How to avoid babysitting a trade. So many people are reactive to the market and feel that they need to watch price action whilst they have an open trade open
The best way around this is to work with the correct entry and correct forecast on how long you should leave the trade open for, as well as at which point in the Gann Tool the price will stop at
Doing it this way also achieves the well sort after risk reward ratio's of 1:2 and 1:3
Mtopscriterion
Calm after the storm. Reshaping correctly for bigger moveWhen price breaks through the threshold of your current scaling, this is how you make the adjustment correctly
Also, even though I was right about going long, my SL was hit instead of rewarding me with a massive earner of a trade...so much 'grrr', thus I'll be deep diving back into coding the MTOPS Ai as priority (using pain as a motivator)
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 ;)
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!
Market Consolidation: Some Calm for BTCThe current market conditions suggest that we are witnessing a period of consolidation, with prices trading within a narrow range. This consolidation phase is likely to be a temporary pause before the prevailing downtrend reasserts itself.
Key observations:
Prices have been oscillating between well-defined support and resistance levels, indicating a lack of clear directional bias.
Trading volumes have decreased during this consolidation period, suggesting that market participants are awaiting a decisive breakout.
The overall market sentiment remains bearish, with the underlying trend still pointing towards lower prices.
Traders should exercise caution during this consolidation phase and prepare for a potential continuation of the downtrend. Shorting opportunities may arise once prices break below the current support levels, confirming the resumption of the bearish trend.
However, it is essential to maintain strict risk management practices and set appropriate stop-loss orders to protect against any unexpected market reversals. As always, traders should stay vigilant and adapt their strategies based on the evolving market conditions.
Keep a close eye on key support and resistance levels, as a decisive break in either direction could provide valuable insights into the market's near-term direction. Stay tuned for further updates as the market navigates through this consolidation phase.
Bitcoin heading for $60k within a week. Take profit on LongsA delayed market flip happened after easter weekend was used to move the market along into a market structure better suited for the price action to come.
The good news is that the dominant trend direction is now known, and price is said to head down
Bitcoin's trajectory takes a positive turnBitcoin's trajectory takes a positive turn, signaling an ascent to the upside as anticipated in our latest analysis. The market demonstrates resilience, offering promising opportunities for growth. For those who heeded our advice in yesterday's update, the strategic positioning has yielded profit without incurring losses, underlining the importance of timely and informed decision-making. Utilizing Gann angles and the MTOPS trading strategy, we continue to navigate through the market's ebbs and flows with precision. This momentum is a testament to the strength of following well-founded analysis. Ensure you're part of this journey by joining the waiting list for the MTOPS AI, enhancing your trading strategy with our cutting-edge technology.
Dow Jones Long Position: Capitalizing on MTOPS ForecastIn this insightful trade, we leveraged the MTOPS forecasting model to execute a successful long position on the Dow Jones Industrial Average. The strategy hinged on identifying a 'calm before the storm' scenario in the market, anticipating a significant upward move. The MTOPS forecast, renowned for its accuracy in trend prediction, provided a strong foundation for this trade.
The Dow Jones, a key indicator of large-cap U.S. stock market performance, presented a unique opportunity. The market conditions were initially calm, offering an ideal setup for traders to position themselves ahead of anticipated volatility. This trade is a classic example of using sophisticated forecasting tools in combination with market sentiment analysis to make informed trading decisions.
Key highlights of this trade include:
Utilizing the MTOPS model to predict market direction.
Timely entry during a period of market calm, capitalizing on the forecasted upward trend.
Navigating through the complexities of the Dow Jones movements with a strategic long position.
This trade showcases the effectiveness of blending advanced forecasting methods with an understanding of market dynamics. It's a testament to the importance of being prepared and acting decisively when the market presents an opportunity.
Dow Jones Forecast: A Modest Retreat on the HorizonIn this analysis, we delve into the subtle yet significant indicators that suggest the Dow Jones Industrial Average (DJIA) is poised for a slight downturn. By examining the convergence of technical patterns, market sentiment, and emerging economic data, we uncover the potential for a modest pullback in the index. This is not a prediction of a bear market, but rather an alert to investors and traders to prepare for a potential dip in the near term. Join us as we chart the course of the Dow and discuss strategic moves to navigate this anticipated minor correction.
We saw this 3 weeks ago. Can anyone else offer you this accuracyIf you are someone who likes proof, please review my tradingview profile. We called this 3 weeks ago
Not only. did we call this 3 weeks ago, price has stuck to out magic lines...is any body else able to offer you the same?
If you are ready to replicate my results and ready to know what I know, reach out to me right now! No more waiting
MTOPS makes us believe in magic. Please see previous postIf you have been following our work, you are witnessing shere magic
The laws of the universe guide us in to the trades that we take
Once you understand those laws, magic becomes your life
Even though I engineered the MTOPS Criterion, it still humbles me
I wish upon you that you invite this magic in to your life and feel the joy that we feel through MTOPS Criterion trading