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Interesting piece on divergence not least for the convoluted English translation.

Discusses relationship between divergence, buyer/seller, and overbought/oversold.

Includes an explanation of hidden and classic divergence and Class A, B and C divergence as well as rules for use and when not to use.

 

https://www.leaprate.com/experts/ruslan-saakov/divergence-convergence-description-types-methods-rules/

 

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ICYMI. Very good recent IG video with Ron Williams of RWA and Jeremy Naylor on technical analysis and market cycles.

 

Interesting bitcoin chart near the end.  20 min

 

 

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New comprehensive guide to how to use trendlines.  

https://www.tradeciety.com/how-to-use-trendlines/

 

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Amongst many other uses there is reference to the very interesting Thomas Bulkowski bump and run reversal pattern more on which can be found here;

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:bump_and_run_reversal_reversal

 

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New video on the Short Squeeze/Long Liquidation set up, how and why they work and how to play them.

 

 

 

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3 Technical Analysis studies here;

Steve Burns; 10 technical trading rules,

Rayner Teo; Different types of trends and have to play them.

Axia Futures; Execution on the price ladder.

 

http://www.newtraderu.com/2015/02/19/10-great-technical-trading-rules/

Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The longer I have traded, the more I have become an advocate of price action. Moving away from the perils of opinions and predictions has improved my mental well-being, and my bottom line.

 

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Good educational piece by Nial Fuller that looks first at chart structure and identifying key components then looks at candle patterns within those key areas to identify entries.

http://www.learntotradethemarket.com/forex-trading-strategies/price-action-technical-analysis-footprint-money

Price Action Technical Analysis Reveals the Footprint of Money

author thumb By Nial Fuller in Forex Trading Strategies Last updated on June 26th, 2018 | One Comment

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Yes, well written and presented and covers the main need to know patterns without labouring the point, very good. Published just last Friday.

I never would of thought to look to find it in IG analysis > news and analysis > trading opportunities? I wonder what else is in there, that section really needs an index.

 

 

 

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This video is doing the rounds again, published at the end of last year it looks at matching market cycle to strategy to indicators. Very good if you've not seen it before. 20 min.

 

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Useful and interesting video for new traders. 'The Ultimate Forex Trading Guide for Beginners'. Covers a lot quickly and in plain language from the very basics of what is FX and how it works though how brokers work and how trades work.

50 min. 

 

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Very good video explaining and demonstrating institutional buy side programs, what they look like on candle, profile and footprint charts and how to exploit them.

 

 

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Indeed @TrendFollower, the charts just show the foot prints of the institutional traders and our job is to follow close behind without getting run over. Nice insight into the AIM, thanks. 

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Hi @TrendFollower,  Marwood have been offering courses for some time and are perfectly legit, the price reduction thing usually occurs for a couple reasons namely they may be about to update and refresh the course, 'all new', and also there will be a lure at the end to try to get you to sign up for another one which some will do if they liked the content of the free taster. Udemy do it all the time, see  https://www.udemy.com/topic/stock-trading/

I am a Test and born on the 12th of June because of a glitch that occurred when we were transferred from the old Forum platform to this new one, I was a nothing for a long while so 'Test' feels like a promotion.

I think test must be a recent attempt to rectify the glitch. 

 

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When I added the link for the Udemy online courses site in the last post I didn't actually notice that they are currently having a 7 day black Friday sale event with many courses offered at a 75% price reduction.

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Lol @TrendFollower,  no I don't know him personally but have known of  him long enough to know he is actually a successful trader. If you look through the work you will appreciate it is well reasoned and rational.

In fact I know of most of the traders he gives a 'shout out' to that have lead to his development and success and so recognise many of the concepts within the study and have seen how those concepts have developed over many years with help from Michael Huddleston (I am ICT) through Tom Dante (Trader Dante) and Will Hunting (wmd4x) and finally onto CryptoCred.

Trader Dante I have followed since 2012 and posted many links to his work on this forum for years because I know it to be genuine good advice from an experienced trader. Actually earlier this year, for a laugh, he and Brian Watts entered the CME wheat traders competition (neither have ever traded wheat before) and Dante won it hands down.

If you are demanding to see CryptoCred's audited accounts like Oilfxpro use to do then no but I have enough experience to recognise the good from the bad and wouldn't have bothered posting it if it was anything other than genuine sound advice and real and tested concepts that every trader should be aware of.

 

 

 

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4 minutes ago, TrendFollower said:

From my experience and in my personal opinion those who are truly successful and profitable traders (the best)  would just go about quietly and make successful trade after trade and profit after profit. They waste little time trying to educate others or even stating their knowledge, experience, wisdom, etc. with others. They would not waste their time offering freebe material to all around. Very few of the truly great traders behave like that. I appreciate there may well be exceptions but is CryptoCred one of those?

