Gold off to another take off?OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines, support, pivot standard, and Fibonacci levels. It is a great time to be alive and see gold with a support at 1883 on the 15 min chart, make sure to go through all time frames for stronger levels.
Fundamentals are also at play here since no good news surfacing the planet yet. There is a list of good news headlines to watch out for that could make this downtrend: Covid-19 Vaccines; End of Recession; DXY uptrend; US Elections,which we will probably see August or September.
When you have two or more levels come together at a certain point on your chart that is called confluence zones, they can further validate the areas.
If you liked the chart please leave a thumbs up and check my previous analysis as it will motivate me to continue. Have a great weekend & Happy Trading!
About my style of analysis, I like a simplistic route of Naked Forex and Candlestick patterns. I do combine tools, but I don't like to base my analysis on indicators alone even though they are great help for confirmations sometimes.
While embarking on this trading journey remember to pick whatever style works for you, everyday is a learning experience. If you have any trading ideas please drop in the comments.
This chart is for educational proposes only, this is not financial advice.
KEY LEVELS
R3 1937.47
R2 1917.95
R1 1902.75
PP 1883.23
S1 1868.03
S2 1848.51
S3 1833.31
Tutorial
Plan Your Trades BEFORE Market OpenBefore the trading day starts its imperative to have a plan. This will keep you from making decisions on-the-spot which are usually emotionally driven. We all suffer from our emotions affecting our trading, so we need to do everything we can to limit these affects.
Make sure you are taking into account support and resistance on the monthly, weekly, daily, and 4 hour chart. You can drill down further to using 1 hour and 5 minute, or even a 1 minute or 30 second chart, but first you must have the other time frames charted out.
Make sure you only draw support and resistance lines that will trade on. Anything else is just noise and a distraction. Many new traders draw trend lines and support lines everywhere they see them, which will later overwhelm the trader and make it impossible to trade.
When you draw a trend line or support/resistance line, Tradingview gives you the option to select which time frames they appear on. So if you don't want your 5 minute trend lines appearing on your monthly chart, I suggest creating a template called "5 Minute" for trend lines and unchecking the higher time frames. This will give you a much cleaner chart.
I use arrows to dictate where I will long and short. I move them later into the day if they happen to get in the way.
If this helped you in any way, please leave a like and follow!
FAIRCHECM SPECIALILTY - BAT PATTERNFairChem Speciality daily chart has a Bat Pattern Probability
Bat pattern is the most common and frequent pattern among all other harmonic patterns and the best part is,it gives you a better risk: reward ratio.
.886 Fib Retracement of XA leg and 2.618 projections of BC leg , whenever these two ratios aligns in close proximity, it provides a tight zone to execute a trade entry with good risk reward ratio.
ADA USDT - Symmetrical Triangle Breakout (Tutorial and Trade)~~SYMMETRICAL TRIANGLE BREAKOUT TRADE TUTORIAL~
This Cardano ADAUSDT setup gives us a text book example of a Symmetrical Triangle Breakout.
These chart patterns hit their target 69.5% of the time in bull markets.
A Symmetrical Triangle can be identified when price forms Lower Highs and Higher Lows.
Price action will occur between two sloping trend lines that eventually intersect.
This pattern is 30 days into forming, and we can measure 40 bars from beginning to apex.
Symmetrical Triangles will generally breakout at 73% pattern completion, so at 75% this is perfect.
Targets can be calculated one of two ways.
Method One: Subtract the Lowest Low from the Highest High in the formation.
Add this difference to the closing price of the candle that breaks out.
Price generally reaches the target within a month.
Method Two: Symmetrical Triangles can act like pennants and flags.
This means they can mark the half-way point for a larger market movement.
In that scenario, we can measure from the previous Swing Low to
the Swing High that begins the triangle.
Here is a chart example of Method Two, where the Symmetrical Triangle acts as the midpoint of a larger measured movement.
