Principles And Elements Of TradingEver wondered why... Do you have those perfect art pieces in the gallery? Those perfect pieces; have a reason they exist in the first place... They also have guidelines followed for them to turn out perfect.
Similarly, "Trading"... We can't all be perfect but, trust me---having the idea makes you really good.
In this video, I talk about all you need to know as a trader... see this as a "starters kit".
Even if you think you are perfect, trust me---you need this!
Beyond Technical Analysis
Mentality - Identify Right or Wrong DecisionHi Traders. Here's a very impromptu topic regarding how do you know if you're doing the right thing or not. Often, most of us fail to differentiate whether are we making the right decisions or not, because of the outcome - profits. One main thing you must understand is that, trading the financial markets are all about the probable & possible. Short-term outcomes are completely random, what separates you from 90% of losing traders, is your trading edge, consistency and emotional detachment. If you are 'lucky' enough to make money not following your plan, are you able to duplicate this into the long-term projection? Ultimately, markets will reward discipline traders, so stick to your plan and keep grinding!
Comment down below what's the worst trading decision you've ever made.
Do not forget to like if you enjoy the sharing. Trade safe and take care.
How to analyze the market from scratch (Impulse & Correction)Hello everyone:
Many have asked me about demonstrating how to analyze the chart from complete scratch.
When looking at my chart and educational video, it all seems very simple, but many are telling me they are struggling to identify the market.
Today I will go over how I analyze the chart, from the Higher time frame down to lower time frame by using multi-time frame analysis, top down approach.
Specifically by identifying price action, impulse and correction phases of the market.
1. Start from the Higher Time Frame (HTF): HTF can be any time frame higher than the daily chart, such as monthly, weekly, daily.
Personally I like to use daily as a go to time frame as it is widely used by traders.
2. Identify the impulse phase of the market. Understand the impulse phase is a period of fast momentum,
price is either pushing up or down very aggressively, and not much consolidation visible on the HTF.
3. Identify a period of consolidations. Using trendlines, connect the swing highs and lows of the price.
This is to identify the correction/consolidation phase of the market.
Which is the most important aspect in price action analysis.
You will need to be very knowledgeable on the type of continuation, reversal correction patterns/structures the market usually will form.
(I will share many price action patterns/structures that I identify and use in the market below)
4. Once you identify the HTF phase of the market, you will then go down to the Lower time frames (LTF).
LTF can be anything under 2/1 HR, 30/15 Min charts. It's not a specific time frame, rather “Multi time frame analysis”.
You will also identify the impulse phases & Correction phases on the LTF and use trendlines to connect the swing highs and lows of the correction/consolidation phase, just like what we did on the HTF.
5. Now that you have both the HTF and LTF charts drawn out, the key here is to have both the HTF and LTF tell you the same direction/bias.
They should align up and have the same bullish/bearish bias. This will strengthen your probability of success.
I always make sure when I am about to enter any trades, I want the multi-time frames all telling me the same story. Same bias, same direction.
6. Now all that comes down to is forecasting the possible entries, which I have made many videos on this topic and I will share some below.
Understand you would always want to make sure you are either entering during the impulse phase on the LTF,
or the price is about to start the impulse phase to gain the upper hands in the market.
You do not want to enter when the price is in a consolidation which is why many traders end up losing money, stuck in the correction and price isn't moving too much, rather just sideways.
7. Continue to work on analyzing the chart from scratch, get comfortable at identifying the impulse phase in the market,
and do backtesting continuously so you identify the corrections in the market.
This will make you see the chart and the market completely different than before, and you will have a much better probability of entering trades that work out in your favour.
Any questions, comments or feedback welcome to let me know.
Jojo
Below I will share many educational videos that will help you to understand more on price action analysis, impulse/correction phase, entry, forecasting, backtesting and more.
Continuation and Reversal Correction
Identify a correction for the next impulse move in price action analysis
Multi-time frame analysis
Continuation Bull/Bear Flag
Parallel Channel (Horizontal, Ascending, Descending)
Reversal Ascending/Descending Channel
Reversal Rising/Falling Wedge
Reversal Double Top/Bottom
Reversal Head & Shoulder Pattern
Reversal “M” and “W” style pattern
Reversal Impulse Price Action
Continuation/Reversal Expanding Structure/Pattern
Risk Management: 3 different entries on how to enter the impulsive phrase of price action
Risk Management: How to Enter and set SL and TP for an impulse move in the market
Risk Management: When/How to move SL to BE and to profit in a running trade ?
How forecasting can benefit your trading journey
Backtesting & Chartwork on Forex Market
Backtesting & Chartwork on Indices Market
Backtesting & Chartwork on Crypto Market
How & Why I backtest:
MY EASY TRADING VID-3 TWO WINNERS TRADES ON GC AND NQ hello friends,
first i want to appologise about my long video but it was necessary, just be patient with me and you will apreciete my strategy,
more than 1000$ in just less than 10 minutes.
the secret is : entry in the ideal time, with big probabilty to win and specilly have confidence on your strategy because the market always try to reverse you and put you in a mess.
thank you
When Not To Trade A Currency PairDo you know what it looks like when you don't have a trade? Let's face it, there are a lot of videos that tells you when to place a trade or how to trade, but not when not to trade and that is what I'm showing you in detail today.
I hope you enjoy my mini Ted Talk, I mean mini lesson.
How To Avoid Trading In Choppy MarketsHi Traders. In this workshop, I'm going to discuss a few ways to avoid getting sucked in the choppy condition. Most retail traders are good at making money during trending market environment, but only to give them back during a choppy condition. If you're one of them, it is crucial for you to stop doing it as it would sabotage your long-term expectancy. To become a consistently profitable trader, it's not just about making money, but also to avoid losing money. Always be mentally prepared, when the market volatility contracts, simply stop yourself to trade without an edge and avoid trying to guess where the market is heading next. Let the markets do whatever it wants, if it's not moving, it is not moving. If you're constantly eager to get involved in the market, most of them time you will tend to get caught taking setups you aren't supposed to take. Quiet markets gives you time to preserve your capital, then get prepared for the next trending environment.
"I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have." - Paul Tudor Jones
Comment down below your experience in trading the choppy condition.
Take care and trade safe.
Crypto Explainer - What is Solana (SOL)?Solana is one of those projects that shined recently. The price of its token SOL shot from a low price of USD 20 all the way to the current ATH of more than USD 200.
Let's talk briefly about Solana and check its price-action.
Invest responsibly, and always do your own research.
CryptoTicker team
4 Market Stages Every Trader Should KnowIn this video, I explained in detail the market stages.
Note: You have to watch it to correct your---trading mistakes.
market stages: a2d2=hr
1st: accumulation. . .(market gather/looking for buyers). in this stage, stop-hunters are usually out to hunt.
tips: watch the trend and avoid the first breakout.
2nd: advanced. . .(buyers won)
this stage—the confirmation has been made.
tip: to get in—know thy MS
3rd: distribution. . .(range starts, product exhausted—where are the damned sellers?)
we are in need of more supply.
tip: avoid the range!
4th: decline. . .(oops! supply needed, bad economy—inflation. . .might be anything) we just down big time.
tip: “buy the dip!” nah. . .scratch that!
invest in the dip. cos’ as traders we win either way
for more on trading, follow me!
The Most Common Mistakes in TradingHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
In today’s video, we will be looking at the most 3 common mistakes that traders do.
Now everyone makes mistakes but I have noticed that a lot of people make these mistakes again and again and they always wind up losing trades because of these mistakes.
Here are the most common mistakes in trading :
I hope that I was able to help you understand these mistakes better and if you have any more questions don't hesitate to ask.
This is not Financial Advice its a pure Educational video.
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 and 3 , Classic Chart Patterns you need to know.
links will be bellow
Managing Negative Emotions - Psychology of Winning TradersHi Traders. When it comes to trading, psychology is often the biggest pieces among strategy and risk management. In this workshop, I will be breaking down 3 of the most common emotional issues happening on most retail traders. To becoming a consistently profitable trader, it's never about eliminating emotions. Emotions are biological not psychological, it exists within our body system, which cannot be removed completely. But what you can do is to condition your mind to organize its performance, and reduce emotions to the least possible.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
3 Trading Tips You Need As A TraderToday's video is about—3 #trading tips i’ve learnt…you need growth as a trader?—do this.
*mastery > remember jack?…you want to be a master of none or one?
*execution > i…they…you…we…well consistency is key.
*exit comes before entries > do you know when you’ll be leaving? if not—why enter?
Watch this clip to get the gist. . .
Learn To Identify The Variations Of PullbacksLast week, I spoke about the types of pullbacks (check related links)---Today, I will be talking about its variations.
Pullbacks have four variations: rbr, dbd, rbd, dbr.
You'll have to watch the video. . .learn its uses. . .and tell me what that has done to your view on the market.
Have a great week---everyone!
What Is Capital Partitioning ? How will it help you as a trader?Hi everyone:
Let's talk about capital partitioning, which is a risk management approach for consistent traders to utilize to allow them to leverage their capital.
You may ask what exactly is capital partitioning ? well to simply put it in words, it is basically divide up your trading $ in the current trading account into 2 or more sub accounts.
So what's the point of doing that you may ask ?
Well, with leverage, a consistent trader does not require to have their entire money deposit into one trading account.
They can allocate the asset into different trading accounts to reduce risk as well as trading different markets available
Let's take a look here:
Say I have a $100,000 trading capital. I understand risk management, trading psychology, and will not over trade, over risk and revenge trade.
Hence, it's in my best interest to divide the $ in this account into a different accounts, or simply in a liquid-able account such as a savings account, stocks, bond..etc
Here are a few scenarios that you can implement into your trading accounts.
Understand that the % to allocate, what other trading accounts to deposit $ into, and how to move around the $ is totally up to you as a trader.
The most important is to make sure you are a consistent trader before you approach this type of method.
As more accounts you divide your capital into, the more % you will need to risk per account as you need to open bigger position sizes now.
Any questions, comments, or feedback welcome to let me know.
Thank you
I will share other risk management educational videos that can be helpful for you.
Risk Management: When/How to move SL to BE and to profit in a running trade ?
Risk Management: How to filter trading opportunities if multiple setups are presenting entries:
Risk Management: 3 different entries on how to enter the impulsive phrase of price action
Risk Management 101
Risk Management: How to set a Take Profit (TP) for your trades
Risk Management: How to Enter and set SL and TP for an impulse move in the market
Risk Management: How to scale in the impulsive phrase of the market condition?
Risk Management: Combine everything you learn to prevent blowing a trading account
Crypto Explainer - What is Bitcoin (BTC) + Price AnalysisAlthough Bitcoin is very well known today, many still don't understand it fully. Here's a quick explainer of what Bitcoin is, why the big fuss about eco-friendliness is surfacing and affecting its prices, and what's happening with Bitcoin's price.
Bitcoin is a decentralized digital currency that can be sent from user to user, without any intermediary. The Bitcoin token runs on the Bitcoin Blockchain, which facilitates the transfer of those tokens thanks to a peer-to-peer network. In order to maintain this infrastructure, miners (aka distributed computers) make sure transactions tally and are processed correctly. In turn, they would get a small fee from the transaction they processed.
There are many debates about “inefficiency and eco-friendliness” in the crypto community today. And that’s the main weak point for Bitcoin. This year 2021, Elon Musk criticized Bitcoin, saying that it is unsustainable and bad for the environment, as miners who maintain the Bitcoin blockchain require a tremendous amount of electricity.
On the other hand, what if Bitcoin mining improves and we find more efficient ways to mine in the future? Any improvement in the fundamentals leads to better Bitcoin valuations.
This dilemma paved the way for other altcoins to emerge and solve this scalability problem. But Bitcoin remains the biggest cryptocurrency by market capitalization, as its valuation surpassed 1 Trillion recently.
Invest responsibly, and always do your own research.
CryptoTicker team
So You Wanna Trade Full Time... Is it Possible? A Good Idea?I walk you through my thoughts on the dream that most traders have: doing it full-time!
I give you my personal experience and how I've tried things in the past. What I'm doing now and what works for me.
Key takeaways:
- The trifecta: access to capital, good strategy, cost-of-living. You have to solve for 2 / 3 of these!
- You can't buy peace of mind. Have other income streams to mitigate the risk from your trading not going well for periods of time.
Learn To Identify The Types Of PullbacksIn this video, I talked about the types of pullbacks and how to identify them. These pullbacks are the reasons why some traders get caught in the accumulation mix from the big banks. so learn to identify them to be amongst the 1%
Remember Trading is risky but learning reduces its risk.
cheers,
luchi!
Engage : Money Management in TradingTribute Video to my 12000 Followers on Trading view.com
“Successful trading depends on the 3M`s – Mind, Method and Money. Money refers to how you manage your trading capital.“ – Alexander Elder
This Video I talk about Money management and tips.
Concept taken from Steve Burns @SJosephBurns article on Money management.