Advanced Charting Skills for Trading | Damanick Dantes, CMT | Skillshare

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Advanced Charting Skills for Trading

teacher avatar Damanick Dantes, CMT, Macro Trader at Dantes Outlook

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Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

7 Lessons (39m)
    • 1. Welcome to advanced charting

    • 2. Trading Rules

    • 3. Moving Average

    • 4. TD Sequential

    • 5. Momentum Signals

    • 6. Volume Profile

    • 7. Crypto Example

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About This Class

Trading is a skill that requires an edge. Charting tools allow us to measure price action in various markets, from cryptocurrencies, equities and foreign exchange. In this class, students will explore advanced concepts in technical analysis using simple visual instruction. Short lessons and projects will remove complexity and allow students to create their own workstation. As a community, our goal is to improve decision making in trading and beyond.

Before you begin, read my primer on Trend Following

  • Learn to Develop Trading Rules
  • Understand the Simple Moving Average
  • Apply Trend and Momentum Signals
  • Locate Buying and Selling Zones
  • Improve your Trading in Cryptocurrencies

Meet Your Teacher

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Damanick Dantes, CMT

Macro Trader at Dantes Outlook


Hi, I'm Damanick Dantes, owner of Dantes Outlook. This channel offers classes on trading for beginners and also explores techniques to boost productivity and mindfulness. Over the past few years, I've learned that the hardest part of trading is the ability to properly execute a plan and manage risk. With all of the market noise, it's easy to develop anxiety as a trader, which contributes to a significant decrease in productivity.

So, traders must master the soft skills too. Making any bet, whether it's a decision to take a trade or start a business, requires the right mindset to develop, execute, and actively refine a process. And if you get that right, decision outcomes will hopefully be in your favor. Join me on this journey and stay tuned for fresh content and upd... See full profile

