SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
Community ideas
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 79.94 which is a pullback support.
Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level.
Take profit is at 82.41 which is a pullback resistance.
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Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s.
The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three.
Why?
The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow.
Micro E-mini Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming.
The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
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5-Year SPX500 Expectations - Greatest Opportunity Of Your LifeWould you believe me if I told you the US & global markets (some) will rally more than 65% to 125% (or more) over the next 4 to 5+ years?
You would probably call me crazy for even suggesting that will happen in a reasonably short time frame.
But, what if I could show you how structurally (using Elliot Wave concepts and Fibonacci) this incredible rally may already be baked into the markets?
What if I could show you that, barring any major economic destruction event, the US Fed and Global Central banks may have unleashed the inflation beast - which could lead to massive Hyperinflation over the next 5+ years?
Would you be prepared for it? Would you even believe me if I could show you evidence that it may happen much quicker than you can imagine?
And would you believe me if I told you Gold/Silver will rally more than 500% over the next 5+ years while attempting to hedge global debt/inflation risks?
Now is the time to prepare for the greatest opportunity of your life. You must understand the structural mechanics of price related to the current global market dynamics.
Please boost and share this video with your friends. Everyone needs to be aware of what is likely to happen over the next 5+ years so they can prepare for and profit from these exceptional price trends.
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally.
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Keep your long term vision,
Philip (BasicTrading)
New Volume Footprint option on TradingViewHi all,
This is the first (stream replacement) educational video with a very quick overview of volume. Tradingview just released the new Footprint Beta tool. It's something I asked them for a long time ago, so I am glad it's finally here!
In this video I cover the time-price-opportunity tool as well as visible and fixed range. Leading into footprint.
This is not a deep dive, it's more an intro to and how these things come together. If there is enough interest in this idea I will create a sequence based on trading volume in depth.
Thanks for watching! See you on the next stream/idea.
When Are You READY to Trade with REAL MONEY?Hello hello, R2F here with another discussion.
Today, I'd like to go over the question, 'when do you know you are ready to trade with real money?'
Too many traders rush into trading with real capital before they are ready, and end up losing more money than neccessary on learning journey. People are generally impatient creatures and want to get into actions as soon as possible. Perhaps they want to find out if they are magically a trading savant before wasting time on all the usual work that is required.
However, trading is extremely simple, albeit not easy. The difficult part comes in the form of the investment of time and experience, and refining yourself as a person. Once you had that in the bag, trading offers the potential for generational wealth that comes with the freedom of time.
Without further ado, I share my thoughts on how to approach this burning question.
- R2F
The TradingView Show: Live With OKX & TradeTravelChillGreetings, TradingViewers worldwide! This interview was conducted live and is now available for playback and on-demand viewing on our TradingView account, accessible for free. This program delves into trader education, cryptocurrencies, and the flexibility of trading from anywhere with an Internet connection.
Keep in mind that this show was streamed LIVE, so you might come across references to our live chat. No worries, though; you can still watch the show instantly and access the comments section below. Feel free to leave us your feedback!
Here's a glimpse of what we cover in this episode:
1. Gain insights into crypto trading, specific strategies, and the essence of trading them.
2. Understand the dynamics of trading on-the-go and establishing personal rules in an era where crypto trades round-the-clock and connectivity is constant.
3. Discover how TradeTravelChill began on TradingView and OKX, now leveraging our integrated broker partnership. TradeTravelChill and OKX are partners, with OKX being a broker partner on our platform, facilitating seamless connections for traders.
4. Dive into trade ideas and setups in crypto markets, particularly focusing on major coins.
5. Explore some of the hottest topics in crypto markets at the moment.
Our objective with this show is to educate traders worldwide! While we don't provide direct advice, our focus is on empowering traders to learn, practice, and excel in the markets.
Relax, ask questions, and enjoy the show!
Why will Ethereum drop toward 2500 levelLiquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair
structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!
Thank you for watching
Follow me for more crypto analysis
The TradingView Show - Must-see Charts with TradeStationHello to all the global traders! We're live with David Russell, TradeStation's Global Head of Markets. He's also the one who publishes the research and analysis from the official TradeStation account on TradingView. Follow them here: www.tradingview.com
In today's show, we're discussing the most important charts, interesting trades, and providing education to all traders. What's on David's mind? Interest rates, earnings, and big moves happening across equity markets from Apple to Goldman Sachs, Bitcoin, and copper stocks like FCX.
