Tutorial | How To Calculate "Flush Zones" Using ATRHoly sell-off Batman. Today we finally had some volatility, and a 2-3% down day in the stock indices. This range expansion seems like a perfect day to come back with another lesson on market tendencies and using ATR to calculate flush zones. What's a flush zone you ask? It's where the weak hands get flushed.
For this lesson, I'm using prior session lows as the levels to measure the zone, but you can apply this concept to any significant level. And remember, you can do this with any instrument. Try it in AAPL or BTCUSD or your favorite symbol.
Beyond Technical Analysis
BT_EURUSD - 7 September 2021 [Part 1]Since I already know the following price action, the point of backtesting won't be focusing on the ROI.
Focus on backtesting my entry model by using the replay mode. The purpose is to test my eyes to spot the entry model during live market.
Annotating thought process during the trading process is good for reviewing the process. It's a way to measure my skills and level of mental clarity at the moment of trading.
This video is recorded for my personal use, looking back to the backtesting process helps me to decide which part or skill I need to improve (finding my own strength and weaknesses).
Reinforce the good habit and eliminate the bad one.
Moon Trading strategy in SpanishBendiciones y mucho amor a toda la maravillosa familia de Moon Trading , les presento hoy el videotutorial de como utilizar el script Moon Phases by Nicolás Huljich que hice para ustedes, a través del cual, pueden lograr maravillosas ganancias de una manera conservadora y exponencial, a través del interés compuesto y las fases lunares.
Asegúrate de comprender y estudiar bien lo explicado, empleando dicho análisis en otras criptomonedas y creando tu propio criterio y valiéndote de los indicadores y estrategias que más te sirvan para sacarle máximo provecho a tu Moon Trading .
Recuerda que esto no es consejo financiero sino que ha sido compartido con fines educativos solamente. Es importante que siempre hagas tu propio análisis y tengas mucha precaución a la hora de hacer inversiones, siendo vital que entiendas lo que harás con tu dinero antes de hacer algo con el.
HOW-TO: Losses can and will always unfold in TradingIn this help Tutorial, I would like to take a look at losing trades, as show you that losses can and will unfold, no matter what Trading approach you take.
In the video we take a look at a losing trade on the 3min NQ. I know that 3min is shorter time frame than we usually look at in TradingView, but it illustrates the example well. As you will see, losses will always unfold when Trading that is why it is important to keep them small. One technique to achieve this is the use of Position Sizing. This varies the number of Lots / Contracts / Shares you take to keep your initial risk small and (more importantly), constant across all your setups. For Futures we suggest a maximum of 2% of your Trading Account size.
Over time, your aim should be then to have Profits that are much larger than your losses. That is why we always look at Risk (or R) units for loses and Profits. In this way your Profits can be large in relation to your losses.
It is so important to understand, and accept, that no matter what trading approach you take in your own trading, that losses can and will occur. That is why it is vital to keep those inevitable losses small, and Position Sizing is one method to achieve that.
How To: Build Your Own Private Signals Service Using TradingViewMany traders - especially beginners - rely on others to tell them what stocks to trade and when to place their entries and their exits.
What I want to show you is not so much how to trade or what strategy to use, but once you have found a strategy that YOU like, how to set up this strategy in TradingView and get automated alerts when a stock meets your criteria.
This video covers:
How to setup your TradingView Chart
How to add built-in or custom TradingView Indicators to your chart
How to customise those indicators
How to find stocks that match your criteria using the TradingView Screener
How to save your set up
How to set up a TradingView Alert
How to get alerts sent to your phone or email or screen
How to check TradingView News to see what catalyst might have caused the alert
How to use TradingView Text Notes
Hope the video was useful.
Candlestick Chart Part 2 : ReversalsHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
Today's video will be about the Candlestick Chart : Reversal Patterns.
So lets start by talking about the different types of Patterns :
Bullish Reversal Patterns
Bearish Reversal Patterns
And they are divided into 3 groups :
Weak Patterns
Reliable Patterns
Strong Patterns
We Start with the Weak Reversals :
1) Dragonfly Pattern :
A dragonfly doji candlestick is a candlestick pattern with the open, close, and high prices of an asset at the same level. A dragonfly doji pattern does not appear constantly. It is used as a technical indicator that signals a potential reversal of the asset’s price.
2) Hammer & Hanging Man Patterns :
The Hammer is a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom.
When the price is falling, hammers signal that the bottom is near and the price will start rising again.
The long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the open.
The Hanging Man is a bearish reversal pattern that can also mark a top or strong resistance level.
When the price is rising, the formation of a Hanging Man indicates that sellers are beginning to outnumber buyers.
The long lower shadow shows that sellers pushed prices lower during the session.
Buyers were able to push the price back up some but only near the open.
3) Inverted Hammer & Shooting Star Patterns :
The Inverted Hammer occurs when the price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher.
However, sellers saw what the buyers were doing, said "No!" and attempted to push the price back down.
The Shooting Star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when the price has been rising.
Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.
4) Dark Cloud Pattern :
A 2-candle pattern. The first candle is bullish and has a long body. The second candlestick should open significantly above the first one’s closing level and close below 50% of the first candlestick’s body. The sell signal is moderately strong.
5) Piercing Pattern :
A 2-candle pattern. The first candlestick is long and bearish. The second candlestick opens with a gap down, below the closing level of the first one. It’s a big bullish candlestick, which closes above the 50% of the first candle’s body. Both bodies should be long enough.
6) Upside Gap Three Method :
The upside gap three methods candlestick pattern is a bearish continuation pattern that only occurs during an uptrend. It consists of three candles. The first two candles are long and white in the direction of the prevailing trend. The second black candle creates an upside gap. The third candle fills the gap between the first and the second candle.
7) Downside Gap Three Method :
The downside gap three methods candlestick pattern appears during a downtrend and consists of three candles. The first two candles have a gap down between them while the third candle covers the gap between the first two. The gap between the first two candles simply gets filled.
8) Bearish Harami Pattern :
A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color.
9) Bullish Herami Pattern :
A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color.
Now Lets Talk about the Reliable Reversals :
1) Bullish Engulfing Pattern :
A 2-candle pattern appears at the end of the downtrend. The first candlestick is bearish. The second candle should open below the low of the first candlestick low and close above its high.
2) Bearish Engulfing Pattern :
A 2-candle pattern. The first candlestick is bullish. The second candlestick is bearish and should open above the first candlestick’s high and close below its low.
3) Tower Top Pattern :
The tower top is a reversal pattern that occurs at high price levels. Typically one or more long bullish candlesticks are followed by a few smaller real body candlesticks and then the pattern is completed with one or more large bearish candlesticks.
4) Tower Bottom Pattern :
The tower bottom is a reversal pattern that occurs at low price levels. There is one or more long bearish candlesticks followed by a few smaller body candlesticks and then concluded with one or more large bullish candlesticks.
5) Bullish Abandoned Baby Pattern :
The bullish abandoned baby is a pattern that appears at the end of a downtrend and signals reversal to an uptrend. Simply put, it signals an end of the selling pressure of the bears and return of the bulls in the market.
This pattern consists of three candlesticks: the first candle has a black (or red) big body, the second is a small and bearish candle – or a Doji, and the third is white (or green) candle.
6) Bearish Abandoned Baby Pattern :
The bearish abandoned baby is a reversal pattern that forms during an uptrend. It is characterized by three candles, where the first candle is long bodied and white/green.
The second candle is a Doji that gaps above the close of the first bar in the series. The third candle opens below the close of the second bar and is long bodied and black/red.
7) Dumpling Top Pattern :
A dumpling top occurs when small real body candlesticks slowly rise and then move in a neutral to downward direction. The dumpling top pattern is complete when there is a bearish candlestick that gaps down from the other candlesticks.
8) Fry Pan Bottom Pattern :
The opposite of the dumpling top is the fry pan bottom pattern. The fry pan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The fry pan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks.
9) Bullish Belt Hold Pattern :
A bullish belt hold shows up in downtrends. The pattern can be recognized by one long, full-bodied candlestick that is bullish and opens at a new recent low. The bullish belt hold candle is expected to have a flat or nearly flat bottom. The top has a small shadow, relative to the length of the body.
10) Bearish Belt Hold Pattern :
The bearish belt hold is the complete opposite and it comes up in uptrends. To detect it, look for a long full-bodied, bearish candlestick that stands out at the top of an uptrend because it will get to a new recent high and it should be noticeably longer than the other candles.
11) Tweezer Top Pattern :
The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick.
Both the tweezer candlestick make almost or the same high.
12) Tweezers Bottom Pattern :
The Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend.
It consists of two candlesticks, the first one being bearish and the second one being bullish candlestick.
Both the candlesticks make almost or the same low.
And Last but not least The Strong Reversal Patterns :
1) Three White Soldiers Pattern :
A 3-candle pattern. There’s a series of 3 bullish candles with long bodies. Each candle should open within the previous body, better above its middle. Each candle closes at a new high, near its maximum. The reliability of this pattern is very high, but still, a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.
2) Three Black Crows Pattern :
A 3-candlestick pattern. There’s a series of 3 bearish candles with long bodies. Each candle opens within the body of the previous one, better below its middle. Each candle closes at a new low, near its minimum. The reliability of this pattern is very high, but still, a confirmation in the form of a bearish candlestick with a lower close or a gap-down is suggested.
