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Moneymanagement

My idea for Bitcoin by Christmashello every one *_* In markets like cryptocurrency, news is the biggest element for market formation. Considering elements such as: Future news Signals generated by the team's search engine Patterns and capital management We can expect this behavior from the Bitcoin chart I hope that if you like this idea, you will do the necessary research before entering the trades If you want to know how we manage capital See the previous idea that I posted This idea is to identify the trend We enter in the lower time frame in the direction of the trend of the generated signals good luck
by mahababaji203
Successful traders think like chess playersEvery day I get many questions from traders and more than half of them are: "What will X asset do today, will it rise or fall" or "Do you think X asset will reach Y price?" With very few exceptions, I say "I don't know". Surely my interlocutor will think that I don't want to tell him/her or that I'm an idiot. In fact, the correct answer is another: "I don't care" And now, dear reader, you will think not that I am an idiot, but a complete one. But bear with me a little more and let me explain using a real trading example on EurUsd Let's say we consider taking a trade on this pair so, we ask ourselves what do we know about it? 1. Fundamentally the USD is favored 2. The trend is down for more than a year. So, we want to trade in the direction of the trend and sell this pair Looking closely at the chart we see that EurUsd is contained in a downwards channel and recently found support in the 0.99 zone. Last week, the pair corrected and reached a high at 1.0150 and reversed exactly from the channel's resistance, leaving a nice and strong bearish engulfing on our daily chart. Going further with our judgment, where do we want to sell this pair? Now, considering my approach, I see a good place to sell in the 1.0030-1.0050 zone. So we set a sell limit order in that zone (Remember, professional traders use pending orders) We also consider at this moment the point where our bearish outlook is negated. We get 1.0150 for our stop loss. Now, using again my personal trade, let's say we set the selling order at 1.0030, with a stop loss at 1.0150 we have a potential loss of 120 pips. We know that every pip move on EurUsd represents 1usd for 0.01 volume, so 12usd potential loss on 0.01 trade for our trade. Now, let's consider volumes. What potential loss are we "comfortable" with? For the sake of example let's say 120 USD, so a 0.1 volume. Now let’s see where we can take profit. 0.97 zone is the falling channel's support, so there. Looking at such a trade we have 120 pips or 120 USD potential loss with 330 pips or 330 potential profit. This gives us a close to 1:3 risk-reward ratio, a very good one. And now, maintaining the analogy from the title is the market’s “move” turn And the market can do only 2 things at this point: fill our pending order or not. Considering that I don't hold pending orders after NY's close, if the market doesn't reach my level by then, I will remove the order, and tomorrow I will start over again by analyzing the market. The second is to trigger our limit order as is also the case for my trade, and we are in a running trade now. Now, with a trade running is again the market's move. So, what are the possible scenarios? 1. The market rises and hits our SL. Although an undesirable scenario, we knew from the start that it’s a possibility and like every trade, this also carries a risk. We considered it and assumed it from the start and didn't trade more than we could afford to lose in a trade. So, we take it like a stoic and move on to the next trade and market analysis 2. The lovely scenario in which EurUsd breaks 0.99 support and falls to our target. So, our reasoning was correct and we now have a trade that brought 330usd in our pocket, but more importantly we traded disciplined with a good R: R 3. The market falls below 0.99 but reverses. Now we can also consider some action - Move SL in BE and let the trade run - Close half to get some money off the table and move SL into BE - Close all trade In conclusion: As you can see, you don't need to be Gary Kasparov to be a good trader, the market's "moves” being in fact just a few. All you need to do is to be aware of these moves and have a plan for each of them. This way you will not end up wondering every minute "where will EurUsd go, it will rise, it will fall", you will not trade emotionally or recklessly. As Benjamin Franklin once said: "Those who failed to plan, plan to fail", but it is not your case, because, as a good trader you always trade with a plan and know from the beginning all that the market can do. Best regards! Mihai Iacob
Education
by Mihai_Iacob
17
NAS/XU Bearssss The market as usual doingwhat it wants to do! Wow that was a ride wasn't it ? Took some early NY open Losses. Projected that price was indeed going to fall. I jumped in the water early and sadly drowned. Keeping my alerts going, once price broke my respective levels (PURRPLE Arrows). My hypothesis based was still valid, changing nothing but entry points. I used NAS for context reasons I will keep to myself on why I did that. Exiting at Gold at our Daily Low Happy Thursday Traders!
