In todays class we went over an entry strategy we call a bar breakout. Taking out of our book It’s a continuation pattern Not in relationships to here we disagree with buying any buy signal . And using the current conditions to prove a system that’s works isolated! Never trade isolated signals The bar breakout A strong move up or dwn in a trend that closed...
🟢What is the Triple Top Pattern? A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend. This pattern is formed with three peaks above a support level/neckline. The first peak is formed after a strong uptrend and then retrace back to the neckline. The formation of this pattern is completed when the prices move back to...
Hey traders, Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, side fully in control of the price action in the Gold market. Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script simply makes it...
Example on 1 hour EurChf Chart for Friday ( sell trade, but can do on buy trade too)… its Friday: Don't be greedy). Note the following: 1) Big Banks selling (note large 1 hour candlesticks- on charts)- only people that can do that are big banks and/or institutions (not retail traders). 2) Two areas of sell imbalance (they must be filled with buy either today...
A short introduction on how to set up the "Template Trailing Strategy" script with a simple indicator like the RSI indicator. An explanation of the Filters section, Strategy section and Strategy - External section.
Nothing more and nothing less than goosebumps. I will add a few more names: - Warren Buffet - Nassim Nicholas Thaleb - John Bogle - Sir John Templeton - Charlie Munger And many more.
Short video as intro to add the SMC by Milad Hamid indicator and how to change some settings.
In todays class we’ll continue to build psychology with student with proof everything have to be proven . Thus today we’ll prove why trend channel is a losing strategy but itself ( the common method of trading them ) and why everyone’s focus should be on. The range market.. the makeup of a range market must be understood and as was taught ranges are like magnetic...
Hello Traders! This is how I use COT DATA and analyze it. Commercials are normally right. Other groups trading forex are normally wrong.
How does Forex market work? As a trader, you decide if you would like to buy or sell. The broker finds someone who would like to do the opposite and they introduce the two of you. The broker then takes a small cut (spread) of the transaction price for arranging the connection. Foreign exchange is largest liquid market in world, but what does that mean? Has a daily...
On the 3rd of October, price formed a daily low and a 1h OB, leaving behind a 1h fvg and inducements right above the OB. Price rallies and broke market structure with a rally, reversed, then went into a consolidation on the 10th of October. Fomc news created spikes that took out buystops/liquidity resting above the consolidation range then also the sell stop...
Greetings everyone. Today we are going to talk about such a difficult topic as intraday forex trading. The tips below will be helpful to any intraday traders. 🔷 Don't chase the number of trades. Select the most obvious setups. You have opened a chart. There are no setups. You zoom in the picture, change the timeframes, looking for some reason to enter the...
The evidence suggests that only a very small proportion of day traders makes money year over year. There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to...
I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or cannot it explain it at all. I say to them the explanation behind is a much simpler one. Gut feeling in trading, in most of the cases, is nothing else...
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HD Session Volume Profile (SVP HD) - Go to settings under Inputs. Click custom. I set to 10:00am-10:00pm Pacific/Auckland time. I live in NZ. Set to your time zone. Click extend...
Now as of recently I have become submerged into Elliott wave theory. It helps me define order flow on a fractal level and with the implementation of certain other order flow concepts, I can then define the intent of order flow between sessions. Elliott wave is fundamental in understanding market structure. Impulses and Corrections are fundamental in driving...
As I discuss yesterday wide range of markets 16800-17500. The market opens way beyond our expected range. whenever this happens I wait. I was tempted to take a trade around 17270 to buy but couldn't execute and missed 50-60 points. however, aftermarket cross 17330, I start looking for sell. so I shot around 17325 with Sl 17350. and exit around 17200. now why...
TRADE 1hour/30 minutes, there are many visible/ trustworthy moves in there.. Every move in 15mnts?1hour/30 minutes influences the whole day chart So check for every move IN 1hour/30-minutes TF(draw trendlines and analyze the every move the market makes in the 1hour/30 minutes TF) Trust ME So for every move made in 30 minutes you take(provided move perfect AF) i...