Shorttrade
GPS jumped on mediocre earningsGAp, Inc had a little pop after mediocre earnings to break its downtrend. IT put in an engulfing
bull candle to strike three smaller red candles. This could be considered a bullish sign.
However, the trend down has been much of the year with two head and shoulders along the way.
There has been no significant net accumulation of stock. I suppose there was a volume spike
of buyers thinking they were seeing the bottom. I do not think that the bottom is in until
there is seller exhaustion. Price is below the POC line of the volume profile. I will not be
convinced of a bottom until some net accumulation begins. I see the earnings pop as giving
a better entry for a short and call it a pullback correction of the trend down and a great
point to take a short trade.
BTCUSDT ➡️ TR prz Bitcoin in TR PRZ price is fluctuating,
🌐 my opinion about its price movement is to see lower floors,
according to the price gap of a few percent yesterday, this analysis is more confident than before.
make money 🔥
❌❌❌ What do you think about the Bitcoin price trend? Share with me ❌❌❌
Calculating Lot Sizes Just Got EasyIn the world of forex trading, achieving consistent profitability requires not only sound strategy but also effective risk management. One crucial aspect of risk management is determining the appropriate lot size for each trade. In this blog post, we will explore the best methods for you to calculate lot size, emphasizing the use of tools available on TradingView, a popular trading platform.
Understanding Lot Size
Lot size refers to the volume of your trade and is measured in units of the base currency. It plays a significant role in determining the potential profit or loss of your trade. By selecting an appropriate lot size, you can maintain control over your risk exposure and align your trades with your overall trading strategy.
Utilizing TradingView Tools
TradingView offers you two valuable tools, the Short Position Tool and the Long Position Tool, which assist you in evaluating the true reward-to-risk ratio of your trades. These tools enable you to make informed decisions by considering the potential profit against the predefined risk. By assessing the reward-to-risk ratio, you can determine the viability of a trade and make adjustments as necessary.
Calculating Lot Size Using TradingView's Order Panel
To calculate your lot size on TradingView, you can leverage the platform's Order Panel feature. The Order Panel provides you with a convenient way to input your trade parameters and receive lot size recommendations based on your risk preferences and account balance. By using this built-in functionality, you can quickly determine the appropriate lot size for each trade without the need for complex manual calculations.
Lot Size Calculation Formula
Alternatively, you may choose to calculate your lot size manually using a straightforward formula. Here's the formula you can use:
(Account Balance * Risk Percentage) / Stop Loss in Pips = Lot size
$25000 * 1* = $250/30= 41,666 units or $4.16 per pip or 0.41 lot size
To utilize this formula, you need to know your account balance, the percentage of your account balance you are willing to risk on a trade, and the distance of your stop loss from the entry price, expressed in pips. By plugging in these values, you can derive the appropriate lot size that aligns with your risk management strategy.
Conclusion
Calculating lot size is an essential aspect of your forex trading journey that directly influences your risk management. Simplifying this process enables you to focus more on your strategy and execution.
TradingView offers you valuable tools such as the Short Position Tool and the Long Position Tool, which provide insights into the true reward-to-risk ratio of your trades. Additionally, TradingView's Order Panel streamlines the lot size calculation process.
Alternatively, you can utilize a simple formula to manually calculate your lot size. By adopting these methods, you can enhance your risk management practices, leading to improved trading outcomes.
Remember, successful trading involves comprehensive risk management, and calculating the appropriate lot size is a crucial step toward achieving long-term profitability.
Shaquan
Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind:
SHORT BELOW: 1254.25
STOP LOSS: 1279
TARGET 1: 1229.50
TARGET 2: 1204.75
Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade.
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BTCUSDT Short 15 / 5 Minutes Scalping LevelsSince bitcoins is intend to get range bound and several times we are not able to identify it move for those times we can do some good quick scalping. As a trader everyone love to capture big move, however, what if there is no big move? Then lets capture small moves multiple times and reap the benefits of one big move.
Short-Term Technical Analysis:(GOOGL) for the Next Few Weeks!In this trading idea, we delve into the current state of Google (GOOGL) and explore the indications of an overbought condition. With a careful examination of technical indicators, it becomes apparent that a sell-off may be imminent in the near term. The analysis suggests the possibility of Google entering a range-bound phase or even experiencing a continued downward trend. Traders and investors should pay close attention to key support levels as the stock navigates through the next zone, as they may provide valuable insights for potential entry or exit points
EURCAD I Pullback and more downside Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD/JPY Short PositionHere is my analysis for a potential short position I have taken on AUD/JPY.
The original analysis was spotted on the M15 chart showing a large RSI divergence, However the main analysis was done on H1 graph.
My Reasoning for this short is:
- Large RSI divergence on both M15 and H1 graph.
- Large Supply zone hit where a lot of retracements have been before.
- Strong start rejection in resistance zone.
- MACD crossover forming.
- Lower volume on MACD too.
I believe this will be a larger swing position with 2 positions personally taken both risking 1% combined.
Position 1:
Entry - 91.135
TP - 90.112
SL - 91.650
Position 2:
Entry - 91.134
TP - 89.735
SL - 91.854
Both positions holding a 2.00 roughly RR ratio with risking 1% of capital combined.