Tradingstrategies
EURNZD ____ INCOMING BEARISH MOVEHello Traders,
This pair has rallied for the longest, however, last week it printed a bearish CHOCH on the daily timeframe.
My speculation is for price to trade into the orderblock it created and continue the bearish move. Once price trades into the orderblock, I will go into the 1-hour timeframe to watch for a CHOCH before going short.
See the analysis of correlated pairs below: NZDCHF & NZDSGD
Follow for more updates like this
NZDCHF ANALYSIS
NZDSGD ANALYSIS
Cheers,
Jabari
Unveiling the Battle Between Buyers and Sellers🕯📈🤝
Introduction
Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment, provide real-world examples, and equip you with the knowledge to make informed trading decisions.
Understanding Candlestick Bodies
The body of a candlestick represents the difference between the opening and closing prices within a specific time frame. Its size and color convey essential information about the battle between buyers (bulls) and sellers (bears).
Interpreting Candlestick Body Size
1. Large Bullish Candle Body:
A candle with a large bullish body indicates strong buying pressure. In such cases, the closing price is significantly higher than the opening price, suggesting that buyers have dominated the market during the given time frame.
2. Large Bearish Candle Body:
Conversely, a candle with a substantial bearish body signifies strong selling pressure. The closing price is well below the opening price, indicating that sellers have dominated.
3. Small or Doji Candle Body:
A small or doji candle body suggests indecision or a balance between buyers and sellers. The opening and closing prices are close, and the body may appear as a thin line or a small box.
Relevance and Trading Strategies
1. Trend Confirmation: Large bullish or bearish candle bodies can confirm the strength of an existing trend. Traders may use such candles to enter or add to positions in the direction of the trend.
2. Reversal Signals : Small or doji candle bodies near support or resistance levels can signal potential trend reversals. Traders watch for follow-up candles to confirm reversal patterns.
3. Volatility Assessment: Candle body size can also provide insights into market volatility. Larger bodies often accompany higher volatility, while smaller bodies indicate calmer market conditions.
Conclusion
Mastering the interpretation of candlestick bodies is a valuable skill in forex trading. It enables traders to gauge the strength of buyers and sellers, confirm trends, identify potential reversals, and assess market volatility. By incorporating this knowledge into your trading strategy, you can make more informed decisions and enhance your ability to navigate the ever-changing forex market. 📊🕯📈
Please, support my work with like and comment!
Love you, my dear followers!👩💻🌸
CADCHF: descending channelThe CAD/CHF is moving within a descending channel. Currently, a strong support is holding the price, and if it breaks, a significant decline is expected. However, there's a possibility it might return to the top of the channel before that. Nevertheless, if it were to break out of the channel to the upside, I anticipate a larger correction.
If you find it useful, like, follow, share!
Good trading!
Understanding Price Gaps and Their Significance 💱🌉📉
In the dynamic world of forex trading, price gaps, often referred to simply as "gaps," are a phenomenon that can significantly impact market analysis and trading decisions. Understanding what gaps are, how they occur, and their implications is crucial for any forex trader. In this comprehensive article, we'll explore the concept of gaps in forex, provide real-world examples, and shed light on their relevance in your trading journey.
Unveiling Price Gaps
A gap in forex refers to a sudden, substantial difference between the closing price of one candlestick and the opening price of the next. These gaps typically occur in the forex market during times when trading is closed for the weekend, such as between Friday's closing and Sunday's opening, or due to significant economic events, news releases, or geopolitical developments.
Types of Price Gaps
1. Common Gap (Area Gap):
This type of gap is characterized by a moderate price difference and often gets filled relatively quickly. Common gaps are generally considered less significant for trading analysis.
2. Breakaway Gap:
Breakaway gaps signal a shift in market sentiment and often occur at the start of a new trend. They tend to have larger price differences and are of particular interest to technical analysts.
3. Exhaustion Gap:
Exhaustion gaps occur near the end of a trend and indicate waning momentum. They are often followed by a reversal in price direction.
The Significance of Gaps
1. Support and Resistance: Gaps can act as support or resistance levels. Traders often observe whether a gap gets filled (prices return to the pre-gap level) or remains open, as it can provide insights into future price movements.
2. Market Sentiment: Different types of gaps reflect varying levels of market sentiment. Breakaway gaps signal strong conviction, while exhaustion gaps suggest potential reversals.
3. Trading Strategy: Traders may incorporate gap analysis into their strategies, such as trading breakouts or reversals based on gap patterns.
Gaps in forex trading are intriguing phenomena that provide valuable insights into market sentiment and potential price movements. By understanding the types of gaps and their implications, traders can make more informed decisions and better navigate the complexities of the forex market. Whether you're a seasoned trader or just starting, bridging the knowledge gap about gaps can be a game-changer in your trading journey. 📊🌄🚀
What do you want to learn in the next post?
Is GBPUSD going to hit its daily target - Stretch principleThis trade we are looking at on GBPUSD is based on the stretch principle. We have entered on a pending order where the high was for today as in the chart image. We are taking the trade according to our smart money framework indicator and our trend alignment with the the higher timeframes.
