Taking profit from NFT? 🕵️Digital art is experiencing a renaissance. Therefore, in this idea, I have provided all the information needed to start making and selling our art in the form of NFT (non-fungible tokens) on blockchain.
-- What is NFT? --
NFT is for Non-Fungible Token, something like Certificate of Authenticity. In real life, classic artwork and valuable, historical artifacts are often sold at auction with receipts indicating the object's authenticity.
NFT does the same thing for digital items. They certify uniqueness in GIF, JPEG, MP3 and any other format. This technology creates a new kind of ownership for digital files that wasn't previously possible. NFTs can be bought, acquired, or sold, and even destroyed as physical objects.
The process of converting your work to NFT is called " Minting ", which refers to the process of creating a new blockchain coin and will forever be attached to that content, such as your image file. Artists multiply the internal NFT by adding an internal commission to the token (usually 10 to 30%). Whenever their work is resold, they are entitled to this commission.
-- Is it possible for my work to be converted into NFT? --
Perhaps, we live in the Wild West of the NFTs and anything is possible. Digital arts, songs, memes, recipes and even startups are now on the list of NFT stores. Currently, there are very few restrictive rules on what can be converted to NFT.
-- What does it take to start building NFT? --
You do not need to know enough about cryptocurrencies to build NFT, you only need some tools, such as Crypto Wallet and some Ethereum .
-- How to connect wallet to NFT market? --
Once you have your wallet ready and you have bought some Ethereum, it is time to choose the store where you want to build and sell NFT. Recommended for beginners working on the Rarible website ; Because it offers the easiest way. To connect the wallet to the rebel, first go to this website and click Connect from the right corner of the page.
On the next screen, select WalletConnect if you use Rainbow or Metamorphosis, and click WalletLink if you are using Coinbase. Many other wallets use this option and it is worth checking out these options to choose the preferred wallet.
It does not matter what wallet you use; Because the next step is the same. After selecting the connection option, a QR code is displayed on the screen. Scan this code using your Wallet app. After scanning, confirm the wallet connection to Rarible. Because this connection is secure, Rarible forces you to confirm your purchases after each transaction. Once your wallet is connected, your Rarible account will be created immediately. Now you have all the tools you need to build, mint and sell your first NFT.
-- Where to sell my NFT? --
The more news there are about NFT, the more stores will be created. Here's a list of huge digital stores for NFT:
Zora:
Zora is a store built on the idea that content creators should take control of their work from the main platforms. Zora allows creators to mint images, videos, audio files and even plain text documents. Currently, this store allows pre-invited creators to operate.
Rarible:
Rarible is one of the most popular websites for creators and collectors who want to enter the NFT world. Uploading content and building NFT on this website is as easy as posting a video on YouTube. In a market full of websites that can only be operated by pre-invitation, Rarible is one of the NFT destinations that allows new developers to sell their work from the moment of registration. However, due to this freedom of action, it is necessary to change the copyright and content control laws on this website.
SuperRare:
SuperRare is an NFT store for digital artists. You will not find memes or text posts or simple sound effects for sale here. The Super Rear series is very organized, new works are placed on this platform at a slower speed. Searching in SuperRear is like stepping into a specialized digital gallery. NFT works on this website are a reflection of thousands of hours of artist effort, with prices sometimes rising sharply and new builders being accepted only upon request.
Nifty Gateway:
Nifty Gateway is an NFT store that focuses exclusively on collectibles. Nifty works with prominent artists and musicians such as Grimes and Justin Roiland to release limited edition collections of NFTs. Nifty Gateway is one of the main NFT websites that separates itself from other digital retailers on the list by accepting credit cards. Like SuperRre, art works are often very expensive, and new artists must apply to this website before they can post their work.
OpenSea:
OpenSea is one of the first NFT stores and a huge library of content at various prices, including digital art and 3D collections and in-game video items. This website is one of the most accessible websites for NFT novices and offers a great experience in searching for pieces of art.
-- How to create NFT? --
There is no specific technique for making pieces of art that can be converted to NFT. If the store supports the file format you created, then you can convert it to NFT. This creates a new world for content that can be turned into money. Any image and file in TXT, JPG, PNG, MP3 or GIF formats can be converted to NFT on Zora or Rebell. Have you made a great meme or written a recipe for a delicious meal in TXT format? Well, it can be converted to NFT.
If this idea, helped you to get to know about NFT more, don't forget to hit the like button and leave comment. That will be a great motivation for me folks..
Trading Tools
How To Use Our New Timeline FeatureWe created Timelines to help people learn more about the companies and symbols they follow. Timelines are comprehensive guides that reveal the history, key events, and defining moments of a specific symbol. As a trader or investor, Timelines can be used to study the historical events of markets and the story that makes a symbol what it is today.
