VIX always best predictorIt is necessary and mandatory to configure alarms in VIX in order to identify best trading opportunities. Analyzing the VIX we realize that we are in a very overweighted buying zone.
- Red lines: time to sell.
- Green lines: time to buy.
For example today is time for selling most items of our portafolio or at least to configure trailing stop at 1%, then we wil have to wait patiently until next buying opportunity.
Remember what Warren Buffett said... "The stock market is a device for transferring money from the impatient to the patient."
Volatility
Why Implied Volatility Is A Critical Tool For All TradersTraders and investors use different sets of tools when approaching markets. Some are fundamentalists, pouring through balance sheets, supply and demand data, and other macro and microeconomic information to predict the future prices of assets. Others have a strictly technical approach to markets, following trends and the path of least resistance of prices. Still, others combine the two to look for opportunities where fundamental and technical analysis merge to improve the chances of success.
The past is history; the present is all that matters for traders and investors
Historical volatility is a map of the past price variance for asset prices
Implied volatility is a real-time sentiment indicator
The primary variable determining put and call option prices
The three critical factors implied volatility reveals
Yogi Berra, the hall of fame catcher and armchair philosopher, once said, “The future ain’t what it used to be.” All market participants have the same goal, to increase their nest eggs. Projecting the future is the route to achieve their goal.
Implied volatility is a tool that all market participants need to embrace as it is a real-time indicator of market sentiment.
The past is history; the present is all that matters for traders and investors
History depends on interpretation. When it comes to markets, Napoleon Bonaparte may have said it best, “history is a set of lies agreed upon.” An asset’s price moved higher or lower in the past because of a collection of variables viewed through a prism that leads to a collective conclusion that has broad acceptance but may not be accurate. Taking a risk-based position on an inaccurate conclusion could lead to mistakes and losses.
When we consider buying or selling any asset, all that matters is the present. The current price of any asset is always the correct price because it is the level a seller is willing to accept and a buyer is willing to pay in a transparent environment, the market.
Historical volatility is a map of the past price variance for asset prices
Historical volatility is an objective statistical tool that defines the price variance of the past. Any disclosure document tells us that past performance is no guaranty of future performance. We must view historical volatility precisely the same way, with more than a grain of salt.
Historical volatility is a guide, but remember what Yogi said, “the future ain’t what it used to be!”
We calculate historical volatility by determining the average deviation from the average price over a given period. When it comes to math, the formulas are:
A simple explanation of the complicated formula comes in seven easy steps:
1. Collect the historical prices for the asset
2. Compute the expected price (mean) of the historical prices.
3. Work out the difference between the average price and each price in the series.
4. Square the differences from the previous step.
5. Determine the sum of the squared differences.
6. Divide the differences by the total number of prices (find variance).
7. Compute the square root of the variance computed in the previous step.
Implied volatility is a real-time sentiment indicator
While we can calculate historical volatility from historical data, implied volatility is a different story. Implied volatility is the expected or projected volatility or price variance of an asset over time.
We back into calculating implied volatility using an options pricing model. We can establish an implied volatility reading by entering the option value into the Black-Scholes options pricing formula or other formulas that determine options prices. If we have a put or call options price, we can solve for the implied volatility level. The Black-Scholes formula in mathematical notation is:
The primary variable determining put and call option prices
There are no option prices without implied volatility as it is the critical variable that determines put and call option values. Yogi also said, “You can observe a lot by watching.” The current implied volatility level is the market’s consensus perception of what volatility or price variance will be during the life of the put or call option.
Observing and watching reveals the constant changes in implied volatility levels, which can be highly volatile over time. Option traders call an option’s sensitivity to changes in implied volatility Vega, which measures the change in an option price for a one-point change in implied volatility.
Implied volatility is constantly changing. Yogi had another great saying, “If the world were perfect, it wouldn’t be,” which rings true for implied volatility which can change in the blink of an eye. Option traders pay lots of attention to their Vega risk as the volatility of implied volatility can be…highly volatile! How’s that for a tongue twister?
The three critical factors implied volatility reveals
Implied volatility is a valuable tool for all traders and investors for three significant reasons:
It is a real-time indicator of the market’s perception of the future price range of an asset.
It can change suddenly, and changes often occur before the price of an asset reacts, making implied volatility a leading indicator.
Implied volatility reflects the wisdom of the crowd, and crowds tend to make better decisions than individuals. Moreover, it is reading that reflects the present, not the past, and is a constantly changing measure of consensus forecasts for the future.
