𝕋𝕣𝕖𝕟𝕕 ℂ𝕠𝕟𝕥𝕚𝕟𝕦𝕒𝕥𝕚𝕠𝕟 ℙ𝕒𝕥𝕥𝕖𝕣𝕟𝕤Hello friends! Let's keep learning?😉
Today we will talk about Trend continuation patterns 💪🏻
LET"S GOOO🐱🏍🐱🏍🐱🏍
🐂 Bull flag 🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
🐻Bear flag🐻
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
🐂Bullish pennant🐂
The pattern trading rules are identical to the bull flag trading rules.
🐻Bearish pennant🐻
The trading rules are the same as for the bear flag.
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
Previous EDU post about Reversal-Patterns 👇🏻
Rocketbombtrading
😱Types of Fears in Trading😱Link on a good view👇🏻
There are several main types of fear:
💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade;
💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility. This kind of fear is easily correctable;
💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them ;
💡- general fear of working on the market . It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchang e;
💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal;
💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trad es.
💡 TEST 💡
Result. Psychological profile:
🔥80-100🔥
The invoice indicates, that your trading ideas are incompatible with the daily trials of this business. Perhaps you should reconsider your views on intraday trading and your motivation. That can be done by systematically eliminating your negative misconceptions about trading. Return to the questions and try to answer them again, noticing those points where the answers have changed.
🔥60-80🔥
The account indicates that you have an idea of trading as a long-term trader. You should develop a style suitable for deals lasting from 3 to 8 weeks.
🔥40-60🔥
The account indicates, that you have the perfect psychological structure to become a short-term trader, or work as an intraday trader. You seem to have an aggressive nature, that can handle the emotional vibrations of this job.
🔥20-40🔥
The score indicates, that you may be too short-term in your forecasting horizon, which can lead to hesitation in decision making. Perhaps you should develop an effective trading tactic, that you could believe in.
🔥0-20🔥
The account shows, that you are too extreme to trade. To succeed in the field of trading, you should work on analysis and forecasting. This can be done through visualization, goal setting and results planning.
🧐If you liked this format of EDU posts, let me know that.😊
I love you and wanna be helpful for you.💋
Support me with like👍🏻
Sincerely Your Rocket Bomb🚀💣
💲Holy Grail Trading System 💲Hello, my lovely friends!!!💓💓💓 Link for great view 👉🏻https://www.tradingview.com/x/VYQKhV8J/
🔥Today I have something spesial for you today! 🔥 That's 💲Holy Grail Trading System 💲!!!
By “Grail” in trading we mean a unique trading system that can continuously generate profi ts.
☝🏻 According to the legend of the Holy Grail, those who drink from this cup receive immortality.
The idea of this scheme is simple. Only by applying of those three conditions You'll become possible to significantly increase capital.💰
🧐Let's go briefly through all the elements.💪🏻
The first element,🎯 trend trading , I think, doesn't need unnecessary comments. Trending strategies for a trader are the best way to make money. 👊🏻
But why is this element alone not enough? Even if a trader has an ideal trend trading system, in the absence of a trend, he will lose money.
The trader should be where there is volatil ity 🎯, because volatility = profit.
The ship in full calm stands still, no matter what sails he had. Here, to some extent, there is an element of luck.
Yes, there is room on the market for purely external circumstances - there is nothing to be done about it. Not everything is controlled by the trader. It is especially important for risk-averse traders to learn not to get into the market during periods of low volatility.
At this, the last stage🎯, trader needs to find a balance between the desire to squeeze as much out of the market as possible and the ability to calmly, without nerves, sit out corrections.
When the market turns against the position, the trader still doesn't know whether this is a correction or a trend reversal. While sits in position and makes a decision, this movement eats up part of the floating profit or creates a loss. If the trend doesn't resume, a late trader has to close a losing position.
The risk should be approximately, that trader can make such a mistake a sufficient number of times and still be afloat 💪🏻
Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!!
👍🏻Support my enthusiasm with like!😘😘
✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐
🌞I'm glad of your feedback !!!🌞
Always Yours Rocket Bomb🚀💣
My previous works!👇🏻👇🏻👇🏻