Forexeducation
US30 4H sellA look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
Gold short term sellMy thoughts on gold price action. R:R = 1:2. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. ALWAYS APPLY PROPER RISK MANAGEMENT
NZDUSD 15min sellNZDUSD shows some bearish momentum on 2H and 4H so I think it'll continue to drop at least within the earlier described consolidation range. My setup provides an entry on a 5min OB with a 1:1.2 R:R. NOTE: ALWAYS APPLY PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
NZDUSD 2H bullish reentry updateIf you took my setup on NZDUSD 2H bullish reentry please exit. Price obeyed my entry zone on 15M but it does not show any bullish momentum at that price zone so it'll most likely drop to go buy at a discount
Failed US100 setupHad posted this setup earlier but SL was hit though I had moved my SL lower. Still watching price action so that I can decide whether to close or hold
NZDUSD 2H bullish reentryNZDUSD still shows bullish momentum and has broken structure upwards on low timeframes. I believe that it has entered a consolidation range between 6288 and 6154 that we might take advantage of. My setup provides a 1:2 R:R bullish re-entry. NOTE: THIS SETUP DOES NOT GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT
Sell possibility The price will continue with the original move (short) only if the current price goes up to fill the OB area then wait for its reactions with LTF to give us a possible sell signal in the lower time frames M1 to M5. And other reasons would be that the price will mostly reverse up and find an AOI for the central banks to find an area to put their orders in blocks as a potential sell. But its not yet valid let wait for the reaction
US100 1HFrom the setup I shared yesterday, Nasdaq obeyed our order block but price hasn't showed any bullish momentum. However, It has broken low time frame structure and created a new order block on 1H that we might use to take our buy chances. The setup holds up to 1:3 risk:reward. NOTE: PLEASE USE PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
NZDUSD 2H resultShared the setup yesterday. TP1 was already hit. Let's see how it'll play out. You can close or secure profits with SL if you intend to continue holding.
Gold 4H resultShared this gold setup yesterday and price obeyed the 4H order block to rally up. TP1 was realized. NOTE: ALWAYS APPLY PROPER RISK MANAGEMENT
US1OO 4HNasdaq created a bullish impulse last week breaking above 4H highs. It is currently moving downwards possibly as a retracement to fill the liquidity void to the 4H order block which might be a safe place to enter a buy order. If price obeys the order block it may rally to fill the gap at 1174 or go higher to fill the liquidity void to the previous point of market structure broken at around 1184. My setup offers from 1:7 to 1:2 risk:reward. NOTE:USE PROPER RISK MANAGEMENT.
NZDUSD 2HNZDUSD shows bullish momentum having broken above previous 4H highs. A place of the fib retracement on the bullish impulse gives us a demand liquidity zone at the 50% fib level which might be a safe zone to enter a buy yo previous high or to a previous 4H order block above the previous highs. My setup offers 1:2 to 1:4 risk:reward if price rallies to the mentioned above 4H order block. NOTE: APPLY PROPER RISK MANAGEMENT
Gold 4HGold is still bullish. It created higher highs on 4H last week and so I think it might retrace to the 4H order block from where it might continue bullish to take out previous highs not yet taken. My trade setup is at least 1:2 risk:reward. NOTE: APPLY PROPER RISK MANAGEMENT
My take on GoldGold shows a pause or stop in the bullish move on higher timeframes which might indicate that a retracement might begin. A look at the lower timeframes shows some bearish price action and one might take a risk on a short term sell. My setup gives a 1:2 risk:reward. Remember to ALWAYS consider risk management and don't risk more than 4% of your equity
EURNZD || Going Short || Week 6Series of LLs and LHs : DownTrend
Price Action with a Downward Trendline
LH @ 0.5 Fab Retracement Level
Going Short with 1/1.5 R/R
swing trading My name is Shavarie. I am a swing trader. Trade forex is what I do on a daily basis. At the age of 15, everything began. I got started in the financial markets because of my love for a wealthy lifestyle.
I wanted to succeed at this game in order to avoid working a 9 to 5 job and living an average existence. When I was a child, my mom worked hard nearly all of the time. She was typically exhausted from all the stress at work when she arrived home.
I therefore made the decision to choose a life of my own choosing at a very young age. My primary drive was this. Undoubtedly, I too had worldly aspirations.
The most significant one was genuinely living life on my own terms. I struggled a lot in school because I had an issue with my school average performance. I had no choice than to run my own business. But given your youth, lack of company management training, and limited funding, how could you possibly pull that off? After doing a little bit of research, I discovered forex trading. I loved the concept of making my money work for me, so I was determined to become an expert in this area. I can now declare that I have perfected this technique after 3 years. I traded for a living and lived an independent life. Freedom for me is the ability to do what I want every day.
It wasn't always that way. Numerous attempts failed, particularly in the first two years. While I was working at shady jobs, I blew up a few accounts. I wanted it so bad that I invested almost all of my side-hustle income into my trading account. This was one of my main issues back then, as I now realize. I was desperate for it. I wasn't actually trading since every time I suffered a loss, I wanted to recover it as quickly as possible. Most of the time, I was just gambling, and I always felt bad after a trade went wrong.The emotions were like being on a turbulence .Regardless of how much it was a struggle sometimes.
The thrill of trading was incredibly fun for me. I was motivated by the concept of using my money to work for me. I created techniques and put many of them to the test in an effort to master this skill set. I learned that there are numerous strategies for continuously making money in the markets, but most traders fall short in these two areas. Money management and attitude. I was aware that in order to succeed, I would have to become an expert in these two areas. And I carried it out in that manner.
Currently, other traders who want to succeed in this industry are using my knowledge. I'm not a financial advisor, but a reasonably skilled trader who knows how to master a trading skill set . When playing this game, consistency is crucial.
I can teach you everything you need to know to become a consistently winning trader who dominates the market because I have the knowledge and experience.
The continuous feedback loop of a successful traderDo you know what’s more important than winning in trading? It is knowing exactly why you actually won . Why? So that you can do it constantly. Needless to say, it is equally important to know why you lost when you lost.
The successful trader is constantly winning money, no matter the conditions. The economy may be in recession … or not … Algorithmic trading may be accounted for most of the trading volume . The volatility may be over the edge or down to ridiculous levels due to the summer holidays. So what … these are all part of the job . You need to make money because this is your job and if you complain and blame external factors for your poor results then think about choosing another profession.
Many would ask how is that possible … to constantly make money in ever-changing markets? Among the other 999 little things, your overall strategy is built upon there is one directly linked to your consistency. That is the continuous feedback and adjustment loop of your trading approach . This is where your post-trade analysis takes place and where you should find out WHY you won or lost.
For a discretionary trader, this feedback loop is not an easy thing to put in place, but it’s crucially important to have it. Because, the more useful you want the feedback, the more accurate the analysis should be. The difficulty of building the whole feedback mechanism is finding a fine balance between the depth of the trading details you take into consideration and the time and effort needed for analyzing them. From personal experience, I can tell you that you may fail to have a useful mechanism if you are too superficial. You might as well get lost in “analysis paralysis” as well as if you go too deep. That level of needed compromise is somehow personal. You know you’ve reached it when it can answer the following questions:
1. Is your selection technique giving you enough opportunities per your time frame?
2. Are your entries able to give you the price moves you want?
3. Are your exit techniques able to cut your losers short and let the winners run?
If the answer is “No” to any of these questions then you need to ask the next question “Why?” and dissect the effectiveness of that particular technique. Be ready to do the required adjustments if necessary.
There is a point in a trader’s career when being able to answer these questions alone will be more useful than an advice from the mentor. From that point on you can be on your own.
Best regards!
Mihai Iacob
SMC Education - Flip + CHoCH Entry Module.!This Content is for Education Purpose only.!
Smart Money Concept ( Flip + CHoCH Entry Module ) as I mentioned in the Chart.!
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How to Trade the Cup and HandleHello trader, hope you are having a profitable month.
so,
There are several ways to approach trading the cup and handle,
but the most basic is to look for entering a long position.
Place a stop buy order slightly above the upper trend line of the handle.
Order execution should only occur if the price breaks the pattern’s resistance.
Traders may experience excess slippage and enter a false breakout using an aggressive entry.
Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level,
attempting to get an execution if the price retraces. There is a risk of missing the trade if the price continues to advance and does not pull back.
A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout.
For example, if the distance between the bottom of the cup and handle breakout level is 20 points, a profit target is placed 20 points above the pattern's handle.
Stop-loss orders may be placed either below the handle or below the cup depending on the trader’s risk tolerance and market volatility.
Limitations of the Cup and Handle Pattern
Like all technical indicators, the cup and handle should be used in concert with other signals and indicators before making a trading decision. Specifically, with the cup and handle, certain limitations have been identified by practitioners. The first is that it can take some time for the pattern to fully form, which can lead to late decisions. While one month to one year is the typical timeframe for a cup and handle to form, it can also happen quite quickly or take several years to establish itself, making it ambiguous in some cases.
Another issue has to do with the depth of the cup part of the formation. Sometimes a shallower cup can be a signal, while other times a deep cup can produce a false signal. Sometimes the cup forms without the characteristic handle.
How to build a Mechanical Trading strategy? Building a mechanical strategy is usually overcomplicated. As long as your system contains simple but well defined and detailed rules it allows the strategy and the trader to execute with as little friction as possible. Take a look at the example included in the photo as we diagnose problems and optimze the trading plan to it's full potential.
