Overview of TradingView platformTradingView is a comprehensive online platform designed for traders and investors to analyze financial markets and make informed trading decisions. It offers a wide range of tools and features tailored to meet the needs of both beginners and experienced traders. Here's an overview of the key aspects of the TradingView platform:
1. **Charting Tools**: TradingView provides advanced charting capabilities with customizable chart layouts, various chart types (such as candlestick, line, and bar charts), and a wide selection of drawing tools (trendlines, channels, shapes) for technical analysis.
2. **Technical Indicators**: Users can access an extensive library of technical indicators, including moving averages, oscillators (RSI, MACD), volume indicators, and more. These indicators can be applied to charts to help identify trends, momentum, and potential entry and exit points.
3. **Fundamental Analysis**: TradingView integrates fundamental analysis tools, such as economic calendars and news feeds, allowing traders to stay updated on important economic events, earnings reports, and news releases that may impact the markets.
4. **Screeners and Watchlists**: Traders can create custom screeners and watchlists to track their favorite assets and filter instruments based on specific criteria, such as price, volume, and technical indicators.
5. **Strategy Backtesting**: TradingView enables users to backtest trading strategies using historical data, helping traders evaluate the performance of their strategies before applying them in live markets.
6. **Alerts and Notifications**: Users can set up alerts and notifications based on predefined conditions, such as price levels or indicator crossovers, to receive timely updates on market movements and trading opportunities.
7. **Social Community**: TradingView fosters a vibrant community of traders and investors where users can share ideas, analyses, and trading strategies through interactive features like comments, likes, and public charts.
8. **Integration and Accessibility**: TradingView is accessible through web browsers on desktop computers, as well as mobile apps for iOS and Android devices, providing traders with flexibility and convenience to access the platform from anywhere.
Overall, TradingView offers a user-friendly and feature-rich environment for traders to conduct technical and fundamental analysis, develop trading strategies, and engage with a community of like-minded individuals, making it a valuable tool for traders of all levels.
Community ideas
Understanding Momentum to filter out the Best SetupsIn the video I discuss how I analyse momentum using MACDs and the 5min and 1min charts when daytrading.
Knowing these key concepts helps me filter out the best setups to get on the right side of the market and in the right trading zones.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
HOW TO: Lesson 7- Trader's Phycology Lesson 7 is one the most critical videos for your your success as a trader. Trader's phycology have been studied deeply by the pioneer Mark Douglas. His method have helped a lot of trader and institution to be successful or improve their performance This video explains some fundamentals concerning trader's phycology. Following his guidelines I believe will make you a successful trader.
Context and Learning To Change With ChangeOne of the hardest things for traders, or anyone for that matter, is to adapt to change. Mostly we get stuck when things change, which makes trading difficult since the very nature of markets is change. This is where the cliché 'going with the flow' originates, but simply understanding the cliché isn't enough; we must internalize and practice it and get it in our bones.
In this post, I will outline a trade plan for RNG. This is a part of our '30 Planned Trades' series, where we plan every aspect of the trade ahead of time and then execute what we have planned.
One aspect of a trade plan is the method or setup. Setups don’t happen in a vacuum, there is a context that determines the meaning of the content. I’m going to approach context very simply here as the thing that decides if the market is going up or down.
I often read things about how I should follow the trend or go with the flow or don’t fight the market, but exactly what trend or flow should I follow? It’s too abstract, so I’m going to fix a cycle to follow and learn to let go and change when it changes.
In the video, I show the basics of a simple practice you can try, using a rolling 100-bar cycle to determine if we are looking for long setups, short setups, or in a transitional or neutral phase. I not only want to be precise and consistent in my Trade Plans, I want to be consistent in my methods.
By adhering to a fixed cycle and adapting with changes, I avoid the need to guess or predict market directions, maintaining balance in my approach. Think about this: If you charge your mind with the impossible task of predicting a market when markets are unpredictable, you will end up a nervous wreck and then wonder why your trading is so emotional.
I encourage you to try this practice. Since it keeps you from constantly looking to the left of the chart or at higher time frames for more information, it will likely push you out of your comfort zone into the unknown, which is a good start.
Shane
How-To: Use the TradingView Paper Trading featureTradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾
The video is packed with valuable tips 💡 on making the most of the Paper Trading feature. From initiating your paper trading account to executing trades, tracking your positions, and evaluating your trading approach, this guide is essential for anyone looking to refine their trading skills on TradingView.
