Community ideas
How To Trade Holiday's and Low Volume EnvironmentsOne big problem that I see from traders is 'chasing' the market. Chasing simply means watching the market go in one direction, and trying to join the move after it's already showed it's hand.
In low volume environments (and holidays), the market likes to revert back to the middle. This leaves traders with losses and frustration.
Don't let that happen to you!
GBP/USD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart because we will have had a completed three touch structure.
• If price pushes up impulsively to and ideally just above either our upper trend line, our upper rayline or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag and if the flag forms just below our lower rayline as illustrated I'll be hiding my stop loss above it for extra protection as illustrated.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
Trading Psychology: Over Leveraged Trading Hello traders:
Welcome back for a quick educational video on over leveraged trading. This ties with Trading Psychology greatly, and I want to elaborate on this a bit more to give new and experienced traders my understanding on this topic.
It's important to know that leverage can work for you as well as against you. You may already hear this a lot when you open a new broker account. However, it's only when you actually start trading then you will understand the true meaning of this.
When you enter a trade with leverage, you are entering with a great risk behind if you don't have proper risk management. Since leverage is a “double edge sword”, trades that are in profit or losses will be magnified. You are easily over traded, meaning you can have multiple entries on the same pair or same move/run. Again, this would be nice if the trades are going in your favor, but if not then you are going to have a huge drawdown of your account. Professional traders understand drawdown is evitable, but they also minimize it so when they are in profit, they can easily make the drawdown backs.
Let's take an example of what an over leveraged trading combine with trading psychology could look like:
---enter a trade, and with a big position (no risk management, and not consistent with trading plan)
---begin to see price fall, then either he/she will have a SL and get taken out, or no SL then price will continue to drop then the small account is gone in no time due to the big position.
---If he/she did have a SL, then they are taken out, but just lost a bigger % of their account. Now the emotions kick in to try to “chase” the money back. So revenge trading emotions start.
---Because the account has high leverage, the person can easily open a bigger lot position, double the previous one in fact (same strategy out there says to do this) and make back your losses. If first trade was risking 5%, then this next trade is 10%)
---After several losses, the account is already cut in ½, and he/she can no longer open the high lot positions.
---They will then reduce their position size, but still at maximum leverage allows.
---Soon the account will get blown out, and the person will either blame the market, strategy, lesson and more.
I see this cycle of trading all the time in new traders, and it has a combination factor such as emotion, mindset, risk management, trading plan and more. But what is easily controlled by you is to reduce leverage allowed on the account. Simply dropping it down to less leverage will help the trader to not over leverage, and maintain a few trades only with smaller position sizes.
So, I encourage the new traders to really think about this topic and reflect on yourself to see if you ever fall into this cycle before. You may not blow your account, but certainly have experienced revenge trading and over leverage trade when the emotions kick in. I myself included it at the beginning of my trading journey also.
That is all I gotta say on this one.
Let me know if you have questions and feedback :)
I will chat with everyone next time in my live stream.
Thank you
How the banks use us as liquidity providers for their operationsHi Traders, thank you for watching this tutorial. Its not any secret. That markets works like this.
Basic principle of the market is that if someone buys other must sell. And this is the technique of the market makers
artificial intelligence how to use us for their operations. Hope it helps you realize importance of the
Stop loss zones / Liquidity zones.
Try to not have SL where the others have it.
My trading strategy is based on the simplicity and core of the markets which is Buying and selling.
I'm trying to spot the next steps of the big players by using the Market profile, Volume and COT (commitment of traders)
The way I think about the markets is based on the fact that Market makers (banks, hedge funds)can do their operations only when other side (traders like you and me)
provide them liquidity = We must sell so they can buy and opposite. So I'm looking for the Stop loss zones, fake outs and other confluences to enter the markets.
My battlefield is defined by the channels on the higher timeframes, I mostly play on the upper bands and middle bands in the directions of the COT .'
I'm swing trading not intraday trading, so my ideas always takes a time and patience to play out and most important is to do the good risk management, se we can stay emotionless in a trades.
Don't hesitate to comment with any questions and if you learning something support this idea with like or share it in other trading forums.
Wish you good hunt !!
