The Trend is Your FriendThis trend line is so simple yet so important for investors. above the trendline you will have your mini bull market. below the trend line where price currently is means XLM is in a bear market and you're only hoping for a bull market. as you can see, price broke above the trendline but failed to stay above it and broke down below the trendline continuing to be subdued by the bear market. people think just because the crypto market is in a bull market XLM is also in a bull market, which is only normal and reasonable to think that way, but when xlm chart has bear market signals written all over it, you can't lie to yourself forever. on the other hand, i will turn bullish once price breaks above this trendline and continues upward with a successful retest of the breakout. that is the safest way to play this chart. i would like to say upon successful retest of this trendline price target is 38-40 cents, but given the disastrous performance of XLM in this cycle, i would not be surprised if price struggles facing every single resistance level ahead.
Trend Analysis
Trade Like A Sniper - Episode 25 - BABA - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Alibaba (BABA), starting from the 6-Month chart.
If you want to learn more, check out my other videos on TradingView or on YT.
If you are interested in private coaching, feel free to get in touch via one of my socials.
IPO Investing: Bad or Very Bad ?IPOs can be enticing opportunities for investors to jump into potentially high-growth companies from their early stages. While IPOs can offer significant returns, a strategy of investing in every IPO that hits the market is not considered prudent.
Let us explore several key reasons why such an approach is unwise for investors.
Lack of Information:
IPOs often lack comprehensive financial history and operating data. As a result, investors have limited insights into the company's performance, growth prospects, and competitive positioning. Investing without adequate information increases the risk of making uninformed decisions and exposes investors to potentially unprofitable ventures.
Limited Track Record:
Since many IPOs are relatively young companies, they often lack a substantial track record in navigating economic downturns or industry-specific challenges. Assessing their long-term sustainability is just impossible.
High Valuations:
IPOs tend to be priced at a premium to attract investor interest. Especially, When innovative companies go public, It becomes difficult to value such companies owing to the absence of any market comparable. The result is higher valuations. An epic example is NSE:PAYTM . Also, If you boost this post, It would help us to reach many like-minded investors like you.
Uncertain Performance:
When valuations are high, so are the expectations. Newly listed companies face challenges in meeting the high expectations set by the market. While some perform exceptionally well, others struggle to deliver. This brings panic.
Diversification Concerns:
Investing in every IPO can create an imbalanced portfolio. The preset proportions may go haywire. Especially, when investors are forced to become long-term investors in a company due to a substantial decline in the stock price post listing.
Conclusion:
While IPOs may offer the allure of early-stage growth and potential windfall gains, investing in every IPO is not a wise strategy for investors. The lack of information, market volatility, high valuations, uncertain performance, and limited track record are among the key concerns. Instead, investors should approach IPOs cautiously, conduct thorough research, and focus on building a diversified portfolio that aligns with their risk tolerance and long-term investment goals.
Have Insights or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
BARBEQUE NATION: The Psychology of YOUR tradesEmotions play a significant role in trading and can have a profound impact on decision-making and overall trading performance. Here are some common emotions that traders experience and how they can influence trading behavior:
1. Fear:
Fear is a powerful emotion that often arises when traders face unexpected market movements or potential losses. It can lead to impulsive decisions, such as closing a position prematurely or avoiding new trades altogether. Fear can prevent traders from sticking to their trading plans and strategies, ultimately hindering their ability to make rational choices.
2. Greed:
Greed is the desire for excessive profits and can lead traders to take unnecessary risks. It often emerges during bullish market trends when traders become overly confident and start making impulsive trades. Greed can cloud judgment and cause traders to hold onto positions longer than they should, leading to significant losses when the market reverses.
3. Hope:
While hope can provide optimism, it becomes problematic when it's not based on logical analysis. Traders may hold onto losing positions hoping for a turnaround, ignoring warning signs that indicate the trade is unlikely to recover. Balancing hope with realistic assessments of market conditions is crucial to avoid capital erosion.
4. Regret:
Regret can arise from missed opportunities or poor decisions. Traders may feel remorse for not entering a trade that subsequently turns profitable, or they may regret entering a trade that results in losses. Regret can lead to impulsive actions, such as chasing trades or deviating from the trading plan to make up for perceived missed opportunities.
5. FOMO (Fear of Missing Out):
FOMO can lead traders to make rushed decisions in an attempt to catch up with perceived profitable opportunities. This can result in impulsive trading and following the crowd without proper analysis. FOMO-driven actions often disregard risk management and trading strategies, leading to poor outcomes.
6. Ego:
Ego can arise from both winning and losing trades. A trader with a big ego may become overconfident after a string of successful trades, leading to complacency and neglect of risk management. Conversely, a trader who experiences losses may let their ego drive them into revenge trading, seeking to prove themselves and recover losses without a sound strategy.
Successful traders learn to manage these emotions through discipline, self-awareness, and a well-defined trading plan. They understand that emotions can cloud judgment and lead to impulsive decisions, so they prioritize rational analysis and risk management to achieve consistent and profitable trading outcomes.
Should we also post on the set of practices we personally follow to build disciplined psychology?
It takes a lot of time and effort to compile such posts. If it was worth your time, Would you give us a boost?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
What Traders and Rock Climbers Have in Common!This post is inspired by @TradingView's rebranding in 2021 and the recent Leap competition.
At first glance, trading and rock climbing might seem worlds apart. One involves analyzing market trends, while the other requires physical strength and agility.
However, both pursuits share surprising similarities, highlighting unique skills and mindsets.
Here’s a look at what traders and rock climbers have in common.
⚙️ Risk Management: Both traders and rock climbers excel at managing risk. Traders use strategies like stop-loss orders and portfolio diversification to protect their capital.
Rock climbers assess risks, use safety equipment, and plan routes to avoid danger. Effective risk management is crucial in both fields to prevent catastrophic outcomes.
💡Mental Toughness: Traders face market fluctuations and must make quick decisions under pressure.
Rock climbers need to stay focused and composed while navigating challenging routes. Both activities demand mental resilience to overcome fear, maintain focus, and make calculated decisions.
📊 Strategic Planning: Success in trading and rock climbing involves strategic planning.
Traders develop strategies based on market analysis and economic indicators, while rock climbers meticulously plan their ascents, studying routes and assessing conditions. Strategic planning helps achieve goals efficiently in both areas.
⚖️ Adaptability: Adaptability is key for both traders and rock climbers. Market conditions can change rapidly, requiring traders to adjust their strategies.
Rock climbers face changing conditions like weather and rock quality, adapting their techniques to overcome obstacles and reach their objectives.
📜 Continuous Learning: Both traders and rock climbers are committed to continuous learning.
Traders stay updated on market trends and new tools, while rock climbers seek to improve their skills and stay informed about gear and safety practices. The pursuit of knowledge drives success in both fields.
🧘♂️ Focus on Execution: Execution is crucial in trading and rock climbing. Traders need precision, timing, and discipline to execute trades effectively.
Rock climbers must execute their moves with precision and confidence to progress safely. The ability to execute under pressure is essential for success in both activities.
🔄Passion and Commitment: Passion and commitment are integral to both trading and rock climbing.
Traders have a deep interest in financial markets, while rock climbers are driven by their love for the sport and adventure. This passion fuels their dedication, driving them to invest time and effort into their pursuits.
🧗♀️ Conclusion: Despite their apparent differences, trading and rock climbing share many commonalities.
Both require effective risk management, mental toughness, strategic planning, adaptability, continuous learning, focus on execution, and a deep-seated passion.
Recognizing these parallels can provide valuable insights and inspiration for those engaged in either pursuit, highlighting the universal qualities that drive success in diverse fields.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Mastering Multiple Timeframe Trading StrategiesMastering Multiple Timeframe Trading Strategies
In the fast-paced world of trading, the ability to analyse and interpret multiple timeframes can be one of the advantages of a trader. In this FXOpen article, we will delve into the concept of multiple timeframes in trading and consider two multiple timeframe trading strategies based on it.
Understanding Multiple Timeframes
Multiple timeframes refer to the simultaneous analysis of price data across charts with different periods. This approach allows traders to gain a comprehensive view of the market's dynamics. The use of multiple timeframes is paramount in trading for several reasons. By analysing various time intervals, traders may:
- Properly analyse the overall market trend.
- Identify potential entry and exit points.
- Enhance risk management by assessing the broader context.
- Avoid being trapped by short-term market noise and false signals.
Selecting Timeframes
Trading on multiple timeframes usually means confirming signals on charts with two or three different periods. More intervals may confuse traders with excessive market noise.
Choosing the Primary Timeframe
The primary timeframe serves as the foundation of your trading strategy. It's essential to select a primary timeframe that resonates with your trading style and objectives. Here's why it matters:
Alignment with Trading Style: Your primary timeframe should align with your preferred trading style. For example, if you are a day trader looking for quick, short-term opportunities, a primary timeframe of 1-hour or 15-minute charts may be suitable. On the other hand, if you are a swing trader seeking more extended trends, daily or weekly charts might be your primary choice.
Clarity of Signals: The primary timeframe should provide clear and actionable signals. It's the timeframe where you identify key support and resistance levels, chart patterns, and trend directions. The primary timeframe is where you make your core trading decisions.
Selecting Secondary Timeframes
While the primary timeframe forms the core of your strategy, the secondary one complements and reinforces your analysis. These secondary timeframes offer additional perspectives and confirmation. Here's how you may choose one:
Alignment with Primary Timeframe: Secondary timeframes should align with your primary period. For instance, if your primary period is the daily chart, you may consider a secondary interval, such as 4-hour or 1-hour charts. The secondary timeframes should provide a more detailed view without straying too far from your primary analysis.
