Trading Tools
The VIX at 50 and Using Custom Trend Line TextThis chart shows the VIX since 2018. Between now and then, two significant moves have occurred. In both instances, the VIX went as high as 50 before topping out and then dropping back down. Will that happen again today?
What's also cool about this chart is we're demonstrating our new Custom Text for Trend Line tool. You can now draw any line on your chart and then easily add text alongside that line. The line can go sideways, up, down or at an angle and the text will follow it.
To try it for yourself, open a chart and follow these steps:
1. Open your line Settings by double-clicking on the line or right-clicking and going to Settings.
2. Check the Show Text box and then type anything you want.
3. Adjust the alignment of the text of your choice.
You can read more here on the official TradingView blog: www.tradingview.com
Let us know if you have any questions or want to chime in on your thoughts about the VIX today.
Auto-delivering TradingView Alerts into MT4, MT5Check out TradingConnector (dot_com), an integration tool, which enables auto-delivery of TradingView Alerts in to MT4 and MT4, to trade Forex, commodities and indices!
Delivery time is below 1 second, so it can be even used for scalping, as well as higher timeframe trading.
Disclaimer: This is no financial advice nor any financial service. Remember – 95%+ traders lose money. You are trading at your own risk.
Introduction to the BEST Trade ManagerHello traders
Let me highlight what the BEST Trade Manager can do for you.
The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios.
We made it as such the visual rendering is also very nice on mobile devices.
Reviewing:
- How to connect your own indicator(s)
- How to read the graphical elements
- The 8 Stop-Loss options
- The 4 Take-profit options
- The alerts and dynamic alerts for trading automation
Links are in my signature for more information about it
Wishing you all the BEST for your trading using it.
Dave
Tradingview Drawing Tools (part 1)In this tutorial, I show you where the different drawing tools are located, how to show/hide them, and how to delete them. I also begin showing you how to change their individuals settings so that they are only visible on specific time frames and how to change their individual styles.
Tradingview Color Themes and Indicator TemplatesIn this tutorial, I show you the basics of changing your chart's color theme, including how to save and recall it. I also show you how to change the color theme of your indicators as well as how to save your indicators as a template for easy recall any time you open a new chart. This two tips will save you endless hours and help you personalize your charting experience.
'Sharing its caring" LONGS/SHORTS/ USD JPY AUD DAIHi traders .
Time to share some of my new founding that can help you in trading scenarios . This one its gem IMO , Bag of tools with this one its pretty substantial from long, short liquidation open interest . Candle patterns . EMA SMA and list goes on guys .
Enough talks Test it yourself .
Hope you enjoy this content ,
Hit the like . Keeps me motivated to share this info with you .
BTCUSD is above the ichimoku cloud on the weekly !BTCUSD: golden cross & above ichimoku cloud on the WEEKLY.
Both happened only a few times in the price history of Bitcoin.
(blue) Sometimes it marked the BEGINNING OF BULL MARKETS.
(purple) Sometimes it was misleading, but then it did not lasted long.
Note:
I guess (not sure) that EMA 200 days translates to EMA 29 weeks, and EMA 50 days to EMA 7 weeks. Is that a correct assumption?
Happy trading!
Massive sequence of RSI-Renko DIVINE™ Scalps Following Iran NewsThere were a total of 250-270 points of NQ scalps after the Iran missile strikes going long. If you held the first contract long on the swing trade (1st trade in the direction of the new trend is always the swing trade, marked by a fat arrow) you would have gained another 270 points.
How to Use the Baseline ChartThe chart we made today shows the price of gold as a Baseline chart. The Baseline chart shows price movements relative to a baseline that you choose anywhere from 0% (the lowest point) to 100% (the highest point).
This chart shows gold since the last 1970s with a Baseline of 50%.
Why is this interesting? The chart can show you if an asset is above or below a specific baseline over any period of time. For gold, we see it is well above its average price (50% baseline) and it's been trading above that average level for years (the line turns green when an asset is above the baseline level and red when it is below).
To start using the Baseline chart, follow these simple steps:
Step 1 - Change your chart layout to Baseline. Press the Chart Style button at the top of your chart and select Baseline in the drop down.
Step 2 - Go to your chart Settings by right clicking or double tapping on the chart line.
Step 3 - In your chart settings, find and adjust your Base Level to a percentage you want to see. This can be anywhere from 0% to 50%.
