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SPY - MAGIC SUPPORT/RESISTANCE level - Market will STOP thereHello traders, after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels. Many traders draw LINES and they think the market will bounce exactly from that level. The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity. Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not. The example is explained in the AMEX:SPY market, which is very well known but you can use this logic in any market. Have good trading. FINEIGHT team
AMEX:SPYEducation
by Fineight
4
Double MA ChannelsSimple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement First Channel: 70, High 70, Low 70, Close Second Channel: 144, High 144, Low 144, Close Momentum: 34 ADX: 14, 20 To use this strategy please refer to link related to previous post. The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.
Education
by RagingSniper
MAN AND MONEY vs VIRUS! WHO WILL WIN?The picture of the 2019-nCOV is rapidly evolving. Globally there have been >14,000 cases and >305 deaths. The trajectory of spread of this virus has exceeded SARS (2003). In under 20 days there are 14,544 cases. There were less than 20 cases in the same period for SARS. SARS plateaued off at 8,500 cases after 100 days then fell off. What we're seeing in hard evidence is that nCOV is going rapidly exponential - almost doubling in 20 days what SARS reached in 100 days. 8 countries have effectively quarantined China in various ways. AND NOW - China has told everybody to calm down, that it will maintain financial stability and pump their market with USD$173 Billion from Monday 3rd February 2020. The FED and Australia are considering similar moves. The global economic disruption in what was a 'risk-off' situation, is gonna be serious and probably last well over a year. This doesn't mean that the markets will tank over the next year. It means expect bearish pressure. Think also about an 'endpoint'. How will anybody know when it is safe to open borders, trade and travel in China? If the VIX gets above 53 there is serious trouble! Declarations & Disclaimers: For the avoidance of doubt, this post is only about potential impact of a virus in financial contexts. I take no comfort at all in people suffering and dying. Whilst I am sorry about the human consequences, I deal with the markets as an instrument - like any other. It is not illegal or immoral to exploit the movement of any market for any cause. As usual this is not trading advice. If you lose your money, kindly sue yourself.
SP:SPXEducation
by Captain_Walker
BURL, Burlington Stores Inc. - Stop Loss on Broadening TriangleNYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could call ourselves "Price Change Traders". In this case the price had triggered our Stop Loss. Stay Tuned!
NYSE:BURLEducation
by SwissTradingSchool
1
How to trade in range/consolidation periodA lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if it is Monthly, Weekly, Daily or minute chart. As you can see here, price very nicely reacts to each of our levels which we have set up once the range has been established. Also, when the price is stuck in consolidation range you do not want to trade it. Avoid it. You will make many mistakes, rather you should focus on a clear bullish/bearish trend.
NYSE:TEducation
by UnknownUnicorn6034472
1
Eur/Cad breakout educationalTrading breakouts is not only fun and exiting(whether or not it goes your way) but its a great test to keep yourself engaged and focused on the market, as well as the task at hand which is seeking out retests and confirmations for your next breakout play. In this example we can see this pair with gained strength, since picking up momentum from its move up from the 50% region of the range that it was in and has now crossed above range high. Looks great except for the fact that price has yet to react with the resistance level we had broke on the way up. Without proof or confirmation that the level will turn support it would be reckless to place a trade Confirmation is KEY If you fail to plan you plan to fail, never trade without a map to success. Hope this helps somebody out there and please feed back is greatly encouraged.
Education
by MCERs
Traps and Liquidity Searches Using Supply And DemandQuestion during my cooking show live stream was how do i determine a trap or a fake out? First of all i think everyone that trades a different methodology determines a fake out in their own way depending on their methodology the retail traders trades. Using the Supply demand methodology i explain how i determine traps. When i pull up a chart and i see an area that most trading methodologies are looking to buy or sell at. i.g., support resistance traders, supply demand traders, breakout traders, range based traders, fake breakout traders and many more different methodologies are looking to buy or sell in a certain area it's a trap. If im going to play the trap i need there to be a supply or demand zone above or below the area where the other retail traders are looking to buy and sell at.
Education
by MoneyballAustin
Bitcoin : key levels and significant resistance trend line.Hello fellas, Happy monday and have a good weeks ahead. a new week, new passion and I hope a new extra profit for us! let's talk about the key levels for bitcoin which will cover the support , resistance and the correlation with the fibonacci levels. As you can see, that the weekly candle is about to close in less than 2 hours when I made this post and the newest weekly candle close isn't significant at all for me. currently the weekly candle is forming an unknown pattern making it very random and neutral. That's why, I am not trying to explain my bias in this post. I just want to share about the analysis of price action and key levels that I've found interesting If you see my chart, I've shared 2 colored region which the grey region represent the key support and the blue region represent the key resistances. Each of this key levels here is moving align with the fibonacci levels. and I want you to highlight the period after November 5th, 2018. First action is at May 13th, 2019 the price has already broken up of the resistance zone and on June 3th 2019 the resistance zone retested and produced a bounce before another break out. Second significant action is at June 24th, 2019 candle. A really nasty wick has occured after the price tried to breaks the 50% fibonacci retracement and ended up getting rejected. After that the price was trying to break out of this 50% fibonacci levels again and always got a rejection toward the upside and it formed a shooting star candle. and for me, this action is very significant and has proven this region as a heavy region. Another highlighted thing that I want to share is the green line. after a break out at April 2019 (yellow sign) I haven't seen any retest toward this previous resistance that is now become support as well (remember my 3 phase break out strategy). Ideally, before the end of the year, I really wish that bitcoin will test this green line again as support. Thank you.
BITFINEX:BTCUSDEducation
by julio24albert
How to avoid Fakeouts and find breakouts for noobs You have to set support and resistance lines. those are easy to see levels of indecision. Then find the average price, this is used to signal the end of the channel when the price action finds it as resistance . If the price goes above the average price it will most likely going up and below, going down. set you buy limit slightly above the top of the channel because if its a fake out you'll buy when you target is hit then it'll drop down but if it is a real break out it'll keep going and then hit your target. When to sell is completely up to you. But I would sell before hitting the next level of resistance and getting stomped down. **If it goes down from the support line just stay away until it bottoms out and then restart this process.
BITFINEX:LTCUSDEducation
by UnknownUnicorn5174798
2
NSC, Norfolk Southern Corp. - Trend Analysis & PatternsNYSE:NSC Why do I choose technical analysis for trading? Because the psychological state of traders / investors is always a representation on a scale between greed and fear, which creates in all markets patterns that repeat themselves for more than a hundred years, and if you are aware of their % profitability, and the difference between the amount of profit compared to the amount of loss, you would know statistically how your account would behave. And if you would know how to manage your capital in terms of recapitalization and allocation, then I see no reason not to operate in this way. This is also confirmed by my results with respect to the theory. The % of annual profits, maximum drawdowns and periods of underwater that are extremely aligned with the results of my backtest made right on this type of trading.
NYSE:NSCEducation
by SwissTradingSchool
AEP, American Electric Power Co. Inc. - Rectangle PatternNYSE:AEP People like to use indicators or oscillators many times to predict the next trend. Actually they can help you, but they will always be late. And above all, what do you do if they are in contrast with each other? Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets? We go ahead on our technical analysis, aware of what makes us through backtest statistics and confirmed in real operation for years now aware of the deviation that may have on the annual average. In this case we are waiting for a long breakout of this rectangle if it happens, knowing what is the Risk/Reward, the %Profitability, the size of the position aware of the entry and exit point and risk management. Stay Tuned! finance.yahoo.com
AEducation
by SwissTradingSchool