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Precision

BITCOIN - FIBB CHANNELS - WELL RESPECTED - DOLLAR ACCURACYLets make it simple ! All the asset movement are perfectly pre-planned by market makers. Our role as retail traders is to find out next move as soon as possible. Thats why basic trader draw many lines and patterns on a small timeframe, but bigger more important overview of market is lost. Importancy of ascending lines (for bulls control) and descending lines(for bears control) is much higher important than basic horizontals. -- Perfection, precision and objectivity are 3 factors why was drawn this fibonacci channels in upside and downside direction. Please have a very close look to the places with dollar accuracy respect. And also lets focus on places where are small gaps and price didnt achieve channels line. Thats not inaccuracy, but for the purpose. -- Enjoy looking at this chart and remember the simple rule : resistance lines are changing to support lines and vice versa. I like this game of probability Good luck !
by oo-rbiiix
Higher resolutionHigher resolutions aka lower timeframes have several uses: HIgh res levels 1) For more precise entries past the positioned levels. You have a level on your current resolution, a level you want to use, let's call it "X". You turn in higher resolutions, and scale in around the levels there, past the X; 2) For precise entries during positioning. You have a level that you expect to be positioned 'that way', let's call it "Y". You turn in higher resolutions, and scale in around the levels there, past the Y. An example on the chart is exactly about that. Suppose we expected a 1M level (red line) to be positioned as support. We've opened 1W chart and scaled in at 1W levels below the level; 3) Overridden levels. Forgot to mention, just as overridden waves, overridden levels do exist. It really concerns an imaginary level called value aka fair price. Usually, when you have an overridden wave -> value level in the middle of this wave, the real levels around value exist only deep in higher resolutions, and are already cleared, long time ago. So, they kinda "reactivate" again inside an overridden wave, near the value; 4) For scaling out. When offloading risk, you don't want to do it at the levels that You, yourself, expect to be cleared xD. And that includes the levels from the high ress. HIgh res waves 1) To fine tune the location of back levels. Positioning of a level on a given resolution is a so called pattern seen on higher resolutions. I can't say much about the predictive power of dem patterns, but can say for sure that fine tuning the back levels by finding boundaries of these patterns is a good idea; 2) Simply monitoring the action on higher resolutions gives information about what's happening around your levels of interest. Everything explained in "Current resolution" can be applied there. You may come up with more uses. The main part is to understand what higher resolutions are: less data in greater detail. Now how would you leverage this info?
CME_MINI:ES1!Education
by gorx1
Shorting AUD/USD on the basis of S&R !! #ShortShorting AUD/USD on the basis of S&R !! This trade is for Educational Purpose only. The Goal is to highlight the importance of Support & Resistance zones (S&R) and how can Weak and Strong zones be identified. Support & Resistance (S&R) can play vital roles when it comes to trading. Most traders use S&R in order to look for precise entries and exits. The Pair has been Bouncing off from zone Marked in Red which acted as Support earlier. The Support was tested four times.. Soon it was broken with strong Bearish Candle. The more touches/bounces the Support zone had, the weaker it got and as a result it got broken. Often time Support acts as Resistance zones and Vice versa . It is important to note that S&R can act as a strong Confluence but trading just on the basis of it alone can be dangerous. Using other Confluences such as Market Structure, Divergences and Chart Patterns such as Double Top/Bottom are equally important. Since Trading is the game of Probability, it is Essential to have more than One Confluence. The Trade Plan: The trade plan is to Short AUD/USD, once it re-tests the broken support zone which is now likely to Act as Resistance. Note: Take this trade after doing on your own analysis. Target: Target is set on the basis of Fibonacci Re-tracement which comes in between 0.618 & 0.5. Stop Loss: Stop Loss is simply set on the basis of 1:3 Risk to Reward Ratio. Time Frame used: 1H Analysis based on: - Market Structure - Support & Resistance. - Fibonacci Retracement tool .. used for setting Target
Short
by M_Shariq
3
Is your strategy this precise?Gann fans are great. So great in fact that I despise indicators (mostly because of all the "mula" that they've lost me). Placing these fans and angles take about 5 minutes to set up and really aren't as complicated to set up as they might look. At the core of this analysis is the use of a geometric practice called squaring. The way you do this is by finding your lowest low in the view of your chart. Once you got your low, slap a 45-degree angle on it (ex. $1996.80 ETH/USD). Then match that angle with a gan fan. If you want you can even overlay a fib resistance speed fan over the initial fan. You can also invert this whole setup to see bearish setups evolve (ex. $4385.53 ETH/USD). But really, if anyone else has a more precise strategy than this please comment or message me.
COINBASE:ETHUSD
by PrestonAnalytics
6
GBP/CAD Possible buying pressure after retest Looks like Gbp/Cad has made its retest at key levels and buyers are ready to take control for a moment at least to 38.2 fib. Which is giving us a good risk to reward. Fibonacci is drawn from the swing low to swing high and the price has retested important level at 61.8 fib and also made it above 50% fib, where it currently fights for its way to up. A Trend is obviously still bullish. Stop loss is below 4hr bullish engulfing and that gives a trade room to breath. Remember always to use correct money management. AlexTea
Long
by Keylevelfx