Beyond Technical Analysis
Daily Primer: Break your limits 💥In todays daily primer we talk about limitations and cause and effect. This short 5 minute video will give you the necessary guidance as to what you need to focus on to achieve the success you seek in the markets.
Success in trading, just like in any other business, is a
cause and effect relationship:
Poor or average causes = poor or average results
good causes = good results
excellent causes = excellent results
If you want to achieve success, do the work!
(metal: have patience, discipline, resilience)
(work ethic: prepare your charts, know the news, prepare your plan)
Tutorial | How To Identify Potentially Strong Trend DaysI got smoked shorting the MNQ today. And it was avoidable.
The MNQ1! and the MES1! were flashing warning signs since the Sunday open to NOT fade the move. I stayed off the sell side for the opening 30 minute candle, but then got sucked in at a level. The entry was a violation of one of the Golden Rules of Range Trading - STAY AWAY from Outside Days!
In this video, I discuss how to identify Outside Days and look for Untested Prior Session POCs as signs that conditions are pointing to trending price action.
Most Powerful Formation in Technical Analysis Sideways Channel!Hey traders so in the last lesson we spoke about how the Head & Shoulders pattern is great for spotting tops and bottoms in the market. Today I want to introduce you to the most powerful formation in all of technical analysis called The Narrow Sideways Channel. This is every traders dream to learn how to catch the big moves and profits that make history in the markets. They don't happen very often but when they do the market can explode and we can catch the big move before it happens. If you ever see one of these on your charts get ready to strap in your seatbelt because it will be a wild ride!
Enjoy!
Trade Well,
Clifford
The Different Types Of Trading StrategiesHello everyone, as we all know the market action discounts everything :)
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In today’s video, we are going to be talking about The Different Types Of Trading Strategies, We are going to compare them to each other and look at their characteristics.
Characteristics include 1) Time Duration, Type of Chart, Trade Targets & Risks, Frequency of Trades, Entry and Exit Time.
There are 4 types of trading styles :
Most people fall in the first 3
1) Scalping
2) Day trading
3) Swing trading
4) Position trading (Refers to holding a certain position over a very long time frame like a number of years, I think this type of trade is more of an investment than trading but technically it's still trading so I had to mention it ).
So Let Us Start...
1) Scalping
Time Duration is between a few seconds and a number of minutes
The Analysis is done on 1,2 and 5 minutes charts
Small targets considering the very short trade duration
High frequency of trades because of the small risk on each trade
Scalpers need to know exactly when to enter and when to exit a trade because a small mistake can have a huge impact on the trade
2) Day trading
Time Duration from 15 min to a number of hours
The analysis is done on 30 min, 1 hour, and 4-hour charts
These trades have a larger target than Scalping
Day Traders have a lower trade frequency than scalpers and its usually between 2-10 trades per week
Day Traders doesn’t have to be so precise with entry and exits like in Scalping because being late for a trade on a daily basis won't have that much of an impact on the trade.
3) Swing trading
Time Duration typically last from a day to a couple of months
The Analysis is done daily, weekly & monthly charts
Because of the time frame, Targets usually are way larger than day trading or scalping
Low frequency in trades, Usually between 2-15 trades per month
Entry and exits here don’t have a big impact because the targets are so big
So now you ask yourself how do I know which type of trader am I?
And it comes down to 2 main factors :
Personality: You could be someone who likes to hold trades and profit big so swing trading is for you, Or you could be someone who doesn’t like to hold trades over a day period so scalping or day trading could be for you.
Lifestyle: So you may not have the time to always watch the market and how it's moving, so scalping and day trading are not for you, but for swing trading, u only have to check the market once a day so it's the better option for you.
Don’t feel like you need to decide what type of trader you are, you should try all of them and see for yourself what are you comfortable with after all there is no right answer.
I hope that I was able to help you understand The Different Types of Traders 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, and The Bollinger Bands, links will be bellow
Case Study #1 How to find Premium and DiscountHello Traders!
I wanted to be transparent and show how I got those two areas of interest, premium & discount.
There is no magic in the Fib retracment or extension tool.
Because price is sitting within the discounted portion of the price range does not mean click buy.
We need more than just this to frame a setup and take a trade.
I will go into further details as I rely more info on the case study.
🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us!
Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals!
This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are:
LIVE TO TRADE ANOTHER DAY:
- Use position sizing
- Have a definite exit area
- Prepare properly before starting to trade
- Review your trades daily or weekly (always seek improvement)
- Always follow your process & system
- Don't listen to others, find your own trades daily
- Cut your losers when the market tells you the trade is done, you
can always re-enter
We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel!
Happy Weekend Traders!
Day Trading ES with Simplicity! Initial Balance VWAP and LevelsHey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas of Supply and Demand, (where macro traders sit) you can get a great edge over time with your trading and build a ton of confidence. Check it out for yourself. I also use order flow to actual enter and manage my trade ideas but that is for another topic. Everyone take care out there.
Technical Analysis Vs Fundamental AnalysisTA Vs FA
Both Technical and Fundamental analysis seeks to evaluate an asset.
In my opinion, these 2 major analysis methods are similar more than you think!
