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AUDJPY Short GemLast week I was looking to get involved with this FX:AUDJPY short opportunity. My higher time frame perspective seemed to be in line with the market structure but I didn't quite get the reading on the lower time frames... On the 1h, price was making a series of higher highs and higher lows, seemingly pulling back towards the 4h supply zone. Following the second retest of price into this macro zone, then a liquidation of the previous high and multiple bearish breaks of structure, I dropped to the ltfs to spot my entry. s3.tradingview.com After ranging within supply, there was a clear bearish impulse (change of character) leading to multiple breaks of structure. I set my sell limit orders in the region where this impulsive leg originated from, however price didn't quite reach that level and my entries weren't tagged on this occasion. Price dropped rapidly during New York. Can't catch them all. Black Out
Short
by Black_Magic_Capital
AUD/JPY Long, GBP/JPY Long and EUR/JPY LongAUD/JPY Long • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/JPY Long • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/JPY Long • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
5
Understanding the Differences between Traders and Investors Trading and investing are two approaches to the financial markets, each with distinct characteristics and objectives. While both involve buying and selling financial instruments, understanding the differences between traders and investors is crucial for anyone looking to navigate the markets effectively. This article will provide an in-depth comparison between traders and investors, highlighting their key differences, strategies, and goals. 1. Time Horizon: Traders: Traders aim to profit from short-term price fluctuations. They closely monitor market trends and frequently execute orders within hours, days, or weeks. Investors: Investors focus on long-term growth and may hold their investments for years or even decades. 2. Risk Tolerance: Traders: Traders are often comfortable with higher levels of risk, as they aim to profit from short-term market volatility. Investors: Investors tend to have a more conservative risk appetite. They prioritize capital preservation and are willing to ride out short-term market fluctuations for potential long-term gains. 3. Trading Strategies: Traders: Traders utilize a variety of strategies such as day trading, swing trading, and scalping. They rely on technical analysis, charts, indicators, and patterns to make rapid buy and sell decisions. Investors: Investors typically adopt a buy-and-hold strategy, focusing on long-term trends and the fundamental analysis of companies or assets. 4. Market Focus: Traders: Traders often concentrate on specific markets or asset classes, such as stocks, currencies, commodities, or derivatives. Investors: Investors have a broader focus, investing in diverse asset classes such as stocks, bonds, real estate, or mutual funds. Their goal is to create a well-diversified portfolio for long-term growth and income generation. 5. Profit Objectives: Traders: Traders aim to generate regular, short-term profits. They capitalize on market inefficiencies, fluctuations, and price movements to execute trades and make profits from both rising and falling markets. Investors: Investors are primarily focused on long-term capital appreciation and income generation. They typically seek to benefit from the overall growth of their investment portfolio over a more extended period. 6. Emotional Factors: Traders: Traders usually need to stay emotionally detached from their trades, as rapid decision-making and swift actions are often required. They often practice disciplined risk management and maintain strict control over emotions like fear and greed. Investors: Investors have a more relaxed approach and can afford to take a long-term perspective. While they still need to manage emotions during market downturns, their investment decisions are less driven by short-term market fluctuations. Conclusion: Understanding the differences between traders and investors is crucial when deciding which approach aligns best with your financial goals, risk tolerance, and time commitment. Both trading and investing have their merits, and individuals may choose to adopt either approach or a combination of both. By considering factors such as time horizons, risk tolerance, strategies, and goals, individuals can effectively navigate the financial markets and work towards achieving their desired outcomes. What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
10
GOLD (XAUUSD): Bearish Outlook Explained 🥇 Gold perfectly respected a key horizontal resistance and a falling trend line on a daily, forming a double top pattern. The neckline of the pattern was broken this week and it is a very important sign of strength of the sellers. I think that the market may drop lower. For entries, consider the underlined confluence zone based on a trend line and the underlined resistance. ❤️Please, support this video with like and comment!❤️
OANDA:XAUUSDShort
by VasilyTrader
14
NZD/JPY Short and NZD/USD LongNZD/JPY Short • If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Long • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
9
EUR/USD Short and NZD/CAD ShortEUR/USD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
30
NZD/USD Short, AUD/USD Short and NZD/CAD ShortNZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/USD Short • If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
9
EUR/USD Short and NZD/CAD ShortEUR/USD Short • If price corrects and a larger three touch one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
8
USOIL:I think shorting is the main Hey traders, I think crude oil is about to reach a short position, what do you think? From the 4-hour chart, the pressure of crude oil is around 77-77.2. If it does not break through 77.3, then the strategy can be shorted around 77-77.3. The target is first around 75.5, and after it breaks, look around 74. If it reaches near 74 to form a support, then backhand to do more. If you agree with my point of view, welcome to pay attention BLACKBULL:USOIL.F FX:USOILSPOT TVC:USOIL
TVC:USOILShort
by Gina-lovestotrade
1
EUR/USD Short, GBP/AUD Long, NZD/CAD Short and AUD/USD ShortEUR/USD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/AUD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/CAD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/USD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
8
Game of probabilitiesBINANCE:BTCUSDT The proper attitude and understanding of trading principles are fundamental to achieving success in the trading world. This article is aimed at aspiring traders who want to thrive in this field. Trading is a probabilistic game , where outcomes are based on probabilities, either happening or not happening. It's crucial not to have rigid expectations or demands from the market or other participants. In the world of trading, no one owes anything to anyone, and this principle applies universally. When trading, you have the freedom to express yourself, and you can approach it in various ways. However, this freedom also reveals how humans can be irrational creatures, often struggling to control their thoughts, emotions, and actions. The key challenges faced by all traders are taking excessive risks and lacking self-control, which ultimately leads to financial losses. The feeling of missing out is a common trigger that can push traders to make unwise decisions. It begins with a sense of having missed potential profits. When observing a favorite asset's price surge, traders may start fantasizing about the potential gains and become obsessed with buying more, driven by the desire to earn even more due to a larger volume. Such emotions can lead to entering trades without proper awareness or acceptance of the potential consequences, which can be detrimental. The main point to remember is that successful trading relies on understanding probabilities, maintaining emotional discipline, and not allowing emotions to override rational decision-making. Traders should approach the market with a calm and rational mindset, following a well-defined trading plan that includes risk management strategies. By controlling emotions and adhering to systematic approaches, traders can increase their chances of success in the volatile world of trading. Reflecting on your trading journey and evaluating your achievements so far is a crucial aspect of being a successful trader. It is essential to be honest with yourself about the level of risk you are willing to take. If you realize that you are not prepared to risk everything you have, it is vital to question the impulse that drives you to consider such high-risk actions. Often, the desire to take extreme risks stems from the longing for significant life changes. However, it is crucial to fully comprehend the risks involved before making any impulsive decisions. The "filter of perception" refers to the cognitive biases that arise when traders have specific expectations of positive trade outcomes. Once you create such expectations, your consciousness may become biased, and you might unconsciously ignore information and market signals that contradict your preconceived notions. This phenomenon is akin to putting blinders on your perception, preventing you from objectively evaluating market conditions. The danger lies in holding onto false expectations throughout a trade, leading to potential losses or missed opportunities. This filter of perception can be difficult to recognize until you close a trade and look back, realizing that your expectations were not in line with reality. To overcome the dangers of expectations, it is crucial to approach trading with objectivity and discipline. Stick to a well-defined trading plan, follow your risk management strategies, and avoid making decisions based solely on emotions or impulsive desires. By doing so, you can maintain a clear perception of the market and make more informed and rational trading choices. Trading is not a suitable endeavor for everyone. It requires continuous self-improvement, emotional control, critical thinking, and strict adherence to established rules. Success in trading is not guaranteed, and it demands a level of dedication and mental fortitude that may not resonate with everyone. If you find that trading does not align with your strengths, interests, or personality, it's essential not to be disheartened. Each individual has unique talents and passions, and success can be achieved by pursuing endeavours that truly align with your inner potential and aspirations. In essence, trading is a probabilistic game, and having the right attitude is crucial. It involves making decisions based on probabilities, understanding that outcomes are uncertain, and embracing a systematic approach. Emotions should not dictate trading decisions, especially when experiencing stop losses. Instead, employing a methodical strategy with a certain success rate allows you to stay on track and eventually realize profits over time. It's important to enjoy the trading process and feel positive emotions while engaging in it. These positive emotions can help you navigate the challenges and avoid falling into the "trader's cycle," where emotional turmoil can hinder your decision-making and overall trading performance. In summary, trading requires a unique set of skills and characteristics. If trading does not resonate with you, it's okay to explore other avenues that align better with your natural inclinations. Success can be found in various fields, and the key is to focus on your true passions, continuous improvement, and leveraging your inherent strengths. System trading involves following a specific set of conditions to enter a trade. These conditions can encompass various elements, such as chart patterns, candlestick formations, indicators, and even unconventional factors like astrological dates. The crucial aspect is that the trading system has a high percentage of success (working out) and a favorable risk-reward ratio. Once you have developed your own trading system, it is vital to maintain a trade diary. In this diary, you should meticulously record the rules of your trades, including the circumstances that prompt you to enter a trade. Regularly self-testing your decisions against these predefined criteria will elevate your trading skills, leading you to become a top-tier trader and empowering you to profit from the market consistently. By adhering strictly to your trading rules, you will achieve a balanced mindset. Whether a trade results in a take profit or a stop loss, you will understand that you acted systematically and followed your predefined strategy. Recognise that the outcome of each trade is not a reflection of your worth as a trader; it is simply a consequence of adhering to your rules and facing the inherent uncertainties of the market. System trading provides a structured approach to trading that relies on predefined conditions for entering trades. Keeping a trade diary and consistently self-testing against your established rules will significantly enhance your trading capabilities. Embracing a systematic approach will help you achieve a more balanced outlook, and the ultimate goal is to achieve consistent profitability by leveraging your well-designed trading system. Fear and doubt are common emotions that can hinder a trader's decision-making and lead to destructive outcomes. It is essential to acknowledge and reject these emotions to maintain a clear and rational mindset while trading. One primary reason for fear and doubt before opening trades is the fear of risking too much capital in a single trade. Drawing an analogy to a coin toss, where tails come up 70 percent of the time, we understand that even with a high probability of success, there will still be occurrences where heads come up multiple times in a row. Similarly, in trading, there might be instances where a series of stop losses occur despite following a systematic approach. To overcome this fear, it is crucial to manage risk effectively. Traders should risk only a small percentage of their capital on a single trade, ideally one to two percent. By doing so, even if a stop loss is triggered, it will not significantly impact emotional balance or overall trading performance. The objective is to prevent falling into the "trader's cycle," where emotional reactions drive decision-making rather than a systematic approach. Before determining the optimal risk amount, traders should ask themselves what the purpose of their trading is. Is it to relentlessly increase the size of their capital at any cost, or is it to steadily grow and protect their capital? By prioritizing capital preservation and consistent growth, traders can achieve a more disciplined and sustainable approach to trading. In conclusion, managing fear and doubt is vital for successful trading. Utilising a systematic approach, managing risk, and focusing on capital preservation and growth will help traders stay emotionally balanced and make well-informed decisions in the dynamic and unpredictable world of trading. Trading frequency is an important aspect that new traders should carefully manage to avoid "overtrading" and prevent "trading burnout." The key is to exercise patience and wait for the formation of a new system setup on the chart before entering a trade. Checking the chart excessively, like every ten minutes, can lead to impulsive decisions and emotional trading, which are detrimental to a well-thought-out trading strategy. Instead, traders should define specific timeframes for entering trades, focusing on higher timeframes for more reliable signals. Higher timeframes offer a broader perspective of market movements and reduce the impact of short-term noise and volatility. When it comes to managing take profits and stop losses, consistency with the trading system is paramount. Regardless of the number of stop losses received in a row or consecutive take profits, sticking to the pre-established rules of the trading system is essential. It is crucial to avoid deviating from the system, even during challenging market conditions or moments when technical analysis may seem ineffective. Maintaining a systematic approach and being in control of emotions during trading can help traders endure a series of stop losses without significant emotional distress. A well-designed trading system should have a statistically validated edge, such as a 70% probability of working out, and a favorable risk-to-reward ratio of at least 2 to 1. With such a system, even if only 27% of trades are successful, profits can be generated over the long term. In summary, managing trading frequency and adhering to a well-defined trading system are vital for success in the trading arena. Practicing patience, controlling emotions, and maintaining a systematic approach based on statistical probabilities will help traders navigate the markets with more confidence and consistency. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BINANCE:BTCUSDEducation
by Crypto4light
HOW TO START BUILDING A STRATEGY?As it is said, A strategy is a reflection of a trader’s character . Whatever sentiments/emotions you have, reflect in your trading decisions. At first, people think that, ‘I will use xyz indicator and buy here and sell there’, thinking it’s easy to have a method that is simple. But when reality hits, all the simplicity runs out of the window with your money. Trading is not for those who take it lightly. You have to respect the market before coming up with a strategy that suits your personality/mindset/character. One might ask, what does personality have to do with trading? And that’s where all the secrets are. Newbie traders often run after YouTube channels, Twitter handles of some high MTM traders and try to copy them. They keep hopping from one setup to another. Because in the beginning, traders do not have the knowledge of risk management, importance of back testing etc. You should test your strategy for at least 100 trades before scrapping it. And that’s where they lack. But in my experience, you may learn the method from another trader but you cannot learn the mindset . You have to develop that on your own. There are certain ways of self-assessment when it comes to finding the right approach towards trading. Just because some day trader is making a killing in the market every day, doesn’t mean you can replicate the same performance too. You might be well suited for positional/swing trading. Just like that if someone is better in swing trading, you may be crafted for long term investing if not that even for scalping. There is a vast array of segments to choose from. From intraday to swing and scalping to options writing. You can decide any segment as per your patience level. The only goal should be to make money. You are not here to be right or wrong. You are here to make a living. Choosing a trading style is completely based on your patience level. If you are a patient trader then you can go for short to long term trading. Find the good setups, take the trade and sit tight. Your actions should be either target or stop loss. You can manage the trade as per your style e.g. , pyramiding or averaging. If you are an adrenaline junkie, then intraday, scalping & F&O trading is your cup of tea. But remember that the lesser the trade duration, more the chances of losses . Because these segments are much more risky than those of others. You need the skill of a sniper & the eye of an eagle to execute such trades and come out of it profitably. Now the question is how to decide? There are some ways you can shorten the learning curve, some of them are as follow… 1.Mentor👨‍🏫: Mentor is the person who is willing to share his experience to those who seek to shorten the learning curve. Warren Buffet had Benjamin Graham, Rakesh Jhunjhunwala had Radhakishan Damani . Everyone needs a mentor, be it in the form of books or a person . Learning what not to do is more important than learning what to do? And that is the biggest lesson I’ve learned from my mentors . A mentor teaches you that in the most practical ways by showing some real-life examples. He will also tell you when to trade and when not to. Because compulsive trading is one of the major reasons why traders lose big. So, finding a good mentor should be your priority. 2.Self-Learning🎓✍️: There are some successful self-made traders who learned from trial and error. But you need to check the time they took to be successful. It’s not impossible but it’s time consuming. Also, you need to have lots of patience and money as well. Because self-learning is like flying a plane by reading manuals. You have to do all the work from developing a strategy to back testing it and it's too lengthy process to start with. You can self-learn trading, but be ready to give it time. 3.Books📚: Aahh books… the first love of any trader. For me it still is. I read as much as possible. The very foundation of my trading journey is based on reading. I read many books in my initial days. Some of them still help me today. But textbook knowledge is not sufficient in real time trading . You can learn patterns such as triangle, channel, cup and handle and head and shoulders. But textbook patterns are so rare that it’s exhausting to spot them on charts let alone trade them, unless you have a knack for them. It’s a good start but not the best process. Above information should give you some perspective on how to approach the market and build your strategy. Strategy doesn’t just mean a trading setup (Entry & Exit). It includes everything from trade setup to your mindset. Find the best possible way, stick to it and follow the path. Eventually you will reach the destination. Keep learning, keep growing…!! 💗✨ Support TradingView✌️
NSE:BANKNIFTYEducation
by khushaljain023
2
EUR/USD Short, EUR/AUD Short and CAD/JPY ShortEUR/USD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/AUD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CAD/JPY Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
6