Do you fell stressed with trading? 😒🙎♂️😰I want to start the morning by not posting a usual trade idea setup.
But to talk more about the methods I now use for my trading and how they have alleviated negative feelings which can occur with trading.
A while ago I opted to switch to an systematic objective based approach for my trading.
This was down to numerous factors which you will find on the drawings in this idea.
Since adopting a objective based approach with set rules coupled with rigours back tested strategies.
All of the subjective traits you see on the left of the idea drawing have disappeared.
And all of the objective based traits seen on the right idea of the drawing have now become the norm in my trading life.
When laid out in the drawing of this idea it's hard to think why you wouldn't adopt these behaviours to your trading.
I hope this gives you all food for thought as we start we the trading day.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
Tradingsystem
Best moving averages strategyhere you will the best trading strategy based on exponentional moving averages
you will 3 moving averages
EMA : 50
EMA : 25
EMA : 10
when EMA 10 cross both EMA 25 AND 50 you will open a trade
Take profit 90 pips
stop loss : below last low for buy trade
above last high for sell trade
exit trade also on opposite cross
recommended to use trailing stop to secure profits
This strategy have up to 90% success rate
use it on demo to become familiar with it for at least 2 weeks
if you like my strategy you can like and share and if you find it profitable and help you to make profits you can offer me some coins cheers
best regards
follow me
www.tradingview.com
Proper Preparation + Process = PROFITS!Happy Monday Traders!
In this video we go over exactly what you need to do daily to become a forex trading champion!
In short, to achieve success in forex day trading all you need to do is do what airplane pilots do... follow a check list, apply your process and have a destination!
See attached other valuable videos we have released that can help make you a better trader!
4 Proven Ways to Become a Better TraderHey all!
Heres another video that can help you all get your trading on track!
In this video we go over 4 ways to improve your trading, and overall become a better trader by focusing on,
- Having a complete system
- Managing your mindset
- Trading less and focusing only on the good trades
- learning from your losing trades
If you enjoy the video and it helps you give us a like! it helps us too!
My trading method, using the ema 50 and the ema 200 Keep it smart & simple
Let history be a good lesson, keep reviewing and questioning your investing methods.
I mainly use the 50MA and 200 EMA to time my entries and profittaking. Keep it simple and easy, investing like this helps you sleep at night.What to do with profits ? Stablecoins at 8-10% APR.
On my chart, the green marker are points i would take profits, take small bites, don't sell out all at once, don't ALL in (unless we are at All time lows i would consider).
On the pink marker, i would buy, DCA, DCA more. Good luck !
1 buy low
2 buy lower
3 pile up even LOWER when people are in UTTER DESPAIR and start flamewars on telegram
1 sell higher
2 sell high
3 sell HIGHER when people are posting LAMBO pics on telegram
An insight into becoming a better trader!Hey all!
Happy weekend and I hope this week has been good for you, in profits or lessons!
In this video we go over 4 insights that if followed can and will make you a better forex trader!
We hope the video helps you in one way or another, and if it does our job will be counted as a success!
Have a great weekend!
PS: We go over our BTCUSD long trade too!
A trading system for rookiesThere are many trading systems but most of them are very complicated for the novice trader.
The 30d/200d SMA trading system is simple, easy to comprehend and gives few and reliable signals without many false signals.
The trader has to draw the daily diagram of the stock. Next they have to install three simple moving averages of prices, the 30d SMA, the 200d SMA
and optionally the 9d SMA (to track the price formations).
Price movement below 200d SMA most of the times signals the change of the stock’s long term trend to declining and this is the reason we must never buy
a stock below 200d SMA. Correspondingly, price movement below 30d SMA most of the times signals the change of the stock’s midterm trend to declining and
this is the reason why a new trader must never buy a stock below 30d SMA.
Following these two rules, a new trader can avoid getting trapped in a declining trend that can diminish their capital.
New traders are unaware of the risk of holding a stock with a downward trend. They are carried away by the excitement and hope of its prices returning to
the levels they bought it and do not sell it. So, when they now have a loss of 70-90% in the capital they invested, they are seized by panic and sell the share
at humiliating levels, losing their money. This is also the main reason that the 90-90-90 rule applies, i.e. 90% of new traders lose 90% of their capital within 90 days.
The second important reason is that they follow the very short-term trend of the share that gives repeatedly false entry/exit signals, so they do too many
transactions that lead them to big losses. Only very experienced traders can successfully track the short-term trend of a share (minutes, hours). My opinion
is that a new trader should follow the 30d/ 200d SMA trading system, which applies in the daily stock diagram, and leads them to a small number of transactions
with minimum risk. In fact, this system, if firmly followed, may lead them to big gains.
Later when a rookie trader gets experience, they can use the same trading system for shorter timeframes i.e. in stock diagrams of 1 hour, 30 minutes,
15 minutes and so on, timeframes.
A complete list of guidelines for the novice trader is presented next. I am sure that following these guidelines, a novice trader can beat the 90-90-90 rule.
You can’t beat the marketToo many who are engaged in trading, try to guess what will be the exact short-term future course of the traded security (stock, commodity, etc.)
they are dealing with. Behind this futile effort is our ego that is convinced that we are smarter than the rest and so we can predict how the security
will move in the short-term, to take a suitable position and beat them.
I remember myself planning on paper, many years ago, how the market will move and making scenarios. Every time I broke my face, and so I realized that,
almost always, it is impossible to predict the short-term course of the market. I write almost always because sometimes your predictions actually come true,
but that's because the market wants it because it's a trap.
Now I want to be very specific about what I mean by the vague term ‘market’.
There is a widespread opinion that prices are formed by all of us who participate in the market through supply and demand – bulls and bears.
This view argues that an institutional investor or fund managing billions and a micro-investor have the same weight in market price formation.
Of course it goes without saying that this is not the case. The smart money (institutional investors, funds and powerful individuals) and the general public,
the small investors, are both shareholders in each security. Everyone aims to buy cheap and sell high. The truth is that only smart money has the means to do it.
So when I'm talking about the market, I actually mean smart money and its mechanisms because it is the smart money that shapes prices.
Thus the goal of the market is the following:
1) To get the public to sell at the lowest point possible during a crash, so that the smart money can buy at the cheapest price possible.
2) To get the public to buy at the highest point possible during a rise, so that the smart money can sell at the highest price possible.
So the small investor has to deal with the smart money and that is why it is extremely difficult to win in this fight, at least in the short-term.
Smart money with its means is always a step ahead because it controls the game. That's why you have to accept that it's almost impossible to beat the market in the short-term.
You cannot predict how it will move because it has all the current data (which you do not know) and will make whatever moves it takes to deactivate as many traders
(bulls or bears) as it can. The market is a master at deception. In each phase, the short-term course of a security has infinite ways to move and each pattern has the potential
to transform to a different one, depending on the positions taken by the other players in the market.
Here is an example where some of the possible metamorphoses of a formation are shown.
So if you can't beat the market and you can't predict its short-term future moves to get a suitable position, what can you do?
You can 'read' the movements made by a security in the past, using the tools of technical analysis. So you can see what is the long-term (years), mid-term (months)
and short-term (weeks) trend and understand the market's intentions for the future, i.e. whether it is intended to follow an upward, downward or lateral path.
Once you've made it clear what path the market wants to take, instead of trying to guess its short-term future moves, you need to focus on what market is doing NOW,
right now, and once the technical analysis gives you a medium-term input signal to hook up to the path the market has set until you get an exit signal, ignoring the short-term
misdirection moves it will make.
This is the technique of following the trend - you may have heard the saying 'follow the trend, the trend is your friend'. Here I must stress that if you are wrong about
the intentions of the market and follow the opposite path you must accept your mistake and close your position by taking your losses as long as they are small.
