greatful-me

greatful-me

In a world of 50/50 probability. flipping a coin for instance. it can go either way, a head or a tail is a game of probability. likewise. A trade can be a small winner or loser, big winner or loser. as the small winner and small losers even themselves out. how to eliminate the Big loser than you are only left with big winners The Setup - Current chart(W) is an...

greatful-me

The Setup The Long-term(M) chart is in an downtrend The current-term(W) chart is in new formed uptrend The small-term(D) chart used to ENTER and EXIT The odd Enhancers - the ENTER was in the DZ (demand zone) of the (W) chart Higher Low uptrend. - tight STP loss - if the DZ holds there is room for profit to run The trade followed all the rules the ENTER and...

greatful-me

The Setup UBER long-term(M) is in month (M) uptrend. Price made a Higher High (HH) recently. Current chart (W) is correcting into a Demand Zone (DZ) this zone is also the Higher Low of the Weekly (W) uptrend. ODD (Trade) Enhancers The more odd enhancers the more the odds are in my favour. I hate calling them odds as if they bubble up to the surface randomly....

greatful-me

Trading is simple but it is not easy If It was easy everyone will be making money, it is simple in the sense that a set trading plan once followed can yield positive probability results. I will teach you my most successful trading method. I have been using this method for years & it is no secret, this trading technique is used by many traders, the more traders...

greatful-me

Am less likely to look up a symbol of what am trading as not to build an emotional reaction to the trade. Am more concerned with the story the price chart tell me. Everything that everyone knows is reflected already on the price chart. Supply and Demand tell you a story. Learn to listen to it. In this trade, we are looking at the most popular traded ETF for Gold....

greatful-me

I love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community. I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a...

greatful-me

The trade setup. Anytime I enter a trade, key word is trade management. How much am I willing to risk is my first calculation. comparing to my Reward, yield a risk management. In this case I was willing to risk 8 to 10 points for a reward of 20-30 points. a ratio of 2.5 is ok, but I would like to see a Risk Reward of 3-5 Why I took the Trade. The odd...

greatful-me

I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are...

greatful-me

SET UP the (W) is in uptrend Long-term(M) still in downtrend price correcting to HL (Higher Low) of the (W) weak downtrend short term uptrend ODD ENHANCER over selling into the HL DZ Generally strong stock leading SPY Bullish stock with recent Higher High Profit & STP Loss STP loss below the DZ Reward to Risk ratio of 4:1 profit target 1 and...

greatful-me

A clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT...

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THIS IS INSANE - Technically speaking the market in general is in a downtrend. a recession or correction. it should not matter. what is insane is am taking a Long trade on such a downtrend market. As any trading Guru would say " dont swim against the Current " dont trade against the trend. But I did. well I make exceptions. let me explain. The Long-term(M) is in...

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The big question in every trader mind, where to place my STP loss. most common trading strategy calls to place the stop loss above a SZ (Supply zone) or Below a DZ (Demand Zone), right that seems easy but its not. ask any trader & he will recount stories of price violating the SZ, & the stop loss is triggered the loss is carried (hopefully small) only to have the...

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Choosing your STP loss determines your risk, and is essential part of executing your trade. On this trade analysis, we are looking at ticker F (Ford Motors) using the weekly (W) chart as the active chart, the price is selling off & coming into a Demand Zone (DZ). This DZ is also the last higher Low HL of the long-term (M) monthly uptrend. my trading strategy;...

greatful-me

It seems like all trading rules are out of control in this bearish market. One of the Greatest investors of all time Warren Buffett said "be greedy when others are fearful; and be fearful when others are Greedy" this rings true in the mind. However Buffer was an investor & not a traders. the rules differ or both games. THIS IS ONE OF MY BEST & MOST PROFITABLE...

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In the world of trading, do you know what a Rw/Rs (Reward to Risk) ratio is? if you dont this article will be beyond your understanding. I suggest you read up on Reward to Risk ratio & come back to read this. If you do know what a Rw/Rs ratio & assume most of you do, we can continue our merry trade discussion ;D My Rw/Rs ratio for Swing trades that i take on a...

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The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the...

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Classic (W) in downtrend & long term (M) in down trend. waited for a Bounce (correction) up to the last Lower High of the (W) took the SHRT at 60.10 My risk was right above the inverted hammer & down she goes 7 weeks or seven red candles sticks. I closed my Short today, while price is coming into a strong DZ from the monthly chart I fought Greed to keep the...

greatful-me

Two trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my...