Downloading...
Download

Consistent

Mechanical Consistency; Gold (XAUUSD) Trade Review for 25 JulyHi, Just sharing my trading journey with you guys! Disclaimer: Not Financial Advise, just sharing my trading journey. Please take it as educational content. Thank you! As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I decide to adopt the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and completely removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making. Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 200 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades. For the trade on 25 July 2023, I manage to profit a 0.5R with my mechanical approach without any analysis.
OANDA:XAUUSD
by Barry_Games_Trading
3
Targets Matter TooIt may not seem like it is very critical, but let's use two traders as an example. Trader #1 on the left uses targets. They know the move may be way bigger than what they target, but every time they close a position, they can re-enter again, keeping a small risk for consistent reward. Trader #2 on the right wants a home run every trade, and they do not use targets. They know big moves happen and they want it (greed) If they risk small, evetually they will get the home run trade, but at what cost? Trader #1 had a great day. They took 7 trades and lost two. Final results +135 points (150 won from 5 x 30, -15 from 2 lost) They had a consistent hit rate, closed several winners, and never had to stress about the charts because their move was over in a few minutes. No grey hairs today. Trader #2 however sees how trader #1 does things, and thinks, "that's no good. All those tiny trades and short targets, they could just make one trade and make HUGE! that's what I'll do...." They see a possible entry, and it works. Price gets jumpy and they get excited "This just has to go forever! I'm rich! Beat that other trader!" They have to go to sleep eventually and let the trade run. When they wake in the morning, they find they were stopped out. How? It left with so much momentum there's no way it would come back! :( Now trader 2 wakes up to a bad trade, which makes the rest of the day terrible. Why couldn't they catch that and close it? It's ok, I'll try again. Set another trade, watch for hours, walk away and same result. Constantly getting stressed and worrying about the stop being hit, because they don't have a target that makes sense. Maybe they do put targets in eventually, but then the "This is a home run!" sets in, and they remove the target, because hey, one trade for 300 pips is better than 10 for 30, it's just logical, right? Stop hit after stop hit, and eventually, the account goes kaput. Had trader#2 copied the target mentality, And set even a slightly beyond reason target, they still have more chance of success than the "Home run hunter" Yes, the 100 r trade is awesome, I'd like to have one. The only problem with hunting that massive winner is it will cost you a lot more than just some money. It will cost you time, stress, sanity, and make your head grey before it's time. So is the home run really worth this? I'll leave that decision to the individual, but numbers don't lie. The trader with targets is doing well. They can even raise their lot sizes with confidence, and know that when they lose 4 times, it's a bad day (Because of R:R) and stop to keep the account healthy. The trader without a target just keeps losing trades, deals with constant excitement and doubt, can't leave the charts, and can never be confident enough to trade beyond a minimum size, because they have been stopped out so many times, what if they take the risk and it (likely) fails, like all the other trades..... And they never grow the account, even if they do all the other things right. They may get profitable, but they won't ever grow exponentially, because the confidence will never agree with the trade, and they won't be able to hold it long enough to be worth it. Targets are where consistency comes from. This is especially true about scalping. DON'T BE GREEDY! Set a target and take the money. Stop letting a fast candle delete your target. Often times, price will run, you remove the target, and u-turn right to the stop loss (probably reaching the target you had). Don't delete a winner and get knocked out by a stop run over volatility. They also can not get a solid statistic for trades, and never gain the certainty in putting the risk on the line. Trader #1 can do whatever they want. They know how often they win, how well the system they use works, and they know about what to expect for a return on a good day, so they can trade any amount and let it run to the target without panic. They know out of 10 trades, they lose 4 times. Because of the R ratio, If they use the same value for the lot stops, they will make money no matter the trades play out..... Comfortable, no greed, certain, and highly profitable to a point of exponential account growth. That's how they do it.... So, pick a R ratio, 1:2-3-4. Use it consistently, and then tally the results. After some practice, you can find a good ratio that works for your trading style. The larger the ratio, the less you will win. The math is on your side though, because 1:3 only needs to win 4 out of 10 times to make money... Pick one that fits your strategy/style/level of patience, and you may find a big difference in your trading consistency. Consistency is what really makes or breaks an account. Consistently hit targets, account will grow. Consistently enter, wait days, and stop out will surely ruin the account over time. Stop the account demise with targets, and ALWAYS have a target if you find yourself breakeven or stopped out often.
Education
by ForexStoryteller
500 pips downtrend.Hi, i have been calling for the GBP fall since last year because the past inflation raised a big flag to many investors. GBP/CHF have been on a decline consolidation mode tending to create higher lows and lower highs. A break around this support level will trigger big sell orders driving the pound to hell. I have accurately predicted the past movements check here : -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Short
by BlaiseThewinner
1
What Is Capital Partitioning ? How will it help you as a trader?Hi everyone: Let's talk about capital partitioning, which is a risk management approach for consistent traders to utilize to allow them to leverage their capital. You may ask what exactly is capital partitioning ? well to simply put it in words, it is basically divide up your trading $ in the current trading account into 2 or more sub accounts. So what's the point of doing that you may ask ? Well, with leverage, a consistent trader does not require to have their entire money deposit into one trading account. They can allocate the asset into different trading accounts to reduce risk as well as trading different markets available Let's take a look here: Say I have a $100,000 trading capital. I understand risk management, trading psychology, and will not over trade, over risk and revenge trade. Hence, it's in my best interest to divide the $ in this account into a different accounts, or simply in a liquid-able account such as a savings account, stocks, bond..etc Here are a few scenarios that you can implement into your trading accounts. Understand that the % to allocate, what other trading accounts to deposit $ into, and how to move around the $ is totally up to you as a trader. The most important is to make sure you are a consistent trader before you approach this type of method. As more accounts you divide your capital into, the more % you will need to risk per account as you need to open bigger position sizes now. Any questions, comments, or feedback welcome to let me know. Thank you I will share other risk management educational videos that can be helpful for you. Risk Management: When/How to move SL to BE and to profit in a running trade ? Risk Management: How to filter trading opportunities if multiple setups are presenting entries: Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management 101 Risk Management: How to set a Take Profit (TP) for your trades Risk Management: How to Enter and set SL and TP for an impulse move in the market Risk Management: How to scale in the impulsive phrase of the market condition? Risk Management: Combine everything you learn to prevent blowing a trading account
BITSTAMP:BTCUSDEducation
by jojofang0901
27
EURUSD forecast / trades takenHey everyone. Please look over the forecast and ask any questions if you are not sure of what i am on about haha. The team took buys and sells last night with the sells following through for some beautiful trades. Around 10% taken in total. Ao right now we have dropped down forming some very nice buy side liquidity for a future move long. Whilst this is the case we can clearly see a very clear daily selling range with Daily sell side equal low liquidity which will get taken out eventually. These points i have marked on are where we will be looking for shifts in momentum to take our trades.
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Please look over the forecast and ask any questions if you are not sure of what i am on about haha. The team took buys and sells last night with the sells following through for some beautiful trades. Around 10% taken in total. Ao right now we have dropped down forming some very nice buy side liquidity for a future move long. Whilst this is the case we can clearly see a very clear daily selling range with Daily sell side equal low liquidity which will get taken out eventually. These points i have marked on are where we will be looking for shifts in momentum to take our trades.
by Bill-from-The-trading-Cartel
EURUSD forecast / trades takenHey everyone. Another successful trading day has passed. Only a couple of trades we taken as forecasted in previous posts. As you can see we have finally broke the 4hr lows which ive been calling for a while and we traded according Closing all positions a few hours before the big news came out. We cut our trades prior to news as i dont want or need random news spikes in my trading, it adds risk and exposure to your account plus its banned by the prop firm who has funded me so its a great way to lose my account all together. Right now we have a massive imbalance in the market above where price is now back into the news candle. This drop tapped into a Demand zone so im expecting a pull back up (long) and will take long trades if they present. If we start seeing bearish flow mitigating ill also take sells however im preferring longs at present
by Bill-from-The-trading-Cartel
US30 UPDATED ENTIRESSimple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains. US30 hit for more than 200 pips from last week's chart. Look on my 'about me' or my bio for more information if you want to know how this works. Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
U
by HustlersCircleFX
EURUSD forecast update and sell running 15%!!!Hey guys. Have a look at my forecast we are approaching a key level and should have a reaction. On my forecasted buy i took a BE. I was well aware it could drop back to mitigate a OB a bit further down and then go long which it did, also it didnt give an entry on the second long that i liked enough to take and then didnt give an entry at the top where i wanted sell. In saying this i managed to grab a nice little continuation down and then missed a scale in. Again like a keep saying master the liquidity or you will be the liquidity. Any questions fire away.
by Bill-from-The-trading-Cartel
1
EURUSD 32% forecasted trade takenHey guys. I Just closed out of EU for a whopping 32% return on investment in one trade. This is after a solid 10% trade long prior and this is all within only a matter of hours. On this forecast is where I’m looking to trade out of in future sessions. Im liking the look of what’s to come on Euro dollar. We are heading in to some really key areas where ill be looking for reversals or continuations on the lower time frames, this week could be a monster. Any questions fire away guys. Have a good day!!
Short
by Bill-from-The-trading-Cartel
6
EURUSD. MASTER LIQUIDITY SO YOU ARE NOT THE LIQUIDITY Hey guys. Ive been a bit quiet on here over the past week as ive been focusing hard on EURUSD and trying to catch all the moves it has to offer. Attached shows that really you only need to trade one pair and if you do this with complete focus it is possible to do 100% a week consistently. At the moment im waiting and seeing if we get a reaction from my POI that we have just tapped into to see if we get a setup. Preferrably i want to see a continuation down to go with the momentum. I planned out the direction to trade (which was trending down) and traded according from Monday banking some huge trades One huge aspect of trading ive learnt is that liquidity operates the same all time frames/ all sessions and if you can master this you can trade whenever you want. MASTER LIQUIDITY SO YOU ARE NOT THE LIQUIDITY
by Bill-from-The-trading-Cartel
My introduction to you: ETH and BlockchainGreetings Traders, My name is Jeedo Jeansipen I am not yet a professional. I trade stocks, forex and Crypto currency. My work field is Contracts Law looking to further my education in Corporate Law and of Real Estate. this is my first ever post so please feel free to give me so feedback as we all here to learn. Now looking at the chart that I am currently showing you, ETH is setting up for a big move enacting a bullish trend touching back on previous broken structure. Now I believe that ETH is on it's way to the 600-700 USD trading range by beginning of February or much sooner. Personally as traders, I believe we need to understand the platforms behind these cryptocurrencies, advantages and disadvantages regarding the use of the currency in the global market. These currencies do have the ability to allow developing countries reach developed status and under developed countries undergo development at a much faster pace because of crypto currency. In conclusion, it is not just about money, it is about the power of connectivity and the potential held in these coins. Please feel free to start a conversation or offer your feedback regarding what you would like to see and furthermore. thank you for taking the time of reading my introduction to what hopefully will change your and your financial situation. We are all here to learn and learn is what we shall do. Jeedo Jeansipen
KRAKEN:ETHUSDLong
by jeansipeninvestments
Consistent Profit with Swing TradingSwing trading is the trading style where you hold your position for multiple days in order to gain profit from price swings. Swing trades work best when the price breaks a critical support or resistance. But problem is how do you know when that level is breached. This is where the stable, robust, TradingView platform plus a suitable indicator like Zeta Breakout comes to your rescue. All you have to do is, open some stock or commodity or index or currency chart at tradingview.com and apply Zeta Breakout indicator on your chart. Then set Buy or Sell alerts to alert you via email or SMS when a critical level is breached. Zeta Breakout detects automatic support and resistance lines dynamically and no manual intervention is required. Though no system is 100% accurate and can deliver guaranteed profits, but this system gives very good win ratio when you follow the signals of this tool with proper money management and risk management. And when 7 years of data is right here to be seen in this video, you need no more proof of the win ratio. Watch this video where Zeta Breakout is working on 7 years of data of Reliance Industries.
NSE:RELIANCE
by jellygill
5
BTC RSI WEEKLY. Consistent 5 years chart.See history of BTC using BLX charts. Whenever it gets near the 55-57 RSI on weekly it dumps hardcore in bearmarket. You can clearly see it is being consistent after 5 year. Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket. dont long this RSI. if your hand is itching to buy just wait for retrace then gamble your money. but longing RSI with massive resistance is just stupid. remember ladies, don't long resistance and don't short support.
BNC:BLXShort
by EzCLAP