Here are just few Examples of why i use ONLY #Fibonacci levels and candle stick patterns Without any other indicator

//THREAD

#trading #stocks #technicalanalysis
#CHARTS #Candlestick #patterns
#study
1
Here an example about SPY 60 min chart from September
Check time each picture stamped
No indicators ... just following candle stick pattern ImageImageImage
2. $SPY 60 min chart
Bull flag & target price identified in advanced
check time stamped pictures
Again ... Just by knowing candle stick patterns & Fibonacci levels ImageImage
3. Most recent example : $CHWY
Just by knowing candle stick patterns & Fibonacci levels
High of the day of the breakout straight into the Fibonacci level ImageImageImage
4
At the beginning of my journey my charts was full with EMAs, indicators , RSI, MACD etc etc.. (not saying its not working) until i didn't see the one thing that's important : PRICE itself
5.
If you want to see how i use #Fibonacci Retracement
Check this link :

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More from @TamirTiko2110

27 Jun 21
8 Simple Rules every trader should follow

// THREAD
Did you ever wonder what is the difference between winners and losers in the long term? Like most people you probably think the answer is education. Then, you read a few more books, some articles and thought that was it. Now you’re the man. Well… guess what? It’s not that
1. Never get emotionally attached
“get to know your instrument”, understand how it reacts to news, which are the technical indicators that work
However,this may lead to some sort of feeling of connection and emotional attachment
That is a bad thing
Read 12 tweets
7 Jun 21
#TRADINGTIPS
Rule #1 in #trading : Risk Management
"Every moment in the market is unique " & no one knows what is going to happen next
I Pre define the amount of $ I’m willing to LOSE
This amount is set FOR ALL TRADES i take

**Thread 1/4**

#tradingplan
#Stocks
#trading
Ex. : I am willing to lose 100$ on every trade i take so i will enter a trade with the AMOUNT of #shares that fits to this risk
Example : $AMZN can be 100 shares , $AMC can be 500 shares

**2/4**
SL Price / Entry Price=SL Percentage ->
100/SL Percentage -> gives you the amount in $ -> Amount in $/Entry price = numbers of shares i buy

** 3/4**
Read 4 tweets

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