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Trading Applications: How To Use Oscillators Correctly! You need to read the tutorial first before this post. Here is the tutorial : This is an example of how to apply the concepts I explained in the oscillators tutorials. I have numbered the text boxes so that you read them in the correct sequence. Start from the left hand side and move along the chart. In this example we have applied some basic concepts like support and resistance and candlestick patterns as an additional tools to the oscillators. It is always important to use more tools to support your view (but not too many). Also it's always important to put things in context of the the price action. Whether it is trending up or down or sideways. In addition, remember to look at the bigger picture, as an uptrend on the daily chart , might be merely an upwave in a sideways market on the weekly or monthly chart. Best Technician
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by Technician
18
USDJPY: Bearish Bat + ExplanationHi Traders, Here is a bearish bat pattern setup on USDJPY with D pattern completion at 103.950. Read below if you are unsure how to identify a bat pattern. 1) Look for an impulse leg, which will mark the beginning of the pattern. I like the analogy of seeing the impulse leg as a "Sore Thumb" high or low point, something that immediately sticks out on the chart. This is the X point. 2) Grab your fibonacci retracement tool and draw from the X (sore thumb high or low) to the lowest/highest point of the move. This is the A point. 3) Price must touch the 50% retracement of the XA leg, BUT NOT TOUCH the 61.8%. This is the B point. 4) Draw a fibonacci retracement from the A to B point, we are looking for AT LEAST a 61.8% retracement. If price exceeds the A point the pattern is invalid. This is the C point. 5) To find the completion at D, draw a fibonacci retracement from XA and if price reaches the 88.6% retracement the pattern has completed. This is the D point. 6) I place stops 10-15 pips above or below the X leg. 7) Targets go at the 38.2% and 61.8% retracement of the A to D leg. Hope that helps! Remember to leave me a like or comment below if this helped you. Good luck and good trading, Luke
Education
by Beebags
LEVERAGE: The Legitimate UsageImagine you have a strategy and you found that the optimal risk you should take is 4%. In other words with this strategy you should put 4% of your capital at risk in every trade to grow your account the fastest. If you enter a trade with 100% of your capital, the SL % is the % you put at risk. NOT the whole position size. So by entering a trade with all of your money and setting a 4% SL you only put 4% of your money at risk at all times ! Now let's examine the following situation keeping our strategy in mind. Imagine a perfectly oscillating market (for demonstration only). We are at the point where the red line ends and we expect the price to go the dashed path with a very high certainty. Our optimal & desired risk is 4%. However in this trade that we want to enter rightnow we can set a stop loss tighter than 4% because we are very certain that it wont be hit. So we can use a 2% stop instead. If you now put 100% of your capital in this trade you only put 2% of our money at risk at all times. However we want to put 4% of our money at risk for the best returns possible taking optimal risk (4%). That's where leverage comes into play as a LEGITIMATE tool and not a gambling tool. You already have 100% of your money in this trade, you can't put in more (without leverage) although your risk management tells you to do so. You want to increase your risk from currently 2% to 4% = double it. This means you have to take a 2x leverage. Now you are 200% invested in the trade and if your stop loss of 2% (in price action) gets hit you will lose 2 x 2% = 4% which is the optimal risk we wanted. More in-depth information about optimal risk for fast growth: en.wikipedia.org www.youtube.com
BITSTAMP:BTCUSDEducation
by MagnusTradingGroup
12
New Video Series! What Questions Do You Have About TradingView?We Need Your Help!!! We're Creating A Complete Video Tutorial Series For All TradingView Members...From The Brand New Person...To The Most Experienced Users... What Questions Do You Have About The TradingView Platform? If Your New To TradingView...Please Ask Questions! Your Questions Are Extremely Valuable To The Community. It's Surprisingly Difficult For Us To Understand What A Brand New Persons Experience is Like...Since We've Seen TradingView Every Day For Years. Your Questions Will Give Us The Ability To Create A Complete Tutorial For You, And Our Brand New Members. What Types Of Questions Will Be Covered? While Your Welcome To Post Any Thoughts...Only Questions On Current Features Will Be Covered In The Video Series. We Will Add Additional Tutorials As New Features Are Released. EXAMPLES OF GREAT QUESTIONS: 1. It takes me a long time to get a chart ready to post. Is There a Way To Save Templates So I Can Post Charts Faster? 2. How do I put custom indicators on my chart? 3. How do I insert a chart when I'm making a comment or asking a question on a existing chart post? Looking For The most Basic To The Most Advanced Questions... IF YOUR THINKING IT...ASK!!! BECAUSE HUNDREDS OF OTHER PEOPLE HAVE THE SAME QUESTIONS YOU DO.... All Videos Will Be 10 Minutes Or Less, Covering 1 or 2 Topics So They Will Be Easy To Reference. Please Post Questions Below
Education
by ChrisMoody
51