Meet Percy - 'YOUR' new Trading E-Mentor - he's cool......Percy is a great guy... he can be a girl too and you can call him or her whatever you wish. I just chose the name Percy, I think its quirky. :-)
BUT ....
Percy can help you like he helps me - Let me introduce you to him.
He tells me when to enter a trade, when to close a trade, what lot size to use - he helps me stay on track when I feel like closing early (Percy hasn't closed so I shouldn't) he helps me ignore them voices of increasing my risk.
Percy works incredibly hard, he has back tested over 4200 trades to help me identify my edge in the market.
Percy is simply a legend, I trust him, I have confidence in him and I follow his lead.
Get a Percy.
Regards
Darren
Strategy!
Common TradingView Mistakes and Friendly TipsIn this video idea, I share some common mistakes I see people make when looking at and interpreting strategies and indicators on TradingView that may impact their profitability when trading. I also share some helpful tips on how to avoid falling for other people's mistakes by getting sucked into public strategies that seem too good to be true, and also how to use some of the more undervalued features on TradingView to help improve your experience.
GBPUSD 1:2 RR - Whats your edge in the market?Hi,
I have just recorded this video to demonstrate the effectiveness and ease to find your edge with our strategy.
Any funded traders, attacking a challenge - you need to watch this too!
A 1:2 RR requires a 33% win rate and above, here you can see 100%+ gains YTD risking just 2% per trade on your account.
Simple trade with no bias and no emotion to any specific trade outcome - simply follow the strategy - trading can be mechanical, simple and emotionless.
I hope this video helps demonstrate how we trade and how we ensure we have an edge in the markets.
Drop us a DM, let us know what you think and if you have any questions.
Regards
Darren
NZDUSD - LEARN DOUBLE SUPPORT BUY TRADE SETUP - 100% WINWe have explained every point of this trade setup on the chart. What factors affect the trade are also explained here. NZDUSD remains in a strong uptrend since April after a big downfall during a pandemic breakout. We have marked three support zones which give us potential buy entry to trade the pair. Currently, price is moving around 0.66300 levels which is a strong support line to target 0.6700 levels but if price pressure ables to break below support zone we can exit the trade immediately as stop-loss hunting setups start.
What Is Options Assignment Risk?What is the options assignment risk?
Trading options is a very lucrative way to make money in the stock market. Using the same methods that I teach in my trading PowerX Trading Strategy, I was able to turn a 25k account into a 45k account in 2 months!
25K to 45K in 2 months? This sounds too good to be true… and I would like to tell you that it is NOT too good to be true, but there are some inherent risks associated with options trading.
ONE of the biggest risks, and possibly the MOST common risk associated with trading options are options assignment risks.
As you may know by now, options contracts expire. When you purchase an options contract you have the right to exercise the contract, and buy or sell the underlying asset for the agreed-upon price. If you allow the contract to expire in the money (ITM) you run the risk of being assigned the 100 shares of the underlying stock.
This is known as an options assignment risk.
Specific Examples of Options With Different Expiration Dates
In the example we’re going to discuss today, we’re going to look at how options expiration or the length of time to expiration can affect your options assignment risk.
To illustrate the relationship between options assignment risk and options expiration, we’re going to look at trading a 315 call options contract on Apple (AAPL) with 7 days left until expiration. The current strike price of AAPL is 318.
This options contract is currently trading for $6 , but only has $3 of intrinsic value. If you were to exercise the option, you would be able to purchase the AAPL stock for $315, and you would capture $3 of profit. If you sell the option, you’ll earn twice that, because the options contract is selling for $6.
The difference in the cost of the intrinsic value ($3) of the option and actual value ($6) of the option has to do with time decay. As the option contract gets closer to its expiration date, time decay erodes the value of the options contract.
In our next example, we’ll look at trading the same options contract with a $315 strike price, but with 0 days to expiration.
As you can see in this image, the same contract with zero days until expiration has only $3 of value. Time decay, otherwise known as theta, has slowly eaten away the value of the contract so that now there is only the intrinsic value of the option left.
On a side note: Selling Theta is a very powerful way to make money while trading. I have taught thousands of traders to use Theta, or the time decay of options, to produce income while trading options.
Options Expiration
As an options contract nears expiration, the risk of options assignment increases exponentially. When an options contract has been purchased, it can usually be sold before expiration to prevent an assignment.
