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Trading Tips for consistency 1- Find one repetable pattern on a specific timeframe and track it on excel to know the exact % win rate. 2- patterns are more powerful than technical indicators, imho indicators should be only used for signal entries and nothin more than that. Remember all indicators are lagging indicators so patterns remains more powerful. 3- the ability to master oneself and stay disciplined to wait and wait for your specific setup to CONFIRM. 4- DONT anticipate you must wait for CONFIRMATION only. 5- max loss per trade. Risk management is the king of the game and you must have a pre defined max risk per trade BEFORE you even enter into a trade. 6- use HARD STOPS. As soon as you enter into a trade you must set your hard stop immediately. 7- if new imho u must use max risk of 2% of ur equity on each trade as a max risk, if you are exprienced then you are allowed to use more. 8- Journal your trades, take screenshots of your charts with entries nd exits, as well as joirnal your thoughts before you trade, during and after you exit the trade. Remember this game is 80% psychology so tracking your emotions is KEY to success as a trader. I wish you all success 🙏 The Bear 🐻
Education
by ShortTrades
Parallel Channel proved its important, Bitcoin Kinnari_PrajapatiHello! Friends, I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page) The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value. => In the last posted idea, many traders were asking "to buy bitcoin" and my replied w as: Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low. The next move projected on the chart. -------------------------------------------------------------------------- "" WEEKLY CHART "" -------------------------------------------------------------------------- This is " Price Action with Volume theory". PART (i): Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined . 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout, we are seeing a single directional move. If we are at CONGESTION phase , we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases. PART (ii): Patterns are on the chart:- Similarity showed by a Black circle . Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) Bitcoin is trading in Up-Wave . PERFORMANCE Of Bitcoin link:
GEMINI:BTCUSD
by Trade-Technique
488
London Watclish: 3 Forex trades and 1 WTIGBPAUD with a target of 50% of the contraction. GBP has gained momentum since yesterday and the trade already has a breakout!!! The details of my entry are in the #trade-alerts channel and im already riding some profit. OTHER TRADES We have GBPJPY buy, as per the alert. EURAUD sell as per the alert And Now WTI buy, so here are the details of WTI the other two you can find in the #trade-alerts section. WTI BUY I have an entry at 46.90, based on a possible bullish contraction, but spikes can be expected hence I used a wider SL for this one. The RR is still strong, 3 to 1. My current TP is 49.53 which is a gain of 9.6% and my SL is 46.03 which is a loss of 3.1%, but there is a high chance of my increasing my TP to 51.600 which SIGNIFICATLY increases the RR/ROI and that would only happen on very positive comments by OPEC and/or big cuts! Keeping in mind that OPEC can really move price! TIP FOR THE SESSION We know if our risk is right when we make a lot of money, but can still sleep at night. Risk is the amount of risk per trade: the dollars risked between your entry and your stop loss based on your position size and what percent this is of the total capital in your trading account. Always know how much your total risk is in regards to how many positions you have open at one time as a capital at risk for your entire account. Our simple but effective RM system is: 1. Definite exit area 2. Strucutred position sizing Follow this RELIGIOUSLY! Enjoy the London session and Rememebr, today like every other day can only end in ONE OF FOUR WAYS! 1. Big win 2. Small win 3. Breakeven 4. Small loss It is your DUTY, OBLIGATION and COMPLETE RESPONSIBLITY to end in these levels, and even if its 3 or 4 (point) thats ok... tomorrow is always a new day and your focus should be to end the week in profit, and not every single trading day!
