Uptrend HH and HL Trading examplehow to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price retest this zone and break the HH and again retest the HH as a support .
Tutorial
Win rate. How to stay if profit zone...This painting is quite simple, but many novices can't use it because they don't have the patience.
So, they close their profitable positions with 1/1 or 1/2 risk/reward ratio.
But hold losses for a long time.
Hope this post will save your money and time.
You can be in profits even with low persentage of successfull trades but as you see only with 1/5 ratio!
Keep calm! Use predictable ratio! Become better every day!
Push like and write your comments.
Thanks for your support!
NEM-XEM/USD 2666000% Trend Figures Psychology of a hamster 2-666In this training / trading idea, I showed the whole history of the price chart of this scam coin of high capitalization.
Pay attention to the increase in prices by 2666000% (26660 hamster X) for 2 years from January 18 (6 + 6 + 6) (01) 2016 to January 1 (01) 2018.
What strange figures are 2 years of an uptrend and an increase of 2-666-000%. Is it really a coincidence?)))) I think who truly understands what the number 666 means, and not through the religious prism of brainwashing, then everyone understands that there is no coincidence here.
Please note how, according to all the rules of technical analysis, all the patterns on the price chart worked out:
Lateral movement.
1) accumulation channel. (a breakthrough of resistance and the beginning of an uptrend).
Uptrend. +2666000%
2) ascendant pennant. (formation of the pennant web and pulse development to the height of the flagpole).
3) an ascending triangle. (bullish pattern, working off to the height of the triangle).
Downtrend. -98%
4) a downward wedge. (formed).
Entrance to the market.
Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the downward wedge. Fixing the price above the downtrend main trend will mean a trend reversal and luring a new batch of “hamsters”.
Formerly hamsters who believed that they would become very rich in the near future, as a rule, after a while they sold at very low prices or so, when their faith to become a milleon was beaten heartbroken and disappointed.
A descending wedge is drawn very beautifully. The instrument is merged by -98% from the high. Super profits for a real trader and a skating rink for a believing hamster. Perhaps "soon" will be a trend reversal.
As you can see, the older the time frame, the more clearly the patterns are worked out and it is easier to predict the price movement.
Large timeframes are well suited for positional trading.
But it is very important that a crypto project, even if a scam, were people with big money who are interested in continuing to imitate the development of the project.
For example, how is this cryptocurrency NEM (XEM). It is very important that you can work not only long, but also short on margin trading. This allows you to earn on the downtrend of the coin.
But, nevertheless, in such coins you always need to withdraw a large part of the profit, and to continue to work with a complex percentage to get a new potential profit.
At one time, I had a rather significant loss of money when a tool like NEM suddenly evaporated. I traded coin for about 8 months. Several times increased profit from the original amount. With each profit, a part brought profit from the market. But at one point, the project "closed", tokens were removed from the exchange, trading stopped. As a result, the loss of a full position did not mean a loss, but a loss from profit, as I always deduced part of the profit. But if all this time I only accumulated coins (increased the amount), all profits would have turned to zero. And most importantly, it would be a pity for the lost time to trade this coin. Time has no price, it is priceless.
Therefore, always remember no matter what the true legend and imitation of the development of the project, you can never predict with 100% probability what those or other people who created the project will do.
On this coin NEM (XEM). They launch the Catapult technology on their blockchain for believing fools from 2017 before each secondary uptrend or during the downtrend to stop sales and give believers another sip of the sweet lie of hope.
Since 2017, they announced the launch of the catapult 6 times, they did not even change the legend. Why? The hamster is not a mammoth, it will not die out. In addition, hamsters have a complete loss of memory about events 1-2 years old.
This "technological coin" from
the maximum price fell -98%! Believers in becoming a millionaire in a year are likely to experience wild horror and misunderstanding! In the end, they were secretly told on the Internet that they needed to “manage to buy” this coin, otherwise the chance to become a millionaire in 1-2 years would be missed.
A person going to work from day to day from 8: 00-17: 00 with hard / not hard work, gets a salary, debugs money. For example, during the year he saved up $ 1,000 for investments. And then he heard “in confidence” that you can simply buy a certain coin and become a millionaire in 1-2 years. He was delighted because he believed that he would become very rich! He will no longer need to go to work every day!
And now, after 2 years, he discovers that with his invested amount of $ 1,000 in a promising technological coin for a comfortable life, only $ 20 is left !!! Everything acquired and delayed by hard work has simply depreciated! Indeed, for 2 years from 1000 to receive minus 98% of the investment is something. From $ 1,000, only $ 20 is left . But the investor proudly calls himself a "holder" !
