In this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the...
Range trading, characterized by price oscillations within defined support and resistance levels, offers traders a structured approach in sideways markets. However, even within these stable waves, deceptive price movements known as fake breakouts can occur. These false signals can lead traders astray if not properly recognized and managed. In this article, we'll...
In trading, the term "breakout" refers to a price movement that "breaks" past a certain level or range. It's important to note that breakouts can be false, meaning the price could reverse its movement after the breakout. Hence, traders often use confirmation techniques to confirm the validity of a breakout. A breakout is a potential trading opportunity that occurs...
A breakout that failed to proceed past a level, leading to a "false" breakout of that level, is referred to as a "false breakout." One of the most essential price action trading patterns to learn is the false double bottom and double top patterns, as a false-break is frequently a very strong indicator that price may be changing direction or that a trend may soon...
1) What is a consolidation? Consolidation means when the price of a stock or security moves sideways within a range. In this pattern the price makes the same highs and/or same lows. The highs form a resistance level, and lows form a support level. The longer the consolidation is, the stronger the breakout/breakdown will be. When the price is moving within the...
In this tutorial, I will explain both its fundamental and technical reasons for crude oil likely to break above and stay above US$100. I am having two portfolios at all times, one for long-term investing and the other for short-term trading. For the long-term I am mindful the current global inflationary pressure is real and it may last many months or even years...
Trading Strategy based on CT50: Chart Pattern - Tline (8EMA - white line) & 50EMA (Red line) First entry point: Base breakout on high volume and Gap up Second & Third: While holding the gap up low, mini consolidation breakout offered add on points (yellow arrows) Now there’s a tight consolidation going on. Watch out for breakout or breakdown.
This is one of the easiest and simple ways to trade forex pairs. I tried to describe the approach on the chart, both H1 and M15 timeframes. ANALYSIS/ PLANNING THE TRADE: - On the "higher" - H1 - frame we wait for a completion of a sideway move (flag/ consolidation), and note, it took 7 days to complete it, after a strong impulsive move down. - Price makes a...
Underlying logic: 1. The price gets rejected from a level repeatedly and forms a major resistance. 2. There is an initial test of supply which absorbs some pending orders 3. The price finds a bottom and some sort of accumulation happens. 4. After the accumulation, the price tries to move back up to retest the resistance level. 5. A bull trap is confirmed when...
Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain How To Trade Breakouts , everything you need to know about this strategy is here. First we got to understand what is a breakout but before u start using this strategy take your time and understand the information well . so what is a breakout : a...
This is an education based on the LTCUSD chart that I posted today. I have also linked my previous education idea down below where I want to drill down one key fundamental: Participation matters, price DOES NOT. DO NOT get emotional seeing price (low or high), look at the participants to see how many people are buying/selling at these levels. Price DOES NOT...
So in this short video, I show you how to use a pennant style pattern to find a "Possible" Breakout point. This small breakout was a 6% move. Doing this will also help you determine your buy-in areas, so when it hits the support trend line this is the ideal buy-in time. Ideal Buy In Areas . (When it bounces off support trend.)
DEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP. SO ITS BETTER TO WAIT FOR TAKING POSITION. ... Its only for educational purpose and please consult your advisor before taking position.
Quick video of our first test for our BITS (Breakout Intelligent Trading Signals) for the TradingView Platform. We already have this indicator suite for ThinkorSwim, TradeStation and NinjaTrader and we are looking to launch for TradingViewe over the next week or so. It uses our proprietary cloud based algorithm from our Smartlist giving breakout signals with...
CRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term ! > Hence Time Sensitive?
CRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term! > Hence Time Sensitive?
Hi everyone. Here is part 2 of the CTR/BTC entry signals video. It focuses on pinpointing an entry level using a lower time frame. I'll put out an exit signals video shortly that covers things from that perspective. As always, let me know if you have any feedback or suggestions for future videos. Cheers and good luck, RJR
This is a breakout out of the book! look how nicely it formed! we see a highest high to start from. And then it all goes according to what the textbook says: "Price will form higher lows and lower highs, until it all collapses and just breaks out." This is a pattern you should always keep in mind! It is sooo likely to happen, and more important, if you trade...