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🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us! Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals! This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are: LIVE TO TRADE ANOTHER DAY: - Use position sizing - Have a definite exit area - Prepare properly before starting to trade - Review your trades daily or weekly (always seek improvement) - Always follow your process & system - Don't listen to others, find your own trades daily - Cut your losers when the market tells you the trade is done, you can always re-enter We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel! Happy Weekend Traders!
DEducation
by PrimedGroup
1
Momentum indicatorsMomentum deals with the rate at which the prices are changing. For example, in an uptrend, prices are rising and the trend line slopes upward. Momentum measures how quickly the prices are rising or how steeply the trend line is sloping. Momentum is similar to acceleration and deceleration. Speed is equivalent to the slope of the price trend – the number of points gained per day, for instance. Momentum is the car’s acceleration and deceleration and is the measure of the price trend’s changing slope. The trend can be thought of as direction and momentum can be thought of as the rate of speed of the price change. Technical analysts have developed many indicators to measure momentum, and these measures have become leading signal generators or confirmation gauges, telling us whether the trend slope is changing. When momentum is confirming the price trend, a convergence or confirmation occurs; when momentum is falling to confirm the trend slope by giving a warning signal, a divergence occurs. As a sign of price trend change then, the technical analyst often looks for a divergence. Confirmation is also used to identify overbought and oversold conditions. In the next paragraphs, we will describe the most common price momentum oscillators. There are many ways of calculating momentum, but because all of them arrive at essentially the same result, we describe only the most common and most popular. 1. Moving Average Convergence-Divergence (MACD) Gerald Appel, the publisher of Systems and Forecasts, developed the MACD oscillator. A variation of the moving average crossover, the MACD is calculated using the difference between two exponential moving averages. Traditionally, a 26-period EMA is subtracted from a 12-period EMA, but these times are adjustable for shorter and longer period analysis. This calculation results in a value that oscillates above and below zero. A positive MACD indicates that the average price during the past 12 periods exceeds the average price over the past 26 periods. The MACD line is plotted at the bottom of a price chart along with another line - the signal line. The signal line is an exponential MA of the MACD; a 9 period EMA is the most common. A histogram of the difference between the MACD and the signal live often appears at the bottom of the chart. The MACD is useful in a trending market because it is unbounded. When the MACD is above zero, suggesting an upward trend, buy signals occur when the MACD crosses from below to above the signal line. The downward crossing is not reliable while the trend is upward. 2. Relative Strength Index (RSI) In 1978, J. Welles Wilder introduced the relative strength index (RSI) in an article in Commodities magazine. The RSI measures the strength of an issue against its history of price change by comparing “up” days to “down” days. Wilder based his index on the assumption that overbought levels generally occur after the market has advanced for a disproportionate number of days, and that oversold levels generally follow a significant number of declining days. RSI measures a security’s strength relative to its own price history, not that of the market in general. To construct the RSI, you must make the following calculations: RS= UPS/DOWNS RSI = 100 – |100/1(1+RS)| The RSI can range from a low of 0 to a high of 100. In his original calculations, Wilder used 14 days as a relevant period. Overbought and oversold warnings are the same as with many other indicators. Wilder considered above 70 to indicate an overbought situation and an RSI below 30 to indicate oversold condition. Similar to other oscillators, RSI divergences with price often give a warning of a trend reversal. 