Moneymanagement
EUR/AUD : Price Action Bearish channel, Price Keeps Falling ! 🔔Welcome back Traders, Investors, and Community!
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BTC on his way to 55K, and then ?As you can see, this is what I think where BTC could be in some days.
If 42,5K - 44k can't hold, BTC would probably visit 37K - 40K area before making a new ATH.
BTW, the deeper and longer correction to downwards is, the longer this bull market will last with higher ATH.
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GBP/JPY good short position GBP JPY is at very very strong resistance area and gona go back to retest the broken structure
look for bearish confirmation on lower time frames and enter short with your own money management
patience with discipline is what really required to be successful in trading
always remember
patience is the key
NZD/USD time to short it NZD USD was the most bullish pair of the of 2020 which we all about that it broke the psychological level of 0.69000 which was also the yearly strong resistance area and after breaking that structure market went high up like rocket
now on higher time frame we can see that nzd usd found a resistance and also a retracement to the broken structure is going to happen
what we have to do is to look for bearish confirmations on lower time frames and enter short with your own money management and risk to reward
patience with discipline is what we really need in trading and it always pays off no matter what
always remember
patience is the key
NZD/JPY short it nzd jpy is now at strong trend line resistance and also very strong supply area
as we can see on technical aspect that it can go the support area which is mention down below
on fundamental aspect new zeeland went under strict lock down so we can expect a smooth fall to the strong structure area
look for bearish confirmation on lower time frames and enter short with your own money management
patience is th key
GBP/JPY short it gbp jpy broke the psycological area of resistance and gone up tp the next resistance level
so as per technical aspect market is going to retest the broken structure in coming days or so
so a lot of patience and money management required here
look for bearish confirmation on lower time frames and enter short with your own money management
patience with discipline is the key
CHF/JPY good Sell opportunity chf jpy is currently at very very strong yearly resistance area and market rejected multiple times from there as we cAn clearly see that market is going down to those Fibonacci retracement areas which are mentioned down below.
traders must look for bearish confirmation on lower time frames and enter short with your own money management
patience with discipline is the key
GBP/USD short term sell opportunity gbp usd is going upward with a good bullish momentum .however we can expect a retest to the broken resistance turned support than continuation to the upside
as we can see the ma 50 also indicating the retest area
look for bearish confirmation on lower time frame and enter short with your own money management
patience is the key
NZD/USD good short position as we all know that nzd usd was the most bullish pair of 2020. nzd usd broke psychological level of yearly strong resistance area 0.69800 and gone up with strong bullish momentum which we can confirm on monthly time frame
. now market will go for a retest on that broken resistance turned support .in this scenario what we need the most is patience and only patience with discipline
look for bearish confirmation on lower time frame and enter short with your own money management and risk to reward.
always remember patience with discipline always pays
patience is the key
NZD/JPY Sell opportunity nzd jpy was one of the most bullish pair of 2020.as we can see on higher time frame its over bought and going to complete the w formation of price axction
as we see on H4 than market broke the strong trend line resistance and tried multiple times to broke but rejected.
now market going back to strong demand zone of 74.000 as per Fibonacci retracemnt golden ratios
look for bearish confirmation on lower time frames and enter short with your own money management
patience with discipline can do the magic
patience is the key
Successful trading is about managing risk, not avoiding it. Hello All,
This is the first idea I am publishing in Tradingview and I decided to select the topic of risk management, specially after the dramatic increase and subsequent decrease on prices which we have seen in TLRY and other weed stocks this week, all mostly happening in 48 hours.
If you just started trading and got involved on weed stocks, you probably been though a very painful experience because a lot of your precious money is probably gone. As trading becomes more and more popular, many new people join the market but without understanding the very basics of it and without considering risk management.
If you are one of those new joiners, I strongly advise you to improve your knowledge about risk management. here some basic rules:
1. Set a stop-loss!
2. Position size = (risk*budget) How much money you invest.
3. Entry point : When to buy
4. Exist point: When to sell.
To put it very simply, never buy a stock because it has gone up or sell one because it has gone down! I think the case of TLRY is a classic example of this.
So, what I described here here is just very basic. You should and must educate yourself about risk management, otherwise trust me you will regret your experience as trader.
PS: If you are new to this, I recommend you to read a very old but classic book about investment called "The intelligent investor" by Benjamin Graham. Let me be very clear that trading is not the same than investing. Which are you. really?
Have a good weekend!
GBP/JPY short it gbp jpy was moving upside from last 4 weeks and ahead there is a very strong supply zone which is respected by the market multiple times
look for bearish confirmation and enter short with your own money management and risk to reward
patience with discipline always pays
patience is the key
AUD USD good short position AUD USD is currently facing a strong resistance at higher time frames and market is back at very curucial point and supply area
from here look fir bearish confirmations and enter short with your own money management
always remember that patience with discipline always pays
patience is the key