Building a Trading Plan
When it comes to the dynamic world of finance, a well-developed plan is the cornerstone of effective trading. Although it may seem that building trading plans is useful only for traders with little experience, a plan empowers any trader to make informed decisions. This FXOpen article will delve into how to make a trading plan that aligns...
You need to understand that most of the beautiful posts about the amazing life of a traders, airdrop hunters are complete nonsense and "fake it till you make it" life! Most people lose money in trading, and this applies not only to the crypto market! Therefore, on the channel we do not talk about stupid things like tothemoon, uponly, super-profitable meme tokens...
Good Morning Tradingview,
Apologies for the delay in my recent posts over the past two days. Unfortunately, this was due to an oversight on my part. I missed a key detail in the trading platform's rules and mistakenly included my watermark on the charts. As a result, several of my posts were removed, and I was temporarily unable to post for 24 hours. I completely...
Here’s a **top-down analysis** of the **XAUUSD (Gold Spot)** based on the charts and liquidity zones (LQZ) , starting from the **higher timeframes** to the **lower timeframes**. This approach helps to align trade decisions with the broader market context.
1. Weekly Timeframe:
- Weekly Flag Trendline: The price is testing the upper boundary of a long-term flag...
Greetings Traders!
Welcome back to today’s video! In this session, we're revisiting the critical concept of draw on liquidity. I'll guide you on how to take advantage of it with extreme market precision, focusing on when to trade, when to avoid the market, and how to increase your chances of high-probability trade outcomes.
If you're looking to enhance your...
Once you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it's easy to feel overwhelmed.
You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more...
You executed a fantastic trade on XAUUSD, capturing a solid 100 pips in 3.5 hours. However, there were additional techniques you could have employed to potentially capture more of the overall move:
Higher Time Frame Confluence: Ensuring the overall trend aligns with the smaller time frame breakout can give you confidence to hold for bigger moves.
Trailing Stop...
Xau/Usd Review with my trading personality
As a Whimsical Rollercoaster Enthusiast, your trading style is likely driven by the excitement of quick market movements and the thrill of capturing early trades. You're probably someone who thrives on dynamic entries, enjoys the fast-paced action, and may have a more intuitive approach to the market. Let’s blend that...
Traders,
The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules,...
In this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for...
In the fast-paced world of trading, success is not just about seizing opportunities; it’s about having a plan to navigate the unpredictable seas of the financial markets. A well-crafted trading plan is a compass that guides you, providing direction, discipline, and a strategy to weather the storms. Today, we’ll break down seven essential steps to building a...
SEASONAL TRENDS
Time to trade and time to rest
BINANCE:BTCUSD
There are not only days or weeks in the market with a high probability of working out trading patterns. But there are also seasons and months in which trade acquires its own specific characteristics, which may either offer favorable market conditions or be completely uninviting to...
US Economic Indicators:
We know about trends and trend changes, but why a trend changes?
The tops and bottoms of the market are determined by the fundamentals, like news releases, while the technicals show us how we get between those two points.
So a news release can be the cause or trigger of a trend change.
So it is to our advantage to at least be aware of...
Hello traders, today we will talk about Myths and Reality of Trading.
As you may already be aware, there are a lot of misconceptions that new traders encounter before they begin their trading careers. The following interpretations of those statements are presented on the layout:
1) The majority of individuals believe that trading is simple and that they can...
Here are 7 steps to consider before entering a trade. Pick one or multiple options for each step to incorporate into your plan.
🔷 Timeframe: This step involves determining the desired timeframe for the trade, which can vary from day trading on shorter timeframes (m15 to h1), swing trading on intermediate timeframes (h4 to d1), or position trading on longer...
Today, I'd like to introduce you to the 'AEM' framework – a three-step process to successful trading. This framework is designed for everyone, from beginners starting their journey to seasoned professionals looking to refine their strategies. It involves three fundamental steps: Analyze, Execute, and Manage. Let's break down each element:
🔍 'A' for Analyze
The...
📍Creating a trading plan and trading journal are two important steps in developing a successful trading strategy. Backtesting is also a crucial component of any trading plan. Here are the steps you can follow to create a trading plan, trading journal, and backtest your strategy.
🔷Define Your Goals and Risk Tolerance
The first step in creating a trading plan is...
