Podcast
Questions and Answers
What are the three components of the Power of 3 in trading?
What are the three components of the Power of 3 in trading?
Accumulation, Manipulation, & Distribution (AMD)
What is the time frame used to determine the open and close of the daily candle on the chart?
What is the time frame used to determine the open and close of the daily candle on the chart?
17:00 EST to 17:00 EST
What time frame is used for the True Day Open?
What time frame is used for the True Day Open?
00:00 EST to 00:00 EST
Study Notes
Trading Concepts
- The Power of 3 in trading consists of three components, but the exact components are not specified.
Chart Analysis
- The time frame used to determine the open and close of the daily candle on the chart is a 24-hour period, specifically, the New York Stock Exchange (NYSE) trading session, which is from 9:30 am to 4:00 pm ET.
- The True Day Open is determined by a 5:00 pm ET to 5:00 pm ET time frame, which is a 24-hour period that aligns with the GMT-5 time zone.
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Description
Test your knowledge on the Open High Low Close (OHLC) and Open Low High Close (OLHC) candlestick patterns in this quiz. Learn how understanding these patterns can help you identify daily bias and improve your trading entries. Explore the concepts of accumulation, manipulation, and distribution (AMD) in MMXM trading. Gain a foundational understanding of OHLC and OLHC patterns for effective trading strategies.
