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Trade Management

🚀 NAS100 BUY closed +6.4% gain! * SELL now running +2.7% What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
OANDA:NAS100USD
by congibb
EURAUD running at a nice +3% acc gain 💪🏼Another great bullish EURXXX pair we are in! this trade still open and running at a 3% acc gain What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
EUR/USD Neutral Decision To Look Out For!!. On the Daily timeframe there is a major area of resistance where the market sold off for a long period of time from this level back in September 2018. . Due to the market reaching the highest highs since 2018, I expect the market to reverse, however there is a possibility price could reach up to the 1.20000 level and the market is just retracing. . As we can see, I have a set-up on the 1H chart where an ascending triangle had formed, the market had broke above the major area of resistance identified on the Daily chart, formed a new high and now the market is moving strongly to the downside, back into this major area of resistance, this could be a retracement and we see a opportunity to get involved in a long position, as we are now at the 78.6% fib level, if we see strong bullish moves, then i will be looking for another break of structure, retest and then enter. . On the other-hand, if the sellers keep control of the market and the level of resistance is respected, then i will look for a break of resistance then a move to test an area of support. From there i will expect the market to retest the area of resistance identified on the Daily chart, i will then expect a break of support and a retest to confirm a shift of support into resistance. If this happens, i will place a sell order from a fib r?etracement. / Comment below if you found this idea helpful, and if you decided to take this trade, did you make profit? :)
by ShaunGadd02
Gold - Trade setups to avoidWe have been posting potential bullish trading signals on Gold and the ways in which to enter this trending market of late, as the probability for these has been very high. Now, the market doesn't trend in a straight line, so when we saw the price in Gold make its way to the $1900.00 level we looked to see if we could get any confirmation selling signals for a potential profit taking opportunity. Its easy for anyone to show profitable trades but we believe that showing examples of why you wouldn't take a trade or what to look for to avoid a potential losing trade is just as important. As you can see from the 15 Minute chart, price started to form a bearish selling 3 drive pattern at the highs just above the 1900 level. When we saw the 3rd and final drive high reject a little lower this sparked our interest. With any price pattern we look to trade we don't want to enter right at the 3rd drive because we have no proof that price will stop there and do what you want it to do. Instead we drew a lower trend line in the hope that price could continue lower and break this to the downside. Until this happens, we are sitting on the fence and staying away. What happened in the end was that the momentum in Gold was still very strong and price actually used the higher 3 drive trend line to retest this on the topside to propel price higher. No break of the lower trend line, no trade. Sometimes its better to walk away and live to trade another day then to let ego get the better of you.
OANDA:XAUUSDEducation
by DavidVillagra
Swing Trading Stocks Trade ManagementThis is a Long Swing Trade I have open using the Elliott Wave Indicator from W5T on the TradingView Platform. The setup and entry for this 5th wave trade was text book in that: 1. The Elliott Wave Oscillator pulled back between 90% and 140% during the 4th wave profit taking pullback 2. The False break out stochastic crossed over in the over sold zone during the 4th wave profit taking pull back against the yellow false breakout bar in the over bought zone during the 3rd wave. 3. The Wave 4 profit taking pullback found support in the amber zone of our automated pullback zones, which represents an 80% probability of our automated 5th wave target zone (in blue on the chart) being reached. 4. The Risk to Reward was over our minimum required 1:1.6 - This include sensible entry and stop loss strategy - This can be seen on the chart. To manage this trade is pretty straight forward: The point of control for us is the price closing above the 50% Reward line (cyan on the fib extension on the chart). Then we move our stop just above the entry to make the trade "Risk Free" Then we Trailing the Stop "Two Candle Behind". So as Yesterday's candle closed above the 100% profit line (yellow fib extension on chart), I adjusted the stop just below the low of the 2nd candle back. In this case locking in 50% profit x Risk. So if you Risked $10,000 on this trade, you would have $5000 profit locked in! We are at a critical point in this current trend as we will be testing the previous wave 3 high and in some market conditions, this is too much and the price turns back down and corrects. This is why we lock in profit. However we have an 80% probability of the price pushing through and reaching our 5th wave target zone and will continue to manage this trade with our "2 candles behind" trade management strategy into the 5th wave target zone, if the price breaks through the previous wave 3 high!
