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One Trade Does Not Define Your Trading Performance... Hey traders, 👨🏻‍💻I am trading forex for more than 8 years. During the last 5 years, I am actively posting my analysis & trades on TradingView. Growing my audience, it was very peculiar for me to contemplate the reaction of my followers to my trading performance. (by the way, we must say thanks to tradingview where the posting system does not allow to delete the posted trades so that each and every author is easily backtestable). 👩‍👩‍👧‍👧👨‍👨‍👧‍👧Those who follow me at least a half a year know that occasionally I have winning streaks when 9 out of 10 of my forecasts play out nicely. Sometimes, however, I face the drawdowns and catch a sequence of losing trades. And sometimes the performance is mixed with the probabilities being on my side slightly. 🥇While the reaction to winning streaks is quite predictable: I am praised by the members and get nice tips. The reaction to losing streaks is worth discussing in detail. It turned out that quite a huge portion of a trading community has a completely wrong understanding of a trading nature. 🤬The single loss is considered by them to be a failure, a mistake. Facing the sequence of losses, they quickly become negatively biased to the person that they have just recently praised. With the continuation of a drawdown, they blame the analyst and launch a barrage of criticism towards him. 🔍Then they are in a search again. They are looking for a trader that will be constantly right. Catching the new one during a winning streak, the cycle repeats. At some moment such people become disappointed in trading and drop this business... ❗️Losses, losing streaks and negative days/weeks/months are inevitable. If you want to become a full-time trader, you must be prepared for the fact that trading won't give you a stable income. Your equity curve will be in constant fluctuation. Your goal in this game is simply to lose less than you make. You must become disciplined enough to keep following the rules of your trading strategy no matter what. You must learn to be consistent in your actions. You should learn to perceive losing trades not as a failure but simply as the moment when the market takes its share. Feeding you, giving you the opportunity to make money out of thin air, the market definitely has a right to claim its dividends from you. ⭐️Change your mindset, learn to lose and the magic thing will happen. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
13
A Trader's Guide to Market ConditionsThere are six main types of market conditions that every trader needs to know: bull quiet, bear quiet, bull volatile, bear volatile, bear sideways, and bull sideways. In this blog post, we'll dive into each of these conditions in detail, so you can understand what they mean for your investments and trading. Bull quiet conditions may be ideal for long-term investors, with steady upward trends and low volatility. On the other hand, bear quiet conditions can make finding profitable trades a challenge. But don't despair! Short-term traders may still be able to make profits by taking advantage of small price fluctuations. If you're looking for short-term gains, bull volatile conditions may be the way to go. These periods of economic growth and prosperity can lead to larger price swings than in bull quiet conditions. But beware, the opposite is true for bear volatile conditions. Prices are steadily declining, but with high levels of volatility. Still, traders can profit by taking advantage of large price swings. Bear and bull sideways conditions are characterized by a lack of clear direction in price movements. While traders may find it challenging to make profits in bear sideways conditions, they can take advantage of small price fluctuations in bull sideways conditions. Understanding these market conditions is crucial for making informed trading decisions. By being aware of each of these six conditions, you can increase your chances of making profitable trades and maximizing your returns. So if you want to elevate your trading game, backtest these market conditions and see what your trading results you'd get trading each condition.
by ShaquanLopez
2
USDCAD Long EOD strat© BNPP Global FX Positioning Tracker: CAD shorts extend • In G10, FX USD shorts reduce slightly to -17 from -18 last week (+/-50 scale), as our proxy for real money investors reduces shorts. • CAD shorts extend to -23 from -15 last week, as our proxy for electronic trading venues extends shorts and our proxy for real money investors unwinds longs. Technically the US dollar index is pushing higher and making a go at a bullish trend. We are seeing the US10 year yields at elevated levels and uncertainty in the equities. Oil is below the average price level of around $80 and supporting fiscal flows in the US economy are high.
