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My Three Comrades: the Chart, the Screener, and the WatchlistToday we will continue to explore the fascinating world of stock investing. And TradingView will help us with that. I sincerely recommend making friends with this platform, as I haven't found anything more convenient to implement my strategy yet. After you have registered on the site, move to the main menu "Products" > "Chart+" . This is where you'll spend most of your time with the platform. What opportunities are in front of you: - Find companies to invest in; - Make a fundamental analysis of the companies; - Make a technical analysis of stock charts; - Receive alerts on the buy or sell price of a stock that is right for you. So, let's break down each item. How to search for stocks on TradingView? Hopefully, you've already entered the "Chart+" section. In the upper left corner is a line to enter the ticker of the stock. If you don't know the ticker, just enter the first letters of the company name: the system will find the ticker that corresponds to that company on its own. However, keep in mind that stocks of the same company may be traded on different exchanges from different countries, so sometimes one company may have several tickers. As an example, let's enter the name "Tesla" in the search bar to open a chart of their stock. As we can see, the system tells us that Tesla is traded on NASDAQ and some exchanges in other countries. To the right of the search bar is a button with a choice of time frame. You can try different time frames, but for me the most important is the time frame of 1 day (i.e. one candle shows the price change for 1 day). So, the way of selecting a company via the search bar is convenient when you know at least its name. But there are thousands of companies listed on the stock exchange, and it is impossible to know the name of every company. In this case, the "Stock Screener" will help us. It is located in the lower left corner. Clicking on the Screener will open a list of stocks, filtered according to the parameters you set (you can customize the parameters by clicking on the bright blue button "Filters" on the right). Let's go to filters and configure the parameters we need. First of all, let's select the country - the USA . In the second turn, on the tab with general parameters, let's choose the instrument type - common stocks , and let's choose the exchanges - NYSE , NASDAQ , and one more - NYSE ARCA . Now we have a list of all stocks, which are traded on the exchanges that we have chosen. What we are interested in, we can add to the "Watchlist" . This is the first (top) button in the menu on the right. Just right-click on the ticker from the screener and select "Add to Watchlist". The same can be done by right-clicking on a chart. Switching between the tickers in the Watchlist you will consequently switch between the charts. So, we have figured out how to find the shares of a company. In the next post, let's see what we have in terms of fundamental analysis of companies.
NASDAQ:TSLAEducation
by Be_Capy
2
📢  Switzerland has the lowest rate of inflation ✍️ 📄 The annual inflation rate in Switzerland stood at 3 percent year-on-year in November 2022, unchanged from the previous month's five month low, and in line with market expectations of 3 percent. Cost slowed for transport (6.4% vs 6.7% in October), housing & energy (4.3% vs 4.5%) and restaurants & hotels (1.5% vs 1.6%). At the same time, prices declined for both health (-0.4% vs -0.3%) and communication (-2.7% vs -3.1%),
Short
by Takie_eddine
TSLAFinally jumping in, took the first nibble at 155ish. Lowest PE in forever, more recession fears, and hype... well lack there of around Elon and his twitter takeover (noise). China slowing and continued lockdowns are bad, but everyone and every industry over there is also in the same boat. Buying again at around 130, 90ish would be max pain....probably but it's always darkest before pitch black, or so I've heard. As seen these past few months the biggest risk in this stock is Elon going away, for a while or forever.
