Get started

Learntotrade

EUR/GBP - Daily Consolidation and Possible PlaysIf price action depicts a loss of momentum at the level of major resistance I could be looking for my first possible sell opportunity. Price could break past it and consolidate once more before heading to the downside in what I think will happen. Two sell opportunities could possible happen. The observation to be aware of is some kind of formation at the major resistance level to determine the next move. If price action signals a downside move I.E. bearish engulfing, variation, etc. then it seems reasonable to take a sell position. If price does break below consolidation sell opportunity #2 could play out as well if price retraces back up to monthly key level. Overall this forecast is an ideal vision of possible trade set ups. I would set an alert at these levels to speculate a possible move. Good luck traders! Trading Journal #13 - Austin S.
Short
by austinlmkc
CAD/CHF - Steady Uptrend Monthly - Short on 4HRI like the range of price that I see on the Monthly time chart. From what I observe the pair is in an overall uptrend. Price broke a major support level and is now retracing back up for what I think could be a re-test. Fibonacci Retracement level 0.5 is in sync with the same broken major support level so I would keep an eye out. According to price action on the 4 HR there is indecision at Fibonacci Retracement level 0.382 followed by a bearish engulfing. As to what it seems price might even head to the downside sooner than expected. My move would be to wait till price moves up to Fibonacci Level 0.5 or Down to Fibonacci Level 0.236 for an opportunity to sell. Anything else, well then this wouldn't be a trade for me and I would probably check out another pair. All in all, keep an eye out folks I think this one could be a goodie. Side note I mentioned in the title that it is a steady monthly uptrend. I would consider this trade a short term opportunity as I for I have learned to not trade against the trend. Well this trend on the 4HR seems to be going down so this is more of a test to see how price reacts. Trading Journal #11 - Austin S.
Short
by austinlmkc
USDCHF: Analysis and Plan for the week ahead (2JUNE2019)We are currently looking at USDCHF. At the moment as you can see the trend is going down wards. With the pairs making its Lower Highs (LH) and Lower Lows (LL), this shows the movement of the market downtrend. Meanwhile as we can see that the price is currently at the WEEKLY LOW point. What could happen is that it will bounce up from the WEEKLY LOW for a bit before continue going down wards like most of the times whenever something similar like this happens. Next Move: Will wait and observe for the next candle stick to appear and see what is the outcome before taking action. Will not stay at BUY for long as market looks like it is going down trend. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Long
by FUADALHAKIM
EURUSD: Analysis and Plan for the week ahead (2JUNE2019)What we are looking right now below is the 4H chart. Reason for me to show this is because I feel that the pair is currently respecting the trend line. If the pair continues to respect the trend line, the pair will not go above the trend line (diagonal red line). Next Move: Will be observing for the next candle stick. If the next candle stick goes bearish, I will take a SELL on this. My plan for this pair is to go for SELL. Otherwise, I will not take any actions yet until it is much clearer. (If the candlestick goes to touch the trend line. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
by FUADALHAKIM
USDJPY setting up for a possible shortPrice is currently trading within an ascending triangle pattern when viewing on the weekly time frame, refer to the attached link for the chart view (). If price reaches the supportive trend line, price action can be applied to look for a buy signal unless the trend line is broken to the down side... For now my focus is on the D1 time frame where I have spotted a potential sell setup emerging that can be traded to the support trend line before looking to buy, based on the ascending triangle pattern mentioned above. # 110.758 is a level that holds significance based on my analysis on a provisional short term view, this is where I will look for a signal from the market # Factors of confluence will be considered before opening a short # Targeting +/- 109.000 where the previous swing low is located would be an ideal first target See live examples by following me in Forex Bootcamp using the telegram link below. You can join my mailing list at zc.vg to receive trade ideas, strategies and training from time to time. There is no fee so please feel free to take advantage. I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
by Cmasterza
EUR/USD - SellI've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well. To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action will head down towards the support zone and against test its a large zone on this one and I will be keeping an eye on it to see where the best entry point is for me I think that it will retest the support zone and then head back towards the trendline at this point I will look and a buying opportunity to get a few pips off the market but with the view to closer and finally entering a long term sell trade which once it has hit the trendline and started its descent I will place my TP where the support zone is and my SL at 1.13030.
