Statistics
- +120% portfolio value increase, minimum, YoY over pandemic - NOT trading cryptocurrencies, 'hype' stocks, or other gimmicks
- Focus: US stocks; oils, microchip, consumer beauty, airlines
- Experience: Stocks, CFD, ForEx, crypto
- Actively Trading for 5+ Years
Technique
- Elliott Wave Theory
- Custom-coded Technical Analysis Tools
- Fibonacci Ratios
- Resolution: Daily, 4Hr, and 1Hr charts
My trading technique begins with the analysis of the major timeframes
with increasing resolution; Weekly, Daily, 4Hr, 1Hr, 15Mins, 5Mins,
using indicators, oscillators and wave charting to establish
confluence and find trends.
Particularly, usage of a double MACD with signal colours and signal
line is used in conjunction RSI to understand overbought/sold events
alongside trend reversal. If confluence holds with the Elliott Waves
and fib levels, then a potential trade is positioned.
The trades focus on attaining profits over a few days to a few weeks
using the Daily, 4Hr, and 1Hr charts. Stop losses provide some
security, with TPs usually at 50% or 61.8% fib. Some, if not all
profit is taken at this point, with potential trailing profits upon
re-analysis of the momentum. For me, it is better to confirm most/all
profit upon an impulse than wait for another bullish continuation.