NASDAQ:TSLALong
by Thisguy22
1
A little bit about volumes and the master of all averagesSo, let's refresh our knowledge from the previous posts (read part 1 and part 2 at the links): - The chart is based on the data from the tape; - The X-axis is the time scale, and the Y-axis is the price scale; - To avoid having to analyze a huge number of trades, interval charts were invented for convenience; - The most popular chart type is the Candlestick chart; - The candlestick consists of a body and shadows (upper and lower). The body is drawn at the open and close prices of the interval. The shadows are built by the maximum price (high), and the minimum price (low); - The time interval for one candle is called a time frame. The smaller the time frame, the more detailed information we get about the price changes. In addition to information about the price dynamics, from the stock chart, we can get information about the dynamics of trading volume. These are bars that we see below the candlesticks. They are also drawn on the basis of information from the tape. Let's return to our example: FB $110 20 lots 12/03/21 12-34-59 FB $115 25 lots 12/03/21 12-56-01 FB $100 10 lots 12/03/21 12-59-12 FB $105 30 lots 12/03/21 12-59-48 If you add up all the lots of trades in the interval from 12-00-00 to 12-59-59, we get 85 lots. Then the lots need to be multiplied by the number of stocks in one lot, for example, 100. It turns out that 8500 shares changed their owners in 1 hour. This information is displayed as a bar below each candlestick. My strategy does not use a trading volume analysis, but it is important to understand that increasing trading volumes are a sign of increasing attention to the stock. However, this attention does not always translate into higher prices. If there is negative news about a company, we will see both a drop in the stock price and an increase in volume. What is constantly used in my investment strategy is the moving average . What is it? This is the average of the close prices of a selected number of candles, starting with the last one. I use the average of the close values of the last 252 candlesticks. Why this number? The number 252 corresponds to the average number of trading days per year on the NYSE and the NASDAQ. That is, in fact, the average annual moving price . Why is it moving? Because every day there is a new candlestick with a new close value, and it begins a new calculation of the average value of the last 252 daily candlesticks. You can plot the moving average chart on a candlestick chart and see how far the current price has "run away" from the annual average price. I will tell you exactly how to apply this in investing in the next posts, and that's all for today. Finally, I will ask you to reflect on one thought: One who is true to the golden mean will always find something that someone else missed and give it to someone who is afraid to miss it. See you in future posts.
NASDAQ:TSLAEducation
by Be_Capy
5
COTI / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H COTI to USDT chart as you can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.0686 T2 = $0.06943 T3 = $0.07013 T4 = $0.07077 and T5 = $0.07176 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.0675 SL2 = $0.06638 and SL3 = $0.06494 Looking at the CHOP indicator, we see that the energy is gathering more and more strength on the 4H interval, while the MACD indicator indicates a local downtrend. It is also worth adding that we have a rebound on the RSI.
by cryptodailyuk
Japanese Candlesticks: Game of Body and ShadowsSo, in the last post we learned how to build a simple line chart based on the tape. Each point on the chart is defined by coordinates from the time (X scale) and price (Y scale) of a trade. But some stocks are traded at a frequency of hundreds of trades per second, at different prices. The question arises: which trade price to choose from this set? Interval charts were invented to solve this question. The most popular is the Candlestick Chart. They appeared in Japan three hundred years ago, when the Japanese exchanges were trading rice. They were invented by a trader named Homma. Apparently, being tired of drawing a lot of points on charts, he decided that it would be more convenient to show the price change over the time interval. So, what he came up with. Let's take a time frame equal to one hour and plot a 1-hour candle on the basis of the following tape: FB $110 20 lots 12/12/22 12-34-59 FB $115 25 lots 12/12/22 12-56-01 FB $100 10 lots 12/12/22 12-59-12 FB $105 30 lots 12/12/22 12-59-48 A candle consists of a body and upper and lower shadows. Like a float. The body is formed from the open and close prices of a certain time frame. In our case the hour interval is from 12-00-00 till 12-59-59. Only 4 deals were concluded in this time interval. The price of the first deal is $110, which is the opening price of the period or the so-called " open ". The price of the last deal was $105, which is the period closing price or " close ". These two prices are enough to form the body of the candle. Now