As traders and investors, we exist in the present. We attempt to increase our wealth with long and short risk positions that either add or subtract from our nest egg in the future. Implied volatility is a critical measure we should understand, utilize, and always keep in our toolbox. Any project requires the right tools. Implied volatility’s value is that it reflects a snapshot of the current market’s consensus.
Historical volatility depends on “Deja vu” happening “all over again.” Implied volatility is a measure that understands that the “future ain’t what it used to be.”
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Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
Forex (When To Trade Is High Liquidity & Volume Time)The highest liquidity and volume in Forex daily is from end of Tokyo session to end of London session.
This is best 12 hour time frame time to trade Forex is in between those times, if you are scalper or day trader.
Noted on 1 hour chart of AUDUSD is noted times from 10 p.m. to 10 a.m. (PST/CA/USA times)= you need to change to where you live.
What happened in-between those times on Friday with AUDUSD- a great trade with a Harami two candlestick setup right at Tokyo/London overlapping session, at demand zone area, during the high liquidity and volume period of day in Forex. RR set up of 1:2.5 risk/reward or 20 stop vs 50 target.
Yes, this is how you keep Forex trading simple, just trade during this 12 hour period - and look for:
1) Engulfing two candle hourly setup
2) Harami two candle hourly setup
3) Pin-bar three candle hourly setup
4) Trend, Key Price levels, Momentum
5) Trade right pair, at right price, during right session and at right time of day.
Make Forex Trading Great Again by winning and taking what a pair gives you in a trade on a chart. Trade what you see not what you feel. Only you control when you enter and exit an individual trade- so put the most probabilities on your side to win more and make more.
4 TIPS ON USING TECHNICAL INDICATORS 🤖🖥
Hey traders,
Technical indicators are an essential part of technical analysis.
With multiple different indicators on a chart, the trader aims to spot oversold/overbought conditions of the market and make a profit on that.
Though, I don't consider myself to be an expert in indicators trading, here are the great tips that will help you dramatically improve your trading with them.
#1️⃣ Do not overload your chart with indicators.
There is a fallacy among so many traders:
more indicators on the chart lead to an increase in trading performance.
Following this statement, traders add dozens of technical indicators to their charts.
The chart becomes not readable and messy.
The trader gets lost and makes wrong trading decisions.
Instead, add 1-2 indicators to your chart. That will be enough for you to make correct judgments. Do not overload your chart and try to make it clean: your task is to analyze the price action first and only then look for additional clues reading the indicators.
#2️⃣ Learn what exactly the indicator shows
The data derived from technical indicator must make sense to you.
You must understand the logic behind its algorithm.
You must know exactly what it shows to you.
Confidence in your actions plays a key role in trading.
During the periods of losing streaks and drawdowns, many traders drop their trading strategies. It happens because they lose their confidence.
You will be able to overcome negative trading periods only by being confident in your actions.
Only knowing exactly what you do, what do you rely on and why you can proceed even in dark times.
#3️⃣ Use the indicators that compliment each other
Many indicators are based on the same algorithms.
Most of the time the only difference between them is a minor change in its input variables.
For that reason, such indicators leave very similar clues.
In order to improve your trading, try to rely on indicators based on absolutely different algorithms. They must complement each other,
not show you the same thing.
#4️⃣ Price action first!
Remember that your trading strategy must be based primarily on a price action. Trend analysis and structure analysis must go first.
You must know the way to make predictions relying on a naked chart.
The indicators must be applied as the confirmation signals only.
They must support the trading strategy but not be its core.
❗️Remember that the indicators won't do all the work for you.
Indicator is just a tool in your toolbox that must be applied properly and in strict combination with other tools.
Would you add some other tips in this list?
❤️Please, support this idea with like and comment!❤️
AUTOMATED TRADING BOTS: How to profit with Tezos.Tezos is one of the best token for our robot.
Our robot mainly uses the DCA (dollar cost averaging) trading method.
If the price drops, instead of the Stop loss order, we have a Buy limit order.
This will also cause the Take profit value to drop and approach the current price.
If the price falls and falls, the robot buys and buys. This keeps the Take Profit lower and lower.
After that, the price of the token rises and our trade ends with Take profit, which is not far from us thanks to constant and precisely predefined purchases.
The XTZ / USDT currency pair is suitable for our demonstration. You see very high volatility.
