Trend-analysis — Trading Ideas on TradingView

✨ P2P INDi [PRO] ✨ TUTORIAL ✨1. Go to the 1D time frame 2. Open chart drop down menu and select Point and Figure* *Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above 3. Click on the SETTINGS wheel on the P2P INDi 4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS 5. Click the INPUT tab 5. PIVOT PRICES (a) Identify price(s) nearest the Pivot High (PH) and the Pivot Low (PL) (b) Place those coordinates in the corresponding input box (c) Click OK (at the bottom right) 6. On the Tool Panel (to the left), identify Magnet Mode and turn it on (weak or strong) 7. PIVOT PLACEMENT (a) Drag the Pivot High line of P2P INDi and snap it on the corresponding X (b) Do the same for the Pivot Low line and snap it on the corresponding O 8. ANNOTATING TREND (a) Identify the trend shown on the Heads Up Display (top right-hand corner) (b) If the DOWNTREND (red) is displayed, remove all three Buy Order TPs (c) If the UPTREND (green) is displayed, remove all three Sell Order TPs 9. SET YOUR POSITIONS (a) Place Buy and/or Sell Orders at 2%-3% or less of your Net Asset Value (NAV) (b) If shaving, take 25% profit at the first two Take Profit (TP) prices. (c) Stop Losses should be equal to or beyond the PH and PL lines (d) If stop loss is greater than your risk tolerance: — lower your position size or — tighten your stop loss by bringing it closer to your entry DISCLAIMER: Please notice that we do not provide financial advice — our website, indicators, strategies, signals, and mentorship courses are all intended only to provide a community of support to anyone interested in improving their trading skills. Fx'tive HNW $olutions, Inc. is a California corporation that publishes products and services for developing trading indicators and strategies on demand, renting and selling proprietary indicators and systems, training, and coaching exclusively intended for Daily₿read Subscribers ONLY. 1. INTELLECTUAL PROPERTY The proprietary indicators, strategies, and content developed by the T.E.A.M. (FRIDAY, P2P INDi, P2P INDi, TEMASHA, The Library, Specialty Lesson, and other utility scripts or educational information), the object of intellectual property rights are and remain the exclusive property of Fx'tive HNW $olutions, Inc., at the exclusion of images and videos and texts free of rights or provided by Fx'tive HNW $olutions, Inc. or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification, or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of Fx'tive HNW $olutions, Inc. 2. RESPONSIBILITIES You declare to know the principles and risks of the financial markets. Therefore, you swear that you know the financial risks involved in trading. In this sense, the directors, employees, stakeholders, and partners of Fx'tive HNW $olutions, Inc. can not be held responsible for errors, omissions, inappropriate investments, technical problems, events beyond our control, and, more generally, financial losses that you may realize, or results obtained in the practice of trading resulting from the services or products it markets. 3. RISK WARNING Trading involves a high level of financial risk and may not be appropriate because you may experience losses greater than your deposit. In addition, leverage can be against you. Do not trade with capital that you can not afford to lose. You must know and understand all the risks associated with the market and trading. We can not be held responsible for any loss you incur.

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How To Read a Chart Part III - Perspectives on Trends Dow - Elliott - Murphy Introduction As I am going deeper into the subject of reading a chart, we definitely need to cover trends. As the saying goes: “the trend is your friend”. But where does it start and where does it end? In the following article I’m going to cover basic principles in use for more than a century. Furthermore, the Dow theory is still in use by prop trading companies, hedge funds and banks. And the reason is quite simple: trade what you see. A. Charles Dow and the Dow theory Not being the first nor the last, one of the most popular perspectives on markets and the basis of all technical analysis is reaching back to Charles Dow in the late 19th century. Dow set up some simple rules to analyze markets and to follow trends. First and foremost, the overall market discounts everything, which means that all available information is to be found within price. Additionally, the market renews itself within cycles, which is also the reason why the indices are always in a long bias, because the weakest companies get replaced by new strong and upcoming businesses. The market is, like the capitalist economy in general, moving in progression and regression. While old ideas - and therefore businesses and their models - are fading out, new ideas entering the circle of evolution. (If you want to know more about the psychological background, from a sociological background, check Max Weber’s The Protestant Ethic and the Spirit of Capitalism at shorturl.at or Franz Boas’ The social organization and the secret societies of the Kwakiutl Indians regarding the need of the renewing of economic cycles from a cultural point of view at shorturl.at). Secondly, as stated, the market is built from two basic patterns - movement and correction. These patterns are expressed in a primary, secondary and tertiary trends, as plotted in the title image. So we have to state that a trend is only existent if there is a move and a regression and a move exceeding the first top. Everything else remains interpretative! Let’s have a quick look at a chart. Above you’re seeing the BTCUSD from end 2019 ‘till mid 2020 on Bitfinance. In gray I’ve plotted moves that aren’t trends at all. I hereby repeat the obvious reason why:: a trend needs at least a higher high or a lower low from any starting point. But what’s within the plot above is just one high one low and something