3. Stochastic Oscillator According to Gibbons Burke, Tim Slater, founder and president of CompuTrac, Inc., included this indicator in the company’s software analysis program in 1978. He needed a name to attach to the indicator other than the %K and %D we will see in the indicator calculation. Slater saw a notation of “stochastic process” handwritten on the original Investment Educators literature he was using and the name stuck. The “fast” stochastic, as seen in software, refers to the raw stochastic number (%K) compared with a three-period simple moving average of that number (fast %D). This number is extremely sensitive to price changes. To combat this problem, analysts have created the “slow” stochastic. The slow stochastic is designed to smooth the original %D again with a three-period simple MA. In other words, the slow stochastic is a doubly smoothed moving average, or a moving average of the moving average of %K. As in most oscillators, the stochastic works better in a trading range market, but can still give valuable information in a trending market. 4. Commodity Channel Index (CCI) The Commodity Channel Index (CCI) is also similar to the stochastic. Donald Lambert developed this indicator, describing it in the October 1980 issue of Commodities magazine. The CCI measures the deviation of a security’s price from a moving average. This gives a slightly different picture than the stochastic, and in some cases, the signals are more reliable. However, the difference between the CCI and the stochastic is so minuscule that using both would be a duplication of effort and liable to create false confidence. Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
Education
by financialflagship
16
📈📉How Market Cycles Work | Bull & Bear Market 🐿 All the financial markets are cyclical : after a sharp and strong bullish trend always comes a severe bearish rally. After panic & massive selloffs, the market tends to recover and awakens optimism closing a vicious circle. Watching carefully how the price acts during these cycles, an observer can identify the recurring stages . #1 Accumulation The accumulation stage starts once the market finds its bottom. Bearish pressure weakens and the market starts trading in sideways. While the crowd remains cautious, smart money like banks and hedge funds start buying the asset considering that to be undervalued. It leads to occasional moderate spikes of a price. Being the best time to buy the market, the accumulation stage is the hardest to spot correctly. Global pessimism and disbelief make the investor scared to buy the asset. #2 - 3 Public Participation & Excess Stage The accumulation stage and the actions of smart money make the crowd buy the asset steadily. Pushing the market to new highs and generating sufficient profits, the crowd brings more and more liquidity into the market. Bullish trend is universally confirmed. The optimism steadily transforms into euphoria and the asset quickly becomes overvalued. Greed starts to dominate the crowd. Record highs are reached and no one doubts further growth. #4 Distribution At some moment the market stops growing. Even though everyone is very confident in a bullish continuation, the market naturally refuses to grow. Moreover, the market starts to slow down and volatility drops steadily. The market starts ranging and trade in sideways. Smart money starts selling their positions steadily to a greedy crowd. #5 Bearish Trend With an absence of growth, more and more market participants start selling the asset. Optimism steadily vanishes and pessimism comes into play. Contemplating negative figures, the crowd starts to panic, making the market fall sharply. The outlook is dark and no one believes in recovery. Then the market suddenly starts slowing down and the cycle repeats. Watch how the price acts, learn the price action & master the market cycles to benefit from any of them. ❤️ Please, if you enjoyed this article, like it and share your feedback in a comment section. Thank you! ❤️
Education
by UnitedSignals
7
Trade Review: How I Scalped $MARA+ Reviewing Stream Set ups!In this video I will reviewing trades I took on the first week of August 9, 2021 going full in depth explaining how I traded these tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Covered $MARA for a nice 10% scalp, then reviewing the set ups from Sundays Stream, then giving out some set ups for this week! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:NIOEducation
by Raulf-m
1
CONSENSUS MECHANISMS - PoW vs PoSHey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them. Do you know what a consensus mechanism is? Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole. In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network. The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake). PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented. All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH. PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn. If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano. Do you have any question? Let me know! Have a great Sunday, Alkalites!
