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Perfect Entry Strategy - Bullish Engulfing in Key LevelsHello everyone, you are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
SPX500: my multi-time frame analysisHi Traders, This is my view on this pair for the next days on #SPX500 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pit from Trading Kitchen
FX:SPX500Long
by kitchen_trading
2
Without this, you will not become a profitable trader Yes, this is risk management. Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense. Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always more than 1/2. You don't have to be right in every trade. It's just that your profit in successful transactions should be greater than the losses in unprofitable transactions. This correct use of risk management will lead you to success. ____________ The example shows one of the real scenarios of any trading system where the rules of risk management are observed: Deposit of 10,000$ The risk per transaction is -1% (or -100$) Total trades: 4 profitable trades = +14% 10 losing trades = -10% Total: +4% (or + 400$) Even though only 30% of the total number of profitable transactions, we still have a profitable result. Learn risk management and become a consistently profitable trader. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
128
8 TRADING HABITS OF SUCCESSFUL TRADERS👩‍💻👨‍💻 Hey traders, Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them. In this article, I have collected 8 trading habits that a trader should have to become successful. 1️⃣ - Continuous Learning 📚 The markets are infinitely deep in their nature. Trading & constant monitoring of the market always unveil new, uncharted elements and things. With 8 years of day trading, I can't help wondering how many new things I learn each and every day. With continuous learning you evolve, you become better and it improves your trading performance & results. 2️⃣- Emotional Stability 🙏 The market is a wild beast who always wants to bite us. And most of the time it manages to do that: drawdowns, losing streaks... Those who trade for at least 1 year know how unpredictable and unstable the market is. A perfectly looking trading setup can easily turn into a big losing trade. Of course, that is painful, of course with more and more losers, the anxiety will pursue us, the stress will overwhelm us. Only by remaining stable and calm, you will manage to overcome the negative periods. Learn to control your emotions, learn to take losses! 3️⃣ - Constant Practice 💪 Pro traders never stop, they always watch the charts, they always monitor the prices, and follow the market. Trading requires constant TRADING. Just spending one single week on a vacation without charts, you can not imagine how hard it is to return back. The trading skills must be constantly maintained. 4️⃣ - Trade Journaling 📝 Pro traders always assess their past performance & results. They track each and every trading position that they opened. Both losing trades and winning trades require analysis and observations. Only by studying the past results the trader can improve his trading performance and evolve. Only by identifying mistakes & peculiar commonalities, the trader learns to lose less than he makes. 5️⃣ - Anticipation of Different Outcomes 👁 Everything can happen in financial markets. Pro trader always reasons in probabilities. He knows that 100% chances do not exist. Accepting the probabilities the trader (even while opening the trade) is always ready for completely different outcomes and accepts each and every move of the market. 6️⃣ - Flexibility & Adaptivity 🕺 The markets are always changing. If you were trading before COVID crisis, I guess you feel how the reality among us shifted. With fundamental changes in our daily lives, the markets changed as well. It is hard to say what exactly has altered though, however, we all can feel it. In order to survive in a constantly changing environment, one should adapt. One should look for ways to be one step ahead. To beat an evolving market, the traders should constantly polish their trading strategies, drop the things that don't work anymore, and adopt the new, reliable ones. That is the only way to stay afloat. 