Tips on how to Benefit With Chart Patterns (With Aksel Kibar)

Rayner (00:00)

Howdy good day, what’s up my pal?

So in nowadays’s episode, we’ve got Axel Kibar.

He’s an ex-fund supervisor and a classical chart trend dealer.

So something that’s attention-grabbing about Axel is that if you happen to observe him on Twitter, or at the present time they name it X, proper?

that his charts, proper?

Truthfully talking, it’s one of the vital cleanest that I’ve come throughout at the platform.

He doesn’t have the ones messy signs, squiggly traces overlaying in all places the charts Incorrect…He’s charts are very blank and one take a look at his chart.

You may sense what the marketplace is making an attempt to inform you.

So, Aksel has one of the vital perfect charts that I’ve detectable at the Twitter platform Or will have to I say, X platform.

Anyway, if you wish to join with Aksele, I’ll put his social media profile within the description beneath.

Now all through my dialog with Axel, we lined a couple of issues.

First, we mentioned his past within the military, what are the issues he did, and the teachings he discovered again nearest.

Later we spoke about how he landed a role as a charity supervisor.

Let’s be truthful, this can be a task that I believe maximum folks need to get however we simply someway don’t understand how to move about doing it.

So he shared the method that he did to land a role as a charity supervisor.

Later shifting on, he talks about classical chart patterns as a result of that is the best way…

He trades the markets, he stocks with us what he seems to be for within the charts, his access, prevent loss, and goals.

Later he additionally shared the 4 sorts of breakouts that I believe each dealer will have to know as a result of now not all breakouts are equivalent.

So he stocks those 4 several types of breakouts, the way you will have to move about figuring out them, find out how to commerce them, and find out how to lead the breakout trades, relying on the kind of breakouts that you’re encountering.

Later in spite of everything against the top, he stocks how he is going about scanning the markets for buying and selling alternatives, his day-to-day regimen, and his weekly regimen.

So we’re gonna guard all this in nowadays’s consultation.

Journey concentrate to it at this time.

Rayner (02:01)

K,

welcome Axel to the display.

I’m so glad to have you ever nowadays.

Aksel (02:07)

Hello, Rayner, it’s a amusement to be a part of your display as neatly.

Rayner (02:12)

So as to kick issues off, I as soon as heard that I believe on some other buying and selling podcast that you just have been within the military, so perhaps to kick issues off, what have been you doing within the military up to now?

Aksel (02:23)

Smartly, the military is in Turkey, it’s a compulsory carrier. So we can not precisely say that it’s hardcore army carrier, however everyone has to do it.

And I used to be certainly one of them as neatly.

So mainly, that is the way it works. Through the years, they shortened the era of the army carrier in Turkey.

My folks impaired to do it for 18 months and perhaps even extra.

Some have achieved two years of carrier.

So in my case, what took place is that if you happen to’re a school graduate, you’re most effective doing it for 6 months.

So the age shortened and shortened, and now I believe this can be a paid carrier.

So if you happen to, it’s like mainly they rent army workforce.

So now what I’ve achieved is six months.

I had the approach to do it for 365 days with the next rank, however I determined to move for 6 months as a soldier.

I used to be a Marine soldier at the West coast of Turkey.

It was once, I might say everyone to start with is terrified of the army carrier and so they really feel find it irresistible’s a wastage of age and it takes clear of their past, and many others.

Later whilst you communicate to public who’ve achieved it, they at all times have just right reminiscences.

I by no means concept that I might have just right reminiscences next it.

But it surely’s true since you get to satisfy a bundle of attention-grabbing public there from other portions of the rustic, other ranges of training.

It’s humorous, it’s traumatic, and I heartless there’s at all times a menace of warfare, but it surely’s extra of a protection a part of issues that assists in keeping you at all times alert, now not that you just’re gonna move to warfare, however on the bottom mainly, there was once at all times rigidity.

That rigidity assists in keeping you alert and to start with, a couple of months, as a result of that rigidity, you disregard what you have been doing in actual past.

The primary moment is typically the unadorned coaching, disciplinary coaching, the orders, and so forth.

Next the primary moment, there’s the rite and nearest you go to the subsequent degree, wherein you spend 5 months and a slight bit extra skilled situation.

In my case, nearly in everyone’s case, they aim to search for your tutorial background and aim to make use of that.

So if you happen to’re an engineer, you could be participating within the automobile workshop.

I used to be an economist, so essentially the most appropriate division for me was once the accounting area of the cafeteria.

So I used to be answerable for six other retail outlets and mainly, this got here next my 4 years of economics find out about and I might say that I discovered essentially the most in…

In that army carrier accounting area or the grocery store division, nearest 4 years of economics find out about.

So it was once such an enchanting enjoy that you just get to be told, as a result of we had the bottom of one thousand public, and one thousand public refill the bottom, and nearest they get their coaching next two, 3 months.

They’re moved to their actual army bases.

So we have been mainly a coaching camp kind of a playground and so that you max 2,000 and nearest you let fall 200.

I’ve detectable this cycle two times all through my six-month keep.

When it reaches 2,000 public, you’re speaking a couple of abundance financial system there.

K. So let’s say — The eating place doesn’t have just right meals.

Everyone piles as much as have a toast or some roughly snack from the cafeteria and the gross sales move up like distracted So army isn’t intended to take advantage of gross sales.

So we purchase issues with farmlands And whilst you divide the pieces into 25 devices or 30 devices you get the associated fee tag off the fee is 22 fills

So you need to, you can not spherical it to twenty fills.

You must spherical it to twenty-five fills.

So whilst you spherical it to twenty-five fills, you get 10 to fifteen% cash in, and over 1,000 devices to two,000 devices of gross sales, you get to peer a immense profit-building up within the money registers.

So… Principally, I’ve detectable how the public has an affect at the financial good fortune of mini retail outlets.

So the hundreds going wild on aqua in the midst of the summer season, and these kinds of mini, mini income piling up is supplying you with some roughly distracted cash in on the terminate of the moment.

That cash in was once being disbursed to squaddies in want who didn’t have monetary aid from their households.

So like some roughly a wage being given to public in want.

That was once the industrial background of what I’ve been doing. I used to be answerable for six other retail outlets on the terminate of every moment.

We impaired to aim to check the money sign up and the pieces that have been being bought, and many others.

Ordering of utilities, bathroom paper, T-shirts, tea, you title it, the entirety that was once to be had.

So purchasing the newspapers, and ensuring that the shares have been to be had have been all my duty and I used to be managing six other retail outlets out of which 3 of them have been children that experience had a school background.

3 of them have been number one college graduates.

In order you’ll see other tutorial ranges from other portions of the rustic and the college grads have been ready to check their money cluster since you give exchange.

You are taking, let’s say — one thousand Turkish lira and also you give exchange.

Now and again the alternative children have been making errors.

So there have been shortfalls within the money.

In order that they needed to put it from their patch, from the ones errors.

Yeah. Ouch.

Yeah. In order that’s past.

So that you get to peer other portions of the rustic, and other tutorial ranges, and those all have been just right reminiscences as a result of all of them taught me what past is set.

Since you don’t get to peer, whilst you’re operating as an economist or an analyst in a locker, you don’t get to peer everyone, a wide variety of profiles.

However within the army carrier, you get to percentage the room with them and with other public, other tutorial ranges, and other situations.

So it was once a special enjoy.

I loved it.

Like public who’ve commented on it next finishing their army carrier, I additionally percentage the similar perspectives.

Now, they at all times say that even supposing you need, you can not move again and that’s true.

Like, and I’m at all times telling my pals and my crowd, I wouldn’t thoughts going and spending two months now with the similar folk and doing the similar issues.

So it was once that section. It needed to be achieved, however I’m satisfied.

I used to be given the probability to do it for an extended era.

Rayner (12:16) 

I will be able to relate to it as neatly as a result of in Singapore, proper, all of the mail we need to grant a mandatory two-year nationwide carrier. I heartless, it impaired to be 2.5, however now it’s for 2 years.

Later they slowly trim it i’m sick similar to, , what you stated on your nation.

So yeah, many classes discovered.

I believe for many folks who finished our age within the military next two years, all of us roughly like nodding.

Sure… That was once a just right enjoy.

We to start with, once we concept stepping into is a wastage of age, , I’m retaining again my profession However whilst you glance again, the teachings discovered are stuff that you just received’t be informed in different places.

You know about how public behave, proper?

Their true colours, Your EQ, the way you have interaction with others of various situations others of various personalities and backgrounds.

So it was once very enlightening for me as neatly so similar sentiments, proper?

As you’ve shared next going in the course of the military.

So my subsequent query to you is that, , in regards to the military.

So what are one of the vital classes that you just discovered proper life going thru that six-month advance within the military?

Aksel (13:13)

The teachings… I heartless, relationships topic.

That is one thing that I’ve discovered from, it’s a reproduction of company past as neatly.

The choosing series ranks,

Ah.

What you will have to be doing and what you shouldn’t be doing, mainly, rules-based, strictness, the self-discipline.

All the ones have been very, very useful then in past that you just get to peer the ones and nearest you go to company past and even in past.

You get to peer that, ok, , that is the pecking series.

We need to appreciate that.

We can not step forward and step over the hierarchy.

There’s that hierarchy. It needs to be there.

We need to observe positive orders and usually, I’ve at all times been a disciplined individual.

Be it with following up on issues and waking up age and many others.

So the ones qualities helped me all through my army carrier. Such a lot of humorous moments alike to that.

Rayner (15:15)

You want to percentage any humorous moments that are evoked?

Aksel (15:18)

I heartless whilst you’re serving one of the noteceable issues is we get them as a result of we impaired to let fall to 100 public within the bottom from 1000 and when it’s 100 you get to do all of the chores your self 100 public so you can not give it to the rookies so you need to care for it your self.

Serving was once certainly one of them serving at other portions of the bottom and midday at 10 o’clock.

We impaired to begin 10-12, 12-2, 2-4, and nearest 4-7 as a result of we have been brief in numbers.

Each year they impaired to write down a location to be served.

You move and get your gun and move to the serving level.

The playground that I used to be guarding was once the ammunition deposit, which was once proper around the cafeteria, grocery store, and bank.

So my pals impaired to move via in the midst of the night time when I used to be serving.

