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Why trading with Pine script can give you an extra month a year!I've spent around 9/10 years trading with technical analysis. I used to spend 2/3 hours on a weekend and easily 1/2 hours each day on the screen - that doesn't include the amount of times I'd be checking from my phones on and off throughout the day too! So add that all up - its 620-700 hours per year. Frightening. We trade for freedom and time - not to spend that time looking at a chart. Well, in my opinion anyway. A month is 720 hours - so pretty much an extra month a year. Crazy right? Fed up, I created a systematic approach. This video highlights how my systematic strategy works vs. how you would see the markets technically on the last GJ sell. Pinescript makes all this easier too, I have data at the click of a button! Any questions feel free to drop me a DM. Thank you, Darren.
Education
by pow_removetheguesswork
8
❗ What to look for when I post an idea - Check the Trade Log! ❗A quick video running through how my ideas work and why they're different! Trading for me is all in the detail and the planning now. Know your numbers and your data and you can plan properly. You know if your strategy or system works or not and you can ensure your risk management is in line with probability. Rule number one is... You cant run out of money, else you're out of business, right? You can even run out of money with a profitable strategy, if you risk to much and hit a losing streak - even if the strategy is profitable! Trading is a long game, not about retiring off that one lucky trade you might hit over the course of a week. You'll also give the profits back with interest anyway. Talking from experience! Have a great weekend, any questions - feel free to reach out vis the DM. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Education
by pow_removetheguesswork
29
Weekly Review - 3/12/20 Dollar is King and Bitcoin is GoldA very interesting week and a very important day ahead. Markets have been rising on sentiment (vaccine, Biden, we didn't die from Covid, Elon Musk is taking us to the moon) but dollar has been dropping. Now it's time to let the real data take over the pace and our attention is to what will happen to the USD; which is right on a massive/critical support level. Almost all your trades will depend on this. 1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals (negative correlation- especially Gold , Silver , Copper ) - indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes ) - stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar) - Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
COMEX:GC1!
by FX_Professor
Blown your account deep in Gold shorts this week? I betcha.... Its easily done. You see someone selling gold with some half decent analysis and jump right in too. You see others writing about it - it makes you feel like this is going to be the one. The one that makes you big money before Christmas. Truth is, the money you make is never enough anyway. Even if it was you would keep going, trade after trade. Until this method of trading aka guessing, results in account popping like all the champagne bottles on New Years Eve, except without the cheers. This is no joke. You need a plan. A strategy that takes the guesswork out of your trading. One that can back it up. In this video I show you how easy trading can be. Life is different when you aren't sat analysing charts, seeing trend lines in your sleep - watching that red drawdown increasing and increasing. If you are serious about trading - get yourself the right tools and put yourself around the people. Chaou for now. Darren P.S. We have re branded. Why? Bored of being like everyone else, we are now POW - it stands for Progress, Overcome, Win - these words some up what we are about. Anyway, we have some giveaways on my social media this week - drop me a DM for my new IG profile to get involved.
