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Trendtrading

Revealing My Top Gold Trading Secrets for Huge Profits!In this video, I reveal my top trading secrets for making huge profits in gold trading (XAU/USD). This educational content will cover key technical analysis techniques and strategies that I frequently use in my charts, as well as valuable insights into trading mindset and proper risk management. Let's unlock the potential of your trading skills together! Technical Approach: In this educational segment, we'll focus on the core technical analysis principles that I use to make informed trading decisions. Here's a detailed breakdown of my approach: Identifying the Trend: Uptrends and Downtrends: Learn how to recognize market trends using higher highs and higher lows for uptrends, and lower highs and lower lows for downtrends. Trendlines: Use trendlines to connect the highs and lows of price movements, helping to identify the direction of the trend and potential reversal points. Support and Resistance Levels: Support Levels: Identify areas where the price tends to find support as it falls, acting as a floor preventing further decline. Resistance Levels: Identify areas where the price tends to find resistance as it rises, acting as a ceiling preventing further ascent. Historical Price Action: Use past price movements to pinpoint key support and resistance levels that the market respects. Liquidity Zones (LQZ): Definition: Liquidity zones are areas on the chart where there is a high concentration of trading activity, often leading to significant price movements. Identification: Learn how to spot these zones using volume profiles, order flow analysis, and historical price action. Trading Strategy: Use liquidity zones to identify potential entry and exit points, as they often precede major price moves. Volume Analysis: Volume Spikes: Understand how volume spikes can indicate strong buying or selling interest, confirming the validity of price movements. Volume Trends: Analyze volume trends to gauge the strength of a price trend and anticipate potential reversals. Entry and Stop Loss Strategies: Breakouts and Pullbacks: Enter trades on confirmed breakouts above resistance or below support, or on pullbacks to key levels within a trend. Trailing Stop Loss: Implement a trailing stop loss to lock in profits as the trade moves in your favor, adjusting the stop loss level as the price progresses. Mini Lessons: Mindset: Patience and Discipline: Patience: Wait for the right trading setups that meet your criteria, avoiding impulsive decisions. Discipline: Stick to your trading plan and rules, even when the market becomes volatile or unpredictable. Emotional Control: Stay Calm: Keep your emotions in check to avoid making irrational decisions based on fear or greed. Mindfulness: Practice mindfulness techniques to remain focused and calm, especially during stressful trading situations. Proper Risk Management: Position Sizing: Risk Per Trade: Limit the amount of capital you risk on any single trade, typically 1-2% of your trading account. Position Size Calculation: Calculate your position size based on the distance to your stop loss and your risk tolerance. Risk-Reward Ratio: Target Ratio: Aim for a risk-reward ratio of at least 2:1, meaning your potential profit should be at least twice your potential loss. Trade Evaluation: Evaluate each trade based on its risk-reward ratio before entering, ensuring it aligns with your trading strategy. By incorporating these technical strategies and mindset principles, you can enhance your trading performance and increase your chances of success in the gold market. Stay tuned for more educational content and trading insights!
OANDA:XAUUSDEducation
by Adlercon333
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage). 1) Bollinger Bands 2) Logarithmic View 3) Super Trend 4) Moving Averages + RSI Let me know how YOU determine the macro trend! _________________________ BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Education
by Crypto-Check-
4
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD. Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term. CADJPY: Bullish trend continuation after a structural reversal. Look to buy after every pullback above 117.50. GBPUSD: Intraday downtrend. Strong momentum high yesterday. Sharp rejection during the New York session. Expect price to trade below 1.2620 after a correction. AUDUSD: Strong downtrend. Directional bearish wave structure. Look for a correction to break above wave structure 4 before shorting. High probability of a new momentum low below today's current low.
