Gold analysis and trade idea 16 JulyConsolidation zone forming a bull flag pattern
Resistance area at 2449
Potential double top formation at 2445-50 level
Possibility of consolidation before breakout, with multiple attempts needed for a successful breakout
Buying opportunities seen for every dip within the channel
Resistance levels at 2434 and 2447 highlighted for potential selling opportunities.
Community ideas
Taking On Discipline In StagesOnce you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it's easy to feel overwhelmed.
You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more manageable and ensures that each aspect of your trading strategy is given the attention it deserves.
Trading Plan Components: Each of these sections should have objective rules so there isn't any escape room.
Method Rules
Entry Rules
Stop Rules
trailing Stop Rules
Exit Rules
Journaling
Trade Plan for TME, COIN
Shane
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Why Are Bonds Still Crashing?Why are US, UK, and EU bonds still crashing since March 2020?
In this video, we are going to study the relationship between bonds, yields, and interest rates, which many of us find confusing. How can we understand them, and why are bond prices leading the yield, followed by interest rates this season?
10 Year Yield Futures
Ticker: 10Y
Minimum fluctuation:
0.001 Index points (1/10th basis point per annum) = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Silver: Thoughts and Analysis Today's focus: Silver
Pattern – resistance stall, continuation
Support – $28.70
Resistance – $31.30
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue?
We have run over what we are looking for to confirm this and some warning signs to watch out for as well.
Good trading.
How to Plot Head & Shoulders Pattern on TradingViewWelcome back, Traders!
We’re excited to have you here on TradingView where we share valuable trading insights and educational posts to help you succeed in the markets. Today, we’re diving into one of the most reliable chart patterns in technical analysis: the Head and Shoulders pattern. Understanding and identifying this pattern can significantly improve your trading strategy, whether you’re dealing with forex, stocks, or commodities.
What is the Head and Shoulders Pattern?
The Head and Shoulders pattern is a bearish reversal pattern that indicates a potential end to an uptrend and the beginning of a downtrend. It consists of three peaks:
Left Shoulder: The first peak followed by a decline.
Head: The highest peak followed by a decline.
Right Shoulder: A peak similar in height to the left shoulder, followed by a decline.
The neckline is the support line that connects the lows after the left shoulder and the head.
How to Trade the Head and Shoulders Pattern:
Identify the Pattern: Look for the three distinct peaks with the head being the highest.
Draw the Neckline: Connect the lows after the left shoulder and the head to form the neckline.
Entry Point: Enter a short position when the price breaks below the neckline.
Target: Measure the distance from the head to the neckline and subtract this distance from the breakout point to set your target.
Stop Loss: Place a stop loss above the right shoulder to manage your risk.
Inverse Head and Shoulders Pattern
Conversely, the Inverse Head and Shoulders is a bullish reversal pattern signaling the end of a downtrend and the start of an uptrend. It consists of three troughs:
Left Shoulder: The first trough followed by a rise.
Head: The lowest trough followed by a rise.
Right Shoulder: A trough similar in depth to the left shoulder, followed by a rise.
The neckline is the resistance line connecting the highs after the left shoulder and the head.
How to Trade the Inverse Head and Shoulders Pattern:
Identify the Pattern: Look for the three distinct troughs with the head being the lowest.
Draw the Neckline: Connect the highs after the left shoulder and the head to form the neckline.
Entry Point: Enter a long position when the price breaks above the neckline.
Target: Measure the distance from the head to the neckline and add this distance to the breakout point to set your target.
Stop Loss: Place a stop loss below the right shoulder to manage your risk.
Follow us on TradingView for more helpful ideas and educational posts!
Stay tuned as we continue to share insights that will help you on your trading journey. Happy trading! - BK Trading Academy
Setup SundayHello traders!
Here we are again with another Setup Sunday!
We had some amazing last 3 weeks, only profits!
For the next week there are a lot of great potentials again and yet again a nice profit on gold with my strategy :)
Check out the video and let me know what you think!
Good luck everybody!
Happy trading :D
TURN BY TURN: IS XRP A BITCOIN HEDGE?XRP, the digital currency created by Ripple Labs, is often discussed in the context of its potential as a hedge against Bitcoin ( BITSTAMP:BTCUSD ). Here’s a brief analysis of whether XRP can serve as an effective hedge.
What is XRP?
XRP is designed to facilitate fast, low-cost cross-border transactions. Unlike Bitcoin, which is primarily viewed as a store of value or digital gold, XRP focuses on enabling efficient payments and transfers between different currencies.
Correlation with Bitcoin
Market Trends:
Historically, XRP has shown a significant correlation with Bitcoin and other major cryptocurrencies. This means that when Bitcoin's price rises or falls, XRP often follows suit. This high correlation reduces its effectiveness as a hedge against Bitcoin price movements.