However, options contracts that have been sold pose the opposite risk. If you have sold a put contract for example, and the options contract is in the money at expiration, you must either buy back the contract BEFORE expiration, or risk options assignment.
In this next example, we will look at selling a put contract on Herts (HTZ) .
The current price strike price of HTZ is $2.87.
If you were to SELL a $3 put option on HTZ , the option would have the intrinsic value of .13 cents! Meaning if you chose to exercise the option, you would only make .13 cents per share.
If we look at this option with 1 week out until expiration we can see that it has more value because time decay has not eroded the value.
To Exercise or to Sell, That Is The Question
As you can see, there’s WAY more profit when selling a contract vs exercising a contract when there is time to expiration.
In summary, it’s very unlikely that someone will exercise an options contract when there is time remaining before expiration. There is usually more profitability when there is less time decay or Theta decay in the contract.
When should you worry about options assignment risk?
Some traders are under the impression that IF the stock price moves below or above your strike price (depending on whether you sold a put or call) you risk assignment immediately. This is NOT true. You risk assignment the closer your contract gets to expiration.
Can you spare me 17 mins? How we can help you with your trading!We believe and support the idea there are 3 pillars of profitable trading;
1. Strategy
2. Risk Management
3. Psychology
This video is just 17 mins long but explains how we believe we can help you in all of the 3 areas above.
Would love to read your comments, please let me know what you think.
Thank you,
Darren
Using the Strategy Tester to Evaluate a StrategyThis video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester.
I highlight the overview of your strategy, dive into the details of the performance summary for your strategy, and show how we can review all of our trades including our commission paid.
Finally, we show how changes to the strategy can alter your Strategy Tester results and how accounting for commission(fees) and selective testing windows can alter perceptions on strategies.
Day trading and Scalping Example NIFTY July 8I use multi time frame analysis very heavily. I always establish context for trading before I start the day. For context and levels, please check the following posts prior to July 8 *** Links Below
I am always fascinated by day trading - not because of the lure of quick money. But I think it is extremely hard for me. At least it is hard for my personality. It is always said there are two kind of traders
1. Traders who can think very fast
2. Traders who can think very deep
I always see myself comfortable in category two - deep thinker. But to put myself out of my own opinion's prison - I day trade.
Though day trading is hard, it teaches many things to me as a trader.
1. Emotional Control and Money Management - I don't have time to adjust , reflect back and somehow prove to myself that I am on the right side. I better quickly exit of my positions with great emotional control.
2. Relentless Planning - Since I don't have lot of time, I have to plan insanely - thinking of all possibilities and my actions.
3. NO to laziness - I cant afford to relax during the day session. I need to have extreme clarity of thought throughout the trading session.
Now, one may think that all these learning can be from any time frame trading. That's true. But when you have a ticking clock next to you and market presenting you 1 of n possibilities every single candle, that changes you for good. It makes you fast. Then you can adjust to larger trading styles easily.
Below is my example live thought log for the day. I escaped the day with approx Rs 34 / lot profit. Not a bad hunt after crazy price movement!
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NIFTY chart is extremely positive. Market looks prime for 11000, but global clues soft. Typically, such setups if bullish do not give chance to enter, starts with gap up. If there is no gap up it may be contra indication for sideways movement for the day. Since it is Wednesday , 1 day prior to weekly expiry, it is better to sell options and scalp premium.
Risk : large volatile movement. Stop Loss, opening ranges of 1 st hr. Close positions starting from 1:30 PM.
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1. Expectation was rally. But flat opening. Global markets are soft. Hence I sold 9300 CALL. Idea is to cash in Theta loss for the day in case of sideways movement. It is a risky trade.
2. Candle at 9.30 starts confirming this movement. Let this movement complete.
3. Any close below Previous day High, position can be added to.
4. As yesterdays high shows support around 10800, 10700 PUT is sold as well. Again Idea is to get benefitted by sideways movement and theta decay.
5. Overall position entry is now 33+30.30 = 63.30 Rs.
6. Since breakout failed, now NIFTY likely to stay in the range. So 10800 CALL sold 68.05 Rs.
7. So far trade is going ok. definitely signs of consolidation. BANK NIFTY broken out, NIFTY lagging.
8. Position 10700/10900 Strangle : 66 Rs (3Rs loss)
Position 10800 Call : 74 Rs (6 Rs loss)
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9 Rs Loss
9. Position 10700/10900 Strangle : 65 Rs (2Rs loss)
Position 10800 Call : 56 Rs (12 Rs Profit)
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10 Rs Profit
Going as expected. On breakout of the opening range Another short added 10800 CALL 56
10. Opening range breakout failed. 10750 PUT sold, Now look for opportunity to reduce position on 10800 CALL as breakout failed.
