Yggrasil shares how he spent 10-15 hours a day trying to learn stock trading. I have the same story. I am learning from the sidelines. Learning from the free stuff and then I got hold of the Blueprint. It has enlightened me greatly of the ways of stock trading.
ZF shares on the interpretation of Fibonacci retracements
- as long as FIBO is 38.% and above, bull territory (more money)
- between 38-50 is bullish bias
- between 61-50 is bearish territory: dumping or accumulating time
- 61.8-76.4% is last chance area; possible bounce play
- below 76.4% is death zone
Rayner Teo shares how to trade on breakout
- breakout with buildup: buildup he means a period of sideways trend
- higher lows into resistance or ascending triangle on trendlines (price going up)
- lower highs into support of descending triangles on trendlines (price going down)
- re-test where he illustrates when the previous support because the new resistance
Trading 212 shares on how to trade on breakout
- breakout means price moves and closes ABOVE resistance levels ad BELOW support levels
- trade range: support + resistance levels
- enter on actual breakout
- pre-set level before the breakout at previous high
- enter when candle closes above the trade range
- false breakout: when price breaks support and resistance and return back to trading range
Here is tutorial on trading retracements by Trading 212
