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Super Simple Buying and Selling Stocks within TradingView.With the market pulling back nearly 14% over the past few days, I decided to take a punt on a potential recovery. I've opened a position in TQQQ , a 3x leveraged ETF tracking the Nasdaq 100 (top 100 tech stocks).
In this post, I show how easy it is to place an order using a connected TradingView broker—in my case, TradeStation—and set up a bracket order with a take-profit and stop-loss.
If the trade moves against me, the stop-loss automatically manages my risk by closing the position. If it moves in my favor, the take-profit ensures I lock in gains and exit automatically.
Of course, these levels can be really easily adjusted manually as the trade progresses, providing flexibility as the stock moves. You could choose to set your levels based on your favorite indicators signals or some other means.
This isn’t trading advice—just an example of how you can leverage TradingView’s functionality.
It’s real money on the line—my money—so wish me luck! That said, the market could still head lower with ongoing Fed FUD, but I’m holding out hope for a little help from Santa. 🎅
Options Indicator Explained - so you can SEE what you tradeEver since we created this indicator back around 2020 on the TradingView platform it is so far the best platform for our analysis, research, coding, and development of different trading tools. This was 4 years ago, but we have been with TradingView almost for a decade !
The whole concept of this indicator came when a long time ago we read the big big book of options, and could not understand how come the stock price moved up but our calls are losing money ! Yes, we have been there too. And then came this indicator to life. We don't make a trade without it ever since. If you saw the video, you clearly know why.
Let's delve into some key concepts that can elevate your trading game:
### 1. Visualizing Profit and Loss
One of the most powerful tools in an options trader's arsenal is the ability to plot profit and loss lines on a chart. This visualization helps you understand the time decay of the options you buy or sell. By seeing how your potential profits or losses change over time, you can make more informed decisions about when to enter or exit trades.
### 2. Moving Beyond the Greeks
The Greeks—Delta, Gamma, Theta, and Vega—are often emphasized in options trading, but their standalone value can be limited. What truly matters is how these metrics impact your profit and loss curvature. Think of it like driving a car: while an acceleration meter provides some information, what you really need is the speedometer and a clear view of the road. Focusing on the profit and loss curves allows you to grasp the real impact of these factors on your trades.
### 3. Identifying Pivot Points
By observing profit and loss lines, you gain insights into optimal entry and exit points. Placing trades at pivot points can enhance your reward-to-risk ratios. Certain options offer generous room for stop-loss placement and quick profits if you choose pivot points where price rejections are likely. Seeing these lines helps confirm that your trading idea has a high probability of success.
### 4. Conducting Volatility Simulations
Professional volatility testing with your indicator is crucial. It allows you to anticipate how changes in volatility will affect your options' profit and loss. Each case is unique and dependent on the underlying stock, so it's vital to have contingency plans and avoid trading blindly. You must always take into account that the volatility can drop or rise against you, and you need to see that even if it happens, you will still be okay, and not be a dreamer. Reality is everything, trade realistically.
### 5. Timing Your Trades
Boost your performance by understanding how much profit you can lose (when buying options) or gain (when selling options) over the duration of your trade. This knowledge helps you make better timing decisions and manage your trades more effectively while you are inside the trade. In some trades you can clearly see that you just don't have the time to survive a correction and then wait for the next pulse wave to come and save you, you can see clearly that it is better to take profit today, since you just do not have enough time for a correction and a bounce back to the current profitable price. In options, what it is profitable today is NOT profitable tomorrow. I show you this in the video.
### 6. Simplifying with Profit Lines
You don't need to rely heavily on the Greeks anymore. Profit lines already account for these metrics, freeing your mind to focus on price action. This approach eliminates the confusion often associated with the non-linear behavior of options, rooted in complex models like Black-Scholes.
### 7. The Black-Scholes Model and Implied Volatility
Understanding the Black-Scholes model and implied volatility is fundamental. These concepts help you grasp how options are priced and how market conditions can impact their value. Using the indicator, you don't need even to know who or what is the Black-Scholes Model, since it does all the work and heavy lifting for you, by plotting you exactly what you truly need... Where you make a profit, where you will make a loss, and how much (profit lines).