by Charts247TradingAcademy
1
Quick Update: A 3 Step System To Trade Forex PairsThis just happened right now as i was about to turn off my laptop and go to sleep and i thought about you and how i could teach you the rocket booster strategy now in my previous video, i showed you the #1 indicator that i use to -- Find these rocket prices and watch it using the references below to learn more also, watch this video as well -- So you have 3 assignments -- 1. Watch the previous video 2. Watch this video 3. Rocket boost this content to learn more -- Watching this video will help you understand this powerful 3 step system. -- Disclaimer:You will lose money from trading please learn risk management strategies
Long
by lubosi
1
EUR/USD Bullish Setup and Key LevelsThe low of June 14, 2024, created a Trend Changing Pattern making a high of 1.07614. We then saw a discount towards the low but failed to make a new low. On Monday 24, June 2024 we saw a Bullish break of Structure making a high of 1.07465. The pullback low of 1.06836 before that bullish move is the Key price that gives us a high probability of bullish activity as long as the price stays above 1.06836. Based on the price information, our high probability trade is to buy a 15Mins close above 1.06994. Stop Loss: 1.06836 Target 1: 1.07465 Target 2: 1.07614 Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Long
by Charts247TradingAcademy
1
GBP/JPY - Price is the leading IndicatorToday we are looking at GBP/JPY 5 Minutes timeframe. Based on the price structure, we believe that the high probability direction in the short term is downtrend. We have seen an ABC (Corrective) wave after the Low of Friday was made. Key Structures to note: Structure 4: 200.022 Downtrend continuation reversal point. Structure 2: 200.674 Downtrend Violation Structure. Always Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Short
by Charts247TradingAcademy
You Need An Edge In The Markets - Tradingview Has The Tools!👉📈 In the video, we look at a EURUSD trade opportunity, but more importantly, we delve into essential features and tools available on TradingView, which can considerably enhance your trading edge. Here’s what we cover: ✅ 1: Multi-Chart Layout: - TradingView’s workspace allows you to view multiple charts simultaneously. This feature is particularly useful when analyzing currency pairs like EURUSD. - By comparing different timeframes or related assets, you gain a broader perspective on market dynamics. ✅ 2: Currency Indexes: - Currency indexes provide crucial insights. They help answer questions like: Is the EUR (Euro) truly under pressure? Is the USD (US Dollar) gaining strength? - For instance, even if the EURUSD pair appears bearish, understanding the individual currency strengths is vital. Sometimes, two currencies may be trending in the same direction with one slightly stronger than the other.. you might look to avoid trading the currency pair associated with this scenario. ✅ 3: Entry, Stop Loss, and Target Levels: - We explore how to identify optimal entry points, setting a suitable stop-loss, and define profit targets. 📢Leveraging TradingView’s tools, you can fine-tune your trading strategy and gain a real edge in the currency markets. 📢 Remember, steady conservative and consistant trading, along with rigorous risk management, is key. Happy trading! 🛡️🌟
Short
by fxtraderanthony
18
Trends Mixed; Overall Neutral Short Term on MarketsSo, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet. We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below that Zero Line into Bearish territory, especially if we continue to stay low like this. What I may look for is a movement into the Bearish zone, a move upward, and if that movement upward doesn't bounce us back into a bullish zone I may short the market, but we shall see. Overall long term, I'm curious if the Daily can push below and settle under 5160ish for a Lower Low. It would be the first time in quite some time that we had a lower low on the Daily trend, putting us at risk of getting a lower high Daily rebound that will call for markets to be on a decline. Overall, The Mag 7, especially NVidia, still continue to mostly carry the market with the bulk of the Dow in neutral territory at best, and the Nasdaq outside of the Mag 7 also neutral. I continue to be concerned about this rally being too narrow and traders continuing to use Mag 7 stocks as safety stashes, and what will happen if they choose to take that safety money out to stash it somewhere else. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5319 Downtrend (5/28/2024) Lower Low 1Hr - 5313 Downtrend (5/28/2024) Lower Low 2Hr - 5309 Downtrend (5/28/2024) Lower Low 3Hr - 5286 Downtrend (5/23/2024) Higher Low 4Hr - 5286 Downtrend (5/23/2024) Higher Low 6Hr - 5287 Downtrend (5/23/2024) Higher Low 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5330 Uptrend (5/15/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Calendar; GDP Thursday PCE Friday Earnings to watch; Salesforce AMC today Costco earnings are tomorrow My sentiment on the market is as follows; Shorter Term - Bearish Short Term - Bearish / Neutral Medium Term - Neutral / Bullish Long Term - Bullish Basically, I don't see major risks in the long-term just yet, but the short term is a bag of mixed reactions. Currently in a place I feel we may need to look elsewhere. If you were looking for me to give you a warm and fuzzy on where to trade the ES Futures, I just can't give that today. Safe trading and remember your risk management.
