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Boost your Trading Strategy with pivot points, Risk Management!🚀Boost your TradingStrategy with pivot points, historical insights,Support and Resistance, and smarter risk management! 🔍 Learning Goals📚🧠 By the end of this guide, you will: Understand How Pivot Points Work: Grasp the fundamentals of pivot points and their significance in trading. Recognize the Benefits of DCA Historical References 1.0: Learn how our historical references indicator enhances your trading strategy. Interpret the Meaning of the Indicators: Comprehend the functionalities of our unique support, resistance, and pivot zones. Master Risk Management: Acquire effective techniques to manage and mitigate trading risks using our tools. Introduction Are you looking to give your trading on TradingView an edge? Dive into the world of pivot points, enriched with historical context, and turbocharge your strategy! We'll blend the ancient wisdom from "Secrets of a Pivot Boss" with our innovative DCA Historical References 1.0 indicator and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging to create a trading powerhouse. 🌟 Pivot Points 101 📚 Pivot points are like the secret sauce of trading, showing you where the market might turn. Think of them as the GPS of price action. From the Money Zone to Camarilla pivots, discover how these levels can predict market direction. 🔄 Understanding Camarilla Pivot Points and the Money Zone 🧐 Camarilla Pivot Points: Camarilla pivot points are a set of eight support and resistance levels derived from the previous trading day's high, low, and close prices. Unlike traditional pivot points, Camarilla emphasizes more minor levels believed to offer stronger support and resistance. Traders use these points to identify potential reversal zones and set precise entry and exit points. 💰Money Zone: The Money Zone, introduced by Nick Radge, is a range around the pivot point where most trading activity occurs. It’s divided into upper and lower zones, acting as key areas of support and resistance. The Money Zone helps traders understand where the market is likely to find equilibrium, making it easier to anticipate breakout or reversal scenarios. How DCA Alpha 1.0 Enhances These Concepts: 🔄 Dynamic Support & Resistance: DCA Alpha 1.0 dynamically adjusts support and resistance zones in real-time, ensuring pivot points remain relevant as market conditions change. 📈 Historical Context Integration: DCA Historical References 1.0 analyzes past pivot behaviors to identify patterns and improve the reliability of support and resistance zones, providing informed decision-making based on historical interactions. 🟢🔴 Momentum Visualization: Color-coded indicators show where the market's energy is fading or surging, helping traders quickly assess trend strength and potential exhaustion points. 🔔 Customizable Alerts: Set personalized alerts for when price approaches or breaks through dynamic support and resistance zones, ensuring you never miss critical trading opportunities. Practical Trading 📈 Pivot Points with Historical Data: Trend Confirmation: When you see 🟢 green indicators at lower lows, it's an optimal entry point, signaling bullish momentum! 👍 Reversal Signals: Spot a 🔴 red indicator at higher highs? That's a sign of overbought conditions, signaling a potential pivot in direction. 🔺 Support and Resistance as Pivot Points: Our support and resistance levels act as crucial pivot points, enhanced by color changes to provide clear buy and sell signals: 🟢 Green Support Zones: Indicate strong buying opportunities where the market is likely to bounce back. 🔴 Red Resistance Zones: Highlight areas where selling pressure may increase, potentially leading to price reversals. Synergy with DCA Tools: Combine with DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging and DCA Historical References 1.0 for a trading strategy that's as layered as a gourmet cake. 🍰 Strategy Overdrive 🚀 Risk Management: With probability metrics, manage your risks like a pro. Think of it as having a crystal ball for setting your stops. 🔮 Entry/Exit Tactics: Learn when to jump in or bail, thanks to DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging. 🚪 Conclusion By marrying the time-tested pivot strategies from "Secrets of a Pivot Boss" with our cutting-edge DCA Historical References 1.0 and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging, you're not just trading; you're mastering the market with historical insights and real-time data. Get ready to level up your trading game on TradingView! 📈🔝
NASDAQ:AAPLEducation
by DCAChampion
Bullish XRP: Adaptive RSI & Block Support Fuel Upswing PotentialCOINBASE:XRPUSD is showing promising signs of a potential upswing, driven by a bullish flip in the Adaptive RSI on the 15-minute chart, reinforced by strong order block support above $2 and confluence from other technical indicators. Technical Analysis: Adaptive RSI (15-Minute): The Adaptive RSI has recently transitioned from bearish to bullish on the 15-minute chart, indicating increasing buying pressure and a potential shift in momentum. This adaptive version of the traditional RSI is designed to adjust to changing market conditions, making it a potentially more reliable indicator of momentum shifts. ICT Killzones (Worldwide Markets): The ICT Killzones, analyzed on the worldwide market timeframe, suggest that XRPUSD may be approaching an area where volume could increase, potentially leading to a rapid move. This aligns with the bullish signal from the Adaptive RSI and adds to the potential for a quick