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Trade Management

Trading Roadmap for 2022Happy New Year to everybody. Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do. Plan: Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost or become controlled by emotions (fear and greed for example). The trade plan is a tool that helps us. It takes some market knowledge and experience to develop a good plan and then discipline is needed to follow it. Also sometimes there is a need to modify the plan when conditions change drastically. Wait: Patience is essential part of good trading/investing. If you miss some opportunities then calmly wait for another ones - they are always coming. Execute: Do what you have previously planned. It is a trade management - also important part of trading. You can be right with timing but without trade management you could easily see all your 'paper profits' disappear. On the other hand you can be dead wrong with timing but with proper management it is possible to squeeze more out of that trade than from previously mentioned example. Accept Results : Probably hardest part to deal with when things are not going well. People just don't like to lose money but this is part of the game. I always try to think about it as cost of doing business or the amount of money I need to spend to make myself available for the winning trades. More info about how to deal with the losses can be found from my earlier posts: Trading in the Zone Trading in the Zone 2 Accepting results happily takes some practicing :) Learn: Making screenshots from your past trades is best option how to learn. It is also essential part of 'Journaling'. I like to save all my trades with real-time notes and comments - and then later analyse them. Repeat: Becoming good at something in this life requires work and practice. Trading is no different. So process starts all over again - enjoy. I wish you all the best for upcoming year. Cheers :)
Education
by Laurentsius
8
GBPUSD Trend line trading. If you’re steadily following my daily publish you’ll discover that, the market is steadily obeying some key levels. Studying the chart on a 1H time frame, I can see a feasible 30pips bull run from this current state. Tho, no strategy is 100% current but with my view, the market changed structure from the bearish movement to an invisible bull run. I used the word invisible mainly because the high of the previous week as not been broken and today’s daily candle closed at indecision. I hope today’s market will share much light on the exact direction of the market. But for now, trade safely or wait till tomorrow’s London or New York session.
Long
by Bolems
BTC retracing the bearish moveGood Morning traders! Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning! Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity. We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed. I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days. As always trade safe. EnvisionEJ
BITMEX:BTCUSD.PLong
by EnvisionEJ
2
BTC and ETH resting at the turning pointGood Morning traders! Overnight markets have had a substantial recovery on the back of news the Evergrande will begin repaying the interest on at least one part of its loans. We are not out of the woods by any means. Price is resting right on the neckline retrace EXACTLY where I predicted we would find resistance. While I did say I would be looking for buying opportunities in the areas yesterday I still believe we can head lower from here. All orders would be at break even this point if they are short term, OR I would be prepared to hold through a deeper pullback. All eyes will be on China for the coming week, if the news is good, expect a huge pump! As always trade safe, EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
BTC-Building orders before the next moveGood Morning traders! Today we will have a quick look at the BTC chart. Everything is based off of the BTC PA. Alts may move for a short while breaking the coloration to BTC, but they always revert to the mean-following BTC. BTC continues to build orders much like ETH, I can see a deep pullback on the cards into the green area before the bullish run continues. Retail traders will stack stops in obvious places and whales and institutions will see this, this provides an area for this market movers to target. As always trade safe. EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
11
Will the bullish run will continue on ETH?Good Morning traders! Sorry I have been absent for a couple of days I have been unwell (not Corona) Right after my last forecast the entire crypto market had a decent pullback. While I was calling a move higher its not unexpected and price returned to spot that makes sense. Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos. Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them. The 3 current scenarios are a continued move higher to test the yellow mark before falling away again. An even deeper pullback to sweep the yellow circle before continuing higher. Or straight push through the highs. Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!! As always trade safe, EnvisionEJ
BITSTAMP:ETHUSD
by EnvisionEJ
ETH targeting ATH this weekGood morning traders! Welcome to a new week! As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level. You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally. I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback. As always trade safe EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
Large EU bullish do we continue?Good morning traders! Yesterday was a great trading day, with many members in the community banking great % from the trades that were on offer! Shifting focus to the session today we are in a clear buying range, a sweep of the lows into discount would offer an excellent place to enter long. Alternatively a nice 5minute selling range would offer us the chance to enter short and "fill" the range yesterday before a long. As always trade safe EnvisionEJ.
Long
by EnvisionEJ