Candlestick patterns play a key role in quantitative trading strategies owing to the simple pattern formation and ease of reading the same.
For using candlestick patterns, you only need to have a basic understanding of how the candlesticks are formed. Also having some idea about the various ways in which these candlesticks can be interpreted would be...
📊 What Is Day Trading ? 📊
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Day trading usually refers to the practice of purchasing and selling a security within a single trading day. While it can occur in any marketplace, it is most common in the foreign exchange (forex) and stock markets. Day traders are typically well-educated and well-funded. They use high amounts of leverage and short-term...
I love these simple setups in trading. They keep recurring and are easy to identify if you know what to look for.
Basically, such a setup consists of three simple components.
1. the impulse. A strong move that is different from previous moves.
2. the correction of the movement.
3. the continuation. Breakout from the corrective movement in the direction of the...
Start date: 27 June 2019
30 days day trading project. Day number #1 27 June 2019
Step 1
Look at 50 and 100 days simple moving average on weekly chart, if price is lower then cross over point, we will short. If price higher then cross over point we will long.
Step 2
Look at 5min chart with ATR 288
Step 3
Look at graph everyday at 12midnight
Step 4
Add ATR to...
