Welcome! One of the reasons perhaps? https://www.bloomberg.com/news/arti...-day-trader-shows-what-russians-do-to-survive Second I think automation brings more programmers here. We should rename it Electronic Trader soon. Just kidding. My two kopeiki is you must actuslly trade or none of the advise will register. You must live (suffer) through it first to understand. Good luck.
I was taught with the MACD, and so I only use exponential moving averages and MACD. I've never needed anything else, so I haven't bothered learning any other ones.
Trader dante blueprint video on YouTube is pretty good. Always watch it when I mess up and it sets me back on track hopefully what he says can get ingrained in me some time in the future
Thanks for that. I like this guy; he doesn't bullshit, and he trades purely off of technicals, so you know he knows what he's doing. It's great to see someone like that who wants to help others out too, honestly very rare. Honestly, I saw some general videos on YouTube when I started with it, which just defined it and went over topics like convergence/divergence. A lot of what I know now came from thousands of hours of trading (demo and live) and watching/studying charts. I would recommend you dedicate some hours everyday to watching live markets even if you are not trading (depending on your time frame of course), and if not watching, going through historical data so you can see the correlations and how convergence/divergence gives you trade setups. It's honestly not that complicated but it takes time to figure out how to apply it consistently to the price action.
When I find a new edge or approach I backtest it over the last ninety days of data. Can you outline basic principles of convergence/divergence of MACD?