Short
by IJMInvesting
US30 BUYlooking at price heading towards 26500 level. lower prices have been rejected on the 4 hour time frame, the big bearish candle is engulfing the green candle so i will be looking to see if the price breaks the previous red candle before looking at a clear buy. as you can see i have a trend line going across as well as going diagonally up. you will notice that price always respects a trend line which is why i keep my strategy very clean and simple when trading Indices. Lets secure the bag together and have a money day! Follow me on social media : Instagram - Vellly Instagram - Learnitempire Youtube Channel - Learn interact trade
OANDA:US30USDLong
by LitCap-Vell
EURAUD Long Trade - *Descending Wedge Pattern & Demand Zone*Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below: Technical Analysis: - Descending Wedge Pattern - Price is Squeezing - Rejections of 1.57/1.57150 support zone - Anticipation of the wedge breakout Fundamental Analysis: - Gold price dropping should influence AUD negatively - Anticipating negative AUD data A full breakdown of this trade can be found on my blog by clicking on the link below: diaryofafinancekid.com
Education
by UnknownUnicorn772665
1
US30 SHORTAs you can see we previously saw price break our zones which hit our TP. Higher prices are being rejected we now are looking for the pullback. lets see how the week ahead is going to look as we prepare a sell with the look at the market dropping down towards the 26000 level.. its a new week so lets catch some pips because Everyday is Money Day! please follow our social platforms and let me know what you think about our set ups posted!> Instagram : Vellly Business instagram : Learnitempire Youtube Channel : Learnitempire
OANDA:US30USDShort
by LitCap-Vell
Position Formation - 4hr Interval - USDCADHello Everyone, The currency pair (USDCAD) throughout the past week consolidated and then gained traction towards a downward (bearish) identity. A reversal or further consolidation may be imminent. Be cautious and let market action take place (Support Level 1 or Resistance 1). Resistance Level 1 - (1.34680 - 1.34730) 50 pip interval Blue Horizontal Line - (1.33200 -1.33250) 50 pip interval Support Level 1 - (1.32430 - 1.32480) 50 pip interval Support Level 2 - (1.31100 - 1.31150) 50 pip interval Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Plan)*** -LionGate
by LionGate
EURUSD Quick Short Trade *LEARN TO TRADE MARKET GAPS*I have recently had a lot of success trading the weekend market gaps forming on a few major FX currency pairs so I thought I would show you another example and explain it in more detail. Market gaps most commonly occur when price moves quicker than the market or, in the case of weekends, when the market is closed. Things happen in the market over the weekend so when Sunday evening trading opens, price has normally moved or "gapped" away from the close price on Friday. I don't trade every gap I see in the market and that is because of how the gap forms as part of the prevailing trend that is showing. I always try to trade with the trend and use market gaps as a discounted way of entering into a normal trend following trade. This example is on EURUSD. The market gaps upon opening and is now around 20 pips higher than the close price on Friday. This is good because the price has gapped up when I have the bearish trend marked on the chart with the lower highs and bearish TL. A gap up means I can enter short and be onside with the current bearish trend. This seriously helps with profitability and success in the long term. My confluences for taking this trade are: - RSI showing over bought. - Price is around daily pivot level. - Bearish trendline - Lower highs and lows. I always place my Stoploss 10 pips above the current high when taking my pivot trades and I have used this same method for these quick gap trades. Profit Targets: My TP1 is always set to the Friday close price. This means the gap has been fulfilled. TP2 is set at the daily S1 level. This is taken from my day trading strategy because if there is a lot of momentum then it makes sense to ride it out for more profit. TP3 is set at the daily S2 level if there is still enough bearish momentum to make it there. R:R Ratios: - If price makes it to TP1 then that is a very simple 2:1 trade. - TP2 would make the trade a 4:1 trade. - TP3 would make this trade over 6:1 R:R which is crazy but sometimes possible if there enough momentum in the markets. Thanks for reading and I hope this helps at least a few of you to start spotting and trading market gaps. They really are very good to help you get a head start on the week ahead and lock in a few % profit before Monday has even began!