Dave FX Hunter
------------------------------------------------------------------------------------------------------------------------------------------------------------
Upgrade your trading view with my free indicators:
FX HUNTER WEALTH COT DATA - Click the script picture below and add it to your trading view
FX HUNTER COT CANDLE REPORT - - Click the script picture below and add it to your trading view
TUTORIAL: How to import, filter, analyse and export big listsCouple of people had asked me for this so here it is.
Shows how you can create, import, filter and analyse using the screener, and export using big external lists of stocks as your source.
Shows how you can take a list of 200 or more stocks and filter down to the 5 or 6 you might be interested in trading.
In this case we take a list of stocks with breaking news on Australias ASX and show which ones have resulted in significant price movements. This approach will work for any market and any list.
Hope its useful to someone :)
How to collect TradingView Coins and refer your friendsIn this video, we show how you and your friends can collect $30 in TradingView Coins to use toward paid plans like Premium. If you refer TradingView to a lot of people, make sure to follow this video closely. It's how you and your network can get $30 worth of TradingView Coins.
Step 1 - Visit the refer-a-friend page where you can find your unique link. You can find the refer-a-friend page in your menu or by using this link.
Step 2 - Copy your unique link and share it with your friends, colleagues or network. Your unique link can be shared as a tweet, Facebook post, email or text message. If you run a blog or website, you can also place your unique link there.
Step 3 - When someone signs up for a paid plan using your unique link, you will both receive $30 in TradingView Coins.
Step 4 - Your TradingView Coins can be used toward a paid plan. A single coin is equal to $0.01. When someone signs up for a paid plan using your link, you will both get $30 in TradingView Coins to use toward Pro, Pro+ or Premium.
Step 5 - You can also donate your coins to other users. For example, when you visit our profile page here , at the top right, there's a button that says Donate . Click that button if you think our ideas are awesome and send us some coins! We just may do the same for you. 😉
We hope you enjoyed this video and that you collect some TradingView Coins using your unique refer-a-friend link. If you have any questions, please write them in the comments below so our team can help.
Bitcoin (BTC) • Naked Chart AnalysisIn this video we go through Perpetual Swap v Spot basis, Funding rates and Monthly levels.
At the present moment I don't see reason to risk playing shorts (unless taking 80% less of typical risk per position) simply because the risk is to high to be on the short side due to higher timeframe trend but that doesn't mean we should do all in with longs.
There is good chance to see another leg down to 9.6 - 9.2 range (if we don't get front run by smart-money)
Any leg dow down to 9k are buy opportunities due to confluence between technical levels and orderbooks. But in the video i also cover a third scenario hypothesis
How to create beautiful charts with the Object TreeYou need to make the Object Tree your best friend. It's where you can manage, organize, and see everything that's happening on your chart. In this video, we walk you through the Object Tree including where to find it and how to use it.
To get started, find and click the Object Tree icon at the bottom right of your chart. From there you can create groups, make bulk edits, and instantly find everything that's happening on your chart from indicators to drawings.
This video shows the USDJPY and highlights a few key things to watch including the pre-Covid highs and the post-Covid highs. It also shows the Covid crash and immediate rally snapback. The blue line shows a 200-day moving average and the orange line shows a 50-day moving average. The Yellow and Blue bars are Volume Profile showing the visible range of the chart. We've also drawn a few short-term and immediate trendlines to watch for quick trades.
We are constantly improving the Object Tree so please send any feedback or questions in the comments below. If you're already a master with the Object Tree, please share some tips so others can learn from you. Thanks for watching!
For further reading:
Manage Your Charts with the Updated Object Tree
When the markets going down, heres a way to find stocks going upJust for fun, here is an easy way to use the Trading View Screener to find stocks that might be bucking the market trend and heading up.
STOP LIMIT orders are a good way to try and increase the odds that the trade goes in your favour, and a STOP sell order below the low of the previous day to get you out if it reverses.
Silver Still Stair Stepping Down in My Opinion.We currently have a race between the White Energy in the 24h and the Red RSI in the 2-Day Time Frames to determine when our downward pressure might come to a close and reverse to upward pressure. As pointed out in several time frames in the video, downward pressure appears to be in control for now and likely stair stepping down. This is a Near Term Time Frame Group Analysis and not intended for use with very short time frame margin trading. Trade at your own risk...
EURUSD Trade Analysis, Review, Management, and Week aheadHello everyone:
In this video I went over my recent trade on EURUSD short. What is my analysis behind it, and what is my management plan.
I also explained what I see in EURUSD in the up coming weeks, what are some possible scenarios that we can expect from the market.
In addition, I use this chance to talk about trading personality and style on trade management.
As I exit this trade due to my trading plan and style, I explain my thought process behind it.
I point out that I am happy to secure profits, and exit a trade, then look for more opportunities in later on price actions and structures development.
Its important to know that every traders are different, and there is no right or wrong. Its what suits you as a trader.
As always, feel free to ask me questions or comments.
Thank you
GOLD (XAUUSD) - more upside probable. This is an update on the daily time frame for gold. Things have changed.
I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below.
For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must always be affordable).
For the record - and just in case - I never predicted that Gold was gonna crash. This doesn't mean it can't crash. What I said on a previous occasion was that 'Gold could be in trouble' and yes it could still be in trouble even if it punches north.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
How to search for an exchange and discover new assetsIn this video, we show you how to use the search box to find specific exchanges and discover new assets on those exchanges. Our goal is to make global financial data more open and accessible for all of our members. When you create a TradingView account, you instantly gain access to data from around the world.
To get started, head to the search box and type in the name of the exchange you're interested in and add a colon ":" to the end of it. For example, type "NYSE:" to see NYSE listed securities or "NSE:" to see NSE listed securities. You can do this for all of the exchanges listed on TradingView.
At the top right of the search dropdown is a button that says "All Exchanges." Click this to see all of the exchanges available to you and the region of the world they are based in. You can use this to refine your search and discover new exchanges.
If you have any questions, please write them in the comments below and our team will do their best to help. If you enjoyed this video tutorial, press the like button. Thanks for watching and we hope this tutorial helps you with your research, trading, and market knowledge.
Further reading:
- Chart Every US Listed Futures Contract From ICE
- Announcing New Data Feeds From Indonesia, Hang Seng, and More
- A Look Back at New Brokers, Exchanges, and Data on TradingView
S&P 500 review - Turning losses to profit by detecting changesCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and two trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). I will focus on how I detect the changes in the price action and turn the losses into profit in two trades. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3430, 3500 ; Support: 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels to either long or short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Live Intraday Trading - TSLA jet going into the space A superb pattern formation in TSLA . Points to be watched :
1.Entry
2.Exit
3.Taking quick partials after a very good profit
4.A perfect pullback setup using 1 minute chart
5.Partial area marked in the trade is a small resistance area
Thank you !!!
It's Raining.....
$$$$$$$$$$$
How to Use Multi-Timeframe Analysis and What It MeansIn this video tutorial, our team based out of New York City walks you through multi-timeframe analysis including what it means and how it works. Multi-timeframe analysis (MTF) is a process in which traders can view multiple timeframes at once on a single chart. For example, if you're looking at a 30-minute chart you can quickly add a daily Moving Average and weekly Bollinger Bands. Multi-timeframe analysis is the process of looking at multiple timeframes at once and using them to make better decisions when trading or investing.
Getting started with multi-timeframe analysis on TradingView is easy:
Step 1 - Add an indicator to your chart
Step 2 - Open the indicator's settings and find the Resolution parameter in Inputs
Step 3 - Adjust the resolution to the timeframe of your liking
This process works for most of the built-in indicators on TradingView. You can have several timeframes visible at once so you always know the most important price levels. MTF works by the minute, hour, day, week and month.
In addition, Pine coders can use the same `resolution` parameter we use in our built-in indicators in their own scripts. By simply adding it to a script’s `study` declaration statement, coders now have an easy way to add MTF functionality to scripts and let users decide the timeframe they want the indicator to run on.
We hope you enjoy this video tutorial and please press like if you find it helpful. If you're already an expert at multi-timeframe analysis, please leave some tips and educational lessons in the comments so others can learn from you.
Additional reading:
A New ‘Resolution’ Parameter Makes Multi-Timeframe Analysis Easy (TradingView blog)
Learn more about multi-timeframe analysis from other traders
Explore the public library for scripts using multi-timeframe analysis
How to identify valid, high probability price action structuresHello everyone:
In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market.
I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves.
Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be.
The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry.
Thank you
Feel free to ask me questions and comments.