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Top-Down Analysis (The CORRECT Approach!)In this video I go through how to effectively do a top-down analysis, and avoid common mistakes. This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts. This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t define a successful trader, only consistent profitability and sound risk management do, I believe an effective top-down approach to framing trades is a worthwhile endeavor. Better trade setups give you less stress, more profits, and more freedom of time. What is a "top-down analysis"? It is basically doing your analysis on a higher timeframe to get in line with where you or your strategy is showing price is likely moving to, then on a lower timeframe to wait for your trade setup to form, and then either entering on that timeframe or going to an even lower timeframe for an entry signal. For example, if the weekly chart is bearish, and you see a bullish candle on the hourly chart, you may be fooled into trading in the wrong direction. For the highest probability, you need to be in sync with the higher timeframe. My approach is split into 3 parts: 1. I have my BIAS which is built on the monthly, weekly, and daily timeframe. This helps me determine the direction I want to trade in. If my analysis is bullish, I want to look for longs, and vice versa for shorts. 2. Then I have my NARRATIVE, aka my ‘story’ of how my setup may form on a lower timeframe, usually the 1-4h timeframe. For example, I may be looking for a specific pool of liquidity to be swept at a certain time of the day. 3. Thirdly, I have my CONFIRMATION, which is usually based on the 5-15m timeframe. I hope you found this video insightful and that it helps enhance your trading. If you need clarification about the content, or you are still struggling with finding your groove as a trader and need personal guidance or mentorship, feel free to reach out to me via TradingView’s private message or on X (formerly known as Twitter). Til next time, happy trading. - R2F
Education
by Road_2_Funded
Daily Bitcoin Update - Move lower as expected | ECB HawkishEvening all, Full TA in the video as usual. Some notes: - Bitcoin clinging on to the lower trendline of the rising wedge we have identified. - Look for support levels on a breakdown - $16919 is an important level - The breakdown measure move is around $16374 - If we do break down past $16919 look for a bearish retest and a possible short opportunity - Daily Indicators - Stoch RSI, RSI and MAC D looking bearish. If the MAC D crosses down we could see some strong movement down from Bitcoin. - Major stock markets are all down today - SPX, ES1 and Nasdaq (the ones that we follow) - USDT dominance increasing suggesting that traders are moving back into USDT - DXY also on the move after testing major support - if the DXY increases, Bitcoin generally decreases - Keep an eye on your alt positions. With BTCD increasing and BTC decreasing - Alts are getting REKT. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSD
by BPOI
2
Teladoc Short and LongTeladoc is range bound atm. We might have this range for a long time. best trades are to long the low and short the top. We got a rejection from the POC of the range and are making our way down to the golden pocket, HVN and an orderblock. If we loose this level i am looking down to the bottom of the channel. As being in the channel we are also in a descending triangle type structure. Looking to see how this brakes also. No financial advice. Just sharing trade ideas. Cheers
NYSE:TDOC
by SeyBeats
ACH, the gem that is still hidden....ACH... If you know about it, then you know what it is... COINBASE listed this fine crypto, and it made some of us pretty wealthy. I believe in this coin, I like the press around it and the people involved with the development. This will take off soon! I wish I could guarantee it, but you know... I cant. Anyways, if you come across this video, please check ACH out and do a little research. Oh, and don't forget to take profits when you can.
Long
by Ashton_M
2
THE BUILDING BLOK FOR TOMORROWYikes, look at this chart. Wouldn't you say it seems like it is about to go? I believe it is... I'm patiently waiting and have been trading it for a 20ish % return. But that is not what I am here for... I am here to say this is about to go, and of course, that is all dependent on how BTC holds up, but eventually, that should have a reversal, and we will fly! I'm excited, as I'm sure most of you all are. At this point, time is on our side, and we have the excellent opportunity to accumulate an abundance of BLOK. Please be smart with your trades. Be conservative and alert to what is going on. Check the daily VOL, reference your fundamental indicators, and of course, monitor the news. When the time is right, take profits. Anyways, just a heads up to all that is out there and watching these videos of mine. I have been trying to figure out what I should do when it comes to making this content and have concluded that every other day would be the best thing for me. You see, I'm a father of three and a finance manager, so hours are long, and most of the time when I get home, the remaining energy I have goes to my family. Also, please let me know if there are particular crypto you are interested in. Something that stands out, a "diamond in the rough." Thank you, and Happy Thanksgiving.
by Ashton_M