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Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout: Click chart above to see the detailed analysis👆🏻 After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout. Levels to watch: $120, $210 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
8
Trade Recap: EURUSD - SHORT & USDJPY - LONG, 29/10/2024EU Bias Analysis: Although price is deeply discounted on the 1D timeframe, the 4H counter trend persists. Short entries were in line with the 1H bearish range and price pulled back into the 79% OTE area, which confluently overlapped with a 1H bearish OB. Grade: High Quality Valid UJ Bias Analysis: Similarly to EU, price from a 1D perspective was in a premium area but with the 4H counter trend also persisting, the bias remained long and in line with the 1H bullish range. After a pullback into the OTE area following high volume news releases, I waited for a retest of the 1H FVG to seek entry confirmation. Grade: Valid What I did well or could've done better - Persisting in my execution of EU shorts despite being taken out on multiple occasions (both at full loss and with partial profits) - Read through the news "noise" and executed on UJ longs despite the volume which could've been misleading. - Executed on my phone and set the wrong take profit area. Had I not done this recap, I probably would've left money on the table (Given full TP is realised) so I need to be mindful of double checking trade parameters on my laptop if execution takes place on my phone.
Long
by The_Modern_Day_Trader
Buybacks vs. Dark Pool RotationThis lesson is about understanding the dynamics behind corporate buybacks. Sell-Side Institutions, aka the Banks of Record, have their floor traders do the actual buying of shares on behalf of the corporation. However, the Dark Pools, meaning the Buy-Side Institutions, start selling as the buybacks are going on. This training will help you enter a buyback sooner and exit with higher profits for swing trading. We'll study the NASDAQ:AAPL chart to identify buyback candlestick patterns and how to see when the Dark Pools are selling to lower inventory, which is called "rotation." You will also see how the TTAccum/Dist indicator works, and how I use this excellent, leading Hybrid Indicator to aid in my analysis.
NASDAQ:AAPLEducation
by MarthaStokesCMT-TechniTrader
3
Watch Me Make $600,642 Backtesting in 20 MinutesMastering Backtesting with TradingView's Replay Feature: Your Target Practice for Trading Success In the world of trading, practice makes perfect, and one of the best ways to hone your skills is through backtesting. TradingView’s replay feature serves as an invaluable tool for traders looking to test strategies, refine their skills, and improve their overall performance. Think of it as target practice—a way to simulate real market conditions without the pressure of live trading. This article will delve into how to effectively use the replay feature, challenge yourself, and why practice is essential for every trader. The Power of Backtesting Backtesting is the process of testing a trading strategy on historical data to determine its viability. It’s like a dress rehearsal for traders, allowing you to assess how a strategy would have performed in different market conditions. With TradingView’s replay feature, you can step back in time and play out the price movements of any market you choose. Using TradingView's Replay Feature Setting Up the Replay Feature: Open TradingView and select the asset you want to backtest. On the chart, locate the “Replay” button in the toolbar (usually represented by a play icon). Click the button and select the date from which you want to start your replay. You can drag the slider to move through the historical data at your own pace. Simulating Live Trading Conditions: As the replay plays out, you can apply your trading strategy just as you would in real-time. Take note of price action, support and resistance levels, and your entry and exit points. Use this opportunity to test different indicators and strategies, adjusting parameters as you see fit. Documenting Your Trades: Keep a journal of your trades during the replay. Note what worked, what didn’t, and any adjustments you made. This reflection is crucial for developing your trading skills. Target Practice: Challenging Yourself To truly benefit from backtesting with the replay feature, consider implementing challenges that simulate the pressure of live trading. Here are some ways to push yourself: 1. Risk Management Challenges: Decide on a specific risk amount for each trade—say $1,000. After reaching a target profit, like $15,000, challenge yourself to avoid losing a predetermined amount, such as $2,500. This mimics real-life scenarios where maintaining profits can be just as challenging as making them. It forces you to practice discipline and stick to your risk management rules. 2. Trade Frequency Goals: Set a target for the number of trades you want to execute during the replay. For example, aim to make 10 trades in a single session. This encourages you to be decisive and consistent with your strategy. 3. Time Constraints: Limit yourself to a specific time frame when executing trades. For instance, challenge yourself to make all trades within a 30-minute window during the replay. This helps you practice decision-making under pressure, enhancing your ability to react quickly in real-market situations. The Importance of Practice for Traders As traders, we must remember that consistent practice is key to mastery. The replay feature allows you to simulate different scenarios without the risk of real money, giving you the freedom to learn from your mistakes. Here’s why practice is crucial: Building Confidence: The more you practice your strategy in a controlled environment, the more confident you’ll become in your abilities. This confidence translates into more decisive actions when trading live. Identifying Strengths and Weaknesses: Regularly backtesting enables you to pinpoint areas where your strategy excels and where it falters. This awareness allows you to adapt and evolve your approach over time. Understanding Market Dynamics: Each market behaves differently. By practicing across various assets and timeframes, you’ll develop a deeper understanding of market dynamics, helping you make better-informed decisions. TradingView’s replay feature is a powerful tool for backtesting and honing your trading strategies. By treating this process as target practice, you can simulate real trading scenarios, test your strategies, and build the skills necessary for successful trading. Don’t shy away from challenging yourself with risk management goals, trade frequency targets, and time constraints. Remember, consistent practice is the pathway to mastery, and with the right tools and mindset, you can elevate your trading game to new heights. So dive into that replay feature, test your strategies, and watch your trading skills flourish!
FX:XAGUSDEducation
by TLTurnerTV
GOLD and Silver Futures OUTLOOK for the week of Oct. 28, 2024Coming into this week we can see both Gold and Silver are trading away from bullish imbalances, also forming SMT's off those imbalances. We also see that both commodities have CISD's coming off the same lows. In my opinion Gold is showing relative strength, given the fact that it has a failure swing at the lows, while the contrary for Silver. My focus will be towards gold being the stronger pair to long in this scenario. Looking forward to a productive week. Bless.
COMEX_MINI:SILZ2024Long
by chaarate
1
Crude Oil Smoked Again. Will the downtrend continue?Hey, guys. Noticed this evening Crude Oil is down yet again. In this video, taking a look at the technicals and whether this downtrend will continue or not. Oil is in a little bit of a confusing spot, but there is certainly good reason to think the weakness will continue. Hope this video will give you a closer look at the Oil chart and provide helpful information as you develop your thesis around this asset. Will the downtrend continue? Will we get a counter trend move? It will be interesting to watch this develop to be sure! NYMEX:CL1! Hope you enjoy the video, and best of luck out there!
Editors' picks
NYMEX:CL1!Short
by redykhouse
4
ALL STAR EARNINGS WEEK! Option Market pricing a 1.8% move/wkALL STAR EARNINGS WEEK! Option Market pricing a 1.8% move/wk Key earnings this week : Tuesday: Alphabet after close Visa Wednesday: Microsoft After close Meta Thursday: Amazon After close Apple Economic Calendar key events this week : Tuesday: 10:00 am Consumer confidence Wednesday: 8:30 am GDP Thursday: 8:30 am PCE index 8:30 am PCE (year-over-year) 8:30 am Core PCE index 8:30 am Core PCE (year-over-year) 8:30 am Initial jobless claims Friday: 8:30 am U.S. employment report As well of End of Month and Elections following Tuesday on Nov 5. Volatile week equals opportunity for day traders. Stay Frosty!
SP:SPX
by Beyond_Charts