How to make money on the Forex market?

 How to make money on the Forex market?

In order to make money on the Forex market you have to buy low and sell high, quite simple. Let’s have a look at the example: How much money can you theoretically make by trading currencies? Let’s assume that you have 1,000 US dollars on your trading account. The current exchange rate of Euro versus the US dollar is 1.25. In other words, for 1 euro you get one dollar and 25 cents. You forecast that during the day Euro would rise versus the US dollar. Based on this forecast you buy 800 Euros for your 1,000 dollars. Your forecast is correct! Euro rises from to dollars. Being in profit you decide to close the trade and exchange 800 Euros back to 1,008 dollars. In effect, your profit from this trade is 8 dollars. Not that much, right? You raise a fair question: Would it be possible to increase profits In order to maximize your profit potential you can use leverage. Leverage is a loan Tickmill provides you to trade Forex. The size of the loan can differ but Tickmill provides you with up to 500 times more funds than your initial capital, which also increases your profit potential 500 times. Great, right?, Still, please remember... Increased leverage means not only more profit potential but also more risks! Managing your risks is very important! Let’s have a look at an example how to use leverage of one to five hundred (1:500). You have the same 1,000 dollars on your account and you estimate that Euro will rise versus the US dollar therefore you decide to take the biggest possible loan from your broker 499,000 dollars. Now, with the exchange rate of you exchange all your 500,000 dollars to 400,000 euros. At the moment when exchange rate rises to you exchange the 400,000 euros back to 504,000 dollars. As a result, you now have 5,000 dollars on your account after returning the loan to your broker. So your net profit is 4 000 dollars. An incredible result after just one day of trading! In this example we have looked at the scenario when your forecast turns out to be correct. But what would have happened if instead of rising Euro had fallen against the US dollar? In this case your trade would be open until your losses equal your initial deposit, which is 1,000 dollars. At this point your trade will be automatically closed and the broker takes back the loan. Consequently, a case when you can lose broker’s loan is almost impossible. Taking everything into account, you now have seen how leverage can increase your profits, if you make right decisions. At the same time, leverage can also work against you if you make wrong estimations and don’t limit your losses. Let me tell you, why I trust Tickmill: Tickmill likes to see the clients succeed in trading Your funds are safe and segregated Tickmill’s low Forex spreads (or the difference between buy and sell price) increase your profitability You can test your trading skills on global markets with a small initial deposit of $100 You can use leverage of up to 1:500 (one to five hundred) Tickmill allows all trading strategies including scalping, news trading, arbitrage and executes trades in extremely short time. This is why Tickmill is highly respected in Forex community Visit our website www.tickmill.com to find out more! .forex trading, forex traders, successful forex traders, 5 Habits Of Successful Forex Traders, trading tips, etienne crete, desire to trade, foreign exchange, tips, habit, foreign exchange market, forex trader habits, forex trader rituals, forex trading rituals, forex trading habits, successful forex trading habits, successful forex trader habits, successful forex traders rituals, online traders habbits, success traders habit, tips on forex trading, how to succeed in trading.





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Options Trading: This is how people go broke! So don't do this! // Options trading tips & strategies

 Options Trading: This is how people go broke! So don't do this! // Options trading tips & strategies


Options Trading: This is how people go broke! So don't do this! // Options trading tips strategies basics tutorial 101 explained for beginners for dummies, Options trading tutorial 101, how to trade options for beginners, Stock market 101, stock market basics, stock market for beginners, stock market for dummies, stock market recession, stock market tips, stock market explained, stock investing tips, stock investing 101, stock investing for beginners, stock investing for dummies, stocks for beginners, stock crash coming, stock market investing tips, stock market investing strategies, stock market investing advice, stock market bubble, stock market bubble explained welcome to looking at the markets with David Moadel here's a tip an important tip for options traders please don't get greedy greed is such a destructive force for traders i always say that in options trading greed and fear aren't the two things that can bring a good trader down and could cause you to blow up your account and i'm going to give an example from today today is the 9th of december 2016 and we're going to look at google call options and today's a friday and so the these are the weekly options which expired today alright so if you had purchased a google call option the weekly call option expiring today at four o'clock p.m.

Eastern time if you had bought the 810 call 8-10 strike price call yesterday Thursday you would have and and and you add a held onto it overnight today at 1142 p.m. eastern time you would have more than doubled your money you would have profited a hundred and thirty point seventy-seven percent that's more than doubling your money your call options would have gone up from thirteen cents a share to thirty cents a share and personally I don't know about you but i recommend if you double your money in any investment any short-term investment especially if it's going to expire in a few hours take profits i recommend taking profits if you double your money just be happy with that doubling your money is fantastic it really is ok so here at eleven-forty 2pm google had gone up you know it had gone up more than 1% google stock and so it was up to 80 for dollars in ten cents still out still out-of-the-money at this point you know it it it hadn't reached 8 10 but because it had gone up so much in options traders decided that there was still a lot of hope that it would reach and exceed 8 10 by the end of the trading day today and that's why the call options were worth so much more and if you hadn't sold if you hadn't you know sold off your call options and and taking profits and if you had waited until 3 45 43 46 p.m.

