Nvidia -> Breakout TimeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nvidia stock just recently created a very obvious inverted head and shoulders and I uploaded a lot of analysis always pointing towards this bullish pattern which will lead to a longer term bullish move.
The past couple of weeks Nvidia already started this bullish move, we now just broke about a weekly resistance area so I simply do expect the continuation towards the upside from here.
With earnings coming out yesterday, the market today gapped higher 15%, breaking also a daily resistance area so I am now just expecting a retest of the previous resistance, now turned support, and then the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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Microsoft -> It's Now Or NeverHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Microsoft stock just recently created an awesome double bottom and also already broke above the neckline confirming the weekly pattern.
As we are speaking the market is retesting the neckline of the double bottom which is now turned support so from a weekly perspective I just do expect the continuation towards the upside from here.
On the daily timeframe however the market is currently massively bearish and I definitely don't want to catch a falling knife so I am now just waiting for some bullish structure on the daily timeframe before I will look to enter longs to capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XAUUSD DETAILED Video Analysis, with a trading plan👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Nasdaq -> It Is ConfirmedHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
In my opinion the Nasdaq will start the next bullrun in 2023. On the weekly timeframe we have three massively bullish indications, the first one being a double bottom, then a trendline break and also a bullish ema-crossover.
Considering this very bullish behaviour I am now just waiting for an opportunity to jion the next push towards the upside.
On the daily timeframe I am now just waiting for the market to break above the next resistance zone which at that point is turned support and then provide the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
🧐ZOOM: Is Zoom a Good Stock to Buy❓❓❓🧐ZOOM: Is Zoom a Good Stock to Buy❓❓❓
In this video, we'll go into some detail about Zoom and why it might be a good buy.
I have looked at some details about the financial statement and
also the current price position of the technical analysis.
Thank you and Good Luck!
Live stream - KNN strategy ( PineScript ) - Part 4Make an strategy out of Capissimo and lastguru kNN (k Nearest Neighbours) ideas so that we can backtest it.
As a bonus this strategy will be able to easily connect to Zignaly and implement Risk management.
Small questions about PineScript are welcome.
Nvidia -> Higher, Higher And HigherHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nvidia is actually quite overextended towards the upside, just the last couple of weeks the market had a pump of about 65% towards the upside.
Considering the fact that from a weekly perspective we are also retesting previous support which is now turned resistance, I do expect a short term rejection towards the downside and then the longer term continuation towards the upside.
On the daily timeframe you can see that we are currently retesting also previous resistance, so I am now just waiting for some bearish rejection which will then lead to a short term weekly correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XAU/USD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Live stream - The Trade Off UK: Re-Assessing Markets After Data After last week's volatility & jam-packed eocnomic calendar, cross-asset volatility has surged, as traders rip up their views and reassess where we stand, and how central banks may react
Plenty for Michael Brown & Ryan Littlestone to discuss and debate,
What I've learned after backtesting So, I love backtesting. Recently I've found my self in a 3% drawdown and needed to figure out what the cause of it was and trading at this moment won't give me that answer.
So, I decided to backtest.
Here is what I found:
1. I'm overtrading my system
I am a proud swing trader who got back into scalping the market in December 2022. It was mot my idea, but I thought I could handle it. I started out great, but then the market reminded me why I left the lower timeframes.
2. I'm not holding my trades long enough. Thanks Prop Firms!
Since joining a prop firm my mind has been changed to holding trades for less time than I normally would. I don't mind holding trades for weeks or months, but prop firms give you time limits during evaluation periods.
That was and still is a huge adjustment for me. Being a swing trader means I have to let my profits run. So, now, I've found a prop firm that will allow me to hold my trades with no time limits.
3. Not holding trades to my weekly and monthly targets.
I need to see past my daily targets. Normally my daily risk to rewards are between 1:1 and 1:2. I'm in drawdown because I'm not recovering from my losses with these risk to rewards.
So now, I'm only taking trades with RR over 1:2 and better. This way I'm trading less, holding longer(sometimes), and getting the best bank for my buck.
Backtesting helped me see my mistakes and how to correct them. This is called fixing your strategy.
Notice how I'm not changing my strategy. I'm tweaking my strategy to fit my mental capacity and trading style.
If you find you're in a drawdown and can't see, stop trading and backtest what you're currently doing and find a way to stop the behavior thats causing your drawdown. Then, stop doing that particular thing so you can see better results.
I pray this has helped you.
Let me know your key takeaway by commenting below.
Meta and Tesla Priced richly again, dow ignored, fear lowForward growth seems to be priced back into these hot high volume in the news stocks. Both Tesla and Facebook/meta have almost doubled in the last month.
Dividend dow is not shunned and ignored as hot stocks are back in style.
Fear in vix and junk bonds is low.
POST FOMC Analysis For The S&P 500 ES1!For traders it's not about what the Fed does or is going to do, it's about how the market reacts to what the Fed does. Today the FOMC raised rates by .25 basis points and the markets took off. As of right now the bulls are in control, but for how much longer? In today's video I go over how I will determine a market top and ways to tell if this rally still has legs. I use auto anchored VWAP, Bollinger Bands, and the RSI.
Past performance is not indicative of future results. This is for educational purposes only. Derivatives trading is not suitable for all investors.
Strategy Coding E01: Adding a custom Trailing-StopIn my experience there are phases to creating a strategy. In this episode we will cover one of the most important steps: establishing an exit strategy. Exiting a position is crucial to risk management. If your entries are terrible but you have a good exit strategy, you might get by and not lose a lot of your capital. And vice-versa, if your entries are great, but your exit strategy is terrible, you my not make any profit.
Concepts we will cover in this episode:
Integrating an indicator value as a trailing stop.
Lowering the trailing stop sensitivity by using the Average True Range (ATR).
Customizing the ATR value.
Brief introduction to 'modules'.
