Get started

Priceaction

Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
4
Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
2
Filter opportunities if multiple setups are presenting entries Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries. Hello everyone: Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs. It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs for example, it's a good practice to choose the best ones to enter rather than most of them. When the JPY gets strength or weakness, most of the JPY pairs will move together impulsively, so it's susaintable to filter out all the potential opportunities, and choose the best 1-2 pairs. Taking multiple positions on different pairs of the same currency may potentially put your trading account at a greater risk. Sure, on short term samples and examples, traders may find taking more positions can earn extra profits, but long term sustainability wise, it's not ideal to open up so many positions of the same currency. When traders simultaneously take multiple losses, especially due to correlations, this usually “tilts” the traders, and all sorts of trading psychology effects happen. They may go on to revenge trade, over trade and over leveraged to “win” back the losses they just took. Best to avoid such negative emotions. When I am filtering out potential opportunities, few key areas I will focus on when I choose between multiple pairs: Multi-Time Frame Analysis: Where is the price currently at, and is it in the beginning of the impulse phase on the HTF, or is it closer to the end ? Risk:Reward: 3:1 RR or higher. Can I comfortably enter with proper Risk:Reward ? or is the price already approaching a previous swing lows/highs ? Which pairs may yield the best reward potentially ? Price Action Development: Are we getting the confirmation price action structures/patterns on the lower time frames for entries ? Is there a better, more clear price development between the currency pairs ? Compare the currency pairs with each other, and identify the best 1-2 pairs that fit all the above criteria. Then simply look to set your stop entry orders when applicable. To wrap it up, understand you can always enter or scale in more positions, as the price continues to develop and in your bias favor. As long as our original positions’ SL are at BE or in profits. This way you will never lose money from the original account, while potentially maximizing your profits. Any questions, comments, or feedback welcome to let me know. Below I will list out some of the other educational videos that tie in closely to what we talk about today: Risk Management 101 Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management: How to Enter and set SL and TP for an impulse move in the market Multi-time frame analysis Identify a correction in price action analysis Continuation and Reversal Correction Thank you :)
Education
by jojofang0901
28
How to trade The News Correctly Trading strategies on news for many traders play an important role, since one news can take a very good movement, it is important to observe the nuances of such strategies. The essence of the strategy is to catch the movement and make money at the moment of the release of important news, becauseof which, most often, the volatility of the instruments we are interested in increases significantly, and it does not matter from the direction where the price will go. NUANCES: 1) the entry point is located outside the range, in which the price was moving before the news was released 2) place two identical deals at the same distance in different directions 3) do not forget about stop loss 4) do not forget to set take profit What a trader can get by trading on the news 1) At high volatility , slippage can be obtained. At such a moment, the trader can get both a larger loss than the planned one, or a smaller profit, and quite the opposite. More often slippage is bad for the trader's account 2) False breakout, which can deceive you and give you a loss 3) Bad work of the broker, usually if you use the services of "Kitchen". they "process" a lot of traders on the news in their favor. What news is it permissible to trade such a strategy on: Important news: 🔼 NFP 🔼 Retail Sales 🔼 Trade Balances 🔼 CPI 🔼 FOMC The movement that a trader can pick up can be up to 50-70 points in some currency pairs. What currencies and why 🔼 EUR/USD 🔼 GBP/USD 🔼 USD/JPY These are the most traded currency pairs in the world, gold is not taken into account, the expected movement in these pairs can be up to 50-70 pips. Important to remember ❗ : 🔼 These are the most aggressive strategies 🔼 You, during the news release, have no advantages, without this it is difficult to win 🔼 And it is best not to trade before and after the news release for at least half an hour. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
7
How to trade The News Correctly Trading strategies on news for many traders play an important role, since one news can take a very good movement, it is important to observe the nuances of such strategies. The essence of the strategy is to catch the movement and make money at the moment of the release of important news, becauseof which, most often, the volatility of the instruments we are interested in increases significantly, and it does not matter from the direction where the price will go. NUANCES: 1) the entry point is located outside the range, in which the price was moving before the news was released 2) place two identical deals at the same distance in different directions 3) do not forget about stop loss 4) do not forget to set take profit What a trader can get by trading on the news 1) At high volatility, slippage can be obtained. At such a moment, the trader can get both a larger loss than the planned one, or a smaller profit, and quite the opposite. More often slippage is bad for the trader's account 2) False breakout, which can deceive you and give you a loss 3) Bad work of the broker, usually if you use the services of "Kitchen". they "process" a lot of traders on the news in their favor. What news is it permissible to trade such a strategy on: Important news: 🔼 NFP 🔼 Retail Sales 🔼 Trade Balances 🔼 CPI 🔼 FOMC The movement that a trader can pick up can be up to 50-70 points in some currency pairs. What currencies and why 🔼 EUR/USD 🔼 GBP/USD 🔼 USD/JPY These are the most traded currency pairs in the world, gold is not taken into account, the expected movement in these pairs can be up to 50-70 pips. Important to remember ❗ : 🔼 These are the most aggressive strategies 🔼 You, during the news release, have no advantages, without this it is difficult to win 🔼 And it is best not to trade before and after the news release for at least half an hour.
Education
by DeGRAM
2
DEMO account for trading. Useful or notDEMO account for trading. Useful or not A demo account is considered by traders to be the safest method of learning to trade 😎 You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop putting on the feet and trade like a flop. A demo account provides an opportunity to gain experience 🐱‍👤 Demo account is comparable to the virtual world, where there is nothing real. There is no profit and no loss, you do not feel any of this. It is only needed for the initial stage, where you are just starting to understand the structure, orders, how everything works. On a demo account, you can check the strategy, system 📈 This cannot be done again because of the lack of attachment to money or lack of responsibility for their activities. A trading strategy gives success only if you follow everything that is indicated in it, without your own improvisation. Winning a demo account can tell you how to trade on a real account 🤑 Demo account in comparison with a real account are completely different things due to the emotional component, psychological, lack of responsibility and rashness. Any positive result on a demo account means nothing What, then, is a demo account needed? 🤷‍♂️ 🔼 For acquaintance with the trading platform and the characteristics of the trading market 🔼 For acquaintance with the financial tools on which you will be trading 🔼 To perfect your technical skills 🔼 To test your trading strategy ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
12
DEMO account for trading. Useful or notDEMO account for trading. Useful or not A demo account is considered by traders to be the safest method of learning to trade 😎 You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop putting on the feet and trade like a flop. A demo account provides an opportunity to gain experience 🐱‍👤 Demo account is comparable to the virtual world, where there is nothing real. There is no profit and no loss, you do not feel any of this. It is only needed for the initial stage, where you are just starting to understand the structure, orders, how everything works. On a demo account, you can check the strategy, system 📈 This cannot be done again because of the lack of attachment to money or lack of responsibility for their activities. A trading strategy gives success only if you follow everything that is indicated in it, without your own improvisation. Winning a demo account can tell you how to trade on a real account 🤑 Demo account in comparison with a real account are completely different things due to the emotional component, psychological, lack of responsibility and rashness. Any positive result on a demo account means nothing What, then, is a demo account needed? 🤷‍♂️ 🔼 For acquaintance with the trading platform and the characteristics of the trading market 🔼 For acquaintance with the financial tools on which you will be trading 🔼 To perfect your technical skills 🔼 To test your trading strategy ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
2
Price Action vs Indicators: Who wins?Happy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: Price Action vs Technical Indicators. To begin with, each and every traders has his or her own strategy. Some of them would prefer using only indicators to open trades, some would use indicators as confluences, some of them do not use indicators at all and so forth. The truth is, indicators deceive a lot of new beginner traders into thinking that they are the key to successful trading and investing. Right after hoping on the charts, beginners tend to saturate their graphics with tons of indicators which contradict to each other. One indicator shows a buy signal, another one shows a sell signal, which makes it harder for traders to make decisions on the markets. Of course, using some spesific indicators as confluences to open positions is not bad at all. If it fits your strategy, you may add some technical indicators to backup your analysis. But at the end of the day, using several indicators and saturating your beautiful graphs with them will never lead you to success. All in all, as it has been stated above, everyone has his or her own strategy. Therefore, if indicators work for you, go ahead and implement them in your analyses! At the end of the day, it is all about making money, isn’t it? Have an amazing Friday and a brilliant upcoming weekend, everyone!
