AO - Awesome Oscillator

In this video, I am explaining how to use AO to enter and exit a trade. Keep this in mind. Don't rush. If you do not see the opportunity just don't open a trade and wait for the best entry point possible. FOMO is not for analysers!

Typical Price

 

Typical Price is an approximate arithmetic average. Some people call this a Pivot point

How to calculate:

High: H

Low: L

Some people use this Open: O      TP= (H+L+O+C)/4

Close: C

The formula is as below:

TP= (H+L+C)/3

Strategy:

Combine this with a moving average.

Signal: Every time TP crosses above MA it gives us a buy signal

A TP crossing below the MA produces a sell signal.

Swing Index Indicator (SI)

1. Swing Index is used to compare a price movement to price swing 
2. The purpose is to defining the strength of price movement.
3. Positive SI reading can be a sign of a price up-move and negative SI readings considered as a sign of price down-move. 
4. Swing Index is based on the 2-bar data
5. I prefer to use SI on shorter time frames as it is only reliable to predict just several bars into the future. 

Signals:

• Buy signal: when the Swing Index crosses over zero. (Duration of trade only next few candles)
• Sell signal: when the Swing Index crosses below zero. ( Stay in trade or change SL after only a few candles)
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Stochastic Momentum Index (SMI)

We can use this indicator to get the following information.

Overbought or Oversold: Above the overbought and below the oversold lines.

Trend: More oversold in compare to overbought indicates a downtrend.

More overbought in compare to oversold areas indicates a downtrend.

Trading Signals: Crossing the lines inside the extreme areas.

Moving Average Strategies

In this video, I explained the following. What is MA? What different types of MA are out there? Strategies and combination with other patterns.

Median Price Indicator

Median Price is very simple indicator which plots mid-point range for each period.

Intraday Momentum Index (IMI)

The Intraday Momentum Index (IMI) combines candlestick analysis with the RSI. It takes into account the open and close price over the course of the day. Technical analysts can use the IMI to find overbought or oversold conditions. Please consider the following: ✔There will be more false signals in volatile markets and market collapse. ✔Use SLs ✔This is good to add to the existing Cryptocurrency positions at a deep.

Mental and Physical training for Forex traders

If you are a Forex trader, you probably made some choices that you regretted after. You can probably think of many examples when your thoughts or your emotions got in the way of your trading performance.

Imagine these situations:

1. You closed a position in loss and the price direction changed after.
2. You see a movement in price and open a position in a hurry which ends up losing a lot of money.
3. Closed a position in a little bit of profit, despite the fact that your analysis predicts more profit.
4. In case of copying other people, you stopped copying after a few losses and then that trader started making more profit.

And many other times that your emotions cost you a lot of money.

 If you want to increase your stress capacity, Mental training increases your trading performance potential. And like many other skills, you can be perfect by practising it.

Goals in mental training:

• Eliminate doubts and worries that might get you out early from a trade or lead you to move your stop loss when you do not need to.
• Increase your stress capacity.
• Healthier life.
• Increase in concentration.
• Manage your feelings pre, during and after trading.

To manage feelings of fear, anxiety and stress in regards to achieving the above-mentioned goals we can do the following exercises:

• Regulate your breathing. You can even download apps at the beginning to help your breathing techniques.
• Add Yoga to your daily routine.
• Schedule your trading hours and include some rest times.
• Give yourself some days off. Or simply do not think about trading during the weekends.
• Go to holidays to refresh your mind.
• Prepare a trading strategy and only follow that.

Link to video