The 1000 Follower Celebration

Good morning, good morning, gooooood morning everyone! I hope you are all doing well and are enjoying your week in the market with pending withdrawls ready to hit the routing number. Although I began writing this article on Tuesday, today is Friday! And a very incredible Friday it is!

Why might you ask?

I don't know where to begin or how to correctly express how grateful I am for all of you, but hopefully this celebratory post helps portray that message

As I mentioned on Wednesday, the topics of today's celebration are the following:

1. ResourcesI use (some known, some "you just have to know about it" or niche resources)

2. My full list of TradingView indicators and the ones I use the most

3. A TradingView Strategy I have backtested and used

4. My full TradingView Format Settings

5. Other resources that helped me in markets

6. Social Media Users I Follow For News

7. My MooMoo Watch List

8. My Updated MooMoo Float Screener

9. A Q. and A. Section

10. Ortex Live Short Interest Data for Popular Stocks

This way the topics stay organized and consistent.

With that said, let's get to it!

Introducing Myself

My name is Alkaline! Well, that's not my real name, but the one I have already set into motion on MooMoo. The reason I go by Alkaline or AkLi for short is actually really simple. Alkaline Earth Metals are reactionary elements, and that's how I like to base my trades. I want to be a trader that reacts to the markets, not one who predicts the markets. However, I don't want to be too or the most reactive. Counterproductive I know, especially considering how much I chart, but as you know I always wait for Retests and Rejections, setups, and other movements in the market before taking a trade. That's the inspiration behind Alkaline and AkLi.

When And Why Did You Join MooMoo?

I joined MooMoo in Q3 of 2022 under the name Alkaline Earth Metals (how original right? lol). However that username did not last long. I changed it to AkLi in Q4 of that year.

Like most traders when they stumble upon this platform, I was entirley new to MooMoo. I had seen it floating around on TradingView and decided to try it out because my previous experience with RobinHood was uhhh... not amazing hahaha. MooMoo's UI (user interface or format in other words) is second to none. It is really good all things considered. For that reason alone I have stuck around with MooMoo until this day.

Not to mention, MooMoo's free level 2 order book is unheard of. The value of that feature alone is at least $50 on other exchanges. Volume based trading and readinf the tape from the order book can be one of the most powerful ways to trade, and MooMoo gives level 2 for free. Reallllyyyy cool.

I also like how MooMoo's platform is rustic and solid. Unlike Webull, which tries really hard to be modern and "minimalistic" like an apple commercial.

Hot take, but Webull and Robinhood and other "click and drag" bubble user interfaces try way too hard to make trading look sleak and modern. Like their platform really just looks like this

Then take a look at the Bloomberg Terminal

Entirley different than those "eye candy" minimalistic platforms. Looks solid, authentic, and genuine.

Compare that with MooMoo

MooMoo has such a great design, feels solid like the bloomberg terminal, and focuses on giving you the information over the minimalistic experience. A great platform.

How Did You Get To Where You Are In Markets?

Well, in the beginning it was not easy. Nothing is ever easy when you first start doing something you've never worked with before. The market was no difference. At the time I was studying for my undergrad, applying to jobs in the worst market to apply to jobs in, trying to pay off what I needed, and so so much more. The market wasn't just a way to make extra money, it became a hobbie. From that, I dove deeper. Spending more time reading the charts, learning patterns, watching the candles, writing down my trades, creating rules for myself to follow, staying disciplined in my life and in my trades, being more and more grateful for the market and everyday life, and remembering my personal goals.

If there is one piece of advice I can give to someone just starting their journey, is to work hard at it. The market can either make or break you. Remember, you are your own boss. There are no performance reviews, no quotas, no "you're doing great!" or "you're doing it wrong", especially "you're doing it wrong, here let me show you how to do it". It's a solo game, and you're the main character. Sure you are trying to beat wall street, but the real enemy is yourself. You will learn what I mean by that when you continue your journey in markets. I won't tell you my meaning because its important you listen. You're not gonna read this passage and change your life for someone on MooMoo, but you will listen to the "why did I do that" when you yourself were up $1000, got greedy, and ended down $10,000 on the day.

What Do You Trade?

I am mainly a Futures trader. However I also trade stocks and options here and there. I used to trade options a lot more, but I like the flow of Futures trading over that of options trading or stock trading. There are other reasons why as well such as the no PDT restriction, day trading capability, and the pressure of Futures trading implies on your decision making.

Essentially, Futures trading kick started me to my current trading level. There is a LOT you will need to know in order to trade Futures. I would never recommend trading Futured for newer investors or traders. It is very difficult. That's not to say you can't or shouldn't try it, but I do encourage you to do a ton of market research before exploring the "dark arts" of the Futures market.

I use Quantower and TradingView to trade this market, MooMoo to trade stocks and options, and CoinBase to hold my crypto portfolio.

Do You Currently Hold A Position?

Since I day trade Futures, I am not holding anything on those markets. I also don't hold any stocks at the moment. The reason being is that I have not found any optimal point of entry. However, I do hold Crypto. I sold most of my crypto positions, but I am holding Polygon (MATIC). My average for Polygon is around .83 and I have over 1000 shares remaining for the long term. I am a believer of Web3 and Web4 technology and Polygon is at the front of the line for it. Other than crypto like Solana, Polygon is the only other one I think has real potential to develop stability.

Open insider is a free resource that you can use to monitor insider activity.

Another free resource traders and researchers can use to look at useful information about stocks, hedge fund activity, performance metrics, data, and much more. It's free to sign up and once you do, you can see information about stocks such as Tesla's quarterly metrics, hedge fund activity, and shareholder activity.

Want even more data about stocks and the market? TipRanks is a free and paid resource where you can track analyst forecasts, financials, news, buybacks, and more. You can also create a portfolio and track your stocks as well. Again, it is free to sign up and can serve as a powerful tool to monitor your stocks, explore other positions, and stay up to date with your portfolio.

I have only used BioPharm catalyst a few times before and utilizing the free trial. Essentially, this platform breaks down all the information for you when it comes to Biopharma squeezes, news, and catalysts which could move the price of the stock. There are really good reviews about the full service and I will be looking into using it more often. I am mentioning this resource not only from the positive reviews, but because I may be posting about it in up coming articles.

1. UnusualWhales (twitter, or X)

Incredible news, trading insight, and platform

2. TheSpectator Index (twitter, or X)

A news wire that provides global news

3. FinancialJuce (twitter, or X)

An advanced news wire that provides global, financial, and other news

4. BeginnerTrading (YouTube)

If you want to learn more about the economy, markets, and Futures trading. A great pre-market resource and analyst for key economic / market events.

5. The Stock Market / Trading Fraternity (YouTube)

If you ever want to know why the market is moving the way it is, Josh is an INCREDIBLE resource. Live all day every trading day. Just listening in you can learn a lot.

6. Trading In The Zone - Mark Douglas

A great book to read and a strong recomendation if you want to get serious about markets. Written in a familiar / formal manner and very relatable. It will teach you psychology in markets and trading. Mark Douglas is a pioneer and his insight about markets is invaluable.

1. VWAP

2. RSI

3. 8 and 9EMA

4. 20 and 200SMA

5. 200EMA

6. Smart Money Concepts [LuxAlgo]

7. Supply and Demand Visible Range [LuxAlgo]

8. Market Structure CHoCH/BOS (Fractal) [LuxAlgo]

9. Votex Indicator

10. ZigZag

Each one of these indicators will have seperate articles written about them in the Deep Indicators series. I apologize I cannot explain what they do indepth but I will break them down.

1. VWAP

The Volume Weighted Average Price is calculated by adding the total dollar value of transactions and putting it over the total trading volume.

2. RSI

The Relative Strength Index uses the average gain and average loss of a stock (usually over 2 weeks) and will display metrics such as oversold and overbought strength.

3. 8 and 9EMA

4. 20 and 200SMA

They are slower moving averages that when visited by the price serve as strong suggestions of a reversal to the upside or downside. The 200SMA more so, but I will use the 20SMA for quicker trades. I dont't use either for day trading unless there is other information available to me at the level.

5. 200EMA

Another slow moving averaghe that suggest a strong probability of a reversal to the upside or downside. I use the 200EMA when trading stocks, but mostly charting ideas.

6. Smart Money Concepts

An indicator that gives me an idea where smart money has buying / selling orders. This indicator will outline key levels of support and resistance in the form of liquidity. I will be writing an article about this alone.

7. Supply and Demand Visible Range

Outlines suggested areas of order flow and order blocks, as well as possible Supplly and Demand ranges depending on your charting time frame and zoom level. I will be writing an article about this alone.