Education
by Investroy
30
EURUSD Recent Price Action| Identifying a break of a key levelEvening Traders, In this educational post I will analyse how a price action level breaks and puts in a retest. Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest. This shows strength in the price action; however volume was not evident, leading to a bearish expansion back below the level. EURUSD eventually retraced and broke the resistance again with a strong impulse and is currently trading above the level. For this breakout to be valid on the retest, we need to see an increase in the volume profile. This will signify a true break as incoming volume will lead to an expansion. I hope this educational peace helped, Thank you for following my work!
Education
by AzizKhanZamani
2
DeGRAM | 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!
Education
by DeGRAM
30
DeGRAM | 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!
Education
by DeGRAM
DeGRAM | Features of the MARKET STRUCTUREPrice action and market structure. Understand. Anticipate. Earn. As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed. Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market. Price is a trace. What buyers and sellers leave behind on the battlefield, we have the right to use this advantage. Thus, the price is the meeting point for decision-making by all market participants. It does not matter what traders, speculators use technical analysis , inside information or fundamental analysis . A careful analysis of price movements reveals areas of imbalance in market forces, which therefore offer interesting opportunities for profit - this is the main reason why we are fond of understanding price action and market structure. The essence and important points when building a chart of price action and market structure. The idea behind a chart is primarily to show where price has moved over time. Supply and demand determine the price of something, and a chart is a graphical representation of historical changes in supply and demand , i.e., historical changes in the overall attitude of buyers and sellers towards the viewed product. Clean charts: is a powerful tool that can facilitate this integration and promote the development of intuition. Focus on where it should be on price candles or bars and the evolving market structure. Opening price. How important is it? Annotate your charts with annual, monthly and weekly opening. Price changes anytime, anywhere, and our charts become volatile because human emotions are influenced by the news. You should always mark your schedules with annual, monthly, and weekly openings; and if you are an intraday trader, with a daily open. due to backorders and order flow. The price moves out of liquidity zones and returns to them. When the year, month and week come to an end, large speculators seek to cover, change or open new positions. Thus, there is a lot of "order changes", and at the same time, unfulfilled orders often remain: liquidity remains in the same place. Thus, "smart money" gradually enters the market and, thus, does not always fully fill its position. Hence, they have the choice to leave the order unfilled so that the price can raise it when / if the market returns. This: triggers a reaction at these levels in terms of order flow, partially responsible for price memory. Price. What is it? Every player. From retail to institutional money. But at the same time, who wins in the market: retail or institutions? If you want to make money in the marketplace, you must stop thinking like a retail trader and start trading like institutions do. Therefore, a good way to use these levels is to understand them in terms of accumulation / distribution . The accumulation stage is followed by the expansion stage and the distribution stage. You need to make sure that you are not a retail money, in other words, the “opposite side of smart money trading”. Candles. Structure. Each candlestick tells you a story about the structure of the market. At this point, the main thing to understand is that candles are a graphical representation of price movement and therefore show the mindset and sentiment of the market, as well as any changes in that thinking and sentiment that may unfold. This is why price tells you a story: because a candlestick can be broken down into its component parts to determine the direction of movement that it represents for price. Basic Principles of Psychology Through Price Action A green real body candlestick is created on the day the market closed higher than where it opened: In other words, the price moved up during the day. This means, if we use the basic principles of supply and demand , there were more buyers than sellers. In the market language I will use from now on, the bulls won. The red real body candle is the result of the day when the market closed below the level at which it opened. This means that sellers outweighed buyers or there was more supply than demand, causing the price to move lower. In market conditions, it was a bearish day. Output Many people believe that price changes are random and unpredictable. If this were true, the only logical course of action would be ... not to trade! A correct reading of price action will enable you to understand and extract market structure from your chart. Once you get this advantage, you can stay on the right side of the market. Then you can sit quietly. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
5