11. Usually NIFTY may jump around after 1.30. VIX did not decrease so far. So NIFTY players sense uncertainity at these levels.
Closed 10800 1/2 position.
Position 10700/10900 Strangle : 56 Rs (10Rs Profit)
Position 10800 Call *: 62 (6 Rs Loss)
Position 10750 Put : 46 (3 Rs Profit)
* Position 10800 CALL : (68-61) (7 Rs Profit)
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7 Rs Profit / 7 Rs Booked Profit = 14 Rs
12. The price range is getting tighter. NIFTY advance decline is 25 to 24 Neutral.
13. As Expected move started. How strong the move to be seen. 10800 PUT sold as initial direction of the move crossing the range. VIX started cooling off
14. Break above range is not showing strong follow through so expansion attempt is not rapid. That is a good sign for my trades.
Position 10700/10900 Strangle : 50 Rs (13Rs Profit)
Position 10800 Call : 74 (18 Rs Loss)
Position 10750 Put : 31 (18 Rs Profit)
Position 10800 Put : 50 (4 Rs Profit)
* Position 10800 CALL : (68-61) (7 Rs Profit)
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17 Rs Profit / 7 Rs Booked Profit = 24 Rs
15. NIFTY is showing many indecisive moves. It is above previous day high. Essentially, the morning down move can be negated and fresh up move possible tomorrow.
It is 2.20 PM so 1 hr to go in trading. Priority will be to close short positions first. Then Long ones.
Closed 10800 Put : It was latest and more prone to loss.
* Position 10800 Put : 49 (5 Rs Profit)
16. NIFTY dipped below Previous day Low. Now NIFTY can again go to 10800
17. Actually large moevement at 2.30 PM. Closed the positions. Final tally is
Position 10700/10900 Strangle : (63 - 45)(18 Rs Profit)
Position 10800 CALL : (68-61) ( 7 Rs Profit)
Position 10800 CALL : (56-55) ( 1 Rs Profit)
Position 10750 PUT : (49-46) ( 3 Rs Profit)
Position 10800 PUT : (54-49) ( 5 Rs Profit)
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34 Rs Profit
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Retrospection :
-ve's
1. Position of 10800 PUT sell was not a good position to take, it was more like a balancing previous position.
Better option would be to just square off 10800 CALL position for loss.
2. Entry for 2nd position on 10800 CALL could have been better. Also it was not correct with original sideways assumption.
+ve's
1. Traded as per the plan.
2. I was able to close everything fast enough before the volatile move.
Reference
Monthly Analysis
Weekly Analysis
July 7 Log
Trader's Guide to Credit SpreadsThe strategies and ideas presented in this guide have been designed to provide you with a comprehensive program of learning. The goal is to guide you through the learning experience so you may be an independent, educated, confident and successful trader. There are numerous variations of traditional options strategies and each has a desired outcome. Some are very risky strategies and others require a considerable amount of time to find, execute and manage positions. Spreads are a limited risk strategy.
Spreads
Spreads are simply an option trade that combines two options into one position. The two legs of one spread position could have different expiration dates and/or different strikes.
Spreads can be established as bearish or bullish positions. How the spread is constructed will define whether it is bullish (rising bias) or bearish (declining bias).
Different types of spreads can be used for the same directional bias of the stock. For example, if the stock has a declining bias, a call credit spread or a put debit spread could be opened to take advantage of the same anticipated move down.
In this guide we will be talking about Credit Spreads , which are a limited risk strategy. Learning how to manage risk is as important as learning the details of a strategy.
Credit Spreads
A credit spread is created when an investor simultaneously sells-to-open (STO) one option and buys-to-open (BTO) another option. The premium received for the STO is always greater than the premium paid for the BTO thus creating a net credit to the account.
Example :
STO a call using the 120 strike for a credit of $5.20
BTO a call using the 130 strike for a debit of $3.80
Net credit for the spread is $1.40 = 5.20 credit - 3.80 debit
The ideal construction of a credit spread is to sell-to-open (STO) an out-of-the-money (OTM) strike and buy-to-open (BTO) the strike that is 5 – 10 points further out-of-the-money (OTM) using the same expiration. When opening a call credit spread , further OTM means a higher strike. When opening a put credit spread , further OTM means a lower strike.
