Community ideas
Understanding Trend Analysis, SMT and ICT ConceptsIn this video, I'll delve into the concept of Institutional Market Structure, a vital tool for trend analysis. Specifically, we'll explore the Smart Money Tool/Technique (SMT), which provides insights into whether a market will continue its trend or potentially reverse. Understanding these concepts is crucial for effective trading strategies. Sit back, relax, and enjoy the video!
Please do leave any questions in the comment section if you have any.
Kind Regards,
The_Architect
Bitcoin Broke New High – The Real Reasons Behind ItThe relationship between inflation and Bitcoin - they moves in tandem together, in the same direction.
We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend.
Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for this rally is the resilience of US inflation, meaning the inflation is still pretty stubborn, not coming down to the 2% target.
Micro Bitcoin Futures & Options
Ticker: MBT
Minimum fluctuation:
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
The Gap Between What Is and What Will BeThere are 5 basic ways to trade a Gap or any line. In this video, I discuss two ways to enter the market using a Gap before I make the trade plan. The Gap entry techniques by themselves are of little use, but if we make a few distinctions in market structure and the process of a swing cycle, they can become functional.
Swing cycles have a process that they go through. As long as we understand that process we can view Gaps in the light of where they happen in that process. I'm going to focus these two Gap entry techniques in the lower portion of the reaction leg at the bottom pivot of a swing. The Gaps are what make up the pivot portion of the swing.
If you observe markets and swings you will often see this distinct pivot portion of a swing, it looks like a U at the bottom of a reaction leg as the buyers wrestle control back from the sellers.
Shane
Finding MACD Crossovers On TradingViews Screener 2.0The MACD is one of the most often used indicators by traders of all levels due to its ability to communicate a wide variety of signals such as momentum, value, change of direction etc.
Here is how to use TradingViews new 2.0 Screener to easily spot and get alerts for stocks that meet these conditions.
If I was to make this video again, what I would do is instead of showing stocks that have JUST crossed today. I would show stocks that have crossed but are still below the zero line - so they may have had a couple of days of momentum to show the strength of the change in direction.
You can of course take this same approach with pretty much any common indicator and settings you wish to apply.
Hope its useful.
High Volume Times to Trade / Part 2 🔢Hello Traders welcome back to another concept video. This is the second video in our series -- High Volume Times to Trade --
We talk about
1) 4Hr Candle Opens/Closes
2) New York Stock Exchnage Open
3) London Close
Scalping/Intra-day trading during these times, in my experience, can provide unique opportunities to profit on Eur/Usd.
Similar to Part 1 of our series, these additional times to trade can provide that extra volume for
1) a nice continuation of the preceding trend
2) a short-term reversal of the preceding trend
and 3) act as a catalyst for the beginning of a higher timeframe trend
SPG - Trade analysis & Multi-time frame confluenceThis video is more of a tutorial on why I took a short trade on SPG today. We fell out of our strong buying continuation channels with a rejection of HTF tapered channels and selling channels. Confirmation was the support from our more tapered buying algo and rejected of the bottom of our stronger buying algo (in addition to it lining up with our strong magenta selling channel)
Happy Trading :)
XAU - Understanding how to analyze Multiple Time FramesYes - This way of seeing price action works on any time frame and in any market -
Why? - Because it's using basic understanding of how the market works and utilizing these channels as a way to see the strength of buyers and sellers at any given price. In a way, it's a third eye (Price, Volume, Strength). Utilizing this alongside any indicators you'd like to add can lead you to real vision in the crazy and "unpredictable" world of trading.
I personally don't use any additional indicators aside from straight up Volume - and that's what works best for me. But if you can find confluence with any of the thousands of indicators out there, that's amazing and i'm sure you'll be able to find real success.
Hope this was helpful! And as always,
Happy Trading!
TradingView Screener Update - Now with CHART views !!!This has to be one of the best updates on TradingView in a while - certainly from my perspective.
The TradingView Screener was what initially brought me to using TradingView to be able to quickly and easily filter thousands of stocks down to just the handful that met my criteria and that I wanted to research further to look at investing in.
If you have ever had to rely on signal services or other people to tell you what and when to buy and sell, I would STRONGLY recommend you spend some time on the screener.
No matter how you like to trade - technicals, fundamentals, indicators, price action, RSI, MACD, volume etc etc, the TradingView Screener can quickly help you narrow down any stocks that meet your criteria.
Well worth exploring.
Great update by the team!
Determining the Daily Bias / EurUsd Example 📋How do we create a Daily bias to organize our trades ideas?
After all, we want to implement our trades with confidence so that we can manage them as best we can. A Reasonable daily bias can guide us through the volatility and mayhem of intra-day market behavior.