3) Morning Star Pattern :
A 3-candle pattern. After a long bearish candle, there’s a bearish gap down. The bears are in control, but they don’t achieve much. The second candle is quite small and its color is not important, although it’s better if it’s bullish. The third bullish candle opens with a gap up and fills the previous bearish gap. This candle is often longer than the first one.
4) Evening Star Pattern :
A 3-candle pattern. After a long bullish candlestick, there’s a bullish gap up. The bulls are in control, but they don’t achieve much. The second candlestick is quite small and its color is not important. The third bearish candle opens with a gap down and fills the previous bullish gap. This candle is often longer than the first one.
5) Bullish Three Line Strike Pattern :
A bullish three-line strike is made up of four candles. Of these, the first three are bullish, while the last is bearish. It is made up of three strong bullish candles that progressively end higher followed by a final strike candle. The strike candlestick is bearish and begins at or higher than the third candle but closes at least lower than the open of the first candle.
6) Bearish Three Line Strike Pattern :
A bearish three-line strike is a four candle continuation pattern that comes up in a bearish trend. The first three candles are bearish, while the last candle is positive and ends above the highest close of the previous three candles.
I Do wanna mention General Reversal Patterns :
Three Mountains is the same as Triple Top Pattern
Three Rivers is the same as Inverted Triple Top Pattern
Buddha Top is the same as Head and Shoulders Pattern
Inverted Buddha is the Same as Inverted Head and Shoulders Pattern
I hope that I was able to help you understand Reversal Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask.
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 links will be bellow
Tutorial | How To "Roll" Stock Futures Contracts (When & Why)Futures contracts are derivatives with expiration dates like options. The stock indices expire quarterly on the last month of each quarter. In this tutorial, I show how to roll forward or rollover and easily add the new front month contract to a watchlist.
How to use the Tick and Price Action Indicator for NQ 5 minuteHow to use the Tick and Price Action Indicator in concert with Value Area for NQ 5 minute
1) Identify the fibonacci extensions based on previous day value area
2) Activate developing VA for the current day
3) Apply the Tick and Price Action Indicator and follow the arrows and colours
4) Enter only if NQ is trading outside of the current day Value Area (see your developing VA for this as outlined in step 2)
5) Use the fibonaccis in step 1 for support/resistance
How To Use Sparks To Kickstart Your ResearchThis video was created by our team to introduce you to the new Sparks tool. Sparks are curated lists to help kickstart your research process. You can find lists of symbols related to specific topics like outer space, alt coins, and a lot more.
Markets are sometimes driven by themes, trends, and narratives. Within those themes and trends are lists of symbols that are working to change something or build a better future. With the right research tools, investors and traders can find opportunities and capture enormous growth. But it all starts with a diligent research process and Sparks were created to help all investors and traders get started. That's key, getting started.
All it takes is a spark to light a fire, to find the next best investment or trade.
For example, here are some Sparks that may interest you:
1. Self-Driving Car Companies www.tradingview.com
2. Environmentally Friendly Stocks
3. Proof of Work Cryptocurrencies
4. Proof of Stake Cryptocurrencies
5. WallStreetBets Stocks
And these are only a few examples.
Our team is looking build even more Sparks in the future. Our goal is to help all investors and traders learn more about markets. If you have any questions or comments, please write them below. You can also request specific Sparks in the comments below.
Thanks for watching the video and following along!
- Team TradingView
Trade Review: How I Traded $PINS, $ZM, $CRWD, $UNH, $SPCE W/ EntIn this video I will reviewing trades I took on September 2-3, 2021 going full in depth explaining how I traded : $PINS, $ZM, $CRWD, $UNH, $SPCE showing you guys my entries how I put it together with other confluences such as support and resistance. Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Inside Bars, Channels , Emma's, Opening Range Breakout and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
Candlestick Charts Part 1 Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
A lot of people wanna start trading but they don't know where to start, So i decided to create a series of videos to help new traders understand the Market, Charts, and Patterns.
Today's video will be about the Candlestick Chart and it's going to be Part 1 out of 3
Part 1 will be about the theory and structure of the Candlesticks and the different types of Candles.
Part 2 will be about Candlesticks Reversal Patterns.
Part 3 will be about Candlesticks Continuation Patterns.
So let's start with talking about the candlestick chart in general:
In the 1700s, a Japanese man named Homma discovered that, while there was a link between price and the supply and demand of rice, the markets were strongly influenced by the emotions of traders.
Candlesticks show that emotion by visually representing the size of price moves with different colors. Traders use candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price.
There are 3 different types of Candles :
Bullish Candle
Bearish Candle
Doji
1) Bullish Candle
A Bullish candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body." Bullish means that the market is going up.
This real body represents the price range between the open and close of that day.
