This is a little, pseudo-study I did on SPY (SPX) analysing bearish chart patterns and whether or not there was a statistically significant relationship between bearish chart patterns and sell-offs and if so, to what degree?
Most of the literature says that chart patterns and technical analysis are not useful and that chart patterns are the circumstances of...
The market is constantly in motion and constantly changing. Every new day is different from the previous one.
At some point, the market movement stops, the sideways movement begins and people start losing money because they do not know how to switch from one market structure to another.
At such moments, newcomers begin to doubt their strategy and blame it for...
Japanese obsession with the number three
Since ancient times in Japanese culture, the number three has been considered mystical, that within it there is divine power.
There is a Japanese saying - "Sandome no shojiki" - "Three times lucky". Among other things, that's why "Sakata Constitution" i "Five Sakata Methods"have achieved their mysticism. The magic number...
Good time of the day, family! A lot of you were asking for Part II for our popular chart indicators summary and here it is. Hope you y’all find it useful! Last week, we’ve covered Bollinger Bands, Keltner Channels and MACD (link under the post) and what they’re commonly used for. This week we have:
We've been looking at technical indicators that mostly focus on...
Understanding Market Structure
In this I explain how to use TradingView tools to mark out the recent price structure so that you can know what side of the market to be on (Buy or Sell) very quickly and easily without the need to use any indicators.
You can apply this technique to any market, FX / Stocks / Crypto... it works on all markets.
By understanding...
Hi friends ,
today i'll share with you the most famous
candlestick pattern everyone should know. part 3
we will start with the morning star .
this pattern appear in the downtrend and It indicates the possibility of a price reversal ( long )
second , the evening star appear in the uptrend and It indicates the possibility of a price reversal ( short )
third ...
What is Dejavu?
Dejavu is a term used to describe a feeling that one has lived through the present situation before.
How does this tie in with the markets?
Technical analysis is based on patterns repeating itself over and over again. Technical analysts believe past trading activity and price action can be valuable indicators to future price movement.
How...
Supports,Resistors and Trend
First of all say that all the forms of Supports and Resistances mentioned in this guide are based on my personal experience, there are several ways to really see it, but you can take it as you wish.
This topic is broad, and it is not based on the use of a tool, I consider that the tools are good enough to give you ideas, but it all...
Many traders, especially when starting out find themselves in a constant search of the best trading strategy.
A quick Google search is enough to scare anyone starting out, as the number of indicators and strategies to use under different market conditions is overwhelming.
In this article, we will discuss *1* indicators nature and the correct way to use it, *2* ...
Decided to start posting content. Going from Basics to more advanced topics, little by little.
If you're just starting to learn how to trade, here's the first thing you should know. What's a candle?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
-The...
Id like to see price go back into the channel it was in (first half).
Seeing price didnt settle below 1.17600_500 id like to see a close below before trying to take a five dollar from it 50pips🤔🏄
For now I need clear rejection and indecision candles to show pair is struggling to pass a certain levek which can be 18450_600
If thats broken with a daily close...
I'm making a little educational series of tutorials to put some of my trading philosophies into writing for myself but also to help teach anyone interested or provide a fresh perspective to others.
Let's start with COLOR .
From indicator lines, fill regions, background colors, arrows, to barcolors (be it from an indicator or just the basic candle), most traders...
GBPJPY has created a head and shoulder pattern, however this is not the only reason for entering.
Price has tried breaking out from 142.800 however could not, we got a retest and a nice bodied bearish candle.
I entered on the Bearish candle on the right shoulder but this is a good opportunity to get another entry in as price is currently just retesting the...
After I have plotted all the swing levels on the yearly chart I move to the monthly chart.
Chart setup: On the monthly chart I show the yearly pivot points. These pivot points are plotted on the chart from the beginning of the year to the end of the year. I also drawn in any swing levels from the yearly chart that pass through or are close the the yearly pivot...
RULES: -----------------Auto-Trendline Strategy ------------------------
For LONGS:
1- 3 Green squares on the Trend meter (Oscillators)
2- Green Trend line price Break
3 - Price above 10 EMA
4- Watch for support/resistance Gap in between.
5- Open 1:1 Risk reward ratio Long based on the largest wick of last 8 candles.
For SHORTS:
1- 3 Red squares on...
In this pic we can see how parallel lines (candells) can show trend. When you see them you can expect much more bigger up trend. In BUY trend they coming from another side, you have one more idea down in atach for parallel cand down trend situation.
Thanks on supporting!
All best!
