Becoming the consistently successful trader you aspire to be requires the creation of a new version of yourself, akin to a sculptor crafting a model. The attainment of financial success is a byproduct of acquiring and mastering specific mental skills. Embracing the mantra "I am a consistently successful trader" entails prioritizing consistency over any other...
It's not a simple question and REALLY matters ALL of the time, so, finding a simple answer is a neat tool to have in the snuff-toolbox.. Here's the quickest, easiest down-n-dirry method for getting closer to an answer. If you look at the ranging areas of the chart. The in-between, sideways, messy, wish-it-didn't-exist areas and draw a rough shape tracing the...
Should you trade consolidation? Well, the real question is are you a consolidation trader? If so, what does consolidation trading look like to you? Not all traders will have the same answer because no trader knows when consolidation will form until it happens. What you will do when it happens is solely based on what you believe to be true based on your beliefs...
A basic concept in price action trading is that when it comes to the analysis process of price, some candles are more valuable than others. By "more valuable" I mean, some candlesticks have more weight in the analysis process of price than others. Before I explain which candles have more inherent value, let me explain a bit of price action philosophy. When it...
We have all been there. You analyze a trade setup. You know how much you're going to risk on a trade. You enter the trade just to come back to your chart and find you've been stopped out. It's not fun. It sucks. You thought the setup would work because you followed you rules. The thing is, the market is the market. In my early stages of trading I hated being...
Contrary to popular belief, when an asset is going up, that doesn't necessarily mean the asset is long biased. It's the same when price is going down; just because price is falling doesn't make that asset short biased. What we see on a chart at first glance often times is just random price movement with no substance. Hence, "Rangy Markets". Price will arbitrarily...
Hey Guys! As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long. First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart. In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry...
Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on...
Hope you find this useful! the levels could be more precise, but just to show you how levels can be useful! Link me on any questions, Cheers, C
Tonight, I will going to talk about XRP. This it's another giant cryptocurrency that nobody talk in this year, and we see in the past days that XRP up ot the top 7 and right now it's entry in the top 5 best cryptocurrency in 2021. Just that Cardano it's another and one of my favorite cryptocurrency, but XRP it's a big competitor with the rest of cryptocurrency, I...