MOST COMMON CANDLESTICK PATTERNSHello Traders and welcome to out channel. MOST COMMON CANDLESTICK PATTERNS IN ONE PLACE! If u like this educational content please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a wonderfull weekend and successful trading week ahead!
Editorspick
GOLD : New bull momentum or pullback? (Comment your Thoughts)Gold price took a further hit on Thursday and Friday, as US Treasury yields on the 10-year note tracked up once more The US 10-year Treasury Note was up 1.18% as of the time of writing, as investors have begun to bet that infrastructure spending plans due to be announced this week by the US government would produce a faster-than-expected economic recovery and drive up inflation expectations.
The US President Joe Biden is due to unveil plans of infrastructure spending under his administration, which could see as much as $4 trillion being spent on roads, bridges and initiatives to combat climate change. The initiative could drive up the budget deficits, which would need to be bridged. Issuance of bonds has traditionally been a funding gap used by governments to bridge such deficits, and if this were to be done in the US, the cost of bond notes (bond yields) could rise a lot more.
Gold price on the XAU/USD is now pushing higher because of a tecnical support but also a strong risk off a new covid wave in Europe.
Personally I was expecting and sharing XAUUSD mouvements and how i'm patiently waiting for gold to hit the next strong zone. check my intraday buy idea in the comment section
Are you more bullish or bearish?
How to identify and use Supply levels (Educational Post)Hello traders , make sure to understand this post. as you can see ni the first case from the left the playbook is simple= micro sell signal in macro sell zone= fearless execution
for the second scenario the trend is strong so we expect to make a new low
for the third scenario our first target is the demand level.
Uptrend VS. Downtrend (Educational Post)hello traders , here's a very quick educational post
Bullish Continuation TREND
Upwards impulsive move – PAUSE – Upwards impulsive move
In this phase supply is weak and market retest demand areas
Bearish Continuation TREND
Downwards impulsive move – PAUSE – Downwards impulsive move
In this phase supply is strong and market retest supply zones . Demand areas are very likely to be broken
Train your eyes to see these movements on a chart. When looking for these movements, notice the “pause” or the “ranging” can last for one candle or it can be multiple candles. With practice and application, you will begin to see these patterns and recognize them subconsciously and with little effort. IT'S all about executing buy trades in demand areas in a strong bullish trend and executing sell trades in a supply zone in a strong downtrend
Proper Position Sizing (Educational Post)Improper position sizing:
That is the number one killer for most traders; they open a position size much larger than they can handle or much larger than what is appropriate for their account size.
Before continuing make sure to follow this tradingview profile .
A trader’s position size is a very sensitive topic because it should be not too small and not too large; there is a perfect balance between the two that a trader must achieve in order to be able to trade fearlessly. The proper position sizes will allow you as a trader to not only “set”, but to also “forget” and move on with life without being tied to a screen. The most elite traders on the planet allow time, money, and the market to do most of the heavy lifting and they give very little time to sitting on a screen compared to the average retail trader. Any professional trader knows that “less” is “more” in this game, and trading for longer hours does not necessarily equal to “more profits”.
Few traders calculate their exposure, and those who do calculate it typically calculate it wrongly. But from those who do calculate their exposure properly, even fewer traders accept their exposure. the acceptance of your exposure, is an entirely different and separate step, and it is a psychological step. You Must find the balance between
Supply Anatomy (educational Post)A Sell-Zone or supply zone is a very specific zone where two things are true:
1. A large amount of Sell orders originated there.
This just means that, within this Sell-Zone, market makers clicked sell, with the volume of thousands and thousands of lots.
2. A large amount of Sell volume is sitting there.
This just means that, within this Sell-Zone, there exists demand for Sell order , if price were to return to this Sell-Zone in the future. This Sell zone or supply can be in the form of existing pre-set limit-orders, as well as new supply of Sell volume that may potentially enter when price returns to this Sell-Zone.
