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How to make quick 40 pips in USDJPYSince the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market. And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today. If you want to participate you can enter to my group trough the link in my bio. For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY: 1. The ISM came better than expected with 52.7 vs. 52.1 consensus. -> go long USDJPY immediately 2. Algos drove USDJPY higher for 40 pips 3. Take profit immediately when the first impulse of the move weakens. 4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus) 5. USDJPY falls all the way back again I made easy peasy 40 pips and so can you next time.
Long
by PrimeTrading
Risk:Reward Ratio. What is it?Risk to reward ratio. What is it? What does it mean and how do we use it? Now, if you made it to the point where you're here on TradingView, there's a good chance that you have heard about Risk to Reward ratio. Today, I want to dive into what it really means and how to actually utilize it. I see so many beginners missing out on huge profits and opportunities because of their risk reward ratio and I want to share my knowledge of this tool and how to actually use it in the future. Firstly, let's dive into what is the risk/reward ratio? The RR ratio is a tool that can accurately predict by expected returns based off of previous results. This tool measures how much reward you are estimated to gain based off of the dollar amount you risk. For example, if you have a risk to reward ratio of 1:3, it means for every $1 you risk, you will gain a return of $3 in the event of a positive trade. Using the same example in the FX market, let's say you're risking 10 pips on EURUSD, your take profit is at 30 pips. This means you gain 30 pips in the event of a win, lose 10 pips in the event of a loss, giving you a 1:3 risk/reward ratio. This is a very powerful tool because compared with the win rate and in correlation, you can actually predict based off of your previous results, you're expected returns on investment. Being able to predict what you're expected returns are are great way of giving you milestone targets, but also when you're looking at getting funded with prop firms, you also know what you are actually able to achieve in what time frame. Now, it goes without saying, the higher your risk to reward ratio, the less you need to win in order to maintain profitability. The opposite, the lower your risk reward ratio, the higher win rate is required to maintain profitability. But this is where we get into where I find beginners struggle. A lot of people will base their strategies on their risk/reward ratios, which is understandable if you're building the strategy from scratch. If you're using a prebuilt strategy or something that doesn't really correlate with risk/reward ratio. Then it makes it obsolete and just confusing. Going back to my first point, risk to reward ratio is a tool that you can use to estimate future potential returns based off of previous results. Let's say you have 100 trades worth of data. You can accurately have a look at what is your risk to reward ratio is and compare that with your win rate. From there you can make a decision whether or not that is a profitable strategy. On top of that, you can then start to look to improve either your win rate and risk to reward ratio, knowing that that is an area that needs improvement. When it comes to improving your risk to reward ratio, one thing that always grinds my gears with traders, is when they enter a trade, they'll set their stop loss and take profits based on their risk to reward ratio not based on the actual analytics of the trade. While I understand this and with some strategies, this can work. For most, they end up setting those take profits in areas that is just realistically is going to be really hard for the price to get to. What professionals do when trying to improve the risks of reward ratio is only take those setups where a good take profit is viable around that level of risk to reward. For example, in this chart, we are looking at buying the USDCAD over the next couple of weeks. We like this setup. We've had our entry signal and we're going to place a stop loss below that recent low, which was created early last week. We are not happy with our risk to reward ratio. We think we're leaving too much profit on the table and want to increase our overall results. So I'm only taking trades that have close to a three to one risk to reward ratio. But as you can see by this chart that dotted lines are areas of resistance which we are going to have to break in order to achieve that level of profitability. There are 5 different zones we are going to have to get through in order for my take profit to be hit, it is fair to say the odds are not in my favor. Now a beginner Trader will still enter this trade with the same take profit and the same stop loss and just hold on. The reason they'll do that is because they want the 1:3 risk reward ratio. They don't care where the profit target is. What matters is it is 3 times worth what they're risking. On the other hand, A professional trader will actually either let this trade go and not enter it, or look for another entry point later on on smaller timeframes to where you can fit that risk to reward ratio and you're not going to hit the high levels of resistance. To sum up what my point is, risk to reward ratio is a very powerful tool to understand what you are capable of the trader and also where you can improve. It is not a valid take profit selection strategy. Yes, it can definitely help with guidelines on where to set your take profit, but it should not be the sole reason your take profit is set at a certain price just because it is X amount whatever you are risking. Have a look at what the chart is telling you and what your analysis is telling you. Then, only take the trades which coincide with the risk to reward ratio. You want to achieve. I hope you enjoyed this insight and I hope it was beneficial to you. I recommend highly diving into your previous trading data. Have a look at your win rate. Have a look at your risk reward ratio and understand what your profitability expectation really is and base your future decisions off of that data. Have a fantastic trading we can I look forward to seeing your comments. - Jordon
FOREXCOM:XAUUSDEducation
by the5erstrading
5
DOW JONES WILL GO ABOVE 31800dow jones at 1 hr time frame looking bullish setup as per fixed range volume profile maay attemp above 31250 towards 32500 and that journy may trigger todayy evening with u.s. gdp data will come so if anything positive out come is coming then big rally will come and it may trigger our market expiry trending as well. its just a view and probablity so thats why we took this 33600 ce as btst if their is any chanses for gapup and shortcovering we will in that trend early with small risk as 12k is whole risk for just 4 lots lets see. DOWJONES SKILLING:DJ30
SKILLING:US30Long
by lonewolfcommunity
109% Mapped Short-Term For Streamr DatacoinHello my fellow cryptocurrency trader, another beautiful day today. Looking at Streamr Datacoin, one of the many low market capitalization altcoins, we have some interesting signals. While the big market capitalization altcoins printed a lower low after 12-May, the smaller ones are printing higher lows... Giving us a very important and revealing signals. It will all grow. We have an ascending triangle, bullish RSI with a break above EMA50. These are the signals, the rest is on the chart. Namaste.
Long
by MasterAnanda
1
Must Watch For TradingView Futures Traders!OKay, this video idea is neither Analysis or a Tutorial. So "I won't be mad if my idea is hidden," but hopefully you catch it first, or it sneaks through uncensored, since it is super valuable for any, and all, TradingView users that trade futures, want to learn to trade futures, need access to real time futures data, and like the TradingView supported broker Tradovate. Links to the firm mentioned and details are in the links below the video idea. DM me with questions.
CME_MINI:MESM2022
by RodCasilli
121 XRP Shifted by Anon AddressPopular Whale Alert service that tracks big transfers of crypto has spread the word about a staggering 121 million XRP coins shifted over the last 16 hours in two transactions. In the meantime, the top 10 cryptocurrencies, including the sixth-ranked XRP, are drifting in the red. Anon wallets and top exchanges move 121 million XRP Two large XRP lumps have been moved in the past 16 hours, according to data provided by Whale Alert on their Twitter page: 85,000,000 XRP and 36,129,600 XRP.
BITSTAMP:XRPUSDLong
by lorpinpcrosce
3
🉑DATA- 2022 New perspective feat. double bottom divergencesThe price reached strong support, left is previous trend forming a potential double bottom there (confirmation after breaking above >0.10$) Multiple bullish divergences can be spotted on various indicators => (RSI,MFI,OBV) The divergence on OBV is insane. - The chart with longer price history from Bitfinex BITFINEX:DATUSD (different ticker) looks ok (the price is at last point of dynamic support) - BINANCE:DATABTC pair is at support in a rising channel The whole 2021-2022 price action could be treated as one big accumulation <= this remains valid as long as the price hold above 0.07$ (red area) Also the good thing is that even if I'm wrong, stop loss can be placed very close(less than 10%) which means that risk:reward ratio here is extremally attractive. Will post updates whenever I feel like it's needed.
