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Dissecting SPY Price trends With Fibonacci Price TheoryHave you ever wanted to learn the one technique you can use on any chart, any interval, or any technical or price set up to help you become a better trader? Let me show you the basics of Fibonacci Price Theory and how to use it. Price is always seeking new highs or new lows - ALWAYS. You'll hear others talking about price filling voids or moving through accumulation/distribution phases - which is all true. Price moves through these support/resistance levels or quickly through price voids to reach new highs or lows. This is all part of Fibonacci Price Theory. When you learn to understand various intervals using this technique (Weekly, Daily, 30 Min, or others), you'll quickly be able to identify short-term, long-term, and intra-day trends like a pro. It is not about catching every trend reversal/setup. This technique is about teaching you to stay on the right side of trend and to target the Sweet Spot in the middle of breakaway/breakdown trends. Follow my research. Learn how I can help you become a better trader.
FX:SPX500Education
by BradMatheny
🥶 FACT: Most traders quit year one. Hmm, but why? 🤔You all heard the statistic, "gambling is more profitable than trading - 13 out of 100 gamblers leave the casino with gains compared to 1 out of 100 traders". Yeah yeah. Nice story. Now tell us the real story. The market is not a casino. Don't compare. What about the thousands of traders making consistent gains? It's a FACT that most traders quit their trading "hobby" or "career" within their first year of trading. But what's ALSO a FACT is most traders: Don't take profits when they see them (keep holding for more). Go too heavy on a single trade. Go all in on a single trade. HODL for glory, even when they're super green on a trade. Are too bullish/ bearish and turn a blind eye to the other bias. Are over-speculating all the time (i.e. " NASDAQ:AMD 120 tomorrow. All in calls" Trade without a chart. Have no risk management. Don't follow their own rules. Have no trading strategy. One cannot state the first "fact" without stating the other; the real reason. Otherwise, that's a shallow statistic. That's like looking at a 15 min chart and not realizing that each candle is constructed of 1,000+ mini candles. Here's a 15 min NASDAQ:AMZN chart: Here's the same chart in 15 second candles: Zooming in to the chart gives you a clearer picture. Digging deep into the "quitting" traders' psychology, you'll get the answer. Also, I wouldn't say they quit. It's possible that the energy they were putting in wasn't paying off, and they didn't want to waste their time any further. Treat your trading like a job. Be strict. You see quick +20% profit? Take it. But you believe it's going higher? Still take it. Find another trade. Baby gains add up! Most traders who got burned on NYSE:AMC NYSE:GME , kept HODLing. This is coming from someone who bought NYSE:AMC at $2.13 pre-split in 2021 and sold around $25 and $70: ACHIEVING SUPER GAINS WILL RUIN YOUR MENTALITY! You will start treating the market like a casino. You will stop appreciating the smaller 20 to 40% gainers that you can do once per day or week. You will see yourself starting to go heavy because you "believe" that "this is the next banger". To avoid all this headache, build a strategy slowly over time, use the right tools to plan your trade, find a community to trade with, use proven strategies (i.e. support/ res, supply/ demand, patterns), go light in your first 1,000 trades, and so on. Happy to help if you have any questions below. Follow for more insight and for live trade swing & day-trade ideas! Good luck trading! Trade safe and don't go all in. Baby gains add up.
CME_MINI:ES1!Education
by kingdips
1
Fixed Range Volume Profile, How do I use it?I can say that Fixed Range Volume Profile is strong tool to determine targets and stop loss, POC point of control as per my research represent a central price and bar close price is turning around it, so when you assign take profit and stop loss as per it, you reduce the risk and have a plan B to manage your trade. as you see in above chart for BTCUSD, we have trend line on daily time frame, I cut the chart to 3 successive zones representing 3 cycle, 1 cycle is from the trend to trend and applied "Fixed Range Volume Profile" on all 3 ranges/cycles, last cycle has not finished yet, and I show POC1, POC2 and POC3 prices. I consider this line as central price for a range and we can see how price keep moving above and down POC1 & POC2 prices. for the last range/cycle (not completed yet because it has not reach the uptrend line yet, we see POC3 = $30,200 and the current price $29,590 so price is under POC3 and we can guess it is going to trend at approximately $27,750, this is 1st hint. 2nd hint is to take "Fixed Range Volume Profile" for the all uptrend, did you notice it? I think the price is going to POC(all range) = $28,300 (support) Now we came to the best part of our subject, the what if question and how to set up a plan?: what is stop loss? we need a 1H bar close above POC3= $30,200+100= $30,300 (resistant) and we buy target $31,380 (you should know why!) and for stop loss, we need close price 1H again down $30,200 what is take profit? we can set $28,300 for safe and $27,750 if you want to risk a little bit, this is first target, but what if bar 4h close down POC= $28,300? here we can set a 2nd take profit at $26,400 (you should know why!) this is what I wanted to share with you and I will be glad to answer your questions. I did go short for BTCUSD this morning, enter price $29,165 and I set a take profit at $29,322 because I am working on 15 min timeframe.
