Futures Day Trading with Volume ProfileToday was yet another amazing trade off a long term volume profile level for over 50 points on the CME_MINI:ES1! S&P500 E-mini futures.
I want to document these trades as teachable moments because I think Volume Profile is an absolutely amazing tool that should be in ever trader's toolbox!
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Its ok to take a LOSSThis video breaks down how its ok to take a loss even when our plan does work out in the long run. We have to be able to maintain these good risk management habits even if we are eventually right. Because in the event we aren't right on the end we have a much heavier loss that's harder to recover from.
3 Reasons Below On Why You Should Not "Bag Hold"Ico Investors are increasing this year
Traders in crypto are in for a rude wake-up because there is so
many opportunities in this market
Watch out for Buying at the wrong time.
Remember that too much Greed to keep profit for more than a day will
destroy your profits
if you buy at the wrong time you will lose all your money this is called bag holding
Look for a way to learn more below
Buy at the right time
Dont follow the hype
Jump on the rocket then parachute at the top while taking profits
Rocket boost this content to learn more
**Disclaimer:**
The information provided above or below is for educational and informational purposes only.
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It does not constitute financial advice, and trading always involves
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a risk of substantial losses, regardless of the margin levels
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used. Before engaging in any trading activities, it is crucial to
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conduct thorough research, consider your financial situation,
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and, if necessary, consult with a qualified financial advisor. Past
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performance is not indicative of future results, and market
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conditions can change rapidly. Trading decisions should be made
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based on careful analysis and consideration of individual
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circumstances. The user is solely responsible for any decisions made
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and should be aware of the inherent risks associated with trading in
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financial markets.
TradingView Masterclass: The power of Bar Replay🚀 Unlocking Your Trading Potential with Bar Replay on TradingView
In the whirlwind of trading, having ace tools up your sleeve can dramatically shape your strategy and success. The spotlight shines bright on TradingView’s Bar Replay feature, a gem that offers a rewind on market movements, setting the stage for strategic mastery. Let's dive into what makes Bar Replay a must-use for traders eager to refine their game.
🕒 Understanding Bar Replay on TradingView
Bar Replay is one of TradingView's standout features, allowing traders to select any point in history on their chart and watch the market's movements replay from that moment. It's a game-changer for visualizing price actions and volume changes without the stakes of live trading. Whether you're aiming for an in-depth analysis or a quick market recap, the adjustable speed of Bar Replay caters to all your needs with unmatched flexibility.
🤿 Why Dive into Bar Replay ?
The magic of Bar Replay lies in its exceptional ability to simulate market scenarios, offering a practice ground for strategy testing and gaining insights from historical market behavior. Newcomers find a safe space to learn and experiment, while the pros get a robust tool for refining strategies. Our tutorial video steps it up by walking you through practical uses on a top company's chart—marking crucial levels, applying indicators, and making trade decisions, all within the Bar Replay environment.
✨ Conclusion: ReplayYour Path to Trading Excellence
Bar Replay isn't just another tool; it's your companion in the quest for trading excellence, turning theory into actionable insight. Whether you're just starting or fine-tuning your strategy, it bridges the gap to more informed and decisive trading.
Ready to explore Bar Replay 's power and make each session a step closer to your trading goals? Let's embark on this journey together.
❓ Ever tried Bar Replay in your trading adventures?
We're all ears! 📢 Whether it's been a strategy game-changer or you're navigating its integration, drop your stories below. Let’s navigate the market's waves together.
💖 TradingView Team
PS: Check out our other Masterclasses in the Related Ideas below 👇🏽👇🏽👇🏽 and give us a 🚀 and a follow if you don't want to miss any of our future releases!
Double EMA Strategy...For Beginners Hey Rich Friends,
Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them.
Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio.
If you are still struggling to find a SIMPLE strategy that works for you, try using this Double EMA strategy that I apply to my trades. Let me know what you think and if it works for you!