If you are a beginner or do not have sufficient knowledge of technical analysis, it is probable that you do not understand what I mean in the previous paragraph and I,
on the other hand, cannot make up for them in the space and time I have by making detailed explanations. That's why you should read books on technical analysis and
get the experience needed in real, in my opinion, conditions with little capital. Only if you lose and hurt, will you be forced to reflect on your mistakes and eventually
gain meaningful knowledge and experience. Then you'll be able to better comprehend what I mean.
Summarizing,
1) You can't beat the market in the short term. You can't predict its short-term future moves, so don't get carried away in short-term trading.
2) You can, with technical analysis, decode past market movements, determine what the long-term, mid-term and short-term trend is, and understand its intentions for the future.
3) You can monitor the movements that the market is making now and follow the medium-term trend it creates once you get an input signal from the indicators of technical analysis.
4) You can let your gains run.
5) You can exit the medium-term profitable trend if it goes to reverse as soon as you get an exit signal from the technical analysis indicators.
6) You can cut your losses early if you misdiagnosed the market's intentions.
A suitable system to implement what I mention above is the 30d/200d SMA system, which I have described in my post entitled ‘a trading system for rookies, simple, profitable
and capital protective’ you will find here
In fact this system is not only for beginners but also
for traders of every level who can simply, due to experience, apply it in the short-term.
Disclaimer
The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent
financial advice from a professional to verify any information provided here.
The 4 Reasons Traders Fail!In this video I go over the 4 reasons traders fail and give you a few tips to fix that!
The reasons are simple,
1. Not having a complete trading system
2. No possesing specific skills
3. Having limiting beliefs
4. Not having self-discipline
I hope this video helps to make you a better trader! and if you liked it, give it a like and a comment it will help other traders see it and help them too!
BTCUSD Buy (to 20k) and exaclty how we enter tradesThis tutorial explains how we take trade entries, its as simple as this!
We use a complete trading system that governs every aspect of our trading, from entry to exit. We put high emphasis on position sizing and we only use the Fibonacci retracement to enter trades
TRADING SYSTEM(Process) Part2Business Process Architecture, ... is a description of the organization's business model and strategy, its goals and its performance metrics
A Trading Process Architecture is the overview of a set of trade processes that reveals their inter-relations, which may be extended with guidelines to determine the various relations between trade processes. Having a trade system process architecture in place provides guidance for the actual modeling of the involved Trading system processes
🔁Synthesis of elements in the trading system🔁 Hello💋💋 Today we are talking about synthesis of elements in the trading system .
When we see that a certain component of the system performs a certain function very well, we design it as a separate unit, that it can be used when it is necessary to perform a specific function peculiar to it.
Each component of the system must be carefully checked BY YOU, and effectively solve the task assigned spesialy FOR YOU.
Before proceeding directly to the development of a new trading system, it is necessary to arrange all the components of our set into a certain structure in accordance with the general scheme by which the new trading system will be built.
Do not be afraid to mix these components. Try to find what suits you and what pleases you. And of course it brings profit !!!
We'll go a looooong interesting, sometimes painful way to become successful traders!💪🏻💪🏻💪🏻
Stay with me💓
I love you and I appreciate you🙌🏻💋
YOUR Rocket Bomb🚀💣
😎 Steps for building your own Trading System 😎Today I wanna said to you some steps for building your own trading system💪🏻
⭐ Step 1 - Explore Everything Created Before You
📌Analyzed markets
📌Methodology used
📌Depth of detail
It's possible, that you don'tneed a trading system, and you'll engage in discretionary trading, that is, trading by intuition.
⭐ Step 2 - Find Your Regularity
In order to create your successful trading system, you must know something about the market that others do not know.
Decide on the type of market in which you will work and the trading style.
⭐ Step 3 - Formulate Your Strategy
A profitable strategy, as a rule, is based on some idea, observation, a subtle market pattern, which is repeated often enough to be used in trade.
