Why Multitasking is Dangerous for Traders – 6 REASONSWe have come to believe that juggling multiple tasks, will somehow reward us eventually.
But with trading, I can’t think of anything worse.
In fact, I think it’s counterproductive to multi-task when making financial decisions for your trading.
And no! Lying on the couch, or on the beach with your phone while talking to friends is ALSO a no go.
Here’s why I think multi-tasking is dangerous…
DANGER #1:
You miss crucial opportunities:
If you’re focused on watching TV, eating chips and watching TikToks at the same time, I guarantee – you will miss out on high probability trades.
You need to have full focus and pay attention to the markets, when you’re trading or it will affect the quality of your trading and setups.
Danger #2:
Delays in trading decision making
Multitasking can slow down your decision-making process and prevent you from acting in a timely manner.
Think about it… It’s one more video to watch, it’s 10 more minutes until the show ends. Let me just finish my beer first.
The market waits for NO ONE!
So act accordingly.
Danger #3:
Stress levels through the roof
You’re going to make impulsive, emotional decisions.
You have your heard earned money in an account ready to take on the local and global markets.
If you have sounds, food and other distractions in the background – it will affect your stress.
This will not only put you off trading but might also scare you out of it completely. These types of decisions can be costly in trading.
I mean, trading can be stressful enough on its own.
Add multitasking to the mix and your levels of stress and increase feelings of anxiety will sky rocket.
This can lead to burnout and negatively impact our overall performance.
Danger #4:
Drop in prod
You might feel that you can get more done by multi-tasking but it actually will decrease your productivity and efficiency.
When we try to do too many things at once, it takes us longer to complete each task and we may not do them as well as if we had focused on them individually.
Danger #5:
More mistakes
Trading needs to be laser focused!
If you multi-task you need to remember something. You are human and you are susceptible to making mistakes and errors.
You might miss a trade setup.
You might type in the wrong trading levels.
Or worse… Trading volume.
You might miss opportunities to lock in profits through adjustments.
Just take it one trade at a time and focus on the time in the markets…
Danger #6:
Ruin relationships
Ok this one is a bit of a stretch, but I think it relevant.
If you multi-task while trading, what about the rest of your life.
You most likely will multi-task while eating dinner, talking to friends, driving or even spending time with your children.
This can most definitely have a negative effect on not only your trading but your life, relationships and will lead to even more stress…
If you’re still reading this then I want you to do something for me.
I want you right now to take a DEEP breath in….
.
.
.
.
.
And out…..
Just slow down. Take it easy. Focus on one thing at a time and enjoy the process.
Be more present and you will find life will be a lot more easier in your everyday.
I am writing this because I want you to start your year on a calm, focused and powerful note.
You got this.
Trade well, live free and take it EASY!
Timon
MATI Trader
Multitimeframeanalysis
BHEL INTRADAY DEC2 29Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BHEL
Daily Timeframe : It is in uptrend.
15 min : It is in the Range.
*Wait for the opportunity and we could see the movement.
THANK YOU !!!!
EUR/GBP: detailed technical analysis. A big drop to follow?Conducting a multi-timeframe analysis of EUR/GBP, the following can be inferred: the price is currently rejecting a crucial area of resistance that can be identified on the Weekly timeframe. Taking into account the recent impulsive move to the upside, we can expect a deep correctional move to happen before further bullish moves kick in and continue driving the price to the upside.
Zooming into lower-timeframe graphs, we may see that even though the price has rejected the 0.882 - 0.883 key zone, it potentially needs another touch before initiating a full-scale drop to the downside.
The 0.87 area of support awaits.
Godspeed.
HDFCLIFE LONG (INTRADAY DEC 20)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCLIFE
Daily : Stock is in uptrend.
15 min : It has currently made Cup and handle pattern.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
HDFCAMC LONG (INTRADAY DEC 20)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCAMC
Daily : Stock is in uptrend.
15 min : It IS currently in range.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
„4 hour + 1 day – time window“
„1 hour – time window“
„1-4 hour + 1 day – time window“
FIBONACCI LEVEL
„Intraday - time window“
„Day - time window“
POINTS OF INTEREST
„4 hour - time window“
TRENDLINES
„Intraday - time window“
„Day - time window“
RAW VERSION WITHOUT DRAWINGS
„4 hour - time window“
„1 hour - time window“
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
DXY – TRADES | MTF ANALYSE | KW48In today's post I present relevant marks of the DXY for the next week, which could support the one or the other, in their own analysis.
= the technical analysis approaches, are shown in individual images in the post. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups because the current course isn`t able to take a clear direction.
PERSONAL ASSESSMENT
If you look at the price in the higher time frames, you can quickly see that "without" another correction, we have been in free fall.
Thus, an intermediate correction in the smaller time frames is long overdue and could possibly await us next week, with a rising USD / DXY.
This just announces itself with a MACD divergence, in the small-time units. This does not mean that the price must immediately react to it, however, over the next few days after a possible small sell-off, the whole thing can run in the opposite direction.
Why this is so, I explain to you in the following.
MARKET MAKERS MOVE THE PRICE .
The DXY has been in correction for 2-months and many market participants assume a further USD value decline.
And exactly there is the existing problem,
-> "many market participants" are on the USD short side.
If you look a little bit into the TRADING of the HEDGE funds and banks, you will quickly come to the conclusion that without their participation, the market will not move.
1. from the moment the price moves permanently in one direction, it is no longer interesting for large investors.
