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Tradingsystem

06062023 - #AUDJPY $AUDJPYMarket came down very slight yesterday, and was supported at PZ, forming a tweezer type of candle. Similar move this morning with the down move to test yesterday's low but now market 20 pips higher. USDJPY is weaker but overall, yesterday's price action is not a clear reversal candle. Possible move for today, IMO (with important AUD news later); the thesis would be if yesterday's candle is an intermediate high. Price is now between PZ and BZ. If you ask me, could get a move lower to 91.76 which would be a good location to look for longs. For now, price below PZ, is a short for a move to 92 and 91.76.
by FadeMeIfYouCan
How to get your Trading DoneTrading is the easiest hardest way to become financially free. You need to follow a simple approach and then have the discipline to do it again and again for the rest of your life. It can at first be a daunting task because you have to implement an element of risk. But before you know it, you’ll be free from your financial shackles and struggle. Here are five tips to help you get your financial trading done efficiently and effectively. Step #1: Always have your cheat sheet with you. A cheat sheet is a list of rules that you have set for yourself when trading. These rules are from how to spot trading signals, getting your trading setup ready, to implementing the maximum amount of money you’re willing to risk on a trade to the indicators you look for when deciding on a trade. Always make sure you have your cheat sheet with you to have a clear set of rules to follow. This way you’ll avoid making impulsive decisions. Step #2: Look for the right trading setups with high probability trades. Before you enter a trade, it’s essential to look for the right trading setup. A trading setup is a specific combination of conditions that must be met before you enter a trade. For example, you may look for a bullish continuation or reversal price breakout strategy, combined with a moving average crossover and RSI divergence indicator. Once you have identified the right trading setup, you can then look for high probability trades within that setup. Step #3: Execute your trades or just take the trade. Once you have identified a high probability trade, it’s time to execute the trade. When executing a trade, it’s important to remember that the market can be unpredictable. You may have done everything right and still end up losing money on a trade. Therefore, it’s essential to take the trade, execute your plan, and move on to the next opportunity. Step #4: Journal your trades It’s essential to keep a record of all your trades, including the reasons why you entered and exited the trade. This can help you identify patterns in your trading and make adjustments to your strategy as needed. This way you can record, monitor and also identify areas where you can improve and re-evaluate your trading plan accordingly. Step #5: Rinse and repeat the process. Finally, once you have executed a trade, recorded it in your journal, and made any necessary adjustments to your trading plan, it’s time to rinse and repeat the process. Trading is a continuous process. There will always be new opportunities to explore and it’s ALWAYS the right time to start or continue. If you follow the above steps, you’ll increase your chances of success and make the most of your trading endeavours.
TVC:SA40Education
by Timonrosso
25052023 - #USDJPYOn Tuesday, market formed a doji and I said yesterday that expect a move down to re-test the lows (20 pips) and I was bullish DXY but indicate we might see risk off. Market hit the lows, did a fake out, then rallied higher. The BZ gave the lows and DXY did go higher and indices was risk off but still USDJPY went up. Today, we are approaching 139.89. It is a strong resistance. Am looking for some pullback/reversal from there. Overall, am still bullish dollar, though yes it had made a huge up move the past few days and could consolidate first. And I am still risk off (despite NDX rally, it looks fake to me). Taking into account the 2 points, IMO 139.89-140.31 is still levels to not hold longs but look for shorts. Just a point, note how nicely price made a fake dip down earlier on to the BZ before the move higher.
by FadeMeIfYouCan
24052023 - #USDJPYYesterday was much a risk off day with indices coming down but USDJPY ended flat as USD continue to shine (I am bullish on DXY and still is). Other currencies showed bearish price action against yen. But if you look at the daily candles, not much clue on the next direction; price look like it is just consolidating. Yesterday's candle is a doji; will it be a reversal candle? If DXY is to strengthen further as I mentioned, a reversal here will indicate risk off and probably further downside in indices. For now, price is capped by PZ; thus expect 138.25 to trade minimally (20 pips downside is nothing, yes). And based on the above thesis (of risk off), will like to see 137.67 trade today (stay bearish below 138.23 and trail stops to possibly 136.91.
by FadeMeIfYouCan
The Process of Creating StrategyHello traders, In this post i am going to show that how we can create and develop the trading strategy that works. Now the first step we need to do is just search and find the any trading method that suitable for us for example that would be like elliott wave, ict concept, VSA, just using indicators and maybe you can also create your own method and backtest it. when you learned the method now its time to create your trading rules every strategy has own different rules like what is your risk to reward ratio? what is your trade management plan? either you manage your trade or just take the trade and come back after its hit TP or SL, how much is your daily limit means how much trades you will be taking in a day or in a week if you want to become a swing trader depends on you, what is your risk per trade? can you will be cutting the risk to half or just use fixed risk after lose trade? what is your daily limit of losing? can you hold trade overnight or over weekend? what is your trading timeframe? what is your trading sessions? etc... These all kind of rules you will be require to create for yourself they might be different rules depends on your strategy method now we learned the method and created the rule move forward to the next step is open the live demo trading account and trade with your strategy and apply the rules don't break the rules that you created trade at least 30 days and journal your data your taking trades after 30 days check the journal you will see your data for example in your rules you set 1/2 risk reward ratio so you need to have around 40% winning ratio check the journal check the results did you have a 40% winning ratio if the answer is yes then good to go i am sure that you know what to do next but if you failed and your winning ratio is below 40% now analyze your journal data the trades you taken you will see some of bad trades that you don't wanted to trade again just avoid those trades next time and try again the process for the next 30 days. repeat the process one day you will be profitable and consistent but if you not then try again again learn from your mistakes and don't do that mistakes again. When yo have been profitable this is the time you wanna enter in the market open the real live trading account and start trading with your strategy and follow the rules that you created for yourself run the process and always remember trading is not quick rish scheme you need to have a lot of patience, trading is a long run game like marathon race and its required patience. some of my advice is don't try to break the rules, don't depend on one trade, some times market will give you some results that you don't want from it but be patient and be consistent with your strategy with your rules, you will be facing drawdowns but that is the learning process you will learn a lot from the drawdown so with the time you will be better consistent and be profitable just don't leave the process too soon and believe in yourself and try again again and again, trading is a very beautiful and also the easiest thing to live life but firstly in the starting it required from us to pass the test. trading is a very easiest thing but also a very hardest thing. i hope you find this post useful, i wish you good luck and good trading. If you like the post, boost my work with like comments and share thanks!
Education
by TheLoserMan
1
How to Trade the Markets - Step 2 - Develop the Mega TrendHello, In this video series i will be walking you through my new approach on how i am currently trading the markets. Step 2 - Develop the Mega Trend Once you have entered your position and set your stop loss, you will then want to align the Trend Meters with your current lifeline candle. Ultimately we want to see the next day candle break below the previous day of support and start to create space from our position. We align the 7,14 and 21 Trend Meters to confirm the development for a Mega Trend winning position. Let it run and work for you! We will exit and rotate the position once we have a confirmation from the Trend Meters. Follow up videos will come in the future to show you how this has performed for the year. Simplicity is key. Tight stops are key. Mega Trend is WINNING. Take care.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn2319099