How do you backtest a trading strategy even if you can’t code? Use backtesting software that doesn’t require coding, just simple inputs of entry and exit signals for markets you want to see the results for. You don’t need to code you just need access to user friendly backtesting software. In 2020 there is plenty […]
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The CCI indicator (commodity channel index) is an oscillator originally created in 1980 by Donald Lambert . He developed CCI originally to identify and quantify cyclical moves in commodity charts, but this technical indicator has also been used on stock indexes, exchange traded funds, stocks and charts of other markets. It can be used as
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I believe the best finance documentaries can be both educational and entertaining. Below is a list of my favorites that I’ve found and watched over the past fifteen years. Some are newer and some are older but they are all great at showing financial information in an informative and engaging way. I enjoyed watching these
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A good trader should improve with every trade. The focus for any trader should just be to make the next trade a good trade. Profitable trading comes from stringing together a lot of good trades in a row. A good trade is one that has a good risk/reward ratio on entry when you consider the
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What are the most used moving averages on charts and in technical analysis? The popularity of specific moving averages on different time frames can give them meaning as more people are watching them for signals. They can be self fulfilling prophecies as buyers and sellers take action as price crosses the line. Overall, simple moving
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The Commitments of Traders or COT report is a weekly report created by the Commodity Futures Trading Commission (CFTC) quantifying holdings in the U.S. futures and options contracts by different market participants. It is put together by the CFTC from traders disclosures of market positions and covers the futures on grains, cattle, financials, metals, energy,
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Smart money flow index or smart money index (SMI) is a technical analysis indicator that attempts to show the current market sentiment of investors. The index was created and made popular by Don Hays, who was a money manager. The SMI indicator uses intraday price patterns to measure bullish or bearish sentiment. The SMI indicator
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A Dragonfly Doji is a single candlestick pattern that is a type of doji where the wick (or shadow) of the candle is much longer than the body. The large wick represents a large trading range during the candle time period and the small body represents the open price and closing price being very close
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Bayesian statistics is a systematic process for describing educated guesses during uncertainty using mathematical probability. The Bayesian interpretation of probability expresses degrees of belief in a specific event happening. The amount of belief can be determined by prior knowledge about an event, like results of similar events in the past, experimenting about potential outcomes, or
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Moving averages are not predictive they are reactive to price action. They show trends on charts when they go vertical and can show that price is in a range when a moving average is horizontal. Moving averages are technical trading tools. The answer to “Which moving average is best?” is the question “What’s your time
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