Strategy, Support, Resistance - 4/17/2022 - Crypto, StocksThis week we look at stocks, cryptocurrencies, commodities, and stocks making moves. The stock market looks to be inside a bear trend coming off the late March rally. I am looking for a spike up on VIX to mark the next stock market swing bottom. Cryptocurrencies have almost all given up their recent March rallies with Ethereum holding its ground for now. Oil is on its way back up to 112. Gold and silver are showing signs of trying to retest the recent failed breakout high but may just be marking a new consolidation. Tech stocks are giving up the resurgence and value stocks continue to be winners.
Community ideas
LET'S GET REAL: Stop Strategy Jumping!Hey Traders,
This one is going to be a little bit different, a little bit deeper and a little bit harder to listen to rather than usual technical analysis. I recommend you sit down and listen to this. Have a think whether it relates to you or whether you found yourself in this position, or even if you've gone through this position and share your experience on how you go through it. A lot of traders struggle with their strategy, jumping from aspects of trading and that's why so many educators out there make a lot of money off of them. It is time to stop.
In this video I outlay a challenge that I put to all the traders who may find themselves in this position to sit down and to thoroughly test their current or previous strategies and understand them on a deeper level. No more jumping around, no more looking outwards. Let's start looking inwards. Let's see the data that we have handed to us and what we can do to improve that data.
If you enjoyed this video, please leave a comment. Leave a like, if we do get enough likes and comments, I will make a Part 2 on how to go about this with a more depth avenue while using different resources.
As always, have a fantastic training week.
How I Trade A 2-Way Market In The E-mini S&P 500 FuturesI see a lot of talk on whether the S&P is in a bull or bear market and IMHO, neither the bulls or the bears have control right now. I think this is a 2-way tape frustrating a lot of bulls and bears. In this video I share my simple process for assessing how we are in a 2-way market, not a bull or bear market and how I am using Anchored VWAP's to keep me out of trading the middle and keep me trading the edges. As of right now I am looking at 4375 to get tested in the coming day(s) where I will look to establish a long position. If that holds I will look for a retest of 4444.50 and potentially a rally up to 4526. A daily close below 4375 I would be out of my longs and then I think that the bears have a chance to take control of the market.
Past performance is not indicative of future results. Derivatives trading is not suitable for all investors.
XAUUSD Overall Bullish
Good Afternoon traders we are looking for the massive pennant formation to continue to the upside.
Will be looking to add additional positions around g 1940-1942, looking for gold to move into the 60's and potentially the 80's depending on how we see it react once reaching 1960.
As always trade proper RR live to trade another day. Let's make some money guys.
Thank you for watching.
Making A Signal In Tradingview Pinescript In Under 20 MinutesHave you ever wanted to combine two technical analysis indicators into a single signal to find your own way of making profit? This video is a tutorial where I take two stock Tradingview Pinescript indicators and combine them into a signal that makes it easier for the user to spot with their eyes when an even occurs on a chart. By following along I hope the viewer can learn the basic process of repeating this for their own research!
How I Use Anchored VWAP's To Trade Nasdaq FuturesRight now the Nasdaq is at a very important area on my charts. We just came off another failed attempt of regaining the 200 Day Moving Average and now we are back to the VWAP from the opening day of the year and the VWAP from the low of the year. Both VWAP's are trading right around 14,550. I think that VWAP's from the open of the year and the low of the year are one of the best tools to test the trend of a market. Since we just failed at the 200 day MA, but we are still a good distance from the lows of the year, these VWAP's are going to be my key pivots for the next move in Nasdaq. I also use my Indicator, Beacon (which is free and open source on TradingView) along with Bollinger Bands to show you in this quick video how I will be trading E-mini Nasdaq & Micro E-mini Nasdaq Futures and Options in the coming days.
Past performance is not indicative of future results. Derivates trading is not suitable for all investors.
How To Become A Profitable Trader: Part 1Hey guys! Today, I'm launching a video series about how to actually make money in the markets. This is the first video.
At this point, it's a cliche, but I'll say it anyway: The first step to making money is not losing money.
So many people lose money by committing unenforced errors. This video is simply about helping people see the obvious mistakes they are making, from the perspective of a professional trader who's been at this for 6+ years.
One note: when talking about leverage, obviously with FX you may want to use some leverage because the %ATR is so low. But keep it under 10x.
In the following videos, I will touch on:
- How to understand trading any market on any timeframe
- The basics of how to make a trade decision
- Simple strategies I know work, and have seen work over a long period of time
Hopefully you find this useful. LMK in a comment!
-AW
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.
HODL Gamestop if you want to stay poor!How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term.
Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out.
All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate.
#winning #gme #gamestop
Why is Decentraland the Metaverse of Choice for Businesses?The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style gambling games that are playable directly on the metaverse.
In a way it's not surprising -- if you've been on Decentraland lately you might have noticed something: the majority of traffic on the platform right now is clustered near two types of locations -- play-to-earn games (Wunderland, etc.) and casinos run by organizations like Decentral Games. DG is a coin that went all-in on Decentraland's future -- it named itself after the platform it built itself on, even. We've heard many well-known companies jumping into the metaverse but Decentraland seems to be metaverse of choice above all others. Why?
After looking into the details of the more popular metaverse projects (Decentraland, The Sandbox, Cryptovoxels, Somnium Space...even platforms like Roblox or Meta) the one thing that makes MANA stand out is the fact that it's the most decentralized platform out of all of its competitors, and its governed by its own DAO in a transparent way.
governance.decentraland.org
While there may be many who might oppose DG on principle (taking an anti-gambling stance), DG coin is, too, run by a DAO as well.
decentral.games
We may not see the influx of money going into MANA until the next fiscal year, but the fact that the big companies (including JP Morgan who recently opened its "Onyx Lounge" in Decentraland recently) are going there is easily noticeable -- why? Companies that are planning on operating businesses inside the metaverse seek a platform that maintains its neutrality and largely stays out of its way. The other projects are all run by companies or teams with centralized control in the background - for businesses that have done its due-diligence, a truly decentralized platform is the only option that makes any sort of sense.
Following the lead of DG, a lot of companies are hoping to create commerce layers on top of Decentraland to drive more traffic to its worlds, long-term. In a way, these trends is a validation of the decentralized model, since it encourages other projects to follow the success of the DAO model as a whole. Projects that are currently centralized may find itself being left behind long-term, as the partnerships and resources required to make Web3 models work migrate towards better (neutral) waters as a whole.
Why VXX exploded and what it means for volatility (VIX)One of the big market events today is the explosion in price of AMEX:VXX which according to the issuer Barclays has nothing to do with Ukraine or market events. I think it is tangentially related in some way to the market conditions but what does this actually mean for the near future of volatility? I look at TVC:VIX as a measure of the "fear index" of the S&P500. The VIX can be very useful in timing market tops and bottoms as it represents maximums of emotion. The VIX is telling us something about the current lows of the market and how the recent correction might soon be over.
How I Use Auto Anchored VWAP To Trade GoldGold has been one of the most bullish markets on my charts this year until the past couple of sessions...I have now turned bearish Gold looking for a test of 1913 in the coming sessions. In this video I explain why I have now turned bearish Gold and more importantly I share my process for trading Gold Futures using the following indicators; TradingView's new Auto Anchored VWAP, Bollinger Bands and my Beacon Indicator. I also go over what levels will turn me bullish again in Gold and why I believe Gold Futures and Micro Gold Futures are the best products to use for trading the price action in Gold.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
How To: Find Oil and Gas Stocks on the MoveThis video is more about how to use the TradingView Screener to find stocks in industries you might be interested in investing in, and this example is just looking at Gas and Oil where a lot of the action is at the moment with possible shortages not only in Europe, but potentially all around the world if things continue the way they are.
165k BITCOIN Prediction Too CONSERVATIVE?!Happy Monday Everyone! 😃
The title says it all, I'm going over my very controversial chart from yesterday where I predicted a 165k top for BTC .
I will post an updated more detailed version of the chart in the coming days.
Please make sure to check out my other posts too if you liked this one!
And finally a massive THANK YOU to all of you new followers and THANK YOU to @TradingView for publishing my post on to the front page of the website! 🙏🚀😃📈
I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
Oil rising be ready to sellAs war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it climbing very quickly ut I believe that is short-term. I may be taking some profits around the $100 mark as I expect government control to come in. I am not sure what that will look like yet but if it is a subsidized market whether cash in people's pockets or giving money to oil companies to keep the price low, that's inflation so I expect those stock prices to continue to rise. In the short term, you can hear the negative talk that may trash these stock prices which is exactly why I want to be taking profits at technical places and be ready to buy on these bottoms.
XLE oil WTI
VWAP Strategy To Trade Crude Oil When Technicals coincide with Fundamentals you get the biggest moves. We continue to see bullish fundamentals and bullish technicals on Crude Oil so in this video I share my favorite way to trade Crude Oil. I start with a daily chart and use the 20 day moving average and Anchored VWAP. The 20 day ma helps me identify how strong the trend is. In 2022 Crude Oil has tested the 20 day multiple times, but has been unable to close below it. From there I take an anchored VWAP and take it to the recent low when Crude last tested the 20 day ma. From there I use a 3 standard deviation on the VWAP to show me where potential resistance will be on rallies. I only look for longs in this environment, no shorts at resistance. I go down to my 3 minute chart to help me with executing intraday and use two Anchored VWAP's. I anchor one VWAP from the open of new day and use a 1 standard deviation. I anchor another VWAP from the open and use a 3 standard deviation. The 1 std deviation helps me with an area to scale out of the trade. I only take longs when the 3 minute bar closes above the VWAP and I use the 1 standard deviation as my target to take off 50% or more of the position. As long as Crude Oil stays above the intraday VWAP I remain long and look to trail for a potential test of the 3 standard deviation VWAP.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
Beware False Breakouts! How To Spot Them...Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache!
Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown!
In this video I look at examples in the Silver ETF AMEX:SLV , Spotify stock NYSE:SPOT , and Forex Euro/Dollar pair FX:EURUSD for false breakouts and what follows.
I am excited to make this video for my viewers and for Best of Us Investing!
Why You Should Learn To Trade Interest RatesIf you're trading this market right now you have to keep your eye on Interest Rates. Why? Interest Rates have the largest web in the market. They impact every market we trade (even crypto :) What rates are doing not only impact the markets we trade, they impact us in everyday life. In this video I go over the best way to trade interest rates and even if you're not interested in trading interest rates, I go over the best markets to keep up on your quotes to see what rates are doing.
Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
Bitcoin Analysis 12.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