Volatility:
Both Bitcoin and XRP are subject to high volatility. For a cryptocurrency to act as a hedge, it should ideally exhibit lower volatility or inverse price movements compared to Bitcoin. XRP's volatility is often comparable to or even exceeds that of Bitcoin, which further undermines its potential as a hedge.
Use Case Differentiation
Payment Systems:
XRP’s primary use case is in the realm of cross-border payments and financial institution settlements, which differs significantly from Bitcoin's use as a store of value. This fundamental difference in use cases could, in theory, provide some level of diversification for investors.
Regulatory Factors:
XRP's price is also influenced by regulatory developments specific to Ripple Labs and its ongoing legal issues with the SEC. These factors can lead to price movements in XRP that are independent of Bitcoin’s price dynamics, offering a potential, albeit limited, hedge.
Market Sentiment
Investor Behavior:
Market sentiment plays a crucial role in the price movements of both Bitcoin and XRP. During periods of high market optimism or pessimism, both cryptocurrencies often move in tandem due to overall market sentiment affecting the crypto space.
Conclusion
While XRP and Bitcoin serve different purposes within the cryptocurrency ecosystem, the high correlation and similar volatility patterns between the two mean that XRP is not an ideal hedge against Bitcoin. However, its unique use case in cross-border payments and the influence of specific regulatory developments on its price could offer some level of diversification for investors. For those looking for a hedge against Bitcoin, other assets such as stablecoins or traditional financial instruments might be more suitable.
10-Year T-Note vs. 10-Year Yield Futures: Which One To Trade?Introduction:
The 10-Year T-Note Futures and 10-Year Yield Futures are two prominent instruments in the financial markets, offering traders unique opportunities to capitalize on interest rate movements. This video compares these two products, focusing on their key characteristics, liquidity, and the differences in point and tick values, ultimately helping you decide which one to trade.
Key Characteristics:
10-Year T-Note Futures represent a contract based on the value of U.S. Treasury notes with a 10-year maturity, while 10-Year Yield Futures are based on the yield of these notes. The T-Note Futures contract size is $100,000, while the 10-Year Yield Futures contract size is based on $1,000 per index point, reflecting a $10 DV01 (dollar value of a one basis point move).
Liquidity Comparison:
Both 10-Year T-Note Futures and 10-Year Yield Futures are highly liquid, with substantial daily trading volumes and open interest. This high liquidity ensures tight spreads and efficient trade execution, providing traders with confidence in entering and exiting positions in both markets.
Point and Tick Values:
Understanding the point and tick values is crucial for effective trading. For 10-Year T-Note Futures, each tick is 1/32nd of a point, worth $31.25 per contract. The 10-Year Yield Futures have a tick value of 0.001 percent, worth $1.00 per contract. These values influence trading costs and profit potential differently and are essential for precise strategy formulation.
Margin Information:
The initial margin requirement for 10-Year T-Note Futures typically ranges around $1,500 per contract, while the maintenance margin is slightly lower. For 10-Year Yield Futures, the initial margin is approximately $500 per contract, reflecting its lower notional value and DV01. Maintenance margins for yield futures are also marginally lower, providing traders with flexible capital management options.
Trade Execution:
We demonstrate planning and placing a bracket order for both products. Using TradingView charts, we set up entry and exit points, showcasing how the different tick values and liquidity levels impact trade execution and potential outcomes.
Risk Management:
Effective risk management is vital when trading futures. Utilizing stop-loss orders and hedging techniques can mitigate potential losses. Avoiding undefined risk exposure and ensuring precise entries and exits help maintain a balanced risk-reward ratio, which is essential for long-term trading success.
Conclusion:
Both 10-Year T-Note Futures and 10-Year Yield Futures offer unique advantages. The choice depends on your trading strategy, risk tolerance, and market outlook. Watch the full video for a detailed analysis and insights on leveraging these products in your trading endeavors.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These 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. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. 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.
FULL ANALYSIS GUIDE - (Using ICT's Concepts)Hey guys,
In this video I will show you my process for performing analysis. Yes, it takes some work, but generally once you get into the swing of it, it doesn't take long, and the higher timeframes only require analysis once in awhile. It allows me to have a higher win-rate and be more on side with how the market is predisposed to move. Whilst it is not required in order to be profitable, my personality and system requires me to make more frequent wins.
I hope you find this video insightful.
- R2F
The TradingView Show: Breakout Charts with TradeStationWatch our latest episode of The TradingView Show and dive deep into the markets with TradeStation and their Head of Strategy. We examine breakout charts, significant money movements, and invaluable educational insights for traders of all levels.
For daily charts and research, visit the TradeStation profile on TradingView, where they share scripts and engaging charts. They're also a connected broker allowing for instant connectivity between TradeStation and TradingView. See the official TradeStation broker profile here: www.tradingview.com
The TradingView Show occurs monthly, focusing exclusively on market education and welcoming traders of all backgrounds. Each episode dives into a variety of topics, including equities, AI, crypto, gold, forex, and more, offering a comprehensive roundup of market trends and developments that are capturing traders' attention.
