Beyond Technical Analysis
Risk cancellation sample 4Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
risk cancellation 3Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
Risk cancellation sample 2Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
Risk cancellation 1 Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
How To Use Time Frame Combination For Swing Trading OANDA:NZDUSD
OANDA:EURUSD
Hello Traders,
This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame.
I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame.
I hope this video helps you.
Don't forget to give me a like and a follow for future updates.
If there is anything you want me to cover, drop a comment on it.
5 Trades this week & +2.40% 😆 / Part 1In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend.
If you enjoyed the video, please leave a rocket or a comment 😁
I will be making more video analysis for the channel as I have been enjoying them myself. Anyways have a nice weekend.
Self reflectionThe past couple of days has seen EURUSD hit my POI and start to bounce off and head towards my target. While this is nice, the downside is that I have not yet been able to position myself into this trade.
This video is just about my emotional state at this moment and some takeaways I need going forward. Initially this was meant to be a private video but in the spirit of transparency and just wanting to be held more accountable to myself I decided to make it public.
Trading using Bell-Curves In this video, I go over some of the theoretical and practical applications of bell-curves in trading.
Topics covered include:
1. The normal distribution and skewness
2. Kurtosis
3. Regression to the mean
4. Tests of Normality; and
5. Real-world examples of how bell curves work
Calculating Bell-Curves:
Bell curves can be calculated using SPSS, Excel, SAS, R and OpenOffice. Eventually, my aim is to provide this ability and functionality directly within Pinescript so that we may be able to calculate the distribution right from Tradingview. I have already made some strides in this area which have culminated in a upcoming release of a new indicator and a Stats based library. My aim is to continue to advance new functionalities in Pinescript for other math-based and quant-based traders.
If you would like a tutorial on how to calculate bell-curves directly in Excel, SPSS or R, let me know below.
MOST IMPORTANTLY!! Your feedback!
And most importantly, I ask for your feedback!
I enjoy making content like this, the two things in life I love the most, I mean besides my dog, are Math and Trading! However, I want to provide content people find useful and helpful. So please let me know if you find this helpful and/or useful and also suggestions on future content you would like to see. I can only provide useful information when I know what people find useful!
Thank you for watching and enjoy the rest of your long weekend!
How to: Dynamic DCA with Risk Metric [Live Backtest]Hi Everyone,
This tutorial is a live backtest demonstration of a basic Dynamic DCA strategy using my Bitcoin Risk Metric and how it performed in the 2018-2021 BTC market cycle.
The risk metric quantifies the risk of buying BTC at any given time, highlighting periods of overvaluation and undervaluation. A Dynamic DCA strategy allows the user to:
Accumulate BTC during periods of undervaluation.
Lock in profit during periods of overvaluation.
Grow a cash position (undeployed capital) to take advantage of periods of extreme undervaluation.
I hope this tutorial is informative and gives a clear picture of how the @panpanXBT Bitcoin Risk Metric indicators can be utilised to guide decision making.
Please refer to the ideas linked below for information on how to gain access to these private indicators and strategies.
Price Channel TradingPrice Channel + RSI trading
Price channel trading involves identifying a range of prices in which is trading and buying when the price hits the lower end of the range and selling when it hits the upper end of the strategy to trade within the range and that the price will eventually revert the mean.
RSI trading involves using the Relative Index (RSI) identify overbought and oversold in a stock. When the RSI is above 70, is considered overbought, and when the RSI is 30, the stock is considered overs Traders may buy when the stock is oversold and it is overbought, assuming the price will eventually revert of these strategies can be used to make money trading stocks, but careful analysis and to be successful. It's important to do your own research and consult with a financial advisor before making investment decisions.
How To: Share Chart Ideas on TradingView and across your socialsA few people asked about how to more easily share their ideas both within TradingView and across their social platforms. They'd been manually capturing and saving chart screenshots, which made me consider that many may not be aware of the existing built-in functionality for this purpose. Hence, I've put together a brief video guide for those who haven't yet discovered this handy feature.
Super simple and quick. Hope others find it useful :)
Using Excel to Backtest your Strategy Hello everyone!
This is a tutorial video on how to use Excel to backtest your strategies using technical indicators on Tradingview.
This provides the foundations for you to get creative and have the essential tools and knowledge required to begin back-testing your strategies using Excel.
There is much more than can be done using Excel for back-testing, so if you are interested in seeing more in-depth functionality for more advanced back-testing methods, let me know below!
The essential functions in this video are the conditional functions of Excel. These are the "If" "Then" statements.
The code used to identify conditions are:
Single condition:
=if(condition1,"Result1","Result2")
More than One Condition:
=if(and(condition1, condition2, condition3, etc.),"Result 1", "Result 2")
If you do not have Excel, you can use OpenOffice which is opensource and free to use!
As always, let me know your questions and comments below!
Safe trades everyone!
What is an "R"? Discover the Most Popular Way to Manage RiskUsing R multiples is one of the most widely used strategies by professional traders for managing risk and tracking results. The R multiple concept is extremely easy to use and implement into your own strategy. With this simple idea, money management will become a breeze! If you have any questions or comments I would love to hear them!
Fibonacci Price Theory In Action On SPYAre you struggling to understand how price is the ultimate indicator?
This basic instructional video will help you learn the basics of Fibonacci Price Theory and how to apply it properly to price.
Remember, Fibonacci Price Theory works on any symbol, any interval, anything that TRADES.
Used in conjunction with other TA or advanced modeling, this is likely the KEY to your understanding how price is the ULTIMATE INDICATOR for all your trading.
Want to learn more?
Follow my research learn how I apply 25+ years of experience to the markets.
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