pow_removetheguesswork

pow_removetheguesswork Updated 

USDCAD sell trade in progress. Working the H1 time frame. Reversal trade identified. Trade details can be found on the chart in red label. Trade box shows entry, SL and TP target. Thanks for looking Darren🙌

pow_removetheguesswork Updated 

Alert has presented for a CADJPY sell. Trade is in progress at time of writing this idea. Chart has all the trade details showing entry, TP target and SL value. I am aiming for TP3 value on the chart label. The yellow line is entry point. Red line is SL and Green line is TP. Thanks for looking Darren 👍

pow_removetheguesswork

Potential long trade for Ethereum has alerted. Trading the 30M chart. I have set my stop loss at the last low and will follow this trade to the next alert. Green POW emblem shows the candle entered upon. This is a trend following trade. For extra confluence there is a area of resistance that if broken would add to validating the trade. Last sell trade...

pow_removetheguesswork

Do you feel excited? 😅 This is why. It's all down to the chemical reaction in your brain. Dopamine. Dopamine is a chemical in the brain that makes us feel good. Should you be feeling excited when trading?🤔 No.🙈 As this isn't gambling and shouldn't give you the same dopamine rushes like a gambling win does. What's starts as initial excitement will move to...

pow_removetheguesswork

They make it look easy, posting lifestyle posts all over your Instagram feed.⠀ ⠀ Truth is, that's not real. 😒 Sorry.⠀ With that being said lets break this down into reason you should and shouldn't trade forex. The reason I'm covering this as a forex idea is I am predominantly a forex trader and made my way to where I am trading forex. This however does apply...

pow_removetheguesswork

It's time for my mid week educational post. Today I want to talk about the three pillars needed by all traders for success in the markets. This isn't just the forex market either this applies to trading all financial markets. Be it forex, crypto or stocks, so lets get into the the three pillars of success. PILLAR NUMER ONE- STRATEGY You MUST have an...

pow_removetheguesswork

We've all done it. At some point in your trading journeys bad habits set in. Here is my four trading habits you've got to kick in order to stay profitable. 1. Overtrading We all been there with this one. We think we have to be in the market all the time. We don't and its okay to be flat at times. No strategy should have excessive trade volume. More time...

pow_removetheguesswork

Time for a educational post from me. At some point as traders we have all had the thought of how long will it take to double my account. The rule of 72 is the easiest way to work that one out. The rule of 72 is a handy mathematical rule that helps in estimating approximately how many years it will take for an investment to double in value at a specified rate of...

pow_removetheguesswork

The stats for retail traders are not pretty. It's no secret around 80% of all retails traders lose money. The reason most fail is the four fears not being overcome. Fear of being wrong! We are emotional creatures and lets be honest none of us like being wrong. This trait shows in some more than others but there is no place in trading for this trait. It's...

pow_removetheguesswork

Let's end the week on a thoughtful note. On the chart is a visual I see the other day that I feel relates to trading massively. It's called the comfort zone map. This can be applied to many situations in a person's life as a generic visual map. But I really do think it represents the journey every trader must take in order to become successful. COMFORT...

pow_removetheguesswork

The pair in question and four winning trades allows me to cover a subject I've wanted to touch on. That subject is asymmetric compounding. Asymmetric compounding is a money management strategy that can accelerate the equity curve of an account. But you need the right strategy and data available to back up using asymmetric compounding. Higher the win rate the...

pow_removetheguesswork

Its the buzz words and hot topic of the moment! PROP FIRMS Before I start on this topic I want confirm I am a funded trader. This post isn't to promote this style of trading or prop firms. I am writing this post for those who may not understand what a prop firm is and to share my own experiences on the route to being a funded trader. What is a prop firm?...

pow_removetheguesswork

Back on our Ethereum strategy here using the EDGE trend follow script. Entry details are shown on the chart we are in a short position. Trade has been live since 15:00 UK time. Working the 45M time frame here and we're only looking for TP3. Previous trades can be found on chart one was a sell that hit TP and a buy which hit SL. No strategy is 100% right...

pow_removetheguesswork Updated 

Trade details for current trade are shown on the chart. Using POW reversal strategy for this trade. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trade can be seen on chart. Trade history can be seen at the foot of this...

pow_removetheguesswork

POW reversal strategy in use here for this trade. A EURAUD long which has just alerted. Trade details for current trade are shown on the chart. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart...

pow_removetheguesswork Updated 

POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also we are now on the forth trade of the...

pow_removetheguesswork Updated 

POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also we are on the third trade of today....

pow_removetheguesswork Updated 

My second share of the week is a EURNZD short trade. Once again POW reversal script is being used for this strategy. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous...