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Riskreward

GBPUSD in bulls control!Based on the chart, price reached a major support area and a strong rejection have happened recently. This happening can show the strength of buyers at this area and on the other side a weakness on sellers because their attempt to pull down the market was failed by a strong Engulfing Candlestick. So based on this scenario I opened a buy position with a good risk reward ratio to me (about 1:3) Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
2
AUDUSD long valid 👍📈ntry details are shown on the chart. Working the M30 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
Can we create the strategy that can wining the market??Hi guys, im guaddi min homie. I will give you two options: 1. Have stable profits in the market on a regular basis 2. Get rich quick in a short time but potentially lose all your profits quickly You will definitely choose the first option,right?. You've heard a lot of people make hundreds of thousands of dollars a day, but that's just the surface,maybe make a profit today, but the next day they will lose more than your profit. In fact, anyone can make money from trading but there are quite a few people who make a steady profit. When people enter their trades on impulse, they can make a profit for a while but can't make a profit in the long run.If you want to be a professional in trading, you must create your own trading strategy. Are professional traders good predictors of the future??? That's definitely not the case. We think we have to learn a lot of this, a lot of that, this indicator, this candlestick pattern To be able to accurately predict the next direction of the market. And of course that's not the case. The key of succes trading is the trading strategy have a good RR ratio and reasonable winrate with that RR. Or perhaps, in some cases your win rate can be very high along with the profit is also very large. To create a stable trading strategy according to the price action method or indicator, the first job is to identify the trend. You can use moving averages or draw trendlines. You can refer to strategies on youtube, forums or create your own strategies with indicators, or simply just resistance, support,...Remember no one strategy can has a 100% win rate,like I said, the win rate is just enough and the RR rate is good. I have a position with 100 USD account, if I win I get 1.5 USD if I lose I lose 1 USD but the win rate of this order is 50%,For every 100 orders like that, my average profit is 25 USD. However in trading, we can raise 50% win higher or 1.5 USD profit to 2 USD profit. You can set a fixed stop loss for example 2USD ,5USD and set the take profit 1.5 times the stop loss.Your risk should only be from 2-4% of your account. Doing so, in the short term you may lose, but in the long term, you will definitely make a profit. I don't rate strategies with high win rate but low return/profit .I just need a strategy that has a 50% win rate with a RR ratio of 1/2 or 1/1.5 Your trading strategy may have a losing streak of up to 5 even 7, but your win rate is 50% with RR ratio 1/2.So in the long term you will never lose.Such losing streaks are extremely normal and you don't need to worry because you still have a long term advantage. I have met people who every time they lose 2-3 in a row the emotional side kicks in and they start trying to develop a better strategy, despite having thoroughly tested their strategy and knowing that It is very beneficial.Because they don't stick to that really good strategy. If you have created a really good strategy for yourself then congratulations, you have a formula for winning the market, all you need to do is be patient and patient,the ratio is quite high in the case that you should not break the trading principle(In cases, you will have to make decisions and those will help you to grow up), and remember just follow the trend. See you in my other posts, thanks.
