Forextradingzones
US30 Entries + ExitsThe 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
AMD Trading Pattern 📉📉📉📈 To increase your chance of succeding in the financial markets as a trader you should understand what the market phases is and the logic behind this concept.
🔰 Accumulation - tipically accumulation is a range area where price forms equal highs and lows, from an institutional perspective we can see this zone as a clash between sellers and buyers usually after a accumulation move price will move sharply into a direction
🔰 Manipulation - manipulation aka the FAKE move will be the first move that exists the range in 80% of the situations the first move is just a move to trap retailers go into a certain direction and then quickly reverses, usually the manipulation happens during LN open (London) NY open ( New York ) NYSE open ( Nasdaq ) and the accumulation move forms during asian session especially for fx pairs
🔰 Distribution - distribution is the moment when price takes the opposite direction of the MANIPULATION it is offten called the TRUE DIRECTION of the DAY where its generally raided by institutions because retail traders were trapped in the manipulation phase.
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Market Strucutre 📉📉📉✅ MARKET STRUCUTURE .
Today we will talk about market strucutre in the financial markets, market strucuture is basicall the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Strucuture
🎯 Bearish Market Strucuture - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
🎯 Bullish Market Strucutre - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
🎯 Range Market Strucutre - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope i was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
Inside Bar Candlestick Pattern📉📉📉We will cover the following today:
Inside Bar (Inside Day)
Inside Days
✅ Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below.
✅ What is an inside bar?
The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market.
✅ Is an inside bar bullish?
First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments
✅ An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low.
📈 HOW TO IDENTIFY AN INSIDE BAR ON FOREX CHARTS
The following steps are used when identifying the inside bar pattern on forex charts:
Identify a preceding trend using price action/technical indicators
Locate inside bar pattern whereby the inside bar is engulfed fully by the preceding candle high and low
💵U.S.Dollar/Canadian Dollar 💵Analyze !!!U.S.Dollar/Canadian Dollar made Bullish Gartley Harmonic Pattern , and I expect that it will grow from TRZ (Time Reversal Zone).
I showed you the targets of the Bullish Gartley Harmonic Pattern in my chart.
🔅U.S.Dollar/Canadian Dollar Analyze ( USDJPY ) Timeframe 4h ⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
The 2 Different Market Condition 💰💰💰💰 Balanced Market Occurs
1)Before any bigger economic events, news are expected (e.g RBI policy announcement, FED meeting ..etc)
2)Consolidation in the market after the uptrend or downtrend.
3)Low Participation from the Other timeframe players or Institutional players (Christmas & New Year holiday season)
4)Lack of liquidity(both buy side and sell side) in the market.
The result of this price rotational process is the discovery of prices that are acceptable to both the buyers and the sellers.
💰 Imbalanced Market : It represents a trending market (uptrend or downtrend). Imbalanced market shows the conviction of other timeframe players. The auction is said to be one sided or directional where there are either more Buyers than Sellers or more Sellers than Buyers depending on the direction of price.
Imbalance of buyers will drive the prices higher till the buyers exhausted and the sellers take control of the market. And the Imbalance of Sellers drives the market lower till the sellers get exhausted and the buyers take control of the market.
💰 Imbalanced Market Occurs When
1)Major economic event days (RBI rate decision day, Election Results Day, GDP Announcements…etc)
2)Major catastrophic events.
3)Opening Gap Up or Gap Down days due to major positive or negative news impact.
4)Strong Global Markets Sentiment.
Healthy Mind 📉📉📉🧠 How to keep Mind Healthy ?
🎯 Don't go against the Markets
Always and always learn from your mistakes & try to never make that again.
🎯 Be Humble
Patient and resist the ilussion that you somehow possess the alchimist's stone of trading, head down and work hard, cocky attitude will ruin your trading career
How do you stay with a healthy mind in the markets ?
Marubozu Candlestick Pattern 📉📉📉📉 What is a Marubozu in forex?
A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle.
📉 How can you tell if Marubozu is bullish?
The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu
📉 What happens after a Marubozu candle?
After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time
📉 How do you use a Marubozu candlestick?
Basically, when trading marubozu candlesticks,
Watch for bullish or bearish candlesticks to form.
If bullish, take a long when price breaks above.
Place stop below candlesticks.
If bearish, take a short when price falls below.
Place a stop above candlestick.
Three Black Crows Candlestick Pattern 📉📉📉Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green.
🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears.
✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal.
✅ Three Black Crows Explained
Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks.
In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears.
This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend.
✅ Limitations of Using Three Black Crows
If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement.
Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow.
Do you use this candlestick pattern ?
Trading Psychology 📉📉📉✅ If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game
We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't.
✅ In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be.
✅ The mechanical stage of trading is specifically designed to build the kind of trading skills (trust, confidence, and thinking in probabilities
The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing
Creating a belief that "I am a consistent winner" is the primary objective
🎯 I AM A CONSISTENT WINNER BECAUSE:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success an
d, therefore, I never violate them.
🎯 The greater your confidence, the easier it will be to execute your trades
To even start this process, you have to want consistency so much that you would be willing to give up all the other reasons, motivations, or agendas you have for trading that aren't consistent with the process of integrating the beliefs that create consistency. A clear, intense desire is an absolute prerequisite if you're going to make this process work for you.
The object of this exercise is to convince yourself that trading is just a simple game of probabilities ✅✅✅
Trading Aspects to Master 📉📉📉🎯 Analysing
To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets.
Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc
🎯 Risk Management
To survive in this game you need a very strict risk management, you will pass hard times and your account will survive.
Risk Management rules should include :
Risk per trade
Session Risk
Daily Drawdown Limit
Weekly Drawdown Limit
Monthly Drawdown Limit
You have to know your numbers, start small then grow.
🎯 Entries
Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence.
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Intra-Day Strategies 📉📉📉Today i will share with you types of intra-day strategies that can work in every market no matter if it's forex/stocks or crypto.
📊 Reversal Strategy
Buy close to the support (demand area) and sell from the resistance (Supply area) for the reversal move
📊 Patterns
Buy/Sell using different technical patterns such as Wedge,Triangle,DoubleTop Double Bottoms, Head&Shoulders
📊 Moving Averages
Using MA to understand trends and cross-overs, basically you have to LONG when price is above EMA/MA and vice-versa
📊 Pullbacks
When a new's event makes a big movement such as CPI,NFP, Unemployment but then a correction move happens
📊 Gap Up/Down
Trading Gap's Up/Down basically they appear during fundamental release or fundamental context when the market is closed, it's basically a big discrepancy between buyers and sellers
What is your intra-day strategy