Alec40

Alec40

This part of trading is very unattractive to most people or simply performed incorrectly. There is nothing flashy about back-testing and it requires time, work and patience. Most individuals interested in trading will avoid this part of the job all together at first or use an automated approach to testing, leading them to failure after failure without ever...

Alec40

When it comes to trading the financial markets (any market), back-testing your strategies is an absolute must. Although past performance does not guarantee future results, back-testing your strategy cannot be skipped or rushed if you wish to be a consistently profitable trader. Back-testing can be done many different ways today. There are many good software’s &...

Alec40

There seems to be a a lot of confusion in the crypto space at the moment. There is no shortage of people saying that this is the beginning of a bull run in the crypto market, the same is true for those who believe crypto's will break down. There is no way to know for sure what will happen in ANY market without inside information therefore if you hear guarantees...

Alec40

Hey Traders, there has been some significant selling in the equities market over the past week leaving the Dow down 7.5% in 6 days! On the chart above, I have labeled a few Major structure levels. For those of you who have gone through my How to read structure tutorials- we can clearly see that price has been trading within a range for a long time. That range...

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Hey Traders, Here is Section 2 of the "How to read structure (Charts) Tutorial". In this Section, you will learn some of the methods that professional trend traders use to bring home a profit week after week, month after month, & year after year! In this Section, I will be explaining- - The Characteristics of a healthy trend (Chart 6) - A simple method that makes...

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If you have been trading or interested in trading for some time, I am sure you have heard some online "teachers" say that you MUST have a 1:3 or 1:5 R/R in order to be profitable.. That is absolutely FALSE! If you hear a "professional trader" say that, odds are they are not truly a trader.. A professional trader understands that R/R & win % are correlated. The...

Alec40

The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal....

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In this short tutorial, we will look at the three most common Double Top formations along with how to properly trade them and when/where they typically appear on a chart. Double Tops work very well as trend continuation patterns for the obvious reason that you are trading with the underlying trend (strength) in the market however, Double Tops can also be a great...

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Hey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the...

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The Dow Jones Had Its Biggest Point Decline In History Today After A 2.5% Decline On Friday. (See Additional Charts At Bottom Of Description) The Dow was down 1,600 points (6%) at one point of the day but ultimately closed down 1,175 points, down 4.5 percent on the day and roughly 10% from all time highs! The US Stock Market is now negative for the year after...

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Entry- 1.2440 Target 1- 1.2479 $1,161 Target 2- 1.2518 $2,334 Stop Loss- 1.2399 $1,236 ATR- 26 Risk/Reward- 2:1 Retest Of Structure In Trend Condition. Stop Loss order will be rolled to break even if target 1 is reached.

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Entry- 1.2422 Target 1- 1.2392 $1,180 Target 2- 1.2363 $2,372 Stop Loss- 1.2463 $1,628 ATR- 11 Risk/Reward- 1.5 $400,000 Retest Of Structure Within Trend Condition. Stop Loss order will be rolled to entry price (break even) After target 1 is reached.

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Entry- 1.2402 Target 1- 1.2439 $700 Target 2- 1.2472 $1400 Stop- 1.2365 $760 ATR- 13 $400,000 Retest Of Structure In Trend Condition. Risk/Reward- 2:1 Stop loss order will be rolled to break even (entry price) if target 1 is reached successfully. I will also cut my position in half if price exceeds the halfway point to my stop loss (1.2384)

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Hey Traders, we have a bearish cypher pattern on the EURUSD 15 minute chart that is set to complete at an important resistance level. This is how I personally like to trade the cypher pattern as it provides high probability trades. If price does retest the 1.19755 level, I will be entered into a short position. My first profit target has been set at 13 pips. If...

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Hey Traders, we have a Weekly/Daily Bearish Cypher Pattern on Silver, coming in at a previous level of structure resistance. Gold & Silver have had a nice run up and I believe this run will continue however nothing goes up in a straight line and if it does, it is an unsustainable move. With that said, I am seeing a healthy uptrend in regards to the metals & the...

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Hey Traders, Gold recently made a meaningful move higher & I expect this uptrend to continue however, as we know, nothing goes up in a straight line & if it does, it is most likely not a sustainable trend. I do not recommend taking a counter trend trade unless you have a specific strategy and trade plan that has been thoroughly back tested. I am currently holding...

Alec40

Hey Traders, I am beginning to see some signs that the major indices (specifically the Dow & SP 500) may be getting ready to give a little of this recent rally back. I am seeing a couple indications that a pullback is likely to occur over the next week or two therefore right now may be a good time to reduce overall exposure. As you have seen in some of my previous...

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Hey Traders, In this idea, we are going to take a look at the recent price action of Gold. I am seeing a couple different patterns that may indicate where the price of the metals are likely to go next therefore we will be taking a look at how I plan to trade these patterns with the probabilities in our favor! I will also be sharing a couple crucial elements to...