My good friend Moses emerged from the cloud and declared “I have beaten the Nasdaq 100 by 1,100% over the last 24 years.”
I double and triple-checked his numbers, and goodness me he was right.
“How did you achieve that Moses!” I exclaimed.
“It was achieved using the application of mathematics and technical analysis” Moses retorted.
“But what did you do...
RSI Bullish divergence present, we should see a backtest of the 19900 support (2017 bullrun peak) continued by a nice rally reaching around 23000, testing that level as resistance for the first time since the start of the 2020 bull market.
Not the greatest ROI due to not trading a high frequency. However, 75% win rate with a profit factor of 25. Winning trades yield about 8.5x as much as loosing trades. Only trades about 60x per year and typically holds winning trades for about 6 days. Avg trade returns .65% ROI. Largest floating/running drown down during any given trade was .78% with the...
This was an interesting find using the EMA on Implied vol indicator. Looking at the technicals below the bar chart price has rallied 3 out of 3 times when this has happened during oct 2021 and April 2022. Along with the rallies have come the sell offs unlike the rallies the black EMA and the vix fix line track each other as the market sells off causing the red...
In this theory I test my 4 Wick Drop Strategy.
Based on Price Time and Structure.
When Price intersects a certain price structure is created. This Structure causes Price action. This price action lets us know that Structure has been set.
Once price is trapped inside of Structure it creates what you hear called ZONES.
The 1st two Wicks Create the High and Low...
I am backtesting setups but what I am specifically looking for is similarites in the formations of my setups.
It is very easy to hindsight trade and leave your trading desk happy but it is about having setups that you can see in real-time markets.
The habit of hidsight trading 'with no intent of real-time application' is one you must break through mindset...
Getting some backtest time in. Aiming for the daily resistance for sell opportunities. Missed out on some buy opportunities but after seeing it its starting to make sense and i have a better understanding on what to look out for.
GME back-tested the recent break-out of the descending wedge and held/bounced during the Thursday/Friday trading sessions last week. Bullish.
Price is also finding support on the 0.382 fib level here. This fib was important on the way down as GME held/bounced along it at least 3 times on the down wave, and this general price zone has been important for this...
PRO TRADER : Do you see the HISTORICAL EDGE?
NEWBIE : Yeah we close under the 200D MA
PRO TRADER : Close! The QQQ made a 5day low for the first time in the last 10days AND it closed under 200D
⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️
🔱 This setup has occurred 25 times since 2000! 💎
🔱 The 10 day move from here has had 76% chance of being bullish 🟢 ( aka higher from here)
To ideas that could play out and how I am looking at it.
Adam and Eve formed looking for first time frame back test:
Current resistance around .10 which it hit.... I am assuming for a back test and will load up as my first load up area. But will be keeping a close on on second situation to happen
We break above the .1 resistence...
BACKTESTING XOM for Tweezer Top candle stick formation and profitable entry and exit strategies
XOM MARCH 8TH
TWEEZER TOP FORMATION
ENTRY CANDLESTICK WAS AT 2PM
USO MARCH 8TH TWEEZER TOP FORMATION
ENTRY CANDLESTICK WAS NOON
XRP has recently show solid signs of price reversals. We have to understand that nothing goes up or down in a perfect strait line (unless a massive short squeeze, which is never sustainable) so pullbacks are normal. This has a lot to do with a BTC and until it goes into a retracement we will not see an alt season.
Even though BTC could actually dip a bit further...
-As we can see the market-tested more than twice the resistance and the VWAP which means that the market is preparing for a bullish trend, also we see that a huge volume comes up (in green) compared to the other ones of this day that confirm this idea
- also we can see a significant wick touching the vwap and having a pullback on it
Therefore we should Buy NQ!...
The latest days the Bitcoin price has really shown strength. I know that a lot of traders have taken good profits from these movements. Also another group off people will probably show FOMO-action and will jump right in because the price is moving and they don't want to miss possible gains. Thats what FOMO is.
However, watch out by stepping in now and take a...