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Consistency

nas100 analysis (08 aug - 13 aug)nasdaq has been in an uptrend for just over a month now so the chances of it continuing with this trend are highly likely and as seen by my analysis... 1. on the daily it broke above the downward trendline 2. market retested both the trendline and broken resistance on friday 3. entries can be taken if prices comes back down to the support level or if it breaks the daily resistance possible that market can just turn bearish but i will wait and see what happens on the next trading day but my current bias is bullish
NLong
by K0KETSO
Shocking Truths about Trading no one talks about EP1.After 5 years of self-educating myself in the art of trading while undergoing brutal consistent losses, these are the truths that set me on the path of surprising consistency after internalizing them.....I hope it will for you guys and give more inspiration to the already consistent ones. Shocking Truths no one talks about in trading: 1. You may have the best strategy, signal provider or learned everything about trading, but what counts is what happens to that knowledge 5 seconds before pressing the buy/sell button. 2. What is Mathematically optimal is Psychologically impossible. If you have a strategy that gets wins of 25R but has like 12 losses in a row, DUMP IT. Mathematically, you will make money at the end, Psychologically you will quit before you take trade 13. 3. You start winning in trading when you believe you can lose (Trading Paradox). Consistently profitable traders have one thing in common: they place their next trade like it was already a loser. 4. Extremely good analysts are most often bad traders....you can be right about the direction but fail in the critically important aspect of Entry timing and still lose the trade. 5. IT IS THE SIMPLE THINGS THAT WORK!. Most people will tell you to look for complex strategies that look for "Random walk algorithmic discrepancies that rhyme with Chaos theories....and all that blah..." But I have been on that path and I hate to break it to you that a guy/girl using only support and resistance and simple moving average crossovers with a verified and bactested edge and discipline will most likely be more profitable. 5. THE MORE OBVIOUS A TRADE IS THE GREATER THE CHANCES YOU LOSE IT. Most people think that if a trade has soooo many confluences it is more likely to work....well that might be true to an extent after which it is a blatant fallacy. From historical data and my own personal LIVE trading results, the probability of a trade working out reduces DRASTICALLY when the number of confluences crosses 5. I theorize that this happens because market makers will see all the orders placed at that point is soo much(cause everyone will see the opportunity with their different approaches) and take them all out. 6. No one can sell a money printer, cause it has no price. If someone offers to sell you a robot or STRATEGY that triples your money every month, laugh and pass, if you don't and end up buying that....you deserved to be scammed. Think about it the person can just take $100 and apply his/her magic to it and print out Elon Musk's networth in lower than 3 years using compounding......and he/she will sell you that for $2000?, you must be kidding me!. 7. Your consistency has nothing to do with your strategy but your mind. I can bet you my life's earnings, that there is someone out there, using your exact entry and exit rules but is profitable and you are not. A better strategy brings in more profit, but any random edge with the right mindset and risk management MUST be profitable. 8. Almost everything in life is a pyramid-scheme, & survival of the fittest and trading is not left out. No matter how much we desire to the contrary, it is IMPERATIVE THAT TRADING HAS MORE LOSERS THAN WINNERS. The winners in trading have to be relatively fewer cause they win a lot and hence they need soo many losers to give them that money. There is no bank that hands at money to you when you win, your job as a trader is to outsmart some other fellow and TAKE his/her money and once you come to terms that every dollar lost by you trading, is a dollar gained by someone else in this zero-sum game, you will realize only YOU has got your own back. 9. You can NEVER completely eliminate emotions in trading but you can set rules that allow you trade only when you are at your optimal state, and gives you a day or two vacation when you are down. 10. Reading this article will definitely NOT HELP YOU, it is remembering it the moment before you place your next trade that will. Pls LIKE and Subscribe, I want to know what you think about this article and which point you agree with the most or disagree with. Tell me whether it helped you in any way and if we get 50 likes and 20 comments I will consider making the next episode.
BITSTAMP:ETHUSDEducation
by LexyenHille
3
Learning This Pattern Will Change Your Trading Forever.I trade from a strictly fundamental standpoint. The reason that 95% of traders are failing is because they are simply looking at a chart. The catalysts behind the movements of the chart and the why behind what's going happening on the charts is the news. Technical Analysis can only be applied properly once you have an objective, data based bias on the market. I call this pattern the market maker news pattern. Depending on whether or not it is a bullish or bearish day, this pattern can be found all over the charts on any given week. It happens on every chart. When you understand the why behind this pattern and can recognize it while it is happening, you will be able to catch massive moves in the market that happen very quickly. I hope this helps you grab a billion points and pips! Blessings to you and your trading!
