BTCUSD Buy (to 20k) and exaclty how we enter tradesThis tutorial explains how we take trade entries, its as simple as this!
We use a complete trading system that governs every aspect of our trading, from entry to exit. We put high emphasis on position sizing and we only use the Fibonacci retracement to enter trades
Oscillators
Coding Indicator in Tradingview from InspirationSo today is rest and research Sunday and I wanted to share with folks how I go about creating new strategies and indicators. Hopefully this can teach traders to fish rather than giving them just the fish (of a buy/sell signal!)
I was inspired by watching a Youtube podcast Desiretotrade by Etienne Crane where I saw on his chart arrows indicating where price closed outside of a Bollinger Band followed by price closing back inside. This made me want to test such a price action phenomenon myself and to do that I needed to code it up.
I'm really a hacker when it comes to programming and Pine Script but I began coding from ZERO knowledge and my tricks, which I share, should hopefully help new Tradingview/Pine Script coders. GOOGLE IS YOUR FRIEND!!! It has all the answers if you just type the correct search :)
Unfortunately, I did not realize that Tradingview cuts off videos at 20 minutes. Oops! I got the meat of the indicator and process of using it all recorded and got cut off as I was cleaning up the code to make it more user friendly. I'll know to keep track of time for the next video!
Please let me know if this was helpful to traders... I get motivated by positive vibes to do more teaching!
EURGBP LONG / Breakout and retracement to a key levelThe video explains exactly why we are long on EURGBP this morning, but it also details our trading system and explains exactly how we trade.
The main point is that we only enter on the Fibonacci retracement, but we use it a little different than everyone else!
Anyway, enjoy the video... more posts coming later
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.
NZD_USD TRADING PLAN|RSI DIVERGENCE| TOP DOWN ANALYSIS
NZD_USD is facing confluence of massive resistance levels on daily.
Also, there is an RSI divergence present and the pair is overbought.
So I am bearish biased.
You might sell now in a risky mode with 8:1 risk reward
Or wait for the channel breakout and sell on pullback with 4:1 risk reward.
Thank you for watching.
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Trade Setup Update for USD/CHFHello Traders,
A few days ago I posted a trade plan for buying USD/CHF once price action broke and held above with the candle body to consider a possible long position. For those of you that maintained your patience, good job - the trade finally developed and yielded a decent return for our discipline.
RISK DISCLAIMER:
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Warm Regards,
~Michael Harding
USDCHF Trade Setup - RSI Divergence with Price-ActionHello Traders,
Another decent setup for USDCHF. Limited target of only 20 pips but seems likely at this point. This is the currency market so conditions could change unexpectedly.
Before making any trading decision, understand the risks involved.
Trade Safe - Trade Well
Cheers!
The Holy Grail of RSI - How to use RSI Effectively 4 BIG PROFITSHello Traders,
This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading.
Trade Safe - Trade Well
~Michael Harding
MACD Indicator strategy to Increase Winnings(Beginners Friendly)Hi friends, today I bring you an educational video on how to us the MACD secret strategy to catch and filter trend signals.
Thanks for constantly supporting use with your likes and follows
QUICK RECAP OF THE STRATEGIES:
MACD HISTOGRAM:
*How to find and anticipate the MACD Signal cross before they happen,
*How to use the histogram to predict Strong trend reversals
*How to calculate the MACD
*EASILY Confirm consolidation breakouts
THE LAST ASPECT OF THE VIDEO
please note:
The last aspect of the video is how to use the TREND FILTER for BUY & SELL Signals
to do this you will need to use the Higher timeframe for your entry.
Using these two important criterial:
1, If higher timeframes MACD line crosses ABOVE the Signal line this shows that buyers are in control =BUY/ LONG Bias
2, If higher timeframes crosses BELOW the Signal Line , this means the Bears has taken power over the market = SELL/SHORT Bias
so in other words,
*if you trade 1Day Chart Timeframe, you will use the WEEKLy chart Timeframe to find MACD Cross for your entry.
*If you trade 4Hours Chart Timeframe, You will use the DAILY chart Timeframe to find MACD cross for your entry
*if you use 1Hr chart Timeframe, you will use the 4HOURS chart timeframe to find MACD cross for your entry
Thanks for liking and your support. You can join the MFT house to improve and polish your trading skills for free.