EDU
<<Perfect trade>> 😏Are they exist?🧐Hi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐
The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them.
First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!!
The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit.
Second rule 🔥Managing Your risk🔥
We can't control the market, but we can control ourselves
The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade.
The third rule of "perfect trading" 🔥Assess Market Condition🔥
Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them.
The fourth rule - 🔥 STRATEGY 🔥
Step four: NEVER LEAVE YOUR STRATEGY !!!
There are different strategies in my trading plan, that are used in different market conditions.
💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
Previous EDU post 👇🏻
𝕋𝕣𝕖𝕟𝕕 ℂ𝕠𝕟𝕥𝕚𝕟𝕦𝕒𝕥𝕚𝕠𝕟 ℙ𝕒𝕥𝕥𝕖𝕣𝕟𝕤Hello friends! Let's keep learning?😉
Today we will talk about Trend continuation patterns 💪🏻
LET"S GOOO🐱🏍🐱🏍🐱🏍
🐂 Bull flag 🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
🐻Bear flag🐻
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
🐂Bullish pennant🐂
The pattern trading rules are identical to the bull flag trading rules.
🐻Bearish pennant🐻
The trading rules are the same as for the bear flag.
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
Previous EDU post about Reversal-Patterns 👇🏻
💡 Discipline vs Motivation 💡Welcome friends!💋 What's more important to you: Discipline or Motivation?
Today we'll talk about it.😊
There are two main ways to force yourself to do something:
⚡ the first, most popular, is try to motivate yourself;
⚡ the second, less popular, is to develop self - discipline.
What's the difference?🧐
Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task.
Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering.
Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!!
Why discipline is more important than motivation ? IMHO🧐
Chasing motivation means, that we need to do only what we're in the mood for.
The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards.
To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly.
Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed.
Motivatio n has a tiny shelf life and needs to be constantly updated.
Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results.
Discipline is a motor, that once started and constantly supplies energy to You.
For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition.
Discipline is more or less permanent, and motivation is fleeting.
How to develop discipline? 🧐
You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life.
THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
My first two chapters of free manual . Links below👇🏻 ENGOY YOUR LEARNING 🚀💣
💲Holy Grail Trading System 💲Hello, my lovely friends!!!💓💓💓 Link for great view 👉🏻https://www.tradingview.com/x/VYQKhV8J/
🔥Today I have something spesial for you today! 🔥 That's 💲Holy Grail Trading System 💲!!!
By “Grail” in trading we mean a unique trading system that can continuously generate profi ts.
☝🏻 According to the legend of the Holy Grail, those who drink from this cup receive immortality.
The idea of this scheme is simple. Only by applying of those three conditions You'll become possible to significantly increase capital.💰
🧐Let's go briefly through all the elements.💪🏻
The first element,🎯 trend trading , I think, doesn't need unnecessary comments. Trending strategies for a trader are the best way to make money. 👊🏻
But why is this element alone not enough? Even if a trader has an ideal trend trading system, in the absence of a trend, he will lose money.
The trader should be where there is volatil ity 🎯, because volatility = profit.
The ship in full calm stands still, no matter what sails he had. Here, to some extent, there is an element of luck.
Yes, there is room on the market for purely external circumstances - there is nothing to be done about it. Not everything is controlled by the trader. It is especially important for risk-averse traders to learn not to get into the market during periods of low volatility.
At this, the last stage🎯, trader needs to find a balance between the desire to squeeze as much out of the market as possible and the ability to calmly, without nerves, sit out corrections.
When the market turns against the position, the trader still doesn't know whether this is a correction or a trend reversal. While sits in position and makes a decision, this movement eats up part of the floating profit or creates a loss. If the trend doesn't resume, a late trader has to close a losing position.
The risk should be approximately, that trader can make such a mistake a sufficient number of times and still be afloat 💪🏻
Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!!
👍🏻Support my enthusiasm with like!😘😘
✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐
🌞I'm glad of your feedback !!!🌞
Always Yours Rocket Bomb🚀💣
My previous works!👇🏻👇🏻👇🏻
💪🏻Healthy Trader - Successful Trader💪🏻 💪🏻Healthy Trader - Successful Trader💪🏻
No matter how you draw scary pictures, you still won’t scare people and make them care about your own health. 🤷🏻♀️🤷🏻♀️🤷🏻♀️
But on the other hand, profit considerations act well on traders. Try to look at health as a turbine that gives acceleration to work. From a good physical condition and a healthy psyche depend:
🤜🏻Operability.
