✳️The Morning Star candlestick pattern is a candle formation that can often be seen on price action charts. It has a bullish character and can often determine the main minimum of market fluctuations. ✳️Three candles in a figure are one of the mandatory conditions of the pattern. Nevertheless, it is quite easy to find the morning star on the chart. It's easy to...
Hello traders and dear followers! I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you. 1. A strategy that can predict the Target perfectly. 2. At the same time...
Opening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in...
Education excerpt: Relative Strength Index General information The Relative Strength Index ( RSI ) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart....
General information The Relative Strength Index (RSI) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart. However, it can be utilized on a bar chart...
Good day fellow traders. I hardly post these days. But for the purpose of sharing some views. You could say Logic> retrace vs what does the structure tell you. Let me be clear always be bearish aka sensible. Before you make a decision!!!!! I expected a correction of larger size in the last week. So what is happening We are currently in what seems to be a 5ft...
TOP REVERSAL PATTERNS At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Top / Double Bottom A double top /bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough...
Create Alerts And Wait Patiently There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools...
Creating A Trading Plan and Executing A Trade As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe! Mar 26 Comment: First step:...
Hey traders so in the last lesson we spoke about how the Head & Shoulders pattern is great for spotting tops and bottoms in the market. Today I want to introduce you to the most powerful formation in all of technical analysis called The Narrow Sideways Channel. This is every traders dream to learn how to catch the big moves and profits that make history in the...
We have come a long way from the previously practiced barter system to the modern-day system of trading currency. Following is a brief summary of the evolution of currency and how it gave rise to Forex Trading. Here are the main stages that are illustrated on the chart: 1️⃣The Ancient system of Trading - Trading with Gold As early as 6th century BC , the first...
Well, finally got some free time to do some charting, figured I would stream it if anyone was interested in watching go on tangents. I will mostly be charting BTC on multiple timeframes, and maybe some requests.
Where do you place your stop loss? 🌐 First, read our tutorial about market orders and limit orders: Your stop-loss is such a limit order that you place above the point of collision of the trend lines that print the technical pattern on your chart: - If you've got a Bullish Pattern (Bullish Wedge or Bullish Pennant), you place it below the pattern. - If...
Hi traders there are 4 color palettes here that you can use in @TradingView charts. 1. Standard green & red 2. Neon Carrot & Neon Blue 3. white & Neon Blue 4. green body & green border In future posts, I will publish more palettes in different backgrounds here. so don't forget to like this post ❤
Hi all, below is an article that I learned years ago and that has contributed massively to my trading success over the years and I would like to share with you. Due to the rules at tradingview, I cannot post the link so I will write it here. When it comes to trading support and resistance is the name of the game and support and resistance comes right off the...
Focus on larger price movement. Lesser but reliable signals. Bigger stop losses & profit targets. Market noise greatly reduced. Smaller position sizes. Use 1 hour, 4 hour and daily for yes, scalping, day trading instead of lower time frames under 1 hour which have more signals but less reliability. Please refer to (attached AudUsd 1 hour chart example chart)...
Here we have been going down for a while, but in a slow fashion (daily). So it is slowly accumulating and building up energy before breaking free and taking out all the stop losses that was left during the slow down move. Here you can see the entry better on the 1H and why I put my entry and SL at these areas: Taken in March 2017 Here is the daily clearly...
Our new Chart Preview feature simplifies the way you follow your favorite symbols from iPhones or iPads. Please note: we have exciting updates coming to our Android app, so please stay patient. We won't let you down! 😎 Chart Preview is intuitive for all investors and traders. Beginners and pros can use it seamlessly to study their watchlist and then dive into...