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Editors' picks

The Exit - How to take profitsToday’s content: 1. Why each exit is within 3 months? 2. Why I turn from investing to trading the US markets since Jan 2022 and onwards If you have been following, today’s is the 6th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” Refer to the links below or check the previous 5 videos. E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Editors' picks
Yen steady after core inflation as expectedThe dust is beginning to settle after the Bank of Japan's stunning move earlier this week.  At its policy meeting, the BoJ widened the yield curve on long-term bonds from 0.25% to 0.50%. The move blindsided the markets, which had anticipated a ho-hum BoJ meeting with no changes in policy. The announcement sent USD/JPY tumbling by over 500 points and has raised speculation that the BOJ could make further changes before BOJ Governor Kuroda wraps up his term in April. The yen has since settled down and the markets are keeping an eye on other releases. National Core CPI for November delivered as expected, as the 3.7% gain matched the consensus and ticked up from 3.6% in October. The BoJ also released meeting minutes, but these were from the October meeting. Some members voiced concern about the strong descent of the yen, saying it caused uncertainty and had many negative effects on the economy. It should be kept in mind that the yen was much weaker in October when these comments were made, but it does indicate that the yen's strength is of concern to the BOJ. Another interesting comment was that the Bank needed to assess how the markets would react if the BoJ decided to exit its easy policy. After this week's yield curve move, this point takes on added urgency, with rising speculation that the BoJ could tighten policy in the near term. In the US, there are a host of events today. The markets will be paying particular attention to the PCE Core Index, the Fed's preferred interest indicator. The index is expected to slow to 4.6% y/y in November, down from 5.0% a month earlier. Personal Spending and Personal Income are also expected to soften. The US also releases durable goods, UoM consumer confidence and UoM inflation expectations. Investors will be paying close attention to the inflation and inflation expectation releases. The US posted strong numbers on Thursday. Unemployment claims rose to 216,000, up from 214,000, but investors liked that the reading was lower than the consensus of 222,000. As well, GDP for Q3 was revised upwards to 3.2%, up from 2.9% in the initial estimate. The solid is another indication that the economy is well-positioned to handle additional rate hikes, which the Fed has promised as it battles inflation.  USD/JPY is putting pressure on resistance at 132.83. Above, there is resistance at 134.12 There is support at 131.13 and 130.15
Editors' picks
2
BITCOIN - Ho Ho Ho, Merry Christmas!Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. Hope you will enjoy this Christmas Theme Idea. After breaking the 🎄 Christmas Tree neckline downward (30k zone), 🎅Santa Clause has been heading South to grab the 🎁 gifts from the demand zone 10,000 - 12,000 in green. 📉 BTC has been and would be overall bearish as long as it is trading inside the falling green channel. 📈For the bulls to take over from a medium-term perspective , we need a break above the upper green trendline. Then we will be expecting a shift in momentum from bearish to bullish for BTC to start trading inside the rising green channel. 📊For the bulls to take over from a long-term perspective , we need a break above the 30k red zone again. Which scenario do you think is more probable? why and when? Always follow your trading plan regarding entry, risk management, and trade management. And Remember: All Strategies Are Good; If Managed Properly! Merry Christmas Everyone 🎄 ~Rich
Editors' picks
80
Cycle of 12 Weeks Stay-tune for my coming video version shortly, I will explain more. E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity. I have started a trading series, purpose for trading into longevity. Last week was on Buy Strategy, today on Sell Strategy. These strategies shared, they all can be applied to most markets and in different time frames.
Editors' picks
9
2022 - The Year in Crypto MarketsHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 2022 has not been the best year for cryptocurrencies. Infact, many popular news outlets are proclaiming that 2022 was the death of crypto. Or that it could be, atleast. As if a long, dry, crypto winter wasn't bad enough, we watched as the market started to unravel at its seams. The first major shockwave that hit the market, was the collapse of LUNA and stablecoin Terra. (Ofcourse the Federal Reserve's interest rate hikes weren't helping either.) The crypto industry in TOTAL is a highly connected and integrated market. It is therefore no surprise, that when LUNA crashed, many companies had suffered serious losses from which they could not recover. Celsius had roughly 1.7 million customers and more than $10 billion in assets, but the market conditions ultimately led them to bankruptcy. Many people on the Terra platform had taken out loans in the stablecoin and used LUNA as collateral. When LUNA's value began to drop along with the overall market decline, it impaired the collateral for many of the stablecoin loans. Many of the borrowers, in turn, couldn't repay these loans because they had used the stablecoins to purchase other investments that had themselves dropped in value. The interconnections among all of these transactions amounted to a 'death spiral' that dragged down LUNA and TerraUSD simultaneously and had negative effects on many investors' portfolios. Remember that back in March, the year's first major hackers hit the market. Hackers targeted the Ronin network, which supports Axie Infinity blockchain gaming platform, and stole $625 million, making it the largest cryptocurrency theft to date. It didn't stop there. Many other major crypto platforms, such as Binance and FTX, were also hacked in 2022, making it the year with the most hacks and highest amounts stolen up to date. Confidence in crypto markets continued to decline, and then shocking revelations around FTX and sister company Alameda Research came to light in a November CoinDesk article. Binance CEO CZ immediately and publicly expressed concerns around FTX's solvency and ability to sustain its self-issued token, FTT . Traders began to withdraw funds from FTX. The FTT price fell from roughly $26 to $1 in just a few days and FTX paused customer withdrawals. FTT was discovered to be insolvent, having misused customer deposits and funds. FTX filed for bankruptcy protection in late November. The previous bailout of BlockFi was reversed and BlockFi was back into bankruptcy court. Crypto markets crashed, again. It is important to note that the failures we’ve seen this year have NOT been caused by a failure of the underlying blockchain technology. Ethereum underwent a successful upgrade in 2022, transitioning from a proof-of-work blockchain to a proof-of-stake blockchain. The tokenomics of Ethereum have also changed significantly, which many believe will benefit the future of the ETH ecosystem. 2023 may start bleak, considering talks of a recession, cryptocurrency regulations and the fact that many cryptocurrency companies and their founders are facing bankruptcy and even the threat of imprisonment. But, the future of blockchain remains! Crypto will survive, because it is revolutionary and as a wise businessman once said - If you want to be successful, invent something that makes the previous version absolute. 🎁 And remember, from all of us at CryptoCheck 🎁 🎁Happy 🎁 Festive Season ✨ _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Editors' picks
47
Apple Analysis 21.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
Editors' picks
66
ES - No Santa Only Bear 🐻‍❄️December - known as a bullish month very clearly appears to be in a downtrend now much to the dismay of calendar dreamers. Although it is very common for December to be bullish that doesn't factor in whether the trend is in a bull or bear market and back in 2018 ES lost 17% in December alone! Since October ES has been locked in an ascending channel which can be drawn in multiple ways as shown here. Both lower trendlines having relevance. This ascending channel appears to have printed 7 waves up, much to the confusion of Elliott Wavers, and the whipsaw following the Powell speech printed the blow off top phase. At the top both ascending channel trendlines were breached, but most importantly it pushed through the Supply Line that had not been breached since the when it was formed. And so a Shakeout Reversal Pattern printed (SRP). This imo is the most important pattern in charting because it is a fake move in one direction to tap the liquidity of buyers-to-open trading the breakout and buyers-to-close getting stopped out, and they get trapped or removed from the market both at loss. And this pattern tends to happen at major pivots so good chance this is one just passing here to see much lower lows. So now ES finds itself hitting resistance and rejecting, it may chop a bit perhaps but this is now a strong downtrend. Not advice
Editors' picks
14