They’re additionally serving. Um, they have been a duo and I used to be, uh, unloved on one aspect and, um, they impaired to invite me, come on, are you able to get us some tea from the interior?

I impaired to mention… Incorrect manner.

Like I can’t go from my playground as a result of if, uh, the commander and, and, uh, the commander comes, you can not, you can not do this.

In order that they impaired to modify with me a playground.

One of the vital guys impaired to stick in my playground.

I impaired to progress with the alternative guys and revealed the gather and get them in the midst of the chilly wintry weather, some tea, as they have been serving.

So, I heartless, those are friendships.

You can’t split that since you reside with them. You’re sharing the area. The ones are the mini issues that you need to violate.

However, um…

Yeah, just right days.

Rayner (17:55)

While you discussed serving, do you heartless staying on responsibility, extra at your spot to build positive nobody comes as serving?

Aksel (17:59)

Yeah

Rayner (18:01)  

K, ok.

Only one terminating query ahead of we go on. Go on, proper?

In order you have been, , answerable for the gather, , promoting pieces.

What are one of the vital extra widespread pieces that, , public within the military love to shop for?

Aksel (18:13)

Uh, it was once extra meals pieces as a result of every time there’s the meals within the eating place isn’t that just right.

They impaired to cluster up for toast and tea within the wintry weather.

So tea was once one Turkish lira on the age ahead of all this inflation and so forth.

So the man that was once managing the tea gather one moment, had a huge shortfall, a immense quantity of shortfall.

Once we requested, we learned that his pals have been coming and pronouncing, can I am getting one tea and he offers the tea and I can pay for it then.

So one Turkish lira isn’t conceivable to store from right here and there.

So it piles up.

100 children, it’s 100 Turkish lira shortfall.

In order that’s like 10% of the public of the bottom in a single year.

So if you happen to repeat this 5 occasions a moment, you’ve a shortfall of 500 Turkish lire and that’s a large quantity the place the wage that the army carrier was once giving to the warriors on the age was once 35 to 40 Turkish lira.

In order that’s 10 occasions the 12 months the cash that they have been paying for the moment.

Yeah. OK.

Rayner (19:50)

So let’s perhaps now go on and communicate concerning the charity control global, as a result of from what I’ve collected, you have been a charity supervisor again within the UAE.

So curious to listen to, what’s the method like of having this sort of task again nearest?

Aksel (20:11)

So here’s the way it began.

It’s an enchanting tale as neatly. Next the army carrier.

This army carrier comes next my grasp’s level in Canada.

So I used to be one of the vital first within the crowd that traveled in a foreign country and studied and nearest got here again, completed the army carrier and next the army carrier, I began in search of jobs and I discovered a few jobs in Turkey.

I began in a promise locker, one of the vital largest banks in Turkey.

Of their asset control area, I got to work, but it surely was once a two-week advance as a result of in the meantime, I used to be receiving emails from a few pals that they have been in search of a CMT in Abu Dhabi.

The Nationwide Storage of Abu Dhabi was once in search of a CMT Constitution and on the age I got to work in Word Storage as an funding analyst.

In order that had a bundle to do with the basic analysis and I loved charts and I loved the technical aspect.

However as a get started, I used to be ok to hurry the funding analyst task.

In the meantime, as a result of I gained this e mail from some other pal for the 3rd age, I stated there was once one thing about this. I will have to imagine it.

I didn’t know the place Abu Dhabi was once on the age since the commercial was once 45 mins from Dubai.

So once I talked to pals, they stated Dubai is the Fresh York of the Heart East.

So I began looking out, I began looking out the locker, Nationwide Storage of Abu Dhabi, a semi-government-owned locker.

Once I began looking out, I stated — This can be a just right alternative, perhaps I will have to practice for it.

I carried out for it.

The solution got here as we wanted a slight bit extra enjoy within the ground and this was once in 2007.

In 2007, I graduated from economics in Turkey in 2004, were given my constitution, and nearest next that masters.

When I used to be finding out economics, I additionally did an internship at Yuppie Credit score Storage, which was once additionally a huge, one of the vital largest banks in Turkey.

So life doing all the ones, enjoy was once now not conceivable to suit someplace.

You can’t get the operating enjoy.

I had an internship enjoy, which was once nearly like operating as a result of I did half-day college, and half-day locker for 3 years.

In order that they requested me — They advised me that we have been in search of extra enjoy.

So I didn’t hurry incorrect for a solution.

I wrote again as a result of I used to be very happy with my wisdom of charting and technical research.

I knew that I used to be just right at it. So once I wrote again, my ex-CEO appreciated the answer and he appreciated that I challenged it and he were given again to me and so they arrange an interview name and next that decision, they have been satisfied that I had the information which more than likely compensated for the enjoy aspect.

I needed to liniency myself from Word Storage, which they weren’t more than happy with.

However the upper the control, the extra working out they have been.

So the CEO was once extra working out and he stated that we comprehend it’s a significantly better deal and less parks to be had if issues don’t move neatly.

So I took the deal and I flew to Abu Dhabi.

I began as a technical analyst on the Nationwide Storage of Abu Dhabi.

It was once 2007, and we have been gonna get crash via the subprime loan in a couple of months.

So taking to a land.

Uh… which was once essentially the most suffering from subprime loan and the true property accident was once a in reality attention-grabbing enjoy as a result of once I went there uh… the markets have been already uh… falling from 2005 to 2007 they have been already in a downtrend.

Public have been uh… public didn’t need to even communicate concerning the hold marketplace and I noticed the chance that the marketplace is bottoming, no less than for a brief vacay rebound.

At that time, I joined the area, asset control area as a technical analyst.

I had a few just right yelps since the marketplace was once rebounding and great classical chart patterns have been showing.

So It was once a chance for me to turn my talents, which then on allowed me to lead finances as a result of I had some just right yelps and and stuck some great concepts.

In order that helped me to get the charity control to the charity control web site, which I used to be given in 2008.

The UAE, Nationwide Storage of Abu Dhabi’s UAE buying and selling charity, was once the biggest charity within the UAE on the age.

I believe someplace round 1/2 one thousand million greenbacks.

So I began managing that all through the subprime accident and UAE isn’t various, it was once now not a different financial system on the age.

Now there are extra IPOs, department shops, and many others.

The leisure aspect is being IPO’d.

There was once now not even an airline that was once IPO’d on the age.

So it was once extra like banks or actual property and each have been getting crash as a result of the true property faint however banks held significantly better actual property aspect of items fell aside so it was once a hard era to lead that during an illiquid marketplace on the age of the accident.

That’s how I began first as an analyst and nearest as a charity supervisor.

Rayner (28:25)

In order a charity supervisor, how do you nearest lead the cash?

Do you year like, good day, Axel, right here’s $10 million?

Develop it to $20 million, or do your perfect, or no matter.

How’s the method of managing that cash?

Aksel (28:43)

So we had our finances benchmarked in opposition to the MSCI UA index.

There was once this MSCI UAE, home MSCI UAE global index.

There have been two sorts of indices.

Home internationals weren’t allowed on the age to spend money on positive shares, strategic telecom corporations, as an example, weren’t to be had for funding.

However native native finances have been ready to spend money on the ones.

So as an example, we impaired to have a look at the MSCI-UA World Index and MSCI-UA Home Index and we impaired to run it, run the finances in contrast benchmark.

We had 25 to 30 names in it roughly perhaps much less even.

You don’t have a large universe…

K and actual property as an example MR homes was once similar to twenty-five to 30 p.c of the charity.

So it’s most commonly taking a raffle on huge names via simply underweighting the true property sector from 35 to 40 p.c to twenty p.c was once permitting you to generate alpha.

It was once a raffle on whether or not you’re into the banking sector otherwise you’re into the true property sector.

By way of making that decision on the age of the subprime accident, which began hitting the UAE marketplace a slight bit then than america marketplace.

The accident began a slight bit then.

I used to be ready to liquidate huge quantity of immense quantity of actual property and on the age, the Dubai actual property were given crash greater than the Abu Dhabi actual property as a result of Abu Dhabi was once one step at the back of on the subject of building.

In order that they weren’t stuck in the midst of the advance degree.

They have been nonetheless starting up tasks and seeking to meet up with Dubai.

However Dubai already constructed its man-made islands, villas, prime rises, and marinas.

In order that marketplace were given crash first.

So the shares that have been indexed on that alternate have been extra liquid as neatly.

So it allowed me to let fall my publicity on the ones.

The unadorned concept was once if you find yourself managing it in opposition to the benchmark, you’ve someplace to store directly to it.

It’s more uncomplicated than an entire unfilled sheet since you simply want to take a look at the relative performances in opposition to the index and spot the shares which might be underperforming.

Shares which might be beneath their long-term averages, get started with that.

You don’t need to be impartial even in the ones names.

So any money that you’ll carry, I used to be allowed to move into MENA equities outdoor of UAE.

So we had the allowance of a 30% off index publicity.

This was once giving me on the age my CIO advised me that that is extra like a satellite tv for pc means you’re making use of right here.

So the the underweight positions, the money that you just get from from the ones I used to be making use of with into MENA equities, Saudi Arabia, Qatar, Oman. So I created this vast alternative eager for myself and began.

Exploring breakout concepts.

In order that’s my unadorned settingup level with the breakout methods as a result of I used to be seeking to seize a few weeks of robust directional motion with this cache that I’ve taken out from underperforming names.

Looking to generate extra alpha at the Directional strikes that I used to be ready to seize in off-index names.

While you move into off index you’ve negligible menace since you’re shifting clear of the benchmark, however that’s the one method to outperform an index.

You can’t hug the index.

You must go away a slight bit.

I impaired to hurry, as an example, 4 to 5 other positions outdoor of the index and aim to seize the ones directional strikes, which introduced me to my tide technique nowadays.

That you simply get started with a unfilled sheet and also you take a look at a large universe of breakout concepts.

Rayner (34:25)

This brings me to my subsequent query which is why breakouts I believe from what I’ve collected you’ve attempted many sorts of buying and selling approaches proper?

Signs patterns and stuff like that and now I believe you discussed you went with the breakout so why split out?

Aksel (34:40)

Why split out?

It’s a just right query.

