Get started

Daytrade

Using the strategy tester to prove WTD performance!Use the strategy tester with our strategy to check the weekly performance, use it also as a trading journal - you simply need to follow it at least! We can see all of the trades for the week and the profit and loss. Strong gains this week with a 20% gain risking 1% per trade - even more on some 30 minute entries. A great week, catching big JPY moves in particular. and holding them! This is NOT just an indicator, its far more than that as you can hopefully see. These gains do not include the 300+ pip move on Gold or indices, etc. Regards Darren
Education
by pow_removetheguesswork
1
Weekly recap Part 1 - how to be more selective with our tradesWeekly recap, we got cut short at the end so watch out for Part 2! We are focusing on checking the below to remove moving forward some of the losing trades that weren't valid for last week; - Did the H4 break the ema cleanly for the new signal to be valid? As shown this was not the case on the GBP Buys for last week so they werent valid or probable. - Do the candles indicate trading volume, i.e. long bodied candles - or low volume small bodied candles (If so wait for the market to show it's hand) - Consider the market structure - is this is a pull back, could this be a false break of the ema on the H4 timeframe - if so wait for the next H4 candle to confirm, or wait for the pull back and retest on the H1 timeframe - When we have a consolidating price structure - consider the use of a buy stop or sell stop order to then catch the volatility in the direction of the signal - If the EMA is horiztonal and price stuck in range - wait for a new high or new low for the new trend to start - demonstrated in the video. I hope this helps our members take some more care into their entries - there are substantial opportunities weekly; we are afford to me a little more selective with checking the above. Regards Darren
Education
by pow_removetheguesswork
1
4H Support / Resistance with RSI Day Trading StrategyRSI = Blue, EMA of RSI = Red. RSI 14, EMA 45 Long Rules: 1) RSI > EMA RSI = look for long setups 2) Resistance is broken ( a new high ) 3) Price rejects (pulls away) from the previous resistance 4) RSI > EMA RSI >> 50 Short Rules: 1) RSI < EMA RSI = look for short setups 2) Support is broken ( a new low) 3) Price rejects (pulls away) from the previous support 4) RSI < EMA RSI << 50 I typically like to place a stop loss at the top of the closest resistance (if going short) and at the bottom of the closest support (if going long) and TP 1:1. Another method is to go for partial profit at the closest support/resistance and move the stop to breakeven to catch longer trades. 3/4 trade setups in the past month on AUDUSD FLAGS: *the setup on the 20th of March was a working short position, but the strategy is looking long. *the setup on the 31st of March was not validated as the RSI is not > EMA of RSI
Education
by tdyk98
The Advantages of Technical Analysis (Price Action)Technical Analysis (AKA Price Action) Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else. The Advantages of Technical Analysis (Price Action) No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them. No indicators . All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades. Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones." Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news. Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self. If you found this helpul please like! Feel free to comment or ask questions.
COINBASE:BTCUSDEducation
by tradersmentality
EURJPY Day Trade *LEARN TO DAY TRADE FX CURRENCIES*Here is another example of how to day trade FX currencies using a simple combination of Daily Pivot Points , 2x EMA's and the trendline tool on TradingView. The first entry is based on the bullish trendline being broken and a retested. A lower low was made with the break of the TL and therefore this retest was a new lower high signalling a trend reversal. Price also rejected the daily pivot level and the 15 minute 50EMA. Because this is a fresh trend reversal, the 200 and 50 EMA's were not aligned but that is quite often the case with this style of entry. Stop Loss is always placed 10 pips above the current high. Target 1 is always the daily S1 level. If price manages to break through here with some momentum then it is highly likely that it will reach the daily S2 or even S3 levels. If you hold the trade to these levels then your R:R ratio will be increased dramatically. The second trade opportunity came a day later. This entry is again based off of price rejecting the daily pivot level but it had done this 3 times in the same day so it is safe to assume that the Pivot level is acting as a strong resistance. The 50 and 200 EMA's were aligned and confirming a bearish trend (50 below 200) and the 15 minute timeframe chart had made a flag continuation pattern. Stop Loss is always placed 10 pips above the current high. Target 1 is always the daily S1 level. If price manages to break through here with some momentum then it is highly likely that it will reach the daily S2 or even S3 levels. If you hold the trade to these levels then your R:R ratio will be increased dramatically.
