Punjab and Sindh Bank looking for good moveNSE:PSB seems good for a positional trade with provided entry, exit and stop level. It looks like has ended down tend on daily basis and has started new up trend on daily basis. Formed a good support level. On weekly scale it has already crossed 50 WMA over 200 WMA, that gives strength for the stock. Let's see what happens next.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my ideas to share with community.
Longtrade
AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Confirmed breakout of LT channel in QQQ/SPY 🚀My previous thesis played out perfectly on this in 2022 (see profile).
Now, we have sharply flipped after getting close to the bottom of the channel on this key pair trade.
The beautiful breakout, with a confirmation pullback, suggests the outperformance of QQQ over SPY will continue and the breakout of the channel which occurred in 2020 is here to stay.
Given this is a sharp breakout, it suggests a significant bull-run which catches everyone off-guard (like 1999) is also possible.
As a long-term investor, QQQ is a better bet than SPY in my opinion.
QQQ I There is a strong rise Welcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
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$LINA looks bullish for another leg higherDon't fade this strength. Bull flag on the 4h, measured move, gets us right up the logarithmic golden pocket. Funding is also quite negative, so a lot of shorts to provide liquidity to whales to fill their shorts from higher up. This is following similar price action to ARPA.
Roaring to Profits: Uncover the 8.86% Upside Potential in ARRUSD
Technical Analysis:
1.The red line represents a crucial breakout point that triggers an 8.86% bull run.
2.Set your stop loss based on the demand zone of either 1 or 4-minutes intervals. If you need assistance in creating them, please direct message me.
3.Take profits by closing half of your position when reaching the orange line, and adjust your stop loss to breakeven if I haven't provided an update in the thread.
4.Close an additional 25% of your position at the blue level.
5.Remain patient for confirmation of trend continuation, which will be communicated in the thread.
Your comments and feedback greatly boost my confidence and contribute to my growth. Feel free to share your thoughts if you have a different perspective!
Cheers!!
ESM 2023 LONG + ANALYSISFor ES :
we have OB in weekly TF (4189.50) so we want to see it like a support, and we have relative equal highs in (4247.75) we want to see it a target for the week
In the daily TF we have a balance price range (BPR) from (4186.50-4175.75) , and we've drop to 50% of the daily range (4178.25) .
note: weekly and daily we have a bullish bias
In the H4 market has dropped to BISI (4181.75-4162.75) , and also in H1 has dropped to FVG (4182.00-4173.75).
note: H4, H1, also bullish.
Now my first target is 50% of the range 4208.00 then:
4214.25
4218.50
4232.00
Calculating Lot Sizes Just Got EasyIn the world of forex trading, achieving consistent profitability requires not only sound strategy but also effective risk management. One crucial aspect of risk management is determining the appropriate lot size for each trade. In this blog post, we will explore the best methods for you to calculate lot size, emphasizing the use of tools available on TradingView, a popular trading platform.
Understanding Lot Size
Lot size refers to the volume of your trade and is measured in units of the base currency. It plays a significant role in determining the potential profit or loss of your trade. By selecting an appropriate lot size, you can maintain control over your risk exposure and align your trades with your overall trading strategy.
Utilizing TradingView Tools
TradingView offers you two valuable tools, the Short Position Tool and the Long Position Tool, which assist you in evaluating the true reward-to-risk ratio of your trades. These tools enable you to make informed decisions by considering the potential profit against the predefined risk. By assessing the reward-to-risk ratio, you can determine the viability of a trade and make adjustments as necessary.
Calculating Lot Size Using TradingView's Order Panel
To calculate your lot size on TradingView, you can leverage the platform's Order Panel feature. The Order Panel provides you with a convenient way to input your trade parameters and receive lot size recommendations based on your risk preferences and account balance. By using this built-in functionality, you can quickly determine the appropriate lot size for each trade without the need for complex manual calculations.
Lot Size Calculation Formula
Alternatively, you may choose to calculate your lot size manually using a straightforward formula. Here's the formula you can use:
(Account Balance * Risk Percentage) / Stop Loss in Pips = Lot size
$25000 * 1* = $250/30= 41,666 units or $4.16 per pip or 0.41 lot size
To utilize this formula, you need to know your account balance, the percentage of your account balance you are willing to risk on a trade, and the distance of your stop loss from the entry price, expressed in pips. By plugging in these values, you can derive the appropriate lot size that aligns with your risk management strategy.
Conclusion
Calculating lot size is an essential aspect of your forex trading journey that directly influences your risk management. Simplifying this process enables you to focus more on your strategy and execution.
TradingView offers you valuable tools such as the Short Position Tool and the Long Position Tool, which provide insights into the true reward-to-risk ratio of your trades. Additionally, TradingView's Order Panel streamlines the lot size calculation process.
Alternatively, you can utilize a simple formula to manually calculate your lot size. By adopting these methods, you can enhance your risk management practices, leading to improved trading outcomes.
Remember, successful trading involves comprehensive risk management, and calculating the appropriate lot size is a crucial step toward achieving long-term profitability.
Shaquan
#PERSISTENT... looking good 17.05.23#PERSISTENT.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS