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Trading Plan

Step-By-Step Guide to Building a Winning Gold Trading Strategy In the today's article, I will teach you how to create your first profitable gold trading strategy from scratch. Step 1: Choose the type of analysis The type of analysis defines your view on the market. With technical analysis you rely on patterns, statistical data, technical indicators, etc. for making trading decisions. Fundamental analysis focuses on factors that drive the prices of gold such as micro and macroeconomics, news and geopolitics. A combination of technical and fundamental analysis implies the application of both methods. For the sake of the example, we will choose pure technical approach. Step 2: Specify the area of analysis Technical and fundamental analysis are complex and multilayered subjects. That is why it is crucially important to choose the exact concepts and techniques that you will apply in gold trading. For example, with a technical analysis, you can trade harmonic patterns, or apply a combination of key levels and technical indicators. With fundamental analysis, you can build your trading strategy around trading the economic calendar or important news releases. Here we will choose support & resistance levels and smart money concepts. Step 3: Select a trading time frame Your trading time frame will define your trading style. Focusing on hourly time frame, for example, you will primarily catch the intraday moves, while a daily time frame analysis will help you to spot the swing moves. You can also apply the combination of several time frames. We will choose the combination of a daily and an hourly time frames. Step 4: Define your trading zones By a trading zone, I mean an area or a level on a price chart from where you will look for trading opportunities. For example, a technical indicator trader may apply moving average as the trading point. For the sake of the example, we will choose support and resistance levels on a daily time frame as our trading areas. Step 5: Choose confirmations Confirmation is your entry reason . It is the set of conditions that indicates a highly probable projected outcome. For an economic calendar traders, the increasing CPI (inflation) figures can be a solid reason to open a long position on Gold. Our confirmation will be a local change of character on an hourly time frame. Step 6: Define your stop loss placement, entry and target selection and desired reward to risk ratio You should know exactly where should be your entry point, where will be your stop loss and where should be the target. We will open a trading position immediately after a confirmed change of character, stop loss will lie below the lows if we buy or above the highs if we sell. Target will be the next daily structure. Minimal reward to risk ration should be 1.5. Step 7: Define Your Lot Size and Risk Per Trade You should have precise rules for the calculation of a lot size for each trade. For our example, we will strictly risk 1% of our trading deposit per trade. Step 8: Set trade management rules When the trade is active, trade management rules define your action: for example, whether you strictly wait for tp or sl, or you apply a trailing stop loss. In our strategy, we will move stop loss to entry 10 minutes ahead of the release of the US news in the economic calendar. Step 9: Back test your strategy Study the historical data and back test at least 50 trading setups that meet your strategy criteria. Make sure that the strategy has a positive win rate. Step 10: Try a trading strategy on a demo account Spend at least a month on demo account and make sure that you obtain positive overall results. If you see consistent profits on a demo account, it is the signal for you that your strategy is ready , and it's time to start trading on a real account. In case of negative results, modify your trading conditions and back test them again, or build a new strategy from scratch. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
5
123 Quick Learn Trading Tips - Tip #7 - The Dual Power of Math123 Quick Learn Trading Tips - Tip #7 The Dual Power of Math: Logic for Analysis, Willpower for Victory ✅ An ideal trader is a mix of a sharp analyst and a tough fighter . To succeed in the financial markets, you need both logical decision-making and the willpower to stay on track. Mathematics is the perfect gym to develop both of these key skills at the same time. From a logical standpoint, math turns your mind into a powerful analysis tool. It teaches you how to break down complex problems into smaller parts, recognize patterns, and build your trading strategies with step-by-step thinking. This is the exact skill you need to deeply understand probabilities and accurately calculate risk-to-reward ratios. 🧠 But the power of math doesn't end with logic. Wrestling with a difficult problem and not giving up builds a steel-like fighting spirit. This mental strength helps you stay calm during drawdowns and stick to your trading plan. "Analyze with the precision of a mathematician and trade with the fighting spirit of a mathematician 👨🏻‍🎓, not with the excitement of a gambler 🎲. " Navid Jafarian Every tip is a step towards becoming a more disciplined trader. Look forward to the next one! 🌟
Education
by Navid_Jafarian
2
Survival First, Success LaterThere was once a stone that lay deep in the heart of a flowing river. Every day, the water rushed past it, sometimes gently, sometimes with force. The stone wanted to stay strong, unmoved. It believed that by holding its ground, it could outlast the river. For years, the stone resisted. It didn’t want to change. It believed that strength meant standing still, no matter how hard the current pulled. But slowly, almost without noticing, the stone began to wear down. The river wasn’t trying to destroy it. The water wasn’t cruel. It was simply doing what rivers do - moving, shifting, carving its own path. One day, the stone realised it wasn’t the same shape anymore. It was smoother now, smaller in places. It hadn’t won by resisting. It had survived by adapting. It had learned to let the river shape it without breaking it apart. The stone couldn’t control the river. All it could do was endure without letting itself be shattered. Trading is NOT so different. The market moves like a river. It doesn’t care if you want it to go left or right. It doesn’t reward those who stand rigid against its flow. It rewards those who learn when to hold their ground, when to let go, and how to survive the constant pull of forces bigger than themselves. This is NOT a story about rivers and stones. It’s a story about YOU. About learning to endure without breaking. About understanding that survival comes not from fighting the current, but from learning how to live within it. Much like the stone, every trader begins with the same illusion, that strength means control, that certainty can be conquered with enough knowledge or willpower. But time in the markets teaches you otherwise. It shows you, again and again, that survival isn’t about resisting the flow. It’s about learning to move with it, to protect yourself from the inevitable storms without being broken by them. And so, this is where the real story of trading begins. Trading often appears simple from a distance. You buy, you sell, you make a profit, and then you repeat the process. But anyone who has spent enough time in the markets will tell you the truth. This isn’t a game of certainty. This is a game of survival. The market humbles you early. It doesn’t care how much you know, how brilliant you think you are, or how much confidence you bring. The market doesn’t reward ego; it breaks it down piece by piece. Almost everyone starts with the same mindset. You want to win. You want to make money. You believe you can figure it out if you study hard enough, work smart enough, hustle more than the next person. But eventually, reality steps in. You begin to understand this game isn’t about knowing where the price will go next. It’s about knowing where you will stop, where you will cut a loss, where you will step aside and wait. The traders who survive are not the ones who chase perfection or seek to predict every move. They are the ones who learn how to lose properly - small losses, controlled losses. Losses that don’t bleed into something bigger, mentally or financially. Most people can’t do that. They fight the market. They fight themselves. They refuse to accept small losses, believing they can somehow force a different outcome. Those small losses eventually snowball. Blowups rarely come from one bad trade. They come from ignoring the small signs over and over again. The market isn’t cruel. It’s just indifferent. It’s your responsibility to protect yourself. Good trading isn’t loud. It isn’t exciting. It isn’t full of adrenaline and big calls. Good trading is quiet, repetitive, and frankly, a little boring. It’s built on discipline, not drama. Your job is to manage risk, protect your capital, and let time do its work. There is no holy grail. There is only process. A process you can repeat with a clear head, day after day, year after year, without losing yourself in the noise. Wins will come. Losses will come. Neither defines who you are. What defines you is how you respond. ⦿ Can you stay calm after a red day? ⦿ Can you follow your plan even after a mistake? ⦿ Can you sit on your hands when there’s nothing to do and trust the work you’ve already done? Patience, in the end, is the real edge. Most won’t have it. They’ll bounce between strategies, searching for certainty where none exists. They’ll burn out chasing shortcuts. They’ll forget that progress comes through small, steady steps taken over years, not through chasing big wins. Trading is a mirror. It reflects your fear, your greed, your impatience. It shows you who you really are. Ignore what it reveals and you’ll keep paying for the same lesson until you finally learn it. In the end, this game isn’t about the market. It’s about YOU. ⦿ Learn to protect yourself. ⦿ Learn to sit with boredom. ⦿ Learn to lose well. ⦿ Learn to wait without losing faith. If you can do that, the market has a way of rewarding you in time.
CME:BTC1!Education
by johntradingwick
5 Proven Tricks to Trade Without FOMO After Missing Your TriggerYo traders! In this video, I’m breaking down what to do if you miss a trading trigger , so you can stay calm , avoid FOMO , and still catch the next move. We’re diving into five solid strategies to re-enter the market without losing your cool: Buy on the pullback zone. Buy with an engulfing candle after a pullback. Buy after breaking the resistance formed by the pullback. Buy after the second wave with an indecision candle. Buy after breaking a major resistance post-second wave, confirmed by RSI or momentum oscillators. These tips are all about keeping your trades smart and your head in the game. For more on indecision candles, check out this lesson . Wanna master breakout trading? Here’s the breakout trading guide . Drop your thoughts in the comments, boost if you vibe with it, and let’s grow together! 😎
SPREADEX:SPXEducation
by SkepticLab
1
In trading, the long way is the shortcut⚠️ The Shortcut Is an Illusion — And It Will Cost You In trading, everyone wants to arrive without traveling. They want the profits, the freedom, and the Instagram lifestyle — even if it’s fake. What they don’t want is the process that actually gets you there. So they chase shortcuts: • Copy signals without understanding the reason behind them • Over-leverage on “the perfect setup” • Buy indicators they don’t know how to use • Skip journaling and backtesting • Trade real money without trading psychology And then they wonder… Why is my account bleeding? Why does this feel like a cycle I can't break? Because: Every shortcut in trading is just a fast track to disaster. You will lose. You will restart. And it will take even longer than if you just did it right the first time. 🤡 The TikTok Fantasy: “1-Minute Strategy That Will Make You Millions in 2025” This is the new wave: A 60-second video showing you a magical indicator combo. No context. No testing. No risk management. Just fake PnL screenshots and promises of millionaire status before next summer. “This 1-minute scalping strategy made me $12,000 today!” And people fall for it… because it’s easier to believe in shortcuts than to accept that real trading is boring, repetitive, and hard-earned. If it fits in a TikTok video, it’s not a strategy. It’s clickbait. ________________________________________ ❓ Looking for a System Without Knowing the Basics Here’s the paradox: Most people are desperate to find a “profitable strategy” — but they haven’t even mastered the basic math of trading. • They don’t know how pip value is calculated • They don’t understand how leverage works • They confuse margin with risk • They size positions emotionally, not based on their account • They can’t define what 1% risk per trade actually means in dollars But they’re out here, loading indicators, watching YouTube “hacks,” and flipping accounts with 1:500 leverage. Imagine trying to perform surgery before learning anatomy. That’s what trying to trade a strategy without knowing pip cost looks like. ________________________________________ 🛠️ The Long Way Is the Fastest Way You want the real shortcut? Here it is: • Learn price structure deeply • Backtest like a scientist • Journal like a professional • Risk small while you're learning • Stay on demo until your edge is proven • Master basic math: leverage, margin, pip value, position sizing This is the long way. But it’s the only way that doesn’t end in regret. ________________________________________ ⏳ Most Traders Waste 2–5 Years Looking for a Shortcut And in the end? They crawl back to the long path. Broke, humbled, and wishing they had just started there from the beginning. The shortcut is a scam. The long way is the only path that leads to consistency. You either take it now… or take it later — after your account pays the price. ________________________________________ ✅ Final Thought Don’t ask how fast you can get profitable. Ask how solid you can build your foundation. Because in trading: ❌ The shortcut costs you everything ✅ The long way gives you everything And the longer you avoid it, the longer it takes.
TRADENATION:XAUUSDEducation
by Mihai_Iacob
10
Learn 2 Essential Elements of Forex Gold Trading In the today's post, we will discuss how Forex Gold trading is structured, and I will share with you its 2 key milestones. Trading with its nuances and complexities can be explained as the interconnections of two processes: trading rules creation and trading rules following. 1️⃣ With the trading rules, you define what you will trade and how exactly, classifying your entry and exist conditions, risk and trade management rules. Such a set of consistent trading rules compose a trading strategy. For example, you can have a following trading plan: you trade only gold, you analyze the market with technical analysis, you buy from a key support and sell from a key resistance on a daily, your entry confirmation is a formation of a reversal candlestick pattern. You set stop loss above the high/low of the pattern, and your target is the closest support/resistance level. Here is how the trading setup would look like. In the charts above, all the conditions for the trade are met, and the market nicely reached the take profit. 2️⃣ Trading strategy development is a very simple process. You can find hundreds of different ones on the internet and start using one immediately. The main obstacle comes, however, with Following Trading Rules. Following the rules is our second key milestone. It defines your ability to stay disciplined and to stick to your trading plan. It implies the control of emotions, patience and avoidance of rationalization. Once you open a trade, following your rules, challenges are just beginning. Imagine how happy you would feel yourself, seeing how nicely gold is moving to your target after position opening. And how your mood would change, once the price quickly returns to your entry. Watching how your profits evaporate and how the initially winning position turns into a losing one, emotions will constantly intervene. In such situations, many traders break their rules , they start adjusting tp or stop loss or just close the trading, not being able to keep holding. The ability to follow your system is a very hard skill to acquire. It requires many years of practicing. So if you believe that a good trading strategy is what you need to make money, please, realize the fact that even the best trading strategy in the world will lose without consistency and discipline. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
6
