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Full Time Trading. Everything You Need to Know Once you mature in trading and become a consistently profitable trader, the question arises: are you ready to trade full time? Becoming a full time trade is a very significant step and my things must be taken into consideration before you make it. ✨ Becoming a full time trader implies that you quit your current job, that you give up a stable income - your salary. In contrast to classic job, trading does not give guarantees . Please, realize that such a thing as stable income does not exist in trading. Trading is a series of winning and losing trades, positive and negative periods. For that reasons, remember that in order to become a full time trader, your average monthly trading income must be at least twice as your monthly expenses. ✨ Moreover, even if your trading income is sufficient to cover two months of your life, that is still not enough. You must have savings. Trading for more than 9 years, I faced with quite prolonged negative periods. One time I was below zero for the entire quarter. For that reason, supporting a family and living a decent life will require savings that will help you not to sink during the losing periods. ✨ Another very important sign is your correct and objective view on your trading. Please, realize that if you bought Bitcoin one time and made a couple of thousands of dollars, it does not make you a consistently profitable trader. Please, do not confuse luck with the skill. Your trading must be proven by many years of trading. ✨ You must be emotionally prepared for the living conditions that full time trading will bring you. Being a full time trader implies that you are constantly at home, you work from home from Monday to Friday. You do not see your colleagues, your social life will change dramatically. I know a lot of people who started to trade full time and then realized that they can not work from home for different reasons. ⭐️ So what are the necessary conditions for becoming a full time traders: you should have savings that will cover the negative trading periods, your average monthly trading income should be at least twice as your monthly expenses, your trading efficiency must be proven by objective, consistent results, and you must be psychologically prepared for working from home. When these conditions are met, you can make a significant step and become a full-time trader. Are you ready? ❤️Please, support my work with like, thank you!❤️
Editors' picks
COINBASE:BTCUSDEducation
by VasilyTrader
22
Harnessing Harmonics Part 1: The Measured MoveWelcome to this two-part series on Harmonics! In this first instalment, we'll delve into the foundational concept of the Measured Move using the ABCD pattern. Understanding this essential structure lays the groundwork for precise trading decisions based on harmonic principles. Introducing the ABCD Pattern Price action in any market and on all timeframes tends to move from periods of imbalance in supply and demand to periods of equilibrium. This ebb and flow of price discovery is reflected in the ABCD price pattern – a foundational pattern in harmonics which is an area of technical analysis that seeks to utilise the current volatility of a market to predict turning points. The ABCD pattern illustrates the ‘impulse, retracement, impulse’ nature of trending price action, it consists of three legs: AB: The initial leg of the move BC: A corrective phase following AB CD: The leg that mirrors AB in direction approx. magnitude Harmonic ABCD Pattern: Past performance is not a reliable indicator of future results What is a Measured Move? The core principle behind the ABCD pattern is that the best approximation of the next phase of directional price movement is the magnitude of the last phase of directional price action. In other words, the best predictor of CD is AB. A Measured Move is generated by identifying when an AB leg has formed and transposing this AB leg onto the corrective phase at BC. Understanding the Measured Move within the ABCD pattern serves as a cornerstone for traders seeking to employ harmonic analysis techniques to anticipate market movements with precision. Measured Move Approximations: Past performance is not a reliable indicator of future results How to Use the Measured Move: The Measured Move is a simple concept but can be very powerful when harnessed correctly. In a world in which the vast majority of technical indicators are lagging in nature, the Measured Move is a forward-looking indicator that is calibrated the volatility of each individual market. Here are the two cleanest ways to utilise Measured Moves in your trading: 1. Dynamic Profit Target: Utilise the Measured Move as a dynamic profit target mechanism. Once the initial trend (AB leg) is established, projecting the potential length of the subsequent move (CD leg) provides a quantifiable target for profit-taking. This aids traders in securing gains while the trend continues its momentum. Benefits: Offers a clear and predefined target for profit-taking, aiding in trade management. Can help traders to focus on the trade setups with the most attractive levels of risk-to-reward. Additional Tips and Tricks: Confirm the Measured Move target with other technical indicators or patterns for stronger validation. Adjust trade size and risk exposure according to the projected target to optimise risk management. Measured Move Profit Target Example: In the following example, EUR/USD puts in a clear directional move lower which breaks support – forming an AB leg. The market then undergoes a choppy period of retracement – forming our BC leg. A trend continuation trade setup in which EUR/USD is shorted can then be initiated and a profit target can be generated using a Measured Move (CD) which is generated by transposing AB onto BC. Part 1: EUR/USD Daily Candle Chart Past performance is not a reliable indicator of future results Play if forward (see part 2 below) and we can see that the market comfortably hits the harmonic measured move target and forms a short-term bottom around the harmonic target zone. Part 2: EUR/USD Daily Candle Chart Past performance is not a reliable indicator of future results 2. Reversal Zone: The Measured Move can be used to identify areas where price action may stall or reverse direction. When the CD leg completes near the projected Measured Move level, it serves as a signal for potential trend reversal, providing an opportunity to enter trades in the opposite direction. Benefits: Pinpoints potential reversal points, allowing for strategic entry into new trends. Provides an early indication of trend exhaustion or change in direction. Additional Tips and Tricks: Combine the Measured Move analysis with horizontal levels of support and resistance. Combine with reversal candlestick patterns. Example 1: FTSE Completes Measured Move into Resistance In the following example, the FTSE completes a harmonic Measured Move into a clear area of horizontal resistance. Notice how a series of reversal candles form near the harmonic completion zone. FTSE 100 Daily Candle Chart Past performance is not a reliable indicator of future results Example 2: Gold Completes Measured Move into Resistance Here’s a recent example of a harmonic Measured Move completion in the gold market. Notice how this completion occurs at a key level of resistance and a large bearish engulfing candle forms upon completion. Gold Daily Candle Chart Past performance is not a reliable indicator of future results Summary: By integrating the Measured Move technique into your trading strategy, you gain a structured approach to both profit-taking on trend continuations and identifying potential reversal areas. This methodical application of harmonic principles aids in enhancing trade precision and confidence. In Part 2 we'll explore advanced harmonic concepts building upon this foundation. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Editors' picks