The future millionaire is in shock. How did this happen? In the end, very clever experts from YouTube and telegrams showed him a price increase of 2,666,000% and said that the price would go up forever! Even if the investor - “holder” bought earlier, he does not sell at all! After all, he needs even more! After all, only stupid traders sell, holders always hold on to the end!
This hamster in the bull market had an opinion about himself that he was also an expert and professional. He considered himself very smart and experienced, smarter than other newly arrived hamsters for slaughter. The trend has changed, and the "smart investor" has become a deceived fool.
A stream of hamsters in cycles.
Some "die" - others are "born."
The hamster is not a mammoth, he will not die out.
I think the training article below will be very useful for those who "got into one of the thousands of promising crypto scam projects" and understand the complexity of the situation.
We make losing trades profitable. Martingale + Position Trading.
For true “lazy hamsters” those who like to buy everything indiscriminately at the market are forbidden to use martingale. This method in such hands still fast will lead to a drain of the deposit. Read the work of this trading method in the description.
Those people who are sure that success in trading depends on only one successful purchase and after a while to sell it many times more expensive is doomed to annul its deposit. This is what most think. So this is an erroneous opinion. Thanks to this belief of the majority, the minority earns.
NEM-XEM/USD 2666000% Trend Figures Psychology of a hamster 2-666In this training / trading idea, I showed the whole history of the price chart of this scam coin of high capitalization.
Pay attention to the increase in prices by 2666000% (26660 hamster X) for 2 years from January 18 (6 + 6 + 6) (01) 2016 to January 1 (01) 2018.
What strange figures are 2 years of an uptrend and an increase of 2-666-000%. Is it really a coincidence?)))) I think who truly understands what the number 666 means, and not through the religious prism of brainwashing, then everyone understands that there is no coincidence here.
Please note how, according to all the rules of technical analysis, all the patterns on the price chart worked out:
Lateral movement.
1) accumulation channel. (a breakthrough of resistance and the beginning of an uptrend).
Uptrend. +2666000%
2) ascendant pennant. (formation of the pennant web and pulse development to the height of the flagpole).
3) an ascending triangle. (bullish pattern, working off to the height of the triangle).
Downtrend. -98%
4) a downward wedge. (formed).
Entrance to the market.
Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the downward wedge. Fixing the price above the downtrend main trend will mean a trend reversal and luring a new batch of “hamsters”.
Formerly hamsters who believed that they would become very rich in the near future, as a rule, after a while they sold at very low prices or so, when their faith to become a milleon was beaten heartbroken and disappointed.
A descending wedge is drawn very beautifully. The instrument is merged by -98% from the high. Super profits for a real trader and a skating rink for a believing hamster. Perhaps "soon" will be a trend reversal.
As you can see, the older the time frame, the more clearly the patterns are worked out and it is easier to predict the price movement.
Large timeframes are well suited for positional trading.
But it is very important that a crypto project, even if a scam, were people with big money who are interested in continuing to imitate the development of the project.
For example, how is this cryptocurrency NEM (XEM). It is very important that you can work not only long, but also short on margin trading. This allows you to earn on the downtrend of the coin.
But, nevertheless, in such coins you always need to withdraw a large part of the profit, and to continue to work with a complex percentage to get a new potential profit.
At one time, I had a rather significant loss of money when a tool like NEM suddenly evaporated. I traded coin for about 8 months. Several times increased profit from the original amount. With each profit, a part brought profit from the market. But at one point, the project "closed", tokens were removed from the exchange, trading stopped. As a result, the loss of a full position did not mean a loss, but a loss from profit, as I always deduced part of the profit. But if all this time I only accumulated coins (increased the amount), all profits would have turned to zero. And most importantly, it would be a pity for the lost time to trade this coin. Time has no price, it is priceless.
Therefore, always remember no matter what the true legend and imitation of the development of the project, you can never predict with 100% probability what those or other people who created the project will do.
On this coin NEM (XEM). They launch the Catapult technology on their blockchain for believing fools from 2017 before each secondary uptrend or during the downtrend to stop sales and give believers another sip of the sweet lie of hope.
Since 2017, they announced the launch of the catapult 6 times, they did not even change the legend. Why? The hamster is not a mammoth, it will not die out. In addition, hamsters have a complete loss of memory about events 1-2 years old.
This "technological coin" from
the maximum price fell -98%! Believers in becoming a millionaire in a year are likely to experience wild horror and misunderstanding! In the end, they were secretly told on the Internet that they needed to “manage to buy” this coin, otherwise the chance to become a millionaire in 1-2 years would be missed.
A person going to work from day to day from 8: 00-17: 00 with hard / not hard work, gets a salary, debugs money. For example, during the year he saved up $ 1,000 for investments. And then he heard “in confidence” that you can simply buy a certain coin and become a millionaire in 1-2 years. He was delighted because he believed that he would become very rich! He will no longer need to go to work every day!
And now, after 2 years, he discovers that with his invested amount of $ 1,000 in a promising technological coin for a comfortable life, only $ 20 is left !!! Everything acquired and delayed by hard work has simply depreciated! Indeed, for 2 years from 1000 to receive minus 98% of the investment is something. From $ 1,000, only $ 20 is left . But the investor proudly calls himself a "holder" !
The future millionaire is in shock. How did this happen? In the end, very clever experts from YouTube and telegrams showed him a price increase of 2,666,000% and said that the price would go up forever! Even if the investor - “holder” bought earlier, he does not sell at all! After all, he needs even more! After all, only stupid traders sell, holders always hold on to the end!
This hamster in the bull market had an opinion about himself that he was also an expert and professional. He considered himself very smart and experienced, smarter than other newly arrived hamsters for slaughter. The trend has changed, and the "smart investor" has become a deceived fool.
A stream of hamsters in cycles.
Some "die" - others are "born."
The hamster is not a mammoth, he will not die out.
I think the training article below will be very useful for those who "got into one of the thousands of promising crypto scam projects" and understand the complexity of the situation.
We make losing trades profitable. Martingale + Position Trading.
For true “lazy hamsters” those who like to buy everything indiscriminately at the market are forbidden to use martingale. This method in such hands still fast will lead to a drain of the deposit. Read the work of this trading method in the description.
Those people who are sure that success in trading depends on only one successful purchase and after a while to sell it many times more expensive is doomed to annul its deposit. This is what most think. So this is an erroneous opinion. Thanks to this belief of the majority, the minority earns.
XAUUSD in route for a nice retracement? Working the Fibonacci with Pivot Standard for gold, these are the areas of interest as you can see along the resistance and support lines. Switching between all time frames will give you a more accurate picture, currently strong support at 1861 has been shown. There was price rejection previously on 1870,1874 and now 1877(1876.74 depending on your broker).
Now patiently waiting for an ultimate entry point for this retracement, will it have enough momentum to break 1877 resistance? lets find out. Do not go full FOMO mode and impulsively enter a trade, wait for the correct entry point and remember to always follow the trend never trade against it.
Overall we are still bullish on gold with retracements being shown by Fibonnaci along the different time frames. Ultimately an entry at correct retracement will give the best result here, keep up with Fundamentals along the analysis because they have a huge impact on gold.
If you liked the chart please leave a like and and check my previous ideas for more info. We are in this journey together and everyday is a learning experience, if you have any trading ideas leave in the comments!
KEY LEVELS
R3 1914.13
R2 1893.15
R1 1882.63
PP 1861.65
S1 1851.13
S2 1830.15
S3 1819.63
This analysis is for educational purposes, this is not a financial or investment advice .
XAUUSD in route for a nice retracement? Watching this retracement closely as we embark on another voyage with gold this year.... how low can we go? (1860-1830's would be ideal)
Like this chart if it brought a smile to your face in this stressful day :D OANDA:XAUUSD
I am having a bit of fun while doing my analysis with this chart, it is good for the heart. I will be posting more thorough analysis from here on
Gold overall trend is bullish(Monthly chart), I believe there won't be a correction until a Vaccine for Covid is passed or around elections.
This chart is for educational purposes, this is not an investment advice.
Multi Timeframe Analysis - different supply/demand levelsHello all,
this lesson will be about my monthly/weekly, daily, 4h etc. supply/demands critical areas, so you can get a better idea why i use them. After you know the most basic thing about my analysis, we can start with the next baby steps in understanding price direction.
This also goes for all of the structures such as closed triangles, trendlines etc. on the higher timeframes.
I prefer using the term "supply and demands" since it is the correct one in economics. In other words supply and demand can be seen in every single product that is offered in a market.
Sorry for my mistakes, it took me more than 15 recording in order to get this one. Thank you!
Have a great trading week!
Gold off to another take off?OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines, support, pivot standard, and Fibonacci levels. It is a great time to be alive and see gold with a support at 1883 on the 15 min chart, make sure to go through all time frames for stronger levels.
Fundamentals are also at play here since no good news surfacing the planet yet. There is a list of good news headlines to watch out for that could make this downtrend: Covid-19 Vaccines; End of Recession; DXY uptrend; US Elections,which we will probably see August or September.
When you have two or more levels come together at a certain point on your chart that is called confluence zones, they can further validate the areas.
