Hi Everyone! I have changed the "default colors" for Phoenix Ascending and added Level 120 (purple upper) and Level -20 (purple lower). I prefer to "un-check" level 120 and level -20 and only show them when I actually need them. Otherwise, your indicator can be too scrunched up. I will post the updated version of Phoenix Ascending Shortly. Happy Trading and...
Doesn't matter which coin I used, KAVA was picked at random for back testing. The 7, 30, and 100 are used for trend analysis. When both the RSI and MFI are in confluence with support, that is the entry trigger. When above the 7, 30, 100 ride the trend and only exit when bear div on 4hr is apparent, MFI RSI in confluence at overbought, price drops below the 30....
Hey fellow traders, Guess who is back for round 2 of post shenanigans 😁. Today we will be discussing cyclic lines, which is a drawing tool provided by TradingView(whether you are using the free, premium or mooching off someone plan). It is under the head and shoulders, elliot waves, or cypher patterns tab. Hopefully you know your way, but if not, better get...
Hi guys, I am new here and I am trying to build a long term portfolio. Half of investemnt will be in growing stocks or ETFs and half in high yield dividends paying companies. I would start with J&J, MMM, KO, VZ and PFI for a start. Any other safe stocks recommendations please?
All major indexes have reached new lows today and bounced back a little, Which shows sellers are strong..! on the other hand they bounce back a little and none of them even touched the middle of yesterday's candle, which shows buyers are not strong enough! I think any trader in order to be successful should have a predefined plan for trading! That plan must...
It's critical for forex traders to pay attention to big economic data releases, government statements, and geopolitical events. Why? Because this information generally represents a country's economic strength and can predict a currency's future direction. Trading the news might be tough and not fit for everyone, but the resulting volatility can provide a plethora...
Hey all! We hope your trading day has been successful in either learning or earning! This quick daily primer video explains a little the way we trade, bascially being reactive to the charts! Too tired to type more right now, but hope this video helps you learn something new!
Hello everyone! I want to tell you a little about such figures as Flag and Pennant. These patterns are quite common on the chart, so every trader should know how to trade them. What does the flag look like? After a strong movement (flagpole), the price begins to correct in the form of a rectangle, which corrects against the previous trend (flag). What does a...
If you are getting started in trading, identifying a trend may not be the easiest thing to do. So here we can see a little example of how using EMA's such as the 20 and the 50 can help. By placing your EMA's on the chart, you can use them on any TF, however just like every other indicator, the higher the TF the more value it holds. EMA's can help us identify...
As we can see above i have demonstrated how supply and demand zones can be used to help you analyse a chart. Firstly we need to identify an absolute high and and absolute low on the TF we are using. The higher the TF the more valid the zones become. When the absolute highs and lows are identified, they are what we know as the major supply and demand and we will...
I begin each year reviewing the long term technical positions of the "Big Four." 10 Year rates, SPX, Commodities, and the US Dollar. This is the second of the series. Granted, macro doesn’t typically impact shorter term (swing, daily and weekly) trading but developing a framework for markets and for recognizing the potential for change is important. Next week I...
Today we will talk about the figure of technical analysis "Diamond" Diamond is not so common, so the figure is not so popular with traders. But when the figure appears on the chart, you will get a great opportunity to earn big profits. Identification The diamond appears after a strong upward movement, which stops at some point and an expanding triangle begins...
technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Will history repeat itself in this case? . In gold seems A Bearish Divergence in volume . What is Divergence? Divergence is when the price of an asset is moving in the opposite direction of a technical...
Hey fellow traders, Today’s post will focus on the significance of trading bots, because why not talk about something that every trader has a love-hate relationship with 😄; I’ll keep it short and sweet. Trading bots also referred to as algo bots are widely used in the finance industry, and they will not be going anywhere for the foreseeable future. Primary reason...
I am trying to make a video from my thought process.
This video will show you a VERY simple way to find stocks that might be at the start of a new upward trend. Video covers: 1. Change your chart from a line chart to a candlestick chart 2. How to add a Simple Moving Average indicator and customise its settings 3. How to setup and add columns in the TradingView Screener 4. How to find stocks where the price...
Trading as a retail trading could work sometimes, but in the long term you will lose the most of ur portfolio. Comparing this to a smart money trader would make more winning trades knowing this kind of structure. For example: liquidity grabs, supply and demand zones etc. Enjoy and Happy New Year!!!!