The Shadow or wick or tail represent the high and low of the market.
2) Bearish Candle
A Bearish candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body." Bearish means that the market is going down.
This real body represents the price range between the open and close of that day.
The Shadow or wick or tail represent the high and low of the market.
3) Doji
The Doji has 5 Different types :
Standard Doji
A Standard Doji is a single candlestick that does not signify much on its own. To understand what this candlestick means, traders observe the prior price action building up to the Doji.
Trades based on Doji candlestick patterns need to be taken into context. For example, a Standard Doji within an uptrend may prove to form part of a continuation of the existing uptrend. But it could be a reversal of an uptrend which shows the importance of confirmation post the occurrence of the Doji.
Long-legged Doji
The Long-Legged Doji simply has a greater extension of the vertical lines above and below the horizontal line. This indicates that during the timeframe of the candle price action dramatically moved up and down but closed at virtually the same level that it opened. This shows the indecision between the buyers and the sellers.
Dragonfly Doji
The Dragonfly Doji can appear at either the top of an uptrend or the bottom of a downtrend and signals the potential for a change in direction. There is no line above the horizontal bar which creates a ‘T’ shape and signifies that prices did not move above the opening price. A very extended lower wick on this Doji at the bottom of a bearish move is a very bullish signal.
Gravestone Doji
The Gravestone Doji is the opposite of the Dragonfly Doji. It appears when price action opens and closes at the lower end of the trading range. After the candle open, buyers were able to push the price up but by the close they were not able to sustain the bullish momentum. At the top of a move to the upside, this is a bearish signal.
4 Price Doji
The 4 Price Doji is simply a horizontal line with no vertical line above or below the horizontal. This Doji pattern signifies the ultimate in indecision since the high, low, open and close (all four prices represented) by the candle are the same. The 4 Price Doji is a unique pattern signifying once again indecision or an extremely quiet market.
I hope that I was able to help you understand The basics of The Candlestick Chart and if you have any more questions don't hesitate to ask.
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands and The Different Types Of Trading Strategies links will be bellow
How To Spot and Use Liquidity Zones In Your TradingIn this video we show how you can easily spot where liquidity is on a chart and how to use this information to profit from in your own trading
Of course for a successful trading strategy, this is only a small part of the puzzle and you will need to add many more aspects of analysis.
Please LIKE, SHARE & COMMENT on this video to show your support.
Let me know if you have any questions below!
How To Share Your Watchlists (Video Walkthrough)We know how important your Watchlist is.
Your Watchlist is where you organize all of your favorite symbols, follow them, and plan ahead. It's also where you track your investments and trade ideas.
Our new Advanced View tool makes it possible to share your Watchlists. We believe this is an important next step in Watchlist technology. You can now share your favorite Watchlists with friends, family, and across the Internet either on your blog or social media profile. You can collaborate with groups to make a perfect watchlist, sharing the link and making edits as needed.
Create, share, and learn. Get feedback from others and do the research before you make the trade. Our new Watchlist tools can help everyone share and collaborate around markets.
Here are links to the two Watchlists we talked about in this video. You can copy this Watchlists, edit them, and add them to your profile:
1. Up-And-Coming Cryptocurrencies
2. Space Stocks
The first step to getting started is opening your Watchlist, then clicking the three circles at the top right ••• and selecting Advanced View. From there, you can toggle your Watchlist to be shareable, copying the link and sharing it as needed. You will also see a symbol distribution showing the breakdown of the Watchlist you're looking at. We explain all of this in the video! Make sure you watch it.
Please let us know if you have any questions, comments or feedback. You can share them in the comments below.
Thank you for watching,
Team TradingView
How to use trendline to identify price action structure/patternHi everyone:
Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail.
First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance.
What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in.
Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows.
Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure.
Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch.
Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example.
Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action.
After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ?
Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse.
Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below.
Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey.
Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage.
Any questions, comments or feedback welcome to let me know :)
Thank you
Below are all my price action structures/patterns videos on different type of corrections.
Continuation and Reversal Correction
Identify a correction for the next impulse move in price action analysis
Impulse VS Correction
Multi-time frame analysis
Continuation Bull/Bear Flag
Parallel Channel (Horizontal, Ascending, Descending)
Reversal Ascending/Descending Channel
Reversal Rising/Falling Wedge
Reversal Double Top/Bottom
Reversal Head & Shoulder Pattern
Reversal “M” and “W” style pattern
Reversal Impulse Price Action
Continuation/Reversal Expanding Structure/Pattern
Trade Review: How I Traded $NFLX, $BBIG, $ TSM, $WISH,+ LOTTO FRIn this video I will reviewing trades I took on August 27, 2021 going full in depth explaining how I traded $NFLX, $BBIG, $ TSM, $WISH Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!