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GBPUSD 08 JULY 2020 1400 hrs -identifying DIV in a channel ref.RSI as an adjunct. Preferred to look for accumulation below the median of RSI (50 level) and distribution above the median line. Volume is always primary. I am finding RSI set at 7 with oversold at 75 and overbought at 25 to be extremely useful in setting alerts into my preferred target areas. If RSI alert is triggered in the target area, further analysis must be conducted to properly identify where you are in the market cycle. If you do not know where you are located within the market cycle chances that the trade works against you elevates. Training/Practice**
Education
by dee718
Re-accumulation example (ref.)Areas to look for re-accumulation: Below support 50-61.8% fib Previous resistance turned support Chosen EMA (14/50 here/Fader technique). RSI is useful for setting alerts. RSI here is at 7. Oversold at 75/overbought at 25. Also useful for a last conformation (although not needed). You may also get a divergence below the creek on the 5 or 15 once price intersects with the other factors listed above. Ideally, you get in on the test and take it to your profit target. Take profit and wait for this to repeat itself. If you think you just so happened to buy right before its going to skyrocket like never before, think again. Always have a profit taking plan in your trading* Holding is for investors and people who don't know what they are doing. PM for TA questions. Training* Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Read the ticker dot com Wyckoff analytics Dee Nixon
Education
by dee718
1
Accumulation into demand line (positioning reference) Example of why its better to avoid selling at support or into a demand line (if using channels). Isolated example of active buying, prepping, for a counter trend position. SM will buy until the sell pressure is low enough for them to mark the price up with as little in their path as possible. Refer to Tom Williams Master the Markets for a thorough and very easy to understand explanation. Its useful to have a grasp of basic supply/demand dynamics. When there is more supply than demand price goes down and when there is more demand than siupply price goes up. Volume analysis vastly improves ones ability to recognize imbalances of the two. Training*
Education
by dee718
BTC - EUR volume side by side comparisonJust to convey the difference in volume between BTC and EUR. Note the uniformity of EURUSD volume and how it correlates with teh day to day session/schedule. It almost looks like trading is a 9-5 job....hmmmm Now note the volume for BTC on a day to day basis.... Which is more predictable? If you are looking to be an actual day trader, stop worrying about what it is you are trading. When you do a side to side comparison, which side do you think is going to earn you the most gains (assuming you even know what you are doing)? Learn volume.
Education
by dee718
BTCUSD 4 hour RSI signalling RSI sensitivity at 7 Instead of 70/30, levels are set at 80/20. Using RSI as an adjunct/signal tool. Note the volume anytime RSI breaks the 20 level. You can set an alert at 20/30. Whenever price breaks this level you will be alerted and there may be a potential long situation setting up. RSI can convey divergences between price and volume. Also can be used as a final confirmation. for example, you are about to enter long but notice RSI hovering around the 50 level: Middle of range, not ideal. Takes patience but there are opportunities off of the 20 RSI if you understand volume. practice*
COINBASE:BTCUSDEducation
by dee718
Volume Profile Possibly the most important indicator you'll useFind value in finding the most traded SP without having to keep changing your input, simply click the visible range volume profile Zoom out as far as you can go and start adding support lines as explained. Then zoom into a time significant to you i.e the last year or 2 and see if those support lines are still relevant! I make no apologizes for the poor audio recording or the thick accent. Any positive comments or support and I'll invest in a better microphone
CEducation
by m0rgz1e
3
How to use the new Anchored VWAP drawing toolThis chart shows the Nasdaq-100 ETF QQQ as a weekly chart going back several years. It shows price, volume , and the newest addition to all TradingView charts... Anchored VWAP. It's been added as a drawing tool and getting started is easy: 1. Select Anchored VWAP from the drawing tools list on the chart’s left-side panel. 2. Now select a point on the chart from which you would like to start your calculation. 3. Click that point and the VWAP line will instantly calculate and appear on your chart. 4. In addition, you can change the color and thickness of the Anchored VWAP line by double-clicking on it and adjusting its colors and style in Settings. Anchored VWAP displays the volume-weighted average price for a specific time period, starting from a user-selected point. In other words, Anchored VWAP shows the price of an asset adjusted for its volume starting from any point chosen on the chart. This is a powerful tool because it takes into account the number of shares traded at each price level and presents it as a smooth line anchored to any moment in time. We’re excited to help the trading and investing community by adding Anchored VWAP to all TradingView charts. Also, if you missed it, we’ve recently improved the original VWAP indicator and now you can choose the interval to calculate. This gives traders the ability to construct any VWAP line based on a time interval of their choosing. Please leave any comments or questions you may have in the comments below. If you're an expert at using Anchored VWAP , please share some tips and strategies so that new traders and investors can learn from you. Thanks for reading!
NASDAQ:QQQEducation
by TradingView
22
Using the Volume Flow Indicator (VFI) to trade like a proOne of the hardest things to do when you're new to trading, and even when you've been in it for a while, is to figure out when to buy and when to sell to maximize profit. I'm sure there have been many times when you've sold too early, or bought in too early, and vice versa. What a waste! Now I'd be lying if I told you there is any sure way to tell the best time to buy/sell, but indicators can definitely help, especially when you're not very experienced. One of my new favourites is the the Volume Flow Indicator (VFI) by LazyBear. I'm not going to explain to you what it is or how it works; you can read that at the link provided at the bottom of this post. But I'll show you an example of how I used it based on the author's suggestion. According to the author, typically a reading above the zero line puts you in bullish territory, and one below the zero line in bearish territory. But as you can see, it might be a bit late if you wait for that. So what you can do instead is look at divergence on the VFI as an indicator of trend reversal. Divergence is basically a higher low near the bottom (yellow lines shown above), or a lower high near the top (blue lines shown above). As you can see, it's a pretty good indicator of trend reversal. I'll be using it a lot more going forward. One thing to note is that I'm using a 4 hour chart here. You may get better results on a daily chart, or 1 hour chart, depending on the coin/stock in question, so do experiment a bit on a per coin/stock basis to see what back-tests the best in that particular case. Another tip from the author is to use a Coefficient of 0.2 for day trading, and 0.1 for intraday trading, which you can change by clicking the gear/settings icon on the VFI toolbar (I'm using 0.2 here). If you think this tutorial is absolutely amazing, and will help you be the best trader you can be, please smash the like button and give me a follow, because I'll be writing a lot more of these, and you'll be notified if you follow me. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Education
by kkarmayogi
5
Identifying supply & demand zone for swing tradingIn this video, I am going to how you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video - identifying support and resistance for swing trading video. Feel free to watch below if you haven't done so: There is one key factor that I pay attention to, which is the price spread. I would like to see big spread bar where the price accelerates to the upside or to the downside. If we have access to the volume, we will generally see high volume for those supply or demand bars. Those big spread bars will form the supply or demand zone.
DJ:DJIEducation
by mingjong
Identifying support and resistance levels for swing tradingSupport and resistance are essential levels for all traders in swing trading. Before one can start placing orders on the buy/sell side, these key levels will form the battlefield for buying or selling. In the video above, I will show you how to identify the support and resistance levels for swing trading so that you can buy near the support and sell near the resistance to maximize our profit while keeping risk exposure low, to have a better reward to risk ratio.  Depending on your strategy, preference and personality, you always have a choice to participate the swing within the range or in a trend. Swing trader always aim to catch the swing low as early as possible and sell when the swing is ended.  Resistance becomes support level once it was broken up. Always extend the support level to the right and pay attention if the price respect the support level. Do treat support as a zone/area instead of single line/level.
DJ:DJIEducation
by mingjong
12