8. Market Structure

The Change of Character and Break of Structure indicators are great indicators to determine whether the price action of any given move or movement in a stock is potentially bullish or beatish based off of multiple different attributes which support the price and movement of a stock. I will be writing an article about this alone.

9. Vortex Indicator

Sort of like the RSI, but instead of averaging dollar transactions to trading volume, the VI is uses Positive and Negative daily ranges to signal possible overbought and oversold reversals. It can also show possible trend continuations on all time frames, however I use it for trading on the day. I will be writing an article about this alone.

10. ZigZag

This is not really an "indicator" so to speak. It outlines the market structure which you can compare your charts to for more charting ideas and pattern formats.

For reference, this charting format is default. I haven't changed any attribute for the chart, unlike the one with the blue and white candles.

As you can probably guess, I left this indicator out for a reason. I am going to attempt to tell you how this strategy works. But first, we need to set it up. We are going to be looking at the 1 minute and 5 minute for this strategy.

1. 8EMA

2. Bollinger Bands

3. VWAP

Q. Is the 8EMA close to or further away than the upper or lower band?

Q. Is the 8EMA approaching the upper or lower bands?

Q. Are the candles above or below the 8EMA

Q. Are the candles approaching the lower or upper bands?

Q. How big are the candles closest to the upper or lower bands?

Q. Is the 8EMA acting as support for the candles?

Q. Are the candles further away or closer to the upper or lower band?

Q. Are the candles above / below the upper band, lower band and 8EMA?

Q. Are the candles closing above or below the upper band, lower band, and 8EMA?

Q. Is the upper band close to the lower band?

Q. Is the upper band further away to the lower band?

Q. Is the upper band far away from the lower band?

Q. Is the upper band close to the lower band?

Q. Are the upper and lower bands moving to the upside?

Q. Are the upper and lower bands moving to the downside?

Q. Are the upper and lower bands moving further away from eachother together?

Q. Are the upper and lower bands moving closer to eachother together?

Q. Is the upper band moving away from the lower band?

Q. Is the upper band moving closer to the lower band?

Q. Is the upper band moving closer to the lower band while the lower band stays about the same?

Q. Is the lower band moving closer to the upper band while the upper band stays the same?

1. I don't recommend this strategy in particular for MOO trading, pre-market trading, or after hours trading.

2. This strategy works best on the 1 minute time frame, 5 minute time frame, 15 minute time frame, and the 30 minute time frame. 30 Minutes might be too long, but I will sometimes use it if the market is moving sideways. The reason I don't use it on higher time frames because candle location is the main focus of the strategy. The higher the time frame, the lower amount of candles are printed on the chart.

3. You may need to have a paid subscription of TradingView in order to use all these indicators together.

4. You may need to have a paid subscription of TradingView in order to view multiple charts on the same graph.

5. It should go without saying, this strategy is not 100% accurate. If I had to give it a percentage based off my personal experience and backtesting, I would stay its around 79%-85% accurate if used alone. It can become more powerful if you add other indicators such as Smart Money Concepts.

I know the big diamonds and other shapes can be nauseating to look at, however I chose to format them in this way as a very easy way to differentiate the bands, and 8EMA from eachother and other indicators.

Alright, assuming you have everything setup in the way that I do (keep in mind, this chart format is the dafault. Hence the none blue and white candles). We now want to make sure we are viewing 2 charts at once. For this demonstration, I chose the 1 minute (chart to the right) and the 5 minute (chart to the left)

Let's take a look at the chart.

-The bands are starting to come together on the 5 minute

-The bands seperatred from eachother during a run up around market lunch

-The candles are approaching the lower band which are both above VWAP on the 5 minute and 1 minute

-The 8EMA is now acting as resistance on the 5 minute and 1 minute

-There seems to be a symmetrical wedge forming, possibly leaning towards the bear side

-The RSI is neutral to the downside

-The 200 EMA is right there at VWAP

- The VI is crossing from positive to negative

Looks like there are ome buyers around the $522 level on the 5 minute and some sellers at the $523 level on the 1 minute. This tells me we might be headed towards the downside because stronger liquidity is there. I am going to graph them out so we can see where they are on both charts.

Another observation is that the upper band is right at where the wedge pattern we found. If buyers want to see more upside they will need to close above the wedge back into the range. If Sellers want to see more downside they will need to sell through to VWAP. Let's wait to take a trade and check out what happens in the market.