The Right Way to Manage Stop Loss: Dynamic Logic for Smart ExitsContext In fast-moving markets, static stop losses often sabotage good trades by exiting too soon or too late. This approach uses dynamic, logic-driven stop loss adjustments that adapt to market context instead of sticking to a single fixed distance. ⸻ Key Principles of This Stop Loss Logic Contextual Initial Placement The stop is never just a fixed percentage below entry. It adapts based on recent swing lows/highs, ATR volatility, and trend confirmation signals. Dynamic Extension in Favorable Conditions If price retraces but shows bullish reversal evidence such as deep oversold signals, positive divergence, or compression breakouts, the stop loss is extended instead of closing immediately. This prevents cutting winners during normal pullbacks. Tightening When Momentum Fades If momentum weakens (for example, ADX drops, failed bounce, or resistance rejection), the stop is tightened dynamically. This reduces drawdown if the trend fails. Clear Exit Triggers The system can exit on consolidation breakdowns below support, confirmed bearish reversal patterns, or time-based exits if no continuation happens. ⸻ Examples and Visuals Below, I’ve included chart examples with screenshots from my Multi Crossover Strategy . These images illustrate how dynamic stop loss management behaves in real conditions—showing entries, extensions during retracements, and exits triggered by different scenarios. You can see how the logic responds to changing volatility and trend strength in real time. The "+" signs mark bars where the position would have closed using the default settings of 2.5 ATR Multiplier stop loss. A bullish reversal signal extended the stop, allowing the trade to close profitably instead of at a loss. This example shows an early exit triggered by a consolidation breakdown. The system closed the position before the maximum stop loss was reached, limiting the loss as bearish momentum increased. Example for lower high close to reduce loss. Here, the position was closed after a failed bounce and the formation of a lower high, signaling a likely continuation of the downtrend and helping to reduce the loss before a deeper move. ⸻ Advantages Over Simple Stop Losses Adaptation Stops react to volatility and price structure, not arbitrary distances. Risk Mitigation Dynamic tightening locks in gains faster when momentum fades. Confidence to Stay In Dynamic extension reduces the chance of premature exits during healthy retracements. ⸻ How to Use This Approach When designing your strategy, start by defining a volatility-adjusted stop using an ATR multiplier as the base distance from entry. You can then set a maximum allowable loss in percentage terms to cap risk exposure to a fixed threshold. After establishing your initial stop, consider adding layered adjustments that respond to different levels of reversal risk. For example: ATR Multiplier: the factor used to calculate the initial stop distance based on market volatility. Maximum Loss (%): the maximum risk per trade, defined as a percentage below the entry price. Tight Stop Loss (%): a closer stop level that activates when early signs of a potential reversal appear, such as weakening momentum or minor bearish movement. Bearish Stop Loss (%): a further tightening of the stop distance when stronger bearish reversal signals occur, including failed bounce attempts, lower highs, or clear resistance rejections. This level reduces the tolerance for further losses but still allows the trade to remain open if price stabilizes. Extended Stop Loss Percentage Add-On: an additional percentage beyond the maximum loss cap, temporarily applied if strong bullish recovery signals appear. In addition to these percentage-based stop adjustments, you can define instant exit rules that immediately close the position as soon as specific structural conditions are met. Unlike percentage-based stops, instant exits do not wait for further price movement or confirmation. They are typically used to react to decisive events such as a confirmed breakdown below support, a lower high after a failed bounce, or a sharp rejection at a resistance level. This combination of tightened stops and instant exit triggers allows for a flexible but disciplined approach to managing trades. Pro Tip: Most traders lose because their stops don’t evolve with the trade. Build a logic tree: If trend = strong ➡ extend stop If reversal risk ➡ tighten stop If clear reversal signs ➡ exit ⸻ Disclaimer: This content is for educational purposes only and does not constitute financial advice. Please do your own research before making trading decisions.
Education
by BoyaSignals
Two Brains, One Trade: Why You Freeze Under PressureBy MJTrading: In trading, your biggest opponent isn’t volatility. It’s your own neural wiring. Every trader operates with two main systems: 🧠 System 2 – Rational, deliberate, planning (Prefrontal Cortex) 🧠 System 1 – Emotional, instinctive, fast (Amygdala & Limbic Brain) Before entry, System 2 is in control. You feel calm, logical. But the moment money is at risk—especially in drawdown or after a missed TP—System 1 takes over. 💥 Stress hormones spike 💥 Focus narrows 💥 Long-term thinking disappears 💥 You freeze, or act impulsively You knew what to do. But you didn’t do it. Because in that moment, your rational mind wasn’t driving anymore. ⚖️ Set & Forget vs. Floating Managers Different trading personalities react differently under pressure: 🔹 Set & Forget Traders Rely on automation or predefined exits to bypass emotional hijack. They reduce cognitive load, but often feel regret when price goes “a little more.” 🔹 Floating Management Traders Rely on intuition and live feeling. They stay with the chart, adjusting based on flow. When calm and trained, they shine. But under pressure, they’re more vulnerable to emotional loops: – hesitation – premature exits – revenge tweaks – system betrayal 🧘‍♂️ What can you do? ✔️ Pre-plan decisions Make the hard calls before emotions kick in. ✔️ Mental rehearsal Visualize trade management scenarios—yes, like athletes do. ✔️ Create fallback protocols So if you freeze, your system still knows what to do. 🧠 For Those Who Want to Go Deeper: “Thinking, Fast and Slow” by Daniel Kahneman Understand System 1 & 2 thinking—and how cognitive bias shapes all decisions, not just trades. “The Hour Between Dog and Wolf” by John Coates A stunning look at how biology, hormones, and risk-taking collide in traders' brains. 🔓 Final Thought: If your strategy works in theory, but breaks in real-time— It’s time to work on your neural execution layer. Because in trading, you don’t rise to your level of analysis— you fall to your level of emotional wiring. — MJTrading #NeuroTrading #TraderTypes #TradingPsychology #SetAndForget #FloatingManagement #MindOverMarkets #EURUSD #MJTrading Previous psychology Ideas:
Education
by MJElahifx
2
The Power of Confluence: Building Trade Setups Using 3 Indicator🔵 INTRODUCTION Many traders fall into the trap of relying on a single indicator to make trading decisions. While one tool might work occasionally, it often leads to inconsistent results. The key to consistency lies in confluence — the strategic combination of multiple indicators that confirm each other. In this article, you'll learn how to build high-probability trade setups by combining three essential components: trend , momentum , and volume . 🔵 WHY CONFLUENCE MATTERS Confluence refers to multiple signals pointing in the same direction. When different indicators agree, your trade idea becomes much stronger. It helps reduce noise, avoid false signals, and increase confidence in your entries. Think of it like crossing a busy road: you wait for the green light, check both sides, and make sure no cars are coming. The more confirmations you have, the safer your move. 🔵 WHAT IS CONFLUENCE IN TRADING? Confluence means agreement. In trading, it’s when different methods, indicators, or tools all point toward the same outcome. Think of it like this: One green light? Maybe. Two green lights? Worth watching. Three green lights? That’s a trade worth considering. Imagine you're planning a road trip. You check the weather forecast (trend), Google Maps traffic (momentum), and ask a local for advice (volume). If all three say “go,” you’re more confident in your decision. Trading works the same way — using multiple tools to validate a setup reduces risk and removes guesswork. Important: Confluence is NOT about cramming 10 indicators onto your chart. It’s about using a few that each offer different types of information — and only acting when they align. 🔵 THE 3-STEP CONFLUENCE SETUP 1️⃣ Identify the Trend (Using EMAs) Before entering any trade, you need to know the market direction. You can use: Moving Averages (e.g., 21 EMA and 50 EMA crossover) Structure-based analysis (e.g., higher highs = uptrend) Trade only in the direction of the prevailing trend. 2️⃣ Check Momentum (Using RSI, MACD, or Stochastic) Momentum tells you whether the market supports the current trend or if it's weakening. RSI above 50 → Bullish momentum MACD histogram rising → Acceleration Stochastic crossing above 20 or 80 → Momentum shifts Avoid entering when momentum is fading or diverging from price. 3️⃣ Confirm with Volume (To Validate Participation) Volume reveals the strength behind the move. A breakout or trend continuation is more reliable when it's backed by volume. Look for: Volume spikes at breakout points Increasing volume in the direction of the trend Volume confirmation after pullbacks or retests No volume = no conviction. Watch how the market "votes" with actual participation. 🔵 EXAMPLE TRADE SETUP Let’s say you spot a bullish trend with 21 EMA above 50 EMA. RSI is above 50 and rising. A pullback forms, and volume picks up as price starts to push higher again. That’s trend + momentum + volume lining up = a confluence-based opportunity. 🔵 BONUS: HOW TO ENHANCE CONFLUENCE Add price action patterns (flags, wedges, breakouts) Use support/resistance zones for cleaner entries Combine with higher timeframe confirmation Wait for retests after breakouts instead of chasing Confluence doesn't mean complexity — it means clarity. 🔵 CONCLUSION The best traders don’t guess. They wait for the market to align. By combining trend, momentum, and volume, you filter out weak setups and focus only on the highest-probability trades. Start testing confluence-based setups in your strategy. You’ll likely find more consistency, fewer fakeouts, and greater confidence in your execution. Do you trade with confluence? What’s your favorite trio of indicators? Let’s talk in the comments.
Education
by BigBeluga
20
Let your winners run🧠 Fear | Hope | Growth – When Trading Meets Emotion The message on the chart isn't just poetic — it's real psychology. 🔹 Fear wants to cut your winners short. It sneaks in after a small move in your favor. "What if it reverses? I better lock this in." And just like that, a great trade turns into a missed opportunity. 🔹 Hope drags you into holding too long. It dreams: "Maybe it doubles... maybe this time it'll be massive." But it's not guided by data — it's driven by fantasy. 🔹 Discipline is what sits in the middle. Quiet. Neutral. It doesn’t scream or seduce — it just follows the plan. And that’s where Growth lives — not just on the PnL, but in your psychology. When Bitcoin pushes toward new ATHs, these emotions get amplified. The real question becomes: Can you manage yourself, not just your trade? 📌 A Real Example from My Desk In my earlier BTCUSD idea — “Another Edge – Decision Time” (shared above) — I sent that setup to one of my managed clients. He entered long exactly at the edge of the channel — a clean, strategic buy. Price moved beautifully in our favor… But he manually closed the trade at 106,600 — long before the move matured. Why? Because fear of giving back profit overwhelmed the original plan. The chart was right. The timing was right. But the exit was emotional, not tactical. ✅ The trade made money. ❌ But the lesson is clear: a profitable trade doesn’t always mean a disciplined one. 🎯 Final Takeaway: “Fear kills your winners. Hope kills your timing. Discipline grows your equity and your character.” 🗣 What would you have done in that position? Held longer? Closed at resistance? Let it run toward ATH? Let’s talk psychology — drop your thoughts 👇 #MJTrading #TradingPsychology #BTCUSD #FearHopeDiscipline #LetYourWinnersRun #PriceAction #BTCATH #ForexMindset #CryptoStrategy
KRAKEN:BTCUSDEducation
by MJElahifx
2
The Market Rewards the PatientLast week was probably one of the slowest weeks I’ve ever had. I found two setups, but neither one truly materialized. They just didn’t meet all the conditions in my plan. It was tough. I won’t pretend it wasn’t tempting to drop my rules and chase other strategies just so I could be in the market. But deep down, I knew exactly what I wanted. I want to be consistent . I want to trade like a professional . So I held back. All week, I watched and waited. No trades taken. It was boring, honestly . But that boredom protected my capital. Instead of forcing trades, I spent the entire weekend backtesting , drilling into my strategy even more. I wanted to be sure that when my moment came, I’d recognize it without hesitation. Then this week started. I didn’t know if it would be any different, but I trusted my process and stayed ready. Eventually, one clean setup appeared. I shared it here on TradingView. I managed my risk properly , took half my usual size at just 0.5%, and let the trade run. It almost hit my stop, but I didn’t touch it. It was simple: either TP or SL . And this time, it hit TP. A clean 1:4. This was a powerful lesson. Following my plan didn’t just lead to a winning trade. It protected my capital all of last week when the market wasn’t offering quality setups. That patience and discipline paid off. That’s how you build consistency. That’s how you survive long enough to catch the trades that truly matter.
Education
by J4mesWick
3
9 Essential TIPS For Newbie Traders (Learn from my Mistakes!) In the today's article, I will reveal trading secrets I wish I knew when I started trading. 1️⃣ Forget about becoming a pro quickly Most of the traders believe, that you can learn how to trade easily and that it takes a very short period of time in order to master a profitable trading strategy. The truth is, however, that trading is a long journey. I spent more than 3 years, trying different strategies and looking for a profitable technique to trade. Once I found that, it took more than a year to polish a trading strategy and to learn how to apply that properly. Be prepared to spend YEARS before you find a way to trade profitably. 2️⃣ Focus on One Strategy While you are learning how to trade you will try different techniques, tools and strategies. And the thing is that newbies are trying multiple things simultaneously. The more strategies you try at once, the more setups you have on your chart. The more setups you have on your chart, the more complex and difficult is your trading. Remember that in this game, your attention is the key. You should meticulously study each and every trading setup. For that reason, I highly recommend you to focus on one strategy, one approach, one technique. Test it, try it and look for a new one only when you realize that it doesn't work. Here is the example how the same price chart can provide absolutely different trading opportunities depending on a trading strategy. Price action pattern trader would recognize a lot of a patterns, while indicator based trader could spot absolutely different bullish and bearish signals. Now, try to imagine how hard it would be to follow both strategies simultaneously. 3️⃣ Start with small capital that you can afford to lose You will lose your first trading deposit and, probably, the second one and potentially the third one as well. Losses are the only way to learn real trading. While you are on a demo account, you feel like a king, but once you start risking your savings, the perspective completely changes . For that reason, make sure that you trade with an account that you can afford to lose. The fact of blowing such an account should be unpleasant, but that should not affect your daily life. 4️⃣ Use stop loss I am doing trading coaching for more than 4 years. What pisses me off is that the main reason of the substantial losses of my mentees is the absence of stop loss. Why can it be if naturally everyone: from your broker to Instagram trading gurus repeat that day after day. Set stop loss, know in advance how much you risk per trade, and know the exact level on a price chart where you become wrong. Imagine what could be your loss, if you shorted USDJPY and hold the trade while the market kept going against you. 5️⃣ Forget about getting rich quick That is the iconic fallacy. I believe that around 90% of people who come in this game want to get rich quick , want easy money. And no surprise, when I share a trading setup in my free telegram channel, and it loses I receive dozens of messages that I am a scammer. People truly believe that professional trading implies 100% win rate and quick and easy money. The truth is, traders, that trading is a very tough game. And with a good trading strategy, you have just a little statistical edge that will give you the profits that would slightly overcome your losses. 6️⃣ Train your eyes Professional trading implies pattern recognition: it can be some technical indicators pattern, the price action or candlestick formation, etc. Your main goal as a trader is to learn to identify these patterns. Pattern recognition is a hard skill to acquire. You should spend dozens of hours in front of the screen in order to train your eyes to identify certain patterns. Here is how many patterns you would spot on GBPUSD chart, paying close attention. 7️⃣ Track and analyze your trades Study all the trades that you take, especially the losing ones. Look for mistakes, look for the reasons why a certain setup played out and why a certain one didn't. Journal your trades and make notes. 8️⃣ Don't use technical indicators Newbies believe that technical indicators should do the work for them. They are constantly looking for one or a bunch that will accurately show where the market will go. However, I always say to my mentees that technical indicators make the chart messy and distract. If you just started trading, focus on a naked chart, learn to analyze the market trend, key levels, classic price action patterns. Learn to make accurate predictions relying on a price chart alone. Only then add some technical indicators on your chart. They won't do the work for you, but will help you to slightly increase the accuracy of a certain setup. Above is the classic chart of a newbie trader. A lot of indicators and a complete mess The same chart would look much better without technical indicators. 9️⃣ Find a Mentor There are hundreds of trading mentors on Instagram, YouTube, TradingView. Find the one with a trading style that you like. Follow him, learn from his trading experience, listen to his trading recommendations. 11 years ago I found a guy on YouTube, his name was Jason. I really liked his free teachings, and they were meaningful to me. I decided to purchase his premium coaching program. It was 200$ monthly - a huge amount of money for me at that time. However, with his knowledge I saved a lot, I learned a lot of profitable techniques and tricks that helped me to become a professional forex trader. Of course, this list could be much bigger. The more I think about different subjects in trading, the more important tips come to my mind. However, I believe that the tips above are essential and I truly wish I knew all that before I started. I hope that info will help you in your trading journey! Good luck to you. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
12
My Ideal Elliott Wave Entry ModelThe IMSETT 3/C Entry Model. Every trader wants to catch the big moves the ones that pay quickly and decisively. In Elliott Wave, those moves often come during Wave 3. It's the strongest part of the trend, and when you're positioned early, the risk-to-reward is unmatched. But not every opportunity hands you a clean Wave 3 on a silver platter. Sometimes you’re looking at a Wave C instead. That’s where the 3/C Entry Model comes in. It’s designed to get you aligned with high-conviction moves—whether the market is in a trend or a zig zag. Here’s the edge: both Wave 3 and Wave C often start the same way—a strong, motive push off an AOI (area of interest), followed by a retracement. That shared structure gives us an anchor. Whether we’re labeling it a 3 or a C doesn’t change the fact that the initial impulse gives us clarity, direction, and a place to manage risk. That’s what the IMSETT Model is built around: Identify Motive Scout Entry Plan Track Trade Each step is focused, actionable, and repeatable. You're not trying to outguess the market—you’re reacting to structure, preparing for common behavior, and executing with intent. I do have a video with a walk through. This just the way I look for clarity in setups. As with everything in trading, nothing will work every time so do your own research this is not financial advice. Cheers! Trade Safe, Trade Clarity.
Education
by CryptoKnee