DeGRAM | Features of the MARKET STRUCTUREPrice action and market structure. Understand. Anticipate. Earn. As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed. Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market. Price is a trace. What buyers and sellers leave behind on the battlefield, we have the right to use this advantage. Thus, the price is the meeting point for decision-making by all market participants. It does not matter what traders, speculators use technical analysis, inside information or fundamental analysis. A careful analysis of price movements reveals areas of imbalance in market forces, which therefore offer interesting opportunities for profit - this is the main reason why we are fond of understanding price action and market structure. The essence and important points when building a chart of price action and market structure. The idea behind a chart is primarily to show where price has moved over time. Supply and demand determine the price of something, and a chart is a graphical representation of historical changes in supply and demand, i.e., historical changes in the overall attitude of buyers and sellers towards the viewed product. Clean charts: is a powerful tool that can facilitate this integration and promote the development of intuition. Focus on where it should be on price candles or bars and the evolving market structure. Opening price. How important is it? Annotate your charts with annual, monthly and weekly opening. Price changes anytime, anywhere, and our charts become volatile because human emotions are influenced by the news. You should always mark your schedules with annual, monthly, and weekly openings; and if you are an intraday trader, with a daily open. due to backorders and order flow. The price moves out of liquidity zones and returns to them. When the year, month and week come to an end, large speculators seek to cover, change or open new positions. Thus, there is a lot of "order changes", and at the same time, unfulfilled orders often remain: liquidity remains in the same place. Thus, "smart money" gradually enters the market and, thus, does not always fully fill its position. Hence, they have the choice to leave the order unfilled so that the price can raise it when / if the market returns. This: triggers a reaction at these levels in terms of order flow, partially responsible for price memory. Price. What is it? Every player. From retail to institutional money. But at the same time, who wins in the market: retail or institutions? If you want to make money in the marketplace, you must stop thinking like a retail trader and start trading like institutions do. Therefore, a good way to use these levels is to understand them in terms of accumulation / distribution. The accumulation stage is followed by the expansion stage and the distribution stage. You need to make sure that you are not a retail money, in other words, the “opposite side of smart money trading”. Candles. Structure. Each candlestick tells you a story about the structure of the market. At this point, the main thing to understand is that candles are a graphical representation of price movement and therefore show the mindset and sentiment of the market, as well as any changes in that thinking and sentiment that may unfold. This is why price tells you a story: because a candlestick can be broken down into its component parts to determine the direction of movement that it represents for price. Basic Principles of Psychology Through Price Action A green real body candlestick is created on the day the market closed higher than where it opened: In other words, the price moved up during the day. This means, if we use the basic principles of supply and demand, there were more buyers than sellers. In the market language I will use from now on, the bulls won. The red real body candle is the result of the day when the market closed below the level at which it opened. This means that sellers outweighed buyers or there was more supply than demand, causing the price to move lower. In market conditions, it was a bearish day. Output Many people believe that price changes are random and unpredictable. If this were true, the only logical course of action would be ... not to trade! A correct reading of price action will enable you to understand and extract market structure from your chart. Once you get this advantage, you can stay on the right side of the market. Then you can sit quietly. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
3
📉 Your Ultimate Guide to RSI Divergence (Settings & Tips) 📈 Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tip s: 💠First of all, let's start with the settings . For the input , we will take 7/close . For the levels , we will take 80/20 . Then about the preconditions : 1️⃣ Firstly, the market must trade in a trend (bullish or bearish) with a sequence of lower lows / lower highs (bearish trend) or higher highs / higher lows (bullish trend). 2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows. 3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead. ➡️ Once all these conditions are met, you spotted RSI Divergence . A strong counter-trend movement will be expected. Also, I should say something about a time frame selection . Personally, I prefer to apply it on a daily time frame , however, I know that scalpers apply divergence on intraday time frames as well. ❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal. ❤️Please, support this idea with a like and comment!❤️
Education
by VasilyTrader
17
HOW TO SPOT A MARKET REVERSAL: A beginner's guideHappy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: How to spot a possible market reversal. Of course, there are many strategies and various methods one can implement to identify a reversal in the markets. The method that we will be talking about today is relatively simple and really effective. We use two methods to determine a possible reversal: Double Top/Double Bottom pattern formations or break of a trendline. As it can be inferred from the chart, both of the cases of a market reversal strategy that we implement can be noticed. The first one is a Double Bottom Reversal. When the price manages to create a Double Bottom/Double Top on higher timeframes, it means that the price has not been able to break the structure and is on his way to reverse. Looking at the graph, we can observe that the price’s attempts of breaking the 1678-1680 level of support to the downside resulted in being unsuccessful. Therefore, a nice double bottom formation had been formed and the price started moving to the upside from there. The second approach is even more simple, we just follow the trend. Remember the saying: “Trend is your friend until the bend in the end”? That’s right, if the price manages to break an uptrending or a downtrending trendline, it’s time to reverse for the most part. Looking at the chart, we can see that the price failed to create a new Higher High, and it broke the uptrending trendline to the downside and started dropping massively. That's it for the topic of "Market Reversals", family! Hope you enjoyed it. If you have any suggestions on what kind of educational posts we should post next, feel free to let us know in the comment section below! Have a nice day and an amazing upcoming weekend!
