Wave Analysis
How To Analyze Any Chart 📚 Gold Example 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
HOW TO PROPERLY IDENTIFY THE STATE OF THE MARKET TRENDHey guys! Hope you're doing amazing! Posting my first educational video here to help you guys with being able to identify what state of the trend the market is in; whether it be early, mid-trend, or at the end or a mature trend. I feel this can really help you with your ability to hold trades and your confidence and conviction when placing trades and placing your take profit areas!
But that's enough of me! Enjoy the video and please like, follow, and comment for more educational videos!
Cheers!
HOW TO: Lesson 2 - Learn from the Master's Wyckoff and WeisThis video explains the Change in Behavior concepts as well as Effort vs. Result and how Speed Index is filling the gap of quantifying these concepts.
Enjoy!
PS. I am really sorry about the mouse I had some windows 11 issue during recording.
Trading week recap for NASDAQ, DOW, DAX & FTSE (01/07/2023)We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better?
This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
Something went wrong with the recording for the last part on the FTSE. We continue the analysis on Monday.
Target Reached! XAGUSD ReviewPrice reversed strongly from our resistance level to the support level at 22.20. But how did it happen?
Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal.
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how to trade any market on any timeframeThis video outlines the "ici" pattern I use in my trading. This is a trend following price action trading strategy that has good risk to reward and high probabilities. This pattern takes advantage of the natural wave like nature of any market and appears on every timeframe.
Steps
1. Identify long term trend
2. Identify ici pattern in direction of the market
3. Enter trade based on your entry criteria
Introducing the Dual Dynamic Fibonacci Retracement IndicatorHey there, Stock Justice here. Today, I walked you through using the Dual Dynamic Fibonacci Retracement Levels Indicator on TradingView. This powerful tool calculates pivot points and determines Fibonacci retracement levels based on your position in the market. I explored every input, from lookback periods to toggling extra levels, to shifting and extending lines. We also delved into the use of two sets of Fibonacci levels to identify areas of confluence for more robust trading decisions. With vivid colors marking each retracement level and the flexibility to modify the lookback period, this indicator is a game-changer for pinpointing support, resistance, potential reversals, and continuations. Remember, the magic is in the details. Happy trading!
LECTURE ON FIBONACCI TOOLFibonacci retracement levels work on the theory that after a big price move in one direction, the price will retrace or return back to a defined price level before resuming in the original direction. Traders use the Fibonacci retracement levels as potential areas of these reversal.
Important to Understand About Leverage and Your Own EquityHi Everyone! This is simply a brief summary of WHY it's important to understand how to use leverage. We should always start (begin) with how much of our own equity we should allow to be at risk of liquidation. I personally allow myself to use up to 3 percent of my TOTAL equity in a position; while also allowing the price action to move up to 15 percent against my SWING position. This tutorial is referring to SWING trading and NOT scalping.
I'm not going to take the time to write down everything here in the description. The content in the video should be sufficient to help one understand how to determine your position size. Your position size must rely on the following:
How much of my TOTAL equity should I risk in a leverage position?
What percent will I allow price action to move AGAINST my position before liquidating my position?
Knowing those two (2) things (above) helps you determine the proper size of your position and how much leverage you should use in that position to avoid losing more than I intended.
IMPORTANT: MAKE SURE YOU ARE USING ISOLATED LEVERAGE RATHER THAN CROSS LEVERAGE. Why? To avoid losing more of your total equity. Especially, if you did not setup a stop loss. It's best to simply use "isolated" leverage where at all possible.
Remember... This is NOT a detailed tutorial on margin (leverage) trading. The main purpose of this tutorial was simply to point out how to manage the amount of your TOTAL equity you are willing to risk in any given trade... Why? Because doing this also helps you determine what should be the proper size of your position. However, you cannot know the proper size of that position if you do not also factor in how much of a move you will allow AGAINST your position before being liquidated.
I'm not sure if this is confusing or not. It may be quite confusing to many and not so confusing to others. This is why it's best for you to watch the video.
Thank you for your valuable time!
Happy Trading and Stay Aweosme!
David
AW - Bitcoin Crypto Depression Explained - Learn The Waves...In this video I explain to you WHY I am calling it the CRYPTO DEPRESSION.
Not because I like to spread FUD like some simple-minded people would think.
But because I have evidence to back up my claims.
If you want to go against me, you better have some EVIDENCE to back up YOUR claims.
I created AriasWave for this very reason, if I cannot justify putting on a trade using a proven methodology then I will lose money.
How do I prove it? By continuously improving how I use the methodology in real-time in every update I post.
Yes, this is the real deal. Yes, you will find out just how real it is and yes you can learn it.
See for yourself, whenever I post a video, I use a very specific way of labelling the chart.
The complete understanding of every wave that will ever occur in the market and in the exact order will make you UNSTOPPABLE!
If you practice.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
What is Exchange TimeHi Everyone! Someone asked, "What is exchange time?" I hope I provided an explanation as to what "exchange time" is. It's basically whatever time zone the exchange is located. Yes, you could change the time zone in the chart settings to the time zone you are located. However, it's possible you and another person you are talking to might get confused as to when a particular candle begins and how much time remains in that candle.
In my opinion, it's important to have all your charts setup to "exchange time" within the chart settings so that there is no confusion when discussing analytics that involve how much time remains in a particular candle; or how much time has already passed within a particular candle.
I hope this was helpful. Please feel free to add to the conversation with any explanation you may want to add in the comments section.
Stay Aewsome!
David
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published.
Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules.
Entry price based on breakout
No moving target - using flat target.
Entry is done based on risk reward
Not time bound
Intelligently decides whether to place stop order or limit order
Few possible future improvements
Make bidirectional trades possible
Better filters to chose long and short trades or when to trade
Lot can be improved on Wolfe scanner to identify more patterns
Exit strategy - can introduce optional trailing
Thanks for listening. Hope you enjoyed and learnt something from this :)