One of the key principles of successful trading is… Once you have taken the trade to just let it go and allow it to run its course. The system lined up – tick. The entry orders are all in place – tick. It matches your risk and reward criteria – tick. You know your trade size – tick. Now let it go. You may get the urge to interfere, change the levels and...
Good day, traders. I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes...
📍 What Is an Ascending Triangle? This pattern emerges when the price movement allows for a horizontal line to be drawn across the swing highs, while a rising trendline is drawn along the swing lows. These two lines together form a triangle shape. Traders actively monitor triangle patterns for potential breakouts, which can occur either upward or...
Many traders use indicators these days in trading the markets and they certainly have their place. But the most effective method of market analysis remains the method of determining market structure. Trading based on the underlying market structure can be quite easy because the principle is very simple. What is market structure? We look for trading...
These are notes from the original ICT Mentorship 2023 Educational Video. I picked my own example here.
Directions: 1) Wait For Pullback 2) Wait For PA to Break Top of Structure Left 3) Buy When PA Hits Left Structure 4) Set Stop Loss To Below Pullback 5) Stops & Targets Can Be 1:1 RR or higher, but ALWAYS control risk If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade...
QM(Quasimodo pattern) patterns are one of the easiest patterns to identify during market structure analysis. These patterns always form during a market reversal and you can also sometimes find them on supply and demand areas. They usually form at the end of an uptrend or downtrend.
Hey traders, 🔝Top-Down analysis is one of the most efficient ways to analyze & trade different financial markets. In this post, we will discuss the time frames to watch and the main steps to go through to execute a Top-Down trading strategy properly. Being a Top-Down trader your task is to assess the global market perspective and identify the zones, the areas...
This week was a bit of a sad week for me but despite that i logged on to trading view to find a good stock to trade watch this video to see which stock i found Take care, lubosiforex
Introduction: Anchoring in Unfamiliar Waters Raise the Jolly Roger, folks! We’re setting sail into unexplored waters today. The stock market can be as unpredictable as the seven seas, and every now and then, you need a little treasure map to help navigate through the tempest. Virgin Points of Control, or VPOCs, are like the hidden coves full of buried treasure....
Hello traders, today we will talk about WHY TRADERS LOSE MONEY BIAS WHAT IT MEANS… HOW IT INFLUENCES TRADERS Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions. After a loss, traders often get...
Today, I want to provide with you an essay that will clarify just how far you should push your trading perfectionism. There is no ideal trading technique, to put it succinctly and painfully. Losses will be a part of life. Yes, there are High Frequency Trading (HFT) outfits that have been producing successful days after successful days for the past five years, but...
This tutorial aims to demonstrate my approach to the market, focusing specifically on identifying explosive moves while exercising caution and preserving capital by staying out of the market when trade setups fail to materialize. This aspect constitutes approximately 80% of my overall strategy. While I won't delve into the specific details of why my chart is laid...
Hello dear @TradingView community! Are you familiar with the ABCD pattern? The ABCD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures. This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price...
📍Price action trading refers to the analysis of raw price movements in order to understand and predict future market trends and price movements. By focusing on price movements, traders gain a deeper understanding of market fluctuations and can make more informed trading decisions. The strategy can be applied to trading gold and forex, two of the most popular...
First let me tell you. NO you should not feel thrill when you take a profit. NO you should not feel thrill when you are on a winning streak. NO you should not feel thrill after a day, week or month of upside. But I’m not going to be a wet blanket. As a trader, including me, there are times to feel thrill. Trading is a process, it’s a lifestyle, it’s a game,...
Ahoy, fellow traders! So you’re itching to become the Captain Jack Sparrow of trading, eh? Before you swashbuckle through the stock market, you need a treasure map. Enter the Initial Balance trading strategy! This nifty tool can be the compass guiding you through stormy market seas. But hold your horses, we’re not talking about a literal balance here; it's more...
When it comes to using technical analysis for making trading decisions, a solid, simple, yet robust trading strategy is an essential foundation for traders to achieve consistent profits. However, constructing that strategy can be a challenge, especially for those new to trading, as there is an overwhelming amount of information out there. There are nearly...