Get started

Trade Management

BOOOM! Still holding this SELL! Still holding this sell! now running +7.4% and we will contiune to hold this! whos in?! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
EURNZD- WHOS IN? running +6.2% acc gainGREAT sell here... whos in? we just simply follow our proven BUY and SELL strategy. NO TECH NEEDED What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
💰 BITCOIN FLYING!!! NOW RUNNING AT A 23% ACC GAIN! BOOOM 💰BOOOM! What a buy! this trade on bitcoin now running at a 23% account gain!!💰💰 What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
COINBASE:BTCUSD
by congibb
3
EURAUD BUY CLOSED!+2.2% GAIN! **SELLS OPEN**BUY CLOSED! SELLS NOW VALID What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
CADJPY BUY closed in small profit! SELL now open 📉SELLS now open on cadjpy- Previous buy closed in small profit! lets see how it goes! great bearish movement so far... What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
AUDCAD SELL CLOSED +2.8%! BUY NOW OPEN 📈Great sell on audcad now closed for 2.8% account gain! BUYS now open What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
🚀 NAS100 BUY closed +6.4% gain! * SELL now running +2.7% What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
OANDA:NAS100USD
by congibb
EURAUD running at a nice +3% acc gain 💪🏼Another great bullish EURXXX pair we are in! this trade still open and running at a 3% acc gain What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
EUR/USD Neutral Decision To Look Out For!!. On the Daily timeframe there is a major area of resistance where the market sold off for a long period of time from this level back in September 2018. . Due to the market reaching the highest highs since 2018, I expect the market to reverse, however there is a possibility price could reach up to the 1.20000 level and the market is just retracing. . As we can see, I have a set-up on the 1H chart where an ascending triangle had formed, the market had broke above the major area of resistance identified on the Daily chart, formed a new high and now the market is moving strongly to the downside, back into this major area of resistance, this could be a retracement and we see a opportunity to get involved in a long position, as we are now at the 78.6% fib level, if we see strong bullish moves, then i will be looking for another break of structure, retest and then enter. . On the other-hand, if the sellers keep control of the market and the level of resistance is respected, then i will look for a break of resistance then a move to test an area of support. From there i will expect the market to retest the area of resistance identified on the Daily chart, i will then expect a break of support and a retest to confirm a shift of support into resistance. If this happens, i will place a sell order from a fib r?etracement. / Comment below if you found this idea helpful, and if you decided to take this trade, did you make profit? :)
by ShaunGadd02
Gold - Trade setups to avoidWe have been posting potential bullish trading signals on Gold and the ways in which to enter this trending market of late, as the probability for these has been very high. Now, the market doesn't trend in a straight line, so when we saw the price in Gold make its way to the $1900.00 level we looked to see if we could get any confirmation selling signals for a potential profit taking opportunity. Its easy for anyone to show profitable trades but we believe that showing examples of why you wouldn't take a trade or what to look for to avoid a potential losing trade is just as important. As you can see from the 15 Minute chart, price started to form a bearish selling 3 drive pattern at the highs just above the 1900 level. When we saw the 3rd and final drive high reject a little lower this sparked our interest. With any price pattern we look to trade we don't want to enter right at the 3rd drive because we have no proof that price will stop there and do what you want it to do. Instead we drew a lower trend line in the hope that price could continue lower and break this to the downside. Until this happens, we are sitting on the fence and staying away. What happened in the end was that the momentum in Gold was still very strong and price actually used the higher 3 drive trend line to retest this on the topside to propel price higher. No break of the lower trend line, no trade. Sometimes its better to walk away and live to trade another day then to let ego get the better of you.
OANDA:XAUUSDEducation
by DavidVillagra
Swing Trading Stocks Trade ManagementThis is a Long Swing Trade I have open using the Elliott Wave Indicator from W5T on the TradingView Platform. The setup and entry for this 5th wave trade was text book in that: 1. The Elliott Wave Oscillator pulled back between 90% and 140% during the 4th wave profit taking pullback 2. The False break out stochastic crossed over in the over sold zone during the 4th wave profit taking pull back against the yellow false breakout bar in the over bought zone during the 3rd wave. 3. The Wave 4 profit taking pullback found support in the amber zone of our automated pullback zones, which represents an 80% probability of our automated 5th wave target zone (in blue on the chart) being reached. 4. The Risk to Reward was over our minimum required 1:1.6 - This include sensible entry and stop loss strategy - This can be seen on the chart. To manage this trade is pretty straight forward: The point of control for us is the price closing above the 50% Reward line (cyan on the fib extension on the chart). Then we move our stop just above the entry to make the trade "Risk Free" Then we Trailing the Stop "Two Candle Behind". So as Yesterday's candle closed above the 100% profit line (yellow fib extension on chart), I adjusted the stop just below the low of the 2nd candle back. In this case locking in 50% profit x Risk. So if you Risked $10,000 on this trade, you would have $5000 profit locked in! We are at a critical point in this current trend as we will be testing the previous wave 3 high and in some market conditions, this is too much and the price turns back down and corrects. This is why we lock in profit. However we have an 80% probability of the price pushing through and reaching our 5th wave target zone and will continue to manage this trade with our "2 candles behind" trade management strategy into the 5th wave target zone, if the price breaks through the previous wave 3 high!