2. their opportunities to make money are very small, which is why they have to reverse the market direction or initiate a consolidation.
This in turn is due to the following reasons:
- The position sizes of these investors are too large to be executed in a normal market environment.
- For this reason, you can e.g. only build LONG positions if enough investors sell to you = go SHORT.
- Thus, when the market falls, they can build a LONG position piece by piece, without having a "visible" influence on the market.
Then, when you decide that their position size has been successfully filled, let the price go in the opposite direction.
- During the e.g. upward movement, profits are then taken piece by piece where liquidity is highest so that the market does not break away again after these profit-takings.
So that you are prepared for both scenarios (LONG / SHORT), I have carried out the analysis combined with the different time units (monthly, weekly, daily and INTRA-Day) and in the following with chart images.
The following methods are used and shown below:
- MULTI TIME FRAME ANALYSIS
- TREND LINES + TREND CHANNELS
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- MACD
MONTHLY TIME FRAME
WEEKLY WINDOW
DAY WINDOW
INNER DAY TIME WINDOW
4h + LONG
4h + SHORT
1h
4h Divergence - MACD - Intraday
> Feel free to discuss this in the comments and share our perspectives, I would be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
ZEEL LONG TRADE (INTRADAY DEC 13)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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ZEEL
Daily : Stock is in uptrend.
15 min : It has taken the liquidity and now in Descending triangle pattern.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
BRITANNIA LONG TRADE (INTRADAY DEC 13)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BRITANNIA
Daily : Stock is in uptrend.
15 min : stock is in range.
*Wait for the range breakout and we could see an upside movement.
THANK YOU !!!!
ADANIPORTS LONG TRADE (INTRADAY DEC 12)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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ADANIPORTS
Daily : Stock is in uptrend.
15 min : It has broken Cup and Handle pattern and it is currently at support level.
*Wait for the opportunity and we could see an upside movement.
THANK YOU !!!!
M&M LONG TRADE (INTRADAY DEC 12)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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M&M
Daily : Stock is in uptrend.
15 min : It has broken Descending triangle and IT has currently also given breakout of Descending Trendline.
*Wait for opportunity at retest level and we could see an upside movement.
THANK YOU !!!!
CADJPY - Potential Short PositionPlease give me some feedback and let me know what you think.
Multi time frame Analysis
1D time frame price is in a strong Downtrend giving a Short Bias
1H time frame price have retraced back to Fib Zone and bouncing off 50EMA and RSI is less than 50% signaling weakness
AUDJPY Potential Long PositionPlease give me some feedback and let me know what you think.
Multi time frame Analysis
1D time frame price is trading in a range and reacted to the Supply Zone giving a Long Bias
4H time frame price breakout of Demand Zone giving a Long Bias
1H time frame price is signaling a Bearish Divergence (I am interoperating this as a corrective/retracement move) and reset at zone to give a Long Bias
Setup and Entry
Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 50EMA to go Long
FREE - EURUSD - Key Levels Mapped Out In this post we have mapped out all of the major key levels to watch over the coming weeks for EURUSD.
They comprise of Monthly, Yearly & Structural Major Key Levels essential for price action in EURUSD charts. For any new followers, you are able to use these key levels to guide your trading decisions and watch for how price reacts to them in order to place trades.
Monthly Key Levels:
Monthly key levels are important because they represent longer-term support and resistance levels. These levels are significant because they can provide traders with a better indication of where the market is likely to move next, and may be used as an entry or exit point for a trade. Long-term support and resistance levels can also be used to identify possible reversal areas and to set profit targets.
Structural Key Levels:
Structural key levels are important because they help traders identify potential areas of support and resistance. These areas are important because they provide insight into the underlying strength of a trend and can be used to identify potential entry and exit points. By analyzing these levels, traders can better determine when to enter or exit positions in order to maximize profits. Additionally, these levels can also be used to indicate when a trend is reversing, allowing traders to position themselves accordingly.
Summary
These are all important levels to be aware of when trading EURUSD. Being aware of these levels will help you to identify potential entry and exit points for your trades, as well as identify potential support and resistance levels. Additionally, it is important to remember that these are just a few of the key levels to watch out for, as there are many other levels that will be important to be aware of. Knowing these levels will help you to make informed trading decisions, and ultimately increase your chances of success in the market.
I encourage you to like, follow, and share to stay up-to-date with the latest news and information on this chart throughout the week.
GODREJCP LONG (INTRADAY DEC 7)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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GODREJCP
Daily : Stock is in uptrend.
15 min : It has broken Descending triangle and has currently made Ascending triangle.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
ADANIPORTS LONG (INTRADAY DEC 7)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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ADANIPORTS
Daily : Stock is in uptrend.
15 min : It has made Cup and Handle Pattern.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
EURGBP LONG MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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EURGBP
Multi-timeframe analysis
Daily view (structural timeframe) : It is at support area.
4 hour (behavioural timeframe) : It has given breakout of "Head and Shoulder pattern" with strong bullish impulse.
1 hour (entry timeframe) : It has given breakout of a Trendline.
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Now we could see upside continuation movement.
Thank You !!!!
IBULHSGFIN LONG (INTRADAY DEC 5)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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IBULHSGFIN
Daily : Stock is in uptrend.
15 min : It has made Descending triangle.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
GLENMARK LONG (INTRADAY DEC 5)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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GLENMARK
Daily : Stock is in uptrend.
15 min : It has broken Head and Shoulder pattern and it is currently at retest level.
*Wait for the bullishness and we could see an upside movement.
THANK YOU !!!!