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Ninja Talks EP 19: Let The Trade PassThere's a completely logical but not often used "technique" (if you can call it that) I see only very experienced traders use. When I do it I can understand why very few people actually stick to it. Yes it's profitable. Yes it will make you money both in the short term and the long term. But you will feel extremely uncomfortable. The technique I'm talking about is what I call "letting the trade pass." The basic idea is that Bambi traders jump into trades too early, so as a "letting the trade pass" practitioner your goal is to not jump in early, but instead wait for data to print. Why do we want more data to print? Because with each candlestick we gain more and more awareness on the situation. "Letting the trade pass" simply means just that, you hold off until the "best entry" has passed you by aka you let it pass! Don't worry you'll have plenty of time to get in on pullbacks and bounces. Remember price doesn't move in a straight line (only when price reaches terminal velocity does this happen). Another thing: As we allow data to print, our certainty level will either increase or decrease depending on if it's proving our thesis correct or incorrect. Here's the basic steps to follow: 1. Analyze the charts, build a thesis for long or short, if/then/when scenario. 2. Allow data to print (Warning: This can be very uncomfortable) - FOMO will begin to creep in. 3. Let the trade pass - if price confirms your thoughts then allow it to pass by 4. As price is leaving hop on like a train surfer and get a free low risk ride to profit town. Make sense? It's all about waiting for data to print and your certainty level to be at an all time high before entering a trade. This is how you master psychology. Market Psychology is the forgotten art, invest your time in it and the rewards are exponential. Hope this helps, follow for more. Nick
AMEX:SPYEducation
by NinjaTradingServices
2
Ninja Talks EP 17: OJ Simpson-itusFunniest thing always happens in a bear market; You get influencer guru wannabe gigachads acting like they're OJ Simpsons lawyer trying to argue a case they know is wrong. If the glove fits, right? When the ships sinking peeps turn into three people; (1) They admit they were wrong, reassess and act accordingly (2) They deny their lying eyes and continue to nuke their Trading account (3) They secretly close their positions, but tell the world they're still open, until it eventually proves to be unpopular in which case they are already safe from any disasters. That last one is particularly offensive, it's like the elite of the world going into underground bunkers secretly before meteors strike the earth. Cowardly. But It's hard to hold people accountable, nor do I care to really do so - the only thing I can do (and you too by proxy) is to not be (2) and (3) - makes you less of a superhero when you are wrong, humans are more relatable anyway. + Your audience will appreciate you serving them rather than your own selfish self interests. Just some food for thought. Admitting when you were wrong, allows a bonding experience greater than any other. When was the last time I was wrong? Well... I picked the exact top on Tesla, Bitcoin and the stock market, but I didn't think Bitcoin would crack 60k, I had it stopping sooner - but I was wrong - luckily I didn't bet on it or tell anyone else to bet on it, but the fact remains... ...own your loss like a champion and people will respect you. Or just deny reality, like the guy who says "I'm not crying, my eyes are hot!". It's up to you Ninja. Decide what type of financial speculator you want to be. That's all for this ep, give a like and comment for the algo. Nick
SP:SPXEducation
by NinjaTradingServices
Winning or losing a trade depends on your state of mindHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) The 102.034-105.873 section is a volatility section, and depending on which direction you deviate from this section, the movement of the investment market is expected to change. Therefore, if it falls below 102.034, the investment market is expected to revitalize. Otherwise, if it rises above 105.873, the investment market is likely to enter a recession. Where do you think DXY is heading right now? My thoughts are that I don't know the direction yet, but I think it's right. I believe that investment and trading are determined to fail even before investing or trading according to one's psychological state. The moment you invest or trade with a nervous mind or excitement, you will suffer from more psychological conflicts, so there is a high possibility that you will not get a big return or the transaction will fail in the end. So, if your mind is currently in a state of nervousness, anxiety, excitement, etc., you should stop trading and observe the situation. ---------------------------------------------- (SPX500USD chart) Looking at the 1D chart, it shows a rise to the resistance area of 4255.2-4310.8. Therefore, the key is whether or not you can ascend with support in this section. Looking at the 1M chart, the HA-High indicator on the 1M chart is long at 4419.8. Therefore, it is necessary to check whether it is supported in the 4310.8-4588.6 section. "So, what are you going to do?" you may ask. You yourself already know the answer. As I said in the description of the DXY chart, you have already made your own conclusions. However, it is only a state in which it has not been decided whether to proceed with the current transaction or to wait according to the decision. why? I would like you to think about whether you wrote down the 4255.2-4310.8 section as a resistance section. The biggest reason I said it was a resistance zone is because I think that if it rises above this zone, it is highly likely to surge. The reason why it is likely to surge is because it touched this section in August 2022, the previous high, and showed a decline. Therefore, if it rises above this range, it is highly likely that you will proceed with the purchase without checking whether it is supported. (1D chart) (1W chart) (1M chart) Therefore, when looking at charts, you should look at the 1M chart first, then the 1W chart, then the 1D chart, not the 1D chart and then the 1M chart. That way, you will be able to hold the overall