Bill Williams - Three Wise MenA tutorial on the "Three wise men" strategy by Bill Williams. This strategy was introduced in his book, "Trading Chaos". I highly recommend reading the book before actually using this strategy.
Oscillators
Watch these charts Everyday!Lots to look at every day in the markets. Here is a video of what I have been watching the most carefully as of late!
Trade Setup Update for USD/CHFHello Traders,
A few days ago I posted a trade plan for buying USD/CHF once price action broke and held above with the candle body to consider a possible long position. For those of you that maintained your patience, good job - the trade finally developed and yielded a decent return for our discipline.
RISK DISCLAIMER:
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Warm Regards,
~Michael Harding
USDCHF Trade Setup - RSI Divergence with Price-ActionHello Traders,
Another decent setup for USDCHF. Limited target of only 20 pips but seems likely at this point. This is the currency market so conditions could change unexpectedly.
Before making any trading decision, understand the risks involved.
Trade Safe - Trade Well
Cheers!
The Holy Grail of RSI - How to use RSI Effectively 4 BIG PROFITSHello Traders,
This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading.
Trade Safe - Trade Well
~Michael Harding
MACD Indicator strategy to Increase Winnings(Beginners Friendly)Hi friends, today I bring you an educational video on how to us the MACD secret strategy to catch and filter trend signals.
Thanks for constantly supporting use with your likes and follows
QUICK RECAP OF THE STRATEGIES:
MACD HISTOGRAM:
*How to find and anticipate the MACD Signal cross before they happen,
*How to use the histogram to predict Strong trend reversals
*How to calculate the MACD
*EASILY Confirm consolidation breakouts
THE LAST ASPECT OF THE VIDEO
please note:
The last aspect of the video is how to use the TREND FILTER for BUY & SELL Signals
to do this you will need to use the Higher timeframe for your entry.
Using these two important criterial:
1, If higher timeframes MACD line crosses ABOVE the Signal line this shows that buyers are in control =BUY/ LONG Bias
2, If higher timeframes crosses BELOW the Signal Line , this means the Bears has taken power over the market = SELL/SHORT Bias
so in other words,
*if you trade 1Day Chart Timeframe, you will use the WEEKLy chart Timeframe to find MACD Cross for your entry.
*If you trade 4Hours Chart Timeframe, You will use the DAILY chart Timeframe to find MACD cross for your entry
*if you use 1Hr chart Timeframe, you will use the 4HOURS chart timeframe to find MACD cross for your entry
Thanks for liking and your support. You can join the MFT house to improve and polish your trading skills for free.
Update on FTSGood day for FTS (and most of the other instruments). Tomorrow will be a big day for FTS.
Multi timeframe analysis: S&P Kiss of Death leads to BTC crash? S&P500 is forming the so called Kiss of death that is a strongly bearish signal. We saw that in the last years BTC and the major american indexes showed some correlation.
Bitcoin is approaching a really strong resistance area and in my opinion it will be bounced back and in this video I will show the Short position I will be taking with a 2.6 R/R.
Enjoy the view and let me know what you think.
Comment&share here your visions and ideas. Leave a like to support my work.
WHY IS MY TRADE STILL RED?? When will I see profits??!This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease.
Example shown is of DAX30/GER30
Telegram @RichDadBre
Judge the price action momentum - rising wedge pattern and RSIThere are a number of ways to judge the price action momentum. In the previous post, I show you using trend channel as an alternative to up wave or upward thrust to gauge the buying or selling momentum.
In this video, I also adopt the same example S&P 500 futures ( CME_MINI:ES1! ) to show you using the popular pattern - rising wedge and RSI indicator to achieve the same objective.
Yet, what I would like to emphasize is to understand the rationale behind the pattern and the indicator, which we can always go back to the first principle to find out, i.e. why a rising wedge is bearish in nature or what bearish divergence in RSI actually means?
Once you understand the rationale or the first principle about the price action momentum, you can start trading without memorizing every single pattern or indicator if you prefer.
GOLD: Nirvana or Nightmare?Everybody seems to know that Gold is going north. Some say $3000, others say $5000. But none of the people who claim this are saying 'by when'.
I have no doubt that Gold will eventually reach $5000 but I don't believe that that's gonna happen anytime soon. I may of course be proved wrong. But I'm not doing FOMO at this stage of Gold.
Have a look, why I say there is need for greater caution.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
Divergences basics: types of divergences and how to trade them.Introduction and practical sample of how to trade divergences (in Russian).
Introduction to the BEST All-In-One Oscillators with divergencesHello traders,
A unique indicator displaying many oscillators with a multi-timeframes and regular/hidden divergences options for all oscillators below
1. MACD
2. MACD ZERO LAG
3. RSI
4. DMI/ADX
5. ATR
6. STOCHASTIC RSI
7. TRUE STRENGTH INDEX
8. CANDLE MOMENTUM OSCILLATOR
9. VORTEX INDICATOR
10. COMMODITY CHANNEL INDEX
11. RATE OF CHANGE
☔ Safe crossing mode for RSI/STOCH RSI/CMO: Choose to get alerted whenever the oscillator enters or exits the Overbought/Oversold zone.
Wishing you all the BEST for your trading using it.
Dave
London Watchlist: A quick buy on SP500 and a nice sell on USDCADAll the details about the active trades we have for the London session are in this video.. I watchlist for the day is much bigger but we cannot share it all as it is time consuing and our time is dedicated to our trading community and coaching program!
Enjoy the video!
More to come later! Busy day ahead!
New York Watchlist: EURNOK Sell EURNOK SELL
ENTRY 10.1580 /// MODERATE 10%
SL 10.17915 ( pips 221 )
TP 10.08605 ( pips 709 / RR 3.2 )
On 4H we have a solid contraction and we are pretty much at the top of it. RSI is at its highs too.
On 1H we have a minor contraction supportin the sell idea with a decent rejection level.
On the minute charts I see a reversal coming within this hour (in the next 50mins)
London Watchlist: Buying XAUUSD with a possible continuationGood morning all!
Hope you are all having a superb day!
The video explains our trade idea on buying XAUUSD today. Below you will find some details about the trade.
XAUUSD BUY
ENTRY 1653.214 /// MODERATE 10%
SL 1637.737 > MAKE TRAILING SL
TP 1 - 1688.300 ( pips 3549 / RR 2.4 )
TP 2 - 1699.440 ( pips 4643 / RR 3.1 )
On the 1H chart we have a bullish continuation whcih is supported by a low RSI and a breakout, but we need to move above the EMA on 1H.
On 4H we had a retest of the DC middle level and we achieved a massive reversal candle indicating that the bulls might be coming soon.