Eastern time with only 14 minutes left in the trading day your call option would would have gone from a hundred and thirty percent gain two thirty percent loss would have gone from thirty cents a share 29 cents a share why is that and and the price of google had gone up even more it went from 80 for 10 in the middle of the day 280 873 almost 8 10 by 3 46 p.m. but there were only 14 minutes left in the trading day and so there wasn't a whole lot of hope left that Google would exceed 8 10 would meet or exceed 8 10 x by the end of the trading day in in 14 minutes and then by 359 p.m. with only a minute left in the trading day even though Google had gone up a little more it went up to 80 80 and 85 cents almost 8 10 but that's not good enough with only one minute left it was pretty hopeless the you know hoping that Google would would meet or exceed 810 which is this which was the strike price so the call options had gone down to five cents a share for a 61 and a half percent loss from a more than doubling your money to losing most of your money and and possibly all of it if you held onto it even longer so don't get greedy please this could happen okay now don't get me wrong if you double your money let's say you had doubled your money here and then took profits and then Google went up to 8 15 8 20 whatever 825 then you would have maybe triple or quadruple your money and so they're going to be times that you're gonna double your money and then take profits and then maybe regret it later because you could have made even more money but you can't think like that because you'll drive yourself crazy that's why it might be a good idea to just call it a day just you know as soon as you double your money and take profits just you can walk away from the computer it's okay to do that and not even look for the rest of the day. I mean unless you have other investments that you have to look at but I'm just saying you might want to walk away from that and and not look so you don't feel the regret because again doubling your money is fantastic and so that's a guideline they're all right so



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Cool Trading Tricks with Divergence

 Cool Trading Tricks with Divergence



- And hello, I was just laying down there taking a little rest, waiting for you to get here, uh first of all welcome. My name is Rob Booker and second of all, we have another contest coming up today. In fact, we wanna give away one of these, uh a can (chuckles) Wait, hold on, it's not a can, it's a Uh, that doesn't really do a great job, job job, job, that's right um today inside of our little youtube, we want to give away uh an Amazon Echo, so as you are watching live leave a comment, let us know where you're from. Leave a funny comment, let us know how you're doing and we'll ship you an Amazon Echo. Brian Foster's Ipad, that we gave away yesterday was just delivered, I just got the text message that Brian got his Ipad so welcome everybody.

I'm Rob Booker, this is my youtube channel. I would very much appreciate it if you would click the subscribe button several times and the little bell next to the subscribe button. And let me know that you wanna notify yourself You want to notify yourself every time I go live. Um also, if you don't like these videos, um just go watch some other video, some guy wrote yesterday and he goes, "Hey listen, if your tool is so great-", first of all, my tool is none of your business, "If you're tool is so great, then why don't you just give it to me for free and then I'll give you part of my profits, but I'm not buying it." And then I thought to myself, I thought I made it pretty clear that the tool is free, so you can have double your money back, anyway this is all about the free divergence indicator, called Knoxville Divergence, and a link to that is below this video right now, you can go get the Knoxville Divergence Indicator for free. Today I wanna talk about some cool tricks that you can do with the divergence indicator. And, I'm gonna start this off by Drawing on the screen if I can, okay come on, there we go.

Alright, so this is the Euro/British pound, but it really could be any financial instrument that you want. And as you can see here during this period of time, the Euro/British pound, is falling pretty significantly, you could call that a downward trend. And this is on the daily chart Alright, so the daily chart, this is the daily chart, uh, and that's actually the daily plan, it used to be called the daily chart and it was just a newspaper with one chart in it. That's how everybody charted, uh the financial markets back in 1940s, when Clark Kent and Lois Lane were partners, anyway, um let's say that on the daily chart, you see an obvious down trend.

And, how do you know that that's a down trend? Well for example, you might look at this chart and you might draw a trend line. And it might break a trend line. It might cross below the 50 day moving average. You might have built a special trend following indicator that tells you when a trend breakout has occurred, or maybe, you just look at the chart and obviously, the chart is floating downwards. So once you see, in any way, shape, or form that you like, that a trend has formed Well then you've got some possibilities there. You have some ideas- there are some things that you can do, in fact, I might even see if I have some other indicators that I can put on this chart. So go to insert, indicator, custom. Do I have? I do have my daily pivot points. So I'm gonna put my daily pivot points on here.

And, this is gonna be beautiful. None, none. So I'm gonna put some daily pivot points on here, I think I am anyways. (chuckling) This is gonna be great, okay so we'll go down here, we'll go to the 15 minute chart. So let's say for instance, I'll move this a little bit over, and I'm gonna show you what I'm looking at. Let's say that you like to do trend trading. And let's say you have access to daily pivot points. Ya know what I'm gonna do? I'm gonna put those daily pivot points inside of that indicator download package below this video. So if you click on that and you get the free tool, um you'll get the daily pivot points in there as well. So right here is a blue line that I'm now coloring red, this blue line This blue line, is a daily pivot point. Now that is yesterday's high low enclose added together and divided by three.

And price never hit that pivot point on the day that it was created, in other words, I call that A missed pivot point, a missed pp, that's a missed pivot point, that's an early warning sign that there is a trap. So I, here on the 15 minute chart, I noticed that this daily pivot point was missed or not touched by price. And now I might say to myself, "Well there's an indication, that we might have a trend." This may be an indication that that's a trend. So what could I do, and how could I use divergence to trade with that trend? Well I'm gonna show you exactly what we could do, right here on the charts.