Please note, the TradingView Show is dedicated solely to education, offering valuable insights and lessons for traders at every stage of their journey. It is important to emphasize that the show does not provide financial advice or recommendations; its primary goal is to enhance trader knowledge and understanding through educational content, including TradingView tips, scripts, charting techniques, and social networking.
For more, please check out the compliance and disclaimers links below:
1. Important information: www.tradestation.com
2. Disclosure options: www.theocc.com
3. ETF prospectus page: www.tradestation.com
Thanks for watching! We'll see you at our next show.
NIKE - Dead or a Cheap Opportunity? Nike has been on a rough patch recently & this past week didn't help as it saw it's worst day in over 20 years.
Now the question is, is Nike dead in the water or has price gotten so cheap that it makes for a good investment opportunity?
Now, I'm not here to tell you that you should or shouldn't buy Nike, rather if you were considering it, where you may want to look to do so at & what you need to be aware of if you do.
I'd love for you guys to continue the discussion by sharing your opinions below!
And as always I wish you a fantastic week of trading and investing.
Akil
Price Action Fluency As A Second LanguageThis is the most important educational video I have shared.
Reading price action is akin to acquiring a second or foreign language. Just as fluency in a new language provides fluency and articulation, mastering price action offers traders a nuanced understanding of market dynamics. One would not expect to learn a new language in a short amount of time. It often takes years while keeping up the practice for the rest of ones life. Price action is no different.
There are literally hundreds of subtleties revealing their secrets to the ones who 𓁼 . Indicators obstructing the view of plain truth is most often a useless distraction. It's not just about recognizing patterns; it's about developing a foundational understanding that allows for intuitive and informed trading decisions.
Building this skill set enables traders to interpret market 'sentiments' and react more adeptly to volatility, much like a fluent speaker picks up on subtle nuances in conversation. Thus, learning to 'speak' the language of price action is essential for anyone serious about trading, as it equips them with the tools to navigate and succeed in the complex world of financial markets.
EBS Base Breakout SetupHey everybody got my camera working for this trade idea. Here we have the ebs stock setting up for a breakout in an uptrend and we're hoping for a bullish continuation here. I describe my entry points my stop loss and my profit target one and the logic behind them and how to position your share count so you can manage your risk and prepare to lose as much or as little money that you want if the trade goes against you every decision in this trade has meaning and logic to it that pertains to the particular stock and the setup therefore you know why you are doing everything that you're doing when trading. Let me know if you have any questions or if this is new to you or if you need help setting it up or calculating how much money you should win or lose. The only issue with this stock is that it's not in the technology sector and it's not in the communication sector so it is not in the most high performing sector right now although the healthcare sector is performing pretty decently with financials as well.
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend.
It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage).
1) Bollinger Bands
2) Logarithmic View
3) Super Trend
4) Moving Averages + RSI
Let me know how YOU determine the macro trend!
_________________________
BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction.
Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
GBPJPY - BIG BULLISH CONTINUATION OPPORTUNITY Here's a big potential bullish trend continuation opportunity on the GBPJPY using structure and price action.
In this video I walk you through the 4-step I.P.D.E. process used to set up the trading idea & talk about different ways to both get in & out of the trade.
We'll probably revisit this opportunity as it develops so make sure you watch this space.
If you have any questions or comments about the setup (or anything else) please leave it in the comment section below as I do read each and every one.
I wish you a great week in the markets - Akil
TSLA : its now or never!TSLA is coiling to make a large directional move.
The Question is...up or down?
With August appraoching quickly, this could be a key pivotal shift in TSLA business model
Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock .
A ROBO - TAXI could be a mega disruption for many sectors and companies.
I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch.
Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing.
Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon.
I also think now that Elons pay package has been approved, he really is incentivized to grow this business.
Will his Optimus Robot be the new taxi, uber or Lyft drivers?
Premium & Discount Price Delivery in Institutional TradingGreetings Traders!
In today's educational video, we will delve into the concepts of premium and discount price delivery. The objective is to provide you with a comprehensive understanding of institutional-level market mechanics. Before we proceed, it is crucial to define what we mean by "institutional level" and "smart money," as these terms are often misunderstood. We will also address the common misconceptions about who the liquidity providers are in the market.
By grasping these foundational concepts, you will gain a new perspective on the market, realizing that its movements are not random but calculated and precise, orchestrated by well-informed entities often referred to as smart money.
If you have any questions, please leave them in the comment section below.
Best Regards,
The_Architect
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved.
A bullish breakout pattern is on watch.
NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce.
If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis.
S&P500 setting nee ATH.