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Astro Forex Online - HOW MUCH CAN I MAKE TRADING FOREX? - Astro Forex Online

Astro Forex Online – HOW MUCH CAN I MAKE TRADING FOREX? – Astro Forex Online

Astro Forex Online – HOW MUCH CAN I MAKE TRADING FOREX? – Astro Forex Online

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Nick McDonald - Day Trader Documentary - A day within the life - Nick McDonald

Nick McDonald – Day Trader Documentary – A day within the life – Nick McDonald

Nick McDonald – Day Trader Documentary – A day within the life – Nick McDonald

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Adam Khoo - Skilled Forex Online Trading Course Lesson 1 By Adam Khoo - Adam Khoo

Adam Khoo – Skilled Forex Online Trading Course Lesson 1 By Adam Khoo – Adam Khoo

Adam Khoo – Skilled Forex Online Trading Course Lesson 1 By Adam Khoo – Adam Khoo Check out Adam Khoo’s stats and you may perceive why I’m a fan.  

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New Post has been published on TRADE MASTER TEAM

New Post has been published on https://trademasterteam.com/forex-strategies/60-winning-forex-trading-strategy-will-it-make-me-money/14866

60% Winning Forex Trading Strategy | Will it make me Money?

Oh Oh what is going on my people it's your boy Ellis and this is episode 4 of my trading from $100 100 pound series which I am super pumped for if you haven't seen the last episode I would suggest you go check that out I went over on finding the winning trading strategy so in that I went over like this there's if you haven't seen I'm gonna go check it out but basically a card like there's a million different ways to trade the market it's just to find something that resonates with you and what you are comfortable with something that I should have mentioned and that one is like when starting it's good to start with like a mechanical strategy so biomechanical I mean like having like criterias that has to be made before placing a trade instead of that being discretional like after you gain a certain level of experience then you can start being like disc a discretional discretionary card type of trader whereas in like based on your experience you've seen certain things happen before and if you consistently take part in that pattern over time you will be profitable but for the starts and stages because like that can be a bit more I mean it can put your confidence a bit down when you're not winning as much so I mean regardless of any strategy trades that trade there is times when you won't be winning as many trades but starting out you first like if the first year first two years or so I think mechanical is the way forward biomechanical others saying I mean like having filters so like for example having like a 1 2 3 4 approach so if if filter one is complete then you take that it fills the two is complete then you take that filter three's company take that flow to 4 then you you just okay this is a good trader stay at the trade with your set stop loss and profit are key criteria that's whatever that is whereas in discretion or training then it's just like okay I've seen this pattern before like prices at this key level blah blah blah I know this based on previous price action this could happen and etc etc and then you can also add your filters but they wouldn't paid that much of a big role so if you for example using the mechanical strategy as I was just saying and you get to cry tears as here not all four of them then if you take that trade then it's kind of not meeting your criteria so if you have a strategy where you have to stick to that specific criteria and you and you stick to that for more than two days more than two weeks more than two months at least six months then I am pretty sure you will start up I'm not guaranteeing it but you'll probably start to see a good turnaround so that's what I will be starting if I go less discretional and more into the mechanical side of it so um I load my charts up now let me load this stuff limit so Start screen record actually okay so now we've got the chart load it up as you can see I've got a few lines already on there I've got a few boxes from like from previous things I was testing to see if they'll work out or not so what I'm gonna do is basically go over the basic template I'll be using to place my trades when starting like with some more capital it's important that you don't over trade or anything so I'm gonna be using only one currency pair which is the gbp/usd and I'm gonna be using a short time frame which is the 15 minute I don't think up a hundred percent decide if I'm gonna use the fifteen minute yet but hopefully it's even the 15 or the one hour I'm gonna do some more testing after this board for the video say let's just go from the fifteen minute I think I'll probably stick to the fifteen minute and yeah so this is the chart if you don't know what charting software a platform this is the link is in below I've made a video about choosing the right brokerage nothing that was episode two so this is training view links below go sign up it's free you can do a membership but the free the free version is is more than enough and you can link it with your brokerage or not I've explained everything in the previous episode so I think it was so what I'll be doing I've already got a few indicators on here indicators are necessary as I said you could have a naked chart and with like with discretion just assert just some lines and understanding how to market EPS and flows like ups and downs and you can place a trade and be profitable time but for the sake of being a noob like a new beginner I think it's important to have that mechanical kind of template to point you in the right direction so you don't need all of these but I'm just using them to make the analysis a lot easier because it kind of gives you the direction like calculated through all this mathematical kind of equation or not forget the blue and the white lines that you see those are from like a higher time frame as doing some analysis and just like putting in some support resistance and some channels and whatnot so we're gonna drop down so on the height we could use that as well as a part of the on the lower time for him to see a type of like the called a my inflection point so if you see something happening around a certain point then you can then take a portrayed based on that like as you can see from here on the higher time frame that's a strong level of like resistance support so if price breaks and Greta's is you can see you could have took that long lower well if that's not a strategy then you can't really trade you can trade it but then you just