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DeGRAM | EURNZD Long The currency pair makes an attempt to break out with a trend change, but the price was not allowed below the level of 1.667. A deep false break was made in relation to the lower border of the channel. The price has returned and is being traded within the channel. I look forward to growth from the support of the channel to the nearest resistance 1.727 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Long
by DeGRAM
9
Understanding Market StructureLets start 1) Consolidation The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend 2) Down trend Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels 3) Distribution Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting in higher prices 4) Up trend The bull phase is where you want to be long. See to buy short breakout moves after long rallies have exhausted themselves. Attempts to rally are considered guilty until proven innocent ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support! thankyou
Education
by fxpremiere
Candlestick analysis. How to understand candlestick patternsPinBar PinBar shows the result of the struggle between the players. In this example, we see that after the opening, buyers tried to fight and at some point even won, but the selling pressure was stronger and the bar shows that there is a strong seller in the market. Engulfing Reversal pattern (use at pivot points)A strong impulse in the opposite direction indicates the strength of one or another player, in our case the buyer is stronger. This combination is indicative of the future direction of the market. Internal gap An accumulation model controlled by bears. Note that the bar opens with an internal gap, the large player tries to buy and take at a better price before going further down. Thus, a position is gained before further distribution. The first signal for a sale. Distribution model Direct sale. A large player leaves the game in this way, they sell their large positions for a long time and for a lot, therefore, large bars with large gaps are obtained, because there are no deals in these voids. The movement often ends at 2-3 bars. Inside bar Reversal pattern, which says that there is no update of the local minimum and the closing of the bar remains within the previous bar (without a shadow). The next impulse indicates the strength of the players (in our case, it is a buyer) and the market reversal. Doji A signal of neutrality of forces, often a reversal signal, if it appears at potential reversal points. Pay attention to its formation, as a result of the struggle at the moment, it turns out that the players have equal strengths, only subsequent bars can tell who is the stronger buyer or seller ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Education
by DeGRAM
Candlestick analysis. How to understand candlestick patternsPinBar PinBar shows the result of the struggle between the players. In this example, we see that after the opening, buyers tried to fight and at some point even won, but the selling pressure was stronger and the bar shows that there is a strong seller in the market. Engulfing Reversal pattern (use at pivot points)A strong impulse in the opposite direction indicates the strength of one or another player, in our case the buyer is stronger. This combination is indicative of the future direction of the market. Internal gap An accumulation model controlled by bears. Note that the bar opens with an internal gap, the large player tries to buy and take at a better price before going further down. Thus, a position is gained before further distribution. The first signal for a sale. Distribution model Direct sale. A large player leaves the game in this way, they sell their large positions for a long time and for a lot, therefore, large bars with large gaps are obtained, because there are no deals in these voids. The movement often ends at 2-3 bars. Inside bar Reversal pattern, which says that there is no update of the local minimum and the closing of the bar remains within the previous bar (without a shadow). The next impulse indicates the strength of the players (in our case, it is a buyer) and the market reversal. Doji A signal of neutrality of forces, often a reversal signal, if it appears at potential reversal points. Pay attention to its formation, as a result of the struggle at the moment, it turns out that the players have equal strengths, only subsequent bars can tell who is the stronger buyer or seller ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Education
by DeGRAM
Key Patterns Of Price ActionKey Patterns Of Price Action Key patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the bulls cannot push through the next resistance level , a correction begins. It is undesirable that there were impulses during a rollback, a moderate downward movement should be observed; -By basic rules, the bottom of the cup should be formed in the area of correction levels. A deeper rollback is allowed in modified models. In case of a deep correction after entering the market, the position is transferred to breakeven as soon as possible, the probability of the trend continuation is lower, it is better to insure; Double bottom It all starts with the formation of a new low on a downtrend, after which a rollback against the trend occurs. Then, the price goes down again and rests against the previous low. And finally, after pushing off from this level, an upward movement begins, which breaks through the level of the previous local maximum. It is after the breakout of this level (confirmation line) that the final formation of the 'Double Bottom' occurs and you can start buying. The same is with a reversal in an upward market. After the first high, the price should fall by at least 10%. Otherwise, it will mean that the bears are not strong enough. Saucer Let's start with the shape of the figure. Contrary to its name, the correct shape of the 'Saucer' figure rather resembles a bowl. As you can see, the figure is formed by a smooth price movement along a parabolic trajectory. The first half of the figure (the left side of the saucer) is a smooth descent from the edge of the saucer to its bottom. The second half of the figure (the right side of the saucer) is the same smooth rise from the bottom to the edge. Ideally, the second half should be a mirror image of the first. And the bottom should in no case be sharp . The classic 'Saucer' is formed, as a rule, on large timeframes from D1. But you can also find him on H1. Flat base In trading, the term flat means an area on the chart, without a clearly defined direction of price movement, that is, a trend. In other words, flat is the opposite of a trend. Misc Rules -all BP = 10 pips -ideal prior uptrend >30% -for wks abv avg vol: #up>#down -up 20% for new base - undercut base resets base count - 66% or 3rd stage base fails - 80% of 4th stage base fails - in base bottom look for - shakeout - tight closes - volume dryout - accumulation great thanks
FOREXCOM:XAUUSDEducation
by fxpremiere
