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Become a TOP 1% Trader 🔸🔸What it takes to become TOP 1% Trader? Everybody wants to succeed in the trading game, but what's the actual formula? 🔸🔸What can we learn from the most successful global hedge fund Renaissance Technologies? How did the Japanese legendary trader Takashi Kotegawa become a TOP 1% Trader? Rules of life of undefeated savage Japanese samurai Miyamoto Musashi. 🔸🔸RetTec flaship fund got 40% CAGR over a period of 30+ years, which is an exceptional trackrecord in the industry. RenTec utilizes HFT trading and uses multiple quantitative / statistical / data science models to gain an edge over the market. RenTec is one of the most secretive hedge funds in the industry, however it's clear that the fund relies on algo trading to generate it's exceptional returns. 🔸Complex Models: Renaissance's models are built upon intricate mathematical models and statistical analysis that leverage massive datasets. 🔸High-Frequency Trading: The firm executes trades at breathtaking speeds, taking advantage of fleeting market inefficiencies. Key takeaways from RenTec success 1) Use algo trading / HFT trading to gain an edge over the market 2) Use data science / quant models to identify patterns 3) Use proper risk management for capital protection 4) Do not overleverage / use leverage over x20 🔸🔸Takashi Kotegawa is a legendary Japanese trader who turned initial investment of 13 000 USD into 150 mln USD trading Japanese stock market. 🔸🔸Risk Control: His approach to managing risk ensures that trades are executed within safe limits, without jeopardizing overall financial stability. 🔸🔸Seizing Opportunities: Kotegawa's ability to swiftly identify and act on market inefficiencies underscores the importance of vigilance and quick decision-making in trading. 🔸🔸Takashi Kotegawa keeps himself out of the spotlight and gives virtually no interviews. That's one of the reasons why we don't know much about him and there are only a few pictures available on the internet. Key takeaways from Takashi Kotegawa's success 1) Disciplined approach to trading 2) Enter / exit trades and make fast decisions 3) Grind alone and stay out of spotlight 4) Remain humble do not show off keep low profile 🔸🔸The majority of the Japanese people know Musashi Miyamoto as Japan's most famous and most skilled swordsman. His status among the Japanese has reached mythic proportions in the same measure that Westerners would give to Muhammad Ali or Michael Jordan. The life of Musashi is the gold standard of samurai in Japan. 🔸🔸Musashi's introverted nature, which manifests as a preference for being alone or engaging in solitary activities, allows him to focus on his own thoughts and ideas. He is particularly skilled at problem-solving, often finding unique and unconventional solutions that others may not think of. 🔸🔸Musashi's approach to winning was formed from repetitive disciplined training, focused practice, knowing his opponent and unorthodoxy. Key takeaways from Miyamoto Musashi success 1) Grind alone and become savage 2) Develop your own strategy unlike any other 3) Outsmart your competition always stay sharp 4) Become ghost and lead a low profile life 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
18
CHFJPY - Easy 1000pip Trade.. Atleast!Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline! We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch! Trade Idea: - Watch for reversal within the fibs - Entry on break of trendline or you can use lower timeframe BOS or other methods - once entered, put stops above price - Target the recent lows as first target (165.5 (1000pips) - Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping. What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
1
EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing.... On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support. EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089. Resistance levels: 1.11, 1.1125, 1.115 Support levels: 1.107, 1.104, 1.100 ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2
How much money can you make in Forex?🔸Consistentcy is the key - top professional traders aim to generate 20-30% returns / per month, obviously depends on account size, risk tolerance, max DD, std lots exposure and multiple other factors. 🔸Depends on your trading style and risk profile, obviously. Currently algo traders / full-auto systems generate the best returns. 🔸Forex trading bots are automated software programs that generate trading signals. Most of these robots are built with MetaTrader, PineScrips, Python and cAlgo. 🔸High-risk compounding strategy: Assuming you can double your cash multiple times in succession and start with 1,000 dollars, the 10th time, you would be a millionaire. It implies that assuming you contribute $ 1,000 and double, you contribute $ 2,000 and double, then, at that point, you do it from time to time, you will be a millionaire when you double your money the 10th time. 🔸Lower-risk strategy: risking no more than 1-5% per trade, limiting your exposure via trailing SL strategy or adjust SL to BE as soon as the trade generates decent pnl 🔸If you want to separate yourself from the 90% (probably closer to 95% in my opinion) of traders who lose money consistently, you have to think differently. 🔸Most Forex traders overtrade and overleverage their accounts in an attempt to make 50%-100% profit or more every month. 🔸So to be in the top 5% to 10% of traders, you have to do the opposite. You have to put more focus on how much money you could lose rather than how much you can make. 🔸A higher win rate gives you more risk/reward flexibility, and a high risk/reward ratio means that your win rate can be lower and still stay profitable. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