INDEX:BTCUSDEducation
by Eymen-GUVEN
2
ES - S&P Example Of Multiple Reactions Off Of A ActionSo, here comes a little lessen, that could have a huge impact on your Trading. Many of you know that in my arsenal of tools I use the Medianline/Pitchfork tool very often. It's my best tool to project the path of price, find extremes and centers in the markets. One day, I was stepping back in the world of Action/Reaction and started to research on the wisdom of Dr. Allan Andrews and Babson. I modified their Action/Reaction model in a new way. Here's what I have found so far: 1. Identify the correct "last" Pivot (Anker 1). 2. Identify the last Low (Anker 3). 3. Wait, until Anker Pivot 1 is broken, and the market did a pullback (Anker Pivot 2). If you're at point 3., this means that price already shoot up again above the Anker Pivot 1, and preferable even higher as the last Pivot above Anker Pivot 1. From now on, you can observe, how price is behaving at the Reaction lines (Yellow R's). How to trade it, use it? Well, that's upon yourself. Or, you may wait for a course I'm maybe planning. But I highly recommend you study it and make your hands dirty §8-) Happy Trading
CME_MINI:ES1!
by HowToChart
12
A BASIC ENTRYThis right here is my favorite type of entry where you can basically see a nice bottom and re-test from the pullback before so in my eyes coming back down to this price too fill in the gaps is a MUST PAY ATTENTION type of trade... too me this is a continuation of price action. NOW! don't just get to your desired price and throw a market order in just because it's there? Wait for some big volume to come through, wait for the next pullback... Getting too the price is one thing... but knowing what to do next is the ball game. I mean if I can get the price too come down far enough that i can set my SL behind a bunch of big 4HR, 1D bottoms and scale down to a lower TF too catch a clean leveraged trade. That's a strategy in itself... To add a focus on discipline, mindset, psychology, family, friends, work! an all-round lifestyle as a SOLDIER! you come to realize that trading is such a very small part of the game. Nail life first... then that simple strategy might just work.
AEducation
by RPMWealth-Capital
10 Things I Wish I Knew When Getting Started With TradingHere are ten key points I wish I knew 11 years ago 1. Position Sizing: Trade with suitable position sizes to minimize the emotional impact on decision-making. Ensure your trades are neither too small nor too large, balancing the potential for profit and the ability to make rational decisions. 2. Avoid FOMO: Don't trade based on the fear of missing out. Make informed decisions by analyzing the market and potential trades, rather than being swayed by others' excitement or panic. 3. When to Exit a Trade: Focus on trading based on technical analysis, not your profit and loss. Exit a trade when the conditions you entered the trade no longer apply. Consider using mental stops over hard stops, but only if you have enough experience. 4. Journal: Keep a detailed record of your trades to analyze and improve your performance. Track your wins, losses, and the specific conditions of each trade to identify areas that require improvement. 5. Buy High, Sell Higher: Embrace the concept of buying into strong trends for greater success. While "buy low, sell high" is a common mantra, buying into a growing trend can be a more effective strategy. 6. Different Types of Trades: Understand and become comfortable with various trade types, such as scalping, momentum trading, technical-based trades, and options trading. Each type requires different strategies and scanning techniques. 7. Resources: Choose educational resources wisely. Avoid get-rich-quick schemes and focus on informative materials that teach essential concepts like candlesticks, indicators, options, and scanner settings. Look for resources that acknowledge the difficulty of trading and offer well-rounded, sustainable strategies. 8. Stop Predicting Tops and Bottoms: Focus on following the charts and resist the urge to predict tops and bottoms. Counter-trend trading is a common reason new traders lose money. 9. You Are Not an Economist: Trade based on current market conditions, not long-term predictions. Avoid developing a market bias that could negatively impact your trades, even your day trades. 10. Don't Trade What You Don't Know: Gain sufficient knowledge before trading a particular instrument. Jumping into a trade without understanding the underlying mechanisms can lead to costly mistakes. Educate yourself before diving into new trading instruments. Yours,
BITSTAMP:BTCUSDEducation
by VectorAlgo
6
