Showing 1–10 of 12 matching strategies
Evidence: WeakBeginner
RSI Overbought and Oversold
what the 70 and 30 lines actually tell youRSI above 70 is called overbought and below 30 oversold, and beginners are taught to sell the first and buy the second. Traded that way it is one of the more reliable ways to lose money in a trending market, because in a strong trend the RSI stays above 70 for weeks while price keeps going.
H1 to D1Foundations · Oscillator
Evidence: WeakBeginner
Fibonacci Retracement
the most popular tool with the least supportDraw from a swing low to a swing high and the tool marks 38.2%, 50% and 61.8%. The claim is that pullbacks stall at these fractions because of a mathematical relationship found in nature.
H1 to D1Foundations · Retracement
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: WeakBeginner
MACD Histogram Acceleration
the popular one, and what it actually measuresThe MACD histogram is the difference between two exponential averages, minus a third average of that difference. Rising histogram is usually described as accelerating momentum.
H1 or H4Momentum · Indicator
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: WeakBeginner
Engulfing Bar at a Level
the most-taught candle, in the only place it means anythingA bar whose body completely covers the previous bar's body, closing in the opposite direction. Taken alone it is one of the weakest signals in retail trading — it happens constantly and predicts very little.
H1 or H4 · the level comes from D1Price action · Candle
Evidence: WeakBeginner
Wide-Range Bar Retracement
half of the move that started itOne bar moves a long way. Price then retraces into the middle of that bar, and the trade is taken there on the assumption that the move continues.
H1 or H4Price action · Pullback
Evidence: ModerateBeginner
RSI(2) Extremes
the short-period oscillatorA two-period RSI is deliberately jumpy. It is not there to describe a trend — it is there to register, in one number, that the last two bars have been one-sided. Below 5 means almost everything recently has been selling.
H1 primary · D1 for the trend filterMean reversion · Oscillator
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: WeakBeginner
Williams %R Reversion
position in the range, unsmoothedWilliams %R answers one question and nothing else: where did this bar close inside the high-low range of the last N bars? At −100 it closed at the very bottom of it; at 0, at the very top.
H1 primary · H4 for contextMean reversion · Oscillator