FUNDAMENTAL ANALYSIS
The FA involves the financial analysis of an asset by focusing on the underlying factors that affect that asset.
The assumption behind fundamental analysis is that the market does not always value assets (shares commodities, crypto, etc) correctly in the short term. Fundamental analysers try to identify the intrinsic value of assets to buy at a discount or sell at a high.
They believe their investment will pay off over time once the market realises the fundamental value of an asset.
TECHNICAL ANALYSIS:
The technical analysis seeks to evaluate a company by:
Using historical price, and
Using Volume data
to assess where the price of a security or market will move in the future.
This means technical analysers are looking at past patterns and trends to see if they are repeatable in the future.
one of the most important items in TA is the trend which shows a continuation of the current situation.
WHY DO I THINK THESE 2 ARE VERY ALIKE?
As mentioned, Fundamental analysis tries to identify the true value of an asset. For example for a company share price, FA will look at the company's balance sheet, cash flow statement, earnings reports, etc.
The technical analysis considers that there is no need to do this hard work as a company’s fundamentals are already accounted for in the price, and the information is reflected in the company’s charts. So we need to look at charts and use indicators to find the best entry prices and the market will follow the trend.
Many times if a financial report surprises traders we will see a spike in the price and depending on the nature of that news and other reports price may change direction or continue the previous trend.
What forms bullish conditions? Here I spoke on how the phases of the market gives you a buying opportunity.
I spoke on what to look for when we get expansion, retracment, and where to
anticipate a buy to take place on a smart money level.
We must trade with the banks not against them.
Buying is primed at discounted prices not premium.
Hopefully you found this video insightful and give it a thumbs up.
Here at Forensic Forex we do it Better.
Tutorial | Lesson 4: Key Levels When Trading 24 Hour MarketsLet's look at some key levels to identify before each trading session, especially when trading around the clock markets like futures.
Before the cash session bell, what are the prices for the following levels?
Prior Session High/Low
Overnight High/Low
Developing Value Area High/Low
And then, at 8:30a ET, is price above or below the prior session high or low? Are we seeing an inside or outside day? Other levels worth consideration are prior sessions POC, High Volume Nodes (HVN) for possible areas of support or resistance, and price relative to our trend filter.
Trade Review: How I Scalped $DKNG, $NIO, $PYPL + Reviewing WatcIn this video I will reviewing trades I took on the first week of August 10, 2021 going full in depth explaining how I traded these tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Covered $DKNG, $NIO, $PYPL W/ huge FUMBLES!!! 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!
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The Safest Way to Short The Stock MarketIn this video we explain Inverse ETFs as a tool to gain short exposure to the stock market. These can be used as a tool to profit directly from market or as a hedge to protect your stock portfolio in times of market volatility.
Let us know your thoughts in the comments below! Have you ever invested using one of these ETFs?
Trade Review: How I Scalped $MARA+ Reviewing Stream Set ups!In this video I will reviewing trades I took on the first week of August 9, 2021 going full in depth explaining how I traded these tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Covered $MARA for a nice 10% scalp, then reviewing the set ups from Sundays Stream, then giving out some set ups for this week! 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!
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How I do my top down analysisHello everyone, I've been asked a few times on how do I do my Top-Down analysis, from HTFs to LTFs, and I've decided to make a video on it, trying to show the things I usually do. I hope you enjoy and take something away from it.
DISCLAIMER:
I am not a Financial Planner, nor a Financial Advicer, I am not FCA approved, I'm not approved by any institution that allows me to give financial nor investment advices, nothing mentioned in the video should be considered Investment Advice/Guidance. Everything showned/talked/explained, is for pure and only educational purposes. The risk is in your own hands.
How to Draw the Fibonacci Extensions based on Previous Day Value1. Load the previous day's data in full. Add volume profile; apply right-sided placement so that it is easier to draw out the fibs based on previous day
2. Draw out the Fibonacci Retracement/Extensions. Your Numbers are 0, 1, x.236 and x.618. In a market trading higher than the Previous Day Value Area, set the Value Area High as 1.00 and Value Area Low as 0.00. In markets trading lower, Value Area High is 0.00 and Value Area Low is 1.00.
3. In markets trading in both directions, draw it in both directions :-)
Trade Review: $RIOT & $SPCE 200%!! WITH 1000% FUMBLES ON $AMZN In this video I will reviewing trades I took on the first week of August 6, 2021 going full in depth explaining how I traded these tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Fumbled Huge Shorts but being consistent is KEY!!!!! 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!
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Learning the TradingView Platform: Exploring the Top Panel Pt.2In this video we will explore:
Indicators and Strategies
Fundamental metrics for stocks
Indicator Templates
If you would like to learn more about these items, check out the great material we have in the help center and on our blog. 📚 🤔 📚
Indicators
www.tradingview.com
Fundamentals
www.tradingview.com
www.tradingview.com
Indicator Templates
www.tradingview.com
Did you learn about anything new that you may use from now on?
Let us know in the comments below 👇 👇
Trade Review: How I been making consistent 80% returns W/ PROOF!In this video I will reviewing trades I took on the first week of August. going full in depth explaining how I traded these 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, 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!