Gold & Silver Have Confirmed An Attempt To New ATHsWatch this video to understand how Fibonacci Price Theory suggests Gold & Silver are moving in a bullish price trend - attempting to break recent resistance levels.
I believe Gold and Silver will continue to rally, reflecting global capital risk factors, and break to new ATHs before the end of 2024.
My target for Gold by Dec 31, 2024 is $3030-$3250.
My target for Silver by Dec 31, 2024 is $34.5-$37.50.
Here we go.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Risk!!!
BTC...a big move is brewing!Bitcoin keeps finding sellers off the SWB:69K previous all time high 2021 resistancce.
We have not had a definitive break above that are for quiet a long time.
If the bears reject price again were likely going back to 50K.
If the bulls can get above this level and hold some weekly closes we may have a move to 95K in a few months.
Very ley price action is set to unfold.
Use caution in this are.
Bitcoin Is Trading At The Support As Stocks PullsbackHey traders
I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait on much better timing for potential long entires, which can be maybe after summer, or during elections when normal markets tend to be in bull run. Additionally, any rate cut later this year can be alos supportive for stocks and other assets.
When I look at bitcoin, I think that 50k is very good potential support; if it gets there.
Have a nice weekend.
Grega
Risk Management Guide for Beginner TradersHello traders.
In this video, I delve into the fundamental principles of risk management tailored specifically for beginner traders entering the world of financial markets. I start by emphasizing the importance of understanding risk and its implications on trading outcomes. By setting clear goals and objectives, traders can align their risk management strategies with their investment aspirations.
We explore practical risk management tools such as stop loss orders, which act as a safety net to limit potential losses on trades. Calculating position sizes based on risk tolerance and stop loss levels ensures traders are not overexposed to any single trade. Continuous monitoring and review of trading performance enable adjustments to risk parameters in response to changing market conditions.
I also shared some tools that can be used to help make the process of calculating risk efficient and accurate. By mastering these risk management techniques, beginner traders can safeguard their capital and embark on their trading journey with confidence and resilience.
How to backtest Signals with different Risk to reward ratioHello traders , this is my very first video on this platform, so please bear with me as I plan to make better content in the future.
In this video, I aim to show you how to test your trading signals using various risk-to-reward ratios. The goal is to identify the most suitable ratio for your signals and create a profitable strategy.
What's crucial in strategy development is effective risk management and selecting the right risk-to-reward ratio. You might have a signal that performs poorly at a 1:1 ratio but becomes profitable at a 3:1 ratio. I'll explain how to use this indicator and why it can be highly beneficial for your trading.
In this section of the video, I'm demonstrating how to apply this method to internal signals like RSI, moving averages, and Supertrend.
Additionally, I'm planning to create another video to teach you how to backtest your own external signals.
Please let me know if this is something you'd like to learn more about.
How to: Dynamic DCA with Risk Metric [Live Backtest]Hi Everyone,
This tutorial is a live backtest demonstration of a basic Dynamic DCA strategy using my Bitcoin Risk Metric and how it performed in the 2018-2021 BTC market cycle.
The risk metric quantifies the risk of buying BTC at any given time, highlighting periods of overvaluation and undervaluation. A Dynamic DCA strategy allows the user to:
Accumulate BTC during periods of undervaluation.
Lock in profit during periods of overvaluation.
Grow a cash position (undeployed capital) to take advantage of periods of extreme undervaluation.
I hope this tutorial is informative and gives a clear picture of how the @panpanXBT Bitcoin Risk Metric indicators can be utilised to guide decision making.
Please refer to the ideas linked below for information on how to gain access to these private indicators and strategies.
What is an "R"? Discover the Most Popular Way to Manage RiskUsing R multiples is one of the most widely used strategies by professional traders for managing risk and tracking results. The R multiple concept is extremely easy to use and implement into your own strategy. With this simple idea, money management will become a breeze! If you have any questions or comments I would love to hear them!
⚠️ 🔥 Systemic Risks Alert & the 3 De-couplingsThis is long 20 min video. I think i reached the limit as i didn't manage to finish the recording but you will get the point. You better get the point or you might run deadly risks going Long or Short....
I am going to start with the 3 de-couplings:
1. China-US Decoupling
2. Banks - Crypto decoupling
3. Crypto-Indices decoupling
I cover all 3 in the video plus i offer my insights on how to approach the trading part (hedge mode is ON).
Potential Systemic Risk events:
1. Banks.. not looking good, it's quiet now but willit be under control?
2. Attack on the petrodollar. Will US lose the superpower status? Ask Saudi Arabia
3. War. Will it stay just in Ukraine? Combine it with (2) and it could be bad.
Links:
thediplomat.com
www.middleeastmonitor.com
news.sky.com
tvpworld.com
goldswitzerland.com
Allow me to be worried..or if you don't agree with me you might want to agree with Ernest Hemingway: “the first panacea for a mismanaged nation is inflation of the currency; the second is war”
www.forbes.com
Stay cool, this is just history in the making.
The FXPROFESSOR
(Bitcoin sounds like the best option)
2 Free Online Games that Have Helped Me Become a Better Investor2 Free Online Games that Have Helped Me Become a Better Investor.
So Im in the middle of reading the " A Man of for All Markets" by Edward O. Thorp, and its fascinating. Hes a mathematician who proved there was a potential edge in blackjack (21) based on the cards that were left in the deck. He also went on to be investing fund manager who focused on covered calls and warrants and had a consistent track record for 20-25% annual returns. But his logic covered in his book focused on not only the odds of winning but the sizing of bets in both playing games and investing.
Risk management and bet sizing is not spoken about enough in life I believe. In the age of YOLO and wall street bets, clearly its not celebrated enough. A YOLO bet is a massive bet because 'you only live once'. how silly mathematically and how foolish from a consistency basis. Been there done that.
Bet sizing is key for survival. If you cant endure and survive long enough to be massively right, then your out of the game.
In the video I share 2 games that I think are awesome for practicing these concepts. I really I had learned to play and practice these concepts in games like this in college or high school. Its a math simulation. the Coin flip game is fantastic for learning how to manage risk and bet sizing. The Cashflow game by rich dad poor dad is awesome for taking investment habits and cash managements and applying them into a mini lifecycle that rhymes with real life.
If youre new to investing, or just sharpening your skills, I definitely recommend both games.
Have a great day, Cheers!
How to connect your OKX account to TradingViewHello TradingView Family, this is Richard, also known as theSignalyst.
In this video, I will go over how to:
1- Connect your OKX account to TradingView.
2- Spot Trade example
3- Futures Trade example
4- Calculate your risk per trade
Hope you find it useful 🙏
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Key week reversal on the gold marketThe key week reversal and break of a 2-month uptrend all point to a deeper sell-off for the gold market short term.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
BRIEFING Week #36 : Volatility, Seasonality & TrendsHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
MRI, SPX divergence is a bull trap, not a bull run.we point out that the current SPX levels is as high as they were in late May, however MRI levels were higher, then.
we were also unable to test WMA200 in daily chart, something we're doing right now.
this could be a divergence, or SPX could be front running our MRI.
in case SPX is a front runner, we'd expect a side way move withing the depicted gray box, just above the WMA200.
in case it's a divergence, that would suggest a bull trap instead of a bull run. thus, we'd expect a false WMA200 breakout, topping most likely at the top of the box, reversing afterwards.
thank you for your attention.
best regards.
Our MRI3 picked. BTC likely to have, as well.Our publicly available Market Risk Indicator v3 (MRI3) has clearly picked in late July.
We believe BTC prices have as well, thus making the top of 1d chart ichimoku cloud the bound of current move.
This alone suggests SHORT as the proper side to be in for the time being.
Thank you for your audience.
best regards.
Risk/Reward Tutorial - The Holy GrailThe traders who learn to view and think about trade setups in terms of risk/reward are the ones who end up making consistent (albeit massive) amounts of money.
My personal strategy looks something like this:
Using the 4-minute chart as the earth rotates 1 degree every 4 minutes.
𓃭 0.50% stop-loss measurement
𓃭 1/2 profits at 1.30% level and move stop to break even.
𓃭 2/2 profits at 1.50% :: (or 1.70%)
𓃭 Wait to enter trade at the previous 2nd candle base break up/down and skip trades that are in consolidation where the direction is not 100% clear.