Editors' picks
COINBASE:BTCUSDEducation
by CryptoAlkaline
57
The three O's that have to go ❌The O’s in your trading game that have to go are shown drawn on the chart. The three O’s in the idea can all overlap one another and allowing one to creep in can lead to any of the other also creeping in to your trading. We have all suffered at some point in our trading journeys of these three phenomena. All of these O’s can lead to capital being impacted and potentially a blown account. We’ll start with over trading. On the face of it, over trading is taking too many trades. Over trading can occur when chasing losses or being on a particularly good winning steak. Either of those situations mentioned is essentially a loss of control. The loss of control leads to a loss of focus. The loss of focus leads to too many trades. Too many of those trades will be stupid trades. Those stupid trades will be losing trades at some point. All these trades mean increased commissions. The cycle continues and instead of compounding profits the only thing being compounded is risk. Compounded risk leads to losses and if the cycle isn’t broken a blown trading account awaits. Next is over risking. Risk management is key to any trading plan being successful. Stating the obvious in that first sentence. But I’m also stating the obvious when I say we’ve all been there and risked more than we should on some trades. Over risking more than our capital allows will only lead to tears and one outcome which is the blown account outcome. We end with overconfidence Probably the worse O of the three to allow in your trading behaviours! Allowing this one to sneak in can quickly allow the other two already covered to sneak in. Usually seen as a positive emotion in the world we live in, this emotion can quickly become a negative emotion in the trading world. Allowing this emotion to creep in blurs our perceptions to so many concepts we need for trading and can lead to a gambling mentality. Greed will take hold with overconfidence and when the winning streak comes to a cashing end the trader runs the risk of allowing the other two O’s to creep in leading to only one outcome. The blown account yet again. The O’s can crossover All of the traits mentioned can be experienced individually or some can crossover one another. Below are a few examples. We covered in the overconfidence how it can lead to the O’s creeping in. Overconfidence from a winning streak leads to overtrading which in turn leads to an inevitable losing streak and capital impacted with losses. Worse case scenario is overconfidence from a good run of trades leads to over risking on the next set of trades which loose. You then end up over trading in revenge to gain back the losses which could lead to yet more losses. You could be a new trader starting out with no confidence. You start to over risk from the off and lead to your trading account being blown. You could over trade combined with over risking which accelerates the loss of trading capital. In those scenarios mentioned confidence hasn’t been an issue at all. But risk management and trade volume have. How to avoid the O’s I'm pretty sure we all suffer one of O traits at some point in our trading journey. The key is to recognise the incident and the issues it caused and learn from that. It lies with us as individuals to own up to our trading mistakes. Some of us will suffer all three O’s in our trading paths. In owning up to our shortcomings all the O’s can be avoided going forward in your trading life's. Hope you all enjoy your trading week. Darren ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Thank you.
BITSTAMP:BTCUSDEducation
by pow_removetheguesswork
CONSENSUS MECHANISMS - PoW vs PoS Hey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them. Do you know what a consensus mechanism is? Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole. In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network. The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake). PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented. All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH. PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn. If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano. Do you have any question? Let me know! Have a great Sunday, Alkalites!
COINBASE:BTCUSDEducation
by CryptoAlkaline
3
Trade Review: How I been making consistent 80% returns W/ PROOF!In this video I will reviewing trades I took on the first week of August. going full in depth explaining how I traded these tickers with a new strategy i been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:SQEducation
by Raulf-m
