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Freetraining

Watching gold play into the buyers handsThat was a spectacular drive by the bulls yesterday. I lost a manual sell order and have a long term buy in that is currently 133 pips in profit at the time of writing this tutorial. So let me get down to the key points on the table for gold, # Price is trending bullish so buying is favorable # Price broke out of a falling wedge pattern to the up side (bullish continuation) # There is a retracement currently taking place form the recent 1300's high made * Take into account the 1285 support/resistance level that is indicated with a dotted line * Take into account that the dotted line is also around the 61.8% Fibonacci retracement level when measuring the last bullish move that commenced at 1160.00 (D1 time frame view) > Now for price to pull back to the 1285 level +/- > Then for price action to confirm with a buy signal like a bullish engulfing or hammer etc If you want to understand the thought process behind identifying these kind of high probability set-ups, then please join my mailing list on www.profitfxza.com Stick to your trading plan and your profit will stick to you
FOREXCOM:XAUUSD
by Cmasterza
5] How to use Traders Dynamic Index and Complementary OverlayCOMBINING MULTIPLE TUTORIALS Price/HighMBL crash, overbought TDI:RSIPL indication = MUST SELL with use of lower time frames. Trading a retracement (into HighMidline) is not really recommended, your'e not trading a reversal so its highly risky to countertrend trade against the main trend. Price under HighMidline, with 'TDI overbought indication = MUST SELL with proper setup. Use of Flat Bottom, disjoint angle, or parallel channel are very useful when used with the separated 'TDI Pro indicator window. 60 Min chart BEST SELL ENTRY ZONE corresponds to price nearest of 240 HighMidline and especially of 'TDI indication of overbought condition. In this time period preparation of best sell entry is crucial for evasion of being stopped out and best to enter by RSIPL above 68 as BEST SELL POINT. XtremePhaser trending down helps to determine the Take Profit area to look into (1] How to use Traders Dynamic Index and Complementary Overlay). As also was shown in the chart as target (2] How to use Traders Dynamic Index and Complementary Overlay). Midlines (Black & Gray lines) however are mainly for identifying the current trend as this published idea explains. Other 'TDI overlay component lines (MBLs, TSLs), and Phasers are only for reversal breakouts, if you know what I mean, and can be used to observe support/resistance.
Education
by YardleyRosette
Pro Trader Course Giveaway!Any trader interested in getting my complete Pro Trader Course for FREE, head over to my website and click on the "Join Now" button in the lower left. You will receive an email with an offer code that will give you 100% off the Pro Trader Course. Its completely free, no tricks or gimmicks. But its limited to the first 20 traders that sign up. The offer begins at 7am US Pacific time. Here is the link to my website. Good luck and good trading. www.bctradingsystems.com
by tommyb35
Bearish Cypher PatternThere is a potential Bearish cypher pattern that is going to potentially complete at 1.31282. There are a couple of options that you have for taking targets with this setup. Since the gbpusd has just broken structure to the downside, we are in a bearish trend on the 1 hour time frame. So you can take the traditional target 1 and 2 at the 38.2 and 61.8 fib retracement (Red & Green on the chart). Or you can play this as an entry for a trend continuation trade and take target 1 at a retest of structure lows and target 2 at a 127.2 fib ext. (Black & Blue on the chart.) However you decide to play it, follow your plan. Good luck and good trading. Here is also the Link to the advanced pattern training video i put out.
Short
by tommyb35
Upcoming free pro trader course.There are two potential patterns setting up on the UsdCad. You have a bullish Bat pattern that is completing at 1.2905 and you have a bearish cypher pattern completing at 1.3094. For all that are interested in trading like this, I am going to be putting out a FREE full length pro trader course on my you tube page. It will be about 8 weeks long, one video released each week. It will start at the basics of how to read a price chart, structure analysis, simple patterns, RSI-ATR- Stochastics, Cypher pattern, gartley pattern, bat pattern, back testing & psychology, and money management. I will also be giving out all of the spread sheets that I have created for back testing and money management. The training videos will be between 30 - 60 min long. So if you are interested keep your eyes open on trading view. I will be putting out the link to the first video at the end of this week. The only catch is that the videos will not be up forever. Each video will be up for 4 weeks and then it will be taken down, so if you want to learn this then don't wait. Thank you!
by tommyb35
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