$QQQ the ETF based on Nasdaq is creating a Bullish Hammer The popular QQQ ETF based on Nasdaq Top 100 shares is creating a Bullish Hammer in the chart. The ETF is almost at 52 Wk Low and much away from 50EMA. So, this could possibly be a swing trade opportunity if it reverses from here.
However, the market in general is still bearish and the fear is that, it would remain so for the next few weeks if not months.
Strategy!
EUR/USD 20 year low what happens with Peace?EUR/USD has taken the brunt of the USD strength since the Ukraine War and Russian sanctions soured the economic outlook of the Eurozone.
What happens with peace? Well obviously we rally but the argument is that with the ECB acting as well we will not just bounce but fly back above EUR/USD 1.10.
Now timing this potential outcome is the issue and we could rally organically from 20 year lows if the USD weakens as well.
FX Options are a solution and on our easyMarkets Options are made accesible for everyone. 3 month EUR/USD is currently 240 pips so we have a long time for peace with a maximum loss of 240pips.
For more information on Options, Professional traders will get a 1-1 tutorial from a FX options Dealer.
EURUSD : Scalping 30m chart strategy , simple!Think you are the master of discipline?
Here's your potential way to make it big trading!
Extremely straight forward is this RSI 14 , 30 minute chart strategy.
When RSI goes to around 70+ it's time to short and aim for 10-15 pip
When RSI goes to around 30 and below , it's time to long and aim for 10-15 pip.
You can place your SL with 10 pip lower/higher and your TP with 15 pip higher/lower.
Money management is critical and discipline is critical.
You are not to aim for bigger profit, further SL, trade when RSI is not overbought/oversold and so on.
Money management should be almost minimal lot size with every trade like this you take.
Split it with 4-5 currencies and you have yourself a strategy to follow and test.
Good luck!
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If you found my idea useful, please like and follow! It would mean a lot to me.
Thank you so much for listening and let me know what I can do to help , with questions/comments on the post.
Obviously I am not a financial advisor and I encourage you to do your own research and be cautious when day trading!
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How To Backtest Further In The Past On Low TimeframesQuick video to show this little trick using the Replay mode that allows us to load more historical bars than real time, and thus get a better picture at how a strategy can perform over time.
The Strategy Tester re-calculate the results everytime we load new bars, as the indicator strategy is correctly applied to these new bars.
I got the confirmation from the awesome TradingView Support Team that the extra data that you get this way is real and relevant, and can be used to test your strategies.
That means we are no more limited to 15/30 days backtest data in the 5min timeframe for example.
How I trade BA This video covers my BA trading strategy.
I get many requests on what my trading style looks like (as a quant trader), so I figured I would show how I trade BA, as this particular strategy is replicable and the tools I use are publicly available (linked below).
NOTE:
This isn't financial advice.
As well, my signal to long BA is always a Z Score of -2.6.
However, my signal to short BA changes based on the market sentiment. Currently, it is -1, however for the most part of 2021 and up until last month it was set at -0.5 to 0. In general, I DO NOT recommend shorting a stock with a Z-Score of -1. It is high risk.
Its important when you are applying any strategy to back-test it first!
As well, this strategy is applicable to other stocks; however, its important to get a feel for how the Z-Score behaves as each stock is unique. For example, TSLA I have seen go as low as a -4 Z Score and as high as a +4.4 Z Score. The parameters I share in this video are my current parameters for BA but are subject to change as the sentiment changes.
Let me know your questions/comments and criticisms below!
Thanks for watching
What Does Consistency Mean In Trading ? Hello traders:
Today let's talk about “consistency” in trading.
Many traders understand they need to be consistent, but what exactly is consistent in trading ?
To me, it's not just making consistent “profit”, rather it's being consistent with your trading strategy, risk management, trading psychology, mindset and emotion.
Let's take a look at a few examples of consistency in trading:
Consistency in profits:
More often traders think about hitting a set amount of % return in consistency.
This is certainly one way to look at it, but I would say to challenge ourselves to do more.
Each and every month, the market will develop differently, hence our profits are not gonna always be the “same” each and every month.
Some month with more profits, some month with more losses. We need to have the ability to stay “consistent” no matter what the market condition is.
Consistency in strategy and Trading Plan:
Remember, there are many different trading strategies out there.
The ability to stay “consistent” with your current trading strategy, and not jump from strategy to strategy.
Even if your strategy right now isn't getting any entries available in the current market condition, while others are entering trade, you need to stay consistent with your strategy and let the probability play out.
Understand no strategy can catch every move in the market. Some will catch this particular run, while others will catch other developments.
Consistency in risk management:
When you are at a series of drawdowns and losses, the ability to stay “consistent” with your risk management.
Not risking more than 1%, not entering more than 2-3 trades at a time. No revenge trade, and/or over leverage trade.
Respect your SL and honour the SL. More often traders fall into this stage while they take a number of losses and throw their risk management out the window.
Consistency in mindset and emotion:
When your strategy isn't playing out on a short term, the ability to stay “consistent” and not to start randomly taking trades based on FOMO, Greed and emotion.
Sometimes traders get impatient and feel like waiting for setups to happen is a hassle and they don't want to wait.
This is when they start to rush their trading journey and backfires on them.
Consistency in your goal:
Set goals for your result and progress. The ability to stay “consistent” with yourself and don't let external factors like social media, fake guru, scammers affect you and your goal.
If you plan to have 5% per month profit, then don't let other people affect you in a negative way.