Education
by UnknownUnicorn772665
1
Week in Review: All of Old. Nothing Else Ever. Except Sometimes.First Off If you enjoy these weekly publications and would like to keep up-to-date with the latest and greatest scripts, share this article and follow me on TradingView. No Turning Back Now Last week the TradingView community made an effort to publish some high-quality, open-source studies and strategies for everyone to benefit from, which in turn required from me a better quality articles on the week. This seemed to be a popular decision and (hopefully) better sponsors the script that I discuss. This week I’ll try to do more of the same, but in order to improve I’ll need some input from the readers. So please, if you have any suggestions on how to improve these articles, don’t be afraid to express them either in the comments or via a direct message. In this Week’s Charts Let’s first mention MichelT’s “Average True Range in pine”. Although the function for the atr() is already available in Pine, it’s handy to understand the math behind the function should you need to circumvent some error messages that TradingView is giving you when using the built-in atr(), or if you wish to modify the formula to fit another purpose. Speaking of changes to fit another purpose, jaggedsoft’s “RSX Divergence - Shark CIA” takes everget’s “Jurik RSX” and modifies it to include divergences, the code of which was snipped from Libertus’s “Relative Strength Index - Divergences - Libertus”. This implementation calmly spots meaningful anomalies between price action and the oscillator in question. everget himself was relatively prolific this week, doing what he does best and adding to the open-source repository of moving averages available on TradingView (a repository that he’s had a heavy hand in establishing). This week he’s gifted us the “McNicholl Moving Average”, developed by Dennis McNicholl, as well as the “Quadruple Exponential Moving Average” and the “Pentuple Exponential Moving Average”, both developed by Bruno Nio. It’s great to see him publishing open-source work again and hopefully this continues into the future. And Left Out of Last Week’s Charts Last week was probably a more appropriate time to include them, but, alas, I had a (major) oversight. So allow me to give a quick introduction to puppytherapy through the two scripts published in the last week, “APEX - ADX/ADXR/DI+/DI- ” and “APEX - Moving Averages ”. Both are insightful compositions on how to get the most from simple indicators. I look forward to seeing more of his work (and I’ll try, in future, not to disclude good work like what he put out last week) Milk it for What it’s Worth I mean, who doesn’t enjoy seeing people apply simple methods to maximum effectiveness? Much like puppytherapy , nickbarcomb’s (a joke some of my Northern Irish friends would appreciate) “Market Shift Indicator” could be a lesson to a lot of us on how to get more from our moving averages and I’ll certainly be applying some of his concepts to develop prototypical signal systems with moving averages in the future. Someone who’s concepts I’ve borrowed from before with great success is shtcoinr , a user who, along with many others, has appeared regularly in this series. A master of compiling simple and effective S/R indicators (something that was a bit of a mystery to the TradingView community for a while), shtcoinr has done it again with his “Volume Based S/R”, a S/R indicator that paints boxes according to volume activity, and “Grimes Modified MACD Supply Demand”, a modification of his “RSI-Based Automatic Supply and Demand”. shtcoinr has hopefully exhibited to the TradingView community that one can derive S/R areas with almost anything. Another regular who’s recently released a few scripts that render S/R is RafaelZioni . This week he published his “Hull channel”, which is a creative use of the Hull MA and ATR. Like many of his past scripts, there’s a trove of helpful information buried deep in the code of his work, so don’t hesitate to get your fingers dirty. You’ll likely learn some very helpful things. Nice to Meet You Let’s go over some new faces this week, many of whom have brought something genuinely new to the TradingView community. When I say new faces, I mean new to the series of articles, as many of you are likely very familiar with the psychedelic and, at times, enigmatic work of simpelyfe . This week he released two highly creative, open-source scripts that can have a number of applications; his “Randomization Algorithm ” (which returns a number between 1 - 10 and is a nice alternative to RicardoSantos’s “Function Pseudo Random Generator”) and his “Pivots High/Low ” (with a bit of tinkering this might have an application in automatically painting trendlines). It’s great to see how he does some of his wonderful work and I’ll definitely be following him closely in the future with the hopes of improving my own work. westikon’s “Time Volume Accum” is (as far as I know) another new indicator to the TradingView community. Unfortunately the very short description is in Russian (I think) and I’m not too sure in what capacity this is supposed to be used, but I’m always looking to get new perspectives on volume and I’ll be studying this idea to do just that. RyanPhang , also partial to speaking a language I don’t understand, has created , which roughly translates to “Volume drives ups and downs”. Again, not too sure what ideas or systems this pertains to, but (for me anyway) it’s, again, a new way of looking at something old. Another volume indicator with the bunch is “Better X-Trend / Volume”, published by rimko . This is an iteration of emini-watch’s Better Volume indicator, which is available for purchase through his website. Due to the fact the TradingView doesn’t allow one to glean tick volume, this is as much fidelity rimko can show to the original as possible. Hopefully this will change in the future. mwlang published “John Ehlers Universal Oscillator ” this week. The purpose of this release was to fix “a degrees to radians bug in LazyBear’s version” of the indicator, something I’m sure Ehlers’ fans will be thankful for. Call Security One of the benefits of using TradingView is having access to a wealth of data, but being allowed access to it is not the same as knowing how to get access to it, and even further from getting the most out of it. kishin’s “Mining Cash Flow Line” takes data from Quandl, does some mathemagic and spits out the price that it costs to mine Bitcoin. Knowing how to utilise this kind of data in the future will likely help to seperate the men from the boys, so it’s important we come to understand and learn how to apply it as a community in order to keep our head above water. kishin’s script leads the open-source foray into this unchartered TradingView territory. Another user that’s made some great use out of Quandl data is deckchairtrader . This week they published “Deckchair Trader COT Index”, “Deckchair Trader COT MACD” and “Deckchair Trader COT Open Interest”. As it was in the paragraph above, this isn’t simply a matter of relaying the raw data from Quandl, but requires running it through a couple functions to get the final result. This is also one of the few scripts that performs fundamental analysis on TradingView. Do you know what the maximum amount of securities you can call is? It’s 40. Just ask danarm , who’s “Aggregate RSI”, “TDI on Top 40 Coins” and “Top 5 coins cummulated Upvol/Dnvol and Money Flow” (r/increasinglyverbose) call on many securities. Each one can give good insight into the market breadth of any give move and each one invites the user to consider ways they might use the security() function. At It Again No doubt you know who I’ll be focusing on this week and regular readers are probably wondering, “where is he?”. But before I start (it’s dasanc by the way), let me say this: since the start of this month to the date-of-writing (27/02/2019) dasanc has published 20 open-source indicators, with (as far as I can count) fifteen of them being completely unique. Most of them are the work of the highly-renowned technical analyst John Ehlers, someone who many, if not all, algo traders are aware of. With four new open-source scripts under his belt from the past week, two of them unique, I feel justified in more thoroughly looking at dasanc’s work. First off we’ll look at the “Bitcoin Liquid Index”. This is a script calling from the tickers that compose the BNC Index. If you’re a TradingView user that doesn’t have a PRO account, but that does want a “fair” price for BTC, this script can help you achieve exactly that. They’re not the exact same, but they’re very close (as the below screenshot shows). The “Stochastic Center of Gravity” is dasanc’s stochastic translation of of Ehlers CG indicator. On the page for the indicator he’s provided a link to the paper that discusses it. As dasanc mentions, it’s reliability as a trading indicator is a kind of questionable that TradingView’s backtester doesn’t have the resources to answer. It doesn’t fit BTC on the daily, as you can see below (green line = buy, red line = sell). “Fisher Stochastic Center of Gravity” simply runs the “Stochastic Center of Gravity” through a fisher transform, the result of which are smooth, filtered signals.. (As a sidenote, transforming data through a fisher transform, or some other transform, is applicable to many different indicators.) To use the “Fisher Stochastic Center of Gravity” dasanc suggests first defining the direction of the trend. How do we do that? Luckily he’s provided an open-source method for us to do that called the “Instantaneous Trend”. (By the way, if someone says iTrend to you, they’re not talking about trading software released by Apple, they’re talking about the Instantaneous Trend by John Ehlers). The iTrend is a “low-lag trend follower for higher timeframes”. Want to learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open. Profile’s of Mentioned MichelT: www.tradingview.com Libertus: www.tradingview.com jaggedsoft: www.tradingview.com everget: www.tradingview.com puppytherapy: www.tradingview.com nickbarcomb: www.tradingview.com shtcoinr: www.tradingview.com RafaelZioni: www.tradingview.com simpelyfe: www.tradingview.com RicardoSantos: www.tradingview.com westikon: www.tradingview.com RyanPhang: www.tradingview.com rimko: www.tradingview.com kishin: www.tradingview.com deckchairtrader: www.tradingview.com danarm: www.tradingview.com mwlang: www.tradingview.com LazyBear: www.tradingview.com dasanc: www.tradingview.com
NASDAQ:AAPLEducation
by chrysopoetics
6
GBPCAD sell setup!Hello traders, As you can see I'm only looking for the sell at this stage. GBPCAD broke the trendline with the strong down impulse and now it's making correction (sell setup) about the trendline what is a good sign. The bigger picture also looks downside and this is the one of the reason why I'm interesting only in the sell. Wait for more sideways candle and take that sell! BONUS: If you think it will drop fast you can put entry order at the low of the smaller correction like I did on the picture. So be aware of that type of entery because it's VERY RISKY! The safest way to entry is to wait for sideways candles! Make the bank rolls! :P $$$$$$$$$$ If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM
Learn how to fish Support orange arrows. Resistance purple arrows. Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows ) Now it seems pretty clear to us where price is heading and we haven't got any indicators on our charts at all, just clean fresh charts.... quick someone call the FOREX POLICE because we must be committing a crime as everywhere we look we see stupid charts that look like a 5 year old has drawn on them... These charts may work for the person using them but they are also used to try and confuse people into thinking that trading is hard so they will pay for help from this person. Yes we sell high quality signals, but honestly we would rather people learnt to trade themselves, this is why we don't over complicate charts... YOU CAN GIVE A HUNGRY MAN A FISH TO CURE HIS HUNGER FOR A FEW HOURS... OR YOU CAN TEACH HIM HOW TO FISH SO HE CAN EAT FOR THE REST OF HIS LIFE. We prefer to show people how to fish if you get my drift ;)
Education
by Apex_Gregg
11
Keep charts simple... Dont let them fool youORANGE ARROWS - SUPPORT PURPLE ARROWS - RESISTANCE Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance line... Come on people it really doesn't take a genius to work this stuff out! Find a strong area/zone of support and resistance, place them on your charts and price will respect them time and time again for years to come, this gives you a head start over the market, you see peoples charts that look like an artist has thrown up over them, charts with more lines on than a table at a wall street office party :p.... These indicators only confuse you and stop you seeing what's going on, look at our charts they are nice and clean and you can spot setups easy. Keep it simple and you will succeed, confuse things and the market will destroy you.
Education
by Apex_Gregg
Xau/Usd at channelThere has been a long bullish trend in Xau/Usd and the price is now at the moment in the weekly resistance zone and also soon at the top of the channel. That means we could see a potential pullback to 1296 zone where the latest bullish push was, where the price also broke daily resistance that is also the reason why i possibly see the price dropping, cause when resistance has broken it should also be retested (of course not always)to see its holding. However, to go short price action should show some exhaustion in this resistance zone. Tomorrows Gross Domestic Product, FOMC and Fridays NFP could increase Dollar strength and potentially start the selling phase this week. Otherwise, if bulls successfully capture the zone price most likely will continue to 1350 without seeing much exhaustion on the way.
FX_IDC:XAUUSD
by Keylevelfx
How To Accurately Enter Reversals!...In the chart above we are looking at the AUD/JPY pair on the 12hr. To precisely enter successful reversals we need to maintain a very strict trading criteria in order to benefit the most out of our reversal trades. Questions we need to ask before entering a strong reversal: - Who is in control of price? - Have we reached a strong area of Support/Resistance? - What is the candlesticks telling us? - Is the trade worth the risk? - Is there confirmation? The Answers For This Example : + The Bulls are in control of price - We have seen from the beginning of the New Year, the Australian Dollar increase in strength in the last few weeks. + We have reached a strong Monthly S/R zone which price has had difficulty in the past breaking through. + Candlesticks formed an Indecision candle after testing the ZONE twice. This tells us the momentum of the Bulls have significantly slowed down and we could see the Bears take control of the market. + Our risk to reward ratio is 5:1. We maintain a tight stop loss with reversals as the markets are not in our favour. We want to be out of this trade as soon as possible if the trade goes against us. Mitigate our losses, maximise our profits. + WE WAIT for confirmation. The highest reason why traders lose out on beautiful reversals is they do not wait for confirmation, or they miss the confirmation. Confirmation is very important and can determine the difference between a winning trade and a losing one. The confirmation we wait for is a CLOSED bearish red candle. As we are on the 12hr timeframe. We will wait 12 hours for the candle to close. If a bearish candle forms we will enter this trade as it gives us confirmation that the Bears have taken control of the market. ------------------------------------------------------- Happy Trading. Juff
by TheRZA