Get started

Pivot Points

DESCENDING CHANNEL - Range Trading StrategyHello my Fellow TraderZ, Today this is not any Trade idea but a TUTORIAL on how to Trade the RANGE or the CHANNEL. This is simple, safe, profitable and straight forward Price Action strategy. Here we are taking the chart of US Govt. Bond 10Y-yield. This is the perfect setup of DECENDING CHANNEL on MONTHLY chart. No time bound you can trade at any TIMEFRAMES, but Higher Time Frames are more reliable. You see, to draw any Trendline we need minimum 2/3 touch points. Whenever the price touches the Trendline, never open any Trade in RUSH, wait, see the kind of candles forming at Touch Points (at LOWER TL = BULLISH PA, at UPPER TL = BEARISH PA). PA = Price Action. This should be coupled with the VOLUME. Notice the S/R areas, where price gives multiple hits before bounce or rejection. This will give you extra boost as these horizontal S/R are more reliable than Dynamic S/R. Also these areas could be your Pivots to make ENTRY(incase price doesn't hit the channel Trendlines) or TP Targets. Look at the Percentage(%) wise gains simply following the channel(BUY THE LOW, SELL THE HIGH). Well I've just mentioned the BUYS, you can add the short positions also. Until the price is in channel you can take Multiple Trades both LONGing and SHORTing the market, unless the channel Breaks. This is the beauty of Range Trading. Similarly you can trade ASCENDING CHANNEL/WEDGES as well. NOTE : PRICE ACTION is majorly important in the Game of Trading. If you like this content, kindly give a FOLLOW & BOOST to me. Also COMMENT to bring more such #educational contents. Sorry if its a bit Lengthy post. Happy Trading . CHEERS!!!
TVC:US10YEducation
by TRADER-GOKU
1
The worst trading strategy for HARSI or any other indicator.**Not gonna lie. This is a 20+ minute video because I almost lost it, and I went on a RANT! The way I see people just blindly accepting and using ridiculous strategies on indicators is just awful.** I have come across countless TV, YouTube, and other online sourced videos filled with misinformation, and I will make it part of my mission to call out these ridiculous strategies. I just cant sit idlily by while you guys blow your accounts away making bad trades off of horrible information, based from someone who obviously is NOT a real day trader. With that, in todays video, with my brain on fire and my mouth being held back, I am going to cover the strategy I keep seeing here on YouTube. Its one that people claim "The developer told them to use." The strategy is for the original #HARSI (#heikenashi #harsi ) I'm here to tell you, that i have spoken with the original developer a number of times and NOT ONCE did they say this strategy is theirs or that they use it. I'm also going to give you a very quick run through of a proper way to use the new version of the HARSI called the #CSCHARSI or (#coffeshop #Crypto #HARSI ) Download the indicator here: My Tradingview Profile: www.tradingview.com
Education
by CoffeeshopCrypto
12
Break-Even Point Calculation Break-Even Point (BEP) 1. The break-even point is the point at which total cost and total revenue are equal. 2. Meaning, there is no loss or gain. 3. Potential investors in a business not only want to know the return to expect on their investments but also the point when they will realize this return. Calculating the Breakeven Point (BEP) 1. Current Total Investment = (1*BTC@49348.17) + (2*BTC@39342.32) + (4*BTC@21117.39) + (8*BTC@10357.35) = 295361.17 2. Breakeven Point = Current Total Investment / (Total Number of BTC) = 295361.17 / 15 = 19690.74
Education
by yaser_rahmati
1
How Market Manipulation WorksEver find yourself agreeing with someone who complains about rampant market manipulation, even though you don't really know how it happens or where it comes from? If so, do not feel embarrassed; the person complaining about it probably doesn't know either. The truth is that the practice is so blatant and routine these days that it hides in plain sight. That, or it has simply become a modern taboo among those in power because widespread exposure of it could pose as a significant risk to said power. Either way, it has gotten so ridiculous lately that it needs to stop before it potentially damages the all-important trust dynamic that maintains the "free" system's status quo. Thus, let us begin this enlightening discussion with identifying who the direct culprits are. These would be just about every financial institution that operates in some form as a Market Maker (MM) of weekly equity options. Yes - even your friendly mainstream broker that you had assumed was rooting for your financial success. Basically, if you can purchase weekly put options from them, they are part of the problem. While this seems absurd, let's just discuss how markets get manipulated before you dismiss the idea entirely. Markets can get manipulated through any number of sketchy practices. Just refer to the FINRA website and you will find terms for such practices, as well as laws governing their misuse. (Like when crude oil futures reach real negative levels, lol). But, the most tangibly-felt form of manipulation occurs in the way that is depicted in the chart above: by preventing markets from breaking out in either direction, particularly on days when options are set to expire. Quadruple Witching days, for example, are named as such because of how "supernatural" price movements tend to be throughout their sessions. This is complete nonsense, of course, since they move according to how the culprits want them to move - within a pre-defined range that is designed to suck traders into false-breakouts only to close very near the daily opening-cross. The process of such a corrupt practice is known as price-pinning and it is at the core of every inexplicable market observation that seems uncannily perfect - like when markets only reveal their true direction during the last singular minute of trading. Note the extreme volume abnormality underlying the last-minute candle of today's E-mini session for a perfect example of this. Despite what is commonly accepted, it is actually the case that MMs are essentially omnipotent, insofar as they can, and do, directly determine the opening and closing prices of individual issues - even on smaller timeframes such as the hourly or 15-minute scales. On most trading days, it is even possible for them to control outcomes on entire indices because of how influential options have become in today's market environment. The really serious problem with this is that it causes markets to crash wildly leading to widespread loss of wealth and subsequent economic severities. How does too much power in free market system lead to the system crashing? It is because MMs are human beings and are therefore prone to making emotionally-charged mistakes; like getting cocky during times of persistently scarce volatility. What ends up happening is that on very rare occasions, even bigger market players (like managers of huge pension funds that can affect markets absolutely) decide to unwind their long-held pure-equity positions accumulated over several years in a discreet manner. All the while, greedy/overconfident MMs continue to sell extreme quantities of put options to the public, thinking that there is no possible way that they'd ever need to pay for them at expiration. They'd be correct about this 99.99% of the time, and so they fail to realize how dangerous of a situation their in and how stupid it is to blindly sell such large quantities of out-the-money puts on the open market. The selling