Price Action Trading The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation, as used by many retail traders and often institutionally where algorithmic trading is not employed....
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Lesson 6. Rules application
Trading is an Art, not a Science The systems and ideas presented here stem from years of observation of price action in this market and provide high probability approaches to trading both trend and counter trend setups,...
Read MoreLesson 5. MACD
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in an Asset’s price. Trading interpretation Exponential moving averages highlight recent changes in a stock’s price. By comparing EMAs...
Read MoreLesson 4. RSI MACD STOCH RVI Indicators
The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. MACD, short...
Read MoreLesson 3. Elliot Wave Chart Patterns, Classical Chart Patterns and CandleStick Chart Patterns
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. The Classical Chart patterns, There are hundreds of thousands of market participants...
Read MoreLesson 2. Elliot Wave Patterns
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors....
Read MoreLesson 1. Basic Logic Behind Price Chart
Impulse: very strong candles appearance into particular direction means impulse appearing and trend can continue into that direction. Correction: Usually small candles or corrective candles show that less momentum into the particular direction of the market and price can change...
Read MorePatterns Identification For Trend Continuation Trade Setups
Hi fellows, This is an example for patterns identification in a bearish market many traders struggle to identify patterns in a particular trending market for Trend Continuation Trade Setups. This is a perfect example for Pattern Identification. 1. IMPULSE ( First Entry …
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