Anchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart chosen by traders that quantifies the average price a market has traded at through a time period, based on both volume and price. This metric is important because it provides traders with a visual into the nature of the trend and the average technical value...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
The rules of elliot wave theory are strict, any break of the rule may lead into wrong analysis, always keep rules on your mind while labelling the waves. If you're a beginner, write down the rules in a sheet of paper, read it before labelling the waves. How to improve yourself? Practice! The more you practice, better the results. Regards
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
200 DMA is a great simple strategy which provides good RR trades such as this one. The idea here is simple. Markets tend to be range bound 80% of the time, which is called the contraction phase. The other 20% of the time the market is breaking out, called the expansion phase. To win the game, it is important to understand the probabilities and play the...
USDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . ....
The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication. Today,...
This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger...
Pullbacks can be traded using various methods. In this post, there would be 2 ways in which I like to trade pullbacks. The first one is depicted on the left side. It is the orthodox way of trading pullbacks. Method includes Fibonacci retracement and exponential moving average( period 21 is what I use, you can change it according to your preference). Fibonacci...
FLAG = Impulse + Correction - "Learn More Earn More" with us What makes the chart interesting today is that: . GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone. . Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest. . A rejection at the Flag range resistance, however, could lead to another retest of...
The market makes an impulse then makes a correction before making the impulse again.
Bitcoin is coiling for its next move. The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area. Keep an eye on $11,600 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE ...
There is a big difference between successful traders and amateur traders. Successful traders know how to allocate capital, calculate their risks, and move on after losing money. Ultimately, it is not what the trader knows, but who he is. The consistently profitable traders can ignore or subvert their natural tendencies to do what feels comfortable, and instead, do...
The majority of traders spend most of their time looking for good trades. Once they enter a trade, they lose control and either suffer stress from losses or are jubilant with pleasure. They ride along with these emotions and forget about the essential element of becoming a successful trader – keeping emotions under control. Winning traders know the importance of...
M&M up by 6% but ranging in an upper step levels. CTP is 184.90. Last two sessions shows good volumn and marginally good upward moments and if stock break 189.00 level (It's resistance zone based on one hour chart) and 191 level (it's an upper step level resistance zone) then the stock will go up. Be cautious as there may be profit bookings. But stock looks...
Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. ...