🥇 How We Use Our Strategy With Split Times. (Trading Strategy)👋 Hello, I hope everybody is having an awesome week with their trades! 😁
We here at MLT | MAJOR LEAGUE TRADER want to walk you through our time split system with the crossover strategy and the ema dots indicators. Let's take a look...
So what we will be using in this example today is USO (United States Oil Fund)
Top chart (12 Hour Timeframe)
Bottom chart (1 Day Timeframe)
All markets have trends and at the end of the day your job as a trader is to play the accumulation or the distribution zones aka turning points in the markets to ride the next trend. We use this color coordinated system to help identify when a turning point is taking place in whatever market it is that you're trading. You can apply this method to any chart timeframe. If you want to scalp the 30 min, then you would have a 30 min chart and a 15 min chart. Split the gimeframe that you are focused on playing. We use the split time for an earlier confirmation play to lead into a larger timeframe to secure that early entry for the bigger swing to confirm and play out. We also will use the split time to exit the trade when we get the sell confirmation. (Long / Short | Buy / Sell)
Now let's talk about the process...
Green represents an uptrend.
Red represents a downtrend.
When the 12 hour timeframe on top closes we will get either a green or red candle / ema dot close.
Same with the daily chart on the bottom.
Simple...
So what we look for is the early entry on the 12 hour. We want the candle to turn green, preferably a doji. (Candle that looks like a plus sign, tight price compression)
We want it to close green candle and all 3 dots below to align green with the close. If only 2 dots out of the 3 are green we do not enter! Same concept for red.
We will get the signal for a buy on the 12 hour before we do on the daily meaning that we will secure a better entry price vs just using the daily by itself.
Once you get confirmation on the 12 hour we hold that position and set a tight stoploss in case if it was to sell off. Once you take the buy you place your stoploss, diversify your funds and let it play out. If you get stopped out than you get stopped out. Take the trade and let it play out. As the 12 hour begins to close every 12 hours you will either see it start to form bigger green engulfing candles which shows buyers are pushing up the price, which is a good sign for your buy or you will start to see it shift towards going red which would obviously represent a sale or a short position.
Your job is to play the turning points in the markets and play that turning point range till you capture the next move. Markets go up and down, they don't stay sideways forever. Risk a little on stoploss in the range play and ride the next long term move. Trading is a game of probability and risk management. Even if you don't understand structure, support and Resistance or all the more advanced tools of the trade this will help make it easier on you to understand as a trader. SIMPLE IS BETTER! 👍
I have drawn vertical lines to represent where the buys and sells all lined up from the candles to the dots. Those are your opportunities to enter on the 12 hour.
Now if you look below you see that the daily actually stayed green from the very start of the first trade taken at the bottom of the trend on the 12 hour. The dots on the daily never closed red until the very top of the trend where we finally got all red to line up. That's another option to consider. You can use the split time to take more opportunities and trades for potential of trend changes. Or you can buy the first line up on the 12 hour and hold it till the daily is actually aligned red for a much larger swing trade position. If you did the second option you would of generated around 50% in gains from just one trade!
I hope this helps anybody that is struggling with trading and wants to learn how to get early trend confirmation on a specific timeframe that you want to trade. Swing trade or day trade any market with this strategy!
You can message me if you have any questions that you would like to ask. Please don't forget to smash that like button! ✌😁✌
Have a great day, Take Care! 🍻🍻🍻
🥇MLT | MAJOR LEAGUE TRADER
D-DJI
Airlines, bottlenecks and COVID-19!Have a close look at this very busy chart. There is a crisis in airline industry after COVID-19 struck. Some do not realise how serious this thing is. Expand and drag the chart a bit if everything does not fit nicely.
The airlines are connected up to many things. I could not include everything. But for basic GDP when the airlines are hit GDP and trade are hit. Of course a big part of air travel is the holiday and entertainment industries.
What his chart means really, is that a sizeable proportion of people won't be 'in the air' if they can't get a hotel or other accommodation. All that is very much linked up to ground transportation, and places of work (or entertainment).
Your leaders can 'open up the economy'. However, it'll be like wheels spinning on ice - no traction. I have to let my followers know that 'I don't rule the world'. You all need to talk to a chap who has golden hair. LOL!
I'm not flying anywhere for the next 18 months, even if I get an all expenses paid trip handed to me! Others can take their chances. The point is that lots of people may be thinking their life is more important than a holiday. Of course, if you saw protests in the UK and the USA, you would know that not everybody thinks like me.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
They have money to burn - you do NOT!FED-backed pumping or rather re-pumping of the popped bubble, has taken the DJI to unexpected levels. I think they're making the same mistake all over again.
Have a look. No predictions. I don't do predictions. Tough.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Second wave or no wave - the choice is yours! Just have a look. I present a case for probability south on the DJI (Wall Street).
Reality is catching up.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
COVID: POP! BANG!This is the latest picture for COVID-19 deaths in USA v UK. The virus has pricked the DJI'S bubble!
I don't see any plateaus or defined peaks. A peak is defined relative to a trough. No trough, or retracement means no defined peak. There is a whole lotta spin out there in lamestream media telling us that COVID has peaked. I can't see it.
The virus's pinprick caused a POP. From April 2020, it took off with a BANG! The FED believes it can fight a virus with free or easy cash. They don't seem to be winning (at this time only).
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
The #1 Question... When To Buy & Sell! (BTC)To all existing students we want to say thank-you for enrolling with Major League Trader! 😁
We are always working on developing additional studies to add to your current curriculum and we think we may of found an additional method to make the current "Crossover Strategy" even more powerful!
This will make the buy and sell opportunites even Easier to identify with less chop.
We will be adding this study to your course shortly.
Take a brief overlook of the chart of bitcoin above and notice how easy it is to find the major trend shifts.
We hope you will enjoy this addition to your study guide.
This will work with any market.
See you soon!
Happy Trading,
MLT | Major League Trader
Dow Jones 1930 Breakdown of the trend -81% Update after 25 yearsA similar situation is happening now. Then a breakthrough of the uptrend line, price fixing below the uptrend line and another -81.5% market fall. Previous highs were updated only after 25 years.
The situation on the Dow Jones now. A very similar schedule as in 1930. It is important how the price will react near the uptrend line, which will act as a support. If there is a breakdown of the uptrend line and the price consolidates below it, a very dangerous situation will arise like in 1930 and a complete collapse of the US economy. Let's hope this does not happen.
My former trading idea is an indicator. Published in April 2019.
Which gave a signal of a market reversal before its fall.
The relationship of the Dow Jones and the Fed% rate We are ahead of the financial crisis.
COVID-19 ATTACK, Fake news and the DJI (Wall Street)I present Tradingview data on COVID-19 infection rates and death rates in the USA - and compare those with the DJI (Wall Street).
Contrary to what we've been told by our leaders and mainstream media, there is no plateauing of infections or deaths in the USA.
NOBODY can say that the virus has peaked. The virus is charging north on exponential curves. Most of it's attack was in April 2020.
This bug is just getting started.
The chart shows the FED's QE infinity approach and how it has been failing.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
They're all blaming the meltdown on the virus...Looking at the numbers, if the establishment - and this includes Trump - are right, stocks should have gone down 9500% in 1918.
Now everything is shutdown so earnings will go down you might argue. During the spanish flu many american and euopean cities were in shutdown, businesses were closed, I don't have the exact numbers but I know many of the largest cities shutdown. Oh and most deaths weren't old and sick people, the majority of deaths occured in the 15-40 years old range, workers. Masks were mandatory in alot of places. Public gatherings were banned... Looks pretty similar...
A difference: Walks and breaths of fresh air were also encouraged to help stave off infection.
1 quarter of the planet getting sick and tens of millions dying is a big deal.
Every time they find some news to use as scapegoat, AFTER a move, always, they find something, some reason for the price going up or down.
It's hilarous.
They bring these economists on tv that are wrong all the time, and look at the news to make explanations, they make those risible arguments.
I could not be on tv because I'd crack up, how do people not see this? They always come up with made up random reasons for something, and so why didn't those reason have the same result other times? They're like BTC mouth breathers that were calling for new highs when the "big institutional futures are launched" which was of course the top so at least it had some impact.
The funniest one was consensus "last consensus it went up" after the previous consensus the price went up and noobs self proclaimed experts just went "duh well happened at the same time duh must be a consequence" of course I made fun of that call and told everyone it would be a flop, was ignored mostly, insulted a bit, made fun of. Aaaaand I was absolutely right as usual ;)
It's not exactly the same thing (not looking for a reason but expecting something) but reminds me of the mighty bakkt bull market LOL I told the bagholders it would fall shortly after the launch... "You have no clue what you are talking about if you actually think the price will fall" they used magnet logic I don't even remember the ridiculous claims the baggies were making, they sure were persuaded of being right thought and sure were many of them:
Now they are expecting a big reaction to "The Halving™", my prediction is a big reaction when the price Halving happens. Going to be right as usual. Last 2 halvings the price went up and they randomly decided the halvings were the reason because magnet logic. And again "you have no clue how this works it's impossible for the price to not go up" and "put your money where your mouth is" and magnets.
There was 1 thing missing in this everything bubble, 2018 was too early for the crash, and we now have had this 1 missing thing: The retail euphoria phase.
Wasn't that violent, but a bit, with all the robinbros, and the "keep buying it will always go up if you bought 20 years ago you made 20% averaged" dogma.
You have to be a skeptic to make money. And have common sense. So much more than others. So much more that it's impossible to find on the internet a list of stupid claims by tv to explain stock market moves.
Have to learn this on your own.
What is certain is economists and tv shows and journals and every one have absolutely no clue on anything, their odds of being right about what fundamentals drive a market are the same as if we'd ask a monkey, their top and bottom calls are more wrong than a monkey throwing darts at a target, they are super bad super wrong and nothing they say should be taken seriously.
Incompetent dum dums wrong about everything all the time have power over our lives so that part isn't very funny, but smart people can play around it, deal with it.
The ponzi is bursting from everywhere and they can't find enough duck tape to close all the holes. I will laugh hysterically when they try to blame everything on the Coronavirus. I will start crying when I see dumb money and other random stupid people believe it all.
I want to add:
There is no place in this business for people that do not want to spend daily hours reading & accumulating a ton of info and sorting throught it.
CNBC is the answer to all the lazy people that want to shortcut the path to success. THERE IS NO SHORTCUT TO SUCCESS.
The only shortcut is the shortcut to failure.
It is not hard to make it without critical sense and without spending time reading analysing and memorising, it is IMPOSSIBLE.
It cannot be done at all. Non negociable, it is 100% absolutely impossible (unless you have insider info or a crystal ball).
GET READY: A big fortnight ahead!This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks.
The tension has caused whipsaws in the US Dollar, and price of Gold. The IMF has declared a global recession and several countries have gone into recession.
Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle.
I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view.
Last week extreme volatility took a break compared to the previous week. The next 2 weeks could see a return of volatility to indices and forex markets.
Stay safe, fellow traders.
Back to the past - 2008 - is this our future?In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020.
This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities).
This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable.
Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions.
Do NOT be influenced to make trading decisions based on this post. You have been told.
BitcoinSymbol: BTCUSD
Here is another tool that we have to share with you.
Long green dot and short red dot.
Find more details about it in our scripts on our trading page.
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Want to level up your trading skills?
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Also checkout our trading indicator available in the link on our page.
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Thank you for your continued support, God bless.
- Major League Trader
WALL STREET (DJI)- VIRAL WINTER IS UPON US! 😨I issue a stern warning to permabulls who are on DJI! Your time is over.
The chart shows possible further break down of price.
For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to:
1. lockdowns of consumers across the whole world,
2. restricted transportation,
3. serious interruption of supply chains,
The economic impact is severe. Travel and leisure industries have been hit hard. Airlines are about to go bankrupt, automobiles sales have been damaged, there is significantly lower demand for energy (oil, gas), medical equipment and supplies for hospitals have been affected. Food supplies are running low.
The COVID-19 is has effected a VIRAL WINTER upon the whole planet. This is analogous to a 'nuclear winter' (without radiation fallout of course).
The world is 'freezing up'. It will take a long time to unfreeze. Economies of many countries are being severely damaged.
The Federal Reserve in the USA and umpteen central banks have coordinated to make monetary and fiscal interventions; throwing trillions of dollars at 'the viral effects'. This will not unfreeze the supply-demand conundrum. It simply cannot. How? Because the problem relies on real people and movement of goods, services and international trade. The USA-China trade deal is basically on hold.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Learn These Strategies to Day Trade Against The Market!!!Key things to take away from this:
TD9 is still giving a bear market state.