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Snaps

23 Dec

Orders from the top

Since October, Biden’s administration has been clamping down on companies selling chips (and the equipment to make them) to China, igniting a trade battle between the two largest economies on the planet. It will take some time to fully understand the implications of the ban, but the effects are already starting to be felt – and it could play a large role in shaping US-China relations for decades to come. Let’s dive in.

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AMAT
The fault in our chips

The US is clamping down on chip-making exports to China, and US-based companies are suffering the fallout.

CCL
Not the fun kind

Carnival Corp managed to weather the covid years surprisingly well, but its Q4 earnings still failed to impress investors.

FILUSD
Approaching all-time lows

One of the worst performing digital assets of the past few weeks, Filecoin might have to do something special to turn it around.

GOOGL
Game day

Google’s continuing its push to make YouTube the place to be for sports, with a major deal making that more likely.

TOTALDEFI
A bountiful year (for some)

The crypto market may have taken a hammering this year, but some white-hat hackers were making profits.

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Trade ideas

XRP - Whales will start buying XRP here. But first a 55% DROP! This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable. If you ask me when moon for XRP? I can tell you that after we hit 0,1 - 0,09 USDT, the whales will start buying massively. The whales are going to send XRP to the moon! And I am telling you it will be massive; you don't want to miss it, so hit the LIKE if you think I am right. But let's be realistic; this is the biggest bear market in history, and it's better to buy XRP at a cheaper price. XRP is stuck in this parallel channel on the weekly chart, and the bears are in full control. There are no signs of a trend reversal at all. No buying alerts from whales As per my Elliott Wave analysis, this downtrend is so incomplete. We are in the middle of the bearish trend that started on April 13, 2021. But we are basically finishing the downtrend that started in 2018. It can take another 1-2 years for XRP to bottom out. XRP is ranked 6 on CoinGecko, which is pretty impressive. Transactions on XRP are extremely fast and extremely cheap, so it's a pleasure to use it for payments. But it's not a digital gold nor a store of value and will never be, this can only be Bitcoin. Thank you, and for more ideas, hit "Like" and "Follow"!
35
Bitcoin Holiday: 3 Suggestions.While my swing trade short idea in Bitcoin has not reached its break even stop since I suggested the adjustment, I have suggested that people in the position close it at market (16,850 area at the time). While the profit (approx +755) was not able to justify the risk, it is better to mitigate risk rather than hope for big wins in this environment. In other words, if its green, and a conflicting signal shows up, take the money and run. The conflicting signal came earlier in the week (large green candle) which missed my profit target by less than 100 points. I have been warning followers about the type of price action to expect around weeks three and four of December. A lot of nothing and that is what we are getting. Here is what else I suggest around this time of year: 1. AVOID the nonsense forecasts and irrelevant opinions about where markets will be in the future. If you haven't learned your lesson from the same nonsense that we were seeing a year ago, then I don't know what to tell you. NO ONE knows the future (unless you are an insider). Technical analysis sheds light on some possibilities maybe a few weeks out, maybe a month at best. 2. FOCUS on information and events that are FACTUAL. For example, we know that in January, a new senate will take over in the U.S. This means it is reasonable to expect some changes in legislation. What exactly I don't know. We also know the regulatory agencies will be very active this year, they were very public about their intentions. We also know there will be events and preparations for the next U.S. presidential election. These things can affect markets. 3. Use this quiet time to plan your investments and educate yourself more about how the industry works. Learn to account for risks and stop chasing dreams. There is no such thing as fast money in this game. Those who believe the "images" of this lifestyle are ignorant. Stop focusing on gimmicks, charting, etc, and instead take the time to consider where you fit in from the industry perspective. The sooner you figure this out, the better you will be able to judge the information that you are constantly presented with. Over the next week, volume and activity is likely to continue to be light. There's not much on the economic calendar even worth mentioning. I suggest taking the time off, ESPECIALLY if you are on smaller time frames. While NOTHING has changed in Bitcoin, price structure still points to lower prices. Without a catalyst though, price action can be VERY random and full of false movements. It's not worth the risk and BETTER to WAIT for an environment that can drive prices with more momentum. Thank you for considering my analysis and perspective. I sincerely wish you a happy holiday and hope you enjoy with your families. Thank you for being a great community and for your support.
5
RLinda ! GOLD-> Bulls Celebrate CHRISTMAS and Pressure SellersGold shows quite positive dynamics at the end of the calendar year 2022. Since November, the price showed a very intensive stage of recovery and made a rally of 12.6%. On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout. In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935. Merry Christmas! Regards R.Linda!
Long
18
BITCOIN - Ho Ho Ho, Merry Christmas!Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. Hope you will enjoy this Christmas Theme Idea. After breaking the 🎄 Christmas Tree neckline downward (30k zone), 🎅Santa Clause has been heading South to grab the 🎁 gifts from the demand zone 10,000 - 12,000 in green. 📉 BTC has been and would be overall bearish as long as it is trading inside the falling green channel. 📈For the bulls to take over from a medium-term perspective , we need a break above the upper green trendline. Then we will be expecting a shift in momentum from bearish to bullish for BTC to start trading inside the rising green channel. 📊For the bulls to take over from a long-term perspective , we need a break above the 30k red zone again. Which scenario do you think is more probable? why and when? Always follow your trading plan regarding entry, risk management, and trade management. And Remember: All Strategies Are Good; If Managed Properly! Merry Christmas Everyone 🎄 ~Rich
Editors' picks
80
WAVES/USD Main trend. Accumulation and distribution zones. Logarithm. Main trend. Time frame 1 month. Are you scared in the market right now? If yes, then rejoice and change your fear into a positive. After all, if you're scared, then other market participants are similarly scared, and this is an understanding of the surrender zone. Linear schedule . 1 month. Accumulation and distribution. The average price of recruitment and resetting. In this trading idea, I will describe how a big player works and manipulates the price of an asset. You need to understand the mechanism of market play according to cycles and the psychology of people's behavior in the market in different phases of the cycle. The big player in the asset accumulation zone "makes volatility," allowing you to earn locally (he buys into you). On pamp, you sell coins with a profit of +50%, +100% +200% is not particularly important. After all, the point is for you to sell coins at a profit or a loss. The less liquid the instrument, the wider the range, and vice versa. Then the same coin is sold to you or others like you in the next cycle, but at a profit of +10,000% or more. For a major player, the % monopoly on coins of the total market turnover is important. A large percentage of the total turnover gives an opportunity to influence the price in its favor, in other words, to control the price of the cryptocurrency. As a rule, most do not buy in accumulation, they are afraid. They wait for those who are supposed to sell to them to say, "Fools, it's time to buy in triple-dollars." Accumulation. You make a lot of money not on the pump but in the growth of the price in a strong trend. It takes time, sometimes a very long time, to accumulate a position in a certain range. On some liquid U.S. stocks, it takes a year or more to gain a position. On cryptocurrencies, this process is much faster, but sometimes this stage of the process is time-consuming. Most market participants, who are doomed to lose all the time, do the opposite. Projecting into trading what they are in real life. Anything that has to do with money reinforces this effect. Buy expensive (aimed at buying), sell cheap (aimed at selling). Do not inherit this tendency. Distribution of coins (sale of coins). Similarly, it takes a long time to reset a large position in an acceptable price range as well. This example of working on this cryptocurrency illustrates this creative process well. It is a creative process because it is work according to the plan, but from the situation that develops, you need to inspire the mice to willingly crawl into the mousetrap with a smile on their face. We need to keep the price (price level range) and let them earn +30%, +100% +200% is necessary to get everyone used to super-highs. Make a substitution in the concept of “super highs” and “bottom”. And simultaneously, you gradually unloaded your position. Believing hamsters will willingly buy "from the bottom" thereby you will not burn a lot of money to keep the “faith level”. You have to understand the mindset of the majority and their desires. Most people can't think for themselves, they pass off other people's insinuating thoughts as their own. Such is the psychology of the lower classes. Destructive desires, low intelligence and ideological significance. They do their thing. Intelligence in the crowd evaporates, herd cloning thinking is turned on. It's contagious... After about 60-70% of the position is sold out in an acceptable range, the dumping of the rest of the asset begins. By moving the price down to the desired new set of positions, you gradually "kill the faith" of the lazy hamster in a bright future. As a rule, the crowd is drained at the very bottom, when it was told to sell, or correctly said, instilled with the idea to get rid of the “unpromising”. You must know in advance where and at what % of the allocated sum you will fill the position and under what conditions. There should be discipline in everything, and you should determine in advance your future actions according to your trading algorithm, rather than an emotional component. Closer to the main position set zone-another price increase (optional) to unload another 10-20% of the position. In this coin this was done in the last cycle. Often you can see that this is done differently. Imitation of the accumulation channel, when the remaining extra part of the position is unloaded (not all of it). This method allows deceiving not completely stupid people, namely traders who analyze only price charts and understand the internal processes. People see an imitation of accumulation. This, by the way, is difficult to understand. After all, skillful work always hides "traces of the crime" in the buying/selling lane. And only experience allows you to determine that. For example, I once got into such a situation due to my inattention, but a timely exit upon confirmation of a breakdown of channel support partially leveled the situation. Unsuccessful experience is also extremely important, you need to make the right conclusions and continue to develop in this area as a player or even as an operator. In the next cycle of accumulation-pumping-dumping-accumulation, the process naturally repeats itself, if the organizers have enough rationality to support the project. A fool is not a mammoth, he will not go extinct. That's why this market makes super profits. It's very simple. I copied the entire text from my educational article 2020 , on the same coin. Profit over +500% since publication. Maximums as shown +12,300% or $60.66 WAVES/USD Main Trend. What "fuel" doesn't see. Process . Now there are problems with the USDN Stablecoin near the surrender zone Importantly, you have to understand that this is DEX WAVES Stablecoin, which is the point of "untethering." Amazingly, I haven't come across anywhere in the comments disgruntled and understanding why this is being done. Is the market to blame, as in LUNA-UST? All accidents of this magnitude are not. On the Internet, in the comments of victims encountered only negative (gave up, anger at losing money, “killed faith”) or conversely positive (the desire to save your money). Any trader understands the essence of cheating. Any stabelcoin is an altcoin whose stability depends on people's belief in its stability, and the willingness of its creators to maintain that belief in stability. WAVES/USD Secondary trend. Wedge. Capitulation. Locally. Time frame 1 day. Locally. Time frame 1 day.
6
Lingrid | GOLD: what AWAITS it in 2023?After years period of declining annual CPI, it skyrocketed this year, with inflation reaching highs in most developed countries. The problem has been particularly acute in Europe, where the consumer price index exceeded 10 percent due to disruptions in energy supplies caused by the war. While price pressures are easing, they may remain a key factor to watch next year. 2020 was a record year of fiscal and monetary stimulus, and as a result, 2022 saw interest rates soar as central banks now struggle in vain to control high inflation. As we approach next year, the factors that drove the markets in 2022 will also be important to gold's role next year. Rising recession fears and inflation, falling real estate prices, and declining cryptocurrency prices all support the case for gold as it regains its position as a safe haven asset and diversification tool. Perhaps the dominant factor will be the dynamics of the stock market, because gold often shows good results in periods of falling stock markets. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
5
USDCHF: Short from Resistance Bearish Indications • Overall Trend is Bearish • Resistance Zone at 0.93693 • Fib Level 61.8% as the Resistance level • Gartly’s XABCD pattern supports a reversal in the area of 0.93923 • Seasonal Analysis Shows USD remains Bearish in December month Bullish Indications • HHs and HLs on 1Hr Timeframe • Bullish Engulfing • Trend Line is working as support Price has respected it once. • Significant Support Zone at 0.93185 • Seasonal Analysis shows CHF Remain Bullish in December Month. Biased: Short Entry Short: 0.93803 TP1: 0.93231 (Fib Level 38.2%) TP2: 0.92891 (Fib Level 61.8%) Stop Loss: 0.94375 (10 pips above Point X of XABCD Pattern) Lot Size 0.16 x 2 Risk/Reward: 1:1.6
5