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1. Welcome to advanced charting: trading is a skill that requires an edge. Charting tools allow us to measure price action in various markets for crypto currencies, equities and foreign exchange. In this class, we will explore dance concepts and technical analysis using simple visual instruction, short lessons and projects over move complexity and allow students to create their own workstation as a community. Our goal. It's your decision making, treating and beyond. 2. Trading Rules: The first step in determining your trading strategy is a set up, a systematic, rules based approach, and that starts with understanding your objective and your style, and that will determine your timeframe. Preference. And what I mean by objective is what do you want to get out of treating? Are you trading for growth over time? Are you trading for income streams? Are you trading long term, short term day trading, swing, trading or investing? That will dictate what time frame you're gonna be looking at when you pull it. Your charts if you're day trading, which means that you're closing out of positions at the end of the day and your trading for scallops, which means that you're taking short term profits, short term losses. Within that day, you're gonna be looking at maybe 5 10 15 minute, 30 minute charts. Whereas if you're swing trading, holding positions, maybe for a week or a little bit longer than that, sometimes maybe a month or two you're gonna be looking at the daily charts or the weekly charts or both, and you want to stick to those time preferences don't fluctuating between because it's gonna create a lot of noise and a lot of competing thoughts within you as a traitor. If you're looking to invest, you're gonna be maybe the slower approach. We're gonna be looking at trends and you're going to be focusing on the daily weekly monthly charts. Those longer timeframe charts and you gonna have much wider rooms for profit potential. And your ability to get out of a position is going to be a little bit wider because it allows the time preference to manifest. We're also gonna be looking at defined trigger points for your entry or exit signals. You're going to be utilizing some of the tools and signals that I'm gonna be talking about a little bit to determine when you're going to get into a position and when you're gonna get out. So those risk parameters is going to give you that tradable range to be able to follow. You're also gonna be looking at a basket of signals to provide you with price trend or momentum signals, and you're also going to be looking at flexible trade management. So when you get that entry or exit point within that space of time, how do you manage trade? We're going to discuss that so objective, as I stated earlier day trading, swing, trading or investing, and I categorize this an order of maybe importance, and these could be used simultaneously. But typically, you know you want to focus in or replace more wheat on some of the indicators giving your time. Bring preference. So for day trading, remember, that's if you're closing out of the position. At the end of the day, you're looking at very, very short term movements on. You're gonna focus in on the 5 15 30 minute charts for momentum, which is a speed of price change. You're going to probably be using a flexible or, um, quickly changing indicator and oscillator calls. Got sticks are also probably using a Mac D, which shows you where the momentum is heading, whether it's gonna be bullish or bearish below a zero central. And then you're also gonna be losing a moving average to show you trend, direction and support resistance. If your swing trading intermediate term, you're probably gonna place more emphasis on the Magothy indicator than a moving average volume profile to show you some areas of good supply, selling pressure or demand buying pressure if you're looking to invest. Remember this slow moving process? You're definitely gonna be zeroing in on a moving average, then maybe the Mac D and a TD sequential toe. Look at price exhaustion. When you want to lighten up positions, maybe take a profit. Things like that don't help you within that treaty. When we're looking at reward to risk, you definitely want to limit your loss and increase your chance of profitability. Every trade that you take is going to be defined within a range that will provide you with favorable either 2 to 1 war to risk or 3 to 1 reward to risk per trade. And that will equal up to your total amount of reward to risk. So this is an example here, maybe about 10 trades, your losses, they're all gonna be capped. And your winds are all going to be pre calculated at about three times your loss amount. So here we take sequential trades going down to 10. You've got about a total loss of about five K. But then your total winds were 15 k 3 times the amount that you were willing to lose, and that's a pretty much good work reward to risk ratio of 3 to 1. Going forward side allows enough wiggle room for price to actually confirm direction, and it also allows you the chance to limit your losses, but also keep track of your gains going forward. And as a simple example, let's see if you inter traded about 20 bucks and you're in a you know the place or stop it around. Maybe 18 bucks to dollar loss and in your exit will have to be about 24 bucks for $4 gain or twice the amount of that law. So that gives you a 2 to 1 risk reward or reward to risk ratio and gonna keep that consistent as you go forward. And you also want to adjust this reward to risk ratio and you're maybe stop or your entry or exit points as the trade develops and we'll move into that a little bit further down in lessons, and you also want to trade within these risk parameters and not move away from it. So you don't want to take excess risk on a trade to, you know, move lower from your ward tourists because that doesn't make sense because it's not systematic. You can't repeat that. Going forward is gonna take sound money management discipline to be able to keep track and also stay truly objective on treating and to develop a rules. And we'll move into some of these indicators a little bit more. But this is a very good slide, just a screenshot, or go back to in terms of determining