Long
by Macrobriefing
Bullish on BTC: Analysis and Strategy for Long Trade at $27kBTC has seen a significant pullback from its recent all-time high of around $69,000 in November 2021, and it is currently trading around $27,000. However, there are still reasons to be bullish on BTC over the long term. First, BTC has been through several market cycles before, and historically, it has always recovered and gone on to new all-time highs. Second, there is increasing adoption and acceptance of BTC as a store of value and a medium of exchange, with several major corporations and institutions investing in BTC and integrating it into their operations. From a technical analysis perspective, BTC is currently trading in a range between around $28,000 and $32,000, with a strong support level around $26,000. If BTC can hold this support level and break above the upper end of the range, it could signal a potential bullish reversal. To go long on BTC, one potential strategy could be to wait for confirmation of a breakout above the range and enter a long position with a stop loss below the support level. It is important to remember that trading BTC, like any investment, carries risks, and it is crucial to conduct your own research and risk management before making any trades. #BTC #cryptocurrency #tradingstrategy #longtrade #technicalanalysis #storeofvalue #investing #financialmarkets
CRYPTO:BTCUSDLong
by ss7trader
ZEUS Bullish MACD Setup - High Accuracy of Winning TradesOur MACD Setup is created to reveal winning entry points for a trade with high accuracy. In our MACD Setup we combine multiple conditions to recognize only strong entry points. Multiple factors need to be met in confluence: 1. Recognize the Trend = Bullish / Bearish Trend (50 EMA is Above / Below 200 EMA) 2. There is a MACD Cross = Bullish / Bearish MACD Cross (MACD Cross is Below / Above Zero Horizontal Line) 3. Avoid False Signals in a Sideways Markets = MACD Cross far from horizontal zero “0” line 4. Filter only Strong Trend Situations = Candle Close above/below 200 EMA 5. Avoid Extreme Values in RSI = check if there is way to go before we get oversold/overbought 6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets Let´s explain the conditions step by step 1. Recognize the Trend Exponential Moving Average (EMA) is one of the most effective trend identification indicator. Traders like it because of it its simplicity. EMA is usually used in combination between 200 days (as a slow indicator) and 50 days (as fast indicator of the trend). Bullish Trend = EMA 50 is Above EMA 200 Bearish Trend = EMA 50 is Below EMA 200 2. There is a MACD Cross After we recognized the Trend (Bullish Trend in our case) we would like to trade with the trend so we are looking for Bullish MACD Cross. Bullish MACD Cross is Below Zero Horizontal Line 3. Avoid False Signals in a Sideways Markets So we found Bullish MACD Cross and now we want to be sure that the Cross far away from the Zero Horizontal Line. Our algorithm filters crosses and shows only signals with decent distance form Zero Horizontal Line. 4. Filter only Strong Trend Situations Once we have met the first three criteria (Bullish Trend and Bullish MACD Cross far from Zero Horizontal Line) we need confirmation that the market is still strong and is moving forward in an uptrend. So we look at price action and there need to be Candle Close Above EMA 200 . Closing about EMA 200 indicates continuation of the trend. 5. Avoid Extreme Values in RSI The other condition is based on RSI and we are looking only for situations where RSI is not overheated so there is a way for trend continuations. In our case RSI was in the middle values so we can expect market to continue its uptrend. 6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets We have developed our own Algorithm which filters signals in low volume markets and side trend.
BINANCE:ADAUSD.PEducation
by ZEUS_Algo_Indicators
Key Levels and Market overview for the Asian session open 2/03A review of the price action from the European session and US sessions which gave us some choppy price action. Markets remain under some pressure from sellers with DAX and FTSE giving back earlier gains while the US edged lower. The USD found some sellers which supported Gold while US bond yields rallied again and Oil ranged....mixed bag really!! I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Short Selling Opportunity Ahead: AUDCAD Analysis | 4h chartHello traders, As you can see in my previous post the resistance level reached and profit target hit. Now again short selling opportunity on the horizon. Wait for the OANDA:AUDCAD to close below stable support (0.91200-0.91500) and test resistance before opening short position. Avoid long position due to downward trend and high supply. Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Short
by AlphaTradingStation
Back With The Charts EURAUD BullishAs a trader, it's important to not only identify potential trading opportunities, but also to manage risk effectively. With that in mind, based on my analysis of the EURAUD pair, I have a bullish bias on the 4-hour timeframe. One reason for my bullish bias is that the pair has broken through a major resistance level , and has made a new higher high. This indicates that there may be further upside potential for the pair. However, before entering into a trade, it's important to wait for a pullback to the former resistance level , which should now act as support. This allows for a more favorable risk-reward ratio, as you can place a stop loss below the support level to limit potential losses. Additionally, it's important to have personal entry criteria in place, such as waiting for confirmation through candlestick patterns or indicators before entering a trade. This helps to ensure that you're entering into trades with a higher probability of success. Overall, while this analysis and prediction may provide a potential trading opportunity, it's important to remember to manage risk effectively. This includes setting appropriate stop loss levels, and being mindful of position sizing to avoid over-exposure to any one trade.
by UnknownUnicorn18142411
AUDUSD Short Trade Idea: High U.S. Inflation and Hawkish FedThe AUDUSD pair is currently under pressure as a result of stubbornly high U.S. inflation and signals from the Fed that interest rates may need to be raised for a longer period than previously anticipated. We are looking to take a short trade on AUDUSD at 0.68977, with a take profit target at 0.67519 and a stop loss at 0.70014. This trade idea is based on the potential for the U.S. Dollar to continue to strengthen, while the Australian Dollar may weaken due to concerns about containing inflation. #AUDUSD #shorttrade #USinflation #hawkishFed #tradingstrategy 📈📊💰
Short
by ss7trader
How to Spot the Confluence Zone | Pro Fibonacci Technique If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones. Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish ; it should match lower highs if the market is bearish ). Once the trend line is confirmed by at least two touches and consequent reactions, you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line . 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish , swing high to swing low in case if the market is bearish ). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line . In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
9