In this video we show you how to use Timelines and where they can be found. If you need help finding a Timeline, check out the examples we linked below:
1. Tesla Timeline
2. Apple Timeline
3. Bitcoin Timeline
4. Shopify Timeline
We hope you enjoy Timelines and use them to learn more about markets. We also invite you to share your thoughts in the comments. Please let us know what Timeline you want to see next. Even better, please let us know if you think can help! You can also try making your own Timeline with the Annotation tools available to you like Price Note and Signpost.
Thanks for being a member! 🙌
Building a good system and writing down a cheat sheetThis is an idea about having a good thought process. The image of a sniper is often used.
In the cover of the idea (screenshot at the end in case it does not display correctly) I put a few examples.
I have not seen this on the internet and being shown by course providers, and how could they know, the internet is full of get rich quick with 5 minutes a day feel good messages and they do not trade themselves.
Build a system that eliminates the potential for mistakes or randomness then rinse and repeat perfectly.
Writing this down is especially useful when juggling with various strategies which we often end up with when we spent a fair amount of time playing.
Here is an example of a breakout trade:
And this becomes:
Screenshot of the diagram:
Winrates required to breakeven relative to stop & target sizesTaking AUDUSD as an example here, the spread is not the smallest relative to ATR nor the largest.
The formula to get a breakeven winrate is 1/(1+reward/risk).
Because we want winrate*reward = loserate*risk <=> winrate*reward = (1-winrate)*risk <=> winrate*reward + winrate*risk = risk (never 0) <=> winrate = 1/(1+reward/risk)
For example with a 20 pip stop, base risk to reward of 1 to 5, and 2 point spread, reward or winners = 98 pips, risk or losers = 22 pips.
So the reward/risk = 98/22 = 4.4545454545... So the breakeven winrate will be 1/5.4545454545 = 18.33%
That is just the breakeven winrate.
Profitability will of course depend on:
- Frequency: How many trades you are able to take
- Winrate: How much higher than the breakeven winrate it is
- Position size: Profitability does not go up the higher it goes
If a strategy or trader only gets a couple of trades a year and his winrate is barely above breakeven, he will not be very profitable, and it will be very easy to lose all profits.
And as the stops & targets in pips go down, the hit rates needed to actually make money go up exponentially up to a point where the trader needs to own a crystal ball and be able to predict the future.
Take costs into consideration with any strategy and before placing any trade.
And 1 other thing to keep in mind is spreads can also fluctuate, depending on the broker, at certain hours they can go up 3 fold, sometimes more, it can really hurt.
A cool thing you may notice is with a stop of 20 pips, the spread/stop = 10% and also the winrate to breakeven is increased by 10% for both risk to rewards.
Same thing with the 5 pips stop. And so on. The required winrate to breakeven increases by 100*(spread/stop)%.
Easy to quickly calculate when you are considering trades.
Your Forex trading has to revolve around the daily chartFirst of all you are going to quit your 5 minutes charts. What is this? Day trading?
If you are a day gambler I have a few words for you. It is the most obviously stupidest scheme I have ever seen.
Not only retail day trades this is true, there are some institutions that day trade Forex too. The pros. The big boys.
Not a single one of the "pros" makes money day trading (playing directional). Academics literally took the entire trading data from banks and found 0 profitability.
That's for the results. Now what is the purpose of it? Hedging market risk in the next hour? Who hedges intraday? Banks? China? The Saudi wealth fund? Amazon? What do day gamblers think the purpose is? The market was created as a casino for the forex lifestyle?
According to the BIS triennial survey approximately 30% of the FX volume is in spot, 50% in swaps, 15% in outright forwards.
The smallest swap maturity is for the next day (overnight), the smallest forward maturity is 2 business days.
In the Forex market, THE CONCEPT OF "INTRADAY" ITSELF DOES NOT EVEN EXIST.
The only type of forex intraday contracts were binary options, some obvious scam created by brokers targeted at retail "investors" to fleece idiots of their money, the scam was so blatantly obvious the regulators all agreed to totally ban it.
www.bis.org
If you have been day gambling for over a year you have lost money to your broker and odds are you lost money to one or two laughable "forex day trading education" courses, possibly from a "legit from the industry" and "actual institutional trader" that never made money once in his life and whose job was to execute clients orders.
So if you want to argue come with a live account track record, show me your years of consistent profit and then defend this scam.
Daily chart. If you want to check the monthly or weekly you don't need to look at those every day, and nothing is happening there, unless you are looking at some emerging country or something.
And none of that 600 minutes, 12 hours, and other nonsense. No one cares what happened inside of that daily candle; it might as well not exist at all.
We live on planet earth, we have a daily cycle, we all sleep every 24 hours, for the most part. So daily chart.
And businesses, countries, banks do not take "daily" decisions, it's month to month, quarter to quarter.
Only the daily chart makes sense. Or are you going to explain to me that there is a fractal FED interest rate decision, a secret mini rate hike that you only hear from if you look at the 5 minutes chart?
