EURNZD Trade Recap, Analysis, Management
Hi everyone:
In this quick educational video, I will go over my 2 trades in EURNZD short. What was my analysis, management and thoughts on this bearish run.
I will always start my analysis from the HTF, looking at what the price action is telling me will give me a better edge to enter higher probability setups. I want the HTF to be clear on the bias that I have on the direction.
Then, using multi-time frame analysis, looking at what the LTF is telling you. Is it showing you the same price action like the HTF bias ?
Wait for the market to give you the confirmation, i.e. continuation corrections, reversal price action structure, LTF impulses...etc that will give you the confidence to enter a trade.
Manage the trade accordingly, move the SL to BE in profits depending on the strategies and style.
Don't get emotional about the result of the trade, rather if you follow your plan, and you made the decision based on what the market and price action is telling you .
Then, repeat consistently for every month, year. :)
Thank you
Analysis
Fundamental vs Tecnical Aanysis 8.22.20 In this video I am suggesting a free service that might be useful to some traders. My trading is technically based, however, I believe there is value to fundamentals... and I explained this in the video. I think the video is worth listening to... and I describe these relationships using the DXY, Gold, Bitcoin... as it pertains to the fundamental analysis offered by this free service. In your pursuit of a successful trading strategy, at some point part of you will try to eliminate any information that seems superfluous, confusing, or causing loss. It is understandable why many technical traders will eliminate the fundamental component. I am trying to argue the need for balance and the process to take in more information in a way that doesn't create more stress if it is done judiciously. Whether you like it or not successful trading isn't just technical... and not just that, having a broader understanding of markets, even if you choose to be a technical trader( which I am )... will more likely enhance your results with a realistic perspective on your part.
Meet Percy - 'YOUR' new Trading E-Mentor - he's cool......Percy is a great guy... he can be a girl too and you can call him or her whatever you wish. I just chose the name Percy, I think its quirky. :-)
BUT ....
Percy can help you like he helps me - Let me introduce you to him.
He tells me when to enter a trade, when to close a trade, what lot size to use - he helps me stay on track when I feel like closing early (Percy hasn't closed so I shouldn't) he helps me ignore them voices of increasing my risk.
Percy works incredibly hard, he has back tested over 4200 trades to help me identify my edge in the market.
Percy is simply a legend, I trust him, I have confidence in him and I follow his lead.
Get a Percy.
Regards
Darren
Can you spare me 17 mins? How we can help you with your trading!We believe and support the idea there are 3 pillars of profitable trading;
1. Strategy
2. Risk Management
3. Psychology
This video is just 17 mins long but explains how we believe we can help you in all of the 3 areas above.
Would love to read your comments, please let me know what you think.
Thank you,
Darren
Scalping opportunity on the 1m/3m/5m timeframes .....Those that like to scalp or want to learn can using our strategy.
Its very clear to see how to follow price as shown - also our members can test using our strategy tester and hone in on the settings and parameters even further. However, this video is just showing standard settings.
Either follow price or use the labels for SL and TP targets.
Part close at TP2 and leave TP3 until the reverse signal or SL to entry, could work too.
Lots of different ways to manage the position once you are in - even taking 15 pips a time would have worked a treat.
Regards
Darren
Blue FX
This is the only video you need to watch today! PROOF of successHi Guys and Girls
I hope everyone is well.
I am personally really excited about this video, our strategy and the community we are building.
I genuinely don't think there are many services that can verify and validate the profitability of a strategy in a few minutes with data for nearly 320 trades across nearly 30 pairs for our May and June to date performance.
We can.
Risking 1% per trade - double account growth - crazy right? Even risking 0.25% is just under a 30% gain. Or just trade less pairs and still get great results - as we show in the video.
In the video we talk about the changes and improvements to V3 - this can be a live trading journal you just need to follow. No need for myfxbook lot size calculations or the Stinu (which is great!) app - we have it all built in automatically - set your balance, your desired risk and as if by magic or some forces from the universe - the lot size you should trade appears directly with the trading signal. #gamechanger
These statistics are also on 'one size fits all' settings which still prove to be great (apart from on 4 pairs) - we know we can improve these a lot more and that is what we are currently working on - this will look like a PRESET pull down menu that does it automatically.
