Hi followers, This is very effective trend following strategy and we take entry only on trend confirmation which increases the profitable trades and also we can trail our SL if needed in this strategy. I have mentioned the indicators and how to use in the snippet. please go through the example and backtest on your selected stocks in all time frames and confirm...
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STRUCTURE --> ASCENDING TRIANGLE is a type of consolidation pattern formed after an Uptrend ( Markup Phase). --> ASCENDING TRIANGLE is a triangular pattern with a flat horizontal Resistance on the top and a Trendline that connects atleast two Higher Low swings from the bottom to the top of the Triangle. --> ASCENDING TRIANGLE is considered to be a ...
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When price break any well defined boundary above 200 DMA then high probability price continue the trend . Always near well defined boundary a reversal candlestick act as trend reversal .
Continuation Inverted Head & Shoulder Chart pattern act as a continuation of #trend . But a small concern for me is the distance between Price and 200DMA .
Introduction: Price trends do not usually reverse on a dime. uptrend and downtrend are typically separated by a transitional period or trading range, and trading range formation signal trading opportunities for traders. The trading range separating rising and falling price trends discussed here is a pattern known as a rectangle. This post will cover these...
TRADING A GAME OF PROBABILITY We know that market has random movements; the pattern behaved in the past cannot behave exactly the same next time so in a random market environment there are so many external factors that can affect the outcome of the trade, a trader cannot know all those factors. What you know is your EDGE (your strategy) which is certain in an...
PitchFORK + PitchFAn is very acuurate When it comes to find the point of reversal. In this chart one can easily find the point of reversal just by looking at important levels of pitchfork. If pitch fork is drawn accurately it will definitely help you in your intraday/positional trading. Draw pitchfor at daily time frame and then use it in your trading either...
basic of fibonacci and swing wise use of fibonacci retracement
FXOPEN:XAUUSD After a very Long channel Cool off Gold Might be ready for the next impulse Wave
on this chart you can clearly see a triangle pattern and a crucial support zone. This chart pattern is visible to all public what can you anticipate where the major stop losses would probably be place or when the buyers will panic. It is obvious around the support zone . The big players manages to make a small move in direction to the probable stop losses and a...
Foreword: Support and resistance levels are a critical part of trend analysis because they are used to make specific trading decisions. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces, or breakouts. These levels exist due to the influx of buyers and sellers at key...
📚 LEARN MORE 💰 EARN MORE Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance...
Ichimoku clouds are one of the best indicators to not only ride trends but also to avoid sideways markets. It has five components: 1. Conversion line 2. Base line 3. Leading Span A 4. Leading Span B 5. Lagging Span (not shown on the chart above) I would not go into details of how the calculations are made to draw these lines because the software would do it for...
1- price action above all. 2- if you are always thinking about trade that means that trade is bad. 3- emotional & mental health is important. 4- check all time frame. 5- give your trade enough time. 6- you doesn't need to trade every day. 7- learn to plan and structure for every trade. 8- 2 hours for search for a best trade. 9- don't believe anything you read...
Preface Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle. Here, we can see four reversals on the upper band, and three reversal...