Music For Trading and InvestingWe teamed up with a behavioral psychologist to look into the science behind the best song choices for trading and investing. We identified a formulae based on the five essential components of music — Tempo (BPM), Tone (T), Length and Volume (LV), Lyrics (L) and Mood (M). We then used these formulae to create two specialized playlists:
Playlist #1: Zero In - Songs that aid concentration and can be used when researching your next moves.
Playlist #2: All Out - Songs that encourage you to be decisive and a confident to take action.
You can find both of these playlists free and open to everyone on Spotify . We'll be updating them as we go. In addition, please feel free to share your favorite songs for trading in the comments below.
Now let's dive into the calculations behind each playlist. You may find this part especially interesting if you're passionate about music or looking to learn more. You may also realize that markets and music have a lot in common.
🎯 Zero In — Time To Focus and Concentrate
Focusing = “BPM (50 – 65) +TM +LVL (+ or -) -LN +M”
BPM: find songs with a tempo of 50-65 beats per minute
TM: select a mellow tone that soothes and relaxes
LVL: longer songs make for better concentration
LN: choose a track with few or no lyrics
M: a slow, less melodic mood will help the brain focus on the task at hand, and not the music
💥 All Out — Building Confidence To Make That Final Leap
Action = “BPM (65 – 85) +TU +LVS (+ or -) -LS +M”
BPM: find songs with a tempo of 65-85 beats per minute
TU: select an upbeat tone that positively enhances cognitive function
LVS: shorter songs with a faster tempo will keep you motivated when performing a task
LS: During Activation of a task, having lyrics in your playlist, is less important, so choose songs with some lyrics that motivate
M: an upbeat, lyrical mood will give you a boost of dopamine, helping you feel brave and confident
Thanks for reading and we look forward to hearing your feedback. Go ahead and give these playlists a try. Let us know how they help you prepare and take action. Please also share your favorite songs for trading in the comments.
How To: Super simple moving your stop losses in TradingViewVery quick video as a follow up to yesterdays placing orders one.
In this video I show you how crazy simple it is to move your stop losses up within TradingView to protect your profits.
Such an easy to use system. So visual. So cool!
You can trade like this for SHARES, CRYPTO, FOREX and more...
Well done TradingView and TradeStation
Check out how you can sign up to use TradeStation here: www.tradingview.com
And see more award winning brokers here: www.tradingview.com
5 Tools For Dips, Crashes, and VolatilityVolatility is challenging. But it can also be exciting if you're ready for it. In this idea we're going to show you five tools to make better decisions for when markets are volatile, choppy or bearish.
1. Invert Chart Your Chart 📉
Invert your chart to see how it looks turned upside down. Open a chart and type ALT + I on your keyboard. On a Mac, type ⌥ + I. This keyboard shortcut flips your chart upside down. Now ask yourself: would you buy or sell? Selling an inverted chart = bullish. Buying an inverted chart = bearish. Challenge your bias.
2. Regression Trend, Pitchforks, and Fib Retracements 📐
Certain drawing tools work better than others in volatile markets. That's because they are designed to measure dips, bounces, and statistical anomalies. For example, the Regression Trend tool shows upper and lower bands representing a number of standard deviations away from a trend line. Pitchfork drawing tools help you see trends or channels while having standard deviations plotted at the same time. You have access to four different Pitchfork drawing tools. Finally, there's Fibonacci Retracements . Harness the golden ratio to plan for bounces and possible levels of support.
3. Pine Script Public Library 👨💻
Seek help from others, especially the coders. Head over to the Pine Script Public Library and start exploring the scripts coded by other traders and investors. There are custom tools, strategies, and indicators for all market conditions. Remember, Pine Script is also how you can automate your strategy and create your own indicator. Remove emotion from your decision-making. Write your trading or investing rules in code.
4. The Long and Short Position Tool 🗺
Plan your trades before you make your trades. The Long and Short Position Tools are how you map out your trade ideas directly on the chart. Set an entry, an exit, and a take profit target. See your trade on the chart and visualize it. Planning your trades with these tools will save you a headache or two. Learn how to use the Long and Short Position tools here.
5. Education on TradingView 🎓
The Education section on TradingView is free and open to all. Here you will find thousands of publicly available guides to trading and investing. Each guide was made by a TradingViewer just like you. Learn about their strategy, how they approach markets, and what their processes are. You can also follow the authors, ask questions in the comments, and reach out for additional help.
Thanks for reading this guide! We hope you enjoyed it and please leave any questions or comments below. Also, please share your favorite tools for managing trades in a choppy market.
Change your perspective: Time and trading psychologyExpand Your Time Scale
A significant 2% selloff like we saw today can sometimes feel like a buying opportunity-- "stocks are on sale!" We humans are extremely impatient, short-term thinkers. Especially when you're new to trading, it's tempting to rush in and buy every "dip."