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Pine scripts

Day Trading Booster by DGTTiming when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney , Tokyo , London and New York sessions Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports. When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds Cryptocurrency markets on the other hand remain open 24/7, even during public holidays Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend. Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction The Bottom Line The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order) The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep What does the Day Trading Booster do? Day Trading Booster is designed ;   - to assist in determining market peak times, the times where better trading opportunities may arise   - to assist in determining the probable trading opportunities   - to help traders create their own strategies. An example strategy of when to trade or not is presented below For Forex markets specifically includes   - Opening channel of Asian session, Europien session or both   - Opening price, opening range (5m or 15m) and day (session) range of the major trading center sessions, including Frankfurt   - A tabular view of the major forex markets oppening/closing hours, with a countdown timer   - A graphical presentation of typically traded volume and various forext markets oppening/clossing events (not only the major markets but many other around the world) For All type of markets Day Trading Booster plots   - Day (Session) Open, 5m, 15m or 1h Opening Range   - Day (Session) Referance Levels, based on Average True Range (ATR) or Previous Day (Session) Range (PH - PL)   - Week and Month Open Day Trading Booster also includes some of the day trader's preffered indicaotrs, such as ;   - VWAP - A custom interpretaion of VWAP is presented here with Auto, Interactive and Manual anchoring options.   - Pivot High/Low detection - Another custom interpretation of Pivot Points High Low indicator.   - A Moving Average with option to choose among SMA, EMA, WMA and HMA An example strategy - Channel Bearkout Strategy When day trading a trader usually monitors/analyzes lower timeframe charts and from time to time may loose insight of what really happens on the market from higher time porspective. Do not to forget to look at the larger time frame (than the one chosen to trade with) which gives the bigger picture of market price movements and thus helps to clearly define the trend Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Editors' picks
Pine Script™ indicator
120
DR/IDR V1Defining Range DR and Implied Defining Range IDR for regular Session and overnight Session This script is showing the IDR and DR for the regular trading session and for the overnight session based on the rules from the creator of the DR/IDR concept. It works for all major Forex Pairs, BTC, ETH and the US Equity indices. This concept is based on rules and has a 80 % probability to be correct. It should be applied in the 5 Min. Timeframe. The timings for the RDR are from 09.30 - 10.30 am New York local time. The timings for the ODR are from 03.00 - 04.00 am New York local time. Rules: 1. If price in the 5 Min timeframe closes above the DR high after 10.30 am or 04.00 am then the DR low will be with 80 percent probability the low of the trading session. This is called confirmation. 2. If price in the 5 Min timeframe closes below the DR low after 10.30 am or 04.00 am then the DR high will be with 80 percent probability the high of the trading session. This is called confirmation. 3. If price closes above the IDR high after 10.30 am or 04.00 am it is an early indication that the low of the DR will be the low of the day and vice versa. Credits: This script imports the recently published (VisibleChart) library containing functions that return values calculated from the range of visible bars on the chart. bmistiaen helped me a lot with this script. Thank you a lot.
Pine Script™ indicator
50
Smart Money Concepts [LUX]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category. "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action. The indicator includes alerts for the presence of swing structures and many other relevant conditions. Features This indicator includes many features relevant to SMC, these are highlighted below: Full internal & swing market structure labeling in real-time Break of Structure (BOS) Change of Character (CHoCH) Order Blocks (bullish & bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs & Lows Premium & Discount Zones as a range Options to style the indicator to more easily display these concepts Settings Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart. Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome. Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart. Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH). Confluence Filter: Filter non-significant internal structure breakouts. Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels). Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL. Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart. Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart. Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows. Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart. Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart. Auto Threshold: Filter out non-significant fair value gaps. Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection. Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart. Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels. Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart Usage Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals. In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart. Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above. As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels. The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator. Conclusion This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
Pine Script™ indicator
316
Volume composition (Buy & sell, active & passive)— Overview While net volume is useful information, it can be a blunt data point. Volume composition breaks down the content of volume, allowing a more detailed look inside each volume node. Volume composition consists of the following information: Total volume (buy and sell). By default gray node. Dominating volume (buy or sell). By default dark green/dark red node. Dominating active volume (buy or sell). By default light green/light red node. Dominating volume as percentage of total volume. Dominating active volume as percentage of total active volume. Buy and sell volume is defined by volume associated with lower timeframe up/down moves. This classification is further broken down to passive/active, standing for decreasing/increasing volume, e.g. a move up with volume higher than previous bar volume = active buy volume, a move up with volume lower than previous bar volume = passive buy volume. Volume data is fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours : 5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts > 8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts > 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining buy/sell volume, e.g. using close as source, a close that is higher than previous close would be considered as buy volume. This could be replaced with OHLC4 for example, resulting in a volume direction based on OHLC average. Volume composition of current chart can also be replaced with any other chart volume composition: — Visuals Breakdown of visual elements: 1. Symbol and timeframe used for volume composition calculations. By default the chart that is viewed and automatically selected lower timeframe. 2. Dominating volume threshold exceeded. Can be defined via input menu, 70% of total volume by default. 3. Dominating volume as percentage of total volume. Plotted below volume nodes, without % symbol. 4. Dominating active volume, + or - symbol, standing for buy and sell. Plotted below dominating volume percentage. When dominating volume and dominating active volume sides are in a disagreement (e.g. dominating volume is on buy side while dominating active volume is on sell side) this symbol will appear inside brackets, (+) or (-). 5. Dominating active volume as percentage of total active volume. Plotted below +/- symbol. 6. Dominating active volume threshold exceeded. Can be defined via input menu, 70% by default. Dominating volume & active volume percentages can be rounded to single numbers to avoid clutter caused by overlapping values. The percentage values will be rounded to closest single number value, e.g. dominating volume percentage at 54% = 5, dominating volume percentage at 55% = 6. Volume anomalies can be highlighted on the chart with a color for studying the events and their past implications in greater detail. Available anomalies for highlights are the following: Buy volume threshold exceeded Sell volume threshold exceeded Active buy volume threshold exceeded Active sell volume threshold exceeded Volume & active volume divergence — Practical guide Volume is arguably one of the most important data points as it directly relates to liquidity. High volume can be an indication of strength (price likely to continue moving) or absorption (price likely to halt/turn). Same applies to active volume, but with an element of aggression. High active volume serves as an indication of exuberance or otherwise forceful transacting, like stop losses triggering. With these principles in mind, the composition of volume allows distinguishing potentially important events. Example #1 : Identifying areas of trapped market participants Often when volume spikes distinctively, we can make the case that price has found sufficient liquidity to halt/turn. Since we know which side was absorbed, in what quantity and type (passive/active), we can identify areas of trapped market participants. In such scenarios, the higher the dominant active volume and volume spike itself, the better. Example #2 : Identifying a healthy trend A healthy trend is one that has an active and consistent bid driving it. When this is the case, it can be seen in consistently supportive active volume. Example #3 : Identifying inflection points When dominant side of volume and dominant side of active volume diverge, something is up. A divergence often marks an area of indecision, hinting an imminent move one way or the other.
Editors' picks
Pine Script™ indicator
25
