Hello, dear Community!
You have probably noticed that I stopped sharing the articles with manual analytics and technical analysis and changed it to market overview based on algorithmic strategy. My developers team and me developed this strategy which helps me to understand what is happening on the market.
I spent more than 3 years learning how to trade manually. I have studied a lot of useless techniques, like classical TA, simple support and resistance, overbought, oversold on RSI and many other indicators. I realised that classical TA tools do not work properly in defininge entry and exit point. The best way to analyze price action is Elliott Waves approach. If you really want to understand what is happning on the market I think it's the best tool. I have read the book Trading Chaos which gave me the best implication of the Elliott Waves. Only this approach allowed me to make money on the market.
I became a quite successfull trader, but here was the problem. I should wait for the signal for a long time and sometimes the best signals flased when I sleep. It was offensive for me that's why me team in Skyrexio developed the automatic trading strategy. Of course algorithm has lower average monthly ROI than manual, but it's stable and almost always positive. This strategy has lower risk and no emotions which I faced with in my manual trading routine. Thefore I decided to concentrate on developing indicators and trading strategies using Pine Script and Python. Soon you will see my analysis using new indicators.
Best reagrds, Ivan
🔥Follow me and smash the rocket 🚀 button don't miss the updates🔥