Oil rising be ready to sellAs war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it climbing very quickly ut I believe that is short-term. I may be taking some profits around the $100 mark as I expect government control to come in. I am not sure what that will look like yet but if it is a subsidized market whether cash in people's pockets or giving money to oil companies to keep the price low, that's inflation so I expect those stock prices to continue to rise. In the short term, you can hear the negative talk that may trash these stock prices which is exactly why I want to be taking profits at technical places and be ready to buy on these bottoms.
XLE oil WTI
Community ideas
VWAP Strategy To Trade Crude Oil When Technicals coincide with Fundamentals you get the biggest moves. We continue to see bullish fundamentals and bullish technicals on Crude Oil so in this video I share my favorite way to trade Crude Oil. I start with a daily chart and use the 20 day moving average and Anchored VWAP. The 20 day ma helps me identify how strong the trend is. In 2022 Crude Oil has tested the 20 day multiple times, but has been unable to close below it. From there I take an anchored VWAP and take it to the recent low when Crude last tested the 20 day ma. From there I use a 3 standard deviation on the VWAP to show me where potential resistance will be on rallies. I only look for longs in this environment, no shorts at resistance. I go down to my 3 minute chart to help me with executing intraday and use two Anchored VWAP's. I anchor one VWAP from the open of new day and use a 1 standard deviation. I anchor another VWAP from the open and use a 3 standard deviation. The 1 std deviation helps me with an area to scale out of the trade. I only take longs when the 3 minute bar closes above the VWAP and I use the 1 standard deviation as my target to take off 50% or more of the position. As long as Crude Oil stays above the intraday VWAP I remain long and look to trail for a potential test of the 3 standard deviation VWAP.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
Beware False Breakouts! How To Spot Them...Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache!
Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown!
In this video I look at examples in the Silver ETF AMEX:SLV , Spotify stock NYSE:SPOT , and Forex Euro/Dollar pair FX:EURUSD for false breakouts and what follows.
I am excited to make this video for my viewers and for Best of Us Investing!
Why You Should Learn To Trade Interest RatesIf you're trading this market right now you have to keep your eye on Interest Rates. Why? Interest Rates have the largest web in the market. They impact every market we trade (even crypto :) What rates are doing not only impact the markets we trade, they impact us in everyday life. In this video I go over the best way to trade interest rates and even if you're not interested in trading interest rates, I go over the best markets to keep up on your quotes to see what rates are doing.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
Bitcoin Analysis 12.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
How To Use Bitcoin Futures To Hedge Your CryptoYou are either a trader or a HODL'er. Since I am a trader I don't like to sit in massive swings in my spot Bitcoin positions, I like to use Micro Bitcoin Futures to hedge my spot position to minimize the risk and also maximize my long position in spot. In this video I explain how I am currently hedging my long Spot Bitcoin position using Micro Bitcoin Futures, Symbol MBT.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
GOOGLE Stock Split - Big opportunity!Today on earnings NASDAQ:GOOG announced an upcoming 20 to 1 stock split. This is a major news event with a history we can look back on. There are three instances from the last two years (TSLA, AAPL, NVDA) where tech stocks announced splits and then proceeded to FOMO rally. Trade with proper risk controls but look for opportunity NOW in Google!
I talked about this trade last year with Nvidia when that stock did a split. It is the same trade. Check link below:
E-mini Nasdaq 100 Futures-15,350 TargetThe trend is back in favor of the bulls! Some people use trend lines to determine trends, but I use Bollinger Bands to determine bullish, bearish or neutral conditions and in today's video I explain how I use Bollinger Bands to determine that the E-mini Nasdaq 100 Futures are now back to being bullish and how my strategy triggered a long setup with a target of 15,350 in the coming week(s). I also use a 10 day simple moving average and my indicator (Free here on TradingView) Beacon to help guide my trade and help me manage risk.
This is not financial advice. This is for educational purposes. Do your own homework. This is how I think and I am teaching you how I think, not telling you what to think. Past performance is not indicative of future results. Derivatives not suitable for all investors.
Weekly Watchlist 1/31 - 2/4 Here is a couple of things we are looking to trade this week.
NASDAQ:MRVL
Nice Hammer Candle off the 200sma
Taking a move over $67 with targets of $68, $69, $70
NASDAQ:TSLA
Another hammer candle off trend and the 200sma
Taking a move over $860 with targets of $865, $870, $875, $880
Bulls spooked into close...key levels for the coming sessionsMorning Jumpstart Macro view / US Market Recap 27-01-22
US markets took a hit into the close after the Fed Reserve signalled rate rises and an end to free money. Gold fell as the USD rallied while oil continued higher thanks to supply concerns.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
Hope you enjoy and have a good trading day!!
Weekly Update Jan 21, 2022 Don't Try To Pick Bottoms.I will say it again. Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire?
Keep asking yourself that question. Better to be out of the market wishing you were in rather than being in the market wishing you were out.
Facebook/Meta Platforms Analysis 17.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
USD/CAD Swing Trading Analysis: ready for another impulse? Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
How To: Use the RSI to find Oversold Stocks now RecoveringWith the rotation away from some of the hotter growth stocks especially in the technology space I thought I would show you one way to perhaps find stocks where they have been in a reasonably steady uptrend, but then for whatever reason sold off significantly and are now recovering.