Once I joined the Nationwide Storage of Abu Dhabi, my CIO was once complex in charting and technical research.

He had this data.

He sat with me and he stated — Axel, in those markets, those markets are momentum-driven.

So there are fewer marketplace makers in those markets.

It’s extra emotional psychology-driven strikes.

With that mindset, I went thru the entire universe within the pocket and began in search of the ones sorts of tight consolidations and the way shares are behaving and so forth and I got here to understand that…

Sure, you’ve increasingly more shares breaking out of a consolidation developments are extra chronic.

It’s not, public don’t seem to be feeding off the ones developments, they’re piling up into the ones strikes.

That’s how I began making use of flat-range breakouts in shares.

It was once extra of one of those a path that I used to be driven against to discover those aspect of items.

Later as I appeared increasingly more into breakouts, I got here to understand that via simply adjusting the age body, you continue to have the probability, even in global shares.

All these consolidations that you’ll play games as a breakout technique.

Rayner (36:43)

So would you are saying that, , previous you discussed the, your CIO stated that during those markets, I believe he’s regarding markets that are much less watched or perhaps markets which don’t seem to be as widespread, like perhaps shares like Tesla, Apple, and many others?

This kind of shares, they split out have a tendency to be extra actual in comparison to the extra widespread shares like, , Tesla, Apple, Amazon.

The ones sorts of breakouts, generally tend not to paintings as neatly.

Did I am getting that proper?

Aksel (37:07)

Yeah, I will be able to say that.

Essentially the most widespread names are extra crowded, clearly, however that doesn’t heartless that you can not to find breakouts in the ones names.

It’s simply they more than likely mode much less regularly.

For instance, on Tesla, you may discover a five-year-long consolidation breaking out, however that’s a five-year-long wait.

When you move and aim to seek out two, three-month-long consolidations, textbook-tight consolidations, it would now not occur on Tesla.

Much less widespread names would possibly have the ones alternatives extra regularly.

However very liquid and crowded shares will provide you with much less customery alternatives like that.

For this reason, I made positive that I checked out a large universe.

I spent a bundle of age going thru charts.

For me, ticker doesn’t topic.

So I don’t even take a look at the ticker. I simply take a look at the chart itself, the appropriate aspect of the chart, and aim to peer the consolidation that I’m in search of.

Such a lot of public are attempting to concentrate on too many patterns on the similar age life taking a look at a unmarried title, which is forcing them to seek out one thing.

At the chart which doesn’t exist.

So what I’m doing is that I’ve a much wider universe and a couple of choose patterns that I’m attempting to have a look at.

So I’m now not restricted to a crowded commerce.

I will be able to take a look at much less widespread names and aim to seize that directional motion as neatly.

Rayner (39:26)

K so would you nearest percentage what are the issues that you just search for in a chart from what I’ve collected, such things as rectangles are certainly one of your favourite patterns, so perhaps you’ll move into some main points and percentage what you search for?

Aksel (39:38)

So let’s say, to begin with, my primary motivation is to search for horizontal patterns which might be horizontal having the ability to lead the commerce with a predefined prevent loss.

So as an example, a unbending triangle has an upward slope and, a downward-sloping higher boundary.

On the age of the breakout, you employment when the hold is breaching the higher boundary and also you playground a prevent loss beneath the trend boundary.

That’s the logical playground to position a prevent loss, a protecting prevent loss.

So proper next that, if the hold begins pulling again sharply, it is going again to the boundary.

It’s beneath your prevent loss, however the trend isn’t violated.

In order that’s a problem with diagonal barriers, buying and selling the diagonal barriers. And unused investors, unused analysts at all times have this tendency to start with to attract pattern traces and diagonal barriers for some explanation why.

Which…How can I say takes clear of their couple of years of apply to concentrate on horizontals till you recognize that the beef is in truth within the horizontal setups?

I misplaced as neatly simply one to 2 years of my age taking a look at those pattern layout breakouts and so forth.

Is the horizontal setups.

So out of the 8 classical chart patterns I’ve outlined, seven of them are horizontal setups.

So as an example, ascending triangle, descending triangle, head and shoulder continuation, head and shoulder base, head and shoulder zenith. Rectangle is some other one.

The cup with the care for is some other one and the 8th one is a unbending triangle.

This is likely one of the maximum widespread.

So I most effective take a look at a unbending triangle as a chart trend with a diagonal boundary.

However out of all the ones, my favourite is a rectangle as a result of its frequency.

So frequency is noteceable.

You don’t wanna finally end up with 50 concepts for the entire 12 months.

You need to have 100 concepts, and 200 concepts to select and make a choice from as a result of when you to find the theory, it doesn’t heartless that it’s a just right commerce.

You must move again and take a look at somewhat its basics, the quantity trend, et cetera.

If there’s a unused spending proper ahead of a monetary announcement, you don’t wanna commerce that trend.

So you need a much wider alternative to promote and Rectangle supplies that.

So…I got here to understand that increasingly more rectangles are showing on charts and so they finally end up being decent.

 Simply to come up with some statistics over 7 years of chart trend alerts, I’ve 1526 occurrences.

654 have been rectangles.

So similar to 1/2 of them have been rectangles that shaped on worth charts.

Now this can be a partial on my aspect since the extra I understand that rectangle is succeeding or they’re decent, the extra my sights are in search of that.

But additionally rectangles are more uncomplicated to acknowledge at the worth charts as a result of they’re so blank tight consolidations at the worth chart.

So out of those 654 over the occasion seven years, 415 of them reached their worth goal giving a good fortune fee of 63.5% so the whole good fortune fee for 8 chart patterns is at 59.5%.

So obviously rectangle is above that reasonable supplying you with the higher hand that if you happen to reserve on specializing in rectangles, you’ll have a greater edge find successful setups.

For instance, public say, what’s the requirement to seek out the rectangle?

What are the qualities that you just’re in search of in a rectangle?

For me, a rectangle must have no less than two touchpoints.

So you’ve two highs to attract a layout. However the 3rd one, if it’s a breakout, it’s much less decent than the fourth one when it’s a breakout.

So I like all contact issues to a boundary.

My optical assists in keeping on in search of those extra customery exams of a trend boundary and I believe that the extra exams of a trend boundary, the extra legitimate that stage is.

So round that stage, many transactions occur.

So purchasing and promoting occurs.

So it’s a mean, it’s a price section.

The extra advanced it’s, the more potent the breakout that follows it.

So even with head and shoulder continuation or ascending triangle, the similar factor applies you probably have that horizontal boundary.

I love to peer a number of exams of it.

If conceivable, 3, or 4 exams, and nearest the 5th one is a breakout or the fourth one is a breakout in lieu than the 3rd one is a breakout.

So with that, I’ve extra conviction to move forward with that breakout sign.

Rayner (46:14)

K, let’s say now we’ve got perhaps 3 exams and now the associated fee is set to check it for a fourth age, proper?

So what’s the particular trend cause, no matter you need to name it, that can inform you, ok, now it’s the age to shop for?

What’s the object that you just search for?

Aksel (46:28)

So preferably, the hold must split out sturdy.

Now there are other forms to verify a breakout and this is likely one of the questions that I am getting a bundle.

I believe like a bundle of public are spending difference age in this, specializing in this, than in truth specializing in what issues.

So what they’re specializing in is find out how to keep away from the fraudelant breakout and I at all times say that there’s no manner you’ll keep away from a fraudelant breakout.

Fake breakouts are gonna hurry playground.

K.

So this can be a trade-off now.

The breakout takes playground with a protracted white candle.

That’s a breakout affirmation. However nearest we’re past due.

For instance, gold on a per thirty days scale, abundance per thirty days candle, it’s a breakout, however we’re past due.

Smartly, if you happen to’re taking a look at a per thirty days scale worth chart, that first moment of a breakout from a five-year lock consolidation isn’t gonna be over in two months.

So you’re speaking a couple of multi-month-long uptrend that’s settingup.

It’s ok to provide away the primary 5% or 6% of that go on a bigger scale.

So perfect situation is to appear and look ahead to that lengthy white candle to hurry playground.

K.

What concerning the day-to-day charts?

If we look ahead to a 6% go, the go is let’s say 15%, 1/2 of it’s long gone.

Sure, I consider that.

Later you want one thing else.

One thing else must be positioned within the technique.

So one form is in search of an ATR founded entries.

So that you outline the higher boundary, ok, and ATR is the common true vary. It’s the volatility of the hold.

Let’s say 10 classes of ATR.

You’ll hurry 10 classes of ATR and upload a undeniable p.c of that ATR above the boundary and to be early, you employment with a prevent prohibit series.

What’s the trade-off?

The trade-off is that on the terminate of the year, you may to find the hold now not breaking out in truth.

So your protecting prevent is beneath the trend boundary and also you’re in a hold that didn’t split out sturdy.

However that’s the trade-off, we need to face that trade-off.

Now that’s gonna let fall your win fee, however your present when it breaks out goes to be a lot larger than your present whilst you look ahead to a affirmation via the top of the year which is able to compensate.

So your present to menace goes to extend from let’s say — Two one to 2 to 1 to 4 with that form of early access however your menace present goes to enhance.

So a bundle of public don’t need to be flawed and so they need to keep away from it.

So it’s like a trade-off. So a bundle of public are stepping into between this.

Look forward to affirmation, however we’re past due.

Don’t look ahead to affirmation.

Office early, however we get fraudelant breakouts.

So easy methods to compensate is to simply accept that after it really works with a 40% win fee, your present goes to be 1 to 4 or 1 to five, which is able to catch up on the lack of win p.c.

So those are the 2 issues that public need to build holiday with.

You both settle for a 60% win fee looking ahead to a breakout affirmation and settle for a 1-2 or 1-2.5 or 1-1.5 or a slight bit much less win fee however the next present.

Rayner (51:26)

K, and what about that forestalls?

Previous you discussed that your stops are in reality beneath the trend boundary.

Am I proper to mention that it’s on the low of the breakout candle bar?

Aksel (51:36)

That still can also be controlled with an ATR.

So you’ll simply arrange a p.c of ATR beneath the trend boundary, and nearest your prevent prohibit access and the chance are predefined.

So that forward of age ahead of you even input the commerce.

