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Beyond Technical Analysis

Trade Recap - XAUUSD, EURJPY (+2.5R)Hi Traders, here's another Trade Recap for today. Took a total of 3 positions. Yes, although I still closed out the day for a decent profit, but making money doesn't necessarily mean I'm doing the right now. The first short position on EURJPY, which I got out at Breakeven (+0.6R), was actually closed out very unnecessarily, could've held it for about +7R if I did not overthink on this position. Although I did get a re-entry afterwards for about +3R, but still, could have be much more disciplined today.
OANDA:XAUUSDEducation
by TraderNeoh
The Fine Line Between Trading VS Gambling - Important LessonHi Traders. This is the video edition of yesterday's workshop. I genuinely believe this is one of the very important topic that we MUST all learn - identifying the distinct differences between trading VS gambling. Recap Most Traders put way too much attention on indicators. Indicators are supposed to assist us with our decision making process, but if at any point you feel like some of the indicators are burdening OR paralyzing the way you make effective decision, then its probably time for you to eliminate them, At certain of your trading journey, you'll need to focus on subtraction, rather than addition. Novice Traders come into the market with the mindset of "I want to learn and know as many things as possible" , all they're trying to do is to absorb like a sponge. Experienced Traders understand that less is more. The more you know what's not for you, the better you perform, and the better you're at avoiding distractions. Do you really think anyone can be successful purely through knowledge and experience? and does knowing more means you're more knowledgeable? What is the true definition of knowledge? The way i define a wise person is when they understand what's good for them and what's bad for them. The secret of trading success lies in Principles. The way you create a plan, rules and principles, then execute them relentlessly. Remember: The fine line between a Gambler and a Trader, is a plan. Gamblers gamble without a plan, while Traders gamble (anticipate the future) by having frameworks, plans, rules, and principles.
OANDA:XAUUSDEducation
by TraderNeoh
3
Become a better trader by just answering these questions!Hey Traders! Most people think that trading success is found within a system... yet a successful trading system could be something as simple as 2 or 3 basic combinations, knowledge of price action and a sprinkle of instinct. To me successful trading is a completely different path, I believe that real trading success falls into one sentence which is "Constant and never-ending improvement", self-improvement that is, and in today's post, since it is the weekend, I want to go over this core improvement process with you so you too can become a better trader next week! First to make it clear, I believe that out of the 100% required for trading success the system part falls into the low 10%, while the other 90%+ is within you, it is your knowledge, knowhow, instinct, mindset and everything else that makes you... you. The system is something you learn once and all you have to do is follow it forever with consistency and focus, sounds simple right? It kind of is but we humans tend to make it complicated. Anyway, its Saturday the 9th of July and I want to give you 6 questions that if you answer will make you better by at least 1% right away, but if you continue to answer these questions each time you will, guaranteed no matter what (as long as you are honest) get better by 1% each time, how much better you become in entirely up to you, and by that I mean how honest you are and how consistent you are in answering these questions! So, without anymore delays, here are the 6 questions that can make you a better trader: What was my biggest loss and why? What was my biggest profit and how? What was the best thing I did this week? What am I most excited about for the upcoming week? Did I follow my system on every trade? Was I in control of my trading, mentally, every time I traded? BONUS QUESTIONS: What prevented me from doing better? What motivated me most? What will I not repeat next week? What will I repeat next week? What do I want to remember it for? What is the best highlight? What do I regret not doing? Do you have any of your own questions that could help other traders? - Do share in the comments!
BITSTAMP:BTCUSDEducation
by PrimedGroup
How To Trade Probability Ranges The Critical Rule of 1/3Using the Rule of Thirds to Master Probabilities in trading and investing ranges -------------------------------------------------------------------------------- Stocks typically remaining in consolidation ranges 70% of the time while trending the remainder. Using the rule of thirds, we can use statistics, prior price action and the probabilities of success to determine when to enter trades where the odds are stacked in our favor. 1) We start by finding a stock that is in a consolidation range, and identify the nearest important support and important resistance levels based on your targeted trading timeframe. 2 ) We take the range between the support and resistance levels and divide it into thirds, so we have three zones within the consolidation range. 3) When going long, you want to BUY the stock when it is within the bottom third or the zone from support to the 1st third level. Once you buy, your objectives are to hold during the middle third of the range, and sell during the top third. When you buy in the first third, this gives you a 66 percent chance of success. If you buy in the second third of the range, you only have a 50/50 chance of success. Going long in the top third of the range, gives you only a 33% chance of success because you are already close to the resistance level. When going short, the sequence and odds are reversed. You sell during the top third of the range, hold during the middle third and exit in the bottom third. This again gives you a 66% chance of success when you enter in the top third, 50/50 chance if you enter in the middle third, and a 33% chance of success if you enter in the bottom third as you are already close to the support zone. ****Using this simple trick, you can quickly evaluate trades based on probabilities and selectively enter trades where the odds of success are the highest and avoid likely losing trades. The rule of thirds also also gives you the confidence to continue to hold trades based on previous important ranges, and provides clear levels where the stock is likely to either reverse or start trending. Hope It Helps to your Trading & Investing Success Marc
FTX:MATICUSDEducation
by PowerIndicators
9
Risk Control - Think Beyond The BasicsHi Traders. Let's talk abit about Risk Control/ Risk Management today. I believe most Traders may be thinking that Risk Management/ Risk Control is about - Having a pre-determined risk (% Risk-per-Trade) - Having a Stop Loss Well, that's correct to a certain extent. But if you really think about Risk Control, do you think its really all about that 1 - 2% risk per trade? Look, most of us got the meaning wrong. Let me share some examples: 1. You took 3 losses on GBPJPY, all 3 of them are shorts with the same trade setup. Yes, even if you are only risking 1% per trade, but aren't you now risking 3% on the same setup? 2. You took 3 positions (GBPUSD Long, AUDUSD Long, EURUSD Long). All 3 of them are positive correlated, so if one of it goes wrong, it is likely that all of them will be wrong. 3. You took 5 positions at the same time. Why do you have to expose yourself to that amount of risk? The point I'm trying to tell you is, often we really do not have to put ourselves at that high level of risk to generate a decent return. The way i do it, is i enjoy taking one trade OR maximum two trades at a time. So instead of having the frustration to worry about all those correlation. I make sure the positions I'm involved are almost non-correlated. Then if any of my position goes well, I can always scale into it. In that way, I maximize my winner, minimize my loser. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
KRAKEN:BTCUSDEducation
by TraderNeoh
Visualizing Time Frame ContinuityThis is the simple version of the visual exercise. You will be looking at the relationship between price and TFC on the 1 minute chart as it interacts with the opening of the 1 Hour candle 1. Choose a 1 hour candle. Here I chose the 12:30 to 1:30 candle on the 27th of June 2022. (Candles with wicks will be better for this since they are range candles and tend to move across your line more) 2. Draw a line marking level where the 1 hour candle opens. 3. Go to the 1 minute chart. 4. Draw a box from the first 1 minute candle to the last 1 minute candle inside that 1 hour period 5. Using the replay function on the 1 minute chart go to the first candle on that 1 hour block and hit play. 6. Watch how every time the price is over the line you drew, the indicator shows the H as green and with (up) TFC and when its below its down and red.