### 8. In the Money vs. Out of the Money
Knowing the difference between "in the money" and "out of the money" options is crucial. In-the-money options have intrinsic value, while out-of-the-money options are more speculative and rely on price movements to become profitable.
### 9. Short-Term vs. Long-Term Options
Short-term call options offer quick potential gains but come with higher risks due to time decay. Long-term call options, on the other hand, provide more time for your trade to work out, reducing the impact of time decay but often requiring a larger capital investment. I show a clear example in the video.
### 10. Maintaining Reward-to-Risk Ratios
You should make sure you always maintain the reward-to-risk ratios in your favor BEFORE you enter the trade, this is what keeps you in the game and makes you thrive and not just survive. Do you think they let a pilot to land an airplane, just with his "gut feeling" or do they give them an indicator to SEE the runway? If you don't see your profit and loss lines, you don't see the runway when you land your plane. We've all seen those wallstreetbets BLIND crash landings in options and know how they end before they started. This can and should be avoided, always know your risk, and your potential reward.
### 11. Proof of Accuracy
Finally, reliable indicators provide proof of accuracy, showing you the same profit or loss you'd experience given stock movements and implied volatility changes. This consistency gives you confidence in your trades, eliminating confusion and preventing unexpected losses.
In the end of the video, there is proof of the accuracy, that the indicator in did shows you the same profit or loss you will have in the position, given the stock movement and implied volatility changes, so you can rest assured that your landing indicator will not surprise you no matter the weather, you will have full control on your options trade. No more the feeling of confusion and then your fast profit crushes to zero or even a loss and you don't know why.
Master these concepts, and you'll have a robust framework for navigating the complexities of options trading with precision and confidence.
Trading Gold on lower TF. Educational only. Very recent.Here is another example of trading on the very low time frame. I was live here trading and I had 2 Short positions, one of which I close during the video.
I would not say that being on the very low TF's is better. But what it does allow for is to see the way price is moving in the lead-up to the low timeframes 1-15 minutes. Down on the very low TF's you will see the same patterns and formation just like the higher TF's, lots of D/tops, D/bottoms and even the 1 second has these patterns.
I think its an advantage to be on very low timeframes when trading things like Heads n Shoulders patterns because you can see what is happening in the price action.
For example, say you are waiting for price to move up to the neckline where the pattern may trigger your Long and you are on the 1 minute timeframe, but you see that price is ever so gently receding and moving back down. Well, I would drop to the very low timeframes all the way down to 1 second. Now back to our example, on the 1 second TF I see a double top and because we are on the 1 sec things will move a bit faster.
However, I have confirmed why price is moving back a bit on the 1 miute. The very low TF's confirm that price is moving down a bit due to a Double top forming, so I do not worry so much and I wait until the D/top plays out and then my pattern on the 1-5 minutes will hopefully stay in play.
Mastering the German 40 Index: A Comprehensive Trading Strategy 👀👉 In this detailed video, I examine the complexities of trading the German 40 Index (DAX), sharing my personal trading plan and strategies aimed at identifying lucrative trade opportunities. Most importantly, my goal is to provide you with the essential tools to effectively navigate the indices markets. 📈✨
KEY HIGHLIGHTS:
✅ Trading Strategy Overview: I outline a structured approach to planning trades and identifying optimal trading opportunities.
✅ Technical Analysis Techniques: We explore concepts such as Wyckoff Theory and ICT (Inner Circle Trader) principles, emphasizing their application in real-world trading scenarios.
✅ Timeframe Analysis: The video guides you through analyzing higher timeframes to inform lower timeframe entries, ensuring a well-rounded trading strategy.
✅ Entry Points & Risk Management: Learn how to pinpoint entry points, set effective stop-loss orders, and establish profit targets to maximize your trading success. 🎯
✅ TradingView Features: I highlight essential features of TradingView, showcasing two advanced indicators: the Volume Profile and VWAP (Volume Weighted Average Price), which are crucial for intraday analysis and understanding market trends. 📊
🔔 Disclaimer: Trading involves risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct thorough research and consider your financial situation before engaging in trading activities.
