Get started

Tutorials

NZD/USD and GBP/USD on watch for me today.NZD/USD: • If price pushes up to and ideally just above our rayline I'll be waiting for a convincing impulse back down below our upper trend line, where I'll be looking for a reduced risk entry on the break of a subsequent tight flag. • If price only pushes up to and ideally just above our upper trend line I'll still be happy to wait for a convincing impulse back down, where I'll again be looking for a reduced risk entry on the break of a subsequent tight flag. • If price pushes up to or above our rayline and then it impulses back down convincingly or not I'll not be looking for any entry on the break of a subsequent flag, if the flag forms either through or above either our rayline or our upper trend line or through both. • 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: • If price impulses back down convincingly below both of our raylines I'll be waiting for a tight flag, where I'll be looking for a reduced risk entry on the break of the flag. • If price impulses back down convincingly below both of our raylines I'll be waiting for a tight flag, where I'll be looking for a reduced risk entry on the break of the flag and if the flag forms just below our lower rayline then I'll be hiding my stop loss above it for extra protection as illustrated. • If price impulses back down convincingly or not I'll not be looking for any entry on the break of a subsequent flag if the flag forms either through or above either of our raylines. • 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.
Short
by StewySongs
4
GBP/USD and NZD/USD on watch for me today.GBP/USD: • If price impulses back down convincingly below both of our raylines I'll be waiting for a tight flag, where I'll be looking for a reduced risk entry on the break of the flag. • If price impulses back down convincingly below both of our raylines I'll be waiting for a tight flag, where I'll be looking for a reduced risk entry on the break of the flag and if the flag forms just below our lower rayline then I'll be hiding my stop loss above it for extra protection as illustrated. • If price impulses back down convincingly or not I'll not be looking for any entry on the break of a subsequent flag if the flag forms either through or above either of our raylines. • 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. NZD/USD: • If price pushes up to and ideally just above our rayline I'll be waiting for a convincing impulse back down below our upper trend line, where I'll be looking for a reduced risk entry on the break of a subsequent tight flag. • If price only pushes up to and ideally just above our upper trend line I'll still be happy to wait for a convincing impulse back down, where I'll again be looking for a reduced risk entry on the break of a subsequent tight flag. • If price pushes up to or above our rayline and then it impulses back down convincingly or not I'll not be looking for any entry on the break of a subsequent flag, if the flag forms either through or above either our rayline or our upper trend line or through both. • 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.
Short
by StewySongs
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.
Short
by StewySongs
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.
Short
by StewySongs
2
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.
Short
by StewySongs
2
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.
Short
by StewySongs
2
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.
Short
by StewySongs
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.
Short
by StewySongs
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.
Short
by StewySongs
2
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.
Short
by StewySongs
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.
Short
by StewySongs
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.
by StewySongs
2
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.
by StewySongs
MTL/BTC Channel + local trending. 9 months - 5 pumps + 100-220%MTL / BTC Work in the accumulation channel + from local trend lines. Important reversal areas. For 9 months in the horizontal channel there were 5 pumps + 100% + 150% + 50% + 100% + 220% In real work in the channel by averaging, you can take profits from 60% to 80% of each movement. The coin is not a "promising technological derma" for believing crypto hamsters. Coin "perspective scam" for making real money. I showed the logic of the work on the chart, I also have several ideas for training and articles on this topic, I won’t repeat myself. Volatility is the quality of a trading instrument that, when used skillfully, can inflate your trading deposit to indecent sizes. Also on such instruments, do not forget to withdraw part of the profit from the exchange after each pumping of the price. It is very important. Greed begets poverty. In such highly volatile instruments as in any other cryptocurrencies, sooner or later the time will come for the evaporation of the object of faith of fools (the disappearance of the project). Therefore, it is very important to always cash out part of the profit. Work the rest of the amount by increasing the working volume with a complex percentage. And from here the big next potential profit. Remember, no matter how much virtual money you earn on the exchange, without converting into real money, your profit is always zero A similar coin with such volatility for making real money in a short KIN time. + 111% + 140% + 80% + 160% The work is similar. I showed all movements in advance on this coin, all in related trading ideas, I will not repeat. Kin profit for 3 months of work + 111% + 140% + 80% + 160%. Do not be theorists, but be practitioners. A theory without practice is zero. Only the "weight" of your deposit matters. Everything else is "water." I also emphasize that most of the crowd is waiting - lazy people, they have always been, are and will be outsiders. This is fuel. Do not be him. More information about the trading and not only in my telegram channel SpartaBTC.
Education
by SpartaBTC
4
Identifying support and resistance levels for swing tradingSupport and resistance are essential levels for all traders in swing trading. Before one can start placing orders on the buy/sell side, these key levels will form the battlefield for buying or selling. In the video above, I will show you how to identify the support and resistance levels for swing trading so that you can buy near the support and sell near the resistance to maximize our profit while keeping risk exposure low, to have a better reward to risk ratio.  Depending on your strategy, preference and personality, you always have a choice to participate the swing within the range or in a trend. Swing trader always aim to catch the swing low as early as possible and sell when the swing is ended.  Resistance becomes support level once it was broken up. Always extend the support level to the right and pay attention if the price respect the support level. Do treat support as a zone/area instead of single line/level.
DJ:DJIEducation
by mingjong
12
5-0 pattern. Bearish + 20% and bullish model + 51% Real tradingI must say almost all of this movement I took. Short + 8% (instead of 20%). At long + 55%, entry into the long was lower than shown in this example. I will attach the trading idea for which I worked below. She was published here on January 22. I used other methods of analysis and work, but I used this method that I want to talk about as evidence for my methods. The graph shows a bearish pattern , which immediately turns into a bullish 5-0 pattern, a very rare phenomenon. And that's why I decided to make this idea of ​​training. I want to say that the 5-0 harmonious pattern is very widely used in other markets, rarely in the cryptocurrency, due to the very low professional preparedness of the participants in this market. Trading in this pattern can be either profitable or unprofitable, in the first place it depends not on the method itself, but on the person who uses this method. The 5-0 pattern is effective in areas of potential trend reversal. Just the pair ETH / BTC was in such a zone. The profitability of trade largely depends not on the method of trading, but on the ability to use it. ________________________________________ A bit of history. Harmonic patterns are the development of the idea of ​​ordinary geometric patterns, using Fibonacci levels to more accurately determine pivot points . By the way, I almost never use the Fibonacci levels, as I see without them, what they show. For beginners in trading, it is better to use them. By the way, who did not know initially in the father of harmonious trading Harold Gartley there were no Fibonacci levels. Only more than 80 years after the creation of the theory and the successful application of Larry Pesavento in practice, did Scott Kearney begin to pervert and sculpt exact numbers for each pattern that are far from real application on the market. It’s not customary to talk about this, but their main business is not real trading, but selling books, unlike Harold Gartley , who was a successful trader in the 20-30s during the Great Depression and became a millionaire! This is not an imaginary millionaire trader, a seller of courses and books, but a real trader who made all his fortune on real trading. In mid-1935, Harold published his best work and the first book, which, translated into Russian, was called "Profit in the Stock Market." The initial circulation of this book totaled only 1,000 copies. This book was very popular among traders, despite its very high cost. The book was worth 1,500 dollars, at that time it was possible to buy three new Ford cars for this amount. This is many times higher than $ 1,500 nowadays. One fact is that his books, which were being sold at the height of the Great Depression, let us understand how high authority he enjoyed among the people of the world of finance. The name of the pattern is Gartley Butterfly , which bears the name of its discoverer. Already after the death of Harold, Billy Jones bought from Harold Gartley's wife the patent rights to the book “Profit in the Stock Market”, then continued to print it in large volumes. And a "perverse improvement" in working methods for making money on book sales started. That's why I have such a negative attitude towards such "specialists." You have to be, not seem to be. ________________________________________________ 5-0 pattern. Pattern 5-0 is the youngest harmonious model (it is a variation of it with the Fibonacci grid thanks to traders of books on TA). The model usually represents the first pullback of a significant reversal trend. This is a relatively new model with 4 segments and specific Fibonacci measurements of each point in its structure, which excludes the possibility of a flexible interpretation. Formation of the figure begins with a slight movement of the market, in the direction of a previously existing trend (segment AB), which was preceded by a comparable depth correction (XA). Point B, in this case, should not be higher than the level of 161.8% of point X. This is a fundamental point. If point B "goes" higher, then almost certainly the trader is dealing with short-term correction and the continuation of the existing trend. The segment of the aircraft, in relation to the segment AB, is formed in the range between 161.8% and 224%. The CD segment is a correction within the framework of an emerging trend. The correction depth (according to the classical pattern algorithm) should be 50% of the BC segment. 5-0 pattern template measurements: The segment AB should be from 1,130 - 1,618. before the XA extension. The segment BC should be a continuation of the segment AB from 1.618 to 2.240. Point D should be formed at the level of 0.5 segment BC . The segment AB must be equal to the segment CD, (AB = CD). _______________________________________________ There are bullish and bearish formations of this pattern on the market. The graph shows both variants of the 5-0 pattern. Bullish 5-0 pattern. As you can see, the structure of the price movement at the time of the formation of the 5-0 pattern is generally very similar to the model of the Dragon figure with the development of goals. I made the ideas of training on this model of a figure and will fix it in ideas under the article. Point 0 - the beginning of the downward movement, point X - the first correction upward, point A - the completion of the correction and the beginning of the fall down, point B - the end of the fall and the beginning of the strong upward movement, should be located at a level between 1.13-1.618 from XA, that the point C - the completion of a strong upward movement should be located between 1.618-2.24 from AB, point D is the end of the fall and the beginning of the upward movement, here we are trying to enter the market. The input should be at the level of 50% correction from the BC . Bearish 5-0 pattern. The structure of the bearish model of the 5-0 pattern is remotely similar to the model of an asymmetric head and shoulders or an inverted Dragon figure with a working out target. Point O is the beginning of growth and the beginning of the formation of the model, point X is the beginning of correction down, point A is the beginning of growth and completion of correction, point B is the end of growth, should be located at the Fibonacci projection level between levels 1.13-1.618, point C is the end of a strong fall and the beginning of growth, point D - completion of growth, the place where we should open a deal for sale should be at the level of 50% correction from the BC . Conservative traders are looking for additional confirmation before entering the trade. The 5-0 pattern can be either bullish or bearish . Goals can be set at the discretion of the trader, as the pivot point may be the beginning of a new trend. The common stop loss levels lie beyond the structure level beyond point D or the next important level for the Fibonacci sequence. _______________________________________ Objectives for this pattern. As it is a reversal pattern, which can act as a reversal pattern of the whole trend (the emergence of a new trend). You understand that there can be no clear goals, unlike simple figures. If you really get to the beginning of a new trend, the goals can be huge. It is important here not to exit the market prematurely. So that your profit does not turn into a loss, use the movement of stop-loss as the upward movement develops, but take into account the volatility of the instrument. In this example, on the chart on the ETH / BTC pair, you can clearly see what the goals for this pattern can be. The bearish model made a profit of + 20% Channel support stopped a further drop in prices. The bullish model made a profit of + 51% The first goal is the resistance of the rising channel + 18%, as we see the price there was delayed for some time. From this zone the reverse corrective movement to the support of the channel could take place. But, the price has successfully overcome this zone. In total, the profit is + 51% of the entry point (point D). In two models, the profit in theory was + 20 + 51% = + 70%. But the reality is different, I have a profit of + 8% + 55% = + 60% I rounded the interest for a better understanding, I will say one thing, there was no liquidity at the maximum to reset a significant position, and therefore the profit is much less than the theoretical one on the schedule. ______________________________________ Violations of the pattern 5-0 . More than any other pattern, the 5-0 structure presents a unique opportunity for decision making when the area of ​​opening positions breaks through. In all 5-0 models, the best moment to enter depends on various ratios within the structure. When trying to make a deal while forming an unsuccessful 5-0 pattern, the trader still needs to look at the prevailing trend and at models at smaller time intervals. Of course, the 5-0 pattern is not an ultra-precise model, and it may not work out even in the most correct situations on the market. What to do if the price has broken through all levels and left the channel, in such cases, the authors of harmonious trading offer quality ideas for opening positions. The first target in this case may be the area of ​​correction 0.886 from the entire movement. Therefore, if prices fell outside the channel and broke through the 50% area, then we should expect continued decline. ______________________________________ Advantages and disadvantages of pattern 5.0 Despite the popularity of this pattern, I would like to first consider the disadvantages of the pattern. The main of its shortcomings should be called the poor "recognition" of the figure. After all, not all formations in the real market, exactly correspond to the ideal book example. In this example, I used exactly the ideal option for the ease of presenting information, and a person who is interested in adding this pattern to his arsenal of trading can also look for more complex formations for work. I would advise beginners to look for ideal models for work, as they are more predictable. The developers and "popularizers" of the pattern emphasize its versatility. In their opinion, the pattern works with equal efficiency on any trading instruments and at any time intervals. If in the first part this statement is undeniable, then with regard to timeframes, the use of the pattern raises many questions. On short timeframes, this pattern is not effective due to the high content of "white noise" and which does not allow to clearly identify and build the boundaries of the pattern. Over long periods of time, the created corridor is so wide that, in fact, it can only indicate the direction of the trend (and even then in the long term). Thus, the efficiency of using this figure very much depends on the correctly selected timeframe. The ideal timeframe for work is 4 hours-1 day. Remember the most important thing, this 5-0 pattern is effective in areas of potential trend reversal. _____________________________________ I wrote above that I will attach trading ideas for this pair that I worked on. Which trading ideas made it possible to take profits in shorts + 8% and long + 55%. 1) This one worked in short when the head and shoulders formed. Published November 24th. ETH / BTC Pivot Points . Ascending Triangle - Head and Shoulders Result in short + 8% 2) The trading idea for which he worked in long. Published January 22. ETH / BTC Coin operation. Reversal zones. Double bottom . The result is now + 55%, the entrance was practically at the very minimum price when confirming support. Perhaps we will see a reversal of the main trend by ETH18, if the price closes above the downtrend line (red line). Also, in the idea of training on this graph, you probably all noticed which figure is being formed and how much you can earn from fulfilling its target. Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. From the pixels of thinking of individuals, a way of thinking of the crowd is created. Thanks to the thinking and desires of the crowd, we earn. The more stupid a society is, the higher the percentage of earnings in it is smart. To earn, you need someone to lose money. No other way. Under the article, I have fixed 31 learning ideas. I didn’t even know that I already have so many of them. Knowledge and experience are power!!!
Education
by SpartaBTC
2