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Five Ways To Use The Multiple Chart LayoutOur multiple chart layout tool gives traders and investors an easy way to study multiple symbols or timeframes at once. In this post, we'll explain five ways to use the multiple chart layout feature to optimize your process. Chart different timeframes If you look closely at the charts above, you will notice that there are different timeframes for each chart. One is a daily chart, one is a weekly chart, and another is a 30-minute. The multiple chart layout makes it possible to see these different timeframes all on the same screen. If you search for trades and do research on all time horizons, this is an important feature to master. Customize the look and feel of your layout Every trader and investor is different in their approach. That's why it's important to have customization tools available. Each chart in the example above uses a different color gradient as its background. The chart farthest to the right is also a line chart while the other two show candlesticks. When using the multiple chart layout you can create your own custom workspace to match your individual style needs. Diversify your indicators The charts above also show different indicators. For example, the yellow line farthest to the left is a Moving Average while chart in the middle shows a Volume Profile and the chart on the far right shows only volume. You can add only the indicators that matter for each specific chart within your layout. Chart different symbols at once In the example above, we're looking at three totally different symbols, but all viewable on one screen. This way we can follow price action, study similarities, and look for ideas across different assets. It speeds up our research and is another helpful way to monitor different symbols across the market. Sync your charts With the click of a button you can sync the symbol, crosshair, interval, time, and drawings for all charts in your layout. To get started, click the layout button at the top of your chart and then find where it says "SYNC ON ALL CHARTS." From this menu you can select the syncs you need so that they all update instantly. Thanks for reading and we hope you enjoyed this post! If you have any tips, suggestions or feedback to share about the multiple chart layout please write it in the comments below.
NYSE:AMCEducation
by TradingView
75
Statistical approach to risk management - Python scriptThis script can be used to approximate a strategy, and find optimal leverage. The output will consist of two columns, one for the median account size at end of trading, and one for the share of accounts liquidated. The script assumes a 100% position size for the account. This does not take into account size deviations for earnings and losses, so use with a grain of salt if your positions vary greatly in that aspect. Code preview cdn.discordapp.com/attachments/592684708551327764/848701541766529034/carbon.png TradingView does not allow posting external links until you've reached a specific reputation, so i can't use the url feature Input explanation WINRATE : chance of winning trade AVGWIN : average earning per winning trade AVGLOSS : average loss per losing trade MAX_LEVERAGE : maximum leverage available to you TRADES : how many trades per account you want to simulate ACCOUNTS : how many accounts you want to simulate the inputs used in the source code are from one of my older strategies, change them to suit your algorithm Source code pastebin.com/69EKdVFC Good luck, Have fun -Vin
VEducation
by Vindruee
This is why you shouldn't make large MARKET ordersStablecoins are quite stable, right? With minimal volatility, correct? Well, not necessarily on a shallow market, as can be seen on this extreme example of slippage. If the market order is too large, not even arbitrage bots can save the day for the one who set the market order. This was definitely easy money for counterpart with limit order at 6 EUR/BUSD. (Possibly this was also during the time when the exchange was unavailable...)
EEducation
by texnokrates
1
Who makes money playing the markets directionally?> Retail & Day Gamblers: Absolutely no one day gambling profitably has been found to this day, and we keep looking for them. There might be a handful of DAX & Dow Jones traders that make some money, I don't think they outperform the indices. Compare day gambling to regular predation: Ever heard of an apex predator going for tiny prey over and over? Tiger goes for prey at the bare minimum 10% of its size, up to 10 times its size. Also a tiger has a winrate of 5-10%. Same for polar bears. High risk reward is universal. The exception would be grizzlys that found a niche with salmon jumping in their mouths. The hyper massive apex predator going for small prey would be blue whales: They go for lots and lots at once, like a quant fund, not like a day gambler. Traders at banks that have some liberties and hold some positions have an exposure limit at the end of the day. They can't hold Citibank with 10 billion usd just because they want to for example. Intraday they execute orders for clients and you can't stalk them non stop so they have some liberties during the day. So to go around their limits, because they all think they are the wonderboy who will be the next Jesse Livermoore if only the bank would give them their chance, they day gamble. As long as at the end of the day their exposure is below