johntradingwick

johntradingwick

Who is Peter Lynch? Peter Lynch is a renowned American investor who is best known for his tenure as the manager of the Magellan Fund at Fidelity Investments from 1977 to 1990. Under Peter Lynch's leadership, the Magellan Fund became one of the most successful mutual funds in history. During his tenure, the fund averaged an annual return of around 29% ,...

johntradingwick

Hi all, hope you guys are doing well. In this post, we are going to see how we can combine different indicators/concepts to create confluence zones and find high-probability trades. Introduction A trade that has a greater chance of success than a regular trade is called a high-probability trade. Obviously, it's our assumption that some trades have higher...

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Key highlights: ⚡️ Symmetrical Triangle ⚡️ Support from Flip zone ⚡️ Bullish market structure ⚡️ Volume expansion A logical setup is to enter on the retest of 240 zone on lower time frames. Aggressive stoploss: 237 Safe stoploss: 230 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own...

johntradingwick

A bit late to the party! Key highlights: ⚡️ Wyckoff accumulation schematic ⚡️ Range breakout ⚡️ Bullish market structure ⚡️ Volume expansion A logical setup is to enter on the retest of range high or the previous supply zone (now a demand zone). Stoploss : 560 Target : 650, 680+. Disclaimer: This is NOT investment advice. This post is meant for learning...

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Key highlights: 1. Approaching weekly demand zone 2. May try to reclaim 200MA cluster 3. Volume climax 4. Approaching previous support level 5. RSI oversold on multiple time frames 6. Wait for a reaction from the demand zone Conclusion : We may see a relief rally in the coming week. The idea seems to be too ambitious at the moment. Wait for a reaction from the...

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Key highlights: 1. Sitting in Daily demand zone 2. May try to reclaim 200MA cluster 3. Volume climax 4. Sitting at previous swing level 5. Formed a high volume bullish hammer on daily 6. RSI oversold on multiple time frames Conclusion : Expecting a relief rally in the coming week. Disclaimer : This is NOT investment advice. This post is meant for learning...

johntradingwick

Key highlights: 1. Bounced off H4 demand 2. Trying to reclaim 200MA cluster 3. Volume climax 4. Bounced off previous swing level 5. Formed a bullish engulfing on daily 6. RSI oversold on daily and is curving back upwards. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy...

johntradingwick

Key highlights: 1. Bounced off weekly demand 2. Closed just above 50MA on weekly 3. Bounced off weekly support level 4. Formed a high volume Hammer on weekly 5. Formed a bullish engulfing on daily 6. Trying to reclaim 200MA cluster 7. RSI oversold on daily and is curving back upwards. Conclusion : Expecting a relief rally in the coming week. Disclaimer...

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1. The current structure looks very similar to the accumulation structure formed in May-August 2021. 2. The distribution schematic was clear in May, but this time (in November) it was not as clear and seemed like a pullback. 3. Retailers are bearish now since the price broke down below 200MA and a death cross is nearing. This is conventional thinking. Retailers...

johntradingwick

Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar. Learning objectives: After studying this post the student should be able to...

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Key Highlights: 1. Higher time frame trend = Bearish 2. Multiple BOS to the downside 3. Retracing back towards the 4H POI 4. Liquidity pool overhead 5. 2 probable trade set-ups: a> Rejection from the 4H POI b> Sweep above the last HTF high taking out the liquidity before falling back towards the range low Disclaimer : This is NOT investment advice....

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There have been multiple BOS to the downside. Here are 2 potential short set-ups from 1H POI and 2H POI. Take the trades only if there is a change in market structure. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)

johntradingwick

Hi, today we are going to see one of the most important concepts for day trading. I have taken all the content from the book “Secrets of a Pivot Boss” and added illustrations and charts, so that you don’t have to read the book. I am merely a presenter of the original content written by Franklin Ochoa. But the charts and illustrations are all done by me. There...

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SPX seems to running into problems here. It opened gap down today and filled the previous gaps. But it left an unfilled gap on the upside: 4277-4321. If the gap doesn't get filled, it will likely to boost the global sell-off. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

I have noticed this correlation between S&P 500 and Vix. 1. Whenever there is a spike in volatility and volume, that seems to mark the bottom for SPX. 2. This theory seems to be holding for the last 7-8 months. 3. Currently, we are facing a similar kind of situation. The Vix has spiked and the price is tanking. 4. If the theory holds its value, the bottom may be...

johntradingwick

Underlying logic: 1. The price gets rejected from a level repeatedly and forms a major resistance. 2. There is an initial test of supply which absorbs some pending orders 3. The price finds a bottom and some sort of accumulation happens. 4. After the accumulation, the price tries to move back up to retest the resistance level. 5. A bull trap is confirmed when...

johntradingwick

Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...

johntradingwick

Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be...