Bitcoin (BTC) • Low supply & Demand while MM Barts in control Market Makers are now in control as we can see with those Bart patterns forming up as demand faded away and supply is also weak.
We have strong orders in the books around 47.5 and 50k acting as major resistances across the board.
Swaps now showing more frequently trading above spot which implies bearishness BUT we don't have yet the structural daily trend from the lows broken yet.
Finex longs are in slow decline and perpetual swaps in open interest ate back to very high levels which implies liquidations to come soon enough.
Altcoins are not rallying aggressively at local top levels. When we see this sort of fomo momentum into resistance probability distribution generally favor a reversal to come soon.
Community ideas
Weekly Trading Recap: EURUSD, USDJPY, SILVER, NZDCHF Aug 14 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: Running +2% profit
Full analysis/forecast:
USDJPY: Running +3% profit
Full analysis/forecast:
SILVER: First Trade -1% loss
Second Trade running +1% profit
Full analysis/forecast:
NZDCHF: Closed down for +3.35% profit
Full analysis/forecast:
GBPAUD: Closed down for +1% profit
Full analysis/forecast:
AUDCAD: closed down for -1% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
The Safest Way to Short The Stock MarketIn this video we explain Inverse ETFs as a tool to gain short exposure to the stock market. These can be used as a tool to profit directly from market or as a hedge to protect your stock portfolio in times of market volatility.
Let us know your thoughts in the comments below! Have you ever invested using one of these ETFs?
Divergences Explained by a RaccoonThis video's purpose is to go over the fundamentals of divergences.
How to spot them and the effects they have.
I might make a video later on practical application and how to trade them; as well as how to combine them with other technical analysis tools and techniques.
And I should be doing a stream soon where we just spend an hour hunting divergences on different commodities; whether it's crytpo, stonks, or forex.
I hope this helps those trying to understand divergences.
Let me know if anything seems off or is confusing, I am more than happy to make another video to clarify anything that seems off or incomplete.
Thanks for watching.
Learning the TradingView Platform: Exploring the Top Panel Pt.2In this video we will explore:
Indicators and Strategies
Fundamental metrics for stocks
Indicator Templates
If you would like to learn more about these items, check out the great material we have in the help center and on our blog. 📚 🤔 📚
Indicators
www.tradingview.com
Fundamentals
www.tradingview.com
www.tradingview.com
Indicator Templates
www.tradingview.com
Did you learn about anything new that you may use from now on?
Let us know in the comments below 👇 👇
Learning the TradingView Platform: Exploring the Top Panel Pt.1In this video we will explore:
Symbol Search
Time Interval
Bar's Style
Compare or Add Symbol
If you would like to learn more about these items, check out the great material we have in the help center. 📚 🤔 📚
Spread Charts
www.tradingview.com
Time Interval
www.tradingview.com
Compare Tool
www.tradingview.com
Did you learn about anything that you may use from now on?
Let us know in the comments below 👇 👇
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 17 total stocks on this list and 1 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Learning the TradingView Platform: Introduction to the Top PanelIn this video we will be covering what the Top Panel has to offer and some of its functions.
This will be the first part of a video series where we will be providing video walkthroughs of tools and items on the TradingView platform.
We hope that this helps both the brand new TradingView user as well as the seasoned user.
Feel free to let us know what features you want to learn more about below!
How to manage & deal with consecutive losses in trading ?
Trading Psychology: How to manage & deal with losses/consecutive losses in trading ?
Hi everyone:
Today I want to go over a very key trading psychology lesson on how to deal with losses, especially consecutive losses.
This is bound to happen to any traders, whether you are new or experienced. ITs something all professional traders will have to deal with on a regular basis.
Understand that, dealing with losses psychologically is the key factor in the success of a trader.
This is because losses are inevitable, and trading is a probability, which trades that you take will end up both in wins and losses.
However, traders usually can not accept losses, due to their ego, greed and other emotional factors.
Aside from having a good risk management, trading plan, and trading strategies, traders can still experience the psychological emotions of losing.
This is due to the fact that we are humans and we are an “emotional” animal. We don't want to be wrong, at all.
