Four in the morning, and I'm zoning.. They say I'm possessed, it's an omen... I keep it 300, like the Romans
300 bitches, where's the Trojans?.. Baby we living in the moment... I’ve been a menace for the longest
But I ain't finished, I'm devoted
And you know it, and you know it
So follow me up cause this shit's about to go (down)
I'm doing 500, I'm outta control (now)
But there's nowhere to go (now)
And there's no way to slow (down)
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an other example of how to trade trending markets , as professional traders say, the trend is your friend.try to follow the trend as much you can .here in this example we used only candlestick patterns in combination with support and resistance levels, and moving averages.
as you can see the market responds to the moving average. when price approches the moving average 8 SMA or 21 SMA the market goes down.because banks and financial institutions use the same moving averages.
when you identify a trending markets, please use your moving averages to identify high probability entry point and if the market was moving by making big impulsive moves, use your fibonacci to indetify the end of the corrective moves and the beginning of the impulsive moves.
if you want to learn more, check out the my ebook in my bio. i have explained in details how to trade trending markets using moving averages +fibonacci retracements, supply and demand , an other technical analysis.chekc out the ebook in my bio if you want to become an expert price action trader.
This is an other example that shows how you can trade trending markets using only candlestick patterns in combination with the 8 and 21 simple moving average. the moving averages act as dynamic resistance levels in downtrend markets.
here in this example, when price approches the 8 simple moving average, the market fomrs an inside bar, and the breakout of the inside bar is a good opportunity to join the downtrend.
If you want to learn more about this trading strategies, i highly recommend you to get your copy of the candlestick trading ebook. check out the link in my bio if you want to learn more .