surge in price. However, it's important to be aware that this also increases the risk of a sudden overbought condition. Supertrend Signals (AI Aggregator): The Supertrend indicator, functioning as an AI aggregator, is currently bullish. Smart Money Concepts (Order Blocks Above $2): A key factor supporting this bullish outlook is the presence of strong order block support above the $2 psychological level. This suggests that institutional buyers or "smart money" have been accumulating XRP in this area, creating a solid foundation for a potential upward move. Trade Setup: Entry: Enter a long position now that the Adaptive RSI has flipped bullish on the 10-minute chart. Stop-Loss: Place a stop-loss order below the recent swing low or a key support level identified by your indicators on the 15-minute chart, and consider placing it below the identified order block support for added security. Take-Profit: Identify potential take-profit targets based on previous resistance levels or areas of potential selling pressure indicated on the 15-minute timeframe. Be mindful of the potential for a quick overbought condition, and consider taking profits strategically as the price rises. Disclaimer: This is for educational purposes only and is not financial advice. Trading involves risk, and you could lose money. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
COINBASE:XRPUSDLong
by ubuntuba
Trade Review - SYMI plan to be more active and share my trades and insights regularly. Information I swing trade with focus on stock with short term momentum. My trades are identified through a two-step screening process. I use a passive screener outside of market hours to manually select stocks based on structure and position, to allow preparation and prevent too many options. At market open, I run an active screener to track for movement within the watchlist, as timing and momentum in selected stocks can be unpredictable. This allows me to be time efficient, I require no more than 20-30 minutes per open session. Identified through my passive screener outside of market hours, this stock showed an initial momentum move to the upside on the daily timeframe, followed by consolidation near the mean price - a setup conducive to continuation. I occasionally check a higher timeframe (weekly) for context; in this case, it made a overextension to the downside which could follow with a pullback toward the mean (or not). The aim here isn’t to predict but to take a bet / capitalize on potential imbalances when they appear. Thus it was added to the watchlist. At market open, this stock appeared on my active scanner, and when it reached 24.60, I entered as a clear range expansion was forming. I typically scale out at 1R and hold the remaining position for a measured move (projected from the prior momentum move). While the approach is straightforward, I occasionally adjust based on real-time conditions, as seen in this example. Execution details are shown below. Trade Overview • Structure: Bullish Continuation (Daily) and Bearish Pullback (Weekly) • Position: Near mean price (Daily) and extended from mean price (Weekly). • Entry Trigger: Range Expansion Entry Details • Entry Price: 24.60 • Stop Price: 22.07 • Target Price: 34.32 • Expected Risk/Reward: 3.84 R Exit Strategy • Exit Price: Closed 50% at 29.84 and 25% at 29.45. Performance Summary • Result: Price have moved 20.53% with a profit of 2R, trailing 25% with a near SL. I wrote a bit more than usual for this review since it's my first review post, but the real approach itself is quite simple. Future posts will be more concise.
NASDAQ:SYMLong
by StockLeave
BankNifty Intraday Levels 28-Oct-2024, Selling TrendBankNifty has immediate resistance near 50985-51065 wait for the price come to near resistance Zone and enter only on reversal for good risk:reward ratio. Bank Nifty selling trend continue keep find reversal on every rise. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue Today Nifty also reversed near "Reaction Area", we can consider that area as resistance. Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty. Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520. If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside. As per the today price action (lower low and lower highs) the selling was continue after each rise, So as per the price action and trend change price is indicating sell on rise market. So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade. Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
BankNifty is in Bullish ZoneBank Nifty was recover itself into its channel and still trading in bullish channel near bottom of the channel. Resistance Level is also nearby so wait for the price come to near support level for good risk to reward. Learning : If any instrument is in bullish trend then all support act as strong support and resistance levels breaks. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
Burlington Stores is set for significant upward movement. After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise. This upswing drove the price to an impressive high near 350, reaching an all-time peak. During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support level. Subsequently, the stock made a strong recovery, climbing to around 250 before encountering resistance. After a notable decline, it found support once more near 115. Another rebound occurred, leading the price to a recent breakthrough above previous resistance levels. It is anticipated that this momentum will persist, leading the stock to achieve new highs in the near future.
