Ethereum Multi time Frame Overview & Trading OpportunitiesBINANCE:ETHBTC
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Ethereum is about to approach a critical juncture which can provide trading opportunities for both LONG & SHORT traders with it's reaction to the S/R zone between 0.033033sats & 0.034332sats.
Short & Long positions provide a RR of 3+ when targeting most recently levels of support & resistance.
Community ideas
The Best (and most simple) Risk Management Approach to TradingRisk management in forex, or any other trading, shouldn't be complex, rather it should be simple enough even for a kid to follow.
Our Risk Management approach comes down to 3 basic points,
1. Structured position sizing ( manage your exposure! )
2. A definite exit area ( always have a stop loss! )
3. Follow point 1 & 2 like a religion!
Hope this helps and good luck!
Market EXTREMELY complacent right now; long VIX "Be fearful when others are greedy" - Warren Buffet.
More applicable now than ever !
I've looked at the put/ call ratio as well as VIX which reflect extreme greed and a broken market. This type of euphoria that "stocks can never go down" is only a belief of dumb money and a strong indication of a top.
How to utilize Multi-time frame analysis in your trading
Hello everyone:
In this educational video, I will discuss how I utilize multi-time analysis in my trading.
-What multi-time frame analysis does is to help us to get more clarity on what the overall market is doing from a top down approach.
-Analysis should always start on the higher time frames such as Monthly/Weekly/Daily.
-Then, drop down to the lower time frames such as 4H/1H,30/15/5 Min to confirm the HTF move and look for possible entries.
Price action and structures work inter-related with multi-time frame analysis.
-In a HTF impulsive phrase, there will be many LTF impulses and corrections to push the price up/down.
-In a HTF correctional phrase, there will also be LTF impulses and corrections, but within the larger HTF correction.
The key to multi-time frame analysis is to properly identify the next HTF impulsive phrase, and capitalize it by entering on the LTF price action. This allows you to maximize your R:R greatly.
In addition, combining multi-time frame analysis with price action will also give you clues on where the price is likely to go, hence calculating your targets and anticipating the movement from the market.
As always any questions or feedback please let me know :)
Thank you
Gold Commodity Markets11.23.20 I wanted to finish up on my GOLD review from this weekend. The main point that I wanted to make about gold is that there are different trades for different types of traders in that area, and while you may understand how markets like this can appeal to both buyers and sellers in a fairly narrow range, it doesn't mean that it will be your kind of a trait because of your rules. In my own trading, I had to make a distinction between knowing how to read the market, and what markets are suitable to trade regardless of how I read the market. At some point you have to decide what type of trading is most suitable for your personality, and your capabilities. Trading is a business and you want to stay in business, and you want to like your business, and you wanted to be dependable. It doesn't make sense to trade your business as a lotto ticket. Some businesses require a little less time, and this is important because the determination of what kind of a trader you want to be changes many aspects of your trading including the amount of time that you will have to be watching your trading screen.
I ran through some commodity markets that I think will be useful to my students who are far enough along that they may benefit by looking at some commodity markets. There are many reasons for these markets to move higher and lower, The probability of inflationary influences on the markets is very high, and I suspect that you'll see some great trading agricultural markets as well as other commodities markets moving higher as inflation becomes more apparent.
Backtesting Part 2: Testing Your Trading System in 3 Easy StepsIn my earlier article, " Proving Your Trading System with Backtesting ", I outlined the HOWs and WHYs of backtesting. Does your trading system work under all conditions? Under what conditions might it *not* work? Can you remove those instances from your plan? Under what conditions might you *improve* your win rate? In another article, " The Unexamined Trader ", Just as an unexamined life is not worth living, the unexamined trader should not be trading a system that has not been tested under every market condition (and I mean TORTURE tested under HUNDREDS of trades).
This video will show you HOW you can backtest your own system over time, determine its results, and refine it until it is bulletproof (or marketproof!).
