First video on SPX, BTC, And ETHIf you guys have any questions, let me know! THis is my first video so I will polish them up over time. I am neutrqal bullish in the big picture but bearish in the short term
Community ideas
How to capture chart snapshot in tradingview-telegram alert botHello traders,
In the last video we learnt How to create simple web-hook to send alerts to telegram . In this tutorial, we will try to build a bit more on it and to also include chart snapshots along with plain alert messages.
Webhook code is updated in the replit repository here: replit.com
Once, setup, run the repl and capture base URL
⬜ Webhook API
Webhook post request URL format below:
https:///webhook?jsonRequest=&tblfmt;=&chart;=&loginRequired;=
jsonRequest - true/false. Set it to true only if you are sending alerts in the form of json. If set to true and the alert message is not in json format, it will throw error
tblfmt - Values taken from python library tabulate . Defines how to display the json message in tabular format. Applicable only if jsonRequest is true
chart - Chart URL from tradingview for which snapshot need to be captured
loginRequired - true/false. Use this only if you are using a private non shared chart for snapshot or if your chart contains invite only scripts which needs to be shown in the chart snapshot.
⬜ Capturing Chart URL
Note: Make sure you create different chart for different instruments which you are trying to get alert. Also make sure your chart is saved and all the indicators are in palce.
⬜ Testing on postman
⬜ Creating the alert
CryptoMarket Update (#47) : Supply & Demand Forces 101Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Stocks to Watch Relative Strength Edition The Market's longer term uptrend still intact but short term looks precarious. 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 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!
ES E-mini S&P Trade Plan 11/29-12/3In this video I show how I am using a previous price pattern that I have seen in ES multiple times this year alongside 10, 20 day SMA, Bollinger Bands and my indicator Beacon (which is free for everyone on TradingView) for this weeks trade plan. As of right now I am neutral because I have to see how things play out the next day or two, but by mid-week I should know if I want to be playing the long or short side. Once I see what happens based off this weeks trade plan I think this signal could set the tone for the rest of the trading year.
Complete Breakdown & Analysis in the Indices Market
Hello everyone:
Let's take a more in depth look into the major indices such as US30, US500, US100, UK100, EUR50 and a few other setups.
More bearish price action continues to develop across the market in the last few days, and we can certainly be active to look for opportunities.
In my weekly market outlook/update live streams, many of these indices have been on watch and discussed during the NY sessions.
From last week and beginning of this week, we have been looking into more on a possible bearish move in the market.
Below I will share previous setups/screenshots that I share in the live stream and other platforms.
We will go into these indices in more detail one by one, and discuss the possible opportunities on all of them.
US30 (DOW):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US500 (SPX):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US100 (NASDAQ):
Previous Setup:
Current Development:
Original Forecast/Outlook:
UK100 (FTSE):
Previous Setup:
Current Development:
Original Forecast/Outlook:
EUR50:
Previous Setup:
Current Development:
Few other indices on watch:
DE30 (DAX)
AU200 (ASX)
FR40 (CAC)
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
How to create simple web-hook to send alerts to TelegramHello Traders,
In this video, I have demonstrated how to create a simple web-hook which can send your Tradingview alerts to Telegram channel or group for zero cost.
⬜ Tools Used
▶ Telegram Messenger
▶ Replit - Cloud platform for hosting small programs
▶ Postman - To test web-hooks before going live (Optional)
▶ Cronjob - To set health-check and keep bot alive
⬜ Steps
▶ Create Telegram Bot
Find BotFather and issue command /newbot
Provide bot name
Provide bot username - which should be unique and end with _bot
Once bot is created, you will get a message with token access key in it. Store the token access key.
▶ Prepare Telegram Channel
Create new telegram channel
Add the bot @username_to_id_bot to it as admin and issue /start to find chat id
Store the chat id and dismiss @username_to_id_bot from channel
Find the bot created in previous step using bot username and add it to channel as admin
▶ Setup replit
Create a free Replit account if you do not have it already.
Fork the repl - Tradingview-Telegram-Bot to your space and give a name of your choice.
Set environment variables - TOKEN and CHANNEL which are acquired from previous steps.
Run the REPL
▶ Test with postman
Use the URL on repl and create web-hook post request URL by adding /webhook to it.
Create post request on postman and send it.
You can see that messages sent via postman appearing in your telegram channel.
append ?jsonRequest=true if you are using json output from alerts.
Json request example:
▶ Set alerts from tradingview to web-hook
Use web-hook option and enter the webhook tested from postman in the web-hook URL
And that's all, the webhook for Telegram Alerts is ready!!
