We just took our first trading loss in two months on the GBPJPY short that we initiated a couple of days ago. I always welcome losses when they are controlled and within the confines or our trading system , which this GBPJPY short was. Why is that? Because I know that every loss is one trade closer to the next big win. And having a 81% success rate since the...
"BTC is not out of the woods yet!!" What a ducking cliche to say!!! While there are many analysts forecasting moves up to 12k or 14k and beyond already(though very plausible), it will definitely not happen from the current levels i.e. 10.8k. Two important trendlines on the way up haven't been touched yet and BTC never leaves a trendline untouched! 10.9k area...
Using proximal and distal lines to mark channel extremities takes emotion and guess-work out of swing trading! Furthermore, using multiple timeframes allows for more accurate timing and thus more control over risk/reward. As can be seen here, proximal and distal lines were used to highlight reversal areas on both the top and bottom of the channel. Then, using a...
VECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading...
Bearish symmetric pattern formed for a long term view
Hey TradingView In this video I will be going over a swing trade from this week and breaking down how this trade could impact a trader's psychology both positively and negatively. I also cover some easy to implement strategies that will make it much easier for you to let your winners run. It really bothers me how little attention seems to be devoted to trading...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Key Trading Strategies There are four key trading strategies, which are Day, Scalper, Swing and Position Trading. a. Day The day trading is the method in which the buying and selling of securities are done on the same day. The professional traders who are commonly known as market makers generally do it. b....
Video contents 1) Recap of a losing trade (why the trade was selected. negative points against the trade and positive points for the trade) 2) The sneaky entry! (combining stop loss element of a lower time frame setup with the targets of a higher time frame setup) 3) My trade management style 4) The eternal battle of risk to reward vs accuracy
Contents of Video: 1) How I approach looking for a Bearish and Bullish outcome on my trades 2) Identifying actual trade triggers that make me take one side over the other 3) How you can easily switch from being a bear to a bull and vice versa 4) Go back on your losing trades!! Spot the reversal patterns that caused you to get stopped out. Apply this hindsight to...
Video Contents: How I use the same concepts over and over to setup my watchlist each week (forex, indices, commodities, metals, crypto) * I focus on finding high-probability trade setups with good risk to reward * These setups can be either trend reversals or trend continuations. The actual direction of the setup doesn't matter * What does matter is WHERE on the...
This is the first update for the video series here to grow the paper portfolio on TradingView in an attempt to beat the 'S&P index real time. Normally, I will compare the portfolio to the market, talk about weak vs strong stocks and sectors & go into what I will be changing moving forward. The portfolio has been able to get ahead of the general market and below...
This is the introduction to the video series here to grow the paper portfolio on TradingView in an attempt to beat the S&P500 in real time. The reasoning behind this is that it is usually difficult to start trading stocks especially because you don't know what you don't know. It generally takes a couple of years for a trader to make a whole bunch of mistakes,...
Hello Traders, If you follow my Bitcoin analysis, you probably know that I gave early warning about potential Bitcoin dip this morning. $6500 is definitely a becoming a major resistance and Bitcoin needs to go above this level in order to have trend reversal. However, this does not mean that you can't make money. Bearish breakout is as volatile as bull market,...
Hello Traders, Here I am again with an interesting but extremely helpful lesson. I’ve given you plenty of time to go over Lesson 1 and Lesson 2. This lesson is going to be a little longer as I have tried to be as simple as possible in my explanation. So, let us get straight to it. Get a pen and a paper if you want to make notes. It’ll be helpful. I learned this...
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles...
What do you prefer? Day trading or swing trading?
This idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signal indication. The idea is to catch a Trend direction swing and stay with as long as possible. The 10pip Renko bricks give...
For my newer followers or those that missed this post previously, here's a generic trade plan explaining all those horizontal lines on my charts. Notes on the image should be self-explanatory. Minor and minute waves are shown, but this method can be used on any time scale / Elliott Wave degree. Learn more about trading Fibonacci Pinball from the pros at...