All you need is a Trading System, a Spreadsheet, and a great trading platform (ahem, like TradingView) :-)
It will take some time and effort, but like everything else in life, if you don't put in the work, you won't get the results. And if you put in the work, you won't have to put a DIME of your precious capital into the market until you are CONFIDENT that your system will multiply that money in your account rather than feed the market monster.
I hope you enjoy the video... but more importantly I hope it will help you become a better trader. If this was beneficial to you please feel free to leave a like, a follow, or a comment... I'd love to hear from you and stay in touch as we all move forward in our trading journeys!
Trade hard, and trade well!
-Anthony
How to use the "RSI cyclic smoothed v2" indicator to spot turnsThis tutorial explains how to use the public and open indicator published as "RSI cyclic smoothed v2" in regards to spot market turns. By using the same indicator tuned at the market vibration and using divergence signals to confirm market turns.
As written here:
Based on the community feedback, I wanted to share more insights on how to use this indicator on the chart.
How to secure your account and enable two-factor authenticationThe TradingView team is constantly working to ensure your account is secure and well-protected. In this video, we share some tips and tricks for keeping your account as secure as possible. Below, we've also included five things you can do right now to secure your account:
1. Set up two-factor authentication! This is a highly effective way to protect your account because it adds another layer of security to your account. We recommend that you enable 2-factor authentication in your profile settings right now.
2. Do not use one password for all sites and applications. If you do this, a breach of security on one site could mean a breach for all of the sites and applications you use.
3. Use strong passwords. Your password should be difficult to guess. We recommend using a randomly generated password with a length of 12 characters and more.
4. Use the official TradingView app. It's in the Google Play Store for Android and App Store for iOS.
5. Avoid using third-party services. Never enter your TradingView account login credentials anywhere else.
Thanks for reading and we hope this tutorial helped. You can leave questions or comments below. Our team will do their best to support you as soon as possible.
How to find the best trending momentum stocks across the globeHave been asked a few times how to find stocks that are in a nice steady uptrend across multiple markets.
A super simple way is to use the built in TradingView screener, add some moving averages to your chart, and then set your yearly, monthly, and optionally weekly performance values to filter the list down to a manageable number. Look through the results for stocks where the price and the moving averages are all running together nicely in parallel. The whole slow and steady approach.
Once you have a list of suitable stocks in your watch list you can then go through them and work out which ones to potentially buy based on your own criteria.
I typically look for stocks with an RSI pointing up but between 55 ( shows momentum) and 65 (not yet over valued) that have had a bit of a pullback recently, but look like they are heading up again.
Super simple strategy anyone can follow and understand. Try it and see what you find.
One of those the trend is your friend kind of things :)
Quick Tutorial - Setting up Alerts on the TradingView PlatformQuick overview how to use the Alerts tab on the TradingView Platform to send trading signal alerts from the indicators you have on your chart - To:
Your mobile phone, TradingView App
Pop up on your Chart
Email
Simple and easy setup so you dont miss those important trading signals
GBP/JPY, EUR/JPY and USD/CAD on watch for me today.GBP/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/JPY
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/CAD
• If price pushes down to and ideally just below our lower trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to and ideally just below our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to our upper rayline, then again regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll again be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
How To Trade Around NewsOne of the common mistakes I see is traders chasing the market around news.
Trading news is a game that we simply cannot play as humans. That game should be left to the algo's who have much deeper pockets and better tech.
This doesn't mean you can't find high probability trades around news, but they may not be what you think they are.
Let us know what you think or what your strategy is around news events.
NZD/USD and GBP/USD on watch for me today.NZD/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line , then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line , then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
How To Trade Holiday's and Low Volume EnvironmentsOne big problem that I see from traders is 'chasing' the market. Chasing simply means watching the market go in one direction, and trying to join the move after it's already showed it's hand.
In low volume environments (and holidays), the market likes to revert back to the middle. This leaves traders with losses and frustration.
