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Trading-signals

NZDUSD Set To Grow! BUY! My dear subscribers, My technical analysis for NZDUSD is below: The price is coiling around a solid key level - 0.6201 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, gIving a perfect indicators' convergence. Goal - 0.6259 My Stop Loss - 0.6167 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPAUD A Fall Expected! SELL! My dear friends, My technical analysis for GBPAUD is below: The market is trading on 1.9241 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.9192 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPUSD Massive Short! SELL! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.3406 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3309 Recommended Stop Loss - 1.3454 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Shatter the Comparison Trap: Elevate Yourself Through Self-FocusComparing yourself to others can actually be a beneficial emotion. It's a desire to improve yourself, a drive to strive for excellence, and a way to compete with the best in the field. This can inspire traders to develop their skills, explore new ideas and approaches, take calculated risks, and optimize their time and actions effectively. However, not everyone knows how to manage their emotions properly. At some point, comparing yourself to others can shift from a motivational force to a detrimental state. Instead of fostering self-improvement, it can lead to what we can call “self-beating up,” where traders become overly critical of themselves. This shift can hinder personal growth and create a cascade of problems. In this post, we will explore strategies for managing the tendency to compare yourself to others in trading, transforming what can be a potential obstacle into a powerful catalyst for personal and professional growth. Let’s dive into how to effectively harness this emotional state and turn it into a positive driving force on your trading journey. 📍 Causes And Consequences Comparing your self to others in trading is a common emotion that can emerge when a trader witnesses the success of their peers, often resulting in feelings of resentment or disappointment regarding their own performance. This sentiment can be particularly intense when traders measure themselves against friends, acquaintances, or even anonymous traders in online trading communities. As a result, the pressure to match the achievements of others can lead to negative self-reflection and hinder personal growth in the trading journey. 📍 When Do We Start Comparing Our Trading Journey To Someone Else's ? 🔹 Social Media and Forums: The rise of social media and online forums has made it incredibly easy for traders to share their successes. Seeing others post about their impressive gains or profitabe trades can be discouraging, especially when traders feel that their own results are lacking in comparison. 🔹 Comparing Results: Many traders fall into the habit of constantly measuring their performance against that of others. Witnessing peers excel can lead to dissatisfaction with their own progress and foster a distorted view of their own abilities. 🔹 Novice Success: It's often particularly frustrating to observe newcomers achieve quick success, seemingly with minimal effort. This can breed resentment among more experienced traders and leave them questioning their own skills and strategies. 🔹 Lack of Progress: When traders perceive stagnation or a lack of significant success, they may turn to others for comparison. If they feel they're not advancing as expected, they might increasingly look to peers who appear to be making strides. 🔹 Exaggerated Expectations: Many traders set ambitious targets, such as aiming for a specific percentage of profits within a certain timeframe (e.g., 10% per month). Failing to reach these goals—especially in light of others' apparent successes—can lead to feelings of frustration and inadequacy. 📍 Constantly Comparing Yourself To Others Can Hinder Your Trading Journey 🔹 Overestimating Other People's Strategies: Observing the success of others might prompt traders to impulsively alter their strategies in an attempt to replicate those results. This can result in inconsistency in their trading approach and hinder genuine growth, as they may abandon their own tested methods for strategies that might not align with their trading style. 🔹 Negative Emotions: Consistent comparison can generate negative feelings such as resentment and frustration when faced with another's accomplishments. These emotions can cloud judgment and adversely affect decision-making processes, potentially leading to poor trading choices and increased risk-taking behavior. 🔹 Social Isolation: In some cases, the act of comparison may prompt traders to withdraw from social interactions with more successful peers. This distancing can limit opportunities for collaboration, learning, and mentorship within the trading community, which are crucial for personal and professional development. 🔹 Discussing Other People's Successes: Focusing on and discussing the achievements of others—often in a negative or envious light—can distract traders from recognizing and valuing their own progress. This ongoing comparison can breed a cycle of negativity that diminishes motivation, as traders might overlook their own achievements while fixating on the successes of others. 