Get started

Pendingorder

KNOW WHAT TO LOOK FOR IN A RANGE PATTERNThe market is working a range pattern the majority of the time which is good news if you know what to look for. Range patterns are full of information that will help you anticipate what comes next, so you can trade. Here are 3 examples that will make you chart smarter! The first chart is my personal favorite range pattern. When you see a well established range, watch for price to "overshoot" your expected high or low. When that happens, get ready! As soon as it goes past the expected high or low, place pending orders to sell from the top or buy from the bottom. If price comes back to the range, it will come back fast! The 2nd chart is an example of past performance predicting future price movement. During a range pattern, look back 15 bars from the middle of the range, and anticipate the market moving that far in the opposite direction. In this example, the solid arrow is predictive of the dashed arrow. The last chart is an example of how the typical slow or no momentum you would expect is happening in the middle third, shaded in orange. To and from the outer edges of the range, momentum shows up.
Education
by Tradingstrategyguides
Bearish XXXJPY Scenario (USDJPY)Anticipating a move up to liquidity to capture stops (stop losses of sellers and buy stops for those who have been following the obvious uptrend) before seeing a price reversal. This opportunity can be planned out as greater than 3:1 reward to risk and may be something we see across other Yen pairs due to the upcoming BOJ fundamentals. This idea however is a low risk sell scenario based upon technical analysis. This analysis is not meant to substitute as financial advice. Trading involves risk, and you are responsible for the outcome if you choose to act on this trade idea. Stay Safe! I've personally placed a sell limit and it will be reevaluated if it has not been filled by Tuesday's IML TV Session at 12pm EST My order details: Sell Limit 109.900 Stop Loss of 20 Pips ~ remember to factor in broker spread etc.
by ZacharyHogan