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Trade Management

Martin Momentum Strategy - How I Enter & Manage TradesHello Traders, In this video I wanted to cover what I’m looking at for trade setups and once I’m in a trade the steps I take to manage the trade. So you are all aware of what to look for in trade setups so I won’t go into much detail in this post like I did in the video. So I’m going to jump right into the steps I take once I’m in a trade. Trade Management & Alerts! Once you are in a trade and you have either the long position or short position window on your chart. Go roughly 50% of your TP and SL and over on the right side of the chart you can set an Alert to trigger once price crosses that price point. When it does you will get an Alert telling price has crossed 50% of your TP or SL and that’s telling you to get in a manage that trade if you can. By setting these alerts on each of your trades that allows you to not be glued to your screen. It allows you to go about your day with peace of mind knowing that no matter where the market goes you will know what’s going on with your trades. Optional Tip In your watch list window you have the option to flag pairs. I use 3 different flag colors mostly. Red, Green, and Purple. Red = This is for trades that I’ve got a open short position in. Green = This is for trades that I’ve got a open long position in. Purple = Possible trade setups forming and to keep a close eye on. Hope this was helpful! Make it a Great Day & Happy Trading! ~ SpiffyPips ~ This information is not a recommendation to buy or sell. It is to be used for educational and entertainment purposes only.
by spiffypips
MDA Trade + Multi time frame Analysis + Target +Risk Management TRADING STRATEGIC BINANCE:MDABTC Hi everyone, today's idea is about MDA on Binance, its one of the strongest digital assets that Ive seen. I actually was waiting for this correction to end for a week now, MDA is currently at the point i would be interesting to buy in. Therefore, I am presenting my trading plan for MDA. Spot on DEC 17: Personal Note: It also shows I have developed more patient and discipline for waiting Assets to fit into my trading conditions. Chart Analysis: -Chart Time frame: 1D - 4H -Timeframe: 1W -1M 1)-Weekly Chart: Since the time frame of this trade is 1W up to 1M its fair to show an analysis of weekly chart, my opinion one of the most important time frame for analysis. So lets get started! by mentioning that MDA is trading above all weekly SMA, also it is above two dense support zones created at 14000 and 20140 satoshis ( It can be seen as a horizontal channels), in other words MDA has broken 2 important resistances and its currently forming a DOJI candle shape at multiple time frames (1W-1D-12H 4H) this is extremely due to its psychology behind it. Ive also observed a continuation pattern that take form in a symmetrical triangle due to a massive week on from Oct 1st to 8th. In my mind this pattern should have been an ascending triangle, but greed has shown and making it symmetrical instead. Moreover, we can see in the weekly char bellow an Elliot wave triangle correction countdown: where A) its at 0.236 Fib Lvl-- B) almost touching 0.786 Fiv Lvl-- C) just above of a 0.236 Fib Lvl and trend line-- D) a 0.618 Fib Lvl --E) Above 0.382 Lvl. Naturally I am expecting a breakout from E wave. Snapshot: Personal Note: Im trying to get better at reading weekly time frames charts. 2)-Daily Chart: As we previously mention price has hit downtrend resistance ( top of Symmetrical triangle) with a daily green 9 and moved towards a 6 days correction. currently daily candle has formed another DOJI, previous candle has a large wick that indicated how momentum is reversing or decelerating. Stoch RSI is about to cross but until then we dont have certainties , RSI is almost at its 50s considering it very neutral. This time frame its telling me that trend could respect the trends inside symmetrical triangle, However we can still go down and test it out. Snapshot: 3)-12H Chart: MDA is showing a nice red 9 with a long wick after that looks like price is a in a consolidation stage. Previous false breakout almost success bulls pushed hard for days however fear took place and respect previous resistance send MDA Lower prices. 12H chart its all about over sold: RSI and Stoch RSI are in oversold territory, which basically means that My entry is gonna be around this range. Magnus cycle shows how its 3 lines are collapsing once this happen its a good indication for a breakout. Snapshot: 4) -4H Chart:Here is were the consolidation is happening looks like an ascending triangle or and horizontal channel, while i was writing this post a spike just happen and its currently breaking up resistance, lets see if it can hold it. Snapshot: 5)-1Hr Chart: I just want to point out in this chart the magus cycle, and how all 3 lines where collapsing this is a good indication and confirmation of a breakout as I previously mentioned. Snapshot: Conclusion: MDA has displayed strength during bear and bull markets, people or investor have shown interested on it. However if MDA violates technical conditions, ill be looking a lower entry. In the other hand I believe that it will hold the downtrend of symmetrical triangle and we could breakout from it. if that happen my trade management will be the following. TRADE MANAGEMENT: Trade entry: 0.00021600 Stop Loss: 0.000213800 -Targets: Risks/Rewards: -Risk/Reward Ratio: 155.62 -Risk per trade: 1.08% If you enjoy this analysis dont hesitate like and follow. Until the next time! No Fear just trade!