We hope you enjoyed this chart and how to use the Baseline chart to follow any asset. Please press Like if you enjoyed this tutorial or write a comment below.
Looking at short interest of some US stocks [Crowded Shorts]Hello, I have to look at some details on a FX strategy and it is alot of mental effort, therefore here I am looking at high short interest on stocks that I do not even trade :)
Let's look together at the most shorted stocks in the USA.
What I think happens in Wall Street is every one copies every one.
If a fund misses out on something that every one else has been doing, their clients will be unhappy.
If a fund loses money but every one else did too "it was a hard year so it's normal.
"We didn't do worse than the competition" and clients stay with them rather than look for another 2/20.
I would classify groups of market participants in such a way:
- sovereign funds
- pensions etc
- hedge funds
- biggest fund in the world: japan families/housewives (they are all bound to the same laws and fundamentals, they are half the reason why crypto went up I think, the other half being USDT)
- noob retail (represented via what robinhood users are doing)
- banks but not that much
- warren buffet
- entire community positions (short interest for example)
- twitter, wallstreetbets, other social networks?
First, by dollar volume:
Looking at the 2 other companies in the top 5 by % shares shorted that I didn't look at already (the 3 were match tdoc mdco):
What are all these countertrend warriors?
GM has an mcap of 50 billion (mdco is only 6 bil big for example), not in an uptrend, and it is not even in the top 150 most shorted stocks...
GE: 100 billion market cap. Not in the top 150! What can more easilly shoot up 200%? A little scooter mcap of 5 billion, or a giant cruiser ship of 100 billion?
It's not like they have 0 trading volume...
I heard in the media that wall st shorting stocks was a bearish sign but I'd rather not listen to these clowns. Maybe it was far in the past. Maybe in some cases.
Not when the whole herd does the same thing.
In the top 150 most shorted stocks I look at the ones with the lowest float % shorted:
Netflix already done, trending down
Charter com already done, going up
That's only a few examples, it would require way more study.
But looks like the very shorted ones are bad to short, just the herd brainlessly piling up, under 10% seem fine.
First impressions are that stocks shorted 5-9% might be a sign something is up, or at least it is not a reason NOT to short.
But these > 20% like Tesla are just too much.
Shorting > 30% is just asking for huge short squeeze candles and as well as gaps up.
And using options won't solve the issue of the price going up and it being a loser just because everyone else is getting margin called.
First impression was probably correct. The herd is brainlessly doing what others are doing.
Trading as a individual competing with huge companies super computers etc is not that hard really, how obvious can it be to not short crowded shorts?
It's really easy, ye 95+% fail, they're all just either irrational, braindead, or don't put in the thousands of hours required. Duh! What? You need over 10,000 hours of learning & experience to get anywhere (or at the bare min 5k for a +1 std dev IQ)? NO WAY! Wow this is so hard. You actually have to spend some time actively getting good like with anything else even video games? Impossible!
Every one wants to be a countertrend trader smh. Not just countertrend, ALL TIME HIGH & 25% of all shares sold short countertrend trader. So stupid. There's no excuse. It is stupid.
Quickly Measure Time & Change (Hold Shift + Click the Chart)This chart shows the price of Crude Oil (CL1!) over the last few years. It is a daily chart and we're going to use it as an example to show you how to quickly measure the time and price change of any asset.
Today, major news came out of the Middle East about a conflict that involves the US, Iran, and Iraq. The news had oil spiking higher. However, when you zoom out, you can see a much bigger move has already been in motion since crude oil bottomed in late 2018. Since that day, more than 375 days ago, crude oil is up 48%.
Measuring the distance and change of an asset is easy. Press and hold "Shift" on your keyboard and click on the chart. This measurement tool will show you price change, percentage change, total bars, and time. Follow these steps:
Step 1 - Open a chart for an asset you're interested in.
Step 2 - Hold "Shift" and click on the chart from where you want to measure.
Step 3 - Drag your measurement point to any distance you need.
We hope you enjoyed this chart and quick tip. If you enjoyed it, press Like or leave a comment.
Central bank calendar for 2020Here are the important dates. * The small red lines are supposed to indicate the EUR & USA central bank meeting dates.
Looks like February might be dead, with maybe a bit going on in Oceania.