Engaging in paper trading means more than just trial runs; it integrates you into a community of well-informed traders. It encourages the prudent, yet proactive mindset advocated by TradingView. Such a strategy distinguishes the most successful traders. 📈
In summary, the Paper Trading feature reflects TradingView's dedication to providing its users with the necessary knowledge 📚 and tools ⚒️ for trading success. It champions the "look first, then leap" approach, ensuring that your venture into trading is informed, confident, and well-prepared. Immerse yourself in the video 🎥, delve into the Paper Trading feature, and start your path to becoming a knowledgeable and prosperous trader. 💹
❓Have you tried our Paper Trading feature yet? How did you find it? Love it 🥰, hate it 👎🏽, we want to know especially with our upcoming competition where you could win up to $10,000 paper trading right here on TradingView.
More on that later ⏰ ;)
Happy trading, and always remember – look first, then leap! 👀🦘
ℹ️ More info on the TradingView Paper Trading feature can be found here:
www.tradingview.com
Don't want to miss out on more tips and tricks? Give us a follow!
intro to Ichimoku Kinko Hyo (Arabic Narrative)Novice / Beginner intro to Ichimoku Kinko Hyo technique.
for a succesfull trades, kindly note that the following 3 conditions must be present:
1- your entry point is always above green kumo
2- Bullish TK cross occured above the green Kumo
3- Chiko span is above TK
we never trade in the Kumo.
it's not recommended to trade below the Kumo, and even Bullish TK cross occured in and/or below the kumo
Good luck :-)
M
What Is an Expanding Swing?Markets move in contraction/expansion. Small swings can be thought of as a form of contraction and the bigger swing is a form of expansion. An Expanded Swing is simply a reaction leg that is bigger than the previous reaction leg or legs. Its minor swings growing up to be major swings.
This represents a change in behavior that often causes confusion among the shorts and the longs. The shorts are fearful cause the market is now backing up on them and the longs are fearful cause they see a market now turning up and getting away from them. This confusion creates an opportunity for those that are sitting back with a plan.
To see this price action on a chart, it helps to have some simple and objective definitions for mapping the market and i show this in the video. First, we use market structure to read the market, and then we use a trading structure (trade plan) to structure the actual trade where we manage risk.
Shane
Understanding the ICT BREAKAWAY GAPIn this video I go through the ICT Breakaway Gap and how YOU can use it to your advantage. I include some tips and tricks with a real trade setup demonstration.
The Breakaway Gap may have been an elusive concept to understand, but I present a simple way you can spot them on the chart and frame your trades around them. It is a powerful weapon that can be used to snag some awesome trades.
Simple put, the Breakaway Gap is a gap that does not get traded into with the NEXT FEW CANDLES. Emphasis on the last part because price is fractal, and the best way to frame a trade with ICT's Concepts is by taking a few candles on the higher timeframe for your bias, and going to a lower timeframe to form your narrative, and either entering on that timeframe or even going to a lower timeframe for your entry.
Hopefully this gives you some insight into one of the many concepts that ICT has bestowed upon the public.
If you need clarification about the content, or you are still struggling with finding your groove as a trader and need personal guidance or mentorship, feel free to reach out to me via TradingView’s private message or on X.
Happy trading and happy studying!
- R2F
Ditch the stress! Bye-by losses! Range strategy to level up!Embark on a journey of transformation and mastery in the world of trading as I unveil the secrets behind my game-changing range trading strategy. Gone are the days of uncertainty and losses – with this strategy, I've not only closed the performance gap but soared to new heights of success.
At the heart of my approach lies a meticulous process of identifying and understanding market ranges. It all starts with a keen eye for detail, pinpointing range highs and lows with precision. These anchor points serve as the foundation of my trading decisions, providing clarity amidst the chaos of market fluctuations.
But it doesn't stop there. Within these ranges, I've learned to identify supply zones – key areas where the market is primed for a potential shift in direction. Armed with this knowledge, I position myself strategically, ready to capitalize on emerging opportunities.
Yet, what truly sets my strategy apart is the integration of powerful indicators like the fixed range volume and Fibonacci indicator. These tools act as guiding lights, illuminating high-probability predictive areas within the range. With their aid, I can anticipate market movements with unprecedented accuracy, giving me the edge I need to succeed.
