How to use Trading View - Part 2 - Drawings and AlertsHow to use Trading View - Part 2 - Drawings and Alerts
Remember to assign different colours to different Time Frames as we saw in the last video. www.youtube.com
Also, you can be a bit innovative and use the Trend lines to create alerts not just for the price but time as well.
Beyond Technical Analysis
How to use Trading View - Part 1 - Trend Lines and Time FramesHow to use Trading View - Part 1 - Trend Lines and Time Frames
Use these different tools to make the most of your trading View account.
Make sure to differentiate your time frames so that your charts are decluttered and you have a very clean chart handy always.
Avoid drawing too many lines and drawings at irrelevant time frames.
Keep it Simple,
Keep it Consistent,
Keep it Clean.
TOP 10 BEST TRADINGVIEW INDICATORS FOR 2025In this video, I show you all how I use some of my favorite TradingView indicators for my trading & investing strategies & explain how these can be the most powerful tools in your arsenal if you are a trader or investor!
My Top 10 TradingView Indicators are also Below:
1. CM_Ultimate RSI Multi Time Frame by ChrisMoody
2. Death Cross - 200 MA / 50 Cross Checker by MexPayne
3. Gaps
4. Indicator: WaveTrend Oscillator by LazyBear
5. Moving Average Convergence Divergence (MACD)
6. Pi Cycle Bottom Indicator by Doncic
7. RCI3lines by gero
8. Stochastic RSI
9. TDI - Traders Dynamic Index by JuanManuelOrtiz
10. True Strength Index
Consistency in DNA #18R
I have to collect my data. I have to make sure that my statistics, metrics and details are collected day in and day out every single time of the day about my trading. Basically I have to be trading. I'm trading. Trading is my identity. My whole freedom depends on it to escape the slavery.
~AS Malone
Consistency in DNA #16NY OPEN
When we choose our asset, we have to base that decision on the session we want to trade. I am in love with NY session, and precisely NY open with my Big Three - OANDA:XAUUSD OANDA:NAS100USD OANDA:US30USD . I just gave you the keys. Are you really still scared to drive?
~AS Malone
Consistency in DNA #12STRATEGY
In trading we have this beautiful opportunity to choose our own strategy. We are basically our own boss and that comes with responsibilities of a successful person. I truly believe that only if we change ourselves with the process of trading, we're going to be able to make big bucks.
~ AS Malone
Consistency in DNA #10TOOLS
There's a lot of systems and processes we need to follow as traders. We need to get really through this learning curve and become the best versions of our selves during this journey. This is a path of constant development and waking up everyday with a purpose. When you have your dream and manifest it, you're basically finally feel alive...
~AS Malone
Consistency in DNA #7ONLY THE GAME CAN TEACH YOU THE GAME
You have to go through this learning curve to learn everything thats along the way, but with some time you start to realise that you have to unlearn a lot of things that you have learnt, because there's a lot of wrong advice on the internet. You have to go through this internet and learn on your own skin what is right and wrong, and then find your own best way of trading that suits you best. When youre gonna watch something about trading, some educational - remember to keep open heart and listen to inner voice who is maybe telling you that what youre watching is b*ll sh*t.
~ AS Malone
Consistency in DNA #4Not every day is trading day - BIG THREE
When we start this journey to become successful trader, he hear a lot of b*ll sh*t. People are selling courses, signals or mentorships trying to make money off of you. I think there are very little people that are actually real and honest, and just wanna help you. I'm one of the resistance side after getting to know my mentor SCI - from IG tradesbysci - who changed my trading career and I decided to continue his legacy. Maybe some day I will get to do party with him thanks to this XD
Die rich or die trying - OANDA:XAUUSD OANDA:NAS100USD OANDA:US30USD
~AS
EDUCATION: Simplified Candlestick Psychology (Part 2)In the world of trading, candlesticks are more than just visual representations of price movements—they're windows into the psychology of the market. Every candlestick tells a story, and if you can learn to read it properly, you can understand the underlying emotions of buyers and sellers. Think of it like reading a book, where every candle is a chapter that contributes to the bigger narrative.