Today we will cover:
1. How to use EMAs on Tradingview
2. Double EMA Strategy
3. Feel confident taking a buy or sell in Forex trades
4. Trade with the trend
Peace and Profits,
Cha
Where to Put Your TP and SL | Learn in 10 MinutesHey Rich Friends,
This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do:
1 . Identify the overall trend of the market.
It is important to understand that a Selling market will look like a roller coaster going up, have more red candles and it will continue to create Lower Highs and Lower Lows. A Buying market will look like a roller coaster going down, have more green candles, and continue to create Higher Highs and Higher Lows. This is very important.
2 . Collect my confirmations for the potential trade. Here are some questions I ask myself:
- What color is the current candle?
- Are the candles above or below my EMAs?
- Have the EMAs crossed?
- Is my Momentum indicator facing up or down? Is it positive or negative?
- Is my Stochastic facing up or down? Is the Indicator's financial value above 50?
These are the answers you should get:
- Bullish/Buying: Green, Above, Up, Over, Higher, and Positive
- Bearish/Selling: Red, Below, Down, Under, Lower and Negative
3. Enter the market at Market Execution or set a Pending Order.
4. Choose my TP and SL using the Long position tool for buying and the Short position tool for selling.
Buys: Place TP above previous high and SL below the previous low
Sells: Place TP below previous low and SL above the previous high
- Peace and Profits, Cha
A Good Practice Destroys ItselfWe take on a discipline to do something we don't naturally do or want to do. We set some rules that will be uncomfortable and ride out the restless energy.
Keep in mind that a good practice destroys itself, the whole point of a discipline is to get to the point where we don't need the discipline anymore. That is called transformation and it takes time.
By being consistent with discipline over time, the reactionary impulses begin to die down and you will find yourself more balanced. This is where true intuition can begin to show up.
At some point, you might see where one of your strict rules doesn't make sense for a trade and if you come from a balanced mindset, you can make a commonsense decision about it.
This kind of thing is testable if you have an objective method. You test your intuitive results against the objective method results. This is all a one step forward, 2 step back kind of thing and takes time to develop. If you're in a rush, this tells you you're not balanced and need to keep the steady discipline.
Shane
What I mean when I say "Activate an algorithm" - Quick TutorialThis should be helpful for anyone looking to understand further what I define as an activation of an algorithm.
This candle on the hourly is a beautiful example after my video this market where I said we want to see yellow "activated". It is basically proof that price is now respecting and following that algorithm/channel and this is so important to understand for my analysis and trading style.
Always here to answer further questions for those who are interested in learning more!
Happy Trading :)
Live stream - Motley Fools Picks with Generic Indicators!Witness firsthand how basic indicators and entry techniques can unlock the potential of stock picks sourced from a simple Bing search. Learn to harness the magic of generic indicators to capitalize on diverse movements across stocks, futures, and ETFs.
Trade Entry and Management Techniques Using Swing High PivotsIn today's video idea, we will delve into a comprehensive strategy for trade entry and management, centered around utilizing swing high pivots as crucial reference points. We will also explore the effective integration of technical tools such as Outer Bands, ribbons, and Target View Trades (TV-Trades) to enhance precision in trading decisions. By the end of this tutorial, you will gain valuable insights into determining trade viability and optimizing trade execution.
Understanding Swing High Pivots:
Swing high pivots serve as pivotal landmarks in market analysis, offering valuable insights into potential trade setups. When identifying swing high pivots, focus on significant price peaks that indicate potential trend reversals or continuation points. These points will serve as key references for evaluating trade opportunities and managing risk effectively.
Trade Entry Strategies:
Utilizing swing high pivots as reference points, assess the market conditions to determine the viability of trade entry. Look for confluence with other technical indicators such as Outer Bands and ribbons to validate trade setups. Prioritize trades that align with the prevailing market trend and exhibit strong momentum, increasing the probability of success.
Managing Trades:
Once you enter a trade, it is essential to implement effective management techniques to optimize profitability and mitigate risks. Continuously monitor price action relative to swing high pivots and technical indicators to gauge trade performance. Implement trailing stop-loss orders to protect profits and minimize potential losses as the trade progresses.
