trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable.
1. HETTY GREEN
the witch of wall street
also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates.
She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic.
2. VICTORIA WOODHALL
the first woman to run for presidency
born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients.
Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency.
3. ISABEL BENHAM
madam railroad
born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics.
after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad.
4. MURIEL SIEBERT
the first lady of finance
born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages.
through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement.
she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman.
by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term.
5. GERALDINE WEISS
grand dame of dividents
considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California.
with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname.
hope this inspires more women to be more active in the trading world.
Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult.
– Charlotte Whitton
put together by : Pako Phutietsile as currencynerd
Currencynerd
if you use technical analysis you owe a lot to these individualsTHE HISTORY AND ORIGIN OF TECHNICAL ANALYSIS
I am a firm believer that as investors/traders we need to know the historic and major events that have occurred in this magnificent field of ours that have shaped how it is today.
Today i want to shed light of knowledge on the history/origin of technical analysis as this is a widely used concept that is used by majority of traders/investors to analyse/predict future market moves through the evaluation of historic market data especially price, volume and implied volatility and many have made a living and good returns on the financial markets using the various technical analysis tools and concepts but not knowing where it all started.
many do believe that technical analysis was initiated by Charles Dow in the 1800s but this is not true as evidence of Technical Analysis dates far back as to the 17th century from basic and underdeveloped methods as compared to the more evolved ones used in Morden-day times.
Let's get straight into it:
17th CENTURY
-- 1. the Dutch east India Company traders
The Dutch East India Company which was formed in the Dutch Republic, Amsterdam in 1602 which is known to be the first publicly traded company, trading mainly in spices, Indigo and cotton, which gave way to the first financial market the Amsterdam Stock Exchange. Here is when the earliest forms of technical analysis came to show when the Dutch traders would graph record/keep track of the various price fluctuations of their stock but in a basic form.
2. José or Joseph Penso de la Vega
still in the 17th century a Spanish diamond merchant, philosopher and poet best known also as Joseph de la Vega, born 1650 in Spain also considered one of the earliest financial market expert published a marvellous financial read called "Confusion De Confusiones" which provided detailed awareness of how the Dutch financial market participants operated focusing on their illogical behaviour and price patterns they used further more hinting on technical analysis with his descriptions of technical analysis concepts such as puts, calls and pools which are still relevant in Morden-day technical analysis and how he used these in the Amsterdam Stock Exchange.
18th CENTURY
Homma Munehisa
Homma Munehisa, born 1724 in Sakata, Japan a Japanese rice merchant trading in Dōjima Rice Exchange developed what i consider the most popular form of technical analysis which proved high standards of acceptance as traders/investors world-wide still use it in modern-day times, he initiated the Japanese Candlestick/ K-Line (primarily known as Sakata Charts), which is a price chart that's represents the open, close, high and low prices of a security for a specific time period which was introduced in his book "THE FOUNTAIN OF GOLD- THE THREE MONKEY RECORD OF MONEY" which also shared insights about chart patterns, markets trends and traders human emotions.
LATE 19TH AND EARLY 20TH CENTURY
Charles Henry Dow
considered father of technical analysis born 1851 Charles Dow is the one that first to induct modern-day technical analysis in the United States Of America, he was an American journalist who co-founded Dow Jones and Company which is a publishing firm along ide Edward Davis Jones and Charles Bergstresser. He also co-founded The Wall Street Journal which its first publication was on July 8, 1889 which became the the most reputed financial publication and first of it's kind which was a series of texts that discussed his observations of the U.S stock market especially the industrial and transportation stocks listed in the U.S stock market this gave way to the Dow Jones Industrial Average and Dow Jones Transportation Average, he also held a strong believe that "the stock market as a whole was a reliable measure of overall business conditions within the economy"
he also developed the Dow Jones Theory which states that the market has 3 trend phases which was a significant breakthrough in technical analysis as this theory aids traders/investors in identifying the major, intermediate and minor trends in the market.
after his passing many other technical analysis developers came from studying his work/publications which include the likes of William Hamilton who later become the editor of the wall street journal, others notable followers of his work include Robert Rhea, George Shaefer and Richard Russel.
another prominent figure in the development of modern-day technical analysis is
Ralph Nelson Elliot
born 1871 whose financial career started as an accountant, Mr. Elliot was famously known for studying 75 years of historical stock market data and recording his research and findings manually as computerized systems where limited which i believe is very outstanding.
his work is based on a theory that market movements are not random and that the markets moves in specific trends and patterns (waves) which are influenced by traders/investors psychology.
his wave theory gained traction in March 13, 1935 when he stated that the the market will make a bottom and indeed the following trading day the Dow Jones Industrial Average made it's lowest closing price, which proved his Elliot Wave Theory to be a significant technical anaysis concept.
20th CENTURY
Technical Indicators
with the aid of computerized systems technical analysis evolved into technical indicators which are computer systems backed by mathematical calculations of price data which apply these calculations to analyse large volumes of market data incorporated by algorithms which overlap on charts to forecast future price movements.
hope you have a fun read and learned something new.
“In learning you will teach, and in teaching you will learn.”
Phil Collins
put together by Pako Phutietsile as @currencynerd
BTC to run out by year 2140, who is the biggest whale?bitcoin whales are individuals or entities that hold/own the most amount of the digital XAU, to achieve this financial status one has to own at least 1000 BTC, with the coin's supply being infinite to 21 million (also known as HARD CAP), meaning that only 21 million bitcoins can ever be created. it's important to know who the big players are in the market also to keep track of the left supply.
one of the important reasons i think why the supply was capped at 21 million was to ensure no risk of inflation even though the Bitcoin creator 'SATOSHI NAKAMOTO' disclosed once that him capping it at 21 million was just an "educated guess"
in order to control supply, there is what is called Bitcoin halving which is the process by which the reward for mining BTC by half hence the term halving. the first ever halving was November 28, 2012 this was the start of a historic run of BTC as a deflationary asset and the most recent was this year APRIL 19, with the reward for mining a single block cut from 6.25 BTC to 3.125 BTC. this event happens when 210,000 are added to the blockchain.
this also reduces the rate at which new coins are created maintaining scarcity which results in an increase in value.
with all that said, WH0 OWNS THE MOST BITCOIN?
top 5 public cooperation's that hold most Bitcoin
* MICROSTRATEGY - U.S company - holds 214,400 est. Value - $13.5B
* MARATHON DIGITAL - U.S company - hold 17,631 est. Value - $1.1B
* TESLA - U.S company - holds 9,720 est. Value - $600M
* HUT 8 - CANADA company - holds 9,109 est. Value - $574.1M
* COINBASE - U.S company - holds 9,000 est. Value - $567.2M
top 5 countries that hold most Bitcoin
* USA - holds 207,189 est. Value - GETTEX:13B
* CHINA - holds 194,000 est. Value - $12.2B
* UK - holds 61,000 est. Value - $3.8B
* GERMANY - holds 50,000 est. Value - $3.1B
* UKRAIN - holds 46,351 est. Value - $2.9B
top 5 private companies that hold most Bitcoin
* Mt. Gox - holds 200,000 est. Value - $12.6B
* Block.one - holds 140,000 est. Value - $8.8B
* Tether holdings - holds 75,354 est. Value - $4.7B
* Xapo Bank - holds 38,931 est. Value - $2.4B
* BitMEX - holds 36,794 est. Value - $2.3B
then there are other investors that are involved in the BITCOIN market without directly purchasing it but through bitcoin related assets. these are :
*Grayscale Bitcoin Trust
holds 291,802 est. Value - $18.3B
*iShares Bitcoin Trust
holds 274,322 est. Value - $17.2B
*Fidelity Wise Origin Bitcoin Fund
holds 152,880 est. Value - $9.6B
*CoinShares/XBT Provider
holds 48,466 est. Value SEED_TVCODER77_ETHBTCDATA:3B
*ARK 21Shares Bitcoin ETF
holds 43,470 est Value - $2.7B
top individuals that hold the most BTC.
*SATOSHI NAKAMOTO
1.1MILLION BTC
*THE WINKLEVOSS TWINS
70,000 BTC
*TIM DRAPER
29,500 BTC
*MICHAEL SAYLOR
17,732 BTC
researched and put together by : Pako Phutietsile as @currencynerd
A Long "short"i analyzed this a while back and completely forgot about.
but
when i opened the price chart i noticed that price is reacting off significant market price structures.
basically,
on the Monthly price chart...
price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev. demand Continuous Proximal PRICE of 0.90600.
and price on smaller timeframes is trading below parallel bullish price channel but i am waiting specifically for the 4HR candlestick to form a full OCHL below the channel to indicate changing market momentum to bearish.
with targets
@ previous swing valley around price areas of 0.89400 and 0.89000!
always remember, the market never forgets significant price areas.. used up/not.
put together by : Pako Phutietsile as @currencynerd
Fib Retracement - better/important than most believeFibonacci.
introduced by Italian mathematician "father of the Fibonacci sequence" Leonardo Da Pasa (born around A.D. 1170) in 1202 in his book Liber Abaci "book of calculations" which he handwrote as the printing was not yet invented, which also became the first book to be introduced to the Hindu-Arabic numeral system as it was a new way to write numbers and do calculations.
Fibonacci in trading.
the most important/popular fib tool in the trading/investing community is the Fibonacci Retracement applied from the Fibonacci sequence which is a set of steadily increasing numbers where each number is the sum of the preceding 2 numbers.
Fibonacci retracement, is derived based on high and low price/ valley and peak in supply and demand terms.
The most important Fibonacci ratios/percentage of the retracement measure is - 23.6%, 38.2%, 50%, 61.8%, 100%, with the ratio/percentage being represented by horizontal lines on the price chart.
calculated by :
in bull market, high price - (high price-low price) x percentage
in bear market, low price + (high price-low price) x percentage
Significance of Fib Retracement.
these are very important too traders as the indicate significant price levels/areas like :
- support and resistance
- liquidity pool - using rectangle drawing tool to connect two fib retracement levels together as a zone not a singular ratio level. based on current market conditions and trading criteria.
- price targets, exit price (Take Profit)
- Stop Loss
- stop and limit orders (set and forget for supply and demand traders)
Fibonacci retracement also compliments other trading tool and indicators well and can be used by all sorts of traders, from position traders to scalpers. it works best on trending market conditions to identify reversals, corrections, pullbacks continuation moves.
important note :
- Leonardo did not invent Fibonacci, it was actually used and known to Indian mathematicians since the 6th century.
- the 50% is not really a Fibonacci number instead is taken from Dow theory that assets usually retrace half their prior move.
put together by : Pako Phutietsile as @currencynerd
Top Trading BooksLiterature is one of the best ways to share and spread knowledge and information around the world, here are my top picks of the most informative, knowledge packed trading books that can help improve and transform your trading approach for the better.
1. Market Wizards - by Jack Schwager, 1989.
this consists of a series of interviews from a couple of the world's renowned traders including Paul Tudor James, Bruce Kovner, Richard Dennis and several others as they share tips and insights on what makes them the best from the rest. It reveals to traders/investors some of the traits it takes to become a successful trader.
"the elements of good trading are (i) cutting losses, (ii) cutting losses, (iii) cutting losses.
2. Trading In The Zone : master the markets with confidence, discipline and a winning attitude - by Mark Douglas, 2000.
this is mostly a trading psychology book that explores the significance of the right mindset when pursuing trading success as well as ways to maintain and gain emotional intelligence in the fast-paced trading environment and how emotional control is an essential part in any trading plan.
"do not let past loses influence your future"
3. Reminiscence Of A Stock Operator - by Edwin Lefèvre, 1923.
published almost 100 years ago, inspired by the life of stock trader Jesse Livermore. This book highlights tons of experience he gained in the stock market from the failures to success that even present day traders face.
"there is nothing like losing all you have in the world for teaching you what not to do, and when you know what not to do in order not to lose money, you begin to learn what to do in order to win"
4. Technical Analysis Of The Financial Markets : a comprehensive guide to trading methods and applications - by John Murphy, 1999.
given the name "the bible of technical analysis" updated from his landmark best seller "technical analysis of the future markets" if you want to learn how to track market behavior this is the book for you. if also offers from basic trading concepts to advanced trading concepts covering also different technical indicators and over 400 chart illustrating different market techniques. after reading i am sure you will be able to create a trading system that fits oneself.
"it should be stressed here again, however that basic trend analysis is still the overriding consideration"
5. One Up On Wall Street - by Peter Lynch, John Rothchild, 1989.
this book focuses more on the importance of research, study and analysis to go from beginner to expert trader as well as the different investment opportunities in our everyday life's that expert investors are not even aware of. Most importantly the effective investment techniques, strategies and guidelines that aided Peter to become one of the best fund mangers of all time.
"the trick is not to learn to trust your gut feeling, but rather to discipline yourself to ignore them"
6. When Genius Failed - by Roger Lowenstein, 2000.
this book tells the story of the rise and fall of one of the most impressive hedge funds Long-Term Capital Management which has more than $120 Billion under management before its downfall in 1998. The book is written in 2 sections, the first focuses on the 'genius' business model of the hedge fund that delivered more than 40% between 1994 and 1998 and the second segment explores the firm's downfall.
"investors long for steady waters, but paradoxically the opportunities are richest when the markets turn turbulent"
but together by : Pako Phutietsile ( @currencynerd )
new year, new trader Happy new year to all @TradingView users
A new year is often regarded as new and fresh beginning, the start of something new, i hope this is the year we excel and reach the kind of success and profitability we all long for and if you have reached it i hope to get the wisdom to maintain and improve on it.
here are some things to leave behind in 2023 that can help on your trading journey to being a successful trader:
-Fear of being stopped out or fear of taking a loss
- Getting out of trades too early
- Adding on to a losing position
- Wishing and hoping instead of having a sound approach to the markets
- Not trusting your trading system
- keep a trading journal
-overtrading ( random trades)
and here are the things you should consider doing to improve your trading in 2024:
-Educate Yourself
-Create a comprehensive trading plan
-Practice with a Demo Account
-Start Small: When transitioning to live trading
-Use Proper Risk Management always
-Stay disciplined
-learn from past mistakes
i hope this information helps you a lot. To a whole lot more trading knowledge sharing.
put together by : Pako Phutiestile ( @currencynerd )
swing traders are going to love this!the trade bias on this idea is strictly based on technical analysis.
going straight to the monthly price chart liquidity pool ranging from 28.08800 to 26.39800 has been the current significant price area in control of price since a rejection from the area in 01 march 2022.
price has been also showing signs of bearish rejection from price levels @ 25.40550 failing multiple times to close above, price continues to indicate increasing bearish momentum with bearish trendline (acting as dynamic support & resistance) still intact with no full OHLC candlestick closing above and MONTHLY candlestick currently trading below bullish trendline which closes in 28days a close above is extra confirmation for a continued move to the downside.
i have targets at previous high @ 19.6500 with just below it resting fresh demand zone, but the next bearish price of interest is liquidity pool ranging from 22.00100 to 22.25650 if we clear it then all aboard the TP cruise ship.
put together by : Pako Phutietsile ( @currencynerd )
SUPPLY AND DEMAND RULES ALL MARKETS
5 biggest gains in Nasdaq 20232023 has been a thrilling year in the financial markets with fears of a recession with rising inflation and continued interest rates hikes, WHAT A YEAR! but even with the trials and tribulations many investors have faced sailing the deep seas on the financial markets here are the top 5 biggest one-year percentage gains on the NASDAQ Exchange 2023 :
1. Jin Medical International (ZJYL) - Medical sector, surgical appliances and supplies industry.
this Changzhou, China based cooperation provides manufacturing of wheelchairs and other health-aid products for disabled and elderly people worldwide, with gains of +389.2%
2. NextPlay Technologies (NXTP) - Consumer Discretionary sector, Business services industry.
this company operates in 3 segments : media, travel and FinTech providing games, in-game advertising, digital asset products and booking services to residents of U.S, Puerto Rico, Europe and Thailand but is based in Sunrise, Florida, with gains of +152.8%
3. Invivyd (IVVD) - Medical sector, Biological products industry.
this company delivers antibody-based therapies that protect vulnerable people from viral infectious diseases starting with SARS-CoV-2. headquartered in Waltham, Massachusetts. it has gained +138.0% for year 2023.
