The basics of back-testing (HOW TO)Hey Traders,
Today I wanted to follow on from the fantastic amount of comments that we are receiving from the previous video, "stop strategy jumping." It seems that so many of you took a whole heap of value from that video and for that I am very thankful and to everyone who reached out and told their story or let me know that it really touched them.
As highly requested, I wanted to run through a basic way to start getting the grips with strategy back-testing. How can we go about back-testing our strategies to ensure that they are profitable for us in the long run? Take a look, have a listen and tune in. Set up an excel sheet the way I do and get back testing. There's only one way to do this, and it is to do the hard work.
Let me know what you guys find. I can go more in depth in the future, but for now. It seems like most people wanted to get to grips with the absolute basics, which is what I'm going to show you today.
If you have any questions at all, please the comment section is the place to be. As always, have a fantastic trading week and a fantastic weekend traders. I'll see you very soon.
Testing
CENN Premarket Breakthrough Cenntro Motors ticker $CENN has in this pocket last few months. It made an ATH the 2/24 and since then it has been testing floors and breaking through. With recently testing the BOLL and IC on the 1minute and 4 hours. It finally broke through and now making a run for the leading IC on the daily. With that quick of a drop and a lot of momentum in EVs, it’s very likely it can make more test $5 for the first time since it’s 1 for 15 reverse split.
AMC WykoffAMC is getting to resistance as it nears previous higher support levels. It’s in the IC on the 4 and completely blew through it on the 2 hour. And on the daily it would be mid $18 to even reach the IC for rejection. It’s 100% possible to reach $20 but also the chances it testing the bottom again seems likely. We could see price action stay where it is this week then by end of this week or next see it actually test the $12 price range if this level of price range get rejected this week.
USD/CAD - Study purpose only**IT IS NOT INVESTMENT ADVICE**
Hi guys, It's just a publication for studies of my trade system that I am testing.
My projection is a up trend on usd/cad because he does a up trend in short term and struture in long term.
I'm looking to buy this pair until it breaks the higher high and higher low in the short term trend (Up trend).
I am posting it here just to study my perspective over time and it is not a investment advice.
No one can make money by taking ideas here from tradingview because entry is just a part of making consistent money.
We need to know what we are doing, manage the trade/risk and be strong with psychology.
Just look at this idea to see what happens and why I did it. Don't invest by taking someone else's idea because you don't become an investor by doing that!
Bitcoin testing supports and looking for a new bottomAs bitcoin has broken through support at 37,000, it is now exploring aggressively the support line at 36,500 respectively 36,000.
If support breaks at 36,000, the next support line which Bitcoin can be exploring will be at 35,500
35,500 is also the ultimate support after which an approximate closer bottom can perhaps be seeing at approximately 33,000
Traders should be mindful of both short and long trades. The current Bitcoin trading area is no man's land.
OMX C25 potential bullish trendThe OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise 16% over the next few months (give & take). So now is a good time to invest int this share if you are looking for a short-term investing but also a good time for a long-term.
BTC DOMINANCE BTC DOMINANCE
ok i know that technical is not every thing that matters but i wanna try
btc dominance looks bullish at shortterm but until now!!!
maybe a correction could happen but not Necessarily
in order to go higher it needs to keep the 42/4 suppurt
and use it to continue the bullish trend
but if the suppurt breaks with a nice volume anything could happen
so its a great moment!!! have a good day:)
ANY/USDTANY/USDT looks that it broke the bearish trendline on short term
but it still needs a high volume for confirmation
so breaking the bearish trend line is just a sign to place it in the watch list zone
take care:)
its experimentalnotice!! this is just a testing of a random idea so I can back track it in future, daily open interest of usd nzd is so high, lets see if it effects the market somehow...
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hope you all have great time trading :) remember to like and comment your thought about this idea …
do not take this as a signal just use it to improve your sight about the market and for the last thing that I wanna say " you are the only person responsible for your money. don't let others decide about it, you decide ! " much love from Iran...
USDJPY - 12/02/21My opinion is that USDJPUY will test the displayed zone on the graph several times because there is actually an EMA200. It would take some great news to quickly push towards 112.50. I don't think that's going to happen right now because the market has been quite volatile this week. The USD will simply be immune from bad and reckless statements about the new layer of the corona virus.
USDPLN EMA 200 USDPLN, encountering the EMA200 line, what could that mean?
It will probably have a certain stay at this level for a couple of days, if the ipk is one day with a big green Japanese candle, there will probably be a change in the trend and a transition to growth.
My personal opinion to begin with will stay here. and will have several tests.
$SHIB Finding Support, New ATH Coming? Do you agree?In this video I breakdown SHIB using the Daily, 4h, and 15m timeframes.
Retail traders were hoping for a new ATH following the recent news stories going viral like the Kraken listing, game development, and increasing holders. But not so fast...
I show you the current support SHIB is testing and where a breakout or a shakeout could take us next.
Do you agree with my prediction?
Are you bullish on Shiba Inu Coin?
BTCUSDT 58K local resistance is ahead breakout and pump?price again is near resistance zones and at previous times we had a correction from these resistance zones.
The main resistance ahead for BTC is 60K$ resistance and the main support is 52K$ support. (daily)
breaking these trendlines here can make price stronger and only after breaking 60K$ price can easily pump and the market is again bullish.
Else we have more range here like previous times.
DISCLAIMER: ((trade based on your own decision ))
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EPS/USDT BUYEPS/USDT is looking good and we might get a ice breakout set up here. Price is still consolidating but we can see some higher lows forming. The support held nicely nd right now we are testing the resistance. If we can break above this resistance, it should turn into a new support on the retest and price might go even higher after the breakout.
Target 1: 0.7016 (short term)
Target 2: 0.7984 (medium term)
Target 3: 0.8989 (Long term)
Target 4: 1.0980 (Long term)