Taking a loss is like getting slapped in the face by the market, which we have egos to fight against.
What ends up after taking losses or consecutive losses, it puts traders at a disadvantage where their emotion is high, and likely to “revenage” trade to chase back losses, which end up in a deeper hole.
To deal with such psychological phenomena, take a step back and observe your situation:
First, did you follow your trading plan/strategy on how to enter, set SL/TP, and management ?
Second, did you take an emotional trade due to greed or fear of missing out ?
Third, have you journal down your losses and review them to make sure they are trades you really want to risk your capitals on ?
By now you will see why we need to review these. Trading is a probability, not right or wrong. It's a random variable that you are putting your $ at risk.
So if you understand the rules and plans that you follow and execute a trade accordingly,
then there should NOT be any negative emotions towards the outcome of the trades, whether they are winners or losers.
When I discuss the trades I entered every week in my trade recaps videos, I am always happy to enter a position, even if it goes to a loss.
This is because I have done enough backtesting, chart work, and plan to enter a position.
I understand strictly from a probability point of view, I could have a higher strike rate, and more often the trades will end up as a winner rather than a loser.
However, I also understand and acknowledge that some trades will end up in a loss, disregard mine technical analysis or other’s fundamental analysis. It is what trading is all about.
When I have consecutive losses, I will always review the 3 points I mentioned above and make sure they are all valid for me.
Then I simply will take 1 day off from the market, chart, phone, and just get your mind clear. Come back strong after 1-2 days of rest, and have a positive mindset.
What traders often do when they have consecutive losses is to right away re-enter back into the market and try to chase back their losses.
This has always been the downfall of losing and it creates anxiety in traders’ minds.
Such a negative experience is going to stay in the traders’ mind longer and deeper, compared to consecutive winners.
So wise we understand that is the case how our brain is "programmed” into thinking, then it's up to us to do the opposite, and fight the urge to “revenge” our losses.
At the end of the day, no one is trading your trading account, except yourself.
Taking ownership of your account, learning to control our emotions, understanding the probability side of trading, and learning to let go, drop our ego will help us in the long run in this industry.
I hope these pointers can help some traders who are still struggling with this concept.
It's impossible not to take losses, but professional traders deal with it on a regular basis and still remain consistent in the long run.
Thank you
I will forward some Trading Psychology educational videos below on some of the topics explained today.
Trading Psychology: Revenge Trading
Trading Psychology: Fear Of Missing Out
Trading Psychology: Over Leveraged Trading
Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ?
Bitcoin (BTC) • Return of the Bulls? lets take a look...Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range.
However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we didn't see significant volume capitulations at lows. The only thing that was super bullish during past weeks was the consistent negative funding rates but they were not super negative either and we are now observing a quick slight flip in those rates.
Higher timeframes are still in flat waters with no clear direction since we are trading inside the price established weekly ranges
Be aware that most price action since the drop has characteristics of a trading range and it's likely we see some shakeouts so that alts get pushed down vs bitcoin dominance even further. I cover some of that in the video.
As usual the video went long because I also cover futures data points, some new and some old, but on balance all useful information to learn from and keen an eye on.
LET ME KNOW if I should do smaller videos but more often and different points (not cover all) here and there instead of one massive weekly video.
My regards to all Moon Kings out there 👑🌖
Stocks To WatchThe Market may have some more room to the downside with the longer term uptrend still intact,The Mega Cap stocks have earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Indicators For A Volume Profile Based Trading StrategyVolume Profile has been popular among futures traders since the beginning of electronic trading and the introduction of TPO charts. I use several scripts from the TradingView Volume Profile Suite for a trading strategy I'll teach in a upcoming video. For now, here are the scripts and indicators applied to the charts I show in this, and past, recordings.
Indicators on the 30m Chart:
Volume Profile > Session Volume HD
PriorDayOHLC (Available in the Public Library)
233 EMA (Built-ins)
Indicators on the 5m Chart
Volume Profile > Visible Range
VWAP Stdev Bands v@ Mod (Available in the Public Library)
TradingView: Look first / Then leap.Every once in a while you have to commit to something that pushes the boundaries of your comfort zone — that gets your heart beating, the breath shaky and palms sweaty. For us, that’s this moment right now, where we share with you the efforts of a project that’s been a long time in the making. It’s with great pleasure that we present to you the new look and feel for TradingView!
Our mission has forever been: Always an informed decision. That it doesn’t matter who you are, where you’re from or what your risk appetite is, everyone is entitled to the right tools and the right information to make the best trading and investment decisions possible.
Now, to articulate that ambition more evocatively, you’ll see us using the concept Look first / Then leap . We think this sums up what TradingView is all about — there’s no point jumping blindly into trades (that’s why you use charts) but at the same time you don’t just do 100% of your analysis just for fun — there’s got to be some commitment required.
First you prepare, then you go for it: Look first / Then leap.
We will be sharing updates all week about our new look and feel. You'll also have a chance to meet our sponsored sports stars including the legendary free soloist featured in this video Alex Honnold , renowned free-skier Caite Zeliff and adventurer Leo Houlding .
Thank you for being a member, sharing feedback, and working your hardest to become the best trader or investor. This is a monumental day in our history together.
AUD/USD, USD/SGD, EUR/CAD and USD/CAD on watch for me today.AUD/USD:
• If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If price simply impulses back up above our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/SGD:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
EUR/CAD:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price simply impulses back down, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/CAD:
• If price impulses down below our rayline and it does so in a convincing manner, then I'll be looking to get short with a reduced risk entry on the break of a subsequent tight flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
Current State of the Stock Market | Market Breadth & EarningsIn this quick state of the market video for 7/13/2021 we discuss the structural uptrends that have been in place for the past few months.
We then talk about the dangers of weakening market breadth and why we're watching for more sectors to stabilize and resume uptrends through earnings to remain bullish on this market.
Please enjoy!
Bitcoin VLOG #42 - BTC squeezing + tightening!BTC is going full contortionist on us right now.
These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC.
The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower.
This range and general chop is just bad place to be trading, at least for myself and many others. Hard to see any trades that are better than 50/50. I still believe we are approaching volatility, its clear price is squeezing, but its taking its time.
MY PREDICTION = I'm leaning probably too enthusiastically to the downside here, 32.5k next 24 hours.
Shoutout to todays trading view ideas = @MarcPMarkets, @Rastinmmm, @dRends35, @ShawnMCR
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = Descending wedges
3:40 = Lower highs
7:35 = MY PREDICTION!
9:05 = BTC 1 week
10:00 = Bearish hammer revision
11:55 = BTC 1 month
12:35 = FIBS
14:50 = @MarcPMarkets - watch 30k and 40k
17:00 = @Rastinmmm
18:15 = @dRends35 - regression
18:30 = @ShawnMCR
19:30 = Closing words
Tutorial | How To Create An Order Panel Trading TemplateThe TradingView Order Panel doesn't currently have a template setting to save the order parameters. Here's a work around thanks to a comment from @thatjeph Appreciate it!
Instructions:
1) Using the Long/Short Drawing Function and drop it on a chart.
2) Adjust the levels to reflect the trade entry, take profit, and stop level. (Note: The default quantity is a bit weird)
3) Save the object as a Template named to reflect the settings.
4) Right click on the trade object and Select > Create Limit Order.
5) Boom - you Order Panel is opened with the trade setting from the order object.
Bitcoin (BTC) • It's all about volumesIn this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts.
More reasons to be bullish than to be bearish at the moment but at the end of the day... the trend is you friend.
Now is time to pay attention to what is going on in the lower timeframes as it will affect the Daily and push the weekly/bi-weekly out of bearish waters. Breaking the 36-37k is particularly important.
WTICO/USD, USD/JPY and AUD/USD on watch for me today.WTICO/USD:
• If price pushes up to and ideally just above our outer structure upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll once again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/JPY:
• If price impulses back down below the upper trend line of our most recent piece of structure, it does so in a convincing manor and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
AUD/USD:
• If price impulses back up, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.