Confirmation and Entry Timing: Use secondary timeframes to confirm signals from your primary analysis. When the primary chart generates a potential trade signal, consult the secondary one to validate it. This additional confirmation may enhance the reliability of your decisions and help you time your entries more accurately.
Managing Risk: Secondary timeframes can also assist in managing risk. By assessing shorter periods, you can identify intraday fluctuations and adjust your stop-loss and take-profit levels accordingly.
Multiple Timeframe Trading Strategies
Below, you will find two trading strategies that use multiple time frames to trade.
Swing Trading Strategy with Multiple Timeframes
Timeframes Used:
- Primary: Daily Chart
- Secondary: 4-Hour Chart
Indicators and Tools:
- Exponential Moving Averages (EMA) - 14-period and 21-period
- Relative Strength Index (RSI) - 14-period
- Fibonacci Retracement Tool
Entry and Exit Points:
Entry Point (Long Trade):
When the daily chart shows an uptrend (a 14-period EMA above a 21-period EMA) and an RSI above 50, and the 4-hour chart reveals a pullback to a Fibonacci support level:
You may enter a long trade with a stop-loss just below the support level on the 4-hour chart.
You may set a take-profit target at a resistance level or when the 4-hour chart shows signs of a potential reversal.
Entry Point (Short Trade):
When the daily chart indicates a downtrend (a 14-period EMA below a 21-period EMA) and an RSI below 50, and the 4-hour chart exhibits a retracement to a Fibonacci resistance level:
You may enter a short trade with a stop-loss just above the resistance level on the 4-hour chart.
You may set a take-profit target at a support level or when the 4-hour chart reflects a potential reversal.
You may use trailing stop-loss to partially close your trade and lock in the returns that have already been reached.
On the chart above, the 14-day EMA broke below the 21-day EMA, while the RSI indicator was below 50. A trader could have considered this as a signal to open a short position.
When the trader switched the timeframe, they may have noticed that the price rebounded from the 23.6% Fibonacci level. This could be considered as an entry point. A stop-loss could have been placed above the closest Fibonacci level (38.2% in this case) to fulfil a standard risk/reward ratio. The take-profit target would depend on the trader’s trading approach.
Multiple Timeframe Analysis for Day Trading
Timeframes Used:
- Primary: 15-Minute Chart
- Secondary: 1-Hour Chart
Indicators and Tools:
- Exponential Moving Averages (EMA) - 9-period and 50-period
- Relative Strength Index (RSI) - 14-period
- Support and Resistance Levels
Entry and Exit Points:
Entry Point (Long Trade):
When the 15-minute chart shows an uptrend (a 9-period EMA above a 50-period EMA), the RSI indicates bullish momentum, and the 1-hour chart confirms a support level:
You may enter a long trade with a stop-loss just below the support level on the 15-minute chart.
You may set a take-profit target at a resistance level or when the 15-minute chart reflects a potential reversal.
Entry Point (Short Trade):
When the 15-minute chart indicates a downtrend (a 9-period EMA below a 50-period EMA), the RSI indicates bearish momentum, and the 1-hour chart confirms a resistance level:
You may enter a short trade with a stop-loss just above the resistance level on the 15-minute chart.
You may set a take-profit target at a support level or when the 15-minute chart reflects a potential reversal.
On the chart above, created on the TickTrader platform, a trader may have spotted conditions for a long trade (the 9-period EMA was above the 50-period EMA, and the RSI indicator was above 50).
Checking the hourly chart, they may have noticed that the conditions occurred when the price rebounded from the support level. Moreover, the RSI indicator broke above the 50 level, signalling potential upward movement.
A trader could have opened a long position with a stop-loss order below the most recent swing point.
Mistakes to Avoid
Trading on multiple timeframes may be a powerful approach to gaining a comprehensive overview of the market and making more informed trading decisions. However, it also introduces complexities that traders need to navigate carefully. Here are some common mistakes to avoid:
Neglecting the Primary Timeframe. One of the most significant mistakes is focusing too heavily on the secondary timeframe and neglecting the primary one. The primary one provides the overall trend direction and context, so it's essential not to lose sight of it.
Overcomplicating Analysis. Trading on multiple timeframes can become overwhelming if you overcomplicate your analysis. Using too many multi-timeframe indicators, tools, or charts can lead to analysis paralysis. Keep your approach simple and effective.
Ignoring Conflicting Signals. It's not uncommon for different periods to produce conflicting signals. Avoid the mistake of trading solely based on one chart without considering the broader context. Conflicting signals should prompt caution and further analysis.
Chasing Short-Term Trends. Day traders may sometimes fall into the trap of chasing short-term trends on very small periods. Avoid the mistake of becoming too focused on micro-trends without considering the bigger picture.