ZigZag█   OVERVIEW This library is a Pine Script™ programmer’s tool containing custom user-defined types and functions to calculate ​Zig Zag indicators within their scripts. It is not a stand-alone indicator. Pine Script™ libraries are publications that contain reusable code for importing into Pine Script™ indicators, strategies, and other libraries. For more information on libraries and incorporating them into your scripts, see the Libraries section of the Pine Script™ User Manual . █   CONCEPTS ​Zig Zag​ ​Zig ​Zag ​ is a popular indicator that filters out minor price fluctuations to denoise data and emphasize trends. Traders commonly use ​​Zig Zag​ for trend confirmation, identifying potential ​support and ​resistance​, and pattern detection​. It is formed by identifying significant local high and low points in alternating order and connecting them with straight lines, omitting all other data points from their output. There are several ways to calculate the ​Zig Zag​'s data points and the conditions by which its direction changes. This script uses ​pivots as the data points, which are the highest or lowest values over a defined number of bars before and after them. The direction only reverses when a newly formed ​​pivot​ deviates from the last ​​Zig Zag​ point in the opposite direction by an amount greater than or equal to a specified percentage. To learn more about ​Zig Zag​ and how to calculate it, see this entry from the Help Center. █  FOR Pine Script™ CODERS Notes This script's architecture utilizes user-defined types (UDTs) to create custom objects which are the equivalent of variables containing multiple parts, each able to hold independent values of different types . UDTs are the newest addition to Pine Script™ and the most advanced feature the language has seen to date. The feature's introduction creates a new runway for experienced coders to push the boundaries of Pine. We recommend that newcomers to the language explore the basics first before diving into UDTs and objects. Demonstration Code Our example code shows a simple use case by displaying a ​​Zig Zag​ with user-defined settings. A new ​ZigZag object is instantiated on the first bar using a Settings object to control its attributes. The fields for the Settings object are declared using variables assigned to input.* functions, allowing control of the field values from the script's settings. The `update()` function is invoked on each bar to update the ​​ZigZag object's fields and create new lines and labels when required. Look first. Then leap. █  TYPES This library contains the following types: Settings   Provides calculation and display attributes to ​ZigZag objects.   Fields:      devThreshold : The minimum percentage deviation from a point before the ​ZigZag will change direction.      depth : The number of bars required for ​pivot detection.      lineColor : Line color.      extendLast : Condition allowing a line to connect the most recent ​pivot with the current ​close.      displayReversalPrice : Condition to display the ​pivot ​price in the ​pivot label.      displayCumulativeVolume : Condition to display the cumulative ​volume for the ​pivot segment in the ​pivot label.      displayReversalPriceChange : Condition to display the change in price or percent from the previous ​pivot in the ​pivot label.      differencePriceMode : Reversal change display mode. Options are "Absolute" or "Percent".      draw : Condition to display lines and labels. ​Point   A coordinate containing time and price information.   Fields:      tm : A value in UNIX time.      price : A value on the Y axis (price). ​Pivot   A level of significance used to determine directional​ movement or potential support​ and resistance.   Fields:      ln : A line object connecting the `start` and `end` ​Point objects.      lb : A label object to display ​pivot values.      isHigh : A condition to determine if the ​pivot is a ​​pivot high.      vol : ​​Volume for the ​pivot segment.      start : The coordinate of the previous ​Point.      end : The coordinate of the current ​Point. ​ZigZag   An object to maintain ​Zig Zag​ settings, ​pivots, and ​volume.   Fields:      settings : Settings object to provide calculation and display attributes.      pivots : An array of ​​​Pivot objects.      sumVol : The ​​volume sum for the ​​​pivot segment.      extend : ​​Pivot object used to project a line from the last ​​​pivot to the last bar. █  FUNCTIONS This library contains the following functions: last​Pivot(this)   Returns the last ​​​Pivot of `this` ​​ZigZag if there is at least one ​​Pivot to return, and `na` otherwise.   Parameters:      this : (series ​​ZigZag) A ​​ZigZag object.   Returns: (​Pivot) The last ​​Pivot in the ​​ZigZag. update(this)   Updates `this` ​​​ZigZag object with new ​pivots, ​volume, ​lines, labels.   Parameters:      this : (series ​​ZigZag) a ​​ZigZag object.   Returns: (bool) true if a new ​Zig​ Zag​ line is found or the last Zig​ Zag​​ line has changed. newInstance(settings)   Instantiates a new ​ZigZag​ object with `settings`. If no settings are provided, a default ​ZigZag​​ object is created.   Parameters:      settings : (series Settings) A Settings object.   Returns: (​ZigZag) A new ​ZigZag​ instance.
Pine Script™ library
19
Electrocardiogram ChartThis is an attempt to develop alternative visualisation of financial charts. This script also makes use of new pine feature types which represents User Defined Object Types. You can refer to below documentation to understand more about this feature: www.tradingview.com www.tradingview.com 🎲 Structure of new chart components 🎯Instead of candles/bars, this type of chart contains Electrocardiogram blocks which resembles the heartbeat signals on electrocardiogram. Body color of the block is defined by the open and close prices of the bar. If close is greater than open, body is green. Otherwise, the body is painted red. Border color of the block is defined by the close prices of current and previous bar. If the close of current bar is greater than that of last bar, then the border color is green. Otherwise, border color is painted red. 🎯Inside each blocks there will be 5 connecting lines called the signal lines. open-open open-firstPeak(high or low of the bar whichever comes first) firstPeak-secondPeak(high or low of the bar whichever comes last) secondPeak-close close-close 🎯 Color of the signal lines are determined by which among the high/low of the bar comes last. If highest part of the bar reached after reaching the lowest part of the bar, then signal lines are coloured green signifying bullish sentiment towards the end of bar. If lowest part of the bar reached after reaching the highest part of the bar, then signal lines are coloured red signifying bearish sentiment towards the end of bar. Pictorial examples here: 🎲 Limitations with pinescript implementation Since, pinescript can only use maximum 500 lines and each block will take 1 box and 5 lines, it is not possible to display more than 100 bars. Each block of new Electrocardiogram chart will take the space of 7 bars of candlestick chart. Due to this, the alignment of regular OHLC candles is not inline with the new chart type. Background highlighting is done for the part of the OHLC candles where Electrocardiogram blocks are plotted so that it helps users to map the bars manually Thanks to @theheirophant for suggestion of name :)
Editors' picks
Pine Script™ indicator
47
1-2-3 Pattern (Expo)█ Overview The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it. Our 1-2-3 Pattern (Expo) indicator helps traders quickly identify the 1-2-3 Reversal Pattern automatically. By analyzing the price action data, the indicator shows the pattern in real-time. When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler. █ How to use The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
16
Visualizing Displacement [TFO]An easy and basic way to visualize displacement (energetic moves) in single bars/candles. This is determined by comparing the bar range (either from high to low, or from open to close) to its standard deviation over some specified length. The strength parameter applies some multiple to the standard deviation, which can help to filter out only the strongest indications of potential displacement. Displacement is a key concept in Inner Circle Trader (ICT) concepts, especially when anticipating potential changes in trend. Although it's fairly easy to see "displacement candles" with large ranges, the bar coloring in this script can help remind us of who is in control (buyers or sellers) based on what side is creating those energetic moves most recently. Once we see signs of displacement, we can then apply concepts like premium/discount, order blocks, optimal trade entries, etc. to look for reasonable trade opportunities in the direction of the current trend. A lack of displacement can be just as telling - if an effort to displace through a key swing high/low has failed, it's possible that a reversal may be underway.
Pine Script™ indicator
4
3-TP JaZYoN bot 2.0 [60min]Hello everyone This script is optimalized for -------------->>> BINANCE:BTCUSDTPERP 60MIN As always I recommend using this pair, becouse of the highest volume pair in the whole crypto space Higher volume made more reliable decisions of my indicators so I recommend using this . This bot is trend-following for 1h charts, using simple strategy logic. General stats are : TP-1 : 0.8% TP-2 : 1.2% TP-3 : 2.1% //// SL : 7% This bot has extremly high stop-loss, becouse its dedicated mostly for strong-trends. I set strategy,equity at 50%, this is equal to using 1.5x leverage each entry. How this bot works? - Bot only using 2 conditions to open long or short positions. Most important indicator is PKAMA PKAMA shows excatly when we start making serious moves, while PKAMA is moving, we are going with the trend so for the first conditions we are also using combine of indicators such as: - ADX - Basic Volume indicator - Actual Support and Resistance This combine is enough to not over-optimalized this bot While PKAMA is flat and dont move, we are using bollinger bands as the main conditions with combination of : - Bollinger Volume indicator - Centred Trend Indicator So with this kind of combinations these two main conditions, we are able to going with the trend and also we can be profitable without any trend This script is prepared mostly for strong trend movemments, be careful with leverage becouse of the extremly high stop-loss As always Enjoy guys ;)
Pine Script™ strategy
9

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Educational ideas

Relative Strength IndexThe Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it actually does is to measure the assets strength relative to its own price history, not that of the market. The Relative Strength Index is useful for generating signals to time entry and exit points by determining when a trend might be coming to an end or a new trend may be forming. It weighs the prices upward versus downward momentum over a certain period of time, most often 14 periods, thus showing if the asset has moved unsustainably high or low. The RSI is visualized with a single line and is bound in a range between 1 and 100, with the level of 50 being considered as a key point distinguishing an uptrend from a downtrend. You can see how the RSI is plotted on a chart on the following screenshot. J. Welles Wilder, the inventor of the Relative Strength Index, has determined also two other fundamental points of interest. He considered that an RSI above 70 indicates that the asset is overbought, while an RSI below 30 suggests an oversold situation. These levels however are not strictly set and can be manually switched, according to each traders unique trading system. Trading platforms allow you to choose any other value as overbought/oversold boundary apart from the conventional levels. How is RSI calculated? The formula is as follows: RSI = 100 – Where the RS (Relative Strength) is the division between the upward movement and the downward movement, which means that: RS = UPS / DOWNS UPS = (Sum of gains over N periods) / N DOWNS = (Sum of losses over N periods) / N As for the period used for tracking back data, Wilders original calculations included a 14-day period, which continues to be used most often even today. It however can also be a subject to change, according to each traders unique preferences. After the estimation of the first period (in our case the default 14 days), further calculations must be made in order to determine the RSI after a new closing price has occurred. This includes one of two possible averaging methods – Wilders initial and still most commonly used exponential averaging method, or a simple averaging method. We will stick to the most popular approach and use exponential smoothing. The UPS and DOWNS for a 14-day period will then look like this: UPSday n = / 14 DOWNSday n = / 14 What does the RSI tell us? here are several signals that the Relative Strength Indexs movement generates. As we said earlier, this indicator is used to determine what kind of trend we have and when it might come to an end. If the RSI moves above 50, it indicates that more market players are buying the asset than selling, thus pushing the price up. When movement crosses below 50, it suggests the opposite – more traders are selling rather than buying and the price decreases. You can see an example of an uptrend below where the RSI remains above 50 for almost the duration of the move. However, do keep in mind to use the RSI as a trend-confirmation tool, rather than just determining the trend direction all by itself. If your analysis is showing that a new trend is forming, you should check the RSI to receive additional confidence in the current market movement – if RSI is rising above 50, then you have a confirmation at hand. Logically, a downtrend has the opposite properties. Overbought and oversold levels Although trend confirmation is an important feature, the most closely watched moment is when the RSI reaches the overbought and oversold levels. They show whether a price movement has been overdone or it is sustainable, thus, indicating if a price reversal is likely or if the market should at least turn sideways and see some correction. The overbought condition suggests a high probability that there are insufficient buyers on the market to push the asset further up, thus leading to a stall in price movement. The reverse, oversold, level indicates that there are not enough sellers left on the market to further push prices lower. This means that when the RSI hits the overbought area (in our case 70 and above), it is very likely that price movement will decelerate and, maybe, reverse downward. Such a situation is pictured on the screenshot below. You can see two rebounds from the overbought level with the first move being extraordinary strong and bound to end with a price reversal, or a correction at least. . Having noted that prices tend to rebound from overbought/oversold levels, we can therefore reach the conclusion that they tend to act as support/resistance zones. This means that we can use those levels to generate entry and exit points for our trading session. As soon as the price hits one of the two extremes, we can use the Relative Strength Index to confirm a probable price reversal and enter an opposite position, hoping that prices will reverse in our favor. We can then set the opposite extreme level as a profit target.
Editors' picks
Education
20
Adaptive vs. Over-fitting StrategiesAdaptive trading strategies and over-fitting strategies are two approaches that have been the subject of much debate in the world of financial markets. On one side, adaptive trading strategies involve the use of machine learning algorithms to analyze market data and adapt to changing market conditions in real-time. These strategies aim to optimize trading performance by continuously learning from market data and adjusting their approach accordingly. On the other side, over-fitting strategies involve the use of complex models that may be too sensitive to the specific characteristics of a particular market dataset. This can result in the model making predictions that are not applicable to other market conditions, leading to poor performance when the model is deployed in live trading. One argument in favor of adaptive trading strategies is that they have the potential to significantly improve trading performance by continuously learning from market data and adapting to changing conditions. These strategies can also be more flexible and responsive to market changes, allowing traders to take advantage of opportunities as they arise. However, there are also valid concerns about the use of adaptive trading strategies. One potential issue is that these strategies may be prone to overfitting, where the model becomes too closely tied to the specific characteristics of a particular dataset and is not able to generalize well to other market conditions. This can lead to poor performance when the model is deployed in live trading. Another concern about adaptive trading strategies is that they may require a large amount of data to be effective, which may not be practical for traders who are working with limited data sets. Additionally, these strategies may be more complex and require more advanced technical expertise to implement and maintain, which may not be feasible for all traders. Overall, the debate between adaptive trading strategies and over-fitting strategies is a complex one, and there is no one-size-fits-all answer. The best approach will depend on the specific needs and goals of the trader, as well as the resources and expertise available. Ultimately, it is important for traders to carefully consider the pros and cons of both approaches and choose the one that is most appropriate for their needs.
Education
2
