Are there a secret patterns on charts? - Harmonic Trading Few years ago I read book of Scott M. Carney about harmonic trading. I do not remember a lot, just that I was fascinated with the idea of hidden market patterns. Wouldn't it be great to know when the price will change direction and how far the range
Footprint charts I’ve spend hours over classic candle charts looking for some clues and traces that would indicate what the marker is doing and what will do in the near feature. Definitely it’s not easy. Trading is a zero-sum competition. For someone taking money from the market, someone else has
Misleading feature of TradingView All scripts and analytic tools are as good as the data they are based on. If you have a crappie data than almost sure your analysis will be crapy or misleading. Always verify data source quality What was my surprise when I started looking at the volume data from the
Price-volume analysis on TradingView Recently, I spent a lot of time on the topic of volume-price tools to better understand current market situation. Naturally, I ran into the problem of data representation, accuracy and TradingView limitations. Trading View is highly optimized for candle charts and do not provide single transactions/orders data. According to
Why volume is not as clear as price. Recently, I have been publishing less, focusing on possibilities of Volume analysis and tools helping with that. But before describing tools I need to look at the wider investment market. Even the most advanced analytic programs are just a tools, getting some data and transforming into more consistent form. The
Profits of 821% or 1235,9%* annually. Is it possible? I was planning to write more about the role of volume in trading, but question from a friend inspired me to change my plans and write about Szejk's waves theory. I have few reason to write about it now: - Zbigniew “Szejk” Nowaczyk shows annual profits of 1235,
See the chart from different angle - Volume Profile As mentioned in previous post, I believe that volume is a very important ingredient in reading trading charts, understanding history and identifying what is probably happening now. Ingredient that can be easily ignored or underestimated. Volume is showing the history of money transfers, where traders are buying and where they
Undervalued or Overvalued? - Volume-Weighted Average Price Volume-Weighted Average Price (VWAP) is showing day average price based on done transactions. Using Volume value as weight is crucial here. I will try to explain it on the example. We can calculate average price from D1 bar (even on few ways: [open + close]/2 , [high + low]/2, [high + low
Data and their analysis - TradingView platform You can hear that trading is as simple as “Buy low, and sell high”. When looking on the historic chart it’s so obvious where was the best moment to buy – the low – and the best moment to sell – the high. If we just could have a time machine and
You trade at your own risk - Disclaimer None of the information contained on Toolkit 4 Trading (T4T) is a recommendation within the meaning of the Act of 29 July 2005 “O obrocie instrumentami finansowymi” or any Regulation of the European Parliament and the European Union Council (in particular No 596/2014 of 16 April 2014.). This applies