How To Forecast Sideways Market

 

In order to successfully identify a sideways trading market, you will have to first find the levels of support and resistance. These two levels are virtual lines on the chart that seem to contain the price movement. When the chart reaches resistance it bounces down, and when it reaches support — up. - https://paxforex.com/forex-blog/how-predict-sideways-market

Comments

Post a Comment

Popular posts from this blog

How do you prevent Supertrend false signal?

One advantage of the smaller Supertrend parameters is that we get more timely entries and exits...  When we lower the Supertrend parameters, we need to use another indicator to reduce the whipsaws and usually it ends up being an oscillator as oscillators are leading indicators. Supertrend(10,3) when combined with RSI(14) does not work so well, but if we combine RSI(7) with Supertrend(5,1.5), it gives interesting results and eliminates a lot of false signals. The general rule can be described as follows:   RSI followed by Supertrend rule: Buy, if you get a Buy signal in RSI(7), followed by a Buy signal in Supertrend(5,1.5) within 2-3 candles. Sell, if you get a Sell signal in RSI(7), followed by a Sell signal in Supertrend(5,1.5) within 2-3 candles. Source:  https://www.investarindia.com/blog/supertrend-indicator-strategy-with-formula/   What to buy today? Koufu S$0.68 (first pull back from green supertrend) American Airlines US$13.73 General ...
Read more

Margin or Cash Trading on Moomoo - Rookie Trader Journal 7 Jun 2021 - Cut TSLA Bought VISA AAPL

Image
Is Moomoo a Cash or Margin Trading platform? The app is a little confusing. I see the word Margin everywhere until I place a trade do I see the word Cash! 🤨 Today I placed my first trade on Moomoo. This is how I figured it out. ✅ Changing SGD to USD - Go to Trade, US Margin Account, Currency Exchange to change all my SGD2700 deposit to USD. The process took less than 5 minutes.  ✅ Buying a stock - Go to the stock. Tap on Trade. Choose Limit or Market. Key in price and quantity. Unlock Trade. Then tap on Buy.  A notification appears telling me that whether the trade is cash or margin. The funds available will be used for cash trading. If funds are not enough, then a certain number of shares will go into Margin trading.  ✅ Monitoring Stocks - To monitor potential stocks to buy, go to the watch list in the Quotes tab. To monitor stock holdings and orders pending, go to the Trade tab.  Today, I will not venture into Margin trading and stick to whatever funds I have for ...
Read more

What is Old Duck Head in Stock Trading | Rookie Trader Journal 23 Jun 2021 - Bought CCL

Image
There is a section in the  Moomoo app that shows the list of stocks that have met the criteria of the old duck head.  What is the old duck head? "Once the "old duck head" form is formed, it is extremely aggressive and is the best stock selection tool for short-term investors."  https://min.news/en/economy/f672f793feeba93ae4c4a177a2c176c6.html I don't understand all the articles explaining the Old Duck Head in stock trading. They all seem to be translated from Chinese. Even the words in the charts are written in Chinese. How's my purchasing power today? I can buy 1 stock using  Moomoo .  Any stocks in my  Moomoo  watchlist to buy?  C, LYG, OCGN, CAT BUY CCL at $28.40. Done.  Any stocks to add to the watch list from the  Moomoo  Heat List and Market Opportunity KDJ Golden Crossing, Bollinger Band Breakout? AIG, CCL Any tips from TraderTV Live? Microsoft Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.40.  ...
Read more