How To: Screen for Stocks Making a Bullish MACD CrossoverThe MACD is one of the most commonly used indicators as it can help traders identify the strength of a movement, as well as direction, momentum and likely duration of a trend.
In this video we use the TradingView Screener to filter all 10,000+ US stocks and ETFs down to a small handful of shares that we can then go through and review.
The filter was set to look for stocks where the MACD was crossing up through its SIGNAL line on the previous days trade - often seen as a bullish signal and sometimes the start of a longer term move.
To reduce the number of results even further, we used other filters that allowed us to search for stocks over a certain price, where their performance over the last 3 and 12 months was in an upward direction, and where there were signs of unusual volume coming through.
The screener is the ULTIMATE way to get your own free signals every day.
Hope you like and find the video useful. Give it a thumbs up please if you do :)
Community ideas
GBP/USD, AUD/JPY, NZD/JPY and USD/JPY on watch for me today.GBP/USD:
• If price pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse 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 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.
AUD/JPY:
• If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse 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 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.
NZD/JPY:
• If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline, then so long as the last part of this move up is corrective I'll be looking to get short with a risk entry after a phase line break on the one hour or the fifteen minute chart.
• If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline then so long as this move up is impulsive I'll be awaiting an impulse back down below it 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 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 pushes up to and ideally just above our higher time frame rayline, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of the corrective channel to the left 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.
How to import Quandl data into TradingViewQuandl is a data library with all sorts of useful macroeconomic data. Unfortunately a lot of it you have to pay for, but there are also many data series you can access for free, including the "Blockchain" library with lots of useful data such as Bitcoin transaction fees.
To access Quandl data, go to quandl.com. In the left-hand column, check the "Free" box to ensure your search results include only free data sets. Then type what you're looking for in the text box (e.g. "US wages" or "Bitcoin transaction cost"). Click the name of a data set in the search results. You should now see a chart. On the right hand side of the chart, click the "TradingView" button to import to TradingView.
For an example of how to use this data, watch the video or check out my previous idea on Bitcoin transaction fees as a predictor of Bitcoin's price:
Is there stop loss hunting in trading ? How to deal with it ?Hello everyone:
Today I want to discuss a common discussion about new and experienced traders.
“Is there stop loss hunting in trading?”
Many wonder, since they can all recall the moment where price just hits their SL on a trade, and then the market quickly turns around towards their desired profit direction.
I want to dig deeper into this and explain it with different viewpoints, from a technical and psychological view.
The vision I am trying to provide is that, thinking about is there stop loss from the brokers won't help you to get better in trading.
It's a mindset thing we need to understand. For example, whether there is or isn't a stop loss hunting, it's nothing you or I can change or control. It is what it is.
However, if you understand this, then it's about adjusting your plan, strategies and trading style to these types of volatility moves and come up with the correct mindset to work around it.
Technical part:
More often, people set their SL and see their trades get taken out just a few pips above before reversing the opposite way.
Dig deeper into this. Is it a fake breakout, is it just being impatient and jumping the gun?
Is there LTF continuation/reversal correction that gives you bias to enter a long/short ?
Is your analysis aligned with the higher time frames ?
Many factors on why a trade is at a loss, no need to jump right into a conclusion that it's the broker who is stop hunting you.
This is why we always look for confirmation and confluence when we enter trades.
Just because the price breaks the support and resistance line people often use, it's not an automatic buy or sell.
Same goes with trend lines and other indicators people use.
We need to confirm it with price action. After an impulse phrase, was there a continuation correction phrase? If not, then it doesn't justify a buy entry.
This is also why we backtest so we see these types of price action often, and acknowledge what we need to do in order to work our ways around it.
Psychological part:
When traders take a loss in this way, hitting the SL and reverse, this creates a negative emotion in them.
They often get frustrated and upset, hence in human nature, we tend to blame others.
But take a step back and understand this:
The market can do whatever it wants to do.
Most beginner and newcomer traders think the market MUST follow their strategies and style. If it doesn't, then something is wrong with the market, the brokers, their mentor/coach, their strategies...etc.
This negative mindset needs to change.
First of all no strategies and style will promise you 100% strike rate and profit.
Any strategies you take will incur a loss, it's how you deal and manage it that will show you as a consistent or inconsistent trader.
Second, if you have experienced several losses due to the “Stop hunt” in your own mind, then instead of blaming the brokers or the markets, start looking into your trading plan and management.
Are you experiencing FOMO ? Are you over leverage trading, and revenge trading ? Are you taking into consideration your risk management ? Entry, SL/TP, how much to risk ? Is it consistent with your plan ?
These are the things you can control, rather than external factors which you can not. Adjust yourself.
Third, remove your negative emotion from your losses. Take it as a learning curve and experiences earned.
Then the next time you enter a trade, you will remember the lessons that were taught to you by the market.