7️⃣ - Selection of Right Markets 📈 The trader always knows what to trade and he always has a reason. He admits that some financial instruments are appropriate for his trading style while some are completely not. Pro trader does not wander around aimlessly from one market to another. He has a plan to follow and rules to rely on. 8️⃣ - Realistic Expectations ⭐️ Many newbie traders drop trading just because of wrong expectations. The desire to get rich quick, to catch 20/1 risk to reward trades without substantial losses is playing a dirty trick with them. The true trader is not greedy, in contrast, he is humble and the only thing that he wants is simply to win more than he loses and make that amount sufficient enough to have a good living. Adapting these 8 habits, you will see dramatic improvements in your trading. And even though most of them require a substantial effort and many years of practicing, trust me, it is worth it and it will help you in your daily life as well. Would you add some other habits to this list?🤓 Let me know in a comment section. ❤️Please, support this idea with a like and share your feedback in a comment section!❤️
BINANCE:BTCUSDEducation
by VasilyTrader
30
How to Assess Your Trading Performance|Consistency & Perspective 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. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDEducation
by VasilyTrader
28
GBPJPY long just alerted 📈🛎️After a successful short trade that completed on Monday we now a valid long trade present. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
NZDUSD long running it's course 👊Entry details are shown on the chart. We are working the 15M time frame on this trade. We're only looking for the green line which is take profit target. Trade history can be seen below this trade idea too for full transparency. This strategy is currently 7 winners out of 8 trades and is great for sniping small pips out the market. Previous trade is also shown on the chart which was a short that hit TP target. This trade has gone close to SL and TP so far but we stick to the trading rules and let trades run their course. Lets see how this one plays out. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
NZDCHF long trade live 📈👍Entry details are shown on the chart. We're only looking for the green line which is take profit target. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
GBPNZD short valid👇👍Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
GBPJPY short trade presents 📉👊Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Last trade closed out for a small profit before the sell presented. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
4
GBPJPY long valid ☝️ 👍Entry details are shown on the chart. Working the 30M chart here. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
Trading ADA with crypto total volume - +2061% returns in a yearUsing the total crypto market cap as a trading indicator is an overlooked method. Traders get stuck on chasing complex new indicators when all they need is in front of their eyes. If you could be buying when the total crypto market volume rises and sell when it goes down it might be all you need. This strategy proves that you can comfortably beat ADA's holding at 1480.1% with +2061.1% in a year. And it's very easy to run and automate. WILL POST ALL POSITIONS, OPEN/CLOSE PRICES/TIMES BELOW The strategy goals: 1. Use Crypto Total Volume as the main indicator 2. Beat holding ADA over the past year 3. No additional indicators only price movements The strategy: The strategy that was the most successful consists of only 3 lines. Simplicity works as it reflects what is actually happening in the market. In our case this is the full strategy: On the 1 hour time-frame: 1. We will open a position when Crypto Total Volume is up by 4% in last day 2. We will close the position when Crypto Total Volume is down by 4% in last day and Price is up by 3% in last 3 days No stop loss or take profit we respect the strategy rules 100% of the time. The results: The strategy beat holding ADA convincingly by bringing in +2061.1% through the year. It did so by winning 64.1% of all trades with a an average of 11% per win to -5.76% when losing. You can expect to hold a position for an average of 3.5 days. A strong aspect of the strategy is that it has above 5 positions per month, a total of 64 for the year. This exposes you to less fees than high-frequency ones. Note that despite the fact that the strategy is executed on the 1h timeframe Crypto Total Volume is calculated daily so positions will be opened at midnight UTC, while the close is monitored on the hourly. Further optimisations: The winning positions were held on average for shorter than a losing ones, so seeing how you can shorten holding time for losing positions may improve results. The