Both legs are opened on the same underlying equity and use the same expiration month.
Call credit spreads are opened when there is a declining bias and will be profitable if the stock moves down. This is because a call credit spread is opened for a credit and since the value of a call option decreases as the stock goes down, at some point the spread will be bought-to-close (BTC) for less than it was sold-to-open (STO).
Here is an example:
Stock trading at 500 and has a declining bias.
STO 510 call
BTO 520 call
This spread creates a credit of $4.80
Stock declines to 490 causing the values of the calls to also decline. The position can now be closed for a profit.
BTC 510 call
STC 520 call
The cost to buy back the spread is only $3.80. Since the stock declined in value, the call options are cheaper.
The spread was STO for a credit of $4.80 and BTC for a debit of $3.80 resulting in a $1.00 profit.
Put credit spreads are opened when there is a rising bias and will be profitable if the stock moves higher. This is because a put credit spread is opened for a credit and since the value of a put option decreases as the stock goes up, at some point the spread will be bought-to-close (BTC) for less than it was sold-to-open (STO).
Here is an example:
Stock trading at 520 and has a rising bias.
STO 510 put
BTO 500 put
This spread creates a credit of $3.60
Stock rises to 530 causing the values of the puts to decline. The position can now be closed for a profit.
BTC 510 put
STC 500 put
The cost to buy back the spread is only $1.80. Since the stock went up in value, the put options are cheaper.
The spread was STO for a credit of $3.60 and BTC for a debit of $1.80 resulting in a $1.80 profit.
Time decay is a positive factor in trading credit spreads. Since the position is opened for a credit, money comes into the traders account immediately. As time value decays, combined with a favorable movement of the stock, the value of the position will decrease allowing the trader to buy-to-close (BTC) the position for less than it was originally sold-to-open (STO).
Risk and Reward on Credit Spreads
Reward
The maximum profit that can be earned from a credit spread is equal to the net credit received when the spread was opened. For a credit spread to realize the maximum profit, both legs of the spread would need to expire worthless which means the position would need to be held until expiration and be out-of-the-money at expiration.
It is not advised to hold positions until expiration. Short term movements in the stock plus time value decay provide opportunities to close out positions for a profit of, generally, about 10%. If a position is profitable and the trader decides to hold the position hoping for a bigger profit or in an attempt to carry the position to expiration, there is a good chance that the profit can disappear, and the position could turn into a losing position.
A good way to lose money is to wait for a bigger profit.
Risk
The maximum risk, or potential loss, from a credit spread is the difference between the two strikes minus the net credit.
Example:
STO 120 call for a credit of $5.20
BTO 130 call for a debit of $3.80
Net credit for the spread is $1.40
The difference between the strikes is 10 points. $10 is the max risk less $1.40 credit = risk of $8.60. The maximum profit is equal to the net credit, $1.40.
Losses occur when the short strike (the STO leg) is in-the-money at expiration. This is because the trader has sold to someone else the right to buy the stock at the short leg strike. Since the trader does not actually own the stock, they will need to buy it and sell it at a loss.
A maximum loss will occur when both strikes are in-the-money at expiration.
The breakeven point on a bearish (call) credit spread is the lower strike price plus the net credit. Referring to the example above, if the stock settled at 121.40 at expiration, there would be no loss and no profit.
Example of breakeven point on above credit spread:
Stock trading at 121.40
Buyer exercises the right to buy stock from you at 120.
Since you do not own the stock, you buy it at the market price of 121.40 and sell it at 120. This results in a $1.40 loss
You get to keep the original credit of $1.40. This netted against the $1.40 loss results in breaking even on the position.
The breakeven point on a bullish (put) credit spread is the higher strike price minus the net credit.
Calculating the Return
There are two ways to view the percentage return of profits from a credit spread. One is to divide the profit by the difference between the strikes. If the difference between strikes is 10 points and the trade resulted in a $1.00 profit, that would be a 10% return ($1.00 / 10).
The second approach is to calculate the return based on the amount of capital that was at risk. After all, if the trade lost 100% of the risk, that is the amount the trader would no longer have. So, the profit percent is calculated by dividing the profit by the risk. In the example above, the net risk is $8.60. If the credit spread trade resulted in a $1.00 of profit, the percentage return would be 11.63% ($1.00 / $8.60). This approach shows the importance of managing risk. Lower risk drives higher returns relative to capital at risk.