Thanks for watching. Hope you enjoyed the video and learned from it :)
PS: I have made use of extracts from the open github repo: github.com
It's Here.We’re on a mission to give the world the best tools, data, and charts to make better decisions, while making it as affordable as possible for everyone - no matter where you are.
This week, we turn on the turbo boosters. Our destination: Mars.
Get ready for our epic week of Black Friday discounts.
The countdown starts now: Get your Black Friday deal
Join us for the journey.
AUDUSD - My Trading Plan in 3 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for AUDUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Stocks To Watch This WeekThe Market's longer term uptrend still intact. 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 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!
Aurora Cannabis Analysis 12.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Skill VS Luck - Becoming a Consistently Profitable TraderHi traders, here we are on another workshop. Today I'll be sharing some of the points on differentiating skill or luck trading. Majority of the traders have absolutely no clue on are they doing the right things or not? Here's a few key points:
Skill
1. Winners and Losers
- If you are a skilled trader, you're someone who understand the probable and possible in trading. There's no guarantee on any single trade whether it's a winner or loser. Remember, the short-term outcome in trading is completely random, what's more important is to come out being profitable in the long-term. Never judge your performance based on the short-term outcome, think long-term.
2. Good Risk Management
- Good traders always have effective risk management in place. Not any single trade is able cause damage on their capital, and they truly understand how to detach themselves from negative emotions.
3. Repeatable
- Good traders have a repeatable process, that allows them to tackle the market in the same way every single day.
4. Proper Planning
- Good traders rarely deviate from their initial plan, as they understand that a planned trade is a good trade regardless of the outcome. Any trade taken out of impulsive behaviour, is considered a bad trade regardless of the outcome.
5. Consistency
- Good traders have a set of routine and action plan. To achieve consistent results, you must have a consistent performance.
6. Execution
- Good traders have little to no hesitation when it comes to executing their trades. They execute their plan without second guessing or doubt.
Luck
1. No loser
- Most gurus' or lucky traders would promote themselves having 80% - 90% strike rates, which could never happen in reality. The only way you can achieve such a high win rate is to have a Profit Factor of less than 1. In fact, most of the best traders out there have a strike rate of 40-50%.
2. Excessive Risk Exposure
- Losing traders have no idea how to isolate themselves from a bad state of mind. They're constantly putting up a lot of risk on the table regardless of having no clue on what's going on in the markets. The sense of urgency is rushing them on taking unnecessary risk.
3. Unrepeatable
- Losing traders constantly take trades out of their trading plan, which is not duplicable. If you're taking trades that is unrepeatable, most likely it's a lucky trade and you shouldn't be happy about it even if it turns out to be a winning position.
4. Impulsive Behaviour
- Losing traders deviate from their initial plan due to uncontrolled emotion. They're taking trades they're not supposed to take, then regrets later on.
5. No routine
- Losing traders have no daily routine. They're always blind firing all over any 'seems' profitable position. Most of them possess of potential over-trading habits.
6. Hope & Praying
- Losing traders are constantly looking for the 'best trade' that'd give them an enormous return. Most of them have no trading plan and proper Risk Management in place, causing them to experience an emotional rollercoaster on any particular position when it gets out of hand.
"Chains of habit are too light to be felt until they are too heavy to be broken." - Warren Buffett
Let me know in the comment below what's your worst trading nightmare!
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
EOS building a nice base to start the ramp higherEOSUSD is set to play catchup with other cryptocurrency pairs such as Bitcoin, Ethereum and Litecoin as price action builds a nice base. I expect that buyers will get more active with a move up through the 5.050 zone so watching to see how sellers react up at the level. The stage is set...just watching for the action to kick off.
Tutorial | Quick Demo - Paper Trading On Mobile Trick or Trade!
Paper Trading on mobile has arrived on TradingView. So here's a quick demo tonight in lieu of a Sunday Futures Outlook, given that markets are at all-time highs, it's Halloween, and an exciting elimination game in the World Series.
JD.com Analysis 28.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Stocks To Watch This WeekThe Market's longer term uptrend still intact. 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 20 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!
Top 10 Cryptocurrencies & Their Real World UsesIn this video we explain the real world use cases of each of the top 10 cryptocurrencies. A lot of focus in crypto is focused on the price and the volatility of each coin without many people necessary understanding what their purposes are.
Bitcoin (BTC)
Digital Gold, a store of wealth and protection against inflation… this is because there’s a limited supply of BTC (21 Million) that will ever be mined. It’s supply cannot be inflated like FIAT currencies (Dollar, Pound, Euro etc) can simply be printed.
