This is an example of Shorting SPY at the High and a comparison of RSI and Price Strength Index (PSI). AMEX:SPY made a great upside move towards 450 and then 453 on a valid strong move after a bounce of higher Low. Then, it made a pullback to 450 and made a retest of 453 to go higher. Price action w PSI analysis On 4H chart, at the second test of 453, buyer...
In this help Tutorial, I would like to take a look at losing trades, as show you that losses can and will unfold, no matter what Trading approach you take. In the video we take a look at a losing trade on the 3min NQ. I know that 3min is shorter time frame than we usually look at in TradingView, but it illustrates the example well. As you will see, losses will...
Hi Traders. Today's topic is regarding one of the most important fundamental risk management principles. Make sure to follow. One thing about Risk Reward, is that they are very decisive in order to make your account grow Imagine you're taking a trade risking 100 dollars to make only 50 dollars does it makes sense in the long Run? The answer is no, most likely...
Opening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in...
DAY TRADING RULES & TIPS THAT WORK DAY TRADING RULES BEFORE YOU EVEN START 1. DAY TRADING IS NOT A FORM OF INVESTMENT. Day trading is not a form of investment. It is not part of the stock/bond portfolio that you have for retirement. Day trading is a risky business, and you stand to lose everything if you fail. You must accept this fact before you start day...
Many traders - especially beginners - rely on others to tell them what stocks to trade and when to place their entries and their exits. What I want to show you is not so much how to trade or what strategy to use, but once you have found a strategy that YOU like, how to set up this strategy in TradingView and get automated alerts when a stock meets your...
This video is part 1 of a coming series on trading psychology. I tell you where I think a trader should start when it comes to working on their mental game.
Good afternoon everyone! Just wanted to examine how gamma affects the markets, how you can use it in your own process, and an interesting dynamic that has been playing out in the S&P over the last few months. Cheers!
I publish ideas about ATTITUDE and EXPECTATIONS and, in general, about the electrical activity taking place between our ears. If my thoughts make sense to you, consider following me, because I have found such ideas to be difficult to find on TV and perhaps you feel the same way. I just talk about "different stuff" because I believe "food for thought" is too often...
In 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...
What is an Ascending Triangle Pattern? Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...
I explained what I learnt in the picture! Hope it might be useful)
These 5 patterns can be used to detect a trend, a change in trend and trend continuation. This is educational for the tardingview community.
This is an educational idea that represents the types of corrections that the triangular marking makes, either bearish or bullish depending on the trend. This can go a long way in various markets so that you can identify where the market is likely to go.
Both holding & not holding don't make sense. Definitions: - Holding = try to hit "homeruns" every time - Not holding = snatching profits at target (not before, that's just being a huge noob) Assume winners 5 times bigger than losers on average: 5R. And the winrate is of 20%. So that's a PF of 1.25, all good. To keep it simple there is no trailing until...
"Losing is the part of the game." - said the loser and kept losing. Are you a loser? Or do you open your mind? Losers lose because they BELIEVE in their loss. They refuse to comprehend reality. In reality, you can't learn from failures. A loss is a loss. Nothing more. In truth, you can learn only from successes. But what if you only lost so far? Good news: It...
Candlestick Strength Meter Look for this at the key level.
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies,often referred to as a basket of U.S. trade partners' currencies. DXY can be used for defining current tendency in the US Dollar and finding trading signals on Forex. The Index goes up when...