NYSE:BURLLong
by NaranjCapital
Momentum Trading Strategies for Day TradersMomentum Trading Strategies for Day Traders Momentum trading is a highly-regarded trading strategy used to seize opportunities in trending markets. This article explores momentum trading and offers two comprehensive strategies for capitalising on rising and falling markets. What Is a Momentum Trading Strategy? Momentum trading is a technique where traders aim to capitalise on the inertia of existing market trends. The primary objective is to enter into a long position when an asset is showing an upward trend and to take a short position when the asset is trending downward. It's a strategy that thrives on volatility and requires a keen eye for market indicators. Understanding Momentum Indicators Momentum indicators are vital tools that help traders in gauging the strength and sustainability of an ongoing market trend. These indicators are often represented as oscillators on trading charts, fluctuating between designated upper and lower bounds. Among the most commonly used are the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Stochastic Oscillator, and moving averages. These mathematical tools analyse price action and generate signals for potential entry or exit points. In momentum strategy trading, these indicators act as the 'eyes' for the trader, providing actionable insights into market dynamics. You’ll find a whole host of momentum indicators, including the ones discussed in this article, on FXOpen’s free TickTrader platform. Head over there to get started in minutes. RSI + MACD Strategy The RSI + MACD Strategy combines two powerful momentum indicators to enhance the precision of trading entries and exits. The Relative Strength Index (RSI) typically oscillates between 0 and 100, providing insights into an asset's overbought or oversold conditions. The Moving Average Convergence Divergence (MACD) comprises two moving averages, generating signals based on their crossover points. In day trading, this momentum strategy can be particularly effective. Entry A common entry point is when the RSI crosses above 30 (indicating potential reversal from an oversold condition) or crosses below 70 (suggesting the asset may be overbought) alongside the MACD signal line crossing the MACD line in the same direction, roughly at the same time. Stop Losses Traders often place their stop-loss orders near a recent swing point. This allows for some volatility while protecting against significant losses should the trade move unfavourably. Take Profits Profit-taking opportunities may arise when the RSI crosses back above 70 or below 30, signalling a potential end to the trend. Alternatively, traders often set their take-profit levels at established support or resistance lines on the chart. While the RSI excels in identifying overbought or oversold conditions, the MACD pinpoints trend reversals through moving average crossovers. By combining these two indicators, traders can filter out noise, reduce the likelihood of false signals, and capitalise on sustained market movements. Stochastic + HMA Crossover Strategy The Stochastic + HMA Crossover Strategy employs the Stochastic Oscillator in tandem with two Hull Moving Averages (HMA) of differing periods—9 and 21—to identify trading opportunities. The Stochastic Oscillator measures an asset's closing price relative to its high-low range, with levels above 80 considered overbought and below 20 as oversold. The HMA aims to capture price trends with reduced lag, making it responsive to market changes. This trading strategy offers frequent entries and exits. As such, it’s also an ideal momentum day trading strategy. Entries Traders often enter a position when the Stochastic Oscillator crosses back below 80 or above 20. They then look for a crossover between the 9-period and 21-period HMA in the same direction within the next two candles, confirming the entry signal. Stop Losses Much like the RSI + MACD strategy, stops are usually placed near a recent swing point to mitigate excessive losses. Take Profits Profit levels can be set when the Stochastic Oscillator moves back into the opposing range (above 80 or below 20). Traders may consider holding the position a bit longer as the Stochastic Oscillator frequently fluctuates in these areas. A significant support/resistance level is suitable. Here, the Stochastic Oscillator offers precise overbought and oversold levels, while the HMA's reduced lag helps traders identify and confirm trends more quickly. Together, these indicators offer a nuanced yet timely picture of market conditions. Benefits and Drawbacks of Momentum Trading Momentum trading is undoubtedly a popular style of trading. However, it comes with some key benefits and drawbacks: Benefits Quick Returns: Momentum trading may yield quick returns due to its focus on short-term trends. Highly Liquid: Traders often deal with high-volume assets, ensuring easy entries and exits. Data-Driven: Utilises well-defined indicators, meaning it's less subjective than some other styles of trading. In algorithmic trading, momentum strategies are popular for this reason. Drawbacks Volatility Risks: The focus on quick returns exposes traders to high volatility and potential losses. False Signals: Indicators can sometimes generate false signals, leading to poor trading decisions. Costs: High frequency of trading means higher transaction fees, which can eat into profits. The Bottom Line In essence, momentum trading strategies offer traders a structured approach to benefit from market trends. The strategies outlined here can serve as a solid foundation, giving traders space to refine them further based on their own experience and market observations. Moreover, they can be used as momentum stock and forex trading strategies. If you're ready to put them to the test, you can open an FXOpen account to start your trading journey across hundreds of markets. Good luck! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSDEducation
by FXOpen
4
Fundamental & Technical Analysis on NDQ100Fundamental : COT report shows a rise in shorts positions continuing the past 3-4 week while simultaneously showing a decrease in longs positions held the past 4 weeks. Net positions also show a large change from 7.8K down to 535, a -88.71% change. Open interest is split between both longs and shorts with neither showing an advantage, over all OI has decreased a little COT Report : cot-reports.com Technical : From a technical prospective price action is underneath the EMAs, were getting the 3 EMA cross down the 10 EMA while Momentum is negative, and the Stochastic is underneath 50% TP/SL : Target around recent lows with a stop above highs
EIGHTCAP:NDQ100Short
by Iateyourcroissant
Growth, Momentum & Innovation: Updated WatchlistUpdated Watchlist As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist: www.tradingview.com This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed: Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength. Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal. Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence. Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy. Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks. Here is a detailed sector analysis of the stock on our watchlist: Technology (27 stocks) The Technology sector is heavily represented in your watchlist, indicating a focus on companies involved in software, hardware, and various technology services. This sector is known for its growth potential, innovation, and significant impact on global trends. Companies like Google, Microsoft, and AMD are included, reflecting an interest in both established giants and emerging players. Healthcare (7 stocks) This sector includes companies involved in pharmaceuticals, biotechnology, and medical devices. With stocks like Amgen and Regeneron, the focus seems to be on companies with strong R&D capabilities and potential breakthrough therapies or technologies. Financials (1 stock) A smaller focus in your watchlist, indicating a selective interest in the financial services industry. StoneCo is included, suggesting an interest in fintech or emerging financial technologies. Materials (1 stock) With Cameco Corp included, there's an interest in the materials sector, potentially focusing on resources critical to the technology and energy sectors, such as uranium for nuclear energy. Internet (6 stocks) A focus on companies that operate primarily on the internet, including e-commerce, social media, and online services, suggests a bullish view on the digital economy's growth prospects. Software (9 stocks) Software companies, including those providing cloud services, enterprise software solutions, and software development tools, indicate a strong belief in the continued expansion of digital transformation across industries. Biotechnology (4 stocks) With a focus on biotech firms like CRISPR and Vertex Pharmaceuticals, there's a clear interest in companies that are on the cutting edge of medical research and development, potentially offering high rewards but also high risk. Information Technology (7 stocks) This includes a broader look at IT companies, focusing on semiconductors, software, and technology services, highlighting the critical role of IT infrastructure in the modern economy. Semiconductors (3 stocks) With companies like TSMC, AMD, and Qualcomm, there's a targeted interest in the semiconductor industry, which is vital for a wide range of technologies from consumer electronics to data centers and AI. This analysis shows a diversified yet focused interest in sectors that are pivotal to technological innovation and digital transformation. The emphasis on Technology, Healthcare, and Internet-related stocks suggests a strategy that leans towards growth investing, particularly in areas that are expected to shape future economic landscapes. ​
NASDAQ:QQQ
by JS_TechTrading
Gold to $2057 overnight by 6:15am in the morning 1.04.24Gold should start its climb up to $2057 tonight . There should be on last push to 2048-49 then it should start its climb to $2057. Nothing really super technical here. It finished accumulation, then re-accumulation, made a control box, broke out. ran up. Dropped back to the zone to find support and resupply. Pushed a little deeper, and now setting up to break that high using the measurements it made doing everything I just said. Which points to the $2057 area and Im throwing in some timing to make it interesting.... I have a natural rhythm to the market and with that it should finish before 6:15am. just a zone break, followed by a pull back to support and then a launch for profits.
COMEX:GC1!Long
by iCantw84it
Dark Pool Buy Zones for Trading Momentum or VelocityDark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments. NYSE:CHWY is working on a bottom, finally basing and now starting to test the bottom completion level. This can be a strong resistance level where Pro Traders who started a swing trade from the lows are likely to take profits. Often we see a sideways action develop at this level, the lows of which are usually confined by the support level built on the way up. This would be the level to watch for the next buy entry signal. If it consolidates narrowly or briefly, then there is potential for a momentum swing trade. If it platforms a little wider but within the last support level, then a position trade entry can develop.
NYSE:CHWYLong
by MarthaStokesCMT-TechniTrader