When Are You READY to Trade with REAL MONEY?Hello hello, R2F here with another discussion.
Today, I'd like to go over the question, 'when do you know you are ready to trade with real money?'
Too many traders rush into trading with real capital before they are ready, and end up losing more money than neccessary on learning journey. People are generally impatient creatures and want to get into actions as soon as possible. Perhaps they want to find out if they are magically a trading savant before wasting time on all the usual work that is required.
However, trading is extremely simple, albeit not easy. The difficult part comes in the form of the investment of time and experience, and refining yourself as a person. Once you had that in the bag, trading offers the potential for generational wealth that comes with the freedom of time.
Without further ado, I share my thoughts on how to approach this burning question.
- R2F
Community ideas
The TradingView Show: Live With OKX & TradeTravelChillGreetings, TradingViewers worldwide! This interview was conducted live and is now available for playback and on-demand viewing on our TradingView account, accessible for free. This program delves into trader education, cryptocurrencies, and the flexibility of trading from anywhere with an Internet connection.
Keep in mind that this show was streamed LIVE, so you might come across references to our live chat. No worries, though; you can still watch the show instantly and access the comments section below. Feel free to leave us your feedback!
Here's a glimpse of what we cover in this episode:
1. Gain insights into crypto trading, specific strategies, and the essence of trading them.
2. Understand the dynamics of trading on-the-go and establishing personal rules in an era where crypto trades round-the-clock and connectivity is constant.
3. Discover how TradeTravelChill began on TradingView and OKX, now leveraging our integrated broker partnership. TradeTravelChill and OKX are partners, with OKX being a broker partner on our platform, facilitating seamless connections for traders.
4. Dive into trade ideas and setups in crypto markets, particularly focusing on major coins.
5. Explore some of the hottest topics in crypto markets at the moment.
Our objective with this show is to educate traders worldwide! While we don't provide direct advice, our focus is on empowering traders to learn, practice, and excel in the markets.
Relax, ask questions, and enjoy the show!
Why will Ethereum drop toward 2500 levelLiquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair
structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!
Thank you for watching
Follow me for more crypto analysis
The TradingView Show - Must-see Charts with TradeStationHello to all the global traders! We're live with David Russell, TradeStation's Global Head of Markets. He's also the one who publishes the research and analysis from the official TradeStation account on TradingView. Follow them here: www.tradingview.com
In today's show, we're discussing the most important charts, interesting trades, and providing education to all traders. What's on David's mind? Interest rates, earnings, and big moves happening across equity markets from Apple to Goldman Sachs, Bitcoin, and copper stocks like FCX.
We look forward to meeting all the traders out there and thanks for watching. Ask questions in the comments section, share your best insights, and be sure to subscribe to our future shows, all happening on TradingView and with our partners, influencers, sponsors, and global community.
This show is strictly for education and entertainment. Never advice!
Look first, then leap!
- TradingView
Important disclaimers for ETFs: www.tradestation.com
Important disclaimers for options: www.theocc.com
All other important disclaimers: www.tradestation.com
Putting Risk Reward into PerspectiveMost newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth.
In this video I try to give more perspective to this concept.
- R2F
Uncommon Inflation Measures for Analyzing Attitude towards Risk In this analysis we breakdown certain inflation measures that can aid us in capitalizing on longer term trends in various asset classes. The Baltic Dry Index or BDI gives us a real world view of shipping costs. The Index is a measure of the cost to move commodities by the Sea. Therefore, It's a leading indicator for the demand of commodities around the world. The Baltic Dry Index dates back to the mid eighteenth century as the majority of sea trade was done between London and surrounding Baltic states. Each day the price is updated just prior to New York stock exchange open by the 26 largest shipping companies in the world. The Baltic dry index is a pure piece of data because there is no government or central bank manipulation behind it. The BDI can be quite volatile and this is due to the fact that there are a finite number of available transport ships at any given time. If suddenly commodities come into high demand globally .. this means there will be less ships.. and this results in higher prices to ship goods. This signals us that Inflation may be increasing and therefore higher interest rates may result as the economy heats up. A Falling Baltic Dry Index indicates to us a slowdown of demand for commodities and also of the broader world economy.
