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Reversalzone

Identify reversals and confirmation.Step to identify the beginning of a reversal and making a decision for a trade. 1. Draw/mark the current trend based on HH/HL/LH/LL, and use the trend line at those points. 2. If the current price crosses the trendline, that's an early signal for a reversal. 3. confirmation of a reversal when the price breaks the structure/pattern (bottom/top). 4. After the above happens, the weighting of the position in the small timeframe (3m/5m) is based on the larger timeframe (1H). For example, 1H reversal up and then 5m should look for a buy signal/keep buy. 5. The distances of target for the buy condition must be limited in the supply zone=previous higher high/lower high. Vice versa, a distance of targets for the sell condition must be limit in the demand zone=previous higher low/lower low. 6. you can combine with other measuring tools such as stochastic or RSI. The example here uses Trend Circle Divergence (TCD) based on RSI, wave of momentum, EMAs, and MACD. *Please refer to the chart below for in-depth information and analysis. How do reversals happen and identify appropriate positions? Price action/movement, patterns, and their effects
MYX:FCPO1!
by TraderAsist
EURCAD I Potential intraday short from resistanceWelcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
6
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments! **NZDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
14
CHFJPY I It will fall from resistance 100 pipsWelcome back! Let me know your thoughts in the comments! **CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
34
3 Things To Do After You Lose A TradeWe have all been there. You analyze a trade setup. You know how much you're going to risk on a trade. You enter the trade just to come back to your chart and find you've been stopped out. It's not fun. It sucks. You thought the setup would work because you followed you rules. The thing is, the market is the market. In my early stages of trading I hated being stopped out. My reasoning was because. I had no idea how to make up for my loss. I thought if I just plotted more lines and levels on my chart I could enter the trade again and make my money back. The problem I kept running into was I had no idea why I lost the trade or how to handle my feelings. I also had no real plan on how to adjust to the price change. I honestly thought my levels or trend lines didn't work. It was deeper than that. What changed? I had to change the way I viewed the market and my next steps to recover my loss. Not only that, I had to learn how to be "ok" with losing money. I created a 3 Step Process that would increase my probability of winning my next trade. Because we are a trading family, I thought I'd share it with you. Step 1: Access my previous trade You hear this all the time, "I made a mistake thats why I lost the trade." The true question is did you really make a mistake or did you follow your trading rules? When I follow my rules no mistakes are made. When I lose a trade that can mean 1 thing. The market reversed. This leads me to step 2. Step 2: Change my bias In the book The Unknown Market Wizards by Jack Schwager, I heard the most beautiful and profound statement by one of the wizard traders. He said, "I realized I have a right to change my mind about my trade at any time." I can't tell you how that made me feel. I've been doing that all along, but this market wizard summed up my actions in just one sentence. When I'm stopped out that means I have to change my mid about the direction of the trade. I made being stopped out so simple so I won't confuse the next action I should take. That leads me to step 3, update my chart and adapt to the new price movement. Step 3: Update and Adapt I have a no nonsense rule and that is to stop trading in 1 direction if I'm stopped out. Go opposite. I'm a true trend trader. I don't naturally trade against the trend. It gets me in trouble. So at the first sign of trouble, I adapt. See, USDCHF was in a downtrend. I sold the trade at 0.92835( sell limit) and overnight I was stopped out. It happened so fast and just as fast as I was stopped out, I knew I had to become the buyer. My Mental In the recent past, being stopped out would have spooked me. Now, its making me want to come back to the charts to face my fear. I used to have a fear of success and failure. Now I have a hunger to want to succeed and learn. Putting on trades is a bit more fun since I've began working with pending orders. They challenge me. Especially in situations when price reverses and I'm stopped out. I pray you gained new insight and a key takeaway on what you can do next after you lose a trade. Just remember, losing a trade doesn't make you a loser, it makes you a trader. Comment down below what your takeaway was. I'd appreciate it if you could like the post. It helps boost my Trading view reputation. Much love, Shaquan
Education
by ShaquanLopez
USDJPY I Short-term long opportunity Welcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
12
GBPAUD I Potential short from reversal zoneWelcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
15
HOW TO trade USDCAD reversals 💵🍁We have an alert for a sell on USDCAD. Trading on the 30M timeframe. I'm using my POW EDGE reversal strategy for this trade idea. Little red arrow is entry point. Red trade label shows trade details. Green lines are TP and purple lines SL. Stats for the strategy can be found at base of idea. Chart shows previous trades from last week. Strategy is in a rich vein of form. Can we start this week off in the same manner last week ended. __________________________________________________________________________________________________________ What is our POW reversal script? Quiet simply our script is a reversal strategy and can be used on any instrument and time frame. POW reversal strategy sits within your TradingView and you as the user will see exactly what we see - the trade, entry price, SL and TP values. This is a mechanical trading system, Which through third party services can be automated. Our script is based on a combination of indicators with the main ingredient being RSI . As a user using the script you are able to see all available settings and what they are. The values for each setting can be adjusted to fit and suit each individual instrument as well as the time frame said instrument is being used on. We know upon changing settings if they will work on the trading instrument and the time frame being worked as we have coded in a built in strategy tester. A big overlooked not used enough feature of TradingView's pine code is the strategy tester which saves hours of time not having to manually back test a strategy. Having the data in an instant enables us to enter trades with full confidence knowing we are working a proven system. Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position. We are working to a rules based approach to trading for our entry, exit and risk management. All subjectivity and emotions are removed we simply follow and execute the already tested strategy. My latest trade recap video can be seen below and gives great insight into POW tradingview pine scripts we use Thanks for looking at my idea 👍 Darren
Short
by pow_removetheguesswork
EURAUD Potential Short from ResistanceWelcome back! Let me know your thoughts in the comments! **EURAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4
GBPJPY Headed Downward 100 pips!Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
10
AUDJPY Potential Buy from Support Welcome back! Here's an analysis of this pair! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy