It is said that nine out of every ten traders loose money. It is also said that day trading is seventy five percent psychology and the other twenty five percent divided up between your trading system and proper money management. Now I do not know if those facts are true or false...
Error #1: Avoid going long when there are recent supply signals at the current price level (and vice-versa for shorts). This may very well swamp the market with supply and make it go lower, or prevent it from going upper...
EURJPY, W1: the break of the resistance located at 141 would give the green light to the next target to 167...
After I generated several sell signals on this pair, it is time to start closing out. The EURJPY would not be considered trending. On a daily time frame, it appears this pair is actually ranging between two rather extreme points. However, it appears this pair is rather oversold...
1. Strong background 2. Strong bars when Hull is red. This means there was recent demand. 3. Exit after a supply bar. The supply turned the market sideways, as the smart money wasn’t able to absorb the supply. Analytical Trader...
Trading is just a business !!! ,... As we are trading , we develop and this is another step or thing which you have to realize ! I will give you an example for better understanding what i have written . How do you feel when you buy a milk ? How do you feel when you buy a apple...
1. Weak background in H1 and H4 2. With no demand bars around (dots below bars), and in the upper part of the trend channel or above the trend channel, go short in an up bar with low volume. 3. Exit after a strong bar appears. +47 pips Analytical Trader...
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Entry: 1. Background strong in the above timeframe 2. There was a price support to the left (red line below the prices) and there is recent buying marked by the blue dot below the bar. Go long on a down bar with low volume when Hull is green...
Believe me or not long term trading is one of the BEST way how to earn some money and make some constant results per 1 month !!! Let me explain everything to you. I have understand this lately during my "way of trader" ... and im still hitting my head on the wall ... "why i was so blind...
Analytical Trader signaled the beginning and endings of the last corrections in Dax 30 (Germany stock index) and Dow Jones Industrial Average...
1. Background weak 2. Weak bars and low volume up (slightly down) bar when Hull is red 3. Exit after a strong signal. These signals usually signal a market reversal...
Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days...
All beginers and traders who are here or are reading this you should take a paper and pen and ask yourself these questions. Lets forget about SLs TPs and strategies and whatever more. What generaly makes us to fear ! 1.Pressure to make money 2.Pressure of loosing money...
This is just a follow-up post. I posted a signal "NZDUSD Resumes Bearish Bias" yesterday and it paid off big time. Although my own entry wasn't very well timed, I hope yours was. This trade took longer to pay off than expected, but here is the result: So far, it has been a good trading day...
Creating A Trading Plan (1) A trading plan is a set of rules on all your trading activity. Survey proves that the end result they are trading based on a plan turned out much better than those without a plan...
