Good day, guys.
There are more and more of you every day, you are all different: someone with a lot of experience in trading, but someone, on the contrary, just came to the stock market and can not quite understand how to trade at all.
In general, last week I got a few questions about the price of the TP or what to do if I'm sitting in long and it goes into short, etc.
That's why I want to tell you a little bit today about what my ideas mean, how often I put them out, why there aren't so many and how to trade them.
I feel responsible and I have to write about it. I will try to be as clear as possible for everyone.
So, I think I should start by saying that my posts are not signals to buy or sell the basic active.
This is an idea of where the asset can go: long or short. In other words, when reading my post you should think about what is written, conduct your own analysis and then make your own decision.
For those who want to get exactly the signals maybe should look for something else.
Now just a little bit about my method. It is based on four postulates:
1. Levels .
It's the levels, not zones. I know that many traders trade from zones, many signals come from zones. I have nothing against it. But I personally trade from the levels. And that is why: first of all, they work and it can be seen from my ideas.
Secondly, you can put a small SL from the level, if you trade from the zone, then the risk increases there.
I don't like to give my money away. It's like being in a store, giving away $10 per gum, knowing that it's only worth 50 cents.
The result is the same in the end, but the risk increases.
2. Accumulated position
The price will only go up because she was allowed to go there. They will let it go there only because the position size of the big player is sufficient and it is time to fix the profit.
If the position is not enough, they will not let the price go. It's a long time to explain, but if you think about it, it is.
Big players have tricks, you should know about them.
I will ask you a simple question: are you ready to lose $ 1 million? Think about it before you answer.
3. Direction
Once the position is gained, the big player will lead the price to exit point.
This can be seen on the chart without indicators.
But to see it, you need to know what to look at.
4. Entry point with the lowest possible risk.
But here it is quite simple: the entry point can be based on your trading strategy.
lets go on.
1. About your strategies.
The idea does not eliminate the need for you to have a strategy.
The fact is that relative to the level, you can trade at least 3 different models: level breakout, rebound and false breakout. By the way, there are several types of false breakouts, and they also trade differently.
Ok. If your strategy implies trading a breakout, that is how you should trade the idea: a breakout model. If someone's strategy involves trading in a false breakout - that's how they should trade.
I urge you not to break your strategies (if they exist), and do not try to trade a false breakout, if you do not understand it.
Key idea: You should trade on your own system and only with SL.
2. About TP.
The idea just can't have a TP price, and it's not that I'm greedy and don't want to show you my goals at prices.
The point is that it is incorrect from a professional point of view.
And that's why: everyone in a strategy should have an acceptable risk on trade.
The price target in the TP should be based on a simple formula: TP = 3*Risk.
Naturally, the greater your permitted risks, the higher your TP target should be.
There is a nuance: the potential of the move. You should understand that the potential move in the direction is not the same as the target for TP, but I should write a separate post about it.
3. About ideas.
I was asked why I wasn't putting out a lot of ideas.
It's very simple: by definition there can't be many. To select shares for trading I look through up to 1000 charts and choose the strongest model. It's not a question of quantity, but of quality. Good situations do not always happen, it is a market. You can see from the ideas that even good ones sometimes do not give an entry point. The market is the market.
4. About scenarios.
Why some ideas have scenarios and some do not? The fact is that I trade two markets: Russia and America.
If there is time, I describe my scenario and the logic of what I see on the chart.
If there is no time - I put out with a minimum amount of description. But this does not mean that I have not analyzed the chart before.
Hope, answered some of your questions.
Thank you all for being with me.)
By the way, the usd\try chart has nothing to do with what I wrote, it's just a good background to one good idea that worked).
p.s.
by the way, I wasn't kidding about losing a million.) If you think like big players, learn to understand them. If you want, give your ideas about when you'd be willing to lose a million in exchange for what?
There are more and more of you every day, you are all different: someone with a lot of experience in trading, but someone, on the contrary, just came to the stock market and can not quite understand how to trade at all.
In general, last week I got a few questions about the price of the TP or what to do if I'm sitting in long and it goes into short, etc.
That's why I want to tell you a little bit today about what my ideas mean, how often I put them out, why there aren't so many and how to trade them.
I feel responsible and I have to write about it. I will try to be as clear as possible for everyone.
So, I think I should start by saying that my posts are not signals to buy or sell the basic active.
This is an idea of where the asset can go: long or short. In other words, when reading my post you should think about what is written, conduct your own analysis and then make your own decision.
For those who want to get exactly the signals maybe should look for something else.
Now just a little bit about my method. It is based on four postulates:
1. Levels .
It's the levels, not zones. I know that many traders trade from zones, many signals come from zones. I have nothing against it. But I personally trade from the levels. And that is why: first of all, they work and it can be seen from my ideas.
Secondly, you can put a small SL from the level, if you trade from the zone, then the risk increases there.
I don't like to give my money away. It's like being in a store, giving away $10 per gum, knowing that it's only worth 50 cents.
The result is the same in the end, but the risk increases.
2. Accumulated position
The price will only go up because she was allowed to go there. They will let it go there only because the position size of the big player is sufficient and it is time to fix the profit.
If the position is not enough, they will not let the price go. It's a long time to explain, but if you think about it, it is.
Big players have tricks, you should know about them.
I will ask you a simple question: are you ready to lose $ 1 million? Think about it before you answer.
3. Direction
Once the position is gained, the big player will lead the price to exit point.
This can be seen on the chart without indicators.
But to see it, you need to know what to look at.
4. Entry point with the lowest possible risk.
But here it is quite simple: the entry point can be based on your trading strategy.
lets go on.
1. About your strategies.
The idea does not eliminate the need for you to have a strategy.
The fact is that relative to the level, you can trade at least 3 different models: level breakout, rebound and false breakout. By the way, there are several types of false breakouts, and they also trade differently.
Ok. If your strategy implies trading a breakout, that is how you should trade the idea: a breakout model. If someone's strategy involves trading in a false breakout - that's how they should trade.
I urge you not to break your strategies (if they exist), and do not try to trade a false breakout, if you do not understand it.
Key idea: You should trade on your own system and only with SL.
2. About TP.
The idea just can't have a TP price, and it's not that I'm greedy and don't want to show you my goals at prices.
The point is that it is incorrect from a professional point of view.
And that's why: everyone in a strategy should have an acceptable risk on trade.
The price target in the TP should be based on a simple formula: TP = 3*Risk.
Naturally, the greater your permitted risks, the higher your TP target should be.
There is a nuance: the potential of the move. You should understand that the potential move in the direction is not the same as the target for TP, but I should write a separate post about it.
3. About ideas.
I was asked why I wasn't putting out a lot of ideas.
It's very simple: by definition there can't be many. To select shares for trading I look through up to 1000 charts and choose the strongest model. It's not a question of quantity, but of quality. Good situations do not always happen, it is a market. You can see from the ideas that even good ones sometimes do not give an entry point. The market is the market.
4. About scenarios.
Why some ideas have scenarios and some do not? The fact is that I trade two markets: Russia and America.
If there is time, I describe my scenario and the logic of what I see on the chart.
If there is no time - I put out with a minimum amount of description. But this does not mean that I have not analyzed the chart before.
Hope, answered some of your questions.
Thank you all for being with me.)
By the way, the usd\try chart has nothing to do with what I wrote, it's just a good background to one good idea that worked).
p.s.
by the way, I wasn't kidding about losing a million.) If you think like big players, learn to understand them. If you want, give your ideas about when you'd be willing to lose a million in exchange for what?