It is through volatility that our robot can be profitable. If the price still went in one direction without frequent fluctuations and without "waves", the robot would earn very little.
We need great volatility for big profits.
Volatility in the TradingView platform will be helped by the Historical Volatility indicator.
This indicator often (on this time frame) intersects the value of 50.00, which is rarely affected for low-volatile currency pairs. For example, you would look for Bitcoin very bad around 50.00 on this time frame.
The key to our profitable trading bot is volatility! At a time of market colapse, when almost everyone is going through and positions in the Futures markets are being liquidated on a large scale, we are EXTREMLY profitable thanks to our robots.
Of course, it is very important that you know how big the position is and how often, or at what intervals it is necessary for the robot to buy more. In no case is every setting of the robot profitable, on the contrary, setting up a profitable robot is not easy.
You will learn how to set up a robot to be constantly profitable in our Academy.
PS: One of the best things about trading with robots is that you remove all emotions and decisions.
We wish you a nice day. UCT team.
High Impact News (How To Trade It)High Impact News Trading (Forex Factory): Example is EurAud bullish trade, but all can be done on a bearish trade too.
RULES:
1) Use 15 minutes charts or Time frames
2) Do not start a new trade 30 minutes prior to and/or 30 minutes after high impact news.
3) Is price action over or under Bollinger Bands indicator 20 SMA? Chart example is over- so trade long.
4) Is price action trending or in momentum now? Chart example is yes- going up or bullish.
5) Stop Loss should be lower then before news. Chart example is: 1.60875
6) Enter should be at start of the 3rd /15 minute candlestick after news or after 30 minutes after news. Enter at 1.61084.
7) Target should be at least 1:1 risk reward of stop loss to enter vs- enter to target. Per chart 21 stop loss vs 29 target.
Target may last one to couple hrs. Per chart target is: 1.61375.
F.Y.I.- All Forex trading involves risks, do not trade with money you can not afford to lose. Trading news can make quick profits or losses.
U.S. Dollar Index (Need 2 Know)The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies,often referred to as a basket of U.S. trade partners' currencies. DXY can be used for defining current tendency in the US Dollar and finding trading signals on Forex. The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies and visa versa.
It is a weighted geometric mean of the dollar's value relative to following select currencies:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
FYI: USDX started in March 1973, soon after the dismantling of the Bretton Woods system. At its start, the value of the U.S. Dollar Index was 100.000. It has since traded as high as 164.7200 in February 1985, and as low as 70.698 on March 16, 2008.
How To Use US Dollar Index In Forex?
1) The US Dollar trend indicator
2) Trading correlated currency pairs
3) Trading currency pairs with an inverse correlation
Breaking Down Charts (Will Set You Free)Breaking Down Charts (Will Set You Free)
Need you to understand what candlesticks are telling you, what big banks are telling you (they leave their footprints): The follow seven numbers on chart, I see quickly to understand the mood of the pair and direction:
1) Down trend happened end of Tokyo and beginning of London Session (more liquidity and volume)
2) Demand zone set on Thursday for rest of week
3) Bullish Piercing Line Two candlestick pattern
4) Sideways or Ranging price action (after London close to Aud news)
5A) Psychological numbers- ALWAYS find them and know where they are on pairs you are trading. (1.60000 and 1.65000)
6) Bullish Engulfing two candlestick pattern
7) Supply zone set on Thursday for rest of week
8) Big institutional candlestick (Any others?) find them
9) Where is YELLOW 200 ema line (major support or resistance)- if above, then trade bearish and if below, then trade bullish. Nothing is absolute.
10) Where is Bollinger Bands 20 period (orange line)- this acts just like a RUBBER BAND- if price action is stretched out, it will come back to medium.
*Note: You should be able to break the attached chart down further with your own strategy and edge. Trading Forex is a business not a hobby, if you treat it correctly Forex will reward you for your hard work and efforts. More you understand and learn each day, more Forex trading will becomes easier to do.
High or Low Liquidity & Volume (When Is It?)Liquidity and Volume (When Is high and low periods of both?)
Generally per day in Forex trading 24/5 market their is 12 hours of low liquidity and low volume, which is after London ends to Tokyo ends.
Then, the other 12 hrs of high liquidity and high volume, which is easier to scalp or day trade which is at end of Tokyo to end of London.
You would need to know when Tokyo ends to London ends in your time zone (yes that overlaps New York 1st 4 hours too). Best hours to trade.
