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    Basics

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    t800.x.official
    The document discusses market trends, momentum, candlestick psychology, and a trend checklist. It defines uptrends and downtrends based on higher highs and lower lows. Momentum shows the market's energy in a direction. Candlesticks can indicate buyer and seller psychology to infer market movement. A trend table indicator identifies momentum, volatility, and volume to signal trades. The checklist considers market structure, patterns, volume, and momentum, with more checks indicating higher success chances.

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    Basics

    Uploaded by

    t800.x.official
    5 views3 pages
    The document discusses market trends, momentum, candlestick psychology, and a trend checklist. It defines uptrends and downtrends based on higher highs and lower lows. Momentum shows the market's energy in a direction. Candlesticks can indicate buyer and seller psychology to infer market movement. A trend table indicator identifies momentum, volatility, and volume to signal trades. The checklist considers market structure, patterns, volume, and momentum, with more checks indicating higher success chances.

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    The document discusses market trends, momentum, candlestick psychology, and a trend checklist. It defines uptrends and downtrends based on higher highs and lower lows. Momentum shows the market's energy in a direction. Candlesticks can indicate buyer and seller psychology to infer market movement. A trend table indicator identifies momentum, volatility, and volume to signal trades. The checklist considers market structure, patterns, volume, and momentum, with more checks indicating higher success chances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views3 pages

    Basics

    Uploaded by

    t800.x.official
    The document discusses market trends, momentum, candlestick psychology, and a trend checklist. It defines uptrends and downtrends based on higher highs and lower lows. Momentum shows the market's energy in a direction. Candlesticks can indicate buyer and seller psychology to infer market movement. A trend table indicator identifies momentum, volatility, and volume to signal trades. The checklist considers market structure, patterns, volume, and momentum, with more checks indicating higher success chances.

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    Market Trends

    Uptrend:
    Higher highs and lower lows

    Note: The higher low only officially becomes a higher


    low if the high crosses the higher high and vice-versa for
    bearish trend.

    Downtrend is basically the opposite of this.

    The trend is reversed only if the low is lower than the


    official higher low and the high is higher than the official
    high.

    Momentum
    Momentum shows how energetic the market is in a certain direction.

    Candlestick Psychology

    Candlesticks can be used to read the psychology of buyers and sellers in the market by which we can
    infer if the market is going to go up or down. Candlesticks do not have a high win rate standalone
    but when paired with price action and other factors, they can be quite rewarding.

    The long wick of the candlestick indicates that the buyers got the price up high, but the
    closing price is really low which indicates that the sellers won the battle indicating a
    downtrend in the market.

    The opposite can be said for the bearish candles of the same design.

    Trend Table (Plug-In)

    This is an indicator that can identify momentum, volatility and volume saving you the hassle of doing
    that yourself. When the volume and momentum are both in bullish
    or bearish state that can be a pretty strong indication to enter or
    exit a trade.

    https://www.tradinglab.ai/

    The Checklist
     Market Structure
     Candlestick Patterns
     Volume
     Momentum

    When all of the above are indicating the same trend, that indication is almost 100% accurate and can
    be a really good indication of when to enter and exit a trade. The more items are checked on the
    list , the higher is the chance of the trade being successful.

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