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V-pattern

How the higher time frames help you to avoid unnecessary losses Hello everyone: Today I want to discuss the importance of higher time frame analysis. Doesn't matter what type of trading strategy, method or style you use, the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go. In addition, it helps traders to avoid unnecessary losses and mediocre entries that will eat up your profits. More often I hear traders will execute trades on the lower time frames, and not factor the overall higher time frame bias and perspective. Although entering on the smaller time frame can potentially give you more Risk:Reward, it's often more risky and trades can easily reverse, then hit the stop loss. This often creates stress, negativity, and revenge trading psychology for traders which ended up blowing accounts. I want to give a few examples of higher time frame analysis, how they can help traders to avoid “traps” on the lower time frames, avoid unnecessary losses, and keep the emotion at bay to trade another day. When having a bullish bias on the HTFs, its good risk management to not consider any short term, bearish sell setups. These sell setups may form on the LTFs, but they can easily not continue to your desired target, and reverse up before you have time to react. In addition, traders hate to see profit come and go. So if a trader has a short position running in some profit, but decides to hold onto the trade, and once the position reverses, traders don't want to exit, and then end up holding a losing position to its SL. Examples: AUDUSD: HTF: Overall bias and perspective in bullish LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses NZDUSD: HTF: Overall bias and perspective in bullish LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses AUDCHF: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss NZDCHF: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss NZDCAD: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss SILVER: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
Education
by jojofang0901
19
BASIC STRATEGY USING THIS METHODIn a nutshell, this is the basic strategy. First you get the directional bias from your HTF and check which cycle of the master pattern it currently is, this will enhance the success probabilities. In this example, the HTF was trending down. When the HTF got below value, then we would have checked our LTF looking for an entry opportunity when it got above value. For a long position, just invert the logic. After you become a master of the basic strategy, you can think about doing more advanced trades like trying to enter the trade while the HTF is above value. To do this more safely you use the same principle. Using this same example, let´s say that the weekly timeframe had just entered below value trending down. You would be thinking about selling the 4H if that was your trading timeframe. So if you would sell the 4H, then trying to enter a sell above value on the 5min or 15min would have higher chances of working out while the 4H was above value. TIP: Using a heikin ashi type of candle in your higher timeframe will provide a very solid directional bias.
Education
by Never_Enough_FX
1
How To Draw The Value Lines (Real Chart Example)Here you can see on a real chart how to draw the lines objectively and mechanically the correct way. I developed an indicator for metatrader which does all that for me automatically, but you don´ t need the indicator if you are trading above 5min timeframe (more free time to draw lines). This example here is a nice one as you can see that when price went above value it gave the perfect opportunity to sell as the 4H heikin ashi was red. To take this to the next level it would be advised to check in which cycle of the master pattern your HTF is. The ideal spot for entering a high probability trade is when the HTF have just went below value.
Education
by Never_Enough_FX
2
How To Draw The Value Lines (or Expansion Lines) To draw the lines is very simple. For the LTF you use a zigzag configured with: Depth:3 Backstep:1 Deviation:1 For the HTF: Depth:2 Backstep:1 Deviation:1 You use the zigzag swings to determine highs and lows. The trigger for the line is a simultaneous higher low and lower high, then you start drawing a line from the center of this range. Initially it is called a minor line and it is only confirmed as a major line if price crosses to the other high or low of the range (depends of what happened first). Also, a minor line can´t be confirmed as a major if you get a trigger for a new line after the minor line still was not confirmed. It does not mean you can´ t consider it as a major line if you see it turned out to be a good origin point (price oscillation above and below it). The minor lines are still relevant price points.
Education
by Never_Enough_FX
Phases of Market Structure ✅‼️ The price can simply be found in one of the 3 phases below: 1.In a CONSOLIDATION 2.In an UPTREND 3.In a DOWNTREND The bullish market is characterized by making Higher Highs and Higher Lows, but this characterization is not enough, it is necessary to say that bullish markets are always breaking swing Highs and respecting swing lows. The fact that the price has broken a swing high, indicates that higher prices should be expected, so it is negotiated in the trend in which the market structure was broken. (Vice-versa for bearish market strcuture) Consolidation occurs when the price don't break a swing high or swing low and forming EH (Equal highs) and EL (Equal lows). In the most cases, after a consolidation the price manipulate and take liquidity above EH or below EL and then the price is distributed in another direction.
