Charts, charts and more charts
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Phylo
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Demo Account used for coding -
While coding, TSLA has gotten into trouble to the tune of $2,801.92.
A review of below technical analysis - images, One, Two & Three - indicates the uncertainty of recovery of losses and requisite for vigilance to avoid getting into trouble.
The situation is uncomplicated -
Labeling indicator columns for own use is not necessary.
Key:
column 1 - symbol
column 2 - volume (green - buy, red sell)
column 3 - points (green - profit, red - loss)
column 4 - symbol p & l (inclusive of commission & swap costs, green - profit, red - loss)
column 5 - account total p & l
column 6, 7, 8 - symbol current W1 HiLo range or past W1 HiLo range after Friday close, W2 HiLo range, HiLo range over 4 weeks.
One
Two
Three
While coding, TSLA has gotten into trouble to the tune of $2,801.92.
A review of below technical analysis - images, One, Two & Three - indicates the uncertainty of recovery of losses and requisite for vigilance to avoid getting into trouble.
The situation is uncomplicated -
- One and two could happen - losses will increase if the position is not exited prior to an immediate upward breakout.
- Three could happen - losses could be recovered, at relevant point on price descent to - (a) touch bottom range, (b) downward breakout with pullback, or (c) downward breakout without pullback (pullback is not a given certainty).
- If no positions were open, the downward breakout with pullback could offer Buy entry opportunity on the pullback upward breakout.
Labeling indicator columns for own use is not necessary.
Key:
column 1 - symbol
column 2 - volume (green - buy, red sell)
column 3 - points (green - profit, red - loss)
column 4 - symbol p & l (inclusive of commission & swap costs, green - profit, red - loss)
column 5 - account total p & l
column 6, 7, 8 - symbol current W1 HiLo range or past W1 HiLo range after Friday close, W2 HiLo range, HiLo range over 4 weeks.
One
Two
Three
Symmetrical Triangles
Symmetrical triangles are chart patterns that have prices forming between converging trendlines. Read for performance statistics, trading tactics, ID guidelines and more. Written by internationally known author and trader Thomas Bulkowski.
thepatternsite.com
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