For your health: keep Forex trading within a certain times of days, so you can live life and maintain balance and enjoy fresh air......
Bollinger Bands Explained, All you need to know Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
In today’s video we are going to be talking about the Bollinger bands , How are they constricted and how to use to try to identify trades in different financial markets.
Some people think about the Bollinger bonds as a complicated indicator but after you watch this video you will see how easy it is to use.
Lets start with the theory before we see a real life example :
The Bollinger bands were developed by a man called John Bollinger, so no surprised where the name came from.
So the Bollinger breaks down to a Moving average and some volatility bands around that, What we have first is a moving average and on the top and bottom of that moving average we have our bands and they usually are located 2 standard deviations away from the Moving Average.
The idea here is to describe how prices are dispersed around an average value, so basically, these bands are here to show where the price is going and how it's moving for about 95% of the time.
So how do we use this indicator :
1) The first way people use this indicator is when the market price reaches the edges of the Bands, The upper end for example shows that it's possible that the market is overextended and a drop in price will happen, if the price reached the lower end then the market will be oversold and a bounce in price is due.
2) The second way to use this indicator is called Targets, It simply allows us to set up targets for the trade, if we buy near the lower Band then we could set a target above the Moving average or near the higher Band.
Because these bands are based on price volatility they won't stay at the same place from the MA, That means if the volatility drops then the bands will get tighter (Squeeze) , and if the volatility goes up then the bands will go further away from each other (Width).
People use this method to try to understand what's going on with the current trend, so basically if the bands are really far away then it’s a sign that the trend is currently ending, and if they are really close then we could be seeing an explosive move in the trend
IMPORTANT
I always say that you always need to use different indicators when you analyze any chart, this way you will minimize your risk and have a better understanding on how the market is currently doing.
I hope I’ve made the Bollinger Bands easy for you to understand and please ask if you have any questions .
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI and The MACD, links will be bellow
High Impact Or Medium News? Use Patience I have seen high impact news strategies from 1 minute to 1 hour online, if you are interested in this kind of trading please investigate further.
Always use great risk management and stop losses on every trades- when high impact news hits, that currencies BASE pair will determine what direction its goes, negative down and positive up.
If I trade high impact news, wait for at least 5 minutes or maybe to end of that 1 hour or 4 hour candle that news is coming out on too trade.
Like example of USDCAD on Friday high impact news was positive for the USD (base currency) NFE, Unemployment Rate while while CAD impact news was negative Employment Change and Ivey PMI.
Per chart, for next 3 to 4 hrs price action was one sided with bulls controlling pair- it there a way for you to have gotten a piece of this?
Per chart example:
13 pip stop loss
60+ pip target/profit
with right risk management would have worked great. Please look on forexfactory.com for other high impact news events then look at Trading views charts and mark them up on how you could have made a news related trade and profited. Best way to trade medium or high impact news is wait at-least 5 minutes or until end of that hour or 4 hour candle is done, too set up a possible trade. When your set up is with right pair, price, session & time- trade it.
REASONS not to trade 1st hour of sessionIf you are either a scalper trader and/or a day trading, the 1st hour of new session is never a place to trade: Here are some reasons:
1) Low Liquidity
2) Low Volume
3) Very High spread widening ( can be 15 to 20 pips) from broker
4) Very Large hourly candlesticks (example: 88 pip large clearing doji candlestick) happens for broker to take both buyer and seller positions out.
Note: 1st hour of session is during Sydney session, then afterwards Tokyo session starts. Increasing liquidity and volume starts end of Tokyo.
Part of your plan should be:
Pairs to trade
When to trade
What setups to trade
Trading edge & Strategy
Do not be greedy especially during the financial craziness going on in most countries around the world, just get a piece of PIP PIE in a trade if you are either a scalper or day trading. Use risk management and commonsense- this is no place to gamble with your money- use probabilities of success of setups.
LEARNING How to Identify Price Action with Basic Count X + Y = 0this learning with BTCUSD htf 1D
so, basically, this is the action of buyers and sellers
Formula : X + Y = 0 with HLC (high low close)
1D : close candle
X : (-) minus
Y : (+) plus
Body : candle mother
Wick : line high or low
Next support BTCUSD on 30500 if crash we see 29k 28k stop on 26700.
