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Consistency

BUY NOW and set your year RETURN. Hi traders, USD loosing strength due to the increase of interest rates. that will not only affect the currency short term but long term, consequences of Inflation. currently many central governments are raising interest rates and according to their monetary policy, we can expect the price to behave emphatically. -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Long
by BlaiseThewinner
2
educationalA detailed explanation of the harmonic model SHARK 🦈 The Shark model was discovered in 2011 by Scott Carney It is somewhat similar to the CRAB model 🦀 🔹 The most important characteristic of this model is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers and Elliot Wave theory. The shark model is characterized by the need to specify the points of the model, which are X, A, B, and C The starting structure of the model is point 0. In the shark model, point B exceeds point X 🔴 bullish style 1️⃣ No specific patch for A 2️⃣ Point B corrects 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 0X and at 161.8 to 224 AB 🔴 bearish style 1️⃣ No specific patch for A 2️⃣ Point B is a correction from 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
Education
by Elrouby
education5-0 . Harmonic Pattern The 5-0 pattern was discovered by Scott Carney 🔹It was published in his book “Harmonic Trading, Volume Two.” It is a unique model that has accurate Fibonacci ratio corrections to validate the model. 🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area. Correction ratios are slightly different from Bat or Gartley style. 🔹The 5-0 category is in the 5-point harmonic reversal family of models 🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns. The basic premise of the pattern is to determine the reactions after completing the opposite direction 5-0 patterns usually represent the first pullback of a major trend reversal. 🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
Education
by Elrouby
AB = CD pattern education The lightning-fast pattern: The AB = CD pattern is one of the basic patterns and was first discovered by Gartley in a book he published in 1935 entitled Profits in the Stock Market (also described as the lightning fast pattern). In this pattern, the line connecting A and B represents the first price movement, and after the price makes a short correction move from point B and C, the pattern completes the line between C and D, which is the same line connecting AB with equal length. Although the price movement is not always completely equal, the length of the two lines in the AB=CD pattern are very close in length so that through them the reversal points can be identified 📌 AB=CD Pattern Using Fibonacci Ratios: 🔹 This model requires the availability of the basic Fibonacci ratios, which are 61.8%, 78.6%, 127, 161.8% 🔹 Point C must be corrected by 61.8% on the Fibonacci scale of the AB leg, or by 78.6%. 🔹 Point D is achieved at the corrective level 127.2% or 161.8% of BC. However, the following was noted: 🔹 When point C corrects by 61.8%, the extension of the CD leg reaches the 161.8% corrective level. 🔹 When point C corrects by 78.6%, the extension of the CD leg reaches the corrective level 127.2%. ⭕️ There are some cases in which the CD leg only corrects 100% of the Fibonacci scale, then the name of the pattern AB=CD is achieved and in this rare case it may be the classic “double top or double bottom” pattern. The CD leg may equal the AB leg at the time.
TVC:DXYEducation
by Elrouby
SELL NOW...CLEAR 200 PIPS HI traders, we have a great bearish momentum coming for the pound. we are entering the last stages of this long consolidation pattern, we expect the pound to fall drastically in the upcoming weeks... -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
by BlaiseThewinner
Consistency isn't something you get, it is something you doConsistency isn't something you get, it is something you do! Consistency in trading is a vital component, yet most traders think its something you get, it is not something you get it is something you do daily! Having a trading plan is something you do and them follow (do again) Following position sizing and risk management is something you DO Executing your system is something you DO! You get the drift! Do more good!
