usd stucked in range...Not sure what is happening to USD...but should be still stucked on higher Timeframe range..
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Risk
📈 The Trailing Stop Loss📍 What Is a Trailing Stop?
A trailing stop is a modification of a typical stop order that can be set at a defined percentage or dollar amount away from a security's current market price. For a long position, an investor places a trailing stop loss below the current market price. For a short position, an investor places the trailing stop above the current market price.
A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount.
📍Important Takeaways
🔹 A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.
🔹 Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.
🔹 A trailing stop is a stop order and has the additional option of being a limit order or a market order.
🔹 One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
ACHV Biotech ACHV had good earnings in mid-March and has been in an ascending triangle since that time.
The uptrend had a correction April 17th to 20th to which buyers responded with spiking
buying volume. Current volume is 3x relative to the usual and customary historical volume
averages.
I will take a long trade on this when price descends to the support trendline as notified by
an alert set on Tradingview. The target is the post covid highs of $ 17.00 . This is modest
compared with the average upside of the analysts of $ 22+ ( see the link below)
I will take out a sizeable stock position and also some insurance in the form of a long term
put option to manage the risk on the trade.
AN trending up nicely...As mentioned a break up on this pair would see more upside...lets trade with this likely new trend upwards. :)
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Ecad breakout and should continue higherEcad has broke out of its consolidation and likely to go higher...just wait for pullbacks
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Usd - still bias on the down side...The consolidation triangle on the h4 can break either way...but as of now i am more inclined to bearishness in USD.
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
✅TOP 5 BASIC RULES FOR FOREX MARKET BEGINNERS✅
⚜️Forex trading can be an intimidating venture for beginners, but don't let that scare you off! With the right mindset and a few basic rules, you can start trading confidently and profitably in no time. In this article, we'll go over five essential rules for forex market beginners that will help you navigate the trading world with ease.
⚜️Rule 1: Understand the Market
The first step to becoming a successful forex trader is to understand the market and how it works. Forex trading involves buying and selling currencies in the hopes of making a profit from the changes in their values. To get started, you'll want to learn about the different currencies, their values, and the factors that influence their prices. Some traders specialize in only a few currencies, while others prefer to take a broader approach.
⚜️Rule 2: Practice, Practice, Practice
Nobody becomes a great forex trader overnight, so it's important to practice your skills as much as possible. Some brokers offer demo accounts that allow you to trade with virtual currency in a simulated market. This is a great way to practice without risking real money. Use this time to develop your trading strategy, try out different indicators and techniques, and get comfortable with the platform you're using.
⚜️Rule 3: Manage Your Risk
When trading forex, it's important to manage your risk to avoid losing more money than you can afford. This includes setting stop-loss orders to limit your losses, trading with a smaller portion of your available capital, and avoiding risky trades that could lead to significant losses.
⚜️Rule 4: Keep Up with the News
Economic and political events can significantly impact currency values. For example, an increase in interest rates by a central bank can lead to an increase in the value of that country's currency. It's important to stay up-to-date with news and events that could influence the market. This will help you make well-informed trades and react quickly to changes in the market.
⚜️Rule 5: Be Patient
It's easy to get caught up in the excitement of forex trading, but remember that patience is key. Don't rush into trades without doing your research first, and don't let the fear of missing out (FOMO) push you to take unnecessary risks. Be patient and trust your strategy, and you'll see better results in the long run.
⚜️In conclusion, following these five basic rules can help any beginner forex trader get started on the right foot. Remember to take your time, practice often, and manage your risk to avoid significant losses. And most importantly, enjoy the thrill of trading, and have fun with it!
I Hope you guys learned something new today✅
Wish you all Best Of Luck👍
😇And may the odds be always in your favor😇
Do you like this post? Do you want more articles like that
The Journey of a Trader 🎓From Day 1 Until Profitable
On Day 1, a trader is just a passenger in a car that is controlled by others...
This journey is so common that when people realize others are doing the same thing, they don’t feel so alone. I have talked with thousands of traders through the years and the vast majority of them experience this journey just as I have.
Most start out so pissed off with life that something has to change. Most do not have college degrees. The ones that do have college degrees think they have an edge in trading… THEY DON’T but they can’t realize that yet.
Some people are smarter than others so they think trading will come easier to them. IT WONT. For some reason, trading comes easier to basic factory workers with no education and no one knows why.
Maybe it is just pure gut instinct. Maybe it is because they are used to following the rules. Whatever the case, trading is not, nor ever will be, easy.
Most traders give up before the journey ends. It has been said that 80-90% will give up in their first year but there are actually zero statistical studies to back this up.
One thing we do know, by looking at trading statistics from brokers is that only a small percentage are successful. By analyzing data from 3 of the largest forex brokers, we know that only 25-35% are successful in their trades and the others are losing.
This is a totally different number than all the "95% of trader lose" we see blasted all over the place. No one knows the REAL number.
