The Only Technical Analysis Video You Will Ever Need... (Full Course: Beginner To Advanced)
Published: 2021-03-12
Status:
Available
|
Analyzed
Published: 2021-03-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Technical analysis is defined as the study of historical price movements to make accurate predictions about future market behavior.
"technical analysis is the study of historic price movements in order to make accurate decisions of what the market may do next"
Pending
Traders should aim to trade in alignment with the existing trend of a market for increased success.
"we want to be trading alongside the trend of any given market"
Pending
Support and resistance levels are identified as price zones where the market is expected to show a reaction.
"support and resistance are simply areas in the market that price is likely to react from"
Pending
Support and resistance can be effectively used as entry points for trades within a trending market.
"using support and resistance as entry points in a trending market is very simple"
Pending
The break and re-test strategy involves a market breaking a support level, then pulling back to that level to offer a trading opportunity.
"this is called a break and re-test strategy and what we're looking for with this strategy again is the market to break below a previous level of support like we have right here come back to that level and provide a trading opportunity"
Pending
The ATR indicator is crucial for traders to align their strategies with the volatility of a market, preventing premature exits (wicking out).
"we need the atr indicator to help us stay in line with the volatility of a certain currency pair or a certain time frame to keep from getting wicked out by the market"
Pending
A recommended practice for setting stop losses is to place them at least one ATR unit above the swing high of a pullback to allow for market fluctuations.
"i want to do is make sure that i am at least one atr above the swing high of this current pullback to give the trade breathing room"
Pending
A potential target setting strategy involves aiming for a price move equivalent to two times the current ATR value.
"i may say i'm expecting the market to move two times the atr indicator"
Pending
Moving averages provide an objective method for defining market trends.
"a moving average is a great objective way to define trend"
Pending
The 20-period moving average can function as a key area of value, particularly in short-term trends.
"the 20 period moving average can act as a great area of value in short term trends"
Pending
The 20, 50, and 200 period moving averages are identified as the most useful for establishing areas of value in trading.
"those are the only three i would use as areas of value and that is the 20 period moving average we have right here the 50 period moving average that we have right here and the 200 period moving average"
Pending
Utilizing moving averages as trailing stops in trending markets can help traders capture larger portions of the trend.
"in a trending market using a moving average as a trailing stop can be highly beneficial to capture more of that trend"
Pending
The RSI indicator is deemed most useful for identifying potential reversals when combined with major structural resistance levels and overbought conditions.
"the place i see the rsi indicator is if we're at a previous level of major structure resistance when this market goes into an overbought scenario and if we have something called rsi divergence"
Pending
RSI divergence occurs when price forms higher highs while the RSI forms lower highs, signaling a potential reversal.
"where price is making higher highs and the rsi is making lower highs"
Pending
The effectiveness of candlestick patterns relies on objective rules, as their interpretation can be subjective otherwise.
"the only thing i do to make this extremely simple and let me talk about the reason i do this first if you ask people what a hammer candlestick is or you show them a chart i'll put a chart on the screen and ask is this a hammer or is this a hammer candlestick you may get two different answers what i'm trying to say is that candlestick patterns unless you have rules for them are subjective"
Pending
A 38.2% candle is objectively identified when its entire body remains above the 38.2% Fibonacci retracement level, drawn from the candle's low to its high.
"an objective rule i have for the 38.2 candle is that i pull a fibonacci retracement from the swing low of the candle itself to the high of the candle itself as long as the entire body of that candle is above the 38.2 retracement then i count this as a valid 38.2 percent candle"
Pending
A bullish engulfing pattern is confirmed when a green candle's body is larger than the preceding red candle's body.
"for a bullish engulfing pattern i need to see that the previous candle was red that the next candle is green and that the green candle has a larger body than the previous candle"
Pending
A bearish engulfing pattern is the opposite of a bullish engulfing pattern, where a red candle's body is larger than the preceding green candle's body.
"a bearish engulfing on a chart so i'm not going to have to do that right here"
Pending
A 'close below' candle is defined as a candle that closes lower than the low of the preceding candle.
"a close below candle would be a candle in which the close of that candle is below the low of the previous candle"
Pending
The 38.2% candle pattern can serve as an entry signal for long-term trend continuation trades.
"these can be used for entries into a long-term trend"
Pending
A 38.2% candle pattern occurring at the top of an uptrend, where the body is below the 38.2% retracement (from high to low), can indicate selling pressure and potential reversal.
"this would be an example of the 382 candle and why would it be an example of that candle because if i pull a fibonacci retracement from the top of this candle down to the low of this candle is the entire body below the 38.2 retracement yes this is showing a selling pressure"
Pending
A double bottom pattern is characterized by the market forming a support level, bouncing to resistance, and then re-testing that same support level, finding support again.
"for a double bottom that's what we're looking at right now here on the euro yen for this pattern what i'm looking for and the way it looks on a chart sorry i didn't do that before the way it looks on a chart is a market that comes down creates a level of support then bounces up to a level of resistance but instead of continuing down in this downtrend we come down we re-test this level of support and we're supported yet again"
Pending
The break of the neckline is a crucial validation for confirming a double bottom pattern.
"we need that neckline to break to validate that this is actually a double bottom"
Pending
A double top pattern forms when the market reaches a resistance level, pulls back, and then re-tests the same resistance level, finding resistance again.
"a double top is going to be when the market pushes up to a level of resistance then pushes down in our initial pullback but instead of continuing this uptrend we now test that level of resistance once more and find resistance yet again"
Pending
The break of the neckline is a crucial validation for confirming a double top pattern.
"we need that neckline to break to validate that this is actually a double top"
Pending
Double top and double bottom patterns are most effective when traded in alignment with the trend of a higher timeframe chart.
"they work best whenever you're aligning yourself with higher time frame trends"
Pending
Flag patterns are identified as formations indicating a shift from low volatility to higher volatility, often seen in uptrends and downtrends.
"we call these flag patterns"
Pending
Flag patterns should only be traded when they occur at or near the 20-period moving average, which acts as a filter for highly volatile trends.
"i want to only trade these patterns when they happen above or near the 20 period moving average"
Pending
Ascending wedge patterns are expected to eventually break out to the upside.
"eventually that pattern breaks out to the upside"
Pending
Descending wedge patterns are expected to break out downwards.
"eventually that breakout level gives way to what we call an ascending and descending wedge breakout pattern"
Pending
A preferred trading strategy for ascending wedges involves waiting for a pullback to the resistance zone and then looking for buying pressure (a green candle).
"i like to wait for a pullback back into my zone of resistance when i get that pullback i look for buying pressure"
Pending
For descending wedges, the speaker prefers to wait for a pullback to the support level before considering a trade.
"i like to wait on this pullback to come back into that level"
Pending