Introduction to Forex
Forex Fundamentals
Characteristics of Candlesticks
Support and Resistance / Chart Patterns
Technical Indicators
Sniper Strategies
Sniper Strategies
A Sniper Strategies Course focuses on precision and accuracy in trading, teaching participants how to wait patiently for high-probability trading opportunities before executing trades swiftly and decisively. It emphasizes the importance of discipline, strategic planning, and precise execution to achieve successful trading outcomes.
What I will learn?
- Moving Average Strategy – Golden Cross & Death Cross
- Fibonacci Retracement – Swing High-Low-Swing Low-High
- RSI Bearish Bullish Divergence Strategy
- MACD Bearish Bullish Divergence Strategy
Content/Playlist (4)
- Moving Average Strategy – Golden Cross & Death Cross (00:12:24)
Description:
A) A Death Cross is a bearish crossover strategy combined with candlestick analysis, where the 50 day EMA crosses below the 200 day EMA B) When the Death Cross takes place, look for a bearish candlestick for a sell entry C) A Golden Cross is a bullish crossover strategy combined with candlestick analysis, where the 50 day EMA crosses above the 200 day EMA D) When the Golden Cross takes place, look for a bullish candlestick for a buy entry E) These crossovers (bullish or bearish) lead to potential trend reversals - Fibonacci Retracement – Swing High-Low-Swing Low-High (00:16:30)
Description:
(Swing High to Swing Low) Fibonacci Retracement levels are static, meaning they do not change, unlike moving averages that are constantly moving up and down. This allows traders to react to sudden price changes, as levels are tested to see if support or resistance are rejected or broken. This indicator is neat and simple to use because the levels can last the entire day, and only need to be adjusted if the 0% or 100% are broken. Furthermore, this tool is used mostly by technical traders to map out strategic places where transactions take place. These transactions include your stop loss and take profit zones, knowing ahead of time where the buyers and sellers are located. With the addition of candlestick analysis, we know that wicks and tails react at these levels and get rejected. However, if the body of the candle breaks and closes above or below a fibonacci level, the next zone will act as a new support or resistance, and may consolidate in this zone for a bit before making its next move again. A) This is an example of how to use the Fibonacci Retracement indicator tool when we have a swing High to a swing Low, and want to analyze the retracement levels B) You can use the dotted trendline tool to identify a downtrend, for a possible trend break, and retracement C) We have a bullish breakout and a trend reversal, at the support level D) The 0.618 is our ‘Golden Zone’ and if price action breaks above it, and uses it as a support level, there is a high probability it will retrace back to the Swing high (A) E) Price action tests our Swing high, but gets rejected and pulls back to the Golden Zone for a retest, and continues bullish momentum F) We have a bullish breakout from (A) and a full retracement where price action makes new higher highs and higher lows (Swing Low to Swing High) Fibonacci Retracement levels are static, meaning they do not change, unlike moving averages that are constantly moving up and down. This allows traders to react to sudden price changes, as levels are tested to see if support or resistance are rejected or broken. This indicator is neat and simple to use because the levels can last the entire day, and only need to be adjusted if the 0% or 100% are broken. Furthermore, this tool is used mostly by technical traders to map out strategic places where transactions take place. These transactions include your stop loss and take profit zones, knowing ahead of time where the buyers and sellers are located. With the addition of candlestick analysis, we know that wicks and tails react at these levels and get rejected. However, if the body of the candle breaks and closes above or below a fibonacci level, the next zone will act as a new support or resistance, and may consolidate in this zone for a bit before making its next move again. A) This is an example of how to use the Fibonacci Retracement indicator tool when we have a swing Low to a swing High, and want to analyze the retracement levels B) You can use the dotted trendline tool to identify an uptrend, for a possible trend break, and retracement C) This is the swing high where we plotted the Fibonacci tool from the low (A) and is the top resistance level D) The 0.618 is our ‘Golden Zone’ and in this example we see price action break below, but finds new support at the 0.786 level, and reverses to the 0.236 level, before getting rejected and selling off further breaking below the golden zone for the second time E) We have a bearish breakdown from (A) and a full retracement, where price action makes new lower highs and lower lows - RSI Bearish Bullish Divergence Strategy (00:12:43)
Description:
RSI Bullish Divergence Strategy A Bullish RSI Divergence is a trend reversal signal that occurs when the RSI and security price divert from each other. In other words, a security price makes a lower low while the RSI makes a higher low. Therefore, technical traders that can spot Bullish Divergence are aware that a reversal is imminent, and follow other technical indicators and candlestick analysis for a buy entry. Also, with the RSI in an oversold territory around 30, this helps strengthen the buy signal. A) Price action is in a bearish downtrend, making lower lows B) Price action can be illustrated with a descending price trendline C) RSI technical indicator can be illustrated with an ascending trendline D) As price action is making lower lows, RSI is making higher lows, showing strength is increasing, leading to bullish divergence E) A buy entry can be taken by spotting RSI bullish divergence, with the addition of candlestick analysis for added confirmation, leading to the bullish reversal uptrend RSI Bearish Divergence Strategy The Bearish RSI Divergence signal is the opposite of the Bullish RSI Divergence pattern. In this situation, the Bearish RSI Divergence is observed when the RSI makes a lower high, and the security price makes a higher high. Therefore, technical traders that can spot Bearish Divergence are aware that a reversal is imminent, and follow other technical indicators and candlestick analysis for a sell entry if taking a short position or simply closing a profitable trade. Also, with the RSI in an overbought territory around 70, this helps strengthen the sell signal. A) Price action is in a bullish uptrend, making higher highs B) Price action can be illustrated with an ascending price trendline C) RSI technical indicator can be illustrated with a descending trendline D) As price action is making higher highs, RSI is making lower highs, showing strength is decreasing, leading to bearish divergence E) A sell entry can be taken by spotting RSI bearish divergence, with the addition of candlestick analysis for added confirmation, leading to the bearish reversal downtrend - MACD Bearish Bullish Divergence Strategy (00:10:51)
Description:
Moving Average Convergence/Divergence (MACD), was created by Gerald Appel in the 1970s, and is a technical indicator used for trading securities. It is designed to identify changes in strength, direction, momentum, and duration of a trend in a securities price. MACD turns two moving averages into Oscillators, and is composed of two Exponential Moving Averages (EMA), and a Histogram. MACD is composed of three components, MACD Line (12-period EMA minus 26-period EMA), Signal Line (9-period EMA), and a Histogram (MACD minus Signal Line). MACD is shown on all charts as (12,26,9) because of these mathematical equations. The MACD Line is the leading oscillator, where the Signal Line is the lagging oscillator MACD Uses: MACD helps traders understand whether the bullish or bearish movement in price is strengthening or weakening. MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. The MACD chart has a zero line mid-point scale with positive and negative numbers above and below it. Furthermore, the MACD histogram bars increase relative to the direction of the MACD line. A rising MACD line will increase the histogram bars above the zero line, and a falling MACD line will increase the histogram bars below the zero line. As momentum slows down, the signal line catches up to the MACD line, and the two lines tighten, and the histogram will start to deflate which indicates the possibility of a trend reversal. The MACD Line crossover up through the Signal line can be used as a buy signal through the zero line. This position can be held until the MACD crosses back down to the Signal line, or when the histogram bars start to contract, which indicates that MACD is losing momentum. MACD Bullish Divergence A Bullish Divergence forms when a security makes a lower low and the MACD line makes a higher low. Since the MACD line measures momentum, bullish divergence is suggesting that the security may be moving higher despite the fact the price is dropping in the short-term. A) Price action is in a bearish downtrend, making lower lows B) Price action can be illustrated with a descending price trendline C) MACD histogram can be illustrated with an ascending trendline, making higher lows D) MACD line and Signal line can also be illustrated with an ascending trendline, making higher lows E) A buy entry can be taken by spotting MACD bullish divergence, with the addition of candlestick analysis for added confirmation, leading to the bullish reversal uptrend F) A bearish downtrend leads to a bullish reversal with the MACD bullish divergence strategy MACD Bearish Divergence A Bearish Divergence forms when a security makes a higher high and the MACD line makes a lower high. Since the MACD line measures momentum, bearish divergence is suggesting that the security may be moving lower despite the fact the price is rising in the short-term. A) Price action is in a bullish uptrend, making higher highs B) Price action can be illustrated with an ascending price trendline C) MACD histogram can be illustrated with a descending trendline, making lower highs D) MACD line and Signal line can also be illustrated with a descending trendline, making lower highs E) A bearish MACD crossover also takes place, where the MACD line crosses below the Signal line F) A sell entry can be taken by spotting MACD bearish divergence, with the addition of candlestick analysis for added confirmation, leading to the bearish reversal downtrend
