Patterns
2/10 Quarterly Update (End of year 2020)Hey guys,
as you know, each quarter 10 Videos/Charts.
This is a number, enjoy it :)
Today we discuss some stocks, the first video was about the crypto asset class. There will be other asset classes, like main videos them for example about spx or dow jones or dax, as well as other financial derivates. In between them, the other videos will contain random stocks, which we encounter, while streaming.
So the next one will discuss a few stocks of the "good stocks" list.
The next asset class video will be about forex or commodities.
Thereafter will be more stock examples and finally, the last videos will again be about a major asset class and the last one will be about trading ideas for 2021.
And as always, thank you for tuning in, happy trading everybody,
roman from -ger-quality-trades-
Weekly Watchlist Hi all, I would like to wish you all a Merry Christmas, and with this being the last week of 2020 I wish you all a profitable end to the year. I thought I would share my watchlist for the week ahead and perhaps get some feedback regarding the pairs I will be looking at. Please feel free to share your thoughts and if you want you are more than welcome to ask any questions. Furthermore have an awesome week and stay safe.
What is a Bullflag $NIO Finding patterns in real time is an essential. This is a bullflag on $NIO that I signaled yesterday, but this was a perfect opportunity to add on this bullflag. Especially if you are scalping. We took $LI $NIO $KNDI long last week an added to strength. Study those patterns and learn to identify them in real time. We do 1 on 1s with our students and this is one of the main points we push...be active! happy trading!
In Depth Look at Continuation & Reversal Structures/Patterns
Hi everyone:
In this educational video, I will explain how I determine reversal and continuation structures/patterns in the market.
Many have asked me to break this topic down more in depth and in live, so I hope I can address all the questions I get on this.
So, in my opinion there is only 2 main type of structures/patterns:
Continuation Structures
Reversal Structures
The key to find consistency in price action trading is to identify what kind of correction the structure is forming. Is it a reversal, or is it a continuation?
Since after a correction is finished, we are likely to see an impulse move from that structure, and it's good to understand when and how likely that structure will either continue or reverse the current price.
Below I will list out some of the most commonly identified reversal and continuation corrections.
To me, it's not too important what people call these structures/patterns, but what you need to determine is, is it a reversal or continuation structure?
Because, the market is ever evolving, and price action structures/patterns are also evolving.
Sure we can learn a lot from the typical “Textbook” structure and patterns, but they often or not won't be picture perfect,
and we need to utilize what else the market is telling us to determine the structures.
Continuation Structure
-flag
-channel
-triangle
-pennant
Reversal Structure
-wedge
-ascending/descending channel
-Double Tops/Bottoms (M and W pattern)
-Head and Shoulder
Understanding how the price has been moving thus far, will give you a more clear understanding of what the structure is going to form.
For example:
-When we see price at the top of a HTF structure, slowing down and correcting itself up, you will be looking for reversal structure from the top, and looking for the sell.
-When we see prices broken out of the HTF structure, you will be looking for a continuation structure to form and continue the buy.
As always ,feel free to ask me questions or comments.
Thank you
My Go To Setups/Entries in TradingHi everyone:
Many traders have asked me to give a more in depth look into what a typical setup that I would be looking for, what are some possible entries that I will take.
So I figure I will make an educational video and analysis breakdown on a few trades that fits my trading plan, risk management, and trading strategies/style.
I will go over 3 setups/entries that I usually look for in the market. I will explain what I want to see from price action and structures before considering a possible entry.
Entry #1: Double Top/Bottom
-potential double top/bottom on the higher time frame
-corrective structures forming to push price near the area
-enter the breakout or reversal
Entry #2: Continuation Correction
-break of the higher time frame continuation correction structure
-price formed lower time frame corrections
-enter the reversal, breakout, or correction after breakout
Entry #3: Top/Bottom of structure
-price is at the top/bottom of the higher time frame structure
-price form some sort of correctional structures within the larger structure
-enter the breakout, or correction after breakout
As always, feel free to ask me questions and comments.
Thank you
How to identify valid, high probability price action structuresHello everyone:
In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market.
I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves.
Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be.
The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry.
Thank you
Feel free to ask me questions and comments.
Dealing with impatience6.1.20 Dealing with Impulse/impatience; gold silver oil ES Dow NewYork Russel 2-618 reversal patterns ( but with bullish price action )
WALL STREET: The future is the past - possiblyIn this screencast I look back to 2008 to get an idea of what happened in the last crash.
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I am not saying that what happened in 2008 will happen again. I am simply looking at patterns on daily time frame, to avoid any unconscious expectation that price will just go down in a simple stepwise manner.
Why might I come to an 'unconscious expectation'? Because I know not the psychology that affects me and loads of other people. I know that lots of equity gains can have an almost hypnotic effect. I've been there done that, been burnt, and worn the T-shirt etc. So - this time around, I ain't letting 'no' market hypnotize me!
Is Bitcoin going to every die - probably not. In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!".
I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and decide on probabilities.
I'm inviting all to look at the same evidence. Are we all seeing the same thing? Are we seeing broadly the pattern of fall back followed by shocking recovery?
End of day action on EURUSD and US30In this video I look at an interesting compression on the 15 min EURUSD and quickly review a critical price position on the US30.
This follows up from my other videos.
A strong EURO is not great for the Ger30, so if it strengthens around now, there could be more bearish pressure on the DAX.
The DAX tends to rule the worlds markets and has not suffered as serious corrections as the US30, as yet.
I'm not saying I'm right about any of these positions and how I assess them. The important things I think is to share thoughts and learn from others. I'm always happy to learn a different way, see a different perspective, and to stand corrected if I've made glaring errors.
Best wishes
Walker.