the limit all good. Wonderboys... One of these legends is Jerôme Kerviel. He didn't even day gamble he wanted to make big money so he cheated the system to hide his exposure. And lost 5 billion. Well that's what the bank said, and the government that sent them a big check of taxpayer money never bothered to audit them. Needless to say to this day humanity has not found a single institutional day gambling wonderboy that makes money. It's like looking for life on Mars. In Forex at least 90% of retail "traders" are day gamblers. In stocks a part of retail is made of passive holders, of course hedge fund clients, ETF too, and then there are lots of bagholders chasing the worst possible investment and holding to zero, and lots of day gamblers too. Retail investors in FX have a success rate of close to 0%, and in stocks passive holders underperform the indices at about 99%, retail stock day gamblers either lose money (~95-99%) or underperform the indices. At any given time ~75% of FX retail loses money but this is taking all the ones lucky in the short term plus doesn't account for turnover (winners stay longer). Overall in FX at least 95% of retail will lose, but when you know they almost all day gamble, sometimes with "EA and robots", you are not surprised. The ones that do not day gamble hold losers for ages and get out of winners asap, just check brokers retail positions. At least 80% do this. No day gambling and not holding losers is not even step 1. I would call it step 0. In nature not a single predator holds losers. Videos of predations show almost only the success, but pay attention they'll say "this tiger hasn't made a kill in 4 days" and also sometimes show them "losing", these top predators give up so quickly I am amazed, they ambush, jump, and if the prey starts running away immediatly the hunter just doesn't even try. It's like a law of the universe: losers insist on holding losers. That simple. If speculating had an elo then 95% of retail would have 200 elo, being naturally bad and then add all the bs thrown around the internet and the scams... ==> 200 elo. They're just that bad. Don't even have the nuts and common sense to cut losses which is not even a goal to have it's not even a step. Herbivore prey instinct. Remove all the extremely bad trolls and then it's just a regular business the ropes of which you have to learn. You just can't fix stupid I guess? > Hedge funds: They are (very) public, we hear about them most. Stocks versus Forex: They all go into stocks, in the US there has to be maybe 10 funds dedicated to FX, and their phone never rings. Investors think stocks are magical money machines, they have all sorts of stereotypes about FX the "negative sum game", and also think stocks are better because they can be more diversified with a portfolio of 100 stocks that are all correlated. You can add quants, arbitrage, and all sorts of strategy denominated funds we hear about in here I guess. Most hedge funds mainly hold stocks to make their clients happy, and will do a bit of everything. Even Warren Buffett had a position on USDMXN a few years ago. 1 "different" hedge fund we heard about in 2018 was legend manager James Cordier. He had a good 100 leverage on volatile commodities. You can't say "we never hear of these guys", he had a public fund like all hedge funds, and he even posted ideas on an investing website (I think he did so for 15 years).   1 client with a $1MM account with the guy linked his positions: NatGas, Crude Oil, Gold, Silver, Soybeans, ICE Coffee. JC had positions on dozens of contracts for each of these, on only a 1MM portfolio. > Private equity, family office, venture capital, and individuals you never hear about: Michael Burry started being heard about when 25 or 30 years ago he was posting stock picks on a forum. But he really got famous when he did "the big short". His clients were so mad with him after he made money, I think it is why he decided to leave and start his own thing. I am not sure exactly as I heard his positions were public. There is a private equity guy that posts about economics & geopolitics on a social network, I forgot the name, he manages the money of a single billionaire. Recently we heard about Bill Hwang, another legend. We heard about him because he got liquidated and crashed certain stocks he had massive positions in. Prior to that he started working for an institution, left with a few millions, started his own private business, and turned those millions into billions making 60% a year. Too concentrated and leveraged, he got too big, if he was smaller he would have gotten out without problem. Should have thought about it. You also have some politicians that make record profits... I have an idea on how they make these profits. Clearly they are the ones generating the highest returns. Note that none of these individuals are doing any day gambling. > Pension/mutual funds, sovereign funds, etc: They are running safer, more passive strategies so no one really cares. We care when Norway says they are going to sell 500 million krona, or when China says they're going to dump 1 billion usd on the market. Other Corporate for example. They simply buyback shares with their profits. I think that's it. If you have something to add let me know. We could add funds of funds if we wanted to. What else? That's it pretty much. 60% a year for Bill Hwang is pretty great, too bad he didn't take it easy when he got very big.