Rules for Trading Symmetrical Triangles
1. Symmetrical Triangles generally breakout in the direction of the trend. That is, if price was moving up before the triangle formed it is more likely to break to the upside.
2. Wait for the breakout! Always wait for the breakout. Once price breaks out, trade with the trend.
3. Watch for busted patterns. Sometimes, price can breakout in the opposite direction from which you intended. When this happens, watch to see if price reverses soon and begins heading in your original direction. Trading these setups can be profitable.
4. Watch for price to stall out in the direction of the breakout. If price struggles to get more than 5% away from the breakout,then consider exiting the trade and re-entering on greater volume or momentum.
When price stalls, it often reverses.
I hope you enjoyed this Symmetrical Triangle Tutorial and Cardano Trade Setup. Trade safely!
the swap window When can I swap? And when does the swap window close?
About 4 months from the start of the contract initialization for users to swap their tokens.
The contract was initialized at timestamp 1,589,485,972 and will allow at least 9,676,800 seconds (about 4 months) to do the swap.
This means that the swap window will be opened until September 3, 2020 7:52:52 PM UTC, at the very minimum (1,589,485,972 + 9,676,800 = 1,599,162,772 UNIX).
New Pine Updates - Line.get_price(), label styles and much moreHello,
This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features:
- line.get_price() - a function used to get the price of a line object on the chart at a specific bar value
- label styles - how to use the new styles added into Pine for your labels
I also discuss some other new features such as:
- label tooltips
- the addition of Candlestick patterns as built-in indicators on the platform
- syminfo.basecurrency
- timezone parameter when getting a bar's time
Thank you!
'Position Sizing' for beginners - XAUEURIn this example I'm gonna show you how important is the entry point.
With same levels for stop-loss and take profit, one position will give you the opportunity to earn 3 times more than the other.
It doesn't mather if the position is a loss or a win, I just want to visualy show you the importance of the entry.
Forex Price Action AnalysisHere we have Really good Setup and price also holding Very well
1) we have very big Wick (shadow) Candle this is the alert time in any trade.
2) we have doji which is for reversal (not all the time) but Volume is good
3) we made bullish candle and bouncing from Support support is Solid.
so when we find the good Support we are ready to buy the retest as always so here we are buying the retest with stop loss below Support
so here we got really decent profit with very small stop loss. and good gain
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
Blox Will Also Move (How To Trade, General View)Patience is the key to success while trading, also having a plan before getting started... You can ask me, I learned the really hard way.
Looks like Blox (CDTBTC) it's done consolidating since prices are already moving above EMA50 (magenta line).
Since the first break of support in March, we have a wait of 70 days, for many people this is a very long time and they fail to wait, hoping to switch around and earn a fast buck.
It turns out that once you move out of a trade out of greed/desperation, the next one takes longer and the one you just sold starts to grow.
So think twice about how much you would wait before jumping in...
What to do if prices go down?
What to do if prices go up?
We always use a stop-loss, average around 15%-35%, and set our sell orders on target before the prices start to move up.
If prices drop we close the trade.
If prices move up we collect profits as the orders filled up.
I am just sharing my experience...
Make sure to do your own research...
And I wish you lots of success, health, wealth & love.
Namaste.
How a RETEST works - with Trade IDEA - Pullback explained(Note for professional Traders: If you have some experience on this strategy or
if you feel like something is missing, please comment, so everyone can benefit from it :) Thanks in advance!)
Hi Traders!
Have you ever been in this situation:
The market is clearly in an Uptrend.
Big, Green Candles moving up.
Making higher highs and lows.
Breaking all the major Resistance.
Because of all of this, you hit BUY.
Now...
The market makes a 180° U-turn.
You see your trade is losing.
The Big green candles are now red candles.
Falling towards the Support.
Let's move on...
You think, the Up-Trend is over now.
You now see some red candles in the chart.
You think the trend has changed.
You want to be the one how rides the huge Down-Trend.
You hit SELL.
OK...
The market uses this Support and is Continuing the Up-Trend!
