Welcome to Part 2 of the series examining algorithmic support and resistance (S/R).
Today we'll check out Apple Inc (AAPL), and how the algorithm defined S/R zones over the last 15 years.
So, as I mentioned in Part 1 (see the Related Ideas link below), the algorithm incorporates a number of factors to determine, in real-time, viable support and resistance zones....
Welcome!
Here's a super simple chart, and strategy, which can help you get started in your trading journey.
Trading strongly correlated pairs and looking for divergences is hardly an industry secret. It's a standard technique, and one that is heavily employed by large institutional investors.
Basically, correlation means that certain pairs move in a similar...
Welcome!
Today I'll be demonstrating the efficacy of a method I've determined to identify and trade support and resistance (S/R) zones in real-time.
Normally, traditional technical analysis requires a S/R zone to experience multiple validation events (touches, reverses, bounces), before it becomes tradeable. The downside to this method is that numerous...
In the previous article we discussed only trading on strong trend days or strong markets. We also identified what increases the likelihood of a day (or market) becoming a strong trend. As said before, there are only a handful of strong days a month (or only a few strong markets at any given time). Because of this, it is just as important to identify and...
Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:
Technical Analysis:
- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout
Fundamental Analysis:
- Gold price...
I have recently had a lot of success trading the weekend market gaps forming on a few major FX currency pairs so I thought I would show you another example and explain it in more detail.
Market gaps most commonly occur when price moves quicker than the market or, in the case of weekends, when the market is closed. Things happen in the market over the weekend so...
First Off
If you enjoy these weekly publications and would like to keep up-to-date with the latest and greatest scripts, share this article and follow me on TradingView.
No Turning Back Now
Last week the TradingView community made an effort to publish some high-quality, open-source studies and strategies for everyone to benefit from, which in turn...
Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our...
ORANGE ARROWS - SUPPORT
PURPLE ARROWS - RESISTANCE
Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p
As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance...
Hi!
This is just a quick study for my own curiosity.
It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable.
Some interesting observations:
Long-term average difference between real world closing and HA...
The short answer: DONT.
I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish...
I was thinking about this educational material for a long time and finally I have the chance to share it with you, all of you who want to improve your trading style, to be more profitable. This is specially for those who find it too difficult to trade and everything goes against them. I spent years to improve myself and become profitable, starting from the...
Hello My Soon to be wealthy friends!
I am going to be providing you a free educational course on technical analysis. Whilst your learning technical analysis to keep things exciting we are going to make money off our trades. I am going to teach you (for free) everything you need to know to ensure you can make educated decisions in the marketplace resulting in high...
Hello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the...
This graphical example shows how it is possible to make pips in the market every single day when you have a few powerful indicators which you tested over time.
On the BTCUSD there were 1500+ pips to be made in the last 3 weeks.
