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NZDCAD(1D) - rare optimal opporunityNZDCAD(1D) rarely shows a very-sharp ATR switch. There are some interesting features in the price action which create probabilities for the south at this particular time. I've labelled this a potential short (note disclaimers below). If you short this, you have to be prepared to lose your stop-loss. I do not give advice - so nothing on stop-loss. If the bull rebellion is crushed to the south, I do not know how far price may move south. This could be a long term trade, designed only for traders who can wait many days for it to unfold. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Short
by Captain_Walker
4
BTCUSD 12h obvious long tradeAfter forming a beautiful double bottom pattern, BTCUSD clears key resistance level at 11600, which coincides with it reclaiming previous rising resistance line as a support. In addition it moves above ema20. MACD prints a buy trade signal as well. We therefore enter a long position, targeting 12500-13000 area and placing stop loss below the recent double bottom. We will also consider exiting the trade if MACD shows a sell signal and/or RSI moves into the overbought area above 75
KRAKEN:BTCUSDLong
by PurseLance
NIO:NYSE - SuperTrail and Trade Station working togetherLot happening in this chart of NIO, but thought I'd just show you how a live trade looks in TradingView using Trade Station. You can see on the right hand side where I bought the stock (added automatically by TradingView and doesn't move), and where my current stop loss is set (this one I can adjust and move up and down to change my stop). I could also add a take profit (also adjustable) if I wanted to try and take advantage of spikes - like in this case where it spiked just short of $21 before pulling back. You can see at a value of 20% for a SuperTrail / Trailing Stop Loss where I have entered and exited the trade (as confirmed by the Trade Station buy line). You can also see the approximate gains made if you had trusted and followed the trail. I think its interesting how before and after the buy and sell the 20% signal remained true for this period. Best thing I like about the trading integration with Trading View is how easy it is to visualise where your entry and exits are, and you can literally just drag the line up and down to change your position. Its cool. I like it.
NYSE:NIOLong
by zAngus
The Big Scoop! Gold v US DollarFollowing up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY). Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'. COVID popped the baloon that was expanded recklessly for about 11 years. The FED then put 'sellotape' on the balloond and did a fair job of reinflating it, with more 'air' of course. The effect of panic-striken money printing was to cause a loss of strength in the US Dollar against other currencies. Other factors like trade and price of Oil also account for Dollar strength in part. So post-COVID,around April to end of May 2020, the Dollar took on a decompensation pattern and crashed. It could get even worse, as today the FED re-affirmed it's commitment to doing 'whatever it takes'. This is probably not good news for the Dollar, but it's good news for those seeking upside on Gold. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
TVC:DXY
by Captain_Walker
1
Using Stop Loss correctly | Do not set up Stop Loss in AdvanceCONTENT 1 - Reason Why you should not set up Stop Loss Orders in Advance. 2 - The Best way to Use Stop Loss. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Why you should not add your Stop Loss in Advance? If your stop loss is placed with a right logic then market will respect it. Market will test the stop loss again, giving you the chance to exit out. Stop Loss are mostly placed in an area where bulls and bear swap their positions. Bulls will be selling their longs and bears will be buying their shorts at stop loss. Consider it as a Breakout point. Market breaks it and then tests it again in form Pullbacks. 80% of the time you will see the stop loss is tested and reversing under 5 bars. Traders who use tight stops just above minor high/lows are trapped to exit from the market. 1- Stop Loss is tested and reverses back to entry direction. 2- Stop Loss is tested with a Breakout in opposite direction and pullback is made to Stop Loss. When bulls and bear swap their positions, all of the weak bulls and weak bears are out of the market. Only the aggressive bulls and bears are controlling the market. 1 – Aggressive Bulls and Bears They add more to their position at stop loss area because they are betting on Reversal to Fail and they mitigate their risk by- a - Exit breakeven on their first entry and profit on their second entry. b – Exiting Breakeven for first and second entries. 2 – Weak Bulls and Bears They are mostly beginners and are afraid to risk more. They find more suitable to trade a good risk/reward than high probability trade. They set stop loss near to the previous swing High/Low. Once their stop loss is hunted, they are out of the market. They will only trade when they see confirmation of trend in either direction. What is the best way to use Stop Loss? Market loves to trap to traders, especially weak bulls and bears. Setting up stop loss in advance always creates a level of Micro Support/Resistance. Best way to tackle this problem is to watch the market reaction at the Stop Loss. First test (called Stop Loss Bar) will be obviously like a good Breakout, (you might think it is going up higher but it is not confirmed yet). Wait for the next candle (called Follow Through Bar) to close. The strength of the Stop Loss Bar is defined by the Follow Through Bar. Follow through bar significantly tells how the market is reacting after a key point is tested. Strength Indicators for Follow Through Bar If closing as consecutive Bar to the Stop Loss Bar (Bull-Bull or Bear-Bear Candles) with closing on its High and no or small wick on top then likely to see market reversing and better to look to exit out. If closing as opposite direction bar to Stop Loss Bar (Bull-Bear or Bear – Bull Candles ) then hold your position and wait for the market to react further. Don’t exit yet. It can be a trap. If closing as Doji then don’t exit. Bulls and Bears