But to win at investing over the long term, you've really got to develop a much larger sense of perspective. Real corrections unfold on a much larger time frame than a one-day, 2% market drop, and trading too frequently has pretty steep costs.
Lots of studies have shown that on average, the more frequently you trade, the lower your returns. Even in a zero-commission world, you still may lose a few cents on every trade due to "bid/ask spreads," especially if you're trading low-volume securities. Plus, any sale you make is going to be taxed, whereas if you leave that money in the market, your taxes are deferred until later. Those costs compound every year like negative interest, eating into your future returns.
Know Your Human Limitations
The first step to beating the market, frankly, is to understand that you are that easily distracted dog on the movie Up who's constantly shouting "squirrel," and you are always going to be that dog. In other words, the first step to recovery is acknowledging you have a problem.
Once you realize you have a problem, then you've got to create a plan to correct that problem and follow the plan religiously. In this case, you are never going to be able to reformat your brain to operate on geological time. That just isn't how the human brain works. What you can do is adopt tools and systems and habits of behavior to help you think bigger about investing. In this post I hope to give you a few.
Adopt Tools for Thinking Bigger
1. Simply zoom out.
I know a lot of folks are looking at the 5-minute time frame and trading every technical signal they see. If you're beating the market by a wide margin that way, then great. Otherwise, you're better off zooming out. Try using the weekly, or even the monthly chart. When you view equities on a longer time scale, you see different things on the chart. For instance, looking at the S&P 500 on a weekly time frame tells me that the one-year uptrend is still intact, and today's "correction" was nothing in the scheme of things.
On the monthly chart, frankly, there hasn't even been a dip:
2. Don't look at markets every day.
If you're trying to think on a larger time scale, frequent updates are just more opportunities for error. I learned pretty early on in my trading career that I performed better overall if I didn't check my investment account during the day. In fact, for most investors, the best thing they can do is probably dto buy an index and never look at it at all until they retire. Even if you like to be a little more active than that, I'd still suggest checking in no more than once a week.
This applies to consuming market news and analysis as well. Subscribe to only a few highly curated sources of investor news. There's so much information out there, and most of it is just noise. Paradoxically, more information often doesn't make you more informed; it may make you less informed if it's low quality. Let someone really competent filter the noise for you and only give you the most salient sound bites.
3. Set it and forget it.
I use a lot of alerts. I identify a price level I might want to buy or sell, and I set an alert and don't look at it again until my alert triggers. That way I'm not tempted to buy or sell too early. You have to be prepared to create a trading plan and then stick to your plan, no matter how long it takes.
I also use alerts for news. Most companies have an "investor relations" page where you can subscribe to press releases about the company. You don't need to know what the CEO is saying on his Twitter every day, but you probably should be subscribed to the press releases and quarterly earnings report so you'll see immediately if something really major changes about the fundamentals. To follow sector news, you can subscribe to a weekly industry newsletter or set up a Google news alert.
4. Consider setting limitations on yourself.
Think of yourself as a time traveler who's come back in time to prevent your future self from making a big mistake. A mistake like, for instance, buying a market top because you saw a one-day dip of 2%. You know your future self is stupid and you can't cure stupid, so the best you can do is put up obstacles to bad decision-making and hope they'll do the trick.
For instance, I don't much like mutual funds, but one reason to buy a mutual fund rather than an ETF is because they're far less tradeable. For instance, most mutual funds have rules in place that prevent you from withdrawing your funds too soon after depositing them.
Another strategy is simply to remove investment apps from your computer or phone. Make it that much harder to access, so you're not unconsciously opening up the app and compulsively checking your accounts all day. You might even consider locking yourself out of your account and giving the login information to someone you trust, with instructions to only give it back under very specific conditions.
5. Remind yourself.
Set up a regular calendar reminder or put a sticky note on your computer to remind yourself to think on a larger time scale. Go back at the end of the year to revisit trades you entered or exited early, and see how much money you left on the table. Honestly, I think you'll be amazed.
Meet Our New Drawing Tool: Price NoteWe created Price Note to make it even easier to attach notes at specific prices. We know how important it is to keep detailed notes on your favorite charts and our new drawing tool will help.
How to create your first price note 📝
1. Select the tool from the Annotation Tools panel. This is the same place where you find the Text tool.
2. Place two anchor points. The first point sets the price, and the second one is the coordinates of the price label.
3. Add text to appear along the Price Note by opening the settings dialog by double-clicking on the note. You can also change the line and text colors from the settings dialog.
Use keyboard shortcuts when working with Price Note!
1. Press Ctrl (Windows) or command ⌘ (Mac) while placing a point so that the point is drawn to the nearest symbol value. This keyboard shortcut turns on your Magnet.
2. Press the Shift key while placing a point to set the slope of the line in multiples of 45 degrees. Pro tip: this is especially helpful for placing Price Notes at perfect angles. Perfect angles = beautiful chart. 🎨
We hope you enjoy this new drawing tool. By the way, the chart above shows Bitcoin Dominance, S&P 500, and Tesla. We've placed price notes as examples for each symbol. Feel free share to share any charts you make with a Price Note below in the comments.
Please also share any questions or feedback below. Thanks for reading.
How To: Super simple placing Stock orders all inside TradingViewHi all, just for fun here is how you can place orders within TradingView for stocks.
Video covers the different order types:
Market Orders
Limit Orders
Stop Orders
Stop Limit Orders
As well as how to set Stop Losses and Take Profits as part of your order.
The system is super simple to use and highly visual.
If you like the video, feel free to give it a like. No charge :)
5 Tips For Faster ChartingHere are 5 tips that will speed up your charting. Each tip in this idea involves a simple keyboard shortcut: hold the command key on a Mac or Ctrl key on your PC. Mastering this keyboard shortcut will improve the way you select multiple drawings, apply bulk edits, and ultimately speed up your research process.
1. Select multiple drawings in an area by holding down the command key on a Mac or Ctrl key on a PC and then dragging the mouse over the area you want to select. This is one of the fastest ways to select multiple drawings at once. Hold command/Ctrl and then drag your mouse over a specific area.
2. You can also select multiple drawings one at a time. To get started, press and hold the command key (Mac) or Ctrl key (PC) and then click each drawing one by one. This is a helpful for selecting specific drawings that are spread out around the chart or hard to find.
3. Once you've learned to select multiple drawings on your chart, did you know you can apply bulk changes to them? For example, you can select multiple drawings on your chart and then change the color for each one with one click. Hold command/Ctrl, select each drawing, and then change the color in the floating toolbar that appears.
4. You can change more than just the color... You can also apply bulk changes to the line thickness, border, visual order, and font color. Select each drawing using command/Ctrl and use the floating toolbar to apply any necessary changes.
5. The command and Ctrl keys can also be used to clone a drawing. Hold command on a Mac or Ctrl on a PC and then drag the selected drawing. It will instantly clone. 🕺🕺
We hope you enjoyed these five quick tips. The key is to master the power of the command and Ctrl keys. With this keyboard shortcut you can select multiple drawings, apply bulk changes, and instantly clone drawings.
Please let us know if you have any questions or comments about these tips! Our team reads the comments and will help you the best they can. You can also write feedback and suggestions.
P.S. We use the #TradingViewTips hashtag to share other helpful tips about using the platform. 🙌
Make profitable trading decisionsHi Fellow Traders
The greatest tool in your arsenal is your Risk/ Reward rules when evaluating the potential expencency and outcome of each scenario. By using this to protect your account it may help you to survive long enough to be profitable.
Risk/ reward is quite simple. If I risk $1 on a trade, I need to make on average $1.50 to be profitable. In other words, my risk is 1 and my reward 1.5, therefore it is a 1:1.5 risk/ reward ratio, which is acceptable to potentially enter a trade if it meets your criteria.
You want to try an average between 1:1.3 and 1:1.7 when looking for trade opportunities.
The Risk/ reward tool on Tradeview is excellent for evaluating and getting a proper picture of the potential upside and downside before making a decision.
I hope you enjoy the video and that I have been able to contribute to your potential success as a trader.
Please feel free to comment and reach out if you help.
Regards
Wayne_G
Two New Tools to Improve Your ProcessProcess is important. It's how you stay disciplined. It's also how you focus on the ideas and strategies that you are best at. In this post, we'll show you two tools that may help your investing or trading process.
Our New Alerts
Create an alert and then sit back and wait. Get a notification delivered to your phone, email, and browser. Right-click on your chart to add an Alert or click the Alert icon ⏰ if you're on our free mobile app. Make the markets work for you by creating alerts at important price levels.
Our team is excited to show you our new alert feature that supports dynamic messages. This is a game changer for those who understand Pine Script and the importance of alerts. You can now code alerts to display messages that dynamically adjust based on price action or other factors. Our new script alerts use an `alert()` function, which works in both strategies and studies. To get started with this, open the Pine Editor at the bottom of your chart while on a desktop computer. To learn more about this, read our launch blog post here.
New Watchlist Features
We know how important your Watchlist is. That's why we recently launched Sections and made it easy to add symbols to your list. To get started, open TradingView on your desktop computer and then right-click on your Watchlist. Then select either of these two options: Add Sections or Add Symbol. Sections will create a divider on your Watchlist with a custom name. This tool will help you better organize your Watchlist. If you click Add Symbol you will be directed to add a symbol of your choice to that exact point on your list. By the way, if you're reading this from our mobile app, you can press and hold on any symbol to remove, flag or open a chart. Pro tip: your watchlist syncs perfectly between your mobile phone and computer. Take your watchlist anywhere.
We hope you enjoyed this post! If you have any questions or comments, please write them below. Our team wants to help and we listen to your feedback.
