Here we look at 3 traders, all claiming to have a winning trade with 100 pips - however, with very different % gains on their accounts. The main part of trading is profitability, you can not pay your bills with pips. This explains what you need to focus on and be aware of! Hope it helps, Regards Darren
Here's a short video for any new traders who want to learn the basics of elliot wave analysis. I made this for a friend but thought I'd just post it on a public platform so it could help others as well. Pardon the quality! I've never made a video before so shall continue to improve in the future :)
Our members can now set their own alerts, any instruments and any time-frames in line with our strategy - these will now print the Entry, SL and multiple TP's when the alert is valid. Thank you Darren.
7.10.20 GOLD Part 2 USDCAD The previous video dealt with presses and gaps the way I look at them. I ran out of time and realize they needed to clarify certain aspects of that analysis. I decided to take another look at the Canadian dollar as it was a long trade that did not reach my target, but I wanted to discuss certain aspects of this in addition to...
7.10.20 Gold: Specifically, I would like to look at presses and gaps. In my videos I try to look at aspects of trading that probably not that typical...in a number of ways. If you listen to me...you probably have to be patient...and forgiving ( for obvious reasons )>>>but I am trying to offer value. I have to do a Part 2....to clean up lose ends...and I want...
Multi timeframe analysis and candlestick analysis. Potential scenarios and key levels explained.
Hello Traders, In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade. When trading EURUSD, I like to look at 6 correlating assets. They are as follows: GBPUSD DXY GOLD SPX DAX I hope you find this video to be informative and educational to allow you to add...
Key levels and important support and resistance areas explained. Potential scenarios and appropriate behavior.
6.15.20 gold, bitcoin, usdcad, dxy Part 1:
Use the strategy tester with our strategy to check the weekly performance, use it also as a trading journal - you simply need to follow it at least! We can see all of the trades for the week and the profit and loss. Strong gains this week with a 20% gain risking 1% per trade - even more on some 30 minute entries. A great week, catching big JPY moves in...
THIS IS AN IMPORTANT CONCEPT REGARDING WAITING FOR CONFIRMATIONS FROM CANDLES.
6.9.20 Gold Followup....and some discussion on the challenge of this ranging market as it relates to R:R, as well as the possibility of a 1-3-5 short pattern. ( sorry for the interruption from a knock on the door from one of my neighbors...whose daughter screamed the last time I knocked on the door, and was too busy to talk with me this time...as I made Amazon...
An explanation into V3 and the differences that are designed to help you the trader, in execution, convenience, efficiency, trading psychology and ultimately profitability. Improvements made; Lot size calculator Pips in brackets Back testing functionality Customisable settings Stop loss and Take Profit labels visible on all time frames and more! Its all...
Please watch as we explain how V1 can be used and why we added these functions from V1. Please watch until the end where we explain the missed profit opportunity on GBPJPY despite hitting our TP3 trade - we start here for v3. Thank you Darren