OANDA:XAUUSDEducation
by PrimedGroup
5
Power of Small Consistent EffortsHello Traders, 👋 Today I would love to talk all about the power of putting in small consistent efforts. Furthermore discuss the power of compounding and compound interest. Putting in small consistent effort is ideal for anyone, regardless of experience. Whether you are new to trading, trade forex, trade crypto or even want to find a new hobby 🏑🏓🎺🎸 1.00 The first equation is simply the number 1 raised to the power 365. The power 365 simply means 1 x 1 x 1 x 1 etc... 365 times. Anything multiplied by 1 remains unchanged, so the result is 1. But what happens if we add 1% to that? 1.01 1% bigger than 1 is 1.01. So if we take 1.01 and we raise that to the power 365 — so in other words, we multiply 1.01 x 1.01 x 1.01 x 1.01 etc... 365 times. You will be surprised that it equals 37.8 notice that this is almost 37 times bigger than the answer to the first equation above! 🤯 This is the result you’d get if you “did just 1% more than usual”. The difference in effort is just 1% a day, it’s tiny! If you can work on your trading 1% more than you are currently doing, every day. You will end up with a considerable amount of impact from that work. Whereas if you don’t do that little bit extra every day, you will be making zero progress and contain the same knowledge as you did a year ago, maybe less. Little steps, done consistently time and time again, compound into big, big differences. And not taking those little steps, makes the effect almost disappear. "Compound Interest is the Eighth wonder of the world. He who understands it... Earn it. He who doesn't... Pays it." ~Albert Einstein In simple terms compound interest is earning interest on your interest. For example If you was trading with $1000 and you made on average 10% per month, you would reinvest your earnings each month to make interest on them. This is called compound interest. +++++++++++++ Profit/Interest Month 1 $1100 +$100 Month 2 $1210 +$110 Month 3 $1331 +$121 Month 4 $1464 +$133.1 As you can see each month your profit is increasing. This is because you are making profit on your profit. The earlier you start compound interest the better. This is something millennials should learn in school! I know most people want to jump on the million dollar deal and get rich quick. But if you took a single penny and doubled it everyday, by day 30, you would have $5,368,709.12. However, it's important to note that it's all about the power of doubling. If you asked the same question, but changed the doubling time to just 27 days, you would only have $671,088.64 If you are struggling on your trading journey, do not give up! ****The first step of every successful Trader : FAILURE**** Do not let a little failure scare you away from being consistent. Thanks for taking the time to read my post! 💖 Please check out my other trade ideas! 🐱‍🏍🐱‍🏍🐱‍🏍
COINBASE:BTCUSDEducation
by Pips-Collector
156
Improving Consistency In TradingThis is always one of the biggest challenges to becoming a full time profitable trader. Almost all traders will have a battle against becoming consistent. Its something that I definitely struggled with when starting out in my trading journey. 
I would go through weeks of profitable trades and building my account and then equally go through losing streaks and essentially wiping out my wins. Or simply from one week to the next my trading results would fluctuate like crazy… This will inevitably have a detrimental effect on your trading results but more importantly it will have a major negative effect on your mentality and well being as you become more and more frustrated with inconsistent trading results. So today I wanted to sit down and go through this in topic to explain some ways to combat this problem and improve your consistency. Expectations Firstly its important to define the goal… what does consistent trading look like FOR YOU? Because believe it or not, the answer to that question is different for different people. 