is so violent at the point of realization that MMs have no choice but to sell everything at once - even if everyone else suffers from the resultant market crash. At this point, you might be wondering how this rare scenario has anything to do with the prevalent practice of price-pinning. It relates because what normally happens when MMs get ahead of themselves in terms of how many puts they short on an expiration day is that they end up offsetting their risk via the mass purchasing of call options as the expiration nears. The calls become cheap enough that the entire cost of this process of risk hedging is pennies when considering the profits generated from selling the much more expensive time-heavy puts to the public. It is also a much more practical way to cover, which is why markets rarely make significant moves (especially downward) on Fridays. The process of MMs selling out-of-the-money puts, which they knowingly perceive as riskless for an exorbitant premium only to turn around and use call options to prevent prices from moving for the rest of the day IS THE MANIPULATION. To reiterate, what I am saying is that the common form of market manipulation that most people arbitrarily place their blame on is the weekly Market Making process of covering themselves every Friday (and sometimes Wednesdays and Mondays as well) that is the de facto Manipulation that I am trying to convey in the chart above. The reason why this process should be acknowledged as an illegal manipulative practice, rather than just some existential side-effect that comes with ever-evolving complex market systems is because: 1) It is enabling large institutions to sell grossly mispriced derivatives en masse with no intention of realizing the equivalent risk 2) It is a literal form of manipulation, as per the definition of the word "manipulation" 3) Once understood, it becomes blatantly obvious that markets lack the freedom that has always been pre-supposed, which will eventually change the nature of our market to something non-sensical, like the concept of equal-outcome investments (you cannot grow your wealth in a market that grows everyone else's wealth at the same pace, since that is just pure inflation). To finish this lesson, I will use the chart of yesterday's price/volume action of the S&P futures as an example of how the manipulation of price-pinning can be applied practically: 1) Start with the obvious outlier that is the selling volume incurred at 3:59 p.m. yesterday 2) What this represents is the true bearish sentiment that should have resulted in a panic-sell to close the week 3) The reason why this panic sell never occurred is because MMs had bought very cheap call options starting around noon 4) Specifically, as soon as MMs feared that sentiment had turned bearish enough to threaten their short-put liability, they started covering with calls 5) This can be seen in the upper half of the chart, on the second breakdown, which notched the LOD 6) We can rule out the possibility of a major support bounce because the LOD is simply not a major point of support even if near the 4500 level. 7) This can be corroborated by the lack of historical price action around such high levels of the S&P. To naturally prevent a breakdown of this nature would require a more historically tested level of support, in my opinion 8) Manipulation resulting from too much leverage and greedy MMs created a very tiny snapshot of the wrongdoing, which is captured full-circle in the volume reading of the last minute of the session. I hope I was able to present this entire idea in a sensible way. Manipulative practices are very hard to pinpoint, prove and define, which is partially why they can persist for months on end. On a personal note, I really hate this type of market environment because it sucks to trade and limits the possibility of what makes markets fun in the first place. Ironically, I am sort of doing the very kind of complaining that I made fun of in the opening paragraph - the only difference is that I am certain about what is causing my frustration. -Pig-Police CME_MINI:ES1! AMEX:SPY SP:SPX CURRENCYCOM:US500 DJ:DWCPF
CME_MINI:ES1!Education
by UnknownUnicorn5511258
9
Pivots continued...So we continue on from the previous pivot post, I have now worked out all the levels and shown you the formula to do this for yourself. These levels like I said in previous post are great for when you are trading intraday, they can work as trade points or used to put stop losses the other side off. S3 and R3 are notoriously tough to break, you can watch price usually turn around at these levels and return back to the pivot and lower support or resistance levels. Pivots enable good risk reward when trading and offer good chances of safer trades... For example a sell just under the pivot you could use a stop loss just above the pivot and aim for S1, this has a good probability aswell as offering a nice reward for our risk. Happy trading :) more breakdowns and strategies coming soon. ZenFlo is out.
Education
by ZenFlo
How to Calculate a Pivot point.In this quick tutorial I have shown how you can take the formula (high+low+close)/3 to create a dynamic support and resistance level, which you can use to make trading decisions, only buy above pivot and sell below. Now it is handy to have an indicator to do this manually for you everyday, as every day a new pivot is generated. This pivot will filter down possible bad entries by putting you the right side of the trend, wait for breaks of this level to tell you potential trend changes... If anyone is interested I could do a tutorial on how to create the Support 1, 2, 3 and Resistance 1,2,3 levels... at the end of the day nothing wrong with learning the mechanics of your trading system! Pivots can work extremely well on an intraday timeframe, 1m,5m,15m charts will often see trades appear around these levels.. Keep strong and prosper. ZenFlo
Education
by ZenFlo
LINKUSDT The Importance of 0.886 and 0.146 Fibonacci RatiosWhy 14.6% (.146) and 88.6% (.886) are important levels on Fibonacci retracement? The 14.6 Fibonacci ratio, wich has a high mean of assertivity, is mirroned by 88.6, which has become an important entry level and stop loss in the market. 88.6 = 1 - X, X = 14.6. These are hidden levels on the standard scale. But you can add them manually. As you can see on chart, my fave way to use the Fibonacci Retracement is setting the .50 level at the pivot point** that precedes a pullback, i.e. the lowest low of the first downtrend. The price generally tends to retrace at least to the 0.707* level, which is another hidden level. The most common case in the crypto market, according to my experiences, is the price going into the zone between 0.886 and 0.786. In many cases touching 88.6, which can be considered a conservative point for a stop loss. If the price does not retrace from this zone, then a potential trend reversal can be considered. I have considered the range between 88.6 and 78.6 to be a 'short zone', that is, a zone where I usually wait for a reversive price action, or you could say a potential reversal zone. When price follows the trend after retracing then I consider 14.6% as my potential target. Means that tendence continues. This complete zig zag movement is what we call a swing, upward or downward. *0.707 (70.7%) is the square root of 0.5 Fibonacci ratio, wich is a ratio between 1 and 2. **Pivot points (some call them "swing points") are those areas where important short term reversals take place. Okay, let's see what happens during this trade. Thanks for your attention.
