Showing 1–7 of 7 matching strategies
Evidence: ModerateBeginner
Drawing Support and Resistance
rules, so that two people get the same linesLevels are the best-supported idea in retail technical analysis and the worst-specified. Everyone agrees they matter; almost nobody writes down how to draw one, which is why two traders looking at the same chart produce different lines and then disagree about whether the level held.
Draw on D1 or H4 · trade on H1 or M15Foundations · Levels
Evidence: WeakBeginner
Pivot Point Breakout
levels everyone computes the same wayFloor pivots are arithmetic: the pivot is yesterday's high, low and close averaged, and R1 and S1 are simple reflections of it. Nothing is drawn by hand and nothing is judged.
M15 execution · pivots computed from D1Breakout · Reference level
Evidence: ModerateBeginner
Consolidation Box Breakout
a rectangle with four touchesA consolidation box is two horizontal lines that price has respected at least twice on each side. It is the halfway house between a trendline and a session range: drawn by hand like the first, but horizontal and objective like the second.
M15 primary · H1 to find the boxBreakout · Price action
Evidence: ModerateBeginner
Previous Day High / Low Break and Retest
PDH / PDL liquidity levelsThe previous trading day's high and low are the most widely watched intraday levels in FX. The trade is continuation on the break of one of them.
D1 levels · H1 / M15 executionBreakout · Support & Resistance
Evidence: ModerateBeginner
Pin Bar at a Higher-Timeframe Level
the control case for Day 5A pin bar is a candle whose wick is at least two thirds of its total range, whose body sits in the opposite third, and which closes on the correct side of the level.
M15 entry · H1 levelPrice Action · Reversal Trigger
Evidence: ModerateBeginner
Bollinger Band Fade
two standard deviationsBollinger bands put a number on how unusual the current price is, in units of its own recent volatility. A close outside the lower band means price is further from its twenty-period average than it has been about ninety-five percent of the time.
M15 primary · H1 for the range checkMean reversion · Volatility band
Evidence: ModerateBeginner
The Cost Arithmetic
work this out before you trade any scalpA scalp targeting six pips on a pair with a one-pip spread and a round-turn commission worth another 0.7 pips is not a six-pip trade. It is a 4.3-pip trade, and the stop has to absorb the same 1.7 pips on the other side.
M1 to M15 — the timeframes where cost dominatesScalping · Cost