SOS off of or IVO support. Very high volume that stops continuation of the down move. It's ideal to do what institutions are doing. Are they buying or selling? In crypto 5-10% wins on repeat is how you succeed. Buying and holding is just going to be higher risk. Anything can happen. Imagine if you made 5-10% gains 3-5 times a week. Would you be in a better...
Understanding there is no additional contextual data and just using the information that is available, which out of the two trading ranges is which? Which pattern is indicative of accumulation? Which pattern is indicative of distribution? Hint: Look at the volume activity at support and resistance. Where are the higher concentrations of supply or...
Just to convey the difference in volume between BTC and EUR. Note the uniformity of EURUSD volume and how it correlates with teh day to day session/schedule. It almost looks like trading is a 9-5 job....hmmmm Now note the volume for BTC on a day to day basis.... Which is more predictable? If you are looking to be an actual day trader, stop worrying about what...
Using volume, which wave count is potentially going to have a more bullish A or B? Why?
RSI sensitivity at 7 Instead of 70/30, levels are set at 80/20. Using RSI as an adjunct/signal tool. Note the volume anytime RSI breaks the 20 level. You can set an alert at 20/30. Whenever price breaks this level you will be alerted and there may be a potential long situation setting up. RSI can convey divergences between price and volume. Also can be used...
Find value in finding the most traded SP without having to keep changing your input, simply click the visible range volume profile Zoom out as far as you can go and start adding support lines as explained. Then zoom into a time significant to you i.e the last year or 2 and see if those support lines are still relevant! I make no apologizes for the poor audio...
This chart shows the Nasdaq-100 ETF QQQ as a weekly chart going back several years. It shows price, volume , and the newest addition to all TradingView charts... Anchored VWAP. It's been added as a drawing tool and getting started is easy: 1. Select Anchored VWAP from the drawing tools list on the chart’s left-side panel. 2. Now select a point on the chart from...
One of the hardest things to do when you're new to trading, and even when you've been in it for a while, is to figure out when to buy and when to sell to maximize profit. I'm sure there have been many times when you've sold too early, or bought in too early, and vice versa. What a waste! Now I'd be lying if I told you there is any sure way to tell the best time...
Just some more explanation on how I manage trades once they have been triggered using my Renko brick strategy ; ) Enjoy!
Downtrend RSI (10) negative divergence into resistance with supply expansion RSI 80/20 Diminished demand at test area (neckline) with supply in the background Hypothetical push through entry to initial profit area .39% Training reference/practice
One positive divergence led to lower prices (failed divergence). One positive divergence led to a trend reversal. Why?
break out of 9292.5, will we test as support?
Are institutional entities buying or selling? Are institutional entities accumulating or distributing? Target practice*
How well can you actually read a chart? What do these circled areas indicate? Hint: Answers can be found in "Master the markets" by the late Tom Williams. Target practice*
In this video, I am going to how you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video - identifying support and resistance for swing trading video. Feel free to watch below if you haven't done so: There is one key factor that I pay attention to, which is the price spread. I would...
Support and resistance are essential levels for all traders in swing trading. Before one can start placing orders on the buy/sell side, these key levels will form the battlefield for buying or selling. In the video above, I will show you how to identify the support and resistance levels for swing trading so that you can buy near the support and sell near the...