are balanced. Confusion. If market goes into Tight Trading Range after Doji then expect 50-50 for Bull and Bear Breakout. Follow through bars after a Doji will give you a hint whether to exit or hold the position. If you find inside bar irrespective of Bull or Bear then wait for information. Having wicks longer or equal to the size of body, on top for Bull Stop Loss Bar and on Bottom for Bear Stop Loss Bar is a sign of Weakness. Wait for more follow through and then decide to exit or hold. If you find follow through bar closing as same of Stop Loss Bar (Bull-Bull and Bear Candles) If it is having wicks on top and bottom with a small body then wait for more information (more candles) market is not confident going above your stop loss yet so a good chance to trap some traders. NOTE : You are likely to find out that terms I use are not conventional. I use the nomentclature which I find comfortable. You are free to name anything you want. The Logic behing those things matters not the names. If you find this content useful then do let me know in Comments. Thanks
Education
by Good_Trading_Calls
4
SuperTrail Indicator Video / Trailing Stop LossWas just playing around with the replay function in Trading View and thought I'd share this to show how the SuperTrail indicator worked on a couple of different stocks. The SuperTrail is basically a modified SuperTrend but instead uses a percentage to allow you to manually set the trail level for individual stocks. Some need a wider trail, some a smaller one. You might set a trail based on the last months range, or the last 3 months. Totally up to you and the stock itself. The idea is to find what I call the natural range of a stock based on its past behaviour and hope that the stock maintains this range into the future. You can of course simply adjust it from time to time as the stock and the market goes through different behaviours (eg bull or bear), reacting to good or bad company news etc. I use the percentage value that I come up with to set as my stop loss / trailing stop with my broker. This way if the stock drops below the trail value (which automatically moves up as the stock price moves up, but never down if the stock goes down), the stock will automatically sell and I will hopefully bank any profits. Works best of course with trending stocks. You could use the buy signal to go long and the sell signal to short. Main thing for me is I don't have to sit and watch the market and worry how my shares are going. If one is starting to go the wrong way, I automatically get out. Completely up to you how you use it. It is a very simple system :) If you want to see more examples, just have a look at my profile, and if you would like access to the script, just message me and I'll send you the details.
NASDAQ:TSCOEducation
by zAngus
3
Trade Planning - How to Trade PlanThis video explains how to effectively trade plan to limit your risk and to maximize your gains. When it comes to Risk Management and Trade Planning, it's important to maintain a clear mind about the possibility of the asset your assessing going in either bullish or bearish direction. Furthermore, this video explains some ideas on how and where to place stop losses based upon entry confirmations and provides insights about position managing your trades as they develop into a winner. I hope you find this video informative and hope you use this video to your best advantage with your day-to-day trading activities. Thanks for watching. Always remember to trade safe - trade well. Regards, Michael Harding RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
FX:XAUUSDEducation
by Michael_Harding
Potential Buy for USOIL (LOSS)Reason for Entry (R/R) : Daily-Bullish 4H-Bullish Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3) Outcome : SL Hit. Looks like buy entry was too early. Setup should come sometime this week. UCAD making retracement at the moment so when that has completed, will reassess entry. Feelings going into trade :Very confident in setup getting multi-timeframe confirmation. UCad falling cause of US Dollar. Also Sunny who is more experienced trading Oil taking trade with me as well. Feelings after trade : Still not a bad trade in my eyes. Only risked 1%. Was up and had the thought occur that UCAD retracement could ruin trade but I was okay with letting it play out.
TVC:USOIL
by UnknownUnicorn3986846
1
Is it a bird? Is it a plane? LOLRight - guys and gals - it doesn't get much better than this. Just don't blow up your live accounts on this pattern. Anything is possible. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Short
by Captain_Walker
THIS Is Why You Need Stop Losses!! - 06/17/20 RECAPHi traders, Some days trading is harder than usual, most of the times because the SPY is indecisive or switching "sides" frequently. Wednesday was one of those days. Most of my trades went into some profit, but eventually failed. The last trade of the day in NCLH put me back into more reasonable loss for the day thanks to my 1:2 RRR I aim for. Anyway in the video I talk about the importance of Stop-losses as I was kicked out with MORE THAN 40c SLIPPAGE in GRUB. Now imagine if I had no SL and it didn't retrace... scary stuff! Trades: 1) GRUB - LONG @64.84, -1.31% 2) KSS - SHORT @23.68, -0.49% 3) BA - SHORT @192.3, -1.02% 4) PDD - SHORT @81.56, -0.65% 5) NCLH - SHORT @19.45, +2% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.46% Total PnL for the week: -1.52% Good trades, Tom | FINEIGHT
G
by Fineight
Add #INFOSYS in your Watch listLook at Infosys Daily chart. It looks beautiful on TA. Recently it broke the resistance level, but again its trading under those levels. Also the short term trendline is supporting the stock. Once it breaks the short term trendline, it can rally further downside. Need to closely watch the stock. 0% luck, and 100% SKill are required to become a good trader. You need to need get a proper trading plan. Few Takeways to become a good trader: 1. Never risk more than 1% of your capital 2. Before entering a trade you should know your Stoploss levels and Exit levels. 3. Dont be Greedy. 4. Trade in stock market like a business and not like gambling. 5. Train your mind to become a trader. Risk only that much which doesnt effects your daily life
NSE:INFY
by bhandarishrey2