In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty.
The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.
Quick tutorial on how to scale your charts. This was a massive pain in the neck for me for awhile , and I'm sure it has caused many to either not use the Gann method or to use the method incorrectly. Stumbled upon @MagnusTradingGroup post back in the day but made some minor adjustments to their method regarding the rectangle set up. Good luck!
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by.
The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and...
Some interesting developments on Tether. As the confidence Tether starts to fade more and more you will see a much larger price difference between exchanges and screwed up Trading.
Crystal balls are either cracking or working overtime around the world in attempting to predict what's going to happen with Wall Street. See also What rules the world?
As I said so many times before, 'nobody can predict anything' in stock markets or any other market - for the simple reason that nobody owns the future.
In this screencast, I show a bit of my...
Rundown of the options for the moving average indicator.
Plot MAs of your choosing
Plot ribbon/cloud of MAs
MA options
Simple Moving Averages
Exponential Moving Averages
Double Exponential Moving Averages
Symmetrically Weighted Moving Average
Weighted Moving Averages
Volume-weighted Moving Averages
Moving average used in RSI
Arnaud Legoux...
In this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding.
I show how I made a decision to short.
I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what...
Identify horizontal support and resistance lines using your choice of 6 methods.
Available options
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4...
It's difficult to see from a chart that does not move how the clouds work, so I made this short video on Replay Mode to demonstrate.
Watch how the price reacts to the cloud tops, bottoms, intracloud SnR lines, and the RealTime additive (thin green line).
Sit back, relax, and watch the clouds paint on ETH/USD.
In this video, watch Heffae Clouds paint the Predictive / Adaptive Support and Resistance clouds.
Multiple Timeframes, 3X indicators set to 1Hour, 4Hour, and Daily timeframe.
The Heffae Clouds indicator is a kind of spiritual successor to the Ichimoku Cloud. Read the full description here:
PM...
This is a subject not many traders talk about and explain how you may overcome it.
But the fact is money management from a winning position is the hardest thing about trading
When do you take profit?
When do you move your stoploss?
Whats the plan
Hope this video helps!
Link to indicator
Link to sister indicator
Setup video
Early warning alerts
V1.02
-Fixed missing alerts
-Added possibility to alert if more than X number of oscillators have a similar divergence
Hidden Bearish Divergence on any Selected Oscillator
Hidden Bearish Divergence Developing on any Selected Oscillator
Regular Bearish Divergence on any...
A simple moving average (SMA )is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. A simple, or arithmetic, moving average that is calculated by adding the closing price of the security for a number of time periods and then dividing this total by that same number...