Out of the small percentage that stick with it, success is born after a long and intense process. Successful traders go through a series of steps and it is kind of funny but we all go through the same steps, over and over.
Most traders I know have gone down this same path and I am going to lay it out for you here. While you are reading, this I want you to ask yourself where you are along this journey.
Ignorance Comes First
Then comes the «WOW» moment!
A WOW moment is when you find something that makes you take a double take, lose your breathe and say wow.
The second wow moment! 💥
A new spark of excitement and hope sets in…
Pure determination
At this point, you become unstoppable.
Others think you are crazy!
Everyone, at this point, thinks you have lost your damn mind!
Finally you can say, ” Heck Yeah, I made it!”
Freedom!
When you reach this point, you have given more effort than the overwhelming majority of so called traders out there. You have spent sleepless nights, sweaty day, cried, made yourself sick, mentally abused your mind, and just gave every dang ounce of energy you have to this profession. You have persevered and prevailed.
Hey traders, let me know what subject do you want to dive in in the next post?
Euraud looks good to rally higher
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
⚠️ Risk Management Examples Showcase📍What Is the Risk/Reward Ratio?
The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain.
📍Consider the showcased example:
An investment with a risk-reward ratio of 1:3 suggests that an investor is willing to risk $100, for the prospect of earning $300. Alternatively, a risk/reward ratio of 1:4 signals that an investor should expect to invest $100, for the prospect of earning $300 on their investment.
Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward).
It is very important to calculate your R:R before entering a trade. Sometimes the trade might not be worth the amount you're risking vs the reward you can get.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
USDSGD Reaching a key level to watch**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EU short term downA potential h&s...lets see..
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
"G" did "U" see that?Gee, golly, did you see how long it took for this trade PEPPERSTONE:GBPUSD to exit drawdown. It was only this morning after a long week of drawdown, and a even longer weekend of backtesting, the results are in! We set our stop loss, and allow the market to work. I have officially earned my very first $100 ever on the markets. According to my trading journal, my account is now up 58.24% in the month of April. Although trading this pair was not the smartest decision of mine. Learning how to trade has been the best decision I have ever made. Once I started taking this seriously, I am starting to witness the small results start to show: from learning price action, risk management, and fundamental analysis. There are so many elements into a being a professional day trader, and I am here for it. The biggest lesson I learned from this trade, was not to be emotional in the drawdown. If I cannot afford to lose $100, I cannot handle earning $100. A second lesson I have learned is how to simply read candlestick patterns. Third and final lesson of the day, was how to identify a divergence, these lessons, are exactly WHY I entered, and held the trade as long as I did, but from now on, I will stick to my trading plan, get in, and get out!
In conclusion, I'd like to share my trading journal entry..
DID I FOLLOW MY PLAN?
Yes. I exercised my 5 step trading strategy.
WHAT DID I DO WELL?
1. Set My Stop Loss (Take Profits) in profit.
2. Traded the pair in a new session.
3. Exercised good risk management, by setting a stop loss.
WHAT CAN I DO BETTER?
1. Allow price to test my zone before I enter a trade.
2.Cut My Losses Short Early
3. Stick to trading in my selected session! (London)
WHAT DID I LEARN?
1. Cut My Losses Short Early In The Future.
2. Patience and Virtue
3. How To identify a divergence.
DID I PREPARE PROPERLY?
NO, I entered a trade with a high lot size without reading fundamental analysis on the pair first.
I also did not set my price, and wait for a confirmation.
Potential h&s on the h4?Watch 1.088 area**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Audusd could likely be one of the weaker majors...Audusd should see more downside if USD is to strengthen on the higher timeframe...
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Audcad likely more downside
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
⚠️ Risk:Reward & Win-Rate CheatsheetThe reward to risk ratio (RRR, or reward risk ratio) is maybe the most important metric in trading and a trader who understands the RRR can improve his chances of becoming profitable. Basically, the reward risk ratio measures the distance from your entry to your stop loss and your take profit order and then compares the two distances. Traders who understand this connection can quickly see that you neither need an extremely high winrate nor a large reward:risk ratio to make money as a trader. As long as your reward:risk ratio and your historical winrate match, your trading will provide a positive expectancy.
🔷 Calculating the RRR
Let’s say the distance between your entry and stop loss is 50 points and the distance between the entry and your take profit is 100 points .
Then the reward risk ratio is 2:1 because 100/50 = 2.
Reward Risk Ratio Formula
RRR = (Take Profit – Entry ) / (Entry – Stop loss)
🔷 Minimum Winrate
When you know the reward:risk ratio for your trade, you can easily calculate the minimum required winrate (see formula below).
Why is this important? Because if you take trades that have a small RRR you will lose money over the long term, even if you think you find good trades.
Minimum Winrate Formula
Minimum Winrate = 1 / (1 + Reward:Risk)
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️