emq training solutions1 module 3 session 1 – basic indicators session 2 – basic japanese...
TRANSCRIPT
EMQ Training Solutions 1
Module 3
Session 1 – Basic Indicators
Session 2 – Basic Japanese Candlesticks
EMQ Training Solutions 2
Session 1 – Basic Indicators
Bollinger Bands
Variable Channel
Setting = 12:2
Indicates volatility and direction in market
EMQ Training Solutions 3
Bollinger Bands
Upper Resistance
Lower Support
Bottle
Neck
EMQ Training Solutions 4
Session 1 – Basic Indicators
DMI (Directional Movement Index) Indicates direction in the market Setting = 3 Green up through blue = Green down through blue =
EMQ Training Solutions 5
DMI
More Bullish
More Bearish
EMQ Training Solutions 6
Session 1 – Basic Indicators
Raff Regression Channel Indicates direction of trend Shows current support and resistance levels Setting = 13
EMQ Training Solutions 7
Raff Regression Channel
Upward confirmation Downward confirmation
Trend is Bullish
EMQ Training Solutions 8
Raff Regression Channel
Upward confirmation
Downward confirmation
Trend is Bearish
EMQ Training Solutions 9
Session 1 – Basic Indicators
Stochastic RSI (Relative Strength Index) Indicates direction of market Setting = 14:3 (Default) Indicates Divergence as well as
Convergence in market Indicates direction of trend
EMQ Training Solutions 10
StochasticRSI(Relative Strength Index)
Upward Trend
Long Trade
Short Trade
EMQ Training Solutions 11
Session 2 – Basic Japanese Candlesticks
12 Major Candle Patterns 6 Bullish Patterns 6 Bearish Patterns Indecisiveness
EMQ Training Solutions 12
Basic Bullish (UP) Candle
BODY
Highest
Lowest
Close
Open
Shadow
1 Candle = 1 time period
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Basic Bearish (DOWN) Candle
BODY
Highest
Lowest
Close
Open
Shadow
EMQ Training Solutions 14
Bullish Engulfing Pattern
Big Candles
New body engulfs previous body.
EntryEntry
EMQ Training Solutions 15
Bearish Engulfing Pattern
Big Candles
New body engulfs previous body.EntryEntry
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Piercing Pattern
Big Candles
New body opens lower than previous body but closes more than midway.
EntryEntry
EMQ Training Solutions 17
Dark Cloud Cover
Big Candles
New body opens above previous body but closes more than midway down.
EntryEntry
EMQ Training Solutions 18
Hammer
Shadow >= 2 x body
EntryEntry
50%
No upper shadow or small
Red or Green
EMQ Training Solutions 19
Hanging Man
Shadow >= 2 x body
Entry after candle closes below shadowEntry after candle
closes below shadow
No upper shadow or small
Red or Green
EMQ Training Solutions 20
Morning Star
Small Candle
Entry after green closes above 50%Entry after green closes above 50%
50%
Optimal Star gaps before and afterRed or Green
EMQ Training Solutions 21
Evening Star
Small Candle
Entry after red closes below 50%Entry after red
closes below 50%
Optimal Star gaps before and afterRed or Green50%
EMQ Training Solutions 22
Inverted Hammer
Shadow >= 2 x body
Entry after next candle closes above shadowEntry after next candle closes above shadow
No lower shadow or small
Red or Green
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Shooting Star
Shadow >= 2 x bodyNo lower shadow or small
Red or Green50%
Entry after red closes below 50%Entry after red
closes below 50%
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Bullish Harami
New body opens and closes inside previous body
Entry after next candle closes past big red candle
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Bearish Harami
New body opens and closes inside previous body
Entry after next candle closes past big green candle
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Indecisiveness
or Dragonfly Doji
Gravestone Doji
Longlegged Doji
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Indecisive except after significant trend:
or Dragonfly Doji after downtrend = HammerDragonfly Doji after uptrend = Hanging Man
Gravestone Doji after downtrend = Inverted HammerGravestone Doji after uptrend = Shooting Star
Longlegged Doji after downtrend = Morning StarLonglegged Doji after uptrend = Evening Star
EMQ Training Solutions 28BullishEngulfing
BearishEngulfing
PiercingPattern Hammer
MorningStar
InvertedHammer
BullishHarami
Dark Cloudcover
HangingMan
EveningStar
ShootingStar
BearishHarami