This is what I call Van Damme pattern image Follow my thread

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You can find 1, 2, 3 or even more pullbacks within any up-trend. Why does market produce pullbacks? The very first answer is : if price would trending in straight line direction - it will be too easy for people to recognize trends and making money ...

How To Read Signals From A Chart

This is some insightful post from #Gold market. What is the main question for traders? Where the price will reverse. In order to produce bearish reverse, market need: many active longs (they will be trapped) many triggered SLs (they will be knocked ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

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How To Read Signals From A Chart

After yesterday’s Big FED-powered Pump (1), EURUSD produced weak morning. We had: 2) SLKT above the previous minor high. If this green bar was a real strength, why did the next 4 bars closed lower? (It was SLKT Trap). 3) ND (green arrows) with SB ...

How To Read Signals From A Chart

Stop Losses are here.

USD/CHF

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How To Read Signals From A Chart

FOMO = Fear Of Missing Out This is effect of Euphoria, Buying Crowd Rush

How To Read Signals From A Chart

Actually, you should enter longs when you've detected DB after NS. But you need to have bullish context = line of support, or signs of Hidden Strength on recent Background. The same for selling. You should enter shorts when you've detected SB after ...

How To Read Signals From A Chart

Yes. It was ND. But it has appeared after signs of Hidden Strength. image We have 1+2 = both EVRBs with 3 = DB. Placing shorts with EVRB+EVRB+DB on the recent background is a risky business.

How To Read Signals From A Chart

Usually period = 100

How To Read Signals From A Chart

Please, mark signs on the chart and post it. Let's avoid misunderstanding. If you are want to ask a question about Chart Reading signs related to a particular chart - prepare the chart accordingly before posting. Mark signs, use arrows and notes in ...

How To Read Signals From A Chart

Not so fast. image 1) We have serious resistance zone (red square) built from high-volume bars on 24/Oct 2) Also, we have SLKT above the minor high of 25/Oct 3) Also, we have down-ward trend line overhead These 3 bearish factors make me a sceptic ...

How To Read Signals From A Chart

Market is driven by Supply and Demand. Here is a fresh example. image 1. First we got EVRB (Hidden Demand) 2. Next we got "Unexpected" good news (Fundamentals). So, what you should rely on - Fundamentals or Universal Law of Supply and Demand?

How To Read Signals From A Chart

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How To Read Signals From A Chart

Conclusions. How to Use Now let's make some summary. How to judge up-bars low-volume - weakness (ND - No Demand) normal increase in volume - strength (DB, Demand Pressure) extremely high-volume - hidden weakness (FOMO or EVRT. Maybe SLKT) How to ...

How To Read Signals From A Chart

Chart Reading Signs (5 of 5): SLKs + Traps (Signs of Manipulations) Previously, we discussed about “natural signs”. I call them natural, because they based on the Universal Law of Supply and Demand. Here is the chapter of “UN-natural signs”. The Law ...

How To Read Signals From A Chart

Chart Reading Signs (4 of 5): FOMO + EVRT (Signs of Hidden Weakness) image When lot of small public traders feel Euphoria and rush into market to buy everything (like Bitcoin in December of 2017), “big guys” get opportunity to unload their longs ...

How To Read Signals From A Chart

Chart Reading Signs (3 of 5): Panic + EVRB (Signs of Hidden Strength) image When a lot of small traders start mass selling, “big guys” get the opportunity to accumulate at the best prices stocks/coins/contracts/whatever. image 1 Panic Selling ...

How To Read Signals From A Chart

Chart Reading Signs (2 of 5) - NS+DB (Signs of strength) image NS - or No Supply - is a Lack of Sellers. Usually, NS appears on Charts in form of down-bars, not wide spread/range, closing in the middle, exhausting of volume. Stock/coin/whatever is ...

How To Read Signals From A Chart