From Congestion to Collapse: Understanding Distribution and H&S A Simple Lesson: How to Identify Congestion Zones in the Market — Schabacker’s Approach and the Head and Shoulders Pattern ⸻ 👤 Who Was Schabacker? 🔹 Richard Schabacker was one of the pioneers who authored seminal works on technical analysis. 🔹 He lived over 90 years ago and served as Editor-in-Chief of Financial World magazine. 🔹 His most notable book is: Technical Analysis and Stock Market Profits 🔹 Published around 1932 in the United States. 🔹 Schabacker is often considered the “grandfather” of technical analysis, and much of the methodology traders use today can be traced back to his insights. ⸻ 🟢 What Did He Teach? 🔹 Schabacker introduced a critical concept: ✅ The Congestion Zone 🌟 What Does It Mean? When the market makes a strong move—either a sharp rally or a steep decline—price often becomes trapped in a range: • Buyers at higher levels wait for further gains. • Sellers at lower levels expect more downside. But in reality, retail traders aren’t moving the market. Large institutions and funds—the so-called smart money—are in control. 👈 When these big players want to exit positions, they avoid selling everything at once to prevent a sudden collapse in price and to avoid revealing their hand. ✅ Their Playbook: • Keep price contained within a narrow band between support and resistance. • Gradually increase volume over time. • Attract new buyers who believe the trend is still intact. • Quietly distribute their holdings without alarming the market. 🌟 Why Do They Do This? If they were to dump all at once: • Price would drop rapidly. • Everyone would realize a large seller was active. • Institutions would get stuck, unable to exit at favorable prices. 🔻 So They Create Congestion and Distribution: 1️⃣ Sell discreetly over time. 2️⃣ Maintain the illusion that the trend is healthy. 3️⃣ Trap latecomers who buy into the range. ⸻ 🟢 How Do You Recognize This on a Chart? 🎯 A Simple Example: • Price climbs steadily from 3,000 to 3,300. • Suddenly, it surges to 3,450. ✅ Most traders think the rally will continue. 🌟 What happens next: • Price stalls between 3,380 and 3,450. • Numerous candles form in this area. • Volume remains elevated. 🔥 Inside this range: 1️⃣ Institutions sell into every upward move. 2️⃣ Early buyers remain committed, hoping for new highs. 3️⃣ New participants enter, unaware of the distribution. 🔻 What Do You See? • Repeated candles oscillating within the same band. • Failed breakouts above resistance. • Sustained high volume. ✅ This is the classic Congestion Zone. ⸻ 💡 How Can You Tell If It’s Distribution, Not Accumulation? • Persistent high volume indicates steady selling. • Price struggles to make fresh highs. • Long upper wicks signal selling pressure. • A Head and Shoulders pattern may start forming. ⸻ 🎯 What Happens After Congestion? • Institutions complete their distribution. ✅ Price breaks sharply below the range. ✅ The market drops quickly. ✅ Late buyers are forced to sell at losses. ⸻ 🟢 Practical Illustration: Visualize the range like this: | | | The Range | | | 3380 ————> Resistance | Multiple Candles | | Multiple Candles | | Multiple Candles | 3300 ————> Support and Neckline ✅ If price breaks below 3,300 on heavy volume: • The distribution is complete. • Price declines rapidly. ⸻ 📌 Key Takeaway: After any strong move, expect congestion as large players exit. Once they’re done, the trend often reverses. ⸻ 🎯 Quick Tips: ✅ Never rush to buy inside congestion after a big rally. ✅ Watch volume—if it’s high, it’s likely distribution. ✅ Wait for a clear breakdown before shorting. ✅ Your target should at least match the size of the preceding move. ⸻ 🔥 Let’s Cover the Head and Shoulders Pattern: ✅ What Is It? A reversal pattern appearing after a strong uptrend, signaling the end of bullish momentum. ⸻ ✅ Pattern Components: 1️⃣ Left Shoulder: • Price makes a high. • Pulls back. 2️⃣ Head: • Rallies to a higher high. • Declines again. 3️⃣ Right Shoulder: • Attempts to rise but fails to exceed the head’s high. 4️⃣ Neckline: • Connects the lows between the shoulders and the head. 🔻 When the Neckline Breaks Down: It’s a strong sell signal. The market often drops decisively. ⸻ 💡 Example in Numbers: • Price moves from 3,200: 1️⃣ Up to 3,350 (Left Shoulder) 2️⃣ Down to 3,300 3️⃣ Up to 3,400 (Head) 4️⃣ Down to 3,300 5️⃣ Up to 3,350 (Right Shoulder) 6️⃣ Down to 3,300 ✅ If price closes below 3,300 on strong volume, the pattern is confirmed. 🎯 Target Calculation: • Head = 3,400 • Neckline = 3,300 • Distance = 100 points • Target = 3,200 ⸻ 🟢 How To Trade It: 1️⃣ Don’t preemptively sell during the right shoulder. 2️⃣ Wait for a confirmed breakdown. 3️⃣ Enter a short position targeting 3,200. 4️⃣ Set your stop loss above the right shoulder. ⸻ 🟢 Final Advice: ✅ The Head and Shoulders is powerful if confirmed by volume. ✅ Always wait for the neckline break—otherwise, it could be a false signal. ✅ Keep monitoring volume for confirmation. ⸻ 🔥 Be disciplined in your analysis and decisive in your execution. 🔥 As Warren Buffett said: “The stock market is a device for transferring money from the impatient to the patient.” ⸻ If you found this valuable, let me know—I’d be glad to prepare more lessons. 🌟
FX:XAUUSDEducation
by ICHIMOKUontheNILE
XAUUSD Traders – The ONLY Timeframes That Matter🎓 XAUUSD Traders – The ONLY Timeframes That Matter If you want to stop being a liquidity snack for the big players, you must know which timeframes actually reveal what the market makers are doing. Here’s your complete educational guide for XAUUSD: ⸻ 🔍 1️⃣ The 4-Hour (4H) – The Market Maker Blueprint ✅ Why Watch It? This is where the real accumulation and distribution happens. Market makers build and unwind positions over multiple sessions—London and New York. If you want to see the big plan, this is your chart. ✅ What to Look For: • Strong rejection candles near key resistance (3330–3350). • Fake breakouts with no follow-through. • EMA21 and SMA50 acting as dynamic resistance. • High-volume candles marking where the big boys stepped in. 🎯 Tip: If the 4H chart is bearish, every bounce on smaller timeframes is suspect. ⸻ ⏰ 2️⃣ The 1-Hour (1H) – Timing the Trap ✅ Why Watch It? 1H is perfect for seeing the moment the trap is set. This is when price pumps into resistance or dumps below support—just enough to trigger stops. ✅ What to Look For: • Quick rallies on low volume (pump phase). • Reversal candles forming right after a breakout. • Delta flipping negative as price pushes higher (hidden selling). 🎯 Tip: Combine 4H structure with 1H confirmation—this is where precision timing happens. ⸻ 🎯 3️⃣ The 15-Minute (15M) – Entry Execution ✅ Why Watch It? 15M shows micro-structure and liquidity hunts. This is where you confirm whether that big 1H candle was real—or just a head fake. ✅ What to Look For: • Sharp wicks that stop out traders (liquidity flush). • Tight consolidation after a failed breakout. • Rejection patterns before price reverses. 🎯 Tip: Use the 15M to pull the trigger—not to overthink. ⸻ 📅 4️⃣ The Daily – Bias Confirmation ✅ Why Watch It? Daily sets the macro tone. You must know whether you’re fighting the bigger wave. ✅ What to Look For: • Where price closed relative to EMA21 and SMA50. • Big bearish engulfing candles. • Volatility expanding or contracting. 🎯 Tip: If daily is bearish, you have extra confirmation to fade pumps. ⸻ ⚔️ How to Combine These Timeframes Here’s the professional workflow: 1️⃣ Daily – Define bullish or bearish bias. 2️⃣ 4H – Spot the setup zone (accumulation or distribution). 3️⃣ 1H – Watch the trap unfold. 4️⃣ 15M – Execute your entry with surgical precision. ✅ This is how you stop chasing noise and start trading structure. ⸻ 💡 Pro Wisdom: “Retail traders react to price. Professionals react to price and context.” — Technical Analysis and Stock Market Profits ⸻ 🚀 Trade smart. Study structure. Outsmart the herd. #XAUUSD #ForexEducation #PriceActionTrading #MarketMakerSecrets #LearnToTrade
FX:XAUUSDEducation
by ICHIMOKUontheNILE
2
XAUUSD Market Maker Playbook – Learn How the Game Is Rigged🎓 XAUUSD Market Maker Playbook – Learn How the Game Is Rigged Traders—if you think this market is some pure, fair supply/demand mechanism, you’re getting played. Market makers run sophisticated pump and dump cycles designed to trap you. Today, I’m going to break down exactly how they do it, so you can start trading like a sniper, not a sheep. 🔍 Understanding the 3 Manipulation Zones 🟢 GREEN ZONE: Accumulation Range (3286–3300) Purpose:
 Market makers quietly build positions. They create an illusion of neutrality—small candles, tight ranges. Signs:
 Repeated tests of the same level. Volume stays steady (not exploding). Wicks in both directions (so nobody knows who’s in control). 🟡 YELLOW ZONE: The Pump Phase (3300–3330) Purpose:
 Trigger breakout traders. Induce FOMO buying. Clear out short stops above the range. Signs:
 Quick impulsive candles with LOW RELATIVE VOLUME. Price blows through resistance but struggles to hold. Social media and news start calling “Bull Run.” 🔴 RED ZONE: Distribution & Dump (3330–3350) Purpose:
 Offload large positions into retail buying. Leave traders trapped at the highs. Signs:
 Spikes of huge volume as price stalls. Rejection candles (long upper wicks). Big delta shifts negative (sellers hitting bids hard). ⚔️ How the Market Maker Sequence Works Here’s how the trap gets set: 1️⃣ Accumulate in Green Zone Build inventory while convincing everyone “nothing is happening.” 2️⃣ Pump into Yellow Zone Push price up just enough to trigger momentum traders. Keep volume deceptively low—so it looks sustainable. 3️⃣ Sell in the Red Zone Dump big positions into the buying frenzy. Flip the tape bearish—fast. Watch as the herd gets stopped out or bag-held. 🎯 Tomorrow’s Possible Plays ✅ Scenario 1 – Classic Pump & Dump Phase 1: Grind in 3286–3300. Phase 2: Spike to 3335. Phase 3: Dump back to 3260. ✅ Scenario 2 – Fake Breakdown Reversal Phase 1: Slam price to 3250, triggering panic selling. Phase 2: Accumulate aggressively. Phase 3: Rip price back to 3320, trapping shorts. ✅ Scenario 3 – Slow Grind Liquidation Phase 1: Drift up in low volume toward 3330. Phase 2: Distribute over several hours. Phase 3: Liquidate longs into NY close. 📚 How YOU Can Spot This Manipulation Here’s your checklist—save this: ✅ Volume vs. Price Analysis Big price moves WITHOUT proportionate volume = FAKEOUT. Big volume at tops/bottoms = Institutional distribution or accumulation. ✅ Delta Confirmation Positive delta = buyers aggressive. Negative delta = sellers slamming bids. Watch for divergence (price up but delta down = hidden selling). ✅ Candlestick Clues Rejection wicks. Engulfing candles at key zones. Multiple failures to break past a level. ✅ Timing London open and NY open are prime manipulation hours. Thin liquidity in Asia can exaggerate moves. 💡 Pro Tip: “The crowd chases price. The professionals track volume, delta, and timing.” — Technical Analysis and Stock Market Profits 🚀 Stay sharp. Think like a market maker. Trade like a predator. #XAUUSD #MarketMakerEducation #ForexTrading #PriceAction #LearnT
FX:XAUUSDEducation
by ICHIMOKUontheNILE
Mastering Delta–Volume Divergence 🎓 Mastering Delta–Volume Divergence: How to Read Institutional Absorption and Trap Setups ⸻ 1️⃣ What Is Delta? Delta measures the net aggression between buyers and sellers: • Market Buys: traders lifting the ask • minus • Market Sells: traders hitting the bid ✅ Positive Delta indicates stronger buying pressure. ✅ Negative Delta indicates stronger selling pressure. Delta shows who is initiating trades, not just that trading is occurring. ⸻ 2️⃣ What Is Volume? Volume measures the total number of contracts traded, regardless of who initiated them. Every matched buy and sell contributes equally to volume. Volume reveals activity, but not who controls the move. ⸻ 3️⃣ What Is Delta–Volume Divergence? Delta–Volume Divergence occurs when: ✅ Volume is high (lots of trades happening), ✅ But Delta is near zero (neither side dominates). This signals: • Intense two-sided activity between buyers and sellers, • Strong participation on both sides, • Passive absorption—institutions quietly filling large orders without moving price significantly. ⸻ 4️⃣ Chart Breakdown – Bar by Bar Below is a clear example of this concept in practice, reviewing each daily bar from your footprint chart: ⸻ 🔴 June 24 • Delta: -8,240 (strong net selling) • Volume: 575,720 (very high) • Interpretation: • Heavy, aggressive selling. • Clear trend-confirming action. • No divergence. ⸻ 🟢 June 25 • Delta: +4,650 (net buying) • Volume: 343,990 (moderate) • Interpretation: • Counter-trend buying or short covering. • Less volume and less conviction. ⸻ 🟢 June 26 • Delta: +2,690 (mild net buying) • Volume: 416,820 (higher) • Interpretation: • Rising volume but weaker delta. • Early sign of balance developing. • Possible absorption beginning. ⸻ 🟨 June 27 (Critical Bar) • Delta: +272 (near zero) • Volume: 540,310 (very high) • Interpretation: • Huge volume churn. • Neither buyers nor sellers in control. • Likely institutional absorption of aggressive orders. ✅ This is a textbook example of Delta–Volume Divergence. ⸻ 5️⃣ Why This Matters Professional Insight: • Sellers had been aggressive for several sessions. • Suddenly, volume remained elevated, but delta flatlined. • This suggests: • Exhaustion of selling aggression, or • Institutional accumulation and passive positioning. This often sets the stage for: • A trap reversal (short squeeze), or • A continuation flush if sellers regroup and push lower. ⸻ 6️⃣ Confirmation Scenarios Scenario A: Bearish Continuation • Watch for renewed strong negative delta (e.g., -5,000 or worse). • Price remains below the last support (~3,250). • Confirms absorption failed and sellers remain dominant. Scenario B: Short Squeeze Reversal • Price reclaims the VAL (~3,285–3,300). • Delta flips strongly positive (+5,000 or more). • Trapped shorts begin covering, driving price back toward supply. ⸻ 7️⃣ Common Misinterpretation ⚠️ High volume alone does NOT mean momentum. Key Point: If delta is flat, high volume simply means churn, not directional energy. This is why inexperienced traders often get caught: • They see heavy volume and assume a breakout is underway. • In reality, the market is absorbing liquidity to trap both sides. ⸻ 8️⃣ Professional Tips for Trading Divergence ✅ Wait for confirmation before entering: • Clear delta shifts, and • Price reclaiming or rejecting key levels. ✅ Be aware of stop zones: • Under recent lows if buyers fail, • Above recent range if sellers get exhausted. ✅ Avoid trading during pure churn without clear follow-through. ⸻ 9️⃣ Quick Recap ✅ Delta–Volume Divergence: High volume, flat delta, no clear directional control. ✅ Typically signals absorption and position buildup. ✅ Requires confirmation before committing to trades. ✅ Recognizing it helps you avoid traps and false breakouts. ⸻ 🔟 Final Thought Learning to read divergence is what separates professional traders from retail: “Volume tells you how hard the market is working. Delta tells you who’s winning.” Combine both to see the hidden game behind every price bar. ⸻ ⚠️ Disclaimer: This lesson is for educational purposes only. Nothing here constitutes financial advice.
