Community ideas
Head and Shoulder Almost a textbook reversal pattern is formation, might take few months to complete. Just for tracking
How to use the bar-replay feature of Tradingview? Hey everyone!👋
Today we wanted to share one of the most powerful features of TradingView, our beloved "Bar replay feature". Let’s get started! 🚀
1. When you open TradingView, you will find an option called "Chart". As soon as you click it, it will redirect you to a blank chart template.
2. In the top toolbar, you will see a “Replay” option. Just click it to open the Bar Replay toolbar.
3. There are 6 buttons on the playback toolbar. These buttons explain their functionality with a small label when you hover over them.
4. After opening the replay toolbar, the chart enters the selection mode for the starting point. The Blue vertical line along with Jump To button can be used as a tip. Click on any historical bar to select the starting point of your playback.
5. You can launch the auto-play by clicking the Play button and can adjust the update speed using the speed button. In addition to this, you can load each data update manually by clicking the Forward button.
6. To select a different starting point when the playback is in process, just click the “Jump-To” button and select the new historical bar from where you want to start.
7. The replay toolbar also works in case of multiple chart layouts. It will display the replay of the active chart. You can toggle between the replays of the charts by exiting the reply of the active chart and then selecting the replay on the other.
8. To end the playback and return to the real-time data, all you need to do is just click the Realtime button. Pretty easy, right?
9. You can close your bar replay by clicking on the toolbar itself or by clicking the replay toolbar button from the top panel of your chart.
Obviously, the playback system is not foolproof yet and we work tirelessly so that we can improve it. But for the time being, there are a few other features and limitations that you should know about the playback mode.
- New server-side alerts can’t be created in playback mode. They only work in real-time.
- Orders are filled based on real-time data, never in playback mode.
- Quotes that are shown in the trading panel and in the watchlist match real-time data when the chart is in playback mode.
- Regression Trend and Volume Profile Fixed Range tools don’t work during playback. They will automatically adjust to the nearest point and hence, won’t give desired results.
- Indicators with security functions don’t work during the playback.
- The depth of history that is available for playback can be limited depending on the specifics of symbol data.
- Bar replay doesn’t work for Heikin Ashi, Renko, Line break, Kagi, Point, and Figure chart.
Nevertheless, the above notes shouldn’t stop you from trying out this amazing feature. The bar replay can be invaluable in analyzing your old trades or in backtesting a trading system. If you have any feedback for us, please write it in the comments section below.
See you all next week :)
- Much love, Team TradingView 💘
Trader's Queries - How to gain confidence in trading?Query : Although I have read many books on trading and learnt technical analysis and many chart patterns I couldn’t get enough confidence to trade.
How to gain confidence in trading?
Take few mins and answer honestly.
Are you giving your best in trading?
Are you treating trading as a lottery?
Do you have discipline? ----- Now watch the video and write your comment below....
HOW TO RIDE HUGE RALLIES & MOMENTUM! Hello Traders!
This is a learning analysis for 'How we can capture momentum & ride huge rallies in stocks.'
I've taken the example of HFCL. As per the chart you can the current bullish candle closes above the green line (6ma). Whenever this happens near any support of demand zone or any moving averages stocks become bullish.
In this stock it is bouncing back from the 50 ma net(red - blue - red lines).
For SL we can keep it below the low of the current weekly candle.
Entry can be taken @cmp.
The 1st target considered is exactly 1:3 RR. Further move is expected in this trade. So SL can be trailed as per price action. How? If any weekly candle closed below the 6ma, SL will be exactly triggerd and we should exit there or should book partially.
For instance see the same chart during May-July. You'll see how it worked.
Why BEAR-TRAP occurs? How to Avoid and Trade a BEAR-TRAP?What is a BEAR-TRAP?
--> BEAR-TRAP is a condition in the market where the Price gives a Breakdown below a Potential Support zone but quickly Reverses back above the Support without giving a follow up bearish candle.
Why a BEAR-TRAP occurs?
--> Big Players who are bullish on a specific stock would be wanting to buy a big quantity of shares at the best price , but there will be no enough sellers . Hence All Buy Orders of Big Players would not get filled. so what's the solution?
--> Big Players know that the Retailers have maximum of their StopLoss order's just below the Support.
--> Big Players will place Contra-Short Trades and will trigger the Stop-Loss Orders of the Retailers turning them into a Seller .Hence All Buy Orders of Big Players will get filled. .
--> New Breakdown Traders place Fresh Short-Sell Orders looking at the Breakdown and if its a F&O stock , Call-Sellers open new positions at ATM (At the money) Strikes. .
