One of the most common questions from new traders is "when should I take profits?" There is only one wrong answer... that is to NOT have a plan!
I personally take off 75% of my position at a 3:1 Reward Risk Ratio target. The reason I do this is to give my strategy a mathematical edge when dealing with winners, losers, and in between.
Hello TradingView Family, Rich here, and in this video, we will cover:
1- How to Make Top-Down Analysis
2- How to enter with extra confirmation
3- How to put the odds in your favor
Enjoy it 👌
All Strategies Are Good; If Managed Properly!
~Rich
Hey all!
Heres another video that can help you all get your trading on track!
In this video we go over 4 ways to improve your trading, and overall become a better trader by focusing on,
- Having a complete system
- Managing your mindset
- Trading less and focusing only on the good trades
- learning from your losing trades
If you enjoy the video and it helps...
In this video we go over the 3 types of forex trades, the bad, the good and the great!
These tips are short and direct, but hopefully they are a wake up call to help you to start focusing on the good and great trades by being patient and disciplied!
I also go over our XAUUSD long trade!
Happy trading all <3
Hey hey!
Happy weekend to all the traders out there!
In this video we go over a little bit of specific education on what failing traders do daily that you need to STOP if you want to get profitable!
We hope that you enjoy the video and do let us know if there is a specific subject you want us to cover in the next one! Just leave a comment below!
Hey hey traders!!
Setting the "right" stop loss is a vital skill, yet for many traders... its a random act. This video will help you find stcutrue in setting the right stop loss, a stop loss that has the best chance of not being hit and allowing your trade to workout!
For us that comes down to basics:
1. Use the ATR value
2. Enter only via the fibs (definite...
Hey all!
Since many of you like our educational videos, here's another one for ya!
In this video we go over 3 excellent yet simple ways you can become a better trader!
They are:
1. Focus on price action, after all that's the markets language
2. Control your internal dialogue (mindset is king!)
3. Prepare a watchlist, then a trading plan and trade your...
Hey all!
Happy weekend and I hope this week has been good for you, in profits or lessons!
In this video we go over 4 insights that if followed can and will make you a better forex trader!
We hope the video helps you in one way or another, and if it does our job will be counted as a success!
Have a great weekend!
PS: We go over our BTCUSD long trade too!
YO TRADERS,
This is just an educational post.
Just thought of sharing how this HnS pattern formed and moved in the direction as expected. The video recorded is self explanatory on the formation of the pattern (Left shoulder - Head - Right Shoulder) formed between 3rd June 2020 and 11th June 2020.
As you can see in the video this is perfect HnS pattern forming...
Here's a short video for any new traders who want to learn the basics of elliot wave analysis. I made this for a friend but thought I'd just post it on a public platform so it could help others as well.
Pardon the quality! I've never made a video before so shall continue to improve in the future :)
In this video idea, I share how to create indicator settings configurations by creating a new input with a set of options that will automatically adjust your indicator or strategy based on pre-defined values.
Hello,
This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features:
- line.get_price() - a function used to get the price of a line object on the chart at a specific bar value
- label styles - how to use the new styles added into Pine for your...
A look at the hourly chart.
This shows that the best trade to take in the EURJPY is a Buy trade.
Buyers took price above the Sellers.
We must now wait for an entry.
Hi Guys, before you watch the video, look at the analysis i have attached below for reference about what i cover in the video.
If you have any questions,do drop them in the comments below or message me.