Ouch :(
So, in this idea you'll discover what those so called "Retests" are.
Ask yourself: When does a Retest occur?
If you think correctly, you might have a picture of a breakout in your head.
This Breakout can be anything:
Support and Resistance
Trendline
Fibonacci Levels
Parallel Channel
SMA 20, 50, 200 ...
EMA or other trending indicators
etc. think of anything
After the Breakout the Retest can occur at any time.
NOTE: A Retest does not occur on every Breakout! The market occasionally breaks out without a Retest.
Here we listed some "sorts" of the Retest:
The "classic" Retest
This is the kind of Retest which you can find in every trading book.
Let's get an example:
The market just broke out from major Resistance.
Since there is price action in the movement, the price even moves a few pips further.
It suddenly stopped, made a 180° U-turn and it makes a Pullback.
It tested the previous Resistance (now it is a Support) and continues higher.
What you can use to predict the Retest is over:
- use the 20MA
In a strong Trend the 20MA is often the key level many traders are watching.
So if you notice that the market and the 20MA are far away from each other, than wait for a Retest.
If both are touching each other, the market often continues higher.
- use false breakouts
If you notice that the Support gets broken and fastly comes back, this is a sign that bullish power exists.
Buy the False Break.
- use other indicators
It is also possible to trade it with Bollinger Bands or Parabolic SAR...
The long Retest
As you can see in the third example of the chart, the market broke out and immediatly retests the trendline.
Then it moved very long on the other side of the trendline and finally moves further.
If you zoom in, you can notice a little Trendline which gets broken.
This could serve as an Entry Trigger.
Watch out for other sorts
These Retests can - as every pattern in trading - come up in every kind.
You have to watch it yourself!
In the chart of USDCAD we highlighted three (potentially four) Examples of the Retest.
We hope that we helped you with this idea.
Please like, follow and comment!
Thanks and successful Trading :)!
Bitcoin - What is GAP?You may have noticed that I often use the word GAP, after many questions about what it is. I thought I'd tell you.
What is GAP?
If translated verbatim, a GAP (GAP) is a gap, the difference between quotes on Friday and the opening of the market on Monday. And if the difference between the closing price on Friday and the opening on Monday is significant, then a jump will occur. That is, the price is noticeably higher or lower than the price that was on Friday and it is clearly visible on the chart, as in the example below:
We can see that the closing price on Friday was about $9295 and the opening price on Monday was $9705. That is about 410 points higher than the closing price on Friday:
And this gap, which is formed between the market close price on Friday and the opening price on Monday, is called the GAP. Naturally, a GAP is not always formed. On average, it can be seen once a month and is more common in Forex and stock markets. Sometimes more often, sometimes less often, but the fact is that GAPs happen and you can make money on them.
Why do GAPs happen?
GAPs occur because during the time when the market is not active, namely over the weekend, a certain number of sell and buy orders are accumulated. And when the market opens on the night from Sunday to Monday, these very orders collapse and create a jump, as we saw on the chart earlier.
Of course, this does not always happen, but only when there is a significant advantage in Buy or Sell orders accumulated over the weekend. Market makers see a huge number of Buy or Sell orders and, accordingly, we see the price visually above or below the market close values on Friday.
As for the crypt currency: the futures market does not work over the weekend, while the crypt currency exchanges work 24/7, the price during the weekend can be called.
It is worth noting one important point. As a rule, GAPs tend to close.
Let us consider an example:
Why do GAPs tend to close?
The fact is that when the market opens significantly higher or significantly lower than Friday's price, then many orders are activated, many pending orders to buy or sell. Naturally, the stops of these orders are located near the Friday closing price. And thus market makers try to knock out the stops of those guys whose orders have worked at the opening of the market and take their money for themselves.
After the gap was closed, the market can go absolutely in any direction. There are no special regularities here. In general, the gap tends to close, but sometimes it happens that there is a jump in opening prices on Monday, and it continues. It happens only when there is a strong trend movement or some fundamental factors come into play. For example, something could have happened in the economy over the weekend. That is, there is a tendency to close, but not always. You should keep that in mind!