Day traders can sell any selling opportunities if they think the bear is on.
Any selling opportunity will most likely to work out.
Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity.
Take it easy team.
See you on the next one.
~Bo Bugra
POP! GAME OVER! 🤐😉The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that!
When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back into the balloon but I can't see this re-inflating to health any time soon. I apologise to the bulls.
Investors, do not panic, relax, and hang in thereThis might be it.
I've seen a video recently "A Guided Meditation for When the Stock Market Is Dropping"
Loved it. A video to help reassure and relax bagholders.
"The market always goes up over time" I keep hearing this over and over and over.
It is so absurd, so stupid, but every one keeps repeating it.
Complacency much?
All these investors need a harsh lesson.
"Last time they said" "Bears are wrong".
"Just do nothing" "Market drops it is perfectly natural".
Except the stock market has spent more than a century in a range at once in the past, and it is only 500 years old.
Going to be great to see the paradigm of "blindly invest 100 bucks a month since you are young and you will be a millionaire with no effort by 50" crash its face on the ground.
"Zoom out" "Always go up". Hehehe let's see where those people are when the SnP goes 3 digits.
I have had this idea for a while, and was thinking the dow would top 27000 to 33000 then the big crash would happen.
Price to Earnings, Price to GDP, Revenues, What revenues should be, inflation, rational measurements.
They all say it is way time to go down.
Emotional and dreaming people think "price go up forever dis just noise", especially boomers. They have only known a bull market maybe?
Well bubbles have to pop and nothing "goes up magically forever with 0 effort 0 risk not even having the patience to wait for cheap prices"
Does this really make sense? Getting rewarded for absolutely nothing...
Would have been nice if friday the 13 would have had a huge crash but probably recovers for now awww.
People especially in europe terrified of covid-19 coronavirus when it's been declining and almost no new cases now in asia, and this clown of a french president said yesterday "it has just begun" and "it is accelerating at an alarming rate so we are shuting down the country no school work from home non urgent patients are cancelled and so on".
The irrationals will lose money, the rationals will make money.
US democrats hate Trump so much they will do everything they can to help this market go down, they LOVE the price falling like this.
So the woke US irrationals are the ones to want the world stocks to go down down down down, pretty neat.
And boomers are going to be so desperate after losing their retirement, they'll be tempted to vote for free stuff dems in 2024.
Which will mean more bear YEEEEEESSSSS!
I wonder who will be the 2024 dem nominee? Tulsi Gabard is being ignored, probably because she is moderate and won't bow down and pro freedom at least partially.
They want a wahman do'nt they so this would be nice... Or an 80+ yo bernie? xd Or some other complete nutcase... Or salamander IQ AOC?
They are scary, if a complete nut gets the power to ruin the country the bear will extend a bit too much.
All is setting up for a mighty mighty bear cycle, and these "infinite free money no effort just buy and hold" are going to learn the most brutal lesson.
I love it!
Keep moneyz to buy cheapy stonks when they drop 80%
FED probably going to print more and more magical money because this works so well, if they keep doing that there will be a revolution of the poor eventually and the result will simply be even worse.
Bear Power!
What's A Bear Market? Most Define It As a 20% DrawdownThis chart shows the Dow Jones Industrial Average after today's sell-off. In this published idea, we want to take a second to write about bear markets and what they mean.
In the media, bear markets are officially defined as a 20% drawdown from a prior peak. Today, the Dow Jones Industrial Average closed down 20% from its prior peak. Technically, this means the market is officially in a bear market. There are some interesting stats, however, that show this definition has its flaws. For example, since the 1940s, the stock markets has dropped 20% or more 16 times and only 7 of those have turned into recessions. Sometimes, a 20% drawdown is just that... a 20% drawdown without a prolonged bear market that eventually leads to a full on recession.
This post is not making any assumptions or directional predictions. Instead, we wanted to share a chart with everyone showing the official 20% drawdown in the Dow Jones Industrial Average while also providing more context about market panics and crashes.
Thanks for reading and press Like if you enjoyed this or leave a comment with your thoughts.
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
The trouble in Chinatown!There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe.
The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really.
I'll say no more here - follow some of the price action with me on the 4H.