That's not necessarily the case, often just the opposite in fact for a number of reasons. Firstly, right at the start Cred credits those he has learnt from and acknowledges that their contributions have aided his own development, it follows that some people just want to give something back.

Successful traders are not made or born but make themselves but even so cannot do it in isolation, everyone has had some help along the way. The best traders are employed by institutions and sit at a desk alongside other traders swapping info and ideas all day long. New traders at a institution's trading desk will get a mentor whether they want one or not.

Also there is a benefit to setting principles and concepts down on paper which helps to order it in your own mind and helps to make sense of it all. So in affect the work is for your own benefit firstly and once completed in a precise and condensed form is easily distributed if one wishes but that is secondary.

The scientific community takes a concept and alters it in some way to make it better with the expectation someone else will come along and improve it further still. Some of the concepts in Cred's study I first saw a decade ago in forum posts by ICT that have evolved and been improved by the other guys along the way. So in many respects Cred's study is a continuation rather than an isolated effort.

Ultimately though it may just be yet another study on trading and technical analysis but of the many hundreds I have browsed this one is well put together, obviously aimed at the beginner to intermediate level it's very informative and well worth the time taken to review it. As he states himself it would be unwise to try to incorporate all of it into one trading style but I doubt anyone can say they got nothing from it.

It is also important to note that Cred is happily giving this away for free. The concepts are rational and reasonable, I don't recall anything I completely rejected and it's very clear and concise  but of course remains very much take it or leave it.

 

 

 

 

 

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If you've watched those, now consider this chart, hopefully you can see what has happened

Capture es.PNG

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On ‎29‎/‎12‎/‎2018 at 14:50, elle said:

If you've watched those, now consider this chart, hopefully you can see what has happened

Capture es.PNG

 

Capture es.PNG

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    • ECB Leaves Rates Unchanged, EUR/USD Remains Weak and Tests 1.1700
    • Start the conversation The US election is scheduled for Tuesday 3 November 2020, when all 50 states and Washington DC will cast their votes. The vote spans six different time zones, so the first exit polls will be available at around 11pm (EST) when West Coast voting closes. In the UK, that will be around 4am (GMT) on Wednesday 4 November 2020. The election is likely to create opportunities for traders, with price movements expected across a range of forex pairs, indices and commodities in the run-up to polling day. Volatility related to the election could continue until congress certifies the result on Wednesday 6 January 2021, or even until the winner is inaugurated on Wednesday 20 January 2021. What should traders expect to see during the US election? All US markets tend to experience increased volatility in the run up to a presidential election, including USD forex pairs, indices and commodities. That’s because many investors will attempt to lock in positions before the result is announced – using polls to gauge public sentiment. The aim is to take full advantage of the price moves that occur when the country’s political direction is confirmed. At the top level, early indications suggest that the following could be on the cards if one of these two main candidates win: Donald Trump A Trump win could see an escalation of the trade war, potentially causing problems for some US exporters and having a negative impact on the value of the dollar. However, this effect could be offset by reassurances that tax cuts and deregulation will continue – boosting the US economy. Joe Biden A Biden win could see tensions in the trade war cool, providing a boost to US exporters and the dollar. However, these effects could be offset by tax increases for high-income households, and more limited deregulation.   How will markets react to the different candidates? Market commentary by IG Senior Market Analyst Joshua Mahony Stocks Markets hate uncertainty, and historically the perception has been that a new president might bring policies that could be harmful for stocks. This happened in 2016 when analysts were confident that a Trump presidency would spark a market collapse. But, we are now seeing that same fear creep in as people consider a Biden presidency and the potential uncertainty it could cause. Biden is openly more left-leaning, and his policies are expected to be geared towards human needs rather than those of investors and traders. This sentiment isn’t helped by suggestions that Biden would reverse Trump’s tax cuts, and it is likely that markets will rise alongside the potentially increased chance of a Trump victory as we approach the election. USD The value of a currency is supposed to reflect the health of an economy and its future prospects. Many are expecting Biden to be less focused on the markets than his Republican opponent, so the dollar could weaken in the event of a Biden victory. However, this effect could be offset if Biden is able to improve relations between the US and China after years of market anxiety. In this scenario, it would be the Chinese yuan which may benefit the most, with the trade war having sparked huge upside for USD/CNH. Keep in mind that if the wider markets fall on a Biden victory – including US stocks and indices – the dollar would likely rally in the short-term to reflect a risk-off move as investors turn to USD. Gold The prospect of a more expansive fiscal policy under Biden, and from a government which is happy to embark on substantial spending programmes, could provide a boost to precious metals. There’s a caveat here too, because in the past precious metals have also followed the same patterns as the stock markets during times of crisis. So, any collapse in equity markets that may come from a change at the White House could drag gold lower in the immediate period. Plus, while Trump has finally seen the kind of stimulus he would have hoped for, a Biden win could result in a more substantial stimulus package if the Democrats gain a foothold in Congress.   How are you trading?
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