In the previous video, we went over the anatomy of a candlestick and this time we dive into the psychology behind the Open, High, Low, and Close (OHLC) values on the chart. This way, you can read the market like you would a good book—predicting what might happen next based on what you've already learned.
Anatomy of a Candlestick
Before we dig into the psychology, let’s first look at the anatomy of a candlestick. A standard candlestick consists of four key components: the Open, High, Low, and Close (OHLC). These are the foundation for interpreting market sentiment.
Open: This is where the price started during that specific time period.
Close: This is where the price ended at the close of that period.
High: This is the highest point the price reached during that time frame.
Low: This is the lowest point the price reached.
The body of the candle is the difference between the Open and Close. The wicks (or shadows) represent the range from the Low to the High. The bigger the body, the stronger the move in that direction. The longer the wicks, the more indecision and struggle between buyers and sellers.
The Psychology Behind the OHLC
Now, let’s break down the psychology behind each component of a candlestick. Every candle is a snapshot of the market’s emotion, so understanding the story behind each piece can help you predict future moves.
The Open: The Open represents the first battle of the trading session. It shows where the price starts, and it often sets the tone for the rest of the candle. If the market opens higher than the previous candle’s close, it suggests bullish sentiment, while opening lower indicates a bearish sentiment. But don't just focus on the open; its relationship with the close is just as important.
The Close: The Close is where the real battle is won or lost. It’s the final decision of the market—did the buyers or sellers win the battle? A close near the high of the candle suggests strong bullish sentiment, while a close near the low indicates bearish sentiment. A close near the open suggests indecision or equilibrium in the market. Traders often view the close as the most important part of a candlestick because it shows the prevailing market sentiment.
The High and Low: These two points tell us about the price extremes during the trading period. A long upper wick suggests that the bulls tried to push the price higher but were met with strong selling pressure. A long lower wick shows that the bears pushed the price lower, but the buyers fought back to reclaim some of the losses. A candle with small wicks indicates that the market didn’t have much fluctuation, and the momentum was steady in one direction.
The Body: The body of the candlestick is the most visual part, showing the range between the Open and Close. A large body indicates strong momentum and confidence in one direction. A small body, on the other hand, indicates indecision, where neither side has been able to dominate the market.
Putting it All Together
Now that we understand the anatomy and psychology behind the OHLC, it’s time to combine the elements and read the story.
For example:
Bullish Candlestick: If a candlestick has a long body with a close near the high and short wicks, it indicates that buyers were in control, and they finished strong.
Bearish Candlestick: Conversely, a candlestick with a long body, close near the low, and short wicks shows that sellers were in control.
Indecision: A candle with a small body and long wicks on both sides indicates indecision or a battle between buyers and sellers. The market isn’t sure where it wants to go yet.
Candlesticks, when grouped together, create patterns that help us predict future price movements. For instance, a series of bullish candles could indicate strong upward momentum, while a few indecisive candles in a row might suggest a potential reversal or consolidation.
Practical Takeaways
Watch the Close: The close is your primary indicator of sentiment. A close at or near the high (for bullish candles) or low (for bearish candles) can give you confidence in a trade.
Long Wicks Mean Rejection: Wicks can show where the price was rejected, which helps identify areas of support and resistance.
Don't Ignore Small Bodies: Small bodies with long wicks are signals of indecision. Don’t be too eager to jump into trades after such candles without further confirmation.
Reading candles like a book isn’t just about recognizing patterns—it's about understanding the market's emotions and sentiment. Every candlestick is a snapshot of the battle between buyers and sellers, and by learning to read these battles, you can understand the market's story and predict what might happen next. How do you use candlesticks in your trading? Are there certain patterns or setups that you rely on? Share your thoughts below—I’d love to hear how you read the story in the charts!
EDUCATION: Simplified Candlestick Psychology (Part 1)As traders, understanding candlestick patterns is fundamental to decoding market behavior. But beyond the pattern itself, there’s a deeper story being told with every candle. Just like words form a story in a book, the Open, High, Low, and Close (OHLC) of a candlestick reveals the psychological battle between buyers and sellers at a given moment in time. In this video, we’re going to break down how to read candles like a book and uncover the psychology behind each price action move.
