Hey, folks! Today I will continue my story about Bull Market Strategies. Jumping on board with a bullish market at the right moment is crucial — buy early and watch your investments soar, eventually cashing in on those higher prices as the market peaks. However, if unforeseen circumstances (such as crises or regulatory actions) arise and a bear market looms,...
The Relative Strength Index (RSI) - is a popular technical indicator used by traders to identify overbought and oversold conditions in the market. The RSI with a period of 4 is a shorter-term version that can provide more frequent signals. I use RSI 4 effectively following these steps: Understanding RSI Basics: The RSI measures the strength and speed of...
1. What are indicators? Indicators are statistical tools used by traders to analyze and interpret market data, with the goal of identifying trends, patterns, and potential opportunities for trading. These tools are based on mathematical calculations applied to various types of market data, such as price and volume, and can help traders make informed decisions...
Contrary to popular belief, when an asset is going up, that doesn't necessarily mean the asset is long biased. It's the same when price is going down; just because price is falling doesn't make that asset short biased. What we see on a chart at first glance often times is just random price movement with no substance. Hence, "Rangy Markets". Price will arbitrarily...
Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on...