The Only Technical Analysis Video You Will Ever Need…
(Full Course: Beginner To Advanced)
The Trading Channel
Technical analysis is the study of historic price movements in order to make accurate
decisions about what the market may do next. In this video, I will be sharing all my
knowledge about technical analysis that I have gained over the past decade of my own
trading career. Candlestick charts are the foundation of technical analysis no matter what
market you are trading in - Forex, Stocks, Crypto or Forex Crypto. Each candlestick has a
body (colored in green) and wicks (lines above and below the candle body). A green candle
represents a five-minute period of price movement. By analyzing candlestick charts with a
high degree of accuracy, we can predict what the market may do next by identifying trends,
areas of value and entry patterns. All of these concepts will be covered in this video.
Trend trading is a popular strategy for beginners because it increases accuracy and can
create better reward to risk setups. However, understanding how to identify trends is
essential. For an uptrend, we look for higher lows and higher highs, while a downtrend will
show lower highs and lower lows. As long as the market stays above the low, we are still in
an uptrend and can look for buying opportunities. Another impulsive move in this uptrend
indicates that the market is likely to continue breaking into new highs and making higher
lows. Conversely, if the market is heading downwards then we should look for selling
opportunities as long as it continues to go lower. This is an objective way of identifying
trends which can help guide our trading decisions.
Support and resistance are useful tools for making better trading decisions, especially when
it comes to identifying reversals and deciding on stops and targets. Most traders will typically
focus on trend continuation trading, meaning they are looking for a level of resistance to
break for an uptrend, or a level of support to break for a downtrend. After the level is broken,
a pullback is usually seen before the trend continues. To use trend and structure to its fullest
potential, traders should look for a good reward to risk ratio and accurate trading
opportunities. With the support and resistance levels in mind, traders can make more
informed decisions to increase their chances of success.
Trading indicators are formulas added to current and historic price and mathematical
equations in order to plot lines and histograms on your chart. Their purpose is to help
simplify the information present in a candlestick chart, which can be confusing at times. They
can also be used as an objective role in a trading strategy. For example, the ATR indicator is
a way of keeping traders from getting "wicked out" by the market. To use this indicator, you
can calculate the average movement on a daily chart (e.g. 190 pips) and use it to predict
stops and targets. A good reward-to-risk ratio would be a 2:1, meaning that if you expect the
market to move two times the average, you can have a 134 pip target - two times 67.
Moving averages are an important indicator used by traders to help define trends. The 20
period moving average is the most commonly used, which takes the closing price of the last
20 candles and divides it by 20 to plot a line on the chart. There are three main ways to use
moving averages - as a great area of value in short term trends, as a reversal indicator (like
the RSI) to tell when price has been moving in a certain direction for a long period of time,
(Full Course: Beginner To Advanced)
The Trading Channel
Technical analysis is the study of historic price movements in order to make accurate
decisions about what the market may do next. In this video, I will be sharing all my
knowledge about technical analysis that I have gained over the past decade of my own
trading career. Candlestick charts are the foundation of technical analysis no matter what
market you are trading in - Forex, Stocks, Crypto or Forex Crypto. Each candlestick has a
body (colored in green) and wicks (lines above and below the candle body). A green candle
represents a five-minute period of price movement. By analyzing candlestick charts with a
high degree of accuracy, we can predict what the market may do next by identifying trends,
areas of value and entry patterns. All of these concepts will be covered in this video.
Trend trading is a popular strategy for beginners because it increases accuracy and can
create better reward to risk setups. However, understanding how to identify trends is
essential. For an uptrend, we look for higher lows and higher highs, while a downtrend will
show lower highs and lower lows. As long as the market stays above the low, we are still in
an uptrend and can look for buying opportunities. Another impulsive move in this uptrend
indicates that the market is likely to continue breaking into new highs and making higher
lows. Conversely, if the market is heading downwards then we should look for selling
opportunities as long as it continues to go lower. This is an objective way of identifying
trends which can help guide our trading decisions.
Support and resistance are useful tools for making better trading decisions, especially when
it comes to identifying reversals and deciding on stops and targets. Most traders will typically
focus on trend continuation trading, meaning they are looking for a level of resistance to
break for an uptrend, or a level of support to break for a downtrend. After the level is broken,
a pullback is usually seen before the trend continues. To use trend and structure to its fullest
potential, traders should look for a good reward to risk ratio and accurate trading
opportunities. With the support and resistance levels in mind, traders can make more
informed decisions to increase their chances of success.
Trading indicators are formulas added to current and historic price and mathematical
equations in order to plot lines and histograms on your chart. Their purpose is to help
simplify the information present in a candlestick chart, which can be confusing at times. They
can also be used as an objective role in a trading strategy. For example, the ATR indicator is
a way of keeping traders from getting "wicked out" by the market. To use this indicator, you
can calculate the average movement on a daily chart (e.g. 190 pips) and use it to predict
stops and targets. A good reward-to-risk ratio would be a 2:1, meaning that if you expect the
market to move two times the average, you can have a 134 pip target - two times 67.
Moving averages are an important indicator used by traders to help define trends. The 20
period moving average is the most commonly used, which takes the closing price of the last
20 candles and divides it by 20 to plot a line on the chart. There are three main ways to use
moving averages - as a great area of value in short term trends, as a reversal indicator (like
the RSI) to tell when price has been moving in a certain direction for a long period of time,
