Computer
Forex Trading Admin BoardSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Forex Trading Admin Board
Over the past 18 years of trading the markets I have always had an admin white board next to my main desktop computer. This has kept me disciplined and methodical in my trading approach. I am very regimented and disciplined and I try as hard possible to limit the amount of errors in my trading. Below is a list of some of the elements that i have on my white board to prepare my self before, during and after trading the markets;
1. Economic Calendar events for the trading day (time, Asset and Importance of the news event)
2. Notes for the day ( What to improve on, how am i feeling,Goals for the day/week/mont, Mission statement, Date.....)
3. Monthly drawdown SOP
4. Risk per trade
5. Risk per capital
6. Individual checklist
7. Orders ( currently in or maybe coming up in the near future)
8. Watch-list ( any assets that may have a potential - Inline with my strategy)
9. and lots more....
I have an extensive amount of information on this board. Listed above is just a quick taste of what it in-tales. Please let me know if you any questions
Happy Trading :)
AMD will continue to rise as Intel Drops for the competition! Intel and AMD are both making industry moves to be the best in processing sales. AMD is in front as of right now but it has also been rumoured to have a AMD chip with Intel technology to help both companies grow together. This is yet not confirmed but it is defiantly an opportunity for the market. having both companies together but having AMD sel this product will grow AMD over Intel. Intel will also grow but Not as fast as to the news it will be a product of AMD not Intel. so keep your eye on AMD over Intel for technology stocks But at the same time watch for confirmation on the new processor created by both.
-Jon Matthews
WDC STOCK CHARTAlready bought the WDC. The price bounced on the 78.50 level completing the bullish bat as expected and the strong bullish candles confirm the correction of the impulsive wave; volume goes down according to the uprising accumulation. This is a sharp moment to joing the bulls as the sin wave announces the beggining of a new cycle.
BUY @ 80.60
SL @ 78.@
TP @ 83.60
WDC STOCK CHART
WESTERN DIGITAL CORP. starts to accumulate; a change in trend might be expected on the 16.06.2018
Let´s be patient and wait for a key reversal level then, instead of buying on the bullish pattern now; it is too early and it could still become a bat since there is no sign of divergence.
WDC STOCK CHARTWESTERN DIGITAL CORP. starts to accumulate; a change in trend might be expected on the 16.06.2018
Let´s be patient and wait for a key reversal level then, instead of buying on the bullish pattern now; it is too early and it could still become a bat since there is no sign of divergence.
Golem (GNT) Undervalued? .....100%+ Long TermHello everyone,
Golem is an amazing project and if you haven't had the time look into it, I highly suggest it. Long story short, the team is incredibly gifted and have been working for some years now. Becoming the largest global, open sourced, decentralized supercomputer that anyone can access, the project consists of the combined power of user's machines, from personal laptops to entire datacenters.
"GNT: The AirBnb for computers."
I am incredibly bullish with this coin, total supply is 1 billion, and circulating supply is roughly 834 million. The Brass Beta just went live on the main net. In my opinion a large volume of new investors and spectators will be joining this project for the long term.
On the overview, I have a couple of short term, (Targets 1 & 2) in highlight as well as my long term (Targets 3 & 4). This is keep in mind with Bitcoins state of being. Stop Loss set at .35, relatively low compared to strong support at (.41). I have also been LONG since (.19). I also see another wave coming in therefore I added more at (.19)
I am not a financial advisor. I am not responsible for any loss/profit. However I am entitled to my own opinion, hit that like button if you agree with me!
I am also open to new ideas and perceptions so if you have anything good to implement post it up!
AAPL Set Up For Short Spread EntryUtilizing our system, AAPL currently has ~76% chance of a trend reversal based upon 3 years worth of price data. Therefore, with a $2 risk to set up for a counter trend entry, AAPL may be ripe for a $145/$146 Credit Spread.
This sets a max profit of 53% ROR/ROI. Stop loss is above the reversal bar on market close.
Implied volatility is increasing due to earnings being just around the corner, so we've looked to sell the April 28 expiration for a decent risk/reward. The one word of caution on this trade though is earnings, as it can be a double-edged sword in the game of trading AAPL. If price does indeed drive downward to begin a potentially strong down-move, IV will drop and we'll close the trade if any bullish reversals show in order to maintain our strong position.
Apple Retrace: Power of Fibonacci!?!?Hello! Apple beating estimates on prices skyrocketed to our 1.382 Fibonacci and appears to be bouncing in between the 1.382 and 1.236. Assuming that the 1.382 is not broken there could be a nice retracement to the 61.8 fib of the total move or possibly even to 50.0 of the move at support before continuing up or coming back down. RSI and Stochastic both support on a 1 hour overbought signal. RSI also supports it on a 4 hour with an overbought signal.
$MGT Looking Very Bullish After Appointing McAfee CEO / (EW)www.cnbc.com
I decided to analyze this stock after hearing about McAfee being appointed C.E.O. and the massive gains that were made that day. On the monthly chart it appears that MGT19.69% may have just completed a double zigzag pattern or possibly a triple pattern (which we can't see because of the 10 year gap in public trading, I've also hidden the data prior to 1995 because it is not relevant to this pattern due to the time gap). If it is a double pattern that would imply up to an 80% retracement, if it is actually a triple pattern then it would imply up to a 61.8% retracement, but it would also mean that the pattern started from a much higher price. For now since we only have consistent data going back to 1995 I am going to just assume that 80% is the max target. Now this obviously means that this stock could increase up to 200,000% from 1.5, so a fortune could be made from just a small investment in this stock . The risk to reward here is very very good. You may lose everything if the company some how went bankrupt (which is unlikely) but the gains of 2000x whatever you put in makes this trade well worth the risk so long as you do not risk too much of your capital. Even if it only gets a small retracement it is still going to be a very large gain because it is at such a low price as of now. It may take a couple of years to finish this retracement but it is very likely to grow massively if this pattern is correct.
Breaking the 0-B trendline as quickly as it has is also a good sign that this will continue going up for at least a few months. The Elliott Wave pattern seems to fit very well. Being that this is the 2nd largest bullish monthly candle that this stock has ever had (and its only the 12th of the month) it is very likely that this is a significant bottom. The yearly candle looks very bullish as well. The momentum on the monthly chart is a massive bullish divergence and has been waiting to play out, I think that it's finally time for it to start gaining some bullish momentum.
McAfee and his expertise in computer security gives this company a competitive advantage in their internet-based applications. The indicators look great and the fundamentals have just had a significant change, this could be a formula for a massive trend change. It will definitely be interesting to see if this count plays out like expected.
pennies to thousands above cloud gap up holding observebologna bands widening get our book pennies to thousands 40 yrs trading to read bologna bands mad crossed stoc crossed rbi good cci and per r upper band
pennies to thousands good candle after dojiabove cloud money flow good look for all our indicators in our book on amazon same name 40 years trading experience
good volume and relative strength
trend running percent r and cci good
strong group