Education
by firmestudio
2
Bitcoin: Liquidity and Order blocks!This is an educational post! I have tried to combine the concept of liquidity with that of supply and demand to show you one of the most efficient trade setups in financial markets! You basically have a descending trendline in 30m chart of bitcoin! Price reaches a confluence area in higher time frame analysis (let's not be concerned about that now) then it jumps a bit to create a range! We know range bounds are liquidity nests! So price first grabs the upper range liquidity, breaking the market structure at the same time and hence confirming the long bias! Then it comes down to the demand zone, grabbing the lower range liquidity at the same time and then boom! It goes to the target!
FTX:BTCPERPEducation
by chartmaster1991
Wyckoff trading using the example of ADA/BTC Accumulation schemePay attention to the phases and letter designations on the graph that I showed on the ADA / BTC pair. (Cardano). A diagram of the accumulation phases is shown. Which are relevant for trading now. Several trading methods are combined on the chart: 1) Trading by the Wyckoff method. 2) Trade in horizontal channels. 3) Trade from important areas (price reversal points). 4) Trading in secondary local trends. Now the price is at the important zone of the mirror level which, from the development of the situation, can act as support or resistance. Channel pitch 30%. You can work in two directions. _________________________________ About Wyckoff's trading method. The forerunner of volume analysis (VSA) is Richard Wyckoff. Roughly speaking, the whole point of the method can be expressed - trade for a major market player. The creator of this technique himself was a man who had a system-forming influence on stock trading. It was not a poor theorist who got rich after publishing books! He was a very successful trader and earned impressive capital in his day. The very method that he was allowed to achieve and the entire 40 years of experience in trading, he published in his book in the public domain is already closer to his death Wall Street Ventures and Adventures Through Forty Years. At the end of his life's journey, Wyckoff became more altruistic, and decided to share the knowledge that led him to wealth. He died in 1934. The Wyckoff trading method was developed in the early 1930s. It consists of a number of principles and strategies originally developed for traders and investors. Wyckoff devoted much of his life experience to studying market behavior, and his work still has an impact on much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although initially it was focused only on stocks. During the creation of his work, Wyckoff was inspired by the trading methods of other successful traders (especially Jesse Livermore). Today, he enjoys the same respect as other key figures such as Charles Dow and Ralph Nelson Elliott. But for example, unlike Elliot’s theory, which is good in theory, but not always applicable in practice, the Wyckoff method is many times more effective for making money not in theory, but in practice. _________________________________________ According to Richard Wyckoff's trading method, there are 3 laws: 1) The law of supply and demand. 2) The law of causation. 3) The law of communication efforts and results. The first law states that the value of assets begins to rise when demand exceeds supply, and accordingly falls in the reverse order. This is one of the most basic principles in the financial markets, which does not exclude Wyckoff in his work. We can represent the first law in the form of three simple equations: 1) Demand> supply = price increases. 2) Demand <offer = price falls. 3) Demand = supply = no significant price change (low volatility). The second law states that the differences between supply and demand are not a coincidence. Instead, they reflect preparatory actions resulting from certain events. In Wyckoff's terminology, the accumulation period (cause) ultimately leads to an uptrend (consequence). In turn, the distribution period (cause) provokes the development of a downtrend (consequence). Wyckoff’s third law states that price changes are the result of common efforts that are displayed on the trading volume. In the case when the growth in the value of the asset corresponds to a high volume of trading, there is a high probability that the trend will continue to move. But if volumes are too small at a high price, growth is likely to stop and the trend may change direction. _____________________________________ Wyckoff Price Cycles. According to Wyckoff, the market can be understood and predicted using a detailed analysis of supply and demand. This can be done based on price action, volume and timeframe. By observing the behavior of large groups of investors, Wyckoff was able to learn to notice certain points during which preparations were made before a large price move. These moments were called accumulation (before the upward movement of prices) and distribution (before the fall of prices). _____________________________________ “Composite person” (major player) and phases. Wyckoff created the idea of ​​a “composite man” (from the English composite man, composite operator), which embodies the imaginary personality of the market. He invited all investors and traders to study the stock market from the point of view if it were controlled by one subject, as this could facilitate their further following the trends. At its core, the composite person represents the largest players (market makers), wealthy people and institutional investors. The behavior of a composite person is the opposite of most investors and traders that Wyckoff often observed, given their financial losses. This is the opposite of crowd action. The cycle described in the Wyckoff method consists of four main phases: 1) Accumulation (accumulation). 2) Impulse or uptrend. 3) Distribution. 4) Markdown (correction, downtrend). 1 phase. Accumulation . A composite person accumulates assets before most investors and traders begin to do so. This phase is usually marked by lateral movement. Accumulation occurs in a gradual manner to avoid significant price changes. 2 phase. Impulse or uptrend. When a composite person takes possession of a sufficient amount of assets, while the sales force is depleted, he begins to push the market upward, forming an emerging trend that gradually attracts more and more new investors, which subsequently leads to an increase in demand. 3 phase. Distribution. Then the “composite person” distributes the purchased assets. He begins to sell his profitable positions to those who enter the market at a late stage (“hamsters”). 