Tutorial on Trading Setup with TradingView

Objective

This tutorial aims to guide new members on setting up and utilizing TradingView for trading, focusing on chart analysis and strategy.

Setup Overview

• Split Screen Configuration:
  • Right Chart: 15-minute chart
  • Left Chart: 1-minute chart

Indicators and Settings

• 15-Minute Chart:

  • Use the Smart Money Indicator
  • Include the Range Maniac for better position clarity

• 1-Minute Chart:

  • Use the Smart Money Pro Indicator with order blocks off
  • Use Million Moves Algo with settings highlighting zivity value four
  • No need for candlestick coloring as Smart Money Pro provides this
  • Range Maniac with appropriate settings for additional guidance

Trading Strategy

• Trend Following:
  • Observe change of character and color (red for shorts)
  • Wait for the shift from red to green and then back to red for confirmation
  • Utilize Peak Spotter with DOT analysis to maximize entry points

Example Process

1. Identify color change and DOT on the peak spotter.
2. Verify Smart Sell Signal aligned with red color change.
3. Recognize pullbacks and validate sell signals throughout the periods.
4. Continuously check 15-minute chart for trend orientation.

Tips and Recommendations

• Time Considerations:

  • Focus on London Open for optimal strategy performance
  • Avoid high impact news periods

• Chart Analysis:

  • Regular DOT checking for confirming rapid market moves
  • In-depth trend analysis by using both charts simultaneously

• TradingView Usage:

  • Split screens improve setup efficiency
  • Investigate discount options for additional features

Conclusion

This strategy offers a foundation for scalping using the Million Moves algo. For further inquiries, reach out via comments. This setup provides holistic chart analysis for better trading decision-making in 2024 with TradingView. Thanks for tuning in!