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How I identify the best forex pairs to trade:Here is how I identify the best forex pairs to trade: In the top left panel, the indicator 'Compare Forex' displays the PERFORMANCE of each major currency. The USD (red line) has been the strongest currency for the past 2 months on H6 charts. By identifying the strongest currency, all that remains is to trade the USD against all the other currencies since they are weaker. = Smooth stress-free charts. I look at my trades 2-3 times a day to see if they are still blue or red. Takes a few minutes.
Editors' picks
Education
by ascension
9
SOL = ETH's Killer - If this isn't obvious, I don't know what isHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. The picture speaks for itself, doesn’t it? 1️⃣While SOL has held strong within the ascending triangle shown in red, ETH has already broken below its $2,800 support level. 2️⃣Moreover, since the beginning of 2024, SOL has surged by over 100%, while ETH has risen only 17%. Imagine how aggressively SOL could push during the upcoming bull run.📈 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
17
Dance of DOT and KSM: Unveiling the Symbiotic Symphony of GrowtIn the vibrant realm of blockchain ecosystems, Polkadot (DOT) and Kusama (KSM) take center stage, showcasing a fascinating symbiotic relationship. While their charts may dance to similar tunes, the nuances reveal DOT's resilience and strength, outshining KSM in both resilience during downturns and vigor in uptrends. Chart Analysis: The Symbiotic Symphony Unraveled Synchronized Patterns: DOT and KSM, being integral parts of the Polkadot ecosystem, exhibit synchronized chart patterns. Both coins share similarities, yet the intricacies of their individual performances unveil a unique narrative. DOT's Resilience: During market downturns, DOT has showcased remarkable resilience, holding steadfast above critical support levels. The global uptrend support maintained by DOT contributed to its ability to weather storms more effectively than KSM. Comparative Strength: Decoding the Chart Dynamics Global Uptrend Support: DOT's ability to maintain a robust global uptrend support has been a key factor in its relative strength. KSM, in contrast, experienced deeper retracements, testing lower support levels during market corrections. Impact on Growth Trajectory: The sustained global uptrend support for DOT has influenced its growth trajectory positively. DOT's consistent strength has resulted in a notable lead, with a 20-30% advantage in growth compared to KSM. Strategic Considerations: Navigating the DOT-KSM Symbiosis Investment Strategies: Investors may consider the relative strength of DOT as a factor in their investment decisions. DOT's resilience during market fluctuations suggests potential for sustained growth compared to KSM. Risk Management: Traders and investors could employ strategic risk management, factoring in the divergent resilience of DOT and KSM during market volatility. Understanding the individual dynamics of each coin enhances risk assessment. Conclusion: DOT's Resonant Strength in the Symbiotic Harmony In the intricate dance between DOT and KSM, Polkadot emerges as the resounding leader, demonstrating resilience and strength. The synchronized patterns of these ecosystem companions tell a tale of interconnected growth, with DOT leading the way, offering a distinct advantage in both stability and upward momentum. 🌐 Synchronized Patterns | 🌟 DOT's Resilience vs. KSM | 📈 Impact on Growth Trajectory ❗See related ideas below❗ Share your insights on the DOT-KSM symbiosis and engage in discussions about the strategic considerations for navigating this dynamic relationship. 💚🌐💚
by Yaroslav_Krasko
2
What Traders and Boxers Have in Common 📊🥊 Hello TradingView Family, I've been doing some thinking lately about trading and how it surprisingly shares quite a few parallels with the sport of boxing. It might sound a bit unconventional, but bear with me - there's more to it than meets the eye. 🥋 Strategy is Key: In both trading and boxing, success is heavily dependent on strategy. Boxers carefully plan their moves, anticipating their opponent's actions, and traders meticulously analyze the market, foreseeing trends and patterns. It's all about staying one step ahead. 🥊 Discipline Matters: Just like a boxer adheres to a strict training regimen, successful traders maintain discipline in their approach. Emotional control, adherence to a trading plan, and the ability to stick to a strategy even when the going gets tough are crucial. 🛡 Risk Management: Boxers can't afford to leave themselves exposed to too many punches, and traders can't afford to expose their entire capital to a single trade. Both require calculated risk management to survive and thrive in their respective arenas. 🔄 Adaptability: No boxing match goes exactly as planned, and the market is just as unpredictable. The ability to adapt to changing circumstances, whether it's a shift in the opponent's strategy or a sudden market twist, is a shared trait. 🥅 Resilience in the Face of Loss: Both traders and boxers experience losses. It's not about avoiding them altogether but about how you bounce back. Resilience, the ability to learn from mistakes, and the determination to get back in the game are keys to long-term success. 🔄 Continuous Improvement: Just as boxers are always refining their techniques, traders are constantly honing their skills. Learning from experiences, staying updated on market trends, and seeking out new strategies are essential for growth. 🧠 Mental Toughness: Boxing requires mental fortitude to withstand the physical and psychological challenges. Similarly, trading demands a strong mindset to navigate the ups and downs without succumbing to panic or overconfidence. So, what do you think? I find these connections fascinating, and it makes me appreciate both the art of trading and the sport of boxing in a new light. 🌟 Let me know your thoughts! Cheers! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Education
by TheSignalyst
16
