‼️TRADING GUIDE‼️
Familiarize yourself with trading indicat..
🕑 Added 2022-07-03 04:34:53 +0000 UTC
‼️TRADING GUIDE‼️
Familiarize yourself with trading indicators.
Below are some strategies you can use to confirm entries/exits. I also attached youtube resources to make your life a bit easier:3
Moving Average
Volume
RSI
MACD
TTM Squeeze
Bollinger Bands
You will need to use https://www.tradingview.com to read charts and use indicators.
What is Moving Average?
The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 8 days, 9 days, 21 days, 50 days, 200 days.
https://youtu.be/4R2CDbw4g88
What is Volume?
Volume is simply the number of shares traded in a particular stock, index, or other investment over a specific period of time
https://youtu.be/NwzcmTC6_1Q
What is RSI?
The Relative Strength Index (RSI) is a measurement used by traders to assess the price momentum of a stock or other security. The basic idea behind the RSI is to measure how quickly traders are bidding the price of the security up or down. The RSI plots this result on a scale of 0 to 100.
https://youtu.be/kfblQSFooiQ
What is MACD?
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Traders use the MACD to identify when bullish or bearish momentum is high in order to identify entry and exit points for trades. https://youtu.be/kTo9_aufCtY
What is Bollinger Bands?
Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price.
https://youtu.be/AWN-jpnRwJg
What is TTM Squeeze?
TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the Markets, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range.
https://youtu.be/XWt8h1aw-M0
