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GBPJPY Day Trade Idea // Price Action TradingGbpjpy can move quite a bit. It can be a blessing and curse. Mentioned previously in the > JPY Weakness Post, we discussed potential JPY weakness , given current market sentiment leading up to interest rate announcments for the GBP and the EUR. Very bullish Price action confirming our bias, this means buy the pullback >> and aim for good risk reward >> be confident in your decision >> embrace a probabilistic mindset >> When you take wins, don't be surprised because that's what you were looking for in the market. >> Losses suggest higher volatility that you didn't anticipate correctly, or you are simply outright wrong with your analysis, and you should go to the Higher time frames , and this will give you your answers, with appropriate reasoning and logical thinking
Long
by ShrewdCatfx
Recap: Since Sunday I gave 80+ pts. out of 110 pts total move.The tape was clear, the price wanted to go up. You can see al prediction tweeted in the charts. I was not ready to trade because I have some things to do out of home, I just gave my targets, but when I get back I saw the markets conditions and I just could not resist and I enter long at 4468 and close my last contract at 4500. As some point during the day I was red when it went down from 4487 to 65 or so, but I was convinced it was a pull back to get strength to continue to 4500 as it did.
CME_MINI:ESH2022
by wolf_488
GBP/USD SELL IDEAHey tradomaniacs, welcome to a new free trading-setup! GBP/USD: Daytrade-Execution Notice: Low volume market. Market-conditions are not the best so it is a risky trade! I`ll give it a shot! Sell-Stop-Order: 1.34425 Stop-Loss: 1.34580 Point of Risk-Reduction: 1.34310 Take-Profit: 1.33685 Stop-Loss: 15 pips Risk: 0,5% -1% Risk-Reward: 5,0 Always add your personal spread to the stop-loss! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
2
AUDUSD Short Term Swing Analysis: another sell in store?Hello Trading Besties, AUDUSD dropped amazingly last week creating a new lower low on the daily and weekly timeframe. If you look closely on the 1 hour timeframe you can see it's fluctuations amazingly. If price can pullback and stay below 0.70460, this can be a great sell opportunity back down to the lower low. Only look for buys if price pushes above 0.70460. My suggestion is you add this pair to your watchlist only if you see the value in trading this pair.
Short
by ShaquanLopez
10x Any Trading Account - Using MathTLDR: It's not as hard to 10x an account as it may seem. By using math, we can exponentially grow our account while also exponentially making it easier to grow (and also continue to minimize our risk). So, I am planning on growing an account from 3k - 30k. This is no easy task, but I am going to break down why it's not as hard as you think. Math! As the account grows, hitting 10% of the original amount each day will get exponentially easier. Here's an example Day 1 : 3k to trade with means each daily profit goal is ~ $450 (Thats 3 trades of 25% profit using reasonable risk management. I'm going to break that down later, why this isn't actually as difficult as it it may seem to do consistently) Hint: 0dte Day 2 : We now have $3,450 in the account. Adjusting the trading plan risk management to the new account size, this means the profit goal for today is now ~ $518. (see where this is going) Day 8 : By now, the account is $7,854 and the profit goal the previous day was $1032. By following the same trading plan and carrying it over as the account grows, the profit compounds. Now, this is great, but it could be better. To further reduce risk, instead of increasing the profit target with a larger buying power, we can instead play with the trading plan to make our chances of success even higher. Lets take a look at the variables affecting the profit in a trade, and we'll come back to this idea in the future. (edited) In every trade, there are 3 main factors that affect how much cash you acquire. These are: The total % of your account used in each trade The dollar amount you use in each trade The % of profit you attain from those two figures The total amount of the account we use in each trade, the less % we have to make in each trade. (10% on a 500 play is 50 - Alternatively, 5% on a 1000 play is also 50.) This allows us to trade even in markets where this isn't much volatility. We can shorten the time we are in a trade, and the movement required on the chart, to hit our goal. (edited) Also, there's one huge factor I am relying on. As the account grows, hitting 10% of the original amount each day will get exponentially easier. Here's an example > Day 1: 3k to trade with means each daily profit goal is ~ $450 (Thats 3 trades of 25% profit using reasonable risk management. I'm going to break that down later, why this isn't actually as difficult as it it may seem to do consistently) Hint: 0dte > > Day 2: We now have $3,450 in the account. Adjusting the trading plan risk management to the new account size, this means the profit goal for today is now ~ $518. (see where this is going) > > Day 8: By now, the account is $7,854 and the profit goal the previous day was $1032. By following the same trading plan and carrying it over as the account grows, the profit compounds. Now, this is great, but it could be better. To further reduce risk, instead of increasing the profit target with a larger buying power, we can instead play with the trading plan to make our chances of success even higher. Lets take a look at the variables affecting the profit in a trade, and we'll come back to this idea in the future. (edited) So back to our little example. Instead of increasing the goal each day, it would be wiser to adjust our trading plan to allow for more attempts (using less % of total BP per trade) or for higher success rate (5% profit per trade instead of 25%). This means that as our account grows, the effort will go down as success probability rate increases - exponentially. This is where it all comes together. By day 10 of making $450 per day, we would have $7,500 in the account. We would effectively be doubling the amount of trades we can make (10% of the account per trade instead of 20%) and cutting the %gains needed per trade (from 25% to 20%). We can now afford to lose more often, as we have more buying power. Because we can afford to lose more often, we can also afford to tighten our stops losses, minimizing the risk per trade. Also, we now have much more opportunity to slip into more trades, as our %gains needed decreases each day. (As another method, this can be played with to your liking and manipulated differently depending on how you feel that day, once you get comfortable enough with your trading plan. So maybe you don't have to trade every day, and you take advantage of the compounding profit effect in the later stages. Say maybe, 5x into the 10x challenge. (15k out of a 3k - 30k challenge.) This is also how the "rich get richer". As your capital grows from initial investment, it becomes easier and easier to make profits in comparison to that initial investment.
NYSE:MSEducation
by SJ_CAP
6
BTCUSD 15M Chart Analysis Swing Trades!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
BITSTAMP:BTCUSD
by CoverchefsFX