⭐ Step 4 - Test Your Strategy
Testing should be as correct as possible, objective and not leave a field of activity for speculation and illusion.
Don't forget about self - evolve and don't be afraid to analyze your mistakes. All of this will definitely lead you to success! 💪🏻💪🏻
✍🏻If you like my edu posts - put me likes and write your thought about it💙💛
Stay in touch with me💋
Your Rocket Bomb🚀💣
Below you may read about trading plan 👇🏻👇🏻👇🏻
How to trade Cup & Handle Pattern | C&H Tuturial with ExampleCup and Handle Chart Pattern Tutorial with Example below !
Stay Tuned ! In the next educational post i will write about psychology of trading Chart Patterns and strategy of How to successfully trade few chart patterns in detail.
Cup & Handle : Cup & Handle Pattern can be seen both as a bullish continuation or bullish reversal pattern. A bullish continuation C&H pattern forms when there is a
preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend
reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout.
Inverted Cup & Handle Pattern : Inverted Cup & Handle Pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern.
A bearish continuation C&H pattern forms when there is already a preceding downtrend and after a Inverted Cup & Handle pattern is formed followed by a breakout the bear trend
continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish
trend from a bullish trend after a successful breakout of the pattern.
(In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns)
The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the verticeal
distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with
Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H
pattern.
Stay Tuned; 👍
Like this tutorial & share your comment below and also
check other tutorials with example linked below;
Thank You-
less effort more profits trading systemA trading system that provides you with with a 85-90% success rate with also giving you more time off the charts.
This system will equip you with the following before you even enter the trade
1. Entry - This trading strategy will show you potential entry levels
2.Exit - Before you enter the trade you will see all the potential take profit levels then you scale out and also you will see your stop out area remember you have all this information before you enter the trade.
3.Risk mangement -With the information you have accumulated so far this equips you with another skill of risk management which is very essential in trading because your risk mangement will determine whether your account grows or shrinks. So you are given the opportunity to weight the risk and decide if the trade is suitable to you, the good thing about this system is that you will always have a trade no matter which market session we are in so even if some trades are not suitable for your account you know something is just around the corner
4.BONUS - This does not need all of your time just a few hours on weekends and a few minutes everyday thats it, literally 10-minutes a day to check on your trades.
5.FOR INQUIRIES ABOUT ACCOUNT MANGEMENT NOTE MINIMUM REQUIREMENTS BEFORE INQUIRY
$250 ACCOUNT
50/50 PROFIT SHARE (THIS EXCLUDES THE INITIAL DEPOSIT MEANING YOU KEEP 100% OF YOUR INITIAL DEPOSIT)
CONTACT ME ON +27813970839
2 day Chart Trading System 2013-2019 = $9,200,000 2day Chart
Buy:
Price closes above 20MA but the 20MA must be in an upward direction
or
(10) EMA over the (20) EMA (which ever comes 1st)
Stochastic RSI upward but at least 1 line not above 80
MACD bullish
If all rules are met buy on the next 2day candle
Sell:
Sell ALL if the 10 EMA closes below the 20 EMA But wait for another 2 day candle to pass than Sell on Open.
If you have bought in on 20MA and 10EMA has not crossed 20EMA and Price has closed back under 20MA sell on the next candle Open.
Initial outlay $5000 beginning 2013
End up with $ 9,270,144.91 by the end of 2019
Buy price Sell Price
14.24 108.01
101.5 690.62
487.13 586.42
435.33 344.96
240.91 234.23
237.31 204.77
235.23 404.70
442.08 568.01
607.03 1039.02
1183.71 2225.79
4342.52 12771.19
6754.43 6436.14
3866.03 10092.58
12014.09 10361.36
USDCAD ACTIVE SELL TRADE [SYSTEM EDUCATION]we use a very unique trading style, a system we completely created from scratch, its a pretty simple system yet its very effective!
This video explains what we are doing with our active sell trade and showcase what we plan to do, we also go over a summary of why we are selling this pair!