Tag Archives: trendline

Testing up and down trendline for support and resistance line

As described in the video,  I called the last few number of days one big CLUTER-F. This video highlighted the meaning in a non profanity way. One goal of this process to find a new support and resistance line. Do understand that this process of building trend-lines using an automated method to calculate peaks and troughs (or pivot points) is not easy. I refer you to this as it will explain the process better than I can here. I could easily get bogged down in this quagmire. As a result, I am calling it a day so I can move onto other important phases based on my Nictrades learning.

Not perfect science

This is not meant to be perfect but the general of a 3rd touch on a trend line can confirm an entry or exit. One may be able to use these to make that point a support or resistance line. You could also swap out when price cross these lines to be used as a new support or resistance line. There is not perfect science but you try your best with simple indicators that can be used in combination of other indicators  to find new support and resistance line. You could also use other rules to confirm market positions. As well, one could combine these with other indicators mentioned which would include moving averages or harmonic patterns.

As indicated in the video, I have ways to calculate the expected third touch if two have already happened on a trend line. If price moves across that expected point, we could use that as way to do a market position or confirm something else.

Note that this process can be used at a universal level of all asset classes hopefully

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Fibonacci retracements and trend line charts posted

Here is a set of charts with new indicators I am testing out including Fibonacci retracements and trendline. Later today I will be adding a full analysis for timeframes of daily, 4 hour, and 1 hour. I plan to add not just one trend line to each timeframe but three for potential help in deciphering classic trading patterns as well.   I am hoping to a long video on this process manually to learn about potential break outs from these.

Where did the inspiration come from

A lot of these charts below are generate as being inspired by Nictrade post recently I posted.  These are the important charts for Signal trend-line and Fibonacci retracements

Signal, trend line, and Fibonacci retracements charts which are end of day for 1 year.

Widely used in financial institution

See the charts here as where I plan to start. I heard 2 traders on Bloomberg TV talk about Fibonacci re-tracement levels they use so it appears very popular in the finance industry.

I may introduce this as a separate live bootcamp offering for all my Elite members!

Thanks

 

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Signal trendline and Fibonacci retracements charts up

Signal, trendline, and Fibonacci retracements charts up

A lot of these charts below are generate as being inspired by Nictrade post recently I posted.  These are the important charts for Signal trendline and Fibonacci retracements

Signal trendline and Fibonacci retracements charts which are end of day for 1 year. Also this script to generate these charts is written in Python.

Trendline

t

Buy/sell signal

Fibonacci retracement

 

Now I need to work on the patterns

 

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Is regression trendline best technical analysis trading indicator for position entry

Is regression trendline best technical analysis trading indicator for position entry

This is for the simplest forex trading strategy for market position  entry. What other indicators would you run in parallel for this?

I do have my 2 Dukascopy very affordable courses to help you prepare for this sort of stuff

https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2014/10/24/Trend-Following-with-Regression-Channels.html

https://www.dukascopy.com/client/javadoc/com/dukascopy/api/IIndicators.html

Note:

regression <— most appropriate line but available in Visual Jforex but part of Jforex
in visual jforex (under trend indicator):
fib pivot not appropriate
trend envelope most appropriate
wadded at may work combine with trend envelope

Dukascopy Visual JForex for NON programming to do algo forex trading

Dukascopy Tools and API development for Algo forex trading

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Here ye here ye: AUTOMATED Watchlist of long short trading ideas with spread and technical analysis of trendline and moving average

AUTOMATED Watchlist of long short trading ideas with spread and technical analysis of trendline and moving average

 

Wow I am excited that this is getting close to something productive. Simple but could effective thanks to this automated watchlist

This video shows everything in Matlab with Postgres PG Admin

– See more at: https://quantlabs.net/blog/2014/10/automated-watchlist-of-long-short-trading-ideas-with-spread-and-technical-analysis-of-trendline-and-moving-average/#sthash.QVEkpV0P.dpuf

 

And remember, the Chimp with the Machine Gun is coming soon. And it looks good.

Bryan

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HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

AUTOMATED Watchlist of long short trading ideas with spread and technical analysis of trendline and moving average

AUTOMATED Watchlist of long short trading ideas with spread and technical analysis of trendline and moving average

Wow I am excited that this is getting close to something productive. Simple but could effective thanks to this automated watchlist

This video shows everything in Matlab with Postgres PG Admin

Join my FREE newsletter to see how I can implmenet this new internal trading system

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!