Rayner (51:59)

K, simply to elucidate whilst you communicate concerning the trend boundary, so let’s say…

We communicate concerning the rectangle, would the trend boundary be regarding the resistance which is a breakout stage level, or wouldn’t it be the low of the rectangle which is the akin aid?

Aksel (52:12)

Incorrect, the trend boundary will be the breakout stage at the higher aspect.

Rayner (52:14)

K, that is sensible.

Aksel (52:15)

So we’re speaking a couple of lengthy commerce right here.

So that you outlined your trend boundary at 60.

So 60 is your trend boundary and nearest you calculate your ATR and let’s say 62 stage is the ATR that you’d employment all through the year, intraday.

So that you employment on 62 and nearest an identical quantity of ATR you take away from the trend boundary you’ve 58.

So 62 minus 58 is your menace of $4.

Rayner (52:52)

K, that is sensible.

Later what about goals?

I believe from what I see for your Twitter feeds, your goal is typically worth projection.

Let’s say the rectangle is between the lows is $50, the highs is $60, and your goal is typically $10.60 minus $50.

So is that typically the way you move about atmosphere your goals?

Aksel (53:08)

Yeah, that’s the intensity of the trend.

You are taking it, that many of the patterns are the similar, however worth goals are pointers.

So the associated fee can exceed the trend worth goal.

Now what I’ve

The carrier that I’ve began with is classical chart patterns and trend identity, one dimension doesn’t match all.

So everyone has a special taste.

Some public don’t utility prevent loss.

Some public utility prevent loss.

Some public take a look at weekly scale charts, and a few at day-to-day scale charts.

I counsel public now not to have a look at intraday charts as it’s too unstable and simply manipulated.

So day-to-day and weekly scale, I aim to center of attention, even on occasion on a per thirty days.

So what I’ve achieved is I’ve categorised breakouts.

I stated, there are 4 sorts of breakouts.

One, kind one.

Reserve breaks out and rallies to the associated fee goal with none pullback.

There’s a kind two breakout, hold breaks out, pulls again to the trend boundary, and nearest rallies to the associated fee goal, worth goal is met.

There’s a 3rd form of breakout, which breaks out, pulls again to the trend boundary, and dips beneath it.

K.

So now you’ve this man who

Makes use of a good prevent loss beneath the trend boundary, and tries to maximise the risk-reward.

K.

This man wishes to concentrate on the universe of kind one and sort two.

In order that’s his park.

That’s in truth what the result he must be expecting from the breakouts and once I take a look at that, the kind one and sort two over the seven-year era, classical chart patterns that I’ve analyzed, the good fortune fee is at 47%.

So you’ll see that.

The good fortune fee from 59.5 dropped to 47 p.c, however most effective for individuals who are making use of a good prevent, this will likely generate the brink as a result of 47 p.c with a one to 3 menace present is a a success technique.

Now kind 3 breakouts, when you are taking the kind 3 breakouts, which I’m assuming that in case you have a good prevent loss beneath the trend boundary and worth dips, you’re opposed out.

K.

The ones are out of the 59.5% good fortune fee, the ones are the 12.5% are the ones. 12.5%.

Now, something I’ve learned is that this. Between kind one and sort two, kind one is 27% of the breakouts, kind two is 20% of the breakouts.

What does that heartless?

That suggests if you’re looking ahead to a pullback to go into, 27% of the ones breakouts you’re lacking out.

So the belief is that this, breakouts.

Must be acted on the age of the breakout.

In an effort to seize essentially the most rewarding ones what I’ve learned is kind one breakouts which split out with none pullback and the price to the associated fee goal are those that exceed the associated fee goal.

What does that deliver us to?

So if you happen to calculate your menace present, to start with as 3, one to 3, with the associated fee goal in center of attention.

that it’s a sort one breakout.

How do you recognize that it’s a sort one breakout?

The hold destitute out and rallied to the associated fee goal with out touching the associated fee goal.

We’re very similar, like 2% clear of the associated fee goal.

At that time, you recognize that you just’re driving the kind one breakout, ok?

So that you’ve already calculated one to 3.

Why now not look ahead to one to 4 and one to 5?

There you seize essentially the most out of a pattern.

So whilst you understand that you just’re driving a sort one breakout, my advice to all my participants and fans is that, wait, path it with a trailing prevent as a result of that is the winner.

That is gonna generate extra on this uptrend, which is able to aid you to succeed in higher risk-reward within the breakout sign.

So kind one, kind two.

So that is how I categorised the breakouts and this more than likely is my addition to the literature, let’s say — as a result of whilst you learn Schabacher’s conserve.

Schabacher mentions that the finest breakouts hurry playground on the age of the breakout, which tells us that we will have to now not look ahead to the retest I discovered that from the seven years of statistics whilst you look ahead to the retest, it’s the 20%.

While you don’t look ahead to the retest, that’s 27% of the breakouts.

Later I spotted that if you happen to take a look at the ones sorts of ones, they at all times exceed the associated fee goal as it’s logical.

The common sense is if a hold is rallying to the associated fee goal, it has momentum.

It’s taking to move.

It’s going to simply move to, your preliminary calculation is one to 3 menace rewards.

Let’s say…

It’s taking to move to 1 to 4 simply and that one to 4, in reality provides to the base layout.

Rayner (59:51)

That was once informative, Aksel, I admire it.

You discussed, let’s say kind one breakout, you can carry your goal additional since there’s sturdy momentum, you move with a trailing prevent loss.

So how would you nearest, , path your prevent loss as there are, I believe some ways to do it?

So I’d like to listen to your strategy to it.

Aksel (59:40)

Yeah, the trailing prevent is the Chandelier move.

It’s to be had on-line all over.

So it takes the…

What I’m taking a look at is the 10-period ATR, however this era can also be modified, and the multiples can also be modified.

So that you hold the chandelier move, let’s say the trailing prevent, from the prime of that go.

So if a hold is making unused highs, it’ll hold it from that prime minus the more than one that you just outline occasions the ATR era.

Let’s say 10-period ATR you’re taking. 10-period ATR manner it has a glance again at 10 classes of true levels.

They hurry the common and come up with those ATR values.

So you are saying…

K, I’m gonna hold it 4 occasions the ATR, which will provide you with a much wider prevent or you’ll say I’m going to hold it 3 ATR or 2 ATR.

This once more, one dimension doesn’t match all.

Public want to sit down i’m sick and paintings on it and spot which they’re happy with.

How a lot of that revealed cash in they’re prepared to provide again?

How their hold is appearing relative to their ATR price.

How a lot of spikes are there in intraday or intra-week?

On that particular hold, if they will practice it, as an example, within the crypto area, two unstable, they want more than likely 5 ATR to not get opposed out.

In the event that they’re going with a quitness, low-volatile hold, two, 2.5 ATRs can also be carried out.

So that you could regulate in step with, or you’ll say irrespective.

That is what I’m taking to utility, 3 ATRs or 4 ATRs and I’m now not gonna optimize it as according to hold or device.

Rayner (1:01:56)

Alright and if I’m now not flawed, you discussed that breakouts there are differing kinds.

Did you are saying there have been 4 sorts of breakout or was once it 3?

Aksel (1:02:00)

Sure, 4 sorts of breakout, The fourth is a failure.

Oh, the fourth is a failure, so it’s a fraudelant breakout?

Yeah, fourth breakout.

K, in order that person who one doesn’t even get better like the kind 3 next retesting next dipping beneath the trend boundary.

So as soon as it falls beneath the trend boundary, it’s a straightaway failure.

It simply is going all the way down to the top of the vary.

Rayner (1:02:26)

K, so if that’s the case, your prevent loss, do you look ahead to the associated fee to roughly like similar beneath your prevent worth stage, or is it extra of like a slightly, and nearest you’re out of the commerce?

Aksel (1:02:33)

Ban loss will have to be touched.

You can’t look ahead to a similar as a result of there are a wide variety of difficult actions out there and you can not look ahead to a 20% i’m sick go on the terminate of the year to move a place.

So, stops will have to at all times be on the marketplace individually.

Rayner (01:02:52)

Let’s say assuming that you just’re simply taking to move with a regular breakout, , you’ve your access, your stops, and your goal, proper, which is, , you’re good-looking aspiring forward of age.

Let’s say the commerce begins to go on your partial do you nearest roughly like micromanage the ones trades or it’s both taking to be hitting your prevent loss or your goal?

Aksel (01:03:18)

The statistics that I handover are its chart trend worth goals as a result of like I stated if I practice 2 ATR, 3 ATR, which one is serving whom we don’t know.

So I give a suite of occurrences and that’s how I divided them into kind one, kind two, and sort 3, so public can get a really feel of the ones numbers.

What I do is outline a chart trend negation stage, now not a prevent loss, however a chart trend negation.

For instance, with head and shoulders base, it’s the low of the appropriate shoulder that negates the trend, ok?

So let’s say we’ve got a head and shoulder zenith, the appropriate shoulder of the pinnacle and shoulder zenith is the trend negation stage, which is also the extent for a protracted sign for a head and shoulder failure.

So it really works completely.

So for ascending triangles, the legislation within the trend boundary, the minor legislation within the trend boundary is the chart trend negation.

For a rectangle, it’s a slight bit extra subjective as it’s a flat section.

So I aim to discover a stage, a minor low within the trend that might employment as a chart trend negation stage.

So the statistics that I’ve compiled are both shares which might be attaining the chart trend negation or they move to the trend worth goal.

That is sensible.

Rayner (01:05:00)

K, that is sensible.

I’m simply pondering thru proper, whilst you stated that you just’re buying and selling rectangles and nearest perhaps it’s a sort 4 breakout the place it’s a failed breakout.

I’m taking to think that that’s a chart that you just’ll more than likely now not commerce for a life as a result of at this time your rectangle roughly like seems to be slightly bizarre with a spike up and spike i’m sick or would you roughly like redraw the triangle to hurry it under consideration that the majority contemporary prime of the breakout, the fraudelant breakout?

Aksel (01:05:58)

Incorrect, I simply moved to the subsequent alternative.

So even if I used to be managing finances you’ve a mandate, a benchmark, so the universe is proscribed, ok, so if a hold is within the index and it had a failed breakout you let fall publicity.

But if it completes the trend at the upside you need to build up publicity as a result of you can not.

So you need to, in order that alternative eager was once restricting. However for particular person concepts that you’ve got a unfilled sheet, you’ve an entire unfilled sheet to paintings on, you don’t, you’re now not restricted to that failed breakout.

As a result of as soon as a faker, it’ll be once more a faker going forward. So why now not move with a extra blank alternative?

Get started from scratch. So I began fending off the kind 3 breakouts, and re-entry methods.

Although if you wish to seize it, I even have written about it and featured a re-entry technique as neatly for individuals who are restricted to a undeniable universe and want to commerce that hold, they want to get in.

So a re-completion of the trend could be your re-entry technique.

Those are the kind 3 breakouts, that’s 12.5% of the breakouts.

Rayner (1:07:09)

So what are one of the vital ways that you just utility to reenter such kind 3 breakouts?

Aksel (01:07:15)

Kind 3 breakouts are those who penetrate the trend boundary and nearest get better above the trend boundary.

So in case you have carried out the ATR, let’s say trailing ATR stops to go into, it may well be the similar stage.

So the hold breaches that trend boundary.

With the similar proportion go or ATR go could be your reentry stage.

Once more, you’ll playground the prevent beneath the trend boundary.

Rayner (1:07:47)

Were given it.

So from what I’m listening to, let’s say…

You recognize, the associated fee breaks out, it comes backtrack. Let’s say the newest prime is at $60.

So if the associated fee exceeds $60 via a undeniable ATR margin, you’ll get lengthy as soon as once more as a re-entry.

Is sensible.

Were given it.

Superior.

So perhaps now we will be able to know, I believe that department was once very technical and I admire it.

Even, I discovered a ton from that division.

However now I roughly need to go on perhaps to a extra macro viewpoint of buying and selling.

So previous you spoke about getting into the top of the year and terminate of the year, proper?

So how do making a decision, guy, this chart trend, I’ll commerce it on the terminate of the year, or this one will probably be an end-of-week chart trend?

Aksel (01:08:30)

How do you roughly like come to a decision on that?

It’s the size that you just’re taking a look at.

So if you happen to’re taking a look at a day-to-day scale chart, it’s noteceable to concentrate on the end-of-day worth motion.

When you’re taking a look at a weekly scale worth chart, it’s the end-of-week worth motion.

For instance, gold, two charts, I past weekly and per thirty days and that is the moment and March was once the primary age that it’s closed strongly above the trend boundary.

However the weekly sign got here in March.

So the primary year of March, if I’m now not unsuitable, was once the weekly breakout sign.

It was once a powerful weekly candle.

So if you happen to’re taking a look and buying and selling the weekly scale worth motion, you will have acted on the terminate of that year.

However from an excessively long-term asset allocation viewpoint, you’ll simply look ahead to that per thirty days similar and place your self accordingly.

K, so one of the vital issues that I used to be doing was once most commonly specializing in the weekly scale charts when I used to be managing the finances.

The cause of this is yield.

You can’t reserve on performing on a day-to-day and nearest if it fails, move and nearest input once more.

So we have been being punished via prime yield.

Due diligence that was once being achieved via traders was once principally asking concerning the yield. So in case you have prime yield, access and move.

It’s not regarded as to be just right No less than for our mandate.

It was once now not regarded as to be just right.

So I impaired to look ahead to a weekly sign and the Weekly sign was once my affirmation as I used to be looking ahead to the weekly sign you can not employment on a Friday in The UAE it was once Thursday’s terminate of the year.

You can’t employment on a Friday since the dimension of the charity doesn’t help you input with that dimension on the terminate of the year.

So you need to scale in from Thursday or the year ahead of if it turns into unclouded that this can be a breakout.

It’s manner above the boundary.

So that you unfold your positioning into two days to 3 days or even two days plus Monday.

So I used to be taking a look on the weekly alerts to have extra conviction that this can be a showed breakout.

That still can fail. There is not any promise.

However no less than you don’t get whip-sawed with day-to-day scale charts, let unloved intraday.

So it’s the size that you just’re taking a look at.

The day-to-day scale makes a speciality of the top of the year.

The weekly scale would be the terminate of the year endmost.

Rayner (1:11:41)

You discussed that you just couldn’t input all on a Friday, is it since the dimension of your charity is simply too huge and if you happen to entered one place on only one year, you can roughly like go the marketplace, is that why?

Aksel (1:11:49)

Yeah, yeah. I used to be, the scale, the scale was once mainly may just lock the hold prohibit up in that year, one place dimension.

Rayner (1:12:06)

Oh, that’s distracted. {Laughs}

So yeah, I do know that you just scan many markets for alternatives from what I’m sight at this time. Crypto, the Forex market, commodities, and many others.

How do you move about scanning such a lot of markets for this sort of other breakup alternatives?

Aksel (1:12:22)

I believe, for the reason that we’ve mentioned the army carrier days, with the exception of the army carrier days, which was once round six months, I don’t suppose there was a year that I haven’t opened my Metastock charting platform.

I don’t suppose there was once a year, even if I’m ill, it’s like I believe fickle if I’m now not taking a look at charts.

So as an example, on social media or Bloomberg, otherwise you listen, you notice the ones charts, the inside track, the greenback is breaking out.

Later I’ve to revealed that greenback chart.

What’s breaking now?

Later I spotted that they have been speaking about an intraday worth motion.

Not anything is going on in truth.

So each unmarried year, I’m in entrance of my charting platform for no less than two hours and more than likely I advanced this capacity as a result of whilst you move thru hundreds of thousands of charts over, since 2000.

Say 24 years now more than likely hundreds of thousands of charts have piled up on this so whilst you move thru the ones charts you form this trend popularity capacity.

I’ve detectable it apparently plenty once I consult with a town I move thru a boulevard espresso store and nearest I see that espresso store or that boulevard on a TV.

I stated…We’ve been right here, it was once this.

In order that attention-grabbing trend popularity building took place in my mind more than likely over age.

Once I take a look at the chart, I instantly center of attention at the proper aspect and I do know what I’m in search of.

I do know the qualities that I’m in search of.

In order that is helping me to let fall the age.

That I scroll thru a chart.

Possibly one 2d to 2 seconds is the age that I spend on a worth chart.

I move in the course of the listing in no time.

So let’s say two to 3 hours according to year is my evaluation procedure.

Now and again it exceeds, however I don’t understand it.

So if you happen to benefit from the procedure, even supposing it’s 4 or 5 hours, it might more than likely really feel like two hours.

Rayner (1:15:04)

That’s determination, guy.

So, like, I heartless, I’m simply curious to listen to what’s your watchlist like.

Do you favor to begin with like all of the shares that get started with capital A, nearest move all the way down to BCDEFG to Z?

Is that the way you move thru the person charts or shares?

Aksel (1:15:21)

The platform that I’m the usage of MetaStock has develop into increasingly more arranged over time.

I really like their platform.

So they’ve a drop-down menu for every marketplace so Nasdaq 3000 names Fresh York Reserve Trade 4000 names.

They’ve hold sang index 40 names CAC 40 names so I added all of them into an inventory and divided them into Asia, Europe, The united states’s Heart East, and Africa.

In order that’s a bunch of shares.

At the moment, in my, for my timing, it’s 11:16 in two hours, and Asia will similar.

Asia will come with Japan, Hong Kong, Singapore, Australia, and Fresh Zealand shares, uh, shares which might be above a marketplace cap of $500 million.

Uh, that’s my filtering.

So I’m going to sit down i’m sick and spend a just right one and a 1/2 hours, two hours to move thru the ones temporarily.

With my timing round seven o’clock, which is next my dinner age, Europe closes.

So I move thru Europe and the Heart East, Africa shares.

Later on the terminate of the year, round my age, 11:15, 11 o’clock US closes.

US is a bigger universe and I don’t need to keep too lengthy.

So what I do is I aim to move 1/2 of america listing round 11 and nearest the subsequent morning I proceed once I get up mainly from 6.30 6 o’clock until 8 o’clock I do my US research as neatly.

In order that’s how I lead the evaluation procedure.

Those are day-to-day, each year I do that and on the terminate of the year, on weekends, I do the similar for weekly scale charts.

Incorrect terminate of the moment.

I’m now not doing that.

For weeklies, I’m doing the weekly as neatly.

Rayner (1:17:48)

So simply like every year is like hundreds of charts every year. Each and every year you’re simply going thru.

Aksel (1:17:49)

Yeah.

Rayner (1:17:50)

So if like you are taking two seconds for a chart, you move thru one thousand charts, , it’s like you’ll do the mathematics, proper?

How a lot age do you spend?

Yeah.

It’s now not taking to be two seconds as a result of you are taking age to move from one chart to a few perhaps some prolong from the platform and stuff like that.

Wow. Wow.

All I will be able to say is wow {Laughs}

K so my subsequent query was once about to invite, what’s your tackle buying and selling pullback?

I believe you mentioned that previous, if you happen to look ahead to a pullback you’re taking to leave out the go 27% of the age particularly if it’s a sort 1 breakout.

So I believe I’ll skip that query until you’ve one thing so as to add about that.

Do you’ve the rest so as to add about ?

Aksel (1:18:20)

Yeah, I believe pullbacks if it’s a part of your technique ok you need to know that no less than from my statistics being a retest and rallying.

So that is your universe and if you happen to’re ready to lead the risk-reward as it’s gonna come up with a greater access, proper?

When you’ve got a pullback.

It’s additionally tough to age the playground the place the pullback is gonna prevent.

Now and again the pullback is brief.

Now and again it involves the trend boundary.

In order that ready or that now not getting stuffed and that commerce is, uh, it’s stuffed with regrets.

I want I put it right here.

I want I put my access right here.

So the place do you precisely put that access?

So looking ahead to that pullback, I felt, I believe find it irresistible’s a bundle of regrets.

The regrets are painful.

You don’t need to have regrets.

You need to move with the stream kill that technique and settle for the end result.

Rayner (1:19:37)

Since , you take a look at hundreds of charts every year, I’m good-looking positive a couple of buying and selling alternative would possibly arise.

Possibly they’re each like, , rectangle patterns.

So how do you nearest come to a decision which commerce you need to hurry?

Aksel (1:19:50)

It’s the rectangles principally and nearest there the listing drops i’m sick since the alternative is what information tournament is pending.

