Today we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market.
Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying...
When evaluating whether to take a short or long position, it's crucial to observe current trends. For example, the NQ 4-hour chart maintains its uptrend as it hasn't broken any higher lows. This was evident during a live chat I observed today, where some traders were initiating short positions anticipating a "flush." However, their rationale wasn't clear....
This is an education-style publication where the main graph is a comparison (ratio) between two ETFs (funds) managed by State Street Global Advisors Corporation, the creator of the world’s first ETF (well-known in nowadays as AMEX:SPY ) and an indexing pioneer.
The first one ETF is The Technology Select Sector SPDR Fund, AMEX:XLK .
👉 AMEX:XLK seeks to...
This strategy is a trend following strategy to be applied when the market is uptrending. It demonstrates the significance of breakout levels which are very often retested prior to continuation to the upside.
For Trend visualisation, 10, 20 and 50 Moving averages are used.
If you apply ONLY this setup and and nothing else, you will have a statistical edge and be...
Now as of recently I have become submerged into Elliott wave theory.
It helps me define order flow on a fractal level and with the implementation of certain other order flow concepts,
I can then define the intent of order flow between sessions.
Elliott wave is fundamental in understanding market structure. Impulses and Corrections are fundamental in driving...
Today we prepared for you 3rd part of our paper on asset classes for beginners. Purpose of this paper is to concisely detail futures contracts, forwards, swaps and options.
Asset Classes - Part 1 and 2 - For beginners
Feel welcome to read part 1 and part 2 if you have not yet.
Derivative
Derivative is a type of financial asset which derives its value from...
I got smoked shorting the MNQ today. And it was avoidable.
The MNQ1! and the MES1! were flashing warning signs since the Sunday open to NOT fade the move. I stayed off the sell side for the opening 30 minute candle, but then got sucked in at a level. The entry was a violation of one of the Golden Rules of Range Trading - STAY AWAY from Outside Days!
In this...
This is a video that describes, at a high level, a strategy I recently implemented and automated. It generates very impressive back testing results ans has proven to be very successful in the last 9 days of actual live trading so far...
Enjoy and let me know your comments.
Steps:
1) Fit a SuperTrend indicator (By KivancOzbilgic) on a daily chart
2) Fit another SuperTrend on a smaller timeframe ( when 1 and 2 are green then Bullish, 1 & 2 are red then bearish)
3) Use the TTM Squeeze indicator (By Greeny) to determine entry and exit points
4) Adjust the level of fluctuation you are willing to live with by setting a cap on the ATR...