TVC:DJIEducation
by MrRenev
1
BENEFITS OF SCALE TO THE LEFTAs a trader we perform a technical analysis based off "historical data" where was the money, how did the money progress to where it is TODAY". Our job as traders is to what? PREDICT FUTURE price action. If my job is to see where price is going (the profits are unlimited) so, the only thing we need to know is where to stop the money and your stop loss is not only based off of your personal financial criteria but also where price dropped LAST ( PAST ) IN BACK OF US. MAKE the future based off of historical facts.
COINBASE:ETHUSDEducation
by CHarrison2021
Double Doji Strategy (How To Scalp or Day Trade this ?)Sure, you can but as with most trading longer time frames are better. Look on attached 15 minute chart- I see around 3 buy trades after Double Dojis or more appeared at a minor or major support area- for quick scalps and/or a longer day trades. For your convenience here is a summary of the rules: 1) Spot 2 Dojis in a row. it is better when they appear after a clear up or down trend ( minimum of 3 green/blue or red candles in a row). 2) Mark the upper and lower border of these Dojis highs and lows. 3) Wait for one of the borders to break. No need to actually wait, just insert 2 pending orders. 4) When one of the orders executed, cancel the other one. 5) Choose one of the three trade management methods and follow it to the letter. 6) Collect profits. NOTE: Please see my previous posted article, related to using Double Doji Strategy on higher time frames.
Education
by Anbat
Introducing The Satoshi All Time History IndexStarting today you can chart, follow, and research the price of Satoshis going back to 2010. Our new index is called Satoshi All Time History Index. Satoshis, or sats, are the smallest unit of bitcoin (BTC). 100,000,000 satoshis make up one Bitcoin. Satoshis are particularly important to the Bitcoin community because transaction fees are often measured as satoshis per byte or satoshis/byte. This makes the unit important to chart, follow, and analyze in detail. In addition, some people see sats as a useful way of addressing unit bias – where people prefer whole units over a fraction of a unit. To get started with our new index, type SATSUSD into the search box and select it from the list. You can also bookmark the SATSUSD symbol page or share the link where needed. We hope everyone enjoys this new addition. Please leave any comments or questions below. Thanks for reading!
INDEX:SATSUSDEducation
by TradingView
52
Using the Fibonacci Retracement ToolFirst, let’s start from what exactly the Fibonacci Sequence is: F(n+1)=Fn+ F(n-1). Now this may look scary to some of you, and you may be having flashbacks to high school math, but all this equation simply means is that the next number is the sum of the previous two numbers. So 0+1 = 1, 1+1=2, 2+1=3, 3+2=5, etc. Here is a simple table for the first few numbers: 0-1-2-3-4-5-6-7 1-1-2-3-5-8-13-21 When we move along the Fibonacci sequence, the ratio of any number and the one preceding it is 1.618 (34/21, 144/89, 987/610, etc.). This is called the ‘Golden Ratio’ or ‘Phi’ Additionally, there are other important ratios related to the Golden Ratio. These are: • .236 – Any number divided by the number three places ahead • .382 – Any number divided by the number two places ahead • .5 – Not really a Fibonacci ratio, but a useful one all the same • .618 – Any number divided by the number one places ahead • .786 – The square root of .618 These ratios are the ones used in a Fibonacci Retracement. What time frame should I use? As with everything in Crypto, it depends. If you are swing trading, buying and holding for 2-4 weeks, then I’d recommend you look at a period of 1-3 months. Of course, over this time period, your crypto should be trending up if you want to go long. You can even use the Fib Retracement tool if you want to be a diamond handed HODLer. Using this tool to spot lows so that you can DCA into the crypto is a strategy that will get you better prices than just simply buying in weekly. So how do we use it? Find the trend First, we need a clearly defined uptrend. Doing this in a bull market is not terribly difficult. It is a bit harder in a bear market, but it can still be done. An uptrend is when we have a set period of time where we are making higher highs and higher lows. You can see this by placing trend lines on the chart. Sometimes the candles will wick, or even close, outside the trend lines. This is not a big deal as the trend lines are there to establish the current momentum. In general, it is better to trade WITH the momentum of the market instead of against it. Higher highs and higher lows define the uptrend. That’s great, but how does it make me gains? The best thing that this tool does is give you a good entry point on a crypto that is trending up; an antidote to the poison of buying the peaks. You will lose money if you do this. I repeat. Do not buy at the peak. As we know, prices do not go up in a linear way. They go up and come back down, then back up, etc. Fib Retracements are the tool that helps find that new bottom. Another way to phrase this is that the ratios that we discussed earlier can be used to find both support and resistance. Drawing a Fibonacci Retracement is simple on a platform like Trading View. Just click the button that says ‘Fib Retracement’ and draw from the lowest low all the way to the highest high. Flip this if you are looking to short. To make this chart look a lot nicer just click the gear that appears when the Fib Retracement is selected. Then select ‘Extend Lines Right' Viola! As is shown on the chart the price of ETH bounced on the .618 and repeatedly on the .5 level. These would be excellent times to buy. So, if you got your hopes up and jumped too in to early, you would have seen a fairly large pullback. Many people would sell at this point because they are scared that their crypto will crash. However, the Fib Extension shows the likely levels of support. The savvy investor, you, will not even enter until this pull back has happened. It is impossible to exactly time the bottom. The Fib Extension can help use get closer with more accuracy. Final thoughts No single tool is going to lead you to the moon. It is important to know that having a successful investing strategy requires you to use this tool in conjunction with others. This is just one important piece of the overall puzzle. If you found this useful, please like, comment, and follow! Thank you!
