Crude Oil 30 min Chart on Oct 17

2022-10-18

: Futures Trading

Exhaustion Reaction at the Support and Resistance

Which Wave Are You In The Market Cycle? It is so important to know where you are in the market cycle. Are you in wave 1, wave 2 or wave 3? If you are trading wave 1, you can go for a big move. However, if the market cycle in wave 3, you can do only scalping. Multiple Time-Frame Alignment Identify the resistance and support in larger time frame such as 30 min chart to trade 1 min chart. It is one of the most important factor in success in trading. Support levels in confluence with 1 min chart + ...

: Real Trading Result

MATIC BUY 11/09/21

Bought @1.7899 Reasons Why I Bought Uptrend Back to 21 MA Back top Keltner channel %R oversold Target 1/2 - Top of Keltner Channel 1/2 - Hold and let it ride %R >80 (optional) Current MATIC Chart MATICUSD Chart by TradingView

: Futures Trading

Trade with 1-2-3 Waves and No Waves

The locations are among the most important in trading. The significant locations include: VWAP including 1sigma, 2simma 200 EMA Fib retracement The previous day's High, Low, Close The Current Day's High, Low However, you can improve the odds of success by counting the waves. Typically after 1-2-3 formation, it is more likely (not 100%) that the market would turn around at least for a short term. Wave 1-2-3 with Different Location Example Nasdaq 1 min Chart After the market trades +2sigma area, it dipped to +1sigma after wave 2. Even though +1sigma could be a good support area, it is ...