The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss. Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are...
I share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show. This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill. ...
This is a great first post!!! So recently we transferred from our other tradingview accounts and decided to start afresh, again with a trading view orientated around our Fund W2 Capital - Select Alpha, and our trading community W2 Trading!!! with that in mind as we near the end of January 2020, Bradley and I spent some time conducting our A.S.R and going over...
Simple explanation about trend, support and resistance. A trend can move in two directions. An uptrend defined by higher lows and higher highs, or a downtrend defined by lower highs and lower lows. Then there is the sideways phase . As the name suggests, there is no trend here. The trend line will be pulled upwards along the significant lows during an...
History Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader. They were introduced to the Western world by Steve Nison in his book, Japanese Candlestick Charting Techniques. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis. In Beyond...
Summary Introduction Type 1 Type 2 Type 3 Conclusion Introduction Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference. This is what I know about myself: 1- Strong trends Examples: Ways to define these strong trends - Eyesight - With a momentum...
I've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it. I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however...
Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools...
Price on a given time frame is in an uptrend if it is making higher highs (HH) and higher lows (HL) and in a downtrend, if it is making lower highs (LH) and lower lows (LL). If the price is doing anything else, it is in a consolidation pattern – range, triangle, pennant, rectangle etc. The trend is considered in place until price is no longer making higher highs...
In this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding. I show how I made a decision to short. I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what...
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...
Hey guys, quick another Trendfollowing-Strategy with three EMA`S easily to remember. :-) I hope you enjoy it and that this is going to inspire you! Peace and happy learning Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need detailed saignals or education? PM me. :-)
I have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the famous Turtle Trading strategy. There are a number of good books written on this strategy and you can find the details rules online. On all of the pairs I tested the Turtle Strategy (version 1) performed best. The Turtle Trading strategy is a systematic...
I have found out that the best breakout trades occur when a trader does the following things: 1. Finds an area of consolidation under and area of significant support if you are selling and or above resistance if you are buying. 2. Split your position sizing into 3rds so you would be able to enter at least three times because there is a very big chance for false...
It can be a very daunting task to create a trading plan/strategy that fits you without conflict. There are a lot of obstacles that inhibit the average trader from leaving a profitable trading plan or strategy as it is. Even I struggle with this which is why I have decided to publish this article. After much reflection, I have come with a few metrics you can use to...
Trend following is not easy because: 1. Finding trends requires a high level of attention to detail. 2. Removing disbelief as an emotional response. 3. Having lots of patience. I explain a few difficulties I've encountered.
This is a very descriptive example on how a trader can find high probability trades that are very unlikely to reverse. The markets are full of fractals so this strategy should be good for any timeframe but I highly suggest you use these timeframes as follows. If you place trades using the 4hr, use the daily for trend (example on the chart). If you place trades...
Risk & Money Management Risk management, in my opinion, is equal in importance to psychology because it allows your trading strategy/edge to play out by keeping you in the market equity wise. There really isn’t much to risk management other than its number one rule, never risk more than 1% per trade. Risking one percent per trade allows your trading system to...