In this video I go through a few hindsight examples and also touch on the current market environment.
ICT Unicorn Model - The powerful ModelThe Unicorn entry model in the ICT method combines the concepts of the Breaker Block and the Fair Value Gap, providing a unique approach to identifying trade opportunities. This combination highlights a future area of support/resistance.
A Bullish Unicorn Pattern consists out of:
A Lower Low (LL), followed by a Higher High (HH)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern.
A Bearish Unicorn Pattern consists of:
A Higher High (HH), followed by a Lower Low (LL)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern
In this trading idea, I would combine the movement of DXY and GU/EU to explain the correlation and divergence (ICT SMT). Futhermore, I want to share how powerful the ICT Unicorn Entry Model is.
Live stream - Trading with TradingView | Peggy | 5 March 2024📈Trading with TradingView | Peggy Srikitsadarom | 5 March 2024
- How do you connect your brokerage account to TradingView?
- Understanding the order panel
- Placing trades through tradingview
- Monitoring your positions
- Tips and tricks to trade better
Analyzing central bank decisions and economic data releasesAnalyzing central bank decisions and economic data releases is crucial for GBP/USD (British Pound/US Dollar) traders as these events often have a significant impact on currency prices. Here's how you can effectively analyze central bank decisions and economic data releases:
**1. Central Bank Decisions:**
- **Interest Rate Decisions:** Monitor announcements from central banks, particularly the Bank of England (BoE) and the Federal Reserve (Fed), regarding changes in interest rates. Interest rate decisions influence currency valuations by affecting capital flows and investors' perceptions of a country's economic outlook.
- **Monetary Policy Statements:** Pay attention to central bank statements accompanying interest rate decisions. These statements provide insights into policymakers' views on economic conditions, inflationary pressures, and future monetary policy actions.
- **Forward Guidance:** Analyze forward guidance provided by central banks regarding future policy direction and interest rate trajectory. Changes in forward guidance can impact market expectations and influence GBP/USD price movements.
**2. Economic Data Releases:**
- **Key Economic Indicators:** Stay informed about scheduled economic data releases, including GDP reports, inflation data (CPI and PPI), employment figures (non-farm payrolls, unemployment rate), retail sales, manufacturing PMI, and housing data. These indicators offer insights into the health of the UK and US economies, influencing currency valuations.
- **Market Consensus and Expectations:** Understand market consensus forecasts for economic data releases. Compare actual data releases with market expectations to assess whether the data surprises positively or negatively. Discrepancies between actual data and expectations can lead to significant market reactions.
- **Revisions and Historical Data:** Consider revisions to previous data releases and analyze trends in historical data. Revisions to economic data can impact market sentiment and influence GBP/USD price movements, especially if they deviate from initial estimates.
**3. Analytical Approach:**
- **Fundamental Analysis:** Incorporate fundamental analysis techniques to assess the overall health of the UK and US economies, including factors such as economic growth, inflation, employment, consumer spending, and monetary policy.
- **Impact on Monetary Policy:** Evaluate how economic data releases may influence central bank monetary policy decisions. Stronger-than-expected economic data may prompt central banks to consider tightening monetary policy, while weaker data may lead to accommodative measures.
- **Market Sentiment:** Monitor market sentiment and investor reactions to central bank decisions and economic data releases. Market sentiment can play a significant role in driving short-term fluctuations in GBP/USD prices, especially during periods of heightened uncertainty.
**4. Risk Management:**
- **Volatility Management:** Exercise caution and implement appropriate risk management strategies to mitigate potential losses during periods of increased volatility surrounding central bank decisions and economic data releases. Consider using stop-loss orders, position sizing, and diversification to manage risk effectively.
By effectively analyzing central bank decisions and economic data releases, GBP/USD traders can gain valuable insights into market dynamics, identify trading opportunities, and make informed decisions that align with their trading strategies and risk tolerance.
Incorporating economic calendars into trading analysisIncorporating economic calendars into trading analysis is essential for GBP/USD (British Pound/US Dollar) traders as it helps them stay informed about upcoming economic events, announcements, and data releases that can significantly impact currency prices. Here's how traders can effectively integrate economic calendars into their trading analysis:
1. **Stay Updated on Key Economic Events:**
- Regularly check economic calendars to stay informed about scheduled economic events, including central bank meetings, interest rate decisions, GDP releases, employment reports, inflation data, and other economic indicators relevant to GBP/USD.
2. **Identify High-Impact Events:**
- Focus on high-impact events that have the potential to cause significant volatility and price movements in GBP/USD. These events typically include central bank decisions (e.g., Bank of England monetary policy meetings), major economic data releases (e.g., UK GDP, US non-farm payrolls), and geopolitical developments.
