Community ideas
Trade Like A Sniper - Episode 49 - GBPSGD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing GBPSGD, starting from the 3-Month chart.
If you want to learn more, check out my profile.
Trade Like A Sniper - Episode 48 - HKDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing HKDTWD, starting from the 3-Month chart.
If you want to learn more, check out my profile.
Trade Like A Sniper - Episode 47 - USDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDTWD, starting from the 4-Month chart.
If you want to learn more, check out my profile.
+4R Tricky NZDUSD BreakdownAnother trade breakdown
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Solution to a WEEKLY PUZZLE, check your version!Here's a solution, thank you very much for participating and for your answers. They key point of this puzzle is that unclear and choppy markets tend to remain unclear and choppy and it doesn't make sense to predict them, since you'll have a lot of losers and fake signals. More in the video!
Sending Tradingview Alerts Directly To TelegramHello,
To send alerts from Tradingview to Telegram we usually need third party programs to connect the two , while using the third party services there are few problems that you will encounter , one of them is the speed of process another one being that sometimes the alert is not sent to Telegram and there is usually a cost in using such programs and you are also sending your information to the third party .
this video will teach you a new method that does not use a third party program and allows you to send the alerts directly from Tradingview to Telegram.
A Trading Plan Is Important For Success - Here Is MineIn this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.
Trade Like A Sniper - Episode 46 - USDPLN - (17th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDPLN, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
Trade Like A Sniper - Episode 44 - EURNOK - (17th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURNOK, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
A Very Short Course On Action/ReactionThe concept of Action and Reaction Lines is not frequently used by traders. If you browse
through the Technical Analysis literature you can see that this topic has seldom been addressed.
The first person to mention it was Roger Babson, followed by Dr Alan Andrews. Both of them
made use of this particular technique with huge success, making profits of millions of dollars.
In this short video i tried to show some examples on recent OANDA:EURUSD price action.
thanks for watching.
How to Get into an Entry after the setup is passedIn the world of investing, it is not uncommon to come across a missed trade setup that tempts investors to make impulsive decisions. However, it is important to remain disciplined and avoid falling into the trap of #FOMO (Fear Of Missing Out). For instance, if an investor misses a trade setup on Ethereum ( CRYPTOCAP:ETH ), instead of rushing in with a full position, a more prudent approach would be to enter with half the intended position. This allows the investor to participate in the trade while minimizing the risk of committing too much capital at once.
Once the initial entry is made, it is crucial to implement a strategy known as Dollar Cost Averaging (#DCA). This involves gradually increasing the position size by buying more ETH over time. By using DCA, investors can mitigate the impact of short-term market volatility and avoid making rash decisions based solely on emotions.
To effectively implement DCA, it is important to maintain the original stop loss level. This means that even if the price of ETH decreases after the initial entry, the stop loss order should remain at the predetermined level. By sticking to this plan, investors can ensure that their risk management strategy remains intact and that they do not expose themselves to unnecessary losses.
In summary, when faced with a missed trade setup on ETH, it is crucial to resist the urge to FOMO in with a full position. Instead, entering with half the intended position and utilizing Dollar Cost Averaging can provide a more measured and disciplined approach. By maintaining the original stop loss level throughout the process, investors can enhance their risk management and increase their chances of success in the long run.
Swing Trading - Using Market Side and Opening Range FiltersSwing trading is a short-term strategy where traders aim to capitalise on small price movements within a financial instrument over a specific period. The goal is to capture gains from these "swings" in the market rather than focusing on long-term trends.
In this example, I am trading the GBP/JPY using the market side and the session opening range as filters to determine high probability trading direction:
Market Side: This helps to identify the overall trend or sentiment in the market.
Session Opening Range: This is the price range between the high and low during the initial period after the market opens. It is used to set reference points for potential entry and exit levels.
Here's a simple breakdown:
Below the Market Side and Opening Range: If the price is below both the market side indicator and the opening range, this signals a bearish sentiment, and you look for selling opportunities.
Above the Market Side and Opening Range: If the price is above both the market side indicator and the opening range, this indicates a bullish sentiment, and you look for buying opportunities.
I use the Charts247_WT Custom Indicator Candles for entries and exits, which provide specific signals to enter trades and exit existing positions. This combination of trend filters and entry signals helps improve your trades' accuracy and timing, aligning your actions with the broader market context.
## Catching Spikes on Boom 300 and Crash 300 with Trendlines## How to Catch Spikes on Boom 300 and Crash 300 Indices on Deriv Using Trendlines in TradingView
Catching spikes on the Boom 300 and Crash 300 indices on Deriv using TradingView involves leveraging trendlines to spot potential breakout points. Here's a brief guide on how to do this effectively:
### 1. Setting Up Your Chart
- Open TradingView and select the Boom 300 or Crash 300 index.
### 2. Drawing Trendlines
- **Identify Highs and Lows**: Locate significant highs and lows on your chart.
- **Draw the Trendline**: Connect at least two significant highs for a downtrend line or two significant lows for an uptrend line.
### 3. Spotting Spikes
- **Boom 300 Index**:
- Look for points where the price breaks above the downtrend line.
- This breakout can signal an upcoming upward spike.
- **Crash 300 Index**:
- Look for points where the price breaks below the uptrend line.
- This breakout can indicate an impending downward spike.
### 4. Confirming the Breakout
- **Volume**: Ensure there is an increase in volume during the breakout.
- **Candlestick Patterns**: Look for bullish reversal patterns for Boom 300 and bearish reversal patterns for Crash 300 near the trendline.
### 5. Risk Management
- **Stop-Loss**: Place a stop-loss slightly below the breakout point for Boom 300 and slightly above for Crash 300.
- **Take-Profit**: Set your target based on previous highs/lows or use a risk-reward ratio.
By using trendlines to identify and confirm breakouts, you can effectively catch spikes on the Boom 300 and Crash 300 indices on Deriv with TradingView.
Catching Boom and Crashe on Deriv Tradingview using TrendlinesCatching booms and crashes on Deriv using TradingView involves utilizing trendlines to identify potential reversal points and breakouts. Here’s a short guide on how to do this:
### 1. Understanding Boom and Crash Indices
- **Boom Index**: Represents a market where prices tend to spike upwards occasionally.
- **Crash Index**: Represents a market where prices tend to spike downwards occasionally.
### 2. Setting Up TradingView
- Open TradingView and ensure you have the Boom or Crash index loaded on your chart.
### 3. Drawing Trendlines
- **Identify Highs and Lows**: Start by identifying significant highs and lows on the chart.
- **Draw the Trendline**: Connect at least two significant highs for a downtrend line and at least two significant lows for an uptrend line.
### 4. Analyzing Trendline Breaks
- **Downtrend Breakout (Boom Index)**: Look for points where the price breaks above a downtrend line. This can indicate a potential upward boom.
- **Uptrend Breakout (Crash Index)**: Look for points where the price breaks below an uptrend line. This can indicate a potential downward crash.
### 5. Confirming the Breakout
- **Volume**: Higher volume during the breakout can confirm the validity of the trendline break.
- **Candlestick Patterns**: Look for reversal candlestick patterns near the trendline to increase the accuracy of your prediction.
### 6. Risk Management
- **Stop-Loss**: Set a stop-loss slightly below the breakout point for booms and slightly above for crashes.
- **Take-Profit**: Determine your target based on previous highs/lows or use a risk-reward ratio.
### Example:
1. **Boom Index**:
- Identify recent highs and draw a downtrend line.
- Wait for a candlestick to close above the trendline.
- Confirm with volume and possibly a bullish candlestick pattern.
- Enter a buy trade with a stop-loss below the trendline and a take-profit at a previous resistance level.
2. **Crash Index**:
- Identify recent lows and draw an uptrend line.
- Wait for a candlestick to close below the trendline.
- Confirm with volume and possibly a bearish candlestick pattern.
- Enter a sell trade with a stop-loss above the trendline and a take-profit at a previous support level.
By carefully analyzing trendlines and confirming breakouts with additional indicators, you can effectively catch booms and crashes on Deriv's Boom and Crash indices using TradingView.