"Master your emotions and you'll master the market" Hello traders, after receiving a lot of positive feedback from my TradingView educational posts I thought today I would break down a subject on trading psychology with the 14 stages of investor emotions. Learning how market cycles operate can be extremely beneficial to your trading, understanding the true...
Taking profits early was a hard lesson I had to learn. I occasionally still do it. See chart For me, the key to LONG-TERM success in this business is not your win/loss rate, but the magnitude of your wins vs your losses. My biggest mistakes have all come from taking profits early, not from taking small losses.
Sell GBPJPY (educational) "kalbotical retracement confluence 1" 1. Up Trend line broken 2. down Trend line formed 3. second leg has a strongest momentum so possible third leg for some kind of 1-2-3-4-5 structure ) You can catch momentu e.g with Squeeze Momentum Indicator 4. Look left for S/R zone 5 perfect Fib level - .618 6. Kalbot RSI ...
Hello traders. It is a statistical fact that upwards of 90% of retail traders lose money in the Forex market. There are many reasons for this, but perhaps the most important reason is entry. Retail traders often get terrible entries. Even if they are right, their entry may be so poor that their opportunity for profit is not enough to make them consistently...
SOME WORDS FOR NEW TRADERS: 1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? ) 2. if you can not understand the idea, or u disagree the idea, then dun trade it. 3. if you want to trade based the author's idea, make sure u make a very detail trading plan for yourself. the entry, the stop loss, the...
Support and resistance acts as a barrier from preventing the price of an asset from getting pushed in a certain direction. It is one of the more difficult concepts within Technical Analysis, there are various ways to identify these price levels, and even after identified, there are plenty of ways of integrating and trading with them. Today I'm going to simplify...
Hello again friends, Deciding what kind of trader you want to be is important, so you're not bouncing all over the place. Having said that, learning different ways to trade can add an important weapon in your arsenal against the markets. I'm a counter trend trader at my core, but my trading plan has a provision when the maximum profit vs risk presents itself in...
This is more of an educational chart. Look at the Gann Fann and how beautiful NZD/USD reacts to it. This is important for you guys to know that Gann mostly reacts with JPY, NZD and AUD. Please study the Gann Fann and the way you have to draw it correctly and I will be glad to assist you guys with it. Cheers. -Masih
Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. The ONLY correct way of identification is as follows: 1. B-point must touch 0.382XA but should never close beyond 0.618XA 2. C-point must touch 1.272XA but should never close beyond 1.414XA 3. D-point is 0.786XC and it must be...
Hi Friends, I have left the above Nifty chart without proper description on purpose. Just take a look at the chart, if you can understand why those lines are drawn, its fine. If you don't then also its perfectly fine. But whats not fine was,taking trade decisions without knowing what those lines where.Do you think complex systems are better than simple trading...
Few Advice that how can you be Good Forex Trader. 1 > Making pips no big issue things is that how you manage it. 2 > Every day is not TP days so be Ready for SL too. 3> Trade for Leave not Leave for Trade/ 4> No one can be Billionaire in a night 5> Never Greed 6> Never be over confident on your Trade. 7> Always use SL 8> If in any trade if get 50+ PIPS book it...
Hi traders. I'd like to share a few tips, that many traders ignore (I'd dare to say most). If we compare the different dollar pair's performance over different time periods, we can glean important information, as to what cross pairs to trade, and reap some nice uncorrelated to oil, DXY and stocks returns. This is one of the advantages of including Forex in your...
Head and Shoulders Pattern is a reversal market trend formation which presents 3 main characteristics that can considered as a strong market uptrend, 2 shoulder having approximately the same height and a pick which higher than the shoulders, located in between called the head, once again, one of the main point here remain the importance to observe the formation...
I heard support and resistance does not work. I decided to show just how wrong that is. This is an over simplification of S&R and I use a number of other indicators to create winning trades. However if all you did was follow the simple instructions you will see S&R certainly does work. In fact if you look at most of my charts I draw boxes where I see S&R. It is...
Since this is the first "KS Method" trade this week, I thought that it would be helpful to go through the elements of the trading checklist and see why we do each of them. The KS Method is easy at face value but it has so much in it so just learning and applying it will do so much for your results. Please do not trade with me this week for the pips. We can do...
When price gets trapped between current timeframe and higher timeframe EMAs expect ranging price action.
People always ask me about my 4 levels of signals especially level 1. Well, here is the best one of them all Study it well please