GOLD ANALYTICS Hello all i hope you've all had a wonderful trading period today, good profit encounters, blues came in strong.Hope you did enjoy... I was not able to update my previous idea coz the market was so nice for me today, today was better than yestarday,GOOD PROFITS,my weekend will be awesome. For those who managed to secure profits Congrats!for those who got their accounts ripped off i'm sorry. I'd like to share something really and seriously important with you as traders. MY SHORT STORY! I have had my ups and downs as well in trading, I remember i started trading with just $100 and it was lost within 3 days my account equity had only $0.63 left, it took me 1 full month to decide to get back to trading and it was worse coz i really wanted to make profits so i deposited another $100 and lost it again,only this time round i had some extra cash so i went ahead and deposited $150 only to notice my troubles were not over yet,so it was as well lost within à week,I never gave up so i deposited another $100 and yes i did make profits, i did get $80 extra and thought here is the green light, but sadly my account was cleared. I decided to get help so i went on Telegram had a chat with someone i never knew, he proved to be good in trading, only thing is i have to be an investor, so i invest then i share thé profits 50% with him thought it was a good deal,so he requested me to invest $300 and not a penny less, i did Thé deposit,gave him my account details and let thé guy trade for me, at first he started well he made $309 in just one day & i knew this was the guy, so we continued doing business, so my account was reading 609 that was really impressing me the second day nothing worked he lost half the profits he made,I became worried and had to ask him, but he replied with too much confidence and said "i'll tripple the amount just wait, I said okay let him do his thing and since i saw how he could do it instantly, so i knew he was going to do it, but then the unexpected happen, i receive a margin call mail, only to discover the guy was still trading when i was actually sleeping, my equity was now less than $35. Asked the guy the answer was he did a mistake and he insisted i deposit another $300 and promised he will recover all my losses, the guy had a telegran Channel so when i looked into it could see the guy making good profits for others, so I assumed his mistake and deposited more only this time round my equity didn't last even an hour, i was furious and changed my account credentials and stopped the madness. Stayed out of the market for à year, i had nothing to do with trading just leading my life as usual with a. - $1150 going everywhere with me. Then i came across a friend from the same group i was in after the year, told him of my trading journey and my friend was like " Man you need to learn what your doing before doing it " i asked him many questions but the main question was "Where should i start ? So he shared a pdf with me told me read this and understand, do not trade. So i strated reading the book about candle pattern by the name "TRADING BIBLE" this book gave me ideaz of the patterns mainly but that wasn't enough after a while he sent me another book from an online trading course that he was taking, I read the book and understood it. Décided to come revenge the market when iw as feeling confident, $300 deposit which i then lost within 2 weeks,which now was summing up my négative to -$1450, was so furious and said enough no more trading for me at all for Thé rest of my life. Talked to my friend about it and he seconded my idea, so that was it " NO MORE TRADING FOR ME!" then at least 5 months later he showed up and told me "Brother don't fight the market instead enjoy it" he gave me $100 and told me to think wisely of what i'll do with it. So i sat down wanting to deposit it and start trading again but something amazing happened instead, a link was shared with me clicked into the link and saw an online trading course which required just $150 so i said i'd rather learn before i start trading, I paid for the course but it wasnt that helpful coz the guy was just sending signals when i wasnt active in trading he also shared some patterns, a strategy which had already come across, so i had to quit and do it my way there and then i gave myself time to learn, did research got the info i needed,took my time and understood the risks, read different ideas from a lot of people, researched on youtube, google search and telegram then i came across someone else now he was my TUTOR and he showed me the way remember he didnt walk with me just pointed at the direction and about how i reach there was upto me. The guy did the most amazing job whatever i've given him is still not enough i mean nothing is enough to repay him, so after almost 8 months i was back in trading only this time round it was a new version of me, started striking the market returned my loses and got even more up untill now! What I learnt through the journey is failures lead to success, i also learnt every finish line is the begining of à new race and lastly think before you talk. NOTE : YOU WANT TO MAKE PROFITS IN TRADING THEN YOUR EQUITY MATTERS SO MUCH, so the higher your equity the better your stand, at least start with $500 & consider your Highest lot size not to exceed 0.15, secondly Consider your brokerage spreads before joining any brokers,the lower the spreads the better and lastly learn from the best. After at least 2 years of trading stress It's been 3 wonderful blue trading years for me and i see being a full time trader by end of this year! LEARN!
