As a Professional market analyst, I build effective trading strategies using techniques such as indicator divergences, multi-time frame analysis, indicator combinations, and rigorous backtesting.| Liberated Stock Trader
My Ichimoku testing indicates a dismal 10% win rate, underperforming a buy-and-hold strategy 90% of the time. The Ichimoku indicator is a poor choice for traders.| Liberated Stock Trader
Ultimately, for 95% of speculators, day trading is not worth it. Although day traders can make significant money quickly, statistics show that most day traders lose money. Over a six-month period excessive commissions, poor trading decisions, weak strategies, and bad market timing cause losses.| Liberated Stock Trader
The Stochastic Oscillator momentum indicator compares an asset's closing price to a range of its previous prices. It oscillates between 0 and 100; below 20 indicates oversold, and above 80 suggests an overbought market.| Liberated Stock Trader
I tested 23,487 RSI trades on 820 years of exchange data. When configured correctly, RSI can be highly profitable, with a 53% success rate and an average of 65% winning trades. The RSI setting of 14 on a 1-hour chart is the most reliable configuration for identifying profitable buy and sell signals.| Liberated Stock Trader
Our research on 10,400 years of exchange data shows the best day trading indicators are the Price Rate of Change, VWAP, Weighted Moving Average, Hull Moving Average, Simple Moving Average, and RSI.| Liberated Stock Trader
The Hull Moving Average (HMA) is a highly responsive technical analysis indicator designed to reduce lag. Our research reveals it outperforms other moving averages.| Liberated Stock Trader