Collateral in DeFi, in many DeFi (Decentralised Finance) Bitcoin is used as collateral for you to borrow against the value of in return for a cryptocurrency loan for example. We will explain DeFi in a little more detail later.
Banking the unbanked, in many struggling economies (El Salvador for example) Bitcoin is a useful way for communities to gain access to banking facilities. While in many of those regions economies are still largely cash-driven and people cannot afford to pay for transportation to visit banks for registration, the number of those who have access to or own mobile phones is increasing. Thus, using digital wallets to transfer Bitcoin independent of traditional banks may provide a viable alternative for people without a bank account to participate in finance and to create a store of value.
Ethereum (ETH)
Smart contracts, In essence, smart contracts are created to automatically execute and complete processes, such as a payment process, in digitised form. This is the key to Ethereum’s success and its core use case. It enables developers to create complex applications powered by Ethereum’s platform.
DeFi applications, The largest category of smart contracts on Ethereum’s platform is in the form of Decentralised Finance applications.
With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), and open to all.
NFTs, an emerging use case for Ethereum is in the form of payment for NFTs… you will find that most NFT’s prices are denominated in ETH. NFTs for anyone that isn’t aware are essentially digital art that its authenticity is confirmed in blockchain data.
Think of it as a version of the Twitter blue tick for limited edition digital art.
Cardano (ADA)
Store of Value & Smart Contracts - The Cardano coin can be used as a transfer of value in a similar way that cash is currently used. This is not very different from other cryptocurrencies such as Ethereum and Bitcoin, but ADA has other uses as well.
One of the core principles of Cardano is its PoS blockchain protocol where ADA is staked to the blockchain to successfully verify transactions on the blockchain. This is where Cardano crypto comes in handy. Those who stake their ADA to the blockchain are rewarded for their efforts with more Cardano crypto in return. This staking system helps maintain security throughout the blockchain.
There is also the use of ADA in voting. In Cardano, unlike other blockchain projects, it is not miners who vote and decide on changes to the protocol, it is token holders. Therefore, when a new change or development is proposed to the Cardano blockchain, Cardano crypto holders use their ADA to vote on these proposals. This way, everyone who owns the cryptocurrency has a say in its development.
ADA also can be used to power the smart contract platform on the Cardano blockchain. Developers utilise ADA to create smart contracts and applications that run on the secure, decentralised Cardano blockchain.
In the case of running smart contracts it is cheaper in transaction fees than Ethereum.
Tether (USDT)
Stablecoin - Backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT
Transferring Crypto - Lots of people will use Tether as a middleman when transferring money from one cryptocurrency to another without paying the fees associated either between each crypto or back and forth into Fiat currencies.
Generating a Yield - Some tether users also simply hold their funds in Tether because it generates a higher yield or interest rate than their money would in a bank for example.
Binance Coin (BNB)
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.
Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
Ripple (XRP)
Very quick & cheap cross border payments
,
The primary use case for XRP is intended to be for transfer of other currencies (or indeed commodities or assets such as gold or oil) over the Ripple network. Each time a money (or asset) transferring organisation such as a bank uses the network to conduct a transfer and settlement, the cost is deducted in a small amount of XRP.
Cross-border payments between banks and organisations currently run on a system called SWIFT… a system created in 1973. This is essentially what Ripple and its coin XRP could replace with a much quicker and cheaper system.
Solana (SOL)
Smart Contracts platform.
Much in the same way that both Ethereum & Cardano is used on a day to day basis as developers who make applications on the Solana blockchain pay SOL coins for the processing / transaction fees.
Large numbers of NFTs are also available on the Solana blockchain.
Polkadot (DOT)
Interoperability - Allow different blockchains to talk to each other and share data / features between each other. This is useful for developers when making new blockchains, as they are able to use sections of features from different chains without the need to create them from scratch each time.
Unlimited Supply - Unlike most other cryptocurrencies, DOT isn’t limited in supply. This is designed to incentivise the network and dynamically adjust according to participation rates of users.
Dogecoin (DOGE)
Meme coin which was originally created as a joke or parody of the crypto world.
Now however has gained massive popularity and even is considered for payments as a real world use. This is still to be widely accepted however.
USDC (USDC)
Stablecoin, backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT. Not as popular or widely used by the market than Tether.
Apple Analysis 14.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
WTI | USOIL - Short Discussion. I have highlighted a setup looking like a correction in WTI, it's been an amazing ride indeed!
Manage risk.
1% Risk 2:1 RR
When/How to move SL to BE and to profit in a running trade ?Hello everyone:
Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position.
In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits.
