Price action & Psychology - MTFA, counter-trendHello !
Key points :
Significant zone : that confluence area around 7.00 seems to be kind of special, as you see on the left side of the chart, everything prices dipped below, buyers started getting aggressive and eventually caught up.
Bearish momentum fading : the downward movement seemed to be pretty strong, but again, it lost all it's momentum once that 7.00 area reached
Trendline break on the hourly chart : on the hourly chart, we see a trendline break after some consolidation, prices might retest
The stock makes lower highs. Selling pressure is building up. It is very unlikely that we're going to break through that confluence zone considering how fast sellers lost control here.
I'm going to monitor this area for an entry (on the hourly chart), either after the stock retests the trendline break or once it breaks the resistance around 7.50.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Psychology
Price action & Psychology - Possible first pullb. after breakoutHello !
Key points :
The double bottom ignites the breakout
Strong breakout, wide candles + high volume to confirm it
Breakaway gap, psychological shift
Significant support zone (left side of the chart in light blue)
Here we are trading another first pullback after breakout pattern. I personally do not short, but this could be a decent short setup from here.
The focus here, is on the pullback. As we can see, the double bottom ignites the breakout from the that trading range.
On the left side of the chart, we see that confluence zone, which kept being an important level while the stock was trading in a range the last few weeks.
The breakout is strong, it is made of the 2 wide range candles. Notice on the second candle, the rejection, considering the lower wick, we can assume that some people sold, but clearly got caught up because the momentum was way too important.
Also, the breakaway gap, signals a shift in people's conviction about the stock. If people are willing to bid higher in pre-market, they must have the conviction that the stock is cheap.
Now, we know that whenever a stock breaks out of a trading range with such a momentum, it must retrace. What causes this retracement are breakout and momentum traders taking profits.
On the left side, circled in orange, you can see that "unsignificant" gap. What I started noticing is that often times stocks get rejected from such gaps, i.e they act as a resistance.
What I expect the stock to do within the next few days :
Maybe some upside today caused by too optimistic people (PS : It's already up a few points pre-market)
A drastic decrease in volume
A move to the downside
Usually, such pullbacks retrace halfway from the breakout. I'll start monitoring lower timeframes once prices come down around the 61.8% or 50% Fibonacci. I'll swing the leg up and start scaling out at the swing high.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
PLEASE , if you got any VALUE out of this analysis, make sure you hit the LIKE BUTTON . Thank you !
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
⚡Trader's psychological stages in the market⚡👋🏻👋🏻👋🏻Hello, dear dear friends! 💓
Today I would like to share with you ⚡ Trader's psychological stages in the market ⚡
💥 OPTIMISM. It all starts with a positive outlook on the market situation, which leads the trader to open a deal. Trader in anticipation of future success.
💥EXCITATION. The market begins to move in the predicted direction. The trader anticipates events and hopes that success is ensured.
💥TREMBLING. The market continues to move in the direction the trader needs, this is a moment of joyful fading. At this stage, the trader is fully confident in his trading system.
💥EUPHORIA. Point of maximum financial risk. Investments turn into quick and easy returns. Trader completely ignores risk.
💥ANXIETY. Oh no, the market is turning around! The first signs of movement appear not in favor of the trader. But he does not notice this and believes that the market will recover and the trend will continue.
💥NEGATION. The expected market recovery did not happen. The trader does not accept what is happening and remains in position.
💥FEAR. Reality dictates its own rules, and the trader begins to realize that he is not as smart as he previously thought. Instead of confidence in success, thoughts begin to get confused.
💥HOPELESSNESS. At this point, all profits are lost. The trader had a chance to take profits, but he missed it. Not knowing how to proceed further, he is trying to do everything to return at least to the breakeven point.
💥PANIC. The most emotional period. At this stage, the trader feels his ignorance and helplessness and is wholly in the grip of the market. The mind is paralyzed, which sometimes leads to meaningless actions in the market.
💥CAPITULATION. The trader has reached the limit of patience and closes the position so as not to increase losses anymore.
💥DISAPPOINTED. After exiting the market, the trader no longer has the slightest desire to enter into transactions.
💥DEPRESSION. The trader begins to blame himself for the stupidity of why he did not close the deal on time. Some choose the right path and begin to analyze what went wrong. Real traders are born precisely at this stage, studying past mistakes and drawing conclusions.
💥HOPE. “I can still do it!” In the end, the trader returns to the realization that there really are cycles in the market. He begins to analyze new opportunities.
💥FAITH. At this stage, the trader restores faith in his future in the market and starts trading again.
The stages considered by us well demonstrate how psychology influences trading. 80% of success in the market directly depends on the correct psychological state of the trader.
😉😉And at what stage are you now?🧐
Share in the comments✍🏻
Stay with me💋
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Other my psychological idea👇🏻👇🏻👇🏻
Hope. 🙏🏻 Fear. 😱 Greed. 🤑 Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions💋💋💋
💥 Fear of falling prices provokes a sell , and the opportunity to lose chance to make monney leads to an unreasonable buy .💥
⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible, which also provokes the unfoundedness of transactions.🤷🏻♀️
Many psychologists and scientists do a lot of research in the study of human emotions and feelings, the results of which show the ability to control their emotions.
💪🏻 In trading, managing emotions is a very necessary. 💪🏻
Let's consider three seemingly simple emotions on which a trader’s work in the market depends in more detail:
📌Fear
📌Hope
📌Greed
😱 The role of fear in trading 😱
In fact, fear plays a significant role in the market. Fear often deprives the trader of the opportunity to earn money, but also saving him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for the trader.
A frightened trader is obsessed with the adverse aspects of trading. Fear of losing money generates a lot of other negative emotions in your head.
🤑 Trader's greed would destroy. 🤑
Greed is a disastrous and dangerous feeling, especially for a trader. The prevalence of greed rarely can help to achieve the desired result.
It depriving people of the ability to think soberly and objectively. Often, having felt success, a trader wants to earn more and more by making the following mistakes:
❗ Untimely exit from the transaction
❗ Hold position more then you need
❗ Overstatement of risks
🙏🏻 Hope is the last thing to die 🙏🏻
Of all three emotions, most market participants live with hope. This emotion is completely opposite to fear, because its presence affects the positive thinking of the outcome of the trade. In moments of hope, the thinking of market participants is aimed at making profit, not losing it.
People trade in order to achieve success and financial stability, taking income from the market. The circle of such people was divided into optimists and pessimists, absorbed in hope, fear and greed, only to different degrees. One way or another, an overabundance of these emotions can lead to losses . The best option is to find the “golden mean” and learn how to manage your emotions.💪🏻💪🏻💪🏻
😊😊I hope you enjoyed my post, don't forget to support me with like 🌞, subscribe,for don't get lost!💋
Below are links to my previous ideas👇🏻👇🏻👇🏻
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Price action & Psychology - MTFA, Double bottomHello !
Key points :
Double bottom
Significant support area, also on higher timeframes
Bearish momentum is over
It looks like the bearish momentum that carried the stock price down is now over. That particular candlesticks tells us that an attempt was made to push the stock further down, but it didn't work out.
On the 5-min chart, the interpretation of that daily candle becomes clear, at market open the price went down ("Morning panic" I guess) and came back up to consolidate around the closing area. This tells us that the control of the stock is changing hands.
Be aware of that gap at 8.50 that might act as a resistance if the momentum is not strong enough.
The monitoring area, for scaling out, begins around 9.30.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Going Long!I see great potential in this. Almost looks like the same hype as the cannabis one, but less strong. Share your thoughts.
The reason why trading IS gambling (Why it's important)Hello everybody and welcome,
First of all, thank you for the interest you show.
