Recent content by Ceetrader7

FALLING CHANNEL When a support occurs the market will likely retrace back to the higher point hence it’s a down trend we call it reversal Falling and raising channel they are the mave channel they opposite with each other Symmetrical triangle On this channel support and resistance start to...

Flat Channel Resistance and support do not change So you will buy at short and sell at resistance until a break out is made Example of Flat channel When a break out happens for example when resistance breaks the old resistance will become our new support when support breaks out the old support...

CANDLES TO LOOK FOR : NAMES SHAPES DOJS Engulfing pattern SHOOTSNG STAR /HAMMER/PSNBAR MORNSNG STAR PSERCSNG PATTERN FOR MORE CANDLES PLEASE STUDY PRSCE ACTSON. You have the key, unlock (do something) your wealth, no one will do it for you, put in the hours, put in the effort and you...

When the forex market moves up and then pull back, the highest point reached before pulled back is now resistance. As the market continues up against lowest point reached before it started back is now support. Think of support and resistance as you are playing a ball in a garage, what happens...

CONFIRMATION (a) Bearish Reversal Pattern, may be black or white, colour doesn’t matter but location A long upper shadow is at least twice of the real body. Has a small Lower shadow or not at all. A Shadow formed represent higher prices rejection. A Black or Red Shooting Star is more bearish...

ENTRY    First thing you do is to mark your previous high. Wait for the price to retest on the previous high. Place your sell order and ride it down. EXAMPLE : PREVSOUS LOW RESPECTED BY PRICE: ENTRY    First thing you do is to mark your previous low. Wait for the price to retest on...

ENTRY RULES   Wait for it to pick a direction and show rejecting candles before take trades buy/sell immediately after retesting the previous high or low. EXAMPLES: NB: ALWAYS MARK YOUR PREVSOUS LOWS/HIGHS Previous high respected by price

ENTRY RULES Enter on the retest. Always target previous highs and lows for take profit and stop loss. Let your stop loss be 5 points away from your previous support or residence level depending on whether you are on a bearish or a bullish direction EXAMPLE: Z – PATTERN Z – PATTERN RULES  ...

Requirements 1. 2. 3. 4. Broker that offers NASDAQ. Leverage 1.500 not more than. Equity of about $500 and above Take trades on 15 Minutes or more 1. V Pattern and Inverse V – PATTERN AND SNVERSE RULES   This is something you will need to apply each and every day. The Science behind the...

1. What is NASDAQ? The Nasdaq 100, is also best known as the NAS100, USTEC, Nasdaq 100 index, or USTEC100, is a market capitalization system which features more than 100 of the largest publicly-traded non-financial businesses on the Nasdaq composite index namely Google, Facebook, Apple...