Opening a new Call Credit Spread
The following steps should be referred to when opening a new call credit spread position:
1. Review the technical indicators on your chart and confirm there is a consensus between multiple indicators pointing to a declining bias.
2. Select an expiration that is two to four weeks out. Two weeks is generally the minimum time to expiration you want to use. Building time into options positions is advised in case it needs to be managed. The sweet spot for opening new positions is three weeks to expiration.
3. STO an out-of-the-money (OTM) call strike.
4. BTO the strike that is 5-10 points further out-of-the-money (OTM). With a call spread, further OTM means a higher strike. Generally, when properly constructed, the credit on a 5 point spread will be in the range of $1.20 - $1.80. A 10 point spread will generally be 2.50 – 3.50. The closer the strikes are to the current price, the higher the credit, while this reduces the overall risk of the position, it also increases the chances of the position moving in-the-money (ITM) which can result in an overall loss.
5. When placing the order, always use a Limit Order . A limit credit order specifies to the market the amount of the credit you will accept. A limit credit order will be filled at the specified limit or higher. Market orders should not be used.
6. With some stocks and indexes, the difference between the bid and ask is quite large. The broker will usually give you a quote called the “Mark”. This is the midpoint between the bid and ask. It is the price you should start with when submitting your limit credit order.
7. Calculate the risk of the position. Difference between the strikes – credit = risk. A position with a credit of $4.50 and 10 points between the short (sold) and long (buy) strikes would have a risk of $5.50.
8. Use the risk number to determine the number of contracts to open. Risk x 100 = the investment required for each contract. With $5.50 of risk and 1 contract, the total investment would be $550. ($5.50 x (1 contract x 100 shares per contract)). The total investment on 4 contracts would be $2,200. ($5.50 x(4 contracts x 100 shares per contract)).
9. Once you know the total investment required per contract, you can decide how many contracts to trade based on the size of your portfolio and personal risk tolerance.
10. After the trade has been opened, place a Good-til-Canceled (GTC) order to close the position. A GTC order will stay active until market conditions are such that the position can be closed for a profit. GTC orders execute automatically and do not require you to be in front of your trading platform to take advantage of the profit opportunity. Place the GTC for a limit debit price based on your desired profit target. One example is to set a GTC for 50% of the credit you received when you opened the position. With a credit of $4.50, a GTC would be placed to buy to close the position at $2.25 allowing a $2.25 profit.
Bollinger Band Snaps (BBS)Bollinger Band Snaps (BBS)
Timing of options trades are elusive, especially during dynamic price trends. There is one technique, however, that reliably and consistently allows you to time trades. The Bollinger Band Snap (BBS) signal occurs at very precise moments during a bullish or bearish trend, and vastly improves timing of both entry and exit.
The chart of Chipotle (CMG ) is highlighted with three examples. The first occurred in late February, when price moved below the lower Bollinger band for two sessions. The move then “snapped” back into range, which is predictable. Price rarely remains outside of the Bollinger Band range for long.
The second event occurred in mid-March, when price moved below the lower Bollinger band. In this case, the expected retracement (snap) happened the next market day.
The final incident was the longest of the three, from mid-May into end May. Price traded above the upper band for six consecutive sessions before snapping back into range.
The signal is reliable because a retracement back into the Bollinger Band’s two-standard deviation range is inevitable. It can take a longer or shorter period, but it eventually occurs. The signal provides both an entry flag (when price moves outside of the band) and an exit flag (when it moves back into range).
Trading this signal is also apparent at the time it begins to develop. A move outside of the Bollinger trading range generally is going to snap back within a few sessions in each instance. In the February case, price was approximately $755 per share. With the expectation of a snap back into range, a bull credit spread could be opened with puts. Buying one 735 put and selling a 740 put would have set up a small credit. Using the weekly expirations ensures rapid time value decay.
In the second example, price was approximately $465 per share. A call could be opened using 4 – 6 weeks to expiration and opening an at-the-money strike.
The credit spread strategy could also be applied in mid-May when price began advancing above Bollinger’s upper band at $998 per share. Buying one 1030 call and selling a 1025 call for a credit.
In all of these instances, the entry point is easy to identify. It is seen where price moves outside of the two standard deviation range marked by the upper and lower bands. The exit point then occurs when price snaps back into range.