--> Now as All Buy Orders of Big Players got filled. . BIg players aggressively start moving the price up and trigger the Stop-Loss Orders of the New Breakdown Traders and Call-Sellers who entered looking at the Breakdown which ,again shoots up the price.
-->Hence All Bears are been Trapped.
How to avoid a BEAR-TRAP ?
--> Look at the Volumes on the Breakdown ! If the Volumes are Low , It is probably a Fake Breakdown! .
--> Wait for a follow up Bearish- Candle after the Breakdown Candle! i.e Take a entry only when the Low of the Breakdown-Candle breaks.
--> Check out if there is a significant Long-Unwinding if its a F&O stock.
How to trade a BEAR-TRAP ?
-->Check out for a Reversal Pattern soon after the Breakdown. Eg: Bullish Engulfing, Bullish Harami, Bullish Piercing .etc
--> This Reversal Candle Stick must close above the support.
-->Enter a Long Position above the high of this reversal candle .
Real Example!
--> NSE:POWERGRID was trading within a Rising Channel .
--> POWERGRID gave a Rising Channel Breakdown below 196 and gave a daily closing at 191. Perfect breakdown right?
-->Breakdown Traders entered here keeping their Stoploss above the POC or just above Psycological level 200. and Call Sellers would have Shorted the POWERGRID 200 CE STRIKE .
--> Check out the volumes on breakdown! Its very very low signifying its a Fake Breakdown.
--> POWERGRID on the following day made a Bullish Above Stomach Candlestick pattern and gave a closing above the support level 196.
-->Perfect Buy would be on 1HR Closing above the support level 196 on the next day.
-->Boom! Price made an Impulsive Movement after it triggered all the StopLoss Orders placed at Psycological level 200 by the Breakdown Traders and also due to the Short Covering at 200 CE STRIKE .
--> Wasn't it a perfect BEAR-TRAP Trade?
If you liked this Educational Idea, Kindly LIKE,COMMENT, SHARE, & FOLLLOW me on Trading-View for more educational posts like this.
Market Phases - Every trader must knowMarket Phases -Stock prices may appear random, but there are repeating price cycles, which are predominantly driven by the market participation. Below are the four types of market phases that occur.
Phase 1: Accumulation - The accumulation phase is a stage of consolidation. There is no clear trend, and the stock is usually trading in a range. It's a span of time in which traders and institutions are slowly accumulating shares, but the market has not broke out yet. Trend traders finds difficulty to trade.
Phase 2: Advancing - During the advancing phase, price breaks out of range (comes out of the accumulation phase) and begins a sustained uptrend. This stage is when the price begins moving up. The big money has established a position and retail investors are now invited to join in the profit party. This is the most profitable time to own the stock – an opportunity to let your profits run.
Phase 3: Distribution - The distribution phase begins as the advancing phase ends and price enters another range period. The shares are being sold over a period of time—the opposite of accumulation. This time, the sellers want to maintain higher prices until the shares are sold.
Phase 4: Declining - During the declining phase, price breaks out of the range (comes out of the distribution phase) and begins downtrend. This stage comes after distribution when price begins moving down.
Now lets understand them one by one in detail :-
1.)Accumulation phase where trend traders find difficulty to trade
Accumulation usually occurs after a fall in prices and looks like a consolidation period.
Characteristics of accumulation phase:
It usually occurs when prices have fallen over the last 6 months or more
It can last anywhere from months to even years
It looks like a long period of consolidation during a downtrend
Price is contained within a range as bulls & bears are in equilibrium
The ratio of up days to down days are pretty much equal
The 200-day moving average tends to flatten out after a price decline
Price tends to whip back and forth around the 200-day moving average
Volatility tends to be low due to the lack of interest
Examples of Accumulation -
How To Trade Accumulation ??
1.)Sell At Resistance
2.)Buy At Support
Do not go blindly short at resistance, wait for any reversal candle or look for any negative price action in smaller TF. Look for reversal candles
Never buy blindly on support. Look for reversal candles. Switch to smaller Time-frame find a bullish price action/ bullish chart patterns.
Never Ever Trade At Midpoint In A Range Market. You never no where it will head, to the the support area or to the resistance area.
2.)Advancing phase which trend traders love — Best trading strategy is to long the uptrend
After price breaks out of the accumulation phase, it goes into an advancing phase (an uptrend) and consists of higher highs and lows.
Characteristics of advancing phase:
It usually occurs after price breaks out of accumulation phase
It can last anywhere from months to even years
Price forms a series of higher highs and higher lows
Price is trading higher over time
There are more up days than down days
Short term moving averages are above long-term moving averages (e.g. 50 above 200-day ma)
The 200-day moving average is pointing higher
Price is above the 200-day moving average
Volatility tends to be high at the late stage of advancing phase due to strong interest
Examples of Advancing
How To Trade Advancing ??
1.)Breakout Trading - Where you above the highs
2.)Pullback Trading - Where you buy support which was earlier a resistance. This is called change in polarity.
Avoid Trading against the trend. If you trade then take small profits. You will get max with the trend.
3.)Distribution phase- - Distribution usually occurs after a rise in prices and looks like a consolidation period.
Characteristics of distribution phase:
It usually occurs when prices have risen over the last 6 months or more
It can last anywhere from months to even years
It looks like a long period of consolidation during an uptrend
Price is contained within a range as bulls & bears are in equilibrium
The ratio of up days to down days are pretty much equal
The 200-day moving average tends to flatten out after a price decline
Price tends to whip back and forth around the 200-day moving average
Volatility tends to be high because it has captured the attention of most traders
Examples of Distribution :-
How To Trade Distribution ??
1.)Sell On Resistance
2.)Buy On Support
Do not go blindly short at resistance, wait for any reversal candle or look for any negative price action in smaller TF. Look for reversal candles
Never buy blindly on support. Look for reversal candles. Switch to smaller Time-frame find a bullish price action/ bullish chart patterns.
Never Ever Trade At Midpoint In A Range Market. You never no where it will head, to the the support area or to the resistance are.
4.Declining phase - Best trading strategy is to short the downtrend
After price breaks down of the distribution phase, it goes into a declining phase (a downtrend) and consists of lower highs and lows.
This is the stage where traders who do not cut their loss become long-term investors.
Characteristics of declining phase:
It usually occurs after price breaks out of distribution phase
It can last anywhere from months to even years
Price forms a series of lower highs and lower lows
Price is trading lower over time
There are more down days than up days
Short term moving averages are below long-term moving averages (e.g. 50 below 200-day ma)
The 200-day moving average is pointing lower
Price is below the 200-day moving average
Volatility tends to be high due to panic and fear in the markets
Examples of declining :-
How To Trade Declining ??
1.)Breakdown Trading - Where you sell below the lows
2.)Pullback Trading - Where you sell on rise after a breakdown. Supports turned into resistance. This is called change in polarity.
Avoid Trading against the trend. If you trade then take small profits. You will get max with the trend.
Hope you all learnt from this post. Share with the community if you liked it.
Regards
Omahto
SSL Channel and Hama Candles Setup for Swing/Intraday tradingHi followers,
This is very effective trend following strategy and we take entry only on trend confirmation which increases the profitable trades and also we can trail our SL if needed in this strategy.
I have mentioned the indicators and how to use in the snippet. please go through the example and backtest on your selected stocks in all time frames and confirm if it suits your style of trading.
How to use the TradingView screener?Hey everyone! 👋
Today we want to enlighten you about an amazing feature of TradingView, "the screener". The screener is one of our most powerful tools. As the name suggests, it is used to filter symbols (stocks, cryptos, and currencies) based on certain technical or fundamental aspects. The screener works for 3 different markets - stocks, crypto, and forex and any script can be shortlisted based on technicals, fundamentals, or a mix of the two.
Sounds good? Let’s get started. 🚀
If you open the homepage of TradingView, you will be greeted with an option called "Screeners" .
If you hover over it, you will see 5 options , namely:
1. Stock screener
2. Forex screener
3. Crypto screener
4. Stock heatmap
5. Crypto heatmap
Select and click the screener that you want to use. (In this post we are mainly concerned with the screener, so let's ignore the heatmap).
The main page of the screener will look like this:
The stocks will be listed in columns along with various technical entities such as change, volume, change %, technical rating, as well as fundamental entities such as EPS, P/E, sector, etc.
You can add or remove more details by using the “3 vertical lines” icon. If you click on it, you will see a whole lot of technical and fundamental elements. These include moving averages, MACD, RSI, volatility, total assets, total debt, total liabilities, total revenue, etc.
There are plenty of foundations on which you can sort the stocks. These can be margins, valuations, balance sheets, performance, oscillators, etc.
There is an option on the extreme right-hand side of the toolbar, named "Filters". It provides a facility to add custom filters based on the financials or technicals.
There are also plenty of pre-made screens that can be accessed just by clicking the option to the left of the "Filter" tab. The default screens include top gainers, top losers, unusual volume, overbought, etc. The best part is, you can export the screener data to a CSV file. Amazing, isn’t it?
Feel free to experiment with the screener and let us know what you think. Or are there any more things you'd like us to include?
