Tag: macd

Today, let’s write a list. According to the everyday inspiration a list will allow me to loosen up my mind and unlock more ideas. The challenge is to choose one of the following topics.

Things

• I Like
• I’ve Learned
• I Wish
• You’re Good At

I decided to go with a timer to limit myself to 45 minutes of free listing on the Things I’ve learned.

Write a List

Trading Flow

• Before you enter a trade
  • What is the trend?
  • Bullish
    • Is the price at support?
      • Yes -> Buy
      • No -> Don’t trade
  • Bearish
    • Is the price at resistance?
      • Yes -> Sell
      • No -> Don’t trade

Stock Market MACD Indicator

• Composed of 12, 26 period moving average
• If the 12 period is greater than 26, the market is bullish trend
• Also, the opposite will make it bearish
• Crossing over the Zero line will also indicate a bullish trend
• Is used to show divergences of high highs and lower lows for the market structure
• When the average moving period crosses the signal line, we can see a buy or sell signal
• Is a momentum indicator

On Balance Volume Indicator

• Is used for trend divergence by comparison to market
• Can show overall trend direction
• Use it confirm the type of market your trading

Stock Market RSI

• 30 means oversold market

What is Market Confluence

• It’s a combination of indicators to build up your trading edge
• You can combine TTM Squeeze with flag pattern to place a trade
• Look for oversold positions to open a starter
• Wait for SMA 50, EMA 20 to cross over VWAP for a bullish trend
• Allow the MACD histogram to hit the support structure to indicate resistance

TTM Squeeze Indicator

• Momentum buildup
• Look for confluence between 2-hour, 30 min or daily time range
• Keep an eye on the squeeze period cos if it’s too short you won’t have enough time to review it
• Use it together with support and resistance
• look for strong bullish hammer candle and strong squeeze
• Can be combined with the bullish flag pattern
• Can predict large moves in a certain direction
• Avoid choppy using together with choppy price action
• Red dots mean low volatility compared to the normal range
• Green dots mean the market is taking off
• Teal is positive momentum
• Dark Blue is negative momentum
• Use Fibonacci extension tool to find the exit and take profit at 2.4618 range.
• Look for Wedge patterns to aid in confluence when placing a trade
• Writing lists can be helpful for learning and reviewing what I understand

Write a List End

As you can see, I learned a lot about the stock market. If I made a “boo boo” anywhere here let me know so I can make a ton of money. If you’re interested in finding your own inspiration visit blogging university resource page to start your own list.

Here is an illustration from my art meetup: