Wave Analysis
Important to Understand About Leverage and Your Own EquityHi Everyone! This is simply a brief summary of WHY it's important to understand how to use leverage. We should always start (begin) with how much of our own equity we should allow to be at risk of liquidation. I personally allow myself to use up to 3 percent of my TOTAL equity in a position; while also allowing the price action to move up to 15 percent against my SWING position. This tutorial is referring to SWING trading and NOT scalping.
I'm not going to take the time to write down everything here in the description. The content in the video should be sufficient to help one understand how to determine your position size. Your position size must rely on the following:
How much of my TOTAL equity should I risk in a leverage position?
What percent will I allow price action to move AGAINST my position before liquidating my position?
Knowing those two (2) things (above) helps you determine the proper size of your position and how much leverage you should use in that position to avoid losing more than I intended.
IMPORTANT: MAKE SURE YOU ARE USING ISOLATED LEVERAGE RATHER THAN CROSS LEVERAGE. Why? To avoid losing more of your total equity. Especially, if you did not setup a stop loss. It's best to simply use "isolated" leverage where at all possible.
Remember... This is NOT a detailed tutorial on margin (leverage) trading. The main purpose of this tutorial was simply to point out how to manage the amount of your TOTAL equity you are willing to risk in any given trade... Why? Because doing this also helps you determine what should be the proper size of your position. However, you cannot know the proper size of that position if you do not also factor in how much of a move you will allow AGAINST your position before being liquidated.
I'm not sure if this is confusing or not. It may be quite confusing to many and not so confusing to others. This is why it's best for you to watch the video.
Thank you for your valuable time!
Happy Trading and Stay Aweosme!
David
AW - Bitcoin Crypto Depression Explained - Learn The Waves...In this video I explain to you WHY I am calling it the CRYPTO DEPRESSION.
Not because I like to spread FUD like some simple-minded people would think.
But because I have evidence to back up my claims.
If you want to go against me, you better have some EVIDENCE to back up YOUR claims.
I created AriasWave for this very reason, if I cannot justify putting on a trade using a proven methodology then I will lose money.
How do I prove it? By continuously improving how I use the methodology in real-time in every update I post.
Yes, this is the real deal. Yes, you will find out just how real it is and yes you can learn it.
See for yourself, whenever I post a video, I use a very specific way of labelling the chart.
The complete understanding of every wave that will ever occur in the market and in the exact order will make you UNSTOPPABLE!
If you practice.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
What is Exchange TimeHi Everyone! Someone asked, "What is exchange time?" I hope I provided an explanation as to what "exchange time" is. It's basically whatever time zone the exchange is located. Yes, you could change the time zone in the chart settings to the time zone you are located. However, it's possible you and another person you are talking to might get confused as to when a particular candle begins and how much time remains in that candle.
In my opinion, it's important to have all your charts setup to "exchange time" within the chart settings so that there is no confusion when discussing analytics that involve how much time remains in a particular candle; or how much time has already passed within a particular candle.
I hope this was helpful. Please feel free to add to the conversation with any explanation you may want to add in the comments section.
Stay Aewsome!
David
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published.
Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules.
Entry price based on breakout
No moving target - using flat target.
Entry is done based on risk reward
Not time bound
Intelligently decides whether to place stop order or limit order
Few possible future improvements
Make bidirectional trades possible
Better filters to chose long and short trades or when to trade
Lot can be improved on Wolfe scanner to identify more patterns
Exit strategy - can introduce optional trailing
Thanks for listening. Hope you enjoyed and learnt something from this :)
Trading with Candlesticks Harmony - Above 80% Win RateIn this video I discuss how to use simple wave-analysis and how to use candlesticks harmony in 5 or 15 minutes time-frames to trade with success. This sterategy even works on 1 minute time-frames for some forms of countable harmonies...
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Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. He got deported from Turkey to Iran where he is exit banned now. Alongside trading, he is also wishing to gain the freedom to leave the country. On the other side the silence of the related governmental departments of the U.S. is obvious. There is no answer.
How to Spot Reversal Of Bullish Or Bearish Trend- Elliott Wave Dear traders,
In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea.
Hope you will enjoy the video.
Educational Clarification on Events in DistributionHi Everyone! The purpose of this video was to provide a correction on a statement made in a previous video and to provide further clarification on common events in different phases of distribution when using Wyckoff Method 2.0.
The following link provides a BASIC understanding of Wyckoff Method 1.0 (Classical Wyckoff Method). What I teach is my own MODERN version of Wyckoff Method that I call, "Wyckoff Method 2.0." Here is the link to BASIC understanding of classical wyckoff method: school.stockcharts.com
I do NOT use Point and Figure Charts nor do I use Volume bars like classical wyckoff method. Some may argue I'm not practicing Wyckoff Method if I'm not using Volume Bar Analysis and Point and Figure. Well, to the contrary, I HAVE BETTER TOOLS than Volume Bars and Point & Figure to draw a better conclusion about current events and up-coming events in phases of Distribution or Accumulation. Richard D. Wyckoff would be THRILLED to have these tools I'm using. He did everything MANUALLY back in his day. I guarantee you he would be using the tools I'm using if he were still here with us today.
I hoped this helped provide a bit more clarification about COMMON events in Phases of Distribution for Wyckoff Method 2.0.
Thank you for your valuable TIME and support!
Stay Awesome!
David M Ward Jr
The Shop Model - Trading Mindset This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business.
Let me know what you think,
Cheers for watching
An idea for managing transactionsThis idea helps you to know how control your positions either in profit or loss .
We will tell you when you can close your position in profit and how to manage your position in loss by decreasing entry price
It's all about money management that we will teach you
Our strategy based on :
Price action
Divergence
Golden EMA crosses
Conversion line and base line cross
Zone of buy and sell
Most importantly money management
We wish you could connect to circle of abundance and making a lot of money
How to grow small forex account?Hi, I often get this question how to grow small forex account so I decided to start forex sessions where I will share live trades, when and where to enter/exit, advices, clearing doubts and Q&A session will be followed. We can start with $100 or even less than that. Those who are interested they can Message me. Take care.
What to do when you do not have any good POIsWatch this video to learn how to adjust your thought process when the market does not give you any valid POIs to work with. I struggled with this for a long time.
How To Analyze Any Chart From Scratch - Episode 12Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on HNT, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 10Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on MATIC, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 9Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on EURGBP, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
What is Potential Reversal zone and how to make it?How can we find a Potential Reversal Zone?
Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports?
What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even stronger?
You can find answers to all above questions in this video.
I hope you to enjoy this video and wish you all the best.
How To Analyze Any Chart From Scratch - Episode 6Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on USDCAD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich