So, for some of this I am basically printing my dirty laundry here today :) So, I have a small account that I use for swing trading at this point because , well , when I started in 2020 , I really sucked lol ! Turned a 28K account into a 14K account all in less than a 6 month period . Consistently losing , often in big chunks , was my specialty lol . Funny...
Today I am just going to give my bias on gbpjpy on the wins and L's that I took so far this week. Also I will give the bias of AudUsd within the next few weeks and potential months even. So be prepared.
MARKET CYCLE: Trading Zone to Zone. SELL ENTRY: Checklist 1. Distribution 2. Bottom liquidity partial cleared. 3. CHoCH 4. Bearish OB left unmitigated BUY ENTRY: Checklist 1. Accumulation 2. Bottom liquidity cleared. 3. Bullish OB left unmitigated
Settling for one trade when you can leave a position running can hold you back from some of your best trades ever! Join me this Wednesday at 12:00 PM EST., where I'll give you the tips you need to be able to run multiple positions on one currency pair.
In this post, I am not referring to physics and math equations and probabilities, I'm just saying that the Display method of the probability of a numerical event is between 0 and 1, and just for easy recall in tutorials, I consider a number between 0 and 100. 0 indicates impossibility and we know that 100 indicates certainty. Therefore, will explain this price...
Many traders fall into the habit of judging a trading system or methodology by observing visual signals. A visual signal can range from a bot or algorithm signals, moving average interactions, a stochastic cross, or a plethora of other common patterns. Observation is the first step to finding a successful trading system but relying solely on visual cues will...
A critical component relating to trading success is the relationship between your win percentage and your bottom line. Many new traders hold some extremely inaccurate views when it comes to what kind of win percentage is required to generate net profit, including the notion they need a 70% or higher win percentage to achieve success. This notion is wrong and...
What is your favourite pattern in trading? Write in the comments below this educational idea. I think one of the best patterns is liquidity collection. This pattern has become so common in Bitcoin trading that it is no longer considered unique. But if you look at the history of trades over the last year, you can see the profitability and reliability of this...
A common mistake that traders make after learning any kind of trading setup is jumping into backtesting using a replay tool, or even live trading. However, if you think about it, trading is very much about pattern recognition. And when you force yourself into live trading without a proper understanding of what your patterns look like, most likely you’ll need much...
Daily analysis of DXY, EUR,JPY, CAD and GBP. A trading plan, daily bias high prob. liquidity levels where I would be interested to trade. Streaming Mo - Fri 30 minutes before Frankfurt open. (7:30 CET)
EURUSD makes a lower low at 03:15, where as DXY doesnt make a higher high. This divergence happens again at 08:30 but this time EURUSD makes a higher low where as DXY makes a higher high. When this divergence happens, price seems to run in the opposing direction shortly after.
The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used...
BULL FLAG This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole. BEAR FLAG This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole. Please don't forget to like, comment and follow to...
Whale Alert: $73M Worth of XRP Accumulated in Last 24 Hours The XRP price has increased by almost 1.58% in the previous 24 hours. The data tracker shows that a “whale” just invested more than $40.1 million in XRP. In the last 24 hours, Ripple’s native coin, XRP, has become one of the most popular cryptocurrencies among the whales. The statistics...
Debriefing In the opening two parts of our Trading Insights Series we evaluated the importance of probability and random distribution, and then covered some key misconceptions relating to technical analysis and price movement. We recommend you start at part one and work your way up, but this entry can stand alone. Intro Your mind is the most powerful piece...
Debriefing In the first part of our Trading Insights Series, we went over the essential nature of probability and random distribution as it relates to trading. If you have not yet read part one, you should start there (Probability & Random Distribution.) Intro If you’re an aspiring trader, then you’re probably familiar enough with technical analysis to...
Debriefing In this mini-series, we take a look at what it takes to become a successful trader. The Trading Insights series focuses on concepts rather than analysis and will attempt to get you on the proper path to your trading goals. We believe the ideas contained in this series are the proper base to help you become a professional trader. We define a...
So I like to trade without speculation, but if I do decide trade *with* speculation, then this is a way that I like to do it. This is my version of the Turtle trading strategy. I really don't know or care what their specifics are, because I just don't have the patience for anyone who unironically trades daily timeframes. My version of this strategy is all about...