Stoploss
NVDA First Target $395 at 1.618 fib. level from swing.Estimated first price target is at the 1.618 fibonacci retracemnt level around $394/$395 which is placed from the last corrective wave in march as well as coinsiding with another fibonacci retracemnt at the last swing from the last all time highs to the bottom(a year ago?). I reccomend taking some profits at that propposed level or issuing a trailing stop policy near that level to maximize gains and seccuring your capital.
Psychology trade cycle of SPX.....!!!Cycle of SPX
Cycle proposed that trends in financial prices resulted from investors' predominant psychology. It found that swings in mass psychology always showed up in the same recurring fractal patterns, or "Cycle," in financial markets.
The price will definitely for 5th cycle.
Maintain the risk and reword ratio on trade.
Stop loss estimate 2762 nearby below this price the SPX will fall.
TESLA: Can we exploit a tweet?Tesla did a sudden retreat over a few hours. It was caused by a tweet. Unfortunately I'm not at liberty to say who made the tweet. DYOR.
The point is, if you look at the 1H chart TSLA is back on a bull run. The tweet in question was just a minor 'itch' caused by the tweet.
Sorry - I don't do predictions, so there is no advice on entry points or targets. In fact I don't deal with targets at all.
Note carefully that TSLA is a very volatile stock, especially on 1H time frame. If you take a position long on this you stand to lose money, in attempting to make money.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
DJI (Wall Street) - 1H - patterns sometimes repeatMuch of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may appear to be repeating and then fail. That's when an affordable loss comes into the equation (it's called a stop-loss). The stop-loss limits how wrong one is in estimating a projection. Avoid predictions, is my motto - which is not everybody's motto.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
🔥A FEW THOUGHT OF STOP LOSS🔥👋🏻Hey, my dear friends!👋🏻
The weekend has come, it means, that the markets are showing slow activity.😴
👩🏻💻 That’s why I suggest you a little self-development.👩🏻💻
✋🏻Today I want to tell you my thoughts about stop losses.🛑
Some traders don’t use stop loss, thinking that they work wrong and that’s inconvenient.
In fact, if your stop-losses are triggered too often, then you set them incorrectly.
📌 For this reason, never try to put stop as close to the entry point as possible.
📌But it’s also not necessary put it too far from entry point, since the desire to “wait out” does not lead to a successful result.
Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions.
📎This cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
📌But over time, you can minimized it, by learning and development.💛💛💛 Believe you’ll succeed!
Many trading books often teach how to place stops at support / resistance levels.
📌Concept of setting stop loss at significant levels is correct. But at the same time, it can’t be set at the very level!
📌You should put your stop loss above / below the support / resistance level, respectively.
🔍🔍You can find my previous idea at the link below.👇🏻👇🏻
Stay with me✔👌🏻
Your Rocket Bomb 🚀💣
USDJPY STOP LOSS MANAGINGHi Traders,
I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind.
So as I promised, I'm here again with this pair because of SL managing.
I opened my position at 108,149, and now I moved my stop loss to this price. ---> Means I can't loose money in this position.
This pair is interesting now, because it seems loosing momentum. Now I'm monitoring the chart to see what's going to happen.
Stay with me, I will be back again with this pair.
Let's be successful together.
Follow me for new ideas, I'll appreciate your follows.
Have a great day ahead,
Benjamin
DJI (WALL STREET) - STIMULUS SHIMULUS 😂🤡Well, this is one to watch. This is a 30 min trend following setup. There are no targets.
NOTE: only about 20% of all traders are true trend-followers. Trend following is very difficult and far more risky than other forms of trading. There are serious losses involved if anyone follows this developing trend. You have been warned.
Break And Retest On EURUSDOn the daily time frame on EURUSD, price looked like it wants to downtrend. So on the one hour time frame, I was looking for selling opportunities. thus on the daily, there is a possible 1-2-3 move, and on the one hour time frame, I made a trend line. To continue, price broke this trend line and retested. As all this was happening, price remained below the 50 moving average, thus indicating a sellers market. Finally, with the stochastic indicator reading over bought, this was the final indicator i needed to confirm price may potentially continue down trending on the daily. The green zone marks take profit potentials, and the red zone marks a stop loss, great 3:1 ratio in profit potential. Also, from the previous high, to the previous low, the Fibonacci retracement is on a perfect 50%
EURAUD (4H) - TOUGH ONE.Everybody likes it simple. Well, this is a tough one.
As I promote radical transparency in trading, I'm also showing the reality - how difficult it is in making trading decision, and controlling loss. It is a waiting game, and about avoiding FOMO. Those who do not know what FOMO is, should stop trading instantly.
There are losses involved in this position - which are your own if you enter short now.
CADJPY (6H) - alert - kill zone. This is would be a late entry short if one decides to go in now.
If one cannot take the loss, stay out! You've been told. In other words if you lose your money, sue yourself.
I do not avoid the issue of losses. I'm going to bring it up more and more - as it is the main thing to be controlled in all trading. Any arguments about that?