How to set the RIGHT Stop loss!Hey hey traders!!
Setting the "right" stop loss is a vital skill, yet for many traders... its a random act. This video will help you find stcutrue in setting the right stop loss, a stop loss that has the best chance of not being hit and allowing your trade to workout!
For us that comes down to basics:
1. Use the ATR value
2. Enter only via the fibs (definite entry)
and by following this process we have achieved great things so far, even increased our win ration by a solid 12% in February (since we added it)
If you have questions, feel free to ask!
All the best and good luck trading!
Oscillators
ETH update: Less bearish, still going to correctI still believe Ethereum will correct sharply for a few weeks but I reconfigured my drawings and adjusted my correction estimate.
I have a potential top at $2200
Then I have decent support/ potential bottom in the high $1400's
I now have $1280 as a potential bottom instead of $850-900
I admit it's possible I'm not bullish enough but 3-5 week price consolidations with a 40% crash are not unusual in crypto bull markets and I wouldn't panic if it happens, I would buy more.
The more you look at crypto charts from previous cycles/runs the more you slap yourself for not recognizing and trading identical pattern repetitions, so I have learned to look for history repeating.
Take Advantage of Tradingview Alerts! (TUTORIAL)Many Options are available for custom tailoring your Alerts so that you can make sure you don't miss out or loose money! Quick crash Course on how to utilize these alerts on your indicators so you can keep an upper hand as you scan the markets
OMG TA for 8th FEbruaryBull flag is forming, so if it breaks up, we can get a 30% climb. Be patient and vigilant!
Price Oscillator StrategyThe Price Oscillator uses two moving averages.
✔ One shorter-period, and one longer-period.
✔ When 2 MAs cross each other the PO reads 0.
The Price Oscillator technical indicator can show overbought and oversold areas.
Strategy:
Only go long in an uptrend.
Only go short in a downtrend
Uptrend strategy: Look for an oversold situation to open a buy position. Close when get to overbought then close some more when crossing back to the zero line.
Downtrend strategy: Look for an overbought situation to open a sell position. Close when get to oversold then close some more when crossing back to the zero line.
How To Successfully Trade The RSI IndicatorWelcome Traders!
In today's trading episode, you will learn how the RSI indicator works, and how to spot divergence. Divergence is a great indication to tell you if a trend might be reversing.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
📈 BTCUSD Long with a 10 to 1 reward over risk!Hey guys!
Been a while since we posted a trade setup here and I think there is no better time than today! We just went long BTCUSD and were expecting new a ATH!
There are many good reasons for the long, but heres a recap of them in text too:
4H
- Rejection zone / Support
- 38.2% fib of main high
- RSI low
1H
- Rejection candle
- Contraction
- RSI low
WTI & Dow Jones Shorts (pending orders for day trades)We're looking to get into short positions on WTI and US30 (down jones), our system indicates that we could see price action move lower once the levels listed (fibonacci retracement) are reached.
Trades can fail, and many times they do, so trade at your own risk, but if we could give you a tip it would be this:
Start using structured position sizing, the way we do it is expose our account at a rate of 10% per trade idea, here is what this means > if our balance is 1,000, 10% of that would be 0.10 lots, get it? Dont risk 10%, open 10% of the balance/equity and this way you can manage your risks!
Good luck!
BTCUSD Buy (to 20k) and exaclty how we enter tradesThis tutorial explains how we take trade entries, its as simple as this!
We use a complete trading system that governs every aspect of our trading, from entry to exit. We put high emphasis on position sizing and we only use the Fibonacci retracement to enter trades
Coding Indicator in Tradingview from InspirationSo today is rest and research Sunday and I wanted to share with folks how I go about creating new strategies and indicators. Hopefully this can teach traders to fish rather than giving them just the fish (of a buy/sell signal!)
I was inspired by watching a Youtube podcast Desiretotrade by Etienne Crane where I saw on his chart arrows indicating where price closed outside of a Bollinger Band followed by price closing back inside. This made me want to test such a price action phenomenon myself and to do that I needed to code it up.
I'm really a hacker when it comes to programming and Pine Script but I began coding from ZERO knowledge and my tricks, which I share, should hopefully help new Tradingview/Pine Script coders. GOOGLE IS YOUR FRIEND!!! It has all the answers if you just type the correct search :)
Unfortunately, I did not realize that Tradingview cuts off videos at 20 minutes. Oops! I got the meat of the indicator and process of using it all recorded and got cut off as I was cleaning up the code to make it more user friendly. I'll know to keep track of time for the next video!
Please let me know if this was helpful to traders... I get motivated by positive vibes to do more teaching!
EURGBP LONG / Breakout and retracement to a key levelThe video explains exactly why we are long on EURGBP this morning, but it also details our trading system and explains exactly how we trade.
The main point is that we only enter on the Fibonacci retracement, but we use it a little different than everyone else!
Anyway, enjoy the video... more posts coming later
How to use the "RSI cyclic smoothed v2" indicator to spot turnsThis tutorial explains how to use the public and open indicator published as "RSI cyclic smoothed v2" in regards to spot market turns. By using the same indicator tuned at the market vibration and using divergence signals to confirm market turns.
As written here:
Based on the community feedback, I wanted to share more insights on how to use this indicator on the chart.
NZD_USD TRADING PLAN|RSI DIVERGENCE| TOP DOWN ANALYSIS
NZD_USD is facing confluence of massive resistance levels on daily.
Also, there is an RSI divergence present and the pair is overbought.
So I am bearish biased.
You might sell now in a risky mode with 8:1 risk reward
Or wait for the channel breakout and sell on pullback with 4:1 risk reward.
Thank you for watching.
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