This is why we journal our trades so we can look back at them and understand what we did.
I hope these few pointers will help some of you to get back on the positive direction of trading.
No need to think and get upset if there is a stop hunting of your trades. Instead, use that towards your advantages.
If you consistently see a false breakout and reverse, then come up with a strategy and plan to capture that reversal move.
No need to blame the market or the broker, that is something you can not control. Jumping brokers to brothers simply won't help you to eliminate that psychological mindset of a stop hunting.
I will put below several other educational videos on the topic we discussed today.
As always, any questions, comments or feedback welcome to let me know :)
Trading Plan:
Risk Management:
Trading Psychology:
FOMO:
Revenge Trading:
Over Leverage:
How To: Super simple placing Stock orders all inside TradingViewHi all, just for fun here is how you can place orders within TradingView for stocks.
Video covers the different order types:
Market Orders
Limit Orders
Stop Orders
Stop Limit Orders
As well as how to set Stop Losses and Take Profits as part of your order.
The system is super simple to use and highly visual.
If you like the video, feel free to give it a like. No charge :)
An insight into becoming a better trader!Hey all!
Happy weekend and I hope this week has been good for you, in profits or lessons!
In this video we go over 4 insights that if followed can and will make you a better forex trader!
We hope the video helps you in one way or another, and if it does our job will be counted as a success!
Have a great weekend!
PS: We go over our BTCUSD long trade too!
How I Create Chart Art for my TradingView IdeasI've gotten a lot of questions on some of my trading view ideas on how do I paste images on the chart. And others compliment me on my artistic skill. The secret is that I don't paste images on the chart, but I'm also hardly an artist. I do like to take some time to create the art because it helps me tell the story of the company that I'm presenting in the idea.
Here's a video that shows how I create chart art. Happy to share my secrets with the TradingView community.
New Swing Short In S&P 500 FuturesIn this morning's video, I talked about the risk shifting to the downside in the short/intermediate-term for equities and other risk assets. Using this test of resistance in many of the major indices to get short and look for a move back towards the low of the day. Reward/risk is about 4:1, and the risk is well-defined against the highs of the last hourly candle. Risking about $65 to make ~$300. Stop and target order in...letting it play out from here.
How To Follow Earnings and News From Your ChartIn this video we show you the basics of following earnings and news from your chart. This is especially helpful for equity investors and traders, but it also applies to those interested in crypto, forex, and futures because you will learn how to follow breaking news directly from your chart. All TradingView members have access to high quality news by clicking the News icon 📰 on the right-side toolbar.
Here are the three key features we cover in this video:
1. Read breaking news about any ticker symbol by clicking the News icon 📰 on the right-side toolbar. This news is real-time and will update instantly when big events happen. Additionally, the news will automatically update and reflect the ticker on your chart. When big price movements happen, open your newsfeed to see what's happening.
2. You can chose to show the Earnings icon on your chart. This Earnings icon will reveal when a company reports earnings and some basic facts about that earnings report including date and EPS estimates. To show or hide your Earnings icon right-click on the chart, click Events, and then select "Show Earnings on Chart."
3. The Earnings Calendar 📆 is a way for you to see who is report earnings, when, and what their EPS Estimates are. Never miss another earnings report. Open your Earnings Calendar daily and quickly scan for upcoming reports so you don't get caught off guard. In the Calendar you can also see upcoming Economic Events. Pro tip: we also have a dedicated Earnings Page that gives you even more details into upcoming earnings.
We hope this video helps you get started with earnings, news, and other events! Please leave any questions or comments below. Our team appreciates your feedback, support, and questions.
DJI: Heaven or Hell? The choice is yours. I'm looking at some price action based on the 4H ATR line going back to Feb 2020. There is a repetition of a certain pattern, which may mean something or nothing.
Have a look.
On 30 min timeframe see below (no promises of anything).
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. 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.
What does the Fed have to do with Bitcoin?I wanted to share my fundamental take on a consequence of "mass adoption" among institutions. Bitcoin is being bought on debt financed by a low interest rate world. Trading cryptocurrency no longer means that traders and investors are immune from the wider economy. Unfortunately I think that cryptocurrencies may become influenced by interest rates...
GBPUSD - UPDATE & TRADE FORECAST Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
EUR/USD Complete Elliott Wave Analysis In this short video I'd like to share with you take on the EUR/USD Elliott Wave count.
I am not an Elliott Wave expert but I use what I call the 10 Seconds Elliott Wave Method popularised by Bill Williams (rip) in his book Trading Chaos.
Here we go...
If you like the idea please leave a comment below and hit LIKE...
How I trade Head and Shoulder Price Action Pattern/StructureHello everyone:
In this quick educational video, I will go over how I utilize Head and Shoulder Pattern/structure in the market.
Specifically, how I identify reversal price action from a Head and Shoulder Pattern.
It's important to understand that Head and Shoulder Is a reversal structure in the market.
When we identify these patterns, they are usually at the top or the bottom of the over price action,
and its signaling a bullish or a bearish trend may be exhausted, and a reversal trend may begin.
Typical H and S will have a bullish move up, followed by a continuation correction (Left Shoulder), and move up again.
At the peak (Head) , instead of a continuation to push up further, we then see a reversal bearish push down.
Then, we see price form that bearish continuation correction (Right Shoulder) now, looking to push the price back lower.
Just like any other price action structures/patterns that I have been talking about, these structures/patterns will appear in any time frames, any market.
So it's important to understand multi-time frame analysis and top down approach.
A 5 min H and S pattern may not be that strong reversal to give you 100 plus pips because the HTF is showing us different bias.
From my experiences, a H and S pattern works best when we spot on the LTF price action. When we have a clear bias on the HTF for a potential bearish reversal, we go down to the LTF to look for confirmation and entry.
Remember a H and S pattern will not always be “textbook” perfect like you will learn from various courses/lessons. The market itself is not perfect, so remember that when you analyze the market.
Last but not least, and inverse H and S is just a mirror of a typical H and S. It's just now you are spotting them at the bottom of the overall price action, and rather to reverse into a bullish trend.
As always, any questions, comments or feedback please let me know.
Thank you
Jojo
Stocks To WatchThe Bull Market is strong, this week I expect the market to by choppy. 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 36 total stocks on this list. I add an additional 7 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. 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!
Ichimoku Fundamentals: The Cloud and the DollarInspired by serendipitous events today I wanted to make this video about Ichimoku and how it can be used to analyze and confirm price trends. I use the TVC:DXY as an example because it is of topical discussion by everyone.
In this video I show how to use the most prominent feature of Ichimoku, the Ichimoku Cloud, in tandem with the Chikou as momentum to confirm price trends as they are about to change.
How to connect a brokerage and join the Broker AwardsIn this video we show you how to connect a brokerage to your account. We also talk about rating your favorite brokerage and participating in our upcoming Broker Awards. 🏆
When you connect a brokerage you can trade, invest, and follow markets with advanced tools built directly into our platform. To get started, find and click the Trading Panel button at the bottom of your chart. Once your brokerage is connected, you can use the Order Panel to create orders and manage risk including take profit targets and stop losses. When you place an order, it will appear on your chart. This is one of the biggest advantages of trading with a connected brokerage - see your trades directly on the chart. Make a plan and then visualize the risk and reward.
As a TradingView member with a connected brokerage you are allowed to rate and review your favorite brokerage. Your reviews will help others find the perfect brokerage for their needs. Together, we can build a transparent marketplace with real reviews by real traders. Get started by visiting our Top Brokers page.
Remember, your reviews are important because they will determine our first-ever Broker Awards. Here are the awards we will be giving out based on what you say:
• Broker of the year
• Most popular broker
• Social champion
• Most innovative tech
• Best multi-asset broker
• Best futures broker
• Best forex broker
• Best crypto broker
If you have any questions or comments, please leave them below. We look forward to seeing your reviews and announcing the awards on Jan 20, 2021.
Chasing Intraday = LossesLooked for a bounce intraday as the Dow, Russell 2000, Nasdaq 100, and S&P 500 came into their respective support levels. Got a good entry on 4 contracts and ended up stopping myself out basically flat. The market then started moving without me --- I "revenge traded", chased it, and immediately stopped myself out for a $25 loss after realizing I had no plan for the position and should have never been in it in the first place.
Learned that one minute charts should only be used to help in execution and not for idea generation. When I get too granular that's where I get myself into trouble. Need to remember the bigger picture and not allow myself to be swayed by every tick.
Down ~$200 (~1.33%) for the day after four trades. Taking the rest of the session off and back at globex open to see if any opportunities develop in the overnight session.
Framing Your Charts with Sensible Support & Resistance ZonesIn this quick Video Tutorial I discuss a simple and repeatable method to frame your charts with Support & Resistance Zones. This particular method holds for Futures and Forex Day Traders.
This is an easy but critical skill for all traders to stop you from selling into support and buying into resistance. Later in the video I use an example of a trade setup between these zones and discuss Risk to Reward or as I like to call it "Fresh Air"
Stocks To Watch This WeekThe Bull Market is strong, the end of 2020 saw many growth names pull in or consolidate which gives a better reward to risk entry. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 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, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Using the new SignPost ToolI love the new Signpost tool that was released this week... i was all set to put in a feature suggestion when I realized I could already do it: make the signpost go DOWN as well as up!
I am a stickler for documenting your trades - EVERY single trade: the winners but ESPECIALLY the losers - so you can learn, reinforce, and EMBED your trading system into your subconscious. (See link to a previous article on that very subject below!)
Hope you enjoy this video... let me know what you think!
Trade well...
-Anthony