4. Compugen (CGEN) - Medical sector, Biological products industry.
it is a clinical-stage therapeutic discovery company with product testers in Israel, U.S and Europe and it's headquarters in Holon, Israel with one-year percentage gains of +122.4%
5. Sphere 3D (ANY) - Computer and technology sector, Software-Application industry.
this is a carbon neutral bitcoin mining company with enterprise data-services experience.
it is based in Greenwich, Connecticut with gains of +106.0%
merry Christmas to all investors and traders on @TradingView . it's all love, this is @currencynerd signing out for the year. to more and more knowledge sharing in 2024.
the Gopher swimming in significant liquidity pool since 17 November the Gopher has been trading in a parallel bearish channel failing to trade/close above and above it, with the top and bottom trendline of the channel acting also as dynamic support and resistance.
price has found itself in weekly liquidity pool made of significant levels - (i) weekly supply of proximal price of 146.700 now acting as demand on smaller timeframes (ii) weekly demand CP of proximal price of 146.400.
i forecast higher USDJPY prices because price has found support on the bottom trendline of channel and is reacting to liquidity pool with the bottom price of the liquidity pool being demand level which is currently the significant level in control of price.
i have bullish targets to 4HR previous demand of proximal price @ 148.900.
put together by : Pako Phutietsile ( @currencynerd )
REST IN PEACE to one of the greatest financial mindsCharlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology.
He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion.
He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain.
some of his best qoutes are :
-the best way to get what you want is to deserve what you want.
-all intelligent investing is value investing
-the world is not driven by greed but by envy.
the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification.
what have you learned from Charlie Munger yourself?
put together by : Pako Phutietsile ( @currencynerd )
aussie forecast. on the daily chart price has been on a steady rally breaking previous bearish structure where i witness resistance levels now acting as support.
this upside movement is due to price finding demand around the 0.63700 to 0.62800 price areas with the most impactful price being demand at proximal price 0.63500 which is currently in control of price.
this increase in bull momentum resulted in price breaking and trading above liquidity pool ranging from 0.65300 to 0.65200, price retested this important market structure failing to close below it, with extra bullish confirmation of price breaking also and trading above dynamic resistance trendline forming several OHLO candlesticks indicating increasing bullish momentum and strong demand dominance in price.
i have a long bias on the currency pair all the way to next above crucial price level which is supply CP(imbalance continuation pattern) of proximal price 0.66300.
put together by : Pako Phutietsile ( @currencynerd )
indicators used to measure main factors surrounding pricethere are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed.
these are : momentum, trend, volume and volatility.
in this idea I will be explaining these price forces and the different types of indicators/tools used to measure them.
1. MOMENTUM -
this is the strength /intensity behind price movement or simply the speed at which price is changing. this helps traders/investors capitalize on market volatility. this is a very important price factor for breakout traders.
types of momentum indicators :
- THE RELATIVE STRENGTH INDEX, this indicator is used it bear and bull markets by measuring recent price changes with levels from 0-100. levels below 30 indicate oversold market conditions indicating bullish strength, and levels above 70 signal overbought market conditions indicating sell bias and 50 is a balance between the two.
- AVERAGE DIRECTIONAL INDEX, this unlike other momentum indicators measures the strength of current market direction rather than determining whether the market strength is bullish/bearish. it is measured between 0 to 100 with level below 25 indicating weak trend, 25-50 strong trend, 50-75 very strong, 75-100 very strong trend.
other momentum indicators include - stochastic oscillator, MACD, commodity channel index
2.TREND -
this is the overall direction of an asset price, either up, down and sideways.
types of trend indicators
-moving average, this is the average closing price of an asset over a certain period of time, when price is trading above the moving average price is said to be in an uptrend and if trend is trading below it is in a downtrend.