Flawed concepts: divergences One of the reasons why a divergence on an "indicator" hasn't provided an expected result is because there was an info conflict with more data on lower resolution (aka higher timeframe was against it). The second reason is because these indicators don't know how to distinguish buying and selling waves properly, when they start and when they end, as explained in "Real waves". Even if you pass the correctly approximated typical wave size as a lookback window length, it won't change anything 4 real. The third reason is because these indicators actually are not supposed to be used for comparative analysis. They are what they are, they approximate slope aka direction aka gradient in given data, and some also calculate some sort of statistical limits for these historical slope values. If that's what you really need, you can simple calculate Z-scores of Close minus Open values over some lookback window, you'll do better. As explained in "Wave exhaustion", a wave (continuous directional movement) strength is understood based on: 1) How far the price gone; 2) How much time passed; 3) How much volume got traded during this wave. The indicators will show you a correct divergence when 2 waves have the same volume, same price range, but different time range. Volumes are completely disregarded. And most importantly, even if when volumes are the same, time is the same, but price ranges are different, it will Not show you a divergence at all. So effectively, even disregarding volume, price & time are combined in these indicators that way so comparative analysis of waves can not be done. Many have a wrong idea is that if prices move fast (they call it strong momentum) it means motive strength. It neither confirms strength nor denies it. Time, price & volume are used together to properly understand the order flow strength, in a way explained before.
Education
1
'SANTA' of the 'TRADERS' !!!This publication is dedicated to thanking the 'Santa' of the ‘Traders’ i.e. the 'Stock Market'. The lessons given to us as a gift of the market, not only help us to succeed in the stock market but also helps us throughout life. This 25th December i.e. Christmas let’s thank our 'Santa' and have a detailed look at 5 Great Gifts of the Stock Market and thank her for these life-awakening gifts. -> Discipline: The most important teaching in markets is discipline. As the wording of Jim Rohn states “Discipline is the bridge between goals and accomplishment” stock market develops that bridge. The market has its way of teaching and punishing, I think all of us had witnessed its punishment whether in form of not keeping stop loss or not following your trade system. Discipline plays a vital role in an individual’s life. As said by Horace “Rule your mind or it will rule you. ”The disciplined person has the power to rule his mind whereas others lack this ability. -> Patience: Another gem cultivated by markets in our personality and harvested by us throughout life. One of the familiar names of our school time Benjamin Franklin says “He that can have patience can have what he will.” market first teaches this gem to us and then offer us what we wish. We all have at least once missed taking the real profit by not waiting till the target is achieved but leaving the trade in midway though it was moving in our direction the reason is we lack patience and the market gives profit only to eligible ones so, either you be eligible or market will make you fit for it by its way. -> Ability to conquer 3 gateways of hell: According to ‘The Bible’ there are 12 gateways to hell and among them, the most dangerous are Lust, Greed, and Anger. The market helps its students in conquering those strong emotions. The beginner in the stock market has a strong lust for making money very quickly and greed for making lots of money without that kind of effort and when he fails in his motive anger gets born in his personality from where degradation or hell starts. Those few people who still have not left the hands of the market get the knowledge to conquer those emotions throughout their journey in markets. -> Faith in yourself: One of the famous quotes by Ralph Waldo Emerson is “The best lightning rod for your protection is your spine.” market strengthen that spine so that we as its student can withstand any kind of storm in our life. Taking any trade based on your analysis requires self-belief on the early days people hesitate but later they rely on their analysis because the market has taught them self-belief. -> Crush your arrogance: Market is popular in crushing the arrogant guy along with this removing any trace of arrogance in his personality. The famous wording says “Close some doors today. Not because of pride, incapacity, or arrogance, but simply because they lead you nowhere.” market as a kind teacher keep a keen eye on her student for arrogance as she knows that as soon as arrogance arises person starts his fall. All of us had witnessed that whenever we start thinking that we have mastered markets and try to neglect discipline market slaps us badly to awaken us that we are still newbies and still had to learn a lot. I believe these 5 are the most valuable gifts of the market but if you have any gift of the market much valuable in your life please mention it in the comments. Finally, Merry Christmas to all my trader mates. The stock market gives success only to eligible ones so, either you be eligible or the market will make you fit for it in its own way.
Education
END Procrastination Today with 7 TipsOne of the biggest issue a trader has is none other than procrastination. • They doubt their trades – so they don’t take them. • They skip a trading day – so they miss opportunities. • They don’t monitor their results on a weekly or bi-monthly basis- so they can’ track their performance. Initially, I thought it was because of a lack of confidence. But to be honest, I think it’s something a lot more transparent. LIFE! You have a life to live, income to earn, food to put on the table, things to do with your family and loved ones and the general duties of life. So it’s all down to priorities at the end of the day. Because my life has been dedicated to trading since 2003, it’s why I don’t procrastinate – take a day off or anything of the sorts. So I’m going to give you some pointers on how to stop procrastination or at least reduce it… TIP #1: CHOOSE YOUR TRADING DAYS If you really don’t have the energy (not the time, everyone has time), then just choose two or three days to trade. And find the best time to locate to your trading. Maybe it’s first thing in the morning when you’re having coffee or breakfast. Maybe it’s when you come home after work and before you get onto the social media world. Maybe it’s an hour before bed or Netflix. Adopt it into your life in a way that it is comfortable and manageable for the future. TIP #2: SET SMALLER TASKS Break larger tasks into smaller, more manageable chunks. This will make it easier to start working on a task and to make progress. Instead of looking at EVERY market in one day, to drive you crazy. Choose a sector market and only focus on that watchlist… E.g. Local stocks one day, Forex another day and international markets another day. TIP #3: TRACK RESULTS ON A SPECIFIC DAY Choose a day in the week, where you’ll jot in your trades that you added, adjusted or closed. Create a schedule and stick to it. Having a structured plan can help you stay on track and avoid getting side-tracked by less important tasks. TIP #4: SET A TIMER If you have only 1 hour to trade, set the timer. You’ll find with a timer, you’ll be more focused determined and less distracted with anything else. TIP #5: REMOVE DISTRACTIONS Stop the distractions from your workspace. This may include turning off notifications on your phone or computer, finding a quiet place to work, or using noise-cancelling headphones. TIP #6: SELF-TALK YOURSELF Use positive self-talk to motivate yourself to do it. Psychology is an important element to your trading. Instead of telling yourself that you can't do something or that it will be too hard, try telling yourself that you are capable and that you can do it. TIP #7: REWARD YOURSELF Reward yourself for making progress of following with your trading actions. This could be as simple as taking a short break or treat yourself to something you enjoy. These are just a few ideas on how you can end your procrastination from your trading endeavours… There will be no change in your life without action, so always keep the prize in mind and you should have all the determination in the world to GO FOR IT. If you enjoyed this feel free to LIKE and follow for more daily tips. Trade well, live free. Timon MATI Trader
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🔥✅HOW TO GET 70% WIN RATE USING VOLUME PROFILE🔥 Hi friends! Today we will talk about a very important trading tool that can give you 70% win rate if you will know how to use it as a pro trader. This tool is a volume profile. 📊 WHAT IS THE VOLUME PROFILE? The volume profile is a real traded volume. Unlike the usual vertical volumes that show the amount of volume traded over a certain amount of time, the horizontal volume shows the volume traded over a certain price range. The volume profile has 2 components:
 🔥 value area (yellow areas), which is the biggest resistance/support for the price. There can be several value areas, but the largest value areas called HVN or High Volume Nodes. 🔥 liquidity gap (white area) is the area where the least volume is traded. Usually, the price "cuts" through these areas very quickly. 📊 HOW TO USE THE VOLUME PROFILE? I want to show you how it works. If we want to understand the next price movement, we should identify the biggest value areas. So you see the most significant liquidity (value) areas and wait when the price tests it: 1. if the price breaks the value area and tests it as support , you can enter a trade because bulls are strong and the price should go higher. 🚩 The clear trade example on how to use HVN (value area) as support (+20% of clear move). 2. if the price test it as resistance , this means that bears are stronger and bulls haven`t enough power to push the price higher. 🚩 The clear trade example on how to use HVN (value area) as resistance (+26% of clear move). So the value areas or HVN are a stop on the way of price movement in one direction or another. The better you determine where the price will go after testing this HVN (value area), the more profitable you will be. 🚩 If you use this approach on lower timeframes, you can get more trades. This is ideal if you are an intraday or swing trader. Try using horizontal volumes yourself, and in the following ideas, I will tell you how I and other advanced traders use them. ✅ So this approach has 50-70% win rate, but if you want to increase it, you need to use additional filters. Personally, I use the DOM and Footprint to identify the whales' orders and buy crypto with the big guys. These indicators can easily add 25-35% to your win rate. I make a lot of video lessons and articles about them, so enjoy and make money. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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How To Read Structure (Charts) Tutorial. Charts 1-5By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next! Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is definitely a skill that will dramatically help you on your journey to becoming a professional trader. I tried to make this as clear & simple as possible for anyone to understand but do not worry if this is complicated or a little confusing at first. If you are new to trading, you will benefit by studying and looking over these charts multiple times. I have found that it is also helpful if you grab a piece of paper and a pencil so you can draw the chart that you are looking at. Draw a very simple line chart and mark the highs & lows as shown in the tutorial with support & resistance lines.. You will learn much faster by doing this while training your eyes to identify trends & reversals. After you do this enough, it will start to become 2nd nature & you will spot these crucial moments in structure with a quick glance at the charts. This is the first section of the Reading Structure Tutorial. This section will consist of 6 Charts total: Chart 1- An Easy and effective way to determine trend. Chart 2- Following The Trend with Support & Resistance (Highs & Lows) Chart 3- Continuation of Chart 2 Chart 4- Identifying Possible Trend Reversals Chart 5 - When Structure Doesn't Make Sense, Do Not Trade! Chart 6- Another Reversal I have put a lot of time & effort into this tutorial so feel free to ask any questions you may have.. I will be publishing section 2 of the "How To Read Structure" tutorial next week. Please leave a comment below or message me with your thoughts regarding this lesson. I am happy to continue publishing them if they are helpful to you. We are going to scroll through this chart & follow structure. This is a 60 Minute Chart of GBP-USD. Chart 1 Chart 2, In this Chart we are going to look at the highs & lows shown on Chart 1. Chart 2 Continued, (Continuation of Chart 2.) Chart 3, Identifying Possible Trend Reversals. Chart 4, In depth Analysis of Chart 3. Chart 5, Another Example of a trend reversal Section 2 of "How To Read Structure" will be published next week & I will be sure to update this tutorial with the new charts as well as publish a separate idea. Take your time & really study these charts. There is a ton of valuable information in this tutorial & by the time you get through all the sections, you will have a much easier time reading structure. Please be sure to give this tutorial a thumbs up if it was helpful & you would like me to continue posting them. Thanks Traders & I hope you enjoyed the 1st section of this tutorial!
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ELLIOTT WAVES CHEAT SHEET 🏄‍♂️ 10 RulesHello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
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Make profitable trading decisionsHi Fellow Traders The greatest tool in your arsenal is your Risk/ Reward rules when evaluating the potential expencency and outcome of each scenario. By using this to protect your account it may help you to survive long enough to be profitable. Risk/ reward is quite simple. If I risk $1 on a trade, I need to make on average $1.50 to be profitable. In other words, my risk is 1 and my reward 1.5, therefore it is a 1:1.5 risk/ reward ratio, which is acceptable to potentially enter a trade if it meets your criteria. You want to try an average between 1:1.3 and 1:1.7 when looking for trade opportunities. The Risk/ reward tool on Tradeview is excellent for evaluating and getting a proper picture of the potential upside and downside before making a decision. I hope you enjoy the video and that I have been able to contribute to your potential success as a trader. Please feel free to comment and reach out if you help. Regards Wayne_G
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Bitcoin Analysis 24.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
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P2P CHP 1. - Markert Structure Hello everyone and welcome back to another P2P tutorial. In today's lesson I'm doing a quick review over market structure. Some things to look for in this video will be: 1. Uptrends - Downtrends - Consolidation * Higher highs & Lower lows 2. Areas of support and resistance * Where is price having trouble passing through 3. POI (Point of Interest) * Areas where price has a lot of interactions aka price actions 4. Wicks - Imbalances * Quick movements in price position, only to return to the same area 5. BOS (Break of Structure) * Price breaks above/below known areas of support or resistance 6. Highs & Lows * Areas where price was at its highest or lowest points 7. Time Frames * Understand structure on the time frame your trading 8. Who's In Control? * Identify areas where bulls are strong or where bears are strong 9. Forming The Trade Sauce (Trade Idea) * Using the applied knowledge to form potential high probability trades Feel free to reach out or leave a comment in the comment section if you have any questions or concerns! DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.*** Thanks for tuning in and make sure you subscribe to the page, we have a lot in store for 2023, can't wait to see everyone winning!
USDJPY | Perspective for the new week | follow-up detailsDespite missing out on the initial bearish move on Tuesday, we were still able to close the week on a profitable note with about 700 pips in total (see link below for reference purposes). The outcome from last week indicates that the U.S. dollar continues to plunge hereby handing back some of the previous session’s gains as participants attempt to gauge the Federal Reserve’s likely tightening path in the new year. And with BoJ's governor's speech coming up early in the new week, there might be fresh hopes for the US Dollar. In this video, we identified the 131.000 level as a critical point that has a memory for buying power. So, in the new week, we shall be using this zone as a yardstick for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
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