Implementing Heiken Ashi CandlesKEY POINTS:
Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts.
The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk.
Long down candles with little upper shadow represent strong selling pressure. Long up candles with small or no lower shadows signal strong buying pressure.
-----------------------------------------------------------------
When paired with risk management tools, trading indicators can give you a clear insight into price movements. Heiken Ashi candlesticks resemble a typical Japanese candlestick, but several details differ from the traditional candlestick chart.
Every Heiken Ashi candlestick has an upper candlewick, a shadow (lower candlewick) and a body – much like the Japanese candlesticks.
However, a bar in the Heiken Ashi starts from the middle of the one before it and not where the previous one closed-a significant distinction.
Each candle has a high, low, open and close, and thus the Heiken Ashi formula has four segments.The opening level is the midpoint of the previous bar; the Close of each bar is the average of high, low, open and close.
If you’re aiming to catch persistent trends, then Heiken Ashi will be valuable.
NOTE:
However, day traders who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful. Also, due to no price gaps within Heikin-Ashi candlestick charts, risk management is harder to monitor. Using additional methods to watch risk is advised.
The formula for calculating Heikin-Ashi candlesticks is as follows:
Open= (Open of previous bar+ Close of previous bar)/2
Close = (Open + Close + High + Low)/4
High = the Maximum Price Reached
Low = Minimum Price Reached
*Hope this helped refresh your knowledge of Heikin-Ashi candlesticks or showed you a new trading strategy to use.
Three Ways To Make Better Decisions in MarketsBefore we dive in, it’s important to share a few more words about who we are. We empower traders and investors with professional-grade tools, charts, news, and global data that was once only available to select groups. Our tools are available to everyone on desktop or mobile. Our goal is to empower traders and investors to grow over the long run. 💪
The key driver behind this post is that you don’t want to rush anything before understanding what's at risk, your goals and long-term plan. We realize that in spite of our efforts and intentions, sometimes people get swayed by irresponsible posts across social media, inevitably leading to unmet expectations. We want to help people avoid this. So let's talk about three ways to make better decisions in markets. Remember, this post is strictly for education in a very fascinating time in market history! Keep reading... 👇
1) Do not blindly follow someone else’s opinion without doing your own research. Use the tools available to you to learn, study, and analyze markets.
Our social network is big and growing. We encourage everyone to publish their first idea, try chats, and follow others. It's never been a better time to meet fellow traders, learn with them, and grow. But as social media converges with markets, there are several important risks to discuss. Avoid picking up bad habits, being swayed by popular opinion, and succumbing to peer pressure. Avoid doing something you have not given critical thought to, objectively analyzed or evaluated yourself. These risks can include trading before you are ready, overtrading due to the abundance of ideas, putting up bigger positions than your account can handle, and changing your mind mid-trade. Keep calm and think first. Take advantage of the tools available to you whether that's backtesting, paper trading, or looking for other opinions that challenge your thesis.
2) Do not expect easy profits just because everyone is talking about it. Instead look for peer review, meaningful connections, and ways to test your own ideas.
No matter how many likes an idea receives, no matter how confident its author may appear or how many chat messages are being shared, there is no guarantee markets will play out as planned. It makes more sense to first review, study, and research an idea yourself to see if it fits your long-term plan. The bottom line is this: someone else’s view should never be relied upon as a substitute for you doing your own analysis before making actual trading decisions. Our social network is best used for peer-review, new connections, and critical feedback to help develop your strategies and understanding of markets. We have a education section dedicated to this. We also have a community of Pine Coders coding the markets. The community here is meant to help you with feedback, ideas, and new concepts.
3) Do not ask for blind real-time signals in chats or comments aiming for easy gains. Instead focus on building your long-term strategy and maintaining a realistic approach.
As social media and financial markets converge, more and more people are expecting easy answers on when to buy or sell. In our public chats (you can find them on the right-hand side of the platform) we encourage people to keep this mind and dig deeper. You won’t learn anything from asking buy or sell questions. You have to study, research, and examine price action beforehand. Our social networking tools offer great opportunities to talk in real-time and exchange opinions, views, and research. Using them the right way will help you grow as a trader and learn from others over the long haul. But making hurried trading decisions based on flimsy trade calls is rarely a good idea. Just don’t do it!
There’s no better way to learn than by immersing yourself in an environment that exposes you to many different ideas, conversations, and strategies. We hope that our platform boosts your knowledge of markets while allowing you to perfect your craft. Insights from others can also help you make better decisions, but only if used in a thoughtful manner that focuses on patience, process, and education. In addition, always remember that you have the tools right in front of you to perform your best research.
Thank you for reading! We look forward to hearing your thoughts below. 🙏
How To Follow Earnings and News From Your ChartIn this video we show you the basics of following earnings and news from your chart. This is especially helpful for equity investors and traders, but it also applies to those interested in crypto, forex, and futures because you will learn how to follow breaking news directly from your chart. All TradingView members have access to high quality news by clicking the News icon 📰 on the right-side toolbar.
Here are the three key features we cover in this video:
1. Read breaking news about any ticker symbol by clicking the News icon 📰 on the right-side toolbar. This news is real-time and will update instantly when big events happen. Additionally, the news will automatically update and reflect the ticker on your chart. When big price movements happen, open your newsfeed to see what's happening.
2. You can chose to show the Earnings icon on your chart. This Earnings icon will reveal when a company reports earnings and some basic facts about that earnings report including date and EPS estimates. To show or hide your Earnings icon right-click on the chart, click Events, and then select "Show Earnings on Chart."
3. The Earnings Calendar 📆 is a way for you to see who is report earnings, when, and what their EPS Estimates are. Never miss another earnings report. Open your Earnings Calendar daily and quickly scan for upcoming reports so you don't get caught off guard. In the Calendar you can also see upcoming Economic Events. Pro tip: we also have a dedicated Earnings Page that gives you even more details into upcoming earnings.
We hope this video helps you get started with earnings, news, and other events! Please leave any questions or comments below. Our team appreciates your feedback, support, and questions.
The Broker Awards - Bringing More Transparency to MarketsOur first-ever Broker Awards are here. Together, we can bring more transparency to financial markets. Connect a broker of your choice to your TradingView account, research markets, and manage orders seamlessly based on your research. Then rate, review, and follow your favorite broker. Your reviews will help others find a perfect broker for their needs whether it's equities, forex, futures or crypto. Visit our Top Brokers page to see all of the brokers available.
We launched our Broker Awards to congratulate the best brokers based on your reviews. Real traders who write and rate brokers with verified reviews. We're creating a marketplace that brings more transparency to financial markets. By building this marketplace we can reduce bad experiences, give people a chance to share their opinions, and connect customers with the perfect broker for them. Remember - these awards are based on a combination of your reviews, ratings, comments, and overall usage.
Now let's get to the awards! 🎉
Drum roll please... 🥁🥁🥁🥁
Broker of the Year : TradeStation
Connect your TradingView account to TradeStation and access their ultimate trading services across equities, equity/index options, futures, and cryptocurrencies markets. Follow them here.
Most Popular Broker : OANDA
Founded in 1996, OANDA is a leading online trading broker, regulated in all key global markets. Specializing in Forex and CFD trading, OANDA offers tight pricing on a full portfolio of products. Follow them here.
Social Champion : FXCM
FXCM's purpose remains unchanged over its 20-year history. FXCM is a leading provider of online foreign exchange trading. Follow their social posts here.
Most Innovative Tech : TradeStation
For those who connect their TradingView account to TradeStation, you've noticed the upgrades and made that clear in your reviews.
Best Multi-Asset Broker : TradeStation
Crypto, equities, options, and futures are all available to you with a single connected account.
Best Futures Broker : Tradovate
Tradovate is a modern, cloud-based futures broker offering unlimited, commission-free trading for a flat price. No per-trade commissions, platform licensing fees or order routing fees. Follow them here.
Best Forex Broker : OANDA
With nearly 6,000 verified reviews, your votes made it clear about who you wanted to nominate as the best forex broker. Read every review here.
Best Crypto Broker : Gemini
Gemini offers an industry-leading suite of crypto-native products and advanced tools for individuals and institutions. Buy, sell, and store cryptocurrency with world-class security. Follow them here.
Congratulations to the winners! Special thank you to all of the brokers who work with us and the community of traders who rate and review their broker. We believe this level of transparency will help more people find the perfect broker for their needs. Let's keep it going and please remember to rate and review your broker. Your reviews make a difference. ⭐️⭐️⭐️⭐️⭐️
If you would like to request a broker to add to TradingView, please write the name in the comments below and also send them a message. Your support will help us get in contact with them and let them know this is an important connection. Once again, thank you to our broker partners and the community for writing their reviews.
Who wants to trade like this now markets are back open ❓💲Hello fellow traders
Quick idea as the markets open up for the week I just wanted to show you all how I traded GBPUSD last week.
I am working the 30M time frame here using our 'EDGE' strategy.
As you will see from the chart there was four trades last week on this time frame and three were winners! 138 pips banked.
Our strategy is a follow trend strategy and can be used on any time frame but also with any instrument.
The strategy sits in your tradingview and when all confluences are met a simple alert appears on the chart. At this point we enter the trade.
When an alert presents all the trade information is presented too, take profit target, stop loss, entry points etc.
The confidence in the way we trade comes from the built in strategy tester. This enables us too back test the way we intend to trade.
No one can predict the future but this is a great marker on how trading a pair could perform going forward.
The strategy tester data for this pair can be found at the foot of this idea.
The data is based on £5000 starting capital and risking 2% a trade. Data shown is tested from Jan 2020 to present time.