Integration of Technical Tools:
Explore the functionalities of technical tools such as Outer Bands, ribbons, and Target View Trades (TV-Trades) to refine trade entry and exit points further. Outer Bands provide larger trend information, aiding in direction, trade confirmation and risk management. Ribbons offer visual cues for trend direction and momentum, enhancing trade precision. Target View Trades (TV-Trades) provide a systematic approach to identify optimal entry and exit points, facilitating disciplined trading execution.
Conclusion:
Mastering trade entry and management techniques is essential for navigating the dynamic landscape of financial markets successfully. By incorporating swing high pivots and leveraging technical tools effectively, traders can make informed decisions, capitalize on lucrative opportunities, and achieve consistent profitability in their trading endeavors. Continuously refine your skills through practice and experimentation, adapting to evolving market conditions for sustained success.
Full Explanation How To Find H&S Pattern And How To Use It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The Wash and Rinse To See True Support/ResistanceTrue support and resistance is found in the meat of the move, not at the extreme highs and lows. To find it, Simply draw a zone or box and look for the place that price touches the most, and then pay attention to what happens afterward.
In this lesson, I set up a trade plan and show how a Wash and Rinse structure at the pivot of a swing uses the most touches to find true support in a market. I then show how to identify it.
The Wash and Rinse has a process that we can follow in real-time.
1. Multi-Pivot Line (MPL)
2. Zoom through the MPL
3. Come back and retest the MPL
4. Zoom back through the MPL the other way
What happens in this process, is that buyers are holding some level. Price then busts that level triggering stops and at the same time encouraging shorts to enter. Then price rips back up essentially cleaning the book of orders and showing where the true support is (at least for the time being).
Once you can recognize this structure, you can begin making your own observations and use these levels to read a market or begin to build a setup around it. The most important part is to learn to design a plan with objective rules around what you observe.
Shane
Tracking The Footprints of WRB GapsThis is the first in a series of posts on Gaps. Gaps are a sudden supply/demand imbalance that shows up in the price bars of a chart, It's the expansion that comes after a contraction. Gaps will show us a significant area of buyers/sellers that take control and when they lose that control.
In the video, I discuss and define a Wide Range Bar (WRB) Gap and show how to mark it out on a chart. A WRB Gap is a bar larger than the last 3 bars with a space between the previous bar and the subsequent bar. We will be marking the base of the gap. If it's an up Gap, mark out the bottom 1/3 of the bar, if it's a down gap, mark out the upper 1/3 of the bar.
We can then make observations about how price interacts with the base of this gap when or if it gets there. Then begin to notice where in the swing process the Gap is happening. Don't make conclusions, just observe and learn.
There are many ways to trade Gaps but first, we must first lay out some foundations and then come up with objective ways to see them. For now, simply look for the biggest ugliest bars on your chart and mark them out and observe. These are footprints that we can follow and track.
Shane
One-Line Practice: Set Yourself Aside and FollowIn this video, I set up a trading plan and introduce a trend line exercise you can practice in any market and in any time frame. There is no one right way to draw a trend line, it's a matter of function and what you are trying to see. We will be drawing a trend line off two relative (same size swings). This will identify the footprints of organized volatility on a chart.
This exercise is designed so that you can learn about markets and price flow in your own hand. Its objectives are:
1. Learn to isolate relative market structures.
2. Learn to set yourself aside and follow price no matter what price is doing.
3. Allow the practice and price flow to teach you.
We first need to make some objective swing definitions:
Confirmed Swing High/Low: A new high confirms a swing low and a new low confirms a swing high.
Balanced/Relative Swing: Same size reaction legs.
One Line Practice Instructions:
1. Identify two confirmed relative (same size reaction legs) swings.
2. Anchor a trend line at the two lows and make observations (not expectations) about how price interacts with the line.
3. Always follow the last two relative confirmed swings with the trend line.
4. Draw a box across the top of each swing and observe how price interacts with the boxes.
By identifying two same sized swings that confirmed new highs, we have found some organized volatility and behavior. We can then participate in that continued behavior or have a way to know when it changes.
Shane