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HOW TO: Find the money making stocks, cryptos and FX pairsToday I'm going to be looking to something a little bit different than our normal analytics! We're going to dive into the tradingview screener! The Forex Screener specifically, but everything I do talk about does also apply to the crypto Screener and the stock Screener. What I want to explain is how I use it to find pairs, stocks and cryptos which are setting up the way I want them to, in order for me to day trade. I show how I use a range of different Bollinger bands to moving averages to overall technical aspects, like growth statistics or reaching all time highs. The Forex Screener and the tradingview tools that they offer is top of the range stuff. I recommend trying to figure out how to use them and how to utilize them to benefit you in your trading. Have a listen. Have a look yourself through the Tradingview screener and the different technical aspects in which you can change. I guarantee it'll streamline your process in finding the right pairs that you're going to choose when it comes down to day trading. I hope you enjoyed it. If you did, please leave a comment and a like. As always, have a very successful week of trading guys. Thank you.
Education
by the5erstrading
55
TRADE OPPORTUNITY – LUNAUSDT Bearish channel 1hAfter a big rise on the daily chart LUNA is looking for the bottom to continue its trend giving us a great buying opportunity. Indicators Used *Fibonacci retracement *RSI lvls *MPVR About the BEARISH CHANNEL graphic pattern Channel of a pattern where the asset loses funds but has no downtrend continuity. It shows a depletion of buying force and tends to break out to the upside reversing the trend of its timeframe. Current scenario As everyone knows, no asset goes up forever, needing to create funds to maintain its uptrend. Luna has been in a strong uptrend for months on the daily chart always looking for bottoms when the RSI on the 1h hour chart goes into oversold. Now we are forming another fund, a great opportunity for purchases. Strategy Buy at the bottom formed at 1h in oversold. Using RSI lvls we can see the buy range where the 1h chart goes into oversold and marked with the yellow box. In the middle of this region the MPVR points to a strong support range at the value of 106, which indicates an excellent entry point. The value of 106 also coincides with the Fibonacci retracement, where 0.65 at an excellent entry point called the GOLDEN LINE. Conclusion As I always divide my equity into 10 shares and position within the yellow buy range to get the best average price, however, this time I will focus more heavily on the value of 106 due to MPVP. As Alt Coins are extremely volatile I will protect myself from an unlikely, but possible flush up to 100, a strong psychological number, positioning my STOP just below. The exits I mentioned before are made partially at each strong resistance, however if the uptrend remains strong I will make a partial gain on the first resistance and I will stop making partial gains by raising my STOP at each bottom formed at 1h to try to surf the wave .
Long
by RodrigoHonorioUK
🎯 HISTORICAL EDGE - 01APR22PRO TRADER: Do you see the HISTORICAL EDGE? PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average. NEWBIE:... silence .... PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday. NEWBIE: And?! PRO TRADER: This has a significant edge for market. We backtested it since 1996!!! And we see an oportunity you can take advantage of. ⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️ This setup has occurred 28 times since 1993 ! 💎 The 1 day move has had 85% chance of being bullish 🟢 on the next day ( aka market session on 01APR) The average winner has been 2 times larger than the average loser!!
SP:SPXLong
by TintinTrading
USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF has found support after the recent breakout. So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup. Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF. Technically a good upcoming long imo. Lets see what happens! =)
Long
by Trading2ez
1
GBP/USD lilely to fall!Hey tradomaniacs, GBP/USD looks like it wants to fall after the previous fakemove above the key-resistance-zone in roder to grab liquidity. The fakeout is so far confirmed as the ex-resistance did not turn into a support-zone showing that retailers are probably getting fooled by sellers (those who buy the retracement of the breakout). The break below the trendline is also an indication for a fall, even tho we have to be carefully due to the recent fakes below it. Lets see what happens =)
Short
by Trading2ez
1
USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move. Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation. However, last spike down plus the recent breakout are a great indication for a long. As always, be carefully in this volatile market, especially ahead the ECB-Event today. Let`s see what happens! =)
Long
by Trading2ez
1
MACD Confluence is the best standalone indicator signalAfter reading Technical Analysis by Gerald Appel(inventor of MACD), I have realized the strength in the MACD's accuracy lays in using it on multiple time frames in intervals of 4-6x for each chart. To determine an entry, all 3 charts need to be crossed in the same direction. The trade is higher conviction if you have multiple crosses and also above 0 on the histogram, especially on the higher time frames. When the MACD line is above 0 it's showing strength in that particular direction until a cross shows otherwise. This example on Pfizer very easily describes this example. The 30 Minute MACD line is trending up towards 0. The 5 Minute MACD line is above 0. It's opening crossed below the signal, but it's still above 0, meaning it is hasn't crossed multiple moving averages downward yet. At 9:36am, on the 1M Chart, the MACD line has a bullish crossover up above 0. It is showing strong convergence with the 5M crossing up and the 30M going above 0. If you are scalping. You are taking MACD crosses on the 1M as entries and exits. If you are day trading. You take entries on the 1M and exits on the 5M. This example is for scalpers and day traders on the 1M/5M/30M timeframes. The same can apply for swing trading with the 15M/1H/4H. This even works with position trading(1D/1W/1M), although you may wind up getting too many signals than simply following MACD crosses on the W and M.
NYSE:PFE
by awcooks
#ES_F 2.18 Overview and Levels to WatchYesterday our downside scenario played out perfectly, what can we expect today? In the Globex session inventory got too short and we got a nice squeeze up to our 4405 level but could not break and and reach our Key level at 4424.50-4418.75 and that was our sign of weakness and that we have more inventory above us. This morning we finally broke PM support and got under our Key Support at 4378.50-4374.75. On the downside if we stay below our Key Support then that leaves us open for a test of 4362.75-4359.50, 4349.50-4345.25 and next Key Support at 4327.25-4321.50, If that gets taken out and we take out 4310-4307.25 we can see more downside to 4291.50-4286.75 and 4272-4265. To get upside we need to get back over 4378.50-4374.75 and then we can test higher levels of 4392.25-4389.75, 4405.25-4403 and 4424.50-4418.75 but right now we have inventory above and more likely be looking for the downside scenario to play out again. Trade safe!
CME_MINI:ES1!
by HollowMn
#ES Futures Thesis Trade RewievOne example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of weakness and getting under the Key support leaves the doors open for 4405.25-4403, 4392.25-4389.75 and 4378.50-4374.75 as our next level where we should see good support unless we break that and 4362.75-4345.25 level then we can see more downside. Trade entry was when we failed to get back in previous value with a stop right above and take profits at each level lower until we found buyers at our next big support.
CME_MINI:ES1!
by HollowMn