MLong
by vfxvictor
2
Possible Short USD/CAD position!! SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H8 Timeframe - 1-2 weeks Actions on - A – Activating Event Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @1.307 level. B – Beliefs Market will be rejected at @1.3343 area and move towards the first Target 1 level @ 1.307 level. FX:USDCAD 1.02% Trade Management Entered @ Still waiting for confirmation Stop Loss @ 1.341 Target @1.307 Risk/Reward @ 3:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible USD/CAD Short PositionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H8 Timeframe - 1-2 weeks Actions on - A – Activating Event Currency Pair creating a Double Top. USD will move north again over the next couple of weeks which will help line up the trade B – Beliefs Market will be rejected at @1.33314 level and move towards the first Target 1 level @ 1.31 level. FX:USDCAD Trade Management Entered @ Still waiting for confirmation Stop Loss @ 1.341 Target @1.31 Risk/Reward @ 3:1 Happy trading. Will let you know closer to the time if or when executed
Short
by SMPTrader
WTI (CRUDEOIL) – even more 80+ nowHello everyone, Sorry, but I have to adapt my count. And now, I must say: it’s absolutely good for 80+! The new count: Wave 4 (purple in brackets) ended not at 63.57 (this was just corrective wave a, blue in brackets). Wave 4 ended at 64.40. Since then WTI has made a huge 1-2 setup, as you can see in the chart above (blue in brackets). So, if I am right, WTI will start wave 3 of 5 of 5 of 5 of 3 now. This means, that WTI is not even good for 80, but eventually 90+. If I am wrong, WTI will collapse down under 60. It is important, that 64.40 will hold, if not, the count is dead. So, be careful. Don’t hesitate to contact me, if you have any questions or other ideas! Take care tgo
TVC:USOIL
by HK-Capital-Management
2
EUR/USD – The fist act of the second act?Hello everyone, We have seen a perfect reversal in my green trading box at 1.13000! All those who followed me are now happy for several thousand pips (please check link below). All those who missed this longtrade: don’t worry, maybe there is another entry in front. Where we are standing? Since building the top at 1.25556 EUR/USD has completed wave A (purple) superordinate at 1.13000. Now we are in wave B (purple). At lower wave degrees this wave B is composed by another A-B-C correction pattern, I think. So, the uptrend started at 1.13000 is wave A (cyan) of B (purple). Now, we have a good chance that wave A (cyan) is completed at 1.17335 already. Screnario 1 (green line) – Chance: 65% At lower wave degrees EUR/USD is building an a-b-c correction pattern to complete wave B (cyan). We have probably seen wave a of B, so now the market moves up to complete wave b of B. After that, the last wave c of B will lead us to a point where we can decide, if we go long for the final wave C (cyan) of B (purple). I have placed a yellow trading box already in the chart. That’s where wave B (cyan) probably will end, I think. BUT: this box is provisionally. I will adjust it, if the market gives me reason to do so. Scenario 2 (purple line) – Chance: 35% Wave A (cyan) is not completed yet, the latest selling was only wave 4 of A (cyan). If so, we will see an uptrend to higher prices to start from there the final sell-off down to complete wave B (cyan). We will see… During the next days we have to analyze the market movement well to decide what will happen most likely. There are – as always – more possibilities as shown in the chart above, but for now I do not see enough chance for them to come into my chart. More updates will follow… If you have any questions, don't hesitate to contact me or leave a comment here. Take care, tgo
by HK-Capital-Management
BitcoinCash – Final Sell-off?Hello everybody, I think we will see the final sell-off during the next days or weeks, so we can prepare us to place a long order. BCH is forming the final wave 5 of the last wave 5 of c of 2. What we have seen is a nice all time high (wave 1), and since then a long-lasting a-b-c correction pattern (wave 2). But now it’s the final mile bevor turn around, I think. Scenario 1 (10% chance) BHC is going up directly. Scenario 2 (5% chance) BHC is not holding the last support (190$) and is going to hell. Scenario 3 (85% chance) BHC is completing wave 2 in my green trading box as described above. The ideal turning point would be between 290$ and 280$. Be careful: if 190$ fails, there will be tears and blood, because then BHC will go to hell. On the upside there is much resistance (the key levels are shown in the chart above). It’s not that easy, but it’s possible to make it through aiming for new highs. Be patient, there are only a few dollars left… Please leave a comment or a message, if you have any questions. Take care, tgo
B
by HK-Capital-Management
EOS – u-turn in front?Hello everybody, EOS shows one of the most interesting charts compared with other cryptos. There is a beautiful a-b-c correction pattern with a nice wave b overshoot as you can see in the chart above. Some think that this was the regular high – it wasn’t. It was a perfect bull trap. Since then EOS is forming the last correction wave c of 2. Now we are in the final wave 5 of c of 2. Wave 2 is looking for the bottom now. So, we have a good chance to complete the correction during the next days (hopefully not weeks). And then we will see a turn around to new highs, or we will see EOS crashing down to hell, but I do not believe in that. As often there are three scenarios we have to consider… Scenario 1 (10% chance) EOS is starting a rally right now. Scenario 2 (5% chance) EOS is going to hell. Scenario 3 (85% chance) EOS is completing the final wave 5 of 5 of c of c of 2. As you can see in the chart above, the ideal target of wave 5 is the 100% extension at 2.85$. It is most likely that EOS will end the correction between this level (2.85$) and 2.10$ right in the middle of my green and yellow (detail) trading box. There is a lot of resistance on the way up, but it’s possible to make it through and give us some new highs. We have to be patient… seems to be the last mile… Please leave a comment or a message, if you have any questions. Take care, tgo
BITFINEX:EOSUSD
by HK-Capital-Management
Clever long entry, but no profit? Don't get shaken out!Do you know the feeling when prices come back after a solid entry? You already had a profit and then somehow prices came back to your entry level. You have moved your stop to breakeven already, so the market pushes you out of your position, only to continue strongly in your direction! Traders naturally do not want to end up with a losing trade after the clever entry had worked. So they might move the stop quickly to breakeven. Now you can relax and watch the trend continue in your direction? Nope. Because very often the trend will continue, but without you. This market behavior is normal in efficient markets, because traders get paid for risk and embracing pain. Let's look at some examples in the chart, four longs and one short. The entries are solid price action signals (circles): Mostly second entries after pullbacks to the EMA or trendline. So when can you move your stop to breakeven? I would suggest you wait for prices to hit your entry price again, before you move the stop to breakeven! In the chart I have shown these pullbacks to your entry level with an arrow. The entry prices are shown with dotted horizontal lines. You could even increase your position at this time. Notice how the trend continues each time! Can you avoid this whole issue of vanishing open profits? Yes, it just depends on your trade management. That means you could scalp for a smaller profit. In this case you would get out quickly, preferably at a predefined target. You lock in profits before before the pullback hurts you! With this strategy you would give up some more profit potential if the trend continues without a pullback. You can also try to get the best of both worlds: Take out a part of your position at your target and try to ride the trend to the moon with a runner! Feel free to comment or ask my anything via PM. Or just follow me ;)
BITFINEX:BTCUSD
by FBlocktrader
Update to "Go long BTCUSD"-Trade Management Risk:Reward is 14:1 This chart will give you a better view to the ongoing trade "Go Long BTCUSD", with all indicators in visible (Pivots, Opening Range) to see the trade progression, trailing stop losses and profit targets. What you are seeing here is trade management. By managing the trade properly we are able quickly eliminate the risk of the trade being a losing trade, by bringing our stop loss to close to break even very soon after our entry. From there we simply trail stops to key support levels as well as taking partial profits at key resistance levels. This allows for the trade to be a comfortable experience by enjoying the booking of gains and the continual reduction in risk of losing profits.
BITSTAMP:BTCUSDEducation
by chris333
3
Trading Record - Risk Units Exercise This is an observation with educational purposes, for myself and for the people who might find it useful. First of all, the results that are shown here are made from the last 13 trades that were published and TRIGGERED, here in the website. Each one of those trades are measure in terms of risk to reward, in other words terms of risk units. Remember when you are going to place a trade you must have clear what % of your account you are going to risk, after you have that number, depending on the place from your entry to your of stop loss level you define your position size in order to match your risk amount Below you can find in detail each one of the trades, is important that you see the description of each idea in order to see how was the trade management in each case Trade 1 Trade 2 Trade 3 Trade 4 Trade 5 Trade 6 Trade 7 Trade 8 Trade 9 Trade 10 Trade 11 Trade 12 Trade 13
Education
by JaimePantoja
1