GBP/USD and EUR/NZD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above either our upper trend line or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price impulses back into our expanding pattern convincingly after giving us a third touch, I'll simply be waiting for a subsequent tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price impulses back into our expanding pattern convincingly after giving us a third touch, I'll simply be waiting for a subsequent tight flag where I'll be looking for a reduced risk entry on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If price impulses back towards our expanding pattern after giving us a third touch, due to personal preference I'll not be looking for any entries on the break of a subsequent tight flag, regardless of with the impulse is convincing or not if the flag forms either through or above our rayline.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
Tutorial
USD/CAD, GBP/USD and EUR/NZD on watch for me today.USD/CAD:
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD:
• If price pushes up to and ideally just above our upper rayline line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above either our upper or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our upper rayline line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above either our upper or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
New Char LayoutHere is a little bit about my set up:
1. I changed the background color, candle (body and wick) colors and general appearance in the "Settings tab".
2. Added an indicator to remind of the sessions.
3. Starred my favorite tools for easy use.
4. I used the "Save Drawing Template As..." feature to save what I use frequently on every tool.
*This post is for new users. These were my must do's before I even thought of trading with trading view. Hope this helps!
*My confirmations are not posted.
GBP/USD and EUR/JPY on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/JPY:
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our rayline line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• However if the correction doesn't quite reach our upper trend line but it meets my entry criteria, then I'll be using the trend line as a shield by hiding my stop loss above it just encase price trickles up a little further before retracing.
• If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
If price pushes up to and ideally just above our rayline line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
If price pushes up to and ideally just above our rayline impulsively and it doesn't give us an entry, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our rayline impulsively and it doesn't give us an entry, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
However if the correction doesn't quite reach our upper trend line but it meets my entry criteria, then I'll be using the trend line as a shield by hiding my stop loss above it just encase price trickles up a little further before retracing.
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place any of these trades.
EUR/AUD and GBP/USD on watch for me today.EUR/AUD:
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our raylines, then I'll be hiding my stop loss above both raylines as illustrated for extra protection.
I'll not be getting involved if the flag that forms after a subsequent push back up to our upper rayline followed by a convincing push down forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
GBP/USD:
If price pushes up to and ideally just above our rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
I'll not be getting involved if the flag that forms after a subsequent push back up to our rayline followed by a convincing push down forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/USD, EUR/JPY and AUD/JPY on watch for me today.AUD/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/JPY:
I'll be looking for reduced risk entries if price pushes down below our rayline and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes down below our rayline and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes down and then forms a tight flag either through or above our rayline as illustrated I'll not be placing a trade.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD, AUD/USD and EUR/JPY on watch for me today.EUR/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY and EUR/USD on watch for me today.EUR/JPY:
If price pushes up to and ideally above our upper rayline I'll be looking for a convincing impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If the flag forms a little lower than in the example to the left I'll use the lower rayline as a shield by hiding my stop loss behind it for extra protection.
If price pushes up to and ideally above our lower rayline I'll be looking for a convincing impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD:
If price convincingly breaks below our descending correction I'll be looking for a reduced risk entry on the break of a more confirmed one hour tight flag.
If price convincingly breaks above both our descending correction and our rayline I'll be looking for a reduced risk entry on the break of any kind of tight flag.
If price impulses above our descending correction and flags below or even through our rayline I'll not be looking to place a trade.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY and EUR/USD on watch for me today.EUR/JPY:
If price pushes up to and ideally above our upper rayline I'll be looking for an impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If the flag forms a little lower than in the example to the left I'll use the lower rayline as a shield by hiding my stop loss behind it for extra protection.
If the flag doesn't form below our lower rayline I will not be interested in taking this trade.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD:
If price convincingly breaks below our descending correction I'll be looking for a reduced risk entry on the break of a more confirmed one hour tight flag.
If price convincingly breaks above our descending correction I'll be looking for a reduced risk entry on the break of any kind of tight flag.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
Updated: Bitcoin is bullish still yet!!!Hello guys, as today we reach out target at $10,600 USD, congraluations for you because my work is speak a lot what am I. So, basically Bitcoin is confirmed that we are into this bullish channel, at the moment we are not signal to continue because yesterday I mentioned at night that Bitcoin is formed a bullish channel, and I send you at night this alert and waoh, my work is speak a lot what I make. So guys, we hope that Bitcoin continue or we could to check on H1 timeframe is there will being a little drop position on the channel to buy at the support line, its important for you to buy on the channel and not to sell in the agains the trend, in that case is bullish.
That I explain my mini-class to pay attention this manipulation strategy. I'm a trading's monster, jaja, but my strategy work better!!!
So, we continue updtated!!!
The Butterfly Pattern, Tutorial (Basic)The Butterfly pattern, is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program.
The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998.
The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general, the AB=CD Pattern will possess an extended CD leg that is 127.2% or 161.8% of the AB leg.
How to trade EMA
How to trade EMA
timeframe : 4 hour
Chart : MANABTC
price is holding 100 EMA (7 candle holding perfectly)
Good bounce off EMA 100 that's the good sign .. sideway accumulation complete
Bounce is confirmation wait for retest ( we made bounce they are ready to move pump it added many new buyer and than again dump it and after filing order taking it higher )
>buy retest of breakout of the bounce
make profit
The Gartley Pattern, Tutorial (Basic)The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935.
The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998.
The pattern incorporates the 78.6% retracement of XA, as the defining element in the Potential Reversal Zone (PRZ).
The B point must be at the 61.8% retracement of XA. The Gartley utilizes a minimum 127.2% projection of BC.
In addition, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 78.6% retracement of XA and the BC projection.
HEAD AND SHOULDER PATTERN ON GBP/JPY - June 2020YO TRADERS,
This is just an educational post.
Just thought of sharing how this HnS pattern formed and moved in the direction as expected. The video recorded is self explanatory on the formation of the pattern (Left shoulder - Head - Right Shoulder) formed between 3rd June 2020 and 11th June 2020.
As you can see in the video this is perfect HnS pattern forming on the 4H pattern. While this pattern is a perfect text book example, HnS patterns do not always turn up like these. But when they do its important to make the most of it.
After taking entry at the Neckline and price rejection the price moved 450+ pips in the downward direction before moving up again from the daily trendline. This is a positional trade and to achieve the max out of this you had to hold on to this trade for at least 10 days. The best way to maximise this was to use a trailing stop and then chill.
Hence, its always important to look out for such patterns being formed and most importantly identify them.
The no of trades you take are not important but the quality of one trade and riding on the profitable trade like this can make you a successful trader.
Hope this was useful.
Please like, share, comment and follow.
Thanks
Madtradex
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 .
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!