OANDA:XAUUSDEducation
by UnknownUnicorn24937010
GBPNZD good opportunity for sellers!Based on the chart, price reached a major resistance area and a rejection happened on Friday. This rejection can show us the weakness on buyers and on the other side It can be a good sign of entering new sellers at this area which can weight the sellers. So based on these scenarios it can be a good opportunity for selling at this area which can provide a good risk reward ratio. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
📚EDUCATION: THE BASICS OF TRADING EXPLAINED📚 Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed the basic rules. Trading is as much about pattern recognition and capacity for abstract thinking as it is about the personality type, self-discipline, and specific mindset. The lucky few are born fit for trading, but others might train themselves. Below, is the breakdown of the basics behind the day trading! ✅TRADING IS A BUSINESS NOT GAMBLING 99% of the new traders have unrealistic expectations of the kind of returns trading might deliver. To make matters worse, they do not realize that it will take years of trial and error before they can make trading Their only source of income. These delusions make the newbies treat trading like gambling. To AVOID this, please follow these 4 easy steps: 🔥SET AND KEEP YOUR RISK-REWARD. I recommend risking no more than 1% of the deposit per each trade, which also implies using a variable lot size for every trade, so that no matter the SL size in pips, or the pair you are trading, the dollar value of the RIKS remains the same with each trade. That way, you are in full control of the risks you are taking. 🔥DO NOT GO ALL IN. Sounds obvious, but I’ve seen it so many times. New traders, who lost 70% of the account, GO ALL IN on one trade that they think might help them recover the balance. That is NEITHER a way to trade, nor a way to learn. Slowly losing your account while learning how to trade, is simply a fee that you are paying the market for your education. Accept it or fail. 🔥PROTECT CAPITAL=USE SL I can’t stress this enough and I BEG YOU to use SL. Do NOT enter the trade thinking that if the SL level that you had in mind is hit you will close manually. You will NOT close the position, and the longer you hold it the more is the temptation to wait a bit more because it seems that the reversal is coming soon. 🔥CUT LOSSES Set a daily loss limit. For example, you can Ban yourself from trading for the rest of the day if you lost more than 3 trades in a row. You will enter what is called a tilt most likely, and you will NOT be productive that day. The same goes for a week. Lost more than 10% of the account in a week? Next week NO TRADING for you. Watch the market passively, or trade on the demo! By the way, That can be helpful even for professional traders too! ✅KEEPING A COOL HEAD IS KEY The ideal trader is the one who can set all emotions aside as a robot would, while simultaneously keeping the versatility of the human mind and the intuition, that the machines lack(yet). It is of utmost importance for the new traders to understand that being right about the direction but entering too early or too late is the same as being WRONG because the result will be a LOSS. Here is how to keep cool: 🔥CONTROL YOUR EMOTIONS. Both euphoria and a panic attack are your enemies so the more detached you are, the better. Emotions are for the casino, and we are doing business here, remember? 🔥AVOID FOMO( FEAR OF MISSING OUT) That one applies mostly to the trades that you are not so sure about, but still want to take them, in fear of not making money. And the early entries are determined by FOMO too( what if the price does not reach my limit order, and the trade plays out well, but without ME?) FOMO is Incredibly counterproductive, don't let it control you! 🔥DON’T FOLLOW OTHERS Avoid herd mentality! 99% of traders lose money, so doing what everyone does inevitably lands you in the 99% category. 🔥BUILD A WATCH LIST A LOT of the beginners try to PREDICT behavior of the particular instrument that they decided to trade for some reason, instead of going through the pairs looking for a ready setup that you KNOW works. The former approach leads to finding patterns, key levels, and setups that just aren’t there. Naturally, the result of trading these is an inevitable LOSS.You should Build a watchlist big enough for your to have a choice, and go through it at regular intervals, looking for opportunities but NOT INVENTING them. ✅ CONSISTENCY OVER BOOM-BUST STYLE Consistent trading is the only way to make trading a reliable source of income. Slow but steady gains always beat leap-like boom-bust performance. The psychological pressure of the latter will most likely break you sooner or later, and who needs gray hair in their 30es anyway? That is how you achieve consistency: 🔥FIND A STRATEGY Do the research on multiple trading strategies and pick those that you understand and that are compatible with your personality. 🔥USE PAPER TRADING AND BACKTESTING To select which strategy is right for you, use backtesting to see how the strategy performed in the past. And use paper trading to see how the strategy works in real-time.Once you chose the strategy, go back to paper trading and backtesting to polish it. 🔥TRACK YOUR TRADES Keeping track of your trading! Working with that data is an invaluable tule for the trader, that helps identify your strengths and weaknesses, while also helping you notice patterns in your trading that would have been left unrecognized otherwise. 🔥FORMALIZE YOUR RULES Objectivity is KEY for consistent trading because during the rough patches of the market, being sure of your rules helps you stay in the market, waiting for the tailwind, instead of questioning your strategy or your implementation of it. Create a strict ALGORITHM and follow it step by step. In order to do that, you need to define every element of your strategy as precisely as possible. For example, a level for you is a daily horizontal level with at least 3 touchpoints, a breakout is valid only if the 4H candle closed above the level, etc... The less vague the terms, the fewer emotions will be involved in deciding whether to enter the trade or not. ❗️IN CONCLUSION: If you want to become a trader, remember: 1- It will take YEARS to learn how to trade. 2- You will lose a TON of money in the process 3- You will FAIL with 95% probability. 4-Realistic returns from trading are WAY lower than you think 5-BUT when you succeed, you will set yourself free! Please SUPPORT This Idea By A LIKE and COMMENT!
