Get started

Wave Analysis

HOW-TO: Use multi time frame Analysis with the MTP ScriptsIn this How-To video, we take a look at how to use a Multi time frame approach when using the MTPredictor Script. As an example we take a look at a recent Chart of BTCUSD on 15min / 1hr Charts  As you will see from the video, the idea is that we look to only trade on the "Shorter time frame", when we get a clear picture, using reversals at our MTPredictor Decision Point DP) levels on the higher time frame charts. At other times, we deem that the market is in a Random picture and as such the picture is not clear, therefore no Analysis should be attempted. Remember, MTPredictor is not a "Black Box" system, where all signals should be taken, we only suggest considering trade setups, when there is a clear picture on the Higher time frame charts, as shown in this example. Please also remember, that no matter how clear the picture may seem, losses can and always will unfold when trading, that is why Stops are vital. Please keep your losses small, and then look to run your Profits. The aim is, over time, to have Profits that are larger than the losses, which does not mean a high % of winners, just that the winners are larger than the losses over time. Size does really matter in this case. Lastly, please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
COINBASE:BTCUSDEducation
by MTPredictor
Gold: How to Combine Technical & Fundamental To Get Best ResultsWhat Does Market Really Follow? We all know that market is normally run by based on Technical Analysis, Fundamental Analysis, and Trading Sentiment. If you want to get a high result on your trade, you must combine these 3 analyses. As USD and Gold both are safe-haven currencies and reserve currencies as well. USD and Gold have a negative co-relation. If the USD rise, Gold will drop. If the USD drops Gold will rise. Which Fundamental Factors Are Responsible for Golds Move? 1. US Economical Reports 2. World Wide Economic Conditions 3. Man-made or Natural Disaster (For the moment Covid Situations) 4. Political or Economic Crisis 5. Central Bank's Rate Decision and some other reasons. What to Do Firstly? You must have a look at US economic reports. US job Market Report, CPI, Manufacturing Reports, and FED economic Overview. If most of the fundamental reports are positive from the USA, that means fundamentally USD is in a good position, which means Gold has a chance to drop. especially CPI / Inflation reports are important for hiking bank rates. So, if you see recent most of the high-impact reports are positive, that means gold has more chance that it will drop and FED is going to deliver the hawkish statement. FED's hawkish statement will give an extra benefit to USD what is negative for Gold. What to Do Secondly Now see your technical chart. A trading view has many awesome tools to draw your Technical Charts. Personally, I do follow pure price action. Based on your chart analysis, find an entry rate, exit rates, and where the stop loss and profit should be put. You can use any kind of technical tools, indicators of what is suitable for you. What To Do Thirdly? To get the trading sentiment, Option expiry and Cot reports will help you a lot. Especially cot reports are free, so check last cot reports. Day Traders usually follow non-Commercial contract positions. if you are a day trader checks a non-commercial contract. if most of the contracts are in a short mode, that means banks, hedge funds, and other financial authorities are selling more. commercial contracts are also very important. because they are big guns and big companies. you should also check their position. Non-Reputable contracts are not really important. How Will I Combine Technical and Fundamental Analysis and implement to my trade? This is the final part. If you see most of the US economic reports are positive in recent months, especially job market reports, manufacturing reports, and Inflation reports. In this case, most of the time FED delivers a hawkish statement. So, you think for Buying USD and Sell Gold. If you see US Economic reports are not supportive, then think about selling USD and buying Gold. This is the first part. I will write details about it in my second part. till then keep reading. If you think this article helped you then, like, comment, and share with your trader's community.
TVC:GOLDEducation
by Gold_Trading_Expert
4
HOW-TO: Use the MTP WPT Script to project Elliott Wave TargetsIn this "How To" video, we take a look at how to use the MTPredictor WPT (Wave Price Targets) Script to project, in advance, possible areas where a manual Elliott Wave count is likely to end. First, you must have your own idea of an Elliott Wave count that you you wish to use on the chart in question. (How to perform manual Elliott Wave counts is not covered in this help video). Next, you tell the Script which Elliott Wave you would like to project the end of; then you tell the Script which pivots to use for your own manual Elliott Wave count. The Script then places coloured zones on the chart for the areas where the next anticipated Elliott Wave swing is likely to end. The coloured zones (or Wave Price targets as we call them) are clusters of the relevant Fib ratios from the previous swings. The scripts knows which ratios to use for which swings and then does the calculation to cluster the relevant price levels together for you in easy to see coloured zones. The Scripts can project the WPT zones for the possible end of Waves, 2, 3, 4, 5 and C. Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
COINBASE:BTCUSDEducation
by MTPredictor
2
Setting Up Indicators in Multi-Chart Window for Multiple GroupsHi Everyone! This setup video is a little more informative than previous setup videos. Available markets We provide real-time data for free whenever we're allowed. However, some data is delayed due to specific exchange regulations. Because of this, real-time data must be purchased separately using the page below. US stock market data is real-time and provided by CBOE BZX. Worldwide EXCHANGE DELAYED FREE DATA REAL-TIME DATA Worldwide Currencies & CFDs FOREX.com, FXCM, OANDA, ICE Data Services, Global Prime N/A Free Worldwide Cryptocurrency Binance, Binance US, Bingbon, BitBay, BitCoke, Bitget, Bitfinex, bitFlyer, Bithumb, BITKUB, BitMax, BitMEX, Bitpanda Pro, BTSE, Bitso, Bitstamp, Bittrex, BTCYou, Bybit, CEX.IO, Coinbase, Coinfloor, Currencycom, Deribit, FTX, Gemini, Honeyswap, Huobi, KORBIT, Kraken, KuCoin, Mercado, OKCoin, OKEx, Phemex, Poloniex, SushiSwap, The Rock Trading, TimeX, TradeStation, UNISWAP N/A Free North America EXCHANGE DELAYED FREE DATA REAL-TIME DATA USA ARCA STOCKS NYSE ARCA & MKT N/A $2 US/mo USA NYSE STOCKS New York Stock Exchange N/A $2 US/mo USA NYSE INDICES New York Stock Exchange End-of-day N/A USA NASDAQ STOCKS NASDAQ Stock Market N/A $2 US/mo USA NASDAQ INDICES NASDAQ GIDS 15 min $5 US/mo USA Cboe BZX STOCKS Cboe Global Markets (ARCA, NYSE, NASDAQ) N/A Free USA OTC STOCKS OTC Markets 15 min $2 US/mo USA CME Group (E-mini included) CME, CBOT, COMEX, NYMEX 10 min $4 US/mo USA ICE Futures U.S. FUTURES INDICES ICE Futures U.S. Financial & Commodities 10 min $120 US/mo USA ICE Futures U.S. FUTURES ICE Futures U.S. Digital Asset Futures N/A Free USA CBOE FUTURES Chicago Board Options Exchange End-of-day N/A USA CBOE INDICES Chicago Board Options Exchange 15 min N/A Canada CSE STOCKS Canadian Securities Exchange N/A Free Canada NEO STOCKS NEO Exchange N/A Free Canada TSX, TSXV STOCKS INDICES Toronto Stock Exchange, TSX Venture Exchange (for non-residents) 15 min $12 US/mo Canada TSX, TSXV STOCKS INDICES Toronto Stock Exchange, TSX Venture Exchange (for residents) 15 min $11 US/mo
Education
by WyckoffMode
24