The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading.
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Before we start, let me just say that I do not have any product to sell. My content is free and my only goal is to provide valuable information to help traders being more successful and consistent when trading.
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Some explanation regarding the introduction above :
What I want to emphasize through that example, is that often times, when trading, you will face losing streaks . It is inevitable and we can also assume that it is recurrent . It is important to note what happens in the mind of a trader : doubt .
Why ? Because of not accepting the fact that trading is gambling.
I know ... It might be hard to "accept" because people often times think that trading is all about skills, but it is not.
Let me explain :
When you trade, whether you are long or short, you rely on nothing else than other people to make profits. The problem is, you do not know if these people have the same convictions and beliefs as you do regarding what the market is going to do in the future.
So there's randomness involved in trading because every moment is unique, i.e. it involves different people.
But, if you have an edge, meaning a "strategy" that puts the odds in your favor (whatever it might be, trading pullbacks, momentum trading, morning panics, gap strategies, etc...) : YOU ARE THE HOUSE . You win over a LONG period of time no matter the outcome on a trade-to-trade basis.
Now, considering what we just said, should we care about what is going to happens to the trade I highlighted above ? Absolutely not. Why ? Because we have accepted the fact that the distribution between wins and losses is RANDOM in the market . Therefore, whatever the outcome is, we know, that we will be profitable in the long run.
Why does that actually matter ?
Well, it matters, because as I stated above, traders doubt when they encounter a losing streak. They question their edges, their skills, they start questioning their rules and strategies. What is likely to happen ? They blow their account.
Fear, the biggest enemy in trading
Apart from doubt, the trader that just has gone through 4,5,6,7 or more losses in a row, is afraid. He is afraid to put on that next trade, even though that trade could be a homerun and wipe all his losses.
Fear paralyzes us, it reduces our focus and narrows our attention to what we fear the most.
You probably recall the time when you put on a trade and you kept bagholding a loser, you were paralyzed, you just couldn't sell. There's a funny thing that happens everytime when you hold on to a loser, whenever you decide to sell, the market bounces back. This is because you are not alone on that boat and human psychology is universal.
Once you have accepted that, you will be able to focus 100% on your actual trading errors, which are related to your knowledge and your skills. You will never doubt or have a moment of indecision if your edge appear on the chart. You will take the trade and don't care at all what happens next, because you know that trying to figure out if it's going to work or not has no sense.
Thank you for taking the time to read me. I really appreciate that.
Make sure you comment below if you have questions or just wanna add something.
Thanks a lot,
MyTradingJournal
Price Action & Psychology - Pattern & MTFAHello !
Key points
Triple bottom pattern
Price rejection
Significant support zone
Hourly chart : On that timeframe, we get a confirmation from the price rejection we see on the daily chart. The stock gapped down, triggered stop-losses and panic selling. Afterwards, we see a wide bullish candlestick (kind of "Tweezer Bottom") that has approximately the same volume.
I see two different ways to play that trade :
"Aggressive" entry : buying around the previous close
"Safer" entry : waiting for a breakout on the hourly chart
Either way, in my opinion the stop-loss should go above the Tweezer Bottom. On a 15-min chart, we see that the price action was pretty straightforward, kind of an instant correction from the morning panic.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Price action & Psychology - First pullback after breakoutHello !
Key points :
Breakaway gap
Breakout on high volume
First pullback
Volume sinks
The stock consolidates within an ascending triangle, it gets rejected from that significant confluence zone (circled on the left). It makes higher lows but not higher highs, buying pressure slowly builds up, people gain in confidence and are willing to pay higher prices to get on board.
Finally, the stock breaks out - psychological shift in people's mind, they expect the price to go higher, therefore they are willing to pay higher prices. The pullback is caused by profit-taking. In fact, we see a decrease in volume that might keep on going today.
The Fibonacci Retracement is only a reference point, other people are monitoring these levels, which make them significant.
We will monitor the circled zone and wait for a "confirmation" that tells us that buyers are stepping in and that sellers are losing control.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Price action & Psychology - Inside trader's mindsHello !
Key points :
Double bottom
Volume on uptrends > volume on downtrends
Indecision + rising volume
It all starts with the halfway retracement. The stock makes a new low, buying pressure kicks in, drives price up. The halfway retracement is the result of traders taking profits, see how the volume fades ?
Anyway, the momentum is not enough to break through the resistance and keep the trend going, it reverses.
See how that 50% retracement seems to be a reference point, marked by the indecision candlestick (doji) and the spike in volume.
The gaps on the way up tell us that buyers are really aggressive (or covering their shorts).
On the way down, there's once again buying pressure (candlestick + volume) around that previous halfway retracement.
Note how the volume crumbles down and the bearish candlestick marks the last burst of the downtrend.
Volume is rising, there's still a healthy balance between buyers and sellers, we should see an increase in traded shares today.
Summary :
Those that bought too early (circled zone) either sold or are still holding (an might re-enter or add to their loser)
Some will probably buy the double bottom or the just the support
It is very unlikely that traders are going to short this zone
Those that have an open short position will cover
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Price action & Psychology - Triple bottom, rejectionHello !
Key points:
Triple bottom
Rejection at support
Spike in volume
That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up.
When gauging this candlestick pattern, it is important that :
It is at a support level
Occurs after a selling wave
Shadow/wick goes below previous swing point low
A volume increase
An obvious wider price range
Look at the previous candlestick, it clearly tells us that there was some buying pressure but not enough momentum to carry the price up. Furthermore, it pulled back, I'd guess, halfway at previous "resistance" from the second bottom.
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it takes only ONE trader to deny your trade.***
Price action & Psychology - Breakout and first pullbackHello !
I am so excited for the week ahead.
Key points :
Breakout after consolidation + spike in volume
Volume on uptrends is higher than on downtrends
First pullback after breakout (61.8% Fibonacci retracement)
Holding support despite the fact that the overall market was down on friday
Context
The interesting thing on this chart, is that before the consolidation, a double bottom formed. Anyway, the momentum was not important enough to break through the resistance. After consolidating and pulling back halfway (from the second bottom), enough momentum was gathered to breakout, which explains the spike in volume.
This also tells us, that a psychological shift happened : there's been more greed and a stronger conviction (wide range candle and spike in volume).
The plan
Using the top-down method (i.e three screen method), the weekly chart gives us an insight of the bigger picture. The first resistance on the weekly chart is around 14.00. The "minor" resistance at 8.50 is more of a level to watch.
The more candle (i.e confluence) there is around an area, the stronger it is. Anyway, I plan the trade up to that level and I decide what to do once it reaches it.
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.***
🥂Just act like a pro, think like a pro, live like a pro. 🥂 ❤Hello, my dear friends! 💛
⭐Psychological knowledge is basis for starts trading. Today I would like to talk about this.👌🏻
Probably, you have heard, that among of traders, only 5% are successful.
🧐And what about the remaining 95%? These 95% make up the usual crowd, which was grew up like everyone else.🤜🏻 Therefore, many of you are "like everyone else."
And you will act “like everyone else” in the markets, and, will losing your money. 💸💸💸
The secret is not in a miracle of indicators and not fantastically profitable trading systems. 🙅🏻♀️
🙉 Everything is only in your head. 🙉
🏹You need to change yourself a little, learn to think in other categories in order to become successful. 🏹
💡You are responsible for your emotions and actions yourself. 💡
In the market it's important how you can manage yourself and your money. 🤑
The market is a game without a beginning and an end, and even without a middle: it all depends on your own plan. 💍
There are no bosses, no one will set plans for you, no one will force you to make reports.
🔔You have to do everything yourself. 🔔The market is an environment, that gives complete freedom with limitless opportunities and limitless risk.
✔You need to achieve a strong self-confidence. ✔
🔪The vice, that killed many traders is greed. Many of us want to achieve everything at once. 🔪
Greed is basis for other vices, such as impatience and excitement. Your greed is enjoyed by other, more experienced players.😎
🚷Fear and greed are the basis people’s problems. 🚷
Forget about it existence, when you open a trading terminal.
❣ Only if you have a clear and well-developed action plan on the market, with daily work on yourself, with a constant analysis of your actions, you can really solve many problems. ❣
🥂Just act like a pro, think like a pro, live like a pro. 🥂
🎊You can’t control the market, but you can control yourself. 🎊
So, you will succeed, even with a primitive trading system.
Start working on yourself. 💪🏻💪🏻 Identify your weaknesses, strengthen them with strengths. Study the psychology of human behavior to understand how a strong minority makes profit.
📎Markets are 90% psychology, because the same people work there. And each of them is exposed to fears and greed. 📎
If you interested in other educational posts, click here 👇🏻👇🏻👇🏻
Subscribe and put me like, because I try hard for you. ❤❤❤
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Don't FOMO here on LTC (Some words of advice.)I'm going to give you a few words of wisdom, so pay attention. Don't FOMO Buy. We've been seeing massive moves over the last few days and it's impossible not to feel left out. But don't suddenly start trading positions that will give you +30% or +40% gains.
If you want to still be around in the long run, if you consider yourself a serious trader, keep scalping those simple and clean trades. I present a 8.5% long opportunity here on Litecoin. I'd say it is already on the high side.
We see a nice bounce here on the $51 level that we can connect with resistance we've seen in early March. The resistance we had from early April is now turning into support through the S/R flip.
We have all the ingredients for a nice long trade here. The markets are bullish, and this is a very healthy retracement. This could be a great moment to enter a position on LTC.
Stay safe everyone.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories
Price action & Psycholog - Pullback and gapsHello !
Key points :
Support : important zone on weekly chart, amplified by breakaway gap, previous resistance on daily chart
Pullback 50% Fibonacci
Exhaustion gaps coupled with higher trading volume
Despite the market drop on friday, it held the support
The support is on an important zone on the weekly chart, which explains why the breakaway gap formed. I can imagine people thinking "if it's not holding the support I'm selling" and some people started (probably because the overall market was weak) bidding lower prices pre-market.
On the way up, it is very clear that the stock encountered a resistance on that particular zone. The fact that it broke out, means that there has been a psychological shift in people's thinking. Which makes this zone now a decent support.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it only takes ONE trader to deny your trade.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
How to Trade Directly After The BTC Surge.Everyone knows I am well known for my analyses on psychological support and resistance zones and their strong predictive capabilities.
We just found two new important psychological levels in the last two days. One psychological resistance at 9450 and one psychological support at 8400.
-- quick reminder on these beautiful round number levels --
Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $150 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important.
When we combine the 9450 and the 8400 levels with the price based resistance of slightly below the $9000 level, I see the price struggling a lot to break through the $9000. I expect it will show a healthy retracement and cool down a little moving in the direction of the psychological support zone of $8400.
Then, the bears will make space again for the bulls, and we can expect a trade at least until the current resistance area. This can give us a nice 5% trade.
Remember, don't FOMO buy after you've seen these massive gains. Don't go for crazy returns. This 5% trade set-up is enough for me, and it should be enough for you.
Don't worry. You will get plenty more opportunities.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories:
Big triangle bitcoin schema to first quartal 2021If the trend of more triangles continues, the bitcoin chart may become to big one triangle from end 2017 to first quartal 2021.
It will end about 6 000 $ .
If the forecast will be right, will be advantageous short position with small leverage (to 2.5x). Lately long and this will repeated several times
Price action & Psychology - Resistance, consolid., continuationHello !