Using past consolidation zones to determine key areas of S/RUsing past consolidation zones to determine key areas of support/resistance ("S/R")
In this chart, I'm using a script that I've published (called " Bollinger bands + RSI Strategy" ) to determine the key areas of S/R (refer to Note 1 (below) to briefly understand how the script behind works). For the purpose of this analysis, we will ignore the performance of backtested results. We will only rely on past entry/exit price points to plot horizontal lines and treat them as S/R going forward.
In the above Illustrated BTCUSD example :
Marked up in freehand (lime circles), you will see that the strategy has entered long at positions of prices at approx. 35.8k, 31.8k, 34.2k, and 31k, respectively, in chronological time order. For marketable securities (or crypto in this case) that are frequently traded in high volumes, these areas of S/R tend to get re-tested in the near future. (Maybe, can imagine, it is because humans (whales) tend to see them as having meanings, and may view them as targets). Take 35.8k in the example; it didn't hold at the very beginning, shortly gets re-tested, tanks again, and up to the the point-in-time of now when this idea is being published, "it may possibly" re-test 35.8k again.
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Note1: The strategy in the underlying script simply enters into long position whenever indicators of BOLL + ATR suggest price volatility is decreasing, later exits the position when RSIs show overbought, or in alternative case when price touches the trailing-stop-loss limit. For details, you may read the summary of that strategy.
Disclaimer : The idea above is solely based my personal views. This post is not an investment advice. Viewers are suggested to consider the advantages & practical limitations of the idea/strategy on their own. If this post contradicts with other school of thoughts, then viewers will apply their own professional judgment to make the prevailing investment decisions.
How To Measure Volatility Easily|Advanced Usage Of BBHi traders!
As we said in the last article it’s kinda complicated problem to measure volatility. However, it’s one of the most important features of market. Any strategy directly depends on the volatility level of coin. Moreover, it provides signals of entry and exit. BB Width is one of the most accurate tool to measure volatility.
The Bollinger Band Width is the difference between the upper and the lower Bollinger Bands
divided by the middle band. This technical indicator provides an easy way to visualize consolidation before price movements (low bandwidth values) or periods of higher volatility (high bandwidth values). The Bollinger Band Width uses the same two parameters as the Bollinger Bands: a simple moving- average period (for the middle band) and the number of standard deviations by which the upper and lower bands should be offset from the middle band.
How does it works?
During a period of rising price volatility, the distance between the two bands will widen and Bollinger Band Width will increase. Conversely, during a period of low market volatility, the distance between the two bands will contract and Bollinger Band Width will decrease. There is a tendency for bands to alternate between expansion and contraction.
When the bands are relatively far apart, that is often a sign that the current trend may be ending. When the distance between the two bands is relatively narrow that is often a sign that a market or security may be about to initiate a pronounced move in either direction.
Ulcer Index From ScratchHi, traders!
Volatility is one of the most important parameters of the market. The measurement of it play a great role in technical analysis. Thus, it's kinda important to use tools that can tell you a lot about it.
The Ulcer Index (UI) is a technical indicator that measures downside risk in terms of both the depth and duration of price declines. The index increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over a 14-day period, with the Ulcer Index showing the percentage drawdown a trader can expect from the high over that period.
The indicator looks only at downside risk, not overall volatility. Other volatility measures, like standard deviation, treat up and down movement equally, but a trader typically does not mind upward movement; it is the downside that causes stress and stomach ulcers, as the index's name suggests.
The Ulcer Index is recommended as a measure of risk in various contexts where the standard deviation is usually used. The Ulcer Index can also be charted over time and used as a kind of technical analysis indicator, to show coins going into ulcer-forming territory, or to compare volatility in different coins.
Watching for spikes in the Ulcer Index that are beyond "normal" can also be used to indicate times of excessive downside risk, which investors may wish to avoid by exiting long positions.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Profit while BTC is -40%? This is the strategy: +44% on spotPlenty of traders are struggling to trade the choppy ranging market of the past couple of months. Especially as it comes after an "up only!!!" period where making a mistake was an exception and (at least some) success the rule. Wicks and stops hunting are not making it easier. We always speak about preparing the strategy for the next leg, but traders still don't use data and help. This is an example of how you do it and create a strategy where when Bitcoin is -40% down, you're comfortably +44% in profit.