Education
by Snick3rSD
How to analyze any market from scratch #3Hello everyone: Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today. Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart. Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start: 1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price. 2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry. These are simple steps to follow, based on multi-time frame analysis, top down approach. Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry? Let's take a detail look into a few examples: A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias. These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc. The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF. Thank you Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch. How to analyze any market from scratch #1 How to analyze any market from scratch #2
Education
by jojofang0901
18
Safe Haven Currency, How are they affected by global eventsHello everyone: Want to talk a bit more about safe haven currency in the market. Since the recent tension between Russia and Ukraine, the safe haven currency could strengthen as a result of such uncertainty in the world. We will take a look at some past history of these currency pairs, how they react to the market at the time, and what could we reasonably expect in the current market conditions. Safe Haven Currency USD JPY CHF It's in our interest to look for opportunities when a strong currency is paired with a weaker one. This generally will move the price very impulsively with strong momentum. Pair such as these below will potentially develop the best price action for good R:R trades. AUDUSD NZDUSD USDCAD GBPUSD AUDJPY NZDJPY CADJPY GBPJPY AUDCHF NZDCHF GBPCHF CADCHF Always have good risk management when it comes to entering. Don't enter all the pairs, don't open too many positions, and understand correlation between the currency pairs. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information. Jojo
Education
by jojofang0901
31
How to analyze any market from scratch (Impulse & Correction) #2Hello everyone: I received positive feedback on the last video on how to analyze the market from scratch, and many have told me to make more of these similar contents. So here we go :) I will go through multiple examples of how I would analyze the market by following these simple steps: Multi-time frame analysis (Top Down Approach) Start from HTF to LTF Identify the Impulse Phase and Correction Phase Identify whether the Corrections is Continuation or Reversal HTF Bias > LTF Confirmation > LTF Entry Any questions, comments or feedback welcome to let me know :) Thank you How to analyze any market from scratch #1 DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what.
Education
by jojofang0901
45
FIGURE OF TECHNICAL ANALYSIS "DIAMOND"Today we will talk about the figure of technical analysis "Diamond" Diamond is not so common, so the figure is not so popular with traders. But when the figure appears on the chart, you will get a great opportunity to earn big profits. Identification The diamond appears after a strong upward movement, which stops at some point and an expanding triangle begins to form on the chart. After that, the expansion stops and the reverse process begins – a narrowing of the price, so the second part of the diamond is formed. The narrowing leads to the formation of a second triangle, from which the price breaks down, creating a strong downtrend. As you understand, a diamond is a reversal figure. In addition to the reversal at the peak, the diamond may appear at the bottom, starting a new bullish trend. The same rules apply for the diamond at the bottom of the trend as for the diamond at the top of the trend. Trading After you have found a diamond on the chart, you should wait for the breakout . The breakout point serves as the entry point. As soon as the price breaks out of the second part of the diamond, you can open a position. The stop loss is usually set above the last maximum, outside the triangle. To calculate the potential profit , you need to measure the height of the diamond - 60-80% of this value will be your goal. You should understand that this is only the first profit goal, since the price very often goes even further, after the diamond. Therefore, at this point, you can use a strategy with closing part of the profit. For conservative traders, there is a second entry point – it will be the price movement for the minimum of a diamond. Also, for such traders, it is possible to set a stop loss beyond the maximum of the diamond. Conclusion The figure is suitable for medium-term traders who hold positions for several days. It is the medium-term diamond that is potentially able to bring big profits. In addition, it is worth remembering a couple of rules: It is not worth trading inside a diamond; And don't forget to set a stop! Be careful and don't miss your diamond!
Education
by DeGRAM
3
HOW TO TRADE A BREAKDOWNHello everyone. Today we will discuss a very important topic - trading after the breakdown of the level. As it turned out, not everyone knows how to trade correctly in such market situations, so let's start learning. Trend Trend is our friend! Everyone knows this expression, but do not forget that the trend will end sooner or later and the price will go in a different direction. Such situations can potentially be very profitable for a trader. Breakouts happen not only during a trend, but also in accumulation zones. Identification To find an opportunity to trade a level breakdown, you need at least two conditions: 1. There must be a trend or an accumulation zone. 2. You need to wait for the breakdown of the level. How to trade? There are a couple of principles of proper breakdown trading. First, we find a trend movement (or accumulation zone), draw a support/resistance line and wait for the moment when the price breaks through this line. However, one breakthrough is not enough. There are many situations in the market when the price makes a false breakout, so you need to wait for confirmation. After the breakdown of the level, the price should close below the level - this means that the balance of forces has changed in the market, the trend has dried up and now the bears are pushing the market. And only after that we have to wait for the most important condition - repeated testing of the level. Very often, beginners are in a hurry, without waiting for the level to be retested, which leads to large losses. After the breakdown, the price should return to the level again – this is the bulls again trying to rule the market, trying to bring the price back over the level. But the forces are no longer enough and the price, after repeated testing, turns around and follows a bearish scenario. It is after the reversal that it is worth opening a position, since it signals the weakness of the bulls, the market is no longer able to move up. It is worth noting that the price may not always return to the level of the broken level. From time to time, you will observe how a small incoming movement is made in the direction of the level, but there is not enough strength, after which the price reverses without retest. Conclusion This topic is very important, this pattern is very profitable, but without patience and proper entry, you can incur losses. Do not forget to put a stop loss, which is best set above the level. All these rules also work for breaking the bearish trend, only in the opposite direction. Trade wisely, good luck to everyone! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