Overlooking Risk Management. Regardless of their trading approach, traders should use proper risk management. It's essential to set stop-loss and take-profit levels based on your analysis and risk tolerance for each trade.
Neglecting the Market Context. Trading solely based on technical analysis from multiple timeframes may lead to neglecting the broader market context. Be aware of significant economic events, news releases, or geopolitical factors that could impact the market.
Final Thoughts
Trading on multiple timeframes can be a potent tool when used correctly, but it also comes with its challenges. Avoiding the common mistakes and maintaining discipline in your analysis and execution may lead to more effective trading. If you want to test multi-timeframe trading strategies, open an FXOpen account now!
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Trade Like A Sniper - Episode 21 - INTC - (7th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Intel (INTC), starting from the 6-Month chart.
ICT's Market Maker Model - An Easy to Understand GuideIn this video I try to explain ICT's Market Maker Model as simply as I can.
This model basically depicts how smart money efficiently facilitates their positions in the marketplace. It is important to understand some concepts beforehand, such as liquidity, AMD/PO3, market efficiency, crowd mentality, and the fractal nature of price.
I hope you find the video insightful and that it helps you utilize Market Maker Models in your trading.
- R2F
Brilliant Basics - Part 3: Harnessing the Power of Moving AveragWelcome to the third instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success.
Today, we’re harnessing the power of moving averages. We will explore how to use them effectively and consistently to enhance your trading.
Moving Averages: Momentum Versus Mean Reversion
Moving averages are a beautifully simple and robust indicator that can be used to gauge a market’s level of momentum and its level of mean reversion.
Momentum: Simply by looking at where the price is in relation to a moving average, and the slope of the moving average can tell you a lot about a market’s momentum. Is the price above or below the moving average? How far away from the moving average is the price? Is the slope of the moving average rising or falling? These simple observations can be used to construct robust and objective rule sets for defining trade entries and trade exits.
Example: In the below example of the S&P 500’s daily candle chart, we can see that the 9-period exponential moving average (EMA) is sloping higher and moving away from the 21 EMA – signalling a market with strong momentum. However, the price is now quite far from both moving averages – indicating that the market could be vulnerable to profit-taking.
Past performance is not a reliable indicator of future results
Mean Reversion: When a market is trending, it cycles from periods of momentum to mean reversion. Moving averages provide a dynamic benchmark for how far the price has pulled back from trend highs.
Example: Sticking with the same market as used in our momentum example, we can see that the market has cycled from its momentum phase to its mean reversion phase – pulling back towards the 21 EMA
Past performance is not a reliable indicator of future results
Selecting the Right Moving Averages for Your Trading Style
Different trading styles require different moving average settings to effectively capture market movements. Here’s how you can choose the right settings for your approach:
Position Trading: Daily Simple Moving Averages (SMA’s)
For position traders who hold trades for weeks or months, the 200 SMA and 50 SMA are essential tools. These moving averages provide a broad view of the market's direction and help identify long-term trends.
Past performance is not a reliable indicator of future results
Swing Trading: Daily Exponential Moving Averages (EMA’s)
Swing traders, who typically hold trades for 2-5 days, benefit from the more responsive nature of EMAs. The 21 EMA and 9 EMA are popular choices, allowing traders to capture shorter-term price movements and react quickly to market changes.
Past performance is not a reliable indicator of future results
Day Trading: 5-Minute EMA’s and VWAP
Day traders need even more sensitivity to price movements. Using 5-minute EMAs along with the Volume Weighted Average Price (VWAP) provides an excellent framework for intraday trading. The VWAP, in particular, helps day traders identify the average price over a trading session, factoring in volume, which is crucial for short-term decision-making.
Past performance is not a reliable indicator of future results
3 Steps to Harness the Power of Moving Averages
1. Be Consistent: Use the same moving average settings consistently across your analyses. Consistency ensures that you build a reliable and repeatable process for making trading decisions.
2. Target Pullback Zones: Moving averages act as dynamic support and resistance levels. Target these zones for potential entry points in the direction of the trend. For example, in an uptrend, look for buying opportunities when the price pulls back to the moving average.
3. Combine with Price Patterns: Enhance the effectiveness of moving averages by combining them with price patterns. Patterns such as flags, pennants, and double bottoms can provide additional confirmation for trade entries and exits.
Example: In this swing trading example, notice how EUR/USD pulls back to the upward sloping moving averages. When price does this, the confluence of the moving average and a simple price pattern can provide a strong signal for entering a long trade.
Past performance is not a reliable indicator of future results
Summary
Moving averages are an indispensable tool in a trader’s arsenal, offering insights into both momentum and mean reversion. By selecting the right moving averages for your trading style and consistently applying them, you can significantly enhance your analysis.
In our penultimate instalment, Part 4, we will delve into Multi-Timeframe Analysis , helping you understand how to align strategies across different timeframes for more robust trading decisions. Stay tuned!