COINBASE:ETHUSDEducation
by zsamochin
11
Always trade in the direction of the Momentum !Who goes long for a share when its bearish? Do you sell your shares if trend is bullish? how can one understand the status of a stock? One of pillars of successful trading is to trade in the direction of the momentum. of course it is not guarantee your success in all trades but it is definitely a must thing to consider and is necessary for a good trade. There are some indicators which show the momentum of the market among which " STOCHASTIC" and " STOCHASTIC RSI" can be mentioned. Simply the momentum is bullish if fast line ( Blue in stochastic indicator) crosses slow line( Red in stochastic indicator) upward and Momentum is bearish if fast line crosses slow line downward. It is OK to go long if Momentum is Bullish and is OK to go short if it is is bearish. 2 bullish reversals are shown in the chart which show a good point to buy shares . One Bearish reversal is also shown which indicates a good time to go short. Bullish and bearish reversals in oversold and overbought zones are more powerful. when both fast and slow lines are in oversold zone ( below line 20) it tells us that down side should be very limited. if both lines are in overbought zone ( above line 80) we can expect a near bearish reversal. Combination of this concept with Elliott wave patterns and Fibonacci levels can give you a powerful tool which is beyond the scope of this post . A simple and elementary example is shown in the TSLA chart which a bearish reversal coincides with 0.618 Fibo retracement and descending trend line. My strong recommendation is just simply put away those ideas which encourage you to go long when momentum is bearish or (bullish but in overbought zone) and vice versa. Good Luck in your trades
NASDAQ:TSLAEducation
by SaeedSajedi
21
What is an Advanced Breakout and how to trade it?Hello Tradingview community! Today I want to share something which is pretty rare to see around, the Advanced Breakouts (AB)! What is an AB? Is an event when the indicator may anticipate the price's movement. Some indicators like the RSI or the OBV are great for this, and in this analysis, I'll use the RSI as an example. See the movement on the Nasdaq 100 today? While the price did a double bottom, the indicator didn't, and that's a divergence. But when we see the indicator doing higher highs / higher lows while the price isn't, this is an AB! Usually, this anticipates the next movement on the price, in the direction of the AB. And we have different types of ABs. Some of them are weaker, some are stronger. Let's see more examples. Since the Nasdaq 100 is doing an AB, some of the faangs are doing this too, like FB: Here is an example of a weak AB. We have almost no divergence, but the indicator is already doing a new high, while the price isn't. The divergence on AAPL is a little stronger: The RSI did a twin mountains pattern, but it didn't work and now it is doing a new high. The price did no such thing, and has yet to break the previous high. But this AB is not as strong as the one seen on AMZN: On AMZN's chart it has an inverted head and shoulders, while the RSI has a strong divergence, as it is doing higher highs and higher lows. Also, AMZN's RSI already broke its resistances, while the price is still falling. This is a strong divergence and an incredibly strong AB. But since the indicator is anticipating the price's movement, some people will trade the indicator, without waiting for the confirmation on the price. This is a mistake, and it could affect the chances of success of your trade. Always wait for the confirmation on the price. For instance, wait for AMZN's inverted head and shoulders to be triggered before trading it, and use the AB as a confirmation of your initial thoughts. This is it, community! This is the Advanced Breakout and how to trade it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
TVC:NDQEducation
by UnknownUnicorn21312077
