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AUDJPY (3D) - The choice is yours.Nobody knows where price will go! In these sort of zones anything can happen. I always look to higher time frames like these to understand any price vacillation on lower time frames. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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.
by Captain_Walker
Why not to trade/scalp with a high leverage?Why not to trade with a high leverage? We, scalpers, usually trade with leverage, because our gain from an individual trade is small but only accumulates in a period of time if we re-invest after each trade. Because of our tendency/ human nature we tend to focus on profits but in the long term it is our losses who determine our success. Our losses are mainly through stoplosses or liquidations. From this point on, I would like to give examples from my trading strategy. I always recommend in my published ideas, not to trade with a high leverage. Here is a basic calculation to show you why I recommend low leverage trading. In my Trades, the main target is what I call "exit2" which is around 1% change in the direction that we wished for. Sometimes "shit happens" and we crash the stoploss (I will use 2% change as an example). How many succesful Trades (%1) do we have to manage to overcome a loss by a stoploss (2%)? That is really different by each leverage. -By 3x leverage you have to trade around 2.22 times to overcome the loss of a stoploss. -By 5x leverage you have to trade around 2.37 times to overcome the loss of a stoploss. -By 10x leverage you have to trade around 2.485 times to overcome the loss of a stoploss. -By 15x leverage you have to trade around 2.62 times to overcome the loss of a stoploss. -By 20x leverage you have to trade around 2.87 times to overcome the loss of a stoploss. -By 25x leverage you have to trade around 3.15 times to overcome the loss of a stoploss. As you can see, with an increasing amount of leverage you have to be more successful to even break even. I would say it is Ok to scalp with a leverage of max. 10x, but I would definitely recommend not to scalp/ trade with a leverage higher than that.
BITMEX:BTCUSD.PEducation
by Master-of-Scalping
6
AUS200 (1d) - probability south. No loss no gain. This is a risky position, obviously. I do not know if it will fall or head north. My estimate is for the south. Heavy losses may be involved. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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.
FX:AUS200Short
by Captain_Walker
AMD - Correction Is Over, AlphaOverBeta Technical AnalysisHello Traders, Analyzing AMD from the technical perspective, we see that the peak was reached at 57$, After that, the stock retraced some of the gains and went back to the support of 52$ and the stock is now ready for the next leg up. Our stop loss is set at 49$, a healthy 3$ spread, there is a greater chance that the stock will move to the upside but in case it does not and the correction turned into a downtrend, we close the entire position at 49$ Today (May 27th) is an interesting day for the price pattern of the stock, a clear hammer is formed supporting the uptrend hypothesis, The support of the 52$ is also the 50 days EMA which also served as support since April 2020. Trade Smartly, Alon, AlphaOverBeta
NASDAQ:AMDLong
by Alon_AOB
5
CADJPY: In a potential kill zone. This is on the daily time frame. Nobody can predict where price will go or how far it will go in any direction. This means that if one is shorting or going long on this position, one has to expect losses. I always keep losses at the forefront of all my posts. I cannot predict what will happen next. People often ask me for targets. I don't do targets. This daily position can be exploited on lower time frames, with the right skill. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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.
Short
by Captain_Walker
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.
NASDAQ:NVDALong
by ChristosTrader
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.
NASDAQ:TSLALong
by Captain_Walker
2
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.
FOREXCOM:US30
by Captain_Walker
1