Again, The markets are algorithmic, and the buying and selling is nothing more than the initiation of buy programs and sell programs. The majority of the financial markets are almost entirely automated and algorithmic, with very little human interference. This makes them more predictable, but more dangerous
Supply Zone & Volume (Educational Psot)Hello Traders, here's an educational post about a supply zone. You don't need to overcomplicate the things a valid supply area is found in trending markets with a sell Order Flow volume very strong. price is making higher lows and lower lows. as you can see at some point price will push the price down.
An area with a large amount of sell-orders is called a Sell-Zone, and it has very specific boundaries as we will see. This zone can be considered an area where a large of Sell-OFV was transacted at the origin. The only way the downwards move that occurred could have been created is by the triggering of a large amount of Sell-OFV at the origin of the movement. Somebody important decided that it was EXPENSIVE TO THEM, so they transacted huge volumes of sell-orders. This is area is a great deal for a seller and a terrible deal for a buyer.
If the price come back to that level , be sure that they can continue pushing the price down.
How Risk Reward Works ? (Educational Post)Hello Traders Before continuing make sure you follow this profile.
Let me start off with a scenario that many - if not all has been through. Have you ever had a series of great trades, only to have one trade to burn your whole capital? It's probably everyone - and a guilty embarrassment that many do not want to admit. It's not bad - it's a learning process. AIRFOREXONE is here to talk about how to effectively use stop losses. If you are not using stop losses - you are essentially gambling. You need to learn how to preserve your capital at best.
A stop loss is an absolutely vital tool allowing you to limit your losses when you are trying to increase your probabilities using technical analysis . In my opinion, calculated risk is never going to be 100% risk free; however, It is mandatory on every position if you want to keep your money safe (or safer, haha!). Using a stop loss is like an insurance policy. In case the trade is going wrong (which can most definitely happy), you can be sure that a large part of your capital will be safe (again, keyword being large).
Now let's Talk about risk reward:
Now, how do you place a stop loss? You are assuming that anyone can just use the stop loss tool and adjust the percentages and risk reward ratio to their likings, right? Wrong. You need to know how to place your stop via proper technical analysis , which is discussed below in a simple manner. Assuming you have a good probability set up, a stop loss allows you to sleep peacefully because a stop loss deletes the stress and allows you doing activities other than trading. You don’t need to monitor your trade every 10 minutes. The less you monitor your trade the less you risk to make mistakes.
Some people will say that stop loss decreases the winning ratio. This is also absolutely wrong. Again, it is ABSOLUTELY wrong. Many traders argue to get 90%-100% of winning trades.
How to place your stop loss: and have a Risk Reward that will make you money?
Place your stop loss according to the market price level according to the suggested ratio of 2:1 as shown in the above diagram. Why 2:1? The RR ratio is the difference between the potential loss and the potential profit of your trade, according to your trade setup. You never want to take a trade if your risk/reward ratio is below 1. A RR of 2 and more is one of the key factors in order to become successful in trading. Imagine the insane performance it would be, if every trade you make had a RR of 2 with 80% of winning trades - that is phenomenal.
Note that the bigger your risk reward become = more chances to fail and lose less you have. the opposite happens when you risk to win less.
Bullish & Bearish Candlestick Strength What exactly is it that causes each uptick or downtick? These are the only two pieces of information that a price chart can express; a down-tick or an up-tick. What causes these tick movements?
If you have been led to believe that the prices move depending on the number of buyers and the number of sellers; if the number of buyers is greater than the number of sellers, prices go up, & if the number of sellers is greater than the number of buyers, prices go down. Then you would be wrong. The number of sellers or buyers is not what moves the price. What if one seller is doing all the selling to thousands of buyers? The price will go down. The answer to our question is that it is the degree of aggression of the buyers or the sellers and the volume of order-flow they submit is what moves the price. If a seller is aggressively executing large amounts of sell-orders at the current market price, the price will tick down. If a buyer is aggressively executing large amounts of buy-orders at the current market price, the price will tick up. The volume of the order-flow being transacted is the key. For every buy-order, there must be a sell-order. When the buyer demand exceeds the available supply of sell-orders, the prices increase. When the seller demand exceeds the available supply of buy orders, the price will drop. This entire process is occurring constantly and the market is always trying to reach an equilibrium where buy-orders and sell-orders are continuously matched up to give us the current market price, for that specific moment.
The number of individual buyers and sellers is not as important as the amount of order-flow volume that each buyer or seller is transacting. The amount of order-flow volume being transacted at any one time and the aggressiveness of the submitted order-flow is essentially what moves the price. The degree of aggressiveness is the degree to which price will move. That is the story behind the up-ticks and down-ticks.
when you see a strong participation you won't see wicks , market makers tend to print engulfing candles. By other side once you start perceiving wicks= rejection. KEEP THIS POST
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Strenght of Supply Zone ( Educational Post)If you have been led to believe that the prices move depending on the number of buyers and the number of sellers; if the number of buyers is greater than the number of sellers, prices go up, & if the number of sellers is greater than the number of buyers, prices go down. Then you would be wrong.
The number of sellers or buyers is not what moves the price. What if one seller is doing all the selling to thousands of buyers? The price will go down. The answer to our question is that it is the degree of aggression of the buyers or the sellers and the volume of order-flow they submit is what moves the price. If a seller is aggressively executing large amounts of sell-orders at the current market price, the price will tick down with a lot of strength. If a buyer is aggressively executing large amounts of buy-orders at the current market price, the price will tick up. The volume of the order-flow being transacted is the key. For every buy-order, there must be a sell-order. When the buyer demand exceeds the available supply of sell-orders, the prices increase. When the seller demand exceeds the available supply of buy orders, the price will drop. This entire process is occurring constantly and the market is always trying to reach an equilibrium where buy-orders and sell-orders are continuously matched up to give us the current market price, for that specific moment.
The number of individual buyers and sellers is not as important as the amount of order-flow volume that each buyer or seller is transacting. The amount of order-flow volume being transacted at any one time and the aggressiveness of the submitted order-flow is essentially what moves the price. The degree of aggressiveness is the degree to which price will move. That is the story behind the up-ticks and down-ticks.
Strong participation
Massive candles in short period of time. Strong aggressiveness
Normal Participation
Normal trend . normal aggressiveness , normal volatility
Weak Participation
Weak degree of aggressiveness , weak volatility
Supply And Demand Basics (Educational Post)SUPPLY ZONE :
has a drop then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and drop and finally the retest.
DEMAND
has a rally then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and rally and finally the retest.
has a drop then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and drop and finally the retest.
If you have been led to believe that the prices move depending on the number of buyers and the number of sellers; if the number of buyers is greater than the number of sellers, prices go up, & if the number of sellers is greater than the number of buyers, prices go down. Then you would be wrong. The number of sellers or buyers is not what moves the price. What if one seller is doing all the selling to thousands of buyers? The price will go down. The answer to our question is that it is the degree of aggression of the buyers or the sellers and the volume of order-flow they submit is what moves the price. If a seller is aggressively executing large amounts of sell-orders at the current market price, the price will tick down. If a buyer is aggressively executing large amounts of buy-orders at the current market price, the price will tick up. The volume of the order-flow being transacted is the key. For every buy-order, there must be a sell-order. When the buyer demand exceeds the available supply of sell-orders, the prices increase. When the seller demand exceeds the available supply of buy orders, the price will drop. This entire process is occurring constantly and the market is always trying to reach an equilibrium where buy-orders and sell-orders are continuously matched up to give us the current market price, for that specific moment.
The number of individual buyers and sellers is not as important as the amount of order-flow volume that each buyer or seller is transacting. The amount of order-flow volume being transacted at any one time and the aggressiveness of the submitted order-flow is essentially what moves the price. The degree of aggressiveness is the degree to which price will move. That is the story behind the up-ticks and down-ticks.