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SPX (S&P 500 Index)

🥇 How We Use Our Strategy With Split Times. (Trading Strategy)👋 Hello, I hope everybody is having an awesome week with their trades! 😁 We here at MLT | MAJOR LEAGUE TRADER want to walk you through our time split system with the crossover strategy and the ema dots indicators. Let's take a look... So what we will be using in this example today is USO (United States Oil Fund) Top chart (12 Hour Timeframe) Bottom chart (1 Day Timeframe) All markets have trends and at the end of the day your job as a trader is to play the accumulation or the distribution zones aka turning points in the markets to ride the next trend. We use this color coordinated system to help identify when a turning point is taking place in whatever market it is that you're trading. You can apply this method to any chart timeframe. If you want to scalp the 30 min, then you would have a 30 min chart and a 15 min chart. Split the gimeframe that you are focused on playing. We use the split time for an earlier confirmation play to lead into a larger timeframe to secure that early entry for the bigger swing to confirm and play out. We also will use the split time to exit the trade when we get the sell confirmation. (Long / Short | Buy / Sell) Now let's talk about the process... Green represents an uptrend. Red represents a downtrend. When the 12 hour timeframe on top closes we will get either a green or red candle / ema dot close. Same with the daily chart on the bottom. Simple... So what we look for is the early entry on the 12 hour. We want the candle to turn green, preferably a doji. (Candle that looks like a plus sign, tight price compression) We want it to close green candle and all 3 dots below to align green with the close. If only 2 dots out of the 3 are green we do not enter! Same concept for red. We will get the signal for a buy on the 12 hour before we do on the daily meaning that we will secure a better entry price vs just using the daily by itself. Once you get confirmation on the 12 hour we hold that position and set a tight stoploss in case if it was to sell off. Once you take the buy you place your stoploss, diversify your funds and let it play out. If you get stopped out than you get stopped out. Take the trade and let it play out. As the 12 hour begins to close every 12 hours you will either see it start to form bigger green engulfing candles which shows buyers are pushing up the price, which is a good sign for your buy or you will start to see it shift towards going red which would obviously represent a sale or a short position. Your job is to play the turning points in the markets and play that turning point range till you capture the next move. Markets go up and down, they don't stay sideways forever. Risk a little on stoploss in the range play and ride the next long term move. Trading is a game of probability and risk management. Even if you don't understand structure, support and Resistance or all the more advanced tools of the trade this will help make it easier on you to understand as a trader. SIMPLE IS BETTER! 👍 I have drawn vertical lines to represent where the buys and sells all lined up from the candles to the dots. Those are your opportunities to enter on the 12 hour. Now if you look below you see that the daily actually stayed green from the very start of the first trade taken at the bottom of the trend on the 12 hour. The dots on the daily never closed red until the very top of the trend where we finally got all red to line up. That's another option to consider. You can use the split time to take more opportunities and trades for potential of trend changes. Or you can buy the first line up on the 12 hour and hold it till the daily is actually aligned red for a much larger swing trade position. If you did the second option you would of generated around 50% in gains from just one trade! I hope this helps anybody that is struggling with trading and wants to learn how to get early trend confirmation on a specific timeframe that you want to trade. Swing trade or day trade any market with this strategy! You can message me if you have any questions that you would like to ask. Please don't forget to smash that like button! ✌😁✌ Have a great day, Take Care! 🍻🍻🍻 🥇MLT | MAJOR LEAGUE TRADER
AMEX:USOEducation
by UnknownUnicorn2319099
6
The New Arrow Marker Drawing ToolThis chart shows the S&P 500 since its lows in March and the current rally since those lows. The market is on the verge of creating an epic v-bottom. To highlight this move higher, we've added a big green arrow to the chart that you can't miss. That's the new arrow marker drawing tool that you can start using today. The Arrow Marker is a convenient pointer used to highlight certain moves or ideas on your chart. You can use the Arrow Marker as simply as you would a Trend Line. The arrow’s position is set by two different reference points, the second of which determines the arrow’s direction. You can also add custom text to the arrow drawing tool, like what we have on this chart where it says "An epic v-bottom." To get started, open the arrow's Settings and go to the Text tab. We hope the new Arrow Marker Drawing Tool adds another layer of analysis, creativity, and possibilities to your charting. We have some exciting new drawing tools coming in the future, so please stay tuned.
AMEX:SPYEducation
by TradingView
8
Update - My post April 2, 2020, "Bitcoin & Big Oil" Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar Index if close below 98.82 (Mid point of volatility Mar 2020) see what happened to SPX when closed below 95.48 (Mid point of volatility Aug 2015) March 2016. NOT ADVICE. DYOR.
TVC:USOILEducation
by UnknownUnicorn2181194
INDEX and JPY - A CLOSE RELATIONThats a big text but may add something to your knowledge about how the markets work. I will explain a the reasons that made me confident about all those JPY trades, and that was the STOCK MARKETS. I'm a full-time trader on the Brazilian stock market, it has some peculiarities right now, with all the political noise we are having here. But my knowledge regarding stock markets also helps when trading Forex, as I need to analyse all major indexes, mainly Dow Jones (US30) and S&P 500 (US500), which are the main indexes of the world economy. Those last days they seem to be so weak, not managing to break resistances and making lower lows since the top of the pullback on the end of April. It was ranging in what seems like a drift pattern, around the 61.8% Fibonacci zone of the whole crash. I think that know we can confirm this break. That being said, let's head to the JPY situation. Japan is one of the most stable economies on the world. And most trusted too. Linking that to Forex, their currency, JPY, is considered a "SAFE HEAVEN". It means that it is often used as a secure currency, safe place to put your money in on RISKY TIMES on the financial markets. And that's exactly what we are seeing right now. As more people wants to get in JPY, the xxx/JPY pairs tend to move to the downside. When the JPY pairs had all the same setup, testing the trendlines , I went in. And that was one more signal that the stock markets were about to melt: people running to buy JPY. Banks and big players always are positioning themselves looking at the big moves coming. They were buying JPY just before the stocks fall, and that can be seen on the charts. With all those confirmations, I'm still holding the trades right now and will update here and in my Telegram channel if I think prices directions may change. But, for now, no sign of reverse on the stock markets. At least, I expect it to go to the 38.2% retracement as drawn in the chart. Keep and eye on the channel and my profile for updates, I will be trying to help as much as I can and show my positions. If you liked it, please leave a like for me to know if I should make more of this. And, of course, recommend to your friends. Good luck on trading and KEEP SAFE.
CME_MINI:ES1!Education
by Thomas_Juchem