NYSE:WPMEducation
by xBratSoftwareSolutions
WHY CAN´T I BE PROFITABLE??!!Every trader has got himself into a loosing trade. This is simply the part of this game. You will never be able to predict every move correctly. The biggest thing that separates a profitable trader from an unprofitable trader is actually not better technical analysis or more experience. The biggest factors in my opinion are trade management and risk management. These two components will have immense effect on your profitability. With good risk management you can be profitable even if you are right on less than 50% of your trades. Good risk management means you know where you should get into a trade so you can set a stop loss (which upon hitting it should invalidate your entry) relatively close to your entry. This makes your losing trades much smaller than your winning ones. And the result of this ratio will be seen in your profitability through time. On the picture above you can see how one of my last trades went. I got in on the close of the candle marked with a green arrow. The trade then quickly went against me. But with my risk management i minimized the loss by closing the position when it closed below the red support line. I also put a stop(white support line) at a level that would upon breaking very likely invalidate my my long entry. Even though i took a loss i do not regret taking that trade since taking losses here and there is a part of my strategy and it can not be otherwise. Yesterday i also posted about another trade i was playing on the s&p 500. That trade turned out perfect. And with 50% winning rate for that day i made some really nice profit simply thanks to my risk management. Here you can check out how it went You can also go check out my posts from yesterday on why i was taking those trades.
Education
by Mathsio
⭐ STAGES OF TRADER's FORMING ⭐ Hello, friends, today we are talking about STAGES OF TRADER's FORMING 👊🏻👊🏻 💡() - Link for good view!!! Professional growth involves going through several stages. 🔥 1. Unconscious incompetence 💡 randomly opens and completes transactions without a specific trading system; 💡 doesn't care about risk management; 💡 often changes the direction of trade on the spot, following the price; 💡 keeps afloat only for small successful deals and doesn't care about losses at all; 💡 but as soon as loses, motivation immediately runs out. 🔥 2. Conscious incompetence 💡 Do you change your trading system several times in half a year without ever exploring a single one? 💡 You are actively looking at your trading history trying to figure out what you are doing wrong. 💡 Are you still making impulsive mistakes that cost a lot of money? 💡 Do you repeat the same trading mistakes again and again? 🔥 3. The moment of "EURECA" 💡 No longer changes the system, but focuses on main and works with it. 💡 Begins to maintain a trading plan and a trading journal. 💡 The understanding comes, that trade is a daily routine. 💡 Understands, that in order to earn money, he needs to work on all the components of his system. 🔥 4. Conscious competence 💡 Understood the rules of the game and stopped losing money. 💡 Begins to make a steady profit. 🔥 5. Unconscious competence That's a stage of mastery 👊🏻. You follow your trading plan on autopilot.✈ Just one question will help you to verify have you reached the highest level or not: ❗do you feel stress, when you're trading ? If so, then you have not reached this stage.❗ 💡() - Link for good view!!! ✍🏻If you liked my post, put me like, write comments, reviews ... Guys, I'm so happy with your message in PM about your love for me. 😍For me it is priceless!😍 I'll try for you continue to be useful!!! 😘 Together we're a great team !!!👊🏻👊🏻 Always Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
53
Projack's Trade Management Tutorial (5 STAR)This is something about Trades Management (How to manage your existing position) 1. If the trade went well ( You are in profit ) , When Reward / Risk Ratio hit 2:1, Close Half position. (You can also close all, if you feel good enought to take all the Floating Profit, but you will have the opportunity Cost of not be involved in the next trend , Hard to decide? Then Close Half! ) Why? Coz by doing this, even the market goes back and hit your SL, you are still winning? Calculation: 0.5 * 2R - 0.5 * 1R = 0.5 * R , If R is set as 2% of your capital, then Minimum Result it 0.5*2% = 1% (Congratulations! Now you have a 100% Winning Trade with 1% Result, and you are still holding half position with RiskFree) 2. If trend is in your favor, and price hit 4:1 or 6:1 , or maybe 0.618 pull back, or opposit Resistance or Support , Feel free to close another half , which is 1/4 position. 3. If hit 8:1 RR, close all profit, or Move SL to the latest Pivot to trail your profit. You can use 8ema or 21 ema to trail as well. or close all profit when you see price action shows reversal pattern .