Education
by Capitalcom
2
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Editors' picks
Education
by LeafAlgo
16
Nasdaq100: Analyzing the Potential Impact of a Rising Wedge The Nasdaq100, a benchmark index comprised of 100 of the largest non-financial companies listed on the Nasdaq stock exchange, has long been a key indicator of the tech-heavy segment of the market. However, recent market trends and technical analysis have sparked concerns about a potential downturn, largely attributed to the formation of a rising wedge pattern that commenced on December 7th. A rising wedge is a technical chart pattern characterized by a series of higher highs and higher lows, converging in a manner that resembles a triangle with a rising slope. Despite its name, this pattern often signals a potential reversal in the market's upward trajectory, suggesting an imminent downturn. Since its inception on December 7th, the Nasdaq100 has exhibited this distinct pattern, with successive higher highs and higher lows gradually converging. While such formations are not definitive predictors of future market movements, they serve as cautionary indicators, prompting investors and analysts to scrutinize the market's behavior more closely. Historically, rising wedges have been associated with bearish implications for the markets. The narrowing price range within this pattern indicates a loss of momentum and an impending decrease in buying interest. As a result, investors tend to grow cautious and may start reducing their positions, leading to a potential selloff. Several factors may exacerbate the impact of this pattern on the Nasdaq100's performance. Firstly, the ongoing concern about inflationary pressures, supply chain disruptions, and potential interest rate hikes by central banks may contribute to market volatility. Moreover, uncertainties surrounding geopolitical tensions and global economic recovery post-pandemic continue to cast a shadow on investor sentiment. Tech stocks, which heavily populate the Nasdaq100, are particularly sensitive to market shifts and sentiment changes. The rising wedge pattern's presence within this index raises concerns about the sustainability of the rally that propelled many technology companies to soaring heights. However, it's crucial to note that technical patterns are just one aspect of market analysis and not foolproof predictors. Fundamental analysis, including a company's financial health, earnings reports, and industry trends, plays a significant role in determining stock performance. Investors and traders are closely monitoring key support and resistance levels within the rising wedge pattern. A breach below the lower trendline could signal confirmation of a potential downturn, prompting increased selling pressure and a bearish outlook for the Nasdaq100. In conclusion, the Nasdaq100's formation of a rising wedge pattern since December 7th has raised concerns among market participants. While technical analysis suggests a potential downturn, it's imperative to consider broader market dynamics and fundamental factors that could influence the index's future performance. As investors navigate these uncertainties, a cautious approach with a diversified portfolio and strategic risk management may prove prudent in navigating potential market volatility ahead.
Editors' picks
CAPITALCOM:US100Short
by crispinj
21
My 2023 Bitcoin ShortSince September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if 2023 (see linked past Bitcoin posts here on Tradingview) but I am now of the opinion this rally has stalled and will reverse. -The Trade:- Bitcoin has hit a MAJOR Resistance of the 50% Retracement from the All Time High to the November 2021 low at 42235 (see chart below) which I have been noting in my Weekly Livestream all year. Price overshot the level but as we go into this weekend price will close above or below it to reject or confirm it as Resistance. This Sunday night Weekly bar close will affect my outlook. Within the "impulse" move off the recent high the 50% level is 42457 and is remarkably aligned with the wider 50% level. The first profit objective of my short it the 50% of the September onward bullish trend at 34800 but will be a partial take profit with some left on for more bearish action. If price closes back above the 50% Retracements this weekend and/or a new recent high is made then it is likely I will close my short and re-evaluate. To express this trade I am not "shorting Bitcoin" proper but rather buying Puts on AMEX:BITO with expirations in June 2024. Weekly 50% Retracement view: -Bitcoin ETF: "Buy the Rumor, Sell the News"- I remain of the opinion that the Bitcoin ETF Launch will be a "Buy the Rumor, Sell the News" type event. Much optimistic speculation has been placed upon the prospect of "Boomers Buying Bitcoin" because now they (retirees and institutions) can purchase Bitcoin in their retirement accounts. As I noted, I am expressing my trade using BITO which is a Bitcoin Trust instrument. There are already plenty of Bitcoin derivative products available for typical investors to use. Ergo, it is not obvious to me how an ETF launching will change the landscape significantly. Furthermore, I am reminded of a similar event in the past; the launching of CBOE Bitcoin Futures. Futures on Bitcoin launched on December 17th, 2017 literally marking that high and the end of that rally. -Price Outlook: Things are Different Now?- The bullish case for Bitcoin now even after the ETF launches is the coming Halving Cycle. Everyone note that it has created loosely bullish price action 3 out of 3 past times and will likely do so again. First, I do not thins 3/3 is statistically significant. Second, causation or correlation? Was it the Halving Cycle that made Bitcoin bullish or just the fact that it has been going up all this time anyway? One must acknowledge that Bitcoin was born and grew in a 0% interest rate environment which no longer exists. That fundamentally changes the amount of capital that is being infused into Bitcoin which created the 2021 rally. People like to share historical charts and then superimpose them to current price action. Most social media posts you will see are bullish because those are the ones that get the most engagement. No where else have I seen this glaringly obvious (to me) comparison of the current rally in context of the 2019 price action (below). I recall distinctly at that time that everyone was convinced the months prior were just a small hiccup and the new ATH rally was underway. Instead, we had a major economic event (COVID) to come that would push Bitcoin back down to close to the bear market lows again. 