In this example of EURUSD, I managed to get 2 entries in, and manage it to my best ability and secure profits
Trade close down for +7.9% profit
Original Trade Forecast and Analysis:
This is a topic that will have various answers across traders, as this is certainly up to each individual trader’s strategy, style, and management approach.
So understand there is no right or wrong, “holy grail” kind of decision.
It's up to you individually as a trader. I will share my management, and why I choose to go with these types of approaches, and you can certainly use them to your advantage to tweak/modify them to fit your strategy.
Few things to keep in minds are:
1. Moving the SL to BE or/and in profit is a way to protect your entry, as well as secure profit.
2. Sometimes moving the SL too early may “choke” the price, and you can get stopped out for BE or small profit. Then watch the price take off in your desired direction, which can create negative emotion.
3. Whereas sometimes if you don't move SL to BE or in profit, you can watch a trade that hits 3:1 RR or more, end up reversing down, passing your entry point and to your actual SL of -1%, which can also create negative emotion.
4. No perfect scenario or management when it comes to the aspect of trading, as every trade is unique, and different outcomes may happen, since the market itself is not perfect, and can do whatever it wants to do.
Now, I will explain my own management when it comes to moving SL to BE or/and in profit.
Certainly this is NOT the only way, nor it will be the best way, but over the years of backtesting & chartwork have given me reassurance on these types of management ways.
I will then show some real live examples on the trades that I closed down, and how I manage them as well.
CADJPY -
Original Trade Forecast and Analysis:
GBPJPY -
Original Trade Forecast and Analysis:
CHFJPY -
Original Trade Forecast and Analysis:
NASDAQ -
AUDNZD -
Original Trade Forecast and Analysis:
First, a general rule of thumb for me. IF the price has hit about 1:1 RR or so, and has broken past the previous recent lows,
I will move my SL to BE. There is no exception in this rule.
Again, I explained earlier that sometimes this will help you to protect your entry when price reverses, and sometimes it will choke the price.
In this case, I would rather take a BE first, and re-look for entry again in the same position, as long as the bias and the price action is still valid on both the higher time frame and lower time frame.
Second, once the entry is in some profit, say 2:1 or higher, I generally will move the SL up to about +0.5% profit or so.
Just want to secure a little profit while not choking the price entirely.
Third, once the entry is in 3:1 profit, then I will move my SL to +1% profit.
This is where I generally will decide whether I should take full profit here, or hold the trade for a mid-long term if the higher time frame has given me the bias.
Fourth, since the trade has already been in 3:1 profit or higher, generally we can expect a continuation correction to form now after the impulse phase.
If it's a smaller correction and price isn't reversing up sharply right away, I will move my SL to about +1.5% profit, set my alert above the continuation correction and observe the development of the correction.
This is generally a point where I can decide to hold the trade longer, or if it reverses up from the continuation correction, then exit the trade for profit.
Fifth, if we start to see a possible reversal development, then I will move down my SL to the recent swing highs/lows,
or just above the reversal correctional structure, and will let the trade tag me out for profit if it reverses.
Any questions, comments or feedback welcome to let me know :)
If you enjoy these contents, and the educational lessons are helpful, please press like, subscribe and follow for more.
Jojo
TA 101: How to Draw Support and Resistance Lines Like a PRO!Support and resistance lines represent a concentration of demand and supply sufficient to halt a price move, at least temporarily.
They are risky areas to buy or sell for beginners, but give clues about reversal in conjunction with other indicators.
Steps to draw support or resistance line:
Find the correct time frame
Include 300 - 600 bars
Find major and minor support lines:
How to identify major support or resistance lines:
They connect more than 3 high or lows.
Increase with number of times they are tested
How far back in time they act as a major support or resistance line
The volume of exchange in those levels.
How to identify minor support or resistance lines:
Minor support/resistance lines include the previous lows and highs.
Other factors that are considered as support or resistance levels include:
Remember the rule of Round Numbers.
Remember the importance of moving averages.
Gaps are not always filled, sometimes they work as a support or resistance.
Fibonacci levels are also important areas for forming support or resistance lines.
General rules:
Lines with higher significance break only under higher volumes.
Once a line is broken it reverse its role. Support turns into a resistance and vice versa.
Stocks To Watch This WeekThe Market's longer term uptrend still intact. Interest rates are driving the market.. 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 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 Does Implied Volatility Effect Premium Selling Strategies?In this video I address a question from a member of my social media. I wanted to answer this for them and educate others on why paying attention to Implied Volatility is important to your probability of success and your strategy returns if you are employing Premium Selling Strategies (Iron Condors, Credit Spreads, Straddles, Strangles, Butterflies, etc.)
