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OIL: THE CHANCE OF the WEEK? High potential trade!#ChanceHey tradomaniacs, welcome to another free signal! This is a plan for the upcoming Cruide Oil Inventories! We`ve finally seen a waiting market which is currently consolidating after this huge Sell-Off! It seems like the market is just waiting for positive news which are very likely since the OPEX has found an agreement to reduce the output of oil. (Less supply, higher price) The U.S. API Weekly Cruide Oil Stock has shown an amazing result of -10.180m instead of the previous 5.360M! That`s a good difference. I expect the same good results for the Cruide Oil Inventories since the forecast is way higher than the previous result for today! Important: OIL is very volatile! Don`t use tight stop-loss-levels to reduce the risk of SL-fishing! OIL is very very volatile! Beginners should not trade this! Daytrader: Do not re-enter after a loser! You would just burn your money! ---------------------------------------------------------- Type: Day - Swingtrade Buy-Stop: 53,80 Stop-Loss: 50,83 Target 1 INTRADAY: 57,97 Target 2 SWING: 60,00 Target 3: 62,66 Risk-Reward: 2,98 ------------------------------------------------ ---------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:USOILLong
by Trading2ez
2
Elements of a Successful Trading Plan 102SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Elements of a Successful Trading Plan 102 2. Risk Level Managing a risk in trading is essential if a person wishes to make profitable investments. As a trader, one cannot control the market but he/ she do have the capacity to change what can be done as circumstances require. They need to adapt the changes as the market conditions evolve. A person does not take a position and hopes the market acts in your favour. Managing trading risk will be a key factor in an individual’s long term success as a trader. As the market, structure changes, the risk profile of trade will also change. Risk will vary at different points of a trade and needs to be managed in a manner, which is consistent with the individual style of each trader. This will be dependent on each trader’s personality and time frame. Assessing market conditions can be categorised into core areas where one need to consider the risk profile in his/ her trade. This risk needs to be assessed also in line with your trading objectives. Active traders will tend to add and take off risk for each new swing in the market, whilst passive investors will ride minor retracements looking to achieve larger reward targets. Following are some areas where risk can be managed throughout a trade as well as what to look out for at these points that indicate that the risk is increasing; • At Entry: Stop loss risk. • Distance from Moving Average: Price exhaustion risk. • “M” Pattern: Price retest failure risk. • Candlestick Tails and Shadows: Price rejection risk. • Period Close: Price rejection risk. • Reducing Range: Trend momentum risk. • Support or Resistance: Price level failure risk. It is necessary that how an individual plan to address the risk management needs to be included as a critical part of the trading plan in order to protect the invested capital and preserve the profits. One need to have strategies in place for how he will deal with the different areas throughout a trade and how he will know when risk is increasing to a point where action needs to be taken either to protect profits or capital. Follow your trading plan, Remain disciplined and keep learning :) More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
FX_IDC:USDWTIEducation
by SMPTrader
[b]Catching the PIP's with my sonar radar Setup[/b] FX:GBPUSD Description: GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch) MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry positions. Put your S/L within the EMA BB and use MTF EMA and 3EMA as the support and resistance of your positions. Look at the different time-frames to minute, hourly and daily for trends and patterns This is good for intraday/swing trades not scalping short time frames. If you want to scalp look for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation . Good for traders sitting at the desk waiting for the trend confirmation. Very High expected PIPs return when the strategy followed the trend. Good luck traders and happy hunting !!
Education
by razeswag77