Ascending Triangle Chart Pattern Forex Trading Strategy

The ascending triangle consists of flat resistance line and a rising support line. Forex Patterns in Action Series.

The ascending triangle consists of flat resistance line and a rising support line. Forex Patterns in Action Series. submitted by FX_Winner to Forex [link] [comments]

The difference between the Descending Triangle Forex Pattern and Ascending Triangle Pattern

The difference between the Descending Triangle Forex Pattern and Ascending Triangle Pattern submitted by FX_Winner to Forex [link] [comments]

The Rectangle Forex Pattern has been introduced and analyzed among other patterns such as Wedge Forex Pattern  Descending Triangle Forex Pattern Ascending Triangle Forex Pattern Flag Forex Pattern Symmetric Triangle Forex and others

The Rectangle Forex Pattern has been introduced and analyzed among other patterns such as Wedge Forex Pattern  Descending Triangle Forex Pattern Ascending Triangle Forex Pattern Flag Forex Pattern Symmetric Triangle Forex and others submitted by FX_Winner to Forex [link] [comments]

Biweekly Trading Update #3: Trading without Indicators

Over the weekend my trading strategy changed drastically. At first I decided to let indicators completely rule my trading strategy; however, I quickly ran into issues with that ideology. My trading turned into gambling, and could easily be replicated by a simple program. To combat this issue I pushed back-testing indicators from the prior weekend to after I solidify my technical, sentimental, and fundamental analysis. I started learning Naked Forex, order flow analysis, and price action analysis over the weekend, and have started practicing them during the weekday. Although my win percentage is fairly low, I found that my analysis is getting stronger with each trade I take.
My first trade was on the 30 min EUUSD chart. I saw that the market was entering an ascending triangle and started to expect a bullish breakout. I looked at the market sentiment on fxdaily, and saw that most of the market was bearish. I assumed that the bearish presence in the market were the retail traders, and assumed that the market would move in the opposite direction of their expectations. I used order flow analysis to find the momentum and projection of the market, and ended up placing a buy stop in order to catch the market on the expected breakout. One thing I did not factor was multiple time frame analysis. I did not see that the market had entered a channel, and that I placed a trade when it had hit the resistance level. The price reached my buy stop, but proceeded to drop until it hit my stop loss.
As I went back to analyze my technical analysis, I found that I misread the order flow. I also realized that there were many parts of technical analysis that I didn't factor in, such as multiple time frame analysis, major support/resistance levels, and Fibonacci levels. I also decided to take more precaution when looking at the market sentiment, and try back-testing that data before basing another trade off of it.
Although this trade was a loser, I still learned a great deal from it, and feel like I benefited more than my previous trades. The chart analysis was tough to begin, but progressively got easier as I looked for more and more trades. For the time being I decided to stick with the EUUSD, and exclusively look for repeating market behavior and reactions in order to strengthen my market sense and improve my technical analysis before I start back-testing and using indicators. I also have started to pay more attention to candlestick patterns and their link to trend behavior.
Overall I believe that improving my technical analysis is a step in the right direction for my trading journey. I finally feel like i'm trading with my own mind rather than being overly reliant on the indicators on my chart.
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The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020

The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020
The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020

If you want to be a proficient technical analyst, you've got to practice understanding chart trends.
Chart patterns, with great profits, can generate very reliable signals and reward traders.
We cover the top 12 chart trends with examples in this article and show you how to use them and how to make money trading with them.

The Head and Shoulders Pattern
The head and shoulders pattern is considered to be one of the most effective models for reversal. It begins when the price rises to the top after a long bullish run, and pulls down.
Shortly thereafter, the price increases again to a slightly higher rate but again decreases.
Finally, for the third time, the price goes up but only hits a point of the first high.
It pulls back after that and completes the pattern.

Head and Shoulders Pattern 2020

Inverse Head and Shoulders Pattern
There is also, as with other trends, an inverse head and shoulders that
happens after an prolonged downtrend and suggests that the price will go up.

Inverse Head and Shoulders Pattern 2020

Cup And Handle Patterns

A pattern on the cup and handle is a bullish pattern of continuity.
It is made up of two parts-a cup and a handle.
When a cup is full, the handle is shaped on its right side.
If a breakdown on a line of resistance follows, and traders find it a precursor for an uptrend.

Cup And Handle Patterns 2020
Cup And Handle Patterns (b) 2020


As you can see, there is nothing difficult about recognizing and trading a 'Cup and Handle' pattern.
Upon entering the trade on a resistance retest, you can put your stop loss below a handle's low and let the trade do its job.

Ascending Triangle
One of the most common patterns among traders are both ascending triangles and descending ones.
We should take a look at it from more of a rational viewpoint to really help you understand this trend.
The ascending triangle is formed when the price is incapable of breaking a resistance but, at the same time , higher lows form.

Ascending Triangle Pattern 2020

As you may see in the above example , the price bounces from resistance but on each bounce it is unable to make a lower low.
That gives us a bullish signal that a potential break is about to occur.

Ascending Triangle Chart Pattern 2020

Descending Triangle
Inverse to the Ascending Triangle, the Descending Triangle is noticeable when
the market bounces from support but can not hit higher altitudes.

Descending Triangle pattern 2020


Descending Triangle Chart Pattern 2020



The Falling Wedge Pattern
Falling wedge is a bullish trend of reversal that happens most of the time while
the price is going down but we can see divergence on one of our oscillators.
That means that while the price goes down, sellers
get tired and we can expect a reversal soon.

The Falling Wedge Pattern Chart Pattern 2020

Rising Wedge
Reversal of Dropping Wedge, price is moving higher
but in your oscillator you can find weakening clues.

Rising Wedge Chart Pattern 2020

Double Top Pattern

Typically the double top pattern is made at
the end of the trends as a toping shape.
It is a bearish reversal trend characterized by the peak which is
followed shortly by the second at the same or very close price point.
The double top pattern is true until
the price breaks below the highs rendered support.
We use the same word "neckline" that is
used for the Head and Shoulders pattern as well.
You may either join the trade after the
neckline is broken, or wait for the neckline's retest.


Double Top Pattern Chart Pattern 2020


Double Bottom Pattern

The Double Top opposite is the Double Bottom pattern
that is made at the bottom of the downtrend.
The Double Bottom is defined as having two
bottoms at a price point equal to or identical.
Just as with the Double Top pattern, you can
enter either at the "neckline" break or at its retest.

Double Bottom Pattern Chart Pattern 2020



Flags

Flags are technological patterns that can be understood
as a pause in the trend that underlies.
Following a rapid market pattern, flags are spotted as
consolidation, and they signify the continuation after the breakout.
We have a Bull and Bear flags, just as with all map trends.

Bear Flag

Bear Flag Chart Pattern 2020


Bull Flag

Bull Flag Chart Pattern 2020


Conclusion
Classic chart patterns are one of the oldest sections of technical analysis and have been proved several
times as a practical way to assist technical traders in determining the next course of the market.
That being said, when making trade decisions, a trader
should not neglect the context and current market conditions.

Eva " Forex " Canares .
Cheers and Profitable Trading to All.



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How to Get Benefit With Trading Triangles

How to Get Benefit With Trading Triangles

Trading Triangles
Triangles are one of the price action concepts of the chart. Triangles can reveal us many things about the market scenario, momentum shifts and the balance between bulls and bears. Triangles are made by uniting two trend lines where one is resistance and another is a bullish or bearish line. Every trend line comprises two or more than two prices thus, upper and lower trend lines necessitate at least two or more points in price.There are three diverse types of triangles and which are explained below
  1. Symmetrical Triangle
  2. Ascending Triangle
  3. Descending Triangle
Symmetrical Triangle
In this triangle, the upper trend line is leaning downward, and the lower trend line is inclined upward at the same angle. The connection between these two trend lines is called “Apex” whereas the base is away from the first high point and first low point.

Symmetrical Triangle
This pattern is bullish in an uptrend as it shows the high possibility of the continuation of the current uptrend. In reverse, this pattern indicates a high possibility of continuation of the downtrend too. The potential price fluctuation can be calculated by the tallness of the base. This is assumed that the breakout of symmetrical triangles usually happens in the direction of the trend. The probability of success is, therefore, greater when we think of symmetrical triangles as being a continuation pattern of forex prices or derivatives prices.
Ascending Triangle
In this triangle, the upper trend line must be horizontal, and the lower trend line should be upward inclined. The horizontal upper trend line of such pattern specifies the resistance which is stopping the price from going further up but the upward slanting lower trend line voices us about the occurrence of an uptrend.

Ascending Triangle
These kind of patterns are bullish and normally found in an up-trending market. It has an apex point and a base. The minimum price movement is equal to the height of the base from the breakout point same as similar triangle patterns.
Descending Triangle
In this triangle, the upper trend line should be downward tending and lower trend line must be horizontal. The horizontal lower trend line of such pattern stipulates a support line and this support line is preventing the price from going more down. However, the upward inclined lower trend line displays the manifestation of a downtrend.

