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EURUSD long trade valid ↗️✅Hello traders Our strategy says it's go long time on EURUSD. The strategy we use is a follow trend strategy and with our strategy you simply execute trades when the script presents them on the chart. No technical analysis needed. No excessive chart time required. We just simply follow the strategy. The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY' or 'SELL' is indicated on your chart and all bars will turn green or red depending upon the trend in play. For the trade in question we are working the H1 chart. We are working to the take profit value that has been printed on the screen. With the stop loss value also set. With the strategy set this way for the pair and time frame in question we are working to a risk reward ratio of 1:5. At the foot of this idea is the back test data for trading the pair in this manner from January 2018 to now. Having this level of data at our disposal thanks to the built in strategy tester enables our traders to confidently test potential strategies before entering the markets. I don't recommend jumping on random trades you see on TradingView as you are not working to a consistent trading plan with a clear edge. For any questions on the strategy in use on this idea please feel free to drop me a message.
Long
by RichScott
What is a short squeeze? How to trade a short squeeze?What is a short squeeze? A short squeeze is a short period when the price of a security increase rapidly due to the demand greater than the supply available for that security. A short squeeze is due to short-sellers covering their positions and long traders looking for a bargain. How to trade a short squeeze? A common shape of a short squeeze is an "inverted J" shape. The straight-line of the inverted J pattern is due to aggressive buying by the bargain hunters and short sellers covering. The hook shape of the inverted J is formed due to the profit-taking of the short-term traders. A trader can trade in the direction of the "inverted J" shape. What are some of the reasons one may fail to trade this pattern? Possibly due to failing to identify a correct bottom before placing a trade. Possibly a temporary bottom was identified, but the downtrend continued and trapped the traders. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
BITSTAMP:BTCUSDEducation
by GreenfieldAnalysis
8
EDUCATION: Money Flow Index (MFI)Hello, dear subscribers! The topic of this article is Money Flow Index Strategy (MFI). Definition This is the oscillator type indicator, which looks like RSI, but takes in account the volume. Thus it demonsrates not only the price momentum, but also the money volume. It is calculated as a ratio of the positive or negtative money volume divided by the total money flow. MFI indicates the overbought and oversold conditions. The asset is overbought when its value is above 80 and oversold, when below 20. The strategy Let's take a look at how to execute the long positions. Initially we should make sure that the market is in global uptrend now. For this purpose we will use the 200 period SMA. If the price is above the SMA, which has a positive slope the market is in uptrend now. The second step is the bullish hidden divergence identification. As we told in the previous education article the hidden bullish divergence with the oscillators means the uptrend continuation. The third point of this analysis is that the asset now is in oversold zone according to MFI.
Education
by Skyrexio
Trading strategy update - end of 2020 >> REVIEW OF PERFORMANCE This is an update to my trading plan set out a month ago - Plan for December 2020 to April 2021 . I set out these targets: Add funds month on month - disposable income only Monitor trends, but stop trying to snipe tops/bottoms Maintain a watchlist and a few good sources Enter positions only on good setups Keep position sizes small and only risk 1x position on 1x idea Sell at pre-determined levels Use micro positions on Uniswap >> UPDATE WHAT'S GOOD I'm adding funds every week - a certain % of my income. I'm also adding larger chunks where I can afford to based on my household budget, but these are strictly sitting in cash or USDT, not going straight into positions. I'm trying to stop getting lost in the Twitter chatter and focus on the macro trends. This has actually improved my trading. I've been looking at AltcoinSherpa's excellent videos on Bitcoin dominance and macro market analysis, to widen my perspective. As a result - I didn't enter any big alt positions, I kept a BTC position running, and managed to scalp SushiSwap run before correction. I'm depending far more on my own analysis for the first time, rather than