May calm, maybe some UK & Oceania going on just like the end of 2019, August dead but who cares, and the rest of the year interesting especially June so just like 2019 maybe.
I have some things on the radar for January already.
I am planning my year around this calendar.
Also let's not forget the 2020 election too, this might be the most important date.
For stocks & indices of course but even for those that don't trade those or don't trade them much (like me).
Going to be an interesting year...
In the world of Currencies Gold Metals Energy which is what I do, also what will happen with the climate change hysteria is going to be interesting.
There's a large part of the population that think the world is going to end so what will they do?
They will impact politics and the economy. 10% of israel population are in a sect branch of judaism and the government does some of the thing they want, muslims... well I don't even need to explain that... 10% are salafists which is the world most powerful "cult" or "sect" with a huge impact, and in Eu & Na I guess the number is the same? 10% are deathly afraid of CO2? They will have some impact and this will definitely drive the price of Oil NatGas Copper Nickel which I have in my watchlist, as well as have some impact obviously on the economy.
And will socialism grow? Or fade out? I myself guess it will die out just like in the UK... Seriously, germans voted for Hitler but they were starving. EU & NA populations are not starving so why would they go full insane. East europe went full insane but that was their revolution, they overreacted as usual. France had their revolution in 1789 and it was followed by a period of terror, then Napoleon, then changing governments... Took what like a century to go to a clean democracy? Soviets had socialism with going back and forth between capitalism and full communism from 1920 to 1990, nothing surprising there. I doubt they will go back.
What people call "capitalism" is just the natural order of things. Like it or not everything has a price and a reward. Nothing gets magically created.
Nothing is lost, nothing is created, everything is transformed.
Well, going to be a fun year. I probably won't post much about stock indices, I am just perma long till the Dow gets to ~33k, I won't post much about Bitcoin it is so boring, there is the halving and also now is when satoshi gets his coins? Might be interesting actually.
Just going to focus on USD EUR GBP CAD AUD NZD SEK JPY CHF GOLD NATGAS USOIL COPPER NICKEL.
Chart theme by PaintChart - Facebook
Symbol
Candles: 4267B2, FA3E3E
Borders line: 4267B2, FA3E3E
Wick: 4267B2, FA3E3E
Last Value Line: Thickness 3
Appearance
Background: E9EBEE
Vert Grid Lines: FFFFFF - Line
Horz Grid Lines: FFFFFF - Line
Scales Text: 4267B2
Scales Lines: 4267B2
Crosshair: 4267B2 - Dashed Line
Style
Growing: 4267B2 - Opacity 50%
Falling: FA3E3E - Opacity 50%
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Chart -> Chart settings -> Color -> Click the Add custom color button and paste each color code.
If you like this theme, please click Like button!
How to Compare the Year-To-Date Performance of Any Two AssetsWe created this chart to show the year-to-date performance of Bitcoin (candlesticks) compared to the year-to-date performance of the S&P 500 (orange line). Here's how you can create a chart like this to compare assets and their year-to-date performance:
Step 1 - Create a chart for the asset you're interested in by typing its name into the search box.
Step 2 - Press the YTD (year-to-date) button at the bottom of the chart to set its time frame.
Step 3 - Press the 'Compare' button at the top of your chart and select the assets you want to compare.
Step 4 - Your chart will now show two assets and their YTD performance in percentage terms.
As 2019 comes to an end, this simple solution shows what assets performed best, worst or shared interesting correlations. Traders and investors can use this to reflect on lessons learned or gain insights into what the new year could bring.
If you enjoyed this quick written lesson, please press Like and Share it with a friend. If you want to see more like it, write in the comments with your questions and feedback!
Chart theme by PaintChart - Evian
Symbol
Candles: 007CBB, E1194A
Borders line: 007CBB, E1194A
Wick: 007CBB, E1194A
Last Value Line: Thickness 3
Appearance
Background: F7D8DF
Vert Grid Lines: FFFFFF - Line
Horz Grid Lines: FFFFFF - Line
Scales Text: 007CBB
Scales Lines: 007CBB
Crosshair: 007CBB - dash line
Style
Growing: 007CBB - Opacity 50%
Falling: E1194A - Opacity 50%
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Chart -> Chart settings -> Color -> Click the 'Add custom color' button and paste each color code.
If you like this theme, please click Like button!