Hello TradingView world,
I have been trading for almost 15 years and have learned some serious lessons about trading and the markets. I have also been fortunate enough to interact with many great traders over that time that have helped me tremendously, however I still struggled for a long while and wondered why I wasn’t making the progress I desperately wanted to...
Before executing a trade it's very IMPORTANT that you know the exact amount of money you're risking on that trade so that you don't end up taking a very big risk. Suffering losses is NORMAL in forex trading and the only way to make sure that you do not get psychologically affected by your trades or to ensure you don't blow your account is by applying proper risk...
Losing is part of the game and the earlier you accept it the better it'll be for you. However, you shouldn't just lose. You should try and become as profitable as possible and all your losses should be clearly calculated and expected but not hoped for. That way the loss will not weigh down on you and affect you psychologically.
There is a trick that market makers use and that is to create consolidations in order to induce retail entries. In text book practice, retail traders will always view a resistance or support level that has been tested more than once as a strong area to do entries because they feel it will hold price. As a result they put stop losses above or below the entry and...
Liquidity runs occurs when price gives a false break out below a support or above a resistance and the purpose is usually to take out the stops or liquidity lying around those areas. This liquidity is then used by market makers to open their large positions in the opposite directions. When a false break out occurs below a support, stop losses belonging to retail...
So let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish...
SAVE THIS!
In order to be profitable in the Forex market, we must follow some very strict rules and even imposed by us when we make our TRADING PLAN.
First of all you have to trade with our own money and so you can eliminate a major pressure.
Then respecting the TRADING PLAN and having a very good RISCK MANAGEMENT, from my point of view it is a bit difficult to...
Whatsup traders! In this video I will be talking about the difference between efficient and inefficient price action. Once you understand this concept, you can incorporate it into your trading and utilize it to find targets and setups!
I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply...
