The 3 Session of Rise Reversal Setup, with todays Silver R4 Going through my thinking process of the whole session, pair selection and the 3 trades i took. Gold breakout continuation long, NAS FOH Continuation short (stopped out) and then an end Session 3 sessions of rise reversal short with Silver. Additionally i am explaining the 3 sessions of rise setup in detail
Community ideas
This Wyckoff VSA Buy in Gold and Short S&P FuturesIn this video produced by Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, we see clear buying by professionals in the GC futures contract (Indicator is PB in the Wyckoff VSA system for TradingView) and clear selling into the e-Mini S&P Futures contract (Indicator is PS in the Wyckoff VSA system for TradingView).
The markets move based on three universal laws, its simple as explained over 100 years ago by Richard D Wyckoff, a famous investor in the early 1900's.
The laws are:
Supply and Demand
Cause and Effect
Effort Vs Result
The fourth law to success is your belief system, often referred to in new thinking as:
The Law of Attraction. Enjoy the video and I hope it helps You succeed.
Namaste, Gavin Holmes, Author "Trading in the Shadow of the Smart Money" and "Think-Link-Create".
Protect The Pain Trade: Triangular Currency ArbitrageStep 1: Select the Pivot Currency
The pivot currency is the base currency you want to hedge or trade against. This currency will be the core around which your arbitrage strategy revolves.
Step 2: Use Mataf.net for Correlation Data
Open Mataf.net and navigate to the correlation matrix. Select negatively correlated assets that complement your pivot currency. These negatively correlated pairs will serve as your hedges (Hedge A and Hedge B). These assets should be chosen based on how they move in opposition to your primary pair, ensuring that the overall risk is minimized through diversification.
Step 3: Create a Composite Chart
Combine the primary currency and hedging pairs using the following formula in your charting platform:
{Primary Pair} / (Hedge A + Hedge B)
Press enter to create a composite chart. This chart will show you an aggregated view of how your triangulated positions are performing.
Use this chart to analyze the best entry and exit points, optimizing your gains while protecting yourself from unnecessary losses or market volatility.
For more detailed insight or guidance on entries and exits, feel free to message me privately on TradingView or contact me to gain access to more strategies like this one through my daily flow trades.
Looking forward to seeing you in the community!
Breakout Retest, A+ setup explained with todays R5 Silver longFull recap of my todays NY session showing my preparation, my shortlist, my thinking process into my entry window and a detailed breakdown of the trade, including a detailed explanation of the setup, what to look for and how to trade it. One more trade for your playbook!
Have you tried GannZilla? It changed me lifeGannZilla reads planetary positions in astrology and interprets them in relation to Gann's Square of 9, a geometric chart that helps traders identify potential price levels and market turns based on mathematical relationships. By aligning astrological events with the Square of 9, GannZilla aims to provide insights into market movements influenced by planetary cycles, helping traders make more informed decisions based on both astrological timing and Gann's theories.
Can You Use Math to Elevate Your Trading Strategy?In the world of trading, understanding market movements is crucial for success. One of the most effective frameworks for interpreting these movements is Wave Theory, a concept that helps traders identify price trends and potential reversals. By incorporating mathematical projections, traders can enhance their analysis and make informed decisions. In this article, we’ll explore the fundamentals of Wave Theory and demonstrate how to project price movements using wave measurements—specifically, measuring Wave 1 to project the size of Wave 3.
Understanding Wave Theory
Wave Theory, popularized by Ralph Nelson Elliott, posits that financial markets move in repetitive cycles or waves, driven by collective investor psychology. Elliott identified two primary types of waves:
Impulse Waves: These are the waves that move in the direction of the prevailing trend, typically comprising five waves (labeled 1, 2, 3, 4, and 5).
Corrective Waves: These waves move against the prevailing trend and consist of three waves (labeled A, B, and C).
In a typical bullish market, you will observe a series of impulse waves followed by corrective waves. Understanding these waves allows traders to identify potential entry and exit points based on price patterns.
The Mathematics Behind Wave Projections
One of the key aspects of Wave Theory is using mathematical relationships to predict future price movements. A common approach is to measure the length of Wave 1 and use that measurement to project the size of Wave 3. Research indicates that Wave 3 often ranges between 1.0 to 1.68 times the length of Wave 1.
Steps to Project Wave 3:
Identify Wave 1: Begin by determining the starting point of Wave 1 and measuring its length. This can be done by noting the price levels at the start and end of Wave 1.
Calculate the Length of Wave 1:
Length of Wave 1 = End Price of Wave 1 - Start Price of Wave 1.
Project Wave 3:
To project Wave 3, multiply the length of Wave 1 by the desired factor (1.0 to 1.68).
Projected Length of Wave 3 = Length of Wave 1 × (1.0 to 1.68).
Determine the Target Price:
Add the projected length of Wave 3 to the endpoint of Wave 2 to determine the target price for Wave 3.
Target Price = End Price of Wave 2 + Projected Length of Wave 3.
Example: Applying Wave Theory in a Trading Scenario
Let’s say we’re analyzing a stock and identify Wave 1 as follows:
Start of Wave 1: $50
End of Wave 1: $70
Step 1: Measure Wave 1:
Length of Wave 1 = $70 - $50 = $20
Step 2: Project Wave 3:
Using the range of 1.0 to 1.68:
Minimum Projection = $20 × 1.0 = $20
Maximum Projection = $20 × 1.68 = $33.60
Step 3: Determine the Target Price: Assuming Wave 2 has an endpoint of $80:
Minimum Target Price = $80 + $20 = $100
Maximum Target Price = $80 + $33.60 = $113.60
Thus, based on Wave Theory, we would anticipate that Wave 3 could reach between $100 and $113.60.
Wave Theory, combined with mathematical projections, provides traders with a structured approach to understanding market dynamics and predicting future price movements. By accurately measuring Wave 1 and projecting Wave 3, traders can make informed decisions based on calculated price targets, improving their chances of success in the financial markets.
As you incorporate Wave Theory into your trading strategy, remember that no system is foolproof. Always combine technical analysis with sound risk management practices to protect your capital. With patience, discipline, and a strong mathematical foundation, you can leverage Wave Theory to enhance your trading prowess and navigate the markets with greater confidence.
How can you see yourself incorporating mathematical projections like Wave Theory into your trading strategy, and what has been your experience with predicting market movements using these techniques? Let me know in the comments.
Happy trading!
amazing scalp trade done in 10 secondsToday i literally made 145$ in 10 seconds, waited for the system to signal me a sell " Alert ". once to sell alert triggered i got in and got right out ; i finished the day positive 250$. The key to trading is to feed your ego and in order to feed your ego you have to receive gains. The gains can be big or small just don't get greedy , greed is the number one killer in trading stocks and in life in general.
What’s Flowing: GBPUSD / CADCHF / BXY / DXY / XRPUSD / ETHUSD Today's episode covers both forex and crypto markets, along with insights into the commodity space. With several key economic releases and global events in play, we expect volatility to increase across these assets. Be ready for breakouts in both currency pairs and cryptos, and monitor how commodity markets, like coffee, react to supply developments.
Stay tuned for more updates and trade ideas as we continue to track these market flows throughout the week!
FX:GBPUSD
OANDA:CADCHF
BITSTAMP:XRPUSD
COINBASE:ETHUSD
TVC:BXY
TVC:DXY
Beware of Symmetrical Triangles. And yes, they occur oftenWhy Beware?
Ambiguous Direction: Symmetrical triangles don't inherently indicate whether the breakout will be upward or downward. Without additional confirmation from volume or other technical indicators, predicting the direction can be challenging.
Market Noise: In volatile markets, price movements within the triangle can be erratic, making it difficult to identify clear breakout signals amidst the noise.
False Breakouts: Not every symmetrical triangle leads to a significant price movement. Sometimes, the breakout fails, resulting in a false signal that can trap traders in losing positions.
XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
📊 Understanding Trends: How trends truly operate in the market.
💰 Smart Money Tactics: How institutional traders manipulate price action to sweep liquidity and execute large orders.
🔑 Key Levels: Identifying crucial accumulation and distribution zones to approach potential trade setups effectively.
🛠 TradingView Indicators: Learn how to access tools that help spot when price is overextended.
🔎 Market Structure: Discover how to locate resting liquidity and anticipate price reactions, understanding the role of liquidity in market movement.
📈 Trade Setups: Using a practical approach, we examine price interactions with liquidity, blending Wyckoff theory and ICT concepts for sharper trade decisions.
Disclaimer: This video is for educational purposes only and is not financial advice. Trading involves significant risks. Be sure to conduct your own research before making any decisions. Trade responsibly.
BOS or CHOCH! What's the difference?Break of Structure (BOS) is when price is in a dominant trend, either uptrend or downtrend, price will respect the trend by/and breaking into new structure by breaking above or below a HH or LL.
Change of Character (CHOCH) happens when price pulls into a higher timeframe POI and has a CHOCh on a lower timeframe by disrespecting the dominant trend and creating a new cycle or trend.
THE TREND IS YOUR FRIEND...UNTIL THE END...EURUSD EXAMPLEHey everyone! Hope you are having an AMAZING weekend and beautiful Sunday so far! I just wanted to get on here and post a quick educational video for my Trading View community and share some nuggets I have learned over the last 14 years of being in the markets that hopefully can help you guys reach consistency and ultimately profitability.
The subject in this video is "THE TREND IS YOUR FRIEND..UNTIL THE END" hope you guys enjoy get a notepad and paper or iPhone out lol and take some notes! You won't want to miss this!
Cheers!
Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best.
Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade.
If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family!
Happy Trading
Mindbloome Trader
Mastering Pitchforks: A Powerful Tool For TradersGood morning Traders
So I had a question from one of my followers: can you explain pitchforks in more detail:
Pitchforks are a fantastic tool for traders at any experience level, offering a visual way to map out potential support and resistance levels based on market movements. With three key anchor points, a Pitchfork reveals trend channels by highlighting the market's natural ebb and flow. The central line acts like a magnet for price, while the upper and lower lines provide a framework for spotting where the market might reverse or break out.