Descending Triangle
These triangle patterns are bearish in nature and typically originate in a downward market. It also has an apex and a base point. The smallest price fluctuation is equal to the height of the base from the breakout point.Triangle breaks out patterns are very popular among most of the trader regardless of the forex, commodity or stock markets. Their best use may lead to winning the trade however their confirmation is required before placing the orders.
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This is why stoplosses are Fake and Gay

(Stoplosses aren't actually fake and gay)
Graphical representation of what I did: http://i.imgur.com/mB7uR53.png
So I posted this on the Forex trading subreddit yesterday: https://www.reddit.com/Forex/comments/3vzej2/am_i_crazy_or_is_the_euro_about_to_pop_like_a/
Basically, I noticed the EUUSD spot starting to consolidate and hit 1.09 about four or five times, forming a fucking beautiful ascending triangle. I'm not usually one to go for patterns, but this thing was hitting 1.09 and bouncing off for like two days. Anyway, I used a too-tight stoploss and sold on the VERY LAST DIP at 1.0883. It then proceeded to shoot to 1.1042 overnight. And I stopped out.
Most frustrating thing that's ever happened to me in trading, period. I can't believe I used such a tight stop. I'm an idiot.
Also, everyone should trade Forex. The ultimate yolo. 50:1 leverage is the shiiiiiit and it's easier than options
Edit: I am joking, and stoplosses are very important. Just don't be bad at placing them like me.
submitted by toadkiller to wallstreetbets [link] [comments]

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The ascending triangle pattern formed once a horizontal resistance and ascending support lines acted as buffers for the price action. Finally, EUR/USD breached resistance at E, signaling a potential bullish breakout. EUR/USD How can you trade ascending triangles? Typically you want to buy after the pattern breaks resistance, as it did at E. It is good practice to set a stop-loss just below the ... The Ascending Triangle Chart Pattern Forex Trading Strategy is another trading strategy that is also based on price action trading and it is the opposite chart pattern to the Descending Triangle Chart Pattern and Trading Strategy.. Timeframes: Any Currency Pair: Any Forex Indicators: none required. Triangle chart patterns, generally tend to be explosive chart patterns…which means when a ... An ascending triangle pattern is a chart pattern in the forex market used to detect the technical changes in the fore market. These patterns occur when the price is moving in a horizontal line and the price is drawn along the high swings. It draws the rising trend lines with low swings. These two lines create triangles in the market trend and on the indicator chart. Breakouts also happen in ... The ascending triangle chart pattern forex trading strategy is the complete opposite of the descending triangle chart pattern forex trading strategy.. An ascending triangle chart pattern is considered a bullish chart pattern and it can form during an uptrend as a continuation pattern or it can form in a downtrend and after that pattern has formed, trend can change to an uptrend. Ascending Triangle Pattern in Forex is a right-angled triangle-shaped patterns. It normally appears in an uptrend indicating a small pause in price movement by laying a congestion. An ascending triangle is therefore a bullish continuation pattern. What is an ascending triangle pattern in forex . Formation and Psychology of the Pattern. The ascending triangle pattern in forex is a bullish ... The ascending triangle is an incredibly helpful pattern when assessing potential trend continuations. It does, however, have its shortcomings and traders ought to be aware of both. In this guide you’ll learn how to place a trade using the ascending triangle pattern.This is a breakout trading strategy that has the advantage of highlighting breakouts in advance. All you need to do is to learn the right trading technique and you'll be able to recognize the real-time the anatomy of trading breakouts.

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Ascending Triangle Chart Pattern Chart Pattern Series II

In this video I review the steps for identifying and trading an ascending triangle. This pattern can be traded on any high liquidity financial instrument including stocks, forex and futures. Ascending Triangle Chart Pattern (Trading Strategy) - Duration: 14:25. Rayner Teo 47,501 views. 14:25 . Turning Triangle Patterns Into Successful Trading - Duration: 28:24. Investor Trading ... The Ascending Triangle: -It resembles accumulation. -It is a bullish pattern. -It doesn't have to happen on an uptrend, but it is very helpful when it does. ... Quick introduction on how to trade the Ascending Triangle Continuation Chart Pattern. Practical Example Trading Gold XAU Bull Market 2009 - 2012. More Free T... Ascending triangle chart pattern. http://www.financial-spread-betting.com/course/ascending-triangle.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! ... Intraday Trading Strategies for Forex and Stock Market The Best Triangle Patterns That Work so you can make money online as a Day Trader in Day Trading or as... Here’s the deal: I’m not a chart pattern trader. However… The Ascending Triangle chart pattern is one of the few patterns I trade. Why? Because when other tr... In this 2nd video of the Chart Pattern Series, I show you how to trade the Ascending Triangle chart pattern profitably in the Forex market. Watch the complete PLAYLIST on trading chart patterns ... Trading Ascending Triangle Patterns For Explosive Profits ... Trading With Ascending Triangles To Find Explosive Breakouts (Forex & Stock Trading Strategy) - Duration: 10:42. The Secret Mindset ...

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