4 phase. Markdown (correction, downtrend). Shortly after the distribution phase, the market begins to fall. In other words, after the composite person has completed the sale of a significant amount of his position, he begins to push the market down. To repeat the cycle again. The hamster is not a mammoth - it will not die out. In the end, supply becomes much larger than demand, and a downtrend will follow. _________________________________________ Approach to the Wyckoff market in five steps. Wyckoff also developed a five-step approach to the market based on numerous principles and methods. Simply put, such an approach can be considered as the procedure for applying his work in practice. S tep one: identify the current trend. The primary task is to determine the current trend and a superficial assumption where and how far it can go, in connection with which the following questions arise: "what is the current trend?", "What is the relationship between supply and demand?". Step two: determine the strength of the asset. How strong is the asset in relation to the market? Does its value move with the market or the opposite of it? Step three: find an asset with a reason for further growth. Are there enough reasons to open a position? Is the reason good enough for the potential benefit (consequence) to justify the possible risks in the future? Fourth step: determine the likelihood of cost increases. Is the asset ready for the intended move? What is its position relative to the current trend? Does the price and volume of trades correspond to possible growth? This step often includes Wyckoff tests for the purchase and sale of the selected asset. Step Five: Your Login Time. The last step contains all the timing information. For the most part, this is due to the analysis of a trading instrument to compare their behavior with the main market. In cryptocurrency, for example, with bitcoin. __________________________________________ Wyckoff Trading Schemes. Accumulation and distribution schemes are the most popular part of Wyckoff’s work, at least among cryptocurrency communities. This model breaks down these two schemes into smaller sections of five phases (from A to E), as well as several events that are briefly described below. Pay attention to the phases and letter designations on the graph that I showed on the ADA / BTC pair. A diagram of the accumulation phases is shown. Which are relevant for trading now ACCUMULATION DIAGRAM PS - preliminary support (initial support) the first resistance - appears after a significant decrease in the price, the volume increases, and the price accelerates the decrease over time. SC - the culmination of sales - there is a sharp drop in prices for large volumes. AR - automatic rally (automatic upward movement) appears because there are very few sellers in the market, and buyers quickly raise the price up. ST- secondary test (repeated test) - occurs to check the forces of supply and demand. There may be several ST and SC. ST can even slightly break the price level set by SC. Spring ("Spring") - does not always occur, in the late stages of accumulation. The logic of false breakdown. Test - Occurs after Spring is formed and should be on a small volume. Usually above the low at a lower level. SOS - a sign of strength (signs of strength) the price begins to rise and stands out from the price range TR (trading range) with an increased volume. LPS - the last support point, the last resistance level, occurs after a breakdown (SOS), this is a return of prices in the vicinity of TR with low volume and low price dynamics. BU (back up) - the return of prices to the accumulation channel, which follows the realization of the profit of short-term investors and is a demand test. It does not always happen, for obvious reasons. Phase A. The strength of sales decreases and the downtrend begins to slow down. This stage is usually marked by an increase in trading volume. Preliminary support (from the English preliminary support, abbr. PS) indicates that new customers are starting to appear, but this is still not enough to stop the downward movement. The culmination of sales (from the English selling climax, abbr. SC) is formed through intense activity aimed at selling assets, as a result of which investors begin to capitulate. This often manifests itself as the highest point of volatility, when panic sales form high candles and wicks. A strong drop quickly develops into a jump or automatic rally (AR), due to the fact that buyers begin to absorb excess supply. Thus, the trading range (TR) of the accumulation scheme is determined as the distance between the minimum culmination of sales and the maximum of automatic rally. A secondary test (ST) occurs when a drop in market prices crosses the sales climax (SC) to verify the validity of a downtrend. In this case, trading volume and market volatility are usually lower than usual. While the second test often forms a higher minimum relative to the culmination of sales, this does not always happen according to plan. Phase B. Based on the Wyckoff law of causation, phase B can be considered as a cause that leads to a certain effect. Phase B is the consolidation phase in which a composite person accumulates the largest amount of assets. At this stage, the market tends to test various levels of resistance and support in the area of ​​its trading range. Numerous secondary tests (STs) may occur during phase B. In some cases, they show higher highs (bull traps) and lows (bear traps) with respect to the culmination of sales and the automatic rally, like phase A. Phase C. This phase is a typical period of asset accumulation. It is often the last bear trap before the market begins to show higher lows. During phase C, the composite person provides a small proposal, and in fact, those who were supposed to sell their assets have already done so. During this phase, support levels begin to break through to stop traders and mislead investors. We can describe this as the last attempt to buy an asset at a lower price before the start of an uptrend. Thus, the bear trap encourages small investors to abandon the holding of their assets. However, in some cases, support levels can be maintained, and the "spring" simply does not begin. In other words, there may be another accumulation scheme, which includes slightly different elements, but not “spring”. However, the overall structure of the circuit remains valid. Phase D. Phase D represents the transition between cause and effect. It is located between the accumulation zone (phase C) and the breakout of the trading range (phase E). Typically, a significant increase in trading volume and volatility occurs during phase D. Usually it assumes the last point of support (from the English last point support, abbr. LPS), demonstrating a lower minimum before the market begins to move up. LPS often precedes breakthrough resistance levels, which in turn creates higher highs. This indicates the manifestation of signs of strength (from the English. Signs of strength, abbr. SOS), as the previous resistance levels become new levels of support. Despite a somewhat confusing terminology, there may be several last points of support during this phase. They often increase trading volume when testing new zones. In some cases, the price may create a small consolidation zone before effectively breaking through a larger trading range and moving on to phase E. Phase E. Phase E is the last step in the accumulation pattern. It is marked by a clear penetration of the trading range due to increased demand in the market, which indicates the beginning of an uptrend. __________________________________________ Volume in separate phases (VSA). A key element in the analysis of the Wyckoff method is the preservation of volume at the individual stages of accumulation / distribution. Phase A. In this phase, dynamic movements of prices with an increased volume occur. We have new highs / lows and climax points, followed by automatic price rallies in the opposite direction, and then retest on a smaller volume. This phase forms the border of the TR (trading range) channel, in which the price will consolidate until the rebound in phase D and E Stage B. Here, large investors get rid of their last position from the previous trend and prepare for its reversal. Phase C. This is a very important phase, because in phase C it