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Nasdaq bear market?After hitting all of our take profits we are looking for the next trade set up. We broke the daily support that dates back to March and there isn't any current major support that we are close to. This along with the bearish divergence and rejection around the .886 retracement inclines me to think that we have now began a major leg down that could bring us back to 12-13 k. However, for that to happen we need continuation patterns and much more data. I think the price will float around here and we'll be able to assess the market better in the next days/week, so that we can action another trade. Long or short.
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by SynergyTradingSetups
GOLD 23/05: The Bears continue to attack!TVC:GOLD Gold prices (XAU/USD) remain at an intraday low near 1,960$ as it falls for the second day in a row while reversing Friday's corrective rally early Tuesday in Europe. In doing so, the precious metal bears the weight of a firmer US Dollar ahead of the first readings of the Purchasing Managers' Index (PMI) for May from leading economies including the United States. A clear break of the ascending support line has formed in three days, now an immediate resistance near 1960$, suggesting that gold prices will continue to fall. Adding strength to the bearish trend are bearish MACD signals. However, the monthly low around 1,945$ could spur the bears as the RSI appears oversold. In the event that Gold prices still fall through 1955$, the late-March low near 1940$ could attract XAU/USD sellers. Meanwhile, a break of immediate support turning resistance near 1,960$ is not an open opportunity for Gold buyers as the 100-HMA hurdle near 1,975$ and the resistance line sloping down from May 11th. 5, near 1,970$ at the latest, could challenge the XAU/USD uptrend. Accordingly, a three-week descending resistance line near 1,990$ should act as the Gold Bears' final layer of defense.
TVC:GOLDShort
by DNA_TradingFX
14
GOLD 22/05: Gold has climbed above the 1980 zone!TVC:GOLD Gold prices have rebounded above potential resistance, which has turned support, drawn from mid-month lows at $1,970 on a four-hour scale. The precious metal shows a V-shaped recovery from around 1955 amid the emergence of responsive buyers. Confident sustainability above the 20-period Exponential Moving Average (EMA) at $1,980 will turn the short-term trend positive. The Relative Strength Index (RSI) (14) briefly moved back into the 40.00-60.00 range, which indicates a bullish reversal. US Dollar Index (DXY) refreshed intraday low at 102.96 as Fed is expected to keep rate policy unchanged due to tightening credit conditions by regional banks The US is putting pressure on inflation. SELL GOLD zone 1993-1995 Stoploss: 2000 Take Profit 1: 1988 Take Profit 2: 1983 Take Profit 3: 1975
TVC:GOLDShort
by DNA_TradingFX
4
GOLD:17/05 After last night's news, the downward trend continuesTVC:GOLD Gold prices (XAU/USD) showed some buying interest after falling below 1990 during the Tokyo session. The precious metal has seen some recovery as the US Dollar Index (DXY) is struggling to extend its rally above 102.75. Gold price has yet to develop a strong uptrend as it needs to pass more filters to gain traction. Gold price analyzed the breakdown of the Rising Channel chart pattern formed on the four-hour scale, however, the breakdown needs to pass some more filters. An intermediate resistance is drawn from the May 5 low of 1999.55. The 10-period exponential moving average (EMA) sloping down at $2,000 is hindering the Gold bulls. The Relative Strength Index (RSI) (14) has slipped into a bearish 20.00-40.00 range, which suggests more bearishness to come. SELL GOLD 2002- 2005 Stoploss: 2010 Take profit 1: 2000 Take profit 2: 1995 Take profit 3: 1985
TVC:GOLDShort
by DNA_TradingFX
GBP/USD: 12/05. Buyer's OpportunityGBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses. GBP/USD trades near the lower limit of the ascending retracement channel, currently at 1.2560. The 50-period simple moving average (SMA) also consolidated that support. In the event that the pair confirms it as resistance, then 1.2530 (100-period SMA) would align with the next downside target ahead of 1.2510 (psychological level, static level) and 1.2450 ( 200 period SMA). On the other hand, 1.2680 (static level) forms temporary resistance ahead of 1.2670 (midpoint of ascending retracement channel). A close above the four-hour close could attract buyers and prompt another move higher towards 1.2710. OANDA:GBPUSD
Long
by DNA_TradingFX
GBPUSD LONG Looking for a retracement point to enter in GU it's very bullish but that also means high volatility so gotta be careful and give enough room for the price to breathe. Lots of targets still to the upside that need to be hit before the price will be ready to drop if it decides to do so. Yesterdays entry didint even get close to activation dont want GU to leave without an entry on it. January 0 - 0 + 0 pips - N/A February 1 - 0 - Xauusd: W + 340 pips, +17.5% 2023 is off to a good start grow with me and follow @Mr.Newmoney on youtube $1000.00 -> $1,170.00
Long
by jonathancarlucci
4
Winning rate (Course #1)The goal of this page is that you understand winning rate and how it works. Your win rate is how many trades are winning trades out of all the trades. This is fairly easy and straightforward. Did you know that you don’t need to win 100% of the time? As a matter of a fact, I found that algos with a VERY HIGH win rate (98-99%) are the worse ones, because the 1-2 % of losing trades represent a loss that is usually equal or bigger than all the gains altogether. See below one of my very first profitable algo. I never got that major loss with this algo, but I knew it would come. I got lucky because I stopped the algo right before a big move against me, which would have caused a liquidation event (similar to what happened to me with the PSAR bot from Swing Trade Pros, see the introduction post). This is basically 769 trades with no loss whatsoever. June July Mid August 2021. This is great right? Yes, but I never slept well because I knew my strategy had a flaw and I could get liquidated at anytime. This algo is one of the algo I run side by side with my hands free algo. I just turn it off when I know that I am at risk of being liquidated. Or, I turn it on when I am rather confident of the direction of the market overall. So what is the point of having a 99% win rate if the 1% loss can erase the 99% profits? In reality you will find that most traders or strategies varies between 25% and 45% win rate. You might think how come you can be profitable if you win only 25% of the time? Hang on I will prove it to you below. My best strategy has a 45% win rate approximately. I have great strategies with 25% win rate also. Most manual traders (no algo) are at about 30 to 35% win rate. Some of these guys on Twitter (very rare) have over 50% win rates, same as Market Cipher Crypto Face, he’s got a higher than 50% win rate I think. He is a very good trader, and this is why he’s very wealthy, because he knows how to manually trade. This benchmark should give you a good idea of what to expect. Another thing – the higher the time frame you use, the higher your win rate. For example, Bitcoin has a tendency to go up only – at least on the macro level, let’s say on the daily time frame. So right there you have what we call an edge, this is an advantage over the market. The advantage is a higher probability to go up than to go down. Because of that, you can easily develop an EMA crossover strategy that will win more than 50% of the time! EASY! Now if you trade on the 5 min timeframe, you literally have a 50% chance for the price to go in either direction. You can try to play the trends here and there, check the momentum, whatever, but if you have traded Bitcoin for long enough, you should know as much as me that ANYTHING can happen at ANYTIME – and even if you were over the 200 EMA, even if Market Cipher showed a bullish divergence and even if you were at a major horizontal support, ANYONE can dump the market (e.g. a whale – or Elon tweeting) and go against all the odds. Because anything can happen, it is much harder to have a really high win rate. So how can you make money if you win only 30% of the time? Check out the example : out of 10 trades, only 3 of them are in profit (3/10 = 30%) Does the order of the trades change the final profit? I shuffled the order of the trades – we can see that it doesn’t matter whether you have a losing strike or more losses before the wins, the results at the end is totally the same. So YES you can make money and lose the majority of the time. It doesn’t take anyone a Master’s degree to understand that this is due to the relative size of the wins to the losses. This also introduces the concept of R multiple, which I cover in Tutorial 5. Take a look below at the 10% win rate strategy. Personally I would love to have this strategy with a 10% win rate! Imagine this is 1 day worth of trades, you end up making 2.314% ! If you do this everyday, you can almost double your money in 1 month! This is true! This is also because of compounding, which I will cover in Tutorial 2. On this example, you can see the winner in relation to the losses, is much larger. 12% win is 12 times bigger than the average loss. What if I don’t compound at each trade? Well in this case, you would get 3% return overall. Before I jump into the conclusion, I want to talk about my 99% win rate strategy. Now that we have covered some examples, thing about a strategy that has a 1% win rate? QFL Luc is a great trader and in one of his videos, he talks about this guy who basically has a trading system with almost a 1% win rate. The thing is, each losses is super small. But 1 time out of 100, he gets right at a bottom or a top, and the trade goes in his favor, and he makes a huge gain, which covers for all his losses! Cool right! Conclusion: Most algos and manual traders have win rates in the 30-40% range. The profitability is the result of the size of my winners as compared to the size of my losers. “Keep your losses small and let your winners run”.
Education
by Maddrix_club
How To: Find Stocks at the START of an UPWARD move.This video will show you a VERY simple way to find stocks that might be at the start of a new upward trend. Video covers: 1. Change your chart from a line chart to a candlestick chart 2. How to add a Simple Moving Average indicator and customise its settings 3. How to setup and add columns in the TradingView Screener 4. How to find stocks where the price has just crossed above the 20 Day Moving Average 5. How to create a TradingView Watchlist 6. How to add these stocks to the Watchlist and keep track of them over the next few days to see if they are trending up Tips: - Don't forget to save your columns (on the left drop down in the screener) and your filters (on the right drop down in the screener) - I tend to look for stocks where the Moving Average is starting to point up to show that the overall trend is up, and not simply a blip - I also like to add the RSI to look for stocks where the RSI is pointing up and between 45 and 65. This is just a very simple example, but the demonstration of how to use some of the tools above might give you some of your own ideas and help you apply them to your own trading style. Like and subscribe if you found the video or any of the described functionality within useful :)
EEducation
by zAngus
19
5 Steps to Success: Serial Winner!💪Hey! Who wanna get a portion of motivation?🧐 I recently read a book "5 Steps to Success: Serial Winner" - by Larry Weidel. 💪 This book served me as a great kick'n ass! You know... sometimes a huge pile of difficulties falls on your head, when usual daily routine becomes unbearable - there are two options - give in and continue suffering or STRUGGLE! The choice is yours, but I prefer to fight!🤜🏼 I'll briefly share the conclusions, that I made after reading this book, I'll be glad if it will become a drop of motivation for someone! 📌 Don't doubt - decide Any victories are preceded by decisions. On the way, we always encounter with the main enemies of our aspirations - hesitation, detailing and excuses. Therefore, in order to decide on your fateful decision, you need: a) do not rely on myths about the advantages of real winners and understand that " advantage is not a guarantee of victory. ”; b) create a plan sufficient to start working on achieving the goal and stop striving for the PERFECT plan, because this simply doesn't exist; c) determine the starting point of your movement, following your natural interest - to finally understand your true motives and desires and give yourself a chance to try. 📌Don't just do - overfulfill Just doing a thing is not enough. In the beginning, we always set too low expectations regarding the energy and resources that need to be invested in achieving a new goal. Of course, we cannot look into the future. However, it's underestimation often leads to defeat The best way to prevent that is to overdo it or overfulfill. Put in extra effort - beyond what was planned - and work more than you think you need to. Not looking for easy ways, but giving everything that you have to a new undertaking. That's the only way to avoid the trap of underestimation and not fail at the beginning of the journey. 📌Don't quit - adjust Difficulties on the way to victory are inevitable. There are two options: quit business and forget your dreams, or meet defeat with dignity this time and do everything possible to win in the future. Any effort has a cumulative effect. Only with time can you see the results of your work - it will be a shame to give up everything before the first signs of success. (That's not a desperate struggle for the impossible.) Victory is a matter carried through to the end. Don't quit your deal, just adjust your unproductive goals. It's even possible to change direction. The main thing is never give up hard work and progressive work. 📌 Don't just start - follow through When you come close to the finish line, various obstacles may arise. But winning is not about preparing, making adjustments, or talking about previous successes. !!!!! Victory is a completely completed business. No matter how insurmountable these obstacles may seem, it's necessary to reach the victorious end. Leaving the goal, almost reaching the top, means losing all the resources that have already been invested along the way, and ruining your reputation due to the loss of trust of others. And don't be surprised, that the last steps on the path require a little more resilience, they are really hard. “98% of what has been done is not done yet. Only the winners overcome the last 2%, ”! 📌Don't calm down - constantly improve After receiving the first victories, it seems to someone, that they can already rest. They reduce the rate of their acceleration and development. However, winning is not a one-time action, but a constant movement. Serial winners recognize how much more can be achieved and are committed to it. They are constantly improving. The best time for it - the moment of "exit" from another victory. That's the perfect time to reflect on mistakes and start working on your weaknesses, try to master a new field and succeed in it, or to learn from even more successful ones. Serial winners get a taste of life in the question "what's next?" That's what distinguishes them from everyone else. WHO ARE YOU???? ARE YOU A SIREAL WINNER?or JUST WANNA BECOME? Share with me in the comments♥️ Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 Some of my last similar posts👇
BITSTAMP:BTCUSDEducation
by RocketBomb
3
AAPL ALL TIME HIGH BREAK OUT TO 175 POST EARNINGS GOLDEN CROSSWOW! SMA's creating golden cross. Stock moving higher aggressively before earnings . Great news today from apple announcing partnership with Goldman $GS. Apple pay will now allow you to make monthly payments on debts. Apple finding news ways to generate growth now through lending. Expect a big move on this call with Tim. Apple credit cards are clearly doing well if they want to continue pursing fin tech ventures. BUY BUY BUY $175 inc!
NASDAQ:AAPLLong
by Barter6