(Rules for BUY Trade)
Step #1: Pick a significant High, Draw Gann Fan Angles and Wait For the 1/1 Line to Break to the Upside.
The best Gann fan trading strategy works the same on every time frame. But we recommend not going lower than the 1h chart, as you want to be able to pick significant swing high points. This can’t be seen on the lower time frames.
Step #2:...
Strike Trader Elite Indicator (STE) shows Entry Signal Level
Strike Trader Elite Indicator shows Stop Loss Level
Strike Trader Elite Indicator shows Take Profit Level
Strike Trader Pulse Indicator shows Histogram crossover
PM me is you have any questions I can help you with about the STE Indicator
HOW TO USE THE STE PULSE COLORED BARS TO TRADE A BEARISH FLAG SHORT CONTINUATION TRADE.
Price Consolidation caused STE Bars to change to a Dark Red color and to rise up towards zero line.
STE Bars did not cross above zero line but bounced short again and changed to a light red color and increased in length.
Short Stop Order placed @ 1.0990.
Stop Loss placed...
Step #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying .
Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50...
Captian Jean-Luc Picard is a character from the series Star Trek.
He is many Star Trek fans favorite Captain because of his combination of class, wisdom and wit.
This particular statement was spoken to the Android Data who was failing in his attempts to be more human.
Tim has found this encapsulated his early trading experiences to a tee.
Early in Tim's attempts...
The weekly trade signals are very powerful to trade but the weekly stop losses are so large it makes you trade very small size positions.
It takes a long time for a weekly entry to hit it's first target.
This technique takes that built up explosive energy in a huge weekly pattern.
But to trade a size that will make it worth while and to get in and out of the...
Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend.
A lower high is simply a swing low point that...
Step #1: Plot on your chart the 20 and 50 EMA
The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA.
Most standard trading platforms come with default moving average indicators. It should not be a problem to locate...
INSIDE CANDLE STRATEGY
What is an Inside Candle
1. Previous candle engulfs next candle.
2. 2nd candle high is lower that 1st engulfing candle.
3. 2nd candle low is higher than 1st engulfing candle.
INSIDE CANDLE METHOD
1. Incoming Trend
2. Inside Candle – Opposite Color
3. Enter Break of Engulfing Larger Candle
Inside Candle method is a great short term...
Rule #1 Define the London Trading Range
We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks.
Note* this trading rule can be adapted as you get more experienced at reading the price action.
Who knows, maybe you’ll be able to discover some price action tendencies around the London open that no-ones...
Ascending Triangle
An ascending triangle consists of a strong resistance level.
Strong levels are usually pretty obvious.
There will be lots of wicks and bodies that touch a horizontal trendline.
A trendline is not just a line but it is always a zone.
So you can expect the price to push through the level sometimes.
Other times price will just approach the...
Pin Bars
This price action strategy will focus entirely on a price pattern called pin bars. This candle is simply the price hitting a certain level and being “rejected” from it. This bar has a long tail on it with a small body.
There are different types of characteristics for a particular pin bar. For instance, the long end of the candle is the wick, while the...
ATR PRE-ENTRY STRATEGY
The Average True Range or ATR is a measure of volatility.
Volaltility = the amount the price of a market moves around.
The highly volitile GBPAUD moves in hughs jumps.
It can move a few hundred pips in a single day.
You can win or loss a bunch of money of the GBPAUD.
EURCHF is a very low volaltility market.
Possibly 50 pips in a single days...
WHAT IS AN INSIDE CANDLE
1. Previous candle engulfs next candle
2. 2nd candle high is lower than 1st candle
3. 2nd candle low is higher than 1st candle
INSIDE CANDLE METHOD
1. Incoming Trend
2. Inside candle - Opposite color
3. Enter Break of Engulfing Candle
Inside Candle method is a great short term consolidation indicator.
If your trade plan contains...
INSIDE CANDLE STRATEGY
What is an Inside Candle
1. Previous candle engulfs next candle.
2. 2nd candle high is lower that 1st candle.
3. 2nd candle low is higher than 1st candle.
INSIDE CANDLE METHOD
1. Incoming Trend
2. Inside Candle – Opposite Color
3. Enter Break of Engulfing Larger Candle
Inside Candle method is a great short term consolidation indicator.
If...
AVOIDING FALSE BREAKOUTS
1. Declining Volume and ATR/Volatility.
2. Candle Close Outside the Consolidation
3. Significant Volume on the Breakout.
4. If You Get Head-Faked, Close the Trade.
How to Avoid False Breakouts
Prevent a Head Fake
You can't avoid every false breakout. There is no magic formula.
There is no way to know what the market is about to...
