Stop loss order is the order that automatically closes your trade once it reaches a specified price target. Learn all about it here. Table of Contents: 🔹What Is a Stop Loss Order? 🔹Why Stop Loss Orders Matter? 🔹Setting Stop Loss Levels 🔹Types of Stop Loss Orders 🔹Adjusting Your Stop Loss Orders 🔹Summary In trading, reducing risks is oftentimes all that matters...
Diversification is a market strategy that enables you to spread your money across a variety of assets and investments in pursuit of uncorrelated returns, hedging, and risk control. Table of Contents What is portfolio diversification? Brief history of the modern portfolio theory Why is diversification important? An example of diversification at work How to...
But not by any of the brokers..... They are rigged by OUR OWN MINDS Let me explain..... You start learning how to trade, all the lingo, and even some strategy. You start a demo account, doesn't matter where, and just start trading You do it just like you learned, from where ever you learned it. Indicators, check, do the analysis, check, major levels,...
I'm very active in a few communities (the Tradingview official Discord for example) and one of the most asked question is: How do I start trading? Let me try to give you a blueprint on what to do to at least get some foot in the ground! Lets make something clear: you are learning a new job here! thread it that way and you will have the best chances! (No job on...
The obvious part if you've understood all the previous posts. It's easier to start with how Not to trade . Wrong - cherry picking "strong" levels. Every level is a level, not better & not worse than another one. Choosing the supposedly strong levels is a subjective thing that reduces expected value & consistency. Right - operating at each level on a given...
The default parameters in Master/Last Candle (MLC) indicator are used for the standard timeframe 1D. Due to the difference in nature between bars of intraday timeframes and bars of day-and-above timeframes, some settings could be changed as below to make the indicator tailored to your case. • Increase default Max Volume Drop % from 25 to 30. We have seen a case...
Hello traders, I meant to publish this in the morning but I got pulled away on something else. It seems my analysis would have been correct, so I'll share this now. This method is just one of many ways a trader can identify trend direction and entry/exit points at the beginning of each day. To start... I identify all patterns and indicator setups that...
This HOW-TO tutorial will show how to use markers and the channel fill to re-enter and exit positions. 🪐 SETTINGS (Indicator 1) Mult: 1.25 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.9 Top Markers: OFF Bottom Markers: ON 👩🏫 COMMON PATTERNS 🗠 A After the appearance of a fake primary top...
This HOW-TO tutorial will show how to use both markers and the channel to successfully predict price reversals. 🪐 SETTINGS (Indicator 1) Mult: 1.55 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.85 Top Markers: OFF Bottom Markers: ON 👩🏫 COMMON PATTERNS 🗠 A & G As price stabilizes after a...
This HOW-TO tutorial will show how to setup the Mult value and how to use primary and secondary markers. 🪐 SETTINGS (Indicator 1) Mult: 1.7 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.85 Top Markers: OFF Bottom Markers: ON 👩🏫 MULT The Mult value has to be set anew for every symbol...
A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their...
Introduction: This illustration explains the minimum Risk-To-Reward ratio needed based on your average win-rate while using a fixed % risk amount. "Risk-To-Reward ratio": The ratio of what you stand to lose compared to win. "Fixed % Risk": A static % amount of your total account balance at risk per trade. "Fixed Dollar Risk": A static $ amount at risk per...
How to succeed in trading. Gold follow up.
Hello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the...
SWING OPPORTUNITY in ACC
Gold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price...
I've already written my "Trading Recap" blog post for today but I wanted to share something with you guys. For you guys that have been following along with my blog you know that I've been working on an article looking at professional athletes and professional traders. One of my main comparisons is the amount of preparation and review that both do. Just like...