Alright! And hour went by and look at the chart.

As the market sold off, the candles began moving lower than the bands. Both bands headed in the same direction, and together with the 8EMA. After multiple retests, the buyers could not find their footing and the sellers broke through multiple supports.

The key takeaway here is that if I were to have gone short, while the bands moved lower, 8EMA right along the lower band acting as resistance, I would have held my position. and just waited til one of the bands started diverging from eacht other. Meaning if the lower band started moving upward while the upper band continued down, then I would sell my position as a possible upside reversal is higher than continuation down.

You can kind of see that idea to the sell side on the 5 minute chart.

Now that its power hour in NYC, the market is reallllyyy selling. We are currently lower than the high of day yesterday. We could see a reversal here, or more downside. But if the buyers gave up and sellers took profit, then we might just head sideways.

However, from the band location there is no indicator of a strong reversal yet. The candles would need to close back inside the bands and above the 8EMA for another chance at VWAP. Not to mention get above yesterday's high of day.

We would want to see something like this for a possible reversal. The upper band moving to the downside as the lower band goes neutral or to the upside.

I will try to trade this in real time when the market looks like it is headed for a reversal to the upside or downside in respect to where the bands are and how they are moving. However for now, this is the strategy.

1). Look at the bands

2). Look at the candles

3). Wait til the bands approach one another / one or the other

4). Hold the position depending on the movement of the band.

If long, hold if the lower band moves upwards with the 8ema

If short, hold if the lower band moves downwards eith the 8ema

5. Sell the position depending on which band approaches the other.

If the bands are moving down together, sell when the upper band approaches the lower band

If the bands are moving up together, sell when the lower band approaches the upper band.

Not to mention, it could be a fake where the one band approaches another and then spreads apart in opposite directions afterwards.

Like this. See how the upper and lower bands were moving with eachother? So did the price. But as the upper band started approaching a "Stable" or "Sideways" lower band, you would think it would be time to get short but no. The upper band began moving away from the lower band and the price continued upwards. Thats what makes this a 79-85% accurate strategy.

Then you have the lower band approach the sideways upper band, but not quite get there. However using other indicators and patterns we could see a possible reversal. If we got short, all we would need to do is hold as long at the lower band moves further away from the upper band.

I would wait for the bands to get close as possible on the 1 minute since there are more candles. Meaning the 1 minute is more reactive than the 5 minute. The 5 minute shows the volatility, the 1 minute shows the reactivity. So I dont want to get long yet.

The best setup would be when both bands on both time frames work together. See on the 1 minute (more reactive) the bands follow eachother. Where as on the 5 mintue the bands are less reactive and don't follow eachother most of the time. In that case, the 5 minute would tell me to hold short if the lower band moves away and the 5 minute upper band stays still, regardless of what the 1 minute bands say.

See? Look at the fakeout. If I got long there before the bands got close enough together I would have gotten washed. Now we will probably see a huge selloff given the confidence of more downside.

That's basically the strategy! Try it out yourself. I will do an Active Psychology post with this setup when the charts create a setup for me.

GCT

SOUN

C3.AI

VERI

CADL

ZCMD

IREN

PHEWWWWWWWWWWWWWWWWW

Should probably go without saying that this took forever to write haha. However, for the 1000 Follower Celebration it is all worth it in the end. Thank you for all the support, and thank you to MooMoo for the great opportunity to share my research, post the charts, and educate others in the market.

As we move forward, I hope to continue to deliver high quality content, as well as change up my writing style a bit. Don't get me wrong! I enjoy writing like i'm hosting a show on YouTube, but I also like the stream of conciousness posts like in Active Psychology. I think that might be the most genuine way of writing, but I think I should probably keep that "style" (if you can even call stream of conciousness a writing style) unique to those articles.

Quick Recap!

2024 MooMoo Goals Achieved:

MooMoo Contributor

1000 Follower Milestone

2024 MooMoo Goals Remain:

MooMoo Podcast

New 5000 Follower Goal

Thank you all gain for the support and for reading this article. Enjoy your weekend, and I am bullish on our new 5000 follower goal. Which should be enough time to find even more resources, backtest new strategies, update my float screener even more, and have a good amount of high quality research posted to the Medium page.

I hope you found this post informative! See you all next week.