WILL POST EVERY POSITION OPEN/CLOSE TIME AND RETURN OVER 6 MONTHS BELOW
The strategy goals:
Any strategy you're running needs to be profitable in different market conditions. It's fine if it particularly successful under particular ones, but it should not be a dud in the long run. So we're going to pose quite a challenge for ourselves:
1. Winning strategy on spot in the past 3 months (March to June) while Bitcoin is down 40%
2. Beat buy and hold over 6 months - we need to have a sufficient sample of trades. The majority of gains on Bitcoin happened before the start of the year so we are looking at Dec-Jun
3. Make more than 100% during a year. Obviously this will be a range based strategy so trading it in a parabolic bull market is not the wisest. However we need to see longer term success to validate the idea.
The strategy:
We'll be using one on of the simplest indicators in range trading - Bollinger Bands. We do need to make the classic set up more responsive by reducing the periods and standard deviation. On account of this we will include ATR (Average True Range) which is a great measure of volatility. If it's not present we don't want to be exposed. You want the opposite in parabolic markets.
On the 1 hour chart we:
- Will open a position when price is crossing up BB_LOWER (period: 15, standard deviation: 1) AND ATR (14) is up by 9% in last day
- Will close a position when price is crossing down BB_UPPER (period: 15, standard deviation: 1) AND ATR(14) is down by 1% in last hour
No stop loss or take profit - the strategy rules are respected 100% of the time. The reduced period and standard deviation on the Bollinger Bands match what you see on the chart here.
The results:
The marriage between Bollinger Bands and ATR is working quite well in ranging markets. Bollinger Bands signal low/high prices while ATR gives you a hint of volatility. It wins about 56% of positions, but the profits are on average 2:1 to the loss which is ideal.
In fact this strategy:
1. Convincingly beat the -40% market in the past 3 months, with profits of +44%
2. Made 86% in the past 6 months, while just holding Bitcoin would have brought you 39.9%
3. Profited +136.5% over the year. Again we do recommend adjusting your strategy to the conditions, but this gives us a large enough sample of trades to validate the idea.
Even max drawdown over the last 3 months was only 9%. That and profits is a wonderful position to be in in a market that's ruled by fear.
The positions (last 6 months):
22/06/2021 16:00
22/06/2021 23:00
7 hours
OP 31,708
+2.76%
Still in position
21/06/2021 14:00
22/06/2021 05:00
15 hours
OP 33,152
CP 32,911
-0.728%
19/06/2021 00:00
19/06/2021 17:00
17 hours
OP 35,820
CP 35,889
+0.192%
08/06/2021 08:00
09/06/2021 01:00
17 hours
OP 32,967
CP 32,886
-0.244%
06/06/2021 00:00
06/06/2021 03:00
3 hours
OP 35,516
CP 36,130
+1.73%
04/06/2021 13:00
05/06/2021 04:00
15 hours
OP 36,880
CP 37,410
+1.44%
01/06/2021 14:00
02/06/2021 20:00
1 day
OP 37,037
CP 37,885
+2.29%
28/05/2021 13:00
30/05/2021 21:00
2 days
OP 36,590
CP 36,050
-1.48%
23/05/2021 20:00
24/05/2021 17:00
21 hours
OP 33,047
CP 37,357
+13%
19/05/2021 15:00
21/05/2021 02:00
1 day
OP 37,502
CP 41,428
+10.5%
16/05/2021 02:00
18/05/2021 04:00
2 days
OP 48,060
CP 44,775
-6.84%
13/05/2021 06:00
14/05/2021 13:00
1 day
OP 50,884
CP 50,311
-1.13%
10/05/2021 23:00
11/05/2021 11:00
12 hours
OP 56,230
CP 55,842
-0.69%
09/05/2021 06:00
10/05/2021 07:00
1 day
OP 58,447
CP 58,834
+0.663%
03/05/2021 18:00
05/05/2021 20:00
2 days
OP 57,959
CP 57,136
-1.42%
29/04/2021 07:00
30/04/2021 11:00
1 day