3. **Plan Ahead:**
- Plan your trading strategy and position management around scheduled economic events. Consider adjusting your position sizes, setting stop-loss orders, or avoiding trading altogether during periods of high volatility, especially around major economic releases.
4. **Understand Market Expectations:**
- Pay attention to market expectations and consensus forecasts for upcoming economic releases. Discrepancies between actual data and market expectations can lead to significant market reactions and trading opportunities in GBP/USD.
5. **Monitor Currency Correlations:**
- Understand the potential impact of economic events on GBP/USD and its correlation with other currency pairs, such as EUR/USD. For example, a positive economic report for the UK may strengthen GBP/USD but weaken EUR/USD due to diverging monetary policy expectations.
6. **Use Event-Based Trading Strategies:**
- Implement event-based trading strategies that capitalize on anticipated market reactions to economic events. For instance, traders may adopt a "buy the rumor, sell the fact" approach, where they enter positions based on market expectations before the event and exit once the event occurs.
7. **Stay Flexible and Adapt:**
- Remain flexible and adapt your trading strategy based on real-time market developments and unexpected outcomes of economic events. Be prepared to adjust your positions and risk management strategies accordingly to navigate volatile market conditions effectively.
8. **Utilize Risk Management:**
- Prioritize risk management and ensure you have appropriate risk controls in place to mitigate potential losses during periods of heightened volatility surrounding economic events. Consider using stop-loss orders, limiting leverage, and diversifying your trading portfolio to manage risk effectively.
By integrating economic calendars into their trading analysis, GBP/USD traders can stay informed, anticipate market movements, and capitalize on trading opportunities while effectively managing risk during periods of increased volatility surrounding economic events.
Position Sizing: Learning to Lose
Position sizing is one of the components of a trading plan, and it's important to be just as disciplined and consistent with this as with all other parts of the plan. Position sizing is defining how much we will risk for each and our objective is to consistently get the most profit with the least amount of risk.
So, how much should you risk per trade? There is no one-size-fits-all answer, but to manage our risk consistently, we must establish simple, objective, and common-sense rules grounded in the realities of trading.
Let's take a look at some of those realities
• As traders, we should expect to lose more often than win and must learn how to manage
losses effectively.
• At some point, we will face drawdowns with many consecutive losses.
• Successful trading results from a series of many trades and the compounding of gains,
not just from being right on one or a few trades.
In the video, I will show a simple guideline for calculating how much to risk per trade based on your risk tolerance over a series of trades and a drawdown number. I'm going to give you a default drawdown of 30 consecutive losses.
For example, if you have a $10,000 account and don’t want to lose more than 15% ($1,500) of your account in drawdowns, you would divide $1,500 by the default drawdown of 30 stops, which would give you $50 per trade (1/2% of the account per trade). This plan allows you to lose 30 times in a row while staying within your risk tolerance. This doesn’t mean you have to risk the entire $50 per trade; consider it a maximum amount.
If you are relatively new to trading or still fine-tuning your approach, I suggest trading very small amounts. Less than 1/4% of your account balance. Choose what feels comfortable and stick to it consistently. This allows you to make many trades while learning and not damage yourself. Be deliberate and create a plan to earn the right to size. For instance, require at least a small profit after two months and comfort with your method before incrementally increasing your risk per trade. Repeat this process every two months before increasing your size again.
It's this kind of work that helps to balance your psychological mindset. You don't get that from books about trading psychology, you get it from grounded and deliberate practice.
Use my position sizing calculations as guidelines and adjust accordingly. Once it is set, be consistent in what you do.
A further breakdown of how I read the market and all the "lines"Key words to understand:
- Tapering
- Liquidity
- Tapering
- Tapering
It's important to understand how liquidity plays a role in moving price and what it actually means. In order for price to make a solid move anywhere, there has to be liquidity built up for price to grab (use) to break out of strong resistance levels (i.e. levels with lots of sellers ready to short when price gets there).
Tapering is a way of seeing a lack of liquidity by a certain side - if we begin tapering from a strong buying channel to a less strong buying channel, it typically means we are lacking liquidity to break out of that strong selling level (i.e. the top of a more tapered channel acts as a level of resistance because the more tapered it is (or the more horizontal it is), the more it lines up for all sellers to get in at the same price win the battle.
This all makes so much sense to me and it is the key for you to unlock the market . To be able to tell a story in every chart and understand who is in charge, why there in charge, and what each side has to do in order to win their next battle.
Please reach out with any questions, comments, etc. I am here for you !
Happy Trading :)