📍 Constantly Comparing Yourself To Others In Trading Can Harm Your Long-term Success 🔹 Impulsive Decisions: Constantly measuring yourself against others can lead to a desire to catch up or replicate another's success. This urgency may cause traders to take unnecessary risks and make impulsive decisions that deviate from their strategies. Such behavior often results in losses and undermines long-term success. 🔹 Decreased Focus: When traders become fixated on comparisons, they tend to lose sight of their individual trading strategies and personal goals. This distraction can detract from their analytical effectiveness and compromise their decision-making processes, leading to bad results. 🔹 Emotional Burnout: Ongoing comparisons can contribute to feelings of inadequacy and perpetual dissatisfaction, leading to emotional exhaustion. As these feelings accumulate, traders may struggle to maintain motivation and enthusiasm for trading, which is essential for sustained performance. 🔹 Breakdown in Discipline: The pressure to achieve results quickly or to match the performance of more successful traders can erode a trader’s discipline. This might result in erratic trading behavior, divergence from well-established strategies, and heightened vulnerability to losses, thereby jeopardizing their trading journey. 🔹 Frustration and Disappointment: Constantly measuring progress against others typically fosters chronic dissatisfaction with own performance. This incessant fixation can lead to ongoing frustration, which in turn can diminish confidence and negatively affect trading outcomes. 📍 How To Stop Constantly Comparing Yourself To Others ? 🔹 Focus on Your Goals: Concentrate on your personal trading objectives and strategies. Instead of comparing yourself to others, turn your attention inward. Remember that not everyone can achieve the same level of success as Warren Buffett, regardless of their abilities. It's not about having lofty ambitions; what matters is the gradual progress toward your goals. Make sure to continually develop yourself, steadily raising your own standards and aspirations. 🔹 Cultivate Reasonable Confidence: Question whether everyone who claims to achieve returns of 50-100% has genuinely earned those results. Avoid falling for misleading advertisements; trust only what can be verified. Remember, knowledgeable traders take pride in their expertise, not their wealth. 🔹 Embrace Development and Learning: Commit to continuously improving your skills and knowledge. The more you learn, the more confident you'll become in your abilities—and the less you'll find yourself fixated on the achievements of others. 🔹 Foster Positive Thinking: Shift your mindset by replacing constant comparison with admiration for the successes of others. Use their accomplishments as inspiration for your own growth and development. 🔹 Build Community and Support: Connect with other traders to share experiences and offer mutual support. Not only can you gain valuable knowledge and learn from the mistakes of others, but you will also appreciate that every achievement requires significant time and effort. 🔹 Practice Meditation and Relaxation: Practice relaxation techniques into your routine to help reduce stress and emotional strain. 📍 Conclusion Cease the habit of comparing yourself to others, as it often clouds your unique path to success. Instead, redirect your energy toward your personal development by setting clear and meaningful goals that resonate with your aspirations. Cultivate a deep belief in your own potential and capabilities, recognizing that your journey is distinct and valuable. Embrace the idea that with dedication and resilience, success will naturally unfold as a result of your commitment to growth and self-improvement! Grass Isn't Greener On The Other Side. It Is Greener Where You Water It Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
8
GBPAUD My Opinion! BUY! My dear subscribers, My technical analysis for GBPAUD is below: The price is coiling around a solid key level - 1.9318 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.9420 My Stop Loss - 1.9263 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
APPLE Massive Short! SELL! My dear subscribers, This is my opinion on the APPLE next move: The instrument tests an important psychological level 228.20 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 224.49 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLShort
by AnabelSignals
1
CHFJPY Set To Fall! SELL! My dear subscribers, My technical analysis for CHFJPY is below: The price is coiling around a solid key level - 170.13 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 169.05 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
