Discipline
USD index rising to further significant levelsI see the dollar rising to further significant levels of which I have marked. I just aim to follow the cycle long term in this regard, I'll have a clear idea of the types of entries I should take seasonally as swing while still following the cycle on a weekly scale each quarter with a bias in relation to this long-term one I have noted on the USD. So I just have to follow the cycle according to the trading plan and better that system as I note further money gaining methods to maximize this cycle
IBULLHSGFINIBULHSGFIN broke out of ascending triangle pattern & trading comfortably above it, also short covering is seen in 220 strike CE.
Could be bought with mentioned stoploss & target.
3 things no one wants to accept (Discipline development)Hey all! Happy Sunday.
I did this video already but it failed to upload so here it is again.
In this video I focus on helping traders create discipline in their trading, discipline is a vital component for success, so I really hope this video helps you guys find it in your trading and life!
Good luck with the new trading week!
Cadila HealthcareCadila made inverse head n shoulder pattern on hourly charts.
Coubld b bought above 672 with mentioned sloss & tgt
DXY BUY ANALYSISso what we have here on the DXY is the following:
1. market has been making higher highs and higher lows and formed upward trendlines on the WEEKLY, DAILY, H4 and H1
2. price has respected a pretty strong resistance level as we can see by a DOJI on the H4
3. and due to this on the H1 market broke past a previous HIGHER LOW and formed a LOWER HIGH
4. once market reaches my H4 upward trendline for a third touch only will i look for long trades
BANKNIFTY FOR 12 OCT 2021Banknifty moved higher today, closed in Green, forming a Bullish Candle.
Currently, it is trading near the resistance it created in the last few weeks.
Now We have a support zone around 38059 - 380126, if it sustains this zone, it might be heading towards 38800 in the coming trading sessions.
Intraday support- 38170-38126
Swing support @ 38060-38000
Do Refer to linked post of bank nifty
Patience and Discipline Key to become consistently profitable trader is to be patience and discipline
Don't ever bend the rules thinking it will work just as well. it won't
Don't be greedy. No matter how good the trade setup looks, stick to your rules and your predetermined order size.
Trading can get boring, there are many times when nothing is happening in the market. Have patience and wait for the best setups.
No matter what strategy you use, you will always have bad trades from time to time. Don't let your emotions cloud your judgement. Take the loss and move on.
Every loss should be a lesson to learn from. study what happened, identify what mistake you've made, journal it down and try not to do it again.
There are times where you didn't do anything wrong but still suffer a small loss. This is part of trading, don't try to explain what cannot be explained.
The market makes random moves occasionally. If the strategy is not bad, don't change it, stick to it and always manage your risk.
ALWAYS MANAGE YOUR RISK
Psychology or MENTALITY of tradingLet's also be aware that we can change our results by changing the way we think,, this is basically psychology of trading.You have probably heard it but have not CONSIDERED it.
Mark douglas the author of trading in the zone would say lets take some time of TECHNICAL ANALYSIS and shift to some MENTAL ANALYSIS
The 3 Types of Trades (Bad, Good and Great!)In this video we go over the 3 types of forex trades, the bad, the good and the great!
These tips are short and direct, but hopefully they are a wake up call to help you to start focusing on the good and great trades by being patient and disciplied!
I also go over our XAUUSD long trade!
Happy trading all <3
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!