There is no need to leave trading to 'chance' and being 'lucky' or not - we have PROOF our strategy works, watch the video and take confidence, positivity and self belief into your own personal trading journey.
Regards
Darren
PS - Thanks again to Connor and our secret weapon - we call him Uncle Wizard.
May review - H4 TF 4 Pairs +9% Gain at least!A review using H4 time frame and why we use ATR - ATR SL and TP will be built into V3 that's imminent.
EURJPY
GBPJPY
GBPAUD
GPPCAD
Over 9% on the table with 1:2 - even more potentially.
Very easy to trade and less 'noise' on the H4 timeframe.
Regards
Darren
Weekly Recap Part 1Part 1 weekly review.
Explaining our strategy and how to be patient removing the low probability setups.
Part 2 is incoming.
Our weekly stats are posted in our public channel too - done manually but on launch V3 will have instant back testing - to save me time and to prove how profitable and successful this can be.
Regards
Darren
Weekly recap Part 1 - how to be more selective with our tradesWeekly recap, we got cut short at the end so watch out for Part 2!
We are focusing on checking the below to remove moving forward some of the losing trades that weren't valid for last week;
- Did the H4 break the ema cleanly for the new signal to be valid? As shown this was not the case on the GBP Buys for last week so they werent valid or probable.
- Do the candles indicate trading volume, i.e. long bodied candles - or low volume small bodied candles (If so wait for the market to show it's hand)
- Consider the market structure - is this is a pull back, could this be a false break of the ema on the H4 timeframe - if so wait for the next H4 candle to confirm, or wait for the pull back and retest on the H1 timeframe
- When we have a consolidating price structure - consider the use of a buy stop or sell stop order to then catch the volatility in the direction of the signal
- If the EMA is horiztonal and price stuck in range - wait for a new high or new low for the new trend to start - demonstrated in the video.
I hope this helps our members take some more care into their entries - there are substantial opportunities weekly; we are afford to me a little more selective with checking the above.
Regards
Darren
High time frame review and how to use the Strategy TesterHi All
Here we demonstrate the effectiveness again of the H4 timeframe - and also the Daily TF.
We also explain the 'Strategy Tester' Function - something that we are now working on for V3 based on ATR settings for SL and TP targets.
Regards
Darren
Blue FX Weekly recap to dateAn overview of our strategy and the trades we have taken this week and why.
Great trades with members catching great pips.
GBPCAD 150-200 pips
EURJPY 100-150 pips
GBPCHF 100 pips
EURUSD 60-80 pips
USDJPY 150 pips
EURCAD / NZDCAD buys
EURNZD 100 pips
Gold 100-300 pips
EURAUD Sells (not mentionned in video, on Monday we were in sells! - 100 pips)
CADJPY / CADCHF sells
Its only Wed morning!
Regards
Darren
FACEBOOK Intrinsic Value ExampleHere I will show you a method to calculate the intrinsic value of a stock. It is based in the idea of how much money can you squeeze out of a company in the future and bringing that amount to present value.
The first step is to find a company which is stable, that has a somewhat linear stable growth rate.
It is preferred that the debt to equity to be less than 0.5 and current ratio to be more than 1.5.
NASDAQ:FB
2 Minutes Video Tutorial: easyupload. io/to2cyd
Excel File: easyupload. io/uby6z4
REPOCALYPSE NOW!This is serious. Find out what 'REPOCALYPSE' is about. Protect your positions very carefully.
Get real - I don't know when it's happening nor does anybody else.
REPOCALYPSE is not just doom-saying stuff, though it might appear sensationalist. This is reality mates.
Those who keep there heads in the sand and do not take protective actions will be flushed out.
DISCLAIMER: All statements here are over-simplifications of very complex issues, and are speculative opinion. This is not constructed as advice for making decisions about trading in securities. Your losses are your own.
Declaration : This post is consistent with Tradingview's house rules on text-based analyses.