like many of you i absolutely despise
sitting in front of my computer for
eight hours a day staring at
candlesticks going up and down and up
and down and up and down i want someone
to tell me hey go look at the charts you
might want to get in on this trade so in
this video i'm going to show you how to
easily and quickly set alerts in trading
view so that you can get on with your
life and quite possibly go ride your
bike
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis now i
hate tutorial videos that take 85
minutes so let's get into the charts i'm
gonna show you exactly how to set this
up so hopefully you watched my previous
video about a five-minute scalping
strategy this is basically just two
parts of that strategy we are looking at
the frankfurt open which opens up one
hour before the london session i
currently have this in replay mode so
that i can show you how to set this up
but basically i'm just using two of the
four indicators that i discussed this
box right here is called the fx market
sessions the blue line is the v whap
line so essentially you only have to get
on the charts for five minutes to get
all of this set up what you can do is
set your alarm to wake you up at eight
o'clock and start getting ready by the
time nine o'clock rolls around you've
already had breakfast showered done your
entire morning routine maybe even
including a workout at that time this
indicator will have already created a
box bracket around that first trading
hour now once you hop on the charts what
you can do is draw a horizontal line
across the top and the bottom of this
box now one of the things you're looking
for is above or below this v-wap line
because we are trading above the v-wap
line i want you to only take into
consideration long positions now what
you're waiting for is a five-minute
candlestick to close
above that frankfurt session box now the
cursor that i like to use is the cross
hair not the arrows now once you have
your crosshairs on the screen what you
can see is time vertically and price
horizontally hover over to the right
side of the screen where the price is
and make sure your cross hairs are lined
up with that yellow line that you made
right here you get a little plus icon
you're gonna click that button right
here and once you click that button
you're gonna get a pop-out menu that
says add alert it'll give you different
options depending on which indicators
you have up on your chart but what we're
gonna do is just add a price alert for
us 30 at this price level so once you
click that add alert for that price
level you will see a orange dash line
that pops up if you hover over it with
your cursor you will see that you have
an alert at that price crossing that
level you can also move it up and down
to fine-tune it to exactly where you set
your mark when you do fine-tune it a
window pops up and you can set how you
want to be notified whether it's in the
app whether it's a pop-up whether it's
on your desktop or whether you want to
get an email then just click save now
because this is a five-minute chart this
alert might show up right after the
close of that first hour of trading the
frankfurt session but it also could
consolidate for an hour and in the
meantime you could do something else now
once the price has crossed that
threshold you've gotten your alert and
just using these two confluences you can
safely take a trade right here now what
i want you to do is set your take profit
and your stop loss levels those are also
going to be set as alerts now what i
want you to target is either a one to
one or one to two risk to reward ratio
on this your stop loss is going to be
the bottom of this frankfurt session and
your take profit levels are going to be
intervals of the size of this frankfurt
session so you can do is actually choose
your rectangle tool trace it to the
exact size of that frankfurt session and
then just drag it to the top of that
frankfurt session to see where your
first take profit level is draw another
horizontal line across the top of it and
then just do that again repeating the
process putting another horizontal line
across the top of that now i want you to
set alerts for both of those levels just
click the plus icon right here where the
price would match that horizontal line
that you did add alert for us 30 at that
price level likewise for take profit too
so with this being your entry right here
once you got that alert the price had
crossed that line and closed above that
level you can now set your trade at take
profit one and take profit two if you
guys are enjoying this video so far and
you like the way that i teach make sure
you're subscribed to the channel and
make sure you drop a like on this video
depending on what platform you're using
if you're using mt4 i would suggest
putting in two trades of equal size so
each trade only risking half a percent
one percent in total your first trade
closes at take profit one and your
second trade closes at take profit two
or if you're using a platform like
ctrader you can actually set that in
where it closes a certain percent of
your position so you only have one
position and every time the price
crosses those levels you'll get a
notification on your phone or through
email that way you don't have to sit and
wait and watch the price and get anxiety
and psych yourself out of a trade and do
all of the negative psychological things
that normal day traders do the whole
purpose of setting alerts is to ease the
trader psychology because a lot of
people when they watch price reversing
on them they will close the trade early
and not let it play out whereas if you
wait to get a notification then you can
check so if we watch this trade play out
right here most people would have closed
their trade they see ah it's so close to
my stop loss i'm just gonna close it and
then you know whatever this was a bad
trade whereas if you entered your trade
left it turned on notifications
you would just let it play out as it's
supposed to play out and as you can see
take profit 1 was hit but not
immediately it was a very slow moving
market on this day so to show you how
long this took to hit take profit 1 3
hours and 40 minutes
think of the things that you could do in
your life with 3 hours and 40 minutes
[Music]
so half of your trade is already closed
and in profit which is a good thing now
again the reason these alerts are so
important is to keep you in your trade
as you have planned you can see here
during the new york open we had some
crazy fluctuations in the market and a
lot of people would have gotten scared
at this point and closed their second
trade or if they only had one position
open they would have closed the entire
position at a loss but if you had alerts
set up which is the most highly
recommended thing you can possibly do
you hit your take profit too and from
this trade you had onus 30 a stop loss
of 50 points and a take profit of 81
points
now depending on your contract size for
your broker that could have been a
profitable trade of eighty-two dollars
eight hundred and twenty dollars or
eight thousand two hundred dollars and
again i'm going to reiterate this the
most important aspect of this is keeping
you in your trades by you not watching
the charts because this would have
psyched you out this would have psyched
you out and this would have psyched you
out if you're struggling with traitor
psychology and holding your trades
set alerts almost every single indicator
has a method for you to set alerts what
you need to do is go into the settings
and play with each one as you like there
are thousands of videos on the internet
to set up alerts on all different types
of indicators so just take the time and
learn the indicators that you're using
if there's a specific indicator that you
would like me to show you how to set up
alerts on whatever if i get enough
requests on a certain indicator i will
make a video on it if not i'll just
respond to the comments and if you guys
would like a full breakdown of this
strategy including the other indicators
that i use to get my confluence for
these types of trades watch this video
right here i really hope you guys
enjoyed this video i hope you got some
value out of it if you have not already
make sure you're subscribed to the
channel by clicking this button right
here thanks so much for watching and
we'll see you in the next video