Post Trade Analysis (intro video)This is just a quick inditial video of a much more detail video which we will release tomorrow to show why and just how powerful Post Trade Analysis is.
I personally believe it is the express lane to trader development and I highly recommend you guys use it too for every single trade you take!
More on this tomorrow!
Learn
Post Trade Analysis: NASDAQ & WTIHey Traders!
In this video we go over a brief post trade analysis of the trades we've taken so far today on NASDAQ and WTI.
As a practice we highly recommend every one of you guys to actually perform a PTA on your own trades as it is literally the best way to improve as a trader as you will find your good and bad habits quickly. For example if you are not following your entry process you'll quickly understand that you should.
Anyway, we will make a longer post about this on Wednesday and explain it in detail, exactly what we do and why we do it!
All the best!
PRICE ACTION TRADING | THREE TYPES OF TRIANGLES YOU MUST KNOW 📐
Hey traders,
In this post, we will discuss 3 simple and profitable types of a triangle pattern.
1️⃣The first type of triangle is called a descending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend.
Setting a new higher high the market retraces and sets a higher low, then bulls start pushing again but are not able to retest a current high and instead the price sets a lower high and drops to the level of the last higher low setting an equal low.
The price keeps trading in such a manner setting lower highs and equal lows till the price sets a new lower low.
Most of the time it gives a very accurate signal of a coming bearish move.
Please, note that a triangle formation by itself does not give an accurate short signal. The trigger that you should wait for is a formation of a new lower low.
2️⃣The second type of triangle is called a symmetrical triangle.
It is a classic indecision pattern. It can be formed in a bullish, bearish trend, or sideways market.
The price action starts contracting within a narrowing range setting lower highs and higher lows.
Based on them, two trend lines can be drawn.
Breakout of one of the trend lines with a quite high probability indicates a future direction of the market.
3️⃣The third type of triangle is called an ascending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bearish trend.
Setting a new lower low the market retraces and sets a lower high, then bears start pushing again but are not able to retest a current low and instead the price sets a higher low and bounces to the level of the last lower high setting an equal high.
The price keeps trading in such a manner setting higher lows and equal highs till the price sets a new higher high.
Most of the time it gives a very accurate signal of a coming bullish move.
📍Please, note that a triangle formation by itself does not give an accurate long signal. The trigger that you should wait for is a formation of a new higher high.
Learn to recognize such triangles and you will see how accurate they are.
Let me know what pattern do you want to learn in the next post?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Higher and lower timeframesA trader vs the Algorithms
The market is fractal, a term commonly used but not easy to understand
Complex intraday algorithms in the delivery of prices on lower timeframe make it look as though lower timeframe are irrelevant, but they are relevant if you want to get good risk to reward ratios, Learn
*Backtest your charts*
BTCUSDThello guys
i think here at 30200-30400 we have an order block
so i place my entry at middle of it
Entry 30330
sl 30450
tp 28948
RR 1:18.55
like it if u agree with me and dont forget comment
BankNifty Intraday Trade Setup for 18th May 22 (Trading Idea)Banknifty has been consolidating since the morning, Market has been bullish for the past 3 days, can we still expect an upmove?
I plan to buy Banknifty (But not sure)
Be active on this post to see my live positions and Trade
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
NSE:BANKNIFTY
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Why Less Trading Gives Better Results!Hey hey traders!
We're coming to you with a nice and short video on why trading less is actually better for you, atleast based on our experience!
Being a full time day trader I found it hard to actually be at my best and trade all day long... at the end of the day trading is a means to an end, its only purpose is for you to exchange your knowledge, effort and focus for money, yet you do not need to sit there all day to do that, 60mins of focus is better than a whole day of nothing.
Try what we preach for the rest of the week and you'll be amazed at your performance!
Good luck trading!
Price action & key levels [Daily Primer 25.4/22]Hey Traders, a quick little video coming your way!
It is my 8 year anniversary with my wife, so I am rushing out of the door and cannot leave a detailed summary in text too.
The video goes over price action, key levels and some trades taken today on the DAX
Have a fab day and any questions are welcome!
Education: VolumeIntroduction
A financial transaction involving an exchange of goods results from a mutual agreement between buyer and seller. When referring to securities like stocks, an amount of goods exchanged between these two parties is called a volume. On a chart, the volume is often represented by green and red bars below the graph of a particular security. Information about the volume can give an analyst a better sense of market sentiment and help with the timing of trades.
