Anybody could explain to me how to avoid a take profit order being filled on tops of wicks ?
In this example I'm backtesting AMD gettex whole history.
First of all I think this 900% wick is erroneous data. Then, I activated the option "After order is filled" and I'm backtesting the 1W timeframe.
This bug gets triggered often on stop sell orders. I think I...
AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that...
NASDAQ:AMD is currently forming a H&S pattern on the weekly chart. I think the price will continue to chop in the right shoulder range until earnings, at which point the price will begin its decent to the lower extremity of the weekly Zig Zag Channel ($140 range). In the meantime, I am watching the Value Area H&L levels shown on the Anchored Volume Delta...
Multiple attempts on the same level. succeeded in one break out but then came back to that level. "sympathy run up with nvda"
fib level resistance.
wickly candles
looks like buyers exhaustion
The big overview for AMD in Pure Wyckoffian POV :
It looks like current price action, based on wyckoff map ( Atypical Re-Accumulation ),
Impending /Undergoing BUEC
I just follow the map, if this is true BUEC (Phase D) , then next will be Mark Up (Phase E)
Respect risk.
Position initiated as attached
Absolute Pure Wyckoff
AMD's main competitor intel is teaming up with google and qualcomm to take down NVDA via the UXL Foundation. Further, intel just got a massive 20 billion cash injection from the federal government. this will give intel a massive competitive advantage over AMD. AMD is currently forming a head and shoulders formation.
Leap puts will print.
Tapering is everything to prove that sellers are weakening and lacking further intention to drop. However, we do have room to the downside to find our green and orange buying continuation/support algorithms.
I will not be going long here until I see signs of magenta and teal controlled price and building further liquidity for a sustained move upward.
Happy Trading :)
Need to see it smash that previous support area some and then begin to take off. I wont feel comfy buying until after it closes over the 9ema. NOTE That is has already passed its previous high on longer scale. major uptrend
Price starting to break out of falling wedge after bouncing off of macro trendline support which was also right around POC, top of most recent Fair Value Gap, and horizontal support. Bullish Divergence was also present on the RSI.