🤜🏻Emotional condition.
🤜🏻Brain activity.
🤜🏻Positive attitude.
🤜🏻The ability to work stably.
🤜🏻Stress resistance .
🤔So it is not practical for a trader to ruin his health. You will not work on a hovering computer, right?🧐
Stay with me💋
Your Rocket Bomb🚀💣
Look at my previous ideas👇🏻👇🏻👇🏻
🔺 TRIANGLES 🔺Hello, my dear friends!💋 Let's get a little developed👩🏻🎓 Today we a talking about 🔺 TRIANGLES 🔺.
These figures 🔺 of technical analysis are distinguished by some “deceit”, therefore they are assigned to a separate category.❗
This is due to the fact, that during their formation it's rather difficult to unambiguously determine in which direction the price impulse will follow - up or down.🤷🏻♀️ Among such figures, symmetrical, ascending and descending triangles are popular among many traders.
Of great importance ❗is the trend preceding the formation of the figure.
So,🔥 if the uscending triangle was preceded by a bullish🐃 trend, then the trend will most likely not change its direction.🔥
On the picture above, the blue 💙 lines - indicate the most probable scenario of the price movement after completion of the formation of the Ascending Triangle.
In green 💚 - a slightly less likely scenario that shouldn't be ruled out.
Thus, in most cases, the “Rising Triangle” is seen by traders as a bullish pattern.🐃 The appearance of this figure usually indicates consolidation before the resumption of the upward movement of prices.❗
💥 Other features of this figure :💥
🔺the upper resistance level passes through two or more local peaks approximately equal in height;
🔺the reliability of the figure increases in proportion to the duration of the previous uptrend;
🔺the lower resistance line consists of at least two consecutive minima, with each subsequent one must be higher than the previous one;
🔺often during the formation of this figure there is a decrease in trading volumes;
🔺the moment of breaking the resistance line should preferably be accompanied by an increase in trading volumes;
🔺after breaking through, the line of resistance of the figure becomes a line of support;
🔺the approximate purpose of further price movement usually corresponds to the width of the triangle formed by the upward movement.
👉🏻The “descending triangle” is often regarded by traders as a bearish🐻 pattern:
This pattern is formed on a downtrend 👇🏻, in most cases indicating its continuation. At the same time, as we can see in the figure near, sometimes when you exit this figure, the price moves in the opposite direction.
In its features, this figure is similar to the “Ascending Triangle” formed on the bull trend and, in fact, is its mirror image.🤲🏻
The "symmetrical 🤲🏻 triangle" is a relatively neutral figure:
However, for example, if the formation of the "Symmetric 🤲🏻Triangle" was preceded by an uptrend, then this pattern will signal a high probability of continued bull dominance in the market. The same for downtrend.
💥 Other features of the figure: 💥
🔺a triangle is considered reliable and indicates a high probability of the continuation of the trend, if the trend lasted for at least several weeks before its formation;
🔺to build this figure, at least four points are needed - two for the resistance line, two more for support (a more reliable triangle is formed by six points - three for the top line, and three for the bottom);
🔺as the triangle forms and the range narrows, the trading volume should decrease;
🔺the approximate purpose of price movement is usually determined by the width of the triangle.
❗❗❗ Traders should be very careful when working with a triangle, especially with a symmetrical one. Each time when forming such a figure, two likely scenarios of price movement should be taken into account at once.
Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!!
👍🏻Support my enthusiasm with like!😘😘
✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐
🌞I'm glad of your feedback !!!🌞
Always Yours Rocket Bomb🚀💣
My previous works!👇🏻👇🏻👇🏻
🔁Synthesis of elements in the trading system🔁 Hello💋💋 Today we are talking about synthesis of elements in the trading system .
When we see that a certain component of the system performs a certain function very well, we design it as a separate unit, that it can be used when it is necessary to perform a specific function peculiar to it.
Each component of the system must be carefully checked BY YOU, and effectively solve the task assigned spesialy FOR YOU.
Before proceeding directly to the development of a new trading system, it is necessary to arrange all the components of our set into a certain structure in accordance with the general scheme by which the new trading system will be built.
Do not be afraid to mix these components. Try to find what suits you and what pleases you. And of course it brings profit !!!
We'll go a looooong interesting, sometimes painful way to become successful traders!💪🏻💪🏻💪🏻
Stay with me💓
I love you and I appreciate you🙌🏻💋
YOUR Rocket Bomb🚀💣
📃 Trading plan 📃 ☝🏻The basis of any action on the market is a well-designed trading plan (TP).
