Weekly Outlook! 3/1 - 3/5Here we go over last weeks video and we take a look at a few things we are keeping an eye on for the coming week!
Moving Averages
How to import Quandl data into TradingViewQuandl is a data library with all sorts of useful macroeconomic data. Unfortunately a lot of it you have to pay for, but there are also many data series you can access for free, including the "Blockchain" library with lots of useful data such as Bitcoin transaction fees.
To access Quandl data, go to quandl.com. In the left-hand column, check the "Free" box to ensure your search results include only free data sets. Then type what you're looking for in the text box (e.g. "US wages" or "Bitcoin transaction cost"). Click the name of a data set in the search results. You should now see a chart. On the right hand side of the chart, click the "TradingView" button to import to TradingView.
For an example of how to use this data, watch the video or check out my previous idea on Bitcoin transaction fees as a predictor of Bitcoin's price:
NZDUSD Long | Simple Renko Momentum StrategyDISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Take Advantage of Tradingview Alerts! (TUTORIAL)Many Options are available for custom tailoring your Alerts so that you can make sure you don't miss out or loose money! Quick crash Course on how to utilize these alerts on your indicators so you can keep an upper hand as you scan the markets
XRP - Scalping / Near term price predictionHello Traders
A Quick video update on XRP. I'm also taking you through my process when I'm trying to determine the direction of the price in the near term.
Trade Safe and Best Regards
Evelyn
AUDUSD Short | Using Renkos to determine direction and momentum!DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
New Swing Short In S&P 500 FuturesIn this morning's video, I talked about the risk shifting to the downside in the short/intermediate-term for equities and other risk assets. Using this test of resistance in many of the major indices to get short and look for a move back towards the low of the day. Reward/risk is about 4:1, and the risk is well-defined against the highs of the last hourly candle. Risking about $65 to make ~$300. Stop and target order in...letting it play out from here.
Tips and Tricks to create an EMA Crossover SystemIn this video I show you how to set up an EMA Crossover system as proscribed by Market Wizard Ed Seykota:
-How to find what EMA lengths to use
-How to reduce whipsaws
-How to read the strategy results
-What type of risk to use and how to limit drawdown
-How to deal with higher fees
-How to set up the alerts when you find a good EMA length combination
Summary:
-I've programmed the above methodology: search for "EMA Crossover" in the indicator search and pick the author "gregoirejohnb".
-The Slow EMA should be 3x the Fast EMA
-To take more trades: DECREASE the Length
-To take fewer trades: INCREASE the Length
-To reduce whipsaws: INCREASE the multiplier
-Test a Long Only strategy on historically strong markets
Remember, there are no magic numbers so don't stress over the "perfect" EMA lengths. Get the settings that look good to you with enough profit and as low of drawdown as possible, and then go trade. The secret to trading is limiting your risk!
AUDNZD Long - Patience is KEY!DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Trading Mean Reversion & Rangebound MarketsIn this video, I outline the characteristics of environments where I'm looking for mean reversion and rangebound trades. I define what constitutes a rangebound market and how I should trade these setups from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Trading Subsequent Breakouts In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to buy subsequent breakouts for a day/swing trade. I define what constitutes a breakout and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Trading Subsequent Breakdowns In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to sell subsequent breakdowns for a day/swing trade. I define what constitutes a breakdown and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Selling Strength In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to sell strength within an already established trend for a day/swing trade. I define what constitutes strength and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Trading Initial Breakdowns In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to sell initial breakdowns for a day/swing trade. I define what constitutes a breakdown and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Buying Pullbacks In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to buy a pullback within an already established trend for a day/swing trade. I define what constitutes a pullback and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
Trading Initial Breakouts In Trending MarketsIn this video, I outline the characteristics of environments where I'm looking to buy initial breakouts for a day/swing trade. I define what constitutes a breakout and how I should trade it from an entry, stop, and target perspective. This is part of an effort to more clearly define my trading plan so that I only need to focus on execution during market hours.
USDJPY Short - VIP Renko Master Sneak Peek!DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
GBPJPY Opportunities - Where to go trend and counter-trend ; )DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
How to determine the direction of the next move in BTCUSD!DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
