We have different momentum indicators: MACD, RSI, Stochastics Role of thumb: A new high in momentum ▶ expect a high in price A new low in momentum ▶ expect a low in price Diversion: new higher high in price but lower high in indicator ▶ expect a strong retrace in price Momentum Indicator
A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0. This indicator can be used to measure the strength or weakness and direction of the […]
The Intraday Momentum Index (IMI) combines candlestick analysis with the RSI.It takes into account the open and close price over the course of the day.Technical analysts can use the IMI to find overbought or oversold conditions.Please consider the following:✔There will be more false signals in volatile markets and market collapse.✔Use SLs✔This is good to add […]
Highest high value is the highest value of the market during the selected period. Highest High Value = Maximum (High) of n−periods Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from […]
Recognise the volatile market. Figure out the trend direction. Open your new positions. HML indicator simply plots the difference between high and low. High readings mean we are in a trendy market. Low readings mean we are moving sideways in a range. My strategy: ✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator) ✔High reading […]
The Donchian channel is a trend-following indicator. ✔It is wise to use this in conjunction with another trend indicator like ATR or simply 2 moving averages.✔Only trade in the direction of the trend.✔The Donchian channel measures the high and the low of a previously defined range – typically of the past 20 candles. (You can […]
Can we expect a bounce back up. https://youtu.be/aepIVolowIE
Fundamental analysis: Fundamental analysis is an analysis base on studying the global economic news and other news events which affect financial markets.As a trader, no matter what kind of trader you are, fundamental analysis can help you on your way to success. A Fundamenta analyser knows how important is following the news and important economy-related events. If the […]
Today we have these important events:Please manage your open positions carefully.AUD Unemployment Rate (APR) (9:30 GMT+8) Shows the number of employed in Australia AUD Employment Change (APR) (9:30 GMT+8)The Unemployment Rate is the most important indicator of the health of the labour market.
$GBPCAD Nicely fits in a channel.Sell at 1.7560TP: 1.7250 & 1,7100SL: 1.7650
