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Patterntrading

So You Think that Patterns are Useless? Reevaluate it.Hey, I am back with another, this time educational analysis. In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell. Simple usage of just three indicators, Volume , RSI , and MACD . At first I though, sure, how can some pattern show me the price movement.. But I was wrong. Ok, so in the time of 9 hours, we can see two Pennants , one Ascending Triangle , Head and Shoulders and Small Flag. If u were this time, during the breakout looking at the graph, and you were able to spot all these Patterns you could earn 62,5% in 9 hours! For Example, The top of head and shoulders, the top was when it did triple top on RSI and MACD showed trend reversal. Unfortunately, in the 15 min chart, it looks kinda Meh, so please, take a look lower, where is the 1 min chart, that is a lot more clearer. Tradingview doesnt allow to post less than 15 min charts. Thanks!
VEducation
by TiborVrbovsky
KISS - Keep It Simple Stupid - Repeating PatternsQuick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks. I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and support and resistance levels. For me I find this works best for me in determining targets for entry and exits. I hope you found the video informative and help, if so give me a like and reminder to follow to stay update with my post.
Education
by Crypto_Sid
Educational 07: Flag and Pennant PatternsThese are continuation trend pattern that are found frequently in the markets. I wanted to cover it and share it with you as I found some good charts during my research that are forming such patterns. One of them is Aban 2.41% offshore, chart link attested below. (I have also provided some examples given in comments box below for your references and goodself.) There are 3 important things to note: 1. The Initial Impulse (Flag Pole) 2. The retracement (Actual Flag or Pennant) 3. The Measured Move (an equal reaction swing to the pole) These factors conclude to the formation of Flag and pennant patterns. They are easy to identify and provide high potential returns. Comment below your questions regarding the same to improve your and other traders understanding of the patterns by providing examples and any explanations if required. Thanks for the support, With Regards,
Education
by NeeteshJain
3
GBPCAD - Price Action Case Study - Multiple Time FramesGreetings Fellow Traders, Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario. I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade as it is to know when to enter them. A lot of the publications that I make here are almost certainly geared towards levels to pay attention to for entering, so this is an example of how we use the same trading method to determine that we should absolutely no longer be in a specific trade. Refer to my previous GBPCAD Analyses below for reference. If you've done your due diligence as a trader and have properly identified a level you think the market is adhering to, when that level is broken, it should maintain the reactionary characteristic. There are many fundamental and technical ways to describe the reasons why, I won't get into that here, but I'll presume that you've heard that old support becomes new resistance and vice versa. Case Study: Knowing when to close a losing trade. Last week after a confirmed break on the daily chart the GBPCAD was gearing up for a move lower but first we were looking for price to come back to the support/resistance level that was broken to indeed confirm that a break had occurred. The pair began to sharply rise late last week which was expected for us to get into a short...however when the pair began to reach the key technical level it did not stop. Illustrated above you can see a reactionary zone where price was expected to stop on the 1 hour time frame...no such stop happened. This failed retest is visible on the 4 hour and Daily charts as well. The Expected Reactionary Zone is taking the trend line that you identified and the high (or low depending on direction of trade) of the candle that confirmed the break of your key technical level. Here is a daily chart of the same trade output: In this daily chart you can see the same trade, the confirmed break followed immediately by a candle that does not retest. Many of you may have noticed for my trades that I tend to use larger time frames yet many of the moves that are identified happen largely on the smaller time frames as well. The core reasoning behind using higher time frames is it essentially acts as a filter. For those that trade news, and rumors, and reports....these can have a tremendous impact on a 15 minute candle...but to a daily or weekly candle...it's part of the bigger picture. As long as we account for the flexibility of the rumor volatility we are able to rely on candle closes as a key identifier in our trade decisions. Traders need to account for market reactions in their strategies because if it was as simple as old support = new resistance, we would be able to predict highs and lows with 100% accuracy. That flexibility has a limit, and that limit is when the daily/weekly candle closes. The way this is used to a trader's advantage is to help in removing the emotions from a trade decision. Do not marry yourself to your own ideas, traders need to stay agile, and adapt to market condition's as they change. If the market gives you relevant info that nullifies the analysis it cannot be ignored. If the Daily Candle closes above (or below depending on trade direction) an identified key technical level after a confirmed break, the retest of that level is considered null and void, any trade taken in anticipation of that retest should be closed immediately. Furthermore, that identified key technical level is now considered invalid and should be removed from the picture as it is no longer controlling market conditions. Thanks everyone for reading and I hope this helps in some manner. If you enjoy what I have to offer, feel free to comment, follow or "like"
Education
by Synapse