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Knife Catching Ends with Bloody Hands

My favorite method to avoid catching the knife, reduce FOMO, and find better R:R trades.

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#Trading #WeekendStudy Image
I know that everyone on FinTwit always buys the exact bottom and top, how do I know this? Well it’s simple, they always brag about those 0 MAE trades :)
Selling the exact high and buying the bottom tick sounds cool and all but there’s a better and repeatable way to find a better R:R trading opportunity that doesn’t require the stress of catching the top or bottom tick.
Read 4 tweets
Intro
The moving average is one of the most versatile & widely used of all technical indicators.
Because it can be easy to understand, quantified & tested.
Chart analysis is largely subjective.
2/
Because two chartists may disagree as to whether a given price pattern is a triangle or wedge
But moving average trend signals are precise & not open to debate
3/
Read 13 tweets
✅Most technician use multidimensional approach to market analysis by tracking the movement of 3 sets of figures- price, volume & open interest
✅Here I will share analysis on volume.

2/
Volume & open interest as secondary indicators:
✅Price is by far the most important
✅Volume & open interest are secondary
✅Of those two, volume is the more important.
3/
Read 13 tweets

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