Heikin Ashi Charts vs. Candlestick ChartsFollowing price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio. Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price information is stored in a single candlestick. However, sometimes, that price information is filled with volatility or chaotic trading. That's where Heikin Ashi charts are most useful - they smooth out the price by showing an average price range rather than the exact measurements. In fact, Heikin Ashi charts were developed in Japan and the word Heikin means “average” in Japanese. For those who invest over long-term horizons or look for sustainable trends, Heikin Ashi charts can be an effective way to smooth out price and show clearer trends. The key to understanding Heikin-Ashi charts is to remember that each bar, whether it's red or green, shows an average price range for a specific time period whereas a candlestick chart shows the exact price levels for that time period. The formula for a Heikin Ashi looks like this: Open = (Previous bar open + previous bar close) / 2 Close = (Open + High + Low + Close) / 4 High = Highest point whether it's the open, high, low or close Low = Lowest point whether it's the open, high, low or close Make sure to test out these two different chart types and have some fun. There is no better way to learn than to compare and contrast the two types of charts as we are doing in this example. Remember, it is also about your personal preference. Do you want to see every granular detail in price action? Or do you want to see an average price of that trading action? This is entirely up to you and the tools are here for you to try. NOTE While Heikin Ashi and other non-standard charts can be useful to analyze markets, they should not be used to backtest strategies or issue trade orders, as their prices are synthetic and do not reflect bid/ask levels at exchanges or brokers. If you need more information to understand why that is, have a look at these publications:  • In the Help Center: Strategy produces unrealistic results on non-standard chart types (Heikin Ashi, Renko, etc.)  • From PineCoders: Backtesting on Non-Standard Charts: Caution! Thanks for reading and please leave any comments or questions if you have them!
Education
by TradingView
37
How To Add Emojis To Your ChartIf you publish a lot of research from your TradingView account, emojis will give readers another way to engage with your work. Emojis are recognized globally and can help others better understand how you're thinking or feeling. They can also be used as quick reminders or notes. Here's how you can add emojis to your chart: 1. Copy and paste an emoji directly into the text box tool like this 👋. If you need help finding an emoji to copy and paste, there are several websites that make this easy to do. You can add emojis to any text box or drawing tool that supports text. 2. The second method is to use the Signpost tool. The Signpost tool is located in the Annotation Tools menu on the left-side of the chart. Select the Signpost, place it on the chart, and then open its settings to add an emoji. The Signpost tool can be used to leave detailed notes at specific price levels. It is easy to use, fully customizable, and it can be dragged to any point on your chart. We've included a few examples on the chart above where we've also customized the background color of each Signpost. 😎🐻 🥶🐂 Thanks for reading! Let us know if you have any questions or comments. Our team is always listening and waiting to help.
NASDAQ:COINEducation
by TradingView
26
The Fibonnaci Retracement, A Traders Best FriendWe all know what the fibonnaci is. But how do implement it into trading and how does it work? The tool i use the most is the fibonacci retracement. You drag it across the chart. Drag it on starts to ends of trends and you have a fibonacci retracement now. How does it work? Now that you have drawn your fibonacci you see these ,,zones". The most common number used in fibonacci tools are 0.618 or 1.618, also known as the golden ratio. The most common example of the fibonacci retracement you'll see are rejections from 618 zone to 382. The 764 zone is thought to be a strong rejection zone. The 1 and -0.618 are thought to be reversal zones. Between 0.5 and 0.618 is the ,,golden zone" for shorts or longs. Now lets say we have a fibonnaci with the numbers 1, 0, 0.5, 0.618, 0.764 and -0.618 and i draw it on a up trend from start to finish. What is most likely going to happen is the price will go into our ,,golden zone" and retrace up. Take profit will be -0.618 or 0. And our stops will be just bellow 0.764. You can customize your fibonnaci to your likings and test to see what works and what doesn't. The zones i recomend most are those i mentoned earlier in the example. Remember to draw the fibonnaci on trends, NOT consolidation. If you liked this little guide leave a like and share it to a friend ;).
