{"id":4477,"date":"2021-05-12T04:27:13","date_gmt":"2021-05-12T04:27:13","guid":{"rendered":"https:\/\/afluxcoin.com\/27\/the-only-3-technical-analysis-tools-youll-ever-need-to-increase-your-profits\/"},"modified":"2021-05-12T04:27:13","modified_gmt":"2021-05-12T04:27:13","slug":"the-only-3-technical-analysis-tools-youll-ever-need-to-increase-your-profits","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/zh\/27\/the-only-3-technical-analysis-tools-youll-ever-need-to-increase-your-profits\/","title":{"rendered":"The Only 3 Technical Analysis Tools You\u2019ll Ever Need To Increase Your Profits"},"content":{"rendered":"

Backtested entry and exit strategy.Photo by Maxim Hopman on UnsplashOriginally posted on lifestylemaniacs.comSo you decided to give trading a shot. You probably learned the basics; if not, I encourage you to watch some YouTube videos, take some courses, or read a book on this topic. I left some useful links as you can see.I watched YouTube videos and followed the course above, and there is a lot of information that overwelled me. After 3 years of trial and error, I finally found a minimalistic chart layout and trading strategy that brought me consistent rewards.I backtested this layout and strategy on multiple markets (individual stocks, ETFs, commodities, crypto, forex), and I always got an average win to loss ratio of 2. This means I had at least 2x more wins compared to losses.Before we dive into the tools, we first need to make some considerations:1-Day Heikin Ashi ChartWe will always use the 1D Heikin Ashi chart. We will never bother checking 1-Hour or 1-Minute charts, nor regular candlestick charts as they are filled with noise and they are hard to interpret.I found the 1D Heikin Ashi chart is the most accurate and granular at the same time trading chart.Buy: green Heikin Ashi candle without a bottom wickSell: red Heikin Ashi candle without a top wickShort\/Medium-Term investingWe will focus on short\/medium-term investing because we will see corrections along the way. For instance, although we are in a bull market, we may see a downtrend last for a month. It is crucial to be patient and stick to the plan during these times.Fundamental analysisFundamental analysis (e.g. cash flow, news, hype, underlying value) will always beat technical analysis. This is why before investing, we also understand the underlying value of the asset, if any.We also try to understand the market cycles, read the weekly\u2026<\/p>","protected":false},"excerpt":{"rendered":"

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