================================STOCKS EVERYDAY=============================================
1. IMPUSIVE MOVES- Candle charts
- a high which breaks the previous high
- For buying we looking an uptrend we looking HLs and HHs
- As long is it does not break the previous low we good
- For selling we looking for LH followed by LL
- we do not want to see the market breaking up the previous high
2. RESISTANCE AND SUPPORT
Resistance - where the price is bouncing back from going up
Support the lower base where the price is bouncing on the base and then goes up
For an uptrend, we looking for resistance to break and then a pullback to come to the support in the uptrend
Fo downtrend we looking for a level of support to break
3. INDICATORS
- Mathematic equations which will lot histograms to help with some historical analysis
: Average True Range (ATR) is common technical analysis tools used to measure volatility
- To measure the pips average by getting the average price on the pipis for the last 14
- Stop loss is on the 1 AVR
- To the bottom its 2 AVR
: Moving Average- the last 20/50/200 closing positions average
- if the price is above the 20 am in an uptrend
- if the price is below 20 am in a downtrend
- In a trending market you can use the moving average as a trend stop and use a 1:4 risk ratio
4. CANDLESTICK PATTERN
- 38.2, Fibonacci retracement from the bottom,
- Engulfing candle-large body than the previous and its different color it's going to bulling red followed by bigger green
- Close above/below candle - in which the close of the candle is below the low of the previous candle and for bearish its red to green
- Close above for the bullish - candle two closes above the high of the previous candle and it should red to green for bullish
5 CHART PATTERNS
- Double bottoms - makes a w top - it's invalid if it does not touch or if it protrudes outside my size
- Double tops - makes a resistance at the top, then goes below to the neck and back to the top resistance again before going all the way down breaking the neck
- Then we look for a pullback from the position on resistance
TRADING STRATEGY
CEST
Condition
Entry - I look at the 38,2 above Fibonacci retracement
Stop - I look at 20 pips below the low
Target - target we using 1:1 reward risk so it will be same 20 pips up
1. IMPUSIVE MOVES- Candle charts
- a high which breaks the previous high
- For buying we looking an uptrend we looking HLs and HHs
- As long is it does not break the previous low we good
- For selling we looking for LH followed by LL
- we do not want to see the market breaking up the previous high
2. RESISTANCE AND SUPPORT
Resistance - where the price is bouncing back from going up
Support the lower base where the price is bouncing on the base and then goes up
For an uptrend, we looking for resistance to break and then a pullback to come to the support in the uptrend
Fo downtrend we looking for a level of support to break
3. INDICATORS
- Mathematic equations which will lot histograms to help with some historical analysis
: Average True Range (ATR) is common technical analysis tools used to measure volatility
- To measure the pips average by getting the average price on the pipis for the last 14
- Stop loss is on the 1 AVR
- To the bottom its 2 AVR
: Moving Average- the last 20/50/200 closing positions average
- if the price is above the 20 am in an uptrend
- if the price is below 20 am in a downtrend
- In a trending market you can use the moving average as a trend stop and use a 1:4 risk ratio
4. CANDLESTICK PATTERN
- 38.2, Fibonacci retracement from the bottom,
- Engulfing candle-large body than the previous and its different color it's going to bulling red followed by bigger green
- Close above/below candle - in which the close of the candle is below the low of the previous candle and for bearish its red to green
- Close above for the bullish - candle two closes above the high of the previous candle and it should red to green for bullish
5 CHART PATTERNS
- Double bottoms - makes a w top - it's invalid if it does not touch or if it protrudes outside my size
- Double tops - makes a resistance at the top, then goes below to the neck and back to the top resistance again before going all the way down breaking the neck
- Then we look for a pullback from the position on resistance
TRADING STRATEGY
CEST
Condition
Entry - I look at the 38,2 above Fibonacci retracement
Stop - I look at 20 pips below the low
Target - target we using 1:1 reward risk so it will be same 20 pips up