OP 54,373
CP 54,165
-0.383%
26/04/2021 00:00
26/04/2021 09:00
9 hours
OP 49,067
CP 52,584
+7.17%
23/04/2021 11:00
23/04/2021 22:00
11 hours
OP 49,457
CP 50,298
+1.7%
18/04/2021 13:00
19/04/2021 06:00
17 hours
OP 54,947
CP 56,500
+2.83%
14/04/2021 17:00
16/04/2021 00:00
1 day
OP 63,485
CP 63,159
-0.514%
11/04/2021 00:00
14/04/2021 13:00
4 days
OP 59,769
CP 63,871
+6.86%
07/04/2021 06:00
08/04/2021 10:00
1 day
OP 58,286
CP 56,676
-2.76%
04/04/2021 03:00
05/04/2021 21:00
2 days
OP 57,363
CP 58,773
+2.46%
31/03/2021 13:00
01/04/2021 02:00
13 hours
OP 58,160
CP 59,140
+1.68%
30/03/2021 05:00
30/03/2021 15:00
10 hours
OP 57,567
CP 58,866
+2.26%
25/03/2021 05:00
26/03/2021 03:00
22 hours
OP 52,252
CP 51,697
-1.06%
21/03/2021 14:00
23/03/2021 19:00
2 days
OP 57,022
CP 55,365
-2.91%
15/03/2021 14:00
16/03/2021 17:00
1 day
OP 56,856
CP 55,658
-2.11%
11/03/2021 11:00
12/03/2021 20:00
1 day
OP 55,531
CP 56,942
+2.54%
08/03/2021 11:00
09/03/2021 08:00
21 hours
OP 50,061
CP 53,547
+6.96%
04/03/2021 01:00
06/03/2021 00:00
2 days
OP 50,894
CP 48,747
-4.22%
28/02/2021 20:00
01/03/2021 06:00
10 hours
OP 44,403
CP 46,200
+4.05%
27/02/2021 00:00
27/02/2021 03:00
3 hours
OP 46,277
CP 47,375
+2.37%
26/02/2021 04:00
26/02/2021 19:00
15 hours
OP 47,331
CP 47,317
-0.0301%
21/02/2021 00:00
24/02/2021 07:00
3 days
OP 55,841
CP 50,109
-10.3%
20/02/2021 11:00
20/02/2021 20:00
9 hours
OP 55,895
CP 56,975
+1.93%
16/02/2021 19:00
18/02/2021 02:00
1 day
OP 48,617
CP 52,132
+7.23%
15/02/2021 01:00
16/02/2021 07:00
1 day
OP 48,764
CP 49,021
+0.527%
04/02/2021 13:00
13/02/2021 07:00
9 days
OP 37,619
CP 47,728
+26.9%
01/02/2021 17:00
03/02/2021 00:00
1 day
OP 33,461
CP 35,473
+6.01%
27/01/2021 20:00
30/01/2021 16:00
3 days
OP 30,732
CP 34,210
+11.3%
26/01/2021 02:00
26/01/2021 21:00
19 hours
OP 32,754
CP 31,987
-2.34%
20/01/2021 14:00
22/01/2021 13:00
2 days
OP 34,959
CP 31,550
-9.75%
15/01/2021 22:00
17/01/2021 19:00
2 days
OP 36,234
CP 35,677
-1.54%
10/01/2021 23:00
12/01/2021 09:00
1 day
OP 38,430
CP 35,773
-6.91%
08/01/2021 22:00
09/01/2021 16:00
18 hours
OP 40,076
CP 40,525
+1.12%
08/01/2021 04:00
08/01/2021 18:00
14 hours
OP 38,347
CP 41,009
+6.94%
03/01/2021 21:00
05/01/2021 16:00
2 days
OP 33,726
CP 32,100
-4.82%
27/12/2020 19:00
28/12/2020 16:00
21 hours
OP 27,063
CP 26,916
-0.541%
24/12/2020 06:00
24/12/2020 10:00
4 hours
OP 23,050
CP 23,348
+1.29%
How To Breakdown Charts? Learn everydayOn attached one hour EURCHF chart- what do you see? Make scalping or day trading easier by understanding candlestick language. What they are telling you.
1) Large momentum candles are sell or red
2) Two Head & Shoulder patterns
3) Both H&S patterns broken via 30% trend angle to downside
4) Best time to trade and sell today is during London and London/NY overlapping sessions
Look at hourly charts, 4 hr charts and daily and learn something about price action everyday. This will make trading FX alot easier for you.
Trading is about four things: winning big, winning small, losing small but never losing big.
To enter a new trade align up these four things: pair, price, session and time.
ATR From ScratchHi, traders!
The volatility is one of the most important market indicator that could describe the instrument’s behavior. That’s why it’s deadly impossible to use it to predict the further price movements. But what is volatility? It’s the measure of price changing. The more volatility is, the more you can earn or lose, the price is prone to change. So, dear subscribers today we’ll speak about Average True Range (ATR), one of the most powerful indictors of volatility.
