Example of creating a trading strategy chart
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To interpret the chart from a trend perspective, you can use the MS-Signal indicator.
The MS-Signal indicator consists of the M-Signal indicator and the S-Signal indicator.
Therefore, you can analyze the chart by checking the arrangement of the M-Signal indicator and the movement around it.
The most important thing in chart analysis is support and resistance points.
Therefore, if you do not indicate support and resistance points, it can be said that the chart analysis cannot be used for trading.
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So, Fibonacci retracement and trend-based Fibonacci extension are widely used in chart analysis.
I used the Trend-Based Fib Extension tool.
I selected and displayed the low and high points pointed by the fingers.
The selection of the candles pointed by the fingers corresponds to the inflection points of the StochRSI indicator.
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If you connect these, you get a trend line.
The important thing when drawing a trend line is to connect the high points of the StochRSI indicator by connecting the opening prices of the falling candles.
When connecting the low points, you can connect the low points regardless of whether it is a falling candle or an rising candle.
This is because I think it best expresses the trend and volatility period based on my experience using it.
When drawing the Fibonacci ratio and when drawing the trend line, the selection points are different, so you should draw it with this in mind.
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If it is drawn as above, you can see that the chart is ready to be analyzed.
Since the channeling most commonly used in chart analysis has been formed, I think chart analysis will not be difficult.
However, the above method is a drawing for chart analysis, so it is not suitable for trading.
This is an important point.
If you are good at chart analysis, but wonder why you lose money when trading, you should change the drawing of support and resistance points.
Do not trade with Fibonacci ratios, but mark support and resistance points according to the candle arrangement on the 1M, 1W, and 1D charts and create a trading strategy according to their importance.
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The chart above shows the support and resistance points drawn on the 1M, 1W, and 1D charts.
To display this, we used the HA-High, HA-Low, OBV 0, OBV Up, OBV Down, BW (100), Mid (50), BW (0) indicators.
To display the exact volatility period, we also need to draw a trend line on the 1M, 1W chart.
The indicators that are important for support and resistance points are HA-Low, HA-High, BW (100), BW (0).
Therefore, the point where the trend line intersects this point is likely to correspond to the volatility period.
It is not accurate because it is displayed only with the trend line that was created right away, but I think it explains well how to display the volatility period.
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If you display the volatility period like this and hide all indicators, you will have a complete chart that can be used for trading.
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Have a good time.
Thank you.
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Tradingstrategy
Mastering the "IF-THEN" Mindset: The Key to Stress-Free TradingIn this video, I’ll share how using IF-THEN statements helps me stay balanced in my trading. It’s simple: IF the price does this, THEN I’ll do that. Having a plan like this keeps me from getting caught up in emotions and helps me react to what’s actually happening in the market – not what I wish would happen.
This mindset keeps things smooth, makes trade management easier, and keeps me consistent. It’s all about staying ready for whatever the market throws your way.
If this vibe clicks with you, drop a comment, like, or follow – I’ve got plenty more insights to share!
Mindbloome Trading
Trade What You See
The Coin Market is Different from the Stock Market
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The coin market discloses a lot of information compared to the stock market.
Among them, it discloses the flow of funds.
Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds.
Therefore, unlike the stock market, individual investors can also roughly know the flow of funds.
Therefore, you can see that it is more transparent than other investment markets.
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USDT continues to update its ATH.
You can see that funds are continuously flowing into the coin market through USDT.
USDC has been falling since July 22 and has not yet recovered.
The important support and resistance level of USDC is 26.525B.
Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in.
If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high.
Therefore, it can be said that USDT is the fund that has a big influence on the coin market.
USDC is likely to be composed of US funds.
Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market.
But it is not all good.
This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market.
This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate.
In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC.
Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds.
Therefore, USDC is likely to have a short-term influence on the coin market at present.
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As mentioned above, the most important thing in the investment market is the flow of funds.
The flow of funds in the coin market can be seen as maintaining an upward trend.
Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective.
As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds.
Therefore, I think that the coin market should not be predicted based on global perspectives and political situations.
The start of the major bear market in the coin market is when USDT starts to show a gap downtrend.
Until then, I dare say that the coin market is likely to maintain its current uptrend.
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(BTCUSDT 1D chart)
The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak.
Accordingly, the pressure to decline will increase over time.
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(1W chart)
The StochRSI indicator is also in the overbought zone on the 1W chart.
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(1M chart)
On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise.
The movement of the 1M chart should be checked again when a new candle is created.
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You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above.
In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone.
Therefore, you can see that the current movement is different from the past movement.
Therefore, I think it is not right to predict the current flow by substituting past dates.
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I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market.
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Have a good time. Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Chart with trend(MACD), momentum(DMI), and market strength(OBV)
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BW+ indicator is an indicator that comprehensively evaluates MACD, DMI, and OBV indicators.
Therefore, knowledge of MACD, DMI, and OBV indicators is required.
I added the existing HA-Low and HA-High indicators to express the section to start trading more clearly.
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The indicators have changed and been supplemented a lot over the past 6 years of using TradingView.
It was not easy to express my trading method as an indicator.
Because of this, I think there are people who unintentionally interpret my writing differently from what I think.
So, to narrow this gap, I am explaining the indicators used in my article.
Since these indicators are automatically generated by a formula, no one can change them.
Therefore, I think anyone can look at the chart and interpret it from the same perspective.
However, there may be differences in interpretation depending on one's investment style or average purchase price.
However, since everyone talks about the same point, there will be no confusion.
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When talking to each other in the community, if you talk with the chart tool you drew, you may talk differently and there may be room for misunderstanding.
So, I think the conversation often goes in a strange direction because the conversation ends up talking about whether it is LONG or SHORT right now.
I think that charts drawn with chart tools are not very meaningful because they only show a part of the person's thoughts through chart analysis.
This is because they do not tell you the selection point using the chart tool, so interpretation or understanding is lacking.
Therefore, you cannot apply such content to your own chart.
So, since it can't be used as a trading strategy, I can't help but just say, "Oh, that could be possible."
However, if there is a chart that everyone can see and no one can change, I think it would be easier to talk and reflect each other's thoughts on my trading strategy.
I think that because of that, I can find out what I lacked and supplement it.
Not everyone sees the same thing and thinks the same, but if the basic point of the thought is the same, I think it can help me make other people's thoughts my own.
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Anyway, I hope that this chart change will help you create a clearer analysis or trading strategy.
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The MACD indicator added to the chart is an indicator with a modified formula from the existing MACD indicator, but the interpretation method is the same.
That is,
- If MACD > Signal, it is interpreted as an upward trend,
- If MACD < Signal, it is interpreted as a downward trend.
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The DMI indicator added to the chart simplifies the interpretation of the existing D+, D- indicators by expressing them as lines on the ADX line.
That is,
- The section expressed in Aqua color means a downward section,
- The section expressed in Orange means an upward section.
- When ADX is above 25, it means that the strength of the upward or downward movement is strong,
- When it is below 25, it means that there is a high possibility of forming a box section or sideways section.
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The OBV indicator added to the chart means an upward trend when each line is broken upward, and a downward trend when it is broken downward.
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The indicator that expresses the contents explained above is the BW v1.0 indicator.
In order to see this more intuitively, the BW (100), BW (0), and Mid (50) indicators were added so that they can be expressed in the price candle section.
In addition, there are also High (80 Down), Low (20 Up) indicators.
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It is never easy to interpret each indicator and evaluate it comprehensively.
It is especially difficult when trading in real time.
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When interpreting the BW v1.0 indicator, it is basically divided into rising and falling based on the 50 point.
Therefore, passing the 50 point increases the possibility of a significant change in the trend.
Therefore, it seems that trading can be done based on whether there is support near the Mid (50) line generated when the BW indicator passes the 50 point, but this is not the case.
The reason is that volatility is likely to occur when a change in trend occurs.
When volatility occurs, your trading point will go up and down, so psychological pressure will increase and you may proceed with an inappropriate trade.
Therefore, a good point to start trading is the BW (0), BW (100) or HA-Low, HA-High point.
Since these indicators are generated at the boundary of the low or high point range, if you start trading based on whether there is support, you are more likely to get good results.
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In any case, you should think in line with your average purchase price.
Otherwise, if you trade incorrectly due to psychological pressure when you get close to the average purchase price, you may end up with little profit or even a loss.
This means that when you start a new trade, it is better to start near the BW (0), BW (100), HA-Low, and HA-High indicators as mentioned above.
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Have a good time.
Thank you.
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Misconceptions and Truths about Paper Trading
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TradingView also supports Paper Trading.
