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The Breakthrough StrategyGreetings, traders! Welcome to this short, 7-step strategy lesson. Are you new to trading? Don't worry: we're dedicated toward providing the most high-quality, easy-to-understand, and straight-to-the-point investing education to the TradingView community. This strategy lesson is beginner-friendly (we have pictures!), as we've inserted helpful links into each and every term, just in case you don't know them yet. Anyways, let's get right into the steps of this effective trading method , which we've named " The Breakthrough Strategy ": • STEP 1, The Breakthrough: Identify a breakout (or "breakthrough") at the most recent Support/Resistance (S&R) zone. With the horizontal line tool, if you haven't already, mark the level at which price broke: this will be your potential Entry Point (EP). • STEP 2, The Turnaround: Immediately following the breakout, you'll wanna see two or more consecutive candlesticks, going in the same direction of the breakout. After the streak, when you spot the first completely-formed candle, going in the opposite direction, you've found your "turnaround" point! Mark it up with a S&R line: this will be your potential Take Profit (TP) level. • STEP 3, The Other Side: Now, identify the most recent S&R zone, on the opposite side of the breakout zone: this will be your potential Stop Loss (SL) level. • STEP 4, The Average: Make sure that you have your Exponential Moving Average (EMA, 50) installed on TradingView. Is the end of it between the EP and the SL? Perfect! You're ready for the next step. • STEP 5, The Order: Place a Limit Order (TP, SL, and EP levels are mentioned in the previous steps). If, before price hits the Entry Point, things start to get choppy, close the pending order: it is now invalid. • STEP 6, The Execution: Did price hit your Entry Point? The order has been triggered —we're in! Good job, good luck, and hope for some profits. • STEP 7, The Final Step: "Practice makes perfect," so make sure that you backtest this method, to test it out before using it on the live market. Be sure to follow us, for future lessons which will help you significantly increase the power of this strategy! We hoped that this helped you! We ask that you pay it forward, and share this lesson with a friend, a fellow trader, or... heck... share it with your grandmother. “My mission is to help you see forex for what it is: it’s not ‘rocket science,’ but a simple strategy game. Get on the ‘good side’ of probability, develop the proper mindset, and you will prosper.” — Nio Pomilia, Forex Free Press
Education
by ForexFP
1
EURGBP long opportunity running 📈💪Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Busy start to the week for this strategy with one short trade already hitting TP this morning. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
EURUSD trading strategy ahead key eventsDuring the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days. For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event we expects to see temporary recovery of the Euro as possible levels up to 1.1885.
Long
by World-Signals
1
Make profitable trading decisionsHi Fellow Traders The greatest tool in your arsenal is your Risk/ Reward rules when evaluating the potential expencency and outcome of each scenario. By using this to protect your account it may help you to survive long enough to be profitable. Risk/ reward is quite simple. If I risk $1 on a trade, I need to make on average $1.50 to be profitable. In other words, my risk is 1 and my reward 1.5, therefore it is a 1:1.5 risk/ reward ratio, which is acceptable to potentially enter a trade if it meets your criteria. You want to try an average between 1:1.3 and 1:1.7 when looking for trade opportunities. The Risk/ reward tool on Tradeview is excellent for evaluating and getting a proper picture of the potential upside and downside before making a decision. I hope you enjoy the video and that I have been able to contribute to your potential success as a trader. Please feel free to comment and reach out if you help. Regards Wayne_G
Education
by Wayne_G
1
What Type of Forex Trader Are You?Hello to all, We all are trading with use this nice platform and each of us use a different strategy for trading. I wonder that which one of the strategies is most used. Please write your preference as a comment. Scalpers hold onto for a few seconds to a few minutes at the most. Their main objective is to grab very small amounts of pips as many times as they can throughout the busiest times of the day. Day traders usually pick a side at the beginning of the day, acting on their bias, and then finishing the day with either a profit or a loss. These kinds of traders do not hold their trades overnight. Swing traders are for those people that like to hold on to trades for several days to several weeks at a time. These types of traders can’t monitor their charts throughout the day so they dedicate a couple of hours analyzing the market every night to make sound trading decisions. Position traders are those that have trades that last for several weeks, months, or even years. These traders know that fundamental themes will be the predominant factor when analyzing the markets and therefore make their trading decisions based on them.
Education
by FXLoungeIN
BTC (& XRP)- How we trade Market Traps (Part1)Just a glimpse of how we trade. Apart from technical analysis the market does play 'games' with us. So, how do we play back and having chances of being a winner? How do we deal with the beast that wants our money? How do we keep our trading account alive until it can thrive? Well, get an idea of a texhnique on this video and I hope it helps, or at least I hope that you like it. Remember: Technical and fundamental analysis is a must but in many cases it won't be enough.. Trading is 80% a mental game (Trading psychology starts with risk management and ends with a strategy). www.fxprofessor.com (SIMILAR SITUATION WAS A FEW WEEKS AGO WITH GOLD- LOOK AT MY PREVIOUS GOLD IDEAS)
BITSTAMP:BTCUSD
by FX_Professor
Neutral or sideways, trading StrategyHi all Kindly like the ideas if it is helping you and leave a comment Today I want to tell you how to trade in markets that are trend neutral Indicators you need : Bollinger Bands and Stochastic Whenever Stochastic is in the Over Sold and Overbought area, we prepare for the position. To get a long position: the Stochastic must be in the over sold area. We wait for the red line to be broken by the blue line and exit the over sold area, and when it leaves, we open the Long position When to sell? when the price hits the middle or upper line of the Bollinger Bands To get a short position: we wait for the Stochastic to be in the Overbought area and wait until the red line breaks the blue line and leaves the Overbought area. When it leaves, we open a short position When to sell? when the price hits the middle or lower line of the Bollinger Bands. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Thank you for seeing idea . please support us Good luck.
by CobraVanguard
6
The financial world different market participantsHolding periods are at record lows and people are whining about it. Time to talk a bit about who participates in the market. 1- Liquidity ********************************** Something like half of the trading volume is done by specialists & HFT firms as well as a couple of scalpers which is a name for retail traders that hold for a few minutes to gracefully provide liquidity to real traders. It is not something "shocking", investing requires market makers as intermediaries and an exchange or at least reputable liquidity providers (banks, I said reputable not honest) as well as some rules, and derivatives trading has had this - or most of it - since at least 1750 BC. Yes, HFT are pigs and have no shame front running big funds or sniping day traders which is a name for another group of retail traders, but back in the "floor" days they did just the same, today everything is electronic and smooth, costs have gone down, reactions are better etc. Algos have caused big crashes, so let's hope man does not lose control and we do not end up screwing the markets that we need with technology. 1 issue with HFT is they are undercapitalized, the head of global markets research at Goldman Sachs says they are less capitalized than just 1 major bank. This causes them to aggressively adjust their bids when the market price drops. Back in 1987 human specialists had to beg their banks to give them more money to buy during the crash or the entire world would collapse. You should be able to easilly find an interview of Tom Sosnoff about it. I wonder what would happen if this happened today... The FED in hindsight would print infinite money and give it to hft? The players in this categories are various market makers that we call HFT, as well as to a much lesser degree a few retail traders called scalpers and front running algos. 2- Intraday ********************************** This, if my sources are correct, represents another 30% or close to 30% of stock volume. This had a boom in the 80s and 90s, and again recently with crypto and now tech stocks. Most of the people behind this are brokers that spend alot of money to acquire new clients. "Educators" or "influencers" that refer new suckers to brokers get paid up to hundreds of dollars per client (I should have just done this rather than tryhard). The amount of quant funds infesting the market AND the success they have is directly correlated to how much retail traders (especially day traders) are around and also how much money these day traders are losing. You could say they are all day traders but this should be divided in 2 groups: the technical "day traders" which are all retail, and the professional "quants" that abuse day traders. The biggest quants that made big money are Jim Simons & George Soros quants from the 80s and 90s as I said technical analysis and day trading were very popular. Might have wanted to keep that for myself idk. Bah no one cares. 2 major groups: Day traders & quants. Also much more rare penny stock pump and dumps can be included. 3- Short term participants (days to weeks) ********************************** Once again, alot of the money being extracted here comes from retail investors using random strategies called technical analysis. > Pre rolls. One group of participants that exploit flaws on very small timeframes (days) are all the pre-roll strategy investors. They exploit commodity ETFS that all lose money over time and have to sell their 1! positions at fixed times to then buy on 2! These funds regularly blow up, and lately the Oil fund USO was in the news because it became so big the regulators made it diversify its oil position, what got it so big is a very big supply of dumb money getting all excited at very low Oil prices thinking it was free money (below $20 then below $10 then even negative). Professionals that use these strategies made hundreds of millions from both dumb ETF "investors" as well as retail swing and day traders that jumped at the opportunity to get ran over. Alot of these profits/losses are actually being covered by Interactive Brokers of which dumb clients turned a few hundred thousands into decamillion losses. And they are a prime broker with a barrier to entry (2 years verified experience and $10000 in capital). As usual regulators, after alot of dumb money got hit hard, started an "investigation". USO suckers lost tens of millions months ago, the profit has been taken that's it, but they do not know it yet. According to Robintrack, most retail investors 6 months later are still bagholding what was supposed to be a quick swing trade. Pre-roll traders will sell on 1! before the ETF sells and also buy on 2! before they buy, and sell after the big operation moved the price. In the case of the huge Oil crash, fund traders bought before the price collapse and ended up buying back from idiots that "bought cheap". They made money not by "crashing the price", they made money by holding their winners while dumb money was underwater. This dumb money is actually fortunate that there were short sellers to buy from them so close to expiry. I am not sure regulators with their "investigations" understand this simple concept. From the website etfdailynews: “I make a living off the dumb money,” says Emil van Essen, founder of an eponymous commodity trading company in Chicago. Van Essen developed software that predicts and profits from pre-rolling. “These index funds get eaten alive by people like me,” he says. Quick! Investigations! "The trading house is now the focus of investigations by regulators on both sides of the Atlantic, Bloomberg reported." markets.businessinsider.com Stupid morons. And there's never investigations when "stonk price go up" or when dumb money gets lucky (making them confident and about to lose big). Remember Wirecard... No investigation here. Gee it really blows my mind just imagining the incredibly mind-bogglingly moronic less-than-human mouth breathers that come up with these "investigations". Can't wait for Bitcoin & Tesla investigations. > Trend Followers. "The trend is your friend". "Just follow the trend this is what good boys & girls do". Did trend following get to people heads. It was very popular in the 80s & 90s. Some famous trend followers made gigantic returns exploiting dumb money (not sure all of them knew it). Trend following was the holy grail at the end of this period and even to today (people have slow brains or something), but it has not - or barely - worked for the last 20 years (all of this is about to change imo thought). Today the holy grail is index passive investing , who is making this possible are central banks, and the suckers are honest hard working americans that lose purchasing power while passive investors get fatter. One of the most famous trend followers is Richard Dennis, which in the 70s to 80s turned $1600 into $200 million, in about 10 years. I doubt he had a clue what he was doing and I think it was both lucky timing and lucky with randomly using the right strategy. After making big gains he was really excited and thought every one could make money with no brain (money grows on trees as we all know). "Wow making money is really easy". Typical Dunning-Kruger, except his peak of mount stupid lasted way longer than for other people. He got rekt in the late 80s, got back in his feet and made some profit in the 90s but much less (and never thought of trying to learn something new). Then after the 2000 bubble exploded he just lost money and disappeared. He is probably selling courses now. The sort of general way it all comes together over a period of a few months or years with medium term funds, trend followers & quants versus dumb money: Here is an example from investopedia with sugar: Those are big returns in just about 3 months. A quote from a quant website. "CTAs by being patient trend-followers took advantage of the random methods of chart traders and profited at their expense. Some that are new to trading are not aware of the frenzy in the 90s about intraday trading mainly financed by brokers. Systematic traders took advantage of it and made large returns. But after the random intraday and swing traders were driven out of the market, CTAs have had problems generating returns. There is scarcity of retail dumb money at this point." The 80s & 90s were the period where George Soros and Jim Rogers made monster gains in commodities too. George Soros kept making big profits after that period, Jim Rogers has not. Since 2000 trend followers have been suffering. I got into trend following a few months ago it is going all right. It is making a comeback imo, but I do not think it will last long. It might, we will see. I trust myself to be able to adapt. When this stops working I also have my strategy I have been exploiting for years. If both stop working (unlucky) gee well I'll adapt, SOMETHING ought to be working. I'll survive. I mostly do what I do with Forex thought and it is a different world. If trend following does not work just go for reversals 🤦‍♂️ It's so lame to get famous and get the glory but you were actually bad and you end up losing and have no clue why and just end up selling books and trading courses 😂 So on the short term we got retail swing traders that use random strategies, fomo gamblers, and the systematic trend followers & pre-roll people that abuse them. Also hedgers, and a couple of short term hedge funds that probably do not make money on average. 4- The medium term : Around 1 year ********************************** I heard hedge & mutual funds had median holding periods of 9 to 12 months, I also heard they had holding periods of 17 months. I will assume this is not counting the losers, especially if they have a low winrate, that would mean a TF much below the reality. Retail is completely absent here. There are various strategies. "Strategic" stock picking. Bull bias, bear bias (on the market in general, so they are looking for stocks to buy, or to sell). "Short sellers" (Enron, Tesla, ...). Hedge funds also exploit random day & swing traders and made big profits in the 80s and 90s then last 20 years as retail investing declined have made less, but hedge funds did not go from 100 to 0, it is more tame than trend followers. Recently some hedge funds have struck gold. Bill Ackman made 100R ($2.6 Billion) when the S&P crashed after coronavirus lockdowns. He made big money with price go down, so of course really dumb people cried and accused him of dricing down the price during a CNBC interview ("spreading FUD") probably soon investigation and bla bla bla. Where are all the investigations when some clown says that Tesla is a revolution and going up 1000 fold? Where are the investigation in Max Keiser saying silver and later bitcoin would rule the world? "Oh no no need for investigation when price go up 🤤" 5- The long term: 10, 20, 30 years ********************************** 2 categories: - Private high net worth. Value investors like Warren Buffet, Charlie Munger, even thought they run a company, an example of a private investor is Phil Town which has a youtube channel and writes book he is not very famous but ye that's a private investor why would they be famous? Should they take a megaphone and shout their net worth on the top of buildings? - Bagholders: Can either be retail investors that thought "Buy & Hold" meant "Buy garbage & Forget", I doubt they are aware 96% of US stocks go to zero, well 100% on a long enough horizon but we are looking at less than 3 decades here. Or can be day & swing traders that bought something stupid (USO, Bitcoin...) and refuse to cut their losses so they turn their gambles into long term bagholds. Bill Ackman is a famous bagholder, when he is wrong he is SO WRONG and he just keeps on holding his bags all the way to zero which is really crazy. Warren Buffett early in his carreer has been on rare occasion been a bagholder, what he calls his worse mistake cost him according to himself at least 100 billion, he just kept trying to get that textile company to be worth something. The company Warren Buffett bagheld is called Berkshire Hathaway. Buffett actually rarely holds for more than 2 years, and half of his purchases are sold under 1 year. He has a 100% turnover! From the paper linked below, "we observe a median holding period of a year, with approximately 20% of stocks held for more than two years. At the other end of the spectrum, approximately 30% of stocks are sold within six months." papers.ssrn.com So he loses (or breaks even sometimes perhaps) 80% of the time. But when he wins... you know... 150R. Important: if I got this (didn't read the whole thing) they only looked at what was in his quarterly fillings! Who knows what grandpa B bought and sold within weeks! It is very hard to find what stocks Warren Buffett quickly exited without going over quaterly reports, every one touches themselves at his returns, wants to know what he holds to copy, looks at winners which is almost useless but out of tens of millions of die hard fans it's like not a single one gives a damn about looking at his cut losses, due to low IQ. It is truly mind boggling that over 90% of retail investors just transformed LOOK FOR GREAT COMPANIES AT GOOD PRICES, BUY AND HOLD WINNERS, into "Never surrender never give up just buy absolute garbage down 90%, buy and forget, hold the bag to zero over the long term it will eventually go up". You could literally tell them exactly what to do they'd end up losing all of their money and dying of food poisonning somehow because they are handicapped. Buffett holds for 7.5 year on average (or he did in 2010), with 80% of stocks held for less than 2 years, and 20% held for more with a couple held for several decades. He ain't holding for 50 years or a century. 6- The very long term ********************************** Big pension funds, insurance funds, sovereign wealth funds, mega bagholders (owners of ponzi shares held those to their death dreaming they would magically regain value)... The big, big, BIG boys. They do very little volume in markets because they rarely participate, but when they do they move entire markets. They move alot of money at once, and while random retail traders & quants do big volume day after day, they mostly cancel each other out. The over 1 trillion dollar "NOK" fund owns 1.5% of world shares, and when they do something you can feel it. Socialism (they are not really socialist but whatever) works really well when you have immense wealth. Over 1 trillion for 5 million inhabitants. They hold 2.6% of EU stocks and "only" 1% of american stocks. There is talk that they may sell EU stocks to buy NA holdings, mostly USA obviously. "Norway wealth fund may move $50 billion into U.S. stocks from Europe" www.investing.com That would really help push the price up and help jump start a bubble. 50 billion is just a small adjustment for them. "The central bank has said its advice was not based on any particular view on future return in individual markets or regions." They don't really care. They are trying to preserve the country wealth and are just doing small adjustment ("small"). They hold forever. "The minority centre-right cabinet of Prime Minister Erna Solberg must seek approval from parliament for any major strategic shifts at the fund, a process that could take months to complete and which may involve making compromises." No day trading here... I am old why am I focussing on Norway... Those are the current biggest wealth funds (made of 1 or more funds for the country) in the world: China 2,250,000 million usd - Origin: their bags come from sending free goods to fat americans. They believe they will get something in return. UAE 1,350,000 million usd - Origin: Oil & Gas. Hehehe a few months ago I remember an idiot telling me arab countries were poor 3rd world countries. Norway 1,100,000 million usd - Origin: Oil from the sea. Crossed 10 trillion NOK recently I think. Their children have their future covered. Saudis 900,000 million usd - Origin: Oil from the sand. During an interview the wealth manager Yasir Al-Rumayyan said he wanted to grow it to 2 trillion. Future gambles to take advantage of? Those were the big famous ones. Then you got Singapore, more arab countries... The USA have a (LOL!) 200 billion wealth fund (and 30 trillion liabilities). Talk about a pyramid scheme. If you look at the biggest fund from any source by AUM who do you have at the top? 1- FED - 7,000,000 million usd (but really you can just put an infinite sign here) 2- BOJ - 5,200,000 million usd bigger than the US one relative to population what a scam 3- PBC - 5,150,000 million usd biggest baghodlers in the world (I'm just kidding don't cry China) Then you got plenty of multi trillion US state owned funds (sounds pretty communist to me, I wonder why they are pushing the price up at the people's expense), Japanese megacorps & banks, China communist groups/banks, European banks. Some middle east holders of course. And then a grand total of 0 african country is present in the top 100. Banks really dominate the world. They hold all the capital. It would be a real shame for passive investors & tiktok robinhood holders if the US communist funds that hold over $10 trillion were to liquidate their assets to cover the US foreign liabilities (China) and to pay for social programs wouldn't it? A reaaaal shame 🙃 What is this? I am feeling tingles. Team Biden! It's just a shame they have all these toxic ultra racist, anti business & anti family views. Quick! someone tell the clueless socialist woke crew the US are holding trillions that could more than cover their student debts and social programs! Special mention: Blackrock is the world largest asset manager overseeing more than 7 trillion. And they work hand in hand with the FED.