Twitter traders. I've been doing my best ever setups and managed to enter NYSE:IPOC NASDAQ:INAQ NYSE:GIK based on reading the charts and setting sensible bids. I'm really enjoying the way these positions are building! I'm showing discipline with my position sizes. Right now they're all just about equal and I'm not over-exposed to any one asset - whether it's a SPAC or a cryptocurrency. In time, this will change but for now, it's totally uniform. This also allows me to better manage my cash reserves - for example, right now in my equities account I've got funds for 3 more positions. The only position I sold this month was NYSE:CRM . I feel sure this will have a run very soon, but I'm content to miss it and repurpose that position towards a SPAC - looking for an entry on NYSE:IPOF . I just think it has better upside, lower downside. WHAT'S NOT PERFECT YET I set up a series of watchlists but quickly realised that I'm not going to have the time or the discipline to check 30+ charts every week. I'm making use of TradingView's alerts feature. It's obvious to me that just setting alerts on key support or resistance levels and coming back in a month will pay off in future and will 'let the market come to me'. I got cocky very quickly and started showing my portfolio to friends and being more reckless - then I entered NYSE:ATAC with no research and minimal TA. Sure enough, was my worst entry this month. Just goes to show how important it is to stay humble and emotionally disciplined. Keep trading private (except for fellow degens on Twitter) and keep emotions out of it. So I've banned myself from entering new positions for a week or so. I've pulled all my funds off Uniswap for the moment. That may change in the coming weeks or months, but I'm not happy with the lack of stop losses, the high gas fees and the peurile, gross culture that surrounds DeFi microcaps. I feel frustrated at not being able to get on top of this market. The fact is that I still can't figure out DeFi (beyond the DeFi majors) there is so much information out there and so much data to sort through. I'm hoping to improve on this in 2021. Any suggestions are welcome! >> PORTFOLIO ALLOCATION SPACs are my best performing positions at present - basically, they are a faster, easier alternative to IPOs and they're in a bubble. They offer downside protection if you can buy them at $10, so my strategy is to buy in at $10-12 and then ride them to $20-50 depending on hype and how price action develops. That's minimal downside, decent upside. For this reason I'm building cash reserves in my equities account, this is my focus until Q1 2021 and then I'll re-assess. It's a no-brainer for me (credit to SPAC Mikey for the inspiration). Crypto-wise I'm only on BTC for now, closely monitoring alts and looking for a market-wide move to the upside. I plan to scale in to DeFi majors over the coming weeks to months - BINANCE:YFIUSDT , BINANCE:SUSHIUSDT , BINANCE:DOTUSDT and BINANCE:AAVEUSDT . For now I am watching and waiting with crypto - what I've found is most people scale into alts far too early in the crypto space due to confirmation bias - they love alts and never seem to trade other markets so they can't see the wood for the trees. It really skews your perspective to only trade one market as a trader and this is my biggest regret from 2017/18, so I'm making sure not to be a crypto-only trader going forward. >> TARGETS FOR JANUARY Here are my targets for next month: Put in place a routine for market and asset analysis - for example, chart BTC daily every week, look for new SPACS every day Build up a new watchlist of decent traders and analysts - do a study of their technique and what tools they use Set up a "day-trading only" bag with small position sizes - purely for trading practice, to get better at identifying and executing setups Create a Trello board to track catalysts for SPACs (letter of interest, definitive agreement, ticker change). Do a deep study of 1 trading topic - for example, Wyckoff analysis. That's it for this month - thank you so much for reading!
I
by theponzimaster
GBP/JPY Looking for a BUY, but so far NEUTRAL!Hey guys! Here is a nice set up on GJ. Currently the market is in a 30 pip range and is pushing towards a resistance area and testing the previous high identified on the 1H chart. I want to see a break of this resistance area and then target the high that is identified on the 4H chart which is also a very strong area of resistance. This trade all depends on whether the market rejects the 1H resistance or whether it pushes through and gives me an opportunity to BUY! Please feel free to like this post if you agree with the set up and share your thoughts in the comments section!