strategy does beat the market on drawdown as well with 33%. However it is something you may seek to shrink further. The positions: 26/06/2021 00:00 27/06/2021 01:00 1 day OP 1.252 CP 1.2782 +2.09% 21/06/2021 00:00 24/06/2021 11:00 3 days OP 1.4262 CP 1.3294 -6.79% 15/06/2021 00:00 16/06/2021 00:00 1 day OP 1.5769 CP 1.555 -1.39% 08/06/2021 00:00 11/06/2021 14:00 4 days OP 1.5659 CP 1.5253 -2.59% 01/06/2021 00:00 07/06/2021 08:00 6 days OP 1.7376 CP 1.7101 -1.58% 29/05/2021 00:00 31/05/2021 07:00 2 days OP 1.5133 CP 1.5963 +5.48% 24/05/2021 00:00 26/05/2021 00:00 2 days OP 1.3135 CP 1.5525 +18.2% 18/05/2021 00:00 22/05/2021 13:00 5 days OP 2.0301 CP 1.5198 -25.1% 13/05/2021 00:00 15/05/2021 00:00 2 days OP 1.5669 CP 2.0073 +28.1% 10/05/2021 00:00 12/05/2021 00:00 2 days OP 1.7662 CP 1.7633 -0.164% 04/05/2021 00:00 08/05/2021 00:00 4 days OP 1.3627 CP 1.6529 +21.3% 01/05/2021 00:00 02/05/2021 18:00 2 days OP 1.353 CP 1.3419 -0.82% 29/04/2021 00:00 30/04/2021 00:00 1 day OP 1.3373 CP 1.3066 -2.3% 27/04/2021 00:00 28/04/2021 00:00 1 day OP 1.2377 CP 1.3063 +5.54% 23/04/2021 00:00 26/04/2021 04:00 3 days OP 1.1444 CP 1.182 +3.28% 17/04/2021 00:00 22/04/2021 17:00 6 days OP 1.4099 CP 1.2589 -10.7% 13/04/2021 00:00 16/04/2021 00:00 3 days OP 1.3145 CP 1.4784 +12.5% 11/04/2021 00:00 12/04/2021 00:00 1 day OP 1.2175 CP 1.2638 +3.8% 06/04/2021 00:00 10/04/2021 15:00 5 days OP 1.2117 CP 1.2298 +1.49% 01/04/2021 00:00 05/04/2021 23:00 5 days OP 1.1917 CP 1.2252 +2.81% 24/03/2021 00:00 26/03/2021 07:00 2 days OP 1.1156 CP 1.1306 +1.34% 08/03/2021 00:00 17/03/2021 00:00 9 days OP 1.1307 CP 1.2497 +10.5% 04/03/2021 00:00 07/03/2021 20:00 4 days OP 1.2132 CP 1.12 -7.68% 01/03/2021 00:00 02/03/2021 00:00 1 day OP 1.3128 CP 1.2968 -1.22% 27/02/2021 00:00 28/02/2021 00:00 1 day OP 1.2435 CP 1.314 +5.67% 23/02/2021 00:00 25/02/2021 12:00 3 days OP 1.0973 CP 1.0464 -4.64% 20/02/2021 00:00 22/02/2021 00:00 2 days OP 0.92597 CP 1.0996 +18.7% 16/02/2021 00:00 17/02/2021 15:00 2 days OP 0.86128 CP 0.87196 +1.24% 08/02/2021 00:00 12/02/2021 00:00 4 days OP 0.66109 CP 0.9281 +40.4% 05/02/2021 00:00 06/02/2021 00:00 1 day OP 0.43903 CP 0.53874 +22.7% 28/01/2021 00:00 31/01/2021 00:00 3 days OP 0.31142 CP 0.36395 +16.9% 20/01/2021 00:00 24/01/2021 10:00 4 days OP 0.3672 CP 0.36329 -1.06% 16/01/2021 00:00 18/01/2021 00:00 2 days OP 0.30189 CP 0.38077 +26.1% 11/01/2021 00:00 14/01/2021 00:00 3 days OP 0.30154 CP 0.31246 +3.62% 08/01/2021 00:00 10/01/2021 11:00 2 days OP 0.29917 CP 0.3197 +6.86% 03/01/2021 00:00 05/01/2021 00:00 2 days OP 0.1774 CP 0.22518 +26.9% 23/12/2020 00:00 31/12/2020 00:00 8 days OP 0.15645 CP 0.18389 +17.5% 16/12/2020 00:00 19/12/2020 00:00 3 days OP 0.15385 CP 0.16502 +7.26% 09/12/2020 00:00 13/12/2020 09:00 4 days OP 0.14117 CP 0.15392 +9.03% 05/12/2020 00:00 08/12/2020 00:00 3 days OP 0.14779 CP 0.15401 +4.21% 01/12/2020 00:00 04/12/2020 13:00 4 days OP 0.17207 CP 0.15631 -9.16% 27/11/2020 00:00 29/11/2020 00:00 2 days OP 0.13835 CP 0.16487 +19.2% 21/11/2020 00:00 26/11/2020 00:00 5 days OP 0.11826 CP 0.15474 +30.8% 12/11/2020 00:00 20/11/2020 21:00 9 days OP 0.10597 CP 0.11497 +8.49% 10/11/2020 00:00 11/11/2020 00:00 1 day OP 0.10555 CP 0.1059 +0.332% 03/11/2020 00:00 09/11/2020 00:00 6 days OP 0.09222 CP 0.10652 +15.5% 27/10/2020 00:00 02/11/2020 00:00 6 days OP 0.103 CP 0.09827 -4.59% 20/10/2020 00:00 23/10/2020 08:00 3 days OP 0.10856 CP 0.10927 +0.654% 13/10/2020 00:00 14/10/2020 00:00 1 day OP 0.10951 CP 0.10927 -0.219% 06/10/2020 00:00 12/10/2020 00:00 6 days OP 0.0974 CP 0.10652 +9.36% 02/10/2020 00:00 05/10/2020 06:00 3 days OP 0.09803 CP 0.09818 +0.153% 22/09/2020 00:00 26/09/2020 00:00 4 days OP 0.07989 CP 0.09691 +21.3% 14/09/2020 00:00 19/09/2020 15:00 6 days OP 0.09509 CP 0.09254 -2.68% 18/08/2020 00:00 12/09/2020 00:00 25 days OP 0.14039 CP 0.09696 -30.9% 11/08/2020 00:00 15/08/2020 01:00 4 days OP 0.14376 CP 0.1392 -3.17% 08/08/2020 00:00 09/08/2020 00:00 1 day OP 0.13891 CP 0.14695 +5.79% 02/08/2020 00:00 04/08/2020 14:00 3 days OP 0.14415 CP 0.14357 -0.402% 28/07/2020 00:00 29/07/2020 00:00 1 day OP 0.13861 CP 0.14904 +7.52% 24/07/2020 00:00 27/07/2020 00:00 3 days OP 0.1242 CP 0.14847 +19.5% 20/07/2020 00:00 23/07/2020 11:00 3 days OP 0.12401 CP 0.12527 +1.02% 17/07/2020 00:00 19/07/2020 10:00 2 days OP 0.12605 CP 0.12389 -1.71% 06/07/2020 00:00 15/07/2020 00:00 9 days OP 0.09815 CP 0.13254 +35% 02/07/2020 00:00 04/07/2020 00:00 2 days OP 0.09685 CP 0.09652 -0.341% 30/06/2020 00:00 01/07/2020 00:00 1 day OP 0.08394 CP 0.083 -1.12%
by CleoFinance
1