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Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Technical Analysis

Very good educational piece on using Inside Bars for swing trade entries.

 

 http://www.newtraderu.com/2017/02/06/candlestick-inside-bar-swing-trading/

 

swing1.PNG

 

 

Valued Contributor
Posts: 580
Registered: ‎24-07-2017

Re: Technical Analysis

A lot of people do not really understand swing trading. In simplistic terms someone who day trades would enter a position at the start of the day and close it by the end of the day. In swing trading a position can be open several days and even a couple of weeks. I personally follow a trend trading perspective. I see swing trading in terms of length of time a position is held as somewhere in between a day trader and a trend trader. It is suggested that large caps are most suited to swing trading. I thing swing traders look to maximise profits in a shorter timescale than say a trend trader and they will also minimise losses as will exit far quicker too.

 

I think it is important to establish what one is going to swing trade first and the methodology behind how to select the swing trades.

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Hi @TrendFollower,  are you sure swing trading is not just about catching the 'swing', no matter the time frame whether it be 1 hour or 1 month, or whether it be based on Elliott wave ABC, or even just 'buy the dip'. As an intraday trader I am always looking for swings, it is the rhythm of the auction.

 

There are only trend followers (as am I) or reversal (counter trend) traders who are looking at predefined levels for price to reverse at, but trend followers are by far the majority.

 

The interesting point of the blog was drawing attention to a potential price action signalling to a turn of swing and entry to join a continuation with trend.

 

The inside bars show indecision similar to a doji but the twin tails show a real attempt to drive to new direction, if that tight tight grouping of price action (in that particular situation) is overwhelmed (by bulls or bears) it is a good indication to the direction of next leg. 

 

I was happy to post it as I recognised it to have validity based on my own experience and is well worth to experimenting with by traders on all time frames. 

Valued Contributor
Posts: 580
Registered: ‎24-07-2017

Re: Technical Analysis

I am only basing my comments on what I have read. Generally speaking 'Swing Traders' would hold a position anywhere from two days to say a couple of weeks. It is rare that a 'Swing Trader' would hold a position for a month, several months or even a year. If there are then these would be in the minority and would be extreme examples.

 

I can understand as an intraday trader yourself why you would be looking for swings. But intraday traders do have time frames so it does matter.

 

You can even build a time frame strategy built into your trading plan!

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Fair enough, I think essentially we all trade the same way which ever time frame you choose. Investors buy and hold but traders buy and sell and so would aim to buy low and sell high, during a trend that means taking advantage of the down swings in order to ride the upswings but each time frame has it's own rhythm within the large scale swings that can be seen on a monthly chart. The time frame a trader uses depends very much on circumstance and preference.

 

Counter trend traders are also trying to buy low and sell high by using higher time frames to identify potential turn points that have been used in the past by institutional traders and where unfilled orders may still exist, a large clump of waiting orders on a price ladder is support or resistance.

 

For any new traders reading, this is an interesting piece on choosing which time frame suits best, 

 

https://www.tradeciety.com/best-timeframe-trading/

 

 

 

 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

New video explaining the 'outside candle' strategy with reference to the DXY which posted one on the daily chart on Friday.

 

https://www.youtube.com/watch?v=s0wMNak44PQ

 

out1.PNG 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Very good, in depth article on Bollinger Bands and how to incorporate them into a trading strategy from Rayner Teo.

 

https://www.tradingwithrayner.com/bollinger-bands-trading-strategy/

 

 

bband1.PNG

 

 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Two well written articles on how to use the RSI and Stochastic indicators. Recently updated by Tradeciety.

 

https://www.tradeciety.com/rsi-indicator-tips/

 

https://www.tradeciety.com/how-to-use-the-stochastic-indicator/

 

rsi1.PNGrsi2.PNG

Regular Contributor
Posts: 206
Registered: ‎22-02-2018

Re: Technical Analysis

What are people’s thoughts on technicals for ether? How would you attack it? Let’s say on the following timeframes

1 hour
4 hour
Daily
Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Firstly I would keep a sharp eye on btcusd, the correlation has been noted before on another thread and looking at the two charts side by side that correlation continues, looking at individual large bars btc still leads the way though the gap has narrowed.