comes to the end of the current trend. Weak players leave the market for Spring (accumulation) or UTAD (distribution). If these formations do not exist, then we are dealing with LPS, where the inability to continue the current trend is visible, the price practically does not move. Phase D. With signs of weakness in the current trend from phase C, the time comes to show the strength of the adversary. The price breaks the level in the expected direction, with high dynamics and increased volume. Phase E. Confirmation of our assumptions and completion of the accumulation / distribution process. Price accelerates in the expected direction. If we were unable to join the movement during phase D, then further problems may already arise with this. And this deal will be less profitable. ______________________________ Conclusion on the Wyckoff trading method. Almost a hundred years have passed since the publication of the work, but the Wyckoff method is still in demand to this day. By nature, the market does not always exactly follow similar trading patterns. In practice, accumulation and distribution patterns can occur in different ways. For example, in some cases, phase B can last much longer than expected. For this reason, spring, UTAD and other tests may simply be absent. However, Wyckoff's work offers a wide range of reliable trading techniques that are based on numerous theories and principles. His work is certainly valuable to thousands of investors, traders and analysts around the world. The accumulation and distribution schemes described in this article may be suitable for understanding the general order of cycles in financial markets. But recently, due to the widespread introduction of algorithmic trading and the use of it by large players, it has become increasingly difficult to notice a large player on highly liquid instruments, but it is possible. According to three schemes of dialing / resetting by the position algorithm. This analysis method is more relevant for medium-liquid instruments, where fewer algorithms and highly professional traders are clearly hard to see. One person can hide his real work, and do fake trade for dozens of people. It is clear that with good preparation, it is possible to calculate and understand what will happen next, but naturally this is not an analysis of the schedule. Analysis of the schedule in the work of a truly successful trader in fact takes no more than 20-30% of the work. __________________________________ It is impossible to describe everything in one article. The Wyckoff method at first glance seems complicated, but it is not. The main thing is to understand the essence of the work and practice trading tools. To start, start trading with a symbolic amount. Always remember, a theory without practice is zero. Once again, the Wyckoff method works well on medium-liquid instruments such as cryptocurrencies, but not lower than the top 100.
Education
by SpartaBTC
6
FREE PIVOTS. LASS look alike Try these indicators out. Below are ways to set up the chart. Look at the shadows on the stochastics for overbought and oversold areas. Here are the indicators you can use on Tradingview for PIVOTS and LASS look-alike. Pivotal Zones EMA 50 EMA 200 RSI Stochastic Stochastic Stochastic Here are the settings for the stochastic and RSI Yellow Mountain = Indicator Stochastic- Settings Input 4 3 3 Style %K area color dark blue, %D color yellow Upper Band 80, Lower Band 20 Red Mountain = Indicator Stochastic- Settings Input 10 3 3 Style %K area color dark blue, %D color red Upper Band 80, Lower Band 20 Orange Mountain = Indicator Stochastic- Settings Input 20 7 4 Style %K color dark blue, %D color Orange Upper Band 80, Lower Band 20 Purple Mountain = RSI (use the default setting 14) Area color purple If you want a dark background, the Style %K should be white or a light color. MT4 Set Up Use to get pivotal zones on MT4 www.best-metatrader-indicators.com
Education
by executivepips
Sneak peak! Sneak peak at our current project. A quick snippet showing how price levels can be caught using our pivot tool to inform trade ideas based on Support/Resistance and Supply/Demand. The tool is currently in a preliminary form, but we intend to optimise the level output to create a real eye view of the price action. Our goal is to mimic the price levels a trader would naturally spot and use for their trading, while added an element of sophistication to line filtering that is only possible using code.
Education
by RuckSack
TYPES OF FIBONACCI's & WHEN TO USE THEM 📐📏 Hey traders, In this article we will discuss two very popular Fibonacci tools: Fibonacci retracement and extension. 1️⃣Fib.Retracement tool is applied to identify a completion point of a retracement leg within an impulse. As you know price action has a zig-zag form. For example, in a bullish trend, the price tends to set a higher high then retrace and set a higher low before going to the next highs. In a bearish trend, the price tends to set a lower low and retrace to a lower high. With retracement levels, we are trying to spot the point from where the next impulse in a bullish or bearish trend will initiate based on the last impulse leg. Fib.levels that we will apply are: ✔️0.382 ✔️0.5 ✔️0.618 ✔️0.786 The retracement levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a trend-following movement will be expected. One should apply different techniques to confirm the strength of one of these levels. 2️⃣Fib.Extension tool is applied to identify a completion point of the impulse. In a bearish trend, the extension levels will indicate a potential level of the next lower low based on the length of the last bearish impulse. Fib.levels that we will apply are: ✔️1.272 ✔️1.414 ✔️1.618 The extension levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a retracement leg will initiate. One should apply different techniques to confirm the strength of one of these levels. Of course other ways of application Fib.Retracement and Extension levels exist. However, these two are the most common. How do you use these levels? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
161
Market Tutorials: Creating ArcsHope you are well! For this tutorial, the topic is how to create arcs using an angulation method. First, take an axis. This axis is down to up. Observe and determine whether it fits better as a 8x1 or 4x1 - or 1x8 and 1x4. Once that is determined, place the geometric angles onto the axis, and use the 1x1 angle as the axis for the arc. Grab your favorite arc tool such as the fibonacci circles, speed resistance arcs, or the gann box. Place the arc over the image and be sure the arc aligns with the box created from the angulation method. Tip: Be sure that the arc is circling the square, so the arc will only tip the edge of the square rather than end inside of it. The height of the original square to use comes from the height of the initial axis used to create the angulation. The intersection of the height of the square and the 1x1 is where the arc should tip the square. The final height and width of the true square comes from the height and width of the arc measured from the horizontal and vertical portions of said arc. Enjoy! Be well! Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Williams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Oreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques Patrick Mikula
Education
by UnknownUnicorn27791825
1
