Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager
Let's take the dummy example of the double MM cross
Step 1 - Update your indicator
Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should look...
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price.
It happened to us as well. Many times.
After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your...
A group member had a question about why the stop loss was "so low" being 23% under the buy price. The reasoning is you need to avoid the liquidity zone, where price could easily be pushed.
The purpose of our stop is to exit the trade if its no longer valid (not get stopped out only to see a pump happen afterwards). This could be another accumulation cycle, so...
As you trail the stop loss with the 6 Day RPR, remember to maintain discipline by not moving the stop loss back away from the retracing market. In other words, if you raise your stop loss, then keep it there. Period. ONLY MOVE THE STOP LOSS TO TIGHTEN AND NOT TO LOOSEN THE DISTANCE.
This rule applies to whatever indicator or means you are using to trail your stop...
In part 1 we discussed how to identify a trend and the importance of understanding the time horizon. Please start with that post so that you understand how I identify trends.
Rules of Thumb
The longer the time frame = the lower the risk
The shorter the time frame = the higher the risk
The higher the leverage = the higher the risk
The lower the leverage = the...
Start the by writing down predictions for what I expect to happen before the end of the day.
1 day | 1 week | 1 month predictions: Make projections for what is expected to happen during the listed time frames
Previous analysis/position: Review yesterday’s analysis to remember what your thought process was
Patterns: Established patterns outweigh...
I recently watched this podcast with Tone Vays. Tyler Jenks was the guest and he started out by saying:
"This is the greatest opportunity I have seen in financial markets."
It just so happens that I have been studying parabolic theory as it relates to hyperwaves. I am using that information to develop a trading strategy that is aimed towards capitalizing on...
Text version of this video is available here:
Thank you for watching and please support by clicking like on this analysis, do the same for the text version in the link above. :) Like, follow, share and interact to help me stay motivated to keep these...
Head & Shoulders Pattern
I realize the Head & Shoulders pattern is a common pattern most traders know. However, I feel that too many traders don't identify them properly nor realize the actual makeup of a H & S.
There are two types of Head & Shoulders: Inverse, and...
I am back with yet another helpful lesson for y'all. This one is a must needed for any trader, and it is extremely important to get this right. A lot of people face a situation when they buy a coin at a higher price, and it just starts going down, and you just hold it in the hopes that it will go up soon. But instead, it just keeps going down more...
This is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short.
Also note that you can apply the same for any Market not just for Bitcoin.
- In a Uptrend We have 5 Waves followed by 3 Corrective Waves
- In that 5 Waves 1,3 & 5 are Impulsive Waves Going up...
Keep this in mind. Only one trade without stop loss can burn your capital.
A stop loss is an indispensable tool allowing you to limit your losses. It is also a level from which you feel that your scenario will not happen anymore. It is mandatory on every position if you want to keep your money safe.
See it like an insurance policy. In case the trade is going...
Hey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the...