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HOW-TO: Cosmic Pi Cycle #1This HOW-TO tutorial will show how to setup the Mult value and how to use primary and secondary markers. 🪐 SETTINGS (Indicator 1) Mult: 1.7 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.85 Top Markers: OFF Bottom Markers: ON 👩‍🏫 MULT The Mult value has to be set anew for every symbol / timeframe combination. The way to set the Mult correctly is to look at the span of the entire chart and through trial and error decide where the markers look the most correct (🗠 A, C & E) . You can also look at the channel fill and set the Mult so that the highs and lows hit around the borders of the fill (🗠 F, G, H & I) . 👩‍🏫 MARKERS Primary (circle) markers make sense either when the price flattens out or when they appear at or near the very extreme of a steep price rise or fall. If a primary marker appears in the middle of a bullish (🗠 B) or bearish (🗠 D) trend you can wait until the possible appearance of a secondary (square) marker (🗠 C & E) to better estimate any major price reversals. Note that since secondary markers are a weaker signal than primary markers, the price reversal signals they may give can be related to smaller trends than those of the primary markers.
NASDAQ:NDAQEducation
by cosmic_indicators
HOW-TO Determine If It Is Time To Buy Or Sell With AutoClimateHOW-TO Determine If It Is Time To Be A Buyer Or A Seller What does this invite-only script do? This app aims to assist when identifying which one is the right side of the market in which to trade: long, or short, or simply doing nothing and avoiding trading. The above concept is the reason for the name of this indicator: “Climate”, as this word defines the current market environment and therefore helps when planning a new trade to be executed. The desired trade duration (position, swing or intraday trades) would depend on the time interval (time-frame) selected when applying the indicator. A common practice in the industry consists of assessing the current market environment (climate) by using a larger time-frame and plan specific trades using lower time-frames to reduce the dollar-risk of the trade. Ultimately, this type of process and decisions correspond to the user of this app. How to manually insert this indicator into a TradingView chart? Locate the upper toolbar within the Chart where you plan to insert this indicator, Click on Indicators and Click on Invite-Only Scripts Select “!AutoClimate” by left-clicking on it Note: Once this app is inserted in a chart it then needs to be calibrated. Please refer to the Section on Calibration to understand how to perform this process. Which components are displayed? The example illustrates the various components available when using AutoClimate™ applied to a chart: Dots: Their colour point at the direction in which a market is likely to move where ruby represents down-markets and sapphire represents up-markets. Thin dots represent unconfirmed market conditions (climate) and thick dots represent confirmed market conditions (climate). ATR Spread: The size of the “ATR Spread” vertical line represents the distance from the current price on the chart to an average “ideal” trading price. The distance is measured in multiples of a standard ATR (Average True Range) calculation applied to the current time-frame. When the line is above the dot it means that the price of that market is at a certain distance away from the “ideal” average price and moving in the expected direction defined by the dot colour (ruby is down, sapphire is up). When the line is below the dot and becomes grey colour, it means that the market is no longer moving in the expected direction and that the “ideal” average price has been exceeded. Stats: The app displays 4 digits with relavant information which depends on the amount of data loaded on the chart: Distance (measured as an ATR-multiple) from the current price to an average “ideal” price Statistical duration of up-markets measured in amount of candles Statistical duration of down-markets measured in amount of candles Amount of candles corresponding to the current market condition (up or down) Assessing the Settings Menu and Calibrating the app? Calibration is a key process in defining how the analysis is carried out and will impact the potential results obtained by the user using this app. The calibration input is down to the user’s personal judgement and is at their own risk. Calibrating the app is done by changing the user inputs. Access the input dialog box by following the below steps: Locate the AutoClimate™ indicator title on the bottom left part of your chart Click on the Settings wheel Notice the default calibration settings are set to 9, 14, 14. Feel free to change to any value of your choice. click "OK" Below is a description of the various input fields: EMALength: Can be any value, and refers to the amount of bars used to calculate an Exponential Moving Average (EMA) that is used by the app in order to assess the Market Climate DMILength: Can be any value, and refers to the amount of bars used to calculate the Directional Movement Values (DMI) that are used by the app in order to assess the Market Climate ATRLength: Can be any value, and refers to the amount of bars used to calculate the Average True Range (ATR) Value that is used by the app in order to measure how far the current price is from the “ideal” average trading price   Legal Considerations Disclaimer: When using this App you understand and acknowledge that the risk of trading can be substantial and that each investor and/or trader must personally consider whether this is a suitable investment. Past performance, whether actual, or indicated by simulated historical tests of indicators, is not indicative and in no way a guarantee of future results. Your actual trading may result in profits or losses as no trading system is, or can be, guaranteed. By using this app, you accept full responsibility for your actions, the trades taken and any profits and losses made. You also agree not to hold the developer of this app responsible for any outcome arising out of your use of this app.
