GOLD (XAUUSD) - more upside probable. This is an update on the daily time frame for gold. Things have changed.
I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below.
For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must always be affordable).
For the record - and just in case - I never predicted that Gold was gonna crash. This doesn't mean it can't crash. What I said on a previous occasion was that 'Gold could be in trouble' and yes it could still be in trouble even if it punches north.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Community ideas
How to search for an exchange and discover new assetsIn this video, we show you how to use the search box to find specific exchanges and discover new assets on those exchanges. Our goal is to make global financial data more open and accessible for all of our members. When you create a TradingView account, you instantly gain access to data from around the world.
To get started, head to the search box and type in the name of the exchange you're interested in and add a colon ":" to the end of it. For example, type "NYSE:" to see NYSE listed securities or "NSE:" to see NSE listed securities. You can do this for all of the exchanges listed on TradingView.
At the top right of the search dropdown is a button that says "All Exchanges." Click this to see all of the exchanges available to you and the region of the world they are based in. You can use this to refine your search and discover new exchanges.
If you have any questions, please write them in the comments below and our team will do their best to help. If you enjoyed this video tutorial, press the like button. Thanks for watching and we hope this tutorial helps you with your research, trading, and market knowledge.
Further reading:
- Chart Every US Listed Futures Contract From ICE
- Announcing New Data Feeds From Indonesia, Hang Seng, and More
- A Look Back at New Brokers, Exchanges, and Data on TradingView
S&P 500 review - Turning losses to profit by detecting changesCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and two trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). I will focus on how I detect the changes in the price action and turn the losses into profit in two trades. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3430, 3500 ; Support: 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels to either long or short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Live Intraday Trading - TSLA jet going into the space A superb pattern formation in TSLA . Points to be watched :
1.Entry
2.Exit
3.Taking quick partials after a very good profit
4.A perfect pullback setup using 1 minute chart
5.Partial area marked in the trade is a small resistance area
Thank you !!!
It's Raining.....
$$$$$$$$$$$
How to Use Multi-Timeframe Analysis and What It MeansIn this video tutorial, our team based out of New York City walks you through multi-timeframe analysis including what it means and how it works. Multi-timeframe analysis (MTF) is a process in which traders can view multiple timeframes at once on a single chart. For example, if you're looking at a 30-minute chart you can quickly add a daily Moving Average and weekly Bollinger Bands. Multi-timeframe analysis is the process of looking at multiple timeframes at once and using them to make better decisions when trading or investing.
Getting started with multi-timeframe analysis on TradingView is easy:
Step 1 - Add an indicator to your chart
Step 2 - Open the indicator's settings and find the Resolution parameter in Inputs
Step 3 - Adjust the resolution to the timeframe of your liking
This process works for most of the built-in indicators on TradingView. You can have several timeframes visible at once so you always know the most important price levels. MTF works by the minute, hour, day, week and month.
In addition, Pine coders can use the same `resolution` parameter we use in our built-in indicators in their own scripts. By simply adding it to a script’s `study` declaration statement, coders now have an easy way to add MTF functionality to scripts and let users decide the timeframe they want the indicator to run on.
We hope you enjoy this video tutorial and please press like if you find it helpful. If you're already an expert at multi-timeframe analysis, please leave some tips and educational lessons in the comments so others can learn from you.
Additional reading:
A New ‘Resolution’ Parameter Makes Multi-Timeframe Analysis Easy (TradingView blog)
Learn more about multi-timeframe analysis from other traders
Explore the public library for scripts using multi-timeframe analysis
How to identify valid, high probability price action structuresHello everyone:
In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market.
I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves.
Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be.
The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry.
Thank you
Feel free to ask me questions and comments.
What is a Trading Plan? and what to include in there? Hello everyone:
Here I make a video on my take on what a trading plan is, and how it will help you to become a better, consistent trader over time.
