How to use Volume with Trends.Volume is a useful tool for studying trends, and as you can see, it can be used in a variety of ways. Basic principles can be used to determine market strength or weakness, as well as to determine whether the volume is confirming a price increase or decrease. Volume-based indicators are occasionally used to aid in decision-making. In conclusion, while volume is not a precise tool, price action, volume, and volume indicators can be used to identify entry and exit signals.
Educational
Trade Review: How I Traded $BIDU + SET UPS RECAP!! & How I am coIn this video I will reviewing trades I took on August 26, 2021 going full in depth explaining how I traded $BIDU for a nice 20% Day trade with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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Trade Review: How I Traded $CHWY, $WISH, $TLRY, $UPST! Full BreaIn this video I will reviewing trades I took on August 24, 2021 going full in depth explaining how I traded $CHWY, $WISH, $TLRY, $UPST with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
📈📉How Market Cycles Work | Bull & Bear Market 🐿
All the financial markets are cyclical :
after a sharp and strong bullish trend always comes a severe bearish rally.
After panic & massive selloffs, the market tends to recover and awakens optimism closing a vicious circle.
Watching carefully how the price acts during these cycles, an observer can identify the recurring stages .
#1 Accumulation
The accumulation stage starts once the market finds its bottom.
Bearish pressure weakens and the market starts trading in sideways.
While the crowd remains cautious, smart money like banks and hedge funds start buying the asset considering that to be undervalued.
It leads to occasional moderate spikes of a price.
Being the best time to buy the market, the accumulation stage is the hardest to spot correctly. Global pessimism and disbelief make the investor scared to buy the asset.
#2 - 3 Public Participation & Excess Stage
The accumulation stage and the actions of smart money make the crowd buy the asset steadily. Pushing the market to new highs and generating sufficient profits, the crowd brings more and more liquidity into the market.
Bullish trend is universally confirmed.
The optimism steadily transforms into euphoria and the asset quickly becomes overvalued. Greed starts to dominate the crowd. Record highs are reached and no one doubts further growth.
#4 Distribution
At some moment the market stops growing. Even though everyone is very confident in a bullish continuation, the market naturally refuses to grow.
Moreover, the market starts to slow down and volatility drops steadily.
The market starts ranging and trade in sideways.
Smart money starts selling their positions steadily to a greedy crowd.
#5 Bearish Trend
With an absence of growth, more and more market participants start selling the asset. Optimism steadily vanishes and pessimism comes into play.
Contemplating negative figures, the crowd starts to panic, making the market fall sharply.
The outlook is dark and no one believes in recovery.
Then the market suddenly starts slowing down and the cycle repeats.
Watch how the price acts, learn the price action & master the market cycles to benefit from any of them.
❤️ Please, if you enjoyed this article, like it and share your feedback in a comment section. Thank you! ❤️
( Weekly Analysis ) GBP/JPY DailyMorning Godal Member's, Traders and Aspiring Traders . Todays shared post is a analysis on .
Pair :GBP/JPY
Time-Frame - D
Biased - Bearish
Very similar to previous post on NZD/USD with the double top but on this occasion this is a based on a large time frame continuation. Price has currently formed a head and shoulders at an identified major resistant trendline . A chart pattern deemed as a reversal pattern to some and the neckline has also been formed so based on this I will be waiting on a pull back for potential trades to the down side for the long run.
10 chart patterns every trader needs to know10 chart patterns every trader needs to know
10 chart patterns every trader needs to know!
- Best chart patterns
1. Head and shoulders
2. Double top
3. Double bottom
4. Rounding bottom
5. Cup and handle
6. Wedges
7. Pennant or flags
8. Ascending triangle
9. Descending triangle
10. Symmetrical triangle
XAUUSD W LONG LDN 082321LONG ENTRY:
1. HH HL Structure on LTF
2. Multiple rejection of 1777.222 level the past week
3. Break of trend-line
4. Break and retest of sub-minor support as seen on yellow zone
5. 4h strong bullish candle, hinting shifts in market sentiment
Confirmation Candle: Bullish Engulfing
Stop Loss: 30m Moving Average crossover + below sub-minor support highlighted in yellow.
