Jim Simons said: "We have three criteria: If it's publicly traded, liquid and amenable to modeling, we trade it." This quote is from an interview with Simons in 2000. The three criteria he mentioned are the basic requirements for any asset that Renaissance Technologies would consider trading. Publicly traded means that the asset can be bought and sold on a...
Welcome to the world of candlestick patterns! 💜If you appreciate our charts, give us a quick 💜 Doji candlesticks, with their equal or nearly equal open and close, offer crucial insights into market indecision. Understanding these formations is key to anticipating potential reversals and trade decisions. Let’s delve deeper into their significance and how to...
One of the signs of a recession, for a Chartist is the 200 EMA under the 50 EMA. Well as you can see that has happen serval tines since July 19 th when I beegan telling everyone short all new, all time highs (see my Idea). Notice it's about to happen again. Other signs: Volatility Index (VIX): ... GDP Contraction. ... Low Industrial Output and sales. ... Growing...
Hello, Successful trading in the stock market requires a comprehensive understanding of market trends and the ability to identify price patterns. One such pattern is the interplay between impulses and corrections. By recognizing these alternating phases, traders can gain valuable insights into potential market movements and make more informed trading choices. In...
“Do you have any risk or money management rules you take, during a Sideways Market or Twilight phase? I want to be more cautious with my trading.” These actions, no doubt, will help us protect and preserve our trading accounts. Action #1: Drop your risk even more If you’re feeling uneasy with the markets, as many have – drop your risk. You can even drop...
As per @TradingView 's previous post, in this article, I am going to share my trading strategy in three steps. 📌 Step 1: First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. Is it bullish, bearish, or stuck inside a range? If the price is sitting in the middle of nowhere, then it is a NO trade zone, as the price...
Imagine a rollercoaster: first, a steep drop (downtrend), then a brief pause (consolidation) before another drop. 💜 If you appreciate our charts, give us a quick 💜 This pause creates a symmetrical triangle of highs and lows, indicating market uncertainty. When prices break out below this triangle, it signals a likely continuation of the downtrend. 1️⃣ The...
The overbought & oversold levels on a lower timeframe can determine the upper and lower wick on a higher timeframe's candle. If you know with a high probability what the directional bias is (trend is determined by the HTF candle body closing above or below the 8ema convincingly) you can then use the LTF overbought/sold levels to catch the wick entries of the...
Navigating the world of cryptocurrencies can be like embarking on a treasure hunt, and today, we'll discuss the art of finding robust altcoins. AVAX and INJ serve as excellent examples of how to identify strong performers. Comparing AVAX with Bitcoin: When searching for strong altcoins, it's crucial to compare their performance against the market leader,...
People confuse being a trader with being a chartist. Traders can: - Mange emotions - Have Discipline - Execute on a trade idea Chartists can: - Make chart look pretty - Look sophisticated - miss trading opportunities because their too busy screenshotting for social media Only Few Understand…
We can see how the price was in a bullish structure making HH and HL. Touch a new Hh in 1h and came down to create a new lower low changing structure to bullish and create a order block in 3h. We just wait until New York for the retest. I open my position in psychological #183.400. I put my stop loss 25 pips up from my position #183.650 and my take psychological...
This is an example of how you can use Elliot Waves to enter a trade. The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern. Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end. After that, we can see a sharp rise up. This is...
The only constant with the financial markets is… Change The market is constantly changing in a way that it’s bringing: New demand New supply New volume and fresh changes in the complex algorithms. If you want to thrive you need to learn to learn to adapt, evolve and grow with the markets. I want to cover four elements to today’s topic. The...
Hello, A simple way of looking at companies is by looking at their charts. The chart tells you a story the balance sheet might never communicate. It gives a story of who between the sellers & buyers is in control. First, let us understand what the candlesticks are and how they can be used Candlestick Charts: Candlestick charts are widely used in technical...
Sometimes it helps to zoom out and look at these names from a distance. we look at a view that's totally different from the daily or 30min charts we're staring at all day long, to just break away from the daily noise. This is a view of my "big 4" - looking at ==================================== * weekly chart, Renko, $1 blocks * 1 Year of data * Most common...
Break of Structure: This term is used in trading and technical analysis to describe a significant change in the price action of an asset. It occurs when the established pattern of higher highs and higher lows (in an uptrend) or lower highs and lower lows (in a downtrend) is disrupted, indicating a potential change in market sentiment and trend direction. ...
The world of trading, much like the realm of art, is filled with uncertainty, complexity, and the need for creativity. Both traders and artists embark on journeys of discovery, seeking to master their crafts and find a unique approach in their respective fields. Without further due, let’s delve into the fascinating parallels between the practices of famous artists...
Greetings, traders! Today, let’s dive into a powerful candlestick pattern: the Three White Soldiers. This pattern, often regarded as a bullish signal, can provide valuable insights. Understanding the Three White Soldiers Pattern: The Three White Soldiers pattern is identified by three consecutive bullish candles, symbolizing a robust influx of buying pressure....