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!
Community ideas
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. Download 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
BITCOIN: What's driving it? Is 30,000 in sight?In this video I show my theory on what's probably happening with BTCUSD.
It appears that Bitcoin is being used to hedge against the US Dollar crashing.
$22,000 is certain in sight and who knows it could get to $30,000 sooner than anyone might imagine.
I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO. I've lost nothing.
I think that many will profit from a possible further charge north. But there is also still a risk that it BTC could reverse significantly.
Best wishes for the Christmas period 🎅and have a Happy Prosperous New Year. 🥂🎁
Will you miss the next market crash?No. You'll see it.
There is no need to start loading up on AMEX:SPY Puts every time the market has a down day. The market will reveal itself with price action if your are patient and contrarian. There will be opportunity to profit from a real bear market move with lower risk and higher probability than trying to catch the top. Corrections and crashes only come around rarely but there is a simple way to trade them...
How to create chart art, infographics, and custom visualsThere are two things you have to master to create the best chart art:
1. The drawing tools available to you
2. Your chart settings
In this video, we show you how to create a blank canvas for chart art, infographics, and custom visuals. The first step to getting started is understanding how you can turn your chart into a blank canvas. Open your chart settings to get started. In your chart settings you can control the look and feel of your chart including the ability to hide everything, even the price line, and draw on an open canvas. You can also control the background, scales, and color of the price line to create something totally unique to you.
The simplest way to create a blank canvas is to uncheck each box in the chart settings and adjust the background color of the chart including the vertical and horizontal grid lines. Once you've created your blank canvas, you have the freedom to create and draw anything you want. You can use this canvas to make flow diagrams, pictures, and more. It's really up to you and your level of creativity. Here are some recent examples that convey interesting educational lessons or trading concepts:
How to manage risk
What is growth investing
How to think about the long term
The trader's journey
The final step to creating the best chart art and custom visuals, is to make sure you master your drawing tools, which are located on the left-side of your chart. You can use them to draw anything that comes to mind. It could be a flow chart, a cartoon or even a picture. You will want to make make the brush tool your best friend. It's how you draw freely across your chart as if you were holding a pen or a paint brush in your hand.
We hope this video tutorial helps you get started and we look forward to seeing the work you create.
Please leave any questions or comments below. In addition you can ask for product features or product requests and we will share them with the team.
Buying IPOs are STUPIDThere are plenty of opportunities to benefit from your "SUPER BULLISH" case on whatever the stock is... but day one being it has a horrible track record. IPOs are not done to make YOU wealthy!!! Including today's NASDAQ:ABNB
My video is not all FUD. I show a simple way to play them with a better chance...
Ethereum Multi time Frame Overview & Trading OpportunitiesBINANCE:ETHBTC
Like & Comment. Thank you.
Ethereum is about to approach a critical juncture which can provide trading opportunities for both LONG & SHORT traders with it's reaction to the S/R zone between 0.033033sats & 0.034332sats.
Short & Long positions provide a RR of 3+ when targeting most recently levels of support & resistance.
The Best (and most simple) Risk Management Approach to TradingRisk management in forex, or any other trading, shouldn't be complex, rather it should be simple enough even for a kid to follow.
Our Risk Management approach comes down to 3 basic points,
1. Structured position sizing ( manage your exposure! )
2. A definite exit area ( always have a stop loss! )
3. Follow point 1 & 2 like a religion!
Hope this helps and good luck!