The back testing was done with 240 days of data using the following settings (if you find better settings let me know)
BTC = 5 5 25 settings
ETH = 3 5 25 settings
You can choose in between using the filter or not and also set alerts according with/without the filter.
This is a threads of my reading notes for the great book: [Technical analysis using multiple timeframes]
And here is the notes of chapter 13, how & when to sell short
I will go through all of key points of this book, and find proof from the bitcoin chart.
Why to selling short?
from the book : bear markets occur every 39 months on average and...
Hammer, The first sign of the beginning Ascending wave:
Hammer shows that the war between buyers and sellers, at the beginning of the day sellers could create significant reduction in price, with their high investments. But when the price had come to the lowest extent of it, many of buyers have entered with more investments than sellers. And again they could...
By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next!
Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is...
Conditions of a Perfect Shooting Star:
Body is short.
The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star.
The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price,...
Not that it will make a difference with 90% people...
At least it gives me some practice. Always good.
No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway.
I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections...
Conditions of a Perfect Hammer:
. Body height must be short.
. The total height of the candle must be taller than the Daily ATR-264. The taller the candle is, the stronger the Hammer is.
. The lower shadow’s length should be very tall. It is better to be over 75 percent of the Daily ATR-264.
. The upper shadow does not exist, or if it does, it is very small. It...
For having successful and steady transactions, Simple detection of market patterns is not enough. But with a deeper look, we should calculate the success possibility of each pattern. One of the determining power Parameters of hammer stick is about Descending or ascending that the body can be. Thus, if the body of hammer is ascending, Possibility of...
The apex of triangle on CCI is below zero, favoring down. The move continues down from the previous CCI short signals. Because there is now a CCI divergence, two new things may be on the horizon.
1) at some time, the price is likely to be revisited where it was when the CCI low prior to the divergence occurred.
2) normally a CCI divergence occurs before trend...
Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference.
This is what I know about myself:
1- Strong trends
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
Trading Pullbacks with Keltner Channel
Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend.
As you already learned when the price hugs one of the two bands and crawls along the band, we have a...
This one is kinda of a new one for me.
The levels are not like always, but have been having some trouble with jpy pairs, so here is to something new.
-On the daily, the price has bounced from the 61% fib lvl, leaving us a higher target
-The price has been uptrending this days
-Bounced from a monthly level
-emas crosed bullish
I think, that the price might...
This defines a trend in such in clear terms that it applies to any time frame, any symbol, any market, any time of day.
Here are some definitions I have heard what is a trend
A trend demonstrates higher highs, or lower lows. Really? how many bars of "higher highs" or "lower lows" are required to define a trend?
The trend is your friend until it ends," because...
knowing the trend of your chart will help you not get headaches later on in the market.... Also lining them up with PRZ levels is an added bust to what you already know about the market.
If you have any questions please feel free to message me.