For more information, please click the link below. www.tradingview.com
More flexibility: change your Paper Trading account currency :
www.tradingview.com
Even more seamless order design — directly on chart :
www.tradingview.com
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Paper Trading is thought to support trading practice for beginners.
However, this is a wrong idea.
If you lack prior knowledge about trading or have no concept of trading strategy, you should not do paper trading.
The reason is that the psychological burden is different.
The success or failure of a trade is thought to be the result of trading strategy or response ability, but in reality, it can be said that it is determined by the battle with oneself and psychological state.
This means that psychological state has a significant impact on trading.
Therefore, paper trading should be considered as a transaction that is conducted to confirm one's trading strategy and response strategy after completing chart analysis.
If you have completed some verification of your trading strategy or response strategy, you should continue to conduct actual trading even if you suffer a loss.
The reason is that you should not forget that you can only gain know-how in trading through actual trading.
Therefore, paper trading should not be used to practice mid- to long-term trading, but should be used to verify trading strategies or response strategies for short-term trading or day trading.
In order to do so, you must close the transaction by selling or cutting your loss.
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For more information on trading orders in paper trading, please refer to the explanation through the link above.
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You can proceed with Paper Trading by clicking the Trading Panel at the bottom menu of the TradingView chart.
If you connect to a Paper Trading account, you can start with an initial fund of 100,000.
If the Buy/Sell button is not activated, activate the chart settings to activate the Buy/Sell button before proceeding with the trade.
Right-click on the space in the price candle area to activate the window, and then hover your mouse over the Trade section to check the trading order or trading settings (when you click the Trading menu in the Chart Settings window).
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In addition, TradingView is linked to a real exchange and supports real trading.
It supports various exchanges, so I recommend you to check if there is an exchange that you are trading on.
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Have a good time.
Thank you.
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New chart tool released: Parallel Channel
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You can check the detailed explanation of the newly added chart tool by clicking the link address below.
www.tradingview.com
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The most important thing when drawing a trend line is where you designate the selection point.
Therefore, it is recommended to draw the trend line before starting a trade.
If you draw a trend line while a trade is in progress, you should be careful because your psychological state may be reflected when designating the selection point.
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You need to select 3 points to draw a parallel channel.
The first and second are the points corresponding to the trend line, and the third selection point is the point where the channel will be drawn.
Accordingly, I recommend drawing on the largest time frame chart possible.
I think that is the most objective way to draw parallel channels.
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The chart above is the 12M chart, which is the largest time frame chart.
If the 12M chart does not have the current candle arrangement, you should use the 1M chart.
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As in the example chart above, create a trend line by specifying the low point of the rising candle after the falling candle. (Specify 1st and 2nd points)
Then, complete the channel by specifying the high point of the candlestick to the left of the previous downtrend candlestick of the 2nd point. (Specify 3rd point)
If you draw it like above and look at it on a 1D chart, it will feel like it is drawn well.
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If you want to draw a 1D chart on a lower time frame chart, the 3rd point is the hardest to choose.
However, since you can designate it in the same way as you drew it on the largest time frame chart, you have to find out which point corresponds to the 3rd point.
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If you look at the current trend, you can see that it is forming a downtrend channel.
Therefore, you have to choose a point to create a downtrend channel.
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You can select and designate as shown in the chart above.
When drawing on the 12M chart above (when in an uptrend)
1st point designation: Select the low point of the rising candle after the falling candle
2nd point designation: Select the point of the rising candle after the falling candle after the 1st point designation
3rd point designation: Select the high point of the candle on the left of the falling candle to the left of the 2nd point designation
(When in a downtrend)
1st point designation: Select the opening price of the falling candle (wave) after the rising candle (wave)
2nd point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) after the 1st point designation
3rd point designation: Select the low point of the rising candle (wave) to the left of the 2nd point designation
If you select in the above way, you can get a feeling that something is well drawn.
If you have your own drawing style, you can draw it that way.
I am just giving you an example of how to draw, so you don't have to follow it.
However, the important point is that you have to draw it according to the method of designating the selection point and creating a pattern.
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If you look at the 1D chart above, you can see that there is a vertical line drawn.
This vertical line indicates the high point of the StochRSI indicator.
Since the current trend is a downtrend, the high point of the StochRSI indicator is indicated, but when it is an uptrend, the low point of the StochRSI indicator is indicated.
And, based on that point, you can select the point according to the format of designating the selection point mentioned above.
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The trend line is a tool for chart analysis.
Therefore, in order to trade, the support and resistance points drawn on the 1M, 1W, and 1D charts must be indicated.
So, if you have confirmed the trend using the parallel channel released this time, you must draw the support and resistance points to create a basis for trading.
The reason is that since the trend line is diagonal, it is difficult to determine the timing to start trading.
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The method I am talking about is a method that anyone can understand.
The trend line you draw should be a point that everyone who sees various support and resistance points can understand.
Then there is no need to explain why you chose that point, and I think everyone can easily understand it.
If you have a good method that you are using, please publish it as an idea and make it public.
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Have a good time.
Thank you.
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7 Ways to Optimize Your Trading Strategy Like a ProYou’ve got a trading strategy—great. But if you think that’s where the work ends, think again. A good strategy is like a sports car: It’s fast, fun, and dangerous… unless you keep it tuned and under control. And given how volatile modern trading is, yesterday’s strategy can quickly become tomorrow’s account-drainer. So, how do you keep your trading strategy sharp and in profit mode? Let’s dive into seven ways to fine-tune your setup like a pro.
1️⃣ Backtest Like Your Profits Depend on It (Spoiler: They Do)
Before you let your strategy loose in the wild, backtest it against historical data. It’s not enough to say, “This looks good.” Run the numbers. Find out how it performs over different time frames, market conditions, and asset classes — stocks , crypto , forex , and more. If you’re not backtesting, you run the risk of trading blind — use the sea of charting tools and instruments around here, slap them on previous price action and see how they do.
💡 Pro Tip : Make sure to backtest with realistic conditions. Don’t cheat with perfect hindsight—markets aren’t that kind.
2️⃣ Optimize for Risk, Not Just Reward
Everyone gets starry-eyed over profits, but the best traders obsess over risk management. Adjust your strategy to keep risk in check. Ask yourself: How much are you willing to lose per trade? What’s your win-loss ratio? A strategy that promises massive returns but ignores risk is more like a ticking time bomb than a way to pull in long-term profits.
💡 Pro Tip : Use a risk-reward ratio of at least 2:1. It’s simple: risk $1 to make $2, and you’ve got a buffer against losses. Want to go big? Use 5:1 or why not even 15:1? Learn all about it in our Asymmetric Risk Reward Idea.
3️⃣ Diversify Your Strategy Across Markets
If you’re only trading one asset or market, you’re asking for trouble (sooner or later). Markets move in cycles, and your strategy might crush it in one but flop in another. Spread your strategy across different markets to smooth out the rough patches.
💡 Pro Tip : Don’t confuse this with over-trading. You’re diversifying, not chasing every pop.
4️⃣ Fine-Tune Your Time Frames
Your strategy might be solid on the 1-hour chart but struggle on the 5-minute or daily. Different time frames bring different opportunities and risks. Test your strategy across multiple time frames to see where it shines and where it stumbles.
💡 Pro Tip : Day traders? Shorten those time frames. Swing traders? Stretch ’em out. Find the sweet spot that aligns with your trading style.
5️⃣ Stay Agile with Market Conditions
No strategy is perfect for every market condition. What works in a trending market could blow up in a range-bound one. Optimize your strategy to adapt to volatility, volume, and trend shifts. Pay attention to news events , central bank meetings, and earnings reports — they can flip the script fast.
💡 Pro Tip : Learn to identify when your strategy isn’t working and take a step back. Not every day is a trading day.
6️⃣ Incorporate Multiple Indicators (But Don’t Go Overboard)
More indicators = more profits, right? Wrong. It’s easy to fall into the trap of loading up your charts with a dozen indicators until you’re drowning in lines and signals. Keep it simple — combine 3 to 5 complementary indicators that confirm your strategy’s signals, and ditch the rest.
💡 Pro Tip : Use one indicator for trend confirmation and another for entry/exit timing.
7️⃣ Keep Tweaking, But Don’t Blow Out of Proportion
Here’s the rub: There’s a fine line between optimization and over-optimization. Adjusting your strategy too much based on past data can lead to overfitting — your strategy works perfectly on historical data but crashes in live markets. Keep tweaking, but always test those tweaks in live conditions to make sure they hold up.