15
EUR/USD Faces Downside as Powell's Hawkish Remarks Boost USDThe EUR/USD pair remains under pressure as Fed Chair Jerome Powell's hawkish remarks on Monday continue to support the US Dollar (USD), capping any significant upside potential for the Euro (EUR). Powell’s stance suggests that the Federal Reserve is still focused on curbing inflation, which has strengthened the USD and weighed on the major pair. At the same time, expectations for more rate cuts by the European Central Bank (ECB) have contributed to keeping a lid on the EUR/USD. This comes ahead of key economic data releases, particularly the flash Eurozone Consumer Price Index (CPI) for September. The pair, as predicted last week, is currently trading within a supply area, with price action forming a double top pattern. According to the Commitment of Traders (COT) report, retail traders remain extremely bullish on the Euro, while larger institutional players are more cautious, signaling potential downside risks. The flash CPI report, due later today, is expected to show that inflation in the Eurozone likely fell below the ECB’s 2% target in September. This follows a notable drop in Germany’s CPI to its lowest level since February 2021, which reinforces expectations for a 25 basis point rate cut at the ECB’s next policy meeting in October. A softer CPI print would likely reaffirm these rate cut bets, applying further downward pressure on the Euro. However, even if the CPI reading comes in higher than expected, the market reaction could be muted. The modest strength of the USD, supported by Powell's comments and the overall hawkish stance of the Fed, suggests that EUR/USD may struggle to gain upward momentum. The path of least resistance for the pair remains to the downside, as the technical setup points to a potential bearish continuation. In conclusion, with the EUR/USD pair trading in a supply area and forming a double top, coupled with a cautious outlook from institutional traders, the risk of a bearish continuation looms large. Key economic data, including the Eurozone CPI, will be closely watched today, but the fundamental backdrop remains in favor of the USD, keeping pressure on the pair. Traders should remain alert to further downside movement, especially if the ECB rate cut expectations solidify. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
5
HelenP. I Euro will break support level and continue to decline Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to the trend line and then at once rebounded up. Then the price reached the support level, which coincided with the support zone, and even made a fake breakout, after which declined below. Next, the price broke this level, made a retest, and then continued to move up to the resistance level, which coincided with the resistance zone. Euro entered to resistance zone, but soon turned around and dropped to the trend line, making a fake breakout of the 1.1150 level. Some time later price rebounded from the trend line and quickly backed up to the resistance zone, breaking the 1.1150 level one more time. Euro some time traded near this level and a few moments ago dropped to almost the support level, thereby breaking the resistance level with trend line. For this case, I expect that the Euro will fall to the support level, then make a small move up, after which break this level and continue to move down. Or, it can break the support level at once and continue to decline, without movement up. That's why I set my goal at 1.0800 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
Euro can exit from range and continue to decline nextHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price entered to wedge and at once started to decline to the support line from the resistance line. After this, the price turned around and made a strong impulse up to the resistance line of the wedge and then at once made a correction movement. Next, EUR continued to move up and soon reached the 1.1030 support level, but at once made a correction to the support line of the wedge and then rebounded up, breaking this level. After this, in a short time, the price rose to the seller zone, where it turned around and started to decline. Euro exited from the wedge and started to trades inside range, where it fell to the buyer zone. Soon, the price turned around and rose to the 1.1180 resistance level, which coincided with the top part of the range, making a fake breakout of the 1.1030 level. Also then, the EUR tried to break the resistance level, but failed and a not long time ago dropped to the support level. Just now, the price trades very close to this level inside range. For this reason, I think the price can break the support level, thereby exiting from the range and continuing to move down. Therefore I set my TP at 1.0920 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
EURUSD Channel breakout and further potential drop after a correEURUSD has sharply declined following news of escalating tensions in the Middle East, which triggered a surge in the DXY, pushing down other currency pairs. The market formed a double top at the resistance level and failed to close above it. Currently, it is heading toward the bottom of the range. Zooming out, you'll notice the price action has been oscillating between 1.10200 and 1.12000. A pullback may occur before the market continues its downward movement. The target is the support level at 1.10300
Short
by RTED_Investing
EURUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1028 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1076 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2