Education
by fxAljtaric
TradingView's Missing FeatureTradingView is an great platform. I am especially a fan of PineScript, the programming language that allows you to build custom indicators. But while TradingView's current features are great, I think this is something very important that is missing. Something that, were the developers of TradingView to implement it, would change it from a great platform to an EXCELLENT platform... And that feature is allowing users to screen stocks based on their scripts ! Why is this needed? There are many reasons: 1. Multi-timeframe analysis - The current TradingView screener has useful parameters, like finding stocks that are above their 20-day SMAs, but what if your strategy involves the values of indicators on a lower timeframe? For instance, what if you wanted to find stocks that are displaying a Golden Cross/Death Cross on the 1-hour chart? You can't do that currently, but it is easy in PineScript to tell if a stock has a Golden Cross or Death Cross simply by using the close series, or the security function to get the close from any timeframe. So if TradingView could implement a way to screen based on PineScript, this would make improved multi-timeframe analysis possible. 2. Published scripts - Perhaps you have read through some TradingView ideas and found an indicator you really like and want to use it as part of your trading strategy. But as we all know, not every stock -- or even every watchlist -- always provides an actionable signal all the time. So wouldn't it be great to be able to screen for stocks that are providing signals, even when those signals are based on indicators not included in TradingView's default list? 3. Personal scripts - Maybe you have developed a custom indicator of your own, and would like to find stocks that satisfy certain parameters based on it. Currently, you can't do that in TradingView. The closest solution is to build a 40-ticker watchlist, and then use the security function in a custom script to iteratively check each ticker against your condition. This is a decent workaround, but it still limits you to 40 tickers out of the hundreds of stocks on the market. So that leaves two other solutions - buy an API and make your own version of PineScript (not an easy, quick, convenient or affordable route, and one that requires a lot of programming skills) or... hope TradingView allows a new "screener" category for PineScript! 4. Greater flexibility - I have hinted at this in my other categories, but overall, screening based on PineScript would give the user far greater flexibility in his/her trading strategy. Maybe your strategy is complex, like "if condition A is met OR (condition B is met and condition C is met), go long," in which case, the existing TradingView screener would still require a lot of time-consuming and manual analysis to see if this either-or statement holds. But this is a few lines of code in PineScript! Users: So what do you think? Do you want to see the ability to include PineScript in TradingView screens? What sort of other powerful applications and strategies might you be able to implement if this feature were implemented? Let me know in the comments below and please give this post a "Like" if you want to encourage TradingView to implement PineScript-based screening! Moderators: If you could please pass this along to the developer team, it would be greatly appreciated! Thank you to the TradingView team for developing a great trading platform, and I look forward to continued development and additions!
AMEX:SPYEducation
by RandomUser2018
4
Where to start as a beginner trader?Millions of new traders come to trade the markets every day, but most get out with a smaller capital and more knowledge. Trading is a game of odds. nothing is 100%. So how do we turn the odds into our favor? There are two ways to become a profitable trader but they all come down to knowledge. This one i recomend. Since you are going to take loses anyway, pay for a course, book or mentor. You will not make it in this business without spending a cent (or losing it in a trade). You can even atend trading classes. Just make sure to backround check whichever method you chose. This way is harder and takes more time. it is learning the hard way. You trade without any knowledge and learn as you go. Of course, do this on a demo account. You will probably commit trades on a demo account (which is fine) but just remember you bought yourself knowledge but not a mindset. So now, you know the basics of trading and its concepts. What is left to do is work the numbers. Make a trading plan. Find a strategy that works with the right risk managment and you are on your way to become a profitable trader. If you have problems with closing trades early or something similar, check out my other educational post. As always, good luck traders.
Education
by fxAljtaric
5
Pending Entry Sell Limit Order (4/4)A pending sell limit is an order placed above price and expecting price then to go down. If you think that price action will continue downwards, but first retrace upwards then use a pending sell limit order. Two risks: Price action not reversing high enough to hit your entry price before going down and second possibility is price action continues upwards hitting your stop loss before going downwards. On noted EurUsd daily chart, trade setup gave a 1:3 risk reward. 50 pip stop loss and 150 pip target or profit. On larger couple or few day trades on higher daily time frames, using lower lot sizes might be part of your risk management and plan.
Education
by Anbat
Pending Entry Buy Limit Order (3/4)If you want to buy a pair at a lower price and think price action will go lower before price action goes higher in your trade direction, then use a pending buy limit order which is placed below current price and if your entry price is hit on its retracement, then buy limit order is activated. You are in trade. Two risks are price retracement does not hit your entry price and take off in a bullish or upper wards direction without your trade and/or price retraces thru your entry prices and keeps going lower and hits your stop loss. To avoid some of these use major support or resistance areas, previous price action left on chart and fib ret tool, which a lot of price reversals hit the 50% to 61.8% then reverse up in bullish trend or major trend direction. On EurUsd daily chart, noted 1:4 risk reward trade with a 40 pip stop/160 pip target. Use the right risk management for your account size and trade according to your plan. Good luck.