2019 versus 2023 -Future Outlook: What is Bitcoin?- The question, "what is Bitcoin?" has been asked for over a decade. I myself became interested in Bitcoin as a "tool for human freedom" that made sense to me from my Information Technology background and Libertarian political leanings. However, I have sadly watched as Bitcoin has been "normalized" in favor of "mainstream adoption" to the point we have reached now where large institutions buying Bitcoin is heralded as an accomplishment. That was never the point... as I see it nor as Satoshi's whitepaper wrote. Over the last few months I have consumed the mainstream (of Bitcoin Maximalist) social media posts and derived that the opinion of Bitcoin is NOT one of replacing the fiat dollar nor disrupting the traditional financial system. Instead the memes have been centered around some flavor or "Buy it now before the price goes higher!" Lost are the memes of yesteryear about Bitcoin combating inflation (due in part likely to the fact that the Fed's actions are actually yielding desired results). The memes around Bitcoin during this rally are frankly reminiscent of Dogecoin COINBASE:DOGEUSD TO THE MOON!!! When I attended the first Bitcoin conference in New York in 2011, we were all excited to do something never done before: buy lunch with Bitcoin. A shop down the street from the hotel venue (which at that time could only hold about 250 people) had setup a terminal to accept Bitcoin as payment. This was revolutionary at the time (there were no online payment apps such as Venmo, Zelle, or Apple pay yet invented). Two things happened: Confirmations were slow. A long queue began to develop as people waited for payments to go through. We got hungry. I sat at a table with Jesse Powell, the hitherto future founder of Kraken, who I estimated was sitting on 10s of thousands of Bitcoin... who paid for his lunch with US Dollars. What I learned in 2011 about Bitcoin was: The technology is slow and cumbersome for transaction volume People that own Bitcoin will not spend it Nothing has fundamentally changed on those points in 12 years despite the smartest of technical and economic experts' best efforts. If we look at the average confirmation time for Bitcoin it stands at 64 minutes and the average transaction fee is $25.11. That latter number has been increasing dramatically since the start of November. It is not because of the bullish rally (which began in September). It is because of the failure of Lightning Network. Lightning network was supposed to fix these technical limitations of speed and fees with Bitcoin by adding a layer on top of Bitcoin. Unfortunately, in late October experts discovered a major vulnerability in Lightning Network's programming that would allow nefarious actors to steal Lightning Network Bitcoin. Since then, over half a decade of work and hopes put into Lightning Network have been dashed as the developers now begin to look at a new implementation. The failure of Lightning Network in no way means "Bitcoin is dead." The Layer 1 Bitcoin network is robust as ever. Bitcoin just remains terribly unsuited to be the replacement for global currency. But as I noted above, it was never going to be because no will spend money today that they believe can buy more stuff tomorrow. It is great for the buyer to wait and buy two hamburgers next week for the price today... but bad for businesses that make hamburgers who will go out of business next week if no one buys hamburgers this week. So what is the "use case" of Bitcoin? If we cite that Al Gore invented the Internet in 1985, when the Internet was 13 years old (like Bitcoin) people were using it to send email, host databases, and order goods and services. We were unaware of the true future use cases of the Internet but many of these uses were already underway and people and businesses were using it to save money and/or sell more goods and services. The Internet was a wealth generation machine: it created value. So it pains me to acknowledge now that Bitcoin has settled on a single use case: "personal wealth generation" and rather than generate new wealth it instead acts as a vacuum of capital. TL;DR: The ETF launch will be a "Sell the News" event. I am now of the opinion that Bitcoin has lost its way to being a disruptive technology. I am of the opinion that this rally will not make a new All Time High.
Editors' picks
INDEX:BTCUSDShort
by norok
124
CIBR: Cybersecurity Stocks Surge Into Year EndIt has been a record year... for cyber extortion. Orange Cyberdefense data, detailed in a Bloomberg article this week, reveal that there have been four straight quarters of increased corporate victims of hacks and financial blackmails. Major recent cyberattacks include those on MGM Grand, Clorox, Boeing, and China’s ICBC just this year alone. It is all good news for companies engaged in protecting against the increasing threat of large-scale ransomware attacks, among other tech-based crimes. While shares of CrowdStrike and Palo Alto Networks have been strong lately, investors can play the trend at a higher level through the First Trust NASDAQ Cybersecurity ETF (CIBR). The $5.9 billion fund has a moderate 0.60% expense ratio, and it pays a modest 0.3% dividend yield. The issuer notes that the portfolio’s price-to-earnings ratio is lofty at 27.7x, but Morningstar reports that the ETF’s long-term earnings growth rate is respectable near 10%. To boot, you also get some semiconductor chip exposure, too. For traders, CIBR’s momentum has been off the charts lately. Up seven weeks in a row, the basket of cybersecurity names has risen from the low $40s to the mid- FWB:50S as we head into 2024. A key thematic play, with fundamental strength (see CrowdStrike’s earnings late last month), I see the potential for CIBR to continue to rally, though shares have historically consolidated over the first 10 weeks of the year. As it stands, I see support between $47 and $48 with another layer of potential buying activity coming into play at $43. On the upside, keep your eye on the November 2021 all-time high just shy of $57. The ETF successfully held its rising 200-day moving average earlier this quarter, and the breakout through $47 projects a measured move price objective to $58 based on the rounded bottom formation from Q2 this year to the December near-term breakout. With a daily RSI north of 86, we could see CIBR cool off, but the broader trend remains constructive in my view, and new all-time highs are certainly in play over the coming weeks.
