VIX / 2H : Volatility expected to grind back up...Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle.
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Risk
EURUSD Short at supply areaOn the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias.
On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better entry point and so we are entering now instead.
Hopefully we can get a small bounce for a 1:1 Risk:Reward, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrader
USDCHF long at demand areaUSDCHF is moving up between higher timeframe supply and demand zones, far from overbought levels. It is also in a 4hr uptrend which leaves us with a bullish bias.
We are currently moving out of a 4hr demand area which has previously shown big strength, breaking the top on 9/5-2018. Due to the new week, I wanted to wait for a couple of hours for the market to stabilize before trading. I think the market is now fairly stable and so I go long from the current price.
Hopefully we can get a quick upmove for a 1:1 Risk:Reward, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrader
UFO revelations could rock the world's financial markets. This is under the category of 'Beyond Technical Analysis'. It is about systematic risk i.e. something previously unrecognised that causes major upset in markets. What's *UFOs* got to do with this? Just about everything.
Your world has been built on a sense of security that we are alone in the universe. People's religious beliefs, their sense of who is in power and so on has depended on that for the last few hundred years.
Now as World *UFO* day - 2nd July 2018 - approaches there is emerging evidence that *UFOs* are real. I do not say that everybody will suddenly change their belief systems overnight. What a lot of people do is, avoid or ignore hard evidence - especially the kind that causes them anxiety. But some people in a minority are different - they are swayed by evidence.
What does it mean if *UFOs* are real - and no longer a joke. For starters it means that there is a power greater than governments and financial institutions. That is then likely to cause fear and uncertainty in the minds of some. What if the *UFO* people decide to take control - for example - is a thought that will cross the minds of some.
Read around and see how secret files due to be released from the National Archives were withheld.
Further references:
See this article: Are we alone? Scientists revisit the question of aliens before National UFO Day
And
Secret dossier reveals British spies spent half a century trying to catch a UFO so they could use its alien technology to build SUPERWEAPONS
Dr David Clarke's guide - 15 pages cross-referenced to the National Archives.
There's something going on out there and they don't want you to know about it.
IOTA Setting Up for a Nice Trade Iota, as you can see, has dropped to the lower Fib levels and is primed for a breakout.
Wave anaylsis states a Long position at the moment.
The issue, of course, will be if BTC can at least trade sideways for a couple of days to let us get some quick day trades in.
Because of this, this is certainly a high-risk trade.
Targets:
1. 0.00020216
2. 0.00021391
3. 0.00023343
4. 0.00024483
Risk management demystified, examples and facts proven.Greetings, I've spent a considerable amount of time trying to find the magic formula to stay profitable, I've read books, I've heard speeches, I've talked to pros, and I've stayed profitable, BUT... I've also lost quite a bit, I tried coding my strategy to see how it would really perform without sentiments, as executed by a machine and I was really suprised, no strategy surpassed the 40% profitability mark, so I decided to write down the axioms of my trading strategy and code them the best I could, these 5 axioms are:
1- Direction of the entry, two ways to do it, follow the trend or pick a reversal point.
2- Entry point, if following the trend use momentum indicators, if reversing, candlestick patterns, S&R or trailing stop buy/sell orders are good.
3- Risk management, specially trailing stop loss.
4- News handling (this might be included in point 3, since it's mostly updating your stop loss before big news.
5- Favor the most likely trades out of the 29 pairs. (this one can't be done on trading view obviously)
For point 1 there are a lot of AWESOME indicators out there:
RSI, MACD, Stochastics, EMA, ALMA, BB, ichiomoku, renko, heikin ashi, and many many others, including my own SCSM indicator.
Point 2 isn't as important as many may think, and I will prove it later, however in order to avoid unnecessary risk I would say to avoid opening positions near major news releases.
Point 3 is the core of this idea and I will explain it in detail later.
Point 4 is important too, but not crucial for longer term trading, the really important thing about news announcements are the price spikes and the SL hunts, meaning you need to either widen your SL or close and reopen or tighten your SL considerably.
Point 5 is one of the most important points, there are many symbols to trade, and while I don't encourage trading everything at the same time, diversification helps reduce risk and why trade two weak currencies when you can trade a strong against a weak?
Now, to point 3, take a look at the chart of the idea, a profitable GBPUSD strategy on the daily candle over 10 years, blue arrows mean buy at the open, purple arrows mean either SL or trailing stop loss close or condition close (such as too tight BB for example), red arrows mean sell at the open.
Now, take a look at this chart:
imgur.com
I need to use external sources since TV doesn't show the strategy results in the snapshots, sorry for that.
Anyways, the strategy IS profitable even taking the opposite signals, HOW!?!?!?!, that makes no sense, or does it?
The trick is simple, though the number vary on each symbol, for this particular case (GBPUSD) the strategy opens a trade and places a SL 2400 ticks away from the price. Now, if price reaches 750 ticks in profit it activates a trailing stop loss of 750 ticks, meaning it will breakeven or earn cash no matter what. This may sound a little weird at first, since the risk is higher than the reward in theory, but remember that markets are VERY volatile, it's very possible for a trade to hit those 750 ticks in profit in one or two days if we're in a range, not to mention if we are in a trend. Let's tweak those numbers and set the signals normally but with a 200 ticks SL and see what happens...
For starters, THIS happens: i.imgur.com
Meaning we get stopped too often, causing serious psychological damage, so I'm going to reduce the test to only 3 years and look the results...
imgur.com
Wow... just wow, too tight SL is a sure formula to losing, but what about tight TP?, let's do the math again, increasing the SL and using a small TP, for 200 ticks TP and 1000 ticks SL this is the result:
imgur.com
I've reached the limit of characters for this idea, but I'm not done.
EURUSD AT A DAILY SUPPORT LEVEL SOON Looking at the daily chart of the EURUSD we see for now a clearly bearish trend. But with the upcoming support/resistance going hand in hand with the fibonacci level of 0.5 im looking for another bullish move. A trade setup could look like the green and red box with a pending buy limit order right on the levels.
RIsk management with REAL trades not examples from past dataThis is a sequel to our first post on risk management with trades we have actually executed and not using examples from past market data.
In this chart, we show how seven trades would be executed and with said trades increase our profits while minimizing our risk.
Closing our trades early protect us from any possible "flash crash" situations.
You can have a 30% trade success rate and still be profitable, or even have a 90% winrate and not be profitable.
We use real trade examples in this chart, with all of the details below. Even the losing ones. Make sure to browse them if you like by clicking them below.
POST 1
POST 2
POST 3
Take note that no matter what, we stick to our original trade plan and once our stops get hit we'll just take the loss then sit on the sides waiting for a new trading opportunity.
POST 4
POST 5
Closing our position at a high price when we see an indication of price reversal allows us to re-enter at a lower price and buy more with our initial position.
In these specific trades, we use resistance, support, candlestick patterns, and flag patterns as our confirmations.
Closing our position at a high price when we see an indication of price reversal allows us to re-enter at a lower price and buy more with our initial position.
With every trade that is made, stops and take profits are adjusted with each position.
Hover your mouse cursor over each area to see why a trade was executed!
There are trading opportunities every day. Don't be in such a rush to always have a position open. Trading emotionally is an easy way to get burnt.
These calculations are based on the starting principle of $1,000 USD
** We actually lost less on the trades that didn't go through, because we can adjust our stops to our entry so we'd lose nothing but thats a post for another day! **
FAQ
Now how can you use this strategy to your benefit?
When you open a position and have your stops in place, and when you're in profit keep a close eye out for reversals; when the price begins to reverse
close your position and continue to observe the price. When the price is done correcting and is lower, watch for a bullish reversal to continue its run.
When this is done re-enter with new stops.
I don't trade flags or some of the techniques used to predict a movement. What should I do?
Regardless of how you predict price movements, you can refer to this as a way to trade a market consistently in order to make more profit while minimizing your risk.
This is merely one example of how you as a trader can create a trading plan that you stick to consistently to make pips!