Education
by UnknownUnicorn772665
Nailed it! Take the money and run approach to Current Crypto I've seen this happening a lot lately (past few weeks). There is good range on some of these wicks on the short term time frames! Its only about 2 percent but these are easy if you are watching. I simply set a buy 1 historical resistance line under the current historical resistance. THEN SET AN ALERT at your buy price. If the price drifts down pull your order. But if you hear your alert randomly, go sell. Quick 2%. DO NOT let these positions ride. Sell immediately. This is a very simple strategy to execute if you have quick access to this site and your exchange. You can even set an alert with a different sound to remind you to pull your order because the price is drifting. PLEASE LIKE AND SUBSCRIBE IF YOU WANT MORE LIKE THIS. PS: I am not a licensed adviser. ALL my posts are simply my opinion and game plans.
COINBASE:LTCUSDEducation
by Noxtreme
Creating your own Trading StrategySELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Creating your own Trading Strategy "In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets".Whats your Trading Plan/Strategy? Some of the questions you need to ask yourself when creating your own strategy are as follows; How much time during the day/night do you have to devote to trading? How much money do you need to live on each year and how much of that must come out of trading profits? How many distractions can you expect during the day/night? Specify the markets and times of the day you will trade Do i want to trade multiple systems? Will you short sell? or go long? Where will you place your entry/stop loss and target line? How will i monitor my trading results/outcomes? Will i use software or just a simple excel document? Will i need a mentor or will I be self taught? How do I handle losing money? Can i handle being in a trade for more then an Minute/Hour, Day, Week etc? Will i use a phone, tablet or desktop computer to place, check or cancel my trade? How will i improve my trading performance? How did you go about creating your strategy? What steps did you take or follow?
Education
by SMPTrader
So You Think that Patterns are Useless? Reevaluate it.Hey, I am back with another, this time educational analysis. In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell. Simple usage of just three indicators, Volume , RSI , and MACD . At first I though, sure, how can some pattern show me the price movement.. But I was wrong. Ok, so in the time of 9 hours, we can see two Pennants , one Ascending Triangle , Head and Shoulders and Small Flag. If u were this time, during the breakout looking at the graph, and you were able to spot all these Patterns you could earn 62,5% in 9 hours! For Example, The top of head and shoulders, the top was when it did triple top on RSI and MACD showed trend reversal. Unfortunately, in the 15 min chart, it looks kinda Meh, so please, take a look lower, where is the 1 min chart, that is a lot more clearer. Tradingview doesnt allow to post less than 15 min charts. Thanks!
VEducation
by TiborVrbovsky
ETH Trend Following ScalpETH Trend Following Scalp Set Up Candle #1 Close is Greater than $2 Distance from 40 MA Rules: Bullish #1. 20 MA is Above 40 MA Bullish (Black over Blue) #2 Candle #1 Close Must Be Below 40 MA to Go Long #3 On Next Candle, Candle #2 Buy on Open #4 Place Sell Order at what the 40 MA was in Candle #1 Bearish #1 20 MA is Below 40 MA Bearish (Blue over Black) #2 Candle #1 Close Must Be Above 40 MA to Go Short #3 On Next Candle, Candle #2 Sell on Open #4 Place Buy Order at what the 40 MA was in First Candle The chart is from one day of pretty non-volatile ETH action. I am just trying to find a method to scalp some ETH while I am babysitting it in my screen time. A $2 move in ETH right now is only about 1/2 of a percent but if I can do that 2 or 3 times a day I'll take it! The other advantage to me is that I want and do own ETH anyway, so,,, I won't ever consider that I am getting stuck with it! I am new to TA, so a newbie I am. Proceed with caution and do your own testing. More back testing would be good. If you improve upon this or apply it to other assets let me know. If you have your own scalp idea please let me know, publish it! JW
COINBASE:ETHUSDEducation
by jwboing