A Hybrid Approach to Price Action Breakouts
In this post we’ll discuss a hybrid approach to price action breakouts, as discussed in our 2023 SharkWeek presentation. To learn more, watch the video or continue reading below: Discretionary trading is largely based on fear and greed, i.e. the human sentiment that traders experience from time to time, as reflected in price action setups.…
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…
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…
Pivot Point Trading: GLOBEX vs. Floor Session
When discussing Pivot Point trading, we often get the question: “Should I use GLOBEX or Floor Pivots?” The short answer to this is that both GLOBEX pivots (ETH) and floor pivots (RTH) can be used for most instruments. Still, there are some exceptions where either ETH or RTH pivots do not make sense. For currency futures,…
Why you don’t need to update your Session Template now
On September 20, 2015, index futures and NYMEX traded instruments changed their trading times to close at 4:00 PM Central, 15 minutes earlier than previously. Generally, we want to adapt our NinjaTrader session templates to the contractual trading times of the market. However, when market hours change, we need consider which is the appropriate session…
Bloodhound Trading Strategy Workshop
This post features a Bloodhound trading strategy workshop using the LizardTrader leading indicators. During this webinar we went over a step-by-step process to qualify the type of parameters needed for a profitable trading system. We then showed how Bloodhound by Shark Indicators can be used to identify trade setups. If you’re not currently a LizardTrader…
The Bollinger Bands Calculation: Building a Better Model
The Bollinger Bands calculation is a well known and often used method to identify overbought and oversold market conditions. This is done by adding a simple moving average (SMA), and standard deviations bands to a chart. The idea is that about 95% of the trading volume should be within the standard deviations if prices are…
What’s in a name: LizardTrader vs. LizardBrain
The idea for the LizardTrader name came up following a discussion about the Lizard Brain. It is a popular name for a part of our brain called the Amygdala, thought to perform a primary role in the processing of memory, decision-making, and emotional reactions. Specifically, this is where instincts and gut feelings originate. In recent…