Market Overview Part 33!Me Going over My Full Robin Trap Strategy In Deep Detail! And How Many Trades Im In Right NOW!
Riskmangement
How to Apply a Position Size Calculator in Forex Trading
In this educational article, I will teach you how to apply a position size calculator in Forex and calculate a lot size for your trades depending on a desired risk .
Why do you need a position size calculator?
Even though, most of the newbie traders trade with the fixed lot , the truth is that fixed lot trading is considered to be very risky .
Depending on the trading instrument, time frame and a desired stop loss, the risks from one trade to another are constantly floating .
With the constant fluctuations of losses per trade, it is very complicated to control your risks and drawdowns.
A lot size calculation , however, allows you to risk the desired percentage of your capital per trade , limiting the maximum you can potentially lose.
A lot size is calculated with a position size calculator .
How to Measure Lot Size for Trades?
Let's measure a lot size for the following trade on EURUSD.
Step 1:
Measure a pip value of your stop loss.
It is the distance from your entry level to your stop loss level.
In the example on the picture, the stop loss is 35 pips.
Step 2:
Open a position size calculator
Step 3:
Fill the form.
Inputs: Account currency, account balance, desired risk %, stop loss in pips, currency pair.
Let's say that we are trading with USD account.
Its balance is $10000.
The risk for this trade is 1%.
Step 4:
Calculate a lot size.
The system will calculate a lot size for your trade.
0.28 standard lot in our example.
Taking a trade on EURUSD with $10000 deposit and 35 pips stop loss , you will need 0.28 lot size to risk 1% of your trading account.
Learn to apply a position size calculator. That is the must-use tool for a proper risk management.
Kira!& Captain Renzo In a bustling town nestled by the sea, there was a young trader named Kira. Her dream was to navigate the vast and unpredictable market waters, much like a seasoned fisherman seeking the best catch. Her mentor, an old trader named Captain Renzo, often spoke of the market as a treacherous sea full of challenges and opportunities.
"Ahoy, Kira!" Captain Renzo would say with a twinkle in his eye. "The market is our battlefield, and our money is our ammunition. Every trade we make is like casting our net into the ocean."
Kira was eager to conquer this sea of opportunities, but she soon learned that dangers lurked beneath the surface. Captain Renzo taught her about the enemies of trading: Fear, Greed, Rush, and Hesitation.
"Fear can paralyze us, making us doubt our decisions," Captain Renzo warned. "Greed tempts us to chase after more, even when we've already secured a good catch."
Kira nodded, absorbing his wisdom. "And Rush," she asked, "what does Rush do?"
"Rush," Captain Renzo explained, "makes us act hastily without considering the currents of the market. And Hesitation? It causes us to miss out on great opportunities while we stand idle."
As Kira embarked on her trading journey, she encountered these enemies time and again. Fear whispered in her ear during market downturns, urging her to abandon ship. Greed beckoned her to hold on for just a little longer, risking everything for more profit.
But Captain Renzo had taught her well. He emphasized the importance of risk management above all else. "Just like a skilled sailor who knows the tides," he said, "a trader must understand risk. It's the compass that guides us through stormy seas."
Kira learned to beat Fear by calculating her risks before setting sail on a trade. She countered Greed by setting clear profit targets based on risk management principles. Rush was tamed through diligent technical analysis, ensuring she weighed her risks and rewards before casting her net.
One day, Kira shared her struggles with Captain Renzo. "Captain, sometimes I feel like I'm missing out on bigger opportunities."
Captain Renzo smiled knowingly. "Ah, Kira, remember the fisherman's tale. If you catch a fish, be grateful for your catch. Don't throw it back into the sea in pursuit of more. Those who master this patience and discipline become the whales of the market."
Kira nodded, her determination renewed. With each successful trade managed with discipline and risk awareness, she grew wiser and more confident. She knew that mastering these skills was the key to navigating the tumultuous market waters.
And so, armed with Captain Renzo's teachings and her own newfound resilience, Kira set sail each day, ready to face the enemies of trading and emerge victorious in the ever-changing sea of opportunities.
The Being of your story!
we ask Allah reconcile and repay
BTC Scalp Limit Long Entry risk 1 % BTC Scalp Limit Long Entry:
Entry 1: $63,300
Entry 2: $61,264
Stop Loss: Below Previous Monthly Low (PML) at $59,132
Take Profit: $71,398
Risk: 1% of total capital
Ensure to manage risk and monitor the trade closely. #BTC #Trading
A Trading Plan MUST Include A Sound Risk Management StrategyOne of the biggest mistakes a trader can make is to neglect the aspect of risk management. In this video, I divulge the most pivotal lesson I’ve gleaned from my experience in trading. During the initial years of my trading journey, I disregarded the importance of risk management, which proved to be detrimental in a significant way. The watershed moment of my trading career came after incurring substantial financial losses. This experience was a stark revelation of the imperative nature of a robust risk management strategy for trading success. It was an excruciatingly costly lesson. Should you have bypassed dedicating time to understand risk management, you might be on the brink of a potential calamity. By watching this video, I hope you can sidestep the blunder I once made in the nascent stage of my trading endeavors.
Trading Psychology and Your Losses
Hey traders,
In this post, we will discuss a common fallacy among struggling traders: overestimation of a one single trade .
💡The fact is that quite often, watching the performance of an active trading position, traders quite painfully react to the price being closer and closer to a stop loss or, alternatively, coiling close to a take profit but not being managed to reach that.
Fear of loss make traders make emotional decisions :
extending stop loss or preliminary position closing.
The situation becomes even worse, when after the set of the above-mentioned manipulation, the price nevertheless reaches the stop loss .
Just one single losing trade is usually perceived too personally and make the traders even doubt the efficiency of their trading system.
They start changing rules in their strategy, then stop following the trading plan, leading to even more losses.
❗️However, what matters in trading is your long-term composite performance . A single position is just one brick in a wall. As Peter Lynch nicely mentioned: “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
There are so many factors that are driving the markets that it is impossible to take into consideration them all. And because of that fact, we lose.
The attached chart perfectly illustrates the insignificance of a one trading in a long-term composite performance.
Please, realize that losing trades are inevitable, and overestimation of their impact on your trading performance is detrimental.
Instead, calibrate your strategy so that it would produce long-term, consistent positive results. That is your goal as a trader.
Its ok to take a LOSSThis video breaks down how its ok to take a loss even when our plan does work out in the long run. We have to be able to maintain these good risk management habits even if we are eventually right. Because in the event we aren't right on the end we have a much heavier loss that's harder to recover from.
A Trader's Guide to Profitability and SuccessGreetings, fellow traders!
As a seasoned veteran of the financial markets, we've witnessed firsthand the transformative power of trading, its ability to elevate individuals to new heights of financial freedom and fulfillment. Yet, we've also observed the struggles of many aspiring traders, their goals & dreams marred by a lack of guidance and a clear understanding of the intricacies involved.
So, let's delve into the five key aspects that underpin long-term trading success:
1. Crafting a Trading Plan: Your Compass in the Market Storm.
A well-defined trading plan serves as your beacon, guiding you through the turbulent waters of the markets. It's not a rigid set of rules but a dynamic roadmap that adapts to changing market conditions.
2. Unveiling Market Secrets:
To make informed decisions, you must become an astute market detective, meticulously analyzing market trends, economic factors, and company fundamentals. This involves mastering technical and fundamental analysis, and always staying abreast of market-moving news and events.
3. Taming the Risk Beast: Risk Management – Your Shield Against Trading Perils
Risk management is the cornerstone of trading success, shielding you from the perils of impulsive decisions and excessive losses. It's about setting stop-loss orders, limiting position sizes, and diversifying your portfolio – strategies that safeguard your capital and ensure long-term sustainability.
4. Conquering Emotions: Mastering the Emotional Rollercoaster
The financial markets are a psychological battleground, where fear and greed can lead to disastrous trading decisions. To emerge victorious, you must cultivate emotional control, adhering to your trading plan and avoiding impulsive actions driven by fleeting emotions.
5. Embracing Continuous Learning: The Path to Perpetual Trading Prowess
The financial markets are a dynamic entity, constantly evolving and presenting new challenges and opportunities. To stay ahead of the curve, you must embrace continuous learning, stay updated with market trends, explore new trading strategies, and adapt to changing market conditions. Continuously refine your knowledge and skills to improve your trading performance.
Stay tuned for more educational content and don't forget to trade with care!
24-01-24 AUDUSD Long Entry Signal on 4H Chart 24-01-24
AUDUSD Long Entry on 4H Chart
Entry Price: 0.65700
Stop Loss Price : 0.65300 / 40 Pips
Take Profit: 0.66300 / 60 Pips
Risk To Reward : 1 for 1.5
Trade Grade: b +
CONS:
- Momentum more bearish + upside down v-shape (price usually likes to continued in the 2nd leg) of the V)
PROS:
- The price levels have made a solid support zone
- Could be lots of Buy Side Liquidity in the stop loss area
- For every Buy order there needs to be a sell order
A. this is critical for the trade due to the potential shift in the market to bullish
B. The lows have a higher probability to hold due to large Central Banks, Hedge Funds , ETC wanting to hold the lows. So they can buy against the trend to fluid enough liquidity
C. They might Induce market participates into selling in order to produce enough liquidity to cause a bullish leg of momentum to the upside.
D. I accept the risk and I will place a pending order.
Main Goal:
-Increase Win Rate this Quarter. Currently at 44%-
I have Placed a pending order. If anyone needs ideas with trade management please leave a comment.
AUDUSD: Daily Long Signal tagged In on 24-01-23 : UPDATEAUDUSD: Daily Long Signal - 24-01-18
Tagged In on 24-01-23
Entry Price: 0.65700
Take Profit: 0.66780 125 PIP gain
Stop Loss: 0.65100 50 PIP Stop Loss
Risk To Reward: 1 % For a 2.0 % Return
-Placed Pending order and tag into the trade
Trade Management
- Steps if you taken the trade
A. Place Take Profit at
* 0.66555 * Risk To Reward is 1 % for 1.5%
B. Place Stop Loss at
* 0.65055 *
* Max risk of Capital * 1 % MAX ... I Suggest 0.25% due to taking a random guys trade signals
C. Wait Patiently and FULLY ACCEPT THE RISK
Winner Free Signal - Long Trade GBPUSD 4H Trade Entry Winning Signal
Results of Trade Idea
Long Signal Trade
Jan 17th 2024
Results
A.1 Set-up On the 4h chart
Entry Price: 1.26350
Stop Loss: 1.25850
Take Profit: 1.27200
General Take Profit Trade Management
Called 1:2 Risk to Reward on Jan 17th
Hit Take Profit:
Jan 23rd 2024
EURUSD - Update Jan 23rd #1 Short Trade Update Jan 23rd
#1 Short Playbook 4H C.3
No Huge Fundamental News
Trade Data: Entry
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
Trade Management
Step 1: Reduce Risk
Once a old low was broken I moved my stop loss to follow the trend.
Reduced Price: 1.09192
Pips : 5 PIPS
Percentage Reduced: 0.05
Open Risk On trade from original: 0.95 %
Take Profit 1:
Take Profit: 1.08826 / Breakeven
Percentage Gain: Trade at breakeven locked in with a stop loss in place
*See Previous Analysis for more trade data*
1. Currently price is moving down with momentum and I am waiting for a higher Probability Trade Entry Scale In or to move my Take Profit for more percentage gain on trade once the lows are broken
2. Waiting for the price action to show its hand.
Update: EURUSD 24-01-18 Short Trade 1 Short Playbook 4H C.3Trade 1 Short Playbook 4H C.3
-I am in the trade short on a regulated broker (CMC Markets)
- Lot size is 0.01 lots until I am consistently profitable.
- My Entry prices are the same as below.
- I have a take profit in place but I will reduced risk if the market structure present with breaking new lows on the Lower Time Frame
- Grade of trade : c+
(with reading price action and with the current fundamentals news being more bullish than bearish plus it's a friday and they are usually lower probability trading days)
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
4. Price has shifted to the downside on the lower time frame
5. A valid entry model was formed
6. I placed A confirmation entry on the 15m Chart
7. I am waiting to reduce risk or place a take profit with a dynamic trend following risk management strategy
-If you read this far then I really appreciate your support and drive to become a better trader or analysis.
-If you would want me to include more info or a different asset class to trade please let me know. I Love analysing charts :)
-Please follow or like my stuff or don't lol.... just trade safely and include a stop loss with a MAX RISK OF 1%. You can't blow an account in a day if you trade with the well thought out risk structure.
Update: EURUSD short 4h c.3 Trade 1 Short Playbook 4H C.3
Trade Idea 2
1. Price Has hit my area of value. I currently see no downward momentum. The fundamental news are also bullish.
CPI: Positive
2. I will wait for a confirmation liquidity model to present on a lower time frame before placing a short trade.
3. If that happens I will place my trade with a decent size stop loss.
4. If price fully mitigates this resistance zone then I will change my bias to long
Trade Idea 1:
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
AUDUSD: Daily 4h Signal - 24-01-18AUDUSD: Daily Long Signal - 24-01-18
Set-up: 4H A.1
Entry Price: 0.65700
Take Profit: 0.66780 125 PIP gain
Stop Loss: 0.65100 50 PIP Stop Loss
Risk To Reward: 1 % For a 2.45 % Return
Could use a dynamic stop loss and take profit but that's my own personal strategy.