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
How Can You Trade Using Order Flow? 3 Trading StrategiesHow Can You Trade Using Order Flow? 3 Trading Strategies
Understanding the intricacies of order flow trading unlocks the door to deeper market insights, revealing not just the movements of prices but the forces driving them. In this FXOpen article, we’ll explore how order flow works, its components, and how it can be used within three comprehensive trading strategies.
Understanding Order Flow Trading
Understanding order flow in trading involves examining where buy and sell orders might rest in the market. Essentially, it's about understanding the action behind price movements rather than just the movements themselves. At its core, order flow reveals where traders are placing their orders and at what price, offering a glimpse into the potential future direction of the market based on the current levels of buy and sell orders.
When traders talk about order flow, they're looking at the accumulation of these orders at various price levels, which can indicate areas of strong buying or selling pressure.
For instance, a significant number of buy orders at a certain price level might suggest a strong demand at that level, potentially leading to a price increase if sell orders cannot match this buying pressure. Conversely, an abundance of sell orders could indicate a supply level that, if not met with equal buying interest, might drive prices down.
Components of Order Flow Chart Trading
In the realm of trading, dissecting the order flow is akin to peering into the heart of the market, revealing the intentions of traders through the movement of buy and sell orders. Here's a closer examination of the core order flow indicators.
Understanding these components allows traders to interpret order flow directly from the chart, providing insights into where the market might head next based on past and present trader actions.
Order Blocks (Supply and Demand Zones)
In analysing order flow on a chart, order blocks, or supply and demand zones, appear as areas where price action has shown significant movement away from a particular level, indicating a concentration of buy (demand) or sell (supply) orders.
These zones are typically highlighted by a sudden surge or drop in price, leaving behind a footprint where future price often reacts. For example, a demand zone might be identified by a rapid price increase from a specific area, suggesting buyers overpowered sellers significantly.
Most importantly, when the price returns to one of these areas, it’ll typically reverse.
Market Structure/Trends
The market structure, or trend, is visible through the series of highs and lows on a chart. An uptrend is recognised by ascending peaks and troughs, while a downtrend is marked by descending peaks and troughs. These structures show order flow traders the prevailing direction of market sentiment.
Imbalances
Imbalances manifest as large, directional candles that break away from a consolidation area, signifying a sudden imbalance between buyers and sellers, usually with little to no pullbacks. These are often accompanied by increased volume, which may suggests a strong commitment from traders to move the price in a specific direction.
Volume
Volume is directly observable on a chart, usually depicted as bars beneath the price action. High volume bars accompanying significant price moves validate the strength of that move, implying a robust interest from the market in that price level. Conversely, low volume may indicate a lack of conviction, suggesting that the price move may not be sustainable.
Interested readers can learn more about these components and how they interact with each other in our comprehensive article on order flow analysis.
Order Flow Trading Strategy: Three Examples
Let’s now take a look at how these components can be used in three order flow trading strategies. Consider applying them to real-time charts in FXOpen’s free TickTrader platform to gain the deepest understanding.
Liquidity Sweep at Order Block/Supply or Demand Zone
The concept of a liquidity sweep within an order block stands out for its nuanced approach to capitalising on market reversals. This strategy hinges on the premise that price movements in these critical zones often preclude a significant direction change, making them ripe for reversal entries.
However, while leaving a simple limit order at these areas may be tempting, unforeseen news or a strong trend can cause the price to trade beyond it. Therefore, the theory states that looking for confirmation is often best. Using the idea of a liquidity sweep or a bull/bear trap, traders can identify higher probability setups in these areas.
Entry
Traders typically identify an order block, marking zones that prompted a significant imbalance and strong directional price move.
Watching for the price to approach these zones is key, with a keen eye on the price action within the zone for signals of a potential reversal.
The formation of new highs in a supply zone or lows in a demand zone accompanied by a liquidity sweep (a brief breach of these highs/lows followed by a quick return) may serve as a trigger for entry.
The appearance of reversal patterns, like a shooting star, hammer, or engulfing candlestick, may indicate the market's rejection of prices beyond the zone.
Stop Loss
Placing a stop loss just beyond the boundary of the supply or demand zone potentially safeguards against the risk of a genuine breakout.
Take Profit
Profit targets may be set at the nearest opposing supply or demand zone, usually where another significant imbalance lies, offering a strategic exit point.
Moving Average Crossover at Order Block/Supply or Demand Zone
Integrating moving averages into the analysis of order blocks or supply/demand zones offers traders a quantitative lens through which market sentiment can be gauged more precisely. This strategy particularly revolves around the utilisation of two moving averages.
We’ve used Exponential Moving Averages (EMAs) with periods of 9 and 20, leveraging their sensitivity to price movements to identify potential reversal points within these critical market zones. However, traders can use whichever type or length they prefer, though a balance should be struck between responsiveness and mitigating false signals.
Entry
The trader identifies an order block where a substantial move has previously occurred, leaving behind a noticeable imbalance in the price chart.
As the price revisits this zone, attention is directed towards the EMAs' behaviour. For instance, a crossover of the 9-period EMA above the 20-period EMA signals bullish momentum, whereas its crossover below the 20-period EMA reflects bearish momentum.
Entry may be considered once the moving average crossover aligns with the anticipated direction of the reversal, indicating a strengthening trend.
This signal may be further validated if accompanied by a liquidity sweep or specific candlestick patterns within the zone, potentially enhancing the conviction of the trade.
Stop Loss
A stop loss could be placed beyond the zone’s extremes.
Given the added confidence from the moving average crossover, the stop loss could also be positioned just beyond the most extreme high or low when the price entered the zone.
Take Profit
The take-profit target may be set at an opposing supply or demand zone. Such zones are anticipated to act as natural barriers where the next significant price reaction could occur.
Impulse and Correction Stop Order
The Impulse and Correction Stop Order strategy leverages the dynamic reaction of prices at supply or demand zones, focusing on the price action that follows these pivotal areas.
Recognising that initial reactions from these zones can be sharp, signalling strong market rejection, this approach waits for a pullback or correction as a secondary entry point. This method suits traders looking to capitalise on the momentum shift or those who may have missed the primary reversal opportunity within the zone.
Entry
Traders monitor for a pronounced impulse move away from a supply or demand zone, indicating strong market rejection of these levels.
A subsequent pullback or correction phase is observed, ideally filling the imbalance left by the initial impulse. This correction signals the market's natural attempt to retest the zone before a potential markup or markdown begins.
A stop order may be set at the low (for bearish setups) or high (for bullish setups) that initiated the correction. This positioning aims to capture the breakout moment that confirms the market's commitment to the new direction.
Stop Loss
The stop loss may be placed beyond the correction. This placement is strategic, potentially minimising loss if the anticipated breakout does not materialise and the correction reverses direction.
Take Profit
The take-profit point may be chosen within a suitable opposing zone, considering the optimal risk/reward ratio or strong support/resistance levels.
The Bottom Line
In essence, the realm of order flow trading offers a rich tapestry of insights, enabling traders to navigate the market with a more informed perspective. Through the application of these strategies, traders can potentially align themselves with the underlying momentum of the market.
For those looking to dive deeper into these strategies and apply them in real-time market conditions, opening an FXOpen account provides access to a platform where such sophisticated analyses can be executed, bridging the gap between theory and practical trading.
FAQs
What Is Order Flow in Trading?
Order flow represents the myriad of buy and sell orders executed in the market. It acts as a snapshot of market sentiment, showing where and how traders are placing their orders, which in turn influences price movements.
How to Read Order Flow?
Reading order flow involves analysing the data on the volume of trades, the price levels at which they are executed, and the type of orders (buy or sell). Traders often use specialised software that visualises these data points, though they can be identified on charts through the use of order blocks and imbalances.
How to Trade Order Flow?
Trading order flow typically involves looking for signs of imbalance between buy and sell orders and trading from order blocks. Traders often enter positions based on the anticipation that price will fill these imbalances and reverse from order blocks.
Why Is Order Flow Important in Trading?
Order flow is important because it provides insights into the immediate direction of the market, revealing the underlying demand and supply dynamics, which can be key for making informed trading decisions.
What Is the Difference Between Order Flow and Volume?
While closely related, order flow technically refers to the detailed list of transactions (buy and sell), whereas volume measures the quantity of an asset traded over a period. Order flow gives insight into the specifics of market transactions, while volume indicates the level of activity.
What Is the Difference Between Order Flow and Price Action Trading?
Order flow trading focuses on the underlying transactions that drive market movements, whereas price action trading relies on analysing the price movements themselves. Price action traders study charts for patterns and trends without necessarily considering the specific buy and sell orders that cause those movements.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The level defense patternI use the concept of a level being defended by either a buyer or a seller to find potential buying or selling opportunities. This is a specific pattern that can be identified on a chart. Let's consider one variant of this pattern. In this variant, the defense of a level by a buyer looks as follows: a buyer's candle closes above the level. Then, a seller's candle or candles interact with the level, followed by the appearance of a buyer's candle, which needs to be evaluated. If it meets the criteria, entry points can be identified.
Let's look at a concrete example. The pattern developed over 10 hours.
On the chart, blue-shaded areas represent 2-hour buyer's candles, and red-shaded areas represent 2-hour seller's candles. After the buyer pushed the price back above the 6.733 level, they attempted to resume from the 6.7571 level, the volume of the buyer's candle (632K) was less than that of the seller's candle (1.274M).
Then, the seller attacked the 6.733 level with increased volume (709K) but could not push the price below this level. Note where POC of the volume profile for the 2-hour seller's attack candle is: below 6.7571. The high of the attack candle is at 6.8166.
The next buyer's candle had increased volume (792K). Notice where the buyer's movement started in this candle: from the POC of the volume profile of the seller's attack candle.
Now entry points can be identified. In this example, the entry points are visible on the 1-minute time frame. The chart shows two entry points. Note how volumes are distributed at these points and the resulting buyer's zones (blue rectangles on the chart).
The first entry point is the defense of the breakout from the range by the buyer, which was formed in the previous 2-hour candle (RPL on the chart, 6.7784).
The second entry point is the defense of the high of the attacking 2-hour seller's candle by the buyer (6.8166 level).
SWING TUTORIAL - EMAMILTDThe stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since.
Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months.
At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward.
Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle.
Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well.
Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock.
This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today.
What do you think about this Tutorial? Give your comments in the Comments Section below:
How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session.
I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades.
Still, both were tradable and produced some good scalps although the action had to be recognised early.
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The Mechanics Of Trading - Part XII - 6-4-24 FlagsPart XII
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part XI - SPY Flagging ExamplePart XI
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Is trading really gambling? Yes and no!I know why you’re NOT trading.
You think trading is nothing more than gambling.
I get emails every day from members saying things like.
“Timon trading seems like going to the casino”.
“Timon I don’t want to put money into something that’s gambling”
“Timon thanks but I don’t gamble”
So you’re not trading because you think it’s like gambling.
Well, before you send me another email like this – Please make sure you read this carefully.
Let’s dive into the heated debate and let’s see if I agree whether trading is just gambling.
Does Timon think trading is just gambling?
YES! I do believe trading is a form of gambling.
BUT – hold on…
Gambling exists in two realms. Chance vs. Strategy
There is chance gambling and strategic gambling.
Chance gambling is similar to playing slot machines, lotteries, and coin tosses.
It’s 50/50. And it’s all up to chance.
Have you ever heard of a professional slots player or coin flipper?
I don’t think so.
Then in the other realm of gambling is known as strategic gambling.
The strategic domain is where skill, knowledge, risk management, methodology, probabilities and decision-making play crucial roles.
And that my friend, is why I believe trading is a form of strategic gambling.
You do get professional and successful poker and black jack players, sports bettors and of course traders.
Right?
And that’s because you need skill, strategies and the right techniques to WIN as oppose to mere luck.
So before you quit trading because you think it’s nothing more than gambling, allow me to go one step further.
Let’s talk about the similarities between certain strategic gambling games and see how we can learn from them with trading.
Strategic Game #1:
Trading and Poker – The art of strategy and risk management
Poker and trading share a few similarities.
They both emphasize skill, strategy, and a sprinkle of luck.
But you need a deep understanding of the rules.
You need keen observation of the competitors.
You need adeptness at risk, reward and money management.
Poker players and traders alike must know when to hold their ground and when to fold.
Poker players put their cards down when the probability is low.
Traders either don’t take the trade, risk little in medium probability trades and use tools like stop losses to risk little.
Poker also teaches the importance of emotional control and patience.
And these as I have written many times before, are crucial in trading.
Because emotional decisions can lead to significant losses with both poker and with trading.
Next game…
Game #2: Trading and Roulette
Playing the probabilities
It may seem at first that roulette leans more towards chance.
Red or black, odd or even etc…
But the fact that you have a choice, means that it offers you some form of probability.
A fundamental concept in trading are probabilities.
Traders, like professional roulette players, use statistical analysis to help make informed and better decisions.
It is unpredictable what the ball will land on.
Just like it is unpredictable which way the market will go.
But if you have a sound system, proven track record and winning strategy – you will be able to base the probabilities and tilt the odds in your favour – over time.
In trading, while certain market movements can’t be predicted with absolute certainty, we rely heavily on technical, fundamental, statistical analysis and probabilities to make trading decisions.
Trading, much like roulette, is where you need to diversify your positions and bets.
And you can WIN in the long run if you follow your high probability strategy.
Game #3: Trading and Blackjack
How a maths boffon can win overtime
In blackjack, players make strategic decisions to outmaneuver the dealer.
The main goal is to try and get the cards we’re dealt to hit 21, be close to 21 or be closer to 21 than our opponent’s hand.
Bet too high past 21 and you burn (lose).
This is similar to trading.
You need to be able to analyse the marker conditions.
You need to be able to calculate your position sizes and risk management according to your trade line up.
Both games need you to have a balance of risk, strategy, and knowledge to succeed.
Game #4: Trading and Horse Racing
Know your horse!
Now this is a game that has turned many statisticians into multi millionaires.
Horse racing is where you need to know and choose the right horse that will win based on its:
Form
Characteristics
Conditions of the race
Weather on the day
and other factors.
They study the characteristics, and race conditions to a T.
They calculate based on past performance on which horse has the higher probability of winning.
Traders need to know their horses (markets) too.
Every market you choose to trade, has its own personality, form, movements, and style.
You need to check to see if the chosen market has worked for your trading system and portfolio over time.
And you need to choose the right time, market environment and other factors – before you take on the trade.
In horse racing, experienced bettors also diversify their bets across multiple races and horses to spread risk.
With trading we diversify our portfolios over different accounts, markets, sectors, instruments and types.
Finally let’s talk about the last game:
Game #5: Trading and Sports Betting
The power of predictive analysis
Sports betting, much like trading, relies on predictive analysis to almost see potential outcomes.
If you understand a team’s performance, strategy, and conditions – You will be able to make better betting decisions for the next game.
As a sports bettor you definitely need to know how to analyse a team’s or player’s form, weather conditions, past scores and more to predict an outcome.
Whether it’s football, rugby or cricket – you need to have your winning game plan to increase your chances of winning the bet.
Traders do the same. They have different markets like sports bettors have different games.
Traders also conduct similar technical, fundamental, sentimental, volume analyses to help predict potential market movements.
Both activities involve calculated risk-taking, aiming for high-probability successes based on thorough research and analysis.
Final words:
So, as you can see trading is MORE than just gambling.
Unlike games of pure chance, trading is a disciplined, analytical pursuit that shares more in common with skill-based gambling.
It does require you however to have the right knowledge, strategy, and strong risk, reward and money management.
Let’s sum up the games and sports vs trading so you can remember what we’ve covered today:
Game #1: Trading and Poker – The art of strategy and risk management
Game #2: Trading and Roulette – Playing the probabilities
Game #3: Trading and Blackjack – How a maths boffon can win overtime
Game #4: Trading and Horse Racing – Know your horse!
Game #5: Trading and Sports Betting – The power of predictive analysis
DO YOU THINK TRADING IS LIKE GAMBLING?
A textbook reversal signal..And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game.
The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The psychology between buyers and sellers is very specific and is told in great detail on this particular pattern. The last 6-day candle to print on this chart informed you of the great weakness amongst sellers. This crucial.. for the moment demand returns there practically no resistance until new buyers sell into the market.
Is it possible price action falls further? Sure.
It is probable? No
Ww
Type: trade
Risk: 1%
Timeframe: now
Return: At least 500%
The study
Example
My interpretation of the superTrend indicatorHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
I think the superTrend indicator is a good indicator for checking trends.
Also, when the superTrend indicator shows a horizontal line, it can act as support and resistance, so I think it is an even better indicator.
However, it is difficult to use it in trading by adding it to the chart.
Therefore, I think it is one of the indicators that is not used much when actually trading.
In my chart, it is used to construct the BW indicator, but this is the reason why it is not displayed near the actual price chart.
The superTrend indicator creates a buy line and a sell line.
When the buy line forms a horizontal line, it can be interpreted as a buying period if it shows support.
On the other hand, when the sell line forms a horizontal line, it can be interpreted as a selling period if it shows resistance.
However, when the buy line or sell line is created by breaking, it can be used as an opposite concept.
Therefore, when the buy line -> sell line changes, it should be interpreted as a loss-cutting period.
On the other hand, when the sell line -> buy line changes, it should be interpreted as an (aggressive) buying period.
Therefore, when the lines intersect, you should draw a separate horizontal line and create a response strategy.
As explained above, you can see that there are two ways to interpret the supperTrend indicator.
Therefore, you should look at how the buy line or sell line is created.
You should look at whether the buy line or sell line is connected by a line or created by intersecting each other, and create a response strategy accordingly.
It is also better to use the superTrend indicator with other indicators rather than using it alone.
In my chart, I recommend looking at it with the MS-Signal indicator (M-Signal on 1M, 1W, and 1D charts).
The reason is that the superTrend indicator is also a trend indicator.
If you use the MS-Signal indicator, you may wonder if you really need to use the superTrend indicator, but I think it is worth using because the superTrend indicator also has areas that play the role of support and resistance.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
The Mechanics Of Trading - Part X - EOD 2 Min ES RecapPart X - End Of Day 2 Min ES Recap
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IX - ES Breakdown To SupportPart IX
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Trading reversals with iFVG, swing tradeTrying to work out a strategy based on what is known as everything from an imbalance, to a single print, to a Fair Value Gap. When traders see these zones and the momentum doesn't carry on with the prevailing trend, these chart structures and patterns become great jump-off points for a reversal.
The challenge is set to a risk-reward of 1:2, there is a minimum of 25 pips SL. This video is all about trying to ensure you get the best entry and you don't waste time pushing through heavy traffic.
The Mechanics Of Trading - Part VIII - Learning PatiencePart VIII
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part VII - 2 Min ES TrendingPart VII - Applying Success/Failure & Fibonacci Price Theory
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.