Remember from Part 1, that boxes - identify momentum - is trend-following - is reactionary, and does not predict or anticipate a move. In addition to using boxes to identify support/resistance levels, we can use boxes to identify breakout levels. Breakout levels are identified when the price breaks from a previous day's low/high. If the price breaks from the...
Boxes are drawn on the chart of any timeframe, depending on the trader's preference. Typically, drawn on the - H1 timeframe identifies short-term, weekly trend and interim support & resistance levels - H4 timeframe identifies medium-term, monthly trend and key support & resistance levels - Daily timeframe identifies longer-term trend and major support &...
Hi everyone, This time I am analyzing NYSE:SE stock movement using volume profile besides my usual boxes setup. NYSE:SE stock price has shown very persistent up-trend strenght for the past year. When we have the equity soaring up like NYSE:SE does, it is helpful to use Volume Profile to see a bigger picture. I added three volume profiles for different...
Continuing my tutorials on boxes trading strategy. This time let's analyze NASDAQ:ABNB stock price movement. Taking all appropriate steps as described in my first lesson: 1. Identifying long-term trend channel. 2. Finding supply and demand zones. 3. Drawing a box inside which price is moving sideways. 4. Buying demand zone bounces. 5. Watching for...
I've been investing in NASDAQ:AMD since the last year. AMD is one of my biggest positions. For my long-term investgment portoflio I use fundamental analysis to evaluate stock buying opportunities. If I like the company I then use technical analysis to determine entries, exits and targets. Here is my technical setup on NASDAQ:AMD I use a combination of...
There are a lot of new followers, and even the old followers need to review of how to draw boxes. Practice makes perfect. Part one.
4.4.20 I see that more and more people are following my videos, and I appreciate your interest and hope to provide value. There are certain things you must do for you won't find value from this. You will have a lot of questions when you open up a chart and try to reproduce my range boxes. This is a good thing, and if you persist you will draw these boxes...
On any given time period, you can place a box from a wick and span it across the chart. No interference of a price level usually means that outstanding orders still exist. Thus, buyers or sellers may be present at that level again to fight opposite of the trend since they were just pushing from those levels before. It's a great gauge to understand how much price...