HOW TO BE THE 1% 🤔💫🤩 Our culture is obsessed with the rich, famous, and successful people, yet what is left behind is both the hard work and sacrifices of those who «made it» And millions of those who failed miserably en route to fame and became nothing. There are multiple theories on and philosophical systems, that reflect on success, but ill bring out the key points:🔑 ➡️ Genetics, upbringing, and connections determine 70% of the outcome. Oh yes, as much as we don’t like to think about it, it is genetics that determines our capacity for sports, singing, our intelligence, speed of reaction, etc. For example, musical talent is determined by the specific structures in the brain, and some people have those from birth, and some people do not. These structures might differ by a factor of 10.000 from person to person, even though the brain size would be the same. So you might spend 20 years in musical training and be good, but you will never be a Mozart without those structures in your brain. Training and upbringing, In turn, affect whether you will be able to use these Brain structures, as well as the society in which you were born, determines if your talents will be useful or not. One might be born a genius mathematician, but if he did not get good training, or if he was born in the dark ages, his talent would have been wasted. One's family and social circle affect which connections will the person have in adult life , and it is for better or worse but cronyism and nepotism as still widespread, And the connected ones, even without being super bright, usually outdo those that aren’t. ➡️ Pareto 20/80 Rule, or risky business VS the safe one. Almost everything in life follows the Pareto Rule, which says that 20% of your effort brings you 80% of the result. There is another interpretation too: 20% of people will have 80% of all success in the given industry. This rule applies best and in its extremes to the high-end risky businesses with ultra-high failure rates paired with the ultra-high payoff. These industries are Acting, Music, Sports, and Trading! As you can see, in acting, which is the extreme case, 1% of the actors make 80% of the Income generated by the industry. The same goes for music and sports where the select few make the big buck, and those that aspired but failed, barely make a living. Compare this to being an engineer or a doctor. The failure rate is much lower, which lowers the risk of entering the profession, but the highest potential income is lower too! This applies to Trading too, as once you’ve learned how to be consistently profitable, the sky is the limit. There is no difference in the cost of labor or time spent on making a trade with the risk of 100$ and making a trade with the risk of 100.000$ Of course, at some point, your trades will get so big, that YOU will start moving the market trying to enter the trade, but that’s a story for another day. ➡️ Your power of will, determination, patience, and readiness for sacrifice. Trading is a unique industry, where ANYONE can succeed , without needing a diploma, connections, or looks. In essence, trading at its core is about pattern recognition . You discover a pattern, learn to find it on the chart, and then find a way to use this knowledge to extract monetary gains by playing this pattern with the probability being on your side. That's it. That easy. Then why is it, that 99.9% of those who try trading, ultimately fail? In my years of trading, I’ve noticed a pattern: 💡 A - GET RICH FAST attitude B - Do not spend time educating themselves C - Do not treat Trading like a business D - Lack of Patience E - Can not follow rules ⚠️ People think that forex is a Magic Money Tree, just stretch forth your hand, and you will drown in gold … In reality, however, learning to trade will take YEARS , will cost you a fortune and no one will guarantee you success. HERE IS MY ADVICE TO THE NEW TRADERS: 🤓 🎯 HAVE THE RIGHT MINDSET 1)Prepare for failure, disappointment, and tears 2)Realize that you will train for YEARS 3)Learn to fight and not to give up 🎯 GET GOOD HABITS: 1) We ARE our habits , so recognize what is good for you, and make it a habit 2)Staying in good health is underestimated, while in reality, your physical condition has a direct effect on your mind. 3) Work on your mistakes. You will never learn If you do not access your previous work critically. 4) Make a plan for a week , then break it into daily tasks. Do it for a month and that will become a habit. 🎯 MANAGE YOUR FINANCES WELL 1) Learning to trade is expensive and time-consuming, so make sure you have an income. 2) Learn basic financial literacy and spend less than you make. Easy right? But if you lose an account that cushion will help. 3) Do NOT quit your job the moment you became profitable. This sounds obvious, but the market will test you multiple times, and unless you’ve got enough savings to last for 1 YEAR without working, ditching a stable source of income will not only make you vulnerable but will also affect you mentally which will negatively affect your trading. 📈 FOLLOW these steps and you will increase your chances of success in trading by a factor of 10! PLEASE LIKE AND COMMENT TO GIVE ME A BOOST!
