An analysis of price going down. When a trader is bearish on a pair, they think the market will be heading down. A trader is a bear in the market when placing or holding short positions.
An analysis of price going up. When a trader is bearish on a pair, they think the market will be heading up. A trader is a bull in the market when placing or holding long positions.
A trader placing a long position on a trade.
An extended range where price is between two levels moving sideways.
Placing a short position because you believe price is heading down.
When price retraces in the opposite direction of the overall trend. It’s a quick pause in the overall trend before eventually continuing in the original trend.
A level where price bounces off of, also known as the ceiling. It works hand in hand with Support as it is the opposite but it does the same thing.
A level where price continues to bounce off of, also known as the floor. It works hand in hand with Resistance.
BeginnerEarly Stages for Beginners8 Topics
Forex Terminology11 Topics
- Major and Minor Currency Pairs
- Basic Forex Terminology
- Pips & Ticks
- The Broker & The Spread
- What is a Lot?
- Stop Loss & Take Profit
- Margin & Leverage
- Retracement & Reversal
- When Can I Trade Forex? Sessions - Market Open and Close
- 3 Types of Analysis (Technical, Fundamental, Sentiment)
- 3 Ways a Market Can Go (Up, Down, Sideways)
Margin & Leverage2 Topics
Personal Psychology Questions2 Topics
Psychology for Beginners7 Topics
IntermediateIdentifying Scams2 Topics
Brokers for Beginners5 Topics
Technical Analysis13 Topics
- Types of Charts
- Understanding Japanese Candlesticks
- Candlestick Patterns For Beginners
- Single, Double & Triple Candlestick Patterns
- Support and Resistance
- Confluences w/ Candlesticks & Support & Resistance
- Counter Trend Trading/ Counter Trend Lines
- Moving Average
- Top-Down Analysis
- Consolidation Trading (Breakout, Retest, Continuation)
Market Structure5 Topics
CompletionRisk Management for Beginners8 Topics
Fundamental Analysis9 Topics
AdvancedUsing Indicators6 Topics
Technical Analysis (Part 2)8 Topics
The naked trader focuses more on market structure and price action to determine whether they want to be a buyer or seller in the market without the use of indicators. When you come across a chart you are looking to see if you can identify structure. If you cannot, it may be best to either go up or down a time frame until you can see structure clearly.
Price can move in an uptrend, downtrend, or sideways. With that, you are looking for price to either create higher highs and higher lows, indicating an uptrend. You are also looking to see if price is creating lower lows and lower highs, indicating a downtrend. When price is creating equal highs and lows, price is consolidating. After identifying one of the three, what’s next?
You are now looking for entries based on the structure of the market and if it is continuing to hold or break structure. Before getting into the break of structure, let’s talk about entries by following current and previous market structure. *Always look left to the left*
In this illustration below, you can see price creating higher highs and higher lows. When looking for entries, you would wait until price pulls back to an area of previous resistance. In this case, previous resistance is the last higher high before the higher low.