E - 1.2690
SL - 1.2654
T - 1.2715
So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
3.Stretch principle videos
Refer to related ideas links as below
Is US30 low at 34023 going to hold and become a weekly P1?We have entered on 4h confirmation bar and as of this week, the 4h bottom has gone onto confirm the bottom on the daily timframe. Let's see if it continues further upwards and go onto confirm the bottom on the weekly timeframe according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
Previous reference image
Volume spike on 4h chart
XAGUSD (Silver) ____ INCOMING BULLISH RALLYHello Traders,
It's been a while since I made a post here, but I'm back.
Silver is currently trading just above a weekly order block which I expect to trade lower to enter into the demand zone. You will also notice that if you take a look at your weekly chart, price formed a clean CHOCH and it is expected that the bullish rally continues.
To add confluence, look at your dollar index (TVC) and you will notice that the price is just a few bullish candles away from the weekly supply order block.
I will be making more posts like this.
Follow for more.
Cheers,
Jabari
Is BTCUSD low at 25350 going to hold this time?We have entered on 4h confirmation bar and as of tuesday this week, the 4h bottom has gone onto confirm on the daily timframe. Let's see if it continues further upwards and go onto confirm the bottom on the weekly timeframe according to our smart money framework indicator.
BTCUSD(Long)
E - 26626
SL - 25827
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
Previous reference image
Is Brent going to hit its daily target - Stretch principleThis trade we are looking at on Brent oil is based on the stretch principle. We have entered on the close of the confirmation bar(the one with the dot) according to our smart money framework indicator and our trend alignment with the the higher timeframes.
E - 1.2643
SL - 1.2547
T - To be confirmed(TBC)
So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
3.Stretch principle videos
Refer to related ideas links as below
Is GBPUSD low at 1.2547 going to hold and become a W bottom(1)We have entered on a 4h bottom confirmation according to our smart money framework indicator and for it to go onto confirm the bottom on daily and then weekly.
E - 1.2643
SL - 1.2547
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
THE ART OF RANGE MANAGEMENT - WITH THE TREND OR AGAINST Hey Everyone,
Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions.
Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!!
In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something.
Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down.
You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture.
Hope this post helps our followers to understand how we keep our psychology strong!!
GoldViewFX
XAUUSD TOP AUTHOR
GBPNZD ____ INCOMING BEARISH MOVEHello Traders,
GBPNZD has been heavily bullish and with this bullishness, it created imbalances which can also be referred to as price inefficiency which would be made efficient or rebalanced in the future.
Last week, there was a bearish CHOCH on the daily timeframe which indicates a shift from bullish to bearish. Could this mean that price is ready to rebalance the inefficiencies? I don't know but the probabilities are positive.
I will be waiting to see if price will trade into the daily supply orderblock. When this happens, I will go into the 1hour timeframe to see if there will be a shift in structure to go short. If I don't see, I don't trade.
Price might not get to the order block due to the strong bearish move and just continue. Our job is to wait.
See below for correlated pairs: EURNZD, NZDCHF & NZDSGD
Follow for more updates like this.
EURNZD ANALYSIS
NZDCHF ANALYSIS
NZDSGD ANALYSIS
Cheers,
Jabari
USDJPY: Strong Support and Upward TrendThe price reached a strong support level and touched the ascending trendline. With a long-term upward trend, I expect further upward movement. It is worth examining the processes on lower timeframes and looking for entry points.
If you find it useful, like, follow, share!
Good trading!
CRUDE OIL UPDATE, LAST ZONES FOR BULLS For me, everything above 80 dollars is bullish. Bounced back from the last range and fib 0.381.
We are also at the VAH of the previous range, the 50 and 200 daily EMA that it currently holds. In front of this zone comes the 50 100 200 daily MA.
I would most like to see scam wick to VAL which is also 0.618 fib 73.28$
Two big trades with real risk reward that can go through.
I'm not sorry if this strategy doesn't work, the last two chances for the bulls and should be used.
Best luck.
USOILLast time I hung up when there was a daily 3 divergence on Daily and retest VAL and I wrote that I expect another retest. Now we are testing POC plus a few minutes ago we received positive news that there is even more stimulation compared to August 16. There is also a 4h divergence on momentum and RSI here, the stop below the start is worth trying.
Tell me your opinion about this!
RUNE gonna rune?Most crypto asset are all going to test the May 2022 level before getting rejected. Some get there, so do not and get there and pass it but still get rejected over time. Rune started similar race toward same level and it is still holding, but will that continue till the top of 2021, I doubt it, but if it does, its goo for entry 3. For now i expect the direction as shown on the chart using the CSTP indicator to analyze the market volume sentiment conditions.
#tradesmartly
Is BTCUSD low at 28477 going to hold and become a W bottom(2)This is in reference to our previous idea of looking at a potential entry on daily seller bar high to be taken out for price to continue further upwards and go onto confirm the bottom on daily and then weekly according to our smart money framework and indicator.
The bottom has not held and price is going further down. The trade is now invalid and the
order will now be cancelled. Refn image from our previous idea as below.