Well, from the very beginning, let’s speak about True Range (TR) and understand how to calculate it. True range is maximum of pairwise absolute difference between high and low, open and close, maximum and minimum.
TR=MAX(|high-low|,|high-close|,|low-close|)
So, it shows us how much the instrument’s price has changed during the one bar. It’s Whereas the Average True Range is Average of TR during some period.
ATR=sum(TRs of period)/length of period
It’s considered to be rather informative, but it’s kinda difficult to make any decisions. For example, is you see on the chart above we have two coins: MAKER and Bitcoin. The definition of ATR of the first is bigger sometimes, but the real volatility (price change) of the second is much higher. Thus, we would advise you to use ATR Normalized, cause you can make it in percentage scale and considering any period you like to make it more representative and smart.
The ATR may be used by market technicians to enter and exit trades, and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made. One popular technique is known as the "chandelier exit". The chandelier exit places a trailing stop under the highest high the stock reached since you entered the trade. The distance between the highest high and the stop level is defined as some multiple times the ATR. 2 For example, we can subtract three times the value of the ATR from the highest high since we entered the trade. Also it can be used as the tool that can help you to choose tokens that suits your strategy.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Do You Use A Systematic Approach?Making money with a systematic approach requires obeying the following rules: *See hourly EurCad example chart (can you do that?)
• A systematic trading approach, tested on historical data, should be executed with precision and accuracy (if possible, a computer should generate the signals).
• Although we concentrate on pattern recognition, candlesticks, and Fibonacci ratios, other tested strategies should work as well.
• The portfolio should have 5 to 10 Forex pairs or products that are all analyzed using the same trading approach.
• Long and short signals should be allowed.
• Each position should be protected with a stop-loss.
• The profit target should be known once the position is entered.
• Each product should have a historically good trading range. I Use around 100 ADR pairs (now most are GBP and Eur ones)
Each trading strategy should perform in real-time trading according to the philosophy behind the trading concept. For example, a long and flat strategy cannot make money in bear market conditions, but it should make money in bull markets.
Find your trading edge and follow a plan for every individual trade you make. Mine includes: scalping or day trading on hourly, 4 hourly or daily time frames, trading from end of Tokyo to end of London (high liquidity and volume), setting stop, enter and take profit on all trades (be patient and not greedy).
How To Trade Forex VolumePlease look at any Forex 4 hour chart with simply volume on bottom- what do you see? Part of your trading edge should be only trading with high liquidity and volume (in-between these 12 hours a day)- then do other things to maintain balance of body, mind and soul in your life.
Yes, you see that only times you should be either scalping or day trading is in between 10 p.m. to 10 a.m. PST/USA ( 12 hours)- this is at the end of Tokyo session to end of London session. *NOTE: convert these times with your own times and/or location.
What is Forex volume: How to use it to your advantage:
If you did not know, the Forex market has an average turnover of $6 trillion daily! In other words, that is the Forex volume! Forex allows swing traders, scalping and position trading... even long term trading. You can enter markets at any time, with tight spreads and good leverage. Lets explain what is Forex volume and how to use it to your advantage...
The Forex players:
To start, interestingly, the bulk of trades are made with major currencies. And only a few global powerhouses account for most of these trades. Forex traders are separated into two categories: Institutional traders: Major banks, governments, hedge funds and portfolio managers. Retail traders: Individual traders ( like you and me) and prop traders (who work at proprietary trading firms).
Institutional trading makes up 90% of the Forex market- the smart money. Only 10% of trades are done by individual and prop shop traders (i.e. traders who trade capital for other people).
Forex volume and liquidity: The Forex market trades 24 hours a day, five day a week. Traders often confuse Forex volume and liqudity. Forex volume is the total amount of capital traded in market. Lots of trades around the clock means a massive amount of volume in the Forex market. Therefore, trades have high liquidity with steady money flows to buy and sell currency. Liquidity is the ability to move your money in and out of the market. High liquidity allows you to enter or exit your trade quickly.
Market Cycle (Stop-Accumulation-Trend)On a 24 hour market cycle or longer time frames- these cycles happen all of the time. If you can figure out which phase current price action is in, you can make your trading easier and more profitable.
Remember: S.A.T. or Stop-Accumulation-Trend
Example of Today's sell trade from a breakout and return then going into trend for the day.