FX:XAUUSDEducation
by ICHIMOKUontheNILE
3
When Charts Lie: How Fundamentals Rescued My Forex TradingEvery trader knows the frustration: your analysis is technically flawless, but the market moves against you. I learned this brutally in Q1 2024 when my USD/CAD short—backed by textbook bearish divergence and order block rejection—got steamrolled by a 190-pip rally after Canada’s surprise oil export announcement. The Blind Spot in Pure Technicals Price action traders often dismiss fundamentals as "noise," but three scenarios consistently break chart-based systems: Policy Surprises (SNB removing EUR/CHF floor) Geopolitical Shocks (Rubles during Ukraine invasion) Structural Shifts (BOJ abandoning YCC) These events share one trait: they change the market’s fundamental DNA, invalidating historical patterns. A Practical Filter I need to train myself to do something like this: To overlay two fundamental checks before technical entries: Central Bank Calendar No trades 12 hours before scheduled meetings Monitor yield spreads (10YR US vs. DE) Commodity Links AUD/USD: Iron ore inventories USD/CAD: WTI backwardation Case Study: April 2024 GBP/USD Technicals suggested continuation above 1.2700 Fundamental red flag: UK real wages shrinking Outcome: False breakout, 140-pip drop Your Turn Try this today: On your next trade, ask: Is there scheduled event risk? Does this align with rate expectations? Are commodities/equities confirming? The goal isn’t perfection—it’s avoiding obvious mismatches. For me, I read my own words on what should be done, and most probably, I won't do it. I think the above is too much. I believe there must be an easier way to merge Technical and Fundamental Analysis.
Education
by TheInvestor_Diary
4 Powerful, Daily Affirmations for Faith-Based TradersAffirmations make a huge difference. But why? It's because they shape our beliefs. Whatever we think, affects what we say. Whatever we say, affects what we do. Whatever we do, is who we become and what our life actual looks like. Repeat these affirmations daily and watch your life change before your eyes. Wealth flows to me with ease as I walk in purpose. I reject scarcity and embrace Kingdom abundance. I am open to divine provision in expected and unexpected ways. I have more than enough to thrive and to give. Happy trading! For those of you who are trading to make a bigger impact in the world, I am praying for you!
CME_MINI:MNQ1!Education
by dustinshill
2
Automated Execution: TradingView Alerts → Tradovate using AWS LaI’ve built a fully automated pipeline that takes live TradingView alerts and turns them into real orders in Tradovate. Here’s how it works, step by step (I will provide a video on it): PineScript Alerts My indicator/strategy in TradingView fires alert() with a JSON payload (symbol, side, qty, price, ATR, ENV). Webhook to AWS Alerts hit an API Gateway endpoint in AWS, invoking a Lambda function. Lambda Processing Parse the JSON from TradingView. Calculate Stop‐Loss & Take‐Profit using ATR. Authenticate to the Tradovate API (demo & live environments). Place an OCO order (placeOSO) with proper bracket legs. Send a confirmation message to my Telegram channel. Tradovate REST API Auth: POST /auth/accesstokenrequest → accessToken List accounts: GET /account/list → find accountId Place OCO: POST /order/placeOSO with entry, SL, TP Testing & Monitoring Local smoke tests of Telegram bot. Lambda console test events for sample payloads. CloudWatch logs for debugging & alerts on errors. Why it matters: Zero manual steps from signal to fill. Consistent risk management via ATR‐based SL/TP. Clear audit trail: logs in AWS + Telegram notifications. Educational resource for anyone building similar setups Feel free to ask questions or suggest improvements! Please leave comments.
CME_MINI:NQ1!Education
by QuantByBoji
6
Learn The Difference Between Beginner and Expert in Trading In the today's post, we will discuss the evolution of a mindset of a trader as he matures in trading. ✔️Beginner For some unknown reasons, beginners assume that a couple of educational videos and books about trading is more than enough to start trading successfully. They believe that they got a comprehensive knowledge and that very few things remain to learn. They start trading, but quickly realize that their knowledge is not enough to make even small gains. ✔️COMPETENT After practicing a couple of years, traders come to the conclusion that they know everything in that field. That they learned, tested and tried all concepts and techniques that are available. They consider themselves to be the experts in the field BUT for some unknown reasons, these traders still are not able to trade profitably. ✔️EXPERT After many years of learning, training and practicing, eyes finally open. Traders realize how limited is their knowledge and how much more there is to learn . While they already have the skills to trade in profits, they understand now that even the entire life is not enough to learn all the subtleties of trading. And here is a little lifehack for you: if you are a beginner, embrace a mindset of an expert. Start from realizing how little you actually know and how much more there is to know, that will help you a lot in your trading journey. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
10
Learn 6 Common Beginner Trading Mistakes (FOREX, GOLD) In the today's post, we will discuss very common beginner's mistakes in trading that you should avoid. 1. No trading plan 📝 That is certainly the TOP 1 mistake. I don't know why it happens but 99% of newbies assume that they don't need a trading plan. It is more than enough for them to watch a couple of educational videos, read some books about trading and Voilà when a good setup appears they can easily recognize and trade it without a plan. Guys, I guarantee you that you will blow your trading account in maximum 2 months if you keep thinking like that. Trading plan is the essential part of every trading approach, so build one and follow that strictly. 2. Overtrading 💱 That mistake comes from a common newbies' misconception: they think that in order to make money in trading, they should trade a lot. The more they trade, the higher are the potential gains. The same reasoning appears when they choose a signal service: the more trades a signal provider shares, the better his signals are supposed to be. However, the truth is that good trades are very rare and your goal as a trader is to recognize and trade only the best setups. While the majority of the trading opportunities are risky and not profitable. 3. Emotional trading 😤 There are 2 ways to make a trading decision: to make it objectively following the rules of your trading plan or to follow the emotions. The second option is the main pick of the newbies. The intuition, fear, desire are their main drivers. And such an approach is of course doomed to a failure. And we will discuss the emotional trading in details in the next 2 sections. 4. Having no patience ⏳ Patience always pays. That is the trader's anthem. However, in practice, it is extremely hard to keep holding the trade that refuses to reach the target, that comes closer and closer to a stop loss level, that stuck around the entry level. Once we are in a trade, we want the price to go directly to our goal without any delay. And the more we wait, the harder it is to keep waiting. The impatience makes traders close their trades preliminary, missing good profits . 5. Greed 🤑 Greed is your main and worst enemy in this game. It will pursue you no matter how experienced you are. The desire to get maximum from every move, to not miss any pip of profit, will be your permanent obstacle. Greed will also pursue you after you close the profitable trades. No matter how much you win, how many good winning trades you catch in a row, you always want more. And that sense main lead you to making irrational, bad trading decision. 6. Big Risks 🛑 Why to calculate lot size for the trade? Why even bother about risk management? These are the typical thoughts of the newbies. Newbie traders completely underestimate the risks involved in trading and for that reason they are risking big. I heard so many times these stories, when a trading deposit of a trader is wiped out with a one single bad trade. Never ever risk big, especially if you just started. Start with a very conservative approach and risk a tiny little portion of your trading account per trade. Of course there are a lot more mistakes to discuss. However, the ones that I listed above at the most common and I am kindly recommending you to fix them before you start trading with a substantial amount of money. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
3