AMEX:SPY
by traddictiv
4
How to use trendlines when trading cryptocurrency 🎓A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their repertoire. Search no further - here's an easy and free guide to trade cryptocurrency, using trendlines. 🤓 Important aspects of using this strategy A really important step of this strategy is to consider the number of data points you make your trendline from. In this educational scenario, I've used thicker lines for the trendlines with more data points and dashed lines for trendlines that almost can't be considered as a useful trend. As you can see, we have a very solid trendline, which makes it likely that some significant price-action will happen – eventually to the upside. Another crucial aspect of the strategy (and every other strategy other than "hold and pray") is to have a take-profit- and invalidation-area. We always want to know why we're in the position and why we're out of the position. In this particular scenario, I've decided that a convincing break of the strong, bullish trendline would be an invalidation for the trade. If the trendline breaks it doesn't make sense for me to be in the position anymore, since the trade is solely based on the trendline. Furthermore, the take-profit areas of the trade are based on historic resistance areas. The highest take-profit area is based on a very weak trendline, which is why I wouldn't leave more than 10% of my initial position size to reach that. This is an easy strategy for trading any asset, that anybody can use no matter how experienced. Experienced traders also use this strategy. In my own opinion, simple strategies are the best; you'd be surprised how few indicators experienced traders use. Feel free to ask any questions or share your thoughts about this strategy! 📝
Education
by kaspertrades
Using My strategy to create High Profit backtests ConsistentlyI created a strategy and an alert system based on simple indicators that can produce very high results. I think I am going to start posting some of my results weekly, open for critique. I've actually been using my alerts in the live market, and with pretty good success, but I figure it is always better to have some constructive criticism. I have a ton of experience with my scripts, and I built in a ton of margins for error, so results in real life are actually better than posted. Not sure if I have a talent, or it is just hours of experience, but I am able to create backtests similar to the one shown in a couple of minutes. The backtest shown is for the past year, from November 2019 to November 2020, and it's on BTC on a 2 hour time frame. Let me know your thoughts on it! If anyone is interested, I have the strategy open source for everyone to use and to learn from,but my alert system that matches up perfectly with it took some time to build so I kindly ask for $10/month for anyone to use it, BUT I will also send you free configurations to use, similar to the one below, on any coin or any chart that you invest with. I can create great backtests on ANY CHART using my strategy and techniques. I always aim for a mixture of high percent profitability and obviously net profit. Does anyone have any criticism/doubt/suggestions on my backtest? I'm always looking to learn on how to get better.