NYSE:WPMEducation
by xBratSoftwareSolutions
WHY CAN´T I BE PROFITABLE??!!Every trader has got himself into a loosing trade. This is simply the part of this game. You will never be able to predict every move correctly. The biggest thing that separates a profitable trader from an unprofitable trader is actually not better technical analysis or more experience. The biggest factors in my opinion are trade management and risk management. These two components will have immense effect on your profitability. With good risk management you can be profitable even if you are right on less than 50% of your trades. Good risk management means you know where you should get into a trade so you can set a stop loss (which upon hitting it should invalidate your entry) relatively close to your entry. This makes your losing trades much smaller than your winning ones. And the result of this ratio will be seen in your profitability through time. On the picture above you can see how one of my last trades went. I got in on the close of the candle marked with a green arrow. The trade then quickly went against me. But with my risk management i minimized the loss by closing the position when it closed below the red support line. I also put a stop(white support line) at a level that would upon breaking very likely invalidate my my long entry. Even though i took a loss i do not regret taking that trade since taking losses here and there is a part of my strategy and it can not be otherwise. Yesterday i also posted about another trade i was playing on the s&p 500. That trade turned out perfect. And with 50% winning rate for that day i made some really nice profit simply thanks to my risk management. Here you can check out how it went You can also go check out my posts from yesterday on why i was taking those trades.
Education
by Mathsio
⭐ STAGES OF TRADER's FORMING ⭐ Hello, friends, today we are talking about STAGES OF TRADER's FORMING 👊🏻👊🏻 💡() - Link for good view!!! Professional growth involves going through several stages. 🔥 1. Unconscious incompetence 💡 randomly opens and completes transactions without a specific trading system; 💡 doesn't care about risk management; 💡 often changes the direction of trade on the spot, following the price; 💡 keeps afloat only for small successful deals and doesn't care about losses at all; 💡 but as soon as loses, motivation immediately runs out. 🔥 2. Conscious incompetence 💡 Do you change your trading system several times in half a year without ever exploring a single one? 💡 You are actively looking at your trading history trying to figure out what you are doing wrong. 💡 Are you still making impulsive mistakes that cost a lot of money? 💡 Do you repeat the same trading mistakes again and again? 🔥 3. The moment of "EURECA" 💡 No longer changes the system, but focuses on main and works with it. 💡 Begins to maintain a trading plan and a trading journal. 💡 The understanding comes, that trade is a daily routine. 💡 Understands, that in order to earn money, he needs to work on all the components of his system. 🔥 4. Conscious competence 💡 Understood the rules of the game and stopped losing money. 💡 Begins to make a steady profit. 🔥 5. Unconscious competence That's a stage of mastery 👊🏻. You follow your trading plan on autopilot.✈ Just one question will help you to verify have you reached the highest level or not: ❗do you feel stress, when you're trading ? If so, then you have not reached this stage.❗ 💡() - Link for good view!!! ✍🏻If you liked my post, put me like, write comments, reviews ... Guys, I'm so happy with your message in PM about your love for me. 😍For me it is priceless!😍 I'll try for you continue to be useful!!! 😘 Together we're a great team !!!👊🏻👊🏻 Always Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
53
Projack's Trade Management Tutorial (5 STAR)This is something about Trades Management (How to manage your existing position) 1. If the trade went well ( You are in profit ) , When Reward / Risk Ratio hit 2:1, Close Half position. (You can also close all, if you feel good enought to take all the Floating Profit, but you will have the opportunity Cost of not be involved in the next trend , Hard to decide? Then Close Half! ) Why? Coz by doing this, even the market goes back and hit your SL, you are still winning? Calculation: 0.5 * 2R - 0.5 * 1R = 0.5 * R , If R is set as 2% of your capital, then Minimum Result it 0.5*2% = 1% (Congratulations! Now you have a 100% Winning Trade with 1% Result, and you are still holding half position with RiskFree) 2. If trend is in your favor, and price hit 4:1 or 6:1 , or maybe 0.618 pull back, or opposit Resistance or Support , Feel free to close another half , which is 1/4 position. 3. If hit 8:1 RR, close all profit, or Move SL to the latest Pivot to trail your profit. You can use 8ema or 21 ema to trail as well. or close all profit when you see price action shows reversal pattern .
FX:SPX500Education
by tntsunrise
49
GBPCHF LONG IN DOWNTREND CHANNEL ;)Hi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. On W1 and D1 i see a downtrend channel. The price touched the bottom of the channel, and it reversed. Uptrend started, it shows my trendline and the 50EMA broken upwards. My stop loss is at 1.18000 Just let that trade run, I will update that idea if I do something with my trade. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Long
by Sparksoffly
3
Key signal to buying Wall Street for 400 points profitDuring the increased volatility you can observe a mild selling of Wall street once open, usually this consolidates withing the first 30 - 60 minutes and results in a bounce back - it certainly did yesterday when a very similar trend was there. The RSI was oversold and the CCI was at a similar level as it was previously when the market came back and then fell again, showing a perfect time to buy and hold for as long as its north of the 100MA line. WallStTraderandCoach - 5+ years of putting my OWN money to work. Turned 10k into 1M+ in first year. ALWAYS use a stop loss and ALWAYS put my own money behind a trade.
OANDA:US30USDLong
by WallStTraderandCoach
Introduction to the BEST Trade ManagerHello traders Let me highlight what the BEST Trade Manager can do for you. The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios. We made it as such the visual rendering is also very nice on mobile devices. Reviewing: - How to connect your own indicator(s) - How to read the graphical elements - The 8 Stop-Loss options - The 4 Take-profit options - The alerts and dynamic alerts for trading automation Links are in my signature for more information about it Wishing you all the BEST for your trading using it. Dave
Education
by Daveatt
8