👉🏻The basic rule is never trade without a plan, and when you have done TP, never break it.
Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻♀️
❗❗Before opening a position, you must determined :❗❗
📌position opening price
📌open position size
📌stop loss order
📌take profit order
👉🏻That's necessary in order to determine the possible risk / win ratio.
⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios:
1. Price moves opposite the open position
2. Price moves towards an open position
❗ A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading.
❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future.
❗ Trading does not end when you close your position.
❗You must analyze it and learn from it.
❗ After closing a position, many players forget about it and start looking for the next deal.
⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡
Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking.
💪🏻Don't forget about self-development!!!!💪🏻
💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛
Your Rocket Bomb🚀💣
🔰Channel is an element of technical analysis🔰
Let's recall my previous TA ideas and more 👇🏻👇🏻👇🏻
T oday we are talking about channels. Come on💪🏻
Technical analysis defines a “channel” as a corridor in which a price chart moves limited by the support line below and the resistance line above.
There are three types of channels:
📌bullish channel
📌bearish channel
📌sideway or range (flat, trendless)
The channel breaks, when the price breaks through either support or resistance.
Breaking resistance on the bull channel is a good signal to buy. For a bear channel the opposite is true.
With the side channel, the signal is less strong. If we break through support on the bullish channel and resistance on the bearish, we get a weak sell / buy signal (it is better to get confirmation from other indicators).
In addition, you can play inside the channel, observing two rules:
⭐the longer the price moves in the channel, the more likely it is to exit it;
⭐play better towards the main trend.
If you like my edu posts, put me like and subscribe on me💪🏻❤
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🌀 Cycle Theory and Wave Analysis 🌊👋🏻Hi guys. 💋Well, let's continue develop ourselves???💪🏻
Today I would like to tell you about the 🌊wave analysis🌊
☝🏻😉For those, who have recently joined, I would like to say, that we are studying technical analysis.💪🏻💪🏻
👇🏻👇🏻👇🏻Below you can find my previous educational ideas.👇🏻👇🏻👇🏻
Ok, now let's start from the few words about theory of cycles💪🏻
🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this classification.✔
💥 If you wanna be successful trader, you need to understand this method of analysis 💥
☝🏻 The trend (impulse waves) has a 5-wave structure (waves are indicated by the numbers 1,2,3,4,5, A, B, C ) and consists of impulse waves and correction.
📌 Impulse Waves 1,3,5
- longer than correction waves
- show the direction of the trend
📌 Correction Waves 2 and 4
- has a 3-wave structure (a-b-c)
- show the direction opposite to the current trend
☝🏻 1st, 3rd, 5th impulse waves have a 5-wave structure of their subwaves. Correction waves (2 and 4) have a 3-wave structure and are denoted by A-B-C.
📌 Signs of a trend reversal in terms of wave analysis are:
- finite diagonal triangle
- extended 5th wave
- truncated 5th wave
👉🏻 The 2nd and 4th waves are corrective. The movement on these waves takes the form of the following correction models:
- zigzags (5-3-5) (Zigzags) or simple (zigzag) correction
- planes (3-3-5) (Flats) or flat (flat) correction
- triangles (3-3-3-3-3-3) (Triangles) or triangular correction
- double triples and triple triples (combined structures)
- incorrect correction
In fact, wave analysis has nothing to do with the market. At least in the modern world.
This theory once worked, but not now.
☝🏻Although it attracts a lot of people with its simplicity and visibility.
Now you will not find two wave operators, that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today.
Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior.
💥If you use it, then be extremely careful. To say, that wave analysis doesn't work is too subjective. Each for himself decides what and how to use.
😆Right or wrong - the market will judge by adding or taking money to the account.😆
🤔I hope I have clearly explained you my vision of wave analysis, if you are interested, you can study this method more deeply.💪🏻💪🏻
😸Subscribe and don't forget to put like to my enthusiasm, I try for you😉😉😉
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💪🏻 TIPS FOR SUCCESSFUL TRADING 💪🏻It's Sunday,🌞🌞🌞 the Forex market is giving up 🤗, and the Cryptocurrency market is behaving strangely,👀 so it's time for selfdevelopment.💪🏻💪🏻💪🏻
☺😚Let me try to give YOU some advice from my own experience, maybe they will be useful for you 💙💙💙
Let's Go🙃🙃🙃
🗝KEY ERRORS OF THE MARKET PLAYER🗝
🚩Waiting for a great deal and big profits
🚩put stop losses
🚩Attempts to catch up with the market
🚩Emotional trading
🚩Constant desire to trade
🚩Rejection of losses and attempts to immediately recoup
🤗TIPS FOR RIGHT PSYCHOLOGICALLY TRADE🤗
📎Chart levels at which you will enter into the deal and exit a position.
