Emphasizing the mid-long term reward outweighs the near-term risk here using statistics in confluence with wyckoff and corrective structure: Here is what I see, accumulation began early 2022 and attempted a spring in April, but NVAX just didn't have the near-term catalysts it needed to follow through with a sign of strength (especially in the general corrective...
My previous post stated a Long strategy on this same indicator. One must keep in mind this is a position for a long (1D candles) time-frame. The position here is on the hourly (1H candles) timeframe. With an optimized Strange Drift (SD) indicator configuration for the 1h (Sortino ratio > 3; Sharpe Ratio > 0.5), the position for this shorter timeframe will be...
Hi everyone I've been quite busy. Long story short I've let some of my experimental indicators run and this one in magenta, called "Strange Drift" (SD), has had quite good stats; for the 1D timeframe, current Sortino ratio is ~ 2.6 with a profit factor of 6.00 . The number of trades is quite low because I designed the indicator to pick up anomalies. Some of these...
I have found an anomaly on the daily Gold ( GC ) chart. $1600 is my expected level. However i am not going to trade it as it's very risky if we consider the momentum and the current conjuncture. $1600 is my expected target. Disclaimer: This is not a financial or investment advice... Trade safe, Atilla Yurtseven
13/11 Candle shows selling pressure overwhelming buying (No anomaly) 12/11 Candle shows increasing selling from previous day (No anomaly) 11/11 Candle shows selling pressure (No anomaly) 10/11 Doji with normal volume (Anomaly) 9/11 Gap up with wide candle body but normal volume (Anomaly) Pattern: Potential Bullish Pennant Global view: MSFT will continue its...
Hey tradomaniacs, quick an overview of S&P500 for you. This year, we consistenly "crashed" to buy @ 200MA and 61,8% Fibonacci-Retracement. Does the market want to buy-in before the saisonality beginns? #Christmas #Black Friday Or is it truely a reaction of the overheated market scared to see more rate hikes since almost 70% of investors are "ALL-IN" in...