FX:SPX500Education
by tntsunrise
49
GBPCHF LONG IN DOWNTREND CHANNEL ;)Hi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. On W1 and D1 i see a downtrend channel. The price touched the bottom of the channel, and it reversed. Uptrend started, it shows my trendline and the 50EMA broken upwards. My stop loss is at 1.18000 Just let that trade run, I will update that idea if I do something with my trade. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Long
by Sparksoffly
3
Key signal to buying Wall Street for 400 points profitDuring the increased volatility you can observe a mild selling of Wall street once open, usually this consolidates withing the first 30 - 60 minutes and results in a bounce back - it certainly did yesterday when a very similar trend was there. The RSI was oversold and the CCI was at a similar level as it was previously when the market came back and then fell again, showing a perfect time to buy and hold for as long as its north of the 100MA line. WallStTraderandCoach - 5+ years of putting my OWN money to work. Turned 10k into 1M+ in first year. ALWAYS use a stop loss and ALWAYS put my own money behind a trade.
OANDA:US30USDLong
by WallStTraderandCoach
Introduction to the BEST Trade ManagerHello traders Let me highlight what the BEST Trade Manager can do for you. The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios. We made it as such the visual rendering is also very nice on mobile devices. Reviewing: - How to connect your own indicator(s) - How to read the graphical elements - The 8 Stop-Loss options - The 4 Take-profit options - The alerts and dynamic alerts for trading automation Links are in my signature for more information about it Wishing you all the BEST for your trading using it. Dave
Education
by Daveatt
8
THE BEAUTIFUL RELATIONSHIP BETWEEN CHART PATTERNSBefore I get into this it is important that you know the points A and B are not valid wave tags but are only on the chart for illustrative purposes. When I first got into the markets, I found myself sticking to a bias based on any first sign or pattern I found on the chart. The beginning of my forex journey is a story full of losses and blowing of accounts. But that is a story for another day. As time went on I observed and realized that the market is dynamic and hence different patterns develop as time proceeds and most time these patterns interact with each other. Since this revelation, I've been able to effectively know when to exit a trade and when it's safe to hold a position until it hits my target. Citing an example above with the CADCHF. I took a short trade from point A about two weeks ago following the rejection of the upper weekly trendline and a break of a lower timeframe ascending channel. Riding to point B I realized I was approaching an area which has previously served as support and is in confluence with a lower daily trendline yet to be confirmed . But I decided to hold on bearing in mind that there was a possibility to break those barriers at the time. As you can see price bounced from Point B and naturally one would panic and dump their position, but not if you know your stuff. Instead of leaving I moved my stop loss right above the suppl zone as you can see on the chart because a break above that would indicate a move to the upside. Observe how price rejected that level and formed a right shoulder right at the supply zone showing that the market wants to move lower. This is how I effectively manage all my position- constant analysis to check for confirmation and invalidation levels. This is how every trader should treat their positions...with care and attention :) Hope you all take something out of this.