💡 Pro Tip : Keep a trading journal to track your tweaks. If you don’t track it, you won’t know what’s working and what’s not. Get familiar with the attributes of a successful trading plan with one of our top-performing Ideas: What’s in a Trading Plan?
💎 Bonus: Never Stop Learning
The market’s constantly changing and your strategy needs to change with it. Keep studying, keep testing, and keep learning. The moment you think you’ve mastered the market is the moment it humbles you.
Optimizing a trading strategy isn’t a one-and-done deal—it’s an ongoing process. By fine-tuning, testing, and staying flexible, you can keep your strategy sharp, profitable, and ahead of the curve. Optimize smart, trade smart!
Example of Conditions for Starting Trading
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I will publish in advance due to an external schedule tomorrow.
Accordingly, I will take time to provide additional explanations on the ideas published today.
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I will talk about the basis for indicating the direction of progress shown in the chart above.
In order to differentiate from other people's analyses, I am trying to explain the basis for indicating the support and resistance points or sections on the chart.
I think that if you understand why those points and sections were set, you will eventually be able to understand them without having to read the explanation all the way through.
For this, more support and resistance points are needed.
This is because we can select the volatility period by additionally drawing the trend line.
However, since all of these processes are displayed on the chart, there are many complaints that the chart is messy and confusing, so we are trying to reduce them as much as possible.
Therefore, there are cases where the chart is displayed in two versions.
The chart below is a chart that shows many support and resistance points and draws a trend line to select the volatility period.
Therefore, since the support and resistance points may be displayed differently, it is recommended that you refer to the points or sections that I have written.
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The conditions for starting a transaction are simpler than they look.
However, when these conditions are met, the support and resistance points drawn on the 1M, 1W, and 1D charts must be displayed.
Therefore, even if the conditions for starting a transaction are met, if the support and resistance points are not displayed at the corresponding price, you cannot start a transaction.
Please read this carefully and thank you.
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(It would be good to see this as an example of how to find the conditions that fit you and how to utilize them.)
Conditions for starting a transaction are
1. Buying time conditions
- When the StochRSI indicator rises in the oversold range and maintains the state of StochRSI > StochRSI EMA
- When the BW indicator forms a horizontal line at the lowest point (0)
- When the OBV indicator rises below the 0 point
- When the DMI indicator rises below the 0 point
2. Selling time conditions
- When the StochRSI indicator falls in the overbought range and maintains the state of StochRSI < StochRSI EMA
- When the BW indicator forms a horizontal line at the highest point (100)
- When the OBV indicator falls above the 0 point
- When the DMI indicator falls above the 0 point
When the above conditions are met, check whether there is support at the support and resistance points drawn near the price. Confirmation is used to proceed with the transaction.
The current price position is 60672.0-61099.25.
Therefore, you can proceed with the transaction depending on whether there is support in this section.
Since it is currently falling below 60672.0, there is nothing you can do in spot trading other than cutting losses.
In futures trading, you can enter with a sell (SHORT) position.
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It is rare for all the conditions for starting a transaction mentioned above to be met.
Therefore, it is recommended to basically check whether the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), and then proceed with the transaction by checking the movement of the StochRSI indicator.
Also, it is recommended to select a split sell section to make a profit by calculating the fluctuation range while checking the strength of the rise or fall with OBV and DMI.
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In summary of the above,
Since the StochRSI indicator has not yet risen from the oversold zone and StochRSI < StochRSI EMA, it is recommended to check whether a reversal is occurring.
Also, you should check whether the BW indicator has fallen to the lowest point (0) and formed a horizontal line.
If the OBV and DMI indicators rise below the 0 point without meeting these conditions, you should proceed with an aggressive purchase (a transaction that requires a quick response similar to scalping or day trading).
If you do not proceed with an aggressive purchase, you should wait.
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It is not a good idea to enter a current sell (SHORT) position in futures trading.
However, if you proceed with an aggressive transaction (scalping or day trading), you can start trading.
The reason why it is not a good condition for trading is because the price is located in the 1. purchase timing condition section among the conditions for starting a transaction mentioned above.
Therefore, the profit is small or you may even suffer a loss.
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If you are not currently trading, I think the section where you should trade is when it rises around 61K.
Before that, it is highly likely that you will not be able to purchase because it seems like it will fall further.
I think this point, or the section where you actually trade, is the psychological volume profile section.
This psychological volume profile section is the section where psychology applies that you must trade even now.
Since this point is ultimately a low or high point, it is a section where you are likely to incur losses if you purchase.
The 61K section that I mentioned earlier is a section where it is highly likely to be a low point, so it is a section where you are likely to incur losses if you cut your loss or enter a sell (SHORT) position.
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If it shows resistance near 60672.0, there is a possibility that a sharp decline will occur momentarily and touch 59K and then rise.
This phenomenon can be a fake or a sweep movement, so you need to be careful.
In order to avoid losses from this phenomenon, auxiliary indicators are necessary.
Since auxiliary indicators are lagging, they are unlikely to show large movements in sudden price fluctuations.
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What I am talking about is not a method of chart analysis, but an example of how to set a standard for trading.
Therefore, I hope you do not misunderstand the above as about chart analysis.
Since chart analysis and trading are different, what you see on the chart is also different.
In order to complement this difference, what is needed is the support and resistance points drawn on the 1M, 1W, and 1D charts.
Since charts without support and resistance points are likely to be for chart analysis, there is no need to try to find a trading point on these charts.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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How to Trade Gap Up and Gap Down Opening? Full Guide
What is gap up and gap down in trading?
In this article, I will teach you how to trade gap up and gap down opening . You will learn a simple and profitable gap trading strategy that works perfectly on Forex, Gold or any other financial market.
First, let's start with a theory .
A gap up after the market opening is the situation when the market opens higher than it was closed without any trading activity in between.
Above you can see the example a gap up after the market opening on EURGBP.
The price level where the market closed is called gap opening level.
The price level where the market opened is galled gap closing level.
A gap down after the market opening is the situation when the market opens lower than it was closed without trading activity in between.
Here is the example of a gap down after the market opening on WTI Crude Oil.
Why such gaps occur?
There are various reasons why opening gaps occur.
One of the most common one is the release of positive or negative news while the market was closed.
The market opening price will reflect the impact of such news, causing a formation of the gap.
What gap opening means?
Gap openings reflect the sudden change in the market sentiment.
Gap up will indicate a very bullish sentiment on the market while
a gap down will imply very bearish mood of the market participants.
However, the markets do not like the gaps.
With a very high probability, the gaps are always filled by the market very soon.
We say that the gap is filled, when the price returns to the gap opening level.
Above, you can see that after some time, EURGBP successfully closed the gap - returned to gap opening level.
Such a pattern is very reliable and consistent among different financial markets. For that reason, it can provide profitable trading opportunities for us.
You can see that a gap down on WTI Crude Oil was quickly filled and the price returned to the gap opening level.
How to trade gap opening?
Gap Up Trading Strategy
Once you spotted a gap up after the market opening, you should wait for a bearish signal before you sell.
You should look for a sign of strength of the sellers.
One of the most accurate signals is a formation of a bearish price action pattern:
Double top,
Triple top,
Inverted Cup and Handle,
Head and Shoulders,
Symmetrical or Descending Triangle,
Rising Wedge...
Bearish breakout of a trend line / neckline of the pattern will be your signal to sell.
Look at a price action on EURGBP before it filled the gap.
At some moment, the price formed a double top pattern and broke its neckline. That is our signal to sell.
Your stop loss should lie above the highs of the pattern.
Take profit - gap opening level.
Safest entry is on a retest of a broken neckline/trend line of the pattern.
Safest entry point on EURGBP is the retest of a broken neckline of a double top pattern. Stop is lying above its highs. TP - gap opening level.
Gap Down Trading Strategy
Once you spotted a gap down after the market opening, you should wait for a bullish signal before you sell.
You should look for a sign of strength of the buyers.
One of the most accurate signals is a formation of a bullish price action pattern:
Double bottom,
Triple bottom,
Cup and Handle,
Inverted Head and Shoulders,
Symmetrical or Ascending Triangle,
Rising Wedge...
Bullish breakout of a trend line / neckline of the pattern will be your signal to buy .
Let's study the price action on WTI Crude Oil before it filled the gap.
You can see that the price formed a cup and handle pattern.
Bullish breakout of its neckline is a strong bullish signal.
Safest entry is on a retest of a broken neckline/trend line of the pattern.
Your stop loss should lie above the lows of the pattern.
Take profit - gap opening level.
Following this strategy, a nice profit was made.
Always remember that probabilities that the gap will be filled are very high. However, it is not clear WHEN exactly it will happen.