I Also could scale in with my trade plan as well.
Once All risk is off the table
GBPUSD: 4H Long Signal - 24-01-18GBPUSD: 4H Long Signal - 24-01-18
Long Set-up 4H A.2
Entry Price: 1.26650
Take Profit: 1.27250 60 pips
Stop Loss: 1.26350 30 pips
Risk to Reward: 1:2
EURUSD Daily Short Trade SignalDaily Short Playbook C.1
*Counter Swing + Counter Internal*
Entry Price: 1.09500
Take Profit: 1.07850 / 165 Pips
Stop Loss: 1.10500 / 100 Pips
Risk to Reward 1 for 1.6 Reward
GBPUSD Long Set-up Signals Long Signal Trade
A.1 Set-up On the 4h chart
Entry Price: 1.26350
Stop Loss: 1.25850
Take Profit: 1.27200
Note: Alerts are for 2 long trades off previous zone.
Currently:
Trade 1: locked in with 0.14% Take Profit In Place
Trade 2: Open trade with 0.5% risk floating + waiting for a break of the alert to move to reduce risk.
RiskMastery's Breakout Stocks - GLA EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential .
In this edition, we'll be looking at ASX:GLA ...
I believe this code is at a point of potential volatility.
If price can hold above $0.033 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.048 (Conservative)
- $0.057 (Medium)
- $0.075 (Aggressive)
If however price falls below $0.023 ... Bearish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and/or comment below.
MR RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
RiskMastery's Breakout Stocks - CLRB EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential .
In this edition, we'll be looking at NASDAQ:CLRB ...
I believe this code is at a point of potential volatility.
If price can hold above $3.50 ... Bullish potential may be unlocked.
My key upside targets include:
- $5.70 (Conservative)
- $6.80 (Medium)
- $9.95 (Aggressive)
If however price falls below $2.70 ... Bearish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and/or comment below.
MR RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
USDJPY New York Session Buy Recap 51 pipsTook successful UJ buys after price broke resistance, waited for a pullback and entered anticipating price to move up with NY volume.
Looked to target a 4hr wickfill and stops were placed below support.
The most important rule in trading, is to respect you plan 🧠Hello Traders!
Risk management primarily involves minimizing potential losses without sacrificing upside potential. This is often borne out in the risk/reward ratio, a type of cost-benefit analysis based on the expected returns of an investment compared to the amount of risk taken on to earn those returns.
CAKE Basic trend. Working with reversal zones. Money management.Logarithm. Time frame 1 week. Major trend. Combined education and potential trade in ideas.
Pivot zones from key liquidity zones.
The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable.
This is how this trend looks like on a line chart.
Exchanges and surprises. Money management.
CAKE (PancakeSwap) is a decentralized exchange (DEX) token on the Binance Smart Chain, launched by anonymous developers
The coin as an example of similar crypto of the third liquidity group, which lose capitalization, that is, people's faith in the project itself - "the faith of the community is killed". It is quite possible that at one moment the faith in anonymous developers will be "killed" and they will use the existing liquidity for the last time.
I emphasize what blockchain the token is made on and how many bad triggers (FUD and not only) in the info space, not only with the designation “4”.
The idea (long-term trend) is more educational than trading because of the degree of risk (liquidity, “ugly chart” for the future, large depreciation, breaking a long horizontal channel at a very large %). My desire is to trace on a live chart how the fate of two exchanges will be reflected on the price of this token in the future. Liquid, popular, reliable and conditionally decentralized with “anonymous developers”.
Local trend. Work in it (only in it and nothing else). Risk Management.
But, in the local trend at the moment, this coin is interesting to work, especially since the triangle is almost formed and soon the dénouement. Stops will be quite short in the direction of the breakout, that is work. I will post an idea for local-medium term work below.
Take a local profit (maybe substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, it may be the other way around, you will be the lucky one who “made it” before the “sunset”. Learn to take profit from the market, it is better to take a little bit at a time, limiting risks, than to take a potentially large profit (which is what most “sectarians” are waiting for).
In the long run, I highly recommend not getting involved with this or other similar cryptocurrencies. You will be playing casino, and not so much with risk management (risk/profit ratio in trading) but with money management (money management in general, places to store and trade). So stops can be useless in some not quite trading situations.
Note how I've written a lot of information that doesn't really apply to this cryptocurrency directly, but only indirectly, as a potential consequence of more global yet equally potential events .
Observe money management and risk management in trading, diversify where you trade and store crypto assets, this will guarantee a sound sleep in the future. .
Secondary trend + local work. Time frame 3 days. 08 2023