So that happens, that happens back in January. Let's see if I can scroll back far enough on the charts into January, without messing everything up, oh yeah I can do that. Alright, here we go. Oh this is really good! So we've identified that the possible trend is up because a daily pivot was below price. Alright, so we having a good time? You ready to see some trend trading here? Check this shiz out. So once we've identified the trend is possibly up for whatever reason or down for whatever reason.

But let's say it's up for the purposes of this video. Let's say that we've identified that. Once we see bolish divergences, we're gonna buy with that trend. So, although divergence appears at first glance, to be a "counter trend trading system", if you first identify that a trend exists in a direction from a longer time frame chart, you can then drop to a shorter time frame chart and use divergences to buy with that trend. Now as I've been saying all along, I have robots that will automatically take the trades based on those divergences and those are the robots that I use and most of my trading is automatic and the reason that most of my trading is automatic is I don't have to be in front of the screen when I take those trades.

So, Nate for instance, it's not necessarily easy to identify a trend, but if you can get into the habit of waiting for a daily pivot to be missed, and then just then focusing on just trading with that trend, you could, I mean anybody could probably do that, huh? So we could go back to the 15 minute chart and let's see, does anybody have a currency pair that they wanna take a look at? So if you've got a currency pair, you wanna take a look at, let me know and if you're having a good time, let us know and I guess Nate, I mean they can be blatant about it, if you really want an Amazon Echo.

(chuckling) I love kinda doing this, isn't it kinda fun? I mean I kinda, I like making people feel good, it feels great, does anybody have a currency pair they wanna look at? Uh, US dollars and Canadian dollars. - No that's the worst one, no I'm not gonna, no that's fine, I'm just joking, that's fine. US dollar, Canadian dollar, here we go. Alright so we brought up the US dollar, Canadian dollar. I'll zoom in to make it a little bit easier to see, so in this chart here, the US dollar, this is the pivot, it's hard to see here.

But this is the blue pivot line, this is the blue pivot line, this is a missed pivot Nate. So the chart put that up there automatically and price moved down below that missed pivot. So that means that at the end of this day, when that day is over So at the end of this day right here, we can say, not with surety, not with magnificent certainty which doesn't exist. I mean, once you realize that nothing is certain in life and nothing is guaranteed, then the world is yours. To paraphrase Rick Sanchez. Okay, here we go, so if we then say, Nate, because this pivot was missed as prices dropping. If we agree that now the probability is that the trend is down, now what I can do Nate, is I can over the next couple of days, I can drop down to shorter time frame charts and look for divergences that might appear when price pops up.

So, right here at the end of this day, I'm gonna say my preference is for selling. And I wanna trade with that "possible, probable" trend, I can now make, if I just focus on the 25th, 24th, and so forth of January, I could focus Here we go. Now there's gonna be a bunch of arrows on the screen. I can focus, Nate, now on anywhere that we see divergences, now this is the five minute chart and there's no divergence line here.

If I drop down to the one minute chart Come on, come on. We interrupt this program for me to press the button on the monitor. I'll be right back. Oh come on, seriously? Alright, we'll just forget I said that. Sometimes it just doesn't like to do it, does it? Let's see here, please enjoy the music while your party is reached, alright. So, if I identify that the trend was lower, what I can do is stand in front of the charts and look for divergences, or I could turn on a robot that automatically trades divergences and tell it to only trade down and I could wait until that divergence line appears or the robot will wait until that divergence line appears and then it will sell automatically.

So what you do is you get a preference, you get a bias, you get a trend trade bias and then you turn the robot on to do the rest of the work. Now I'm gonna go one step further, Nate, and I'm gonna take this concept even farther. So this is now an one hour chart. This is the one hour chart of the US dollar Canadian dollar, so we've been moving up and we've been moving up, and we've been moving up and you can see that every once in a while, it's gonna miss a pivot point. Now it's hard to see on the screen because these pivot points are really thin. I think I can maybe change this line. I can change the width of this one, I'm pretty sure I can do that, so is everything just gonna kinda fall apart like a cheap suit? Alright, there we go.

So there's our missed pivot level right there. Now what I can do is I can automatically from that point onward for the next couple of days I can turn a robot on, and every time there is a retracement, we're gonna have a short term bolish divergency every time and we can just focus on the bi trades. We can just focus on those alone. But there's also something else we can do, we can go one step further beyond that. We could even say on the longer, super longer term charts, we can plot all kinds of great stuff, we could plot weekly pivots. And monthly pivots and if those weekly and monthly pivots are missed, then we have a super giant, longer term trends that are possibly setting up and then we could turn our robot on and only trade divergences in that direction. So I think we outta just do, we outta go another step further here with divergences and I'm happy anytime anybody wants to ask a question Nate.

Okay. - So if we've got a question as we go, that's fine. What I've done here on this chart is I've pulled up the weekly, so many of you know that the daily planet had to change to the weekly planet after Superman died because they couldn't produce enough news quickly enough because Clarke Kent was running around so quickly. This is now a weekly chart, love the weekly chart. Now everything that I just said becomes a lot simpler if you just switch to the weekly chart. On a weekly chart, just check your favorite financial instrument, here is, here are, two divergences.

