You Need An Edge In The Markets - Tradingview Has The Tools!👉📈 In the video, we look at a EURUSD trade opportunity, but more importantly, we delve into essential features and tools available on TradingView, which can considerably enhance your trading edge. Here’s what we cover:
✅ 1: Multi-Chart Layout:
- TradingView’s workspace allows you to view multiple charts simultaneously. This feature is particularly useful when analyzing currency pairs like EURUSD.
- By comparing different timeframes or related assets, you gain a broader perspective on market dynamics.
✅ 2: Currency Indexes:
- Currency indexes provide crucial insights. They help answer questions like:
Is the EUR (Euro) truly under pressure?
Is the USD (US Dollar) gaining strength?
- For instance, even if the EURUSD pair appears bearish, understanding the individual currency strengths is vital. Sometimes, two currencies may be trending in the same direction with one slightly stronger than the other.. you might look to avoid trading the currency pair associated with this scenario.
✅ 3: Entry, Stop Loss, and Target Levels:
- We explore how to identify optimal entry points, setting a suitable stop-loss, and define profit targets.
📢Leveraging TradingView’s tools, you can fine-tune your trading strategy and gain a real edge in the currency markets.
📢 Remember, steady conservative and consistant trading, along with rigorous risk management, is key. Happy trading! 🛡️🌟
Strategyforex
XAUUSD buy setup:XAUUSD setup based on the indicators and market structure.
We can find gold respected the support, after a nice fall. I got in the macd indicator a blue dot, meaning buys, and also I got a buy call, usually when both apear after respecting the market levels, structure, or some moving average market moves bullish. In case I had gotten a black dot and a sell call, market will have gone highly probably bearish.
If you like how the setup looks, like the strategy or so I will keep posting results.
So far I been using this system exactly like how is setup now for 2 months and had gotten amazing results.
I will be posting daily results now on.
** xauusd ** current long trade heading toward yhe TP target.Morning all, hope your all having a good week.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
2010.40 ¥
2.01 %
Net Profit
2
Total Closed Trades
100 %
Percent Profitable
0 ¥
Max Drawdown
1005.20 ¥
1.01 %
Avg Trade
21
Avg # Bars in Trades
** XAUUSD ** current gold sell trade, lets see it how plays outHere's to a new week on the charts.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
Pound Dollar Long trade presented. Morning Traders
Here we have a GBPUSD traded on the 30M chart.
I trade this pair with a 2:1 risk reward strategy. Risking 2% a trade.
As you will see from back test data this pair has been very kind to me this year. Those stats are year too date!
A buy signal as just presented on the script I am using and I have entered the trade working to those stop loss and take profit parameters.
For more information on the script I am using please message me.