http://optionalpha.com/signals - Even though we know we can never consistently pick the next direction of an underline stock's movement we can use some basic technical analysis to help figure out where the stock may NOT go in the future which is sometimes more important than figuring out where the stock MIGHT go.
In today's video tutorial I’ll show you my 3 favorite technical analysis indicators; MACD, RSI Stochastics and CCI. Plus, how I have customized each to fit our personal trading philosophy.
Beware though, technical analysis can lead you down the path of "analysis paralysis" if you use too many indicators. I always suggest that you focus on learning 2-4 indicators and sticking with those for the long-haul.
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- Kirk & The Option Alpha Team
Thank you for all the information very useful, I am glad that I found this video that helps me and enhance my knowledge in trading. Especially when talking about indicators. Just want to ask what app you use to write on the screen the one that you show. Thanks a lot and Happy Trading. God bless..
RSI has a caveat you should add. RSI can maintain an overbought or oversold position for long periods of time in which the price can continue to rise or fall. It doesn't allways indicate how soon a reversal will happen.
Excellent Video. However on my CFD Platform when using the CCI Ihave the length at 31 and then the next parameter is Average Length which is defaulted to 2. What does this indicate? The remaining overbought and oversold parameters are set at 100 and -100 respectively
A big thumbs up to the way you have explained. I have a small doubt.
Can I use the same indicators for intraday trading substituting minutes for days. My broker does provide the indicators for intraday charts. I am just unsure of ideal parameters I can use for each indicator in intraday trading
This may sound like a dumb questions but I just started and i'm paper trading right now. When i look at the 180 day 4 hour chart, CCI for a stock is showing that it is at -205 but moving up to the "buy signal" (0). When i look at the same stock on the 5 day 15 minute chart, its already crossed that 0 threshold an is at +13. I want to swing trade but i'm not sure which chart timeframe i should do analysis on since they all change drastically. Is there a common one used by most swing traders? Im on TD Ameritrade thinkorswim by the way. The stock i was looking at was $RXII. Thanks for the help, your video was great for new traders. I was just throwing darts blindfolded until i saw this video.
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.