Using the strategy tester to prove WTD performance!Use the strategy tester with our strategy to check the weekly performance, use it also as a trading journal - you simply need to follow it at least!
We can see all of the trades for the week and the profit and loss.
Strong gains this week with a 20% gain risking 1% per trade - even more on some 30 minute entries. A great week, catching big JPY moves in particular. and holding them!
This is NOT just an indicator, its far more than that as you can hopefully see.
These gains do not include the 300+ pip move on Gold or indices, etc.
Regards
Darren
Scalping opportunity on the 1m/3m/5m timeframes .....Those that like to scalp or want to learn can using our strategy.
Its very clear to see how to follow price as shown - also our members can test using our strategy tester and hone in on the settings and parameters even further. However, this video is just showing standard settings.
Either follow price or use the labels for SL and TP targets.
Part close at TP2 and leave TP3 until the reverse signal or SL to entry, could work too.
Lots of different ways to manage the position once you are in - even taking 15 pips a time would have worked a treat.
Regards
Darren
Blue FX
Blue FX Strategy v3 - letting winners run is key!An explanation into V3 and the differences that are designed to help you the trader, in execution, convenience, efficiency, trading psychology and ultimately profitability.
Improvements made;
Lot size calculator
Pips in brackets
Back testing functionality
Customisable settings
Stop loss and Take Profit labels visible on all time frames
and more!
Its all there - explained in the video traders.
Thank you.
Regards
Darren
Blue FX Trend Strategy V1 - how does it work?Video explanation on V1 - how it works and how to use it.
We will next explain V2 and V3.
We have developed the initial strategy very quickly and these videos will explain the changes and help you the trader, find the right tool for you.
There is no one size fits all approach, but fundamentally our strategy is based on you being the right side of the market and to encourage you to let your winning trades run.
Cut losers, let winners run.
Sometimes the best trade to take is the one you are already in!
Learn to spot a ranging market and have patience in your execution on a break out and you will vastly improve the statistics here too.
Full back testing functionality on just trend following - BUT scroll left and test easily too with a Fixed Stop Loss (SL) and Take Profit (TP).
Custom settings can improve or decrease performance across all pairs.
Regards
Darren
This is the only video you need to watch today! PROOF of successHi Guys and Girls
I hope everyone is well.
I am personally really excited about this video, our strategy and the community we are building.
I genuinely don't think there are many services that can verify and validate the profitability of a strategy in a few minutes with data for nearly 320 trades across nearly 30 pairs for our May and June to date performance.
We can.
Risking 1% per trade - double account growth - crazy right? Even risking 0.25% is just under a 30% gain. Or just trade less pairs and still get great results - as we show in the video.
In the video we talk about the changes and improvements to V3 - this can be a live trading journal you just need to follow. No need for myfxbook lot size calculations or the Stinu (which is great!) app - we have it all built in automatically - set your balance, your desired risk and as if by magic or some forces from the universe - the lot size you should trade appears directly with the trading signal. #gamechanger
These statistics are also on 'one size fits all' settings which still prove to be great (apart from on 4 pairs) - we know we can improve these a lot more and that is what we are currently working on - this will look like a PRESET pull down menu that does it automatically.
There is no need to leave trading to 'chance' and being 'lucky' or not - we have PROOF our strategy works, watch the video and take confidence, positivity and self belief into your own personal trading journey.
Regards
Darren
PS - Thanks again to Connor and our secret weapon - we call him Uncle Wizard.
May review - H4 TF 4 Pairs +9% Gain at least!A review using H4 time frame and why we use ATR - ATR SL and TP will be built into V3 that's imminent.
EURJPY
GBPJPY
GBPAUD
GPPCAD
Over 9% on the table with 1:2 - even more potentially.
Very easy to trade and less 'noise' on the H4 timeframe.
Regards
Darren
Weekly Recap Part 1Part 1 weekly review.
Explaining our strategy and how to be patient removing the low probability setups.
Part 2 is incoming.
Our weekly stats are posted in our public channel too - done manually but on launch V3 will have instant back testing - to save me time and to prove how profitable and successful this can be.
Regards
Darren
NIFTY50 - Trendline Breakout StrategyWhenever i see a trend-line break , but not a follow-through move, i draw a parallel Trend line to the new low made.
And if the price break this new trend-line, then the chances of price follow through becomes high.
Hence nifty is sell below 8980 levels.
Do not follow blindly, please do your own research.