When markets trend down, traders look for signs that a trend reversal signal could be near. The Piercing Pattern candlestick is one such Japanese candlestick pattern, often catching the attention of traders who want to anticipate bullish candlestick pattern moves early. But spotting the candle pattern is just the first step. Understanding its market structure,…
Below is a simple AFL script to detect the Tweezer Top in Amibroker: // Tweezer Top AFL Code for Amibroker SameHigh = (Ref(High, -1) == High); FirstBullish = Ref(Close, -1) > Ref(Open, -1); SecondBearish = Close TweezerTop = SameHigh AND FirstBullish AND SecondBearish; PlotShapes(IIf(TweezerTop, shapeStar, shapeNone), colorRed, 0, High); This script finds Tweezer Top patterns…
NYSE margin debt shows how much money investors have borrowed from brokers to buy stocks. When margin debt reaches higher levels, it can signal excessive market optimism and potential vulnerability to any kind of pullback. Two notable instances are the major market downturns in 2000 and 2008. If you decide to trade on margin, you’ll…
In everyday life, our brains rely on shortcuts – psychological biases- to help us make quick decisions. But when it comes to trading, these same biases can wreak havoc on your results. Have you ever: ✔️Chased a stock because “everyone” was buying? (Herd Mentality) ✔️Held onto a losing trade just because you’ve already sunk money into…
You are reading Spinning Top Candlestick Pattern: What It Means & How to Trade It by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. Traders are always searching for clues about where the market might head next. The Spinning Top candlestick pattern is one of those signals that suggests indecisiveness in markets,…
Below is a simple AFL script to detect the Shooting Star in Amibroker: // Shooting Star AFL Code for Amibroker Uptrend = Ref(Close, -1) > Ref(Close, -2) AND Ref(Close, -2) > Ref(Close, -3); BodySize = Abs(Open – Close); UpperWick = High – Max(Open, Close); LowerWick = Min(Open, Close) – Low; ShootingStar = Uptrend AND (UpperWick…
Life has a way of teaching us lessons in the most unexpected ways. Sometimes, those lessons come not from seasoned experts or accomplished mentors, but from the most unassuming individuals—those who defy expectations and redefine success. This is the story of Robby, a young boy who, despite all odds, proved that love, persistence, and belief…
Good morning, traders! Grab your first cup of coffee as we dive into a market landscape wrestling with tech selloffs, inflation data, and looming tariff threats! 1. Your First Sip: Market Overview Pour yourself a strong one – you’ll need it for today’s market action. US stock futures attempt to recover after Thursday’s tech rout,…
I know you have heard about risk management so many times before. So today, we will talk about a concept in risk management that I don’t see mentioned much on the internet. Do you know your personal P&L distribution curve? Your P&L (profit and loss) distribution curve must be of a certain shape to be…
FII Activity: Bullish Adjustments in Nifty Index Futures Amid Expiry Adjustments Foreign Institutional Investors (FIIs) maintained a bullish stance in the Nifty Index Futures market, actively buying 1,039 contracts worth ₹143 crore. However, the net open interest decreased by 28,703 contracts due to monthly expiry-related adjustments, making it less reflective of fresh directional bias. Breaking…