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Beyond Technical Analysis

SPY Example Setup For DaytradersHere is an example dual-chart setup for SPY daytraders. I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level. If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds. This chart includes a number of TradingView PUBLIC SCRIPTS and a dual-chart layout. Both Heiken-Ashi and traditional Candlestick charts are used. Learn to better TIME/ENTER your trades and learn to use price structure/Fibonacci retracements to develop target levels. Follow my research.
AMEX:SPYEducation
by BradMatheny
1
How to create simple web-hook to send alerts to TelegramHello Traders, In this video, I have demonstrated how to create a simple web-hook which can send your Tradingview alerts to Telegram channel or group for zero cost. ⬜ Tools Used ▶ Telegram Messenger ▶ Replit - Cloud platform for hosting small programs ▶ Postman - To test web-hooks before going live (Optional) ▶ Cronjob - To set health-check and keep bot alive ⬜ Steps ▶ Create Telegram Bot Find BotFather and issue command /newbot Provide bot name Provide bot username - which should be unique and end with _bot Once bot is created, you will get a message with token access key in it. Store the token access key. ▶ Prepare Telegram Channel Create new telegram channel Add the bot @username_to_id_bot to it as admin and issue /start to find chat id Store the chat id and dismiss @username_to_id_bot from channel Find the bot created in previous step using bot username and add it to channel as admin ▶ Setup replit Create a free Replit account if you do not have it already. Fork the repl - Tradingview-Telegram-Bot to your space and give a name of your choice. Set environment variables - TOKEN and CHANNEL which are acquired from previous steps. Run the REPL ▶ Test with postman Use the URL on repl and create web-hook post request URL by adding /webhook to it. Create post request on postman and send it. You can see that messages sent via postman appearing in your telegram channel. append ?jsonRequest=true if you are using json output from alerts. Json request example: ▶ Set alerts from tradingview to web-hook Use web-hook option and enter the webhook tested from postman in the web-hook URL And that's all, the webhook for Telegram Alerts is ready!! Thanks for watching. Hope you enjoyed the video and learned from it :) PS: I have made use of extracts from the open github repo: github.com
COINBASE:ETHUSDEducation
by Trendoscope
165
Always factor in the possibility of the market’s developmentHello Traders: First educational video since I went away 8 months ago :) This topic has been brought up many times, and I wanted to prepare this video for those who are still struggling with the concept of possibility in the market. Many inconsistent traders, when taking losses, often look at their strategy as the reason why the losses occurred. They often fail to see that the real problem often lies with emotion, psychology, risk:reward, rather than strategy. A good rule of thumb when approaching the market is to have a clear mind and expect anything can happen, regardless of technical analysis. That means, even if a certain setup is developing, there is still probability that you will take a loss after entering. No strategy can give you 100% win rate. No matter how clean the setup is, or how it mimics the past price action or setups, the market can still not go with what you wish it to go. So, when we are waiting for a setup to happen before taking the trade, try to think on the other side as well. If you are looking for a long setup, also think about whether there is a possibility of a sell, and does sell also make sense. As an example, here on USDJPY, I have seen traders share their bullish view and bias. Certainly nothing wrong to follow through with your own view and forecast, however, I would suggest to also look into the possibility of a sell potential. Does the sell potential also make sense ? What if both bullish and bearish outlook exist ? then does it make sense to execute the trade ?
Education
by jojofang0901
19
Stay cautious of a PEAK/TOP in the markets today.My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward. I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today. If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours. Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion. I believe the $408 level is a likely downside price target for the SPY by Thursday. Follow my research
AMEX:SPYEducation
by BradMatheny
4
Don't trust stock charts aloneValuation change my life. I was blind and now I see. not kidding. I love technical analysis. I love it more when combined with valuation. Stocks are actual businesses. Charts only track transactions. its like receipts in the trash outside the store :D Warren Buffett used to collect bottle caps as a kid. Then would sort them to find out what drinks were most popular. He sold Coca Colas from his grandfathers grocery store based on this info and also later in life became a Coke Stock investor. so what? Maybe not you, but definitely me, Ive made the mistake of JUST LOOKING AT CHARTS and forgetting whats behind the charts. Actual businesses, people, and world governments acting out their motivations, resulting in what we see in the charts. There is so much more information, that when combined with charts, makes for better decisions. Shout out to trading view. Trading view allows for make fundamental data easy to overlay onto charts. gamechanger! Macro/fed, accounting fundamentals, charts/trends, social sentiment/behavior, options pricing, all of this and more is out there for investors to consider. Any who. The video is about the market multiple on earnings which results in prices. Thats what prices are. Prices are a derivative on business earnings. Earning x multiple = price. When I was noob young monkey, I wish I knew all of these concepts. So here I am trying to share. Hope you dig it. Cheers!
SP:SPXEducation
by ValuePig
7
My Backtesting Results on NZDCHFHolding trades is what I want to get better at and backtesting is going to help me do it. I've backtested NZDCHF today and found that it was a remarkable session. I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades. I used the monthly, weekly, and daily timeframes with most of my entries coming from the daily timeframe. I used my own strategy known as TMP. It stands for Trend, Market Structure, Price Action(or, pending orders). I identify the trend first, then set my estimation zone, then place my pending order. In that order, thats it. I don't use support and resistance, trend lines, or indicators for the most part. I like using price action. Its my preference that has changed throughout my trading career. I've noticed I a few reasons why I don't enter my best setups are due it 1) Money trauma( family had poor money management) 2) Time limit( pressure from showing results) To get over those, I have set parameters to take partials, move my trades to break even, and set pending orders to eliminate myself not entering my own trades. This helps in the long run and has helped since collecting data on myself since the start of me using prop firms. I can only pray that through my backtesting and trading journey, this can help you too. Please let me know if you have questions regarding my backtesting or found something unique that helped you. Safe trading❤️
Education
by ShaquanLopez
1
What I've learned after backtesting So, I love backtesting. Recently I've found my self in a 3% drawdown and needed to figure out what the cause of it was and trading at this moment won't give me that answer. So, I decided to backtest. Here is what I found: 1. I'm overtrading my system I am a proud swing trader who got back into scalping the market in December 2022. It was mot my idea, but I thought I could handle it. I started out great, but then the market reminded me why I left the lower timeframes. 2. I'm not holding my trades long enough. Thanks Prop Firms! Since joining a prop firm my mind has been changed to holding trades for less time than I normally would. I don't mind holding trades for weeks or months, but prop firms give you time limits during evaluation periods. That was and still is a huge adjustment for me. Being a swing trader means I have to let my profits run. So, now, I've found a prop firm that will allow me to hold my trades with no time limits. 3. Not holding trades to my weekly and monthly targets. I need to see past my daily targets. Normally my daily risk to rewards are between 1:1 and 1:2. I'm in drawdown because I'm not recovering from my losses with these risk to rewards. So now, I'm only taking trades with RR over 1:2 and better. This way I'm trading less, holding longer(sometimes), and getting the best bank for my buck. Backtesting helped me see my mistakes and how to correct them. This is called fixing your strategy. Notice how I'm not changing my strategy. I'm tweaking my strategy to fit my mental capacity and trading style. If you find you're in a drawdown and can't see, stop trading and backtest what you're currently doing and find a way to stop the behavior thats causing your drawdown. Then, stop doing that particular thing so you can see better results. I pray this has helped you. Let me know your key takeaway by commenting below.
Education
by ShaquanLopez
53
Learning to stay ahead of market trends - 2023 & BeyondFollow my research. Learn why I expect 2023 to be a very difficult year for active traders and how you can avoid all the risks by modifying your capital allocation levels RIGHT NOW. You don't have to stand in front of a freight train or try to force trades when they are not opportunistic. You could just wait for the better setup in July/Aug 2023 and ride out Wave-3. Do you want to gain profits or just try to gamble your capital away? Sure, if you are a day trader, you may be able to trade some of the bigger price swings over the next 5+ months. But, most of the price action is going to be in ETFs and select US stock sectors. Learn to position your trades to capitalize when opportunities are the RICHEST for success. Wave-1 has nearly ended. You are trying to catch the last 5% to 7%+ of an uptrend before the US markets will slide into a Wave-2 correction. Are you sure you want to risk a boatload of capital at the end of Wave-1 right now? Knowing when to trade is important. Knowing when NOT to trade is even more important. Make sure you are getting reliable information, content, and research. Trading is not about trying to be the next zero-Billionaire in 25 days - it is about surviving and growing your accounts over the next 5 to 10+ year efficiently. Follow my research.
AMEX:SPYEducation
by BradMatheny
Chat GPT Ai stocks list for 2023Is chat gpt and Artificial Intelligence the next boom theme? Why are so many people talking about it recently? How long can this new trend create opportunity for , years, decades? How do we value the opportunity and avoid paying too much? Dont get ripped off and caught up in the hype, use math and valuation to price the reward and risk in a balanced logical way. The legends of investing have given us they formulas through lifetimes of trial and error. We just need to apply them. Benjamin Graham, Peter Lynch, Warren Buffett, Phil Fisher, these guys used simple math to make fantastic decisions. Concepts like Price to Earnings vs growth, and balance sheet valuation concepts. Stick to the valuation math principles and make better logic decisions in these uncertain markets. Cheers!
NYSE:AIEducation
by ValuePig
4
Using Fibonacci Price Theory To PROTECT Your TradesProtecting Your Trades With Fibonacci Price Theory. Learn to understand the BELTLINE range (50%) and why it is so important for structuring your trades for profit. Not all trades will be successful - plan for FAILURE. Planning for FAILURE = Long-Term SUCCESS. Follow my research. The rabbit-hole of knowledge I've amassed over the past 25+ years is deep. I could go on and on about different strategies, theories, concepts, and indicators. What I've learned is... KISS - Keep It Simple Stupid! _ The IDIOT SYSTEM is often the best for new traders. _ Use Multi-timeframes to confirm price trend/direction. _ Use PRICE STRUCTURE as the core of all of your research. Hope these help everyone out. Pay Attention.
AMEX:SPYEducation
by BradMatheny
Part 2 - Fibonacci Price Theory on SPY 60 Min (Deeper we go)After 25+ years of research, study, and application of some of the most incredible trading strategies - I'm sharing one of the MOST IMPORTANT structural price theories with all of you... The Fibonacci Price Theory. The primary rule of the Fibonacci Price Theory is: Price is ALWAYS seeking NEW HIGHS or NEW LOWS. Price is never NOT attempting to reach NEW HIGHS or NEW LOWS. Let that sink in for a minute. If you knew price was always attempting to establish a trend, or continue a trend.. how would that change your trading/investing tactics? What if I showed you how I use Fibonacci Price Theory? And how YOU can use it to further your own trading skills? Here you go, A 60 minute SPY chart where I'm applying the basics of Fibonacci Price Theory to the current market price rally. If you've ever wanted to learn the TRUE CONSTRUCT of price - this is it. All other technical analysis techniques (Elliot Wave, Indicators, & others) are constructed from PRICE. Price is the Ultimate Indicator. Pay attention and follow my research.
AMEX:SPYEducation
by BradMatheny
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart Fibonacci Price Theory. The consensus of all TA is that PRICE tells us everything. Fibonacci Price Theory is the REAL DEAL. Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME Use it in conjunction with other TA/Indicators. Use it with Elliot Wave analysis. USE IT. My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention. Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you. I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video. After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals". Hope this helps.
NASDAQ:NVDAEducation
by BradMatheny
Tradingview Telegram Webhook Bot with Chart Snapshot (Revised)Hello Everyone, In this video, we will try to go through revised implementation of Tradingview-Telegram-Bot which can be used to send alert messages from tradingview to telegram along with current chart snapshot. 🎲 Base Initial version of the same idea are as below: How-to-create-simple-web-hook-to-send-alerts-to-Telegram How-to-capture-chart-snapshot-in-tradingview-telegram-alert-bot 🎲 Prerequisite Before proceeding with the current video, please watch the first video - How-to-create-simple-web-hook-to-send-alerts-to-Telegram which covers lots of basic things such as Creating Telegram Bot using botfather and capturing required information such as TOKEN and CHANNEL Basic usage of replit - a cloud based hosting service which lets us define our webhooks with little to no cost. Postman - tool which is required to test the webhooks created Other information such as keeping the bot alive via cronjob, using the webhooks in tradingview alert widget etc. 🎲 Setup Clone/fork replit repo Set mandatory environment variables CHANNEL and TOKEN Set optional environment variables username/password or sessionid Run the bot and start using webhooks 🎲 Usage Webhook URL will be of the format. https://Tradingview-Telegram-Bot. .repl.co/webhook? 🎲 Important Query parameters jsonRequest - can be set as true/false. Default is false. If set to true, the payload should be a standard json. Output to telegram will be sent in tabular format. If not set or if set to false, output to telegram will be clear text. tblfmt - table format to be used when jsonRequest is set to true. Default is plain. The values are exactly same as the ones required for tabulate package. chart - Send the chart id if required to send chart snapshot along with alert message. For this to work - chart needs to be either a shared chart or environment variables for tvusername and tvpassword should be set to the user who has access to given chart. ticker - Chart ticker. You no longer need to use different chart for different tickers. You can have a common chart and pass ticker to it so that chart will automatically switch to given ticker before taking screenshot delivery - Taking chart snapshot takes time. This also delays the delivery of alert message. To avoid this, we can use this option - delivery=asap so that alert message will be sent as soon as possible and chart is sent later. If this parameter is not set, then both the messages will be delivered together. 🎲 Repository URLs Tradingview-Telegram-Bot-Github Tradingview-Telegram-Bot-Replit
Education
by Trendoscope
27
Digging in the trash for almost free value-Net Net Cigar ButtsBenjamin Graham taught Warren Buffett his Net Net liquidation value stock strategy. Graham would hunt for stocks that were so cheap that there was more value in the company if they stopped operations and passed out the assets. Net liquidation value was higher than the price of the whole company. Graham learned this from the hard times of the depression years, but the concept still applies to companies today. Disclaimer: Small cap penny stocks are highly risky and will lose you money. This is not advice or any recommendation to buy, you will lose money. CEAD ARVL CENN
NASDAQ:CEADEducation
by ValuePig
3
Strategy Coding E01: Adding a custom Trailing-StopIn my experience there are phases to creating a strategy. In this episode we will cover one of the most important steps: establishing an exit strategy. Exiting a position is crucial to risk management. If your entries are terrible but you have a good exit strategy, you might get by and not lose a lot of your capital. And vice-versa, if your entries are great, but your exit strategy is terrible, you my not make any profit. Concepts we will cover in this episode: Integrating an indicator value as a trailing stop. Lowering the trailing stop sensitivity by using the Average True Range (ATR). Customizing the ATR value. Brief introduction to 'modules'.
AMEX:SPYEducation
by Electrified
13