Technical
What to include in your Trading RoutineMost people dive straight into trading without knowing how or why. They also don’t plan ahead.
This is why most people are unsuccessful at trading.
Having a well developed plan is KEY 🔑 to trading success!
Let’s see what in must need in trading routine:
1. Trading Journal 📝
You won’t improve without a trading journal, your whole trading routine is built around your trading journal. The time you’re trading without one is wasted time period.
2. Backtest 📌
Do it every week at least once.
Backtesting increase:
- Confidence in your strategy;
- Self-confidence to execute it;
- Discipline (when you’re confident about your strategy, you are more likely to respect it.)
Tip: Journal your backtested setups.
3. Weekly mental preparation ⏳
Write down things like:
- What are the things you want to work on.
- What are the habits you want to improve.
- What are your goals for next week.
4. Technical preparation 💡
- Make your analysis.
- Study the different price scenarios.
- Prepare your trading ideas.
You can do it weekly or daily depending on your needs.
5. Weekly performance analysis 🎭
Open the psychology section of your trading journal:
- What did you do well?
- What could have you done better?
- What lessons did you learn?
- Realization about yourself, your strategy and the market.
6. Wins and Losses analysis 🌓
- Open the charts of your trades one by one.
- Read your mistakes
- Write down at least one lesson you took from each trade.
Tip: always take a screenshot at the exact entry point of each trade. This allows you to mitigate the hindsight bias and develop your pattern recognition skills.
7. Writing ✏️
Write down your thoughts and emotions on bad days.
It helps you understand your mind and gives you clarity.
It’s a great way to focus on the process and be patient.
8. Activities outside of trading 🚴🏻♀️🚣🏻♂️
You’re going to lose motivation and belief with your trading many times, you need to have extra motivational source.
If you only rely on your trading results to feed your persistence, you ganna give up easily.
If you like this content help me grow ❤️🌱
I’d be happy you add more tips to learn from each other
BTC forecast +20% in deposit signal!▪️Deadline for the deal is 7-10 days. Technically, it looks very nice, we are trading at the lower border of the channel, also pay attention to the indicator below, it signals a buy, you need a short stop count for your risk management.
In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
BTC/USDT 1hr CHART UPDATE!!Hello everyone welcome you all to this exclusive BTC 1hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see from the above-mentioned chart that BTC recalled its previous position after a sharp bounce of 13% from the lower green support level of $21k.
In the current scenario, BTC is about to face its local resistance level of $23.8k.
MACD also printing slightly lighten green bars and it's about to print a bearish cross over.
Here we can see a short pull back to lower levels and bounce towards the price level of $25k.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
SOL falling wedge pattern. Forecast where the price will go?#sol
▪️ Deadline for the deal is 7 days. Solana has formed a Falling Wedge pattern. On the graph, he depicted what the working out will look like!
In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
Ethereum active channel. ETH review !#ETH
▪️ Deadline for the deal is 5 days. Ethereum moves in the channel (marked on the chart). It can work out the "Bearish Flag" pattern. Look carefully at the chart!
In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
AUDUSD REMAINS UNDER PRESSURE Currently the Australian Dollar is trading below 0.6950 area.
Another leg higher is at doubt as price is in a downtrend on the daily timeframe as shown by the trendline.
Price is forming lower highs and lower lows.
The stochastic oscillator with 5 2 2 as the setting is also indicating downward pressure as it is trading below 50.
If the bears continue mounting pressure we expect a drop in price towards 0.6800 or 0.6700
GBPJPY BREAKOUTPair: GBPJPY
Timeframe: 4H
Analysis: Round number level, Strong resistance, volume profile, Currency strength index, trend line, trend break
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Key Takeaway: Broken trend line, volume level and round number
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Level needed: Need to see price hit 166.120
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Trade: Long
RISK:REWARD : 1:6
SL: -37
TP: +220
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Longterm Bitcoin ChartWhile I'm looking for dmi - to reach certain extremes before I feel comfortable claiming reversal is imminent, this old chart implies we could have already tagged the bottom. There's the caveat of the dmi, and if there is another drop, I'd think it would be around ...maybe the 21st, give or take a day. I don't think you're supposed to try to time it cuz you end up looking foolish, I guess. Maybe btc hits 24k first, and if it breaks that...might just be green light to 30k.
USDCAD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....