GBPJPY W LONG LDN 08/23/21+1% / risked 1%
LONG
1. Reversal variation Pattern on 15m
2. bullish EMA
3. 78.6 retracement with respect on 61.8
4. HH HL structure on the LTF
5. Weekly Level of 149.632 has strong rejection in the past. Expecting similar behavior on current price action
6. London open, anticipating volume to push price
x2 positions closed
because Weekly looks to be bearish. I did not want to contest with the HTF bias. Will look for more setups as price unfolds more.
( Weekly Analysis ) NZD/USD DailyMorning Godal Member's, Traders and Aspiring Traders . Todays shared post is a analysis on .
Pair : NZD/USD
Time-Frame - D
Biased - Bearish
A Daily major support trendline was broken creating a newly formed double top. This bearish run has now created an overextended leg so I will be now waiting for the pull back for further continuation to the down side. If my personal entry criteria presents itself.
🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us!
Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals!
This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are:
LIVE TO TRADE ANOTHER DAY:
- Use position sizing
- Have a definite exit area
- Prepare properly before starting to trade
- Review your trades daily or weekly (always seek improvement)
- Always follow your process & system
- Don't listen to others, find your own trades daily
- Cut your losers when the market tells you the trade is done, you
can always re-enter
We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel!
Happy Weekend Traders!
Trying to learn the Elliott Waves Theory! Any tips?Does this make any sense?
Are angles important?
Every advise will be appreciated!
AUDUSD CORRECTIONAL MOVESOne of my favourite ways to trade with profit upside a lot higher... ignore my labels on those levels I haven't updated. AUDUSD along with a few other USD cross pairs are pushing further to the downside off the back of this USD Strength... Remember to always risk manage and keep that risk reward high.. The markets are challenging and this way of making money isn't always easy, psychological and risk over everything...
XAU/USD GOLD BUY - Risk Management OANDA:XAUUSD
1. There was clean clean candles to the left
2. was waiting for a candle close above the resistance in 30m TF as its a strong confirmation
3. took a buy when the new 30m candle broke the high of the previous 30m candle.
4. but price moved down and closed 50% when the 5m candle closed bearish and full position as price continues retacing.
5. Looking back at the chart, the 1hr did not close above the resistance.
Momentum indicatorsMomentum deals with the rate at which the prices are changing. For example, in an uptrend, prices are rising and the trend line slopes upward. Momentum measures how quickly the prices are rising or how steeply the trend line is sloping. Momentum is similar to acceleration and deceleration. Speed is equivalent to the slope of the price trend – the number of points gained per day, for instance. Momentum is the car’s acceleration and deceleration and is the measure of the price trend’s changing slope. The trend can be thought of as direction and momentum can be thought of as the rate of speed of the price change.
Technical analysts have developed many indicators to measure momentum, and these measures have become leading signal generators or confirmation gauges, telling us whether the trend slope is changing. When momentum is confirming the price trend, a convergence or confirmation occurs; when momentum is falling to confirm the trend slope by giving a warning signal, a divergence occurs. As a sign of price trend change then, the technical analyst often looks for a divergence. Confirmation is also used to identify overbought and oversold conditions.
In the next paragraphs, we will describe the most common price momentum oscillators. There are many ways of calculating momentum, but because all of them arrive at essentially the same result, we describe only the most common and most popular.
1. Moving Average Convergence-Divergence (MACD)
Gerald Appel, the publisher of Systems and Forecasts, developed the MACD oscillator. A variation of the moving average crossover, the MACD is calculated using the difference between two exponential moving averages. Traditionally, a 26-period EMA is subtracted from a 12-period EMA, but these times are adjustable for shorter and longer period analysis. This calculation results in a value that oscillates above and below zero. A positive MACD indicates that the average price during the past 12 periods exceeds the average price over the past 26 periods.
The MACD line is plotted at the bottom of a price chart along with another line - the signal line. The signal line is an exponential MA of the MACD; a 9 period EMA is the most common. A histogram of the difference between the MACD and the signal live often appears at the bottom of the chart.
The MACD is useful in a trending market because it is unbounded. When the MACD is above zero, suggesting an upward trend, buy signals occur when the MACD crosses from below to above the signal line. The downward crossing is not reliable while the trend is upward.
2. Relative Strength Index (RSI)
In 1978, J. Welles Wilder introduced the relative strength index (RSI) in an article in Commodities magazine. The RSI measures the strength of an issue against its history of price change by comparing “up” days to “down” days. Wilder based his index on the assumption that overbought levels generally occur after the market has advanced for a disproportionate number of days, and that oversold levels generally follow a significant number of declining days. RSI measures a security’s strength relative to its own price history, not that of the market in general. To construct the RSI, you must make the following calculations:
RS= UPS/DOWNS
RSI = 100 – |100/1(1+RS)|
The RSI can range from a low of 0 to a high of 100. In his original calculations, Wilder used 14 days as a relevant period. Overbought and oversold warnings are the same as with many other indicators. Wilder considered above 70 to indicate an overbought situation and an RSI below 30 to indicate oversold condition. Similar to other oscillators, RSI divergences with price often give a warning of a trend reversal.
3. Stochastic Oscillator
According to Gibbons Burke, Tim Slater, founder and president of CompuTrac, Inc., included this indicator in the company’s software analysis program in 1978. He needed a name to attach to the indicator other than the %K and %D we will see in the indicator calculation. Slater saw a notation of “stochastic process” handwritten on the original Investment Educators literature he was using and the name stuck.
The “fast” stochastic, as seen in software, refers to the raw stochastic number (%K) compared with a three-period simple moving average of that number (fast %D). This number is extremely sensitive to price changes. To combat this problem, analysts have created the “slow” stochastic. The slow stochastic is designed to smooth the original %D again with a three-period simple MA. In other words, the slow stochastic is a doubly smoothed moving average, or a moving average of the moving average of %K.
As in most oscillators, the stochastic works better in a trading range market, but can still give valuable information in a trending market.
4. Commodity Channel Index (CCI)
The Commodity Channel Index (CCI) is also similar to the stochastic. Donald Lambert developed this indicator, describing it in the October 1980 issue of Commodities magazine. The CCI measures the deviation of a security’s price from a moving average. This gives a slightly different picture than the stochastic, and in some cases, the signals are more reliable. However, the difference between the CCI and the stochastic is so minuscule that using both would be a duplication of effort and liable to create false confidence.
Trade with care.
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📈📉How Market Cycles Work | Bull & Bear Market 🐿
All the financial markets are cyclical :
after a sharp and strong bullish trend always comes a severe bearish rally.
After panic & massive selloffs, the market tends to recover and awakens optimism closing a vicious circle.
Watching carefully how the price acts during these cycles, an observer can identify the recurring stages .
#1 Accumulation
The accumulation stage starts once the market finds its bottom.
Bearish pressure weakens and the market starts trading in sideways.
While the crowd remains cautious, smart money like banks and hedge funds start buying the asset considering that to be undervalued.
It leads to occasional moderate spikes of a price.
Being the best time to buy the market, the accumulation stage is the hardest to spot correctly. Global pessimism and disbelief make the investor scared to buy the asset.
#2 - 3 Public Participation & Excess Stage
The accumulation stage and the actions of smart money make the crowd buy the asset steadily. Pushing the market to new highs and generating sufficient profits, the crowd brings more and more liquidity into the market.
Bullish trend is universally confirmed.
The optimism steadily transforms into euphoria and the asset quickly becomes overvalued. Greed starts to dominate the crowd. Record highs are reached and no one doubts further growth.
#4 Distribution
At some moment the market stops growing. Even though everyone is very confident in a bullish continuation, the market naturally refuses to grow.
Moreover, the market starts to slow down and volatility drops steadily.
The market starts ranging and trade in sideways.
Smart money starts selling their positions steadily to a greedy crowd.
#5 Bearish Trend
With an absence of growth, more and more market participants start selling the asset. Optimism steadily vanishes and pessimism comes into play.
Contemplating negative figures, the crowd starts to panic, making the market fall sharply.
The outlook is dark and no one believes in recovery.
Then the market suddenly starts slowing down and the cycle repeats.
Watch how the price acts, learn the price action & master the market cycles to benefit from any of them.
❤️ Please, if you enjoyed this article, like it and share your feedback in a comment section. Thank you! ❤️