Trade Management
UK100 anyone? UK100 also an instrument we trade with the strategy....
TP hitting overnight on this one... +2% gain
GBP/USD: Is this the end? 👀The British Pound gained much value against the USD and rose all the way up to the yellow target area. That being so, we believe that the green wave 5 is completed. From here, the Pound should lose value again, bounce back and then move further down, as it is indicated in the chart. As long as we stay above $1.3483, we do not see any dangers for this scenario.
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0 to 100… Real Quick! ⚡Rumors about a potential run on silver surfaced some while ago on Reddit. At the end of last week, the run started and the silver price made a first jump on Thursday, followed by another sharp increase on Friday. Starting this week, we are experiencing another drastic increase in the price for silver, which also what we expected a long time ago. 😏
Now, it is important that the price does not fall below $28.10. In that case, we will see the price rising above $33. After reaching this mark, we can expect a corrective movement.
Stay trading!
XRP - 2021 starting beautifullyKey:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
4hour XRP
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal .
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone.
What happened Saturday 30th January 2021 or Sunday for APAC weekend session?
We saw the price touch into the imbalance zone of $0.51XX
Price has created a new imbalance at $0.38 whereby the previous liquidity supplies acted as the range top on multiple occasions, however this has now become a demand imbalance where price will look to for further touches for longs.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long despite the recent XRP issues with coinbase and US regulations.
See the original idea here:
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
As with the Cryptocurrencies - expect this take gain further traction.
Zones to watch next.
$0.61 - 0.65
Expect targets to be $0.80 and for longer term investment methods up to $2.00
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Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Oldman Sachs 👴🏾Reddit, WallStreetBets, GameStop, Silver, Dogecoin, Shortselling, Twitter and so on. These key words are currently dominating the financial world. But what comes quickly, fades quickly, too. Let us not be distracted that there are thousands of well-managed and strongly positioned companies that await your investments. While many assets’ future already are gambles in themselves, there are some assets that have withstood time and will almost surely back you in retirement or pay off your children’s and grandchildren’s tuition fees. One of those assets is the Goldman Sachs stock. Currently declining, there might be a great opportunity opening up for an entry within the yellow box. Between $260.49 and $269.12, we expect a turnaround and a soaring Goldman. On its way up, it will surpass the marks of $281.90 and even $317,76, aiming for new peaks. It is important to note, however, that the price should not drop below $260.49, in order to keep the current scenario alive.
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Shining bright like a diamond? ♦️♦️♦️Yesterday’s GameStop phenomenon shook the markets, and the S&P500 took a hard hit, falling under the mark of 3750 points. However, we believe that this shock is short-lived, which means that we expect the S&P to rise again. Before we reach the critical resistance zone, which has been tested several times by the index over last couple of weeks, there is a 38% chance of a larger collapse all the way down below 3608 points. If the S&P500 can breach the resistance at 3868.9 points without collapsing, then we will experience a strong growth going forward.
Stay tuned for more daily updates!
[Risk Management trick] Tilting the "Math" in your favor!We all try to find the strategies which offer best possible win probabilities.
Yet, we often overlook another crucial component of increasing your odds of winning => risk management.
Today, I am going to show you how you can use a simple risk management trick to tilt the "Math" in your favor.
Would you like to increase the output of your strategy by 25% without doing anything extra?
Imagine a 3R win suddenly increasing to 3.75R with no change in the strategy at all.
Consider this trade...
We are trying to setup a sell trade with a very defined -1R risk and +3R profit.
If we were to loose this trade, we will loose 1% of our capital - and if we win, we will make 3% in return (3RR).
Here, we assumed that we'll exit the trade when price moves -1R completely against us.
What if, we pivot our thinking and assume the trade is lost when price has moved -0.8R : because if the trade goes that much against you, there's a very high probability that it'll hit your stop loss too. There is no reason to pretend that it can still turn around at the last moment. Murphy's law truly applies here - "Anything that can go wrong will go wrong".
If we do really pivot our thinking, lets see how it works in our favor!
The Stop loss is now updated and set at -0.8R
So a win will still give us the same 3%, but the loss will only wipe out -0.8% from our account.
Now because our profit targets are still setup as per the original 1% trade, you can now see that we now get this extra reward if our trade hits its original 3R target
The moment we draw 3R as per our new -0.8R stop loss, we get this - You can see how the 3R with -0.8R stop loss is achieved much before than the 3R with -1R stop loss (obviously)!
That means, the extra reward you got when the trade reached your original 3R - is additional profit which you now have - without ever changing your trading strategy!
3/0.8 = 0.75 (which is 25% of your original 3R target)
0.75/3 = 25%
You now have extra an 25% reward for free!
New RR = 3.75
This is a very beautiful math equation for yet another reason!
Imagine you lost your trade with a -0.8R => the additional 0.75R you will achieve (for free) from another trade will extremely quickly cover up anything you lost.
As you can see, we can really use sound risk management techniques & Math to our benefit.
This is called : Tilting the "Math" in your favor!
Tank Half Full or Half Empty? 🛢️This week was a particularly chaotic one for the British Brent oil. While it started strong, it lost almost all its momentum and dropped back to the levels at the beginning of the week. We expect it to further decline in the short run, but also to bounce back before it reaches $53.39. This mark is especially important. Below that price, our alternative scenario gains significant relevance, which now only has a chance of 35% to become our primary expectation. Nonetheless, as we see the price in this market rise above $60 in the long run, we stick to our primary expectation of a further increase in price after this low.
Happy trading!
Off we go! 🙌Except for Robert Kiyosaki, the writer of “Rich Dad Poor Dad”, only a few others seem to talk about silver. However, we might be facing a nice run over the coming days from this metal. We are increasingly confident that it is now leaving the mark of $25.12 behind and moving up to tackle $28.10. This is an important hurdle in our calculation that silver needs to take. After that, and just shy of reaching $29, we expect the price to drop for quite some time – even past $25.12, $24.04, and $23.63. Alternatively, we give a potential breakout over $29 a chance of 35% if silver happens to catch too much fire on its way up.
Stay trading! 🙌