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Discipline

Potential Correction - 4hr Interval - ADXSHello Everyone, The stock (ADXS) has none-the-less presented an immense amount of volatility within the last few days (2). The overall trend of the stock, however, is pulling downwards (Bearish) towards territory that hasn’t been contest since (2009). Resistance Level 2 - (14.70 - 15.00) 30 cent interval Resistance Level 1 - (10.75 - 11.00) 25 cent interval Blue Horizontal Line - (8.00 - 8.30 ) 30 cent interval Support Level 1 - (2.55 - 2.80) 25 cent interval Furthermore, this is highly sporadic stock and should be handled with immense caution. (Wait for PA confirmation prior to entering a position) Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)*** -LionGate
A
by LionGate
Position Developing - 45min Interval - CELHello Everyone, The stock (CEL) has appearing to garner a modest amount of upward momentum. In the very least, PA is either attempting to consolidate at current price levels or formulate a breakout position. (Let Market Action Take Place and Then Form Your Decision). Resistance Level 1 - (7.45 - 7.75) 30 cent interval Blue Horizontal Line - (4.25 - 4. 55) 30 cent interval Support Level 1 - (5.30 - 5.55) 25 cent interval Support Level 2 - (3.40 - 3.70) 25 cent interval Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Itinerary)*** -LionGate
C
by LionGate
Reversal Impending - 4hr Interval -VUZIHello Everyone, The stock (VUZI) appears to have endured a significant amount of sellers over consuming buyers (bearish market). In this regard, an immediate (or within the next formation) reversal may be in order to either consolidate at current PA (Price Action) level or breakout to lower lows (or higher highs). Further is always necessary prior to trading transfers Resistance Level 3 - (7.15 - 7.45) 30 cent interval Resistance Level 2 - (5.25 - 5.65) 40 cent interval Resistance Level 1 - (3.70 - 4.10) 30 cent interval Blue Horizontal Line - (3.15 - 3.35) 20 cent interval Support Level 1 - (2.45 - 2.75) 30 cent interval Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)*** -LionGate
NASDAQ:VUZI
by LionGate
Self-discipline - what's that?Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well ' Beyond Technical Analysis '! In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very elementary. I know - because I was one of those people who thought I knew what the words meant. However, there is also a thing called self-deception which works against self-discipline. Self-deception at its heart, is the ability of the mind to justify anything! Quite simply - it's dangerous. The Collins Dictionary defines self-discipline as, " controlling of oneself or one's desires, actions, habits ... .. the act of disciplining or power to discipline one's own feelings, desires... with the intention of improving oneself. " It's easier now to see how this connects to trading environments. A sound trader needs a lot of personal self-control over actions, habits, feelings and desires. I add 'thinking processes'. Certainly there must be a routine that improves one abilities, as the markets are not static. Their behaviour changes so one needs to improve to match those changes. The obvious question for many (especially new traders) is, " How do I become more disciplined? " I'm afraid there is no magic formula that I can prescribe. I can only share a few personal experiences that drove me to become more disciplined. It's like a weird sandwich: A firm and unshakeable desire to make myself consistently profitable. Pain i.e. painful mistakes. Non-acceptance that if others could do it, I couldn't. Pain drives people - let's not debate that. By pain I include from the worse kinds of suffering to the more subtle kinds. One can include things like frustration, anger and disappointment. Pain stood like a distasteful filling between the two sides of my sandwich. I just couldn't ignore it. If I wanted to make this thing right I had to fix the pain; all sources of it. I was/am my own pain. My enemies arise from within me to cause me pain. My mind plays tricks on me in trading environments. To deal with the sources of pain I had to deal with my own mind, else just give up. I'm no quitter! So whilst I do not claim near-perfect discipline now, I have been addressing the trickery of my own mind - those inner enemies - that thwart my thinking processes. After all, if I don't the whole sandwich (three bullet points above) become nothing - and I'd have to join the 90-odd percent of people who give up on trading in the first couple years. Am I saying that pain is a necessary ingredient for everybody to reach a greater self-disciplined state? Well yes I am! In every walk of life people have to suffer some sort of discomfort in achieving their goals. If you wanted to become a top-rated lawyer, you would have to suffer the 'pain' of years of study, and the trauma of being beaten in court rooms. If you want to get to the North Pole on foot, that involves pain and personal sacrifice. But nobody gets to the North Pole alive, with poor discipline. I shan't go on to mention other areas where people suffer extreme discomfort in order to achieve their goals. If there are take away points to consider, traders should to find out what they are about and anchor themselves on what they want and what they won't have. Then, systematically whittle away at all obstacles by robust self-refection. It takes time - and bargain for pain! Do the time - take the pain. Don't blow up a live account.
Education
by Captain_Walker
Reversal Imminent - 45min Interval - EURUSDHello Everyone, The currency pair (EURUSD) has been on a (bearish) trend since (March 20th -21st). Considering the present PA at Support Level 1, there is a plausible opportunity to believe that the pair will be in an uptrend (or consolidation) within the next few days. Wait for further price confirmation. The PA has broken numerous consolidation levels to further progress downwards (March 25th -26th, March 28th - April 1st). Resistance Level 1 - (1.13915 - 1.13945) 30 pip interval Support Level 1 - (1.11890 - 1.11920) 30 pip interval Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)*** -LionGate
Long
by LionGate
Position Formation - 1hr interval - EURJPYHello Everyone, Bullish Formation - (125.00-125.50) 50 pip interval Bearish Formation - (123.625-123.675) 50 pip interval Consolidation Current Price - (124.300-124.400) 100 pip interval RSI - indicating a strong consolidation currently being manifested within the last (5-6 Days) Overall, be diligent of the current momentum shift and fundamental releases soon taking place this (later) week. Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)*** -LionGate
by LionGate
Potential Long Position - EUHello Friends, Over the recent days, EU has continued to receive a bearish momentum. The currency pair is appearing to head towards the (1.12100-1.12150) support line. There may be a rejection here, deriving a long position within the next few days. The Relative Strength Index is also signifying that the sellers have been an overriding force. Stay diligent Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)*** Every Strategy Can Be Successful, But Not All Can Be Executed Successfully -LionGate
Long
by LionGate
Retracement Imminent - 45min Interval - AEZSHello Everyone, In-regards to the data generated from the RSI indicator, (AEZS) appears to be in overbought price territory (4.65 - 4.75) within the last few days. There is strong implication to acknowledge a correction is in-order. Which could either a-test previous structure highs (as far back as 2017-2018). Entry Point - (4.70 - 4.75) pay attention to open price - Short Position Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)*** -LionGate
AShort
by LionGate
Trading Plan February 2019This is my trading plan for February 2019. Will be working this plan for the rest of the year, and review December 31 2019. This is based on: - 2 years of crypto trading - realisation that I suck at daytrading - suspicion I could be good at macro swing trading - recent education on Babypips and other trusted sources The focus of the year is on: - learning - refining a system that plays to my strengths - understanding risk management and R:R - becoming effective at pulling the trigger on entries/exits Profit is really not a concern for this year. Profit will come when I'm competent as a trader and can consistently show a meaningful, non-negligible winrate, net of fees.
INDEX:FTSEMIBEducation
by emotionallydetached
USDCAD Prediction | Best Chart Updated Again USDCAD is in a bearish trend confirmed since Wednesday 26 December 2018 and I was perfectly right with 99% accuracy chart prediction of what gonna happen in USDCAD. Now the most important is to understand the bearish is not over yet. Monday 07 January All traders must focus on the breakout of the important support MS3: 1.33300 - 1.36000 maybe can confirm again a big sell or otherwise a small retrace for the USD. All active trade will send in my channel you can join the best trader ever. Enjoy !!
by kingbabaofficiel
It's Buy GOLD over ? The Chart for 2019 UPDATED The potential of GOLD to reach buyer's price area at 1290 is really high but we have to pay attention right now than ever before because the pression of sellers is perfectly hight and seem determinate to push the price down for a neutral result. The Friday 28 December, the fight between Sellers and Buyers make the price in ranging trend during 8 hours OMG due to USD's strength !! before buyers break the 1279 resistance trying to reach 1282 and last price 1290. We know that most of the investors in Wall Street want to exchange their USD to GOLD making the price of this last higher every day. The American politic rate hike can be reduced according to Bloomberg and will make the USD currency so strong in the market for a balance due to the price of oil remaining really cheap and can be up aggressively because the price can go towards $47 - $48 If you buy GOLD is important to use small SL Buy GOLD Currently Price: 1280.97 TP targeted 1282 - 1290 SL: -30pips max Give your opinion !
FOREXCOM:XAUUSD
by kingbabaofficiel
4
Signal Stream - CHFJPY Follow Up, Trust yourself and your systemI wanted to circle back around to this trade to emphasize the power of Signal Stream and why I personally take small trades and ride out draw down with my system, but mainly I wanted to make a point on the power of knowing and trusting your trading system. As you can see since the short signal on the CHFJPY chart, price moved up into draw down, then moved back down and hit the profit target of 112.05 before falling a touch further and stalling at a support level of 111.90. I've said it in pretty much every post: Signal Stream signals have an extremely high chance of hitting their targets, even if price moves against it. I've held tremendous draw downs that eventually came into profits. I am able to do so because I take smaller trades, allowing me to take the draw down and also have enough equity in my account to take other trades, which further lessens the hit of a draw down. But that's how I trade, and no two traders are alike. There are differences in mindset, risk appetite, and experience to consider. That being said, how I trade is only one way to trade Signal Stream. There are countless other ways and trade management methods you can employ. I've worked with it enough to trust the signals, even if they move against me at first. Trust your system, trust yourself.
by StreamTrader
USDTRY - Be wary of Intervention ex-post Rapid MovesTraders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3% Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact on any currency pairs you are trading or tracking (this is different to following any random commentator's subjective opinion) While I do not like setting upside targets , it can pay to trail stops at healthy profit levels during large abnormal moves so as not to give back profits (we saw this in crypto in Dec 17) adn if we miss the big move initially wait for natural pullbacks / consolidations rather than chase an entry. There will ALWAYS be a pullback or another instruments that will offer the next big move. Worst thing to do is chase an entry through FOMO , get burnt and then be paralysed the next time a big opportunity presents itself. Stay rational, stay calm and nimble
Education
by TJP_Trader