So, are you looking to be consistent over the course of each day? Over the course of each week?… Define a time period that is realistic for you to determine your consistency and make sure it has enough time to measure enough trades to account for wins and losses. Are you looking to be consistent in terms of profit over this period of time? Or are you looking to be consistent in terms of percentage of trades won and loss? Secondly its important to know that you WONT win every trade.. so any goal that sets out to do so won’t be realistic and won’t be achievable. 

Winning 80% of your trades is a VERY consistent win rate percentage. 
 No Silver Bullet The honest truth is that there’s no secret formula or special sauce that will turn an inconsistent trader into a consistently profitable one overnight.

As with everything it will take gradual steps of improvement but I can share with you some methods and insights to help speed that process up. 
 Consistent Results Come From Consistent Processes
 The main reason behind inconsistent results is that traders are using an inconsistent process for each trade they place. 

If one trade is placed based on one strategy and then you are not using that same strategy on the next trade then you can expect any trading results will reflect that. 

Its important to understand your strategy in trading intimately… you should have the confidence in your strategy that if you were to lose a trade, you are confident that over time your strategy will work out. 

Typically this scattergun approach where traders jump from one strategy to the next is the main cause of why their results are inconsistent. 
 Review Your Strategy Finally you must of course have a very robust strategy to use in the first place… if the strategy you are using isn’t robust and doesn’t provide an ‘edge’ on the market… if you haven’t done the research and backtesting necessary to know your edge on the market then you can be sure that any result from using that strategy will be inconsistent.
OANDA:XAUUSDEducation
by JoelWarby
81
EURUSD forecast / trades takenHey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came back into the discounted area and gave the lower time frame entry, there were a few ways of getting into this trade and it also gave scale ins if it was missed. Price then was heading into the daily premium region so we knew we needed to be partialing out of this trade as we pass through and mitigate the levels of supply, these supply levels were creating pullbacks to continue up however given the HTF area we are it is very wise to partial heavily where we did. Anyone everyone, theres a bit of an insight into one of the team trades last night in the Newyork session. Happy trading ladies and gents and i hope you learnt something.
Education
by Bill-from-The-trading-Cartel
1
EURUSD forecast / trades takenHey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came back into the discounted area and gave the lower time frame entry, there were a few ways of getting into this trade and it also gave scale ins if it was missed. Price then was heading into the daily premium region so we knew we needed to be partialing out of this trade as we pass through and mitigate the levels of supply, these supply levels were creating pullbacks to continue up however given the HTF area we are it is very wise to partial heavily where we did. Anyone everyone, theres a bit of an insight into one of the team trades last night in the Newyork session. Happy trading ladies and gents and i hope you learnt something.
Education
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came back into the discounted area and gave the lower time frame entry, there were a few ways of getting into this trade and it also gave scale ins if it was missed. Price then was heading into the daily premium region so we knew we needed to be partialing out of this trade as we pass through and mitigate the levels of supply, these supply levels were creating pullbacks to continue up however given the HTF area we are it is very wise to partial heavily where we did. Anyone everyone, theres a bit of an insight into one of the team trades last night in the Newyork session. Happy trading ladies and gents and i hope you learnt something.
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came back into the discounted area and gave the lower time frame entry, there were a few ways of getting into this trade and it also gave scale ins if it was missed. Price then was heading into the daily premium region so we knew we needed to be partialing out of this trade as we pass through and mitigate the levels of supply, these supply levels were creating pullbacks to continue up however given the HTF area we are it is very wise to partial heavily where we did. Anyone everyone, theres a bit of an insight into one of the team trades last night in the Newyork session. Happy trading ladies and gents and i hope you learnt something.
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Back again!! After a crazy trading session last night. Again, any questions let them rip! BFIS were happy with the price of the EQL of the HTF daily sell range last night so we sold according following intentions and had a monster trading running around 30%. We also went long in to this sell transfer prior taking around 8 risk to reward. Following expectational order flow we expected the EQL sell side liquidity to be taken so this was the end target for us. Partials were taken along the way. Now we are expecting a pull back and will be looking to trade the pullback long to then sell again last on following the daily expectations (selling form the new sell range drawn in, in premium pricing) Absolutely ready for another big session today (we hope). Crazy week so far and enjoy your day ladies and gents.
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Back again!! After a crazy trading session last night. Again, any questions let them rip! BFIS were happy with the price of the EQL of the HTF daily sell range last night so we sold according following intentions and had a monster trading running around 30%. We also went long in to this sell transfer prior taking around 8 risk to reward. Following expectational order flow we expected the EQL sell side liquidity to be taken so this was the end target for us. Partials were taken along the way. Now we are expecting a pull back and will be looking to trade the pullback long to then sell again last on following the daily expectations (selling form the new sell range drawn in, in premium pricing) Absolutely ready for another big session today (we hope). Crazy week so far and enjoy your day ladies and gents.
by Bill-from-The-trading-Cartel
DXY | DOLLAR INDEX - SHORT Commitment of Traders shows that central banks have been shorting the dollar since June, the slash in 1% slash in interest rates by the FEDs is doing the Dollar any good either. Technically we have a good ol' Cup & Handle, we broke the handle's ascending channel quite impulsively, we are now creating another ascending channel. FUNDAMENTALS MANUFACTURING NUMBERS - MIXED FACTORY ORDERS - GOOD BUT NOT GREAT OIL INVENTORIES - WEAK PMI's - GOOD BUT NOT GREAT EMPLOYMENT - WEAK OVERALL STRENGTH BASED ON NEWS Taking into consideration the market movers, oil and employment I say the fundamentals indicate a weak dollar thus far, tomorrow is a critical day as well. So keep stock of your fundamental releases and assess them for dollar strength or weakness this weekend.
TVC:DXYShort
by Austin_Palmer
📚EDUCATION: THE BASICS OF TRADING EXPLAINED📚 Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed the basic rules. Trading is as much about pattern recognition and capacity for abstract thinking as it is about the personality type, self-discipline, and specific mindset. The lucky few are born fit for trading, but others might train themselves. Below, is the breakdown of the basics behind the day trading! ✅TRADING IS A BUSINESS NOT GAMBLING 99% of the new traders have unrealistic expectations of the kind of returns trading might deliver. To make matters worse, they do not realize that it will take years of trial and error before they can make trading Their only source of income. These delusions make the newbies treat trading like gambling. To AVOID this, please follow these 4 easy steps: 🔥SET AND KEEP YOUR RISK-REWARD. I recommend risking no more than 1% of the deposit per each trade, which also implies using a variable lot size for every trade, so that no matter the SL size in pips, or the pair you are trading, the dollar value of the RIKS remains the same with each trade. That way, you are in full control of the risks you are taking. 🔥DO NOT GO ALL IN. Sounds obvious, but I’ve seen it so many times. New traders, who lost 70% of the account, GO ALL IN on one trade that they think might help them recover the balance. That is NEITHER a way to trade, nor a way to learn. Slowly losing your account while learning how to trade, is simply a fee that you are paying the market for your education. Accept it or fail. 🔥PROTECT CAPITAL=USE SL I can’t stress this enough and I BEG YOU to use SL. Do NOT enter the trade thinking that if the SL level that you had in mind is hit you will close manually. You will NOT close the position, and the longer you hold it the more is the temptation to wait a bit more because it seems that the reversal is coming soon. 🔥CUT LOSSES Set a daily loss limit. For example, you can Ban yourself from trading for the rest of the day if you lost more than 3 trades in a row. You will enter what is called a tilt most likely, and you will NOT be productive that day. The same goes for a week. Lost more than 10% of the account in a week? Next week NO TRADING for you. Watch the market passively, or trade on the demo! By the way, That can be helpful even for professional traders too! ✅KEEPING A COOL HEAD IS KEY The ideal trader is the one who can set all emotions aside as a robot would, while simultaneously keeping the versatility of the human mind and the intuition, that the machines lack(yet). It is of utmost importance for the new traders to understand that being right about the direction but entering too early or too late is the same as being WRONG because the result will be a LOSS. Here is how to keep cool: 🔥CONTROL YOUR EMOTIONS. Both euphoria and a panic attack are your enemies so the more detached you are, the better. Emotions are for the casino, and we are doing business here, remember? 🔥AVOID FOMO( FEAR OF MISSING OUT) That one applies mostly to the trades that you are not so sure about, but still want to take them, in fear of not making money. And the early entries are determined by FOMO too( what if the price does not reach my limit order, and the trade plays out well, but without ME?) FOMO is Incredibly counterproductive, don't let it control you! 🔥DON’T FOLLOW OTHERS Avoid herd mentality! 99% of traders lose money, so doing what everyone does inevitably lands you in the 99% category. 🔥BUILD A WATCH LIST A LOT of the beginners try to PREDICT behavior of the particular instrument that they decided to trade for some reason, instead of going through the pairs looking for a ready setup that you KNOW works. The former approach leads to finding patterns, key levels, and setups that just aren’t there. Naturally, the result of trading these is an inevitable LOSS.You should Build a watchlist big enough for your to have a choice, and go through it at regular intervals, looking for opportunities but NOT INVENTING them. ✅ CONSISTENCY OVER BOOM-BUST STYLE Consistent trading is the only way to make trading a reliable source of income. Slow but steady gains always beat leap-like boom-bust performance. The psychological pressure of the latter will most likely break you sooner or later, and who needs gray hair in their 30es anyway? That is how you achieve consistency: 🔥FIND A STRATEGY Do the research on multiple trading strategies and pick those that you understand and that are compatible with your personality. 🔥USE PAPER TRADING AND BACKTESTING To select which strategy is right for you, use backtesting to see how the strategy performed in the past. And use paper trading to see how the strategy works in real-time.Once you chose the strategy, go back to paper trading and backtesting to polish it. 🔥TRACK YOUR TRADES Keeping track of your trading! Working with that data is an invaluable tule for the trader, that helps identify your strengths and weaknesses, while also helping you notice patterns in your trading that would have been left unrecognized otherwise. 🔥FORMALIZE YOUR RULES Objectivity is KEY for consistent trading because during the rough patches of the market, being sure of your rules helps you stay in the market, waiting for the tailwind, instead of questioning your strategy or your implementation of it. Create a strict ALGORITHM and follow it step by step. In order to do that, you need to define every element of your strategy as precisely as possible. For example, a level for you is a daily horizontal level with at least 3 touchpoints, a breakout is valid only if the 4H candle closed above the level, etc... The less vague the terms, the fewer emotions will be involved in deciding whether to enter the trade or not. ❗️IN CONCLUSION: If you want to become a trader, remember: 1- It will take YEARS to learn how to trade. 2- You will lose a TON of money in the process 3- You will FAIL with 95% probability. 4-Realistic returns from trading are WAY lower than you think 5-BUT when you succeed, you will set yourself free! Please SUPPORT This Idea By A LIKE and COMMENT!
Education
by TopTradingSignals
2