The probability of closing the gap is ≈ 70%
Push ❤️ if you think this is a useful idea!
Thanks for your support!
BTC / USD Retention of a position in a trend. Important area.Bitcoin is currently moving in a strong bullish uptrend. Retention of your initial position is actual while the trend continues. An ascending wedge continues to form. This is a bearish formation, but the trend is still ongoing. It is possible to apply the pyramiding trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool.
A break in the price of the trend line (green) and fixing the price below it will indicate the weakness of the bulls, and as a result of a potential trend reversal. On the graph, for clarity, I showed the existing and past local uptrend, so that you understand the logic of work.
On the chart, I also showed an important zone and all the main trend lines. For bullish further development, it is very important that the price fixes above the downtrend line that I showed in blue.
If you are not in a position on this instrument, then you can simply observe the development of events for the trading experience in the future.
In this trading idea, I showed the global trend of the BTC / USD pair.
Pay attention to the lines of the secondary trend. Read in more detail in the trading idea itself. There I gave a lot of information. Also, I predicted all price movements over the past year. Everything is shown on my trading ideas.
BTC/USD Trend. Important area. Potential. Fantastic scam
Also, a similar situation is formed on the ETH / USD trading pair, but a more pronounced formation of the rising wedge.
EDUCATION Preservation of a position in the ETH / USD trend. Trading idea of the past + 70%
The profit on this coin from the entry point is already + 70% and the trend continues.
My past trading idea for this ETH / USD trading pair. March 31, 2020
ETH / USD Triangle. The price is shrinking. Coming soon.
A similar situation on bitcoin in June 2019.
BTC is moving in an uptrend. Repeat 2014 or 2017?
The trend stayed at the important zone and the price fixed under the trend line .
An attempt to return the price to an uptrend was unsuccessful.
What served as a signal of a reversal of the then upward trend on Bitcoin . And the formation of a bear measured move
BTC possible formation of a global triangle. Jun 28, 2019
BTC possible formation of a global triangle. Altcoin pumping
Trading with the trend Option of forming a global triangle Jun 27, 2019
Trading with the trend Option of forming a global triangle
And a very similar situation was at one time on LTC a month before halving.
LTC trend trading. Crowd training before halting BTC Jun 25, 2019
Well, after a while. We saw a breakdown of the upward trend line .
As history showed that the breakdown before the halving served to reverse the current trend and the emergence of a downtrend.
I will continue the example of trend trading on the same coin.
As we see the downtrend continues.
Potentially work in a hypothetical downward channel that may form.
LTC uptrend is broken. Trading in a downward channel. Aug 14, 2019
As we see from the history of the channel and formed. Work on this tool continues.
Trading idea + training. Nov 1, 2019.
Pyramiding money management. 2 part. Short LTC / USD.
In this training idea, I described how I worked on this LTC / USD pair long before the trend reversal. It is relevant now to work on BTC / USD, but only to those who can trade. It is better for beginners to work with symbolic amounts of money for experience, or just watch how the price is now quite high in the local trend.
Pyramiding money management. 1 part. Long LTC / USD
All the information I provide is completely free. I make enough money from trading because I don’t need to sell hamsters a trading ploy from “super traders”. Money has not interested me for a long time.
I don’t have any “signals”, “training”, trust account management, paid groups and other heresies to deceive stupid hamsters that are used by “super-traders” who are successful only in theory, but in real trading are unprofitable, like hamsters themselves .
I wrote and published many articles in the public domain on the Internet, including on this site. Read and develop your trading skills.
I give a lot of information about trading in general, classical trading, trading strategies, as well as a lot of information not related to books, which you will not find either in TA books or in paid channels of “super-traders”. For example: price management, how to make pumps, dumps, price traps, hamster dumps, the language of numbers and other prohibited topics.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
Micro-trend exploitationI share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show.
This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill.
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.
