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!
Daytrader
BTCUSD INTRA-MARKET ANALYSISOverall trend- Bullish on the Weekly, Daily and 4H.
As predicted, price retested our support zone or 55k and moved nicely to hit our TP.
Created higher highs and has a possibility to do the same based on the volume and strength of buyers.
This is just the start of the pullback gaining bullish momentum.
The value of struggle in tradingHappy Friday Traders!
In this video we go over the value of struggle in trading and how I failed over and over again only to succeed because I looked at my mistakes as golden opportunities to learn and improve so I can earn as a trader!
We hope this video helps you on your journey to profitable trading!
SHORT POSITIONBEARISH FORECAST ON NZDUSD: LETS WAIT FOR A RETRACE BACK TO (0.7076) LEVEL BEREFORE WE LOOK FOR SHORT
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Building consistency (intro video)Hey all!
Busy days for us so we couldn't be too active with the videos we release to tradingview! But here is a little glimpse into what we are preparing to release later this week, which would be a "how to" guide on creating consistency in trading!
Good luck and see you all soon!
USDJPY SHORTWe are looking for some bearish move toward the downside on USDJPY with a target around £(107.0).
There is a possibility we can see some retracement to the upside before price drop
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LONG POSITIONUSDCHF - Really choppy daily phase 2, We still have 0.92 as our potential bounce area.
For long .
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SHORT POSITIONWe can see some sell reaction on GBPUSD to the downside we are looking to see price retest the daily support trendline
If bears are strong enough to Break the daily Trendline how ever we can see more push to the downside around £ (1.3600)
As a Target.
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LONG POSITIONPotential Long on AUDNZD
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LONG POSITIONBTC/USD DAILY CHART – BEARISH RSI DIVERGENCE HINTS AT FADING UPSIDE MOMENTUM
BTC/USD appears to be eyeing a push to fresh record highs, as buyers key in on the current all-time high set on February 21 (58321).
However, significant bearish RSI divergence hints at fading bullish momentum and may ultimately trigger a short-term reversal lower, if buyers fail to hurdle the yearly high.
That being said, a significant amount of divergence has been displayed since the start of 2021, with the price of BTC climbing as much as 101%.
Nevertheless, if psychological resistance at 60,000 holds firm, a correction back towards the monthly low (46417) could be on the cards.
Alternatively, a daily close above 60,000 would probably signal the resumption of the primary uptrend and bring the 61.8% (61298) and 78.6% Fibonaccis (66226) into play.
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SHORT POSITIONWe can see sellers are strong on this pair
we are looking for EURCHF Go short
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LONG POSITIONWe can see sell position on EURCAD Where we have our fib Retracement we are looking for sell positions soon
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LONG POSITIONUSD/JPY is turning higher as Tokyo gets going while the focus remains on the risk of the Federal Open Committee meeting later in the New York session.
At the time of writing, USD/JPY is trading at 109.08 having travelled from a low of 108.96 and reaching a high of 109.09 so far.
Meanwhile, US markets were little changed overnight, shrugging off disappointing US Retail Sales data.
Instead, the US dollar remained firm in anticipation of the Fed's easy money stance along with the recently approved fiscal stimulus package.
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❗ What to look for when I post an idea - Check the Trade Log! ❗A quick video running through how my ideas work and why they're different!
Trading for me is all in the detail and the planning now.
Know your numbers and your data and you can plan properly.
You know if your strategy or system works or not and you can ensure your risk management is in line with probability.
Rule number one is...
You cant run out of money, else you're out of business, right?
You can even run out of money with a profitable strategy, if you risk to much and hit a losing streak - even if the strategy is profitable!
Trading is a long game, not about retiring off that one lucky trade you might hit over the course of a week.
You'll also give the profits back with interest anyway.
Talking from experience!
Have a great weekend, any questions - feel free to reach out vis the DM.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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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.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren