Learn the Range Trader Strategy | Part 1 - The LevelsIn this lesson, I discuss the important levels to know for the Range Trader Futures Trading Strategy.
The indicators on the chart that produce these levels and values are the following:
1) The "T-Line" is a 233 period Exponential Moving Average (EMA) | Built-ins >> Indicators
2) The prior session highs and lows are plotted using the 4C Yest HLC/O indicator | Community Scripts >> Search for the script name
3) The overnight or Globex highs and lows are plotted using the High/Low Of Custom Session indicator | Community Scripts >> Search for the script name
4) Volume Point of Control (VPOC) is calculated with a Session Volume HD script | Built-ins > Volume Profile (These scripts require a paid TradingView plan)
Now for the levels ...
Identify the prior session high and low.
Identify the overnight high and low.
Identify the prior session VPOC.
(Current session VPOC is noted only if the overnight range exceeds 50% ATR prior to the U.S. stock market open).
Identify if price is above or below the T-Line (233 EMA), indicating a bull/bear continuation or bull/bear neutral pattern.
Identify the 7-day Average True Range (ATR) for the instrument/product you are trading.
Follow Me here on TradingView to be alerted to the next videos in the series that go into set-ups, signals, and entries for the Range Trader based on these levels.
Futurestrading
Huge Opportunity on ALGO 🚀ALGO looking absolutely great, after being in consolidation for a long time is ready to PUMP.
Looking extremely good, just need to wait for clear breakout with a good level of volume. In the meantime the massive ascending triangle will still going on, the more times we hit the resistance, the more likely it is that we will be able to break it and hit a new ATH.
This will be broke in the next few days/weeks (max). As soon as we breakout this resistance the price target would be around of $2.6 and as you know after breaking ATH there is no resistance 😉. If we use the Fibonacci retracement the targets would be $3.2 and $4.3.
Please guys be cautious but don't miss this awesome opportunity.
Huge Opportunity on LINK 🚀We are creating higher lows very very nicely for more than a month, Massive Bullish Setup.
There is a major resistance at $36 on Chainlink, if we managed to break it successfully you must enter in a long as we will be hitting ATH from here.
The projected move from the breakout would be around 57 and if we break ATH then the parabolic movement won't stop at all.
Double Bottom at DYDX 💰Analyzing DYDX we are starting to see volume kicking in right now. Looking very very nice for DYDX to start breaking that $18.
As soon as we break through the resistance this will be a major support.
In my opinion it's very likely that we will be hitting ATH in the next few weeks, but the first target would be around $22.
Keep your trading simple guys, have exit targets, protect your positions ...
Five Minutes On A 5m Futures Strategy (5 Thirty-Four)In tonight's fall back, daylight savings edition of the Futures Outlook, I revisit briefly a trend trading futures strategy I've named the 5-Thirty-Four. The ingredients are a 5 minute candle and a 34p EMA. Add a dash of VWAP bands and you've got everything you need. Then I look at the ES channel that's been in place for the past month that gives us a potential extension this week to 4740.
Be sure to check the links below the idea for how you can learn the 5-34 strategy in a risk-free demo/paper account in the live stream TDG ProTrading Room.
Stay Green and Trade Like You Mean It!
LUNAUSDT 1DHi everyone
With the price crossing the 52.36 ceiling, we can expect an increase to 61.92, and if it stabilizes above 61.92, we will expect a further price increase
If the price can not cross the specified resistance, we can expect a price reduction to the range of 48.39 and 46.20, and if the price stabilizes below these supports, we can see a further reduction in price
Good luck