SHORT UNDER 0.9920 TP:0.9842 SL:0.9920 Technical: Trend+channel Fundamental: Economic news. Money management: Position sizing Good Luck!
Let's see if the divergence between awesome oscillator and price chart works on 5minutes charts and counter-trend.
In this video, I am explaining how to use AO to enter and exit a trade. Keep this in mind. Don't rush. If you do not see the opportunity just don't open a trade and wait for the best entry point possible. FOMO is not for analysers!
Kairi calculates the deviation of the current price from its SMA as a percent of the moving average. If the percent is high and positive Sell (Overbought ) If the percent is large and negative Buy ( Oversold ) The trading strategy is similar to RSI, but the upper and lower limits will be determined based on previous results and not like RSI at a certain...
Traders Dynamic Index (TDI) indicator is a complex indicator that consists of the following indicators: RSI (Relative Strength Index) Moving Average To smooth RSI Bollinger Bands (BB) Or in this case we should only refer to them as volatility bands RSI helps us with: 1. Trend recognition: trading in the direction of the trend 2 Overbought and...
Pivot points can be used as entry points for new trades or as a close signal for the existing ones. There are different types of pivot points with a different mathematical formula or simply using previous highs and lows. HOW TO TRADE PIVOT POINTS The following scenarios work with the Traditional Pivot Points For the Camarilla version normally R and S are...
The most important signals are related to the divergence. A recap for divergence from previous lessons: DIVERGENCE AND HIDDEN DIVERGENCE Positive Divergence is bullish and occurs in a downtrend when the price action prints lower lows that are not confirmed by the oscillating indicator. Negative Divergence is bearish and occurs in an uptrend when the price...
Acceleration Bands Serve as a trading envelope that factors The standard setting is 20 candles. They can be used across any time period as breakout indicators outside these bands. Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are of equal distance from this midpoint. Can be used in both growth and...
McGinley Dynamic Indicator: It was invented by John R. McGinley. It would automatically adjust itself in relation to the speed of the market. This future can be very helpful as it is sometimes difficult to choose the right period for the MA. It also helps to account for the gap that often exists between prices and moving average lines. Can't be used as a single...
We have 3 different main types of triangle patterns. Symmetrical Ascending Decending
Please watch the video to understand how this pattern shapes. A Head and shoulders pattern is described by three peaks, the outside two called left and right shoulders which are close in height and the middle is the highest named Head. A Head and shoulders pattern describes a specific chart formation that predicts a trend reversal or a price consolidation in a...
TA Vs FA Both Technical and Fundamental analysis seeks to evaluate an asset. In my opinion, these 2 major analysis methods are similar more than you think! FUNDAMENTAL ANALYSIS The FA involves the financial analysis of an asset by focusing on the underlying factors that affect that asset. The assumption behind fundamental analysis is that the market does not...
Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed The inside bar: After a long wick could mean price change Also engulfing is a reversal signal. Momentum candle: Multiple rejections: Good resistance and sign of price rejection and reversal Shrinking candles: Loss of momentum 3 consecutive candles in the same colour:...
Characteristics: Channels are banded current trend-following indicators. Similar to other indicators they lagging. They have an upper and a lower line. Upper and lower bands are at equal distance from a middle line. The area between the upper and lower lines in the channel. Signals: The upper or lower line breakouts. The upper and lower lines bounce...
Gartley patterns are harmonic chart patterns based on Fibonacci numbers. The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers. I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
A stochastic oscillator is a momentum indicator. Trading Strategy: ✔ Recognise the trend: 👉 In a trendy market only open position in the direction of trend. 👉In a range market you can use both buy and sell signals. ✔ Upper band and lower band indicating different things in different market conditions: 👉In a trendy market upper and lower bands show the momentum...
RSI = Relative Strength Index Is fluctuates between 0 and 100 • A momentum Oscillator • Increasing RSI when: Average gains are greater than average losses = Bullish • Decreasing RSI when: Average gains are less than average losses = Bearish How to use: 1. Trend recognition: trading in the direction of the trend 1.1 Above 50: Uptrend 1.2 Below 50:...
This is a perfect indicator to determine the trend direction! 💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲 ✅ Uptrend strategy: When RWI high (purple in this video) is above the RWI low then the trend is up. Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up. ✅ Downtrend strategy: When RWI...