picture of the chart in your mind, which will help you prevent your psychology from being shaken by small waves. However, most of them don't do that, and by looking at the time frame chart they are trading first, their psychological state is agitated by small fluctuations even before making a trading strategy, so there is a high possibility of making a trading strategy in the wrong direction. So, regardless of your investment style, that is, the investment period, you are shaken by small fluctuations, so you are sensitive to the current movement even though it is a mid- to long-term investment. In the case of day tradng or short-term trading, there is no need to see a big trend. If you plan to conduct day trading or short-term trading, but create a trading strategy based on the big trend, there is a possibility that you may not be able to stop loss when you should stop or sell when you need to split. This is the cause of fatal mistakes when conducting day trading or short-term trading. Therefore, you should create a trading strategy based on your own investment style, i.e. a time frame chart that fits your investment period. -------------------------------------------------- ------------------ (NAS100USD chart) It is approaching the 14710.6-15090.3 area, an important support and resistance zone. Therefore, the key is whether you can ascend to this section and be supported. Looking at the 1M chart, you can see why the 14710.6-15090.3 area is an important support and resistance zone. As you approach what I'm talking about as this important segment, those waiting to trade are likely to be in a very excited state. Because, once it rises above this important range, you start to think that you can get a bigger return by buying it at a lower price because you think it's likely to show a big uptrend. Therefore, there may be cases in which you proceed to buy before you can confirm whether you are supported or resisted by rising to the important zone, that is, the support and resistance zone. It is tedious to check whether you are supported or resisted, and since psychological agitation occurs hundreds of times a day, your psychological burden will increase enormously. This increase in psychological burden makes it impossible to wait until it rises, which is the main cause of not obtaining large profits or increasing losses. Therefore, you must check whether you are supported or resisted by entering the important section where you must check the support and resistance section. Even if you buy at a higher price, if your psychological state is stable, you can get a bigger profit when you see a big rise. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
TVC:DXYEducation
by readCrypto
2
How to Access Stocks Earnings Report in TradingViewWelcome back Traders! TradingView has done an excellent job providing earnings information on individual stocks! If you are a new or existing stock market trader, you will find this information helpful and I hope you learn something new. Please support this education idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these ideas delivered straight to your email in the future. Thanks for your continued support!
NASDAQ:AMZNEducation
by BKTradingAcademy
20
Get major S&P trading levels through Pitchfan!Hey everyone, how are you all? Let’s discuss Pitchfan and Fibonacci Channel on S&P 500. There are some bearish news in the market. The news includes Federal Reserve’s stance on increasing the interest rates, making investors shifting into the bond markets. Netflix down by 22%. Your trades should always respect the fundamental analysis. Don’t try to go against it. Market Condition: S&P Index has been in a massive uptrend, giving around 120% returns from its previous low on 20 March 2020. It has been in uptrend since March 2020, having few corrections. But, with Pitchfan, we can catch all these corrections with high accuracy. Pitchfan Pitchfan is a mixture of Fibonacci Fan and Pitchfork. It uses both of their levels and has some features of Gann Fan too. The red coloured line is the median line which is the main support and resistance line. The other lines have importance according to Fibonacci’s rules. Main lines are 0.382, 0.5, 0.618. We have kept 0.25 because it is the median of the red line and the 0.5 level of Fibonacci. You can use my levels through the picture in the chart. How to draw a pitchfan? Pitchfan is drawn at the starting of a trend. Here, the market was consolidating before entering into the uptrend. A is the the first low of the trend, B is the next high and C is the next low. It can be drawn on the higher timeframes. Refer to the image below. How to trade these levels? These lines are the major points where the trend reverses on the lower timeframes. We can use these levels to trade. You need to check two things to get the direction of the trade: The current trend matches on both the higher timeframes and the lower timeframes. The news is in the same direction as your trade. After this, you have to get the best entry. For this, you need to get these three confirmations: Candlestick Pattern Fibonacci Retracement or any Chart Pattern RSI or any other Oscillator Check out the below chart image to get the perfect entry: Observations: Price will touch these lines in 70% of the cases. Price might not touch these lines in 30% of the cases due to sentiments or any other driving factor. When price passes by any major level, it will always take a pullback on the lower timeframes. You may trail your stop loss or enter into the trade by checking out the pullback. Targets? Target can be the next line coming in the direction of the trade. Always have RR of 3 or more. You can always trail the stop loss after checking out for the pullback on the lower timeframes. Always check the news before carrying your positions overnight. S&P might bounce back from the yellow level, from the blue demand zone. If it breaks it, our target will be the red median line. Fibonacci Channel: Fibonacci channels gives the major turning levels too. Here, you can see the price is bouncing back from the 0.5 to 0.618 levels, and it has happened multiple times. You can take confirmations on the lower timeframes and take the trades accordingly. Do let me know if you want to learn how to make it.
TVC:SPXEducation
by theTAguy
2