Education
by TopTradingSignals
2
ETHUSDT getting ready for a drop!Based on the chart, price reached a major resistance area and a rejection happened. However this rejection is not a good proof for selling at this area right now but based on the candlestick formation and the bearish trend, a drop in price would be highly possible. So these scenarios and good risk reward ratio at this area, lead me to consider it as a good potential area for selling. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
2
XAUUSD a bullish movement is highly possibleBased on the chart, price reached a major resistance area and then is strong rejection is about to happening. This rejection can be a good confirm of strength in buyers at this area and on the other side we can see the weakness on sellers. So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FOREXCOM:XAUUSDLong
by Brian_Philips
$BABA - YOLO Adventures 1New day, new series. I am excited to introduce the YOLO (You Only Live Once) Adventures. This is going to be an experiment where I bet $1,000 in options to try and get outsized returns in a short period of time. Of course, I will be using techniques that I have previously mentioned to try and optimize risk/return. On the chopping block, this week is $BABA The main reason for buying this stock is essentially the Chinese Amazon. It is a huge marketplace to buy extremely cheap products. Recently the price has fallen as there has been a crackdown by Chinese regulators which has caused investors to flee the name to reduce political risk. However, things may be about to change. Technically, the stock has seen roughly a 40% reduction. This has caused the stock to overextend its 200-day moving average, creating the potential for a reversal. Additionally, it has bounced twice near the $200 level which could serve as a technical and psychological support level. Furthermore, the stock is approaching a Bullish Wedge Pattern. Any break above the downward trend will serve as a huge catalyst. In some of my options research, the ratio of call to puts is 5-1, a very bullish signal. From TD Ameritrade’s ThinkorSwim platform I derived that there were over 150,000 calls and roughly 30,000 puts on July 21. This suggests that many entities are betting on an increase in price. Today alone there was roughly $18B in call options. Finally, the company reports its earnings on August 3, 2021. I will use this as an exit opportunity as implied volatility usually increases around earnings periods. I will begin entering this trade on the trading week ending July 23. I will average down if the stock continues to sell off and add more around the $200 level. Wish me luck!
NYSE:BABALong
by howdydany
4
DOGE - Risk Management CommentaryOn average, the Cost Basis for DOGE Coin is less than $0.02. Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor' The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses ) - finally throw in the towel and square-up their positions, or worse case, miners etc., those who have a cost basis at much lower prices, dump their inventory - for them at the current price, that's still a very attractive return and still a very real possibility. Of course the inverse is also true - but subject to 'tweet risk' - a different risk driver. So be aware, and plan your risk management accordingly! Good Luck !
BITTREX:DOGEUSD
by Adam-Cox
US30 Analysis & LIVE TRADE US30 is currently in an Uptrend on the Daily Chart when price rejected to close above the Daily Resistance Zone (34954 - 35121). Counter Trend opportunity came on Friday when i saw 1,2,3 Engulfing Candle formation and then entered @the close of the candle with 4:1 R/R. First 3 TP levels achieved, last position still running! Price is currently @ 4HR Support Zone (34660 - 34729) and potential counter trend opportunities on lower time frames if level isn't broken. If 4HR support is broken, I'll be looking at the next Daily Support Zone (34101 - 34400) to find counter-trend opportunities. 4HR Support Zone (34660 - 34729) Daily Support Zone (34101 - 34400) Daily Resistance Zone (34954 - 35121) SL- 108 Pips⛔️ TP1- 108 Pips✅ TP2- 216Pips✅ TP3- 324 Pips✅ TP4- 432 Pips✅
UShort
by Deensesay