The MAD Ichimoku Squeeze
In this post we’ll discuss Ichimoku trend and momentum setups may be improved by using narrow range analysis in higher timeframes. For information on how the Ichimoku trend and signals are calculated, please refer to this post. Qualifying Ichimoku signals by applying higher timeframe narrow ranges is similar to the squeeze setup. Basically, we’re looking…
Pullback Trading: The Good, the Bad and the Ugly
It is said that the main differences between successful and unsuccessful trend traders is the ability to distinguish between good, bad and ugly pullbacks. Another way of putting it is that one should read between the lines… On one hand, you’ll want to avoid trend pullbacks that are overly aggressive. On the other hand, make…
Analyzing Candlestick Patterns
In this post, we’re looking at how candlestick patterns can be used to predict future price movement. Throughout history, humans have used patterns to make sense of the current environment and to make predictions for the future. Our ability to recognize all types of patterns has been essential for our learning process and capacity to…
Reversal Patterns WITH the Trend
The focus of this post is to locate reversal patterns WITH the trend. Specifically, we’ll look at chart patterns indicating an emotional response among market participants. A webinar recording discussing what these price patterns look like, and where it makes sense to consider such setups is available here: When discussing reversal patterns, we‘re looking for…
Trend Trading System Design
When setting up a trend trading system, it is generally a good idea to review the trend bias from different perspectives. Just as with legal or medical advice, you‘ll want to get a second opinion before making a decision. Therefore, you will want to look review different methods for determining trend biases, combining them in…
Swing Trend Analysis
Swing trend analysis is a classic tool you may use to determine the general direction in which the market is moving. Trends are characterized by a series of highs and lows, forming a series of successive waves. Specifically, a swing trend analysis indicator plot connects the alternating swing highs and lows. When a new price…
London Breakout Trade Management
In a webinar hosted by SharkIndicators we’ve discussed trade management for the London Breakout Trade. We’ve covered the setup in previous posts and now return to look at how BlackBird can adjust the stop loss and profit targets. The setup itself is easy to understand and generally, it’s a good idea to work with setups…
A Z-score Trading Strategy and the Awesome Oscillator Indicator
In this post we’re looking at how to create a Z-score trading strategy and look at how it may be used to normalize the Awesome Oscillator indicator values. Specifically, we’ll use the Z-score to condition Awesome Oscillator entries and exits. Normal Distribution & The Empirical Rule If we assume a normal distribution of data points…
Which Renko Bars To Use With NinjaTrader 8 (For Reliable Backtest Reports)
With plethora of NinjaTrader Renko bars already available, one may question whether there’s a need for yet another version. The short answer to that is yes. For example, there are significant issues when applying existing NinjaTrader Renko bars with automated systems. They often generate inaccurate backtest results, which we discussed at length during our SharkWeek…
VWAP Trading In Multiple Timeframes
In a webinar hosted by NinjaTrader, we reviewed one of our most popular premium tools , the Volume Weighted Average Price. Specifically, we looked at how this price benchmark can be used in multiple timeframes. By anchoring the indicator to the daily, weekly and monthly open, one can define institutional price action zones. This in…