This video shows you:
1. How to add and configure a 20 period moving average.
2. How to add and configure the Relative Strength Indicator (RSI)
3. How to setup your own columns and filters in the TradingView Screener
4. How to set up and add files to a TradingView watch list.
5. How to add and modify trade alerts.
Hope the video was useful and you might have learnt something about the TradingView functionality you can add to your own set ups and trading.
Like if you liked something :)
8 tips to keep you sharp over the weekend!Tomorrow is Christmas eve, the general markets will be closed, of course crypto will still be rocking and rolling, but the CFD markets will be shut. In day trading it is very easy to get rusty, a few days will do the trick, so with a 3 day weekend approaching we wanted to use this time to help you stay on track so you remain "hot" for the last trading week of 2021!
For those of you who will be celebrating Christmas, you will be busy Friday and Saturday, but we're sure you can find a cheeky hour on Sunday to work on yourself, since the weekend is the perfect time to grind, and do things such as reviewing your trades, seeing which assets moved the most and why (so you can take advantage of these situations in the future).
Today's blog topic will be guidance on what you could work on this weekend to keep yourself hot and not get rusty!
"DO OR DO NOT, THERE IS NO TRY." - YODA
1. THINK HOW CAN YOU IMPROVE YOUR PATIENCE – Having patience as a day trader will help in many ways, one of them being better entries, since entries are directly connected to our PnL it is then a vital skill to acquire, think what you could do to become a more patient trader and create a plan for the new week and apply it on your first opportunity!
2. REVIEW THE MAIN MOVERS THIS WEEK/MONTH – Every successful person, whatever industry it may-be practices a lot, the best way we trades get to practice is to review the charts and see what you could have done to profit in the new week by learning what you missed the week before
3. REVIEW YOUR RULES (PROCESS / ENTRY / EXIT / WATCHLIST) – Always helpful to read over and reevaluate your trading rules, it is a very underrate process, and because the majority of traders do not review their rules and processes they generally do not know what they are nor do they apply them!
4. VISUALIZE SUCCESS AND CHALLENGES – Visualize yourself making good/great trades. see yourself going through different scenarios and achieving the profits you seek. From seeing the perfect setup to executing the trade to exiting the trade, every aspect of trading, see it and feel it. Then also review the challenges you face as a trader, I'm sure you can think of dozens of them!
5. THINK HOW CAN YOU MAKE ONE A+ TRADE AT A TIME - Work on your entry process and criteria, know what the BEST TRADES look like, write it up! So when they show up you can execute with a larger size and maybe bank a much bigger profit than normally.
6. TALK TO EXPERIENCED TRADERS – It is very helpful to get ideas and see what these traders are doing, there is always something for you to learn, even when you become a millionaire trader, you'll still have so much to learn!
7. HOW CAN YOU IMPROVE THE RETETION OF PROFITS – If you are up on the day, set a tighter stop loss to keep your profits, that could always be a solid idea right? There are many ways to retain profits, such as lowering your size after a strong winning streak in a day... but its also your job to think about how you could do this better!
8. WORK ON YOUR PREPARATION – Preparation is Key for success! If you fail to prepare, you prepare to fail! We prepare for a solid hour before we start to trade, there is value in this... so this weekend create your "preparation process" and put it to work!
Ok we are done! Thanks for reading, but before we let you go we have a small request! If you come up with any good ideas that work for you, or have them already, please share them with us we'd love to learn from you too!
Merry Christmas and all the best!
Crypto Update - What The Market Needs to Look BullishHere I talk about the current Bitcoin structure, and what it will need to start looking bullish again. I also talk more about why I think this is an important moment for the market, and why I'm preparing for more volatility. I compare long term Bitcoin price action with Amazon stock, and I comment a bit about current price action for AMZN, and how odd it is. I ultimately mention downside potential for Bitcoin, and why some older altcoins are in danger of serious price ruts, should the market fail to recover soon. I can definitely cover more, but that will have to wait until my next video!
Thanks for watching. This is not meant as financial advice. It is meant for speculation and entertainment only.
-Victor Cobra
Moderna Analysis 11.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Treat trading like a business or you might not succeedHello everyone:
Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry.
1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading.
-Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year.
2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses
-This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result.
Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $
3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed.
-Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable.
4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some.
-Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year.
In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top.
5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals.
-Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion.
Acknowledge your mistakes, drop your ego, work on overcoming your mistakes.
6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP
-90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well.
Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed.
IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably.
Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life.
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
How to capture chart snapshot in tradingview-telegram alert botHello traders,
In the last video we learnt How to create simple web-hook to send alerts to telegram . In this tutorial, we will try to build a bit more on it and to also include chart snapshots along with plain alert messages.
Webhook code is updated in the replit repository here: replit.com
Once, setup, run the repl and capture base URL
⬜ Webhook API
Webhook post request URL format below:
https:///webhook?jsonRequest=&tblfmt;=&chart;=&loginRequired;=
jsonRequest - true/false. Set it to true only if you are sending alerts in the form of json. If set to true and the alert message is not in json format, it will throw error
tblfmt - Values taken from python library tabulate . Defines how to display the json message in tabular format. Applicable only if jsonRequest is true
chart - Chart URL from tradingview for which snapshot need to be captured
loginRequired - true/false. Use this only if you are using a private non shared chart for snapshot or if your chart contains invite only scripts which needs to be shown in the chart snapshot.
⬜ Capturing Chart URL
Note: Make sure you create different chart for different instruments which you are trying to get alert. Also make sure your chart is saved and all the indicators are in palce.
⬜ Testing on postman
⬜ Creating the alert