Join me on this journey to enhance your trading skills and gain valuable insights into the German 40 Index! Don't forget to comment and if you found the info of value, giving this post a BOOST would be awesome! 🙏
Reading Price Action to Tell a Chart's (Liquidity) StoryUsing Domino's Pizza in this case I want to show you how simple and practical it is to find important levels and to understand why price is doing what it's doing at a certain level. If we can map out where we are going to have to put a fight, and know why we are going to put up a fight (i.e. buyers or sellers, who needs what to win the fight, who is building liquidity and in control on a certain time frame) --> Then there is no reason why we shouldn't be able to identify solid trade opportunities and take them when they're given. If we are wrong on an analysis (i.e. we lose money on the trade), it's either that you're executing trades on a different time frame than your analysis is telling you to or there is something about your analysis that is wrong or not effective enough.
DPZ Analysis coming next..
Happy Trading :)
Cup & Handle Pattern TutorialA cup and handle pattern is a bullish continuation pattern that signals a potential upward price movement after a consolidation period. Here's a breakdown of its key components:
Cup: The pattern starts with a downward move in price, forming a rounded bottom (the "cup"). The price then rallies back up to the level where it began, creating a U-shape.
Handle: After the cup forms, the price pulls back downward in a smaller, rounded formation (the "handle"). This handle is typically a consolidation period before the price resumes its upward trend.
Win Rate
The cup and handle pattern is known for its high reliability and success rate. Research shows that it has a 95% success rate in bull markets and an average profit of around 54%. However, it's important to follow strict trading rules to achieve these results
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components:
Left Shoulder: The price falls to a trough and then rises back to a resistance level.
Head: The price falls again to a lower trough and then rises back to the same resistance level.
Right Shoulder: The price falls again but only to the level of the first trough, then rises once more.
The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak.
Types of Inverse Head and Shoulders Patterns
Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend.
How to Trade It
Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom.
Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
Uptrend & Downtrend Bullish Falling Wedge Pattern TutorialA bullish falling wedge is a charting pattern that signals a potential reversal from a downtrend to an uptrend. Here's a breakdown of its key characteristics:
Shape: The pattern forms a wedge that slopes downward, with the upper trendline connecting the highs and the lower trendline connecting the lows. The key is that the highs and lows get closer together as the pattern develops.
Trend: It typically forms during a downtrend, indicating that selling pressure is decreasing.
Breakout: The pattern is bullish when the price breaks above the upper trendline. This breakout suggests that the downward trend is losing momentum, and an upward trend may follow.
Volume: During the falling wedge formation, volume tends to decrease, which supports the idea that selling pressure is diminishing.
Retest: After the breakout, it's common for the price to retest the upper trendline, and if it holds, it provides further confirmation of the bullish reversal.
Example
Imagine a stock that has been falling for several months. The price forms lower highs and lower lows, creating a narrowing wedge. Suddenly, the price breaks above the upper trendline with increased volume, signaling a potential reversal and the start of an upward trend.
Volume Profile: Why I don't trail stops!Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS!
I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. If it holds a GOOD level... it should hold it AGAIN! Just like these two did. You should never have to move your stop up from a Volume Profile level.
Catching Dips any Coin with Spiderline !The Spiderline is a concept in cryptocurrency that refers to a specific strategy or indicator used in technical analysis to identify key support and resistance levels on the price charts of crypto assets, particularly Bitcoin.
This concept is based on retracement levels or structures calculated from historical market data. Here are the key points to understand the Spiderline:
Origin:
It is often used by experienced traders to visualize critical zones where the price has historically reacted (bounced or been rejected). These zones are derived from specific lines on the charts based on previous Bitcoin price movements.
Usefulness:
- Identify support levels: where the price could stop during a decline.
- Determine resistance zones: where the price might struggle to move higher.
- It also helps plan entry and exit points based on the likelihood of market reactions.
Differences from traditional indicators:
Unlike tools like moving averages or the Relative Strength Index (RSI), the Spiderline is more specific to Bitcoin's historical behavior and is often used over longer timeframes.
Associated strategy:
Traders use it to refine their buying or selling decisions, avoid trading against strong trends, and manage their risk effectively.
Credit Inspired by #Cryptoface
Educational Video Showing a scalping trade at pullback In BTCUSDA educational video showing how you must enter a trade after a pullback or when you miss a entry in trade .
Also , I have shown how you must hold on a trade after you have achieved your first target
Also , I have shown how you can activate settings in trading view which displays how much money you will lose on a stop loss and how much you achieve when you achieve your target