Rules for engagement: - Price must be below the 200SMA - MACD must cross above the 0 line (higher the better) - Price must then cross over short term SMAs (5&8) - Stops at previous high - Take Profits at the target low Here we saw price break down to create a new lower low and sweeping previous support. Price on the daily has broken below the 21 moving average...
Are you in control of the markets or is the markets in control of you. Key lesson today - Not taking trade is one the best wins as a trader, the ability to prevent a loss is not shone enough of light on and this is what makes a difference between profitability and not. Have a watch of the summary for today trading session - Dropped some phycological gems.
Trading Structure can be tricky. You can see a Break of Structure (BOS), your trying to get in on retracements and just keep getting Stopped out? This will help. Trade only after a Liquidity Grab, I'm going to call this a "Grubber". After the Grubber, There must be a STRONG Impulse move which breaks Structure in the Opposite Direction, Then you have to wait...
Even though I was interrupted by a phone call (lol) hear the end of this video, it still clearly illustrates how to use Fibonacci Price Sprials in conjunction with Fibonacci Price Theory to identify breakouts and targets. Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of...
Timeframes: It takes the user-defined high and low timeframes. Lower Lows (LL) and Lower Highs (LH) Pattern (15 minutes): Calculates the lowest and highest prices in the high timeframe and identifies a pattern. Order Block (OB) Identification: Defines the order block in the low timeframe. Valid Order Block (Cross from opposite side): Determines if an order block...
Emotions play a significant role in trading and can have a profound impact on decision-making and overall trading performance. Here are some common emotions that traders experience and how they can influence trading behavior: 1. Fear: Fear is a powerful emotion that often arises when traders face unexpected market movements or potential losses. It can lead to...
Intro I tried to talk through stop-loss placement in 3 minutes here. I do not think justice was done. So let's take a look at exactly what I mean when I say "Let Your Trade Cook". Proper stop-loss placement is critical to a successful trading plan. Don't Place Your Stop Like Everyone Else You are guilty of this, if you have been stopped out many times just...
When the day started there wasn't much to see in terms of price action. I needed to zoom out to get some perspective on the market and the hourly timeframe provided just that. We had some climatic activity to the downside where the market could reverse. Early in the morning, it did exactly that but then the news hit, and the day got crazy.
Welcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy. Entry: The entry point marks the initiation of a trade. While it may seem straightforward,...
I completely forgot to record my market recap. My trading journal entries got deleted to the computer restarted. I lost all of my trade entries because I did not save them. Then I proceeded to lose two more trades today. Which is very frustrating. Anyway, in this video I cover the trades that I took and the one possible setup outside of all of the news.
I am developing this 3 stage manual trading strategy model based on trend trading and break and re-tests for 1:1 trades with TP set equidistant to the SL.
Ico Investors are increasing this year Traders in crypto are in for a rude wake-up because there is so many opportunities in this market Watch out for Buying at the wrong time. Remember that too much Greed to keep profit for more than a day will destroy your profits if you buy at the wrong time you will lose all your money this is called bag holding Look for a...
I am sharing steps to do analysis and how to wait for a low risk trading execution.
In the grand Cosmic Ballet of Finance, where Celestial bodies of opportunity align in the vast expanse of the market universe, we navigate the Ethereum Vortex with a seasoned Trader’s Poise. Our chart, a Navigator's star map, is a chronicle of strategy, a testament to the art of Dollar-Cost Averaging (DCA), and an epic etched in the annals of digital...
Fibonacci. introduced by Italian mathematician "father of the Fibonacci sequence" Leonardo Da Pasa (born around A.D. 1170) in 1202 in his book Liber Abaci "book of calculations" which he handwrote as the printing was not yet invented, which also became the first book to be introduced to the Hindu-Arabic numeral system as it was a new way to write numbers and do...
Set STOP-LOSS and stop your loss! The Vital Role of Stop-Loss in Forex and Crypto Trading In the fast-paced realms of forex and cryptocurrency trading, where market volatility is the norm, the integration of a stop-loss strategy holds paramount importance. A stop-loss order acts as a critical risk management tool, shielding traders from excessive losses and...
People usually find it difficult to Invest in a strategic manner. The stocks in their portfolio are either based on news, Tips, or some random chart breakout. Here are some logical investment themes to consider: 🎯When Income grows, people Invest - companies that facilitate investment, especially the capital market. 🎯 The hype to show off travel - Travel and...
In today's video idea, we will delve into a comprehensive strategy for trade entry and management, centered around utilizing swing high pivots as crucial reference points. We will also explore the effective integration of technical tools such as Outer Bands, ribbons, and Target View Trades (TV-Trades) to enhance precision in trading decisions. By the end of this...