Education
by SignalProvider
14
Clean S/R Flip of Previous Range Highs - Crypto BullishWatching Total 2 closely for alts to continue further upside. Looking for a clean S/R flip of the previous range highs. Currently Looking Good!, forming a nice symmetrical triangle as well. We need to be cautious of a fake out to downside, but mainly looking for the apex of the triangle to hold to confirm that bulls are in control for a break to the upside. If we can break out on this alt coins will continue much high upside! 4 hour chart Below - Looks real clean on this. I think alts are getting ready to go again when/if this breaks to the upside. Let me know your thoughts in the comments below! #bitcoin #eth #420Investments
CRYPTOCAP:TOTAL2Education
by Moonseekers
How to read an Income StatementOne of the three major financial statements used to reflect a company's financial performance during a certain accounting period is the income statement . The income statement shows a company’s revenue and expenses over a period of time. It is also called a Profit and Loss statement or P&L. The most common time periods of reporting are: 1. 1 quarter (90 days) 2. 1 year (365 days) 3. TTM (“trailing twelve months”) 4. YTD (year to date) Companies usually show the income statement in the quarterly earnings press release but not always. You can find them by looking at: 1. 10-Q (quarterly report) 2. 10-K (annual report) The income statement focuses on four key items— revenue, expenses, gains, and losses . It makes no distinction between cash and non-cash revenues (cash sales vs. credit sales) or cash vs. non-cash payments/disbursements (purchases in cash versus purchases on credit). The income statement flows in a step-down manner. The top number is revenue (sales) and costs are subtracted as you go down. Let’s take them one by one: 1) Revenue – this is the amount received or to be received from the sales of products/services during this period. Sales revenue is net, meaning it includes discounts, returns and any other deductions from the sales price. 2) COGS (cost of goods sold) – this figure shows all of the costs & expenses related to producing the product or that service. If you sell smartphones these would be the variable costs of: chips, plastic, labor costs, etc…to manufacture smartphones. 3) Gross profit – this is Revenue – COGS. It is also called “gross income”. 4) Operating expenses (OPEX) – a category that includes all costs to run a company’s day-to-day operations. These categories may include: Research and Development (R&D), Sales, Marketing, Selling, General and Administrative (SG&A), Overhead (rent, utilities, travel, salary, bonus, stock-based compensation). 5) Operating income – Gross Profit – OPEX. This shows how much profit a company earned from its ongoing operations. It is also called “EBIT”, which stands for “Earnings Before Interest and Taxes”. 6) Interest Expense – The amount of interest paid during this period. This can also include other types of financing charges like loan origination fees. 7) Pre-tax income – OPEX-Interest Expense. Also called “EBT” or “Earnings before Tax” 8) Income Tax Expense – Taxes paid to federal and local governments. 9) Net Income – Also called earning or profits. If the number is positive the business is profitable. If the number is negative, the business is unprofitable. To calculate “Earnings per share” or EPS we must divide the net income to the amount of shares outstanding a company has. For example: If a company makes 10 million and it has 1 million shares outstanding, each share is entitled to $10. An income statement may provide a lot of information about a company's operations. It comprises a business's operations, managerial efficiency, potential profit-eroding leaky areas, and if the organization is operating in line with industry peers. Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
NASDAQ:AAPLEducation
by financialflagship
23
A trading plan - What is it and why do you need one?In one of my previous publications I stated that the majority of new traders fail in the first 90 days of their trading "career". I also mentioned that one of the reasons for it was the lack of a trading plan. So what is a trading plan and why do you need one? Rather than explaining, I decided to give you an example. Below is an elaborate example of a trading plan. If you read through it, you'll understand what purpose it serves on a daily basis. The goal of this publication is to give you an idea on how to build one for yourself that fits YOUR needs. ############################## TRADING PLAN 1️⃣ Trading Philospophy/Psychology I believe successful trading is a learned SKILL. It is a science, and consistent profitability is achievable and can be duplicated. I define success in trading as total financial freedom. The ability to stay home with my family. The freedom to choose my own schedule, and the ability to provide those I love with every excess, comfort and opportunity possible. My mental state is a major factor in my success as a trader. I will constantly assess and adjust my trading state in order to mainatin a mindset conducive to greatness. I accept as a fact, that my success is unlimited. I can achieve anything. Where others see impossibility, I will see unlimited opportunity. I will be disciplined in every regard, and at all times as it relates to my trading plan and execution. I recognize that I am in the markets to become a full time trader. I am interested in profit. Trading is my business. I accept as a fact that I will have losses. I will apply strict money management rules in order to limit those losses and maximize my profits. Markets control themselves, my sole goal is to participate. I trust my setups as I have backtested them and know how they perform historically. I am an aggressive swing trader in the forex market. I use harmonic patterns and structure as my basis for entry in the market. I will continue to educate myself on every aspect of trading, with the goal of broadening my market knowledge, and expand that knowledge into cryptocurrencies. Setbacks are expected, but failure is not acceptable. There is only one option, only one end ... Success... 2️⃣ Trading Goals On a daily basisI will try to find 2 good trade setups that answer my risk/reward criteria. I will not trade more than 2 setups per day. My goal is to reach 60% profitability, which at a Risk:Reward ratio of minimum 1:1 will guarantee constant increase of my equity. On a monthly basis I strive to achieve an equity growth of minimum 5%. My goal is to become a full-time trader. In order to switch to full-time trading and quit my daily job, the following requirements need to be met: A reserve capital needs to be built up that allows to maintain my current lifestyle without any other source of income. 50% of my total average profits per month should cover my monthly expenses, allowing me to live off trading while building my equity If above requirements are met on average 6 months in a row, I will quit my daytime job and commit to full-time trading. 3️⃣ Daily Routine Each morning I will wake up no later than 07:00, take a shower and have breakfast. The latest at 08:00 I will start my analysis and look for potential trade setups. I will also check what news is relevant for that day. While I am still on my daytime job, I will enter my trades with a market order if setup occurs during analysis time, with a limit order if it falls within my daytime job working hours. Limit orders will be avoided as much as possible once I amable to revert to full-time trading. On Mondays I do not place any trader before the US session open. On Fridays I will not place any trades after the NY mid-session. I will not open a new trade within 4 hrs before an important news even is expected/planned that might have an impact on the currency pair in question. I will aslo wait at least 1 hour after the news event to open a new trade for that pair. Therefore it is extremely important to be aware of upcoming news events. 4️⃣ Technical Analysis I will perform a top-down analysis of every pair that I trade during my daily technical analysis. I will determine the daily timeframe to determine whether the pair is trending or in consolidation and to determine relevant structure zones. After that I will go to my trading timeframe 120/240 minutes to look for potential trade setups. 5️⃣ Trade Setups 🅰 Structure Trades ➖ Bounce of structure: ► Trading Method: check for minimumof 3 instances within the last 15 days where price action bounced off the structure, wait for candle closure and enter next bar market ► Targets and Stop Loss : § Trend following - TP1: 75% position size at .618 retracement of previous move - roll SL to 0.382 fib - TP2: 20% position size at 100% retracement of previous move - roll SL to 0.618 fib. - 5% of position remains open with a trailing stop 25 pips (and maximum.618 fib) § Counter trend & Consolidation - TP1: 75% of position size at .382 retracement of previous move - roll SL to break even - TP2: 20% of position size at .618 retracement of previous move - roll SL to .382 fib - 5% of position remains open with a trailing stop 25 pips (and maximum .382 fib) ➖ Break of structure: ► Trading Method: wait for break and close below/above previous structurewith a min of 20 pips, then look for a retracement into previous structure. If structure holds on candle close, enter next bar market. ► Targets and Stop Loss: - TP1: 75% at lowest low/highest high of the move that broke the structure, roll stops to break even - TP2: 20% at 1.618 extension of previous move - roll stops to previous LL/HH - 5% of position remains open with a trailing stop 25 pips (and max previous LL/HH) 🅱 Harmonic Patterns ➖Bat pattern .... * * Note : I have omitted the rest of the setups here to keep the publication a bit shorter 6️⃣ Traded currency pairs EURUSD GPBUSD USDCAD EURNZD ... 