ESSENTIAL FACTORS IN BACKTESTINGTesting trading strategies is essential for assessing their effectiveness based on historical market data. It allows traders to gain insights into how a strategy would perform under real market conditions, identify necessary adjustments, and understand various influencing factors. For instance, it can reveal how news releases impact trading outcomes or how a gradual increase in position volume can help recover losses. In this post, we will explore the most important criteria for effective testing. Criteria for Testing Strategies on Historical Data 📍 1. Reliability and Quality of Historical Data Accurate and comprehensive historical market data is crucial for effective testing. Any errors or omissions in the quotes can significantly skew the results. For instance, if there is a missing entry for a day that experienced a spike, the absence of this data could misrepresent the strategy's performance. This missing information might conceal a stop-loss trade that closed at a loss, ultimately distorting the yield curve and leading to misleading conclusions. What to Consider: 🔹 Data Quality: It’s essential to use verified data sources that minimize errors and lag. Ideally, obtain quotes directly from your broker. If you are testing your strategy on third-party platforms, consider using data from TradingView. 🔹 Depth of History: The data should encompass a significant time period that includes various market conditions, such as trends, consolidations, and different volatility levels. For scalping strategies, a minimum of one year of data is recommended, while long-term strategies should be tested on data spanning more than three years. 🔹 Tick Accuracy: For high-frequency trading and scalping, having tick-level data is crucial. Conversely, for medium-term strategies, candlestick closing data may suffice. The price history is sourced from your broker and may vary from the histories provided by other brokers due to differing liquidity providers. However, there should not be substantial discrepancies or noticeable gaps in the data. 📍 2. Reality of Order Execution When testing a trading strategy using historical data, it's important to recognize that real trading differs significantly from backtesting: 🔹 Variable Spread: The spread can fluctuate based on market volatility, the time of day, or significant news events. It's essential to account for changing spreads during testing rather than relying on fixed values in your settings. 🔹 Slippage: Orders may be executed at prices different from the expected level, particularly in volatile markets or when liquidity is low. 🔹 Execution Delay : A delay may occur between the submission of an order and its actual execution, especially in fast-moving markets. The key issue is that in a strategy tester, orders are executed instantly, whereas real trading involves slippage, server delays, and other factors. This can lead to discrepancies of several points. Therefore, it's advisable to establish a percentage deviation parameter to estimate the potential difference between the test results and real trading outcomes, leaning towards the conservative side. Alternatively, you can test the strategy under various spread conditions and analyze how performance metrics and the equity curve are affected by changes in the spread. 📍 3. Accounting for Commissions and Costs Even a strategy that demonstrates positive results in a backtesting environment can become unprofitable once real trading costs are factored in: 🔹 Broker Commissions: It is crucial to consider the fixed or variable commissions charged by the broker for each trade. Some strategy testers allow you to integrate commission parameters; if that's not the case, you should manually subtract these costs from the profit for each full lot traded. 🔹 Spread: The spread can widen during periods of low liquidity, which can significantly impact profitability. Some testers include spread parameters, but others may not. 🔹 Swaps: Swap rates can vary drastically between brokers, and it’s important to remember that they can be substantial, particularly when held overnight due to rollover rates. The core issue lies in the limitations of the testing software. If your tester does not account for floating spreads and swaps, it may be worth exploring alternative options. 📍 4. Optimization and Over-Optimization of the Strategy While strategy testing is essential, it can lead to over-optimization, also known as data fitting. A strategy that appears perfect for historical data might not perform effectively in real market conditions. To mitigate this risk, consider the following: 🔹 Avoid Deep Ad Hoc Parameter Fitting: Over-optimizing too many parameters for historical data can significantly reduce a strategy's robustness in live trading environments. A strategy that is fine-tuned solely for past performance may fail when faced with the unpredictability of future market conditions. 🔹 Use Forward Testing: This approach involves testing a strategy on one timeframe and then applying it to a different timeframe. This method can help prevent over-optimization by assessing the strategy's adaptability across various market conditions. The key takeaway is achieving balance. Attempting to utilize numerous indicators simultaneously and fine-tuning their values extensively can lead to problems. If you have adjusted parameters based on a selective set of trades (let’s say, a 15-trade segment), it’s likely that you will need to readjust for different segments. 