Hello, it's Stock Justice here! In our latest video, we explore the intricate workings of the Dynamic Action Convergence Divergence (DACD) - a tool that synergizes the robustness of the ADX and the DI lines to create a dynamic and responsive trading indicator.
We plunge into the depths of DACD, starting with the base components - the Average Directional Index...
Hello, it's Stock Justice here! In our latest video, we delve into the world of the Dynamic Fusion Oscillator (DFO) - a tool that blends the power of the Relative Strength Index and the Stochastic Oscillator. I walk you through how it works, from understanding these two base components to how we fuse them to create a balanced and sensitive tool for identifying...
The signs that I taught you in this lesson can be very useful
If they are recognized in the right place
One of the best situations to use these signs is near support or resistance
Some tips to identify a reversal, minimise risk when choosing where to open a position and identify targets to close the position with less risk and more profit.
WHAT IS AN INSIDE CANDLE
1. Previous candle engulfs next candle
2. 2nd candle high is lower than 1st candle
3. 2nd candle low is higher than 1st candle
INSIDE CANDLE METHOD
1. Incoming Trend
2. Inside candle - Opposite color
3. Enter Break of Engulfing Candle
Inside Candle method is a great short term consolidation indicator.
If your trade plan contains...
Will Price Continue or Reverse
Possible Expectation of Price and a Moving Average
If less than 30 bars since price has been on the opposite
side of MA - expect range behavior not continuation
If more than 30 bars expect price to continue in 1 direction