7️⃣ Weekly evaluation In order to improve my trading analysis and to learn from my mistakes, during the weekend I will do an analysis of my trades during the week. To be able to properly analyze trades: I will keep a journal of my trades with entry, profit targets and stop loss. I will alos make ascreenshot of the analysis done before entering the trade and the result after the trade is completed On the completed trade screenshot, I will makr any related events that might have influenced the trade. I will make a list of eventual mistakesmade and create an action plan in order to avoid them in the future. This action plan will be added to this trading plan. 8️⃣ Final Notes This trading plan is my road map to success. Not following this plan will result in inconsistent results and potential failure. Sticking to the plan is a must in order for my trading business to succeed andto becomean independent consistently profitable trader and free myself from working for an employer. It will give me financial freedom and is the only way I will be able to reach my goals. 💪🏽 STICK TO THE PLAN! 💪🏽 ############################## 💡 Alright, so now you saw an example of what a trading plan could look like. Having a clear and concise trading plan is crucial for concistent trading results. ❔ Do you have a trading plan? Does it look similar? Is there something you think is missing? ❔ If not, was this publication helpful and will you create one for yourself? Why? Why not? Look forward to your comments below. Oh, and if you like this post, you know what to do! 👍🏽 Thanks for your visit! 🙏🏽 PS : also check out my other educational ideas below
Editors' picks
Education
by Nico.Muselle
98
Dealing with "failure" in your trading 😎Failure in trading is frequent, yet for some it is permanent and for the few it is temporary, the choice is always yours! In this video we go over our advice on how you should deal with failure so you can keep it as a learning experience and grow and develop as a trader! If you're having challenges in your trading and cant seem to find solutions to them just send us a DM and we'll do our outmost to help you overcome them and find solutions to your "trading problems' :) Have a great day!
DEducation
by PrimedGroup
1
Learning the TradingView Platform: Introduction to the Top PanelIn this video we will be covering what the Top Panel has to offer and some of its functions. This will be the first part of a video series where we will be providing video walkthroughs of tools and items on the TradingView platform. We hope that this helps both the brand new TradingView user as well as the seasoned user. Feel free to let us know what features you want to learn more about below!
Editors' picks
AMEX:SPYEducation
by TradingView
72
Trade like a casino! 🎰🎲💵Yep you heard me right you need trade like a casino 🎰 Key bit here is trade like the casino operates their business model. Don't trade like the clients that frequent the casinos. Why should you trade like a casino? Profitable traders understand how casinos are successful. Casinos are profitable and make money because they have an edge which they let play out. They know probability is in their favour. How many times have we all been at a roulette table thinking we have a 50% chance of winning betting on red or black. We all seem to forget about that green zero on the table and here in lies the casinos edge. With having an edge they let play out it's impossible for them not to make money. The casino is comfortable with every outcome on the bets placed knowing the edge will play out. Losses are seen as a cost of business, risk is controlled and emotions to are in check. This is why the house always wins! 🎰🤑 If you as a trader apply the same logic's to your trading strategies the end results will be the same as the casino. If you choose to trade like one of the clients in the casino with no fixed rules you essentially are gambling with you trading. Subjectivity and emotions will come in to play. Random winning and losing runs will occur which will impact trading psychology. This way of trading will only end in one way and that's by giving everything to the house or in this case your broker! Development of a strategies with proven mathematical edges ensures you will become the house 🏦💰 Once an edge is established trust your strategy and let that edge play out. ----------------------------------------- Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Thank you. Darren
Education
by pow_removetheguesswork
