Educational
POWER OF CHART PATTERNSHi,
If you know the pattern & can identify it correctly during the formulation. You can easily enter & target a proper level. Just like in the previous XAUUSD idea in which we targeted the Previous move which was inside the pattern and banked 170+ pips. If you had an eye on it you could have easily targeted our next target which is 3x of the last one. So this h
See ya!
9/15 Market Overview and Outlook ++ Swing IdeasIn this video I go over my outlook on the market and what I think the future holds for the SPY, QQQ and a few other stocks. I also give a few swing trade ideas as well as go over a recap on a FB trade I executed. I will be trying to make these videos daily starting next week as I mentioned in the video> I hope you all enjoy the videos and I appreciate any feedback. Thanks for watching!!!
Trade Review] How I traded $FB, $PYPL How I cut my losses, PlaysIn this video I will reviewing trades I took on September 15, 2021 going full in depth explaining how I traded $FB, $PYPL: showing you guys my entries how I put it together with other confluences such as support and resistance. Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Inside Bars, Channels , Emma's, Opening Range Breakout and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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Opening Range Breakout Strategy Lesson In this video I explain how the opening range breakout strategy works to perfection. Today I was able to catch a 39% mover because of one of my favorite strategies, the opening range breakout. I use this strategy almost everyday and mostly with stocks with a lot of volume. This strategy works on the 5 minute candle. Hope you guys all enjoy the video, thanks for watching!!!
SERUM - all day🧴 *NOT FINANCIAL ADVICE: This idea IMO for personal use only*
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Very bullish on this one and will be a long-term hold strategy.
Has the potential to do another Solana since it's their DEX exchange and built on their technology.
At the time of charting this it ranks #125 on coinmarketcap with market cap $511M .
$SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine.
It's the ONLY high performance DEX to exist at the time of writing this. *Read that again*
One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up (DCA). Defo staying bullish & watching this one.
Using naked price action analysis:
🔸 ATH , Volume, Fib confluence zones and levels, bullish descending and flag formations
🔸 For Trading: Suggested Entry, SL & Exit points are my theory only.
🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry.
🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC, *be wary of scam listings elsewhere*
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
Compression Supply and Demand ¦ Key Patterns!Compression is the term every trader should understand. Reading the price is most important in the technical analysis of forex trading. Like if the price is changing at a fast rate then you must know the reason behind it. If you are a technical analyst you should use only technical tools. Like why the price is forming big bullish candlesticks at a certain zone or why the price is forming small candlesticks at a certain zone? You must know the reason behind it.
What’s Compression in forex?
There are only two reasons for the movement of price. One is demand and another one is supply. The price will go up when there is demand. The price will go down when there is supply. What will happen when there’s no demand left but only supply? What will happen when there’s no supply left but only demand? Bullish movement
Compression pattern forex
When the price is moving slowly up as well as consuming all the demand on the way then there will be no demand left until the origin of this pattern. As there is no demand so large amount of supply will cause the price to come straight to the origin of this pattern without any hindrance. This pattern is the main reason behind a large bearish candle or big price movement in a very short interval of time. This is called compression in the forex.
How to trade compression in forex?
This topic will be different for different traders. As every trader has its own strategy to trade forex. Only the top 1% are winners because they are unique from others. So don’t copy strategies but try to make your own strategy. You can use a compression pattern in your existing strategy to increase the risk-reward ratio or winning rate or increase your take program level or modify the stop loss level. It depends on you only. For your help, I have mapped you a simple trend line breakout strategy with a compression pattern above.
Opening Range Breakout StrategyOpening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in further tutorials. also this strategy is not at all a swing trade strategy, this is purely a day trade strategy that is only used in the morning as the market is opened. I challenge you guys to go through charts yourself and look for opening range breakouts. Also note this works best on the 5 minute chart. Hope you guys see as much success as I do with this very useful strategy!!!
DAY TRADING RULES THAT WORKDAY TRADING RULES & TIPS THAT WORK
DAY TRADING RULES BEFORE YOU EVEN START
1. DAY TRADING IS NOT A FORM OF INVESTMENT.
Day trading is not a form of investment. It is not part of the stock/bond portfolio that you have for retirement.
Day trading is a risky business, and you stand to lose everything if you fail.
You must accept this fact before you start day trading.
2. DAY TRADING IS NOT GAMBLING.
On the other hand, day trading is not a form of gambling. If you are not going to take it seriously and put in hard work, do not even start.
The first two rules seek to adjust your attitude towards day trading. Once you start with the right mentality, these “rules” are already with you.
3. HAVE A DAY TRADING PLAN FOR EVERYTHING
And I mean everything.
Imagine all the contingencies and plan for them. Plan even for what you are leaving unplanned, which means planning when to use your discretion.
Some essential aspects include:
Where to trade
When to trade
What instruments to trade
What is your trading strategy and how to execute it
How much to risk per trade
Broker, internet, computer, and what happens when they fail to work
The trading plan is a work-in-progress. Keep refining it and add to it.
4. SIT ON YOUR HANDS FOR THE FIRST 15 MINUTES OF THE TRADING SESSION
The first 15 minutes are usually very volatile, without much price action available for analysis. So sit on your hands for the first quarter of the hour and observe the market tone.
If you want to consider a trade right after the 15 minutes, take a look at the opening range scalp trading strategy.
5. REVIEW YOUR TRADES AFTER EACH SESSION.
After each session, there is a learning opportunity.
Each trade contributes to a feedback cycle that can improve our trading performance.
THE ACTUAL DAY TRADING RULES
6. USE STOP-LOSS ORDERS
Every trade must have a stop-loss order. We must always know how much we stand to lose.
If you disagree, I want you to reconsider.
7. USE LIMIT ORDERS OR TRAILING STOP LOSS FOR TAKING PROFITS
We close our trades before the session ends, so the profit potential is smaller. Hence, we should have our limit orders/ trailing stop losses in place to grab our profits and run. Waiting for the bull run of the century is not for day traders.
8. TAKE ONLY THE BEST TRADES
Be very selective about the trades you take.
9. ALWAYS BE IN CONTROL OF YOURSELF. DO NOT CHASE THE MARKET.
If the market has taken off without you, do not chase it. The market behaves in ways nobody can control. You cannot control the market.
But you can control your response to the market. Always be in the zone.
10. WHEN IN DOUBT, LOWER YOUR TRADE SIZE
Lower your trade size when you are in doubt of your trading edge. This tactic is for damage control.
Ideally, cut your trade size to nothingness until you figure out your trading edge.
11. ACCEPT LOSING DAYS WHEN DAY TRADING
Somehow, day traders expect to end each day with profits. But trading is a game of probabilities, so you’ll have losing days.
Accept them and move on. If you refuse to accept losing days, you will do irrational decisions like overtrading and ruin your trading account pretty soon.
USING GOLD TO EXPLAIN WYCKOFF DISTRIBUTION SCHEMATICS!Hello my beauties. I see very little content on the platform regarding Wyckoff, and I really believe it is a must to understand what is happening from an emotionally and mentally detached perspective on the markets. Wyckoff analysis provides you with an opportunity to do just that. I will walk you through the events and what they mean for the market, and hopefully I'll be clear enough to provide you with the reasons that compel me to take my trades. Enjoy!
Here are the distribution schematics for you to use as reference:
www.google.com
1) Point of Supply (PSY): the price hesitates around the area where the support of the trading range will form; this represents a warning that the mood is changing that retail investors normally fail to notice;
2) Buying Climax (BC): big investors start releasing their shares as they are satisfied with the price target they have achieved;
3) Automatic Reaction (AR): retail investors believe that the instrument is retracing, and do not pick up on the mood shift in the price action. They enter and buy aggressively, perceiving value and expecting a trend continuation. Big investors use their longs to open short positions at advantageous prices*;
4)Second Test (ST): the second test is a test of demand. In the case of a distribution, it normally fails to generate a new high, which is a massive red flag. Retail investors usually fail to notice this warning sign, and keep on buying themselves in;
5) SOW: the price starts showing some weakness. This allows smart money to trap sellers that think the price is switching to a bearish trend ;
6) Upthrust (UT): this event allows smart money to both stop out sellers that entered the market in the previous case, and trap buyers that believe in a trend continuation. Needless to say, that's not the case.
7)Upthrust After Distribution (UTAD): the price moves higher and traps even more buyers. At this point there are multiple tests of the so called ''path of least resistance''. Big investors are adding to their positions as retail traders keep on expecting strength. By this time the faith of the price has long been decided.
8) Last Point of Supply (LPSY): the market hesitates, showing extreme difficulty pushing towards the upside. One of the last chances to enter a short position.
9) Sign Of Weakness (SOW): the price starts melting down, as the ''path of least resistance'' is now cleared by all the stop losses triggered by the sudden shift in market mood after the UTAD.
10) Last Point of Supply (LPSY): very last attempt from the buyers to hold the price up.
11) Markdown: all clear, the move begins! The price swiftly moves below the TR (trading range) and dumps towards the final target.
I hope this information helps you navigate the market and profit from them. I will be periodically publishing explanations of the Wyckoff method.
If you find this content to be valuable, like, follow, comment below.
Thank you very much for reading, and good luck.
Luca, TrickleDown FX
* on the market, for big investors to open new positions, there needs to be an availability of positions that is normally generated through manipulation. The manipulation is only necessary because there simply isn't enough liquidity for smart money to enter the market. So the only way they can open new positions is by selling into the retail longs, or vice versa. This provides them with a number of shares that would satisfy the huge sums of money hedge funds normally manage.
Should Bitcoin's hodlers be concered ? Hi everyone,
As we can clearly see from the chart's candlesticks it is easy to claim that the buyers are getting weaker but does it mean that the bull-run is over? 🐃
📍 the answer is absolutely "NO"! First, I would like to say that the candles with huge wicks at both ends have a meaning: WAR between bulls🐃 and bears🐻.
🧐 but what do they mean when they happen after a bull-run or a upward trend?
📍It may show us the time buyers and seller kill before a reverse trend; what does mean? Let me explain you easily by giving an example! ✍🏼 Bitcoin price from 30k - 59k was an interesting price for buyers (bulls) and retail traders; they made a noticeable profit there, but after 59k price may look just a little bit over-priced even for bulls. Thus, they will wait for the market to show more reasonable signs of a new bull-run or a bearish chart🐻.
📌 I personally do not think that the bull-run is over. just take a look at the ichimoku cloud and it's going to show you everything you need.
⚠️ you may ask yourself why I have set a zone at the 35-37k price level. Well, I would like to share you guys something which may help you at your trades. ✍🏼Whenever the price breaks the ichimoku's Tenk/Kijun lines in a bull-run or bearish trend, IT HAS TO REACH BACK TO THE TENK WHENEVER TENK AND KIJUN ARE IN A FLAT POSITION just test it in smaller times frames.
🧐So, should we panic now and set our sell orders? The answer is also "NO" WE SHOULD NOT.
📍 the monthly time from takes at least 6-8months to occur and I have set two time zones in my chart. Plus, tenk and Kijun would like to move up-wards or down-wards with the price so may the price zone will change by time.
📌In conclusion, do not panic guys based on all those fundamental infrastructure and trend-analysis the bulls 🐃 remain stronger than bears 🐻 till the end of this year. Just be more careful about your positions
Education: SPDR ETF Holdings-or what exactly are sectors anyway?Have you ever wondered what "key sectors" are and what exactly are in them?
Look no further!
While there are many funds to look at, these ones helped me simplify my outlook on the Market to help guide my trading decisions.
Here is the resource I use to find this info: sector spdr com (Apologies, I cannot publish with a link since this is my first post and I'm new)
How to use this info?