that might be called sideways. The first time in this very long time period we’re having something that might be called a trend I’ve plotted in green, as you’re seeing below, even if it is not a “beauty”, neither close to perfect. So let’s scale into the hourly and take a closer look. I’ve set up the chart to close - which was one of Dow’s most sacred rules - and plotted the secondary downward trend in dotted red. This trend has shown signs to come to an end when a higher low has been made. But at this point the downward trend was still valid, even when the black line had been crossed. Why? There are two rules for continuation and reversal: In the case of a downtrend the latest high and the latest low are still valid, until they are confirmed by a new lower low OR the reversing trend has not only been broken (which is called a failure swing), but the new trend size is similar to the previous (non failure swing). The second case happened at point (3) and was confirmed at point (4) and (5) continuing higher (green dashed line). I’ve also plotted a tertiary trend - red for down and green for up - in the following picture. This trend is also visible in the hourly chart and might be easier to visualize in the 10- or 15-minute chart. Also the fragility of the lower trend is visible. There are even more trends inside those three, but the smaller the trend the noisier the single moves and the more fractures are evident. Overall, a trending push should be short in time, a regressive one long in time; a strong move might only be corrected by 33%, a mediocre one by 50% and a weak one by 66%, as a rule of thumb. As another general rule, Charles Dow has been looking at different composite indices, and he discovered through close and steady observation, that one index ought to confirm the other; if not, there might be something “wrong” in the overall market conditions. The context of intermarket analysis was born. B. Ralph N. Elliott and the Elliott Wave theory Based on the Dow theory and the beautiful recurring cycles of growth in nature also known as Fibonacci numbers, Elliott came up with his theory of motive and corrective waves and their measurability, taking the Dow theory a step further and implementing a psychological approach. What does this mean? Elliott supposed that - generally speaking - the beginning of a trend is not only marked by significant volume and rapid moves but also with heavy and steep corrections. And the reason is blatantly logical: As many traders are not yet convinced of a turn, they still sell or buy in direction of the previous one.Therefor, the so-called wave 1 is often corrected to a high degree or formed by widely overlapping price ranges (leading diagonal) as the overall market conditions are not clear yet. But when it is becoming obvious that the previous trend might have come to an end, new money is floating in and traders are jumping on board to profit from the new cycle. The hesitant and slow building up in volume and price movement is unleashing itself in an explosion. That’s why wave 3 and wave C are mostly longer than wave 1 and often indicated by unclosed gaps confirming trend strength as traders are jumping on the ongoing new trend. As most traders are already positioned and new money doesn’t float in at the same pace, positions get slowly liquidated and the last traders, who are not positioned yet and are hoping for a late move and easy profits, are stepping in but fail to push strong enough. Consequently, wave 5 is usually shorter than wave 3, less impulsive, failing to make new highs or formed by overlapping prices (ending diagonal). Again, we’re able to see this in any timeframe or any trend size, like on this 2 hour chart of USD/JPY below. There are a bunch of rules, f.e. motive waves have to consist of 5 and corrective waves of 3 subsequent waves, but there are many, many more. Especially in Neo-Wave, the RSI is used to confirm the strength of a move. If you want to know more about this very specific subject, you may want to check out this very lovely made Elliott wave cheat sheet by @ArShevelev : I’d like to add something that is ALWAYS missing in cheat sheets and overlooked by Elliott Wave analysts: The rules regarding price ranges are also to be taken into account for time ranges. The picture only unfolds itself if time and price and volume are analyzed to find opportunities, as Dow also took into account. And even adding up to that, I’d like to quote an ingenious Elliott friend of mine: “If you are asking 10 different Elliott Wave specialists you’ll get at least 9 different analyses.” And this is not the only obstacle in using Elliott Wave analysis. C. John Murphy and technical analysis As Elliott before him, Murphy added his very own personal perspective on the Dow theory. He expanded the approach of index confirmation to a whole intermarket analysis, using volume and plotting trend lines to indicate trend strength. Exaggerated in the picture I’d just like to show - and here you should bear in mind that you can’t look into the future - that I don’t suggest trading trend lines. Which one would trade? Which one should you have taken? Are the other traders drawing the same trend lines or do they plot differently, maybe also due to different prices as in all markets usual, not only in ForEx, but especially in DEX, and also in stock markets, as I’ve covered in the previous chapter. Have you already been stopped out or are you still waiting for your entry for weeks, months or years? As you may be successful trading trend lines, you still need to consider that those are very very subjective. You need to ask yourself this: Who is having the same analysis as I do? Maybe someone is looking at a different data feed as I’ve already mentioned, maybe someone else is looking at close only, maybe using Heiken Ashi, maybe, maybe, maybe. There are too many ifs and whens for my personal cup of trading. If you like to get detailed information