-trendline, this is a price line that is formed by connecting price highs and lows, if price is forms a full OHLC candlestick above bearish trendline connecting lower lows and lower highs it indicated change in trend from bearish to bullish and vice-versa.
3. VOLATILITY -
this is the the degree of variation in relation to an average price level or rate at how price fluctuates. it provides market opportunities as the more price changes the more investors/traders can capitalize on these price changes.
types of volatility indicators
-average true range, this indicator measure volatility over a certain period of time by moving up and down based on significant noticeable price changes calculated by subtracting previous close from current high, previous close from current low and current low from current high. do this continuously to get average of true ranges.
-bollinger bands- this consists of 3 lines, a simple moving average , upper band and lower band. when the market becomes more volatile the bands widens and low levels of volatility the bands loosen or contract.
other volatility indicators include : relative volatility index, average directional movement index.
4.VOLUME -
this is the number of contracts exchanged or trades for a certain asset in a period of time, this can help traders/investors determine strength and direction of trend.
types of volume indicators
-MONEY FLOW INDEX, this indicator measures the flow/direction of money in and out of a particular asset class over a specified period of time. positive money flow is the total of positive numbers , if today's price is greater than yesterday's price it indicates positive money flow and vice versa, this is to measure volume of rising and falling periods.
-ON BALANCE VOLUME, this measures bearish and bullish pressure by adding volume of bull days and subtracting volume of bearish days it can be calculated in a simple formula : if today's closing price is higher than yesterday's closing price it goes like, Current OBV = PREVIOUS DAY + today's volume and subtract today's volume if today's closing price is lower than yesterdays' price.
hope this information helps/improves your trading/investing.
put together by Pako Phutietsile ( @currencynerd )
crazy technical indicators you never knew existedtechnical indicators are mathematical patterns and formula that are calculated from past market price and data to predict future market movement, as the trading /investment community continues to grow there are a lot of trading indicators and tools that traders use, invent and discover, but here are some of the weird, uncommon and unconventional technical indicators used by traders/investors of different market kinds :
1. THE CARDBOARD BOX INDICATOR
this indicator is used to forecast consumer goods production as the more output of cardboard boxes the more the economy is indicating growth because practically everything packaged and packed comes in boxes, this also shows factories and companies are operating and producing goods at a larger scale and upward economic activity. this indicator was famously used by the 13th chairman of the Federal Reserve, Alan Greenspan.
2. THE LIPSTICK INDICATOR -
this indicator is due to a theory that there is a direct correlation between cosmetic sales and economic strength, that when in uncertain times when the market is in a bear phase women tend to buy cosmetic items and ditch expensive wear and luxury items like fur coats, dresses and purses. this was realized by Leonard Lauder because in times of recessions consumer spending drops but his cosmetic sales increased.
3. THE SUPERBOWL INDICATOR -
this indicator forecasts the stock market performance based on who wins the super bowl (super bowl is the annual league championship game of the National Football League in America). when the NFC (National Football Conference) wins, the following year the market goes up and if the AFC (American Football Conference) wins, the following year there is going to be a decline in the market.
4. MOON PHASE INDICATOR -
this indicator is a result of the belief that lunar cycles can impact markets and even traders/investors due to their gravitational implications on them. it is believed that a new moon represents prosperity and stocks and financial assets perform better during this time.
please do comment on the weird, crazy technical indicators you have come across on your trading journey.
put together by : Pako Phutietsile ( @currencynerd )
the science behind timeframes + correct timeframe sequencingtimeframes are the unit of time in which trading activity/session takes place.
timeframes are an essential tool to traders/investors because there is a direct association between the right trading style and timeframe of choice for each individual trader depending on what works or does not for them.
timeframes are often structured in forms of minutes, hours, days, weeks and months and in some cases seconds.
there are 4 main trading style : scalping, day trading, swing/position trading, this might not be the topic of discussion but like i earlier mentioned there is a mutual correlation between trading style and timeframe.