Education
by Anbat
Pending Entry Buy Stop Order (1/4)Pending buy stop orders are placed above current market price action, and you expect price to keep on going up. These can be on any time frames, but daily is great if you are too busy to monitor your trades on a short basis. As noted on daily EurUsd chart, on Monday (pink line) a pending buy stop was placed above current price action, once price action later on Monday was hit then trade was activated with a 40 pip stop loss (margin, leverage, lot size etc... your risk management will decide this) and a take profit or target or 1.19000 or 120 pips up, by looking to your left on chart. This would have been a 1:3 risk reward setup, for this set it and forget it trade.
Education
by Anbat
2
Day trade reversal setup using Hull MA - over shoot!Hello, Traders around the globe, Here is a reversal pattern of the Hull Moving Average. Stage #1: You want to see an acceleration of momentum = the blue crosses have spaces inside them. This stage is important because if you are doing day trade, you want to be sure that you are in a volatile environment. You don't want to be where the market is choppy with zero range! . This stage gives you the "flag" that the stock has a potential day trade opportunity. The probability of you guessing the exact day that the stock will explode is low, that is why you wait for it to explode and trade the intraday reversal... Stage #1 EXTRA: Now you know how to detect momentum opportunities, and can go into a lower timeframe and trade the continuation of the acceleration of momentum move... but this is for another post. Stage #2: You want to see the Hull ma go above the price action = the OVERSHOOT! Once you see that the Hull is crossing the price that means that momentum is running low ---> reversal is coming... (stage #1 made sure we are volatile, now we want to be sure we are overextended and momentum dries out!) When the HULL moves above the highest high of the move, OVERSHOOT PHENOMENA, it means that the price got really overextended. The HULL MA is trying to decrease lag, so it "anticipates" the direction, it gives chance for the price to correct to the right direction. If a strong move happens, the HULL expects it to continue, so it will rise above the high of the price movement, "hopeful" that the price movement will continue in its same momentum and force. since it doesn't... overshoot happens, and a reversal is likely to follow through. Stage #3: You want the slope of the Hull ma to change direction, then you look for your personal reversal setup. Overextended can become even more overextended, so it is better to be a little late, and be right, than trying many times to catch the TOP and be discouraged, which will make you miss the move! Ideally, you want the HULL to be SYNCED :) If the HULL is SYNCED that means that it gives the best representation of the price action. It is hard to sync the moving average every time, the market is changing... It is easier to be able to recognize when it is synced and when it is not ===> That way, you know when you have better odds of it being accurate.
NASDAQ:AMZNEducation
by ZoharCho
6
Trading worckstationBeginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away: You don't need special equipment or a special computer to trade successfully. If you are able to read this article online, you probably already meet the minimum requirements for a trading PC. Successful trading depends on factors such as trading psychology or the right strategy! Not from the equipment. I can also buy marathon shoes now and still wouldn't be able to endure 2 kilometers running. I even advise you, as a beginner, in most cases not to buy a special trading computer. For the following reasons: You don't need these countless monitors, which you usually see on any pictures, because you concentrate on one or a maximum of two markets. Everything else just distracts you, stresses you out and makes for one of the most expensive mistakes in trading: trading too much! Quite pragmatic: money is better off on the stock exchange. The monitor and your trading PC will only be worth half in a year. If you are clever with the money, it will be worth at least twice as much. So the following tips are all optional and come from my personal experience. For beginners, it is better to invest the money in knowledge. I value the following factors: reliability Fast start / operation thanks to an SSD hard drive and a good processor as low a volume as possible Operation of several monitors possible Solutions with multiple monitors are particularly interesting for traders. I currently use 3 monitors (but 2 are usually absolutely sufficient) When choosing a trading PC, I don't pay so much attention to the price, but rather to purchasing reliable devices from large, well-known brand manufacturers. They offer long-term support, good expandability and high quality and reliability. Since trading is about money, that's more important to me than saving a few euros on a one-off basis. Since I usually sit in front of the computer for 12-16 hours, an ergonomic workplace is also very important to me. What is important to you, what kind of equipment do you trade with, you are cordially invited to leave a comment
Education
by TR7z
1