After trading for 21 years, I really like to simplify my charts – when trading I tend to only use one indicator – and that is more confluence & confirmation than entry/exit.
What I find that works well, when teaching students, is visual. Getting the message over in a fun way – it is easy to remember the content. In doing this, I have found that using @TradingView has become a very useful addition and in recent months I have enjoyed making content for education in the community here.
This has also taken a new path as NFT’s have taken off and TV could be used for that element too. So what I wanted to do was share some of the recent posts all in one place and walk you through my latest one – step by step.
**** YOU CAN CLICK THROUGH EACH IMAGE FOR THE ACTUAL POST ****
The other thing you can do is use the drawing tools to create visual representations of patterns, candles and other useful tricks to share with the community. One recent post was this – the 3 page cheat sheet.
This was built using the path tool and trend lines .
Similar content to explain more complex Technical Analysis .
=================================================================================================
And of course some of the fun stuff;
This post was a huge hit, talking you through the emotions of being a trader, I tried to use Homer as the ‘average’ man that we can all relate to at times,
Relaxed when the market is strong
Through to Hope!
As panic sets in.
=================================================================================================
Other posts using images;
=================================================================================================
So when starting, I decide on the message I am trying to get over. Then select a theme or a character. From there, it’s a question of If it will be incorporated with the chart active or not – again another useful feature on @TradingView – you can toggle the bars, lines, candles off if you use the little eye icon on the symbol in the top left.
In this example walk-through I am making a Fibonacci based image for a new Fibonacci post.
So I started with the angles – I used the angle line tool first and then copied with ‘ctrl’ & drag to the next levels.
This give me the lines I needed to start the overlay.
And then I could start building up and around – point to point.
Now you can start to see the spiral come together.
I then start adding detail, playing with the colour setup and so on.
Even adding a Fib box in the middle.
Still getting the colour configuration right.
Removing the lines from behind.
And the final image.
===================================================================
So as you can imagine, sometimes it takes a long time to build one of these types of posts. But it’s worthwhile when it helps deliver the message.
I hope this is insightful and a good glimpse into how to use the charts for fun & education.
And of course with the rise of NFT’s – you could build your own art here on @TradingView
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.