If you liked the chart please leave a thumbs up and check my previous analysis as it will motivate me to continue. Have a great weekend & Happy Trading!
About my style of analysis, I like a simplistic route of Naked Forex and Candlestick patterns. I do combine tools, but I don't like to base my analysis on indicators alone even though they are great help for confirmations sometimes.
While embarking on this trading journey remember to pick whatever style works for you, everyday is a learning experience. If you have any trading ideas please drop in the comments.
This chart is for educational proposes only, this is not financial advice.
KEY LEVELS
R3 1937.47
R2 1917.95
R1 1902.75
PP 1883.23
S1 1868.03
S2 1848.51
S3 1833.31
Plan Your Trades BEFORE Market OpenBefore the trading day starts its imperative to have a plan. This will keep you from making decisions on-the-spot which are usually emotionally driven. We all suffer from our emotions affecting our trading, so we need to do everything we can to limit these affects.
Make sure you are taking into account support and resistance on the monthly, weekly, daily, and 4 hour chart. You can drill down further to using 1 hour and 5 minute, or even a 1 minute or 30 second chart, but first you must have the other time frames charted out.
Make sure you only draw support and resistance lines that will trade on. Anything else is just noise and a distraction. Many new traders draw trend lines and support lines everywhere they see them, which will later overwhelm the trader and make it impossible to trade.
When you draw a trend line or support/resistance line, Tradingview gives you the option to select which time frames they appear on. So if you don't want your 5 minute trend lines appearing on your monthly chart, I suggest creating a template called "5 Minute" for trend lines and unchecking the higher time frames. This will give you a much cleaner chart.
I use arrows to dictate where I will long and short. I move them later into the day if they happen to get in the way.
If this helped you in any way, please leave a like and follow!
FAIRCHECM SPECIALILTY - BAT PATTERNFairChem Speciality daily chart has a Bat Pattern Probability
Bat pattern is the most common and frequent pattern among all other harmonic patterns and the best part is,it gives you a better risk: reward ratio.
.886 Fib Retracement of XA leg and 2.618 projections of BC leg , whenever these two ratios aligns in close proximity, it provides a tight zone to execute a trade entry with good risk reward ratio.
ADA USDT - Symmetrical Triangle Breakout (Tutorial and Trade)~~SYMMETRICAL TRIANGLE BREAKOUT TRADE TUTORIAL~
This Cardano ADAUSDT setup gives us a text book example of a Symmetrical Triangle Breakout.
These chart patterns hit their target 69.5% of the time in bull markets.
A Symmetrical Triangle can be identified when price forms Lower Highs and Higher Lows.
Price action will occur between two sloping trend lines that eventually intersect.
This pattern is 30 days into forming, and we can measure 40 bars from beginning to apex.
Symmetrical Triangles will generally breakout at 73% pattern completion, so at 75% this is perfect.
Targets can be calculated one of two ways.
Method One: Subtract the Lowest Low from the Highest High in the formation.
Add this difference to the closing price of the candle that breaks out.
Price generally reaches the target within a month.
Method Two: Symmetrical Triangles can act like pennants and flags.
This means they can mark the half-way point for a larger market movement.
In that scenario, we can measure from the previous Swing Low to
the Swing High that begins the triangle.
Here is a chart example of Method Two, where the Symmetrical Triangle acts as the midpoint of a larger measured movement.
Rules for Trading Symmetrical Triangles
1. Symmetrical Triangles generally breakout in the direction of the trend. That is, if price was moving up before the triangle formed it is more likely to break to the upside.
2. Wait for the breakout! Always wait for the breakout. Once price breaks out, trade with the trend.
3. Watch for busted patterns. Sometimes, price can breakout in the opposite direction from which you intended. When this happens, watch to see if price reverses soon and begins heading in your original direction. Trading these setups can be profitable.
4. Watch for price to stall out in the direction of the breakout. If price struggles to get more than 5% away from the breakout,then consider exiting the trade and re-entering on greater volume or momentum.
When price stalls, it often reverses.
I hope you enjoyed this Symmetrical Triangle Tutorial and Cardano Trade Setup. Trade safely!
the swap window When can I swap? And when does the swap window close?
About 4 months from the start of the contract initialization for users to swap their tokens.
The contract was initialized at timestamp 1,589,485,972 and will allow at least 9,676,800 seconds (about 4 months) to do the swap.
This means that the swap window will be opened until September 3, 2020 7:52:52 PM UTC, at the very minimum (1,589,485,972 + 9,676,800 = 1,599,162,772 UNIX).
