So if it fits the rest of your trading style - and you want to hang in with some shares there and then go and see, if you can get more out of it, then this definitely worked out well for you. We got a beautiful candlestick pattern and then BOOM in the afternoon the last two hours of the trading day, the thing just tanks for the last hour and a half or so, and so this can help you to stay patient and let your winners run fulfilling the The famous saying cut your losses short and let your winners run another way of not getting freaked out during neutral parts of market action and still having a I hate to use the word bias, but an established sentiment based on the logic and a rule-based method.
So we're gon na have part 2 after this / will be very different. / we're not going to talk about trend trading today was about trend trading. The view app / is well. I'M gon na leave that up to a mystery that'll be coming out next week. So as a special offer to my youtube subscribers, by the way, I'm going to give you one of my favorite trade strategies so that are go into much more detail, then I go on with any of my youtube videos. This trade strategy is called the rubberband trade gon na give you all the rules gon na take about 26 short minutes https://casinoslots-ie.com/la-fiesta-casino. To give you all the rules for it, the rubberband trade is a fantastic trade. I still take to the day. It has a very, very high win-loss ratio and you can get it absolutely free by clicking on the image in the top right corner of this video or in the description below the video and by the way, if you're not watching on YouTube, then there's probably a Link below or an opt-in form on the side, and once you do that I'll personally email, the video to you with the Riverbend trade strategy, you
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So to me that is a nothing but net trend, so to say to use a basketball analogy and because why it's not coming back to the volume weighted average price. If it does it's coming back to neutral all of a sudden, the markets come back to a neutral sentiment and if you want a continuous trend, well, you don't want it to come back to neutral.
Then you've kind of lost your your trending. Now some people still do that and use it as a support level or resistance for bearish markets, and that's okay, if you use other things along with it. Candlestick patterns some indicators you like or whatever it can be used that way as well. I'M just saying that for me in my house, when we're looking for a sustainable trend, I feel much more confident if it stays between these standard deviations up here does do that all the time, oh heck! No, why? Because well not every day. Does the market go into a sustainable trend? So that's like your textbook best example and I like to start out there just so you have that in mind, but let's look at real life. Okay, so a lot of trading days are gon na be like this, but this is valuable to know as well, because now what do we have so now we have a flat V wealth line, alright, let's just flap, and so what and then also we have price Bars above it below it above below above below, so that again indicates a non trending market that the markets just hovering around the same value, weighted average price and therefore we don't have a training market. Well, guess what that's good to know as well. Would I trade that no, I probably wouldn't trade it, but I would see that and say: oh hey, one of the most valuable things I'm trading is to know when not to trade. I just went to trade also, you should learn when not to trade, to stay out of choppy markets, that's extremely valuable and so well. This is Amazon five minute chart. So then what does go? Look at a different market find one that is trending so again, whether you want to do scanning or just you have your basket of stocks that you're looking at this would be a great example of one to say. Oh okay, you know what nothing happened in here. I think that maybe I'll just go look at a different market and find one that is trending very valuable. Now, here's one more example and what I wanted to demonstrate on this. It'S kind of a combination of the two things that we looked at before so here. Out of the day we come out of the open and we go down and we retrace now here. Look, we retrace not all the way back to the B whap line, and this actually is even better because it's showing that we haven't gone back to neutral we're staying in bearish territory. And so this is a place where we could short use a good timing, indicator or candlestick patterns whatever in conjunction with this, you never use this or any other one tool or indication alone, but this is a great way to kind of map the market to know Where we are as far as bullish, bearish sentiment, so it's held this now look at this okay, close down a little bit very cool so so far, looking good if we went short there, but then what happens! Well then, we just go sideways for quite a while, and that is quite a while I mean golly, that's almost what two hours pretty close to two hours, and so this is where things can get very disconcerting, where you can get very uncomfortable, because you think, oh, The markets just going sideways and, of course, you're right. It is going sideways. However, we were still in bearish territory still in bearish territory. Therefore, if you have taken that short, I might want to take some profits, like some profits in there or a gesture risk profile and do your money management technique. But the fact is that, if we're gon na break out we're looking to Bri down and things have not reversed - in other words, just because the markets going sideways, we are not in a bullish market. Here we were still in a bearish market. Look my friend by popular demand, I'm doing a two-part series on the VWAP indicator strategy for day trading. Vwap stands for volume weighted average price. It is a benchmark, they can be very useful in your trading and what it essentially means is that it is adding up the dollars traded for every transaction multiplied by the number of shares trade it. So it's incorporating volume you can use this in place of moving averages, it's commonly used in place of moving averages and it the way that I look at it is kind of a fair value.