What Traders and Chefs Have in Common 📊👨‍🍳As we start the last month of 2023, which includes many holidays involving cooking and eating, I would like to reflect on how this journey has been much like mastering the art of a seasoned chef in the kitchen. ⏱ Timing is Everything: A chef knows that perfect timing can turn a good meal into an extraordinary one. Similarly, in trading, being at the right place at the right time, seizing opportunities, and executing trades with precision can make all the difference. 🌐 Global Flavors: Trading, like cooking, allows us to savor the diverse flavors of the global market. Exploring different markets and adapting to their unique characteristics is akin to a chef experimenting with various cuisines to create a signature dish. 💡 Innovation and Adaptation: Just as a chef experiments with new ingredients and techniques, successful traders innovate and adapt to changing market conditions. Staying ahead of the curve requires constant learning and the ability to pivot when necessary. 📊 Balancing Act: A chef expertly balances flavors to create a harmonious dish. In trading, finding the right balance between risk and reward is crucial. It's about managing the portfolio like a carefully crafted menu, ensuring diversity, and minimizing potential pitfalls. ⚖️ Consistency is Key: Like the consistent quality expected from a chef's creations, trading success often hinges on a consistent approach. Whether it's sticking to a well-defined strategy or maintaining discipline during market fluctuations, consistency is the backbone of lasting success. 👨‍🍳 Continuous Improvement: A chef's journey is one of continuous improvement, refining techniques and expanding culinary skills. Similarly, in trading, our commitment to learning, evolving strategies, and honing our skills is a never-ending process. 📜 Follow the Recipe: Just as a chef follows a carefully crafted recipe, in trading, having a well-defined plan is essential. A recipe guides a chef through the cooking process, just as a trading plan provides a roadmap for navigating the complexities of the market. 🥂Here's to another year of savoring the highs, navigating the challenges, and crafting a trading experience that's as delightful and rewarding as a perfectly crafted meal. Cheers to the journey ahead! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Education
by TheSignalyst
40
Junior Gold Miners compared to the price of gold. Fundamentally Gold should be trending higher. Or maybe a better way of saying it is fiat is trending lower compared to Gold due to its misuse. NEVER underestimate how much gold can move when real fear kicks in. This chart says there is a bit more downside left in the juniors before it bottoms out. In my opinion, nibbling now and backing up the truck when we test the ark in a few months would be the best choice. Many see the gold bull market lasting until 2028-2030. This arc just so happens to paint a picture of the juniors miners out performing gold until just such a time. Just one more piece of evidence for the pile. also it is a great leveraged trade on gold itself!
AMEX:GDXJLong
by Nexusfurian
Learning the TradingView Platform: Exploring the Top Panel Pt.1In this video we will explore: Symbol Search Time Interval Bar's Style Compare or Add Symbol If you would like to learn more about these items, check out the great material we have in the help center. 📚 🤔 📚 Spread Charts www.tradingview.com Time Interval www.tradingview.com Compare Tool www.tradingview.com Did you learn about anything that you may use from now on? Let us know in the comments below 👇 👇
Editors' picks
NASDAQ:QQQEducation
by TradingView
18
LTC | Showing strong support and healthy correlationThere's a lot going on in this chart and we'll break it down and end with a summary. LTC showed strong support in the $130 range and broke out past the $150 resistance line leading to the recent peak of ~$240. We experienced a healthy pull back testing the $150 to $200 range where $150 has become support and $200 as resistance. Looking at the short term, we can see that we've entered a downtrend channel creating some consolidation causing sideways trading. In the long term, we're entering a symmetrical wedge. With psychological support at ~$120 and psychological resistance at ~$250 and momentum receding, this looks like a decent accumulation area as long as support holds and we stay within the wedge eventually breaking out to the upside turning the upper side of wedge into support. If there is a breakdown, strong psychological support should play out around the ~$100 support area. Correlation with BTC is steady and LTC seems to continue to following BTC longer term movements while reacting to short term plays exaggerating the LTC chart a bit when compared. Overall, I'm feeling very bullish on LTC and more than happy to continue accumulating seeing as its not a much desired crypto to own while still remaining relatively popular and well supported while maintaining stability and lower fees over its competitors.
KRAKEN:LTCUSDLong
by fiatdaemon
TradingView Comparing Mastery TutorialAs a trader, being able to effeciently compare the performance of multiple securities is an important skill. In this TradingView tutorial I will compare a stock with its main index to find out about its correlation. You will learn: • How to compare multiple charts using TradingView • How to analyze and draw conclusions about the comparison of assets • A neat hack how to turn your compare symbol on/off using a keyboard shortcut Check out the video tutorial on YT: youtu.be
NASDAQ:AAPLEducation
by colicoid
2
Bitcoin monthly price chart compare correation with oil and DJIBITSTAMP:BTCUSD Bitcoin has never been correlated to nothing BTCUSD, 1M, price chart CC, USOIL, 20 CC, UKOIL, 20 CC, DJI, 20 When CC reaches 1, there is a perfect correlation. When CC reaches -1, there is a perfect negative correlation. When CC = 0, there is no correlation at all. Bitcoin has never been correlated perfectly, or perfectly negative with crude oil, bren oil nor Dow Jones. Bitcoin is doing is own path, despite the dreams of the hodlers, mooners and big brown bears. This tutorial is dedicated to Tradingview "experts".
BITSTAMP:BTCUSDEducation
by Nugacity_Fracedinous