by ShaunGadd02
Paper Trading on TradingView: 3 Simple StepsI’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades. If you are brand new to trading and haven’t yet used a paper trading simulator, you should. Some people won’t use a paper trading simulator when they are first getting started because they don’t feel like it’s an accurate representation of the real markets. They’re right to an extent. You’re not risking real money, so you’re not going to experience the emotions that come along with it just trading in a simulator. Even with that said, I’m still a huge fan of trading simulators. Think about it, when pilots are training, before they are able to actually fly, they spend hours and hours on the ground training in a simulator. Why Should I Paper Trade? There are two main reasons I want to show you how to use TradingView paper trading as a stock market simulator. 1) You want to test your trading strategy. A solid trading strategy has three elements to it: - Knowing what to trade. Are you trading stocks or options? - Knowing when to enter. - Knowing when to exit, at either a profit or a loss. These are the main elements of any solid trading strategy, and it doesn’t matter what strategy you’re trading. It could be a strategy like the PowerX Strategy or The Wheel, it doesn’t really matter. You want to make sure that the strategy actually works which is why you want to test it to make sure that you understand the rules so that you’re not making any mistakes. If you are making mistakes, it’s better to find out when you’re not risking real money. 2) The second reason why you should trade on a simulator first? To gain confidence. Whenever you have a new strategy, you might be wondering if it actually works right? This is why when you use a simulator to test your strategy and you see that it works, you get more confidence because now you get some actual numbers. So you will know your winning percentage, your average profit, your average loss, and other important numbers. Setting Up TradingView To Paper Trade TradingView is a free tool that you can use as a simulator, and you may already be familiar with it already. I use it a lot. So here is a step by step walk-through for how you can use TradingView as a simulator. 1) Step one. You need to connect paper trading, and in order to do this, you go to the “Trading Panel” tab at the bottom. Once you bring it up, you can choose your broker and log into your brokerage account. On the very left side, you see “Paper Trading.” Click that. 2) Step two. You want to reset your account. You might be wondering, “Why should I reset my account? I haven’t done anything yet.” This is because your account will start you off with $100,000 by default. This may be a fun fantasy, but maybe not exactly your trading account size. It is very important that you mirror the size of your paper trading account with your real trading account. So, therefore, you click on the gear icon that will show on the right-hand side, and then in the dropdown menu, you see “Reset Paper Trading Account.” Once you click that, it will prompt you to input your desired starting balance. So if you are planning to start with $10,000 in your real trading account, start with $10,000 in your paper trading account. If you are starting out with an account of $20,000, enter that instead. You get the idea. Then just hit “Reset.” 3) Step three. You will have to adjust a few settings and before I walk you through an actual order. Right mouse click anywhere on the screen in your charts. In the menu, you will see the fourth item down is “Trade.” Go ahead and click on “Trade” then click on “Create New Order.” When you click on Create New Order, you have an order ticket appearing on the right-hand side of your chart. You will also see a gear icon. Click the icon to change the settings, and these are the settings that I personally use, so I highly recommend these. - Uncheck “Show Order Price In Ticks.” - Check “Show Quantity In US Dollar Risk” - Uncheck “Show Quantity In Percent Risk.” - Check “Show TP/SL Inputs In USD,” (that’s Target Profit & Stop Loss). - Uncheck “Show TP/SL Inputs In %.” OK, so this is the basic settings in order to use the simulator. Now let me show you exactly how to use it in conjunction with the PowerX Optimizer. Using TradingView With The PowerX Optimizer The PowerX Optimizer is a tool that I personally use to scan for stocks to trade. When the stocks come up on the list I quickly go through the list and I’ll look for stocks that have no gaps, good upside/downside trend-ability, and I want to see a nice P&L chart. Let’s pretend the PXO pulled up the stock PLUG as a recommended stock, and use it as an example. Now, remember what I said about how a trading strategy should tell you three things. It should tell you what to trade when to enter, and when to exit. This is exactly what PowerX Optimizer does. Now here is how to use TradingView’s paper trading simulator in conjunction with PowerX Optimizer. The PowerX Optimizer will show you how many stocks to trade based on your account size, when we want to enter, and when we want to exit. What you want to do in TradingView to fill in the quantity and where exactly we want to enter. And according to PowerX Optimizer, we want to buy, but we don’t want to buy it at the market price, we want to buy it when it reaches the “Buy To Open” price in the data window on the upper right. Let’s just use the price of $18.89 as a place holder for this example. Let’s also assume it suggests buying 55 shares based on the account size. And then we can also specify our profit target and our stop loss. Now PowerX Optimizer will give you a the profit target in the “Data Window,” lets say for $26.63. We can then also specify a stop loss, and PowerX Optimizer tells us when to get out of this position with a loss. For this let’s use $15.26. So according to the PowerX Optimizer, with our $10,000 account, we would risk $199, almost $200 trying to make $425. So our risk-reward ratio, as you can see here in PowerX Optimizer is 1:2.13, also seen in the “Data Window.” So then all you need to do is click on “Buy Nasdaq” after you’ve entered all this in TradingView. Remember, this is not being executed as your broker. This is a simulator. So you don’t make and you don’t lose any money. This is for testing your trading strategy and gaining confidence. So let’s just say buy and you see the order is sent right now. Once the order is placed you will now have one position and two orders in the market. Those orders are a sell limit order for our profit target, and a sell stop order for our stop loss. So as you can see, it is super easy to use this simulator here in conjunction with PowerX Optimizer. You can now change the orders that you do have in the market here, so you can change them to a different price by clicking the little edit sign you will see on the right hand side. So you see exactly what you have right now, what you bought, you have the working orders, you have the filled orders here and now, if you would change any working orders, for example, if you want to change your stop loss, you just click on the edit here and change it to any value that you want. By the way, the right way to move your stop loss is always closer to your entry price, never away. Never, ever give a trade more room, it usually ends in disaster. Summary So this is how this trading simulator works. First of all, why do you need a simulator? It is just to first test your trading strategy to see if you understand the rules, and to see if the trading strategy works. Finding all this out will gain your confidence, all with no risk. You can set up your TradingView account for paper trading in three easy steps: 1) You connect the paper trading account. 2) You reset it to the account size that you are planning to trade. 3) You modify the order settings. Very simple. Then you just pick any stock that you want. The best thing is, is it’s free. I highly recommend that you do this. You literally have nothing to lose.
