Get started

Continuation

BTCUSD - BITCOIN waiting for confirmation to sellon WEEKLY: BTC is still sitting around our 10.000 round number and supply zone so we will be looking for objective sell setups on lower timeframes. on H4: BTC is trading inside our two red trendlines (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it valid and then enter on its break downward. we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
BITSTAMP:BTCUSDShort
by TheSignalyst
3
EURGBP two possible scenarioson DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward. on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell. meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are waiting for a third dot to form around it to consider it objective and enter on its break upward. Let's see which scenario will be activated.
by TheSignalyst
DXY 97.97 -0.34% SHORT IDEA GOOD DAY TRADERS... HERE'S A SHORT IDEA ON THE DOLLAR INDEX WHICH STILL REMAINS UNDER PRESSURE AS THE BULLS ARE STILL IN CONTROL ON THE INDEX. > ON THE DAILY WE ARE AT 61.8% FIBONACCI LEVEL AFTER JUST BREAKING OUT OF A SYMMETRICAL TRIANGLE POSSIBILITY OF A RISE STILL IN PLAY BUT LOOKING AT MOMENTUM TO THE DOWNSIDE AND ALL HAPPENING FUNDAMENTALLY LOOKING FOR THE INDEX TO PUSH FURTHER DOWN THIS WEEK TARGETING THAT 50% FIBONACCI ON THE DAILY... ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
TVC:DXYShort
by PULEMokhothu
AMERICA RIOTS/PROTESTS TO TRIGGER NEXT MARKET CRASH? Riots & Protests = Social Gatherings Social Gatherings = Spreading Of Coronavirus Spreading Of Coronavirus = Restricted Economy Restricted Economy = Market Crash Whilst this logic may not fully constitute to a market crash, it just needs to be a catalyst. A trigger. Just as the virus was the catalyst for an over-valued market back at the highs, the riots & protests may also be the catalyst for the currently over-valued market and bull trap we are in right now. VERDICT: Since we are clearly already in one of the biggest bull traps ever seen, the conflict in America may trigger the long overdue market crash.
SP:SPXShort
by JayanVarsani
1
STILL GOING!! EUR/USDWe are still climbing but be aware of the possible head and shoulders forming!!!!! OANDA:EURUSD I upload signals almost everyday, If you want to get daily signals remember to FOLLOW and turn your NOTIFICATIONS ON! 🤗 You can always show your support by liking, following or commenting! Much love to all, have a great day traders! Disclaimer The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
Long
by BostonJoe
EURGBP 4 HOUR BULLISH CONTINUATION TRADEAfter breaking out of last weeks ascending triangle the EURGBP is offering a second opportunity for those looking to get long in a form of a retest of the pattern. We close with a decent candlestick combination so for an aggressive trader this could be an order that gets executed on the open. Projections higher are based mainly on a 1 to 1 measured move (ab=cd pattern) and the use of the Fibonacci extension tool. There is a level of structure looking left but nothing too significant in my eyes. For a video walkthrough of this setup please watch my youtube video titled "TRADING LESSON - How To Project Profit Targets" starting at the 8:20 mark I hope you guys enjoy your weekend! Akil
Long
by Akil_Stokes
3 Simple Tricks to Recover from a Drawdown like a Pro3 Simple Tricks to Recover from a Drawdown like a Pro. In our private client area, we often talk about the importance of understanding drawdowns. The first step in dealing with drawdowns is to acquire the right mindset that is conducive to trading. Do you want to learn how to live through the daily drawdown that is almost inevitable and all traders must go through? Statistics have shown that the majority of your life trading career will be spent in drawdowns. If you spend so much time in a drawdown, it’s important to learn how to recover from drawdowns. With that said, here are 3 trading tips you should use to help you recover from drawdowns: #1 Know the Maximum Drawdown of Your Trading Strategy Through effective backtesting methods, you can actually discover the maximum DD of your trading strategy. This will mentally prepare you for them. If a trader learns how to develop an awareness of what will happen to his account during a drawdown period, you’ll have the mental capacity to cope with the drawdown and stick with your trading strategy through these tough times. That’s assuming you have a profitable strategy. If you can’t learn to master this discipline, then you’re better off to stick to algorithmic trading and let the robot do the job for you. Automation will often eliminate counterproductive emotional decisions. #2 Cut Back Your Position Size Another thing you can do to cope with the painful reality of drawdowns is to risk per trade or the position size. Contrary to the popular belief that teaches you to increase your risk, so you can accelerate the recovery process, that type of behavior is very destructive for your account balance. Aggressive pyramiding to escape a drawdown is even worse. Take for example, how legendary trader Richard Denis thought the Turtles to handle drawdowns. When drawdowns occurred, they would reduce the trading size from 2% down to 1.6%. They would continue to cut back their position size if the DD was extending. This preventive action is for self-preservation of your capital. Learn it, and use it in your favor. #3 Increase your Risk-Reward Ratio A positive and big risk to reward ratio is part of every successful trading system. To escape a drawdown faster you need to learn how to increase your risk and reward ratio. One of the most effective methods to improve your RR ratio is to perfect your entry strategy. By having a better market timing you can keep your stop-loss very tight, thus further limiting your losses. With a RR ratio of 1:3, you can escape a drawdown period pretty fast even if your win rate is still somehow very low. If you can make a pact with yourself and not flinch in the face of adversity when your risk tolerance is reached your daily mental battle is half won. Final Words – Drawdown in Forex Trading In summary, drawdown forex is the most important risk metric because DD can make you switch your trading strategy if you have too many consecutive losses or if our losses last for too long. Forex drawdown can literally kill your account if you don’t know how to recover from a drawdown trading period. The only way you’ll never experience a drawdown is if you stop trading. You need to accept the reality that the drawdown in forex trading is inevitable There is no such thing as risk-free returns. You need to work smart not only to make profits but to also keep those profits. With that said, you only need to keep in mind these three drawdown trading rules, if you want to manage DD like a pro: Know your historical max DD Cut back your trading size Increase your RR ratio Thank you for reading!
Education
by Tradingstrategyguides
1