simple support and resistanceIf the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role.
Benickkingmethod
from monthly to m15 using smart money and retail baseWhat Is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analyses of a stock, commodity or other asset charts.
Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
KEY TAKEAWAYS
Price action generally refers to the changes of a security's price over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders. This is especially true when analyzing data covering different time periods.
Technical analysis formations and chart patterns are derived from price action.
Technical analysis tools like moving averages are also calculated from price action and projected into the future to inform trades.
Though many use price action to forecast future prices, prior price action does not guarantee future results.
from monthly to m15 using smart money and retail baseHow do I become a smart trader?
Here are a few characteristics of a SMART trader and some tips to improve your own trading style.
Smooth. Trading has a way of getting under your skin if you let it. ...
Mechanical. Trade as if you are a mechanic – follow a process. ...
Adaptable. Be disciplined in following a process. ...
Risk Averse. ...
Tool Oriented.
from monthly to m15 using smart money and retail baseThe world of trading has changed drastically over the past few decades, with individual retail traders becoming more involved in predicting price movements and understanding market dynamics.
While two and three decades ago, central banks and financial institutions could manipulate the markets without any individual trader knowing they were doing so, today, they do precisely the same. However, with advanced trading platforms and tools, retail traders can now use some special tricks to join these big players and use block orders as a trading strategy.
monthly to 15 mins using smart levelsSmart money refers to the capital that institutional investors, central banks, and other financial institutions or professionals control. Smart money is a collective force which has the ability to move markets. It is believed that smart money has a better chance of success than retail investors
gbpjpy against trade for daniel savageprice going to hit my way
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
entry based on break on the level of h4 and used some new techsorry for late signal but it will hit it you can ask any question about it
HOW TO USE MULTIPLE TIME FRAME ANALYSIS??
Iam trading for more than 10 years and i used every trading tools and strategies , example; order flow, sentiment, renko system ,point and figure and other very strong strategies but i understood this forex market is fractal(meaning what u see yesterday that repeats again and again in any time frame, so i found that multiple timeframe analysis is best, in past traders use only moving average and 1- days or 10 days closes breaks they generate bout 80% a year that time, but now brain have improved and people found so many techniques with that tools now we can generate any% of money, yes iam serious, now traders making more than banks, at the same time people losing more than bank,, but its natural because when you sell there should be a enough buyer that's vice versa for buying too, so i know so many strategies and in internet there are some 1st grade strategy, what is 1st grade
grades of strategy:
( grades are not based on risk to reward because quality is important more than quantity )
1st grades: minimum more than 90% accurate, minimum 1 risk to reward
2nd grade: more than 75% minimum 1 risk to reward
3rd grade; minimum 60% accurate minimum 1 risk to reward
4th grade: minimum 55% accurate minimum 1.05 risk to reward
i use 1st grade strategy i developed step by step even if i teach you you cannot trade like me because its the personality that matches not the knowledge, you can have 1st grade accurate even if you use only support and resistance but if it not matches your personality(meaning: patience limit, psychology, emotional intelligence, you may ask that if we had that type of accuracy you can become a billionaire yes you can but accuracy is not the judge weather you can earn a billion in trading its, the plan that desides you can make billion or million, you can have 98% accuracy but you cannot make billion or million with 0.01 yes but even you throw 1000 lots you cannot because you got 2% against your winning so you can see the billionaire traders as proof in the real world that accuracy is not matters but risking plan matters
what determines risk?
your risk is determined by the grade you have in the market
here are the risk you can keep for the grade.
1st grade=10% maximum
2nd grade= 7% maximum
3rd grade= maximum 3%
4th grade= maximum 1.5%
I can give you information for free that may increase your win rate; that is what iam going to tell you today
the secret of trading multi time frame is not choosing 2 time frame that you like, but instead choosing what is the pair time frame THAT WORKS!!,you can use.
HERE ARE THE PAIR TIME FRAME THAT GIVES MORE WIN RATE:
SCALPING; 15 MINS- 1 MINS
DAY TRADING; 4H-1H-15MINS
SWING TRADING; W-D-4H
POSITIONAL TRADING; M-W-D (FUNDAMENTAL ANALYSIS NEEDTED )
IN NEXT POST I WILL TEACH ABOUT MIDDLE TF LEVEL OR BIG SCREEN LEVEL THAT WORKS IN THE SMALLER TIMEFRAME ,
THANKS FOR THE TRADINGVIEW TEAM THAT SREADING THIS INFORMATION!!
WHAT IS PAIRED TIMEFRAME AND THE SECRET BEHIND ACCURACY AND RR! sorry for late signal but it will hit it you can ask any question about it
HOW TO USE MULTIPLE TIME FRAME ANALYSIS??
Iam trading for more than 10 years and i used every trading tools and strategies , example; order flow, sentiment, renko system ,point and figure and other very strong strategies but i understood this forex market is fractal(meaning what u see yesterday that repeats again and again in any time frame, so i found that multiple timeframe analysis is best, in past traders use only moving average and 1- days or 10 days closes breaks they generate bout 80% a year that time, but now brain have improved and people found so many techniques with that tools now we can generate any% of money, yes iam serious, now traders making more than banks, at the same time people losing more than bank,, but its natural because when you sell there should be a enough buyer that's vice versa for buying too, so i know so many strategies and in internet there are some 1st grade strategy, what is 1st grade
grades of strategy:
( grades are not based on risk to reward because quality is important more than quantity )
1st grades: minimum more than 90% accurate, minimum 1 risk to reward
2nd grade: more than 75% minimum 1 risk to reward
3rd grade; minimum 60% accurate minimum 1 risk to reward
4th grade: minimum 55% accurate minimum 1.05 risk to reward
i use 1st grade strategy i developed step by step even if i teach you you cannot trade like me because its the personality that matches not the knowledge, you can have 1st grade accurate even if you use only support and resistance but if it not matches your personality(meaning: patience limit, psychology, emotional intelligence, you may ask that if we had that type of accuracy you can become a billionaire yes you can but accuracy is not the judge weather you can earn a billion in trading its, the plan that desides you can make billion or million, you can have 98% accuracy but you cannot make billion or million with 0.01 yes but even you throw 1000 lots you cannot because you got 2% against your winning so you can see the billionaire traders as proof in the real world that accuracy is not matters but risking plan matters
what determines risk?
your risk is determined by the grade you have in the market
here are the risk you can keep for the grade.
1st grade=10% maximum
2nd grade= 7% maximum
3rd grade= maximum 3%
4th grade= maximum 1.5%
I can give you information for free that may increase your win rate; that is what iam going to tell you today
the secret of trading multi time frame is not choosing 2 time frame that you like, but instead choosing what is the pair time frame THAT WORKS!!,you can use.
HERE ARE THE PAIR TIME FRAME THAT GIVES MORE WIN RATE:
SCALPING; 15 MINS- 1 MINS
DAY TRADING; 4H-1H-15MINS
SWING TRADING; W-D-4H
POSITIONAL TRADING; M-W-D (FUNDAMENTAL ANALYSIS NEEDTED )
IN NEXT POST I WILL TEACH ABOUT MIDDLE TF LEVEL OR BIG SCREEN LEVEL THAT WORKS IN THE SMALLER TIMEFRAME ,
THANKS FOR THE TRADINGVIEW TEAM THAT SREADING THIS INFORMATION!!
entry based on break on the level of h4 and used some new techin here i used some new technology indicators i hided them but basically when candle closes above the level in the higher time frame you can wait at the opposite wick and take a recement entry and hold there , remember to trail always,, all the best
NOTE THAT MY RISK TO REWARD IS HIGH BUUT I MISSED THIS TRADE SO I ENTERED NOW AND SETTED SL AT MY ENTRY AND MY TP POINT IS SAME
entry based on break on the level of h4 and used some new techin here i used some new technology indicators i hided them but basically when candle closes above the level in the higher time frame you can wait at the opposite wick and take a recement entry and hold there , remember to trail always,, all the best
Gold high probability (PREMIUM SIGNALS FOR FREE) Benickking.goldi made this analysis by seein in 1hour and 15mins you can ask how it can be a swing lastly i had a entry on gold that took 3.5 days to hit my tp so thats the volatility and the sentiment movement of that pair i dint do any sentiment analysis and some fundamentals because my technical analysis itself going too good you can buy again in the retracement or buy now and when you are in blue then use trailing stops to scale it and when it hitted again wait for stochastic to move on my direction and take buy and trail it , once you know the direction you can take any indicators signal i gave the direction you can take any indicator and then wait for signal that in my direction take it and remember one thing you have so many opportunity to make money so trail it!! use 5mins or 8mins time frame only or 15 mins.. but strictly not 1 minutes