A bolish Knoxville divergence. And a barish Knoxville divergence. On a longer term chart, the longer time frame you look at, the more reliable this is as an indication that price is going to reverse in the other direction. One of the simplest ways to become a better trader is to simply look at longer time frame charts and something as ordinary, simple, and easy to plot as divergence. In a lot of these cases when you see these divergences pop up on super longer term charts, they're ultra reliable, we have some time so I'm gonna scan through some longer term charts and we'd love to hear from everybody. What do you got? Questions? Have you calculated the average time that it takes for a price to come back to a missed pivot? - So I have I calculated the average time it takes for price to come back to a missed pivot? Generally, so here we go, 85% of the time, a missed pivot is then touched by price within four time periods from the date it was created.

So generally if a pivot is missed within four days, 85% of the time within four days, that missed pivot will be touched by price. If it's a weekly pivot and it was missed, generally within four weeks that pivot is touched. Generally if a monthly pivot is missed, within four weeks it is touched by price. If it goes longer than four time periods before it's touched by price, you have a super gigantic trend and it could be, it could be 100s of days or 100s of weeks before that missed pivot is touched again. If you're wondering if it works for other currencies, you could look at So we could go to, I don't know, the Australian dollar, Swiss Frank, if we could pull that up. I wanted to pull up some other currency pairs.

Maybe, maybe it'll work in a minute here, any other questions that came in? Oh here's the Swiss yen, as you're asking a question? Yeah, um, as soon as there's a missed pivot in the opposite direction, do you change your bias accordingly? - So if there's a missed pivot in the opposite direction do I change my bias accordingly? Yeah, I mean, typically yeah, if you're doing short term charting and short term trading, absolutely. Uh this is the swiss yen, it really doesn't matter what we look at and it's a weekly chart. There's is bolished divergencies at the bottom of the screen, that tends to produce a reversal and here's barished divergence on the weekly chart and it produces, on a weekly chart, this is a substantial decline, right here on short term charts. It produces, it generally produces some significant amount. This is the um, swiss frank polish zloty, so that's the polish currency. Once again, a barish divergence tends to have some kind of reversal and a bolish divergence tends to have maybe some minor, at least type of reversal, I never look at that so that's kind of crazy.

Here's the uh British pound, Swiss Frank, bolish divergence on the weekly. That produces a nice looking chart. Here's one, um bolish divergence and it only produces a very small amount of movement and then it falls lower, so it's not gonna work once again, nothing works 100% of the time, but the search for certainty is basically the journey to failure so, don't worry about something working all the time, I've had a great time with everybody today, Nate has there any comment today that was particularly enjoyable to read while you were producing the broadcast? Yes, uh, Ivan Chen said "Alexa, tell Rob to send it to Ivan" (chuckling) - Alright, Ivan Ivan you know how to get in touch with me on Facebook messenger or by email, you can reply to any email that I've sent, you can send me a message on Facebook messenger. And send me your address and we will ship you an Amazon Echo, we love you all, we're so glad to spend some time with you here on the broadcast uh we'll be back again tomorrow and we're gonna do some more tricks with divergence and I'm gonna get deeper into showing you how the robot trades with divergence and don't forget to get the free indicator below.

The robots package here it's I gave you something, it's time for me to tell you about what I have for you. Once again, right now, at the link below, that's how much the robots costs, I promised two weeks ago that I was raising the price on this to $(chuckling) - And I've been traveling throughout the world so I still haven't done it, if you want to get the robots before the price goes up, follow the link below right now and grab the robots that trade automatically with divergence. I would love to have you trade those together with me.

I love spending some time with you Come on, come on let's just do this together. I'll be back tomorrow, we're gonna have a great time, Nate this all worked today, I don't think that the video was really jerky. That was spectacular, so if we had a closing theme song, this is now where it would play. And then the credits would be rolling and then Nate's name would be next to every single thing that happened on this video.

Uh if you're still here watching, thanks for joining us, pleasure to spend some time with you today and we will see you tomorrow. .

Day Trading, Rob Booker, TFL365, Trading For A Living, Traders, Forex, Stocks, Divergence, MT4, Metatrader 4, Indicators

Forex Trading Strategy: Learn Swing Trading 1000+ pips (2018)

 Forex Trading Strategy: Learn Swing Trading 1000+ pips (2018)




Hello everybody today I will tell you the Strategy how to manage your Forex Trade or futures or stocks or any other trade okay that involves price action trading okay to maximize your profits or returns before I start I get what is the most common mistake that you ever made when you are trading when you are trading when you are on the desk what is the most common mistake that you made most of the times I get the email saying you know what Ali I am I have taken the best trade in the world but you know it stopped me and then it went higher and it moved like hundred and two hundred pips so what is the wrong thing that you are doing how I am managing my swing Forex trade that I can assure you so today I have I have a great example on euro dollar the most important things when trading forex market is that you have to be a disciplined trader it's all about the trade management you can take the best trade in the world as said and you can just choke it okay and you can just take the worst trade and then you manage it so beautifully keeping risk to reward in your mind okay in your favor and then get out with the with the profit okay so today I have a nice example on EURUSD it's again a Forex pair let me zoom out a little bit first let's switch to weekly chart on euro dollar this okay I took this trade on 14th of July right here right here is my entry and the chart you are watching in front of in your in front of your screens is a weekly chart so I've been holding this trade for an about its new year its 2018 and now we have almost let's say nine and a half months into the trade I am holding the trade definitely I will share my steps but one by one what start strategy I use for swing trades to maximize my profits because forex trading is such a beautiful thing that if you are a discipline trader okay if you are a disciplined trader market will pay you the market will pay you huge all you have to do is keep your nerves okay and be disciplined trader.

Now the question arises that how to be a disciplined trader? alright how to be how to manage it for it for like how to wait for nine months it's almost we can call it a year now after two three months it will this trade will be a year trader and I'm still holding will i still hold? if the market is dropping yes of course yeah does this drop panics me of course not! I have seen a drop of like five hundred and twenty let's suppose five hundred pips so how about this drop this drop is just four hundred and fifty pips so what have happened okay I saw a drop of what do you call it five hundred pips but again I saw a gain of hundred pips a thousand bit sorry this time I'm watching a drop off I don't know maybe it might drop more maybe 500 pips lets say I might expect one more push to the upside okay maybe here and I might exit everything out here so where to take your profits out where to take your stop-loss where to manage your risk where to put your stop-loss maybe if I will be way aggressive I will be stopped out here I will say you know this is 200-day moving average blah blah blah you know this is this has closed under the moving average okay so I'm gonna take a loss I'm gonna take my my position out it has already retraced more than 50 percent sorry about the color this color looks so ugly okay ! so it has already retraced like 23.6% left back to zero so should I take it out no I managed it I keep my nerves okay so same thing you have to do first I will disclose why I took this trade on euro dollar okay and how I managed the same trade for to hold on to like ten months so let's get started.

Huge sell-off on Europe if it zoom out a shot a little bit we can see huge sell-off for almost a year okay huge sell-off and then after this sell-off what happened the Euro started to move in a range how at this point of course we will never know if this thing is going to be arranged no of course not but yes when we will be able to know we will be only able to know if this thing is range maybe here ok when we see that this price is rejecting the highs every single time they rejected the highs here here here and where they're going they're trying to go lower so this point, at this point at this type of point we know this is a range you can draw anywhere we have a rising support from higher time frames maybe to monthly level okay so we have we have rising support we know the price might stop here price stopped here quickly the snap ler dropped new sellers skyrockets back to the highs right we have plenty of touches in this it that they might stop here as well right this is the time okay where the industrial buyers big buyers are putting their orders in but we are safe traders we don't want to be the first one into the party ok because we are not industry we are just individual traders okay so we have a range okay we have a range here they have rejected the highs many many times here there you go here there you go we have also range lows okay in the range what do we do let's suppose if we have a range okay we have a range the price moved really aggressively to the downside okay and then do we buy the low exact no of course not we can't just buy here this is way to aggressive to buy okay what we do we wait for the confirmation the price goes back up okay the price goes back up to the highs got rejected here okay they got the rejection here the price drops again back to the lows so do we buy here of course not at this time we don't know if the price is going to drop further or if that's a range that can be just double double bottom and for the third time the price goes back to the highs and then again closed fails to close above and then comes back down that point we know okay if the price is coming back down we know this is a range this is a range so now I can look for buying opportunities over here this can be my buying opportunity industrial buyers they'll be buying down here okay and where will be they're selling they'll be selling the top right they'll be selling here in range sell the high sell the high sell the high sell the high okay buy the low okay so this is how you trade the range okay so coming back we have nice buying opportunity down here many many spikes spike the price comes down okay price comes down spike goes back spike goes back spike goes back so at this point we know that they are losing those sellers who've been selling this market ever since they are losing the hope that this price is going to fall I know some traders who've been selling handle in order that thinking or hoping that it will hit euro will hit one point zero zero okay so that's different part of the story and now we have rising support here way before it got broken they they closed under it okay they closed under it the price came come back to our buying territory this is our buying zone price comes back to our buying zone they makes a new high new lower high there now the price what the price is doing the price is continuously making lower highs okay price is continuously making lower highs one lower high here lower highs here and then we have higher highs higher highs higher highs higher lows higher highs higher lows but now since I am creating a range right and zoom out they have failed so far to close any weekly bar above this strong level right they came back of course they came back failed to close failed to close failed failed okay and then here also they failed they came back you know what the buyers are doing industrial buyers especially okay they are buying down here okay and then they are coming higher they're booking their profits that's what happening here they are booking their profits okay and in case if they don't have the faith in the trade they'll book their profit in in in and and if they have faith in the trade okay they will keep it keep it go go go okay so we have nice gap as well on Euro I don't know maybe like 50 60 people not 50 maybe 100 200 170 points pips gaps on euro dollar okay so they fail to close on in our this horizontal support and resistance area okay what is support and resistance Area for example if this is a strong support or resistance okay the price comes drop drops sorry the price drops aggressively okay now this is a support if the price is up here this is support it drops comes back to test it okay now this thing has become a resistance now so now you look for selling opportunities same thing okay the price is going higher okay price is going higher price comes back around okay price comes back around okay now this thing has turned before it was resistance now this thing is support is acting as support same thing we see here the price drops aggressively they came they come back to test it okay they came back to test it failed to close and then another push to the downside one more leg okay so now this thing is now a resistance the failed they failed a couple of times and now we are seeing a close for the first time in history above our support or resistance level here we see finally a close right so what do we do so we've definitely loved to buy how many weeks it has been they haven't closed since 2015 and we are in 2017 the price failed to close they they had multiple attempts to break but they every time they are falling apart for the first time in history we had not history but you know in maybe two three years that we see finally a close above so what we do we come back to daily chart okay where is the entry today the market is closed so I don't have to scroll otherwise the chart will move back and forth okay so this is our entry candle 14th yeah 14th okay this one right here as soon as of course there is a close you guys might think there is a close daily close as well okay so why haven't I bought there because this might be again a fake break out what happened here while you are not paying attention to the weekly chart we have a break here right and what happened if they even went higher the trap