Geometry: 1x8-8x1 EllipsesHey! Hope you are well! In this chart is shown the various 1x8-8x1 ellipses. The overlay on the four minute chart is shown here! Here is the beginning. There are successive boxes made on the chart. The boxes are the basis of the 1x1, 1x2, and all. This next picture is the initial 1x1 ellipse - or circle if you will. If that is overly populated, here is the same without the successive rings. The ellipse is not inside of the rectangle because the ellipse is circling the rectangle versus squaring the circle; however, do note that whether squaring the circle or circling the square, the eccentricity is the same; only the proportion - the size - of the ellipse changes. Next is the 1x2 and 2x1. Now, all of the successive angles will be shown simultaneously. Enjoy! Be well! As an added bonus, here is what the chart looks like when the successive rings are added. Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Williams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Oreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely
Education
by UnknownUnicorn27791825
4
HOW-TO: FibDev Indicator This tutorial is to explain our FibDev Indicator using AMD 15m chart example. Overview of the daily zones: -- Starting with red zones, these are our daily supply zones. We expect these zones provide resistance and act as potential pivot points for the price to reverse -- The yellow zone is the neutral zone, when price is in this zone we expect that it will continue to chop around until it has chosen a direction for the day. -- The green zones are demand zones. Similar to the supply zones, we expect these zones to provide support and act as possible pivots for the price to rebound -- These zones are built based on previous daily price action and ** the zones will be the same on all time periods for any given day ** Overview of the intraday clouds: -- The upper cloud (red outline) is where we expect to encounter an overbought condition, and that price may reverse down -- The lower cloud (green outline) is where we expect to encounter an oversold condition, and that the price may rebound upwards -- These clouds are built based upon ** the time period of the chart that is selected **. Thus the 5m clouds will be different than the 15m clouds. Overview of the automated signals: -- These signals are printed when we expect there is a chance of trend reversal. It should be noted that trading against the trend is very risky. -- They do NOT serve as buy and sell signals, they are merely indications that price has entered a place of possible reversal. Our thoughts on how to use this data: --The main way we like to use this is by looking for scenarios where we have a wick or close that has broken above or below the intraday cloud at the same time that it is testing a supply or demand zone. Looking at this AMD example here, you can see a few scenarios where it wicked or closed into the lower cloud (some creating Bull signals) and was also testing a demand zone. This provides a layer of confluence as it's not only testing a daily demand zone but it's also testing the faster, intraday oversold zone (the lower cloud). -- A secondary way to use this data is similar to the ORB strategy, where you essentially chase (or ride the momentum) the price once it has broken to the upside or downside of the yellow neutral zone. With this strategy, your potential profit zones would then become the supply or demand zones depending on which way the price moved. Conclusion: -- Ultimately it's up to you and how you choose to use this data and confluence it with other TA tools is completely up to you and your trading strategy. -- For more information on using this indicator, please send us a message here or on Twitter (link found in our profile). Thank you! Great Blue Trading Team
NASDAQ:AMDEducation
by GreatBlueTrades
HOW-TO: FibDev Indicator and the Newest UpdatesWe previously published a HOW-TO on using this indicator, but since then the UI and the automated signals have changed noticeably. We STRONGLY recommend reading the first HOW-TO for this indicator as the core concepts are still the same (outside of the signals). UI Updates: We now hide the supply or demand zones if they aren't applicable to the current price action. If the price is in the neutral zone, there is no current target zone so both supply and demand are hidden. If price has broken out to the upside, we display the target supply zones at this time and vice versa for the downside, we display the demand zones. The way these zones are calculated is still the same, they are built using daily values and do not change through out the day (regardless of if/when they are displayed on the chart). Automated Signals: This is the biggest change, we are no longer generating automated signals based on possible reversal points of oversold and overbought price areas. This strategy can still be used, but there will be no signals created is all. Instead, the signals are now generated when the price leaves the neutral zone and track momentum vs searching for trend reversals as before. When the price breaks through the neutral zone to the upside a Bullish Break Over signal is now printed implying that we see bullish momentum to the upside. The supply zones will display and now we are tracking the upside move with the indicator. The opposite for the downside break, Bearish Break Under signal and demand zones displayed for tracking the momentum to the downside. Conclusion: The indicator is now tracking momentum vs reversals, but using a combination of the Intraday Clouds and Neutral/Supply/Demand zones you can still use this for reversal setups. Thank you! Great Blue Trading Team
AMEX:SPYEducation
by GreatBlueTrades
Pivots or Swing Highs and Lows- IPivots are essential in many forms of TA- including the TA i mainly use which is Action-Reaction aka pitchforks Pivots may also be termed swing highs or lows Pivots and swing highs/lows may be harder to define than one first imagines I would define a pivot or swing as follows: A focus of Price Action (PA) which becomes a reversal point This is important because either a V shape or inverse V in PA does not equate with a pivot/swing An acute angle in price may become a pivot or swing in hindsight IF it breaks the trend which price was previously moving along G.R.I. Dec '21 KEY P1 pivot one - price in uptrend along blue diagonal P2- becomes a swing high WHEN blue diagonal is broken to the downside P3- becomes a swing low WHEN yellow diagonal is broken to the upside P4- becomes a swing high WHEN green diagonal is broken to the downside P5- becomes a swing low WHEN pink diagonal is broken to the upside P6- becomes a swing high WHEN purple diagonal is broken to the downside P7- becomes a swing low WHEN green diagonal is broken to the upside
NASDAQ:TLTEducation
by Great_Reset_Investing