FX:NAS100
by jefferytheartist
3
What Does Consistency Mean In Trading ? Hello traders: Today let's talk about “consistency” in trading. Many traders understand they need to be consistent, but what exactly is consistent in trading ? To me, it's not just making consistent “profit”, rather it's being consistent with your trading strategy, risk management, trading psychology, mindset and emotion. Let's take a look at a few examples of consistency in trading: Consistency in profits: More often traders think about hitting a set amount of % return in consistency. This is certainly one way to look at it, but I would say to challenge ourselves to do more. Each and every month, the market will develop differently, hence our profits are not gonna always be the “same” each and every month. Some month with more profits, some month with more losses. We need to have the ability to stay “consistent” no matter what the market condition is. Consistency in strategy and Trading Plan: Remember, there are many different trading strategies out there. The ability to stay “consistent” with your current trading strategy, and not jump from strategy to strategy. Even if your strategy right now isn't getting any entries available in the current market condition, while others are entering trade, you need to stay consistent with your strategy and let the probability play out. Understand no strategy can catch every move in the market. Some will catch this particular run, while others will catch other developments. Consistency in risk management: When you are at a series of drawdowns and losses, the ability to stay “consistent” with your risk management. Not risking more than 1%, not entering more than 2-3 trades at a time. No revenge trade, and/or over leverage trade. Respect your SL and honour the SL. More often traders fall into this stage while they take a number of losses and throw their risk management out the window. Consistency in mindset and emotion: When your strategy isn't playing out on a short term, the ability to stay “consistent” and not to start randomly taking trades based on FOMO, Greed and emotion. Sometimes traders get impatient and feel like waiting for setups to happen is a hassle and they don't want to wait. This is when they start to rush their trading journey and backfires on them. Consistency in your goal: Set goals for your result and progress. The ability to stay “consistent” with yourself and don't let external factors like social media, fake guru, scammers affect you and your goal. If you plan to have 5% per month profit, then don't let other people affect you in a negative way. Everyone trades differently, and with different strategy, method and approach. No need to compare and compete with others, rather, with yourself each and every year. Below I will forward some good educational videos on the above topics that we have discussed: Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Risk Management: Combine everything you learn to prevent blowing a trading account
Education
by jojofang0901
17
Gold Longs On 1H close about 1898 Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the upside. 15M TL is valid waiting for break and retest however I did enter longs already with stops at 1895.4 If you like the idea be sure to follow for more trade setups. I would love to build a community of professional traders strictly watching gold . I do dable occasionally into gold GJ but other than that you too should be focusing on mastering one single pair or indices.
OANDA:XAUUSDLong
by iNtuNeFXMarkets
4
Potentially LARGE GOLD MOVE INCOMING! URGENTHello traders thank you for viewing another one of our video breakdowns of XAUUSD . We will always provide our community with daily updates and current status of gold . Currently looking for XAUUSD to continue its bearish trend down into the 1932 levels and potentially much lower on a break and close below 1941. IF not we will hold the pennant formation for a push into 1960 range and will have to update from there. From there I will update you on my bias for the intraday trades throughout the week. I may not be able to post once it gets down there as I will be asleep but we are looking for buys again out of that region with some red folders coming up for news tomorrow. We can certainly see another volatile day out of gold! As always set your stops set your takes and be sure to always use proper RR! Thank you for your support!
OANDA:XAUUSD
by iNtuNeFXMarkets
1
XAUUSD Overall Analysis Hello traders thank you for viewing another one of our video breakdowns of XAUUSD. We will always provide our community with daily updates and current status of gold. Currently looking for XAUUSD to continue its bearish trend down into the 1964-1960 levels. From there I will update you on my bias for the intraday trades throughout the week. I may not be able to post once it gets down there as I will be asleep but we are looking for buys again out of that reigon with some redfolders coming up for news tomorrow. We can certainly see another volatile day out of gold! As always set your stops set your takes and be sure to always use proper RR! Thank you for your support!
