If 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.
What 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...
How 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.
The 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...
Smart 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
price 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.
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...
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...
in 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...
in 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
in 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
i 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...
this isnot a clear setup because we know that we must bos the h1 but its rejecting multiple time and it was corrective on a h4 too and there is an order block on a h1 and i main bos and edz entry on h1 and 15mins so i took this trade