How to send Divergence signals to your Discord server- Do you have a Discord server set up for your own trading community? - Do you use divergences as part of your trading strategy? - Would you like to send automated notifications to your Discord server whenever a divergence appears on any chart? If you have answered yes to all 3 questions above, please keep on reading. The easiest way to receive automated Divergence alerts to your Discord server, is to combine the alert messages from "The Divergent" divergence indicator on TradingView with a Webhook endpoint on your Discord server. Step 1: Open Discord, and go to Server Settings Step 2: Go to Integrations and create a new Webhook Step 3 (optional): Rename your Webhook to "The Divergent (Divergence indicator)" Step 4: Select the channel you wish to receive the divergence signals to (i.e. #divergence-signals) Step 5: Save your Webhook Step 6: Copy your Webhook URL to your clipboard and head over to TradingView Step 7: Apply "The Divergent" or "The Divergent (Pro)" indicator to your chart and configure it as you prefer (The free version of The Divergent can signal Regular Divergences only, while the Pro version can signal both Regular and Hidden Divergences) Step 8: Create a new alert, select "The Divergent" from the top drop down and select one of the Divergence signals (i.e. Regular Bullish) Step 9: Use the Webhook URL from your clipboard as the Webhook URL of the alert Step 10: Use the following alert message: {"content": "The Divergent detected a Regular Bearish Divergence (RSI) on {{exchange}}:{{ticker}} ({{interval}}) @TradingView #divergence $BTC "} Sample message delivered on Discord: "The Divergent detected a Regular Bearish Divergence (RSI) on BINANCE:BTCUSDT (60) @TradingView #divergence $BTC" Feel free to change the content to match your chart / type of divergence you are signalling in the alert. Note : It is important that you format your alert message as a JSON string, and that you key the message with "content". If you have never used JSON before, it is a good idea to validate your message via jsonlint.com to make sure it is a valid JSON string. Repeat the same steps for other charts / divergences. Create as many alerts, as many markets / divergences you want to signal to your Discord server. If you have any questions, please feel free to post it in the comments section below. If this tutorial was helpful to you, please consider giving it a thumbs up! Thank you!
Education
by WhiteboxSoftware
2
The easiest way to use divergences in your own Pine strategiesDetecting divergences in a Pine indicator / strategy is easy. You simply have to compare the pivot lows and the pivot highs on the price and the oscillator, and if you can identify a difference between the last & previous pivots made on the price and the oscillator, you have likely found a divergence. Using this theory, here is an example how you would detect a Regular Bearish divergence: While the theory of divergence detection is simple, more often than not, things go wrong (the divergence indicator used in the example below is TradingView's built-in Divergence Indicator ): Would you identify this as a divergence? If not, why not? Is it because the divergence line is slicing through the candles? Or because the line is slicing through the oscillator? Or something else? Wouldn't it be great if somehow you could filter out invalid divergences from code, such as this one? We at Whitebox Software were wondering about the same thing, and decided to find a solution to this problem. This is when we realised that while detecting divergences is easy, detecting valid divergences is hard... After several months in development, we are proud to present to you our divergence indicator called The Divergent . The Divergent is an advanced divergence indicator with over 2500 lines of Pine Script, exposing over 30 different configuration options, including 9 built-in oscillators, to allow you to tweak every aspect of divergence detection to perfection. For example, the Line of Sight™ filter in The Divergent would have easily filtered out this invalid divergence above. The Line of Sight™ filter will notice any interruption to the divergence line connecting the price or the oscillator, and will treat the divergence as invalid. This filter is one of many, which has been created to reduce the false positive detections to a minimum. (In later publications, we will discuss each and every filter in detail). Alright, so The Divergent knows how to detect accurate divergences, but how is it going to help you detect divergences in your own Pine strategy? The Divergent is not simply a divergence indicator - it can also emit divergence signals * which you can catch and process in your own strategy. You can think of The Divergent being a DaaS ( D ivergences a s a S ervice)! * Please note, that divergence signals is a Pro only feature. To use the signals, simply place The Divergent onto the same chart you have your strategy on, import "The Divergent Library" into your code, link your strategy to The Divergent using a "source" input, and act on the signals produced by The Divergent ! Here is a simple strategy which incorporates divergence signals produced by The Divergent in its entry condition. The strategy will only open a position, if the moving average cross is preceded by a regular bullish or bearish divergence (depending on the direction of the cross): //@version=5 strategy("My Strategy with divergences", overlay=true, margin_long=100, margin_short=100) import WhiteboxSoftware/TheDivergentLibrary/1 as tdl float divSignal = input.source(title = "The Divergent Link", defval = close) var bool tdlContext = tdl.init(divSignal, displayLinkStatus = true, debug = false) // `divergence` can be one of the following values: // na → No divergence was detected // 1 → Regular Bull // 2 → Regular Bull early // 3 → Hidden Bull // 4 → Hidden Bull early // 5 → Regular Bear // 6 → Regular Bear early // 7 → Hidden Bear // 8 → Hidden Bear early // // priceStart is the bar_index of the starting point of the divergence line drawn on price // priceEnd is the bar_index of the ending point of the divergence line drawn on price // // oscStart is the bar_index of the starting point of the divergence line drawn on oscillator // oscEnd is the bar_index of the ending point of the divergence line drawn on oscillator = tdl.processSignal(divSignal) bool regularBullSignalledRecently = ta.barssince(divergence == 1) < 10 bool regularBearSignalledRecently = ta.barssince(divergence == 5) < 10 float slowSma = ta_sma(close, 28) float fastSma = ta_sma(close, 14) longCondition = ta.crossover(fastSma, slowSma) and regularBullSignalledRecently if (barstate.isconfirmed and longCondition and strategy.position_size == 0)   strategy.entry("Enter Long", strategy.long)   strategy.exit("Exit Long", "Enter Long", limit = close * 1.04, stop = close * 0.98)   shortCondition = ta.crossunder(fastSma, slowSma) and regularBearSignalledRecently if (barstate.isconfirmed and shortCondition and strategy.position_size == 0)   strategy.entry("Enter Short", strategy.short)   strategy.exit("Exit Short", "Enter Short", limit = close * 0.96, stop = close * 1.02) plot(slowSma, color = color.white) plot(fastSma, color = color.orange) One important thing to note, is that TradingView limits the number of "source" inputs you can use in an indicator / strategy to 1, so the source input linking your strategy and The Divergent is the only source input you can have in your strategy. There is a work around this limitation though. Simply convert the other source inputs to have a string type, and use a dropdown to provide the various sources: string mySource = input.string("My source", defval = "close", options = ) float sourceValue = switch mySource   "close" => close   "open" => open   "high" => high   "low" => low   => na --- This is where we are going to wrap up this article. We hope you will find the signals produced by The Divergent a useful addition in your own strategies! For more info on the The Divergent (Free) and The Divergent (Pro) indicators please see the linked pages. If you have any questions, don't hesitate to reach out to us either via our website or via the comment section below. If you found value in this article please give it a thumbs up! Thank you!