NYMEX:CL1!Education
by MrRenev
GBPAUD SELL SELL SELL!GBPAUD GOOD FOR SELLS! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
BABA at All Time High: What to do now?Hello traders and investors! Let’s study BABA today! I see great potential on some Chinese tech stocks, and BABA is a good deal for sure. But since it is trading at its ATH, how to proceed? There are some simple strategies we can use here. First, if you are out, there’s nothing to do, but wait for a pullback. This way you’ll get a better price, and a safer trade, with a better Risk/Reward ratio. If you are in, the situation is good and bad at the same time. It's good because it is going up, but since it is an ATH, it is natural to get a little anxious and afraid that BABA will drop, and you lose part of your profits. But here’s the thing: Nobody will nail a trade from the bottom, to the highest price possible . Probably, you won’t nail the top here as well, and this is ok. What we can do, is to set intelligent exit strategies to protect your profits and help you to not get anxious. One good strategy is a trailing stop at the previous candlestick’s low. If BABA loses it, then just book your profits, or half of them. Also, this gap seen on BABA seems to be a Breakaway Gap , because it is breaking out from the previous resistance at the previous ATH, and because the volume increased a lot recently. Now, let’s see the hourly chart: As long BABA keeps above the 21 ema, and we don’t see a bearish pivot , things will keep very bullish in the daily chart. In fact, a bearish pivot in the hourly chart is another good exit strategy to use here. But we could expect a pullback to the 21 ema, and this wouldn’t spoil the bull trend. If this gap is in fact a Breakaway Gap, it won’t be filled soon. Right now, there are no technical signs to sell, neither to short nor buy. I would use the strategies above to manage my positions, and would buy at a pullback, after a good candlestick/chart pattern. I hope these strategies helps you, and if you liked this analysis, please, support it! And follow me for more analyses and strategies. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NYSE:BABA
by Nathan_Black
2
History repeated itself on TSLA (again)!Hello traders and investors! Let’s how Tesla is doing today! Believe or not, it is behaving exactly the way it should, as we already discussed in previous analyses. We saw, for the 3rd time in 3 months, the 3-gap pattern after an accumulation: Runaway, common and exhaustion gap . The last gap always gets filled in the short-term, while the others are still open. As we already discussed, today’s candlestick shouldn’t scare anyone here, as Tesla just filled its Exhaustion gap, and if history repeats itself, we will see some correction. Pullbacks are different from reversals , as they simply offer opportunities to buy, while reversal offers opportunities to short. There’s no sign of reversal ahead , and I don’t recommend to anyone here try to guess Tesla’s top. We are in a bull trend, and the odds favors the bulls. Now, let’s see the daily chart: The 3-gap pattern suggests that a correction to the previous top (green line) would be acceptable. Today’s candlestick is bearish, but not much. Ok, so, we can expect a correction or some erratic movement ahead, but how to proceed in this situation? I always like to use some exit strategies to help me with my anxiety level while I’m in a trade. For instance, I like to use trailing stops : If the next candlestick closes under the previous candlestick low, just book your profits. Today Tesla closed under Friday’s low, so, you can book your profits. Nobody will judge you. Or you can just wait for a bearish pivot in the hourly chart. Until now, there’s no pivot, so, the game is still on. Or you may mix both strategies, and book half of your profits now, and the other half if Tesla does a bearish pivot in the 60 min chart. Do whatever suits you, and what’s the best to manage your anxiety level. Either way, the volume increased a lot, and today’s candlestick is not scary at all. See the candle evidenced by the black arrow in the daily chart above? There’s a funny story here. As it happened today, this candlestick did a new ATH and it filled its exhaustion gap. The history repeated itself . So, today’s movement was natural and expected by us for a long time now. The moment is perfect to manage positions. It’s too late to buy, but it's not time to short it either (not good risk/reward ratio). If you are trading Tesla, just book your profits with the strategies above and wait for a better opportunity. And please, support this idea if it helped! And follow me for more analyses! Every day, after the market closes, I’m here to share a few thoughts with you. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NASDAQ:TSLA
by Nathan_Black
10
Index Gap Filling Target Strategy in Sudden Falls...(Rare Cases)Broke the trend line, fine retest and sudden fall. In such cases of sudden fall which happens very rarely, booking profits at right support is very important and you can find the right targets too. Targets should be the closing of the previous days. You can book profit at the previous day's closing and enter again with smaller stop loss targeting previous days closings, this is how index might fill the remaining gaps due to gap up openings. This same concept worked in Nifty also same day. Nifty took support exact at the previous days closings. So always mark the closing prices while market extreme volatile. I have checked this multiple times so please test this in live market while shorting Nifty or Bank Nifty. And please be free to comment on this, anything and everything is important. Let me know the con's of this strategy and more pro's are also welcome. Express yourself and like this if you actually understood this concept. Thank You!!!
NSE:BANKNIFTYEducation
by dhole_aditya