OANDA:XAUUSDLong
by pow_removetheguesswork
2
BTC (& XRP)- How we trade Market Traps (Part1)Just a glimpse of how we trade. Apart from technical analysis the market does play 'games' with us. So, how do we play back and having chances of being a winner? How do we deal with the beast that wants our money? How do we keep our trading account alive until it can thrive? Well, get an idea of a texhnique on this video and I hope it helps, or at least I hope that you like it. Remember: Technical and fundamental analysis is a must but in many cases it won't be enough.. Trading is 80% a mental game (Trading psychology starts with risk management and ends with a strategy). www.fxprofessor.com (SIMILAR SITUATION WAS A FEW WEEKS AGO WITH GOLD- LOOK AT MY PREVIOUS GOLD IDEAS)
BITSTAMP:BTCUSD
by FX_Professor
You can be in these trades too, without spending hours analysingVery rarely can anyone 'really' back up their solution and trading strategy like this. They advertise hopes and dreams with profit shots without showing you 'how' and you see no proof. I know; so we were committed to provided proof. Now imagine trading in a way where you can live your normal life without being sat in front of the screen for hours a day or in your evenings or on a Sunday afternoon, just when your better half wants you to walk the dog, cook the tea or watch 'netflix and chil' with him/her. A way that removes subjectivity, discretion, emotion and ego from your trading... There is no need for the market to prove you right to make you feel more 'intellectually capable' or 'clever' ; you can be wrong more than you're right and still make profit. Imagine a way of trading where you find consistency, belief and confidence in your trading and you achieve the consistency you are looking for. A way of trading where you can be present, where you can live your life and trading just happens in the background without you worrying or getting angry or depressed about it; being able to have a coffee with friends and listen and participate in a conversation without your right hand grabbing your phone to check your MT4 screen. What if you were also the right side of the trend not trying to catch the top of the move for sell; or the low of a move for a buy, that's quite refreshing right? Not fighting the market BUT in fact going with it. Have you also not thought that, yes 90% of traders fail; we read about it everywhere. Why though? Probably because they are all trading the same way and doing the same thing? Drawing pretty lines on their charts instead of trading in a 'mechanical way'. You need to stop following the herd, it will lead you to the 90% section. Why listen to me, here the why..... Back when the coronavirus hit at the start of the year I was continually the wrong side of the market. Using my technical analysis I was trying to predict when the market would reverse from an area of support or resistance or a trend line break, etc. I would wait for confirmation of this in price action (yes visible rejection, pin bar, engulfing candle - all that BS) and convince myself that this was a solid trade and that my analysis was correct.... WRONG! Only to hit stop loss and for the market trend to continue. You think 'it cant keep going up' right? So you sell again, guess what? Yes it keeps going up. You're pretty pissed off and now chasing this loss..... It let me thinking there must be a better way. So I saught out to create one and had the idea of creating a strategy and a program or software that enabled anybody to trade even with no experience AND to be the right side of the market in these trends. I wanted to be in this big move, not desperately trying to find the 'sniper' entry for a rejection - don't even get me started on when I would then exit.... I tried many things and failed however through persistence and perseverance we created a trend trading strategy that worked.... Initially this was just a buy and sell strategy where are you follow the trend but I wasn't content with that, I couldn't PROOVE it worked. We continued to increase functionality and back testing so this could be achieved. I looked at money management techniques for stop loss placement and various different ways to manage the exit of the strategy to find the most profitable methods. We created something that works across all instruments that enables you to be the right side of the market by following the trend with integrated risk management. The ability to set your lot sizes with ease, instead of either guessing or using a 3rd party app to ensure you are really risking your 1%. Substantial back testing data to back up our edge was achieved. Eureka right? Your pain in blowing accounts, being angry and frustrated and impatient is now long gone as long as you take action Watch the video where I demonstrate how we enter a trade, how it shows on your screen, and the PROOF that you are desperately seeking to enable you to make an informed decision. Do this resonate? Take a look at our other trade ideas too and if you leave us a 'like' you will get a virtual high five from me. Regards Darren
by pow_removetheguesswork
How to trade EURNZD x10 capital with 1% riskThe screen on the right is never predictable. Only the best results in history to be confidently used for Trading. ------------------------ Risk: 1%. 1. Long signal is calculated when the RSI is above 70, wait for Buy when the price corrects to cross the Upper Keltner line. 2. Sell signal is calculated when RSI cuts down to 30, wait for Sell when the price corrects to the Lower Keltner line. 3. Stoploss and Take Profit are calculated by Add or Subtract the Average True Range indicator from the Price Entry. ------ Thanks for watching the video. please like, comment .
by dinhchien
4
How to trade EURNZD wins over 1.000%/1 risk/1 tradeThe screen on the right is never predictable. Only the best results in history to be confidently used for Trading. ------------------------ Risk: 1%. 1. Long signal is calculated when the RSI is above 70, wait for Buy when the price corrects to cross the Upper Keltner line. 2. Sell signal is calculated when RSI cuts down to 30, wait for Sell when the price corrects to the Lower Keltner line. 3. Stoploss and Take Profit are calculated by Add or Subtract the Average True Range indicator from the Price Entry. ------ Thanks for watching the video.
by dinhchien
1
FB Buy Zone(s) IdentifiedPlaying around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB. In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play. I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one, everybody. Please reach out with criticism or questions! I'm happy to engage with any trader.
NASDAQ:META
by DonjonCapital