Volume and liquidity
The amount of liquidity in a market translates to the ability to buy or sell a security. Money market instruments and marketable securities are considered to be liquid assets. However, market conditions do not always allow for enough liquidity, which is reflected in the volume. Sometimes, low liquidity may result in volatile price action, trend reversals, market gaps, etc. Generally, securities with high daily volume are more liquid than securities with low daily volume. Market holidays and shortened trading sessions have a tendency to be accompanied by low daily volume.
Illustration 1.01
The picture above shows Histogen Inc. on a daily time frame. Penny, micro-cap, and nano-cap stocks, which trade over-the-counter, are notorious for their low daily volumes.
The price-volume relationship
Analyzing the price-volume trend can reveal additional clues for the successful execution of a trade. Usually, an asset's simultaneous increase in volume and price is considered positive. Additionally, it often confirms a bullish thesis. However, a decrease in volume accompanying an ongoing rise in the price may give a technical analyst a hint that fewer buyers are willing to buy an asset. Therefore, a technical analyst should treat the decrease in volume and increase in price with some skepticism and pay close attention to it. The same rule applies when volume increases and price decreases simultaneously. Some analysts like to differentiate between significant and insignificant moves depending on the volume size. Price moves that occur on low volume tend to be considered less important than those on high volume. Typically, volume tends to increase as a trend develops. In an uptrend, a security tends to top when buyers are no longer willing to pay the asking price and start leaving a market. In a downtrend, a bottom tends to form when sellers lessen their selling pressure; or a substantial portion of new buyers enter a market. In some instances, quick and sharp growth in volume can signal the beginning of a new trend; or it may imply new traders have entered the market.
Illustration 1.02
The illustration shows the Covid 19 crash in 2020. Volume can be seen increasing in the early stage of the crash; it is accompanied by a fast and sharp drop in price. Eventually, volume can be seen decreasing towards pre-pandemic levels, reflecting weakening selling pressure.
Reporting
Each market exchange tracks and reports its volume data for a particular security. Volume is regularly updated throughout the trading session. However, the figure is only estimated as final figures are reported on the following day.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ trade idea and chart educationHey traders!
Hope everyone has had a fantastic weekend but its now slowly time to get back into the groove of day trading! The New York markets are open today even tough most European markets are closed... which means we will have a chance to finally trade after a long, and deserved, 3 day weekend!
In this video we go over a trade we have on the NASDAQ a trade we started to build and if opportunites present themselves we will continue to build.
Nevertheless, the main point YOU should take out of this video is our analysis and charting process, you will see me map in only the most important and relevant levels and then you see me focus on price action, since PA is the only way the markets can talk to us you all need to learn to read the charts by always focusing on price action (highs/lows)
Anyway, the video explains the rest!
Questions are welcome!
Have a fab day!
Average price BTCBTC is in a daily zone with a nice average price of 47K.
The market average price can be used as a magnet, price will eventually come back to the middle price.
The further it goes from the middle the more probability it will come back to the middle.
The more above the better SELL opportunity's
The more below the better BUY opportunity's
Hope this can help you deside where to buy or to sell BTC on the longer timeframe
No financial advice
Near Tether UsDt Perpetual Futures 1HOnce Price Break And close Above Will Look For A Quick Scalp Prospect Apply Prop Risk Man SL
Being a weekend trading warriorYour results on Monday will be influenced by the work that you do on the weekend, specifically Sunday.
As an intraday trader I constantly think about my trading.
Here are a few points which every trader should focus on,
1 - Mapping our mental weaknesses
We all have mental challenges, some of us have a lot of FOMO,
while others oversize and over trade, you know what is holding
you back as a trader... FIND IT AND WORK ON IT!
2 - Reviewing trades (winners & losers)
Search for the plays where you can add size,
search for patterns that you can exploit next week,
review your best trades. What trades worked best for you?
more of these on Monday. What trades are not working for you? Eliminate them.
3 - Checking for key levels & patterns
The best in every industry practice and train... yet probably 90% of traders never
really do any kind of practice, they search for a strategy and then cannot wait to apply
it to the markets... real traders work on their trading hence they create REAL SKILLS!
3 Steps to take before entering a trade3 simple and important steps that is required for entering a trade
👤 Sadegh Ahmadi: @SDQ_Crypto
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
How to control FOMO in day trading!Good morning traders!
The markets are going to be wild today and over the next couple of days... which only means many of us traders will have a lot of FOMO! This video is designed to give you a basic plan on how to deal with FOMO in day trading!