I love to peer breakouts that hurry playground with none information impact.

So let’s say the hold has an incomes announcement within the subsequent two, or 3 days and the hold is breaking out.

I might in lieu skip that as a result of there will probably be a bundle of volatility information bulletins hitting the marketplace.  

I love to move with the ones breakouts that don’t have any occasions round them.

So both company movements or information bulletins, so the listing drops i’m sick.

In order that’s how I clear out and principally center of attention at the rectangles.

For shorter-term buying and selling, the finest are from two months to 4 to 5 months consolidations.

For the long term, I love to hurry the weekly alerts on weekly charts, that are year-long to 2 years lengthy.

Those are the longer-term patterns in that you’ll have wider stops and let fall, giving room for that concept to form.

However for a shorter promise, you even have this filtering that comes from two months to 4 to 5 months breakouts.

The tighter the vary, the simpler it’s.

The price of that vary will have to be preferably 10 to fifteen p.c of the associated fee.

When the ones alternatives stand the ones are the upper conviction setups.

Rayner (1:22:12)

So whilst you stated the vary will have to be 10 to fifteen p.c of the associated fee, let’s roughly like build issues easy.

Let’s say the hold worth is at $100, so the vary will have to be any place between $85 to $100.

Aksel (1:22:21)

Precisely.

Rayner (1:22:24)

That roughly vary, proper? Precisely.

As a result of the rest white, nearest the vary will get ridiculously immense.

Yeah. K.

Is sensible.

K.

What’s your tackle the concept that of relative power?

Is that this one thing that you just take note of?

Aksel (1:22:34) 

Relative power, sure, I take note of.

I take note of and with my paintings with one of the vital finances for which I do consultancy, I additionally aid them with relative efficiency charts.

Relative efficiency charts are decent and Apparently plenty chart patents mode on them as neatly, however you shouldn’t exaggerate the Number of the charts.

It’s once more rectangles and a few brief flag consolidations that you’ll employment on or else looking for unique chart patterns on relative efficiency is a slight bit overstretched.

So what I impaired to do is on the age of control of the finances, I had the denominator because the index, MSCI UAE index.

So all shares relative to the benchmark I needed to move thru to peer which shares are outperforming the benchmark, and which shares are underperforming.

So you can not move in opposition to the flow.

It’s the larger image.

So let’s say at this time you take a look at Nasdaq as opposed to Russell, Nasdaq is outperforming.

So the tech shares are the place the motion is going on.

So it’s perhaps higher if you happen to’re a top-down man, you can be taking a look on the tech shares as opposed to the Russell names.

So relative efficiency is noteceable and it may be used in other methods as neatly I revel in taking a look at them as a result of they’re natural worth charts.

It’s just like the Euro as opposed to the greenback, Microsoft as opposed to Tesla. It’s the similar concept.

The similar patterns can mode the best way an FX chart is inauguration.

Rayner (1:24:41)

Would you nearest love to utility that and imagine that as a part of your buying and selling?

For instance, you realize roughly specific commodities A and B proper?

They’re each commodities.

Possibly A Commodity A, the relative power is more potent in comparison to commodity B and perhaps commodity B has a possible rectangle breakout going down as neatly and perhaps for commodity A, the breakout has already befell.

So would you imagine purchasing the breakout on commodity B, realizing that on the subject of relative power, it’s now not as sturdy in comparison to commodity A?

Does that build sense?

Aksel (1:25:14)

Yeah, if I used to be making use of a special technique, I might have.

However at this level, it’s too time-consuming to include other gear and inputs into my decision-making.

As a result of I’m a natural momentum-based breakout technique man.

So for me in a bunch, let’s say, I’m taking a look at Eu banks in recent years, the Eu banks are the great go.

Let’s say I spot 10 other Eu banks, ok?

For me, essentially the most noteceable sign is the primary sign.

The one who breaks out first, would be the most powerful.

So I move with that.

I don’t wait simply because HSBC has higher basics.

I don’t look ahead to HSBC to split out when ING is breaking out or Unicredit is breaking out.

The breakout sign issues essentially the most for me and once I’m taking a look at the ones Eu banks, simply doing relative efficiency between every certainly one of them is tremendous time-consuming, however it may be achieved.

I’ve achieved it within the occasion.

I’m nonetheless serving to some finances with the consultancy to have a look at relative efficiency and I will be able to say that it’s an noteceable property that you’ll think about to seize longer-term or somewhat longer-term actions between shares, which one to choose.

Rayner (1:27:05)

However for your self, as a result of to reserve issues easy, you simply merely move alongside the primary breakout and simply reserve issues easy as it’s.

Aksel (1:27:11)

Yeah.

Rayner (1:27:12)

So I believe some other factor that from what I’ve collected is that you just love buying and selling rectangles and likewise you take a look at the 200 era shifting reasonable to roughly outline the long-term pattern.

So worth is above the 200 MA, the craze is up, and you purchase the rectangle, that’s just right. So what about… So am I proper nearest to mention that…

The hold marketplace typically is extra in a long-term uptrend, it’s extra bullish than bearish.

So maximum of your trades, I assumption, are extra lengthy than brief.

Aksel (1:27:41)

Yeah, yeah.

Lengthy concepts are more than likely 80% of all of the alerts up to now.

We had two other years, 2018 and 2020 all through COVID, when markets tanked and when there was once a V reversal, I failed badly.

K, It’s not that i am ready to seize V reversals as a result of I’m now not a base picker.

I love to peer shares rebound, mode some roughly a bottom, and nearest get started a unused pattern.

So at that section, I’m misplaced.

What I do is I aim to instantly take a look at alternative alternatives that may give me the upside when the markets are having a V reversal.

So mainly…

The 200-day shifting reasonable, the 200-day shifting reasonable could be very useful in figuring out the ones.

So in 2018 and 2020, the MSCI All Nation International Index, which is the benchmark that I’m taking a look at offers me the whole viewpoint for world equities as a result of I’m additionally taking a look at rising marketplace shares.

Now and again there are some frontier equities that I past.

So the MSAL Nation International Index, with its 200-day shifting reasonable, when it falls beneath the 200-day reasonable, and the marketplace crashes or collapses, you get started sight bearish chart patterns.

I used to be ready to seize perhaps 10 to fifteen% of the guidelines as bearish setups.

However most commonly it’s been bullish setups and I will be able to say 80% have been lengthy concepts from the classical chart patterns.

However that doesn’t heartless that if hold markets input right into a undergo marketplace and keep in a undergo marketplace subsequent 5 to 6 years, we’re now not going to peer bearish chart patterns.

To the contrary, there will probably be bearish chart patterns creating.

You simply want a longtime pattern to peer increasingly more on the terminate of the year don’t seem to be enchanment, don’t seem to be voodoo, or they’re consolidation classes, ok?

So when shares consolidate, they mode a kind of patterns.

It’s both a rectangle or ascending triangle or head and shoulder continuation and so they all inform the similar factor.

Next this consolidation, a pattern would possibly form and your task is to seize that pattern so that you could seize that pattern, you first want to determine the consolidation.

When you don’t know what the degree of the marketplace is, you’ll now not have the ability to outline the craze era or refer to pattern era.

So chart trend helps us to spot that consolidation era.

It’s simply giving it a reputation.

Rayner (1:31:09)

So I’m taking to backpedal a slight bit right here and perhaps speak about consolidation rectangles.

So I need to understand how do you draw those barriers.

As a result of now not at all times the chart, the associated fee will simply the precise sense, rebound.

Now and again it would exceed, and on occasion it would now not even contact that stage.

So how do you nearest join the dots?

How do you draw that horizontal layout for your chart?

What’s your means?

Aksel (1:31:30)

It’s a slight bit tougher than a science.

I’m making use of the best-fit idea and seeking to contact as many issues as conceivable at the worth chart and get similar up to conceivable to that minor prime or minor low.

In order that’s how I’m drawing the limits.

Rayner (1:31:58)

Am I proper to mention that there will probably be occasions when if the boundary isn’t as had to scribble the promise want as you such as you simply forget about it and go directly to the subsequent…

Aksel (1:32:08)

Forget about forget about sure forget about and go.

Rayner (1:32:09)

K

Aksel (1:32:09)

I’m now not certain with uh with that particular alternative that’s the that’s the great section about uh having a large universe and a unfilled sheet.

Rayner (1:32:23)

Yeah, that’s the good thing about taking a look at hundreds of charts every year. {Laughs}

Aksel (1:32:24)

Yeah, you’ll you’ll take a look at some other alternative that has the easiest boundary and employment on that.

Rayner (1:32:33) 

 K, and perhaps to the touch on menace control, how do you nearest lead your menace?

I believe previous you mentioned atmosphere stops and goals, however perhaps on the subject of proportion dangers or perhaps having a portfolio of 10, or 20 shares, is there like a prohibit, a cap to what number of shares or positions you’ll be in at anyone level in age?

Aksel (1:32:50)

Smartly, with the temporary technique that I’m making use of for my very own, a most of 5 to 6 with 1% of AUM in danger.

This doesn’t heartless six of them keep revealed.

A few of them succeed in worth goals, a few of them get brought on and you’ve got to get out.

However most commonly no more than six revealed concepts at a age, which places you round 4 to five% price in danger.

At any level in age.

Rayner (1:33:36)

So if the worst factor occurs, simply growth, proper?

5% max loss, that’s it.

Aksel (1:33:40)

Now and again now not precisely as a result of some shares revealed with an opening i’m sick, but additionally there are gap-up openings as neatly.

So low or immense numbers take charge of it over the long-term that sinful issues can occur, however just right issues can occur as neatly at the upside the place you haven’t gradual.

This is proficient to you favor the best way an opening i’m sick occurs but it surely nets out with masses of concepts.

Rayner (1:34:18)

According to your perhaps enjoy or information that you’ve got, do you to find that within the shares that you just store, the distance up, happens extra frequently than the distance i’m sick?

Because you’re buying and selling the path of the craze?

Aksel (1:34:28)

I believe enjoy over 4 or 5 years, I might say equivalent quantity of occasions I’ve skilled.

I’ve skilled some great surprises at the upside and a few nasty surprises at the problem as neatly.

Rayner (1:34:53)

When the marketplace is revealed, so I’m guessing your stops, you nearest would put the stops together with your brokerage or is it extra of a psychological prevent as soon as the objective is reached?