So what we have here on this particular chart the way that I have it lined up here, this black line, that's actually the volume weighted average price. So by incorporating volume into it, you can see that it's not only an average of price, but again the energy. The volume the weight of the price action, and so I consider it kind of a neutral zone that is the neutral zone. That'S why I use the term the fair value, although that's not how it's technically defined, but to me it kind of makes sense, fair value. So when the market comes back to that line as it does here, then that is kind of a in neutral zone whoops. Do it that way and kind of equivalent. In other words, it's not the same, but it has the similar concept me of a pivot point or the central pivot. If you like to use flirter pivots where there would be a balancing point and anything below that would be bearish anything above, it would be bullish. So the same thing here, you could consider it in that same sort of contact that same sort of concept, anything above it bullish anything below it bearish now let me bring up the indicator and show you how I've got it set up on my charts. I know everybody likes to see that as well. You should so here's how I've got it set up and depending on the charting platform you use, there may be different different parameters here and so forth that you use, but anyway, I'll just show you mine. So this is a ninja trader and bla bla. Okay. So now, as you'll notice, I have ninja trader a lot of people. Don'T use this for some reason. I'M actually very surprised by this, but a lot of people don't use the standard deviations above and below it. They just use the line itself and I'll pull this up so here. Actually, you can see the definition be: what's the ratio of the value traded to total volume traded over a particular time horizon, usually one-day measure of the average price of a stock traded at over? The trading horizon, okay, so there's your little definition for you, and so I've got three standard deviations here. 1 2 and 3 are the multipliers, but whatever colors you want in there and so forth. Okay, we'll talk about this more in part 2. Actually we'll talk about it a little bit in part 1 as well, so in part 1, here yeah, I'm probably one we're going to talk mostly about trend trading. So, as you can see, it's going to form these Alliance because I've got the 3 standard deviations. The black line, that is, our actual volume weighted average price so again that is kind of our line in the sand. If you will between a bull and bear market using this indicator so cool, we go, we started out above it by the way notice that they always start out the lines always start out together, and that just makes sense, because it's gon na be recalculated at the Beginning of every day, so it's really important by the way and the technical issue that you have it loaded before the market starts every day. Have your charts live not quite as accurate? Typically, if you put it on later like if you come in in the afternoon and then you load it up best to have it loaded up right at the open ready to go because it does calculate on every bar and it's a cumulative calculation. So, at the beginning, all your lines are going to be very close together, actually start hold together and then the you're going to get this expansion typically at the very beginning. So one way of trading this if you're looking for a trend trade, is to look for the view have to be going up and price to be above it and retrace to it hold above and then continue up now what I really like to see for me, The best case scenario is it for it to stay in this standard deviation range here, just like it does right now. Tell us a little about your book.
‘Tough Care’ is a tender and candid account of the time one veteran spent caring for his dying spouse (also a veteran), in which he offers advice and support to those in, or about to face, similar situations. The number of fellow baby boomers about to face these situations is huge and their time is fast approaching. Tough care is derived from the concept of tough love. My wife, Celia, proudly served in the US Women’s Army Corps (WAC) during the Vietnam Era. Years later, however, she was stricken by serious illnesses that caused her to deteriorate from a young and vivacious woman, soldier, wife, and mother, to a severely incapacitated homecare patient. In ‘Tough Care’, I explain how her downfall stemmed from Type 2 Diabetes, which ultimately led to physical paralysis, dementia, and stroke before she died (far too early) at age sixty-four. What inspired you to write this book? Both academic and industry studies have determined that homecare has been more prevalent than one might imagine in the US, and that future caregivers will not only be older, but will also have to simultaneously cope with ailments of their own. This compassionate and touching memoir reveals the many lessons a dedicated and devoted spouse learned in a marriage that was filled with love, respect, sadness, and joy. Readers are sure to find comfort in the advice that is offered, and will find references and online links to valuable resources such as the AARP, American Legion, VFW, Military Women’s Organizations, Diabetes Foundation, Hospice Care Foundation, and Home Care Foundation particularly helpful. What was the biggest challenge you faced writing this book and how did you overcome it? It was a challenge to convert a periodic journal I kept while caring for my wife over four years into one story. I overcame it by mixing actual journal entries with background info, updates and other relevant historical research. What is your next project? Tell us a little about your book.
“Oracle – Sunken Earth” is book 1 in the planned 7-book Oracle series. Book 2 “Oracle – Fire Island” has also just been released. The series is about a teenage boy named Ret Cooper who cautiously undertakes the daunting task of “curing the world” with a spherical ball of curious design called the Oracle. The Oracle has six unique markings on it. Ret has the same six markings on the palms of his hands, which individually lead him to our planet’s most ancient secrets. These world mysteries guard Mother Nature’s six pure, original elements, which Ret must collect and place inside the Oracle. Ret’s knowledge grows and his powers increase with each element collected. The series is good, wholesome adventure, packed with humor, intrigue, and even a little innocent romance. What inspired you to write this book? I have always been fascinated by our planet’s ancient secrets, so that was certainly the genesis for the series. The world mysteries in book 1 are the Bermuda Triangle, the Lost City of Atlantis, and the Bimini Road. The world mysteries in book 2 are the Nazca Lines, Machu Picchu, and Easter Island. My website explains each world mystery in greater detail. I like to think that the Oracle series is an impressive blend of fact and fiction, based on real places and substantiated theories. I believe that a great story not only entertains but also educates, thus the unique writing style. What are you doing to market your book? We are requesting literary critics to write an essay on the book. The approach is to “seed the market” as much as possible. This is why, for example, the eBook price for book 1 is only $0.99. The more buzz we can create, the better, and I suppose it all begins with reader feedback. Any advice for other writers/indie authors out there? Yes, don’t get discouraged, keep going. It is a great feeling to see hard work in book form. Tell us a little about your book.
Haghuf, respected elder among the unseen goblins, has only scorn for humans. Yet he is drawn into friendship with a human aristocrat by The Dance, the spiritual exaltation of life itself which is central to the goblins’ existence. Count Anton – human, magician, shapeshifter – rules the human world above. When an unwitting human wanders accidentally into the caverns, a series of events is set into motion that will lead him to betray his loyalty to his own people to avoid a war that the humans cannot possibly win. Hunted by humans who feel he has betrayed them by his friendship with the goblins, and unwelcome in the goblin world where all humans are considered the enemy, he will be thrown into a deeper world, where even the goblins have reason to be afraid… What inspired you to write this book? One day I was walking home thinking about some political activism when the lines came into my head: ‘We are not like you. We do not glory in having power over our own kind, or imagining that we do.’ It was something that a human couldn’t say to another human and so became a goblin, and the society of goblins grew from there. I threw in some magicians to see what they might do and they took over and became the ruling class among the humans. The story effectively wrote itself and bled over into two sequels. What are you doing to market your book? Following advice from various sources including working with Twitter and other social networking, keeping up the blog, running discounts and freebies. How have sales been? Where have you had the most success? It’s early days, but discount coupons on Smashwords have been the most effective so far. I’ll be releasing a short story collection just after the sequel, Demoniac Dance comes out next month and that will go into a lot of free promotions and connect the readers back to the main series. |
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