📍 5. Testing Under Different Market Conditions To ensure comprehensive evaluation, a trading strategy should be tested under various market conditions: 🔹 Trend and Range Markets: It’s essential to verify that the strategy performs effectively during periods of strong trending markets as well as in sideways (range-bound) movements. A robust strategy should be adaptable to both scenarios. 🔹 Volatility: The strategy should be assessed across different volatility levels. While it might perform well in low-volatility environments, it may struggle or become unprofitable during sharp market movements. Testing across diverse volatility conditions is crucial for understanding the strategy's resilience. 🔹 Macroeconomic Events: Significant economic factors, such as news releases and central bank decisions, can greatly impact market behavior. Therefore, it’s important to test the strategy over timeframes that include these critical events to gauge its performance in response to external shocks. By thoroughly testing across these varying conditions, traders can better understand the strategy’s strengths and weaknesses, leading to more informed trading decisions. 📍 6. Stress Testing Stress testing is a crucial process for assessing the sustainability and resilience of a trading strategy under adverse conditions. Consider the following factors during stress testing: 🔹 Falling Liquidity: Evaluate how the strategy performs during scenarios of sharply reduced market liquidity. Understanding its behavior in these situations is vital, as low liquidity can lead to wider spreads and slippage, affecting trade execution and overall performance. 🔹 Price Spikes: Assess the strategy's response to unexpected price changes, such as those triggered by significant news events (e.g., interest rate announcements). Observing how the strategy reacts to rapid market movements helps gauge its robustness in volatile conditions. 🔹 Crisis Events: Testing the strategy against data from historical financial crises can provide insight into its resilience during extreme market conditions. For instance, analyzing performance during the 2008/2020 financial crisis or the market disruptions caused by geopolitical events (such as the 2022 war) can reveal potential weaknesses and strengths. 📍 7. Analyzing Strategy Metrics After conducting tests on your trading strategy, it is essential to analyze the results through key performance metrics. The following metrics provide valuable insights into the strategy's effectiveness and risk profile: 🔹 Maximum Drawdown: This measures the maximum peak-to-trough decline in funds during the testing period. A lower drawdown indicates a less risky strategy, as it shows how much the capital could potentially decrease before recovering. 🔹 Risk/Profit Ratio: This metric assesses the profit generated for every dollar at risk. A favorable risk/profit ratio indicates that the potential rewards justify the risks taken, making the strategy more appealing. 🔹 Percentage of Profitable Trades: While the sheer number of profitable trades is important, it's equally crucial to analyze the ratio of profitable trades to losing trades. A higher percentage signifies a consistently effective strategy, but it should also be evaluated in conjunction with other metrics. 🔹 Average Profit/Loss: This metric calculates the average profit of winning trades and the average loss of losing trades. Understanding these averages helps to contextualize the strategy’s overall performance and can guide adjustments to improve outcomes. 📍 Conclusion There is no one-size-fits-all algorithm or set of criteria for testing trading systems. Each strategy has unique characteristics that require tailored evaluation methods. However, there are general recommendations that should be considered when assessing any type of trading strategy. Gaining an understanding of parameter selection and optimization comes with experience. It is advisable to first gather this experience on a demo account by running a strategy that has been fine-tuned in a testing environment. However, it’s important to note that testing environments may not replicate real market conditions accurately—issues such as price delays and slippage can significantly affect trade execution in live markets. Thus, when transitioning from a demo account to a real account, continuous monitoring is essential. Traders should keep track of statistical parameters and be vigilant for any deviations from the outcomes observed during testing. This oversight will help ensure better alignment with the strategy’s expected performance and provide an opportunity to make necessary adjustments in response to changing market conditions. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
4
EURNZD Will Explode! BUY! My dear subscribers, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7753 pivot level. Bias - Bullish My Stop Loss - 1.7708 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7825 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
USDCHF The Target Is UP! BUY! My dear friends, Please, find my technical outlook for USDCHF below: The instrument tests an important psychological level 0.8480 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8493 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1