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Beyond Technical Analysis

How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, Clifford
COMEX:GC1!Education
by TradetheFuturesCharts
36
2 Free Online Games that Have Helped Me Become a Better Investor2 Free Online Games that Have Helped Me Become a Better Investor. So Im in the middle of reading the " A Man of for All Markets" by Edward O. Thorp, and its fascinating. Hes a mathematician who proved there was a potential edge in blackjack (21) based on the cards that were left in the deck. He also went on to be investing fund manager who focused on covered calls and warrants and had a consistent track record for 20-25% annual returns. But his logic covered in his book focused on not only the odds of winning but the sizing of bets in both playing games and investing. Risk management and bet sizing is not spoken about enough in life I believe. In the age of YOLO and wall street bets, clearly its not celebrated enough. A YOLO bet is a massive bet because 'you only live once'. how silly mathematically and how foolish from a consistency basis. Been there done that. Bet sizing is key for survival. If you cant endure and survive long enough to be massively right, then your out of the game. In the video I share 2 games that I think are awesome for practicing these concepts. I really I had learned to play and practice these concepts in games like this in college or high school. Its a math simulation. the Coin flip game is fantastic for learning how to manage risk and bet sizing. The Cashflow game by rich dad poor dad is awesome for taking investment habits and cash managements and applying them into a mini lifecycle that rhymes with real life. If youre new to investing, or just sharpening your skills, I definitely recommend both games. Have a great day, Cheers!
SP:SPXEducation
by ValuePig
5
How to create auto trading bots for zero costHello Everyone, Following are the things we discussed 🎲 Minimal Components of Auto Trading System: Source where signals are generated Exchange/Broker where orders are placed Integration component which bridges both 🎲 In this example Source - is our tradingview system and a sample script which generate alerts. Do not use this script for trading as it is only created for demonstration. Exchange - We are going to use BingX exchange for this example as we only have this implementation in our integration system. Integration System - www.pipedream.com is used for integration. This is cloud based integration product which is very flexible. Platform also allows users to contribute towards the product. Hence, it is very easy for us to develop integration to any broker or exchange which has API support. 🎲 Limitations BingX APIs are fairly new and hence there are not much features. There is no option to place stop order. It has option to place only limit/market orders Stop loss is not possible via API 🎲 Steps: 🎯BingX - Create account and enable perpetual futures trading - Setup google authenticator and add valid email and phone. - Create API - it will ask for Google authenticator code and email and phone OTPs. - Store api key and secret key in safe place. 🎯Tradingview - Create a script which can send stop, target, ticker information as signal. - Study the existing idea about customising alerts for better understanding on how to achieve this. 🎯Pipedream - Create account and setup BingX as source (needs API Key and Secret Key derived from BingX) - Create Webhook trigger and capture webhook URL. - Provide this URL in alerts to generate alert messages which are sent to webhook by default. - Once alert is sent, load the alert in pipedream source and built rest of the workflow including calculate leveraged position and bracket order trades. - Once tested, deploy the workflow so that workflow will keep listening to incoming alerts to generate trades. Please note: the discrepancy in leverage calculation caused due to two things: Lower timeframe used for generating faster alerts. Since the volatility is small, gaps can be huge. The workflow did not run at once. Hence the delay caused rest of the issues resulting in miscalculations. These problems however will not come when orders are placed via alerts and executed automatically.
