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Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room. I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts. Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
How I use the DMI and RSI to analyse the SPXI go through my analysis process on the SPX using the DMI (directional movement index) and the 9-period RSI together with the 55 and 200-day moving averages. I give a read on what I am currently watching and what levels. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CBOE:SPXEducation
by The_STA
1
Why I Fail At Trading!(Episode 1)A $10 account that Im trying to record my trades on it to figure out my mindset and thinking and what I should do and what I should not do.What are my strenght and weakness and things I know that are wrong todo but I do it anyway due to NOT able to control the emotions What Ive done Wrong: 1 Open a Long position at a bad place 1-I didnt close at 28.3 where I wanted to close if it stalls. 2-After seeing potential to come down to my entry I still holded it What Ive Done Correct: 1-Using SL/TP and planning for the position
Education
by pcmonk
3
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades. I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
16
Scalping Gold using the intraday BIASScalping gold using intraday bias refers to a trading strategy where investors take advantage of short-term price movements in the gold market based on the prevailing intraday bias. Intraday bias refers to the direction in which the price of an asset, in this case, gold, is expected to move within a single trading day. Traders who employ this strategy typically open and close multiple positions throughout the day, aiming to profit from small price fluctuations. Here's a step-by-step description of how this strategy might work: ### 1. **Understanding Intraday Bias:** - **Technical Analysis:** Traders use technical analysis tools such as moving averages, support and resistance levels, and various chart patterns to identify short-term trends and potential entry/exit points. - **Fundamental Analysis:** Consideration of economic indicators, geopolitical events, and market news that could influence gold prices within the day. ### 2. **Setting Up Indicators:** - **Moving Averages:** Traders often use short-term moving averages (e.g., 5-period and 10-period) to identify quick changes in trend direction. - **Relative Strength Index (RSI):** Helps identify overbought or oversold conditions, indicating potential reversal points. ### 3. **Identifying the Bias:** - **Bullish Bias:** If the intraday analysis suggests a bullish bias (gold prices are expected to rise), traders look for buying opportunities. - **Bearish Bias:** If the bias is bearish (gold prices are expected to fall), traders look for selling opportunities. ### 4. **Setting Entry and Exit Points:** - **Entry Points:** Traders enter positions when they believe the bias is strong and the price is about to move significantly in the expected direction. - **Exit Points:** Profit targets are set at small increments, and traders exit positions once these targets are met. Similarly, stop-loss orders are placed to limit potential losses in case the trade goes against the bias. ### 5. **Risk Management:** - **Position Size:** Traders often risk a small percentage of their trading capital on each trade to manage potential losses. - **Volatility Consideration:** Gold can be volatile; traders must adjust their position sizes and stop-loss levels accordingly. ### 6. **Continuous Monitoring:** - **Real-Time Analysis:** Traders need to constantly monitor price movements, news, and any other factors that might affect the intraday bias. - **Adaptability:** The strategy might need to be adjusted based on real-time market conditions. ### 7. **Closing Positions:** - **End of the Day:** All positions are closed at the end of the trading day to avoid overnight risks associated with holding positions in a volatile market like gold. ### 8. **Constant Learning and Adaptation:** - **Review and Analysis:** Traders review their trades, analyzing what worked and what didn’t. This analysis informs future trading decisions. - **Adapt to Market Changes:** Market conditions can change rapidly. Successful scalpers adapt their strategies to evolving market trends and behaviors. It's important to note that scalping can be highly demanding and requires a significant amount of time, attention, and discipline. Additionally, transaction costs (like spreads and commissions) can erode profits, making it crucial for traders to have a well-thought-out and tested strategy before engaging in scalping activities.
OANDA:XAUUSDEducation
by MillixFx
2
How to backtest Signals with different Risk to reward ratioHello traders , this is my very first video on this platform, so please bear with me as I plan to make better content in the future. In this video, I aim to show you how to test your trading signals using various risk-to-reward ratios. The goal is to identify the most suitable ratio for your signals and create a profitable strategy. What's crucial in strategy development is effective risk management and selecting the right risk-to-reward ratio. You might have a signal that performs poorly at a 1:1 ratio but becomes profitable at a 3:1 ratio. I'll explain how to use this indicator and why it can be highly beneficial for your trading. In this section of the video, I'm demonstrating how to apply this method to internal signals like RSI, moving averages, and Supertrend. Additionally, I'm planning to create another video to teach you how to backtest your own external signals. Please let me know if this is something you'd like to learn more about.
BITSTAMP:ETHUSDEducation
by TZack88
4
5 Steps:Who Else Wants $5 Stocks?#1-The Secret Of The High Trading this type of stock can be a huge challenge, but a challenge we can simlulate to solve. #2-Here Is A Method That Is Helping Bid To Ask When you decide to buy a stock like this you need to see what is the best bid or ask to enter the trade. #3-Here Is A Quick Way To Bid On this video you will see how to enter either a bid or ask on your trade.Watch it now to find out how or better yet watch it again. #4-Now You Can Have OM Stocks OM stock is a good example of a trade that can help you get started in trading stocks that are at a low price to buy. #5-Have A $5 Stock You Can Be Proud Of You want to buy a stock that is easy to afford because you will be using a cash account to trade them. Disclaimer:This is not financial advice do your own research before you trade. Rocket boost this content to learn more
NASDAQ:OMEducation
by lubosi