Superalgos - Tutorial Step - The Big Picture!

Tutorial Step - The Big Picture!

Summary: The 4H chart showed a clear shift in the trend after the breakdown, but... what about the long-term? Let's check the daily chart!

Find the April 10th candle and take a minute to think of what it meant—in the big picture—what we just analyzed in the lower time frames. This is what I see:

The walk: The ranging period we saw from the 7th until the 10th of April was in fact a little walk on the daily upper band. By the BB rules, this means that price is relatively high in this time frame.

Pullback: The breakdown in the lower time frames marked the pullback from the daily upper band.

Continuation: The price action in the larger time frame ended up being a normal pullback and continuation, barely crossing the moving average.

Defining a Trading Idea — TOC

You just did step 20 in the tutorial.

1. Defining a Trading Idea Tutorial

2. Tutorial - Defining a Trading Idea

3. Tutorial Step - Before we start...

4. Tutorial Step - Ready to Mine..?

5. Tutorial Step - Let's Mine Some Data..!

6. Tutorial Step - Why Test Trading Ideas..?

7. Tutorial Step - The Trading Process

8. Tutorial Step - The Appropriate Context

9. Tutorial Step - The Entry Rules

10. Tutorial Step - The Prediction

11. Tutorial Step - The Testing Mechanism

12. Tutorial Step - Let's Go On a Field Trip!

13. Tutorial Step - Are We Up to Date..?

14. Tutorial Step - BB On the Charts!

15. Tutorial Step - Bollinger Bands Rules

16. Tutorial Step - Can You Think of Any Ideas?

17. Tutorial Step - Breakdown of the BBs

18. Tutorial Step - What Else is Going On?

19. Tutorial Step - Let's Zoom Out!

20. Tutorial Step - The Big Picture!

21. Tutorial Step - What Do We Make of This?

22. Tutorial Step - Look to Your Left!

23. Tutorial Step - Wouldn't It Be Nice?

24. Tutorial Step - March 7th to March 12th

25. Tutorial Step - We've got Two Hypotheses!

26. Tutorial Step - What Is Missing?

27. Tutorial Step - Let's Define the First Two!

28. Tutorial Step - Entry Rules

29. Tutorial Step - Predictions and Testing

30. Tutorial Step - Et Voilà..!

31. Tutorial Step - Ready For The Next One..?

Superalgos is an open-source project run and governed by a decentralized community of contributors. There is no legal entity behind the project. Our body of work lives on the Internet.