For that reason, you should carefully analyze a price action and wait for a signal, before you open the trade.
That will be your best gap opening trading strategy.
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My personal interpretation of the Volume Footprint chart
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I signed up for an expensive plan on TradingView, but I think there are some parts of the chart that I can't use properly.
I think the Volume Footprint chart is a chart that can be used when you sign up for a premium plan. (I may be wrong, so please check.)
I think it's because I'm used to the old way, so I feel resistant to new things, and the explanation is difficult to read.
In order to solve that problem a little, I'd like to explain how to interpret the chart using only the core interpretation methods.
Since my explanation may be different from the creator's intention, I strongly recommend that you read the creator's explanation.
Volume Footprint Chart Description:
www.tradingview.com
----------------------------------------
I think you should pay attention to and interpret the part indicated above.
I think the section marked as VAL, VAH is the section that is mainly traded.
Therefore, I think that depending on which direction it deviates from this section, it will affect the future flow.
Therefore,
- If it rises near or above VAH, it is likely to show an upward trend,
- If it falls near or below VAL, it is likely to show a downward trend.
-
The next thing to look at is the column indicated next to each volume. (The part that the arrow points to)
- The column in the Sell Volume section indicates that it is a section with strong selling pressure,
- The column in the Buy Volume section indicates that it is a section with strong buying pressure.
(The creator explains that this is the part that is indicated by the imbalance of volume.)
Anyway, since there is a high possibility of a rebound or reversal in the part where this column is indicated, I think it can be a tradable section depending on whether it receives support or resistance in this part.
-
The Delta section shows the difference between Sell Volume and Buy Volume.
-----------------------------------------------------------
The time frame charts that are good for viewing the volume footprint chart are 1s, 1m, 15m, 1h, and 1D charts, so I recommend viewing them with the corresponding time frame charts.
If it deviates from the VAL, VAH area near 1, 1-1 and 2, 2-1 shown on the chart, a trend is formed, so you should check whether it deviates from this section.
If it does not deviate, it can be interpreted that there is a high possibility of sideways movement.
-
Therefore,
1. Is it located near VAL, VAH?
2. Is there a section where columns are created next to Sell Volume, Buy Volume?
I think this chart allows you to detect the trading volume, that is, the movement of buyers and sellers, with the above two things.
-
Have a good time.
Thank you.
--------------------------------------------------
How to Adapt Your Trading Plan to Any Market ConditionDaily Trendline Break and Market Structure
The break of the daily trendline suggests potential bearish momentum. However, as the break appears corrective, we must be cautious about interpreting it as a reversal too early. As described in the Trinity Rule, it’s crucial to evaluate whether price is moving impulsively or correctively before deciding.
The market could be forming an arcing structure, which traps traders on the wrong side before reversing, as mentioned in Pattern Separation. This aligns with the idea that the market may retest the trendline or break structure in the opposite direction after a fake-out.
Lower Timeframe Ascending Channel
There is an ascending channel on the lower timeframes, which typically signals continuation of the bullish trend unless there’s a strong breakout to the downside. This is where the Multi-Touch Confirmation comes in; if we get a third touch on this channel without a break, it could present a strong reversal signal.
However, if the price decisively breaks the ascending channel with strong momentum, the next step would be to look for a flag or corrective structure for an entry into the bearish continuation, as highlighted in Running Channels.
High-Probability Trade Setup
Impulse and Correction:
As per Entry Types, a high-probability trade should be executed after the first impulse following a correction. If the price breaks out of the ascending channel, wait for a correction (such as a flag) before entering a short position.
You may look for a third touch confirmation to enhance the probability of success.
Risk Management:
Don’t rush the entry based solely on the trendline break. Ensure the structure evolves, showing a confirmed breakout, especially on higher timeframes.
Manage your stop loss based on market structure rather than arbitrary levels. For instance, if the market presents an impulsive move after breaking the channel, your stop could be above the last lower high.
Market Structure and Valid Trades
Evolve Structure: Continuously update your structure by considering the most recent touches. This avoids getting caught in outdated setups.
Where Are We in Structure?: Evaluate whether the price is impulsively breaking key levels or showing corrective behavior. If momentum is lacking after the trendline break, the bearish setup may not play out.
Trade Scenarios
Bearish Scenario (Short Setup):
Price Breaks the Ascending Channel: If the price breaks with momentum, look for a retest or flag formation to enter short.
Manage Your Position: As the Rule of Three suggests, avoid perfectionism. If the market forms a strong flag or corrective structure, trust the process and adjust your stop as the trade moves in your favor.
Bullish Scenario (Long Setup) :
Price Fails to Break the Channel: If the market respects the ascending channel, this could indicate a continuation of the bullish trend. You could enter long after the third touch confirmation or a clear rejection of lower levels.
Multi-Touch Confirmation: This will be a key factor if the market holds within the channel.
Key Considerations
Impulse and Confirmation: Be patient for the first impulse and correction before committing to a trade.
Stay Neutral: Use running channels and the overall structure to keep a neutral mindset until the market gives a clear signal.
Avoid Perfectionism: Don’t hesitate or wait for the “perfect” setup if multiple confluences align. Stick to your pre-trade checklist to avoid overanalyzing.
Activate the alarm function when touching the set indicator
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One of the good things about using TradingView charts is that you can use the alarm function.
This alarm function has a limit on the number depending on the plan you use, so please check it out.
I will take the time to explain the alarm function using my chart.
It is hard, boring, and tedious to just look at the chart until you meet the desired trading point or criteria.
If you do that, you may end up making a wrong trade or missing the trading period while doing something else.
If you create an alarm and change the Value section to the HA-MS_BW indicator, multiple indicators will be displayed.
The indicators currently activated on the chart are HA-Low, HA-High, BW, and M-Signal indicators on the 1D chart, so you can select BW or HA-Low, LH, LL and check if the alarm turns on when they cross.
When looking at the 15m chart, since it is moving sideways in the box section of the HA-Low indicator, if you set it to LH, LL indicator, the alarm will come when you touch the upper or lower point of the box.
Then, you can use it conveniently when you want to trade within the box section.
If you want to trade in a large trend, I think it would be good to set the alarm to turn on when you touch the 5EMA on the 1D chart.
Or, you can set the alarm to turn on when the OBV indicator breaks through the high (HH) or low (LL) line upward.
If you are a paid member of TradingView, I highly recommend using the alarm function.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start after it rises above 29K.
The area expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Quarter Theory: Intraday Trading Mastery - Part 2 ExamplesGreetings Traders!
In today's video, we'll continue our deep dive into Quarter Theory Intraday Trading Mastery—a model rooted in the algorithmic nature of price delivery within the markets. We’ll explore the concept of draw on liquidity through premium and discount price delivery, equipping you to identify optimal trading sessions and execute high-probability trades, all while aligning with market bias.
This video is part of our ongoing High Probability Trading Zones playlist on YouTube. If you haven't watched the previous videos, I highly recommend doing so. They provide essential insights into identifying and acting on market bias, which Quarter Theory enhances further.
I highly recommend you watch ICT2022 Mentorship model on YouTube, it will really help you in your trading journey, the link to the mentorship is provided below.
I’ll attach the links to those videos in the description below.
Quarter Theory: Intraday Trading Mastery - Part 1 Intro:
Premium Discount Price Delivery in Institutional Trading:
ICT 2022 Mentorship: www.youtube.com
High Probability Trading Zones: www.youtube.com
Best Regards,
The_Architect
Triple Your Trade Accuracy with This Simple Trick Like a PROGood Morning Tradingview,
Apologies for the delay in my recent posts over the past two days. Unfortunately, this was due to an oversight on my part. I missed a key detail in the trading platform's rules and mistakenly included my watermark on the charts. As a result, several of my posts were removed, and I was temporarily unable to post for 24 hours. I completely understand and respect the platform's guidelines, but I wanted to keep you informed and ensure you're not left wondering about my absence.
Here’s a breakdown of potential entry points and trade management based on the chart I've shared, aligned with multi-touch confirmation and The Trinity Rule. We'll focus on how to approach both the bullish and bearish scenarios with structured decision-making:
1. Bullish Scenario (Green Path):
The price currently appears to be testing a weekly trendline (third touch), which often signals a potential bullish continuation after the third touch confirms a reversal or trend continuation.
Here's how to structure the trade:
Entry Point:
Wait for a Breakout: If the price breaks and closes above the upper consolidation zone, look for a confirmed breakout with momentum. Avoid entering prematurely, as false breakouts can occur.
Confirm with Retest (Higher Probability Entry): After the breakout, wait for a potential retest of the consolidation zone or the top of the ascending wedge. A retest that holds (with rejection wicks or bullish engulfing patterns) adds confirmation for a long position.
Reduced Risk Entry: You can enter with a smaller position on the breakout and add to the position on the retest, increasing exposure as the price confirms your bias.
Stop-Loss Placement:
Place the stop-loss just below the consolidation zone or below the retested area. This level serves as your risk threshold, accounting for potential fakeouts.
If you are entering after the third touch of the trendline, the stop-loss can be placed below this key level to minimize risk.
Take-Profit Targets:
First Target: Aim for the next key resistance zone at around 2,576 based on historical price action.
Second Target: If momentum is strong, hold a portion of the trade for a larger move toward 2,592 (upper resistance). Trail the stop as price continues to move upward.
2. Bearish Scenario (Yellow Path):
If the price fails to break above the current consolidation and rejects the trendline, it indicates a potential bearish reversal. The descending path might target the 1-hour liquidity zone around 2,541, where you can expect the price to react.
Entry Point:
Breakout of Consolidation: If the price breaks below the consolidation, this signals a bearish continuation. Enter on a confirmed breakout, with a strong bearish candle close below support.
Aggressive Entry: You may consider entering on the third rejection at the top of the consolidation, especially if there's a clear bearish reversal pattern (e.g., shooting star or bearish engulfing).
Reduced Risk Entry: Wait for the price to break below the consolidation and enter on a retest of the broken support, confirming the bearish momentum. This provides a lower-risk entry with better confirmation.
Stop-Loss Placement:
Above the consolidation or the most recent swing high where rejection occurred, giving enough room for market fluctuations. Ensure that the stop isn’t too tight, as you could get caught in price noise.
Take-Profit Targets:
First Target: The 15-minute liquidity zone around 2,560 is a reasonable first target, where you may partially close your position.
Final Target: The key 1-hour liquidity zone at 2,541 is the more substantial target for a full bearish continuation. Be mindful of how price reacts near this zone; you may want to take profits before a reversal happens.
Management Tips:
Scaling In and Out: Whether bullish or bearish, consider splitting your position into smaller entries. This allows you to enter part of the trade with confirmation and add more as price action continues in your favor.
Use of Flags for Re-entries: After the initial breakout in either direction, look for flags or continuation patterns to re-enter the trade or add to an existing position. For example, after a bullish breakout, wait for a flag and enter on the next wave up.
Regular Monitoring and Adjustments: As the price moves in your favor, trail your stop-loss to lock in profits. This is especially important during strong momentum moves to avoid giving back profits to the market.
Psychological Considerations:
Avoid FOMO: Don’t rush into trades if you're unsure about the breakout or failure of a level. Let the price action confirm your bias.
Avoid Overtrading: Stick to your Rule of Three guidelines. Ensure at least three confirming factors align with your analysis before entering.
The key to starting a trade is support and resistance points
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As you study candles, you will learn about trend reversal sections.
Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture.
Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear.
The same goes for other studies related to charts.
-
As you study candles, you will find that what you have studied appears in the sections where candles are gathered.
These areas are drawn as horizontal lines to indicate support and resistance points.
However, objective information is needed to conduct trading on the horizontal lines drawn like this.
Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them.
Be careful because your psychological state will interfere with analyzing the chart.
-
The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart.
The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps.
(Heikin Ashi chart)
(Renko chart)
Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points.
-
You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points.
Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points.
If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections.
However, since the Renko chart changes the price in blocks, it is difficult to trade at this point.
Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade.
-
To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time.
The horizontal line connected to the current candle position plays the role of the current support and resistance point.
And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle.
-
The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart.
However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts.
And, the order of charts with strong support and resistance is 1M > 1W > 1D charts.
-
When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed.
You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading.
----------------------------------------------------------------
The above content corresponds to the method of finding support and resistance points included in general chart-related books.
Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points.
-
Even if you trade with the support and resistance points above, it will not work well when you actually trade.
This is because you are not familiar with the most important trading strategy in trading.
In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators.
However, it is very difficult to create a trading strategy that fits your investment style from the beginning.
So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart.
In order to trade, you need to decide on the following three things:
1. Investment period
2. Investment size
3. Trading method and profit realization method
The above three things must be determined.
No. 1 and 2 are determined according to your investment style.
Therefore, it is recommended not to change No. 1 and 2 after you start trading.
3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined.
In addition, the profit realization method can be determined according to the investment period.
The profit realization method is:
1. How to get cash profit
2. How to increase the coin (token) corresponding to the profit
There are methods 1 and 2 above.
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In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction.
If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases.
To prevent this, it does not matter if you use the indicator added to the HA-MS indicator.
The reason is because it is objective information.
You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information.
-
Have a good time.
Thank you.
--------------------------------------------------
Basic example of starting a trade
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This is an example of starting a trade, explaining that you should objectively define the basics that are right for you.
Therefore, I hope that this will be an opportunity to reexamine your trading judgment criteria rather than judging it as right or wrong.
-----------------------------------------
It is showing a downward trend without breaking through the sell line of the superTrend indicator.
Accordingly, the key is whether it can receive support near the M-Signal indicator (approximately 59953.52) on the 1W chart and rise above 60672.0-61099.25.
If not, you should check whether it is supported near the MS-Signal (M-Signal on the 1D chart).
Therefore,
1st: 59053.55
2nd: 57889.10
You should check whether it is supported near the 1st and 2nd above.
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Usually, there are many cases where you trade impulsively based on your psychological state.
To prevent this, it is good to have an objective trading method according to your investment style.
This objectification is best done at the support and resistance points drawn on the 1M, 1W, and 1D charts.
Therefore, it is good to trade based on whether it is supported near 59053.55 or 60720.0-61099.25.
However, judging whether it is supported only by sight can lead to an incorrect judgment depending on psychological factors that occur during trading, so it is good to have objective information as the basis for judgment.
It refers to indicators added to the chart as objective information.
The MS-Signal indicator is used as a trend-related indicator, which is the M-Signal indicator of the 1M, 1W, and 1D charts.
As a trading-related indicator, the HA-Low, HA-High indicators and their corresponding box sections, superTend, and volume profile are used.
As a trading-related reference auxiliary indicator, the BW indicator and StochRSI indicator are used.
-
If we explain the current movement by referring to these indicators,
- The superTrend indicator, which is passing around 60672.0-61099.25, has failed to rise above the sell line,
- It is showing a downward trend below the M-Signal indicator of the 1W chart,
- The StochRSI indicator is showing a trend of changing from an upward to a downward slope in the overbought section. However, since the StochRSI indicator has not yet fallen from the overbought zone and is not in a state where StochRSI < StochRSI EMA, it is difficult to see it as a downward turn.
Therefore, an aggressive sell (SHORT) is possible between the M-Signal indicator of the 1W chart and the 60672.0-61099.25 range.
Afterwards, when the StochRSI indicator falls from the overbought zone and becomes a state where StochRSI < StochRSI EMA, if it shows resistance near 59053.55 or the MS-Signal (M-Signal on the 1D chart) indicator, you can sell (SHORT).
If it is supported at the point mentioned above, you can buy (LONG).
However, it is recommended to check whether the state has been changed to StochRSI > StochRSI EMA.
If not, it can pretend to rise and fall right away.
-
Have a good time. Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Chart Analysis: Establishing Trading Strategies
---------------------------------
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When you start studying charts, the first thing you learn is about candles.
However, you start studying about the Open, Close, High, and Low of candles.
When you start studying about the Moving Average, you start to think that you understand the charts.
However, when you actually start trading with the Moving Average, you realize that nothing works properly.
So, you start studying other indicators.
-
The above is based on my experience. When you study various charts, you may think you know them, but when you actually start trading, you realize that they don't apply at all.
Where on earth did I go wrong?... What I learned after a long time is that I was wrong from the very beginning.
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In other words, I realized that my subsequent chart studies were not done properly because I lacked understanding of candles.
When you start studying candles, you study candles of various shapes and patterns.
At this time, you should not be too obsessed with the names of candle shapes or patterns or the conditions that occur and try to memorize them.
It is important to read it repeatedly several times until you can grasp the concept of the arrangements formed by the combination of candle shapes or patterns, that is, the support and resistance points.
Eventually, when the candle shapes or patterns are combined, you can find the volume profile section formed around it, that is, the section where trading volume occurs.
By drawing and marking the support and resistance points you find in this way on 1M, 1W, and 1D charts, you can create a trading strategy on the charts you mainly trade.
That's all the experts in chart analysis say.
In the end, everything is about looking at the combination of candles that make up the chart, finding the corresponding support and resistance points, and trading according to your trading strategy.
A trading strategy is to create a response strategy at the corresponding support and resistance points based on the three things above:
1. Investment period
2. Investment size
3. Trading method and profit realization method
However, since most books do not include trading strategies, you will only learn about the timing of trading and closing of trading using various indicators.
Because of this, there are many cases where you cannot respond to the volatility that occurs after starting trading and end up losing money.
Even so, it is difficult to specifically define the contents of trading strategies.
This is because the investment period, investment size, and trading method are different depending on the individual's investment style.
Therefore, what I can tell you is that you need to set the buy, sell, and stop loss points according to the support and resistance points obtained through chart analysis and wait for a while.
Due to price volatility, you may not touch the buy, sell, and stop loss points or may move past them.
You should learn how to create a trading strategy by modifying the way you respond to these things according to your investment style.
-
One important thing here is that you should mark the support and resistance points in advance through chart analysis before starting trading.
Otherwise, if you start trading and then mark support and resistance points, psychological factors will come into play, which will likely lead to an unexpected transaction.
Don't forget this, and you should practice marking support and resistance points in advance before starting a transaction.
Also, you should avoid analyzing charts after listening to various articles, news, or community content.
The reason is that psychological factors can come into play.
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I think trading is a response to the movement of prices that fluctuate in real time.
Therefore, waiting and determination are necessary.
If you wait too long or do not make a decision and pass it by, there is a high possibility that you will suffer losses or make little profit, so you need something to refer to when waiting or making a decision.
That is the support and resistance points I mentioned above.
-
However, support and resistance points alone do not solve everything.
Therefore, you should add trend lines and various indicators to ask for a method of responding to price fluctuations.
However, since the trend line is formed by a diagonal line, there is a lack of countermeasure strategies using the trend line.
Therefore, the trend line is used to literally find out what the current trend is.
-
Therefore, when it deviates from the trend line, the movement at the support and resistance points is checked and the corresponding response is made.
When trading with a chart consisting of the above two support and resistance points or only the trend line, there are often cases where the transaction cannot be properly conducted due to fakes or sweeps.
Therefore, in order to counter these fakes or sweeps, various indicators are added to the chart.
The most commonly used of these is the price moving average.
Even if you add the price moving average, you realize that it is a curve, just like the trend line, and is therefore not suitable for countermeasure strategies.
So, the price moving average is also used to check the trend, just like the trend line.
-
In that regard, the indicator I recommend is the StochRSI indicator.
The default settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The value of the Signal line (EMA) of the StochRSI indicator is 7.
If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a buying period.
On the other hand, if the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a selling period.
However, you should trade depending on whether there is support or resistance at the support and resistance points formed at that location.
Even if there is movement in the StochRSI indicator, it is recommended not to trade if you do not have support and resistance points drawn on the 1M, 1W, and 1D charts.
The reason is that you may feel psychologically anxious, so there is a possibility that the trade will proceed incorrectly.
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If you can trade with only what I mentioned above and make an average profit, it is because you have established a trading strategy according to your investment style.
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We need objective information to establish a trading strategy according to your investment style.
We think that this is the only way to minimize the psychological factors that arise when starting a trade.
If you can add various indicators to the chart to obtain objective information and receive support and resistance point information according to them, you can create a trading strategy according to them at any time.
To do this, we used the StochRSI, OBV, CCI, and RSI indicators to display support and resistance points on the price candle part.
And, we added the StochRSI and BW indicators as auxiliary indicators.
The StochRSI indicator added as an auxiliary indicator is not the StochRSI indicator provided by default, but an indicator with a modified formula, so you can share the chart and use it or copy and paste the TS-BW UP indicator to your own chart and use it.
There is no problem using the basic StochRSI indicator.
However, there is a slight difference from what I said, so there may be a slight problem in understanding.
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As above, since the support and resistance points of the 1M, 1W, and 1D charts are drawn on the chart to create a trading strategy, my chart is very confusing and not easy to understand when you first look at it.
And, since there are many indicators that I have not explained, it may be even more difficult to see the chart.
Therefore, to resolve the difficult parts, share the chart, hide the indicators added to the chart, and activate them one by one while looking at them, and you will be able to understand the chart.
If you share the chart, you can use it normally, so you can check the chart from various angles.
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Have a good time.
Thank you.
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The BEST Shortcut to Consistent Trades: Multi-Timeframe Magic!Here’s a **top-down analysis** of the **XAUUSD (Gold Spot)** based on the charts and liquidity zones (LQZ) , starting from the **higher timeframes** to the **lower timeframes**. This approach helps to align trade decisions with the broader market context.
1. Weekly Timeframe:
- Weekly Flag Trendline: The price is testing the upper boundary of a long-term flag pattern. This flag could be seen as a **continuation pattern** in a larger bullish market structure.
- Scenario: A breakout above this weekly flag would suggest the resumption of the broader **uptrend**, targeting significant levels around **$2,600 and higher**.
- Bearish Risk: A strong rejection from this trendline could signal a larger pullback, potentially targeting support around **$2,470** (Daily LQZ) or lower.
2. Daily Timeframe:
- Trend: The daily structure shows price building towards testing resistance at the **4-hour LQZ** of **$2,532.144**. If momentum continues, a breakout could confirm a larger bullish push.
- Daily LQZ: Located at **$2,470.804**, this is a critical support level. A break below it would signal a change in the market structure towards more bearish conditions.
3. 4-Hour Timeframe:
- **4-Hour LQZ**: Key resistance at **$2,532.144**. If this is breached, it confirms a breakout of the flag on higher timeframes, leading to a stronger bullish move. A failure to break this level could trigger a reversal back to lower support zones.
- Pattern: The current price action is consolidating near the top of the wedge, indicating indecision but with potential to resolve upwards if the breakout sustains.
4. 1-Hour Timeframe:
- Support: **1-hour LQZ** at **$2,513.704** acts as immediate support. It’s vital to monitor how price reacts around this area. A hold above this level suggests bulls remain in control.
- Entry Considerations: Watch for a clean breakout above the **weekly flag trendline** with price closing above the **4-hour LQZ** and respecting the **1-hour LQZ** during pullbacks. A break of this support may invalidate the bullish scenario, leading to downside risks.
Key Scenarios:
1. Bullish (Preferred):
- A breakout above the weekly flag pattern, supported by a breakout of the **4-hour LQZ** at **$2,532.144**, would signal a continuation of the bullish trend.
- Target higher levels around **$2,560** initially, with potential further upside towards **$2,600** if momentum remains strong.
2. Bearish (Risk Scenario):
- A failure to break the **4-hour LQZ** or a rejection at the weekly flag trendline, coupled with a break below the **1-hour LQZ** at **$2,513.704**, could lead to a move lower.
- Targets for shorts would include the **Daily LQZ** at **$2,470.804**, with further downside to **$2,420** and **$2,402** if bearish momentum builds.
Confluence Factors:
- The alignment between the **weekly flag breakout** and price respecting **lower timeframe LQZ** levels will be crucial for confirming a sustained trend.
- Conversely, any rejection and failure to hold these levels could shift bias towards downside risks.
Conclusion:
This **top-down analysis** favors a **bullish breakout**, but careful monitoring is required at critical resistance levels. Risk should be managed tightly around the **1-hour and 4-hour LQZs** to confirm trend direction.
Quarter Theory: Intraday Trading Mastery - Part 1 IntroGreetings Traders!
In today’s video, we’ll be introducing Quarter Theory Intraday Trading Mastery, a model grounded in the algorithmic nature of price delivery within the markets. We’ll explore candle anatomy and learn how to predict candle behavior on lower timeframes to capitalize on intraday trading opportunities. This model will also help us identify the optimal trading sessions and execute trades with high probability, all while effectively acting on market bias.
This video will focus primarily on the foundational content, with practical examples to follow in the next video. In the meantime, I encourage you to practice these concepts on your own to deepen your understanding.
This video is part of our ongoing High Probability Trading Zones playlist on YouTube. If you haven’t watched the previous videos in the series, I highly recommend checking them out. They provide crucial insights into identifying market bias, which Quarter Theory will help you act on effectively.
I’ll attach the links to those videos in the description below.
Premium Discount Price Delivery in Institutional Trading:
Mastering Institutional Order-Flow Price Delivery:
Quarter Theory Mastering Algorithmic Price Movements:
Mastering High Probability Trading Across All Assets:
Best Regards,
The_Architect
Why we always widen our stop loss when DAY TRADINGVery important and basic rule with Day Trading.
Always increase the stop loss when going short (sell) above the original stop loss.