Editors' picks
NASDAQ:CIBRLong
by mikezaccardi
2
Is AI a Bubble?As artificial intelligence (AI) weaves into the fabric of global industries, it sparks a crucial inquiry: Is the soaring valuation of AI stocks a sign of a robust future or a bubble waiting to burst? This article delves into the financial phenomenon, dissecting the realities behind the AI market's ascent. What Is a Bubble? A financial bubble represents a market condition where asset prices surge to levels far beyond their intrinsic value, propelled by investor enthusiasm rather than fundamental factors. These bubbles typically follow a pattern: a period of steep growth in asset prices, the peak of the bubble, and an eventual crash that leaves prices more aligned with the asset’s fundamental value. A classic historical example is the Tulip Mania in the 17th century, where tulip prices soared extraordinarily before collapsing. Another more recent example is the dot-com bubble of the late 1990s, characterised by the steep rise and subsequent fall of internet company stocks. Indicators of a Bubble Recognising a bubble often hinges on observing telltale indicators such as extreme price-to-earnings ratios, widespread speculative investment, and rapid price escalation without commensurate growth in underlying fundamentals. Other red flags include high levels of market leverage, disproportionately bullish investor sentiment, and an influx of novice investors driven by fear of missing out. With that in mind, we can begin to consider whether AI-related stocks are truly in a bubble. The Rise of AI Technology The ascent of artificial intelligence has marked a significant shift in the technological paradigm, reflected clearly in the financial markets. AI stocks in 2023 have witnessed substantial growth as investors bank on the technology's vast potential to revolutionise various sectors. Nvidia, a leading manufacturer of graphics processing units vital in powering AI solutions, has seen a 200%+ return in 2023; Symbiotic, a robotics and AI company, climbed over 400% this year. This interest isn't just speculative; it's anchored in the real-world applications and performance enhancements AI promises. AI-based stocks encapsulate a broad range of companies, from those developing autonomous systems to businesses integrating AI for data analysis and customer service enhancement. For many, it’s expected to be a revolution on par with the internet itself. And within trading, artificial intelligence trading software has emerged, offering sophisticated tools for market analysis, predictive modelling, and automated decision-making. Arguments for AI as a Bubble In the financial markets, speculative fervour around AI technology stocks has fueled a debate reminiscent of past market bubbles. Here, the arguments for the bubble perspective are unpacked: High Valuations: AI stocks, like Nvidia, are trading at multiples that soar past traditional valuation metrics. Nvidia is trading at 38 times its sales as of November 2 —a stark contrast to the S&P 500's 2.4 times sales—raises eyebrows among market veterans wary of inflated prices. High Market Concentration: The S&P 500’s rally in 2023 has primarily been driven by seven mega-cap stocks—Apple, Google, Meta, Nvidia, Amazon, and Tesla. Each company has benefited from or aimed to capitalise on the AI boom. This market concentration echoes patterns from the dot-com era, raising concerns that the wider index's performance may be overly reliant on a handful of players in the AI space. Overheated Market: Two of the market’s AI leaders—Nvidia and Microsoft—both show bearish RSI divergences on their monthly charts, often a precursor to a correction. Discover which other companies may be ripe for reversal with real-time charts from FXOpen’s free TickTrader platform. Effect of Rate Hikes: As of the current writing, the full repercussions of elevated interest rates have not yet made a significant impact on stock markets. However, historical patterns indicate that the eventual reduction of market enthusiasm may cast a shadow over the ongoing AI-driven stock rally. FOMO Influences: The market rally is partly driven by investor FOMO—a harbinger of bubble-like behaviour where prices are propelled more by sentiment than substance. There’s also a belief that others are investing in AI disruption stocks and that this will fuel prices higher, creating an unsustainable dynamic. Arguments Against AI as a Bubble Within the fervent debate around AI's market dynamics, substantial arguments stand against the idea that AI represents a speculative bubble: Robust Financials: The most promising AI stocks exhibit strong financials. Nvidia, for example, trades at a price-to-sales ratio below the peaks of many companies in historical tech bubbles, potentially indicating more grounded valuations. Solid Growth: Some AI companies have demonstrated potent sales growth. Nvidia reported revenue growth of 101% year-over-year (YoY) in Q2 2023. Even Microsoft, one of the world’s largest companies, benefited from 13% revenue growth YoY in the first fiscal quarter of 2024. Technological Foundation: AI’s transformative potential is widely acknowledged, reinforcing its status as a mainstay in technological progress rather than a temporary stock craze, like cannabis, green hydrogen, and SPACs. Historical Parallels: Compared to previous bubbles, the companies at the forefront of the AI surge have sturdy balance sheets—a sign of financial health and resilience. This foundation provides a buffer against market volatility and speculative downturns. Wider Adoption: The increasing adoption of AI across industries bolsters confidence in the sector’s long-term prospects, diverging from bubble scenarios where growth is unsupported by actual market use. Preparing for the Future Investors navigating the AI market landscape are urged to prioritise rigorous due diligence. The key lies in identifying companies that not only ride the AI wave but also demonstrate sustainable business models, robust revenue growth, and sound financial strategies. As the sector matures, it's crucial to discern between those that are fundamentally strong and those inflated by transient hype. Diversification remains essential; a well-rounded portfolio may include AI-focused firms with the potential to lead and innovate while mitigating risk through exposure to various industries and asset classes. Such strategic positioning can offer protection against potential market corrections and potentially capitalise on AI's long-term growth trajectory. The Bottom Line In conclusion, the AI market's surge reflects both innovation's promise and the market's fervour. For traders seeking to navigate this dynamic sector judiciously, opening an FXOpen account offers a gateway to the diverse world of trading, where informed strategies and judicious investment decisions may potentially turn the potential of AI into realised gains amidst the ongoing debate about its future. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Editors' picks
NASDAQ:NVDA
by FXOpen
10
Find great stocks to trade with our Stock Screener 2.0Our new Stock Screener 2.0 gives you the capability to scan, screen, and discover over 75,000 stocks from all around the world. How do you open the Stock Screener 2.0? Here's a link that'll get you directly to the Stock Screener 2.0. You may want to bookmark this link so that you always land directly on the screener tool, whenever needed. If you're on our website and desktop app, go to the top toolbar of TradingView and move your mouse over 'Products'. Then go to 'Screeners' and click on 'Stock 2.0'. Why should you use the screener? Our Stock Screener 2.0 empowers traders to sift through equity markets efficiently, and quickly. Our Stock Screener 2.0 was created to give traders a tool that'll enhance decision-making and improve time management. With the ability to quickly narrow down the multitude of available equities, globally, our Stock Screener 2.0 will support traders in their journey, encouraging research, process, and risk management. How does our Stock Screener 2.0 work? All the possibilities are in your hands. If you can envision it, it most likely can be done. You set the parameters and then our screener will display the results – for example: - Want to see all the stocks with a PE ratio under 10? You can do that. - Want to see all the stocks trading above their 200-day moving average? Yep, also that. - Looking to find all stocks that hitting all-time highs and have no debt? You can create a custom screen for that, too. Stock Screener 2.0 Features Our Stock 2.0 screener is fully customizable. This means traders can create, save, rename and delete screens until they've created a perfect list for all the screens they need. In addition, traders can quickly access popular screens based on different factors such as the following: - Highest net income stocks - Strong performance small caps - Dividend kings - And many more pre-made options To access these features (save, load, rename, and access pre-built screens) click on the 'Stock Screener 2.0' text in the upper left corner of the screen: Tip: Remember to save your screens by clicking the "Save" button in the upper left corner. You'll also want to master your filters and columns as these buttons will allow you to create a screen that's perfect for your needs. Like this: Now, let’s create a custom screen. We'll show you how it's done... The tabs at the top of the screener give you the capability to begin narrowing down your screen based on specific criteria. For example, click the Market tab located in the upper left corner of the screen to adjust the countries that you want to screen in. You can screen globally or by country. As you go about creating your first screen, remember that it's possible to access advanced features. Specifically, in the country example we just mentioned, you can select multiple markets that you're interested in. To do this, first make sure that the 'Multi-Select' option is enabled: Filter Section: Here you can choose from hundreds of fundamental and technical analysis elements to find stocks according to what you select. The most common ones are shown in this section: - Index - Price - Change % - Market capitalization - P/E - EPS diluted growth - Dividend Yield % - Sector - Analyst Rating - Performance % If you want to add more, click on the "+" icon and browse through the available categories. The key here is that these are parameters that can be set by you, the trader. For example, click on "Change %" and select "Custom". Then select the 1-month time frame and enter an Above Value of 10%. By doing this, you will only see the stocks that up 10% or more in the last month. You can also combine different parameters at the same time, so the possibilities of filtering stocks are endless. Setups: Here you can select the type of information you want to analyze, divided into different categories from performance to technicals and fundamentals. You can sort the list of stocks by clicking on the "Sort by" icon at the top right of the screen. Columns: The columns you see are related to the type of screen that you're creating, but they can also be right clicked, dragged and dropped, and you can create a new column by clicking on the "+" icon located at the far right side of the column section. Columns give you a visual idea of what's happening with the stocks that you're screening for. There are over 100 indicators at your disposal to add as columns. Create your screen, and then customize your columns, so that you can browse your screen efficiently. We're excited to see everyone get started with our Stock Screener 2.0! We also want to hear your feedback and commentary. Let us know if the comments below what you think about our Stock Screener 2.0. TradingView Team 💙
Editors' picks
NASDAQ:DUOL
by TradingView
64
Is the Santa Claus Rally on Its Way Again?The lights, carols and the last FOMC of the year, you know the drill by now, Christmas is here soon! As we head into the year's end, it's the perfect time to revisit an old idea we had last Christmas. In our piece last December titled “ Is the Santa Claus rally real? ” we explored the concept of the Santa Claus rally, discussing why and how a modified version might work. To recap, last year we proposed examining the Santa Claus rally through a spread between the S&P500 and the Nikkei, rather than focusing solely on either the S&P or Nikkei alone. This approach was based on several reasons: 1) Holiday Impact: The Christmas holiday holds greater cultural importance in the US, likely resulting in more holiday observance in the US compared to Japan. 2) Diverging Monetary Policies: The Bank of Japan is set to meet next week, and while no change in the policy rate is expected, we're looking for any hints on the timing of an exit from negative interest rates. Conversely, the Federal Reserve has just signalled expectations of up to 75bps rate cuts in 2024, marking a policy shift. These differing policies could influence equities in their respective markets differently. 3) Difference in Accounting/Financial Years: Different accounting practices and book closure dates mean that institutional traders in each market will have varying flows as they prepare to close positions for the financial year. 4) January Effect Front-Running: Investors re-establishing positions after December's tax loss harvesting. With policy directions now swapping, optimism for this strategy's success is higher this year. The Federal Reserve signalling an end to hikes, has resulted in the S&P500 surging closer to previous all-time highs. Meanwhile, the USDJPY has collapsed from its high of 152, as views grow that the BOJ might end its negative interest rate policy sooner than expected, as alluded to by BOJ Governor Ueda. This Christmas, we'll compare what happened last Christmas to see if a similar pattern emerges this year. A review of last year's Christmas effect shows that the spread rose roughly 12% from mid-December to mid-February. This result adds to the current streak of a 60%-win rate since 2013, now improving to 63% with a simple average return of about 33%. Examining each index individually, we find that periods where the S&P 500’s RSI is above 75 and the Nikkei 225’s RSI is around 50 have generally preceded critical junctures where the S&P 500 continues to rise while the Nikkei remains rangebound or falls. Additionally, observing the S&P500 and Nikkei 225 spread, we notice an ascending triangle pattern, with current price action breaking above. An ascending triangle is typically associated with bullish continuation. Considering the broad macro factors, such as changing monetary policy stances aligning with the historical behavior of the Santa Claus rally, along with a bullish technical setup, we lean bullish on this spread. To express this bullish view, one could go long on the E-mini S&P 500 Futures and short on the Nikkei/USD Futures. At the current price levels, the notional value of one S&P 500 Futures contract is 4771*50 = 238550 and the notional for the Nikkei futures is 33010*5 = 165050, hence to match the notional we can trade 2 S&P 500 Futures contracts against 3 Nikkei Futures contract with the intent of holding the position from now till the middle of February. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com www.fool.com www.jstor.org
