Traders should print this cheat sheet out and keep it by their desks!
You can save this cheat sheet using Like and Bookmark features!
Reason why I wrote this post, is tremendous amounts of Bullish signals in @TradingView community, just take a look at front page and first pages of Ideas tab.
IMHO this is signal of "Back to Normal" phase and we are appoaching...
Hello everyone:
Welcome to a backtesting/charting session on price action analysis.
Many have inquired about how to properly identify market phrases (Impulse phrase vs corrective phrase).
In addition, how to use trendline properly to identify a structure/pattern as a continuation or reversal correction.
This session will be the start to all these.
So let's...
Risk management has to be top priority of every trader. better to know more about risk management as early as possible otherwise, After taking tons of losses trader understands importance of risk management. Next up - we have lack of a proven strategy. There are a number of decent strategies out right now, but none come close to the simplicity and effectiveness of...
Remember guys a trader doesn’t predict the future, a trader reacts to the market following a strategy.
A winning strategy is to outline all the possibilities and have a plan for each of them!!! Always have a strategy and a plan before entering any position in the market!
A profitable trade that doesn’t follow your plan can’t be considered a good trade, by contrast...
What Is Price Action Trading?
Hi Traders. In today's topic, I will be demonstrating Price Action trading through the illustration above. These are the summaries to price action trading
1. Price action traders usually have lighter focus on more distant price history, most typically focus on the recent price action (3-9 months).
2. Less emphasis on indicators....
Hello everyone
Welcome back to another quick weekly trade recap video on the positions.
I am currently in the mountains (lol) so may not get to my usual weekly outlook stream due to internet. But hopefully still update analysis :)
AUDJPY - Second position got out for BE. Currently in the third position in.
XLMUSD - Took out for a 1% loss.
BTCUSD - Still...
We all try to find the strategies which offer best possible win probabilities.
Yet, we often overlook another crucial component of increasing your odds of winning => risk management.
Today, I am going to show you how you can use a simple risk management trick to tilt the "Math" in your favor.
Would you like to increase the output of your strategy by 25% without...
Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...
Same instrument different levels of risk permitted. That can make or break a trader by over leveraging an account, and not applying proper risk management. Able to risk 2% or less and the ability to scale in for more profit without having to compromise your risk percentage is the key advantage in a forex platform. I was able to enter the same trade on a forex...
Hi Traders. Today's topic is about one of my favourite reversal setups of all time. If you are constantly searching for the perfect double top pattern or you are looking to add a reversal strategy into your trading plan, this post is dedicated for you. Let's get into the story behind a double top pattern. Imagine yourself trying to get through a concrete wall by...
Hello everyone:
Welcome back to a quick video on tradingview setups. Many of you have asked me about how you should set up your charts, your settings, customizations, watchlist..etc. So I will make a quick explanation video on this.
Chart:
-Create a blank chart
-Save under different names for different purposes
-candlesticks
-timeframes
-screens
-syncing...
Hi Traders. Today's topic is something you must experience in the path to consistent profitability. How many times have you allowed big winners rolled into a losers or break-even? If you're still having the mindset of "at least I get the direction correct", It is time for you to truly reflect on your performance and psychology, and I hope this post would give you...
Hello traders
Before I log off for the day (I'm in UK and heading to bed!)
I wanted to share an idea on having a trading plan with an 'EDGE' but also having the trading psychology to stick with a trading plan.
I'm lucky enough along with our fellow traders to run a script that has given us an 'EDGE' in the markets.
This has enabled us to trade freely...
Hi Traders. Today, I would like to discuss about a topic that's quite commonly neglected by beginner traders "Thought Process". Do get me right, no one can guarantee 100% accuracy in every position, but having a proper thought process almost always guarantee a better long-term performance, especially getting you mentally prepared in advance. To better demonstrate...
Some say that trading is 10% mechanical and 90% psychological. One of my mentors once said "The simpler we make trading, the more profitable it seems to be." and it was a profound statement to me at the time... It was one of those "I heard the exact thing I needed to hear at the exact time" moments and it changed the way I traded.
It is in our nature to...
Hi Traders. Have you ever wondered why majority of traders fail in the long-term? If you're still listening to the textbook stuff, you'd probably say that emotion is the devil that fails you as a retail trader. Yes indeed, it is true, but emotion is only part of it that makes you inconsistent in the long-run, there's way more than just the emotion.
1....
Hello everyone:
Welcome back to another quick educational video on price action structures/patterns.
Today let's go deeper into the continuation correctional structure. Specifically, the continuation bull/bear flag structure.
First it's important to understand that a bullish/bearish flag is a continuation correction.
They are representing a correctional...
![EURUSD: [Risk Management trick] Tilting the "Math" in your favor!](https://s3.tradingview.com/a/aq9gfHHi_mid.png "[Risk Management trick] Tilting the \"Math\" in your favor!")
