1 Month Goal: Documenting the trades, 100 trades in 20 sample size. First 20 trades is sample size on demo, second 20 trades are tweaked strategy, 3rd 20 trades check the consistency, 4th 20 trades with actual money and last 20 will be the final product with the winning strategy. All of them don't have to be the winner. By the end of the month I like to see...
How do normal intraday traders determine Target profit? 1. Using Win/Loss ratio? 2. Fix Certain points per day only. Using this method usually limits our profit during a strong market trend. Another way to maximize profit during market trending by rank is : 1. Wait until 15min have reversal CS. 2. Understand FCPO daily price range (Normal Trending:...
A trader who is in a bad mood should think about taking a break. The easiest way to determine when a BREAK from trading is needed is to first assess your current emotional state and performance. - Do you constantly close the trades couple of seconds/minutes after you opened them, chaning your mind? - Do you spend all day "burning" your eyes, watching charts...
It's Been Six Months since I started doing Forex and taking this very seriously. But at the beginning, It was very scary but a few things which I must be shared which you must be Avoid to starting this business. I know, I'm new or not a professional yet but what I faced and what thing should we avoid or follow to get started trading. And these points are only...
You can use this method to download data for the chart and associated indicators on to a csv file which can then be opened in Excel. Post that, you can use any of the Excel tools to do backtest on the data that has been provided.
This video is part 2 of an ongoing series on trading psychology. Overview: - How having an analytic methodology is the foundation for everything - Risk management follows from having an analytic methodology - To develop strong trading psychology, we must have an analytical method and a risk management strategy
Bites Of Trading Knowledge For New TOP Traders #4 --------------------------------------------------------------- What is the role of a financial custodian? – A custodian or custodian bank is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost. Custodians are responsible for the safety of...
Bites Of Trading Knowledge For New TOP Traders #3 --------------------------------------------------------------- What is liquidity and what is its significance? – Liquidity refers to the availability of a product and ensures market participants have the ability to buy and sell easily. A liquid market increases the likelihood for finding a counterparty...
Bites Of Trading Knowledge For New TOP Traders #2 --------------------------------------------------------------- What is the Notional Value of a Futures Contract? – Notional value of a futures contract is how much total value the contract theoretically controls. Contract Size * Underlying Price = Notional Value. Bakkt ® Bitcoin (USD) Cash Settled...
Bites Of Trading Knowledge For New TOP Traders #1 --------------------------------------------------------------- What is Hedging? – Hedging is the action taken through the use of a financial instrument to minimize the loss or risk of the loss of value of an asset due to adverse asset price movements. Who are Hedgers? – Hedgers are market...
Hi guys As I promised in the previous post about influencers, I also posted the second part for you, there are 6 other people on my list, and if the number of likes reaches 270, I will post it for you as well. ✨1.Loomdart(@loomdart) Loomdart is a cryptocurrency analyst and veteran trader who has been actively dishing out well-researched, pertinent trading and...
Hey traders, I vividly remember how I started to trade 8 years ago, how I was learning, and the things that I was doing. Contemplating my old self, I notice a dramatic shift in my mindset in regards to trading. Staring at the charts and desiring to make money on price action, I wanted to become a consistently profitable trader. Making the priorities, I decided...
OANDA:GBPUSD confluence trading is just multiple reasons stacking up in your favour to take the trade. you should always have some sort of validation to take a trade... my trading style consist of fibonacci levels, psychological levels, support resistance, trend line bounces and much more. one thing to remember is the more confluences you have the more confident...
we are on wave B corrction. published for review and practice
My thoughts about performance. This kind of info is not very available so I have to do some guesswork. We that spend all day in front of the computer expect to get better returns than 10% a year. But we have no idea what is possible and where we "rank" compared to others. All academics look at ever is day traders, yes 99% of day traders lose money and 1% earn...
The highest liquidity and volume in Forex daily is from end of Tokyo session to end of London session. This is best 12 hour time frame time to trade Forex is in between those times, if you are scalper or day trader. Noted on 1 hour chart of AUDUSD is noted times from 10 p.m. to 10 a.m. (PST/CA/USA times)= you need to change to where you live. What happened...
Do you want to get better trading Forex? if yes, only way is to put in chart time and do your homework. On naked daily charts (only price action): 1) Find one, two or three day candlestick patterns. both continuation and reversal. What are they? * Chart: in purple rectangles. 2) Find price action key levels ( only xx.000 noted on example chart) 3) Is current...