
Explore how log scale differs from arithmetic scale, expressing moves as percentages, shifting the vertical axis, and guiding the use of log scale for price patterns and trend lines.
Identify trends by analyzing swing highs and lows to recognize uptrends, downtrends, and sideways markets, and note that trend changes are not reversals.
Identify swing highs and lows on real charts to determine trends, spotting uptrends, downtrends, or sideways moves by tracing higher highs and higher lows, or lower highs and lower lows.
Explore time frames as lenses on the markets, from one-second candles to weekly charts. Associate scalping, intraday, swing, and positional trading with time frames from 1 minute to 1 month.
Explore the main chart types in TradingView, focusing on candlestick, bar, and heikin-ashi charts, while noting that other types exist but are not essential for this course.
Learn the anatomy of candlestick charts, including open, close, high, low, body and wick, and how green and red candles reflect price action between bulls and bears.
Understand technical indicators, mathematical calculations from historical price and volume data, to forecast price movements and identify opportunities using trend following indicators, oscillators, momentum indicators, and volume-based indicators.
Use the attached indicator file in any editor of your choice and paste the code in pine editor of TradingView, as explained in the session video, to apply the RoC based indictor to your chart.
Master a long only swing trading strategy that blends trend following and momentum, using ROC and anchored VWAP for entries and exits with strict risk and position sizing.
In this course you'll learn a powerful swing trading strategy that requires very little time (less than 1-2 hours a week) to identify potential stocks and for trade management. I have been using this strategy on variety of securities, including stocks and cryptos, since last couple of years or so.
This is a perfect strategy for working professionals who may not get enough time to spend on chart reading and analysis but are interested in exploring trading as an option to generate passive income. Over the weekend, you can spend 30 minutes to an hour to shortlist the stocks that might be potential fit for the strategy and setup the alerts to generate trading signals. If you're in a trade, you need to just spend 5-10 minutes a day to ensure trade hasn't triggered any exit rules, which also can be automated using alerts.
You'll find that it's very logical as it's based on the fundamental principles of trends and momentum. You will likely not find this strategy elsewhere as I developed and have fine-tuned it over a long period of time.
This course has been divided into two sections.
First section covers the basics of technical analysis and chart reading relevant to this swing trading setup.
Second section covers the strategy in detail along with plenty of examples using stocks, indexes, forex and cryptocurrencies.
IMPORTANT:
If you have been trading for sometime or well versed with technical analysis then you can skip the first section and directly start the second section.
This strategy requires use of indicator-on-indicator or custom pine script, if you use TradingView. To use these features you may have to upgrade to a paid plan. However, if you can achieve the same using your existing or any other charting software for free then you can use that as well.
Disclaimer: Trading is subject to market risks. Note that trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before implementing any trading strategy.