See you all next week :)
- Much love, Team TradingView 💘
How to Trade an ASCENDING TRIANGLE BREAKOUTSTRUCTURE
--> ASCENDING TRIANGLE is a type of consolidation pattern formed after an Uptrend ( Markup Phase).
--> ASCENDING TRIANGLE is a triangular pattern with a flat horizontal Resistance on the top and a Trendline that connects atleast two Higher Low swings from the bottom to the top of the Triangle.
--> ASCENDING TRIANGLE is considered to be a Bullish Pattern because the Swing Lows are getting shifted Higher signifiying the Sellers loosing the strength .
LOGICAL REASON BEHIND THE PATTERN
--> As the ASCENDING TRIANGLE is having the flat horizontal Resistance on the top , There are stack of STOP-LOSS-ORDERS just above the horizontal Resistance. When some Strong Buyer punches a heavy buying order, The order Triggers all the STOP-LOSS-ORDERS which were placed above the horizontal Resistance turning the sellers as buyers.
--> Seeing the Breakout various New Traders and Algo's place more buying orders and the price tend to move higher.
Example
--> Take the example of the crypto GMTUSDT .
--> Initially the crypto was in the Mark-Up phase.
--> Later this crypto entered into the Consolidation phase by making ASCENDING TRIANGLE as the consolidation pattern.
--> $0.82 was the horizontal resistance established by this stock.
--> The Lows started shifting up from $0.5 to $0.7 to $0.75 showing loss in seller strength .
--> The Price started sustaining above the POC (Point of Control) showing buyers strength.
--> When Price Breached $0.82 all SL orders were Trigerred and the crypto gave the breakout with volume .
--> The price moved higher as new Traders and Algo's placed more buying orders .
Target and Stoploss
--> Target would be the Depth of the Ascending Triangle, Projected above the Resistance Breakout as mentioned in the Example Screenshot.
--> Stoploss would be placed below the Breakout Candle LOW .
traders lifewhy iam a trader / investor ?
repeatedly asked question to a professional stock market traders / investors & beginners
from my side its ....
1. prime factor drives in is passion
2. returns on investment cant be matched by any other business , although risk factors do apply
3. feel of entrepreneur from the scrap.
4. basic infra investment directly gets in to our running capital
5. less man power / overhead cost
rest of the comments please do insert from your side friends
have a great trading / investment career
cheers from
anand....
Tutorial/classes for trading Basic to Advance Hii, i am posting my learning here to help to grow and earn, i will share 2-3 classes every week.
Be with me to learn
BOX PATTERNWhen price break any well defined boundary above 200 DMA then high probability price continue the trend .
Always near well defined boundary a reversal candlestick act as trend reversal .
Continuation Inverted Head & Shoulder Pattern Continuation Inverted Head & Shoulder Chart pattern act as a continuation of #trend .
But a small concern for me is the distance between Price and 200DMA .
A Comprehensive Guide to Rectangle Formation.Introduction:
Price trends do not usually reverse on a dime. uptrend and downtrend are typically separated by a transitional period or trading range, and trading range formation signal trading opportunities for traders.
The trading range separating rising and falling price trends discussed here
is a pattern known as a rectangle.
This post will cover these questions:
1. Types of a trend reversal.
2. Rectangle formation.
3. consolidation rectangles.
4. Significance of a rectangle pattern.
5. Retracement moves
6. What when a rectangle fails?
1.Trend reversal
The turning point between the bull and bear phases is termed a reversal pattern.
# Reversal patterns at market tops are known as distribution because the security is said to be “distributed” from strong, informed participants to weak, uninformed ones.
# Price patterns, including rectangles, that develop at market bottoms are
called accumulation formations where the security passes from weak, uninformed participants to strong, informed ones.
a.Horizontal or transitional reversal.
An oil tanker takes a long time to slow down and then go into reverse. The same is normally
true of financial markets. Generally speaking, the longer the trend, the more
time spent in the reversal (turnaround) process. This transitional or horizontal phase has great significance
because it is the demarcation between a rising and a falling trend.
b. Reversal on a dime without warning.
This type of reversal is the exception to transitional reversal and they are the highly emotional market that changes without warning.
2. Rectangle formation.
The figure shows the price action at the end of a long rising trend. price starts to move in a trading range between Point A and Point B.
Point A can be identified as a resistance area after the price backed of two times from Point A.
Point B can be identified as a support area after the price moved up two times from Point B.
one can draw horizontal trendlines or Box on the chart to mark the level.
At this point, the demand/supply relationship comes into balance in favour of the sellers whenever the price
reaches A, and the demand/supply relationship comes into balance in favour of the buyers when the price reaches B.