CME_MINI:ES1!
by SemperTrader
Trends still show upward movement; CPI Data this weekSo trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and we were pushing above that Daily lower high resistance level around 5160, I went long. I did cash that trade out around 5260 for a $5000 trade. Given the uncertainty of how CPI could come in, I am likely to stick out until I see that data this Wednesday. While I'm not certain what Core CPI will do, and that SHOULD be the main data point we pay attention to, I have concerns based on a 10% hike in gas prices over much of April that Headline CPI could come in above expectations and cause at least an initial panic sell off. We are nearing the potential for an overbought state on MFI/RSI on the daily, so watch for algo trading around those levels as well, at least on the initial touch. Obviously we rented living space in overbought territory at the beginning of this year, so it doesn't mean we have to reverse at all, especially in this FOMO market. I continue to see the current conditions as very bullish, in spite of significant concerns I have for the ES Economy overall. While there was a time when the US Markets reflected the state of the US Economy, I think we have a massive disconnect between the two that was caused by the COVID Pandemic. I think the new trend is when the economy looks rough, dump money into Mag 7 / NYFAANG / or basically whatever hyper select group of stocks equals the majority of the market cap out there, which will just push markets higher in spite of economic conditions. Walmart Earnings on Thursday will be something to watch, moreso as it might show insight into consumer health more than what is actually happening with Walmart. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5251 Uptrend (5/13/2024) Higher High 1Hr - 5241 Downtrend (5/10/2024) Higher Low 2Hr - 5229 Uptrend (5/9/2024) Higher High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Data; PPI & Powell Speaking on Tuesday CPI on Wednesday Jobs data on Thursday Earnings; Home Depot Tuesday Walmart on Thursday Geopolitical; Russia has had a major push into Ukraine, not sure it will matter but there is the potential for a major offensive to pick up pace there. Israel / Hamas conflict continues to be a concern but doesn't seem to have much influence on markets at the moment. Overall Sentiment; Shorter Term - Neutral Short Term - Neutral Medium Term - Mmmm... really undecided on this one Long Term - Bullish Overall, I could see a quick pull back overall this week, but even if this happens I think the market will heal whatever dip we have and we will end higher overall by the end of next week. Safe trading, and remember your risk management plan!
CME_MINI:ES1!Long
by SemperTrader
USD/CAD Trend reset - Buy ContinuationMomentum preceeds prices! The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation. The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671. In terms of Target, we will use the Fibonacci retracement from the low to the high of 3. Target 1: 1.3780 Target 2: 1.3838 Initial Stop Loss: 1.3624
Long
by Charts247TradingAcademy
1
Currency State Of Play - Midweek Portfolio Selection**Sorry about the sound** Today, I'm looking at the Major Indices to determine the current state of play of the currency market and what we should expect for the remainder of the trading week. The current 4HR wave structure analysis of the Indices is as follows: DXY: +ve EXY: Neutral AXY: Neutral SXY: +ve JXY: +ve BXY: -ve CXY: -ve ZXY: -ve BUY PAIRS: No High probability Pairings based on the Indices SELL PAIRS: GBPUSD, GBPJPY, CADJPY, NZDUSD,NZDJPY, CADCHF,GBPCHF
by Charts247TradingAcademy
USD/JPY & GBP/USD UpdateUSD/JPY The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure. This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete. Currently, our high probability trade is selling now to buy later. GBP/USD The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD. Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.