what makes you go long or short. And what makes you confirm these signals? So I tend to look at for a long entry price breakouts when price confirms a direction above from an exhausting period or are signals that shows a supporter resistance. We're gonna be looking at the man zones and these air notes from a volume area. So the most trading activity occurred during these nice demand zones. We're also gonna be looking at bullish engulfing patterns when price exceeds a prior range . That gives us confirmation that buyers are in action. We're also gonna be looking at moving averages. So when price breaks above an average period of 30 or 50 periods ago, that gives us confirmation that there was bullish activity to the upside. We're also gonna be looking at a bullish Mac D cross above the zero line, which tells us that momentum is shifting positively as opposed to negatively and a slow sarcastic, which is this bottom indicator. Oscillator here, across above the 20 Green Zone gives us confirmation that there is a short term trigger to the upside. And, ah, 40 period is probably the midway Teoh, this oscillator zone that tells us whether or not you know you're trending negatively or your training positively here. Andan the short entries exact opposite of that. The thresholds are 80 for overbought and about 20 for over soul, so that gives you some little. It basically puts all of this price action within these bounds so you can trade off that, and we'll zero in on these indicators in more detail going forward. Secondly, I also look at confirmation so the TD sequential bars here show price exhaustion or it could be support. Order our resistance on the chart. The volume profiled here shows fresh demand and supply zones, and we also look forward, especially if you're investing some macro indicators. What's the context like? Is this a bullish or bearish scenario in terms of what's going on in the investment climate , and that'll give you some confidence as to whether or not you feel comfortable with the way things are going on. The macro perspective and that will put some of the indicators into more context. So here you can follow the long entry, going long above the 30 period moving average and are indicators were shifting positively. And then here on the outside, you see the going short indicators were breaking down below the 30 period moving average leg of a momentum below the zero point. And then also the scholastics has been capped below maybe 50 or so and then giving us. You know that selling point here, but it's failed to make new highs, which is telling us that we're in this negative, supply driven market. So that's an example of the rules. Take note of this as we move forward, I'll definitely going back and forth and excited to move forward 3. Moving Average: the determined trend direction and also heart moves to entry or exit. I tend to rely a lot on moving average. It's really simple, and we'll talk about some of the dynamics here. So trigger points, meaning my decision to inter trait or decision to exit a tree is really based on a break of the moving average. Or sometimes I use it as confirmation for trying direction. So for above the moving average, things are looking foolish. Below the moving average things were looking marriage. Now I tend to use either 30 period, simple moving average or sometimes a 50 periods of moving average. 50 period is probably best for investing or a long term approach. Whether you're looking at a 50 week moving average on a weekly chart or a 50 month moving average on a monthly chart, the 30 period moving average will be best for intermediate to swing trading daily 30 day moving average. Or, you know, maybe if you're looking at a four hour chart, good 30 period moving average might be best. It's more adaptive, moving average, as you might know, because this is advanced course. It's calculated by adding up the last of the 30 day period, closing prices and then dividing that by UM X or 30 or 50. So it gives you that average movement over 30 periods or 50 periods ago. The objective of using a moving average is really to reduce the amount of noise on the chart. So sometimes some traders, when they might even do when they're analyzing price action. Maybe during a weekend, they might use their charts to just remove price bars completely and just show the moving average because that shows you the overall direction of the trend. Whether it's sloping upwards or sloping downwards, it gives you a feel what price is doing relative to 30 and 50 periods ago. Thank you. See more comfort in making a decision. Also, you might want to just look at the price again, just moving through that moving average to give you some sense of where the buyers of the sellers are moving in direction relative to the price 30 periods ago, so displays this trend direction by slope. We're gonna use the moving average to determine the trend and provide confirmation for entry and exit points. And it's have this little example here, just a show, you know, 30 50 period moving average over this price change. You can see the price interjected above this moving average that gave us a long entry so long. And then you wait for when the price goes below that moving average to go short or exit that long position. Sometimes some traders would do, and I do this as well. Let's draw this support line, which then becomes resistance. That gives us an early signal as to whether or not you maybe wanna lighten up positions and then take out the position totally and maybe switch short once you get that confirmed move below the 50 period moving average. And that's really short. But I just want to show you. There we go. I just want to show you a an example of, maybe for some of the investors out their gold positions, maybe for a little longer than a few months, the trend following approach. So on my blog's Dante's outlook dot com, you can go through the market insight blawg, and this just shows me Every month I published a little thought piece on what's markets, what the market's doing, maybe some approaches that I use This is an S and P 500 e mini futures chart. This is a weekly charts or every bar here represents a week of trading activity. Here you can see the TD sequential, which we'll talk about in the next class. Price