 

The 4 hour is still below the 100 and 200 ordered ma's so the general outlook must be bearish, price is currently retesting a strong support/resistance level so watch for a possible turn around here.

 

The 1 hour shows price attempting to break up past resistance but still trapped below the 200 ma and also between two mini range blocks so has a lot of work to do yet if it's to continue up.

 

The general bias must remain bearish at least until a break above 616 but if btc turns down this looks sure to follow.

 

 

B&E1day.PNGETHUSD(£)H4.pngETHUSD(£)H1.png

Regular Contributor
Posts: 206
Registered: ‎22-02-2018

Re: Technical Analysis

I think you’re right. BTC continues to dominate.

From ETH perspective on the daily you have the 20 EMA moving through both the 50 and 100, and it’s honing in on the 200 real quick. The 50 is basically kissing the 100 as well right now. Not good.

However rsi is sat below 30, and MACD at -80.

On the 1H were about at the spike down back from Feb 6th, retested on 15 Mar so it would be good to break here and get back to the mid 600’s range.

If not I’d settle for the consolidation back in the 800 - 900 range Smiley Wink
Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Useful cut out and keep graphic showing 7 advanced chart patterns.

 

patt1.PNG

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Good trading tip mini vid from Joel Kruger, made a couple of weeks ago.

 

https://t.co/uEJaAQOw9I

 

tip2.PNG

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Well written round up of some popular indicators by Rayner Teo.

 

https://www.tradingwithrayner.com/the-best-forex-indicator/?utm_sq=fp1iot4wxy

 

tip3.PNG

 

 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

New video from Tradeciety released today is an overview of TA and pinpoints what you need to be looking for on the chart, what indicators can and can't do, the building blocks of patterns and much more. Well worth the 25 min spent.

 

https://www.youtube.com/watch?v=0lt_GkIs0fQ&lc=

 

 

New Contributor
Posts: 2
Registered: ‎21-02-2018

Re: Technical Analysis

What’s the swing trading stop losses and limits looks like ????
Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

10 price action trading tips to learn in 10 minutes by Rayner Teo, such as when to use dynamic support/resistance instead of static, when to use the 20 ma instead of the 200.

 

http://www.newtraderu.com/2016/05/10/10-price-action-trading-tips-can-learn-10-minutes/

 

rt1.PNG

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Good updated short video on using the stochastic indicator to time pullbacks, and to filter and trigger trades from Rayner Teo published today.

 

 

 

 

rt2.PNG

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

Very good detailed article on trading divergences.

 

http://www.newtraderu.com/2017/10/18/trade-divergences/

 

div1.PNG

 

 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

In depth look at candle stick patterns and how to incorporate them in trading.

 

Newly published yesterday by Rayner Teo;

 

 https://www.tradingwithrayner.com/candlestick-patterns/

 

rt3.PNG

 

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: Technical Analysis

Why are these people not making money from trading? Why are they selling education?The only money these people are making is from selling courses on their site.If they can't do it, how can new traders do it?

 

 

All these educators failed at trading themselves, due to trading mindsets.No point in trying to  hide the truth.

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

As usual you don't know what you are talking about, you just sit there guessing and projecting. Because you can't trade and have wasted your time chasing the grail has made you bitter and resentful, that's the real truth.

 

 

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: Technical Analysis

Hide the truth and sell education. I pity the poor suckers who go to charlatan educators.

 

You can't even answer that .The only book I recommend to traders  is"death of a snake oil salesman".It is must buy for new traders.

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: Technical Analysis

As I said before the real charlatans are the ones pumping those dodgy ea's and strategies .. er, like your ones actually.

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: Technical Analysis

How many rebate agencies have you got?These people pay good rebates.

Community Manager
Posts: 1,154
Registered: ‎20-09-2016

Re: Technical Analysis

Thread locked.

Off topic. 

Personal attacks once again.