Don't let that happen to you!
GBP/USD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart because we will have had a completed three touch structure.
• If price pushes up impulsively to and ideally just above either our upper trend line, our upper rayline or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag and if the flag forms just below our lower rayline as illustrated I'll be hiding my stop loss above it for extra protection as illustrated.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
Trading Psychology: Over Leveraged Trading Hello traders:
Welcome back for a quick educational video on over leveraged trading. This ties with Trading Psychology greatly, and I want to elaborate on this a bit more to give new and experienced traders my understanding on this topic.
It's important to know that leverage can work for you as well as against you. You may already hear this a lot when you open a new broker account. However, it's only when you actually start trading then you will understand the true meaning of this.
When you enter a trade with leverage, you are entering with a great risk behind if you don't have proper risk management. Since leverage is a “double edge sword”, trades that are in profit or losses will be magnified. You are easily over traded, meaning you can have multiple entries on the same pair or same move/run. Again, this would be nice if the trades are going in your favor, but if not then you are going to have a huge drawdown of your account. Professional traders understand drawdown is evitable, but they also minimize it so when they are in profit, they can easily make the drawdown backs.
Let's take an example of what an over leveraged trading combine with trading psychology could look like:
---enter a trade, and with a big position (no risk management, and not consistent with trading plan)
---begin to see price fall, then either he/she will have a SL and get taken out, or no SL then price will continue to drop then the small account is gone in no time due to the big position.
---If he/she did have a SL, then they are taken out, but just lost a bigger % of their account. Now the emotions kick in to try to “chase” the money back. So revenge trading emotions start.
---Because the account has high leverage, the person can easily open a bigger lot position, double the previous one in fact (same strategy out there says to do this) and make back your losses. If first trade was risking 5%, then this next trade is 10%)
---After several losses, the account is already cut in ½, and he/she can no longer open the high lot positions.
---They will then reduce their position size, but still at maximum leverage allows.
---Soon the account will get blown out, and the person will either blame the market, strategy, lesson and more.
I see this cycle of trading all the time in new traders, and it has a combination factor such as emotion, mindset, risk management, trading plan and more. But what is easily controlled by you is to reduce leverage allowed on the account. Simply dropping it down to less leverage will help the trader to not over leverage, and maintain a few trades only with smaller position sizes.
So, I encourage the new traders to really think about this topic and reflect on yourself to see if you ever fall into this cycle before. You may not blow your account, but certainly have experienced revenge trading and over leverage trade when the emotions kick in. I myself included it at the beginning of my trading journey also.
That is all I gotta say on this one.
Let me know if you have questions and feedback :)
I will chat with everyone next time in my live stream.
Thank you
How the banks use us as liquidity providers for their operationsHi Traders, thank you for watching this tutorial. Its not any secret. That markets works like this.
Basic principle of the market is that if someone buys other must sell. And this is the technique of the market makers
artificial intelligence how to use us for their operations. Hope it helps you realize importance of the
Stop loss zones / Liquidity zones.
Try to not have SL where the others have it.
My trading strategy is based on the simplicity and core of the markets which is Buying and selling.
I'm trying to spot the next steps of the big players by using the Market profile, Volume and COT (commitment of traders)
The way I think about the markets is based on the fact that Market makers (banks, hedge funds)can do their operations only when other side (traders like you and me)
provide them liquidity = We must sell so they can buy and opposite. So I'm looking for the Stop loss zones, fake outs and other confluences to enter the markets.
My battlefield is defined by the channels on the higher timeframes, I mostly play on the upper bands and middle bands in the directions of the COT .'
I'm swing trading not intraday trading, so my ideas always takes a time and patience to play out and most important is to do the good risk management, se we can stay emotionless in a trades.
Don't hesitate to comment with any questions and if you learning something support this idea with like or share it in other trading forums.
Wish you good hunt !!
Dave FX Hunter
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