Community ideas
Introducing our new Chart Preview featureOur new Chart Preview feature simplifies the way you follow your favorite symbols from iPhones or iPads. Please note: we have exciting updates coming to our Android app, so please stay patient. We won't let you down! 😎
Chart Preview is intuitive for all investors and traders. Beginners and pros can use it seamlessly to study their watchlist and then dive into the advanced chart when it's time.
We created Chart Preview to let traders quickly scan and study symbols from a viewpoint that is simple and beautiful. With a second tap, traders can dive into the advanced chart and begin their research process using technical and fundamental analysis. Start simple and get more advanced depending on your skill level.
On iPhone, users can toggle our new Chart Preview feature on or off depending on their preference. You decide whether you want to see a quick preview or jump straight to the advanced chart. We know many of you would rather be analyzing charts with all the power of our advanced tools, so you can decide what you would rather see first.
Make sure your app is updated and using the latest version. Remember: our mobile apps are free for iOS and Android devices.
Thanks for being a TradingView member and we look forward to reading your feedback and comments below.
Bitcoin VLOG #36 - BTC back down to 30k again I guess!BTC continues to trade in this descending triangle pattern, currently I see a rejection of the 35k to 35.5k upper trend line, indicates it could possibly range back downwards to 30k to 31k.
We could test this 35k mark for a bit longer, we are approaching the end of this pattern which could bring volatility as we saw at the end of the recent symmetrical triangle.
Its quickly approaching truth time for BTC, I'm trying to implement slight bearish bias here due to recent few months of price action, but I also don't want to overdo it, important to take what the market gives.
Its a descending triangle with recent significant bearish price action, so I'm leaning towards significant break below 30k.
BUT, as I just said, lets see what the market thinks. I will be scalping but wont be taking on any big positions.
MY PREDICTION = Rejects 35k area, range back down to middle of range over next 24 hours.
Shoutout to todays trading view ideas = @MarcPMarkets, @MMBTtrader, @dRends35
=== TimeStamps ===
0:00 = Welcome
0:00 = BTC 1 day
2:20 = Chart differences
2:50 = BTC 4 hour
6:00 = Death crosses update
10:00 = FIBS
11:00 = BTC 1 minute
12:45 = MY PREDICTION
13:10 = @MarcPMarkets
17:15 = @MMBTtrader
19:10 = @dRends35
19:30 = Closing words
Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
Power of compounding interest, but why do traders still fail ?
Hello everyone:
Welcome to this quick educational video on Compounding interest in trading.
Today I want to break down the benefits of compounding a trading account while keeping good risk management at bay.
The reason why compounding interest is so lucrative is due to investing interest on top of interest, and your trading account can grow much faster than traditional investment returns.
The important note is that, by having strict risk management rules, proper trading plan, the account can grow over time. But why do many traders fail to do so ?
Let's take a deeper look into this:
Many new/beginner traders often get involved in trading due to its profitable potential.
However, most of them do not learn about risk management, trading psychology on mindset and emotions.
They tend to over trade, over leverage their accounts in hope to double it in a short period of time.
This almost always leads to traders to blow their accounts, and re-deposit more money to “chase/revenge” their losses, and the cycle continues.
The truth is, growing the account by compounding can eventually double a trading account, but only in time and with strict risk management rules.
However, the greed, emotion and mindset often become the tread stone for the traders’ success.
It's important to understand that having a consistent, sustainable approach in trading can lead to profits and growth over time, but it's not something that is instantaneous, which is what most new/beginner traders often misunderstood.
This can be due to social media, and lots of typical trading “guru” out there promising guaranteed results and easy money.
Take a step back and think about compounding interest in time and scale. 5-7.5% return per month may not seem much for a small trading account, but it is sustainable and consistent by not over-risking and over-trading.
In time when the account is at a larger scale, a few % return with compound effect in a year can generate very sizable return and growth.