exhaustion gives you an opportunity to maybe lighten up on positions. But let's say, you know, after the 2008 financial prices, your portfolio overall has gotten long because we moved above this 50 period moving average . It removes hindsight bias. Because even though you got in these little wiggle room periods of consolidation on the chart you've gotten in, your trend signal was long From you know, this this Entry point park so far away that doesn't really matter when you got in, it just gives you confirmation of whether or not trade is active within the trend direction that the moving averages firming. So even if you got in, you know, uh, you went short around here, your losses air limited because you know you're going to get back in once it the price firms above this period moving average, and you going to stay in that position so long as if the moving average 50 period moving average on a weekly basis has confirmed the trend direction upwards on its opposite. If you know you go below the 50 period moving average, maybe 2000 and eight and this confirmed direction below that until you get right back above that 50 period, the average. So it gives us some sort of simple directional approach to trading. You want to follow those rules, and again, you can use something else, like a TV sequential, to manage that trade accordingly. Whether you want to lighten up, you know your profits. Or, you know, look for opportunities to laying up a short that gives you some directional comfort or bias . And then again, you know, if you're using more a shorter term approach, you definitely want to be more concentrated on momentum as opposed to trend, and you fluctuate in and out of that position. So that's moving averages simple approach, but you definitely want to follow it and give you confirmation. Once you're in that tree, 4. TD Sequential: So next up in our toolkit is the TD sequential indicators. TD's control. I use it for price exhaustion when the price is running out of steam. On the upside or downside, it gives us a confirmation or a signal that things might be changing. And what we're looking for in the TV sequential is are completed. It set up, which gives us a number nine count board, might just on the chart. It might give us a nice little dotted area of support or resistance, and we'll take a look at that in the future. We look for qualified TD by set up or a T cell set up, and it's initiated with a what something that they call it Price Flip and its winning The close of Bar one is lower than the close of four bars earlier, and that sets up a countdown and the countdown is perfected when we get a number nine. When the ninth bar is closing lower than the fought, the fifth bars, close or four bars earlier, sequentially upward down, and the countdown is then completed with a 13 because I don't have maybe the full count down on the trading view dot com, which will show a little bit later. We don't get the full 13 count, but we what we do get is a set up of a nine count that gives enough of a signal for either a pause and direction. And it's good enough to signal a reversal. I think. Usually some advanced traders use Bloomberg for the 13 count. That's more definitive, and that's mostly used for a longer period. Term charts. Sometimes they don't work. Price can just go through it, or you might just get a lot a light pause, but im you tend to use it when you're lighting up on positions. When you're investing in the shorter term period, it gives us a good enough signal off of giving us some leeway within. You know, that's why you got to calculate the reward to risk in terms of the range of that trade. So it tells us whether or not you want to think about entering a position based on that night exhaustion or when you want lighting up a position based on that night exhaustion, maybe to the top of the bottom. So overall, the objective is to identify condition or when Ah, market is primed for a reversal in the near future, and we're gonna use it to determine our price levels. So where prices setting up for maybe a pause, a pullback or reversal. And also Teoh signify areas of support resistance on the chart. You can also use it as stop point. So when you're any trade and you see a countdown, that's inaction. You're gonna wait for that ninth count to tell us, you know? Okay, that's gonna be my stop point. And it also uses it as a period, um, of reference. So it sets up this reference point on the chart, which is gonna be support resistance from a prior ninth countdown that shows us, You know, this is a point on the chart that you wanna stop out. If the price goes back down to that and we'll look at that here, it might sound a little bit confusing, but you know this one chart to give us a little bit of of how this works. Area C, the countdown starting out from one. So this was lower than the price. Maybe four bars ago. 234 all the way up to nine and this ninth set up on the on the overall countdown of 13 gives us the point of where you know, the price might pause were pulled back. And this is where you used some of your trend, your momentum indicators to confirm whether or not this might either continue upwards. You know, this is premature. It's not really that big of a deal, But you might want us maybe lighten up here and then you see the flip forward to the 13 and that's more of a definitive count. That's going to give us a more lengthy pull back. And you're also going to use that from the ninth point here. That gives us some nice support zone or this buffer of demand and the continued countdown up. You're gonna get a nine here in this brief pull back from this ninth period here or eighth period. That gives us a nice range of supply. And then, you know, the price then tends to go down, and this prior point of support would give us some buffer to, you know, maybe lighten up or think about going long again. So that's the countdown will see a little bit more of action. You know it's tough toe follow a little bit, but, you know, you just really look for those nines or thirteen's and on the chart. Sometimes you can either just get rid of the numbers completely, which is what I do. And just use these prior points of references where support and resistance and you can see when the when the color bars are forming on a chart real time. That tells us when you then that number nine has appeared without it, actually disrupting some of the visual representation of price moves. So we'll see it in action. It's just an intro how it's calculated, how to use it and why we're using it in the first place. So that's TD sequential. 5. Momentum Signals: momentum measure is the speed of price change relative to certain periods ago, and there's two calculations that we're going to be using to measure momentum. It's either gonna be the Mac D or the sarcastic. The Mac D or the moving average convergence divergence is really measured above or below the zero line to confirm bullish activity positively or bearish activity negatively. And we rely on the crossovers to show us areas or signals of going long or going short. It's calculated by using the 26 day, exponential moving average minus 2 12 gauge exponential moving average that gives us the Mackie line. And then a signal line is a nine day, exponential moving average of this Mackey calculation. The signal line is basically the solar line that's here, and Mac D Line is either confirming negatively in red or positively bullish and great. And when these two lines cross above or below this, the zero threshold this tells us whether or not you want to go short or long or confirming . You know, a Nim pols positively or negatively the objective of using the Mac D's measure bullish or bearish momentum shifts, and we're gonna use it to confirm trend direction, either positively or negatively, based on the speed of relative price action on, and that's a bullish repair signal. So here, for example, in May and Google, you got in a, you know, momentum shifting downwards but still positive, and it's held onto that zero line. And then we got this impulse move upwards in this long period of green shows us that we're in this bullish trend direction, with buyers increasing the speed of price movement. Relative Teoh 12 or 26 periods ago and then here is seeing some of the flips, but it's still positive, you know, And then here it's it's going negatively, but it hasn't really confirmed a bearish direction in terms of trend. Until you broken down from the zero threshold to look at something that's more sensitive, we're going to implement a momentum oscillator or the slow, sarcastic sand I use slow because it's it's less shopping and remove some of that noise and we'll talk about some of calculations of why it's low. We're gonna rely on some crossovers between these two lines are overbought or oversold thresholds of 20 and 80 or you can also use it Sometimes it stays over border stays oversold in trending markets above or below the 40 point or 50 point in some periods. To calculate the slow to cast its, we're gonna take a three period moving average of the fast stochastic calculation. Not gonna go into the details of the math behind it, but basically it's comparing the close of a high of 14 periods and the low price point of 14 period range and a percentage percentage to create these bounds of 22 80 overbought and oversold. The objective of using the sarcastic or the slow stochastic is to compare the price close relative to the price range over 14 periods ago. That range is defined by the high in the low. We're gonna use the slopes a cast six to signal an increasing price movement towards or within in overbought and oversold extreme. And it gives us an additional trigger. That's, ah, a little bit faster moving. So sometimes you know you're gonna buy signal here. Let's say we're around this 20 point oversold to Price and Google got oversold around December, and we got this by signaling the sarcastic don't prematurely inter trait just because the slow Cicotte six has given you by. You want to get a little by with a confirmed moment, momentum or Mac D signal in green, and that will give you, you know, some area. It basically shows you when trading activity on the downside is slowing, so the downward pressure or the buyers or the sellers are losing steam. This gives the buyer some area to enter, and maybe we could compare it to the Mackie in December. Ah, I don't know. It's not really on the same time front. But you know, in any case, it during this time in December 2017 you really want to look for the Mac D, confirming with the Mackie signal line moving over the Mac D line in green. So you're getting a green shot, Mackey a buy signal so Scott sticks. That gives us a momentum positive, and then you want to overlay that with maybe the 30 period moving average TD's Quintal. If you're in a good fresh volume profile, the man's own. We'll look at that in the next session, and again, you know, it's just the weight of the evidence momentum shifting positively or negatively in your favor. Easy comfort of whether you're going to go long or short position 6. Volume Profile: The final step in our system is to use volume purple. It might look a little bit Bunky, but it's actually really simple. I just use it to confirm supply and demand zones where buyers air active, where sellers active relative to three overall price direction. Right? So the volume profile is either categorized by the point of control. You have a profile, I in a pro, quite low. You also have extreme value areas, or what I call volume knows volume nodes or just where you know these points of references are peeking out, basically shows you where most of the trading activity occurs, and that gives you point control of where the fresh supply or demand zones on the chart. And you want to use that in conjunction with some year moving averages. Your T's punches supporters this since and where you know momentum is increasing and here you know it was overbought, but it's overbought on up trying, so I know you really can't see the full price, but you basically see price above the 30 period moving average off this volume note, and that gives you a nice confirmation of support. And now it's into this sort of light volume traded period where you want to look for maybe some exhaustion. You got that exhaustion? T sequential nine bar count upwards. So you're in this positive momentum period, but might want to lighten up a little bit, giving this low volume zone off of the support, and you want to use your 30 period moving average as your sort of trigger point