Education
by Trendoscope
43
An Introduction to Trading the Markets Part 3 - MANAGING YOUPart 3 of a 3 part Tutorial - Managing You. In this tutorial I help the beginner understand the different types of personality and to put in some tools to allow you to become a better trader. It's not an exact science, but if you can learn when to trade (and when not), if you learn how to manage the trade then you should have removed most of the 'noise' that can tempt the amateur to run their losses/cut their gains! But knowing your personality type can help enormously in generating consistent returns! Happy Trading
NYSE:DISEducation
by boyabouttown330
Lazyluchi Talks Relative Strength IndexNow I've been TRADING trend continuation for 180 days now and I had something come to me on WEDNESDAY. The market being in an over bought or sold situation can affect our TRADES. I'll be making use of the RSI to aid my setups (that is: where my SLs and TPs even entries will be). Here are rules that can guide you after watching the video. RULES OF THE RSI 1. Above 50% is BULLISH Below is BEARISH 2. When taking TRADES be sure to know where the 50% is. 3. Don't TRADE counter 4. Know thy 20% and 80% 5. Always draw three lines (80,50, and 20) Then know the dominating structure, and take that TRADE 6. In an UPTREND, know thy 20 and 50 (wait for it to break above the 50 to BUY) 7. In a DOWNTREND, know they 80 and 50 wait for it to break below to SELL) 8. STRATEGY: trend following with breakouts 9. The RSI helps to avoid overbought and sold situations Some abbreviations I'll be using would all make sense when I start. I'll be labelling the 80%,50% and 20% levels. 80 and 50 for the BEARS, 20 and 50 for the BULLS. The DIVERGENCE and STRUCTURES will still be in the works. Stay tuned for them RSI trades. Enjoy!
OANDA:NAS100USDEducation
0
by lazyluchi
1
USDJPYNew strategy for the New york session; 1. Check for market profile - whether consolidating, accumulating and distribution. preferably trade after accumulation 2. Look for daily chart FVG as draw on liquidity and Order Block as points of rejection. 3. Look for BSL and SSL 4. Check for kill zone times a) Look for 8:30 b) Look for 9:30 clear on liquidity 5. Wait for 9:30 clear on liquidity 6. Check for displacement swing 7. Wait for FVG and enter 8. Target on Relative equal lows, daily, weekly lows, or NYL .
Education
by evagatfx
Rates Obsession - a pro interest rates set-up on TradingView Interest rate pricing has a huge effect across many financial markets at present – the correlation between short-term rates, rates volatility and the USD is certainly evident. However, with such a big window for increased volatility in interest rates pricing, as traders try and price the prospect of a 25bp or 50bp hike at the 22 March FOMC, as well as peak fed funds pricing, could increased pricing result in a big move in the USD and NAS100? In the video, we look at how we can look at the fed funds curve and understand ‘what is priced in’ – we look at how to measure the degree of cuts priced in for a specific period of time, and how to look at implied volatility in bond markets – and, why it is important for FX and index traders? Interest rates and short-term US Treasury bonds are the first derivative and so many markets take their direction from these inputs - hopefully, this gives some understanding of how you can use TradingView more effectively to assess these inputs.
TVC:US05YEducation
by Pepperstone
4
MENT SPY DayTrader Page Update (2-22-23)I've been working on the TT-3MACD PineScript update for about 4+ days. It seems every time I make a breakthrough, there is more to attempt to build into it. PineScipt seems pretty cool so far. Documentation is great - but it is a process of learning how the engine processes things. My goal is to build a TEACHABLE solution for my followers - allowing them to make their own decisions based on my research and other strategies. Ideally - it is about teaching others when and how to trust their own intuitions. This video update shows you the FOUR components of my strategy so far: - The TT-3MACD Strategy (including entries/targets/reversals) - Running on a Heiken-Ashi chart - The Standard Candlestick chart - running the Linear Regression tool - The 3D Wave indicator - The Donchian Ribbon Indicator. Using these in combination with Fibonacci price theory (Higher Highs/Lows in an UPTREND - Lower Highs/Lows in a DOWNTREND) - should be just about everything any SPY Daytrader could want to learn to get started. It really is THIS SIMPLE. The only other thing you need to learn is position sizing techniques. In other words, when to be more aggressive and when to be patient (trading smaller position sizes). Follow my research and let's see if we can get all of my followers into a better place to start profiting from SPY price swings. I will post another update/video when I publish the MENT TT-3MACD strategy for all to use.
AMEX:SPYEducation
by BradMatheny
SPY Cycle Patterns: Resolving volatility into March 2023This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week. I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that is required to be able to generate 50% to 100% profit every week (using options). Just last week one of my friends used my SPY Cycle Patterns (and his own skills) to make over 700% ROI. It does happen. Watch this video. Next week will be very volatile in my opinion. Once we clear the upper resistance level, we should continue to trend up to $435 or higher. The burst of volatility will likely make for great trade setups - if you know what you are doing. Follow my research.
AMEX:SPYEducation
by BradMatheny