I have been back testing the On Balance Volume indicator (OBV). So far, so good. I did not publish my first test (Facebook), but will publish from here on.
OBV is basically an accumulation/distribution indicator. When there is divergence, it shows weakening/strengthening markets. If you are unfamiliar with OBV, look it up.
Here is what I found with Tesla:
OBV...
I recently published an idea on the (mostly innate) qualities required to be a good speculator.
Next I will write an idea on what one has TO DO to accomplish his goal of being profitable. Not general qualities. What actually must be done.
That thing we never hear about, trading educators never ever tell anyone this, all they do is mention "the psychology" and...
All comments and likes are very appreciated.
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Making a good investment and trading choices requires extensive market research and investment education. If you use or are interested in using an online trading service to start playing the market, it is...
This is serious. Find out what 'REPOCALYPSE' is about. Protect your positions very carefully.
Get real - I don't know when it's happening nor does anybody else.
REPOCALYPSE is not just doom-saying stuff, though it might appear sensationalist. This is reality mates.
Those who keep there heads in the sand and do not take protective actions will be flushed out....
Hi everyone
A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect...
Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)!
In most circumstances we can only see that some...
I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence...
As other pairs lag ,i thought it would be nice to do a rundown on the two pairs with similar incomplete wave counts.
As seen on both Gbpusd & gbpjpy
The extension moved to the wave 2 of the wave.
Similar formation both ending at wave 2.
GBPUSD
GBPJPY
S&P500 has enjoyed a strong upward move in 2019.
We see that it has continued to make higher highs and lower highs which is positive for the S&P500, yet we approach a trendline that was created by a sloping triple top which has held strong since October. Should the price penetrate this line, $2776, then we could see a continued move upwards for the...
FTSE 100 broke a major downtrend lend to the upside on January 30th 2019 and has continued to push higher. With Brexit looming over, it is a volatile time for the UK and Eurozone participants.
The recent fib extension indicates that the FTSE 100's move higher could continue to the 127.2% level, 7311, which can make further headway back to a full 100% retracement...
Bitcoin's recent surge upwards, which saw the 2019 trendline break, saw last week's trading stagnate.
With the surge, we can see a bullish flag pattern and as of Friday's session close, a small breakout had occurred.
This could mean that Bitcoin could continue to rise should it breakout further of the flag formation. This breakout also closed above a...
The week ahead looks positive for the EURO as Friday's close saw a Hammer Candlestick form on the support level generated from June 2017.
Near term, fib levels suggest that we will see some stalling or reversals between the 38.2% (1.1344) and 61.8% (1.1411) levels. Should we see price continue to rise opportunity lies ahead to run the course to the 100% level,...
This is my first technical and fundamental analysis of Binance Coin (BNB).
I also take the opportunity here to draw a parallel with another altcoin, TOMOCHAIN, not yet available directly on Trading View.
I have shown by vertical lines each Burn of BNB that occur every quarter since 10-18-2017, 6 Burns now reducing the total supply of BNB tokens by 5.41%. This...
Looks like that gbpusd fighting at price "1.30606" and if that flag breaks we might see that market go up
it is not a investment idea its just my analysis
The Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market makers will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low...
In this screencast I share some of my own personal journey which I suspect may resound with many a struggling trader out there. This post is in keeping with the house rules on text-based analyses, and psychological self-analysis is the biggest most important aspect of trading. It is clearly in the category of 'Beyond Technical Analysis'
I had been thinking for...