new buyers and then they are coming back down to complete the cycle of the rain so that's why the weekly chart high timeframes always rocks the swing that's the beauty of the swing forex trading that you have to watch a chart on weekly levels on higher time frames so that you don't you avoid doing mistakes okay it's tough to be disciplined it's tough to wait but yes so you get down to see if this weekly if this weekly candle will close above this horizontal support or resistance area finally they close it and then we can move to daily chart to take our entries the daily candle maybe like I don't know maybe at since I live in Dubai so for my time this candle will close around one o'clock or two o'clock in the night depending if they have a day saving time or whatever so I I can't wait so I will just wait I'll just put my buy order maybe the candle will close or not so I I just took a buy here okay my buy is here I took the Buy where is my stop then the most important question there is my stop is there enough room to target what I am going to risk this is the most important question in trading for I have a bar here I have a stop of four hundred pips my stop goes under the previous week low since I'm trading weekly chart my stop is here 400 pips is my stop okay so do we have enough room we will see this swing we have like 250 and in case since this is these sellers will be taken out because this is huge huge sell-off okay and those traders they might be holding as said a friend of mine was still holding handle for a handle he never achieved one point one point zero zero sorry okay so those big industrial sellers they're holding on to it okay and then finally when we see a closed for the first time above our horizontal support or resistance area that's a good sign for us the only thing that I see here can be if this swing high plus the EMA the 200-day moving average so this is the only thing and then what happened next week skyrocket they closed above 200 okay what is the next hurdle the next hurdle is swing high they closed above ok back-to-back bulls bar Wow two weeks done so let it and now I I start to build faith in the trade that this trade will work why we had a swing failed we have 200 immediately that was my hurdle they closed above that's why the close is important not the test ok the price comes back test it fails comes back test it fails I want to see a close ok so the price close above 200 price closes next hurdle that is swing high over here sorry over here and then now I feel more faith in the trade that it might work so now I can move my stop if I want to break even ok because I I have seen enough I have taken my profits out from the trade already ok how much was our risk 400 points we have already achieved 400 points here sorry it's forex so it's pips so I have already achieved four hundred pips so now I can move my stop to break even ok I don't want to see this thing coming back failing at the highs like what it did earlier okay I don't want one more push to the downside ok so this if the whole scenario now in front of my mind so should I ..what happened then the price moved higher price tested one point two zero handle okay and then they started to retrace some people started to say this is a trend changing and we are cycling back to the lows because that's what the range traders will do right if you are selling here ok the price goes more high you sell more to send it back right so that at this point when they started to break this rising support level okay they started to say you know this is a reversal now we are cycling back to the range so actually this is range expansion okay this is just a range expansion this is the original range so you just copy this and paste it here maybe here so this is one range and that is second range the third range will be again back to the highs that we can count even so this is like thousand pips range so this is again thousand pips range exactly same to same if this by chance of course not traders are keeping their eyes on it so we have thousand pip range okay we get the point 940 and then from here we have again a thousand pips range and we have a retracement of maybe 500 pips so we expect a five hundred pips retracement then again we can talk it a range expansion that's different scenario that the range trading I will cover that one in the next videos but for now this is the swing trading okay so swing trading you you don't place your stop way too close otherwise you'll be stopped out I'll be stopped out if i place here right I'll be stopped out you know I'll say you know what this thing gonna fail as expected they have a closed under same thing under the 200 okay that first it was hurdle you remember 200 was a hurdle they closed under okay and then they have now they are coming they're cycling back so they might test my entry point so it's okay let them test my entry point don't panic don't freak out if you have a stop here take the stop call it a deal so dont put your stop-loss way too close to the price okay and then what happened after two three weeks we have like twin reversal we have evening or Morning star whatever you guys want to say it but I would I would not never say it evening or morning star because we have like one candle in the middle of the week okay and then more away it's not happening in the top at the top or at the bottom so we have nice structure here we have a trendline resistance coming in we have support coming in okay we have a nice close finally here we have a nice closed above and then again we are continuing right we are continuing so now I can move my stop from where it was breakeven oh sorry from break even to the previous swing low now we have a swing low this is known as a swing low okay so now I move my stop to the swing low got it so this is my stop the price goes price is here one week to week three four five six weeks six back-to-back closes above the highs so closes at the highs near the highs close makes a new high okay but then again comes back around closes above the previous week high this is good for us because what I want to see is price closing above from where it opened okay and if it is it is closing above the previous week high that is even more good better okay and then we have resistance coming in from higher time frames the price started from here so we can name it an X okay you can call it X sorry you can call it X price starts it from here they stopped here and then there is higher probability again to stop here and notice now that they haven't they aren't able to close now above this resistance area moreover we have like trendline resistance from monthly level from monthly level from like 2008 2014 and 2018 now okay that this thing can turn down so weekly level where my stop my stop is still sitting at the previous swing low I want to give it a maximum room that I can of course I have taken my profits out for example my my risk was four hundred pips so first I take four hundred pips out okay now my trade is one to one I have gained what I had risked so now my target will be eight hundred pips there you go I hit my eight hundred pips on this week like January 2018 I hit my ...my eight hundred pips and then price moves like thousand pips so I have gained eight hundred plus four hundred how many there one thousand and two hundred pips already from the trade and now this is my bonus my runner let let it run how far this can go I was I'm still expecting of one more push to the upside okay i am expecting a buying zone somewhere between actually here okay anything here looks good I've I haven't placed my buy orders here because I was looking for a trap back to like one point two zero handle and the break of this area break off our strong support and resistance area same thing what happened here lets see we have again strong support or resistance we have rejection of the highs rejection the price close never comes back to test it and now that we are testing it so that before it was resistance and now it is support right and now we are seeing some bullish momentum from the buyers on EURO so this thing can definitely skyrocket back to one point two three handle but at least back to mid of this range you can call it like one point two two so this will be for day trading not for swing trading for swing trading you have to wait for right time you might get like ten trades in one year maybe five trades in one year but that one trade or that five trades we'll be equal to that trader who is trading hundred lots in one year or you will be gaining more the trade traider will be paying spreads commissioned every single thing of course in this swing trading you only have one disadvantage of the swaps so I have a swap for like $300 now so you have to make a deal with your broker of course there are some swap free accounts as well you can look for look into them if you are swing trader you can make sure that the swaps are in your favor okay so if swaps are in your favour you can even look for more quantity you can hold on for more longer period because swaps are filtering you in my case euro dollar since I have a buy on euro and have shorted US dollar this this is how the forex market works if you have euro dollar this means like if you have where is it euro dollar okay and this means you are selling the Euro if you are buying sorry if you have a buy it in my case I have a buy I'm expecting Euro to go higher and I'm expecting the dollar to drop sorry about this to drop okay so now I'm expecting your to go higher so I am favoring Euro right so I have a favor on euro so euro have negative swaps because I am buying euro I have to pay the swaps so you can discuss this with your broker you can ask him or they have a whole spreadsheet you can even look in the empty for section in Euro may be specification you can see how much they're charging swaps like long swaps are - 2 short short swaps are okay three days swap so every Wednesday whatever so every broker have different stuff on this one so so that's how you manage you wait okay you wait you put your stop at right place a stop right stop placement initially my stop was here when the price moved higher okay when I got my t1 or t2 whatever okay I moved it to break even now if the tough tough part okay things I got my t1 t2 where should I exit the t3 or t4 t5 okay I will exit the t3 maybe at the highs maybe you know I know now that we have a strong resistance area coming in to play so I have to look at least book something here right also we know that this is range expansion 100 pips here sorry 1000 pips here 1000 pips here so we call it a deal thousand pips okay so where do I place my stop then because when the okay this this phase when the price moves higher and then come back around I have achieved the first phase now starting now this is the starting of the second phase okay now they started to move in daily wedge okay or weekly wedge sorry that's a weekly wedge and then they moved higher so that's okay I can move my stop here they moved one more high if I'm trading it on a daily chart remember this stop will be depending on the daily chart okay if you have a time frame that you're trading if you have a daily trade then you take it on a daily chart okay you move you manage your stop on daily levels okay if your trade if you have taken a trade on weekly levels then you manage it on weekly level okay so we have a new high the stop goes here okay so new high new retracement we have new high here alright new retracement here then I move my stop here we have a new high okay now I've booked my profit why as said I'm expecting a reversal from this point from this trendline area trendline resistance area we have nice rejection here they might reject here as well and I don't want to sit in the pain of like 500 and 600 pips again so better to take out my profits so taking my profits out here makes sense right now where is my stop my stop goes under here okay there is a rising support now so better to put it under right let me draw it again so rising support the stop goes under this rising support we have horizontal support we have buying area buying zone at you can call it like one point to zero so this is the buying zone so expect a bounce from here so should i so initially my stop was for under 200 day moving average but I just put it way under the price way far from the price because I'm expecting a one more leg to the upside so it's all about the trade management discipline wait for the right time wait for the wait for the resistance area wait for the support area let the price do it thing let the market do it thing whatever it is doing you wanna book profit here ofcourse you can okay I am I will not take the profit here we have nice huge rally to the upside with this this thing might have a leg to the upside one more push okay and the best thing to take your profit out if only I can see at the resistance area now we are approaching into our buying zone you can say that again same scenario we have rising support we had a rising support rising support got broken rising support got broken okay and then now in this one we had like support support support let's see if we can find support here as well no not nothing so far so we have we have still like enough room like hundred pips for the price to go and then we can look for buying opportunities here as well so that's why that's a buying zone so same to same pattern structure same structure this is the same structure same structure is happening here we have rising support we have rising support rising support got broken okay rising support got broken okay and then now same thing we had this one I have to calculate maybe we have 500 pips of the retracement we have like 460 so almost five hundred pips of the retracement same thing okay everything is pointing to the upside we can also draw RSI okay okay RSI finally starting to go higher so that will favor us okay so what is where is MAC D okay so still like selling momentum but nothing no divergence so far everything looks okay but MACD looks bad okay doesn't look good to buy so but these indicators are laggy as you know okay so we can look for buying opportunity at this area around 200-day moving average EMA or exponential day moving average and we have a support we have our support buying a zone okay we have our rising support broken and then we have horizontal support as well so many thing pointing up same same level here okay so I wanted to have in a conservative entries so maybe around 1.2098 this one looks good to me the price came back maybe maybe missed it by like 10 pips nevermind, we'll see how the next week will go I have still buy at handle I'm still making like 600 pips already on the runner on the target for five forever you can say I have already achieved my targets on this euro dollar pair and then next week on the next video I will share GBPUSD because I have also also made like thousand pips I don't know if I had already made but I don't know if that was a long video so sorry about the long video hope you learn from this video and they do let me know in the comment section or you can email me directly at the supportatforextradingcity.com and I will definitely reply you guys so be a discipline trader wait for the right opportunities okay and then when there is a right opportunities go all in okay go in with your maximum because right by that time when you are waiting for the opportunity according to your trading plan you are seeing that this is what you have to do and then when the opportunity is there just grab it and that way you will have more faith in yourself more encouragement that yes this is what I was looking for this is what I have gained and now I have the opportunity to grab it so grab it and then enjoy your life thank you so much for watching it so see you next time bye bye.


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Stock Trading Quick Tip: The Math Trap

 Stock Trading Quick Tip: The Math Trap

It's clay trader from clay trader calm sorry about the beard I live in Michigan I don't live up in the mountains I know I kind of look like a mountain man right now but when you're your own boss and trade from home you can show you whenever you want to what I want to do in this lesson is just talk about a very simple concept not necessarily simple but it's one where you know I'm an engineer divide agree I went through for calculus classes I took differential equations in college and yet when I first started with trading I missed this very crucial mathematical concept that is vital for risk management and just managing your money and really kind of motivates you to stay disciplined with those stop losses so I want to start off by just drawing a box up here well let's just really this is just a trade don't mind my childish handwriting so right here represents a trade a very nice rectangle you buy a pair and then the price goes down here now in order for you to get back to break-even the price just needs to travel the same distance back up here right hopefully you're saying wait a minute no that's that's not right or if you're sitting there saying wait why isn't that right well that's the whole purpose of this video and what I want to get across like I said not rocket science I'm not proclaiming to be a genius or secret strategy but something that's very pivotal for your risk management now why is this the case well let's say this was ten let's add some numbers to this and this is going to help you hopefully see because when it comes to charting or when it comes to trading I should say distance does that not matter this could be a candlestick and if you're sitting here thinking well if the candlestick you know creates this distance and then bounces back up you're back to break-even well you're not looking at the right thing you're not looking at the math so 10 and then let's just say it drops down to 5 on you this right here would be a 50% loss because everybody followed 10 to 5 50% loss now this is 5 again and this is 10 up here looking at it mathematically 5 to 10 so this distance what is the price after now travel from a percentage standpoint 100% so hopefully you're seeing the issue here and why you shouldn't be looking at it as just okay the prices dropped from here to here now I just need to travel the same distance back up mathematically that's not the case it's got to do more work to go up so picture this as like a big stone rolling down a hill stones rolling down the hill no problem but when a stones got to get pushed back up the hill you got to use a lot more effort and that's what's going on here with the math a lot more effort to recover any sort of losses so why is this so important well from a risk management perspective you don't want things to get out of control on you it may not look too bad from a distance perspective but from a mathematical perspective it can turn against you very quickly and the numbers are I guess not your friends the numbers are not in your favor when you begin to take losses and let them expand on you so really get that you know suck it into your mind understand this concepts crucial for managing risk and you need to factor it into all of your planning if you're trading you better have a plan before your another trade and this is a vital little component yes little one that big one that can be overlooked though a lot especially if you're just getting started so keep this in mind the numbers are not your friends it's easy for a rock to roll down a hill but when you need to get that rock back up the hill a lot more effort is required thanks for taking the time to watch this video hopefully you learned something maybe it was a little bit basic for you but if you like the style and how it was done I'd encourage you to check out some of my more advanced courses if you go up into the training store you'll be able to see I offer things charting both beginner up to more advanced concepts and then level twos all sorts of stuff for the trader and four ways to get a limit or eliminate your motions from your trading so check that stuff out if anything though recent testimonials and you know get a good third-party perspective or you can get a hold of me on Twitter Facebook or submit our contact form up in the top bar of the website and you know drop me any questions you may have and I'll do my best to answer them and get back to you in a timely fashion thanks again for watching have a good one you,





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