trade in whatever you see which is not really ideal as a beginner you need to have a set criteria or I'm gonna stick to this and if you stick to you criteria then if you miss a trade it's not even that big of a deal because for example things that say say you went to the airport and you book a flight to go to London and you miss the flight to go to America why would that bother you so the same as the same Australian like you have a specific strategy that you trade if something miss if you miss an opportunity or you miss something it didn't fit your into didn't fit your style so it shouldn't bother you too much like just stick to your plan and or you get to your destination nothing good um that's a good one I think anyway so let's let's break this down so I've got a two hundred and the fifty EMA so it measures an estimated amount that prices moves over the past 200 candles and over the past 50 candles so as you can see it kind of already tells you when prices in an uptrend and away and prices in a downtrend so if you can look for look here the 200 is in the white you can see that when prices above it when when it's below the candles and whatnot it's salish it shows that it's an uptrend is going up press the bobbitt price is moving up the 50 EMA is obviously a shorter period but you can use that like a dynamic support resistance kind of thing so the 202 kind of definitely give you a more clarified understanding of where the markets head in the 50 kind of just gives you that the example as well it's more choppy and probably unkind less reliable innocence so boy you can use as like dynamical support resistance and then when you can see when them when they're just like crossing and whatnot like that just like consolidation and you can see when price is below it that's like in a downtrend so that's like say for example that's criteria one so if price is above it one is ticked we have to wait for a novel criteria at two estate three blah blah blah so now let's go down to the bottom of got like the RSI the ATI which is the average true range and then another stuck RSI you don't need both of our size as I'm saying like this is something that I've been thinking about my head I'm thinking this could potentially work as a good strategy if I was supposed to come by and stuff I'm not saying this is the way forward but it's how I I was just thinking you know what this will give me some confident as well as some this will give me some confidence and I think you're providing of opportunity for me to get involved as well as I um as well as high strike rate opportunities so let's take an example of these two trades that I took like I was just know I never took them but I just I'm messing around I'm gonna do some back testing and show you the results that come up with but if I'm sure the results are coming off with likes example we wait for those the EMAs across meaning that the trend might change or something like that then you wait for them to cross you wait for the specific opportunities that you're waiting for it could be an engulfing candle could be a rejection candle it could be like the IAM the the stock RSI to be peeking to be peeking down as in over oversold and you just have your plan ready so if you went back to the previous episode then and you give with a book this book that I recommended in the previous episode you kind of expend a lot of filters that you can use for your trading so where I'm saying like engulfing candles highs and lows Fibonacci's and whatnot so you can use all these with like extra confirmation so if you haven't watched the previous episode go check it out get that book go through it do you research online or the more fun stuff I'm not actually created a strategy yet but this is the basic template that I'm gonna use to trade with so I'm gonna wait for the price to be trading above the 200 ma I'm gonna wait for the RS eyes to be bottom down or at the top or topped out and are probably using like a larger time frame to engage of direction of where the markets go in so as you can see like if you understand a lot it's the same analysis so if so I might look on the data time for him to see whereas working price in my head so if I come back down here at this point when I saw the engulfing candle off my finger you know what it closed above the 200 EMA the price might start to go up so I might have a long bias and then if I go down to the 15 EMA at this point right there let's put a line there if I go down to the fifth no wrong line this line if I went down to the 15 yet the 15-minute time frame at this point then I could have said where is that point that's on Long Point way down here then like I said okay I'm only looking for a long opportunity so my buy the dip so I might buy on the dip and then sell on the high or my just buying the dip and just let the trade run so for example even this way for example the life is somewhere down here I know the market might be going higher I might say okay let's wait for an EMA cross or let's wait for price to be trading above with a certain with a certain entry reason so exam four I hit right here I'm kind in treason based on like what I what I have in my mind or I think is acceptable and I got in here put my stops right here and I just took like a two-to-one on a larger a larger time for him that could like if you're managing a lot of time for many ways then that could be like let's see that could be a halfway higher risk to reward ratio so let's go to hunt even see on here I can't even see the the the thing on here where is it I think it's this one here so let's say I got in there and I was and I was managing imagining on a daily timeframe it's not I mean you probably lose a lot of trades because you like because the stocks might get taken out because if you look at this on a daily timeframe I don't think no one would enter a trade right there with that stop unless you're like a just a G so if I enter under under under 15 minutes timeframe I could've gotten like just like the perfect point of us with a very small Star Plus that looks like a 16% gain now I'm not saying that's like what's gonna happen every time I'm just showing you the possibility that might be slightly unrealistic like most of the times but it's it's a potential depending on how you manage it and an etc etc so as I was saying I will like I I I know my a tunnel under daily timeframe but now because I move a smaller amount I'm gonna use in the 15-minute time frame or the hourly probably 15 minutes depending where I get in on the 15 minute I couldn't then take a daily approach a manager a manager a daily timeframe level whereas in a take profit based on on a daily