I like to use sector information to find stocks I like. If there is a setup I like to use within one of these sectors, I will look for a top holding within the sector to play off of (since the individual stocks are more prone to move at a higher percentage than the sector as a whole).
For example, I might like the trend in XLK better than the other sectors. I will look through the stocks (which I have a watchlist for each to make things easy) in XLK to see if one has a setup I like to trade (like AAPL).
If you decide to make a watchlist for each of these sectors, I highly suggest keeping the sector itself at the top of each watchlist. Saves a lot of clicking. I also keep a watchlist titled "Key Sectors" which just has the 11 sectors in it with SPY at the top of the list. I do this to get a sense of what is happening in the Market as a whole.
Here are 11 ETF's (Exchange Traded Funds) which divide the S&P into index funds. Listed below are their top holdings (by ticker symbol) as of today:
XLC - Communication Services
FB
GOOGL
GOOG
NFLX
CHTR
CMCSA
DIS
VZ
T
TMUS
XLY - Consumer Discretionary
AMZN
TSLA
HD
MCD
NKE
LOW
SBUX
TGT
BKNG
TJX
XLP - Consumer Staples
PG
KO
PEP
WMT
COST
PM
MO
MDLZ
EL
CL
XLE - Energy
XOM
CVX
COP
MPC
SLB
PXD
EOG
KMI
WMB
PSX
XLF - Financials
BRK.B
JPM
BAC
WFC
MS
C
GS
BLK
SPGI
SCHW
XLV - Health Care
JNJ
UNH
PFE
ABT
TMO
DHR
LLY
ABBV
MRK
MDT
XLI - Industrials
HON
UNP
UPS
RTX
BA
DE
GE
MMM
LMT
XLB - Materials
LIN
SHW
APD
ECL
FCX
NEM
DOW
DD
IFF
PPG
XLRE - Real Estate
AMT
PLD
CCI
EQIX
PSA
DLR
SPG
SBAC
WELL
CBRE
XLK - Technology
AAPL
MSFT
NVDA
V
PYPL
ADBE
MA
CRM
CSCO
ACN
XLU - Utilities
NEE
DUK
SO
D
EXC
AEP
SRE
XEL
AWK
PEG
📈EDUCATION CONTENT WHAT TO DO INTO A MOMENT AS THIS?Hello, trading friends,
📈Into this EDUCATION content we will try to explain the trend data that should take before taking any action.
First of all, to see a trend, we should confirm where are we now? Is this uptrend or a downtrend?
Second, are what Shows the chart at this moment for the last 2H 4H 1D time frame - for day trader between 15-45min, and for scalper between 5-15min.
✅To start we should get first the main trend of the chart, is this HL? or HH. it's important to know the last trends lines update. After that, we check to see the last support and resistance as a small confirmation trend.
After we have done these basic trends, we will see what was the last trend line where bitcoin did breakdown from it, and are we now 50% back of the last trend line or not? there is an important trading rule that says more than 50% increase back the last trend line means a possible return of trend in 75% of moments.
🎯Is bitcoin back to the before zone as we see in this live chart? Did bitcoin re-test the last trend lines, and why was there a huge bought wick? Every data that shows on the chart has a mean. for example most time a huge wick means interest to buy or to sell the trend for the long term - and with time frame confirmation we should see or this will get confirmed or no.
📈The trading chart of this moment still showing some panic trend, and same time there should build some trust for re-entering the trend, at the main trend the bitcoin looks positive. it shows that there is a which trend, which means interesting trend where we did talk before about it. At and same time Bitcoin will be more interesting in the area of I am back, but same time for a low time frame it's also interesting. we have seen a re-test and also 45400 shows a building trend, which means below that trend the SL could be if the trend crash.
✅Like and subscribe to not miss a new idea!✅ Thank you
Have a great day
Automating strategies keeps me sane 😊Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met.
Also automating those proven strategies and just letting them be helped with my mental state as a trader.
Trade alerted 17:45 this afternoon and has been close once to TP.
I didn't know this I was in the garden enjoying the late summer sun that has bestowed the UK this week 🌞
Once upon a time watching the charts would of had me thinking of closing to soon and then filling with regret as the retrace occurs that I didn't close.
Only reason to look at chart tonight was a quick mid week review of trades and this trade is one of my open ones.
Trade details are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
The current open trade still might not hip TP but I'm not allowing emotions to play a part I let the objective based plan play out.
Previous trades shown on chart from the last two days.
Trade history can be seen at the foot of this trade idea too for full transparency.
These are year to date stats.
How do you as traders journal your trades I'm intrigued to know?
Having back test capability and a trade log which is possible through TradingView pine script saves me hours in manually logging trades as well as manually back testing.
Having that level of data allows me to know I'm running a proven strategy and that I have an edge.
The next key bit to staying sane/stress free and one of the best pieces of advice I could give as a trader is use technology available to your advantage.
Trading shouldn't consume every spare minute. Most of us do this to escape the 9-5 so don't spend hours at charts unnecessarily.
Not spending hours at charts is why I haven't shared all these trades on this pair and when this current one alerted.
If your reading this tonight let this sink in I've only looked at this chart once this week when I shared my last idea yesterday on the pair in question.
There has been three trades since then and I'm only just looking now!
Take it from me find a strategy that works and then automate that strategy.
Your mental health and well being will be the winner in the long run along with healthy account gains.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
ASCENDING TRIANGLE PATTERN - KP3R/BUSD REVIEW 📚Good day everyone.
Today I'll be discussing on symmetrical triangle patterns.
How it looks, builds up, and plays out.
1.DEFINITION
First of all, What is an Ascending Triangle?
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
2. ENTRY (TRIGGER ENTRY SIGNAL)
In a ascending triangle pattern , you're to trade the breakout or catch the move early at the support. In the ascending triangle pattern, there are three types of entry:
- Buy limit entry (conservative): This is a conservative form of entry which implies buying the breakout above the ascending triangle's horizontal resistance.
This is the safest form of entry.
- Market entry: This is buying at the current market price. It's kind of aggressive in nature. It is buying the market during the formation of the ascending triangle.
- Buy stop limit entry (Aggressive): This is an aggressive form of entry which implies buying at the test of the ascending triangle's inclined support.
This is most profitable form of entry if the trade plays out as expected.
3. TARGET (TAKE PROFIT)
Here, I'll be discussing on your profit target levels in the case of an ascending triangle pattern .
Basically your take profit levels should be where there's a high concentration of sellers such as resistance levels. Further targets are the fibonacci extension levels (1 - 1.272 - 1.414).
4. STOP LOSS AND SETUP INVALIDATION
Stop loss and setup invalidation are quite similar terms but different.
Stop loss is simply a level where you cut your losses when you're currently in a trade. It's like a breathing space for your trade. Your stop losses shouldn't be too tight ( to avoid being hit by stop loss hunting or market noise). It shouldn't be too far also (to give you a good risk to reward ratio (R:R)).
Setup invalidation on the other hand is a pre trade condition. It checks the validity of your setup before your trade. It's the last point that keeps a trade setup valid. When broken, the setup is invalidated ( no longer useful, you'll need to run another analysis).
Setup invalidation and stop loss in an ascending triangle pattern is usually a breakdown below the ascending triangle's inclined support or the previous swing low.
Note: Your stop loss can be less or equal to your setup invalidation, but not greater.
5. TRADE EXAMPLE
I'll be using my analysis on KP3R/BUSD as example of an ascending triangle pattern .
- Trade entry (long order ⬆️): Buy limit entry at the test of the ascending triangle's inclined support. It was an aggressive form of entry.
- Target (take profits levels 🎯): Fibonacci extension levels.
- Setup invalidation and stop loss: breakdown below the ascending triangle's inclined support.
Price brokeout as expected from my previous analysis and hit my targets.
That's that for ascending triangle pattern. I'll be discussing on the falling wedge pattern in my next educational review.
Thank you.