📎When you enter a position, all further market's movements you see through the prism of your position
📎The next movement of the price can make change your tactics.
📎Having analyzed your deals with trading plan, you (with high probability) understand
- that most unprofitable transactions were outside the trading plan;
- that you are not included in the potentially profitable and planned transactions.
📎Remember these moments the next day.
📎Try to make less unplanned deals and more planned.
📎Look into eyes of your losses.
📎Don't count lose as the result.
📎Failures will always be.
❤IMPORTANT❤ As soon as you close
unprofitable transaction - stop thinking about it and
focus on the next entry.
NEVER make a deal right after something read heard. Almost always, these deals are unprofitable.
⚡EMOTIONAL SET⚡
⚠Don't try to trade emotionally.
⚠you have made more than two losing trades - spend the rest of the time to analyzing the reasons.
⚠If the reason in you - take a timeout.
⚠Don't get euphoric after a series of profitable deals. That's as bad as depression.
⚠Always be determined to make money, not to lose it.
I hope you were interested☺☺☺
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I came up with a lot of interesting things for you🔥🔥🔥
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If you interested in my previous idea, look here 👇🏻👇🏻👇🏻
$EDU: Top of the range with odd fundamentals$EDU has tested and failed at the $108 level for the 3x in 20 months. Short-term price action has confirmed a break in the immediate trend.
This is a company which has sacrificed margins for earnings growth. Earnings growth is at +1 standard deviation while operating margins have crashed from 22.5% (end 2009) to a miserable 8.9%, at -2 standard deviation level. Either competition is too severe in the after school learning space (it is a very fragmented space) or $EDU has lots of under-utilized learning centers which is dragging on margins. Furthermore, you have a company whose operating profits growth is slowing while eps growth is increasing???
With funny numbers, weak markets, weak spending power in China, weak USDCNY (EDU earns RMB reports in USD) and near +1 standard deviation valuations, I smell blood.
BTC IN END OF 2018DO NOT MAKE ANY TRADES BASED ON THIS IDEA. DYOR!
hey guys. as we see BTC fails to break the triangle once again and goes to support zone. In my opinion i think with RED Strategy BTC will fall to 5800-5600 support zone and then bounce back to the hypotenuse of the triangle. if it succeed we go to BLUE strategy and a bounce to mid support zone is expected and then we go GREEN . We have a minor resistance in GREEN strategy and i hope we can pass this and go further. I will track and update this post. it will be very helpful if you write your opinions and tell me if i'm wrong or some.
Good Luck!
Support & ResistanceSupport and resistance levels are critical in financial markets.
They are very similar to pivot points, except simpler.
When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could potentially turn support, where it can bounce.
Generally, for resistance or support to break, a candle has to close above or below support and resistance. A wick above either is only the price “testing” resistance.
I generally wait for a close above / below as well as further movement in the same direction, and a possible volume break-out short term.
This is because a close above / below itself can be a fake-out, or a fake breakout, and continue doing what it originally was.The blue box is an example of a fake-out.
The more often support and resistance is tested, the stronger it is.
The stronger support or resistance zones are, the stronger they will break out.
For example, if a support is tested 5 times and breaks to the downside, it will move down further than for example, if it was tested 2 or 3 times.
Next post we will get into support or resistance zones and also examples on how to trade them.
EDU - Upward channel breakdown trade from $41.57 to $37.33EDU broken down from a long term upward channel.Retested it & seems rolling over. We think it will be good short from here.
Trade Criteria
Entry Target Criteria- Break of $41.57
Exit Target Criteria- $37.33
Stop Loss Criteria- $43.13
Option: $40 Apr-17 Puts
You can check detailed analysis on EDU in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 10:10"
Trade Status: Pending
Missed OpportunityLast summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories.
I followed the stock for a little while and then gave up, only now following up.
Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I actually thought it was to good to be true as the TSM and EDU (both NYSE) were the only stocks that appeared in the results.
EDU went from $22 to $34 in about 6 months. Wow, I have to believe!