TVC:NDQEducation
by rockwelltrading
16
16/11/2020 XAUUSD Leaning bearI started on my plan around 3 hours ago when price was near my 1900 resistance but now it had come back down to my bias zone. I wanted to say that gold looks over-extended but in the lack of any bearish setup, we look to be going higher. But now it is back to neutral and I am leaning bearish. Wait to see reaction.Go long only on bullish setup, targeting 1899.26-1900.96, 1909.38, 1921.2. In the event 1935.4 trade today, I think it will present a low risk sell level. If 1886.6 breaks, look shorts to target 1876.5, 1863.84, 1853.8. 1848.00 was last week low's and if we reach here, should see a bounce.
OANDA:XAUUSDShort
by FadeMeIfYouCan
Does Trading Really Work?I’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades. Does Trading Really Work? What I want to talk about today is, does trading really work? Because sometimes it feels that you’re going one step forward and then two steps back, doesn’t it? Yesterday, Rosemarie shared in one of my private Facebook groups. She asked: “How is everybody doing? I got out last Friday losing most of my gains, and yesterday I got stopped out of a loss during the same day and today I put on three trades, two long and one short, and they’re all in the red. Is everybody in the same boat or staying out of the market?” What is going on here? Does what Rosemarie shared sound familiar? This is where sometimes it really feels that you’re not moving. And let me show you what’s even worse. Traders will often look at some charts for big percentage movers and say, “Oh my gosh!” and will get in too late. Usually it’s penny stocks for companies like CARV . Very recently this stock went from $2 to $22. Another example of a stock that did this was COHN which was trading at $4 and then skyrocketed. These two stocks were up 300% & 137%. When you see this, you’re wondering, “Why can’t I do this,” right? They see a price spike, and buy a stock with no strategy in mind. You see, doing something like this with penny stocks it’s like winning the lottery. Have you ever heard of CARV before? They may have shot up, but then they came right back down. This is what usually happens. What goes up must come down, especially when it has these parabolic moves. 2 Things Needed To Trade Successfully So I want to share a little bit of what I have experienced in all my years of trading. You see, in order to trade and to trade successfully, you must have two things. 1. A Solid Trading Strategy The first thing that you need is a solid trading strategy. I’ve talked about this before. What exactly do you need in a trading strategy? What to trade Well, first of all, a trading strategy needs to first tell you what to trade, right? I mean, what stock, what option, what binary option, or what future market, it doesn’t really matter. When to enter It also has to show you when exactly to enter a trade. When to exit Then we need to know when to exit a trade. When it comes to exiting you can either exit with a profit, I mean, this is why we are trading, or you’re exiting with a loss, right? Both ways are possible here, and this is what a solid trading strategy does for you, it gives you this information. Now, as you know, I personally like to use the PowerX Strategy. This is the strategy that I like to trade here, and this is exactly what strategy Rosemarie is trading. 2. You Must Have Confidence In Your Strategy Now, the second thing that you need, based on my experience, is you need to have confidence in your strategy. We talked about this before, if you don’t have the confidence, you start chasing shiny objects, you jump from one strategy to another, from one newsletter to another, or you buy more & more tools. At least this is what happened to me in the beginning when I was lacking confidence. So confidence is absolutely important. Now the key question here is, “How?” People ask me all the time: “How do you have so much confidence in your plan?” Well here’s my answer: I know my numbers and I know what to expect. How to know what to expect You see, for example, how do I know what to expect? As I mentioned, I’m using the PoweX Strategy and I am using the PowerX Optimizer to find the best stocks and options to trade. That is the software that I use every day I’m actually using it at night to find the best trades, and then I confirm them the next morning. This only takes me, what, 15-35 minutes a day. When I run the software, I look for certain stocks and I look for stocks that give me at least a 60% return on my investment, per year. This means I’m expecting 5% per month. Now, I’m always happy when I’m surprised in a positive way, but these are my minimum requirements. I’m also expecting a 40% winning percentage. These are my requirements and yours might be different, but this is what exactly I’m expecting. A 40% winning percentage means 6 out of 10 trades are losing trades. I also expect a profit factor of at least 3. Now, what does a profit factor of three