NShort
by KeyTrades17
1
USDCAD Short Daytrade 14.9.22I'm looking for a short to see price go into my buy zone. half my normal risk cos longer term I have a bullish bias. I have a buy zone in mind. Outlined it previously as I see a nice setup coming up. But price has to come down first. and thus I am looking to capitalize on this possible down move. Once again. Half the normal risk. cannot emphasize this enough. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly
Short
by voxovFX
GBPUSD Long Swing trade 13.9.22I see a bit more upside left in GU. Looking for a swing trade entry as shown. half the normal risk as we are trading against the longer term down trend. Take partials along the way. Note the sell zone. Will be looking for shorts there. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
EURUSD Long 8.9.22Update on Long idea. Looking to go long at that level if a retracement happens All positions to be half the normal risk as I am trading against the long term Bearish trend . Looking for my ultimate target in the yellow box. but will TP as shown. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
An idea for managing transactionsThis idea helps you to know how control your positions either in profit or loss . We will tell you when you can close your position in profit and how to manage your position in loss by decreasing entry price It's all about money management that we will teach you Our strategy based on : Price action Divergence Golden EMA crosses Conversion line and base line cross Zone of buy and sell Most importantly money management We wish you could connect to circle of abundance and making a lot of money
Education
by mahababaji203
2
USDCAD Position trade LONG for SEP/OCT IDEA 1Hello all. A rare UC trade idea from me. I see a position traded unfolding. Note the yellow box. that is my buy zone. 2 entries that I am willing to take. For all position trades, only trade up to your normal risk per trade. NOTHING MORE. Losses can be largely magnified. Especially with the bigger stop loss. E.G Entry1 has a SL of 150 pips. Entry2 has a SL of 90+ Pips. any larger position size could be devastating for your equity curve. Thus, I will be taking half of my normal risk per trade. I am alright with missing out. there will be opportunities to scale-in in future. Note the TP levels. 900+ pips for Trade1. that is the final target. Price may not get there. Scaling-out IS ESSENTIAL. Do not expect the entire position to hit that level. IF price stops us out, I will be looking for signs of a reentry. that will be my position trade 2 for UC. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
2
EURUSD Long Scaling in 9.9.22previous entry was triggered. Going to TP level. Scaling in another position if price allows me today. I see many targets above on various TF half risk only as per previous trade. Target is the first Sell level for EU where I will look for shorts. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
EURUSD Swing trade long 8.9.22Still maintaining my Short term Bullish Sentiment on EU. All positions to be half the normal risk as I am trading against the long term Bearish trend. Looking for my ultimate target in the yellow box. but will TP as shown. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
EURUSD Swing trade LongClosed all my short position trades for EU as I am bullish on the short term, bearish on the long term. Targets are where my sell limits are placed as I am only willing to short EU from there. Half the normal risk as I am trading against the larger trend. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
GBPUSD Long Swing trade for week 6.9.22Following my previous idea of shorting GU when it rallies to an area i like, I am looking for a swing trade to go long for this week. Target is where I would go short. Logical level to me Not the most adviseable as I am trading against the larger trend. Thus, trading half my normal risk on this long. Ideally this works out wed-thurs, if not, a 2 week hold period is fine too. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
EU day tradeAlright NFP is over folks. consider what NFP did on your own time. look at the direction and velocity it moved. analyze what it did. I'm looking for a daytrade. Sell limit at the level. May occur tues/wed. we won't rush things. Normal risk. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
2
GBPUSD Target for Week of 5.9.22 and 12.9.22Hello all. Yellow box is my target for price to hit as the high of the week. will go short at this level. will be a swing trade idea. Expect price to retrace up for a couple weeks. So this may not get filled this week. But if it hits it this week, i will go short. normal risk. Note 1** seeing that as it is a swing trade, do not exceed your normal risk. losses can be magnified due to the larger SL. Note 2** If price structure looks good, I may take a Long as a day trade. update you guys here Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
GBPUSD Swing Trade for week 5.9.22 or 12.9.22I see a retracement coming. big one at that. Next week could be an up week. If it doesn't, no prob cos we are still bearish on GU. Dont trade against the bigger trend. In case of a retracement that would be my entry. Normal risk. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
EURUSD Short 1/9/22 NFP weekManually closed the previous EU short. Bearish on EU and GU. Looking for a position trade entry. 2 plans as you can see in the charts. let trade 1 get Stopped out if it does. you only risk 1% here. If trade 2 gets triggered in, it pays the 1% back easily and more. Need active management for this if trade 1's entries get stopped out. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX