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Trend Lines

great setup for swing trading on #btc🔥hi there traders all around the world👋 one of the great setups that we can count on it is breaking the trend line and it simple. when a trend line breaks spatially if that trend was a pullback in previous(we had a good bear trend line here) we must wait for price to reach and touch the trend line then we can enter. tip: if price touches 2or 3 times its much better. I hoper you enjoy the lessen I just teaches you, wish you all a great day with good profit. cheers 🥂.
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by trader2613
How to identify a bullish / bearish trend and a trend change:Hi everyone! I didn't really find anything that interests me in today's EU price action. So instead, I'm posting a tutorial on how to correctly identify a trend. This is very important for all traders as we should ideally be trading with the trend. There's actually this saying that goes, "trend is your friend" I'm sure most of you, if not everyone, already knows that trading with the trend would give you a higher probability in your set ups. I hope that this short tutorial will help you in some ways in the future. Please do let me know in the comments below what you think and something you might want to add. Thank you and I appreciate it! ♡
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by Krysthel
4
AUDJPY support and resistance zonesSupport and resistance are the next two things that are important for successful trading. These are some imaginary lines. That is some zones depending on how someone draws them on the graph, which show us where the price has stayed the most. We noticed in this example that the price was constantly coming back and bouncing back. When we talk about zones or support and resistance, there are two types: - Major zones - Minor zones Major zones are all zones that are drawn above one one hour time frame. ( Respectively timeframe one h, four h, 1Day, 1Week, 1 Month.) Minor zones are smaller zones, and they are drawn in less than an hour. (Respectively on timeframe 30M, 15M, 5M.) The only advice I can give you about this is to "practice makes perfect". How to recognize zones is just a matter of exercise. The more you practice, the easier it will be for you to recognize them. The characteristic of how I draw them is that I look for wicks from candles and draw them on them. That is, I draw them on candlesticks which is visible on the graphs. In this example, we can expect the AUDJPY pair to climb to the resistance zone 99.00-104.00.
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by Aleksin_Aleksandar
Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability. Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys. What is the Super trend indicator? 'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility. Super trend Indicator Formula The super trend indicator computation is illustrated below– Up = (high + low / 2 + multiplier x ATR) Down = (high + low) / 2 – multiplier x ATR Average True Range = / 14 The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time. As a result, ATR is an essential component of the supertrend technical analysis indicator. How to Use Super trend Indicator to Identify Buy and Sell Signals? Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red. There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals. Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
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by MohannadYakout
Measured Move ToolThis is just a quick tip on creating a measured move tool. If you're like me (having to work things out alone the slow way by trial and error) then you probably messed around with trend lines making a mess of the chart and it always being a faff to work out measured moves, which I use pretty religiously in setting profit targets and goals. However, no more faffing needed. The Fib Retracement Tool can be re-appropriated as a measured move tool. Simply double click the tool settings and change all of the nonsense measures that come in the pre-sets (I don't use Fib Retracement in my trading). In my adapted Fib Tool I simply change the settings to 0, 0.33, 0.5, 0.66, 1, 2, 3, 4. I also grey out slightly the 0.33 and 0.66. I find 0.33, 0.5 and 0.66 are great for measuring pullbacks. And that's it. Measured move tool hack complete. Enjoy.
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by Newton_Trader
1
USDT.D Daily Analysis🟢USDT's dominance bounced from the uptrend line support to form a twin floor pattern and is now above the neckline of this pattern, which also acts as a support. If the retest is successful, it is expected to move upwards, which will be a sign of decline for the market because the USDT and BTC dominance are inversely related to each other. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market. ⚠ This Analysis will be updated. Amir Hossein 📅 02.19.2022 ⚠️ (DYOR)
CRYPTOCAP:USDT.DEducation
by Trader_Needs
3
Market Cycle in Classic Price Action ViewIn all markets buyers and sellers are fighting to find fair price. If price becomes oversold or overbought, the other side of the market will enter and tries to find fair price. Markets are either in Trend or Trading Range . Trend is one sided trading phase and trading range is 2 sided trading phase where both sellers and buyers are active. Trading Range phase will be started if both buyers and sellers thick the the current price is fair. Trend is where that one side of market is stronger and can move price in its side. We have 2 kinds of trend: 1) Spike(Breakout) 2) Channel which is weaker phase in comparison to Spike. In classic price action, market cycle is divided to 3 parts. I will explain each part with the signs. 1) Spike(Breakout) Phase: It's also know as Imbalance. Strongest part of market cycle which one side of the market is very strong and breaks many supports/resistances. This phase will be ended after first actual pullback. Signs are: Consecutive Bars - Gaps between bars - No Pullbacks or Small Pullbacks - Not much overlap between bars 2) Channel Phase: Another type of trend but weaker than Spike phase. Usually begins after first actual pullback. In the channels, the side that caused the spike is in control of the market. For example if we have bull spike, probability implies that we will have a bull channel after spike phase becomes finished. In both spike and channel phases only take with trend trades. I mean trade in direction of trend and not against it. Signs are: First Pullback - Deeper pullbacks - Higher Highs/Lows in bull - Lower highs/lows in bear / Overlaps between bars 3) Trading Range: Finally market will find the fair price and that's why we have trading range phase. Every channel will finally be broken from opposite side. First Opposite Breakout of channel, is usually a sign of trading range. In trading range phase both side of the market are trading so you can both buy and sell in trading range. Buy low at bottom of range and sell high at top of range. Signs are: First Breakout of Channel - You see both buy and sell setups - Too many overlaps - Horizontal Movement Some Examples: 1. EURUSD 2. BTCUSDT 3. XAUUSD
Education
by AmirSoraya
3
2 Types of Flags / Trading Range and Channels as FlagsWe have two flags in trading: First: Horizontal flags (Trading Range). These flags are the strongest type of flag. Horizontal flags indicate that the opposite side of the trend is incapable of creating a highs/lows opposite trend. Second: Flag with minor highs/lows. This type of flag is weaker than the first one. The opposite side of the trend was able to create the opposite highs/lows (Minor highs/lows). Flags Tips: 1) Before trading with flags, always check out the trend before them. Trends must be strong so the possibility of flag breakout increases. 2) After checking the trend before flag, check out the candles within flags. Less than 20 bars in Horizontal flags is acceptable but more than 20 bars make the market Neutral with 50-50 chance of breakout. Also in flags with minor highs/lows you have to check the latest major high/low and the opposite side must not reach that major high/low otherwise trend may be reversed. According to the points mentioned about flags, we examine the bitcoin chart: If we zoom out on the chart, we see a large trading range that we have already had a strong uptrend. This range is an ascending flag but has more than 20 candelabra, which indicates that both sides of the market are active. Within this range, a tight downtrend channel has formed over the past few weeks. It is true that we do not have a downtrend before this channel, but we consider it an ascending flag and expect it to break upwards.
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by AmirSoraya
90
Market Structure: Speed and Slope on Multiple TimeframesHey! Hope you are well! In this selection, there is a showing of the use of angles to measure the passage of time and price. In the first chart, the 30 minute chart, there is 40 units of time, and 40 units of price. The angle that is correspondent with this ratio spans to the end of the enclosed trend. In the next chart, the four minute chart, there is 40 units of time and 40 units of price. The angle that corresponds to this ratio spans only to the end of the first trend. However, the 8x1 angle stretches to the end of the full segment. By these examples, the concept of speed is meant to be shown. In each corresponding timeframe, there is a speed. For the daily chart, the speed is one day. On the five minute chart, the speed is five minutes, so in making forecasts, predictions, trendlines, and others, consider the speed. Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Williams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Oreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely
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by UnknownUnicorn27791825
Geometry: 90 Degree AnglesHey! Good day to you! In this chart, the resolution is not matched; the native is this chart. There is a 90 degree angle going down from the first impulse, and the intersection of the angle and the zero angle time the top. There is a 90 degree angle going down from the next impulse, and the intersection of the angle and zero time the next bottom. Enjoy! Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Dreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely
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by UnknownUnicorn27791825
TRADING WITH SIMPLICITY ALWAYS GIVES YOU COOL STATE OF MIND .In the starting days of my trading I was also searching for the holy grails and trust me , I blow my 80% of account to using all these holy grails and when I started to keep trading simple with only 3 points that are - 1) TREND 2) MARKET STRUCTURE 3) PRICE ACTION then it become so easier to be a successful trader and will only suggest you to work on it either you are a intraday trader or a swing this is the best and easiest method of trading . We will understand this process by the above example. In this chart there's a trendline coming from upside which I used as a parallel channel , when the price broke the L-1 line then I was only thinking to go short as the upper trendline channel has been tested 2 times so this could be the 3rd time may be a rejection could happen there's but as I said I'm a very conservative trader and looking for multiple confirmations so I didn't take the trade at 3rd POINT. But at the 4th time rejection I did it. Reason to trade there - 1) downtrend 2)bearish pattern of HEAD AND SHOULDER 3) price break the neckline as well as the major support level 4) with huge bearish engulfing candle Trade simple and captured a 25.7% move downside. I hope you all will understand what I want to say pure price action based trading is as simple as nothing to do with the indicators(I also used some indicators but that's a different kind of story and will tell in the next tutorial ). HAPPY TRADING NITIN (INDIA)
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by NITIN_YADAV
1
How To Trade Yen Pair With Ascending Triangle (CADJPY)Price closed above 90.334. Now, wait for a price action signal at 90.334. First price action signal is engulfing candlestick. Enter at 90.505. Second price action signal is engulfing candlestick. Enter at 90.538. Set Take Profit at 91.185. Set Stop Loss at 90.312. The Reward:Risk Ratio is 2.86. Note: The EMA 10, EMA 20, and Trend Line have a positive slope. The higher low touches the Horizontal Support, EMA 10 Support, EMA 20 Support, and Trend Line Support.
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by TradeLive-
9/5 Strategy TutorialAfter the broken trend channel, we are looking for an opportunity to trade at 0.50 and 0.618 fibonacci levels. You can search for withdrawals for safer transactions. Stop loss above 0.382 Fibonacci level, take profit levels 1.618 Fibonacci level. Kırılan trend kanalının ardından 0,50 ve 0,618 fibonacci seviyelerinde işlem yapma fırsatı arıyoruz. Daha güvenli işlemler için geri çekme arayabilirsiniz. 0.382 Fibonacci seviyesinin üzerinde zarar durdur, 1.618 Fibonacci seviyesinin kar al seviyeleri.
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by cryptofreezone360