But here's the real kicker – I've learned to leverage these insights to not only profit from market rallies but also from downturns. By adhering to the principle of longing in discount and shorting in premium, I've unlocked a whole new realm of profitability. It's a dynamic approach that allows me to thrive in any market environment, whether bullish or bearish.
So, if you're tired of riding the rollercoaster of uncertainty and ready to take control of your trading destiny, it's time to embrace the power of range trading. Join me on this journey of discovery and mastery, and together, we'll conquer the markets like never before.
Review: Did You Make a Clear Plan? Did You Follow That Plan?We can break up the review section of the trading into several distinct sections.
1. Review for discipline and personal insight
2. Review for performance (statistics)
3. Review for market insight
4. Review for method development
I'm going to do the first section "Review For Discipline". We can keep this simple and ask 2 questions.
1. Did you make a clear and objective plan?
2. Did you then do what you said you were going to do in the plan?
These questions demand honest, yes-or-no answers. They force you to confront your trading discipline head-on, without room for excuses or escape. If the answer is no that's ok, just start over with the commitment to keep at it and don't spend too much time on regrets. You might need to make your plan more clear or simply learn the discipline to stay with it. Keep in mind that this isn't about whether you won or lost, it is about learning consistency and discipline.
Shane
Elliott Waves: Natural Gas case study
Overview:
Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current focus is on the ongoing Wave ((C)) on the Daily timeframe, expected to unfold in five subdivisions: (1), (2), (3), (4), and (5). Within this framework, Wave (1) to (4) are complete, and attention now turns to the unfolding of Wave (5) on the Four-Hourly timeframe.
Current Structure:
On the Four-Hourly timeframe, Natural Gas is in the process of forming Wave (5), consisting of Wave 1, 2, and the ongoing development of Wave 3. The details of Wave 3 are further observed on the Hourly timeframe as finished wave ((i)) & ((ii)) and now possibly we are unfolding Wave ((iii)) of 3 of (5) of ((C)) of II.
Elliott Wave Principles:
Corrective Structure:
Wave II is corrective, manifesting as a complex correction with three subdivisions, labeled ((A)), ((B)), and ((C)).
Impulse Formation:
The primary upward movement from June 2020 to August 2022 represents an impulse, characterized by a sequence of five waves.
Subdivision Details:
Each wave and subdivision unfolds according to Elliott Wave principles, maintaining the structural integrity of the overall pattern.
Learning Points:
Analyzing Market Cycles:
Elliott Wave Analysis serves as a valuable tool for understanding the cyclical nature of markets, providing insights into the psychology of both buyers and sellers.
Trend Anticipation:
Corrective waves within the Elliott Wave framework offer a strategic opportunity to foresee potential trends—whether they signify a resumption or reversal of the existing trend.
Elliott Wave Analysis is a tool to decipher market cycles, offering insights into the psychological dynamics of buyers and sellers.
Corrective waves provide an opportunity to anticipate trend resumption or reversal.
The principle of non-overlapping waves helps identify the structure of the market move.
Validation and Risk Management:
The integrity of this Elliott Wave structure is contingent on Wave II not surpassing the low of Wave I, identified at $1.440. A breach of this level would invalidate the current wave count.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Understanding LIQUIDITYIn this video I try to explain liquidity as it pertains to training in a simple manner.
Liquidity are basically orders in the marketplace. Since trading is a zero-sum game, without liquidity, there is no trading. Simply put, If you wanted to BUY, then you would need someone to SELL to you, and vice versa.
Smart Money has deep pockets and needs a large amount of liquidity to facilitate their positions. They want to be able to get in and our of their trades, as well as to be able to trade with capital that would be worth the reward.
The largest pools of liquidity usually reside above swing highs and lows, and equal highs and lows (double/triple tops and bottoms). Support and Resistance ideologies dominate the market, and besides that, psychologically it makes sense to put stoplosses at such areas rather than at some random area within a range. There are also breakout traders who see price breaking out of an area as a sign of strength (or weakness if bearish) and they set their entries above/below these levels. This is how liquidity is "engineered" in the market and sentiment manipulated. These pools of liquidity can be seen as a magnet, drawing price to these levels, either to grab liquidity before reversing or continuing in its current direction.
- R2F