I will include the general topic on what is in my current trading plan, and what works for me to include in them.
The general topics I have in my trading plan:
Personal Goals, Mindset, Changes
Trading Checklist
Trading Quotes to reflect on
Trading Past experiences, mistakes, and lessons
Trade Enter Criteria: Go-To-Setups
Trade Management
As always, feel free to ask me questions and comments.
Thank you
Using the Strategy Tester to Evaluate a StrategyThis video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester.
I highlight the overview of your strategy, dive into the details of the performance summary for your strategy, and show how we can review all of our trades including our commission paid.
Finally, we show how changes to the strategy can alter your Strategy Tester results and how accounting for commission(fees) and selective testing windows can alter perceptions on strategies.
SPCE Bullish Breakout: The Beginning To New Highs (IMO)In my opinion, SPCE is a lifetime stock. I'm just happy to be young and alive at it's IPO. I'm holding shares and I believe in this company. I DO believe we're bullish from here, no reason to fall back to $10-$15 again.
• Disney executive appointed new CEO is legitimizing the company as "this is real"
• Ships are almost ready to go
• Branson is first in line to go to space (I'd be second if I could)
• We're on the backside of COVID - this stock could held highs and already moved higher if we didn't have the market crash
• NEW bullish activity happening now and VOLUME is picking up
• Cabin reveal is coming up at the end of month
• Hundreds of preordered tickets confirmed and thousands in reservation mode (over 100 million in possible sales already)
THE FUTURE POSSIBILITIES
• tickets get cheaper
• Disney creates a "space world" in partnership with Virgin Galactic (zero G simulation rides, education/inspiration rides, best planetarium you've ever seen)
• interplanetary travel made much faster - Atlanta to Tokyo in 2 hours with new ships (this is actually already being planned)
• VG ships are already compatible with current international airports (no special runway or launch pad needed)
• other space and research partnerships with medical companies, NASA/government, satellite companies, etc
Buy and hold forever!!! This company could be the only stock you'd ever need to own. Imagine, $1000 price point in 10 years, with 1000 shares = $100,000 average profit a year. If you want to go to space, like I do, hold at least 250 shares and in 10 years they might be worth $250,000 and you can easily buy a ticket then. Bless!
Friendly reminder: All of this is my opinion. I do hold shares. Please invest wisely.
Why VIX is still the cheapest bet. I was wrong in May. Round 2.We were early on our VIX call back in May.
In essence, being too early is = being wrong.
We come back at the VIX with a fully-loaded trade plan.
The fundamentals line up and we cover them.
The technicals line up and we chart them.
Assymetrical? check.
Thorough? check.
Logical? check.
Oh, earnings season...will you please speak truth to dem der bulls?
Why did cable head higher yesterday?We're simply looking at the difference between two stimulus regimes.
With the BoE indicating that there would be a cap to stimulus, whilst the Fed earlier last week pretty much took a 'whatever it takes' stance, the longer term differential in narrative was created.
Whether that sustains is a different story, since context can change rapidly, but intraday, those comments let to higher UK yields which creates an implied appreciation in cable.
EURJPY TRADE IDEA - Looking for Second OpinionsHello Traders,
This morning I'm looking at a possible short selling opportunity with EURJPY but I would like everyone's input. I'm trying to establish if this is a decent risk to reward sell trade. I know the odds of the trade are more likely in my favor but I'm wondering if I should increase my target or even execute this trade at all.
Let me know what you guys think.
Thanks in advance.
Regards,
Michael Harding
New Pine Updates - Line.get_price(), label styles and much moreHello,
This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features:
- line.get_price() - a function used to get the price of a line object on the chart at a specific bar value
- label styles - how to use the new styles added into Pine for your labels
I also discuss some other new features such as:
- label tooltips
- the addition of Candlestick patterns as built-in indicators on the platform
- syminfo.basecurrency
- timezone parameter when getting a bar's time
Thank you!