structure level so what I'm gonna do now is I'm gonna pause all this I'm gonna go back probably around 50 trades in the past with my exact right my exact one two three four criteria in mind and then I'll just see how it would have worked out back it's just so it's just a lot of back testing thing I mean by testing I just have every video back to sin altogether I think it's good for the same time too much breath testing can be very detrimental to trading because then you probably have like force expectations it just past performance doesn't guarantee guarantee future future results so it just gives you an idea of to understand your strategy a bit more and to see if it actually can work in a sense but at the same time the best way to find out if you can't work is by putting into the market and really trading it for around six months and and see how it's just making notes of everything refining if Innings refinement and just going from there so I'm gonna stop that this party I'm gonna go back through the for a few probably like two months or three months or so I made more three months down where's three months on this so we're in September July May I think I'll go back to March is you fall I'll go back to the fifth I'll go back to me so I'll pull a line so align their let's find out forget bank and I'll go back from here all the way to there baptistin just to see how the traders of a plate would have played out I will come back on and show you the results that came up with hopefully it's finger Scott it's a good result and then the episode 5 we can hopefully start trading and make some cash that's that's what I'm waiting for to be honest so let's get this done ok so I'm back it's been a long day so it's actually like night now it's like 8:30 but nonetheless I've managed to get this done and I've written down my rules and and all that fun stuff probably fancy well but as I was saying in like the previous Clips I'll be using like a certain that EMA's and then if price was above then I wait for a specific kind of formation then I'll take like a two-to-one restore blah blah blah so I went back I couldn't go back 3 months I was doing 15 minutes laughing so I couldn't go back 3 months if I went back to I went back to the beginning of August and I have collect I have found 20 trades that meets the criteria how many of them were winners 12 of them was with 12 of them were winners and 8 of them were losers so that comes to a 60% like strike rate I mean that's only oh that's like over a month for now over our two months back just call that two months of like a price action you probably need around six months of data or data to really calculate what the strike rate is so the last two months it gives a reading of 60% I would 20 tries taken so I think that's that's just good enough to work with it shows that it is a profitable strategy if i sticked if i started it from the first of August until now let's say I was shown over 100 pound then it said remember it been a two-to-one reward I'm ratio for the a trades our last would have been like 800 pound and the 12 and the 12 trees I lost would have been a hot one 2,400 pound so you can see that it is 60% two-to-one that's a very good strike rate and rusty reward I mean if you are a successful sure that you know that what not saying that so I'm gonna get consistently like obviously I'd have to build the data and whatnot to really gather as much information to see like a rather realistic expectation but for the purpose of this video that's what it is a 60% strike rate I honestly was hoping for something like 80 percent to put in a title to make it that more attractive book you know what 60 percent is the truth it's kind of what like most perfect most most professional traders are probably around 40 50 percent like winning rate and it's still profitable I mean the average the person that comes in to market the thing that I have to win 90 to 80 percent of the trades to be successful in the market and that's not really the case but I kind of wanted to see that in the baptists and results to make that title bit more joint like interesting but 60% I'm just gonna be straightforward and put it in there it's a significant step six percent so good I mean it's a positive number and the two to one so that's great yeah so that's pretty much it for this video so episode 5 should be going over my first free trade and I probably got a bit more about back testing and how to do it and also leave leaves comments below to let me know topics that you'd like me to cover because I don't really want to just every every week I just go for trades I've taken and had the accounts grown on how the accounts been I would actually have a topic to talk about so maybe I'll show you how the trades I've taken how is preferred how the strategies performed and then that for like the first three minutes and then for the next like two three minutes and we just talked about like a certain topic that you might be interested in so that's that and I hope you guys enjoyed the video I am really looking forward to starting this and see how it what happens by like December times like what I would be yeah so start with 100 or C and gets you I don't know another report a number are there but we'll just see how it goes if you're wondering what that box is right there if you are interested in the car car videos that I make then that's a little what my first modification to the car over there he guess you can you guess what it is it looks like a splitter I don't know who see what it is that should be my next video but that being said I am going to edit this video and hopefully get it up more for you guys like comment subscribe share and I will see you in the next one that's hi hi that's my strategy from you guys I don't know people to follow exactly what I'm doing like that I recommend here you go again it's a good book to start with get the basics down create your own strategy so I'm not really guys gonna keep because I don't want straight exactly what I'm trading and then say all this is crap it's not working at all you know what find what works for you so I've been trying to say so there you go the link in the link for this book is in the description and with that being said bye bye ah I'm tired

[aleishaellis]

Peace

Never have I imagined words meaning much to me. Years of writing about my life has made it easier for me to write poetry with ease. I’m happy to write pieces such as poetry or short stories that make others feel better or at least a piece that they can relate to because in many ways it’s a piece of me. I want people to feel the same way when they see my act or photos; a sense of peace.