In today’s trading industry, there are many prop firms out there that allow you to trade their funds, if you can be consistent and sustainable.
Understand these firms are not looking for traders to double their larger capital, rather, to have consistent return and proper risk management.
When you can prove you can be consistent to compound a small account, then when you actually do trade a larger account, the % return would be the same.
Last Note:
Build up the right habits from the start. Your job in the beginning of trading is not to make massive returns, rather to focus on risk management, control emotion, and understand trading psychology.
Once all these are checked, then you will be miles ahead of other traders who are still struggling to understand the concept.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
The bread and butter of global macroBefore you trade stocks, bitcoin, FX, bonds or anything you have to try and understand how our monetary system works not to miss the big picture.
This video helps you by providing a 10.000 foot view of the global macro landscape. Don't miss the forest for the trees.
Tune in and enjoy!
Stocks To Watch (Relative Strength Edition)The Market may have some more room to the downside with the longer term uptrend still intact, software names are leading. 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 23 total stocks on this list. 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!
A "Welcome to" Pinescript codingThis simple idea is an intro to @TradingView & @PineCoders
Nothing fancy or complex, if you are already coding - you can skip this.
simple MA build walk through & adding a second MA.
If you want to get into coding, then here's the basic introduction.
FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual coding, especially in Pine.
Hope it helps someone!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Deleting All Drawings Past a Certain DateIf you ever receive the error, "You should delete drawings to improve performance" , how can you bulk delete old drawings, say "All drawings older than 60 days" without manually going back into all your charts and deleting them one-by-one?
This video will show you how to quickly delete all drawings in a layout older than a certain date. Hope you enjoy it!
Trade well...
---
Here's a quick checklist on running through your watchlist to delete all drawings older than "X" days:
Pull up your Layout that's giving you the performance warning
Click on the first symbol in your watchlist
Press Alt-G to bring up the GoToDate dialog
Select a date "x" days in the past you want to delete older items from and press Go to
Right-click the nearest object to that date
Select Object Tree from the menu
Scroll all the way to the bottom of the Object Tree pane
Hold Shift and click the last drawing in the list
Right-click the highlighted section and choose Remove
How to detect the active cycle length?This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe.
It automatically labels the length of current market high-high and low-low pivots which helps to see cycle harmonics and relations. The output should be used as input setting for almost all technical indicators which require and "length" settings for the calculation. Using this length setting based on the dominant market rhythm will help to ensure better accuracy to your indicators at turning points. The indicators get synced to the beat of the market.
The indicator is available as Public Open Source Script for your own usage:
El Salvador Adopts Bitcoin - Proof-of-Work vs Proof-of-StakeI've run both mining rigs and am currently running a ETH2 validation node, just because I was curious as to how it was going to work. Here's a side by side comparison between Proof-of-Work and Proof-of-Stake based on my experience.
Also El Salvador adopts Bitcoin as its reserve currency. A big day for BTC!
HOW TO: Trading the WallStreetBets Stonks with Cascading StopsHadn't seen any videos of anyone doing something as silly as this (which of course fits into the WSB philosophy) so thought I'd make a video of it and share it in case it amused or inspired anyone else.
Just something I have been having a bit of fun with over the last couple of weeks.
You could do this with any broker, but I REALLY like the simplicity of doing this all within TradingView and using TradeStation as the integrated brokerage free broker.
Note: You would not do this if you were paying brokerage.
What I do is:
1. Create a list of WSB type stocks.
2. Watch in the pre-market to see which ones are getting the attention.
3. Try and buy as early in the move as your broker allows.
4. Add a stop loss a bit below your buy price - eg 5% or so. Nice and tight.
5. As the stock price moves up, start to break down your stop loss into lots of mini stops.
Idea is that as the stock moves up, you are moving your stops up, BUT rather than one big stop that gets your whole holding exited, you can place lots of smaller stops (even place some ahead of the price) so that as volatility happens you auto exit some of your position hopefully taking profit along the way.
Rinse and repeat.
Definitely NOT trading advice. As before, it really is a silly idea, but hey its also a bit of fun for now and seems to work reasonably well for these kinds of stocks that spike big in one day and then start to equally quickly pull back.
Might be better to simply buy and hold them, but you never know when they will inevitably come crashing down, and more so which one is going to be the focus of the day.
Like and subscribe if you like it.
One of those videos you can skip through once you see the initial concept...
Bitcoin (BTC) • Consolidation while Alts have their momentBitcoin is in a very difficult position at the moment.
Low volumes, low volatility, books look like accumulation but keep flipping liquidity pressure up and down every 4-8h or so.
In this video we also take a look into Funding Rates, Swaps/Spot Basis, Futures Premiums and Bitcoin<->Altcoin Rotation charts.
Make sure to check my latest article in the links bellow.👇
Tutorial | How To Get Real-time Futures Data Into TradingViewWhen you create an account on TradingView, you're pretty much set for realtime stock, forex, and crypto data. Want to know the price of Bitcoin or Apple? No problem. But futures data is a different animal. In this tutorial I demonstrate how to use a demo account from one of the integrated futures brokers to get futures quotes so that you can practice trading the futures markets using the trading features on TradingView.
Is that Dollar surprise still coming?A dollar surprise can still hit. There is a last line of defence for the Dollar.
Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price.
Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Stock To WatchThe Market longer term uptrend still intact, many growth names remain choppy. I try to pick the best of the best. 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 21 total stocks on this list. I add an additional 4 stocks that are on my potential short squeeze watch list. I also add 5 names that should be on everyone's longer term watchlist. 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!
Stocks To Watch This WeekThe Market may have some more room to the downside with the longer term uptrend still intact, many growth names remain choppy at best. 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 24 total stocks on this list. I add an additional 5 stocks that are on my potential short squeeze watch list. 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!
HOW TO: Find Sectors and Industries Breaking OutUsing the TradingView screener is a great way to find individual stocks that are breaking out, but how about looking for Sectors and Industries that are doing the same - breaking out - or even in a bubble.
TradingView allows us to do this very simply by BROWSING through Sectors and Industries and sorting them by performance. Super simple, super intuitive.
You can then sort stocks in the Industries you are interested in by their performance to see which ones are the market leaders in their particular industry and open and bookmark them for further analysis.
It's just a nice simple way to get a different view of what is happening in the market.
EDUCATION - SUPPORT & RESISTANCE Hello Traders,
Here i am highlighting what support and resistance is, also i go on to show you how i look at support & resistance and how it fits into my trade plan as a pattern trader.
I aim to simplify how a beginner looks at the market, and show them how to identify important areas within the market.
I hope you enjoy my content, if so please like and follow my channel.
Safe Trading.
How To Trail Stop Loss Effectively | Capture All day's ActionMaximise your Day Trading Profits 5X | Apply this trade management system to hold trades all day without much effort
In this video I'm going to share with you a trade management idea which would allow you to trade and hold the trade from the start to the end of the day trading session.
The Chart I'm using is US30 / DOW30. The Time frame for day trading would be the five minute chart.
The idea is to make entries on the 5 minute chart and then use a few swings to add on.
This can become part of your Trade Plan and you can apply to any time frame or symbol of your choice. It's a great way to maximise your profits using nothing but the data provided by the market itself.
Price Action is surely The King!!! I bow....
Dogecoin (DOGE) • Possible correction levels before 1$ Doge saw significant rise in derivatives toward the 1.3B open interest. We now seeing the necessary reset on funding rates which are currently normalised towards the baseline but surprisingly not bearish. That lack of bearishness is exactly what makes it look bearish. There isn't enough fear.
We take a look through what i think to be decent support ranges and mention some significant gaps in the doge marktcap chart.