History of Forex | From Ancient to the Modern Day We have come a long way from the previously practiced barter system to the modern-day system of trading currency. Following is a brief summary of the evolution of currency and how it gave rise to Forex Trading. Here are the main stages that are illustrated on the chart: 1️⃣The Ancient system of Trading - Trading with Gold As early as 6th century BC, the first gold coins were produced, and they acted as a currency because they had critical characteristics like portability, durability, divisibility, uniformity, limited supply and acceptability. 2️⃣Bank Notes Originated - Deposited Gold in banks in exchange for banknotes 3️⃣Role of Geography - Various banks of different regions printed different currencies Gold Standard - Currency pegged to gold In the 1800s countries adopted the gold standard. The gold standard guaranteed that the government would redeem any amount of paper money for its value in gold. This worked fine until World War I where European countries had to suspend the gold standard to print more money to pay for the war. 4️⃣Bretton Woods System - Currency pegged to USD The first major transformation of the foreign exchange market, the Bretton Woods System, occurred toward the end of World War II. The Bretton Woods Accord was established to create a stable environment by which global economies could restore themselves. It attempted this by creating an adjustable pegged foreign exchange market. An adjustable pegged exchange rate is an exchange rate policy whereby a currency is fixed to another currency. In this case, foreign countries would 'fix' their exchange rate to the US Dollar. 5️⃣Birth of Floating Currency - Currency that is not pegged to any assets or other currencies is known as a 'floating currency'. And what will be next? Very hard to say but blockchain technologies will make the system change again. ❤️Please, support this educational post with a like and lovely comment❤️
Editors' picks
OANDA:XAUUSDEducation
by UnitedSignals
27
Impact of Fed Unchanged Interest Rate and Gold PricesHere I tried to show the movement of the day when Fed announces its unchanged Interest Rate decisions during the last 6 times. As you can see, the gold prices had been quite volatile during the last Fed decision on June the 16th and shed 1.45%. Since then, the yellow metal has not been able to overcome the loss and is in the downward trend. Please note that this is shared for educational and informational purposes only and is not intended for financial decisions. If you like the idea, please like and comment :)
OANDA:XAUUSDEducation
by UnknownUnicorn621491
Manage your emotionsTrading requires focus. It is crucial for traders to know exactly what to do to control their emotions while trading. It is also important to know when to accept a loss and move on. Here are 10 tips from the pros to manage your emotions while trading: 1) Manage your stops carefully. A cautious approach to stops and limits will keep you from making rash decisions. It hurts to get a trade stopped out, but over time you will save money on losses. Your trading journal can give you useful comparisons on levels for stops. 2) Don’t marry your positions. It’s easy for a trader to get stubborn, and to hold on to a trade just because he ‘hopes’ it will turn around. Close down a bad trade as soon as possible, take your loss and move on. Your trading journal will suggest the next move. 3) Follow each trade with a break. Trading goes on at a rapid pace, so don’t get caught up in the action. Take a moment to think about something else, and then come back and deliberate. Now look at your trading journal to get the next idea. 4) Set a fixed point at which you stop. After three, four, five or whatever number you choose, stop for a good long break. It’s when one trade follows another that most mistakes happen. Consult your trading journal and review your strategy. 5) Don’t keep track of profit and loss. Doing the math on your earnings will only get your emotions working. Concentrate on your trading strategy, and review your trading journal to develop it. Then, at the end of the trading day, you can check out how well or poorly you did. 6) Keep your mind on the plan. Don’t let the results of a few trades change your overall strategy and approach. Stick to what you have learned and what you have planned – use your trading journal to develop your next moves. 7) Don’t confuse prudence with fear. You want to trade prudently, using logic and reason. This may make you hold off on a trade. But make sure that prudence, and not fear, is behind your decision. Fear can wreck your trading by keeping you from making a trade. Use your trading journal to see if the trade makes sense, follows previous wins, or if the trade just doesn’t make sense. 8) Watch out for greed. Greed can make you stay in a trade when you had planned to exit, hoping to milk it for a little more profit. Such trades risk turning out badly, just when you thought you were winning. Use your trading journal to judge the best exit points based on past behavior. 9) Don’t act on anger. When you’re angry, hold out, wait until reason takes hold. There is no worse trade than a “revenge” trade, in which a trader follows up a loss by jumping right back in to recoup. Consult your trading journal to get back on track. 10) Don’t give up. There comes a point in every trader’s life when it just doesn’t seem worth it anymore. Don’t let yourself be intimidated. Trading is tough, but you can win.
Education
by MoonBets
5