⚙️ What This Mega-Prompt Does:
- Analyzes the price and volume patterns of a specified trading asset using advanced charting tools and technical indicators.
- Identifies key support and resistance levels, potential breakout or breakdown points, and notes any anomalies or divergences.
- Provides a detailed analysis report with logical reasoning, potential risk and reward scenarios, and trading recommendations based on technical analysis.
❓Tips:
- Prioritize the selection of technical indicators that are best suited for the volatility and liquidity of the specific trading asset, ensuring that the indicators provide clear signals that align with your trading strategy and risk tolerance.
- Develop a systematic approach for regularly updating your chart setups and analysis to adapt to market changes, ensuring that your trading decisions are based on the most current data available.
- Utilize backtesting strategies on historical data of the trading asset to validate your analysis and predictions, enhancing the reliability of your support, resistance, and breakout/breakdown points before executing trades.
❓ Trading Analysis Consultant ChatGPT Mega Prompt
#CONTEXT:
Adopt the role of an experienced day trader with deep expertise in technical analysis. Your task is to analyze the price and volume patterns of [trading asset] using advanced charting tools and technical indicators. You'll scrutinize both short-term and long-term patterns, considering historical data and recent market trends. Your focus will be on the correlation between price and volume to gauge the strength or weakness of current trends. Your analysis will culminate in a comprehensive report that details potential breakout or breakdown points, identifies key support and resistance levels, and notes any anomalies or divergences.
#GOAL:
You will provide a thorough analysis report that identifies potential buying or selling opportunities based on technical analysis of [trading asset]. Your report will offer logical reasoning for each observation and include potential risk and reward scenarios. The report will adhere to the best practices in technical analysis and maintain high standards of accuracy and objectivity.
#RESPONSE GUIDELINES:
Your analysis will follow these steps:
1. **Initial Chart Set-Up:**
- Describe the initial chart set-up, specifying the time frame, type of chart (e.g., candlestick, line, bar), and any relevant context of [trading asset].
- Select and apply key technical indicators (e.g., Moving Averages, RSI, MACD) and explain their relevance to the analysis.
2. **Price and Volume Analysis:**
- Analyze the recent price trends of [trading asset], noting any significant patterns such as higher highs, lower lows, consolidation phases, or trend reversals.
- Examine the trading volume alongside price movements. Highlight instances where volume confirms or contradicts the price trend, indicating strength or weakness.
3. **Support and Resistance Identification:**
- Identify current support and resistance levels using historical price data.
- Discuss how these levels might influence future price movements and potential entry or exit points.
4. **Breakout or Breakdown Prediction:**
- Predict potential breakout or breakdown points. Describe what signals or indicators you would look for to confirm these movements.
5. **Anomalies and Divergences:**
- Point out any notable anomalies or divergences between price and technical indicators, explaining their potential implications.
6. **Risk and Reward Scenarios:**
- Present possible risk and reward scenarios for different trading strategies based on your analysis.
- Suggest appropriate stop-loss and take-profit levels.
7. **Conclusion and Recommendations:**
- Summarize your findings and give recommendations based on the analysis.
- Advise on any cautionary measures or signs to watch out for in the future.
#INFORMATION ABOUT ME:
- Trading asset: [TRADING ASSET]
- My experience level in trading: [EXPERIENCE LEVEL]
- My risk tolerance: [RISK TOLERANCE]
- Preferred trading time frame: [TRADING TIME FRAME]
#OUTPUT:
The analysis report will be structured as a detailed document, logically presenting the findings from each step. It should provide clear insights and recommendations, backed by evidence from the technical analysis. The report should be written in a way that is comprehensible to traders with a similar experience level to [EXPERIENCE LEVEL], using terminology appropriate for that level of expertise.❓How To Use The Prompt:
- Fill in the [TRADING ASSET], [EXPERIENCE LEVEL], [RISK TOLERANCE], and [TRADING TIME FRAME] placeholders in the #INFORMATION ABOUT ME section with specific details. For example, specify which asset you are trading (e.g., Bitcoin, Apple stock), your experience level (e.g., beginner, intermediate, expert), your risk tolerance (e.g., low, medium, high), and your preferred trading time frame (e.g., daily, weekly, monthly).
- Example: If you are trading Bitcoin, have an intermediate level of experience, a high risk tolerance, and prefer a daily trading time frame, your filled-in prompt would look like this:
- Trading asset: Bitcoin
- My experience level in trading: Intermediate
- My risk tolerance: High
- Preferred trading time frame: Daily
❓ Example Input:
#INFORMATION ABOUT ME:
- Trading asset: Bitcoin
- My experience level in trading: Advanced
- My risk tolerance: Moderate
- Preferred trading time frame: Daily
❓ Example Output:
❓Additional Tips:
- Continuously monitor and track the price and volume patterns of the trading asset in real-time, using advanced charting tools and technical indicators to identify emerging trends and potential trading opportunities.
- Take into consideration the overall market conditions and macroeconomic factors that may impact the trading asset, as these can provide valuable context and help validate your analysis.
- Regularly review and update your analysis report to reflect any new developments or changes in the price and volume patterns of the trading asset. This will ensure that your recommendations remain relevant and up-to-date.
- Seek feedback and insights from other experienced traders or industry experts to gain different perspectives and validate your analysis. Engaging in discussions and forums can provide valuable insights and help refine your trading strategies.
- Maintain a disciplined approach to risk management by setting appropriate stop-loss levels and adhering to them strictly. This will help protect your capital and minimize potential losses in case the market moves against your predictions.