25
BEST REVERSAL PATTERNSDuring the existence of the market, a large number of technical analysis figures have been found. They all work with varying degrees of accuracy. Such a large number of patterns can confuse anyone, especially a beginner. Today we will look at just two models that are quite common and, with proper trading, can bring you big profits. Both models are united by one idea – breakouts. Beginning. First, the price goes down, creating new lows below the previous ones and new highs below the previous ones. At some point, the sellers' strength ends and the market turns around almost immediately, or it stops before accelerating upwards. For profitable trading, a trader must learn to catch this moment when the strength of the trend is extinguished and the price is preparing for a reversal. Confirmation. Stopping the previous trend is not a reason to enter a trade, you need to wait for confirmation. Confirmation will be a new maximum, higher than the previous one, after which the price will try to start moving down again, making a pullback down, but there will not be enough forces for further fall and the price goes up. The entry point will be the moment when the price returns to the breakout line, bounces off it and goes up. Stop loss. Very often, such formations will give you a lot of movement and big profits. But do not forget about the stop loss, which can be set below the breakout line (risky, since there may be an earlier close) or below the previous minimum. You can find a lot of trading opportunities on the market every day, but beginners are advised to study a couple of patterns and learn how to trade them correctly. Take your time and luck will definitely find you! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
12
Sand and its recent pumpHey, we are going to talk about a pattern today, called falling wedge, as it happened few days ago in SAND I'm just gonna talk about it as a good example. Basically a wedge is a shape looking like triangle, it causes to make lower highs and higher lows which are closer to each other as we go along. we have 4 types of wedges listed below : 1. Falling wedge ( in uptrend or downtrend ) 2. Rising wedge ( in uptrend or downtrend ) well I'm not gonna tell you how to trade it as its explained in books or some youtube channels; what you'd normally find out there is that when you see Falling wedge in uptrend we are probably going to see another leg up ( what happened in SAND ) and rising wedge in an uptrend would probably cause trend reversal, but lets just say this is not true and market doesn't care about what we all think :D what I'd suggest is to treat all these shapes as kind of channels, You can buy low sell high and when the break happens get in and ride with it ( DO NOT FOMO ). But lets talk what is actually happening behind these formations, lets talk price action a bit; a wedge usually happens after a trend, we usually find it after a leg up or leg down, and basically that means market is probably going to play around the highs or lows it made for a while before making a second large move ( Correctional or not ), so it will start forming these shapes. normally when we see the price making lower highs in an uptrend ( or higher highs in a down trend ) we'd suspect a trend reversal, but in this case , the highs are really close and we are also making higher lows, this tells us, market is not going anywhere yet, because there is a fight going on between bulls and bears. eventually one of these sides will give up, and the support or resistance will break, That's the moment for us to get in and ride along the market. This is basically all you need to know about wedges. pretty simple but useful. check the price action on Sand as an example and let me know if there are any questions.
Education
by Algo_Analyst
5
5 Key Advices To Share With Trader Who Is Struggling In TradingHello everyone: Lately many of you have messaged me about getting FOMO and entering trades without confirmations. In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria. I am hoping in today’s educational video it can help some of you guys to get back on track. I want to share 5 main pieces of advice that can help out traders who are currently struggling. These are experiences and lessons that I accumulate throughout the 8 years of trading and in hope to help some of you who are struggling in your current journey of trading. 1. Do “NOT” think about get rich quick in trading -Trading is a marathon, not a sprint -90-95% traders fail due to a combination of: Greed, FOMO, mindset/emotion, risk management, trading psychology. -Trading is not a get rich quick scheme, but it can produce consistent, sustainable passive income if you can put in the time and effort -Most try to jump to the result right away, without going through the journey, that is not how life works. 2. No trading strategies, style, method can give you 100% strike rate -Trading is probability, not right or wrong. -Understand you can have the best strategy in the world, and still not be profitable. - Technical, Fundamental, Algo, EA...etc can all not work. This is why risk management is important to not over risk, over trade, over leverage your trading account 3. Backtest and journal -Backtest your strategy so your brain acknowledges and recognizes it over and over again. -Slowly build up confidence in your strategy and method. IT will come to you like second nature -Journal all your wins and losses so you can review them. Work on them, accept your mistakes to grow and improve. 4. Control your EGO -Human beings have ego to prove others are wrong and they are right -We refuse to admit we made the error/mistakes, and blame others/external as the cause. -Acknowledge that in trading, stop blaming the market, the broker, the mentor, the strategy...etc. -Don't take things personally and be offended by it. 5. Never Give Up -I blew several accounts in the beginning of trading career, gave up and quit trading multiple times -I always ended up coming back to trading. After taking time off. Whether that is weeks or months in the beginning journey. -No one is born into a trader, just like no one is born into a doctor, lawyer. -If trading was that easy, then everyone would be rich. -Success is measure by how many times you get back up when you failed I hope these pointers can help you guys to get more focus and get back on track in trading. Any questions, comments or feedback welcome to let me know, thank you Jojo Below I will share others educational videos that have direct relations to the topics above: Trading Psychology: How to deal & manage losses/consecutive losses in trading ? Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ? Prevent Blowing an account by backtesting: Risk Management 101
BITSTAMP:BTCUSDEducation
by jojofang0901
43