Trading Fundamentals Final Exam

Which statement is incorrect?

It is important to have a trade plan so that at a minimum you have rules around entering and exiting trades, risk management, what and when you will be trading the market
Having a plan is essential for achieving trading success.
A good trading plan need to be complex.
A trading plan should be written in stone, but is subject to re-evaluation and can be adjusted along with changing market conditions
A solid trading plan considers the trader's personal style and goals
Knowing when to exit a trade is just as important as knowing when to enter the position.

Which statement best describes Top down technical analysis

Top down analysis looks at the higher time frames first, working its way down the time frames. E.g. Daily then 4hr then 1hr
Top down analysis looks at the peaks of a chart and the troughs and uses fibs to determine where price will likely reverse.

A trade plan should be a personalized document unique to the trader however at a minimum, what should every trade plan contain?

What time frames you will trade on.
Size of your trade i.e amount of acc risk per trade
Your market indicators that identify your entry points
What your meal plan will be for the week
Where you will exit the trade
How will you monitor each trade

Once you’ve written your trade plan can you change it?

Yes you can change it anytime even to suit a trade you are looking at
Yes you can change your trade plan to improve it based off previous trades
No once you’ve written your trade plan you need to stick with it.

Can you break the rules of your trade plan if you see a really good opportunity?

Yes this is OK as long as you make money off the trade
No, Even if you end up winning the trade, its a bad habbit to get into. Long term you will lose.

At a minimum What time frames should you identify support and resistance on?

30 minute
1 hr
4 hr
Daily

It is ok to place a trade without a stoploss if I’m watching the trade

True
False

What is the minimum number of touches needed to confirm a trend line?

2
3
4
5

What does the doji candle represent?

the market is about to head up
the market is about to head down
market has reached a point of indecision
it is a buy signal

What is Three black crows pattern?

Bullish pattern consisting of 3 bullish candlesticks representing a possible trend reversal.
Bearish pattern consisting of 3 bearish candlesticks representing a possible trend reversal.
An indecision pattern representing a possible trend reversal.

Who Talks the most?

dids
Davo
Cass

What is RSI used to primarily evaluate?

Overbought and oversold conditions
Market trends
Whether a market is trending or not
direction of the market

What needs to happen with the MACD that could be considered a bullish signal?

Signal line crossing over the MACD line.
MACD line crossing over the signal line.
Histogram shadow turns Green

How many types of divergence is there?

2
3
4
6

What are the three triangle patterns?

symmetrical
bullish
ascending
bearish
acute
isoceles
descending

Can you drive a car at 200km/h with binoculars on?

Dids says no, you'll crash and get wrekt!
Whats this got to do with trading? If you don't know you need to watch the final lesson again.

Which of the following is not a chart pattern?

Head and shoulders
Double bottom
mountain tops
adam and eve
diamond

True or false: Falling and rising wedges are a form of continuation pattern?

True
False

When demand for a coin is greater than supply what is likely to happen to the price of that coin.

The price of the coin will decrease.
The price of the coin will increase.
The price of the coin will remain unaffected

When is a supply or a demand zone created?

When there is an imbalance between buyers and sellers.
When price moves upwards.
when price moves downwards.
Supply and demand zones are created at random

Is a descending broadening wedge a bullish or bearish continuation pattern?

Bearish continuation pattern
bullish continuation pattern

Which of the following are some of the most common fib levels?

0.236
0.382
0.5
0.618
0.86

Which of the following is NOT a fib extension level

2.618
1
0.618
1.618

Elliot Waves consists of how many waves?

3
4
5
6

Which 3 waves are the impulse waves

1
2
3
4
5

Between what 2 retracement levels is considered the golden pocket?

0.236
0.382
0.5
0.618
0.65
0.786

What does EMA Stand for?

Economic Market Analysis
Exponential Moving Average
Extra Moving Average
Exponential Market Average

What is one of the main moving averages strategies?

moving averages divergence
moving averages crossover
moving averages trends

Is Dids a dickhead if he breaks his trade plan?

Yes, definitely a dickhead if he breaks his trade plan.
No Dids can do whatever he likes

Who should select the music for the start of zoom calls

Dids
Davo

Trading Fundamentals Final Exam

DavoH March 9, 2023

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question

11. Question

12. Question

13. Question

14. Question

15. Question

16. Question

17. Question

18. Question

19. Question

20. Question

21. Question

22. Question

23. Question

24. Question

25. Question

26. Question

27. Question

28. Question

29. Question

30. Question