PHASES, MARKET BEHAVIORA Growing trend. Bull market CONSOLIDATION (ACCUMULATION) Large players risk unlocking the potential of the instrument, actively investing, although there is no clear picture of further growth. The market is full, big exchanges, big losses, someone manages to make money. Energy is accumulating STRONG BULLISH TREND The beginning of the excitement, news, speculative activity, brokers, sales departments, solid motivation for all speculators to purchase the instrument. Technical traders make a lot of money in these times of the market. Capturing liquidity and deceiving participants by a large player. They drag the price above the previous peaks, supposedly showing that we will move up, and then turn around and go down, collect everything that is needed and after accumulation continue to follow the trend. MADNESS STAGE The market is very active, the participants catch up with the departing train and try to drop in to earn money. A Falling trend. Bear market DISTRIBUTION Large players are exiting the market for high pitched reasons. There is unloading, distribution. Private traders are still active. High volumes. Decrease. PANIC PHASE More and more sellers appear, including large ones. The fall is accelerating, the sell-off is strong. Strong buyers change positions or leave the market. The third phase is a huge drawdown, a hopeless situation for buyers. The downward movement is gradually stopping, but there is still no major buyer in the market, everything is characterized by negative news or market sentiment. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDEducation
by fxpremiere
What is impulse and how to make money on it?What is momentum and how to make money on it? Momentum is a sharp paranormal price movement in one direction or another, unusual for average daily fluctuations of an asset How to build zones from which impulse movement is most likely to occur? 1) The price is pushed back from the previously built level 2) There is an impulse movement in the other direction 3) Correction to the level, from which the price pushed a little 4) consolidation, consolidation below the level, from which there will be an impulse movement How it works? 1) the level above which the price consolidates and repels 2) Rollback from the price level at the moment 3) Impulse that breaks the level 4) We need to extend the level to understand where the key point will be 5) Fixing the price below the level 6) In anticipation of an impulse movement, at the very beginning of the movement, after fixing, we open an order *** Works in the same way in long What do you need to do, what to earn on this? 1) If you use impulses not all in a row, but the very first one after a trend reversal, then we have a chance to pick up all the movements, it all depends on your benchmarks, where you exit the market, according to your strategies. 2) Not every impulse level is the first, we estimate the situation from strong levels, from which the price can reverse 3) We focus on the opening of the session, the chance that the market will reverse at the end of the working day and give you less profit if it is at the beginning. It is important to understand: Price moves from level to level The price does not always fix directly below / above the level You can work both on the younger (m5, m15, m30, h1, ch4) and on the higher timeframes (d1, b1, m1 ) The older the timeframe, the stronger the level from which an impulse can follow During an impulse, funds are injected, a large player enters the market or a major player exits the market, stops-losses are collected, i.e. removal of market participants. Our goal is to follow a major player who leads the price and get profit from it
FOREXCOM:XAUUSDEducation
by fxpremiere
How to create a trading strategy?HOW TO CREATE A TRADING STRATEGY? WHAT IS A TRADING STRATEGY? Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own The main idea of ​​the strategy, its rationale The idea should be rational, based on market patterns that you understand. For example, trading with a trend or pullbacks. On technical or fundamental analysis , with or without indicators A good trading strategy is not complicated, but simple. A large number of rules makes the strategy inconvenient and understandable for the trader himself. Timing of trading What timeframes do you want to trade on? How much time are you willing to devote to trading? What time will you trade? Selection of trading instruments Pick those tools. which you understand well The strategy can be both universal (for many tools), and sharpened for specific toolsChoice of tools for analysis 1) When the main idea of ​​the strategy emerged and it became clear how, when and what to trade, you need to decide on the tools of market analysis 2) If the strategy is indicator, then select indicators (from 2 to 5) 3) If the strategy is not indicator, then select patterns, figures of graphical analysis 4) If the strategy is based on fundamental analysis , then it is necessary to decide on which news to trade. Trade entry rules Under what conditions will you enter the market based on what signals? When will you not open a trade? What orders will you use market or pending? Exit rules Stop Loss and Take Profit Under what conditions do you close a position? How will you set stop loss and take profit? Risk Management Write down the risk per order, risk per day / week / month (in percent or in currency) Determine the maximum allowed number of losing trades per day / week / month Calculate the volume of a trading position (lot) When there is a strategy, what's next? Check the effectiveness of your strategy on the strategy tester or on a demo account Maintain trade statistics to identify weaknesses of the strategy and remove them Find me on:
FOREXCOM:XAUUSDEducation
by fxpremiere
Understanding Market Structure1) Consolidation The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend 2) Down trend Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels 3) Distribution Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting in higher prices 4) Up trend The bull phase is where you want to be long. See to buy short breakout moves after long rallies have exhausted themselves. Attempts to rally are considered guilty until proven innocent ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDEducation
by fxpremiere
DeGRAM | USDJPY growth from levelThe currency pair is in a downtrend, we understand this from the downtrend channel, but a sideways range has also been formed, within which the instrument moves from borders to borders. Now the price has gone beyond the resistance level and is trying to gain a foothold above this level, after the end of the consolidation, I expect growth to the nearest resistance ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Long
by DeGRAM
6
DeGRAM | EURJPY breakout support. Short The instrument is in a descending price channel, the price fell to the support level. The level has been tested, a false breakout has been made, but the price does not go up, perhaps there is selling pressure. I think that if the price goes below the level of 128.3, then we can expect a fall in the price until the next support - 127.3 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Short
by DeGRAM
5
DeGRAM | EURUSD rise from the lower boundary of the channelThe instrument has reached the support of the descending channel. Previously, the level was not broken through, the channel boundaries were clearly observed. The level was last tested a month ago. This time, I think that the price will not be able to break it either, at least in the first test. I'm waiting for the level to be worked out and the price rollback to the nearest resistance - 1.17 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Long
by DeGRAM
5