The strategy tester shows gains from trading this way along with, win rate, number of trades and draw down.
Feel free to press the sub menus and in doing so you will see a performance overview and all 409 trades individually logged.
All of the above allows our traders to trade with confidence and emotions firmly in check.
For any more information on the strategy shown please feel free to drop me a message.
Five Tips for New Traders and InvestorsWhether you are new or have been trading for 20+ years, this post is a reminder about having realistic expectations when it comes to markets. Patience, the desire to learn, and a positive outlook toward the future, especially over the long run, will help you on your journey. Here are some tips to get you started!
1. Code the markets
Financial markets attract smart people who run strategies, indicators, and analytics to make better decisions. The Pine Script community is a perfect example of this - head over to the Pine Script Editors' Picks page to see for yourself. With Pine Script, you can code and create your own indicator or strategy. More importantly, you can learn the intricacies of price action and the underlying mechanics of specific indicators.
2. Paper Trade to test your ideas
All members have access to our free Paper Trading tools. This means you can trade, invest, and study your ideas in a simulated environment. Do you think you can outperform the market? Open a chart on your desktop, click Trading Panel at the bottom, and connect your account. Place trades and study your performance over the next several days, weeks or months. Let's see how good you really are before risking any real money. 😁
3. Follow others, use chats, and be open minded
Traders and investors from around the globe share ideas here. They also participate in chats and the comment sections. This is not only an opportunity to learn and meet others, but it is also a reminder of who else is participating in markets. You can get instant feedback by asking questions, following their profile or contributing to various chats. It's never been easier to network and work with others to learn about the markets. It's also a reminder that markets are competitive. So get started by exploring the community, meeting others, and learning new concepts.
4. Backtest, backtest, backtest
The Strategy Tester makes it easy to backtest your trades over a period of time. You can test different strategies in the Public Library by opening the indicators menu and selecting a strategy. Strategies are shown with a down red arrow and an up green arrow at the end of its title. It will look something like this: "Momentum Strategy 🔻▲." Add a strategy to your chart and use the Strategy Tester to follow its performance. For those looking for a simpler way to backtest, the Bar Replay tool can take you back in time to test your ideas on a specific ticker. Press the Rewind ⏪ button on the top of your chart.
5. Make a plan
Many new traders and investors forget to make a plan. Instead, they start trading without testing their ideas or learning from others. Use the tools available to you and make a long-term plan! Draw your plan directly on the chart, use the Text Notes tool located at the bottom of the chart as a personal blog or diary, create indicator layouts, save specific chart layouts to never lose your plan, and create alerts for quick reminders. All of these tools can enhance your process and long-term plan. Visit our Help Center to learn more and everything available to you including any questions you may have about your account.
We hope you enjoyed this post and please leave any questions or comments below! Our team is always reading for your feedback. Stay tuned, we have more posts like this coming.
Meet the new Highlighter and Signpost drawing toolsWe recently added two new tools that are available to everyone. The Highlighter is an easy way to highlight price levels, notes, and events on your chart. The new Signpost is a fast way to place notes that connect to specific price levels or events. In the chart above, you can see both of these tools in action. Below, we will give you a little more detail about how to use these tools and where to find them.
Highlighter
We've all used a highlighter before to add emphasis to important words or text. Our new Highlighter tool works in the same way. You can highlight price levels, text or other objects on the chart by simply selecting the tool and then highlighting an area on the chart. To get started with the Highlighter tool, find and open the Geometric Shapes menu on the left side menu. This is the same menu where you can find the Brush, Path, and Rectangle tools. Use the Highlighter tool to add additional emphasis to your research and charting.
Signpost
You can find the the Signpost tool on the left side menu under Annotation Tools. This is the same place where Text and Arrows are found. Once you've selected the Signpost tool just click a point on the chart to place it. You can then drag the Signpost up or down and change its distance from the selected point. The Signpost is an effective way to write notes or reminders at specific price levels. You could even make your own Timeline. 😉
We hope you enjoyed this post about our two new tools Highlighter and Signpost. Please leave a comment below if you have any questions or feedback for us. Our team is always listening! Feel free to share some examples of how you use the Highlighter or Signpost tools in the comments below. You can share a link to your charts.
Setting up and utilize tradingview (layout, drawing panel)Hello everyone:
Welcome back to a quick video on tradingview setups. Many of you have asked me about how you should set up your charts, your settings, customizations, watchlist..etc. So I will make a quick explanation video on this.
Chart:
-Create a blank chart
-Save under different names for different purposes
-candlesticks
-timeframes
-screens
-syncing
Setting/customization:
-color
-appearances
Drawing Panels:
-favorite the ones you're gonna use the most.
Watchlist:
-create watchlist
-flagging
Alerts:
-set only the ones with high probability potential, do need to set like 30 alarms.
As always, any questions, comments or feedback please let me know.
Thank you