Stoploss
🔥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?
EURUSD(1D) - long with controlled losses. I explain why there is a long position in this drawing on my probability estimates - taken from technical indicators.
Note carefully the word 'controlled loss' means stoploss which means that's money one is prepared to lose. I never avoid talking about losses, as it is the most important thing to control in trading.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
GBPUSD : Long SetupHello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
GBPUSD 1W Chart
* Although we were under the effect of the short signal on the weekly chart, there was a Distributional Buy signal for this week.
When we look at the terminals in the Autonomous LSTM period:
* Here, as GBPUSD is decreasing, we see that positions are increasing.
In fact, the percentage increase in position is positive, but the price decrease may increase slightly.
So, our position size is small, so let's try again with a bigger position size in the bad scenario.
We made a beautiful oval bottom on the weekly chart.
If this is the Cup and Handle pattern, we are now in the full handle.
Attention should also be paid to this.
The analysis contains valuable Risk/Reward Ratio. (3 , 1/3)
The parameters I recommend are as follows:
Position Size : %0.5
Risk/Reward Ratio : 1/3.02
Stop-Loss : 1.27831
Goal : 1.31995
Regards.
BTC makes 'em Scared! Not me thoW Buy area seems working still.
Couple of whicks down to S1 would be lovely (for me)
I dont think how much BTC retrace will effect the 2020 targets. (not below our LL ofcourse )
Lows can only slow us.
I'll be looking for entries every time we hit a support (S1 S2 S3)
.....................................
The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
.....................................
Introduction to the BEST Trade ManagerHello traders
Let me highlight what the BEST Trade Manager can do for you.
The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios.
We made it as such the visual rendering is also very nice on mobile devices.
Reviewing:
- How to connect your own indicator(s)
- How to read the graphical elements
- The 8 Stop-Loss options
- The 4 Take-profit options
- The alerts and dynamic alerts for trading automation
Links are in my signature for more information about it
Wishing you all the BEST for your trading using it.
Dave
BTCUSD 1H WILLIAMS %R MOMENTUM STRATEGYStep #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying .
Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level.
Note* If the %R momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend.
Step #3: Place Your Protective Stop Loss below the Recent Higher Low.
We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal.
Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal.
Step #4: Take Profit once we break below the Previous Higher Low
A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low.
Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level.
Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade.
Summary
The best momentum trading strategy (%R) leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market.
Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way. Check out our Price Action Pin Bar Trading Strategy.
Platinum : Long SetupPlatinum, a precious metal, is traded at a discount compared to other metals and has broken the trend line.
Although this analysis includes a low Risk / Reward ratio, I have shared it as a roadmap for lower time periods.
Because the risk / reward ratio can be much more profitable in lower time periods.
For the main source of analysis, don't forget to look at the related ideas, I wish everyone a happy New Year.
Parameters :
Position Size : %1
Risk/Reward Ratio : 1 / 1.75
Stop-Loss : 895.8
Goal : 1117.921
BACK IN THE GAME... LET'S SMASH 2020 TOGETHER!!Been away from trading due to holidays (Thank you Isreal you were amazing!!)
So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it.
And during this long term channel, we have a shorter ascending channel with a perfect place to enter.
HOWEVER...
If it was only that easy ever retail trader would make money! The banks know this and manipulate to market to take out all the stop losses for liquidity. They need this as their orders are so big, price would just shoot if they tried to place them all at one level.
GOLDEN RULE - - - FOR A TRANSACTION TO TAKE PLACE ON THE MARKET, THERE MUST BE A BUYER AND THERE MUST BE A SELLER. ALWAYS.
EURUSD 30M LONG TRADEWHY I TOOK THIS LONG TRADE
1. Divergence between Price and MACD Histogram
2. MACD holding at STOCHASTIC 20 level
3. Price retraced to 38.2% Fib then made new low
4. Price held the -23.6% Fib
5. Price held previous support level
6. Morning Star reversal candle pattern
7. Entry next candle open after #6 pattern
8. SL below swing low