Long
by V0VOLAN
1
Solana TVL and price drop 50%+ from ATHSOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful. 2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana's (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date. Solana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL tokens in circulation. Multiple reasons can be identified for the underperformance, including four network outages in late 2021 and early 2022. The latest incident on Jan. 7 was attributed to a distributed denial-of-service (DDoS) attack, causing Solana Lab developers to update the code and consequently reject these types of requests. However, investors are more concerned about the centralization caused by the costs of being a Solana validator. To achieve 400 millisecond block times, the recommended hardware includes a 12 core 2.8GHz CPU, 256 GB memory, high-speed 1 TB SSD drives and a low-latency internet connection. Solana's primary decentralized application metric started to display weakness earlier in November after the network's total value locked (TVL) began to linger at $15 billion. The chart above shows how Solana's decentralized application (DApp) deposits saw a 50% decrease in three months as the indicator reached its lowest level since Sept. 8. As a comparison, Fantom's TVL currently stands at $9.5 billion after doubling in three months. Another DApp scaling solution competitor, Terra (LUNA), saw an 87% TVL hike to $23.2 billion. On the bright side, on Feb. 21, FTX.US, the American arm of the global crypto derivative and spot exchange FTX, announced a new blockchain gaming unit. It is also worth noting that Solana Ventures partnered with FTX and Lightspeed Venture on Nov. 5 to launch a $100 million fund dedicated to the sector. To confirm whether this drop in TVL should be concerning, one should analyze DApp usage metrics. Some DApps are not financially intensive, so the value deposited is irrelevant. As shown by DappRadar data, on Jan. 28 the number of Solana network addresses interacting with decentralized applications dropped by 18% on average. The only positive change was Solend, an algorithmic lending protocol. The decreased interest in Solana DApps was also reflected in its futures open interest, which peaked at $2 billion on Nov. 6 and was recently hit with a steep correction. The gaming sector could be a surprise factor Even though Solana has been hit the hardest compared to similar smart contract platforms, there is solid network use on non-fungible tokens (NFT) marketplaces, as measured by Magic Eden's 178,820 active addresses in the last 30 days. Moreover, Solana Ventures' bet on the gaming sector could further showcase the network’s processing capacity. For instance, games represent half of the top 10 DApps across every blockchain covered by DappRadar. That includes Splinterlands, which has 578,280 active addresses and Alien Worlds which has 544,900. The above data suggests that Solana is losing ground versus competing chains, but holders are not concerned because 74% of the coins are still locked in staking. As long as Solana Labs' partnerships and investments continue to show potential, there is little reason to be bearish on SOL. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
BITSTAMP:BTCUSD
by monicaagrizzi9
2
FB/META under $200 will be a stealIf FB/Meta gets under $200 again in the next week and maintains trend along with hitting support around $194-$192 If you believe in VR and the metaverse, here is your chance because I don't think we see these prices again. First, you don't want to invest in facebook, for social media. You want to invest in Meta because of data collection. Facebook built networks and collected data world wide, and I can only imagine what the data they've been collecting on VR will be worth to other companies. I'd definitely recommend watching Mark Zuckerberg talk about the metaverse on Lex Fridman, if you want to learn more.
NASDAQ:METALong
by nicktussing77
Teller raises $6.9 millionThe Teller Protocol is similar to that of a limit order book, which enables borrowers to use data outside of a blockchain (off-chain data) with loan requests on a blockchain or on-chain. Based on the data provided or required, lenders and borrowers that have matching bids and asks transact directly. According to Teller's announcement, those requesting to borrow assets propose a loan request, and those supplying assets commit those assets to loan requests of their choosing. "Unsecured lending is a thorny problem in the pseudonymous on-chain world and one of the largest opportunities for DeFi," said Bart Stephens, co-founder and managing partner of Blockchain Capital. "The Teller Protocol enables traditional and crypto native lenders to use the best credit scoring techniques possible while preserving privacy and tapping into decentralized liquidity pools." According to Teller, DeFi protocols today account for more than $200 billion in total value locked, mainly from overcollateralized lending and trading applications. Teller is convinced that the undercollateralized market is becoming the next sector of DeFi. Institutional lenders and capital providers using the Teller Protocol will have the opportunity to create their own automated data-driven criteria for committing assets to lend based on rules and filtered by borrower request information. Teller hopes this new layer of DeFi will broaden the appeal of DeFi in global capital markets.
Long
by sparibancreat