Incorrect, incorrect, it’s at all times on the marketplace.

The stops need to be at all times available on the market.

K, were given it.

Possibly simply to go on and communicate a slight bit about crypto, proper, since you do percentage rather a couple of crypto charts.

What’s your hurry?

The crypto markets perhaps usually?

Aksel (1:35:18)

Crypto markets are attention-grabbing.

Such a lot of tickers in the market.

Rayner (1:35:29)

Sure.

Aksel (1:35:29)

It’s like shares that move on IPO and corporations in the end, move bankrupt, and so they get delisted.

I’ve such a lot of tickers that were given delisted within the crypto area.

So, It’s some other device of hypothesis.

That’s what I’m sight.

Some are gonna live to tell the tale and develop into a de-think, which is gonna be a part of the next-gen, more than likely forex or the monetary medium that we get serious about.

However maximum of them are taking to be simply the outer edge hypothesis device.

That’s how I’m sight it.

However what crypto created is straightforward get right of entry to for the overall folk to 1, revealed an account.

Opening an account is tremendous simple, proper?

With the digital camera popularity, you’re ready to revealed an account storehouse cash, and commerce cryptos.

The second one is that it allowed the folk to get serious about monetary tools and feature the potential of making a living or shedding cash.

These days you can not even revealed a locker account in that brief era, which is a a lot more established establishment or a brokerage account.

You must move thru such a lot of due diligence and tests and so forth.

So its simple get right of entry to helps it unfold broadly and rapid as neatly.

Once I percentage a crypto chart It will get 10-15 occasions extra likes in social media than a hold chart and a hold chart isn’t a easy hold chart.

It’s on occasion Tesla, however a FET US greenback crypto chart is getting 300 likes as opposed to a Tesla with 100 likes.

The involvement in crypto is immense.

That’s what I’m sight at this time.

Rayner (1:38:09)

As a result of crypto is rather a unused marketplace in comparison to established markets just like the S&P, and Nasdaq.

So do you to find that perhaps breakouts in those markets have a tendency to be extra decent in that sense?

Aksel (1:38:20)

Sure, it’s momentum-driven, much less basics.

It jogs my memory of my early days within the UAE, the place corporations weren’t publishing monetary statements each quarter.

You impaired to attend, there have been delays, and so forth.

So even the basic charity managers needed to depend on technical alerts to lead positive positions.

So basic knowledge was once restricted.

So it was once most commonly momentum-driven and psychology-driven.

Within the crypto marketplace, I’m sight it alike.

Except for more than likely Bitcoin or ETH which has a tale.

Yeah.

So most commonly it’s, it’s momentum pushed.

I’m sight, and the proportion strikes additionally display that according to year.

Rayner (1:39:27)

I used to be simply pondering too, so previous you mentioned your temporary buying and selling, at maximum you store I believe six positions, however I forgot to invite, what about your long-term buying and selling or investments?

How do you nearest lead your menace in that facet?

Aksel (1:39:38)

Lengthy-term I love to move with extra illiquid belongings.

I’m diversifying my belongings into gold, actual property, and a bigger portfolio of passive income-generating belongings.

So the buying and selling aspect isn’t a abundance section, however simply plenty to generate some go back, and alternative portions are extra fix to passive income-generating belongings. I’ve had some good fortune over the occasion couple of years in actual property.

It’s more than likely attention-grabbing {that a} hold dealer or anyone who has controlled finances that haven’t held the belongings bodily is in search of extra bodily belongings to stability his portfolio.

So I just like the bodily facet of items.

To peer the true property, to peer its presence.

Rayner (1:41:08)

Let’s speak about actual property nearest, proper?

So is it like actual property, the place do you make investments?

Is it farmlands of your experience in a foreign country, native, and many others?

Aksel (1:41:17)

Actual property is the playground the place I reside mainly.

I by no means take a look at actual property as an funding, however extra like would I wanna reside on this playground?

That’s my preliminary motivation.

I’ve learned that over the occasion six, or seven years, the true property that I were given serious about Bulgaria, Jap Eu marketplace, some in Greece as neatly, which is a closed marketplace, each had been in inns.

So very a lot fix to the financial system and the financial system is booming.

When you take a look at the shares of Airbnb, reserving.com, go corporations, and bliss corporations, their shares are booming.

So the financial system is booming.

There’s inflation and the ones belongings have tripled and worth over the occasion 4 to 5 years from the age that I were given concerned.

Be mindful they’re now not big-ticket purchases so I’ve learned that smaller devices are extra in call for as a result of nowadays’s crowd constructions have 4 or five-bedroom parks as opposed to they’re proud of a mini crowd, two-bedroom, one-bedroom devices, and homes.

So the ones belongings have picked up extra, I believe like in worth as opposed to immense homes.

That’s my enjoy on this pocket.

Rayner (1:43:36)

So from what I’m listening to, , you can need to purchase actual property parks that you need to reside in and preferably roughly just like the smaller dimension devices, proper?

As a result of the crowd construction.

Aksel (1:43:45)

Yeah. I love to peer, I love to really feel the marketplace as a result of I don’t, I don’t need to move and spend money on Hong Kong at this time.

K. Actual property, which I do not know about.

What I’m sight, I’m happy with.

I need to breathe that marketplace’s momentum.

I need to see the infrastructure enhancements and the traits which might be taking playground in that playground.

You move on vacay, you move see the enhancements and you’ve got a sense of the playground.

So the ones are the parks that I believe at ease hanging my investments.

Rayner (1:44:28)

Is it a alike philosophy as breakout buying and selling?

You need to peer momentum occurring round that playground ahead of you roughly like…

Aksel (1:44:34)

Seems like, yeah.

Kind of. K.

You need to peer the affirmation.

You need to peer…

Rayner (1:44:43)

So that you’re now not such a lot of an individual of like, let’s say…

“Oh, there’s a financial crisis, you know, real estate prices are low, let’s go in and buy some stuff”

You’re now not roughly price making an investment according to se, however extra of like, , life issues are doing neatly, let’s get in at this, , worth when issues are taking a look just right.

Aksel (1:44:56)

Uh, yeah kind of but additionally let’s be truthful as a result of uh, I were given fortunate with uh with a few of my uh Investments right here in Bulgaria uh I I noticed the chance, and uh, this more than likely is as a result of the parks that I’ve been to that I lived in several parks.

I’ve detectable that there’s a chance that public don’t seem to be sight it.

Uh, and, uh, it ended up being the base.

Hmm. Um, in order that no one sought after to the touch proper ahead of COVID and COVID even, uh, made issues extra thrilling as a result of, uh, the playground that I’m at this time is clear of towns.

So public on a tight schedule out of towns to the suburbs and public began valuing past outdoor of towns, which gave them extra autonomy.

The house administrative center thought additionally helped to push the costs of suburban dwelling.

Rayner (1:46:26)

So now that costs are like, , upper in comparison to the place you purchased them, do you’ve plans to move the ones long-term trades or is it roughly like proceed retaining?

Aksel (1:46:35)

I believe proceed retaining as a result of they’re producing passive revenue and it’s at all times just right to have passive income-generating belongings on your holdings.

They pay the expenses and reserve you at ease life you’re buying and selling.

In order that’s it.

At the moment I don’t have plans to promote costs are in reality low in Bulgaria, particularly on this a part of the rustic.

I don’t understand how issues have been in Singapore or Asia, however as an example, in Dubai, we’re speaking about costs of $2,500 to $3,000 according to sq. meter.

We have been at 300 euro according to sq. meter right here and now costs have picked as much as 1100 euro according to sq. meter and there’s more than likely doable of it taking to 1500, 1600 euro according to sq. meter.

It might simply move there as a result of public get started valuing constituent of past otherwise.

As companies, as the concept that of companies exchange, turning into increasingly more on-line, training is turning into increasingly more on-line public don’t seem to be fix to towns anymore.

So they would like the new wind, they would like the leisure actions.

So I believe like increasingly more outdoor of towns are gonna have the benefit of this.

Trade of developments in AI and the way we paintings.

How we paintings and the way we find out about.

Rayner (1:48:48)

An excessively alike phenomenon has took place in Singapore as neatly.

I believe COVID, we concept housing component costs would let fall, however such as you stated… extra public work at home, far flung operating.

Costs right here in truth soared to good-looking prime now.

So I believe we mentioned according to sq. toes, , personal homes about $1,000 according to sq. toes.

I’m now not positive what the conversion to a sq. meter, however a normal component right here, one thousand sq. toes area you’ll be expecting to pay from between 400 thousand to 1,000,000 greenbacks and this community housing isn’t even personal.

Personal you’re taking a look at seven figures and past over right here so it’s good-looking distracted over right here yeah.

Aksel (1:49:27)

Yeah I heartless all through an inflationary age that is an asset that’s retaining its price and extending its price so it’s it’s via default that ok there’s the greenback’s interior price of the paper currencies are taking place, so the belongings are retaining its price.

Rayner (1:49:55)

So is that the similar explanation why you purchased gold, you discussed gold as neatly.

Aksel (1:50:50)

Sure, sure.

The ones are the similar causes that I sought after to move into dry belongings as a result of the price of the shedding price of the currencies.

Rayner (1:50:19)

Yeah, the declining buying energy.

Aksel (1:50:20)

Declining buying energy.

Yeah.

Particularly I noticed the chart of- What you have been purchasing, you’re now not ready to fill your basket in a gather with what you have been paying two years in the past.

Incorrect manner.

Rayner (1:50:36)

I believe you posted the chart of the greenback in opposition to the Turkish lira a couple of occasions.

It’s distracted.

That’s- That’s ridiculous.

Aksel (1:50:39)

Extreme, very severe.

Rayner (1:50:40)

What about Bitcoin, I’m curious since Bitcoin is more or less like a virtual function in that sense.

Is that this one thing that you just store as neatly?

Aksel (1:50:51)

Cryptocurrencies are an enchanting ground.

It has its rules.

So with the in reality regulated tools, I love to become involved, which is being to be had now increasingly more.

So so long as it’s regulated, given the nations that we’re dwelling in all over have their rules and boundaries, nonetheless the institutional device isn’t tremendous happy with the device itself.

