Winning
Daily Wisdom 32 - What a loser.It's not that you don't know how to profit. You simply don't know how to lose.
TP3 area reached on GBPJPY! +220 PIPS IN PROFIT!GBPXXX BUYS FLYING!!! Whos in these moves?!?!?!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
GBPUSD Approaching our guide TP3 area +160GBPUSD Running well since our initial BUY... Now running +160 pips
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
M15 settings on GOLD Just released! 295% GAIN SINCE MARCH 2020!Hello traders! Just a quick video reviewing our latest settings for GOLD on the M15 timeframe using our strategy.
These results are based on you using a fixed percentage lot size calculation based of an initial capital/starting balance of £500 ! SINCE MARCH 2020!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
TESLA BUY NOW RUNNING 1:16 RR!!Great BUY here on TESLA, BUY activated @ 1497.... Price now around 2049! Now running at a RR of 1:16! BOOOM!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
GOLD CLOSED +600 PIPS! Sell now OPEN!!!Our BUY on GOLD is now closed abnking +600 pips!
SELL now OPEN and VALID to enter!
USDJPY UPDATE! RUNNING +85 PIPS...USDJPY SELL posted in here yesterday! this trade now running over 80 pips in profit!
$ES_F playing out exactly as I thoughtAMEX:SPY , NASDAQ:AAPL , TVC:SPX -- There's now also an ascending wedge on $ES_F that correlates with the FIB level as well as the top trendline... Long til there, then short for a dump
AUDCHF- 5% account GAIN last week!based on the 1:3 RR we use, AUDCHF would have achieved a total gain of 5% last week following our strategy with the SL&TP provided!
first trade- we have a BUY on market opening, this hit our TP meaning an account gain of 3%
second trade- we have our SELL, this hit our SL meaning a loss of 1%
third trade- we have our final BUY for the week which hit TP, achieving an account gain of 3%
TOTAL GAIN +5%!
A +5% WEEK! "Recovery" Mode Paying Off - DT RECAP 04/24/20Hi traders,
What a turnaround. I couldn't be happier.
I am ending my week at +5% profit after I strictly followed my "recovery" program as a reaction to previous losses. And it turned out to be just the thing I needed!
My trade today:
1) NASDAQ:CZR - LONG @8.463 (average), not a big mover, but the setup was just perfect. Had I held on, I could've squeezed out almost double, but happy with the result nonetheless. +2.08%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.08%
Total PnL for the week: +5.02%
How did your week go?
Good trades,
Tom | FINEIGHT
GBP/USD - SHORT FROM 1.24600Descending Triple Top occurring on the 4HR Wedge (Entry - 1.24600).
Taking into account the Current Economic Situation and COVID-19, we at Sterling Capital FX belive the GBP is currently way Overvalued.
New Lows of 1.14 have been created on the Pound Sterling, things are projected to get worse with the Country on Lockdown so we can expect retests of 1.14 as the UK starts to slip into recession.
We Feel that Institutions will take Advantage of this Short Opportunity.
Entry - 1.24600
Stop - 1.24800
Target 1 - 1.22400 (230 Pips)
Target 2 - 1.20000 (475 Pips)
Target 3 - 1.14000 (1000 Pips)
Please be responsible for your own trade management, the above levels are take profits areas.
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THIS HAPPENS ALL THE TIME!!!Check my previous post as to why, but here we have the same scenario. Lets see how both pairs play out.
Previous post -
BACK IN THE GAME... LET'S SMASH 2020 TOGETHER!!Been away from trading due to holidays (Thank you Isreal you were amazing!!)
So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it.
And during this long term channel, we have a shorter ascending channel with a perfect place to enter.
HOWEVER...
If it was only that easy ever retail trader would make money! The banks know this and manipulate to market to take out all the stop losses for liquidity. They need this as their orders are so big, price would just shoot if they tried to place them all at one level.
GOLDEN RULE - - - FOR A TRANSACTION TO TAKE PLACE ON THE MARKET, THERE MUST BE A BUYER AND THERE MUST BE A SELLER. ALWAYS.
Planning a trade wayyy before it happens.... HERE'S HOWI'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking.
I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any scenario.
If you can try and look to the future then you will get a better feel for the markets.
I struggled to explain this one, sorry.
Happy trading!
Weekend Wisdom 04 - LoserAccepting losses is one of the hardest decisions a trader must make but it is necessary. Conquer this one trait and you'll do better than 90% of other traders.