1.SCALPERS(scalping ) - these type of traders capitalize of small market movements by buying/selling in large volumes, holding those positions for a short period on time. the ideal timeframes for scalpers is 1minute to 15minutes.
2.INTRA DAY - these traders have a short-term approach to the market, buying/selling financial assets not more than 24hours/within a full trading day. their ideal timeframes are 4 hours down to 15 minutes timeframes.
3.SWING/POSITION - these traders capitalize on long-term price movements and macro trends holding positions from a couple days to a few months. their ideal timeframe range from 4hours to monthly timeframe
it also important to note that the timeframe a traders depends on how efficiently they work and other factors like, patience levels, discipline, risk management strategy and lifestyle.
MULTIPLE TIMEFRAME ANALYSIS
most traders use this science behind timeframes also called "top-down analysis" to gain a broad understanding when studying price charts.
this involves using several different time periods at the same time to form a bias when analyzing charts. similar to taking a big complex task and cutting it into smaller simpler activities still without losing sight of the bigger task.
large timeframe(complex) -> small timeframe(simple) = trade bias.
to use multiple timeframe analysis you need 3 different timeframes with the next timeframe being 4/3 times smaller than the one before it.
the first timeframe is the trend timeframe is used to identify the long term trend, the second timeframe is used to identify significant price levels, identify market structure, chart patterns and the last timeframe is the entry timeframe
scalping sequence = 15MINUTE -> 5MINUTE -> 1MINUTE
intraday sequence = 4HRS -> 1HRS -> 15MINUTE
swing/position sequence = 4HRS -> DAILY -> WEEKLY + MONTHLY.
i hope this information helps/improves your trading in a positive way.
put together by Pako Phutietsile ( @currencynerd )
black gold under bearish pressure + OPEC, weak global demandthe oil markets find themselves in a bearish chokehold with a number of factors weighing down on it such as the OPEC ( Organization Of Petroleum Exporting Countries) are expected to meet later this month on the 26 November 2023, there is a strong sentiment that they are expected to continue to cut production and distribution due to weak global demand.
technically i find that supply of proximal price @ 78.20 is in control of price and price is struggling to gain bullish momentum to keep trading above price of interest (support and resistance) @ 77.20
i have overall targets to liquidity areas @ 75.00
put together by Pako Phutietsile ( @currencynerd )
clear 130.000 price areas for flight 'ninja' landingprice is in a bearish parallel channel and is failling to trade above 140.000 price areas.
i have short targets to daily demand of proximal price @ 137.300
put together by : @currencynerd , pako phutietsile
supply and demand!
dollar index lift-off to nov 22 price areasdemand level of proximal price @ 101.500 is in control of price , targets levels at nov 22 price areas at supply level of proximal price @ 112.000
supply and demand in combination with price action!
put together by : pako phutietsile, @currencynerd
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable)
economic outlook :
on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar.
more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable.
technicals :
price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500.
bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500.
i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000
supply and demand
FX:GBPJPY
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
follow the little black man to new gold highsxauusd , gold spot / u.s. dollar
2023 ... will gold reach new highs ?
the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000.
market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i anticipate that this bearish run to continue lower to liquidity pool ranging from @ 1779.400 to 1766.700 and find some support on trendline acting as dynamic s/r level .
my overall bias for the year is bullish for the precious metal with the right catalyst and fuel (fundamental) and momentum price can reach new highs trading above current ath @ 2075.282 (as of OANDA price feed)
it is still early days of the year and a lot can happen as there are plenty opportunities around, lets keep a close eye on the market and be ready for such opportunities!
supply and demand
never say never, because limits, like fears, are often just an illusion.
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
+180pips up for grabseurusd
euro / u.s dollar
price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price.
price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600.
price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish.
i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600
SUPPLY AND DEMAND
put together by : Pako Phutietsile, Tumelo Mokgosi as @alentrah
presented by : @currencynerd
courtesy of : @TradingView
Believe in yourself! ...