NASDAQ:TSLAEducation
by JCX2099
How To Analyze Any Chart From Scratch - Episode 8Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on KCS, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
23
Trade Recap - CADJPY, EURJPY, USDJPY (+1.8R)Hi Traders. As usual, just some of my trade recap today, net off a positive 1.8R, extremely grateful for that. I believe this is one of the best way to boost most of your trading performance, is by watching me explain step by step, what's my thought process on each of the decision I make on a daily basis. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Education
by TraderNeoh
How To Analyze Any Chart From Scratch - Episode 7Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on MANA, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:MANAUSDEducation
by TheSignalyst
23
How To Become A Profitable Trader: Part 1Hey guys! Today, I'm launching a video series about how to actually make money in the markets. This is the first video. At this point, it's a cliche, but I'll say it anyway: The first step to making money is not losing money. So many people lose money by committing unenforced errors. This video is simply about helping people see the obvious mistakes they are making, from the perspective of a professional trader who's been at this for 6+ years. One note: when talking about leverage, obviously with FX you may want to use some leverage because the %ATR is so low. But keep it under 10x. In the following videos, I will touch on: - How to understand trading any market on any timeframe - The basics of how to make a trade decision - Simple strategies I know work, and have seen work over a long period of time Hopefully you find this useful. LMK in a comment! -AW
NYSE:XYZEducation
by PropNotes
123
Improve your trading skills with PTAHey Traders! In this video we talk about Post Trade Analysis which we believe it probably the best way to develop your trading skills, trading system and general instinct of trading. Today we traded the DAX for 2 hours with complete focus, focus is a vital requirement for trading success as it allows you to be present and disciplined to follow your trading rules and system. The video explains some things we did good and some things we did bad, of-course the good should be repeated in the next trading session, the bad either improved or removed! Do you do post trade analysis? - Let us know in the comment section below! Have a fab day!
OANDA:DE30EUREducation
by PrimedGroup
2 Steps in Drawing a Downtrend Channel A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel trendline Rule 1 – First the downtrend line Rule 2 – Then, its parallel Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT_MINI:MYM1!Education
by konhow
39
How To Trade Double-Top/ Double-Bottom?Hi Traders. In this workshop, I'm going to talk about different angles you could trade when it comes to trading this simple Double-Top/ Double-Bottom reversal pattern, and what are some of the common mistakes made by most traders. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
OANDA:XAUUSDEducation
by TraderNeoh
How To Know If You Are Being Stubborn Or Rational?Hi Traders, welcome back to another educational video. We're all humans, we all have times where we are being denial to the truth being slapped infront of us. Have you encountered times where you clearly knew the market have high chance of moving into certain direction, but after awhile, you're either not making money from it or not gotten into the move at all? Have you faced situations where you get stopped out once, twice, thrice.... but still refuse to accept the fact that you could be wrong? The key point to consistent profitability is flexibility. Two thumb rules i remind myself every day 1. Do not fight against the market - own eyes 2. Do not fight against my strategies The best traders out there are not the smartest, but they are those who have strict discipline and processes to maintain themselves at a high level of performance. Now, review your journal and look back at your losing trades. Ask yourself, how many of them are due to revenge trading OR trading on tilt? How much i would've gotten better ONLY IF you removed those bad habits? Hope this short workshop will help you to improve your overall performance and re-frame your mindset. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
KRAKEN:BTCUSDEducation
by TraderNeoh
4
GBPJPY Trade Recap - Missed Out 8R Due Tight Stops (Lesson)HI Traders, in this Market Recap I'll be sharing my today's trade where i had my SL slightly too tight, ended up causing myself to miss out a 8R - 10R trade. This Afternoon right before London open, i noticed that GJ is pulling back to the 0.5fib level, which is where i believe there are potential further selling opportunities as the overall flow is Bearish. I noticed the first rejection, I then waited for the second trigger candle to confirm that sellers are stepping in. Got into a short position after I saw a Bearish Pin-Bar on the 3min chart, had my SL set several pips above it. Got stopped out not long after as price suddenly spike up above the my trigger candle (Pin-Bar), only to watch the market run into 8R profit. Myself and NEO-Trading, I'm always here to share the maximum transparency, the reality of full-time trading. There are times where you get into good trades, bad trades, or trades that you mismanaged. Hope you learn from this lesson, and always make sure to set your SL at a reasonable level where your strategy tells you its nearly impossible to be hit. NEVER set your SL based on RR as in that way human brain will have the tendency to tighten in to maximize rewards, which might ruin your expectancy as you're not following what your strategy data tells, but rather the P&L. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Education
by TraderNeoh