OANDA:XAUUSDLong
by AhmedG-o-l-dFanatic
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart Fibonacci Price Theory. The consensus of all TA is that PRICE tells us everything. Fibonacci Price Theory is the REAL DEAL. Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME Use it in conjunction with other TA/Indicators. Use it with Elliot Wave analysis. USE IT. My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention. Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you. I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video. After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals". Hope this helps.
NASDAQ:NVDAEducation
by BradMatheny
Bitcoin for the "W"Whats Up guys? I Posted an $ETH analysis a few days ago showing you why the charts are telling us that another move to $2000+ is in the cards, before the reality of a recession hits, and new lows under 1k are put in I posted it below if you want to check it out. Though its in a different Pattern than $ETH, I will show you why Bitcoin is also screaming that another pump is around the corner. During the crypto rally in July/August, Bitcoin made a choppy move up Vs. Eth's more "straight up" impulsive move. After a few weeks of downside, Bitcoin is once again sitting on that July Bottom. If you look closely, Almost every bottom pattern in financial markets resemble (variation on the theme) one of two Patterns. 1. Inverse Head and shoulders. 2. "W" Pattern. I believe we're looking at an almost complete W pattern on the 4H and Daily Time frames, in which the next move up would complete the second "leg" of the W. Seeing what you believe is A strong corrective pattern on the higher time frames is one thing, but I personally don't have conviction in a trade unless there is also confluence on the lower time frames as well. Well, Bitcoin is showing us exactly that. Since August 28th, Bitcoin has presented choppy behavior (also a strong sign of a potential bottom) while holding a 6 day low. Again, on top of the strong bottom structure (support) from July. On top of that, we re even seeing it chop down over the last 48 hours into those 6 day lows, for even more confluence. Its hard to call how high or low a particular move will go, but I think $25,000 is a conservative target for this next leg up. A few daily closes below $17,000 would invalidate the pattern and therefore the trade for me In conclusion, BTC is showing us that the downside in august was just a correction in a bear market rally, and that one more move up to $25,000 is likely before a final collapse. Ultimately, I think this bear market lasts well into next year. But there will always be Bear market Rallies. Cheers!
COINBASE:BTCUSDLong
by Brenvest
Commence The PumpHello Friends Since August 14th Eth has been moving down slowly in what I believe is a beautiful flag (or corrective channel pattern as I like to call it). These corrective channels show up across every asset on Higher and lower time frames. In fact, almost every multi year bear market correction resembles these channel like structures. From Bitcoin during the 2017 Bear Market, to AMZN during the Dot com crash, this pattern has distinct characteristics such as: 1. A quick move down with no consolidation or definitive peak formed. (Notice how on August 14th Eth Dropped after only a day and a half of consolidation). This isnt always the case in every pattern. 2. Choppy behavior 3.Usually includes one or multiple rallies between moves down (People call these bear market Rallies) 4.Usually consists of 2-4 lows formed in the channel before reversing and breaking to the upside. Now back to this current Eth corrective channel on the lower time frames that we're looking at. I believe we're at the tail end of one of these corrections I described above and 1 of 2 things happen in the near future; 1.The 2 fresh lows the channel has put in are adequate, the pattern is complete, and Eth gets sent back above $2,000. 2.Eth decides "Hey lets give these mfers some more pain" and puts in a third low in the channel around $1200-$1300, before completing the pattern and sending us back above 2k. The only reason I have so much conviction in this outcome of $2000+ eth again soon, is because I've seen these corrective channel patterns play out hundreds of times in Crypto, stocks, forex, medals, and even NFT charts...Over several years. But What would invalidate this pattern you ask? A Straight spike down from here to around $1000 would destroy the channel and invalidate the trade for me. But I would be shocked if that happened. Cheers guys, Hope this helped.
KRAKEN:ETHUSDLong
by Brenvest
10