OANDA:XAUUSD
by iNtuNeFXMarkets
2
BUY NOW and set your year RETURN. Hi traders, USD loosing strength due to the increase of interest rates. that will not only affect the currency short term but long term, consequences of Inflation. currently many central governments are raising interest rates and according to their monetary policy, we can expect the price to behave emphatically. -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Long
by BlaiseThewinner
2
educationalA detailed explanation of the harmonic model SHARK 🦈 The Shark model was discovered in 2011 by Scott Carney It is somewhat similar to the CRAB model 🦀 🔹 The most important characteristic of this model is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers and Elliot Wave theory. The shark model is characterized by the need to specify the points of the model, which are X, A, B, and C The starting structure of the model is point 0. In the shark model, point B exceeds point X 🔴 bullish style 1️⃣ No specific patch for A 2️⃣ Point B corrects 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 0X and at 161.8 to 224 AB 🔴 bearish style 1️⃣ No specific patch for A 2️⃣ Point B is a correction from 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
Education
by Elrouby
education5-0 . Harmonic Pattern The 5-0 pattern was discovered by Scott Carney 🔹It was published in his book “Harmonic Trading, Volume Two.” It is a unique model that has accurate Fibonacci ratio corrections to validate the model. 🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area. Correction ratios are slightly different from Bat or Gartley style. 🔹The 5-0 category is in the 5-point harmonic reversal family of models 🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns. The basic premise of the pattern is to determine the reactions after completing the opposite direction 5-0 patterns usually represent the first pullback of a major trend reversal. 🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
Education
by Elrouby
AB = CD pattern education The lightning-fast pattern: The AB = CD pattern is one of the basic patterns and was first discovered by Gartley in a book he published in 1935 entitled Profits in the Stock Market (also described as the lightning fast pattern). In this pattern, the line connecting A and B represents the first price movement, and after the price makes a short correction move from point B and C, the pattern completes the line between C and D, which is the same line connecting AB with equal length. Although the price movement is not always completely equal, the length of the two lines in the AB=CD pattern are very close in length so that through them the reversal points can be identified 📌 AB=CD Pattern Using Fibonacci Ratios: 🔹 This model requires the availability of the basic Fibonacci ratios, which are 61.8%, 78.6%, 127, 161.8% 🔹 Point C must be corrected by 61.8% on the Fibonacci scale of the AB leg, or by 78.6%. 🔹 Point D is achieved at the corrective level 127.2% or 161.8% of BC. However, the following was noted: 🔹 When point C corrects by 61.8%, the extension of the CD leg reaches the 161.8% corrective level. 🔹 When point C corrects by 78.6%, the extension of the CD leg reaches the corrective level 127.2%. ⭕️ There are some cases in which the CD leg only corrects 100% of the Fibonacci scale, then the name of the pattern AB=CD is achieved and in this rare case it may be the classic “double top or double bottom” pattern. The CD leg may equal the AB leg at the time.
TVC:DXYEducation
by Elrouby
SELL NOW...CLEAR 200 PIPS HI traders, we have a great bearish momentum coming for the pound. we are entering the last stages of this long consolidation pattern, we expect the pound to fall drastically in the upcoming weeks... -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
by BlaiseThewinner
Consistency isn't something you get, it is something you doConsistency isn't something you get, it is something you do! Consistency in trading is a vital component, yet most traders think its something you get, it is not something you get it is something you do daily! Having a trading plan is something you do and them follow (do again) Following position sizing and risk management is something you DO Executing your system is something you DO! You get the drift! Do more good!
OANDA:XAUUSDEducation
by PrimedGroup
5
Power of Small Consistent EffortsHello Traders, 👋 Today I would love to talk all about the power of putting in small consistent efforts. Furthermore discuss the power of compounding and compound interest. Putting in small consistent effort is ideal for anyone, regardless of experience. Whether you are new to trading, trade forex, trade crypto or even want to find a new hobby 🏑🏓🎺🎸 1.00 The first equation is simply the number 1 raised to the power 365. The power 365 simply means 1 x 1 x 1 x 1 etc... 365 times. Anything multiplied by 1 remains unchanged, so the result is 1. But what happens if we add 1% to that? 1.01 1% bigger than 1 is 1.01. So if we take 1.01 and we raise that to the power 365 — so in other words, we multiply 1.01 x 1.01 x 1.01 x 1.01 etc... 365 times. You will be surprised that it equals 37.8 notice that this is almost 37 times bigger than the answer to the first equation above! 🤯 This is the result you’d get if you “did just 1% more than usual”. The difference in effort is just 1% a day, it’s tiny! If you can work on your trading 1% more than you are currently doing, every day. You will end up with a considerable amount of impact from that work. Whereas if you don’t do that little bit extra every day, you will be making zero progress and contain the same knowledge as you did a year ago, maybe less. Little steps, done consistently time and time again, compound into big, big differences. And not taking those little steps, makes the effect almost disappear. "Compound Interest is the Eighth wonder of the world. He who understands it... Earn it. He who doesn't... Pays it." ~Albert Einstein In simple terms compound interest is earning interest on your interest. For example If you was trading with $1000 and you made on average 10% per month, you would reinvest your earnings each month to make interest on them. This is called compound interest. +++++++++++++ Profit/Interest Month 1 $1100 +$100 Month 2 $1210 +$110 Month 3 $1331 +$121 Month 4 $1464 +$133.1 As you can see each month your profit is increasing. This is because you are making profit on your profit. The earlier you start compound interest the better. This is something millennials should learn in school! I know most people want to jump on the million dollar deal and get rich quick. But if you took a single penny and doubled it everyday, by day 30, you would have $5,368,709.12. However, it's important to note that it's all about the power of doubling. If you asked the same question, but changed the doubling time to just 27 days, you would only have $671,088.64 If you are struggling on your trading journey, do not give up! ****The first step of every successful Trader : FAILURE**** Do not let a little failure scare you away from being consistent. Thanks for taking the time to read my post! 💖 Please check out my other trade ideas! 🐱‍🏍🐱‍🏍🐱‍🏍
COINBASE:BTCUSDEducation
by Pips-Collector
156