They’re taking to develop into extra happy with regulatory leeways and allowances in several nations, I assumption.

Rayner (1:51:51)

I perceive.

Now let’s go directly to the endmost division, we could?

I’d like to listen to perhaps extra about TechCharts, which is the training corporate that you just based.

Aksel (1:51:01)

Yeah, so TechCharts began in 2016 as an academic carrier.

So what I’ve taught is that I’ve advanced this skill to have a look at charts cleanly and I spotted that such a lot of public who’re settingup in technical research and charting have the potential of shedding a few years the best way I did.

Transferring from one thought to some other, hoping of counting on a special technique, taking a look at issues otherwise, and working out.

So I stated — I will be able to simply aid public to shortcut no less than two to 3 years in their advance and get started with a blank viewpoint of what’s operating extra frequently than now not.

That was once my preliminary motivation as a result of I labored with such a lot of basic guys and I consider that over time that I labored with them, I’ve modified their viewpoint against classical charting and charting itself.

So a basic worker of mine would take a seat in entrance of a Bloomberg display screen with all of the codes, and tickers, and nearest he would have a day-to-day chart revealed on a portfolio that he’s managing and rebalancing each quarter.

So I impaired to mention, why are you taking a look on the day-to-day chart?

You will have to be taking a look at a weekly chart for this hold, what it’s doing and I defined to them the craze classes and the consolidations, essentially the most unadorned sense.

I spotted that there’s a bundle of awakening going down there.

I believe with this carrier, I helped many public to have that awakening and to go quicker to the subsequent degree in their advance the place they are able to get started making use of the chance control and psychology of items and be informed buying and selling via making use of it, via doing it.

As a result of I’ve a trust that you can not train buying and selling.

You’ll teach a health care provider, you’ll teach an engineer, however that individual must move out and enjoy it themselves.

A great well-known physician and an common physician, the too much is that it’s the similar as a really perfect dealer and an common dealer.

There’ll at all times be this too much. You, even the Turtle investors got the foundations and find out how to practice them, however each certainly one of them ended up other.

So it’s that 2d a part of that advance that they are able to get started specializing in via accelerating this trial and mistake within the charting section that I need to aid.

 I believe it’s been useful for lots of public.

In the meantime Uh, let’s now not disregard I’m cooking meals and I’m serving it so the guidelines that I’m producing.

There can also be 20-25 concepts and I would possibly make the most of 5 of them however 15 of them are taking to move to the rubbish or receive advantages one of the vital participants.

So I determined that I may just spill out the ones concepts that I’ve discovered as a part of the club carrier.

So there’s the training section and the appliance section, the signaling a part of the carrier that has been useful to many that don’t have the age to move thru the ones charts each year to position that two hours residue age or 3 hours residue age.

So I believe it’s been a win-win.

It assists in keeping me extra centered and disciplined once I scribble issues once I bring together issues in combination, I keep extra centered. It is helping me to arrange myself.

It is helping the participants additionally to get one thing in go back the place first they cut their age of analysis, 2d, they cut their age of advance in studying charts and turning into extra able to taking a look at issues.

Entered via By way of giving them those tutorial movies tutorial sides of items or how issues labored within the occasion and the way issues can go going forward a bundle of public suppose that with the advance of the monetary markets Classical charting opposed operating.

But if I put a chart from the Forties Edwards and McGee and put a chart from the crypto marketplace nowadays, it’s stunning to peer that.

They observe the similar trend in utterly other markets for nearly 60 years, 70 years, or perhaps a century-long chart having the similar trend as nowadays.

In order that’s like awakening for a bundle of public.

It makes them extra interested by researching the ground, which I believe I’ve been ready to succeed in up to now.

Rayner (1:58:14)

Would you are saying nearest since breakouts generally tend to paintings higher in lesser widespread names, much less liquid markets, so chart patterns or classical chart patterns usually, would you to find higher alternatives within the extra difficult to understand markets, in comparison to the ones that are very, {that a} bundle of public take note of.

So I assumption for a unused dealer who perhaps desires to discover a higher probability of good fortune, center of attention on those difficult to understand markets in lieu than the very widespread ones.

I wouldn’t say that as a result of like I stated, as an example, on Microsoft, you may now not to find that very best rectangle inauguration each alternative moment or in a 12 months, 3 times or 4 occasions in a 12 months.

However as soon as in a 12 months, you may to find it in an excessively crowded hold like that.

However in much less centered names you may to find that arrange extra regularly.

That’s what I will be able to say as a result of I’ve detectable very liquid names having very best chart patterns.

This doesn’t heartless they don’t mode in any respect however they’re much less customery to come back throughout.

They’re more than likely extra just like the trend barriers may well be extra violated than a much less crowded hold.

Rayner (1:59:35)

K, so simply to elucidate, whilst you speak about frequency, perhaps let’s say — An excessively widespread hold, perhaps over 5 years, that tradable trend would possibly occur one age, while now not so widespread hold over 5 years that tradable trend would possibly seem perhaps 5 – 6 occasions.

Is that what you heartless via the frequency?

Aksel (1:59:51)

Precisely.

Yeah.

Rayner (1:59:52)

Were given it.

K.

Aksel (1:59:53)

However nearest you’ll move and hurry that Microsoft and nearest hurry that Tesla, hurry that ExxonMobil, hurry the alternative title, and nearest build up the ones patterns inauguration.

So you continue to have that possibility.

That’s why I at all times advise you to widen your analysis universe.

Don’t take a look at simply Fb.

Don’t take a look at only a Tesla title.

Have a look at a much wider universe.

Journey a slight bit extra outdoor of the ordinary names so that you could to find extra of those setups.

Rayner (2:00:31)

That is sensible.

Additionally, I believe for your web site, I noticed that there’s this type of like a tagline that claims that…In affiliation with the issue buying and selling, which is, , from Peter Brandt.

In order that’s roughly just like the association or the hyperlink i’m sick there?

Aksel (2:00:47)

So the hyperlink is that Peter has been a educator. In 2011, I learn his Diary of a Skilled Commodity Dealer.

Principally, in 2007, I began making use of the classical charting ideas to the UAE markets and nearest I began sight the good fortune nearest in 2011 I began studying Peter’s conserve and who has been making use of it to the commodity markets and all of it clicked.

We interacted and nearest I joined his dealer’s boot camp in 2014

We began pondering of doing this larger library of classical chart patterns in combination.

So all this knowledge that is going into this database that I’m developing about classical chart patterns will optimistically develop into a part of a larger factor going forward and a part of a go-to supply in classical charting.

So mainly in 2016 once we introduced this TechCharts club carrier, our motivation was once to concentrate on equities and aim to store as many information issues as conceivable that we will be able to find out about going forward or even practice other menace control to it to peer what can pop out of it.

So that is our affiliation with him, operating in this in combination and making it a miles higher classical chart trend library.

Rayner (2:02:47)

K, were given it.

Is there the rest proper that you just need to upload or speak about that we didn’t guard in nowadays’s consultation?

Aksel (2:02:57)

Concerning the chart patterns, I need to speak about them as a result of we’ve touched on rectangles.

Our brains have the potential of learning restricted patterns in a single shot.

When you power your self on let’s say one hold to seek out 8 or ten other chart patterns, you’ll be unsuitable, you’ll be misled, and to find issues that don’t exist.

So I need to similar this podcast consultation via giving a snappy tip for public who’re settingup their advance to restrict the choice of patterns that they’re in search of and build up the choice of tools.

So let’s say they center of attention on two to 3 patterns.

Let’s say a rectangle or cup with a care for.

This cup with a care for is essentially the most widespread in recent years as a result of the volatility contraction trend that has been mentioned in several books.

So let’s say you take a look at a rectangle and cup with a care for, however take a look at one thousand names.

That tumbler with care for even prohibit.

The era that you just’re in search of, like let’s say 4 to 5 months of cup fake.

Sure, the alternatives will probably be restricted, however you’ll to find, that your optical will get started in search of that trend continuously, and it is possible for you to to seek out the patterns which might be legitimate at the worth chart.

Instead than opening one chart and seeking to center of attention and say…

Is there a unbending triangle?

Is there a wedge right here?

Is there a pattern layout right here?

Is there a head and shoulder?

The listing is going on and it turns into complicated and the finest in truth, what I discovered is to restrict the patterns as a result of we can not procedure that a lot knowledge at one glance.

Rayner (2:05:22)

This sort of jogs my memory of a… I’m now not positive what’s the precise promise but it surely’s one thing alongside the traces of the reticular activation device the place your mind begins to get very usual with the trend that you’re sight and nearest it roughly triggers every time such patterns seem.

It’s roughly like muscle, you need to reserve coaching it to form that device, yeah?

Which is what you’ve achieved over time, proper?

1000’s of fees keep every year and now every time you notice a trend, , that’s it, proper?

If now not, you go directly to one thing else.

Aksel (2:05:47)

Yeah, I even counsel public print out the patterns that they’ve traded effectively.

That could be a textbook rectangle, textbook head, and shoulder, and print it and submit it on their desktop and reserve an optical on that.

Book an optical on that to peer if what they’re taking a look at resembles the similar trend.

Be it the era, be it the intensity.

Quickly, synthetic judgement tool will have the ability to seize the ones.

I’m 100% positive that we’re stepping into that path.

However till that occurs, we’re nonetheless unloved on this strategy of discovering the patterns that we need to commerce and employment on them.

Rayner (2:06:38)

Superior and the place can investors to find you, proper?

In the event that they need to join with you.

Aksel (2:06:43)

I’m on Twitter, TechCharts, on-line I’m on TechCharts.internet and YouTube movies also are to be had with the TechCharts extension.

So in the event that they move to my Twitter profile or X profile TechCharts, they’ll have the ability to see the hyperlinks for YouTube and my web site as neatly.

Rayner (2:07:13)

I extremely suggest proper, investors achieve this as a result of your Twitter feed has one of the vital cleanest proper classical chart trend feeds that I’ve come throughout.

So , investors will have to take a look at your Twitter feed or X feed out.

Sure.

So thanks such a lot on your age, Aksel.

I admire it.

It’s been an implausible consultation, proper?

Talking with you.

Aksel (2:07:30)

Thank you, Rayner.

Similar right here.

I admire having me for your display.