Percy is a great guy... he can be a girl too and you can call him or her whatever you wish. I just chose the name Percy, I think its quirky. :-)
Percy can help you like he helps me - Let me introduce you to him.
He tells me when to enter a trade, when to close a trade, what lot size to use - he helps me stay on track when I feel like closing early...
1 What is CTA Trading?
2 Types of CTA Trading Strategies
3 How does CTA Trading Strategy work?
4 CTA Trading Strategy
4.1 CTA Trend Filter Rules
4.2 CTA Trading Rules for Entries
4.3 CTA Trading Diversification
5 Final Words – CTA Strategy
1 What is CTA Trading?
In finance, CTA is an abbreviation for Commodity Trading Advisor.
A CTA is a professional money...
You can make money from an uptrend or a downtrend in trading.
Downtrends tend to move faster than uptrends, which is why you will find some traders who opt to only short sell assets in order to capitalize on the quick price action.
Many kinds of research show that financial instruments can trend more than 30% of the time. The rest of the time, the active moves...
As the name of the Elder trading system suggests there are three “screens” that we apply to every trade. The three screens used by Alex Elder can be summarized as follows:
First Screen used for establishing a trading bias.
The second Screen applies technical indicators to identify retracements against the trading bias established earlier.
The third Screen is...
3 Simple Tricks to Recover from a Drawdown like a Pro.
In our private client area, we often talk about the importance of understanding drawdowns.
The first step in dealing with drawdowns is to acquire the right mindset that is conducive to trading.
Do you want to learn how to live through the daily drawdown that is almost inevitable and all traders must go...
We went to 80 no problem this is our second chance to jump on the train. -50%,+23%,+61% is all we have to look for. And here Ive marked all the over sold/bought dates to see if they track one another. If the 2 go with each other you see another bread and butter move. Over sold means buy and over bought means sell.
To find out if price is in bullish or bearish global trend a half year ACD should be applied.
Only half yearly Initial Balance can do this.
If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET
If weekly price stays primarily ABOVE HALF YEARLY OPENING...
"Countertrend trading" and "We are oversold" these sentences just sound so stupid, I have a hard time believing this is a thing.
Here are a few of my finest comparisons:
"I put a pillow on my face and practice suffocated breathing".
"I compete in sprints with my legs tied together" Huh but why? "Well 2 legs have more power than 1 obviously duh silly" You keep...
Trend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs.
The market moves in three directions:
1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long”
I'm making a little educational series of tutorials to put some of my trading philosophies into writing for myself but also to help teach anyone interested or provide a fresh perspective to others.
Let's start with COLOR .
From indicator lines, fill regions, background colors, arrows, to barcolors (be it from an indicator or just the basic candle), most traders...
I wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time...
Combined a teaching idea and a trading idea. Trading is relevant now. A pair of BTC/USD , a favorite pair of vanguards.
First, I will describe what is happening at the moment and how to trade, provided that you do not trade intraday. Then I will give training material for real use, and not fortune-telling on coffee grounds.
At the moment, a formation like a ...
For this chart I utilized the Fisher Transform of the On Balance Volume (OBV) to identify common patterns not particularly discoverable by looking at price alone.
Notice I do not portray a forecast using the same candle movement as when the fisher pattern indicates a repeating trend. This is because the price action will
most likely not follow the same historical...
I'm gonna try and keep this short. Today is the start of a HUGE trading weekend, and I still have to get ready and head up.
Anyways. Look at my charts again. This is the 1H tf. I kept all the successful and failed trade setups I entered with annotations for justification, etc.
There are a couple things to do that I didn't.
1) Recognize the larger trend. ...
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USDJPY – Buyers already in good shape
Trend: Buy/ Neutral
Price is still...