back to the volume profile charts. It's basically calculated by taking the highest treated volume zones during a specified time periods, wherever you have on the chart. Maybe if this is a daily chart that daily a range of prices going to take that all into its calculation to give you this volume profile on the upper on the right hand side of the chart, and it's the range of price levels of about 70% of the volume traded during this time period, it's ah, it's going to give you this range of volume zones with supplying the objective of using Valium. Profile charts is so identifying value areas of support that's going to go to demand and the resistance, which will be the supply. We're gonna use this to confirm active ranges for buying or selling interest. All right, so within the 7% volume traded here, they're gonna have these areas of extreme volley or extreme price action right here at the nose. Lower volume periods right here between the nodes and then extremes value areas of sorts that's going to be either color coded outside the these knows areas, right? So just price cushions in a way that you're gonna use for confirmation. You don't directly trade off. It's sort of after the fact the last step in the game. You know, you just want to take a peek at value profile. Sometimes I don't even use it. Um, but it's just an area confirmation, all right. The less indicators the better. Of course, You know, some traders just use the moving average. Some just used TD sequential and maybe just take a peek at moment to more peak up volume profile. But whatever you do, you want to remain consistent and get a feel of what works for you. You know, these some tools in the toolkit optional, of course. But you want to create a systematic approach, and overall, you want to follow the tread and you want to get in when momentum is receding and giving you the sort of bicycle. And you want to get out when momentum is shifting in the opposite direction and you got confirmation from your triggers or you're you're moving averages. All right, so now we're gonna have a little bit of fun and go through some charts and create a workstation. 7. Crypto Example: All right, So for crypto currency enthusiast, this one's for you. In order to set up our nice trading workstation, we're gonna log into trading view dot com, navigate over to the chart area and entering any ticker symbol. You're gonna get a standard chart. You can change the format of the chart by clicking on this little to, like on chart properties. And I like to go dark. Some people like to go light. You can also change colors of the wicks, the borders, the candlesticks, you name it, make it as comfortable visual appealing to you. But the important thing is that you're gonna be using your indicators structuring your trade, getting as much information as you want on your workstation so that you can be able Teoh manager trades accordingly. Um, what you can do on the side here is have a buyer. So execution panel, You could also have a watch list. We're looking at different currencies or different markets. You can also have some details. This is really cool. It shows you the bit in the ass. Basically the competition between buyers and sellers at certain price points and certain volumes or the number of I guess, contracts that there willing to offer or buy at a particular price level and you can see it relative to the day's range. So Bitcoin is extremely active, especially after this break on Ben, you can see some news. That's pretty interesting. So it's a wild, Wild West market with terrorists and other stuff, but, um, yeah, in general, you know, this can also be noise, but you wouldn't just definitely focus on the chart and on the chart here in order to include the indicators that we just talked about, like moving average the Bhakti sequential willing profile. You just navigate over to indicators and type it in for the Mac D. What I use is a cumulative Mac D flow. Now, in order to get, like, the color, the particular format that I've got, you just type in CME. I think ultra uh, see you when you see Mac D cumulative. Okay, underscore you. There we go. All right, So, cm underscore, you gonna get Chris Moody and cool thing about trading views that's got standard indicators that are built in. And then it's also about a public library toe where others quote different indicators or tweet different indicators based on different programming that they put in. So, you know, if they figure out, you know, I want a faster moving Mac D, or so have you different strategies they can build in, and they share it publicly with the communities. You can implement it on your chart, or you can even write a script, which is pretty cool, too. So if you know programming and you know, you've taken some of the stuff out of the tool kit and you want to adjust it and maybe back to ST you can also run your own script and use the plane editor to create your own strategy , which was really, really cool. Um, so, yeah, so once you implement that, especially with the moving average, you can definitely click on the format to change it. So I think the standard I don't know what they're gonna put maybe five period moving average, but you can always change it the 30 or 50 there on and then change the color and the style . Um, yeah. So my stuff is pretty standard. I just changed it, by the way, to make it more visually appealing for me to signal things, but, you know, do it as your liking. Um, but, you know, it's a pretty cool platform just to organize information. Such what I do like to do is hide this. So, uh, go properties and then background check off indicator titles. Awesome. See? Much more clear. So what? Bitcoin. It was interesting. 30 period. This is the daily charts, the 30 day moving averages, what I like to look at first. And if you go way, way back, you can see that the 30 day moving average, or maybe 50 days might be a little bit better. But 30 days live it, you know, good for trading has been fairly consistent. So prices breaking above price break below negative or positive here was interesting. All right, so we had some breaks below the 30 day moving average, but it was quickly absorbed upwards, especially within these fresh volume zones. Mac D hasn't really gone negative. It's really held this uptrend above or within the zero bound stochastic says. Gotten oversold at some points, but it's been really, really receptive along Pullbacks for the long haul. However, it's been weighed down by this trend line of resistance here and then it became support around here. So the first signal that I have gotten in was, you know, the 30 day moving average was fairly consistent around here. We got these exhaustion signals so nothing would pull that up The background indicator titles to show you the TD sequential countdown in action. So you go to inputs and include the numbers. These are the numbers that I was talking about earlier slide. So as it gets to number nine, it really color coded to show you. You know, when you got that exhaustion signaling plate, sometimes it does not work, right. So here we got it nine. And maybe that was just a pause. But, you know, you were in this high momentum period. You got this by from sarcastic is and you got to respect the uptrend. We didn't get any breach of the 30 day moving average, but at at minimum, at least, what it tells you is you wanna lighten up on positions or there might be a pause ahead. It's not gonna tell you exactly when that's gonna be, but you got to use the weight of evidence in time. Your trades accordingly. So even though. You got the 90 air. You know, people can be super positive on this, but you're waiting for that turning point and you know it's coming up and and that I ended up occurring over here. Right? So this was probably a 13. I'm not to sure. I'm not gonna put that out there, but, you know, we know that the countdown extends to 13. It does not end at 99 is pretty much the turning point for our own trading purposes, right? Like over here is a really good signal. We stopped out at this supply liners resistance line, but then we also got captured backup of the 30 day moving average. So at any point told us a lighten up within the long trip. Um, now, let's get rid of this indicators titles. So here was interesting. The numbers stuff had gone there. Which is interesting is that we got an opportunity to lighten up. But we've got this series of lower highs and a breach of the 30 day moving average, and it's been extended with extreme selling pressure. We have this sort of base support, but then it's break, and that's pretty negative, right? So Bitcoin is going through this transition, and here the value profiles gotten thinned out. So what I call what I tend to call this range when you've got this little like value opportunity for sellers is when things get extremely overbought in the way is this price of vacuum right? It's not gonna stay there for the long haul. It's gonna really mean revert down to these areas where there was heavier price action. And here, which was interesting, is we got this price divergence and price divergence means that when the price is telling you one thing where it's trending in certain directions, making higher lows, higher highs and momentum is not confirming that that's an early tell signal that price is going to converge with the momentum indicator here since November of 2017 they got these lower highs on the scholastics, right? It's approximate or so, but then you know, Price. And that was maybe around here, right? So Price was still marching upwards and you got this TV sequential. That's a tell sign that, you know, things were not looking good and the Mac D indicator was converging towards the signal line and then give us that sell single until here. You're gonna wait until this turns red. He got this divergence. He got a cell signal here, and then he got the breach of the 30 day moving average around here, but then he came back up. You're gonna really wait for the next signal. Tell you, you know, sellers are really respecting this this trend shit. And then here I just connected on the lower hives and this sort of based support where price action was finding comfort within this price of and then you got this significant break, and that's telling you that the sellers are now in control of a Bitcoin. And, you know, if you wanted to make a 3 to 1 or so, we're tootle on and reward to risk. You want to use the trading panel, and this is just paper trading. So, you know, you execute this on aje tax pot, former whatever, but you know, you would set maybe a market a limit is just you know, the limit price that you want to enter the position at. Let's just do market. You can entering your stop loss and your take profit zone by using the indicator of price points. Right. So you stopped lost with Probably you would enter in the price of about maybe 11 8 90 So 11,000 energy 90 around. You know, your prior reference point from this TD sequential exhaustion. So that would be your resistance on. Then you would implement that. You would type that in here. Your take profit point would be the price. Maybe around the nearest volume notes. That would be a little bit more conservative. Probably put 8000 or so and I will give you about a 2 to 1. Driscoll would. Right. So you would do that. Place your cell. And, you know, you get out with that comfort of knowing that your reward to risk is at least 21 and, you know, we've got this negative confirmation on the Mac D. Even though Scholastics might turn up. It's probably gonna be negative for a while. And you gotta respect the trend ship until it's confirmed otherwise. All right. Interesting point is that I'm gonna get rid of these numbers and hopefully this, but you won't be too long. Okay? A sequential those numbers green. The interesting point is, if you look at either or ethereum. E T H u S d You want to go on the Queen based one? Um, we snapped back from the 30 day moving average a bit. So prices now above the 30 day moving average. But it's in this extreme sort of values on for sellers. This high stock you still but is looking better than Bitcoin. Not in this declining momentum shift but still positive above zero. Stochastic six is leaning over. It's probably giving a little bit of a divergence here, so probably a lot more room to get oversold, right? Remember this quick changing and you want to look for moves, you know, it's still above the 50 point, so it's still trending positively, Um, but it's it's vulnerable, right? But it's looking a little bit better than Bitcoin.