I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an...
To long term success is this business you have to avoid using too much leverage! I recently did a challenge to see if I can actually make money with $20. The result of that was not so great ,and the main reason was because I went in too big.The fact is that making money with a small capital is very hard.For one you won't make much an any given trade. Second, you...
knowing the trend of your chart will help you not get headaches later on in the market.... Also lining them up with PRZ levels is an added bust to what you already know about the market.
If you have any questions please feel free to message me.
Rare are times you get to know the exact exits.
This setup requires an estimate extension & an exit plan to be pre-determined in-case of over-extension.
Sometimes things go wrong and it over-shoots, hence the 'maximum impossible' extension should be put in mind.
The 'maximum impossible extension' can only be predetermined by countless hours of constant monitoring...
After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales...
My bread and butter is RSI and MACD divergence, I cannot look at 15 charts or more at the same time so I use alerts with those.
But I know to trust my own judgement over what some indicator tells me.
In these examples, and I could show countless more, what eyes tell us is what is right, not what the oscillators tell us. Yes, I know, I am comparing 2 different...
Based on the market behaviour that:-
"prices tend to return"
"Same Seiden's Supply and Demand concept",
"Banks always split their orders hence price tend to go back so banks can put their orders again"
hence the concept "Boomerang Effect".
Some traders mark big candles as a "leading indicator" that price tends to return to that price, think of a magnetic...
Here's the setup on the H1.
Apply this to any time frame. If you're using important levels and trading at the right times, most healthy breakouts involve some version of this shape. Strong, confirmed breakout with a clear close past the level, a weak but steady pullback to the level, and then an immediate fail at support-turned-resistance.
This is the type of context shift we're looking for. The breakout bar shifts us from analysis mode to trade hunting....looking for lower time frame, healthy PBSR to risk off a level retest.
See comment for H1 ideal entry.
(These are not trades I took, I'm just building a solid study library and I suggest you do the same).
Hi guys, I wanted to share with you a strategy that I am using currently on one of my accounts.
The goal is to make this account growing with a target goal of 1 million USD without making any withdrawal.
I would call it "The turtle millionaire strategy". Some of you probably use it or know it but some of you never imagine this possible.
YES if you are patient...
Patience is a great quality in trading. Why ? Simply because it helps you not ceeding to impulsivity and it helps you decreasing mistakes.
Patience in trading is similar to patience in poker. A good poker player will wait hours to get the best hand possible. He will wait for a very good pair like AA or KK instead of risking losing with weak pair like 44 or 66.
5 natural reactions to failure in trading
It could be very useful to understand your natural behavior when you are faced to failure in trading. All of us are facing losses, sometimes these losses can be huge when come a krach or a bad choices.
The situation in itself will not determine the reaction of the trader. It is his personality, his history facing which...
The escalation of failure in trading ! : 5 reasons why most of traders lose their money !
Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom
Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation
Reason 3 / Step 3 : The "AVERAGE DOWN" disease
Reason 4 / Step 4 : The "RISK EVERYTHING" game
Reason 5 / Step 5 : The "I SWEAR IT WILL NEVER HAPPEN AGAIN" lie to...
I wanted to show everyone who´s following me what my strategy is about.
These last four trades I have entered were positive. Yes, I need to pay attention to my drawdown but hey we are trading GBPJPY should be consider a normal drawdown to this pair.
These trades are based on Order Blocks to execute, key levels to support and resistance in horizontal...