by nhbprod
Trading key-levels and how to HEDGE properly (+486 pips)Is it true that the Forex Market is manipulated and controlled by a handful of banks and market makers? If so, how can we identify when they manipulate the forex markets and is it something that requires access to sophisticated tools and secret contacts? Well, let’s begin by getting a few facts straight. Firstly it is true that the forex markets are manipulated and while you don’t need any sophisticated tools or secret contacts to understand how this happens, identifying when it happens is not easy for the majority of retails traders. What most traders fail to appreciate is what the financial markets truly are and how to trade forex properly. The Forex markets is a place where buyers and sellers come together facilitated by brokers and market makers who look to profit by making a commission for each transaction. Just like any other market, buyers and sellers can only come together if there is a middleman facilitating the transaction. This middleman in the case of Forex is the market maker, and their job is simply to match buy and sell orders for the best price possible and earn the most commission that they can on each transaction. How forex works – Buyer & Seller Counterparties Every trade that is executed in the forex markets has to have a buyer and seller and when this takes place then we have a trade. This normally happens in a fraction of a second electronically but in essence, each time you enter a buy trade you are being matched with someone who is happy to enter a sell position and take the opposite side of your trade. If this doesn’t happen then there wouldn’t be a trade. Why is this so important? Because it highlights the problems that large banks have which small traders don’t. Any retail trader is able to place whatever position size they wish into the market without ever fearing slippage or bad fill. Granted slippage may take place during high impact news items such as central bank announcements but on the whole, most of the executed trades are done instantaneously. Now if you’re a retail trader trading 1 standard Lot then you won’t have any problems with being filled at the price you want. Imagine you’re trading 100 Lots or 500 Lots or 1000 lots, these are larger positions to put into the market at any one time and it’s much more difficult to find someone to take the other side of the trade at the exact price and the exact time that you want and therefore might not be filled at a great price. Well, what could you do in such a situation? You have one of three options: Option 1: You could either bite the bullet and get executed at whatever price you are able to get, the only problem here is that you won’t be getting the best price possible for your trade which eats into your profits. Option 2: You could wait for the price to get to the price level you want so that you get the best execution possible and buy or sell at a much more favorable price – this is great but what if the price doesn’t get to the level you want for you to execute your trade? You will either be forced to walk away without making a trade or be forced to take whatever price you can get if doing the trade is absolutely essential Option 3: You force the price to get to the level at which you want to transact by cleverly manipulating other smaller traders to push the market in the direction you want it to go. Once you get the price to the level you want then you can carry out your transaction. How can you do this? By taking massive positions and exercising your muscle. This is similar to when large companies and conglomerates bully smaller businesses out of the market through aggressive competition. Best Options… Which option do market makers and those with large orders take? Option 3. This is how manipulation works in simplicity. The big players who have the money to move the market in the direction they want, do so on a regular basis. What’s more, they have no option but to do this because unless they can manipulate the market then they won’t be able to execute their large orders. Think about it – what causes the price to move up? An imbalance of buy and sell orders such that there are more buy orders than sell orders which means there is more demand for that particular currency pair than there is supply. Conversely, what causes the price to fall – a larger build up of sell orders than buy orders such that supply outstrips demand thereby resulting in price falling. Now if a market maker comes into the market with a massive order to buy a currency, what will happen to the price? It will start to rise. This means that the market maker is bidding the price higher and so forcing himself to keep buying at higher and higher prices until their order is filled. This hardly sounds attractive or even smart for that matter as the market maker is in the business of maximizing their profits. So what is the alternative? The only alternative is to buy or sell in a hidden way without alerting all the other traders as to what is really happening. How does this take place? By buying into selling pressure or selling into buying pressure. In other words, what a market maker will do is do the opposite of what they intend to do in order to push the price to their desired level. What is a market maker? It is a financial intermediary set up with the sole purpose of matching buyers and sellers together to make a commission in the process. So let’s say a large European conglomerate wants to buy out a US company for $10 Billion. It can’t just go to a money exchange bureau or the bank to change that amount of money. Most likely it will go to a currency broker or a large bank who will complete the transaction by going into the money markets via their brokerage arm. Once the market maker receives the order for the transaction, their job is to convert the conglomerate’s money from Euro’s into USD. They will, therefore, be trading the EUR/USD pair and selling Euro’s and buying USD. Since this transaction of selling Euros and buying USD happens instantaneously, what the market maker needs to do is get the highest exchange rate they can for Euros to USD. The way they do this is very important as it affects the amount of commission they stand to make. In this example, it’s in the market maker’s interest to achieve the highest interest rate they can so they do this by driving the exchange rate higher first and then starting to sell the euros against this higher price. They continue to sell just as everyone else is fooled into thinking that price is going to continue higher until eventually they sell all the euros and convert into USD and complete the transaction. What happens now is that since the selling pressure has become stronger than the buying pressure, price starts to fall rapidly and everyone is left scrambling to get out of the trade once they find out that they are wrong. The reason people are left scrambling is that as a result of giving a false signal of the market starting to move up, the market maker manages to entice other traders to start buying heavily. Once the other traders find out that they were wrong in their assessment of market direction, then the main focus becomes to get out of their positions quickly. This is what we call the trap and it happens on a weekly basis in the Forex market.
by TayFx
2
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
PREDICTING THE MARKET BEFORE IT HAPPENSAs we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing moved the market, the move and volume would be much more drastic. Only big institutions and news moves markets. I expect people who shorted to soon be taken out and a manipulation occur, however with all the Brexit news around the GBP I'm being cautious.
by joebrownFX
HOW TO GRID TRADE: Keys To Your Lamborghini (A to Z Tutorial)Science Has Proven That Reading This Education Post Will Either Put You To Sleep or Put You On Your Path To That Lamborghini. Let's Start From The Beginning... (Print this entire tutorial as a reference) WHAT IS GRID TRADING? Grid trading is a type of trading, typically managed by a dedicated Grid Bot. In a nutshell, you select a range, you divide your range into equally spaced buy/sell grids (like trip wires, sorta). As prices zigzag up and down, your “trip wires” trigger buys and sells catching profits for you incrementally all along the way! If you start your grid as the market ranges sideways (which is 70% of the time) or when it is in a gradual upward ranging trend (15% of the time) then you are going to make money most of the time. Your goal in grid trading is to have price zigzag within your grid range as long as possible with a price exit from your grid out the top. About 15% of the time the market will ranging downwards but worry not, many times even if price exits the bottom of your grid, you may still earn a profit or at worst, have a minimal loss. Grid Trading requires far less skill and less management than most other types of trading -PLUS- it has far less risk. Many grid traders make better returns from grid trading than they do with any other trading strategy. Can you lose money grid trading? YES, but with a little knowledge losing money is hard. A consistent grid trader is a winning trader. BIGGEST BENEFITS OF GRID TRADING? It reduces your addiction to chart watching. It allows you time to eat, sleep drink and be merry. It allows you to exploit trading opportunities around the clock It allows you to manage your risks without emotions It allows you to follow a predefined trading pattern that often beats the ROI (Return on Investment) you're getting from other hands-on trading strategies. It allows you to trade with less concern about price direction. It may be a faster way to that Lamborghini everyone is always talking about! WHAT DO YOU TRADE EXACTLY? You may trade any cryptocurrency pair. For example, if you have QUOTE currency in USD (or USDT) you would use that to buy a BASE currency (like BTC) within your grid range. It all starts with an initial investment to get the ball rolling Then your BOT will buy or sell an equal amount at each grid line Buy and sell gridline "hits" are replaced with new limit orders gridline-by-gridline as you go along. Buy and Sell fees are whatever your selected exchange charges (over 25 exchanges are available). HOW DO YOU EXIT OR QUIT A GRID If prices exit out the top, you take your money and run! 100% profit. If prices exit out the bottom, give yourself a little wiggle room but you can pre-set a stoploss. Sometimes your earlier grid gains will equal or exceed any loss your stoploss might incur... like magic! Many grid traders only trade assets they don't mind holding (like BTC or ETH) and thus never use a stoploss. Remember: It is far better to take a smaller loss and move your grid to a new range than to get stuck in a coin you do not want to hold. HOW MONEY DO I NEED TO GRID TRADE? $100 would be a good start on the lower end. $1000 (or more) would allow you to run multiple grids simultaneously (which is a good idea). Regardless, you must follow good money management rules and avoid over investing in any one grid. 5% max of your investment capital per grid and never more than 50% of your capital across all grids will keep you in the game so you can maximize your profits. Remember, the Wright Brothers were NOT shooting for the moon at Kitty Hawk. They merely want to get off the ground! 10 REASONS MOST TRADERS ARE NOT GRID TRADING? 1) It's a macho thing. 2) It seems too easy. 3) It seems too good to be true. 4) They've never heard of it. 5) They don't know how to automate the strategy. 6) They love watching charts all day, drawing and re-drawing their Elliot Waves. 7) They paid big money for a signal service and are waiting for the big winning signal. 8) They are waiting to catch the next blast off TO THE MOON! 9) They tried umpteen other strategies and are now flat broke. 10) They thought grids were a side dish often served with bacon and eggs. 12 QUICK TIPS FOR STARTING 1) Open a grid bot account to assist with your automation requirements. 2) Connect your bot to your preferred exchange. 3) Start with a cryptocurrency you trust (BTC , ETH or a top 10 coin) . Something you'd be ok holding (HODL) if worse came to worse. 4) Wait for a market where you expect or anticipate sideways or slowly upward ranging price action. Use my indicators to help you nail winning grid areas. 5) Keep your total grid range (lowest grid to highest grid) within 4% to 8%. 6) Select a grid count that renders your grid spacing (distance between each grid line) to a space comparable to typical zigzags you see in recent price action. Typically a .5% to .6% spacing between gridlines (as measured on your Tradingview chart) is a good place to start. 7) After your settings are enter in your bot, click the BACKTEST button. Double check settings, make tweaks, backtest again until you are happy. 8) Invest MINIMALLY on your first few bots (say $100 or something you can afford to lose) . Think of your first grid bot as a "learning experience." 9) Set a stoploss below your grid (there is a setting within the bot for this). If you don't mind holding the coin if prices temporarily drop, then you can forego a stoploss. 10) Don't dream of riches, instead anticipate all goes well and you get a rather healthy ROI (better than a bank and perhaps better than your trading results/ROI using other non-grid strategies). 11) If your first bot does not go well (worry not, remember the first time you tried to ride a bicycle?) . Review what happened and try again. 3%, 5%, 8% gains might be just around the corner. Many people following my strategies are achieving 20% or more in gains over average 3 to 20 day periods. 12) Give your bot time to "do its magic" (perhaps 3 days, a week or longer) ... as long as prices are within your range, you can leave your grid up and running. Move your grid if price range changes. HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 3) Explore my GRID INDICATORS (linked Below) HOW DO I AUTOMATE MY GRID STRATEGY? Explore further help and links at the bottom of this tutorial. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
Education
by DanHollings
7
Trading Truths - how long to be profitable?Trading is hard work - But no one wants to hear that it is hard work. Everyone wants a short cut. A short cut does not exist. If it did - everyone would use it and the market would cease to exist. Everyone who starts out trading is lured in by the profit potential. You might get lucky and make a quick buck. But over time you soon realize that trading is a job, and a hard one at that. The markets offer the highest paid profession in the world - and it is the hardest profession. There are no set paths, clear schooling or achievements which put you into a position of earning a living. This is an entirely different world. It is you and the market. You are responsible for the actions you make, and the repercussions or rewards which come with those actions. It takes a lot of time and effort on your part if you truly want to succeed long term in the markets. This does not just mean learning about the markets and how they operate. It also requires skills that no other job does - understanding and working on yourself internally. Remain Humble - We all know of someone who brags about their position, their entry price or whatever. But there is something they likely do not have.. Profits. Ever wonder why the top traders dont brag or choose to talk about how much they make? Because they are humble. If you do not remain humble when it comes to markets, they will humble you. If you are attached to your Ego, you will fail in the market, without question. The only question is how long will you survive? How long does it take to be a Profitable Trader? Every beginner wants to know how long it will take before they can make a profit. This is a loaded question - with no answer. I am often asked how long until you knew you had it? Or how long does it take to become a profitable trader? People are confused by my answer when I say "you never have it, or anything." Even wildly profitable traders lose money, sometimes all of their money several times. Trading is not about getting something, or somewhere. It is a journey, a dance. Do you dance or play the guitar to get to the end of the dance or end of the song? No, otherwise you would play or dance really fast! (Alan Watts). You play to play. You trade because you enjoy the act of trading. In other words the act of doing is the goal, not the end result. The market is a teacher who teaches you about your self. If you chose to ignore it and instead focus on what you want out of it; you probably wont get it. If instead you open yourself up, give in to it and what it is showing you; you just might get what you want. If you found this helpful please like! Feel free to comment or ask questions.
by tradersmentality
2
PLANET SHORTS. Jk. Be patient... we may have another leg upI'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look. RSI: yes we bounced off the divergence of the daily, but we have a ways to go before reaching a critical limit suggested by the supporting RSI. The EW count suggests we can continue to be extended. We took quite a hit on the RSI when we fell ~3% last week, leaving room to continue the upward price action. MACD- tapering off but still bullish. ADX- Green is above the red, still bullish. ICC - falling out of the sell zone, but this chart does not have an extensive history so I wouldnt trust this indicator as much. What we can deduce from this is that we are heading toward the neutral zone. This should deter us from any impulsive selling. Fib time zones- the next wave lines up well if you count the 1 to the 2. WE AREN'T THERE YET. Ultimately, if you believe the EW count, and interpret that the indicators are not suggesting any impulsive selling, then you should wait to short this. Major indexes suggest a small pullback is coming. This may come right before earnings season (early this week), and allow for a setup to go long for wave 5's. See my long term chart for what the heck is still to come. GOOD LUCK.
NYSE:PLNT
by warrenbudget