Yeah I use technical too, sometimes price action, I didn't get"Look for confluence to make my trading decisions" what do you mean ?
favorite technical indicators
- Thread starter eleanorK80
- Start date
What are some key considerations when using Cumulative Delta Volume and other volume-based indicators in trading strategies
Looks like your CPA had a 'chart attack' moment! Did their favorite stock leave them speechless and lost in a sea of confusion? Maybe it's time to consider becoming their financial advisor instead! LOL%%
I showeda chart to my CPA once of his favorite stock + was just a blank stare =LOL
I think he was so used to working on tax numbers, he was just interested in fundamentals + numbers , price, dividends , no pics, no moving averages, or don channels.....................
I enjoy all of the above, with joy ,mostly
Everybody's been down\
hit the ground\
stay in the fight ,to the final round
=Mandisa Overcomer >51,777,888 million video views
"my favorite ones these days are MA and Ichimoku
Confluence just means a combination of trends, support and resistance levels, candlesticks align. When they all line up, there is confluence and that chances of getting into a trade via pullbacks as an example, has a higher chance of success. You can also, add indicators to that, like moving averages for instance and take that into consideration as well. So, XYZ stock pulls back to say the 20 day sma, which also, has strong support at that price level, candlestick is bullish engulfing. Once, that stock moves higher, it is a good time to get into that trade on the long side.
It's like the secret ninja of audio processing, swiftly kicking those low-frequency sounds out of the mix. No need to explain, my friend. I'll embark on a sonic adventure to unravel its powers and witness its magic firsthand
When you say these days which days are you referring to?These days I m into Ichimoku and MA I don't know why)
When you figure out why you can let us know.
%%Looks like your CPA had a 'chart attack' moment! Did their favorite stock leave them speechless and lost in a sea of confusion? Maybe it's time to consider becoming their financial advisor instead! LOL
my favorite ones these days are MA and Ichimoku
LOL, I think the CPA was just so used to numbers, number lined in rows on tax returns;
+moving average s may have confused him
Good thing i did not show him Donchian Channels
Another favorite indicator, price move$/ in an hour, priced in $,$$$/$[ETFs etc, ETF dividends, money market interest sometimes ..........................]
200 year+ moves.[NO disrespect to the Federal reserve
\1780-1787-1887 +/ 1600-2023 ; copper ,copper circles, copper pennies, half pennies , brass brass circles,[ brass shells, ,brass empty shells, silver, gold, tobacco, beaVer skins, buckskins, wampum[artificiAL WAMPUM= PORCELAN -LOL true]
ACTUALLY I agree with Fed Reserve , Dallas Fed Head said/ monetary policy is like shooting ducks, have to get out in front of them'' I just like the old patterns of money much more diversified , copper, brass, buckskins ...................
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50dma /it front runs a 60 or 65 dma LOL;
200 dma , greatt lag + trends.[copper circles, copper coins going back 200 +/years. [No disrespect intended to the Fed printing paper money]
52 day moving average more or less .........