The Anatomy of a Candlestick
Before we dive into the psychology of candles, let's refresh on the basic anatomy of a candlestick:
Open (O): The opening price of the candle, where the price starts within the time period.
High (H): The highest price reached during the candle’s time frame.
Low (L): The lowest price reached during the candle’s time frame.
Close (C): The final price when the candle closes at the end of its time frame.
Each candlestick provides valuable information about the price action during that specific time period. But what’s even more important is the psychological narrative it tells.
The Psychology Behind the OHLC
Understanding the psychology behind the Open, High, Low, and Close will give you insight into the market’s behavior and sentiment. Here’s a breakdown of what each component reveals:
The Open (O): The start of the battle. The opening price represents the market's starting point. Buyers and sellers have already made their decisions before the candle even begins, and the open shows where the price begins to unfold. If the open is near the low of the day, it indicates a bearish sentiment, while an open near the high could show bullish strength.
The High (H): The peak of the conflict. The high of the candle represents the furthest point reached by either the bulls or the bears. When the price reaches a new high, it signifies that the buyers are in control and pushing the price up. Conversely, if the high is lower than the previous candle's high, it suggests that sellers are starting to assert their influence.
The Low (L): The valley of indecision. The low of the candle is where the price falls before either the bulls or bears regroup. A low that is lower than the previous low indicates that the sellers are pushing the price downward. A higher low, on the other hand, suggests that the bulls are holding the line and potentially setting up for a rebound.
The Close (C): The conclusion of the battle. The close is the most important price point of the candlestick, as it represents where the battle between buyers and sellers has ended. The relationship between the open and close tells you who won the fight. If the close is higher than the open, buyers have won the battle. If the close is lower than the open, sellers have gained control.
Reading Candles Like a Book
When you look at a candlestick, think of it like reading a short sentence in a book. Each candle tells a small part of the market’s ongoing story, and together they form the narrative of price movement. Here's how to read the story:
Bullish Candles (Close > Open): When a candle closes higher than it opened, it tells the story of a market that was dominated by buyers. The longer the body, the stronger the buying pressure. A large body with a small wick suggests buyers were in full control with little resistance.
Bearish Candles (Close < Open): When the candle closes lower than it opened, it represents a market where sellers took charge. A long red body with little wick indicates a strong bearish move. A bearish candle with long wicks shows that although sellers were in control, there was some pushback.
Doji Candles: A doji occurs when the open and close are almost identical, signaling indecision or equilibrium between buyers and sellers. Doji candles are like a “question mark” in the story, telling us that the market is uncertain about which direction it will take next.
Engulfing Candles: An engulfing pattern, whether bullish or bearish, tells the story of a shift in momentum. If a candle completely engulfs the previous candle’s body, it signifies a strong change in sentiment—either a bullish or bearish reversal.
Putting it All Together: Candlestick Psychology in Action
Understanding the OHLC components is the first step, but it’s how these elements come together that really gives you the full psychological picture. A candlestick is like a snapshot of a battle. The open is where it starts, the high and low represent the range of movement during the battle, and the close is where the conflict resolves.
When you read candles in sequence, you begin to see the ongoing tug-of-war between buyers and sellers. The story unfolds slowly, and the more you practice, the better you become at predicting the next chapter. Let me know your thoughts below!
HOW TO GET RICH PREDICTING BITCOINS BULL RUN & CRASH! TUTORIALCOINBASE:BTCUSD NASDAQ:IBIT AMEX:BITX
HOW TO GET RICH PREDICTING BITCOINS BULL RUNS & CRASHES! TUTORIAL
In this must-watch tutorial, I'll reveal the secrets to predicting Bitcoin's rise and fall with stunning accuracy. Join me as I walk you through four distinct indicators that you can use to jump into Bitcoin before massive runups and dodge huge crashes. Whether you're a seasoned trader or a crypto newbie, these insights will transform how you approach the market. Don't miss out on this exclusive analysis that could change your financial future!
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