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
______________________________
1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
____________________________________
The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin .
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
___________________________________________________________________________
LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern .
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC .
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD .
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
______________________________________
2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD , as if a continuation of this formation. This is a price movement in an upward or downward channel . In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
LTC / USD 1 day. Harmonious bearish pattern "Three movements" ( ascending channel ).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" ( downward channel ).
As we see, the next correction wave reached the resistance line of the downward channel . The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
BTC/USD Trend Trading. Important area. Potential. Fantastic scamBTC / USD Trend. Price redrawing of the main BTC trend and, as a result, the upward channel. Halving. Important area. Fantastic scam of the century.
The maximum potential of the Lord’s ascending channel, if there is a breakdown and consolidation above the downtrend line of the secondary trend + $ 113,000.
Trend lines, ascending channel, important zones and price levels are shown on the chart.
My last trading idea that was published almost a year ago on June 27, 2019 about the potential formation of the structure that is currently being formed on this instrument. The time frame at this distance also almost coincided.
BTC is the possible formation of a global triangle.
In this trading idea, which was published almost a year ago, everything coincided, not only the price movement that I predicted, but also the time for its formation.
Trading with the trend Option of forming a global triangle June 27, 2019
This is the idea of trading - learning, which was published in February 2020.
After reading it, you will understand why I on the chart now drew two channels superimposed on each other. During the breakthrough of the triangle down, the price slightly redrawn the main trend (yellow line). If you have a clear scheme of work and discipline in your work, you physically cannot trade in any market at a loss. Rock your brain, not your desire.
EDUCATION Trading on trends and important directions using the example of Bitcoin.
Read about trends in this educational idea, this will give you an understanding of how to work in the market. Information is relevant both for global trends and for local ones.
TRAINING. Theories of the Dow. Types of trends. Phase TRON. Still a little)
Century scam. Fed. Gold increase from $ 20.66 to $ 1800
1933 Confiscation of Gold from US People
1971 The dollar became independent of the price of gold.
I also ask you to read this article with understanding.
the entire price history of the Dow Jones Index movement from 1915 to 2020. The article is very extensive. Do not be lazy to read and understand.
I emphasize once again that all these events with gold, the dollar, the economy in the past and now are very connected at the moment with cryptocurrencies (the new single world currency). This is a global plan, planned in advance and implemented in stages.
Dow Jones 1915-2020 History of key U-turns. The situation is now. Options for the development of price movement.
Well, in this idea, a trading article - tutorial, you will see how to make big money where the crowd sees hopelessness and falling prices.
Once again, I emphasize that I do not have cryptocurrency training articles on old charts where all are super traders. I show everything on my ideas. For this pair, XLM / USD showed a trading history for 8 months, and I trade it much longer. I don’t think that “super traders” sellers of training courses or signals in telegram channels will teach you this for a fee. I have everything in the public domain, use it for free.
BIG SECRET. For example, a bunch of pairs XLM / USD + BTC / USD Digit language
The total profit at the moment for a cycle of 213 days for this pair is:
1) + 156% (long).
2) + 68% (short).
3) + 102% (long).
4) + 68% (short).
5) + 156% (long).
To have a large monetary resource, you need to have a large intellectual resource for its management. Unfortunately, most people have only the desire to have a lot of money, but there is no intelligence to receive it.
Develop your brain and skills.
Identifying supply & demand zone for swing tradingIn this video, I am going to how you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video - identifying support and resistance for swing trading video. Feel free to watch below if you haven't done so:
There is one key factor that I pay attention to, which is the price spread. I would like to see big spread bar where the price accelerates to the upside or to the downside. If we have access to the volume, we will generally see high volume for those supply or demand bars. Those big spread bars will form the supply or demand zone.
Pattern Triangle - How to find? how to use in a right way?Triangle is one of the most populat pattern. A lot of traders are trying to use, but mostly thay can not find it, or are drowing it in a wrong way. In this video I am searching patterns with you and also will give you most important principals for trading with it.