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A Great Trading Strategy For New/Unprofitable TradersHey gang! Thanks for watching. Reminder -The most important bits of a strategy are: - directional bias - where to trade - where to risk - how to manage There's one final piece that we didn't mention in the video - capital management. AKA - how much to spend, of all of your capital, on the risk in a given trade. A great rule of thumb is that no trade should risk more than 3% of your capital at any one time. Breakout trading has a mixed win rate, and sometimes you can have lots of losses in a row. You need to control for this. Thanks again and let us know how and where you think this strategy could be further improved. Cheers! (Again, none of this is investment advice, simply educational material about good trading practices - all our content is subject to our terms of service.)
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NASDAQ:TSLAEducation
by PropNotes
60
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, Clifford
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COMEX:GC1!Education
by TradeTheIndex
36
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run. This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!! Hope you enjoy
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EEducation
by TradeTheStructure
5
Leveraged Share Conversion Calculcator Indicator coming soon! To be released this upcoming week :-). Going over the functionality and setting up of my leveraged share conversion calculator indicator. I will link it below upon its release. This is the third and final reference indicator in my series, the other 2 being the Technical Dashboard and the P&L Indicator (I will link those below). At this point, I will be going back over feedback to make improvements on all of the indicators while I wait for a stroke of ingenuity to realize again ;). If you have feedback or technical problems with any of the indicators, please let me know in the comments but also if you can please include a chart image of any issue you are having, that would be very helpful. Any recommendations, please leave in the comments below. I have received a couple that are on the agenda for implementation, its just a slow process :-). Let me know your questions/comments and recommendations. Safe trades everyone!
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AMEX:UDOWEducation
by Steversteves
The MACRO MARKET ($SPY CHART)In this video, I discuss my outlook on the market ($SPY) and a few trades that we, YS Stocks Investment Club, have jumped in. The past 10 months we have seen the market continue in its Declining phase but not before edging a bit higher in the month of October. Many investors expected the rally to begin in January but October began the bear market rally that took the Bulls on a nice ride. February, $SPY closed in a "shooting star" or "inverted hammer" signaling a potential downshift on the market to retest previous lows: $370s - $360s. We have jumped on a few trades as the market continues to Ebb and Flow in this uncertain environment. We have been on the $379/$370 Put Debit Spread (PDS); JUN 23 expiration for over 3 months and it looks promising to deliver profits in the month of Mar or April. Time will tell, but we are following our YS Options Trading Plan and set out STOP LOSS for this and all trades that we are in. TRADE RESPONSIBLY and DO YOUR OWN DUE DILIGENCE..
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AMEX:SPYShort
by Tocoalimon
6
USDJPY Long Setup, looking strongGood morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137, however, as soon as we have left this range in the past, volatility has kicked in, both ways. We have broken through the high of 137 two days ago, making the idea very plausible and easy to understand. This is my Game Plan: - Clean push above 137 - Pullback onto 137 area, preferably seeing a pullback down to 136.8 - Consolidation on the red line, smooth prices needed here - No big slippage into the box, staying around the red line - Trigger signal once price starts to recover between 137 to 137.2 - Entry upon jumping out of the box This trend setup looks very strong because the higher timeframes support the direction we are trading in. Make sure to follow my Tradingview for more ideas and check out my BNB short post, we are in profits! Thanks for tuning in and let me know if you liked the video in the comments below. Many thanks. TraderCH
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Long
by TraderCHgold
7