Key points :
Resistance broken on high volume and wide range candles
Consolidation phase and support hold
Huge price rejection on the hourly + high volume
Relative strength (compared to today's market conditions)
I've left some charting from the previous trade on this analysis, to get a context. On the previous analysis, we said that basically, what happens after an "ABCD" pattern, is that the "D" makes a new low (depending on what chart you're looking at it must not be an all-time low). So we're entering a new trend. As we know, stocks nearly always move in waves (higher highs, higher lows when uptrending, reverse for downtrending).
What happens here, is that the stock needs some room to "breathe" before resuming the trend. Some people are taking profits (like I did yesterday), others are joining the party, while others wait on the sidelines.
BUT , there's still a "healthy" balance between the different actors, otherwise, if the conviction was gone or there would have been enough sellers to absorb the buy orders, the stock would have reversed right away.
The 2 reasons for a stock price (or any other security) to go up (reverse for down)
Fundamentally, there are 2 reasons :
There are not enough sellers to absorb buy orders (buyers > sellers)
Traders/investors think that the stock is cheap (they have the belief that the stock will go up in the future, i.e. the conviction)
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
Striking similaritySweden had no lockdown, Europe did.
EURSEK going to zero like BTC.
Curious to see what happens. Let's check again in a few days.
Same idea as Bitcoin back then for me. If I see a double bottom I will buy.
All the brainlets should buy, if it goes up they will have "missed out" lmao.
There's very little retail interest in this, I won't get to see the "bull market is back" reactions :(
Hey maybe central bankers and investment banks are going to claim "bull market is back" 🐻😆
🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆IT'S NOT AN EDUCATIONAL POST,☝🏻 although, the message is teaching from it!🤲🏻
⚡ Guys, I'm not here to make money, I'm here to gather interesting people near me, to publish ideas for successful deals. ⚡
There are a lot of wonderful people here. REAL PEOPLE who have good knowledge and experience that can help many traders, especially beginners!
👀I’m here a little less than a month, but this month:👀
😡 I received a lot of messages in the PM asking for mutual likes (I’m not an angel, I can also just have people who follow me if they like ideas, give me likes. But that's not always case)
😡 some accounts from the top (not all, but I can analyze well) has a tendency to attract attention: put likes, and then pick them out
😡 you can see how the great ideas of the guys are ignored, and many ideas that gain 300-700 likes have no meaning at all.
✍🏻✍🏻✍🏻✍🏻Guys, why am I writing that's all ??? Those who doing this, they can be understood, they are trying to make money.💰💰💰💰
🙅🏻♀️They don’t want to offer quality, they want to deceive the audience ... let it go!
🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆
My message is for you, my dears. You need to thinking, learning, developing, analyzing, don't let manipulate you!!!
♥♥♥♥♥I love you very much!!♥♥♥♥♥
Your Rocket Bomb!🚀💣
Trading Tips for consistency 1- Find one repetable pattern on a specific timeframe and track it on excel to know the exact % win rate.
2- patterns are more powerful than technical indicators, imho indicators should be only used for signal entries and nothin more than that. Remember all indicators are lagging indicators so patterns remains more powerful.
3- the ability to master oneself and stay disciplined to wait and wait for your specific setup to CONFIRM.
4- DONT anticipate you must wait for CONFIRMATION only.
5- max loss per trade. Risk management is the king of the game and you must have a pre defined max risk per trade BEFORE you even enter into a trade.
6- use HARD STOPS. As soon as you enter into a trade you must set your hard stop immediately.
7- if new imho u must use max risk of 2% of ur equity on each trade as a max risk, if you are exprienced then you are allowed to use more.
8- Journal your trades, take screenshots of your charts with entries nd exits, as well as joirnal your thoughts before you trade, during and after you exit the trade. Remember this game is 80% psychology so tracking your emotions is KEY to success as a trader.
I wish you all success 🙏
The Bear 🐻
