1. Pivot Points
2. Stoch RSI
3. VWAP
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
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1. Pivot Points
2. Stoch RSI
3. VWAP
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
I will introduce the tools and then explain the strategy.
I Will talk about the calculations to arrive at the indicators separately.
IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.
They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'
The settings to be used have been disclosed in the pic below.
Note- You can choose your own settings but I have disclosed the ones I use.
Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)
It doesn't matter if it's been denoted as P,R or S.
We will learn how to use them below, practically.
The settings for this indicator are already tweaked by the author.
Note- I don't know the author hence not able to provide credit.
Volume Weighted Average Price indicates an overall trend of the market by INCLUDING VOLUME in the average prices.
Sometimes, it filters out fake-outs with low volumes, hence being a powerful indicator.
We are looking for a VWAP Cross.
- It CANNOT be used on it's own
-It works best on time frame lower than 4 hours.
I have highlighted my VWAP settings below.
It is comprised of 2 Lines.
K- The faster line (Blue line in example)
D- The slower Line (Red line in example)
When the Blue line goes above the red line, it's a Bullish cross-over.
Note- We will not deal with the concept of over-bought and over sold here.
The tools mentioned should give the following signal.
• Bullish Stoch RSI cross-over.
• VWAP Break to the upside.
• Pivot point support established or resistance break.
The sequence of signals doesn't matter.
Note- Exact opposite for Shorting.
•Can be combined with Volume Expansion.
•Occurrence of candle-stick pattern increases probability.
ONLY Enter AFTER all three of the above have taken place.
Entry to be made on candle confirmation
(Next candle above the current candle)
Here is an example of Pivot Points acting as support and as resistance on the next target.
-Volume
-Candlestick Patterns
-Confirmations
Will lead to a higher probability entry.
Note- It will reduce the amount of entry but increase the profitability ration.
Example.
• Use the strategy for Day-trading
•Don't use the indicators alone
•WAIT FOR ALL the signals.
• This is not a perfect strategy. It will fail.
Follow Risk management. Always.
Combining it with PA, Volume will give magical results.
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There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