We look forward to meeting all the traders out there and thanks for watching. Ask questions in the comments section, share your best insights, and be sure to subscribe to our future shows, all happening on TradingView and with our partners, influencers, sponsors, and global community.
This show is strictly for education and entertainment. Never advice!
Look first, then leap!
- TradingView
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Putting Risk Reward into PerspectiveMost newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth.
In this video I try to give more perspective to this concept.
- R2F
Uncommon Inflation Measures for Analyzing Attitude towards Risk In this analysis we breakdown certain inflation measures that can aid us in capitalizing on longer term trends in various asset classes. The Baltic Dry Index or BDI gives us a real world view of shipping costs. The Index is a measure of the cost to move commodities by the Sea. Therefore, It's a leading indicator for the demand of commodities around the world. The Baltic Dry Index dates back to the mid eighteenth century as the majority of sea trade was done between London and surrounding Baltic states. Each day the price is updated just prior to New York stock exchange open by the 26 largest shipping companies in the world. The Baltic dry index is a pure piece of data because there is no government or central bank manipulation behind it. The BDI can be quite volatile and this is due to the fact that there are a finite number of available transport ships at any given time. If suddenly commodities come into high demand globally .. this means there will be less ships.. and this results in higher prices to ship goods. This signals us that Inflation may be increasing and therefore higher interest rates may result as the economy heats up. A Falling Baltic Dry Index indicates to us a slowdown of demand for commodities and also of the broader world economy.
Next, we observe the GCC or an Exchange Traded Fund that is based upon the Continuous Commodity Index. The Fund intends to provide broad-based exposure to four commodity sectors : Energy, Agriculture, Precious metals, and Industrial Metals. The Baltic Dry Index generally leads commodity prices(and the commodity index) which was a concept we identified in our analysis.
If this was useful or interested you, Please leave a Rocket or comment in support of similar analysis in the future.
General Disclaimer:
The trade ideas presented herein are solely for informational and educational purposes only. The ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
How To Grow A Forex or Crypto Acc Scalping A 5m Time FrameIn this video, we delve into a high-probability scalping strategy, building upon the concepts introduced in our previous videos on developing a trading plan and risk management. This third installment in the series focuses on refining entry points for high-probability trades. We explore a basic trend continuation strategy on the 4-hour time frame, then zoom in on the 5-minute time frame to identify specific price action that provides a precise entry point. Our approach involves identifying when price action begins to trade sideways, forming a range on the 5m time frame, and waiting for signs of volatility, where price takes out stop losses above or below the range. Once this occurs, the trend typically sets up on the lower time frame, allowing us to enter our trade on the 5-minute chart. We always place stops above or below the previous high, targeting the previous price swing. Please note that this video is for educational purposes only and should not be construed as financial advice.
Assessing Market sentiment using the Vix and Dxy 📑Hello Traders and welcome back to another Video analysis. We break down the relationship amongst different asset classes when gauging market sentiment. In particular, how to analyze market direction on the Nasdaq 100 by looking at the Volatility and Dollar Indexes. We combine this sentiment analysis with candlesticks, and how they leave clues for us when anticipating market direction.
If you aren't familar, the Dollar Index represents the strength or weakness of the USD against a basket of 4 currencies. The Euro, Yen, Aud, and the Gbp. The US dollar is the safe haven of the world and when it increases in value, this represents risk off sentiment as investors and market particpants look to preserve the value of thier monies. On the other hand, the Nasdaq is a stock index, and therefore represents an asset class where investors are looking to grow their capital. In theory, they should be inversely correlated and generally are, thereby giving us clues when anticipating market movements in one another. In this example, we look at how we can use the (DXY) dollar index when anticipating market movements in the Nasdaq 100 stock index.
The Vix or Volatility Index represents the options market for the S&P500 stocks. When the Vix goes up this equates to investors and market participants buying puts and anticipating future downside for the S&P 500 stock index. When the Vix goes down, this represents anticipated upside in the U.S. stock indexes by investors and market particpants buying calls in the options market.
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