mean? It means that for every dollar that I lose, I expect to make at least $3 in return. So this is my ratio, and again, yours might be completely different, but this is what I’m looking for. So these are my expectations when trading the PowerX Strategy. Real Results From My Trading Account So let me show you some real results. As some of you may know, I opened a small account with tastyworks. I put $20,000 into the account because I wanted to see how quickly can I grow this account. I have been trading with my trading plan, on this account, and I want to explain to you exactly what happened. These were my statistics. These results are from June 17th, and went back almost a month prior to May 19th. I got 192 signals from the PowerX Optimizer Software in total. I then ruled out a few stocks according to my trading plan. I had 41 triggered and 31 filled. So this means over the past four weeks I’ve taken 31 trades. Now out of these 31 trades, 9 trades were still open, and I closed 22 trades. Now out of these 22 trades, I closed 6 with a profit and 16 with a loss. Now, I’ve just covered with you what I expect, and 6 out of 22 trades is 27%. So right now, my winning percentage is 27%. I expect a 40% winning percentage, right? So here, the strategy was underperforming. This is very important to understand because when you are trading a strategy, and you’re expecting a winning percentage of 40%, it means that in the long run, based on my experience, a good number of trades to look at is 40 trades. This is what you want to see after 40 trades. However, I only closed 22 trades, and it’s absolutely normal for every trading strategy to have times when they’re underperforming, or when they’re overperforming. You see, when trading, you don’t have this straight line that goes up from the lower left to the upper right, it doesn’t work this way. There will be dips, here & there, and you will see that sometimes it’s just going sideways, maybe even down, and then it takes off. So at this time my account was definitely underperforming, but over the next few weeks, I expected it to overperform. At this time, the account was underperforming, because the markets were nervous about what was going on with the virus. During these trades, markets were definitely nervous due to uncertainty with the rising number of new cases of Covid-19. I mean, we had a spike in cases in Florida, Texas, Arizona, but then overall, it seemed that our economy was rebounding, so these were definitely tricky times to trade. So this is why my account was underperforming, but there is more to it than that because again, the winning percentage is only one of the important factors. What I also expect is that I have a profit factor of 3 to 1. I was not quite there yet because my average losing trade was $200. This is very important to note here that I was keeping my losses small here. Think about it, this was a $20,000 account. So $200 per losing trade is 1% and the average winning trade is $433. So my loss after four weeks of trading was only $600. I told you I’d give it to you straight, and even though I’m really good at trading, I wish I could tell you that I’m always winning, but after four weeks of trading here, I had a loss of $600 in a $20,000 account. This loss however is only about 3%. That’s nothing, especially if that my average winning trade was $433. This means that one winning trade will get me close to break even, and a few more winning trades, and I’d be back up. I want to share something else with you. In my company, Rockwell Trading, we have a team here, and some of the team members are trading. One of the team members who is trading is Alex, who is responsible for all the tech support for the website, and all the backend stuff. We had a conversation through Skype about the trades he was taking at this time. Alex said: “I’m trading right now and I’m not doing well.” And I said: “Well, I’m not doing well either. Look at this. Check the stats, 22 losing trades, only 6 winning trades.” Exactly how I explained it here in this article, to which Alex replied: “Yes, I’m surprised you’re only down $600.” I asked him: “Why are you surprised? I’m keeping my losses small. This is the secret here one winning trade will bring me back to break even.” Alex had a realization and said: “I’m surprised that I’m only down $155 a month, and two more winning trades, and I’ll have a decent profit.” So you see, this I believe is the key. You have to keep your losses small. Is It Possible To Make Money Trading? I’ve been trading for a long time. I can’t remember exactly how long, but more than 20 years. I can give you my answer. YES, it is absolutely possible to make money with trading, and there are a few things that you need to consider. 