Everyone trades differently, and with different strategy, method and approach. No need to compare and compete with others, rather, with yourself each and every year.
Below I will forward some good educational videos on the above topics that we have discussed:
Trading Psychology: Revenge Trading
Trading Psychology: Fear Of Missing Out
Trading Psychology: Over Leveraged Trading
Risk Management: Combine everything you learn to prevent blowing a trading account
High Accuracy VIX trading strategyThis is a strategy that uses a strategy that normally sucks with range markets, which by inverting the conditions, makes a highly profitable strategy.
Leave feedback for me!
Keep in mind that the source code that I used is just an edit of someone else's. The strategy itself is not specifically associated with the code used, and was just meant to give a visual of the strategy.
This is not financial advice.
The basics of back-testing (HOW TO)Hey Traders,
Today I wanted to follow on from the fantastic amount of comments that we are receiving from the previous video, "stop strategy jumping." It seems that so many of you took a whole heap of value from that video and for that I am very thankful and to everyone who reached out and told their story or let me know that it really touched them.
As highly requested, I wanted to run through a basic way to start getting the grips with strategy back-testing. How can we go about back-testing our strategies to ensure that they are profitable for us in the long run? Take a look, have a listen and tune in. Set up an excel sheet the way I do and get back testing. There's only one way to do this, and it is to do the hard work.
Let me know what you guys find. I can go more in depth in the future, but for now. It seems like most people wanted to get to grips with the absolute basics, which is what I'm going to show you today.
If you have any questions at all, please the comment section is the place to be. As always, have a fantastic trading week and a fantastic weekend traders. I'll see you very soon.
The PIK Trading Strategy & Key Lessons for Day Traders!Hey Traders!
Happy Sunday!
In this video, which ends a little earlier as I didn't know videos have a limit, we go over a few key points, starting from the PIK trading strategy which you guys will hear about much more over the next few days, mindset, motivation and guidance is covered too!
When it comes to the PIK trading strategy, we go over the indicators that are used, price action and key levels!
The video isn't our best one, but it does have plenty of value and we hope you enjoy it!
Thanks and all the best!
LET'S GET REAL: Stop Strategy Jumping!Hey Traders,
This one is going to be a little bit different, a little bit deeper and a little bit harder to listen to rather than usual technical analysis. I recommend you sit down and listen to this. Have a think whether it relates to you or whether you found yourself in this position, or even if you've gone through this position and share your experience on how you go through it. A lot of traders struggle with their strategy, jumping from aspects of trading and that's why so many educators out there make a lot of money off of them. It is time to stop.
In this video I outlay a challenge that I put to all the traders who may find themselves in this position to sit down and to thoroughly test their current or previous strategies and understand them on a deeper level. No more jumping around, no more looking outwards. Let's start looking inwards. Let's see the data that we have handed to us and what we can do to improve that data.
If you enjoyed this video, please leave a comment. Leave a like, if we do get enough likes and comments, I will make a Part 2 on how to go about this with a more depth avenue while using different resources.
As always, have a fantastic training week.
A Perspective of what we seeing on our side on Nas100We have been caught on a structural downtrend which manipulates small timeframe zones repeatedly because of the extremes constantly being hidden amongst minor ones, so today we are seeing a potential break of trend/correction through a probable bearish impulse, WHATS YOUR TAKE?
How To : Chart Formations Critical Second Top & Bottom Entry Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to avoid many mistakes in my evaluating my trades and I hope that it will help you in evaluating your trades.
When you look at the Double Top and Double Bottom chart formations, you will notice that high frequency trading and algorithms trading will often create the formation of a second top to the same level as the first top or slightly higher by taking stops pilling at the first top . At this point, you want to wait for the synergies to come into play and use your tools to look for a shift in momentum on the 2nd top touch see video.
Waiting for the shift in momentum to occurs after the second touch, is a critical piece of of information that will prevent you from taking trades that are likely to be stopped out on the first test.
Hope it helps have a great week end
Marc
Big snapper scalping indicatorThe big snapper indicator gives buy and sell recommendations based on the current trend in the market measured by 3 different moving average (fast, medium, slow). I therefore encourage you to try it out if you are still struggling to build a strategy. Entry and exist rule is explained in the video.
NB. This video is made for educational purposes only and not an investment advice
Script Addon - Stepped TP with trailing TPThis is a proof of concept for a Trading View Script Addon for stepped and trailing Take Profit levels. A great risk management tool.
It will give you 3 TakeProfit levels and one StopLoss that will rise as TP targets are hit. You can set the TP levels as % of the price as is common for many trading tools. The additional trailing for the third TP level is an extra that will give your strategy a little advantage when there are big moves in the price action.
This is not giving you better entries, just moderating your exits.
With this addon you can make more out of your entries, while not having to get stuck in it with your full position.
This works best in sideways markets, but due to the trailing addon it can profit from bigger moves as well.
Let me know if you want this added to your strategy or indicator.
Cheers,
Robert
Next entries on GOLD We're patiently waiting for the pullback to end so we can then get into a long position. We're mainly trading on the hourly chart and always trading with the trend. However, if you're looking for opportunities on the lower periods then there is still some potential to the downside, but make sure to move your stops above every lower structure and secure as much profits as possible.
Tomorrow we've got the FED Interest Rate decision which is a suitable moment for price reversal and that's what I want to see happening. Like I mentioned in the video, our first targets will be around 2050 but of course we're also expecting a continuation higher.
Good luck and watch out for our next analysis on GOLD!