Editors' picks
CME_MINI:ES1!Long
by inspirante
14
NVDA: Beware of these Support / Resistance Levels (H & D charts)NVDA shares are losing momentum after a powerful upward reaction this morning. It seems that as it approaches its resistance area, it is becoming difficult for NVDA to maintain its upward trajectory. We had a good reaction near the Fibonacci retracements, which, as we warned in our last public study, was our main area of support. Now the price is trying to recover, but there are still some challenges ahead. The link to our previous analysis is below this post, as usual. It's interesting to note that despite losing momentum, the price could still seek out the $487.61 region, a secondary resistance and previous top that can be seen on the hourly chart: At the moment, there is no clear sign of a bearish reversal, but we should remain vigilant as the price is finding it difficult to break through the resistance of its Ascending Channel, as evidenced by the purple lines. A correction down to the 21 EMA is plausible, but if the price loses this support, then we could see NVDA near the support of its channel again. So, in the short term, it's all about the Ascending Channel, and in which direction there will be a breakout, as well as the 21 EMA. In the medium term, we should focus on the Fibonacci retracements, and the resistance at $487. I must admit that I would like to see the price at $487 again, since that point has been a personal target for me since the first buy signal at $469: Ignition Bar + above the support of the ascending channel + breaking a pivot point + breaking the 21 ema on the 1h chart = Clear buy signal (to me, at least). However, depending on how the price reacts today, maybe the bullish thesis will be thwarted. I’ll keep you updated on this, so remember to like this idea, and follow me for more analysis like this. All the best, Nathan,
Editors' picks
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
23
Euro climbs to two-week high as ECB meeting loomsThe euro has extended its gains in Thursday trading. In the European session, EUR/USD is trading at 1.0925, up 0.45%. It has been a good week for the euro, which has climbed 1.5% against the US dollar. The European Central Bank meets later on Wednesday and is widely expected to hold rates at 4.0% for a second straight time. The markets will be focusing on the rate statement and ECB President Lagarde's post-meeting remarks. Lagarde has been hawkish, stressing the need to maintain rates in restrictive territory for a prolonged period - "higher for longer". The markets are more dovish and have priced in six rate cuts for 2024, with a first cut as early as the spring. The economic landscape in the eurozone could support the market's view. Inflation has fallen sharply and is at 2.4%, within striking distance of the Bank's 2% target. The economy has cooled due to high interest rates and a recession remains a possibility. Will Lagarde push back against market expectations of rate cuts? Or will she set a more dovish stance and avoid ruling out rate cuts? The tone of the rate statement and Lagarde's comments could have a strong effect on the movement of the euro today. The Federal Reserve maintained the benchmark rate at a target range of 5.25%- 5.50% for a third straight time. That was not a surprise but Fed Chair Powell provided plenty of drama as he pivoted from his usual hawkish rhetoric. There had been expectations that Powell would push back against growing speculation that the Fed would trim rates in 2024. Powell not only failed to push back, he signalled that the Fed expected to cut rates three times next year. Powell's dovish message sent equities flying higher and the US dollar tumbling. Just two weeks ago, Powell said it would be "premature" to speculate about the timing of rate cuts and that the door was still open to further hikes. There is still a deep disconnect between the markets and the Fed, as the markets have now priced in six rate cuts in 2024. There is resistance at 1.0964 and 1.1033 1.0862 and 1.0793 are providing support
Editors' picks
by OANDA
6
Technical vs. Fundamental Analysis: Finding a BalanceLooking to make more holistic investment decisions, but not sure how? Understanding the difference between technical and fundamental analysis and how to incorporate both is an essential step to accomplishing holistic investing. Today we will explore how finding a balance between these pillars of trading can help you navigate the complex world of investing. The Importance of Finding a Balance Finding the right balance between technical and fundamental analysis can be the key to successful investing. By combining the two approaches, traders gain a comprehensive understanding of a stock's potential, taking into consideration both the short-term market trends and the long-term value. When it comes to investing, it's important to have a complete view of the market. Relying solely on technical analysis may leave you susceptible to missing out on crucial information about a company's financial health and growth prospects. Similarly, relying purely on fundamental analysis may cause you to overlook short-term market trends that could impact the stock's price in the near future, potentially leading to poor entries and exits. A balanced approach allows you to leverage the strengths of both technical and fundamental analysis, providing you with a more complete picture of the investment opportunity at hand. So, whether you're a short-term trader or a long-term investor, finding the sweet spot between technical and fundamental analysis can help maximize your chances of making a profitable investment. Understanding Technical Analysis Technical analysis focuses on analyzing historical price and volume data to predict future price movements. Traders using this approach often rely on chart patterns, indicators, and trendlines to identify buy and sell signals. Chart patterns, such as triangles, head and shoulders, and double tops/bottoms, provide insights into potential price reversals or continuations. These patterns are formed as a result of the collective actions of market participants and can signal impending price movements. However, when using price patterns it is critical to understand the statistical odds of success for completion of the pattern. Price patterns can be subjective to the trader's skill and overall directional bias, so traders should combine price patterns with other forms of technical analysis. Indicators, such