In this Tradingview basics video I'm going to show you how to add drawings to your chart using the options available on the left-side rail.
We'll look at not only what the options are, but the benefits of using "stay in drawing mode" as well as how labeling specific tools as "favorites" can save you time when marking up the charts.
If you have any question,...
Hey folks! My friends ask me how to work with support and resistance zones. And I decided to write a few articles about it. It is the first part of the post about that theme.
One of the most important knowledge I use is identifying support and resistance levels. These zones on a chart give me a clear edge in developing a winning trading strategy.
Crypto...
What a week! Westy and Blake take you through all the market events and macro factors you need to have on your radar (risk, ECB & BOJ, FOMC & China), look at some juicy charts (EURAUD, EURJPY, Crude & MSFT) and actionable trade ideas (Nat Gas and EURUSD).
EUR/USD Short
• If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/CAD Short
• If price pushes up to and...
Navigating the Financial Landscape: Investing vs. Speculating for Smart Financial Growth
In the intricate world of stock trading, distinguishing between an investor and a speculator is vital, despite their mutual interest in market analysis. Each follows distinct approaches and objectives, and understanding these differences is paramount before venturing into...
In this post we will analyze the Price Action engulfing pattern, one of the main candlestick patterns, which traders appreciate for its reliability and high percentage of success rate. Confirmed by other factors (key levels, indicator signals, fundamental preconditions), the engulfing pattern can become an effective tool for gaining profit.
✴️ What Does This...
NASDAQ:MSFT & NASDAQ:GOOG reported earnings after the market close today, but there isn't much that most stock or options traders can do about it until the market reopens tomorrow morning.
However, the futures markets, specifically the Micro Nasdaq Futures ( CME_MINI:MNQ1! ), provide opportunities to participate in earnings directional movement hours before...
A brief tutorial on how to build out a custom chart here on Tradingview.
In this video we'll take a look at changing your theme, customizing your background & candlesticks along with adding relevant information & removing what's not needed from your trading chart.
If you have any questions or comments about anything mentioned in the video please feel free to...
CME: Micro Nasdaq 100 Futures ( CME_MINI:MNQ1! ), E-Mini S&P Technology Select Sector Futures ( CME_MINI:XAK1! )
The Nasdaq 100 index tracks the 100 largest non-financial stocks listed on the Nasdaq stock exchange. Since its inception over 38 years ago, it has become the world’s preeminent large-cap growth index.
So far in 2023, Nasdaq 100 has surged 42%, far...
No amount of math, TA or fundamental analysis is sufficient in the world of the market. No matter how much effort, time and energy you put into analyzing charts, doing calculations and reading SEC filings, you are bound to stop out. And unfortunately, if you are a day trader, this can compound pretty quickly in an off-week where the market decides to behave……...
📉AUDNZD SELL 📉
💰Take Profit 1 - 1.0832
💰Take Profit 2 - 1.0782
💰Take Profit 3 - 1.0732
❌ Stop loss - 1.1012
Here is my analysis of AUDNZD:
The AUDNZD pair has been in a bearish trend for the past few weeks, and it is currently trading near the bottom of its range. The current spot rate is 1.0912, and a sell entry point of 1.0912 is just above the recent low of...
CME: SOFR ( CME:SR31! )
On June 30th, SEC Chairman Gary Gensler posted a 3-minute short video on Twitter. In this educational piece titled RIP LIBOR, he explains what the London Interbank Offered Rate (LIBOR) is, and why its passing away is actually a good thing for consumers.
As CFTC Chairman in 2009-2014 and SEC Chairman since 2021, Mr. Gensler oversaw the...
In the recently released Q2 2023 earnings report, Tesla Inc. presented a record quarter on multiple fronts, showcasing its resilience and innovation in a challenging macroeconomic environment. The electric vehicle and clean energy company reported a 9.6% operating margin, GAAP operating income of $2.4 billion, GAAP net income of $2.7 billion, and non-GAAP net...
Hey traders,
In the today's article, we will discuss 3 types of incredibly accurate setups that you can apply for trading financial markets.
1. Trend Line Breakout and Retest
The first setup is a classic trend line breakout.
Please, note that such a setup will be accurate if the trend line is based on at least 3 consequent bullish or bearish moves.
If the...
The strength of a trend can be a key factor in predicting future price movements. This post will specifically cover how to identify trends, how to determine trend strength, and how to use it to your advantage when trading the markets.
Characteristics of a Trending Market
To begin, let us understand how to identify a trending market.
A trending market is a...
Breakout trading is a popular strategy among traders seeking to capitalize on significant price moves that occur when the price breaks out of a well-defined range. It involves identifying key levels of support and resistance and entering trades when the price breaks above resistance or below support. By catching these breakout movements early, traders aim to...
Macro Monday
SPDR Home builders ETF (XHB)
This equal weighted index tracks 35 holdings of the homebuilders segment of the S&P Total Market Index (TMI) and is spread across large, mid and small cap stocks.
These comprise of the Homebuilding sub-industry, and may include exposure to the Building Products, Home Furnishings, Home Improvement Retail, Home furnishing...