OANDA:XAUUSDEducation
by Investroy
24
📚SPOT A MARKET REVERSAL WITH CANDLESTICK PATTERNS📚 Candlestick patterns are frequently applied for the identification of early trend reversal signs . Here are the three most common reversal formations that you may encounter trading different markets: 1️⃣ - Equal inside bar formation Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long in comparison to the buddy of the candle). In case if the consequent candle's body has the same range, we call that the equal inside bar . It can be treated as the reversal formation ONLY with additional confirmation. Without an additional trigger, chances will be high that the market will start a sideways movement instead . 2️⃣ - Engulfing candle Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long in comparison to the buddy of the candle). In case if the consequent candle's body engulfs (has a bigger range) the previous candle, we call that the engulfing candle . By itself, it is a quite strong reversal signal and can be applied as a trigger for opening a trading position. 3️⃣ - Engulfing candle (2X) Sometimes, the engulfing candle engulfs not only the previous candle but also one more preceding one . We also can call such a candle a high momentum candle . It is considered to be the strongest reversal formation (among these 3) and can be applied as a signal for a trade entry. ❗️ Remember that candlestick patterns work only on strong pivots/structure levels. Being formed on random levels, the performance of these formations is relatively low. ❤️Please, support this idea with a like and comment!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
18
📚SPOT A MARKET REVERSAL WITH CANDLESTICK PATTERNS📚 Candlestick patterns are frequently applied for the identification of early trend reversal signs . Here are the three most common reversal formations that you may encounter trading different markets: 1️⃣ - Equal inside bar formation Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long in comparison to the buddy of the candle). In case if the consequent candle's body has the same range, we call that the equal inside bar . It can be treated as the reversal formation ONLY with additional confirmation. Without an additional trigger, chances will be high that the market will start a sideways movement instead . 2️⃣ - Engulfing candle Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long in comparison to the buddy of the candle). In case if the consequent candle's body engulfs (has a bigger range) the previous candle, we call that the engulfing candle . By itself, it is a quite strong reversal signal and can be applied as a trigger for opening a trading position. 3️⃣ - Engulfing candle (2X) Sometimes, the engulfing candle engulfs not only the previous candle but also one more preceding one . We also can call such a candle a high momentum candle . It is considered to be the strongest reversal formation (among these 3) and can be applied as a signal for a trade entry. ❗️ Remember that candlestick patterns work only on strong pivots/structure levels. Being formed on random levels, the performance of these formations is relatively low. ❤️Please, support this idea with a like and comment!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
27
SPOTTING EARLY TREND REVERSAL | EURUSD Hey traders, As you know, I am very bearish biased on EURUSD. On a daily, the price respected a major key level and also broke a rising wedge pattern to the downside. On intraday time frames, with classic price action rules, we can easily spot a trend reversal : The price was trading in a bullish trend . The uptrend was confirmed by a sequence of higher highs and higher lows . 1.2267 is a local structure high . After a retracement to a new higher low the price set a lower high (a very important bearish clue). Then the price violates a previous higher low level to the downside setting a new lower low . With a sequence of two lower lows and lower high, we can confirm a bullish trend violation and initiation of a new bearish trend on 8H chart. Now we are waiting for the completion of a retracement leg in a zone between current spot prices and the level of a previous lower high and a consequent bearish continuation. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
11