For a more advanced strategy, try overlapping Pitchforks across different timeframes or swings. When these Pitchforks intersect at certain levels, they create a powerful correlation. This suggests that the market is paying attention to these areas, and they often become key turning points. These confluence zones act like traffic signals, giving you clues about where the market could change direction or gain momentum.
By understanding and leveraging these correlations, you can build stronger, more confident trade setups. Whether you're looking to confirm a reversal or catch a breakout, Pitchforks can help guide your decisions and boost your accuracy in identifying those critical market levels.
I hope this can add more tools to your trading style and maybe you will love pitchforks as much as I do
if you like this video or want more videos: comment below and a good ole boost to help those in our trading community benefit
Happy Trading
MB Trader
The Rookie Mistake of Timeframe Mismanagement: Avoid This!As a full time forex trader, I’ve seen my fair share of both triumphs and missteps. One of the most common pitfalls that can plague even the most seasoned investors is the rookie mistake of managing trades across different timeframes. It may seem innocuous at first, but failing to align your analysis can lead to confusion, frustration, and ultimately, poor trading decisions.
Understanding the Timeframe Disconnect
In the world of trading, charts come in all shapes and sizes. Whether you’re examining a daily chart to gauge the overall trend or an hourly chart to refine your entry and exit points, the timeframes you choose can significantly influence your trading strategy. The mistake often arises when traders analyze a longer timeframe, such as the daily chart, to identify a potential trade setup, only to switch to a shorter timeframe like the hourly chart to manage their positions. This inconsistency can lead to conflicting signals and erratic decision-making.
The Daily Chart: A Macro Perspective
The daily chart serves as a vital tool for understanding the broader market context. It reveals trends, support and resistance levels, and overall momentum. By focusing on the daily chart, you can identify high-probability setups and determine the prevailing sentiment. For example, if you notice a bullish trend on the daily chart, you might decide to enter a long position based on a breakout or a pullback.
The Hourly Chart: A Micro Perspective
On the other hand, the hourly chart provides a more granular view of price action. It helps traders refine their entry and exit points, offering insights into shorter-term fluctuations and volatility. While the hourly chart can help you capitalize on intraday movements, it can also introduce noise and lead to a focus on minor price changes that may not matter in the broader context.
The Mistake: Conflicting Signals
The rookie mistake occurs when traders attempt to manage their daily chart positions by referencing hourly charts without considering the potential for conflicting signals. For instance, imagine you spot a bullish setup on the daily chart, indicating a solid entry point. However, as you switch to the hourly chart, you notice some bearish price action—a couple of lower highs and lower lows—which may prompt you to second-guess your original thesis.
This disconnect can lead to unnecessary anxiety and erratic trading decisions. You might find yourself prematurely exiting a position or missing out on an opportunity because the hourly chart paints a picture that doesn’t align with your higher-timeframe analysis.
The Impact on Performance
In my early days as a trader, I fell victim to this very mistake. I would analyze a promising setup on the daily chart, only to find myself second-guessing my decision based on hourly price fluctuations. This led to whipsaw trades and emotional exits, ultimately impacting my profitability.
The emotional toll of constantly reacting to the noise of shorter timeframes can be detrimental. Instead of executing a well-thought-out plan, you may find yourself making impulsive decisions driven by fear or frustration.
Solutions: Aligning Timeframes
To avoid falling into the trap of conflicting signals, it’s essential to align your timeframes and establish a coherent trading strategy. Here are a few key strategies to consider:
Top-Down Analysis: Always start with a higher timeframe to set the context. Use the daily chart to determine the trend and potential trade setups, then drill down to the hourly chart for precise entry and exit points.
Avoid Overreacting to Noise: Understand that shorter timeframes can introduce volatility that may not reflect the overall trend. Stick to your original analysis unless there’s a compelling reason to change your viewpoint.
Set Clear Rules: Establish rules for managing trades based on the timeframe you used for your initial analysis. For example, if you entered a trade based on a daily chart setup, consider using the daily chart for exit signals as well.
Stay Disciplined: Remain patient and trust your analysis. If your daily chart setup is valid, give it time to unfold without being swayed by short-term fluctuations.
Conclusion
I’ve learned that managing trades across different timeframes requires discipline and a clear understanding of the market context. Avoiding the rookie mistake of conflicting signals can enhance your trading performance and help you navigate the complexities of the market with confidence.
By maintaining a consistent approach to your analysis and execution, you’ll be better positioned to capitalize on high-probability setups while minimizing the emotional turmoil that often accompanies reactive trading. Remember, the key to success lies in your ability to stay true to your trading plan, regardless of the noise surrounding you. Happy trading!
Using 15 minute and 5 Minute Time Frames To Scalp In this video we break down how you can use 15minute and 5 minute time frames to Scalp.
Your 15 min can be your short term gauge for trend and your 5 minute can be where you enter into the market.
Using basic candle sticks patterns I go through a couple different setups one can do on the scalping side of things
If you found this helpful: boost, like or comment
MB Trader
Happy Trading