Keep in mind that my signals are so precise (indicating near exact future pivots) that I am able to use such a tight stop-loss, but this wont necessary work for the average trader. This video is merely meant to serve as an example of how to work out ratios for yourself.
Knowing when not to take a trade is just as important as when to take a trade. Don't enter a trade if you are not confident, as it will only damage your equanimity. Don't let greed or fear destroy a good thing. Those emotions + impatience and lack of self-discipline are obstacles that prevent 97% of novice traders from ever succeeding in maintaining a long-term professional career.
You should be operating as any casino or business would, do not gamble with your business.
At the same time, allow yourself to make endless mistakes with ease and grace, knowing that if you want to succeed baldy enough and you never give up, you will find a way to realize your dreams!
Mistakes are a right of passages. Excruciating lows and euphoric highs are what everyone experiences on the road to success.
The 97% will give up along the way or never even attempt to begin with.
Stonk-Crypto Update (#9) : The Worst May be Behind usHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Is Trading “Gambling” or “Risky” ? Explained in business terms.Hi everyone:
The question that most people will ask is whether trading is the same as “gambling”.
Throughout the 9 years of my trading journey, this has always been brought up and asked about many times.
Of course anyone is entitled to think based on their perspective and view, so I am not here to argue or convince them otherwise.
Rather, I am here to share some key aspects of what I learned in trading for the last 9 years,
as well as years in the business world to discuss the difference between “Gambling” and “Risky” in trading and in business.
Most people who have never traded in their lives, but have heard about trading, usually assume trading is some sort of get rich quick scheme.
They often assume it's a type of “gamble”. Since most people around them probably lost money in trading.
It's not surprising as the statistics don't lie, 90-95% retail traders lose money in trading and quit eventually.
But what most people don't know is “why” and “how” they lose money in trading.
It's usually a combination of poor mindset and emotion.
No systematic plan, no risk management, get rich quick thinking, revenge/over trading, fear of missing out, and alot more psychological issues.
They did not put in the time and effort to succeed. Which then resulted in traders losing money and quitting.
Eventually making up excuses of why they fail in trading, and blame the market, the broker, the strategy.
All these no doubt also resulted in what normal people will say trading is a “gamble.”
On the other hand, is trading “risky” ?
Trading is just like any other businesses out there, that will be risky due to unforeseen circumstances.
Businesses face external factors that they can not control, just like in trading. Businesses have internal expenses, overhead costs, labour, loans, C.O.G.S…etc as well as many competitions within their respected industry.
It requires hard work and determination to succeed. Even for larger businesses that are where they are today, they were all risky when they started.
Was Amazon Risky ? Was Tesla Risky ? Was Facebook Risky ? Absolutely. But that did not stop their owners from putting in maximum effort and time to make it work.
Trading is no different, you are the owner, director and the CEO of your trading account.
So, don't confuse and get “gamble” and “risk” mixed up.
It's up to us individually to acknowledge and understand the difference between the two.
The truth is, successful traders understand the difference between “gamble” and “risk”.
To remove the “gambling” aspect from trading, is to have a well written trading plan, proper risk management, right trading psychology, positive mindset and control emotion.
Whatever strategy you decide to implement is not really the cause of your success or failure, but rather those I mentioned above.
This way, you remove almost all the “gambling” aspect away from trading, and it is now “risky” but bearable for you to handle.
Will trading always be “risky” ? Sure, it is a business and anything can happen unexpectedly and out of nowhere.
But successful traders understand the importance of treating trading like a business, so contingency plan, back up plan, trading plan, management plan,
and much more should be carefully thought out so you will know what to do when you are hit with sudden surprises like in a business operation.
The worst thing we can do is to not be part of any “risk”. If we are so relaxed, laid back, and have no stress to motivate us to move forward, then we stay within our “comfort” zone.
We become so glued to our 9-5 job which we then think it's safe. But, we will forever be in a rat race against many others who are better than us in credentials that will land that higher position/salary that we want.
“So to me, without taking a “risk” in life is the biggest “gamble” that you can do in life.”
Welcome to let me know and share with everyone what you think about this topic :)
Thank you
Jojo