Today is the day to be in control and this video helps you get there!
USDCHF headed for one of three possible directions.The USDCHF has currently been moving in a sideways market for quite some time now with no indication to witch side it might breakout and start a new trend. From current price I have identified 3 highly probable directions that the market could move in with 3 valid points of interest. It is always important to know what your next move might be when the market goes your opposite direction and what could be your possible next entry.
3 Mindset Tips for Elite TradingHappy Sunday Traders!
In todays video we go over 3 mindset tips for elite day trading!
Watch the short video below to understand this better, but here they are anyway:
BE OPEN MINDED
Let the market be your guide (price action)
Wait until you feel the market (day trading)
Be just as ready to buy, as you are to sell
CONTROLED AGGRESSION
Know what an A+ setup is, then develop the confidence to act big and fast
Have a plan, both for the best entries and the failed trades
EVERY TRADE IS ABOUT DEVELOPMENT
How good/great of a trader could you become by next month if you learn from every trade you take this January?
MACD + VWAP Strategy tip DAILY PRIMERHey traders!
We are LOVING the volatility this week! Volatility is vital for day traders as we have many breakouts and short-term impact moves which allow us to profit!
In todays Daily Primer we talk about 2 indicators we use, the VWAP and the MACD.
There is some uniqueness to the way we use these indicators and this video explains a little bit futher!
To learn more see our signiture!
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!
Consistency isn't something you get, it is something you doConsistency isn't something you get, it is something you do!
Consistency in trading is a vital component, yet most traders think its something you get, it is not something you get it is something you do daily!
Having a trading plan is something you do and them follow (do again)
Following position sizing and risk management is something you DO
Executing your system is something you DO!
You get the drift! Do more good!
What did I learn from 2021 in Trading, & what can I improve on ?Hello traders:
Welcome to 2022 in trading. I am very happy to start off the year with a positive attitude and get ready for the year.
This year will be my 9th year in trading, so certainly a journey thus far.
What I usually will do is to look at trades that I have taken in the whole last year, to find areas to improve.
What can I do better, and what can I change/modify to my trading plan that will help me to become a better, consistent, sustainable trader.
I highly suggest everyone to review their 2021 trading journals, find mistakes that you made, and work on them.
Revisit your trading plan to see what areas can be changed and modified. They can be entry, SL/TP, management and much more.
Below are a few things that I personally find that I can improve more on:
Trade Management:
-Specifically, whether to take profit always at 3:1 RR, or hold onto the trade for longer
-Pros and cons and no right or wrong when it comes to this part.
-Sometimes holding a trade longer term may see price reverse and lose profits
-Sometimes taking profit too early will see trade continue to its desire direction
# of Trades Taken:
-Last year was aiming for about 15 trades per month last year
-The more trades we take, the more potential “Mediocre” trades we enter, those can eat up our good trades’ profit
-Can argue and reduce the # of trades to even less
-Instead of 1-2 same currency pairs allowed, cut down to just 1. Unless I can move it to BE
Understand and Accept the Market can Change/Evolve:
-Market is ever changing and evolving with no pre-determine factors. It can be a variety of factors that is out of our control as a trader
-Key is to always stay in “sync” with the market and its behavior.
-Never “blame” the market if your trading hits a draw down or doesn't “work out” from before.
-Understand as traders we need to adapt to any type of situations to remain consistent and sustainable in the long run
-Find solutions to work around it.
Thank you all
Treat trading like a business or you might not succeed:
5 Fundamental aspects of day trading successHere's a quick video on a few vital skills every trader needs to acquire before he/she can actually achieve success in day trading.
This is 100% from our experience, we've worked hard to achieve success in day trading so these tips come from our direct experience.
Hope they help you guys:
HARD WORK: hard work in trading
doesn't come from actual trading,
hard work in trading comes down to
the preparation aspect.
PATIENCE: Patience enables an
excellent entry point, which allows
a trader to enter a bigger position
and increase the profitability factor.
DISCIPLINE: Discipline is following
the process day in day out without
altering it because of a few red
trades. Discipline is executing the
process every day and on every
trade.
REPLAYING TRADES: Reviewing
your biggest loses and your biggest
winners is literally the quickest way
to become a primed trader.
Your only as good as the assets you tradeThis is just a short blog post of a much longer idea!
In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits.
This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade.
Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st.
Choosing to trade XAUUSD would be much easier to make a profit.
