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Focus On What Matters The Most... Trend Trading!Sometimes as traders we tend to focus on every little move and get overwhelmed with price action. I personally believe making your charts simple is the key to success! 1. Trend Trading 2. Risk Management The 2 things that matter the most by far when it comes to trading. You as a trader need to step away from focusing on every price action move in the markets, and focus on trend. Trying to be overly aggressive on trying to capture exact bottoms and exact tops will only lead to more stress. With trend trading we can filter out a lot of the noise and focus on what matters the most! Here we look to buy or sell when all 3 charts line up the same color to identify bigger moves in the markets. This is good for both swing trading and daytrading. The reason a lot of traders FAIL as daytraders is because they get lost in all of the noise on the lower timeframes and also try to play every breakout. If you just focus on trend you will have a better chance at becoming a better trader. We than manage our risk whenever we do get a trend chop and learn how to get out of a trade and not let them run against us. Trend + Risk Management = Happy Trader 😁
CME_MINI:ES1!Education
by UnknownUnicorn2319099
3
Boeing Needs To Hold Here... Or It Will Get Ugly!Ever since I got rid of this long back on june 8th for a 58% gain, it has only collapsed. Now I'm interested in boeing now that we have some major structures to play with since the correction from the lows. Now we can identify major levels of trends for support and Resistance to play for our next entry. You can play both sides of the market for boeing at this 158$ price area as it is testing a major level of upward support for an aggressive play. Keep in mind that the larger timeframes like the 3 day continue to bleed out red on all indicators. Personally if I was going to attack long here I'd scale in with a small position. I'm more in favor of letting it play out some more and see how it reacts based off the indicators. Keep in mind that the dow is also under pressure currently which we could factor into the market overall. It will all come down to Monday market open to see how the orders stack up.
NYSE:BA
by UnknownUnicorn2319099
3
Best Times To Play The Markets, Swing Trader Perspective.Here we have a chart of Nikkei 225 index on a 3 day chart. Nothing is more powerful than identifying potential trend reversals, notice that I said "potential". Nothing is guaranteed when it comes to trading, you will never be 100% winning in the markets. The only edge that you have when it comes to trading is identifying trend accumulation, distribution and risk management following an overall trend. If you apply S&R to a 5 min chart vs 1 week chart, which ones levels do you think will play a more valid role in the markets? The weekly will 100%! You better be a trained professional and have a good track record of experience if you think you're just going to show up to work everyday and try to scalp every single little move sitting in front of the monitor 24/7. I personally 100% believe the big picture is where it all counts. I believe the proper way to trade the markets is to use it as an investment vehicle to work for you over time. This is why on most of my charts you will see I'm a fan favorite of the daily chart and up. These timeframes are critical to identifying the major trends in the markets. You will be chasing your tail more than anything in a 5 minute timeframe and most likely realize why trading has such a high failure rate. Let the trade come to you! If you can learn how to manage risk and not let a bad trade get away from you, then you are already one major step ahead of the pack of failing retail traders. You see... this understanding to cut loss quick is more important than anything you will ever learn from the markets. The mentality of most retail traders is the famous "I want to get rich fast" mentality. When a trade goes against them, most have a tendency to hold onto that position with hope's to recover... this is how most blow their accounts. A lot of traders with this mentality tend to think they need to borrow money that they don't have from their broker, as if having more working capital will get them richer faster. If you can't trade with $25 in your account, chances are you probably don't need to use $25,000 to trade with. Most traders learn to become impatient with the market and use the lowest of timeframes where most of the noise in the markets occurs. Are their success stories of traders that made it as daytraders? ABSOLUTELY! I'm sure they went through years of training and learned to correct their failures. You can't let the markets beat you up if it goes against you and call it quits. You have to stay consistent and let every failure become a valuable learning lesson. It's going to take time, this is one of the hardest jobs on the planet if you choose to make it hard. ---------- So what do I look for? Like I said above I focus on trend trading from a technical analysis stand point. Observe the candles on the chart above. Green is buy pressure and red is sell pressure. Big bricks stronger pressure and compression doji bricks are weakened pressure. My goal at the end of the day is to look for the trend transitions at points of exhaustion. Notice how at the bottom of the crash the bricks began to compress to form a doji that shifted green, That's my transition. Look below and see the ema dots then also shot green and the custom rsi left oversold territory. That is your opportunity. You will manage your risk at these turning points. If you take a small hit and get stopped out, oh well. You managed risk and didnt let a trade get away from you. You can't control the market, you can only walk with it and not let your ego get in the way of trading. Now you see that we have tight compression forming up top of this major trend reversal from the bottom. Ema dots going red and the custom rsi is shifting down from overbought territory. These are the ideal times I look to trade. If I drop down to a daily I see that we have a valid Resistance level as price rejects off of it based off previous level. Will this Resistance hold strong to selloff? Who knows! The market makers will create the next move, not you. You have to play both sides when the time occurs. That Resistance is my edge. Price goes up and price goes down. In order for the price to go up or to go down it needs to transition in a sideways manner to accumulate or distribute in any market. My best chance of trading is finding these major potential reversal points, especially ones like this with such a tight compression and managing my risk. I will risk a small amount on a stop and diversify my portfolio. The market will not trend sideways and flatline forever. All you need to do is find these trend reversals, manage tight risk in anticipation to capture the next major trend. *This material is for educational purposes only
TVC:NI225Education
by UnknownUnicorn2319099
4