New Pine Updates - Line.get_price(), label styles and much moreHello,
This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features:
- line.get_price() - a function used to get the price of a line object on the chart at a specific bar value
- label styles - how to use the new styles added into Pine for your labels
I also discuss some other new features such as:
- label tooltips
- the addition of Candlestick patterns as built-in indicators on the platform
- syminfo.basecurrency
- timezone parameter when getting a bar's time
Thank you!
'Position Sizing' for beginners - XAUEURIn this example I'm gonna show you how important is the entry point.
With same levels for stop-loss and take profit, one position will give you the opportunity to earn 3 times more than the other.
It doesn't mather if the position is a loss or a win, I just want to visualy show you the importance of the entry.
Forex Price Action AnalysisHere we have Really good Setup and price also holding Very well
1) we have very big Wick (shadow) Candle this is the alert time in any trade.
2) we have doji which is for reversal (not all the time) but Volume is good
3) we made bullish candle and bouncing from Support support is Solid.
so when we find the good Support we are ready to buy the retest as always so here we are buying the retest with stop loss below Support
so here we got really decent profit with very small stop loss. and good gain
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
Blox Will Also Move (How To Trade, General View)Patience is the key to success while trading, also having a plan before getting started... You can ask me, I learned the really hard way.
Looks like Blox (CDTBTC) it's done consolidating since prices are already moving above EMA50 (magenta line).
Since the first break of support in March, we have a wait of 70 days, for many people this is a very long time and they fail to wait, hoping to switch around and earn a fast buck.
It turns out that once you move out of a trade out of greed/desperation, the next one takes longer and the one you just sold starts to grow.
So think twice about how much you would wait before jumping in...
What to do if prices go down?
What to do if prices go up?
We always use a stop-loss, average around 15%-35%, and set our sell orders on target before the prices start to move up.
If prices drop we close the trade.
If prices move up we collect profits as the orders filled up.
I am just sharing my experience...
Make sure to do your own research...
And I wish you lots of success, health, wealth & love.
Namaste.
How a RETEST works - with Trade IDEA - Pullback explained(Note for professional Traders: If you have some experience on this strategy or
if you feel like something is missing, please comment, so everyone can benefit from it :) Thanks in advance!)
Hi Traders!
Have you ever been in this situation:
The market is clearly in an Uptrend.
Big, Green Candles moving up.
Making higher highs and lows.
Breaking all the major Resistance.
Because of all of this, you hit BUY.
Now...
The market makes a 180° U-turn.
You see your trade is losing.
The Big green candles are now red candles.
Falling towards the Support.
Let's move on...
You think, the Up-Trend is over now.
You now see some red candles in the chart.
You think the trend has changed.
You want to be the one how rides the huge Down-Trend.
You hit SELL.
OK...
The market uses this Support and is Continuing the Up-Trend!
Ouch :(
So, in this idea you'll discover what those so called "Retests" are.
Ask yourself: When does a Retest occur?
If you think correctly, you might have a picture of a breakout in your head.
This Breakout can be anything:
Support and Resistance
Trendline
Fibonacci Levels
Parallel Channel
SMA 20, 50, 200 ...
EMA or other trending indicators
etc. think of anything
After the Breakout the Retest can occur at any time.
NOTE: A Retest does not occur on every Breakout! The market occasionally breaks out without a Retest.
Here we listed some "sorts" of the Retest:
The "classic" Retest
This is the kind of Retest which you can find in every trading book.
Let's get an example:
The market just broke out from major Resistance.
Since there is price action in the movement, the price even moves a few pips further.
It suddenly stopped, made a 180° U-turn and it makes a Pullback.
It tested the previous Resistance (now it is a Support) and continues higher.
What you can use to predict the Retest is over:
- use the 20MA
In a strong Trend the 20MA is often the key level many traders are watching.
So if you notice that the market and the 20MA are far away from each other, than wait for a Retest.
If both are touching each other, the market often continues higher.
- use false breakouts
If you notice that the Support gets broken and fastly comes back, this is a sign that bullish power exists.
Buy the False Break.
- use other indicators
It is also possible to trade it with Bollinger Bands or Parabolic SAR...
The long Retest
As you can see in the third example of the chart, the market broke out and immediatly retests the trendline.
Then it moved very long on the other side of the trendline and finally moves further.
If you zoom in, you can notice a little Trendline which gets broken.
This could serve as an Entry Trigger.
Watch out for other sorts
These Retests can - as every pattern in trading - come up in every kind.
You have to watch it yourself!
In the chart of USDCAD we highlighted three (potentially four) Examples of the Retest.
We hope that we helped you with this idea.
Please like, follow and comment!
Thanks and successful Trading :)!