let us move on to the shadows. The upper shadow is drawn at the maximum price of the interval (115$) and is called " high ". The lower shadow is drawn at the minimum price of the interval ($100) and is called " low ". The shape of our candle is ready. However, it should also have a content, namely the color. What is it for? Let's take a look at another candle. Here we can see where is the high and where is the low. But how do we know which is the open or the close? After all, the open is not always at the bottom of the candlestick body, as in the previous example, it can be at the top. To understand where is the open and where is the close, Homma has invented to paint the body of a candlestick in black, if close is lower than the open, i.e. if the price in the interval is falling (falling candle or bearish candle ). But if close is higher than open, the body of the candle remains white, it will indicate the growth of price during the interval (rising candle or bullish candle ). Sometimes a candlestick has shadows, and the close price is equal to the open price. Then it will look like a cross. This candlestick is called a doji . White and black are the classic colors for the bodies of Japanese candles. However, you can come up with your own colors. If you want the rising candles, for example, to be blue, and the falling orange - you're welcome. The main thing is to make it convenient and understandable for you. So, one candlestick allows us to understand where we had the first trade, the last trade, the price maximum and minimum in a given time frame. But it does not allow us to understand how the price changed within the interval: when the maximum or minimum was reached and what was happening within this price range. But the problem can be easily solved if we switch to a smaller time frame. If we look at the daily candlesticks (this is when the time frame of one candle is equal to one day), and we want to see what was during the day - we switch to the hourly time frame. If we want to see even more details - we switch to 15-minute candles and so on down to the seconds. But you and I will most often use daily timeframes, so as not to be distracted by the fluctuations that occur during the day. To be continued :)
SP:SPXEducation
by Be_Capy
4
The birth of the chart. The evolution of the tapeLast time we studied how the exchange price is formed, and we found out that it is important to learn how to read charts correctly in order to analyze price changes correctly. Let's see how a chart is made and what it can tell us. Everyone who went to school probably remembers: to draw a function, we need the X and Y axes. In stock charts, the X-axis is responsible for the time scale, and the Y-axis is responsible for the price scale. As we already know, a chart is built on the basis of data from a tape. At the previous post , we have produced the following tape: FB $110 20 lots FB $115 5 lots FB $100 10 lots Actually, in addition to ticker, price and volume the tape also fixes time of trade. Let's add this parameter to our tape: FB $110 20 lots 12/08/22 12-34-59 FB $115 5 lots 12/08/22 12-56-01 FB $100 10 lots 12/08/22 12-59-02 That's it. Now this data is enough to put points on the chart. We draw three points, connect them with straight lines and get a chart. At one time, this was enough, because trades on the exchange were not frequent. But now some popular stocks, such as Apple or Google, have hundreds of trades per second with different prices. If the minimum division on the X scale is one second, what price point should we put if there were many trades at different prices in one second? Or let's place all the points at once? We will discuss that in the next post. And now, as a postscript, I want to show you some pictures describing how the tape was born and evolved. Here is a picture of a stock player, looking through a tape with quotations, which is given by a special telegraph machine. Each telegraph machine is connected by wires which, like a spider's web, entangle New York City. 1930's broker's office with several telegraph machines and a quotation board. An employee of the exchange looking through a tape of quotes. It won't be long before all this is replaced by the first computers. We'll continue today's theme soon.
AMEX:SPYEducation
by Be_Capy
8
LUNAUSDT - 4H Interval - Targets and StoplossHello everyone, let's look at the 4H LUNAUSDT chart as you can see that the price is moving in the uptrend channel, however it has locally moved sideways from the uptrend line in the channel. Let's start by setting goals for the near future that we can take into account: T1 - $1.6663 T2 - $1.6928 T3 - $1.7154 T4 - $1.7373 and T5 - $1.7694 Now let's move on to the stop loss in case the market goes down further: SL1 - $1.6464 SL2 - $1.6114 SL3 - $1.5821 SL4 - $1.5533 and SL5 - $1.5145 Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, the MACD indicator indicates entering a local uptrend, while the RSI shows that despite we are high, we have room for further growth, but it is worth keeping the SL.
by cryptodailyuk
1