about Murphy’s approach, you can get his book here: amzn.to At this point I wanted to quote something as “Trade what you see.” from Edwin Lefèvre’s tremendously entertaining book Reminiscence of a stock operator, but as I’ve started this article weeks ago, I forgot which phrase it was. Still you should read or listen to it (open.spotify.com) In either way, all technical analysis is based on the same principle: higher prices, higher highs, higher interest, higher volume or vice versa. Don’t overcomplicate it, whatever your strategy might be and don't forget to take time into account, to estimate the proper trend sizes. ___ Note: As I’m writing a book about reading a chart, I am going to post a couple of short articles on this topic and others related to it, e.g. trend, volume , Dow theory, auction theory and behaviorism. If you are spotting some errors or if you like to add something, feel free to comment or pm. Cheers, Constantine - p.s.: This article is not intended as any kind of trading advice. Thanks to all for reading and I hope it will help you in your analysis and your trading career. Thank you all for the interest in my book and to answer your questions: there is no release date yet as it is still a work in progress and it will be an educational novel. Cheers, Constantine -

How to read a Chart - Part II: Perspectives on Price I What to look for Introduction As my previous post made unexpected waves within the community, I suppose you might be disappointed by this one, but you should still take your time reading this article and take some time thinking about it. Moreover, you might wonder, why the first article has been about volume instead of price or the chart itself and now it seems like we’re taking a step back. To come straight to the point, volume is playing a decisive role in the feasibility of reading a chart. Price is secondary, hence it is more important to know how price and therefore structure is built by trading activity. The Cute and the Ugly I During my trading education at a hedge fund, we held daily sessions to present trading ideas and charts. The aim was simple: taking screen time, understanding price (action) and getting used to what to look for from a blatant technical perspective. Only when we found what we were looking for, we dove into further research (which will not be covered in this article). By looking at the hourly and daily chart of the Zoom Inc. I am exemplifying “beauty” and “readability” by comparing the data feeds of two stock exchanges: the Bolsa Mexicana de Valores (BMV) and the Chicago Board Options Exchange (BZX, former BATS). As the dailies might only differ slightly, there are quite a few visible fissures. Those are getting even more evident if viewed on a lower time frame like the hourly. The chart from the BMV stock exchange is riddled, perforated, and a riddle per se consisting of gaps, flat and overly large candles than on anything providing clear and straightforward information. Long story short, you should always use the data from the stock exchange with the most traded volume, in general - not always - this ought to be the main stock exchange of the company’s country. For assets like commodities, ForEx and similar, you should look at the futures’ charts whenever possible, even - or especially - if you’re trading CFDs. The Cute and the Ugly II So now that you know which stock exchange to use the data from, how to choose a stock on a mere glance, rapidly, hundreds of stocks a day by manual screening? To point this out, we’re having a look at the chart of the GameStop Corp. Even though this stock was on everybody’s lips, the wicks and tails, the gaps, the (non-)existing patterns and the price action having formed this asset into a biest; no hedge fund, no prop trading company neither a bank would take the risk on picking up positions, at least not on a short or mid term basis, not based on technical analysis. In contrast to this, liquidity - and thus volume - is playing a key role in building price and structure and consequent to this enhancing readability as you’re seeing in the chart of Crude Oil futures below. What we've found Now, you should slowly be able to see a chart and the price through the eyes of big investor, although you aren't one. Big companies are not taking bets, not trading pink sheets for half a quarter cent; they are stacking the odds in their favor by trying to avoid the unpredictable. After reading this article, what would you prefer? Making a small amount on a day-to-day basis or waiting years after years for the one chance to be rich in one shot? As a colleague of mine once stated: As traders, we're positioning ourselves to make money continuously to then catch a bigger move. ___ Note: As I’m writing a book about reading a chart, I am going to post a couple of short articles on this topic and others related to it, e.g. trend, volume, Dow theory, auction theory and behaviorism. If you are spotting some errors or if you like to add something, feel free to comment or pm. Cheers, Constantine - p.s.: This article is not intended as any kind of trading advice. I didn’t expect that my previous article made that much waves. Thanks to all for reading and I hope it will help you in your analysis and your trading career. Thank you all for the interest in my book and to answer your questions: there is no release date yet as it is still a work in progress and it will be an educational novel.

HOW to indentify a TREND! MUST see for beginners! #EZ-learning Hey tradomaniacs and becoming traders, I love sharing my knowledge and wanna help everyone who is interested and trading. :-) Check this "journal" and start to understand the market. Most of us know how a trend works. BUT NOT WHY! I hope this will help you out to understand and improves your abillity to indentify Trends. Peace and happy learning Irasor Trading2ez - Wanna see more? Don`t forget to follow me! - Any questions? Wanna more stuff PM me!