1. Trading Is A Marathon, Not A Sprint Number one, trading is a marathon, not a sprint. When you see these crazy claims about “how you can turn a thousand dollars into a million dollars,” or “never have a losing trade again,” or “make 1,000%,” run away! I mean, here, I’m as real as it gets. I’m sharing my real results with you, from one of my actual accounts. This is one of my smaller accounts, and I have a total of 8 accounts. The results of this account are pretty typical of all the other accounts I’m trading on. 2. Stay Focused Number two, is it possible to make money with trading? Yes. Stay focused. Don’t jump from one trading strategy to another one. That is one of the big mistakes that I made in the beginning of my trading career. I mean, this is where I started trading a strategy and then when it underperformed, as this one did, I jumped to the next trading strategy, and then I jumped to the next trading strategy. 3. Stay Disciplined The third thing I believe is absolutely important is to stay disciplined. Let me tell you a story really quick. So my kids are sailing, and so we go to regattas all over the country. A few years ago, we went to a regatta in New Orleans. In the evening after the first day, one of the dads, Tony said: “Hey, you know, what? Do you want to go to a casino and play, gamble a little bit?” And I said: “Well, not much of a gambler, but sure, why not?” Tony and I went to a casino and we decided to play blackjack. I think we had about $500 each and, here’s what happened. Tony had a few losing hands, and after a while, his chip pile was down to half the money that he had. Now, I’m very conservative, as I’m really not much of a gambler, I barely know the rules of blackjack. Well when Tony was down almost half of his money, decided for the next round he was all in. No more discipline. All in. Does that sound familiar? What do you think happened? It was another losing hand and so we left the casino and Tony wasn’t so happy. This is also what I see happening to traders. After a few losing trades, often they do something stupid. I also did this in the beginning of my trading career. In the beginning of my trading career I clearly said: “You know what? After a few losing trades now let’s just increase the bet size and try to make back the money that I lost.” Have you ever done it? Because if so, you know exactly what happens. So it is super important to stay disciplined. How do you stay disciplined? How do you stay focused and disciplined? This is where we go back to having confidence. And you see it’s a full circle. And how do you have confidence? By knowing what to expect and by knowing your numbers. Has this been helpful to understand a little bit of what’s happening right now? And if you have a losing streak, it might not necessarily be new to you. Know what to expect and know your number.
TVC:SPX
by rockwelltrading
1
Power of Investing lies in your Individual Method Everything can be thought. But not everything can be learnt. Developing a risky instinct in investing is not something you learn. It’s something you are born with. Then you are given the power to share it. Agree? Probably not. It’s understandable. I went into stock trading not because I dig and sturdy deeply into companies’ financial and books at first hand, or mastering the art of options trading, rather I went into it simply because of self possessed gift of intuition to make risky calls that contradicts the majority, which often turn out favorably. Investing is a game, not a gamble. Contrary to the general method of investing, I buy a stock based on instinct then I start digging further in its books and financials to justify the instinctive decisions. Yes, I often lose. But yes, I often gain more. The reward comes from balances and checks that falls in favor of more profits at the end of the day. Take an example, on a 3 day stretch Oct 25th-28th, we all witnessed over 95% of stocks thrown downwards to a darkening red (nearing all time lows). Meanwhile, calls on Ford, GE, and Kodak (I made back in July when the market downgraded them to “Strong Sell”) kept a shiny bright green of blocks (upwards momentum). Now that was some risky calls that paid off. So it begs to ask… What exactly is the rule in stock investing for winning profits? Are there standardized rules to follow? And are these rules created by the 10% of winners, and gets passed down for the mass to follow? There’s the old saying: Read all that works, but never follow them, there’s a reason it only works for the less than 10%. (OK I made that up, but its true). The power of investing lies in your individual method... not the market (standards).
NYSE:FEducation
by RiskyInstinct
1
LTOBTC Intraday Trading OpportunityTechnical analysis with the Automatic Engulfing Strategy the reverse from downtrend to uptrend for LTOBTC. The resistance line demonstrates the local downtrend which is over with the breakdown. During the price drop the AD line was horizontal, which means the equal bullish/bearish pressure. In total with the price fall it can be the evidence of the downtrend end. We expect the 2.8% price growth from 0.00000557 to 0.00000572. The alert was automatically executed by SkyRock Signals trading bot.
Long
by Skyrexio
What Is a Trading Strategy and Why Traders Must Use ItI think I won't be far from the truth if I say that novice traders think about trading signals and trading strategies as the main components of their profitable trading in the financial markets. They are wrong, but they will need time and enough knowledge to understand their mistakes. It is obvious that novice traders think that if they know when to buy and when to sell in the market, they will make money. But the reality gives us about 90% failed traders who succeed only in destroying their capital. Trading signals won't make your rich if you know nothing about trading. If we talk about trading signals, we can say that they are useless for the majority of traders. But trading strategies, which produce trading signals, it is another tool which definitely worths your attention. In this post, let's talk about trading strategies. What is a trading strategy? What type of trading strategies can you use? Why do you need to use trading strategies? How to pick the right trading strategies? In simple words, a trading strategy is a list of rules which describe when to open a trade and when to close it. A trading strategy gives you a signal for buying or for selling. It tells you where to place stop and where to place profit targets. Some trading strategies can include information about the risk level and how you can manage open positions. But I would like to talk about it in the context of money management strategies. We can divide trading strategies into different groups using different criteria. Trading strategies can be based on Fundamental analysis, Technical analysis, or they can combine both types. We can divide trading strategies based on the duration of holding open positions, and we will get the following types: - scalping strategies (very fast trades with very close profit targets) - day trading strategies (trades which are opened and closed in the borders of a trading day) - swing trading strategies (when we stay with open positions for more than one day) - long term trading strategies (when we hold positions for weeks and months) - investing strategies ( when we buy a financial asset and hold it for years) We can trade in different market conditions, and for them, we need to use a different approach: - trend-following strategies (when we trade in the direction of the main trend) - countertrend strategies (when we trade against the main trend trying to catch pullbacks) - trend reversal strategies (when we try to catch a trend reversal and join in a new trend in the best point) - strategies for range markets (when a market moves sideways, and we buy from the support and sell from the resistance) - volatility breakout strategies (when we try to catch a strong movement and a beginning of a new trend after a consolidation period). All these strategies are based on different principles and must be used properly in order to avoid false signals. For example, if we use trend-following trading strategies in a range market, we will get tons of false signals. The same goes for using range strategies in markets with solid trends. Trading strategies can be based on simple Technical tools like trend lines, levels, zones, chart patterns, and a wide range of different indicators and their combinations. What is very important to note? There are thousands of different trading strategies, which allow you to trade in any market, timeframe, and in any market conditions. There are a lot of good trading strategies which can be profitable in the long run. But there are no trading strategies which will give you 100% profitable trades. You must understand that any profitable trading includes trades closed by stop orders. Drawdowns are a part of any profitable trading as well. When someone tells you that this trading strategy has 100% win rate, you are talking with a clown but not with a trader, and you shouldn't use such a trading strategy. You should note that in order to succeed in trading, you must have at least one trading strategy. When you jump from one market into another market and you trade without the exact rules, you have very good chances to fail. You aren't consistent in your trading decisions and it leads to unpredictable trading results. Of course, you can expect that you will be so lucky and take part in only profitable trades. But the reality can be far from your expectations. Trading strategies allow a trader to be consistent. You have the trading strategy. You trade again and again, following the same rules. You pass through drawdowns. You pass through profitable periods. You are profitable in the long run because you use the proven trading strategy and realize its potential. What else you should note? A trading strategy must suit you like shoes. You don't wear shoes which don't match your size, right? The same goes for trading strategies! They must match traders' nature, lifestyle, goals. When you use the right trading strategies, you feel comfortable. It is a good way to avoid mistakes in trading. There are no perfect trading strategies if we talk about trading results. But there are trading strategies which perfectly suit you! You have to use such trading strategies! Before using any trading strategy, even if you are sure of its profitability, you should backtest it. You will see all ups and downs of your equity curve. You will see the periods of drawdowns and how the strategy can manage it. You will see the weaknesses and strengths of the trading strategy. Based on the information from backtests, you will be much more confident in this strategy when you start real trading. It will also be good to start using a trading strategy in a demo account first. And I guess you have a question, where you can get a trading strategy? There are two ways. Of course, the simplest way, you can use trading strategies developed by other traders. Google search will help you with this task. Also, ask your favorite traders to share their trading strategies. Pick the most suitable variant for you among thousands of different strategies. Don't forget that you must feel comfortable using the trading strategy. The 2nd way is the best for any trader. It needs more knowledge, experience, and time, but it allows you to get the strategy which 100% suitable for you as a trader and it is oriented on reaching your goals. I'm talking about the way when you create a trading strategy for yourself. Concluding, I want to say that there are a lot of variants of how to make money in the financial markets. There are a lot of trading strategies that work and they are profitable. You just need to pick the most suitable trading strategy for you and use it properly. Don't spend your time trying to find a strategy that will give you only profitable trades. There are no such trading strategies! Also, please note that it is impossible to succeed in trading if you don't use a trading strategy or portfolio of trading strategies. I really advise you to stop searching for useless trading signals and focus on the tool which really can be helpful for you. Trading strategies give you what you need, and they make from you an independent trader. You trade in the markets you want and how you want. You follow your own trading plan, which helps you to reach your own goals in the financial world! I wish you good luck!