by PrimedGroup
CHINA VIRUS IS FAKE NEWS! - READ WHY...BUY THE DIPSFolks, and our followers... The Chinese flue is "FAKE NEWS" only meant to cast a shadow over the BOOMING USA Economy and scare the public around the world...! The SICK Liberals and Dirty Democrats want the USA stock market and stock markets around the world to crash and the USA economy to sink! These people are SICK..!!! The real statistics you need to know about before selling into this FAKE NEWS China Flu Scam ... Each year, over 600,000 people die from the FLU... In 2018 alone, over 80,000 people died from the FLU... Did we see the market crash in 2018..? NO NO NO..!!! As of this post, there are ONLY 8 CASES in the USA...The FAKE NEWS continues their SICK agenda to try and crash the USA Economy before the 2020 election...!!! CDC Link... www.cdc.gov Public Companies are reporting ROBUST Revenues and Profits, the China Flue is a SCAM...! BUY THE DIPS BECAUSE UNTIL WE SEE THE DEATH TOLL IN THE USA COME CLOSE, OR PASS 60,000 TO 80,000 DEATHS FROM THE CHINA FLUE, IT'S FAKE NEWS!!! DO NOT LET THE FAKE NEWS SCARE YOU INTO SELLING. BUY BUY BUY
NASDAQ:AMZNLong
by UnknownUnicorn3159981
5
615 pips!!! GOLD BEEN PIP'IN - TARGET HIT - RIDE THE TREND Gold has been Pip'in all week... 1611 TARGET HIT - 616 PIPS ON ONE TRADE (see previous Idea attached) Current Trade: Market has formed another Ascending triangle ALMOST at the exact same level (look left) as last breakout. - - NFP didn't move XAU/USD much but, it did give the push up to CONFIRM the Ascending Triangle Pattern. I bought at the next candle AFTER the BREAKOUT LETS SEE WHAT THE MARKET HAS FOR US NEXT WEEK - FINALLLYYYY NFP IS OVER!! WHAT HELPS ME: - Trading 1 pair to get familiar with its characteristics (for me, it is hard to focus on too many pairs... TOO MUCH NOISE) - STALKING THE MARKET (watching set ups form) - ALWAYS "RESET" CHART (the circle arrow thingy near the +/- button) - Back testing, find out what chart patterns appear over and over and KEEP THEM ON THE CHART (helps me identify them FASTER and with BETTER accuracy) - Mark up the chart on higher timeframes for the BIG PICTURE (helps prevent me from entering NEAR a road block) - Choose to be a buyer or seller (this helps with which patterns to look for) - Remove MOST (or all) of those damn indicators (howwww can you focus with all of those lines that contradict and confuse?!) - Keep your chart clean (helps me spot what needs to be spotted) - Mark my levels on 2HR/1D/W/M timeframe - Enter on 15Min/30Min chart - BE OKAY WITH BEING WRONG - BEING OKAY WITH THE FACT THAT THE MARKET DOES WHAT IT WANTS - Not being afraid to LOSE!
FX:XAUUSDLong
by iiiamalicia
VIBE Action Starts Now | Full Trade Inside (Over 132% PProfits)You know what I always say right? PATIENCE IS KEY! The first lesson I learned while buying and selling cryptocurrency. Early on getting started, making an unlimited amount of mistakes and losing money, after a few months (years) of doing it wrong, I realized that just waiting would have been a million times better than buying and selling with no idea of how to read charts, how the market works and how far up or down a crypto can alter... And here is VIBEBTC (132%), below you can see our full trade from August... Profits are starting to come in... That's the whole point of this article... Not to collect profits, but learning, knowing and benefiting from knowing and applying the fact that patience is key to win. So if you manage to build your patience for trading or while trading, it will increase your chances and possibilities to win. You will be able to make better choices and you will also be able to better enjoy the profits that will come in. Additional Tips for Trading & General Build a plan (prepare for all outcomes). Do your own research (if so you wish). Get started! (when you feel ready). Jump in & wait patiently (when you are 100% sure). Hit like. (If you want to show your support or enjoy the content). Enjoy your profits as they come by selling on target. (always secure profits by selling on target). And be open to receiving and grateful for every single penny that you receive. (being grateful will bring more into your life of what you are being grateful for...) It is not the trade, not the altcoin, not the trader, not the amount you put in that will decide how much money you make, how wealthy you can grow to be... It is all about your energy and your own life belief... So start believing that you are Rich if that is what you want to be or start being Rich, if that is what you want to be. Get up and get started... Namaste.
VEducation
by AlanSantana
5