The rising wedge is a reversal pattern that can be used in trading. In this chart there is a bigger correction & the rising wedge is forming. I expect the price to break down sharply to the bottom. We are also looking at zero crossover to confirm the medium term sell Good luck!
Sometimes you don't need to count all of the Elliott Waves and pinpointing where the last Impulse started is enough to located the proper Time frame to look for that wave ending on the MTF. in this case the 1 month chart was the relative Time frame for the last impulse upwards (see where I wrote MTF stoch wave start) and you can see that from the Stoch being...
A good example for a full MTF Wave Stoch RSI full wave on the 12h time frame with clear entry and exit on the MTF. Although it is an old PA for JASMY, I find this one of the best case studies on how to read the Stoch waves on the MTF for precision entries, from which we can learn from. Don't hesitate to ask if you have any questions!
Learn my wedge pattern trading strategy. In this video you will learn: How to spot the pattern Meaning of the pattern Trading entries Stop loss Take profit Real market example ❤️Please, support this video with like and comment!❤️
Having a probabilistic mind and approach to trading is one of the hardest skills to master. It goes against our human nature. We're used to having to know what must (or will) happen in any environment to get the outcome we want. If we don't get it, we're able to force new ways to create the results wanted, and usually, we succeed in doing that. To a point where we...
The market cycles can be explained from the psychology side of the average investor. Throughout the various stages that develop in the market, the investor's emotions are also cyclical according to the "mood" of the market. Market movements are explained by the investor when often hope and fear motivate his thoughts and actions and can predict his future...
This comes after years of creating and testing trading strategies, to be more precise, I got more in-depth with money management, when I started developing automated trading software, or when I tried to automate my trading strategies. What I found out, is that money management can make a bad trading strategy perform positively, or a good strategy...
Do you know what’s more important than winning in trading? It is knowing exactly why you actually won . Why? So that you can do it constantly. Needless to say, it is equally important to know why you lost when you lost. The successful trader is constantly winning money, no matter the conditions. The economy may be in recession … or not … Algorithmic trading...
Good day, traders. I hope everything is going well for you. Today I'm going to tell you how I lost my four trading accounts. Let's get this party started - When I first started trading forex, I was so eager to become wealthy that I began looking for shortcuts despite having no knowledge of basic trading. I know nothing about risk rewards, trading sessions, and...
I try to draw a simple market structure for trading range and trend. Lets check details about market structure. Trading Range: Trading range is where both buyers and sellers are active and trade. On the range market we see 2 sided liquidity. Above range that is buy side LQ and below range that is sell side LQ. If one side LQ sweep happens, we can expect the...
Japan's PM Kishida claims, he cannot tolerate excessive FX moves by speculation. But given the circumstances of the message, I understand 'speculation' as an excess of supply and lack of demand. Anyway, I will not argue with the correctness of his wording, political or otherwise, and will just compare the similarities. ► The interventions started after breaking...
Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the...
In trading, psychological traps lie in wait for us at every corner, it is a revenge trade or an irrepressible attempt to win back. To help ourselves, we need an analogue of money management, only from the psychological point of view. It is created and adapted to ourselves, that's why I will describe my variant: 1.Stop trading for a few hours/days after 2-3...
This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business. Let me know what you think, Cheers for watching
Market psychology is the idea that the movements of a market reflect (or are influenced by) the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of...
Today I posted a GBPUSD idea and it was my first Idea posted that hit my stop loss first before I was able to secure profit. All of my ideas dating back to may are hit the target almost every time. If it doesn't, it will usually hit a couple take profit levels that I will have prepared, Or it may not hit the entrance yet the idea is there and price goes to the...
You connect the high price that test the 200ema with the recent high before that (eye ball it) and draw a trendline based on that two connections If price breaks the trendline and the volume candle is green bar (institution footprint aka pocket pivot), then enter the trade.
If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make...