Finally, prices fall below point B signals a trend reversal and the sellers are dominating the market.
3. consolidation rectangles.
If the rectangle following an uptrend is completed with a victory for the buyers as the price pushes through the upper line A , a reversal does not develop because the breakout above A reaffirms the underlying trend. In this case, the corrective phase (trading range) associated with the formation of the
rectangle temporarily interrupts the bull market and becomes a consolidation pattern.
In the figure, a breakout to the upside makes this pattern a continuation rectangle.
#the prevailing trend is in existence until it is proved to have been reversed.
4. Significance of a rectangle pattern.
i. Time Frames
The longer the time frame, the more significant the pattern. A pattern that
shows up on a monthly chart is likely to be far more significant than one
on an intraday chart, and so forth.
the longer a pattern takes to develop in a particular time frame, the greater its significance within that
time frame.
# Most of the time the larger pattern will be more important, but not every time. In technical analysis, we are dealing in probabilities, never certainties.
ii.Volume Considerations.
volume is an important independent variable that can help us obtain a more accurate reflection of crowd psychology. volume shrinks during the formation of pattern and blastoff on successful breakout/breakdown of the price.
iii. Measuring implications:
The depth of the pattern is projected in the direction of the breakout from the breakout point
5. Retracement moves.
Many times when the price breaks out from the rectangle, the initial move is followed by a corrective move back to the breakout point. This is known as a retracement move, and it offers an additional entry point for left out players who pushes the prices again in the breakout direction.
6. What when a rectangle fails?
One of the first things that should be done upon entering any business venture is to weigh the possible risk against the potential reward. the same is true in the financial markets.
*Amatures on breakout only focuses on potential profits.
*Professionals always consider the risk as an equal.
this means when opening a new position you have to consider the risk to reward ratio and decide prior to opening the position what type of price action would cause you to conclude that the breakout was a whipsaw.
Some price action to consider to identify a whipsaw (fake breakout).
a.50% rule.
It very much depends on the chart. If there are no obvious support points, many traders believe that a penetration of the 50 percent mark is the place to exit. In this case, the 50 percent mark is the central point between the two horizontal lines that make up the rectangle.
b. Trendline support
using price action trendline to identify if the trend is valid or has been breached.
c. Stop below/above the opposite line of breakout/breakdown.
one can set a stop above the resistance line if the short-sell position is triggered.
or set a stop below the support line if the long position is triggered.
d. False breakouts:
Shrinking volume on an upside/downside breakout.
Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in!
Happy Trading!
TRADING A GAME OF PROBABILITYTRADING A GAME OF PROBABILITY
We know that market has random movements; the pattern behaved in the past cannot behave exactly the same next time so in a random market environment there are so many external factors that can affect the outcome of the trade, a trader cannot know all those factors. What you know is your EDGE (your strategy) which is certain in an uncertain market environment, If your edge has a positive outcome you can produce a consistent result in a random environment.
HOW TO PRODUCE CONSISTENT RESULT IN A RANDOM ENVIRONMENT
An event that has a probable outcome can produce consistent results if you have the odds in your favor and there is a large enough sample size. (a series of trades generated by your edge). You have to think in probabilities and take every single trade which meets the criteria of your system (your edge); you don’t know the outcome of any trade before taking the trades (you don’t know which trade is going to be a winner or loser) unless you know a way to travel in time so, you cannot select between the trades you have to play all.
Every event is independent of the previous one. If your last 2 trades are loser doesn’t mean next will also be a loser, because markets are random and you can make consistent result if you have odds in your favor.
Trade using Pitchfork and PitchFanPitchFORK + PitchFAn is very acuurate When it comes to find the point of reversal.
In this chart one can easily find the point of reversal just by looking at important levels of pitchfork.
If pitch fork is drawn accurately it will definitely help you in your intraday/positional trading.
Draw pitchfor at daily time frame and then use it in your trading either on hourly/30min/15min/5min it will give you amazing results.
good luck guys....
GOLD Might be ready for Next big Rally FXOPEN:XAUUSD
After a very Long channel Cool off Gold Might be ready for the next impulse Wave
HOW BIG PLAYERS FOOLS USon this chart you can clearly see a triangle pattern and a crucial support zone. This chart pattern is visible to all public
what can you anticipate where the major stop losses would probably be place or when the buyers will panic. It is obvious around the support zone . The big players manages to make a small move in direction to the probable stop losses and a series of stop losses start to trigger then a sharp selling starts and what happen after that price reverse and most of the traders are out of the game they get frustrated seeing prices going into there favour after hitting their stop losses.
In this situation the Stop loss are more predictable so the big players use this opportunity.
