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Contraction-expansion

DAY TRADING! Contraction & Expansion Strategy! BUY GOLDOkay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader. If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these 2 traders take the opposite side of a trade, do you know that there is a high chance that both of them will end up losing money? Let that sink in for minute..... However, on the other hand, if you take 2 pros and have them take the opposite direction of each other, chances are they will frequently end up making money! Very interesting isn't it? So everything comes down to money management! I was having a similar discussion with my traders about this today that's why I've decided to say something about it on this analysis. You guys are already used to my strategy anyway so I don't really need much explanation but feel free to check out the last post I did on gold. As always, any opposing comment, views, arguments or feedbacks are welcomed.
FX:XAUUSDLong
by Joseph_Yabwa
42
DAY TRADING! EURUSD The Small Picture! BUY EURUSD My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward direction but don't forget the importance of the middle line! Me and my group have already placed our trades and we will manage it accordingly! Any opposing views, comments, arguments or feedbacks are welcomed.
Long
by Joseph_Yabwa
88
Day Trading! Contraction & Expansion Strategy! BUY GBPUSDDo you ever wonder how banks and hedge funds trade? Ever heard of the contraction and expansion strategy? Please allow to enlighten you. We all know that the market is in consolidation 70% of the time and in lower time frames, those consolidation/Contraction usually happen during the Asian sessions when you are dealing currency pairs such as the EURUSD, GBPUSD, EURGBP e.t.c. As we begin the European and London session, the market tend to come out of the contraction phase and set a new low and this is sometimes interpreted as a signal to enter the market by retail traders and that's one of the reasons why retail traders aren't very successful at trading because they keep falling into the traps of the expansion phase. During the expansion phase, the market usually sets a low/high and then quickly reverses to the highs?lows of the contraction, depending on what the trend is on a higher time frame, the market will follow it and the turning point is the middle line of the contraction. This is one of the strategies that I day trade with my WhatsApp group and we will follow this market and react to it at every turning point. Any opposing comment, views or arguments are welcomed!
Long
by Joseph_Yabwa
42
A quick lesson on trading ranges from expansion to consolidationHere's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey. Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails per month after that, if you ever stop learning, just unsubscribe. You won't be sorry. mailchi.mp
NASDAQ:TSLA
by CustomTradePlan