as moving averages, Relative Strength Index (RSI), and Bollinger Bands, help traders identify overbought or oversold conditions, measure the strength of a trend, and spot potential entry or exit points. When indicators are combined to form a robust and complementary system traders gain a wealth of information about the near-term health of an underlying asset. It is critical to note that no indicator system is perfect and will not guarantee you a 100% success rate. However, when paired with proper risk mitigation, psychology, and supporting forms of technical analysis, using indicators can lead to long-term success. Trendlines are used to analyze the direction and strength of a stock's price movement. Drawing trend lines connecting the highs or lows of a stock's price can help identify support and resistance levels, price channels, and potential trend reversal areas. Support and resistance zones are price levels on a chart that indicates where trends are likely to pause or reverse. Support is a zone where a downtrend pauses due to demand, while resistance is a zone where an uptrend pauses due to supply. These zones are based on market sentiment and human psychology, shaped by emotions such as fear, greed, and herd instinct. Traders tend to congregate near these zones, strengthening them. Support levels indicate a surplus of buyers, while resistance levels indicate a surplus of sellers. It's important to note that these levels are not exact numbers but rather "zones" that can be tested by the market. Understanding how these tools work and how to interpret their signals is crucial for technical analysis. It allows traders to make intuitive decisions based on historical price patterns and market dynamics. However, it's important to note that technical analysis has its limitations. Limitations of Technical Analysis While technical analysis can provide valuable insights into a stock's potential price movements, it's important to recognize its limitations. Technical analysis is primarily focused on historical data and patterns, which may not always accurately predict future price movements. Market sentiment, news events, and other external factors can significantly impact a stock's price, often rendering technical analysis less effective. If you don't believe me, just look at the price charts for the last four years. Try to pinpoint major world or domestic events such as the start of the pandemic or the Fed's hawkish shift. Additionally, technical analysis does not take into account the intrinsic value of a company, which is a key consideration in fundamental analysis. Therefore, relying solely on technical analysis to make investment decisions may leave you vulnerable to market uncertainties and potential pitfalls. This is where fundamental analysis comes into play. Understanding Fundamental Analysis Fundamental analysis involves examining a company's financials, industry trends, and market conditions to determine its intrinsic value. Investors who lean towards fundamental analysis believe that a company's true worth is reflected in its financial strength and growth potential. Key factors considered in fundamental analysis include a company's revenue and earnings growth, profit margins, debt levels, competitive positioning, and management team. By analyzing these factors, investors can assess whether a company is undervalued or overvalued, and make investment decisions accordingly. Most, if not all of this information is readily available on the internet, but it can take some digging to find all the information one would need. There is also a wide range of financial-related indicators readily available on TradingView. Fundamental analysis also takes into account macroeconomic factors, such as interest rates, inflation, and government policies, which can impact the overall market and the performance of individual stocks. How to Conduct Fundamental Analysis Conducting fundamental analysis involves a thorough examination of a company's financial statements, such as its income statement, balance sheet, and cash flow statement. These statements provide insights into a company's revenue, expenses, assets, liabilities, and cash flows. Analyzing financial ratios, such as the price-to-earnings (P/E) ratio, return on equity (ROE), and debt-to-equity ratio, helps investors assess a company's financial health and profitability. Much of this information is available on TradingView under the financials tab. TradingView has done an excellent job of making a majority of the aforementioned financial data available, right at your fingertips. Industry analysis is another important aspect of fundamental analysis. Understanding the industry dynamics, competitive landscape, and market trends can provide insights into a company's growth potential and its ability to outperform its peers. There is a plethora of this information online, and diligence in your research will make a world of difference. By combining financial analysis with industry analysis, investors can gain a deeper understanding of a company's overall prospects and make more informed investment decisions. Finding a Balance Between Technical and Fundamental Analysis Finding the right balance between technical and fundamental analysis requires a thoughtful approach. Here are some strategies to help you integrate the two approaches: Start with fundamental analysis: Begin by analyzing a company's financials and industry trends to assess its long-term growth potential. This will provide you with a solid foundation for your investment decisions. Use technical analysis for timing: Once you've identified a promising investment opportunity based on fundamental analysis, use technical analysis to refine your entry and exit points. Technical indicators and chart patterns can help you identify optimal times to buy or sell a stock. Consider the bigger picture: While technical analysis focuses on short-term market trends, it's important to consider the long-term value of a company. Evaluate the fundamental factors that can impact a company's growth potential and use technical analysis as a tool to validate your investment thesis. Keep an eye on market sentiment: Market sentiment can influence stock prices in the short term. By staying informed about news events, economic indicators, and market trends, you can better understand the context in which technical and fundamental analysis are operating. By finding a balance between technical and fundamental analysis, you can better manage your investment decisions that take into account both short-term market dynamics and long-term value. This balanced approach can help you navigate the complex world of investing and maximize your chances of success. In conclusion, understanding the difference between technical and fundamental analysis is crucial for making theoretically sound investment decisions. By finding a balance between the two approaches, you can gain a comprehensive understanding of a stock's potential, considering both the short-term market trends and the long-term value. So, whether you're a short-term trader or a long-term investor, incorporating both technical and fundamental analysis can help provide a better view and maximize your chances of making profitable investment decisions. Happy Trading!