What if you closed it and it kept going up?
At times it's better safe than sorry. we do this
Why not just hold?
In some markets, a price can reach a certain point and not return to it for months or even years.
I definitely don't have the time to be watching charts constantly to be able to do this!
Anything worth doing is worth overdoing. Besides, Tradingview has very nice tools available for all of us to enjoy.
Simply setting an alert on a trend line will help!
We appreciate all feedback and suggestions if you have any feel free to comment below!
Wish you all the best. Have a great weekend everyone!
Weekend Quickie- Time to Pick Up Some Protection, Puts on the Q?Are there many reasons for the overall market to go higher?
Other than the resolution of U.S. and China trade concerns, there don't seem to be a lot of good reasons for the stock market to rise as a whole.
Back in March, traders were discussing "the most anticipated selloff of all time" as trade, political, and monetary fears were sending the market down off its highs.
Concurrently, traders were gearing up for a meteoric advance in prices as earnings came in strong.
Judging by the price action, these two theories are in vigorous, directly opposed but equal competition with each other, and as a result we can see the QQQ trading in a volatile stalemate.
Indeed, most earnings are coming in very strong, but with undertones of lackluster guidance. Guidance aside, market wisdom dictates that good reasons are needed for prices to climb (traders\investors often need good reasons to buy), but prices can fall on their own account.
Are there many reasons for the indices to head higher?
Are there many reasons for the indices not to fall? As uncertainty continues, traders are considering downside protection with puts or short positions on the market, even as upside bets are being made on certain stocks and sectors.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
LOOM: Example of utilizing R:R based on FIBS/PatternsJust an example to help a fellow trader (hopefully)
STOCK TRADES MAY 15TH ARE YOU SCARED OF TRADING REVERSALS?Ever wanted to know how to trade market tops and bottoms?
If so drop a comment below.
Meoh Short Trade- Stop 71.30 Entry 68.55 Target 1 63.05 2:1 Target 2 60.3 Target 3 optional trail
Short setup is forming as market retest range highs
www.tradingview.com
NBIX- ENTRY 90.92 SL 95.01 T1 86.92 rr 2:1 T2 77.01 rr3:4
Short setup is forming as market retest range highs
www.tradingview.com
TROW ENTRY ON OPEN 117.30 STOP 120.30 TARGET 114.30 rr 2:1 TARGET 2 106.30 rr 3.66
short setup is forming as market retest range highs
www.tradingview.com
Today's Lesson (#4) : Adjusting the leverage to volatilityIn this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage.
That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted.
All of this is well known as gambling problems. And the recent flow of beginners who went to the markets with hopes of easy gains, most are now feeling the painful experiment of what the market is doing to fools.
So I hope you'll learn something important today with that lesson. Cause if you don't, then you'll probably have to learn it the hard ways later...
BUY USDJPY-Bullish Divergence & continuation of a strong trend Friday's low and close to 61.8% of the 108.65-110.02 rise. Looking for uptrend to resume and clear May's 110.02/05 highs, the 200-DMA at 110.18 and 61.8% of the 113.75 104.56 drop at 110.24, for a run at 110.85, Nov's low & 61.8% of the 114.73-104.56 drop.
Source:eFXplus
Gold - Could Jump Towards 1380 If Risk Enters Into Play=> Inflation recently slowing across US, EZ, UK et al other major economies we have only one side of gold in play here... risk . Volatility is set to increase in May as tensions in the Middle East, namely Iran continue to escalate. We are setting the stage for war and commodities (namely oil and gold) are the beneficiaries of risk flows.
=> FED hikes in May are now swimming in done deal territory after yesterday's FOMC with bonds expected to remain choppy for the next few months after confirming the widely anticipated 3%.
=> USDJPY has defended the 110 barrier after USD bulls looked for reassurance despite the momentum. Profit taking is partly to blame here.
=> If inflation enters back into the picture we can escape towards 1400 although we don't see inflation in play till Q318.
In any event, smelling more panic here in foreign policy over the coming weeks.