NZDUSD - Short IdeaLooking at a 4-Hrly chart of NZDUSD, with expectations that we are ready to see this move lower.
Gann
BTC Daily - Short My opinion on BTC, looking for a short
Looking to short BTC as it moves up into the premium side of the market.
Getting REAL with trading and the pressures of lifeMarketers will hype up how easy trading is, only to disappoint you and leave you broke
In an age of significant change and transition ITS OKAY TO BE THERE FOR EACH OTHER
At MTOPS there are dedicated rooms to share the struggles and get real. Its important to remember that you're not struggling alone, humans are humans, and we gotta support each other through that
I am HAPPY. Got incredible news this morning. And algo works!!I am so holistically happy. Life just ramped up onto an entire higher octave
Last night I witnessed my new algo running beautifully, thus absorbing my 'open trade' anxieties.
This morning it's confirmed my 3rd child is on their way
We're buying a new house and my wife gets to be a full time mom again.
Life is immeasurably great
The age we live in makes me tear up with joy. I hope the same for everyone reading these words.
Building systems to support yourself whilst your busy livingI am putting all of my energy in to coding support mechanisms for when I am doing real life activities
If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer
We live in a n age were we can build our own tools to support us
I recommend each trader gets familiar with how to code, as you can have the best of all worlds these days
I also firmly believe that markets are 'future proof' and winning at this game will have offer more support than many of the other industries the Western World have created profit from. We're in a rapidly changing world, and its an adopt or drop off environment for many.
For those on the fence, put your attention to what's going to be there for you during this era of massive transformation
Market repositioned for the up move. My trading trick saved me I love trading. Having an open trade helps me 'feel' the market. This is why I have 2 accounts open at the same time, a paper trading account and a real one. Friday's sudden drop wasn't known to my real account.
We check for a symmetrical triangle and disqualify it by adding a middle line.
What I forgot to mentioned that I moved the SL up to entry once it have the entry enough clearance
Could Bitcoin be traveling into and UPtrend? It seems so for nowThere seems to be a new transition happening to the upside
Its still early however it does seem that way for now
I've opened a trade on my paper trading account to see whether that is the case, as having an open position has a lot more investment from an attention element than sitting on the sidelines would...there's something about being 'on the field' thats magic
I have opened up a Long position with 1:1 risk reward ratio which is said to double my position size. Stop Loss is in place, daily and max limit drawdown is considered ... all is set for my trade to do its thing
I have not opened up a real account trade as yet as I would like some more confirmations on the uptrend before doing that. And I need to refresh the rules of having a trade open over the weekend before doing so
See ya next week
How to maximize your profit per market moveApologies for the bad mic quality, the pro-mic wasn't connected this time
holding open a profitable trade with the fear of losing your already made profits can have you close a trade early, losing out on the maximum profits available on that transition
its best to employ a way for the market to tell you when its ready to close rather than you take on all of that responsibility yourself
what I do is wait for the Oscillator to switch before closing my trades
Charting versus Trading. They are not the same thingFirstly I meant to say May and not April lol (kids had me up early this morning)
Charting is a science
Trading is an art
In this video I cover some topics such as:
Hedging
Trend
The difference between Charting and Trading
Position Sizing
MTOPS Order Tool
Meta Trader with FTMO
Using various accounts within FTMO
and more ;)
Tips on Scaling, Mindset and TradingScaling makes or break a chart. I chat about what to look for when scaling your chart correctly
I can't exactly remember all the other elements covered, I'm sure they're good though ;)
scaklpingRISKS ASSOCIATED WITH FOREX TRADING
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you.
How to minimize being dominated by FearSpoiler : its gratitude
I've gone through many emotions whilst keeping this position open, especially when seeing the PnL shrink
I lost sleep, exhausted my brain and felt many repetitions of the feeling vertigo
I had to get my mind right, so I took my problem to the forest and ask the divine intelligence Gods to guide me
They taught me that the best way to minimize fear is to be in a state of appreciation
that's not news to me so I then asked, how do I apply appreciation (given the law of familiarity makes listing things I am grateful for very boring)
And their answer was to unfocus the eyes and appreciate 'every' individual element that made up the togetherness around me
To make that more realistic (hard to focus on every single individual thing) they said to see the light and the love in the energetic web (which is why I assuming we gotta unfocus our eyes)
I did it and it WORKED
I am grateful for so much again. Opportunity to trade, etc etc
These sharings of mine are from a real person in real life circumstances. So feel free to absorb any value that you may find relevant
A boring but necessary topic: Technology for TradingIronically my MacBook hard restarted whilst I was uploading a very valuable video I'd just made.
Other than the frustration of losing all of that valuable shared information, it brought up a relevant topic that is crucial to serious traders...technology
This is in line within the preparation stages of our live course as having the correct hardware setup will avoid aggravating losses that aren't your fault
Writing up a contract with yourself. Preparation for new accountThe video cut before I populated all of my 'Contract with myself' Attributes were entered in.
Feel free to create your own.
Here are mine to help your creative flow:
Approach
Balanced Strategist
Supportive network
Resilient
Long-term focused
Humble
Calm
Adequately aware
Balanced response
Prepared with a structured plan
Can unwind
Realistic view of markets, understands market inactivity
Disciplined personality
Calmly engaged
Controlled excitement
Driven by strategy
Understands that opportunities are selective
Balanced curiosity
Reviewing charts strategically
Check charts out twice a day
Enlightened by the discipline of trading
Honoring the process
Patient with chart moves/setups
Respect the process
Maintain a consistent position
Prudent
Rational position size
Optimal frequency
Monitor the trade
Close as per strategy
Stop Loss properly set
Satisfied with a win
Content with fair outcomes
Impulsive
Respond appropriately
Balanced attention to the chart
Maintains positions as per strategic objectives
Emotional
Sticks to strategy, even if profits are tempting
Acknowledges fair value
Setting up MetaTrader for Prop Firm Trading. And why I did it I've been focussing on coding Ai to trade on my behalf and therefore haven't been trading
In realizing that I would need a track record of the Ai to beat I decided to get back on the markets. So I moved some funds around and started trading on a Crypto exchange where I would put my own money into the trade.
What a f#$@%$ headache that was.
Personal exchanges are there to make money for themselves as priority, and only kinda be there to facilitate your trades. Typical crypto exchanges (maybe others too) are unethical as well as unnecessarily complex.
As you've heard I took a 38% profit, which took a long time to make, and because their contracts section forced me to buy Bitcoin to put in the trade..even though I made a profit, the overall amount decreased in value, essentially creating a loss. Grrr!
So to hell with those gross exchanges and back to trading OPM (other peoples money)!
In this video I'll show you how I have my MetaTrader 5 set up.
I'm just waiting for the account login details to arrive and I'll that fully set up soon and ready for action asap
Welcome to the real world of trading
Live Trading, No Room for BullSh*tIn this announcement video I chat about joining 'The Leap' trading competition
In light of Monday's video, I am going to document what real world trading for a living looks like, to help those who are looking to change their lives but unsure of what it truly takes to make a living from the markets
I also am going to take the best of this month's footage and create a paid course from it
The timing of this is perfect for my man versus machine idea, as for there to be something to measure against, there needs to be a measurable record of what a human can do.
I also spent the time of digging deep to who I want to become and who I want to move away from (I suggest you do the same)
GBPCHF - Detailed Video Analysis Around Resistance📈📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the resistance holds, we will be looking for sell setups on 1H.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Tight Stop vs Loose Stop Loss, and where to set eitherIf you've been in the world of trading for a while you would've come across the heated tight SL vs Loose SL debate.
Unfortunately most traders don't know where to correctly set either
In this vid we cover that as well as the topics:
> quick intro to prop firms
> how to restructure a condensed market
> other stuff
What it's really like for a full time trader.Profit pays bills
If there is no profit, you're screwed!
trading full time isn't for everyone. There is a lot of uncertainty, there is a lot of discipline required and it is a long road of fails before taking it seriously.
I've shared some of my personal story here, this is to help highlight the real challenges of what its like relying on the market to pay your bills.
Something I didn't mention is that you need a partner who believes in you and will stick with you through all of the hard times
Lets chat about tradingTrading can be a bit daunting, lets open the conversation about it
Got questions? hit me up
You're gonna love this...dominant trend direction change to DOWNHey yo
I can't remember everything we covered in this video, but here's some:
> correctly scaled charts
> pro-tip on how to select which Gann Square intersection price will land up next
> using areas of non-probability to highlight areas of highest probability
> bunch of other stuff
enjoy
A live example of why not to counter trend tradeNot a long video, but in it a quick reminder of a recent example of why not to trade every market move
Trading with trend you can enter late and exit early and still be profitable
If you chase every turn on the market, moves such as the last 24hrs could torment ya
(and yes I played a tiny bit of Linkin Park for no particular reason lol)
Predicting the markets move before they happen. Days in advance Another on point prediction. You should be getting used to that by now ;)
We can do this on any time frame...just as a reminder lol
For those waiting on the still image charts, I have stopped those as the 'glancers' become trolls as this miss the context behind the forecarts. So only video market updates from now on.
Also, I will make further announcements as it becomes more real...(right now I am finishing off some architecture refinements on the MTOPS Ai model)
As an early heads up, here is me telling ya that there will be a man vs machine prediction series where I predict versus my Ai model predicting and we'll see who wins. The ultimate aim is for me to lose, as soon as Ai model beats me 10 times in a row...I aim to retire ;)
All of that and more to come!
