Hello Traders Investors And Community, Welcome to this tutorial about Price-Action-Channel-Formation. In markets, there are often price-actions forming that move into channel-formations which can shape into different forms. In this tutorial, I am looking at important channel structure types and how the projections can be assigned to properly object a taget-zone...
How To Make Your Trading Plan In 7 Steps ! ➡️ Choose The Correct Time Frame All traders know what time frames are, but few know that each time frame has a specific way of working. Time frames from 15 minutes to 60 minutes fall under the name of day trading, meaning that all deals will be closed on the same day, whether with profit or loss, and traders call it...
Hello Traders! First of all, I must tell you that trading is 90% psychology 9% is Method and 1% is your deals/trades that you put. Discipline is the most important part of psychology and there are some factors that keep your discipline alive and one of them is Risk Management. The trading method has more importance than RIsk Management and if you are trading...
Hello traders and dear followers! I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you. 1. A strategy that can predict the Target perfectly. 2. At the same time...
Hey. I recently wrote "Where to target and what to do once there?". I am now looking at targets again, but not the "target" target. The "targets" that are in the way. I call them resistances, regardless of them being above or below, since they resist me making money, they resist my position, the price going further. We want to make money, so we improve on every...
I've been bad. I've been greedy with having "strong hands" when I had some 5 to 7R, really should have gotten out when it started retracing. How do I let it go from over 5R to -1? From March-April to September 2020 I got baited. There was oil, there were all the USD trends in summer, and they all went rather far. After this I wanted to keep running my winners, I...
Both holding & not holding don't make sense. Definitions: - Holding = try to hit "homeruns" every time - Not holding = snatching profits at target (not before, that's just being a huge noob) Assume winners 5 times bigger than losers on average: 5R. And the winrate is of 20%. So that's a PF of 1.25, all good. To keep it simple there is no trailing until...
Educational video on the different approaches to setting targets & the importance of having a certain mindset when looking to take profits
________________________________________________________________________________________________________________________________________ Hello Traders Investors And Community. Welcome to this idea about the classical head and shoulder top formation which can be found on smaller timeframes as also higher timeframes. Although there are inverted head and...
I'm Novice, experts please correct me if I'm wrong. On lower side: 2730 Upside target: 3300+
Following on from my previous idea where I showed the next buying point, here is my suggested stop loss and target price for this trade. New!—BuzzWeekly coming soon!
I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit. I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA. However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at...