Next, we observe the GCC or an Exchange Traded Fund that is based upon the Continuous Commodity Index. The Fund intends to provide broad-based exposure to four commodity sectors : Energy, Agriculture, Precious metals, and Industrial Metals. The Baltic Dry Index generally leads commodity prices(and the commodity index) which was a concept we identified in our analysis.
If this was useful or interested you, Please leave a Rocket or comment in support of similar analysis in the future.
General Disclaimer:
The trade ideas presented herein are solely for informational and educational purposes only. The ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
How To Grow A Forex or Crypto Acc Scalping A 5m Time FrameIn this video, we delve into a high-probability scalping strategy, building upon the concepts introduced in our previous videos on developing a trading plan and risk management. This third installment in the series focuses on refining entry points for high-probability trades. We explore a basic trend continuation strategy on the 4-hour time frame, then zoom in on the 5-minute time frame to identify specific price action that provides a precise entry point. Our approach involves identifying when price action begins to trade sideways, forming a range on the 5m time frame, and waiting for signs of volatility, where price takes out stop losses above or below the range. Once this occurs, the trend typically sets up on the lower time frame, allowing us to enter our trade on the 5-minute chart. We always place stops above or below the previous high, targeting the previous price swing. Please note that this video is for educational purposes only and should not be construed as financial advice.
Assessing Market sentiment using the Vix and Dxy 📑Hello Traders and welcome back to another Video analysis. We break down the relationship amongst different asset classes when gauging market sentiment. In particular, how to analyze market direction on the Nasdaq 100 by looking at the Volatility and Dollar Indexes. We combine this sentiment analysis with candlesticks, and how they leave clues for us when anticipating market direction.
If you aren't familar, the Dollar Index represents the strength or weakness of the USD against a basket of 4 currencies. The Euro, Yen, Aud, and the Gbp. The US dollar is the safe haven of the world and when it increases in value, this represents risk off sentiment as investors and market particpants look to preserve the value of thier monies. On the other hand, the Nasdaq is a stock index, and therefore represents an asset class where investors are looking to grow their capital. In theory, they should be inversely correlated and generally are, thereby giving us clues when anticipating market movements in one another. In this example, we look at how we can use the (DXY) dollar index when anticipating market movements in the Nasdaq 100 stock index.
The Vix or Volatility Index represents the options market for the S&P500 stocks. When the Vix goes up this equates to investors and market participants buying puts and anticipating future downside for the S&P 500 stock index. When the Vix goes down, this represents anticipated upside in the U.S. stock indexes by investors and market particpants buying calls in the options market.
Please a Rocket or comment in support of similar analysis in the future
GBPUSD: Bullish Momentum Ahead! Friday Trading OutlookGreetings Traders!
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
Kind Regards,
The_Architect
Short Covering in GBP/USD - Trend Reversal The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high.
We have used the Fibonacci to determine that buying is a high-probability trading decision this morning.
We have seen a pullback into the buy zone on the 15 Mins chart.
The area of Targets are:
1.] 1.2392
2.] 1.2468
Stop at the LOD: 1.2330
1-Indicator Strategy For Beginners...The Stochastic Hey Rich Friends,
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to add to your chart. The only thing that I modify is the thickness of the lines but feel free to make further changes to your liking.
2. Make sure that the "indicators and financial values" option is ON. Right-click your scales, select labels, and make sure "indicators and financial values" is checkmarked.
Entry signals for a buy:
- The STOCH is facing up
- The fast line (blue) is above the slow line (orange)
- The STOCH has crossed above the 20% level, from oversold, back into the blue-shaded area
Exit the trade or take profit once the STOCH has crossed back below the 80% level, from overbought, into the blue-shaded area.
Entry Signals for a sell:
- The STOCH is facing down
- The slow line (orange) is above the fast line (blue)
- The STOCH has crossed below the 80% level, from overbought, back into the blue shaded area
Exit the trade or take profit once the STOCH has crossed back above the 20% level, from oversold, into the blue-shaded area.
I hope that this video helps someone become a more independent and profitable trader. Let me know in the comments if you try this strategy!
Peace and Profits,
Cha
Keltner Bands Pullback StrategyHere we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid.
This setup contains 3 parts:
The channel touch
The Pullback
The Entry
The Channel Touch
Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average True Range) of a loopback period. So a touch of the band indicates volatility in the underlying stock or commodity. This also presents us with a chance for a nice pullback with continuation.
The Pullback
The pullback is simple, it is a reversion to the mean. So, the price pulls back to the mean (the ema) that the Keltners are based on. From this point, you can start to determine the entry.
The Entry
Depending on your style, a stop order, or limit order trader, you get to create your style to enter the trade. The following are some ideas: zero line MACD cross, second entry (price action) long or short, a trigger zone (for limit order traders), and an ema touch (limit order traders).
Zero Line Entry
Price pulled back and crossed the zero line on the modified MACD indicator.
Second Entry Long (High2)
The entry is the second attempt to break the previous bars high in a pullback.
The Trigger Zone
I created these based on an internal Keltner channel. You can set your limit orders anywhere inside of them.
EMA Touch
Whenever the price touches an offset ema you can enter. So you can place and move your limit order as the ema moves. I like to offset by one because you are guaranteed a price touch (ema doesn't move). Backtesting is also my accurate with an offset ema.
Conclusion
The Keltner channels offer an extremely powerful way to determine a potential pullback within a trend. They also help define trends (on the first touch) and help objectively identify climatic behavior. This strategy as a whole allows for high-quality setups and the flexibility of entering and exiting trades based on trading style. I like to shoot for a 1:1 based on stop placement.
Bitcoin: is price set to get cheaper or.....?Today's focus: BTCUSD
Pattern – Range, seller test.
Support – 62,000 area
Resistance – 73,000 area
Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily.
With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the 62,000 area.
We have run over a few scenarios. Could we see a move-through support to test the next lower Fibb point? Or will we see support contnue to hold the current range pattern?
Good trading.
Futures Day Trading with Volume ProfileToday was yet another amazing trade off a long term volume profile level for over 50 points on the CME_MINI:ES1! S&P500 E-mini futures.
I want to document these trades as teachable moments because I think Volume Profile is an absolutely amazing tool that should be in ever trader's toolbox!
TradingView Masterclass: The power of Bar Replay🚀 Unlocking Your Trading Potential with Bar Replay on TradingView
In the whirlwind of trading, having ace tools up your sleeve can dramatically shape your strategy and success. The spotlight shines bright on TradingView’s Bar Replay feature, a gem that offers a rewind on market movements, setting the stage for strategic mastery. Let's dive into what makes Bar Replay a must-use for traders eager to refine their game.
🕒 Understanding Bar Replay on TradingView
Bar Replay is one of TradingView's standout features, allowing traders to select any point in history on their chart and watch the market's movements replay from that moment. It's a game-changer for visualizing price actions and volume changes without the stakes of live trading. Whether you're aiming for an in-depth analysis or a quick market recap, the adjustable speed of Bar Replay caters to all your needs with unmatched flexibility.
🤿 Why Dive into Bar Replay ?
The magic of Bar Replay lies in its exceptional ability to simulate market scenarios, offering a practice ground for strategy testing and gaining insights from historical market behavior. Newcomers find a safe space to learn and experiment, while the pros get a robust tool for refining strategies. Our tutorial video steps it up by walking you through practical uses on a top company's chart—marking crucial levels, applying indicators, and making trade decisions, all within the Bar Replay environment.
✨ Conclusion: ReplayYour Path to Trading Excellence
Bar Replay isn't just another tool; it's your companion in the quest for trading excellence, turning theory into actionable insight. Whether you're just starting or fine-tuning your strategy, it bridges the gap to more informed and decisive trading.
Ready to explore Bar Replay 's power and make each session a step closer to your trading goals? Let's embark on this journey together.
❓ Ever tried Bar Replay in your trading adventures?
We're all ears! 📢 Whether it's been a strategy game-changer or you're navigating its integration, drop your stories below. Let’s navigate the market's waves together.
💖 TradingView Team
PS: Check out our other Masterclasses in the Related Ideas below 👇🏽👇🏽👇🏽 and give us a 🚀 and a follow if you don't want to miss any of our future releases!
Double EMA Strategy...For Beginners Hey Rich Friends,
Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them.
Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio.
If you are still struggling to find a SIMPLE strategy that works for you, try using this Double EMA strategy that I apply to my trades. Let me know what you think and if it works for you!
Today we will cover:
1. How to use EMAs on Tradingview
2. Double EMA Strategy
3. Feel confident taking a buy or sell in Forex trades
4. Trade with the trend
Peace and Profits,
Cha
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
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