KRAKEN:BTCUSDEducation
by DLavrov
18
BTCUSD: Be careful.Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways: Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon. Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower. Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
by Cryptonerds
2
50MA Trading Strategy - Potential Entry Point for Big DropPlease comment below if you have any feedback and LIKE if you agree with the idea. TYPE OF TRADE: I am looking for a great setup that could form soon for a SHORT position. CONDITIONS TO TRADE: I will be looking for 2 specific conditions to enter into a short position - This 2 year resistance holds and doesn't get broken...even by a wick. - We close below the 50MA Note: I have put 3 possible scenarios that could play out that would satisfy these conditions (don't look into the periods of them too much as I have drawn them roughly) OTHER NOTES: The reason why I am really excited about this potential trade is we are near the 2 year resistance and if we reject off it this could be the big move we have been looking for. FUNDAMENTAL ANALYSIS: - We have had a surge in stocks around the world but what worries me are issues of: -Supply chains being disrupted -Could trigger more bankruptcies -COVID-19 cases rising -This is the original catalyst that has caused the unsteadiness of the markets -COVID-19 uncertainty -Are we re-opening too soon...only time will tell -Unemployment still rising -What are people doing with their incomes? -Housing prices and Banks health -Nothing as of yet but the potential problem if housing drops and banks' security to people's loans becomes a risk for the banks. I will continue to update this trade idea as we progress but please comment as I would like to hear peoples thoughts on my ideas. Note: I have put a link to what my 50MA Trading Strategy is and what drawbacks and risks it has.
FTX:BTCUSDShort
by CarlsonCryptoTrading
BEWARE FIRST & LAST SESSION HOUR- KDD CORPORATION-30MN- MY IDEASAfter a past long ranging period , we can observe that the KDD CORPORATION curve in 30mn has been at first descending. After a short period with flat movement we observed a change in direction, seeing now the market going up back to the former ranging zone. We see that there is a huge amount of fight between buyers and sellers. For the time being, buyers win! Illustrated by two strong buying signals opportunity to get profits in the long direction. Next: -High probability of seeing the market running up more even in this slop angle. - Beware of the first and last hour of session , major moves has been happening during those times. - Possibility of a short entry around the top dotted black line which is a strong resistance point OR if we observe a large candlestick (one unique candlestick ) going down to break all lines and reshape the market.
TSE:9433Short
by Diallo_Charts_Ideas
How to Trade Bull & Bear Pennant Pattern | Pennant Tutorial !Pennant Chart Patterns Tutorial ! Pennant Pattern : Pennant Patterns are continuation chart pattern, forms when price of a security or asset makes strong upward or downward movemnt followed by a consolidation period with converging trendlines which forms a pennant before continuing to move in the same direction. Bullish pennant forms in a bullish trend market and Bearish pennant forms in a bearish trend market. Bullish Pennant : Bullish Pennants are bullish continuation pattern that occurs in strong uptrends and it forms after a sharp climb in price then a consolidation period with converging trendlines. After formation of the pennant, price breaks above the upper trendline of the pennant and continues the bullish trend. Bearish Pennant : Bearish Pennant is the opposite of a bullsish pennant. Bearish pennant forms after a sharp drop in price then a consolidation period with converging trendlines after that price makes a brekout below the lower trendline of the pennant and continues the bearish trend. (* Key things to know : In a pennant pattern the period of consolidation should have low volume and the breakout should occur on higher volume like most pattern. Above average volume confirms the breakout. You can also use other indicators like MACD or RSI to know the strength of the breakout. Look at below detailed examples - ) Please Like & Comment and Stay Tuned ! 👍 Thank You-
BITSTAMP:BTCUSDEducation
by tapasdhanadana
5