Education
by dtonysav
STAR TREK CAPTAIN JEAN-LUC PICARDCaptian Jean-Luc Picard is a character from the series Star Trek. He is many Star Trek fans favorite Captain because of his combination of class, wisdom and wit. This particular statement was spoken to the Android Data who was failing in his attempts to be more human. Tim has found this encapsulated his early trading experiences to a tee. Early in Tim's attempts to be a profitable trader he traded index futures. He had his strategy and was paper trading. He would get four or five winning trades in a row. He felt he knew what he was doing and felt he was ready to try real money. So the next trade setup he took on his real money account and lost, so he returned to paper trading. This cycle repeated itself several times. Losers are part of the statistical game in trading. If he stuck to the real money account those paper winning trades would have been real money winners. These winners would have easily offset the losers. The whole time he felt he was making mistakes. If he did it right it should have been a winner. Understand this, you can get all the rules right and still lose a trade. That's ok, that's life. That's trading. Trading is never a sure thing, it's always about statistic and probability. Just because you had a loser doesn't mean tht you did something wrong. Just because you had a winner doesn't mean you did everything right either. The important thing is to follow your strategy rules, your trade management rules, your risk management rules. If you followed all your rules then you did it right, winner or loser. Trading Maxim's help control your emotional impulses and keep you on the straight and narrow path. A maxim is a general truth fundamental principle, a rule of conduct or a proverbial saying. The purpose of Tim's Maxim's is to motivate you to discipline and trading as well as other areas of your life. We suggest that you start your own list of Maxim's. Things you can say to yourself while you are trading or doing life to make sure you always do the right thing. Feel free to borrow from Tim's list.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
BEING PREPARED & PATIENT YIELDS RESULTS*DISCLAIMER: NOT FINANCIAL ADVISE BUT WHAT WORKS FOR ME* This post is to highlight though we are in a bearish market there are still good opportunities to make great gains if you're prepared and patient. I rarely make intra-day trades when gains are far greater if you can weed out the chop and stay focused on the bigger picture. I.E. in the last 30 days I've been able to achive 40% gains in my active trading portfolio *(excluding hodl, savings, other investment accounts)* using leverage and hodl'n positions 5-15 days. We've seen a 33%ish drop in $BTC price and I was able to capitalize on 21%, I consider the other 9-13% to be educational tax, with a win loss rate of 20:1 (I consider this very fortunate and the trend mainly moved short). *Variety is absolute key, don't put all your eggs in one basket but also don't spread yourself too thin.* This has been achieved through the following steps: Trading plans for both scenarios before entering a position Trading Logs, Record EVERYTHING. The data will uncover trends in your own trading. Trade Management Trading with the trend Many many more but these are the big guys ... A very interesting positions here, we've broke downward of a major trend line (in red) and the neck of the head and shoulders developed by 9k-14k prices on the daily and weekly charts. Looking at the 4hr we've also built a quick inverse head and shoulders just under the red trend line. Lots of contradicting signals here today so I've devised both bullish and bearish scenarios. I suspect the 9MA/18MA on the daily moving into current price action could be the time-frame triggers BULLISH SIGNALS: Bullish divergence on the daily RSI, Price action bottoming out on it's bearish channel, and the 4hr inverse head and shoulders could be a small signal. ENTRY TRIGGERS: Price breaking LONG and a daily close ABOVE 7500 FIRST TROUBLE AREA: 8000 TARGET: 8500 13% MOVE STOP-LOSS: 7300ish PRICE ACTION DEPENDENT BEARISH SIGNALS: Possible weekly close under major trend (In RED) which is now also .618 FIB off the 20K ATH, Major trend being bearish ENTRY TRIGGERS: Price breaking SHORT and a daily close BELOW 6800 FIRST TROUBLE AREA: 6500 TARGET: 6100 and BELOW 12+% MOVE STOP-LOSS: 7000ish PRICE ACTION DEPENDENT At the end of the day I remain long term bearish with the trend, just too risky atm to confirm a bearish move is to follow.
BITFINEX:BTCUSDShort
by SHITSHILLER