Always decrease the stop loss when going long (buying) below the original set stop loss.
Reason: When the index touches the ASK or BID price (regardless of it actually trading there), it will get you out of your trade and hit your stop loss.
So, don’t be afraid to increase the distance between the entry and stop loss.
As long as the Risk to Reward stays above 1:1.5 – It’s fine.
How much do I increase the distance between the entry and the stop loss?
Notice what the spread is on the contract when you place your stop loss.
So wherever you wanted to put your stop loss originally, add the spread on top of that and that is where you would place your NEW stop loss.
Maybe 20 – 30 points is safe.
But other times it could be up to 50 points
5 Strategies for Traders in 20245 Strategies for Traders in 2024
Trading strategies are essential tools for navigating financial markets. They provide a structured approach to trading decisions, leveraging technical indicators and patterns to identify opportunities. This article explores various potentially effective trading strategies, offering insights into how traders can apply them to improve their performance and achieve their trading goals.
Understanding Different Types of Trading Strategies
Trading strategies are essential for traders aiming to navigate the financial markets with precision and discipline. These strategies provide a structured approach for varying trading styles, helping traders make informed decisions based on specific criteria and market conditions. Here are some key types of trading strategies:
- Trend Following: Traders aim to identify and get involved in trends, exploiting the trending nature of markets. Common indicators include moving averages and trendlines.
- Mean Reversion: Based on the idea that prices will revert to their mean or average level over time. Traders use indicators like Bollinger Bands and RSI to identify overbought or oversold conditions.
- Momentum: Focuses on assets that are moving strongly in one direction with high volume. Momentum traders use indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI).
- Breakout: Involves entering positions when the price breaks through a predefined level of support or resistance. Breakouts can be confirmed using volume data.
- Scalping: Aims to take advantage of small price changes over short periods. Scalpers typically rely on technical indicators like order flow data.
Types of Indicators and Patterns Used in Traders’ Strategies
In trading, various indicators and patterns are utilised to analyse market conditions and identify potential trading opportunities. These tools can be broadly categorised into several groups, each serving a specific purpose across different trading strategies.
1. Trend Indicators
Trend indicators offer a way for traders to identify a trend’s direction and strength. Some popular trend indicators include:
- Moving Averages (Simple, Exponential)
- Moving Average Convergence Divergence (MACD)
- Average Directional Index (ADX)
- Parabolic SAR
2. Momentum Indicators
Momentum indicators measure the speed or strength of price movements. They are crucial for identifying overbought or oversold conditions. Common momentum indicators include:
- Relative Strength Index (RSI)
- Stochastic Oscillator
- Rate of Change (ROC)
- Commodity Channel Index (CCI)
3. Volatility Indicators
Volatility indicators gauge the degree of price variation over time, providing insights into market turbulence. Key volatility indicators are:
- Bollinger Bands
- Average True Range (ATR)
- Keltner Channels
- Standard Deviation
4. Volume Indicators
Volume indicators analyse the trading volume to confirm the strength of a price movement or trend. Notable volume indicators include:
- On-Balance Volume (OBV)
- Chaikin Money Flow (CMF)
- Volume Weighted Average Price (VWAP)
- Accumulation/Distribution Line
5. Reversal Patterns
Reversal patterns signal potential changes in market direction, allowing traders to anticipate trend reversals. Some reversal patterns are:
- Sushi Roll Reversal
- Megaphone
- Diamond
- Three Drives
6. Continuation Patterns
Continuation patterns help traders understand whether a current trend is likely to continue. Popular continuation patterns include:
- Flags and Pennants
- Cup and Handle/Inverted Cup and Handle
- Rectangles
- Wedges
7. Candlestick Patterns
Candlestick patterns are formed by one or more candlesticks on a chart and provide insights into market sentiment. Some candlestick patterns are:
- Hook Reversal
- Kicker
- Belt Hold
- Island Reversal
These indicators and patterns form the foundation of many top trading strategies, enabling traders to analyse market behaviour and make entry decisions. Below, we’ll use some of these indicators and patterns in several different trading strategies.
Five Strategies for Traders
Now, let’s examine five trading strategies that may work if you modify them in accordance with your trading plan and common trading rules. While we’ve used the EUR/USD pair to demonstrate the examples, they can also be applied as commodity, crypto*, and stock market trading strategies.
Head over to FXOpen’s free TickTrader platform to access the indicators discussed in these strategies and more than 1,200 trading tools.
VWAP and RSI
- Volume Weighted Average Price (VWAP): An indicator that shows the average price a security has traded at throughout the day, based on both volume and price.
- Relative Strength Index (RSI): A well-known momentum indicator that gauges the magnitude and change of market movements. It also indicates overbought and oversold market conditions.
The VWAP and RSI trading method leverages mean reversion, which assumes that prices will revert to their mean value over time. This strategy may be potentially effective because it combines VWAP’s price-volume insight with RSI’s momentum analysis, providing a clear picture of potential price reversals. According to theory, it’s best used on intraday charts, typically the 5m or 15m, given the VWAP resets between trading days.
Entry
- Traders often look for RSI values above 70 (overbought) or below 30 (oversold) to indicate potential reversals.
- A short entry is typically considered when RSI crosses back below 70 and the price is above the VWAP.
- Conversely, a long entry is common when RSI crosses back above 30 and the price is below the VWAP.
- A divergence between RSI and the price can add confluence to the trade.
Stop Loss
- Stop losses are usually set beyond the recent swing high for short positions or swing low for long positions.
Take Profit
- This approach capitalises on the mean reversion principle, aiming for prices to return to their average level. Therefore, it is common for traders to take profits at the VWAP.
- However, take profits might also be placed at a suitable support or resistance level.
Breakout and Retest
The Breakout and Retest trading technique focuses on identifying horizontal ranges or consolidation phases in the market. This strategy aims to capitalise on price movements that occur after the breakout of these ranges, leveraging the potential for substantial trend formation.
Entry
- Traders observe a horizontal range or consolidation period with a directional bias in mind.
- A strong movement or candle closing beyond the range signals a breakout.
- Traders typically set a limit order at the range's high (for a bullish breakout) or low (for a bearish breakout) after the breakout occurs.
Stop Loss
- Stop losses are generally placed below the range's low for bullish breakouts or above the range's high for bearish breakouts. This risk management approach potentially helps protect against false breakouts and reversals.
- However, a trader can also place a stop loss above or below the nearest swing point, which may provide a more favourable risk/reward ratio.
Take Profit
Given that breakouts from consolidation ranges often lead to prolonged price moves, traders commonly set take-profit levels at key support or resistance levels.
Fibonacci and Stochastic
- Fibonacci Retracement: A tool used to identify potential support and resistance levels by measuring the distance between a significant high and low.
- Stochastic Oscillator: A momentum indicator comparing a security’s closing price to its price range over a specified period, typically used to identify overbought or oversold conditions.
The Fibonacci and Stochastic strategy combines Fibonacci retracement levels with the Stochastic Oscillator to identify potential price reversals in trending markets. This approach leverages key retracement levels and momentum signals, offering traders a precise method for timing entries and exits.
Entry
- Traders typically observe a new low in a bear trend or a new high in a bull trend.
- A Fibonacci retracement is then applied between the prior high and low, focusing on the 0.382, 0.5, or 0.618 levels.
- As the price approaches these levels, traders look for signs of rejection, such as candlestick patterns like a shooting star or hammer.
- Additionally, traders watch for the Stochastic Oscillator to cross back below 80 (in a bear trend) or above 20 (in a bull trend).
- When the Stochastic moves beyond these levels, an entry is sought.
Stop Loss
- Stop losses may be set just beyond the entry swing point or the next Fibonacci level.
Take Profit
- Profits might be taken at a valid support or resistance level.
Bollinger Band Squeeze and MACD
- Bollinger Bands: A volatility indicator consisting of a middle band (usually a simple moving average) and two outer bands set at standard deviations from the middle band.
- Moving Average Convergence Divergence (MACD): A momentum indicator valuable in trending markets, designed to measure the relationship between two moving averages.
The Bollinger Band Squeeze and MACD strategy combines Bollinger Bands' volatility analysis with MACD's momentum confirmation. This approach identifies potential breakouts above/below the Bollinger band following periods of low volatility, providing a robust framework for trading such events. The strategy is used in a solid trend and in the direction of the trend.
Entry
- Traders look for Bollinger Bands to constrict, indicating reduced volatility.
- The MACD is used to confirm the breakout direction. Traders typically watch for the MACD signal line to cross above the MACD line for a bullish breakout or below for a bearish breakout.