Education
by WhiteboxSoftware
2
The Most Powerful Market Timing TechniqueI'll start off this post with a simple question: why do market technicians place such importance on "confirming" particular areas in a chart? To answer this, we must first understand what confirmation is and what its purpose is. As simply as I can describe it, a confirmation is a technical process of elimination. That is, one can confirm a directional price change in trend by confirming that a continuation (at least immediately, relative to the time frame examined), is a technical impossibility. Through many hours of cumulative human observation, we have been able to derive rules that the market follows unconditionally. These types of absolute rules are few and far between, but knowledge of them is critical to swing trading pivot highs and lows, as well as a basis for having confidence in timing the market. And that last piece is what confirmations are all about: they provide the swing trader with enough confidence to risk his or her monetary life without batting an eye in real time. To catch a major peak or trough within pips of the true high or low (especially in today's leveraged markets) is not only immensely difficult but is also a psychologically torturous undertaking. The outcome of success is immense wealth accumulation in a matter of minutes; no other platform exists in this world where one can turn their life around in such a short amount of time without it being a function of pure chance gambling (like the lottery). In fact, if one can master the art of confirmation (which is to say that one can implement techniques like the monthly time cycle convergence displayed above), then it becomes possible for one to be nearly certain of achieving the highest form of monetary return that is offered in all of financial markets. I would say that a situation like the one we have here and presented above, offers at least a 90% chance of success; insofar as one can succeed in using short-term options leverage to catch the top or bottom of a major turn and yield something in the ballpark of 10,000% return in a week. At the very least, I'd say that the probabilities are such that the techniques are worth serious examination from serious investors with serious amounts of risk capital. So now that we've covered what confirmations are and how they can be of enormous assistance to the patient swing trader, I'd like to discuss this so-called "Most Powerful Confirmation in Technical Analysis." The technique is a simple trial-and-error test of a particular time period that is surmised to contain a "significant" sub-period of time that serves as a major turning point in markets. For example, my hypothesis is that December of 2021 contains a sub-window of time within the monthly time interval that contains the all-time high price in the S&P 500. My initial reasoning is unimportant; the point is that I have a hypothesis of a major directional change in markets and I want to confirm it as much as possible before I seriously consider acting on it. Thus, I will first look to prior major peaks and troughs over the last 20ish years (Cycle, or Supercycle, in Elliott Wave Terms), and measure the number of months in between these points and the current month to see if there are any numerically-significant matches on at least three of them. What do I mean by numerical significance? I mean that it is an observed fact that there exist certain additive sequences (like the Fibonacci Sequence) that ultimately dictate all price movements in free markets. I will not discuss the myriad sources and hypotheses that propose reasons for why this is; I am going to assume that the collective literature is proof enough of its apparent existence. In any case, my goal is to measure the number of months back to each major high or low and see if numbers like "21, 144, 233, 377, etc." come up in these measurements, and if so, how many of them are there? In addition to fibonacci-number monthly counts are "natural roots and squares," whereby a monthly count is a number that can be perfectly squared or rooted to a whole integer. Further, if the root or square is geometrically significant (i.e. a multiple of 2, 3, or 5), then it may serve as a double-confirmed count and provide the swing trader with even more confidence to pursue his swing conviction. Lastly, if the monthly count on any historically significant peak or trough point in time is a natural root or square, is geometrically significant, AND IS ALSO a Fibonacci number, then you have a triple-confirmed count and even more certainty that the month under examination is a future cash-cow. An example of a triple-confirmed count is 144 months back because 144 is 11th fibonacci number, is also the natural square of 12, and 12 is of geometric significance because of its additive/multiplicative relationship with 3 and the root of 3 (which derives the mathematics of triangles and trines). To wrap this up, the chart above shows that EVERY MAJOR PEAK AND TROUGH over the past 20 or so years spins out monthly time counts of numbers that are categorically relevant to the aforementioned criteria. If I wanted to be even more precise than to say "December 2021 will contain the all-time pivot high," then I would conduct a similar analysis, but on a weekly timeframe using a lookback period of about 5 years. The peaks and troughs will be of one lower degree than those of the monthly analysis, but will similarly provide counts that all spin-out signficant numbers if the week that I am examining, is in fact, the correct week containing the major turn. I call this iterative process of trial-and-error "Time Period Convergence" as a general umbrella term for this all-powerful type of analysis. However, the sky is the limit in terms of precision and one could theoretically work his way down to the exact second of the major turn if one has already confirmed numerically-significant counts on the monthly, weekly, daily, hourly (most important for short-term swing trading, FYI), 30-minute, 15-minute, 5-minute, 1-minute and 30-second timeframes, as long as one has access to live data that can feed in such timeframes. Since I began with a simple question, I will leave you with a simple question: Do you think still think it's impossible to time markets? -Cyc-Pig-lycal Convergence SP:SPX NASDAQ:IXIC TVC:DJI TVC:RUT
SP:SPXEducation
by UnknownUnicorn5511258
5