Hello everyone, This morning was a great chance to show the power of using Standard Deviation (STDEV) for targets. I usually put it on the London session. That's what I've done here. As you can see, the levels are almost identical to the ones marked using market structure. This is another useful advanced tool that can add to your arsenal to help bring your...
Becoming a successful trader requires more than just simply buying and selling assets. To be consistently profitable, traders must create and stick to a well-designed trading plan. A trading plan is a detailed document that outlines a trader's approach to the market and establishes rules for each step of the trading process. The following are seven key aspects...
BINANCE:BTCUSDT Some Of the Main mistake's Beginner Trader often make ; * Trading without a trading plan. Every trader needs a trading plan. * Trading too much, too soon. * Emotional trading. * Guessing. * Not using a stop-loss order. * Taking too big positions. * Taking too many positions. * Over leveraging.
what's up everyone we are speaking on how to figure out your goals and how to really get to the core of them. To find out what your heart really wants and then how to use your targets to achieve your GOALS. 30 Day Challenge: - Write goals 2X a day Rising/ Night - if you feel angry or upset write goals again - write you goals the first time and 10X it (must...
Educational video on the different approaches to setting targets & the importance of having a certain mindset when looking to take profits
EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first...
Hello, in this educational post I will be talking about why having 2 or 3 TP targets is good. As an example, I will be using one of the trades I have running currently on EURUSD. My initial target for this short position is to hit the lowest point of yesterday and it was going well until a pullback happened which is currently happening right now and probably...
RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
8 Bear targets analysed - Caveat small sample size
You took a short position when you break through a symmetrical triangle in a downtrend. Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle. Then the price as expected continued its downward direction having broken the borders of the rrectangle. Now...
The target for a pennant breakout should be determined by the height of the pennant In this example the height was 165 pips. The price reached broke out and reached 161 pips. Of course, it's not always perfect but it's close enough. A similar example can be seen in last weeks pennant break out on EURUSD. However, on the EURUSD example, when price broke out it...
In the most recent BTCUSD dip I made a series of mistakes that put me in a slightly nervous position overall, but still generally favorable. Over a series of trades I managed to find myself in a position with an average buy price of $7486.13. Trading profitably on the dips I reduced this average buy price to $7348.21. Throughout this series of trades I had...