- The breakout is generally confirmed by a strong price movement in the direction of the MACD crossover.
Stop Loss
- Stop losses may be set beyond the opposite edge of the Bollinger Bands.
Take Profit
- Profits might be taken when the price closes near or beyond the opposite edge of the Bollinger Bands. This method allows traders to capitalise on the full extent of the breakout move.
Keltner Channel and RSI Momentum
- Keltner Channels (KC): A volatility-based indicator consisting of bands set around an exponential moving average, typically using a multiplier of 1.5 times the Average True Range (ATR).
The Keltner Channel and RSI Momentum strategy leverages volatility and momentum to identify potential trade opportunities. This approach focuses on price movements outside the Keltner Channel, confirmed by RSI, to signal entry points. The strategy is applied within the strong trend.
Entry
- Traders observe RSI to be above 50 but below 80 for bullish setups, indicating upward momentum without being severely overbought. For bearish setups, RSI should be below 50 but above 20.
- A decisive close outside the Keltner Channel signals a potential trade. For a bullish entry, the price should close above the upper channel, with RSI confirming by staying within the bullish range. Conversely, for a bearish entry, the price should close below the lower channel, with RSI confirming by staying within the bearish range.
Stop Loss
- Stop losses may be set beyond the midpoint of the Keltner Channel.
- Alternatively, stop losses may be placed on the other side of the channel, depending on the trader's risk tolerance.
Take Profit
- Profits may be taken at key support or resistance levels, providing logical exit points based on market structure.
- Additionally, traders might exit when the price closes beyond the opposite side of the Keltner Channel.
- Another potential exit strategy is to take profits when RSI reaches overbought (above 80) or oversold (below 20) levels, indicating potential exhaustion of the current move.
The Bottom Line
Understanding and applying different trading strategies can potentially enhance your trading performance and help you achieve your financial goals. By leveraging tools like VWAP, RSI, and Fibonacci retracements, traders can make more informed decisions. Open an FXOpen account today to access these strategies and more with a broker that supports your trading journey.
FAQs
What Is the Most Basic Trading Strategy?
The most basic trading strategy is the moving average golden and death cross strategy. This approach involves using two moving averages, typically 50-day and 200-day, to identify potential buy and sell signals. A golden cross occurs when the short-term 50-day moving average crosses above the long-term 200-day moving average, signalling a bullish market trend and a potential buying opportunity. Conversely, a death cross happens when the 50-day moving average crosses below the 200-day moving average, indicating a bearish trend and reflecting a potential selling opportunity.
What Strategy Do Most Day Traders Use?
Most day traders use momentum trading. This strategy involves identifying assets that are moving significantly in one direction on high volume. In a stock trading strategy, for instance, a day trader might buy a stock climbing strongly backed by higher-than-average volume. They might rely on technical indicators like Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) to make decisions.
How to Backtest a Trading Strategy?
To backtest a trading strategy, traders use historical data to simulate the performance of a strategy over a specified period. This involves applying the strategy's rules to past data to see how it would have performed. Traders typically use backtesting software or platforms that allow for detailed analysis and visualisation of results.
How to Create My Own Trading Strategy?
Creating a potentially successful trading strategy involves several steps. First, identify your trading goals and risk tolerance. Then, choose the market and timeframe you want to trade. Develop specific entry and exit rules using technical indicators and patterns. Finally, test your strategy using historical data to ensure its effectiveness before applying it to live trading. Also, ChatGPT provides numerous opportunities, including the creation of a trading strategy. Read our article ‘How to Use ChatGPT to Make Trading Strategies.’
*At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
How to make someone else's chart your ownHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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Sometimes, people ask how to use indicators displayed on the chart.
You can add public indicators by clicking "Indicators" and searching for indicators.
However, since not all indicators are public, you can use private indicators by sharing published ideas.
I will take the time to explain how to share them.
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In order to make someone else's chart your own, you need to share the chart from an idea published by someone else.
To do this, you must be a paid member of TradingView.
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1. Click on the idea of someone else whose chart you want to share and click "Share" near the bottom of the chart.
2. In the next window, click "Make it mine".
You can do it as above.
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However, the idea poster must have the layout of the chart "Sharing".
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Since there is a limit to the number of indicators supported depending on the paid level, it is recommended to check your paid level to see if you can use all the indicators of the chart you want to share.
I briefly looked into how to make someone else's chart mine.
-
Have a good time.
Thank you.
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Are Two Heads Better Than One? Team vs. Individual Trading█ Are Two Heads Better Than One? Team VS Individual Trading Performance
The age-old question of whether two heads are better than one finds new relevance in the world of stock trading. A comprehensive study titled "Are Two Heads Better Than One?" delves into this question by comparing the performance of individual traders and two-person teams in a simulated share-trading environment. This article explores the key findings of the study, provides actionable insights, and discusses how traders can apply these insights to enhance their trading strategies.
█ Key Findings of the Study
The research examined the trading performance of novice traders, both individuals and teams, in an electronic share-trading simulation. The results offer a nuanced understanding of how team dynamics and individual attributes impact trading outcomes.
⚪ Firstly, the study found no statistically significant difference in trading profits between teams and individual traders. While teams showed higher average profits, the variation was not substantial enough to declare teams as definitively better. Interestingly, profit volatility was more sensitive to trading activity in teams than in individuals.
⚪ Confidence emerged as a crucial factor in trading performance. Traders with higher confidence, whether trading alone or as part of a team, tended to achieve better results. However, this confidence needed to be task-specific, focusing on particular trading activities like setting bids and asks, rather than a general sense of capability.
⚪ Another significant insight was the impact of trading activity on profitability. The study revealed a negative relationship between the number of trades and profit. In simpler terms, traders who engaged in fewer transactions generally earned higher profits. This applied to both individuals and teams.
⚪ The dynamics within teams also played a role in trading performance. Teams that displayed a positive attitude towards the trading task and perceived it as less difficult performed better. Additionally, mutual respect among team members correlated with less frequent trading and, consequently, higher profits.
█ Actionable Insights for Traders
The findings of this study offer several actionable insights for traders looking to improve their performance.
⚪ Balancing Confidence with Caution
Confidence is a double-edged sword in trading. While it is essential for making decisive moves, overconfidence can lead to excessive trading, which often diminishes profits. Traders should aim to build confidence in specific trading tasks through practice and education. For instance, focusing on developing skills in setting precise bids and asks can enhance performance without falling into the trap of over-trading.
⚪ Optimizing Trading Activity
One of the most actionable insights from the study is the importance of trading less frequently. Traders should adopt a more strategic approach, focusing on the quality of trades rather than quantity. This means conducting thorough research and analysis before making a trade, and resisting the urge to engage in frequent buying and selling. Implementing rules that limit the number of trades per day or per week can help maintain this discipline.
⚪ Enhancing Team Dynamics
For those trading in teams, fostering a positive group attitude and mutual respect is crucial. Effective communication and collaboration can significantly improve trading outcomes. Teams should regularly discuss strategies and specific trades, ensuring that all members are on the same page. Moreover, teams should strive to build a cohesive unit where members respect each other's abilities, as this can lead to more deliberate and profitable trading decisions.
⚪ Training and Development
Trading firms can leverage these insights to design better training programs. Emphasizing the importance of confidence in specific tasks and the dangers of over-trading can help traders develop more effective strategies. Training should also focus on building strong team dynamics, teaching traders how to communicate effectively and collaborate efficiently.
⚪ Performance Monitoring
Traders should regularly assess their performance, paying close attention to the correlation between their trading activity and profits. Tools and metrics that measure both confidence levels and trading frequency can provide valuable feedback. This data can help traders make informed adjustments to their strategies, ensuring they stay on the path to profitability.
█ Conclusion
The study "Are Two Heads Better Than One?" offers important insights into how individuals and teams trade. Although two heads are not always better than one in terms of profits, the research shows that confidence, trading activity, and team dynamics are crucial for trading success.
To improve trading results, traders should:
Balance confidence with caution
Trade less frequently but more strategically
Strengthen team dynamics
Focus on specific training
Regularly review their performance
Whether you're new to trading or have experience, remember to prioritize quality over quantity in your trades. Build confidence in specific tasks, and if you're working in a team, create a collaborative and respectful environment. These approaches will enhance your trading performance and lead to more consistent and sustainable profits.
█ Reference
Heaney, R., Foster, F. D., Gregor, S., O'Neill, T., & Wood, R. (2010). Are two heads better than one? An experiment with novice share traders. Australian Journal of Management, 35(2), 119-143. doi:10.1177/0312896210370078.
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Disclaimer
This is an educational study for entertainment purposes only.
The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