Editors' picks
NASDAQ:TSLAEducation
by LeafAlgo
16
7 Forex Trading Tips (To help you be successful in 2024)7 Tips for all Forex Traders (to succeed in 2024) So many new traders come into with an expectation of quickly becoming a millionaire. They soon learn that making money from trading isn’t as simple as just placing trades and collecting profits. They need some forex trading tips that can help them to succeed in the market. If they get these useful tips and combine them with a good and hard work there’s a chance that they can become successful as a forex trader. If this sounds like something, you’d like keep reading. This article will give you 7 forex trading tips that can help you improve forex trading results. Many new traders look to this scalping type of trading where positions are held for a short time, usually less than a day. This type of trading has become so popular because it is also considered as a way to deliver quick profits to a trader’s account. Understanding the dangers of short-term trading are also important. Short-term forex trades typically make far less on each trade, but the higher frequency of trades makes up for this, and at the end of the day this trading style can deliver a good number of . You will choose between short-term forex trading and long-term forex trading at some point in trading career. Whether you stay with the short-term trading or switch to long term trading will be determined by your own and style. The following forex trading tips are meant to help you control your risk and manage your money effectively. Hopefully these 7 forex trading tips will help you become a better trader, in 2024. 1) Understand your own personality and trading style It might seem like obvious advice, but knowing your own personality and trading style is much easier said than done. We all have our own personality and goals, and we all have our own unique approach to the markets and trading. You need to know what your personality and approach is if you want to be a successful forex trader. While some traders are most comfortable with small, safe positions, others love to swing for the fences with the riskiest, but potentially most profitable, trades. Which way is yours? Also think about whether you like to be a follower who might work well with a trend following approach. Or maybe you like to go against the crowd and are always looking for a different way to approach things. This personality type often does well as a contrarian trader. You don’t need to figure this all out right now, but you should keep it in mind. 2) Choose your Best Broker You already know there are literally hundreds of brokers you can choose from, and each one is different in some ways. Some focus on specific asset types, while others may work best for broad approach. There are brokers for and others for pro traders. Do you need automatic broker ? Is the regulation of a broker important to you? Ask yourself these questions before choosing a broker. 3) Learn and Practice Several Trading Strategies If you want to make forex trading a career you should want to become an expert forex trader. That means learning and mastering multiple professional trading strategies. Just as a lawyer will have a different approach to traffic court versus civil court, so you need to have a different approach to different market conditions. Having several trading strategies at your disposal gives you a broader look and understanding of the market. It also gives you the option of having the best trading strategy no matter how market conditions change. 4) Start Broad and Finish Narrow when analyzing charts Always begin your analysis from the higher timeframes. Looking at the weekly and daily chart will give you the big picture and long-term trends. From there you can drill down to the 4-hour, 1-hour, or shorter time frames. Once you know the long-term trend you can use the short-term charts to find short-term opportunities in the same direction as the broader market trends. There’s truth to the old saying that “The trend is your friend.” 5) Always Have a Trading Plan There’s a saying that goes “Fail to plan, plan to fail” and it is appropriate for forex traders to keep it in mind. Trading plan is what will tell you when to enter and exit your position, the profit target, how much risk you’ll be willing to accept, and everything else regarding trade. It will keep you from getting too fearful or greedy, and should prevent emotional decision making. In all honesty having a trading plan is one of the most important tips, and it should probably be at the top of this list. And the key is not just to have a plan, but to follow it religiously, and to take the time to analyze how well it performs so you know when changes might be needed. 6) Protect your Capital by Managing your Risk on every trade Protecting your capital is what will keep you in the trading game when others have been thrown out by their own careless risk taking behavior. Remember that the market will always be there for another day and another trade, and you want to be sure you have capital to take advantage of that in your trading adventures. This means always calculating your risk on any trade, and knowing when to enter and when to take a day off. Volatility is good, but not if it increases your risk to the point that you blow up your account. Also be sure to always use stop losses to protect from unforeseen moves. 7) Price action on charts (not feelings)/Never stop learning You might be thinking this is basic, but too many traders fall into the trap of trading on emotions and hunches rather than facts. Always trade what the market shows, not what you hope to see. Wait for your trade setup and avoid trading based on emotions. Two things you can do to help ensure you are trading with facts and not emotions is to have a clear trading plan that you’re following at all times, and to keep a detailed journal of trades. The forex market is one of the most complex financial systems ever created, and no one will ever know all there is to know about it, especially since market conditions are always changing. This makes it crucial for you to always be learning. Because the forex market is ever-changing you need to understand that what worked yesterday won’t necessarily work today. And when your strategy stops working it would be good to have the knowledge to know why it’s stopped working, and how to fix it. Always look to try new strategies, find new ways to research the market, master technical tools and your fundamental analyzing strategies. Last of all, keep an eye on evolving technologies like auto-trading, back-testing software, and new technical trading indicators. Each might have a place in your future trading plans.
Editors' picks
Education
by Anbat
9
Rate Cut 1930 - Pattern Recognition: 30s vs Today In 1930, when the Fed cut interest rates, the market crashed further. In today's tutorial, we will be comparing the 30s and today’s market to identify some of their similarities. Where exactly are interest rates’ direction pointing us? As we may have read, many analysts are forecasting that there will be a few rate cuts in 2024. Is this the best option? My work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities. Micro Treasury Yields & Its Minimum Fluctuation Micro 2-Year Yield Futures Ticker: 2YY 0.001 Index points (1/10th basis point per annum) = $1.00 Micro 5-Year Yield Futures Ticker: 5YY 0.001 Index points (1/10th basis point per annum) = $1.00 Micro 10-Year Yield Futures Ticker: 10Y 0.001 Index points (1/10th basis point per annum) = $1.00 Micro 30-Year Yield Futures Ticker: 30Y 0.01 Index points (1/10th basis point per annum) = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Editors' picks
TVC:DJI
by konhow
40