Short
by Charts247TradingAcademy
Trends in upward movement facing some exhaustionTrends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5086 Uptrend (5/2/2024) Higher High 1Hr - 5117 Uptrend (5/1/2024) Higher High 2Hr - 5117 Uptrend (5/1/2024) Lower High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High As explained in the video, everything is in a higher high between 30m-6hr except the 2hr, which was part of the Powell Pump reversal. As I explained my trades over last week were a 70 point gain into the Powell Pump, a 70 point reversal after the Powell Pump, and a Long position from 5080 which I cashed out today as we pushed above the Daily downtrend resistance of 5170 for just over $4000. Additionally those Soybean Meal contracts I acquired around 335 were both cashed at around 372 for about $3700 each (I had 2). I don't say this to brag, but moreso to explain why I am not hungry for another trade, as I'm already financially set for the month of May at just under $20,000. This will be why I may seem overly picky about my trades and what may be a good position I may wait if it doesn't look like a borderline perfect trade. Economic Calendar is very light this week, just jobs data on Thursday. Earnings calendar is mostly important to watch tomorrow, especially around Disney from my perspective. Geopolitical tensions could hit a new tension point as Israeli troops move into Rafah. Overall, my general sentiment on the short term, and probably most of this week, is sideways at the moment. Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
PacMan Trend Symbol; Guidance into PCE and Next WeekThe video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131 Uptrend (4/25/2024) Higher High 3Hr - 5123 Uptrend (4/25/2024) Higher High 4Hr - 5131 Uptrend (4/25/2024) Higher High 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High If we move directly higher from here, the 6hr is going to be a lower high, but it will be the lone trend calling for a lower movement, as when the 12hr and Daily strike, we will have a higher high. I did not account for us to drop so harshly from GDP data yesterday, and certainly didn't expect that drop to fizzle out and us to push higher over after this occurred. This is why I almost never short into Earnings season. Economic Calendar; PCE Data is today. I foresee it pushing us lower, but not with enough confidence to blindly trade short into it. Major next issue is the Fed Meeting on Wednesday of next week. Overall, likely just missed opportunity from not going short at the close of Wednesday and catching most of the move back down yesterday, although I likely would have let at least half the profit reverse before I jumped out anyways. I expect I'm going to miss out on a drop today, but without trend confirmation I just don't feel strongly enough about shorting into this PCE data at this point. I made some good trades earlier, so I'm fine with it, and I still have Gold Long from 2305 and my Soy contracts are FINALLY starting to generate some revenue at around $1500 each. Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
Trends in conflict; Earnings Likely to cause a short reboundSo again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and I expect the week to be typical which means we will rebound during the Earnings season, especially next week with major powerhouses reporting (Microsoft, Google, Tesla). If NVidia was reporting I'd suggest we could rise back up towards 5300, but they are not until the end of May. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5040 Downtrend (4/18/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High This shows lots of downward pressure, although several of the trends are a bit oversold as the 30m has managed to run away with the market. Economic Calendar; Nothing important today or the start of next week. GDP is next Thursday though and CPE is Friday. If I was to express some sentiment it would be Shorter Term - Neutral/Bearish Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Neutral Longer Term - Bullish ... if the above makes any sense! Oh, and yes, I still have those Soy contracts. They are worth a whopping $1200 after all this time. I may trade them in for some 6E contracts if I see that look like it could run back up to 1.10 any time soon. Safe trading, and remember your risk management! Safe trading, and remember your risk management!
CME_MINI:ES1!Long
by SemperTrader
2
GBP/USD Follow upA quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short) or a downtrend continuation setup. Initial Target 1.2347, If the price breaks below 1.2330, the downtrend will continue. Stop Loss: 1.2473
Short
by Charts247TradingAcademy
7
Trends in conflict; Signs support "Sell in May and Walk Away"Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5111 Uptrend (4/17/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High As explained in the video, the shorter-term trends are calling for lower moves, although the longer-term trends are violated and would be calling for a rebound. In spite of that conflict, I don't expect that rebound in the immediate future at this point. I go into a longer explanation, but overall I have been shorting the market, and currently have a Short position from 5200. I am looking for this position to hit around the 5000 mark, and then may cash out and wait and see what happens at that 5000 mark. I may look for a reversal position if we head near that area. The vibe is basically that Inflationary issues persist, geopolitical tension could cause chaos, and ultimately the US Economy is amazing and resilient. Next week we have major earnings though, so this short move lower could be done for and we could head into a rebound then, before heading lower or at least sideways once again going into May, as we see the old trading technique of "Sell in May and Walk Away" hold true. General Sentiment - Bearish Overall Sentiment - Bullish Safe Trading, and remember your risk management
CME_MINI:ES1!Short
by SemperTrader
AUDJPY: Thoughts and Analysis Today's focus: AUDJPY Pattern – Continuation Support – 98.90 & 98.35 Resistance – 100.20 & 100.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily. We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed with a decrease in unemployment. This, with a weaker Yen, looks to be supporting buyers at this stage today. If we see a move below today's low or back below 98.90, this could be a warning, as it will cancel out continuation ideas in the short term. What do you think? Do you think this is a continuation pattern? Good trading.
Long
by Eightcap
Keltner Bands Pullback StrategyHere we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid. This setup contains 3 parts: The channel touch The Pullback The Entry The Channel Touch Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average True Range) of a loopback period. So a touch of the band indicates volatility in the underlying stock or commodity. This also presents us with a chance for a nice pullback with continuation. The Pullback The pullback is simple, it is a reversion to the mean. So, the price pulls back to the mean (the ema) that the Keltners are based on. From this point, you can start to determine the entry. The Entry Depending on your style, a stop order, or limit order trader, you get to create your style to enter the trade. The following are some ideas: zero line MACD cross, second entry (price action) long or short, a trigger zone (for limit order traders), and an ema touch (limit order traders). Zero Line Entry Price pulled back and crossed the zero line on the modified MACD indicator. Second Entry Long (High2) The entry is the second attempt to break the previous bars high in a pullback. The Trigger Zone I created these based on an internal Keltner channel. You can set your limit orders anywhere inside of them. EMA Touch Whenever the price touches an offset ema you can enter. So you can place and move your limit order as the ema moves. I like to offset by one because you are guaranteed a price touch (ema doesn't move). Backtesting is also my accurate with an offset ema. Conclusion The Keltner channels offer an extremely powerful way to determine a potential pullback within a trend. They also help define trends (on the first touch) and help objectively identify climatic behavior. This strategy as a whole allows for high-quality setups and the flexibility of entering and exiting trades based on trading style. I like to shoot for a 1:1 based on stop placement.
AMEX:IYREducation
by JoeRodTrades
3
Three Aspects of a Trade Entry, Risk Management, ExitWelcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy. Entry: The entry point marks the initiation of a trade. While it may seem straightforward, it sets the foundation for your entire trade. When choosing an entry point, consider factors such as market trends, support and resistance levels, and technical indicators. Your entry should align with your trading plan and signal a high probability of profitability. Remember, a well-timed entry can maximize your potential gains and minimize risks. Risk Management: Effective risk management is the cornerstone of trading success. This aspect requires careful consideration and planning. Assess the amount of capital you're willing to risk on each trade and set appropriate stop-loss levels to limit potential losses. Remember, preserving capital is paramount to long-term profitability. Exit: The exit point marks the closure of a trade and realization of profits or losses. While it's often considered the simplest aspect, it's equally critical. Establish clear exit criteria based on your trading strategy, whether it's a predetermined price target, trailing stop, or technical signal. Stick to your exit plan without succumbing to emotional impulses or market noise. A disciplined approach to exiting trades ensures that you capture profits while minimizing potential losses. Importance of Each Aspect: Entry: Sets the stage for the trade and influences its outcome. Risk Management: Protects your capital and ensures longevity in trading. Exit: Determines the realization of profits and mitigation of losses. In summary, prioritize each aspect of the trade process, giving due attention to entry, meticulous risk management, and disciplined exits. By mastering these fundamentals, you'll enhance your trading skills and improve your overall performance in the markets.
CBOT_MINI:YMM2024Education
by CFRN
5204 is a major trend support to watchJob data this morning caused a movement exactly as I anticipated and discussed yesterday. The move lower I suspected came yesterday as I anticipated, so now I'm just looking to see if we can move below this 5204 12hr support line. To date, the 12hr has been the major support level to stop any movement down since November which is why we have not seen a Daily trend change for nearly 6 months. Trends into today; Last Macro Trend Signal Spots (ES Contract) 30m - 5248 Downtrend (4/4/2024) Lower Low 1Hr - 5226 Downtrend (4/4/2024) Lower Low 2Hr - 5226 Downtrend (4/4/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5260 Downtrend (4/2/2024) Higher Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Overall, I will link my video from yesterday if you want an in-depth analysis on why I predicted we would move lower. Major thing I've heard, is people are no discussing only 2 rate cuts this year. So again, we went into the year with 6 rate cuts priced into the market. We dropped to 3 rate cuts even though we never REALLY priced out the 3 extra rate cuts, and now we are discussing only 2 rate cuts this year, and the potential of them not coming in June. Safe trading, and remember your risk management.
CME_MINI:ES1!Short
by SemperTrader