So, I love backtesting. Recently I've found my self in a 3% drawdown and needed to figure out what the cause of it was and trading at this moment won't give me that answer.
So, I decided to backtest.
Here is what I found:
1. I'm overtrading my system
I am a proud swing trader who got back into scalping the market in December 2022. It was mot my idea, but I...
Hey traders, Above is my first video ever made on this Platform in which i explain a simple way to find strong support and resistance zones using bollinger bands indicator.
ok here me out.
i'll go straight to point
this message is for the newbies (oldies gonna hate)
what is pure Minimalist Technical Analysis Trader ( MTAT : i just made this up)
-it is when u leave out all so-called indicators and focus on the chart
-some of these indis are: MACD, RSI, ATR, STOCHT....
-it's when u leave out the FUNDAMENTAL...
🔴Multi-candle patterns are more reliable
The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They...
Fibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They...
Trend trading is a style of trading. It specifies what you are looking for when trading a specific market.
Style
Trend trading sets you on a path to looking for a clear and defined uptrend and downtrend. Anything outside of that realm is no longer considered trending.
A clear uptrend defines price forming a path of repetitive high prices called higher highs...
What it is?
Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation.
By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices...
Blockchain transaction fees are very essential method for cryptocurrency trading platform. This transaction fees obviously divide to the miner and validator as reward and commission who help to protect the network from spam and malvare attacks. Transaction fees can be small or large amount depending on the network . Market pressurize to increase the price and...
Hello👨🏻🏫, dear traders from all over the world🗺️.
I'm Pejman🙋🏻♂️ & welcome🌸 to one more educational adventure🧭 in Tradingview, but we will not be traders💹 today; We want to look at our charts like a hunter🏹.
We look for every clue🐾 we see so that we can hunt suitable positions💱 like valuable creatures💰 and transfer them to the cages as our accounts💳 or...
Hello, my dear traders🙋🏻.
Welcome🌸 to the Charts section📈. My name is Pejman, and this is the Museum🖼️ of Technical Analysis in Tradingview. I'm your tour leader on this visitation, and we will get to know all the Charts well together📊. I'll provide the necessary information about each Chart and answer your questions✅.
🚫So during this tour, please don't eat🍟or...
Hello, my trader friends🙋🏻.
I want to tell you the story of Technical Analysis, its advantages & disadvantages.
We're even gonna learn about its branches.
Like any other science, Technical Analysis has come a long way, and it's still evolving. But why should we learn it and know it well?🤷🏻
When you're trading, you may be afraid or greedy. But how do...
Best Indicator for crypto trading is RSI ( Relative Strength Index ) is very necessary for technical analysis . Mostly traders observe the previous market volatility and predict future trends . All cryptocurrencies are run by blockchain technology so traders use this tools to analyses the markets fluctuation. There are many indicator for crypto trading but the...
Hey traders,
Trading robots are commonly perceived as a sort of magic button. Once it is clicked, the system starts trading automagically, generating consistent profits. What can be better?
However, many pitfalls are hidden behind its simplicity.
In this educational article, we will discuss the advantages and disadvantages of trading with Expert Advisers (EA)...
I recently did a video to highlight the key levels to watch on the S+P. There is a convergence of resistance at 4017/83 (this is the location of the one-year downtrend, the 55-week ma and nearby resistance). I explained that success or failure at this key zone would be critical for direction over the next few months and this zone should go on your radar.
I was...
🟢What is the Triple Top Pattern?
A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend.
This pattern is formed with three peaks above a support level/neckline.
The first peak is formed after a strong uptrend and then retrace back to the neckline.
The formation of this pattern is completed when the prices move back to...
“Leverage” means using a small amount of your own money in order to control a much larger amount of money. Typically, you borrow the remaining amount through your broker.
For example, say you want to control a $50,000 position. Your broker might put aside $500 of your own money and borrow the remainder. You now have control over the $50,000 with just $500...
hello dear traders,
Here are some educational chart patterns that you must know in 2022 and 2025.
I hope you find this information educational and informative.
We are new here so we ask you to support our views with your likes and comments,
Feel free to ask any questions in the comments, and we'll try to answer them all, folks.
What is the head and shoulders...
Hello dear traders,
Here are some educational chart patterns you must know in 2022 and 2023.
I hope you find this information educational and informative.
We are new here so we ask you to support our views with your likes and comments,
Feel free to ask any questions in the comments, and we'll try to answer them all, folks.
bearish candlestick pattern:-
Bearish...
