Next week will be interesting!
What Im seeing is a very nice pullback on the H4 making a potential lower high!
Price is almost at the 79 fib retracement and a nice round psychological number with the EMA acting as potential dynamic resistance
Theres also H4 resistance in the area and a decending trendline.
Next week ill be open minded... but im looking for potential shorts on the EUR $$$ if the market presents me with the evidence to suggest its going to tank.
Always trade with an open mind!! All my posts are ideas... not advice. Trading is risky!! Keep your head right.. emotions out of it.. trade demo until you GOT IT!!! Lets see what next week brings 🔥🔥🔥🔥💪💪💪
I hope you already understand the importance of having goals in life. So, I won’t start quoting Tony Robbins for you, but I will mention some specifics that help you set realistic goals to help your trading.
Ok. Seriously now.
Keep a trading journal
Every time you open and close a position, you must make an entry in your journal. Note down the criteria used to enter and exit the trade as well as any observations made along the way. When you write it down, not only are you creating an invaluable resource for you to measure and track your progress, but you’re training your brain to think mechanically, which is the most important part of trading.
Never set a growth goal!
I often see new traders targeting a set number of pips per day, or a certain percentage return per month, however, You can’t take more than the market will give you. Sometimes the best trading decision you make is waiting. Setting yourself a defined growth goal will force you to trade in unfavourable conditions.
You are in total control of your success
This leads on from the previous point – You can’t control the market. However, you can control how you react to it. If you trade the strategy correctly and record each decision, then you’ve succeeded. No strategy will make money all the time; it’s simply the nature of the markets and why I don’t suggest you tie your goals to your short-term performance. However, if you stay true to a winning strategy and don’t make emotional decisions, the profits will come.
Before you start anything, you need to understand the intended destination and have a clear path in your mind on how to get there. Things happen, your plan will change and that’s ok. But you need that initial road map if you stand any chance of succeeding.
To quote one of my most loathed clichés “If you fail to plan, you plan to fail”.
So you want to live the dream? Trade full-time, in a pool or on the beach, from anywhere in the world.
The desire for freedom and financial independence is why many of us start trading.
How wonderful it would be to tell your overbearing boss to sod off, sack the annoying client who calls you at 8 pm on a Sunday and say sayonara to that moronic trainee who won’t get their head out of their phone.
Just you, a laptop, and the charts.
Now that you’ve peered over the fence at my luscious green grass, let me educate you on what it’s really like (while I relax on my sun lounge, sipping an ice tea). There are thousands of us around the world right now. Trading for a living and making a real difference to our financial wellbeing and the lives of our family through the rewards and flexibility trading provides.
It is possible. You can trade full time and quit your day job. But it ain’t always easy…. Here’s how you do it.
It might sound obvious, but I know traders who took the plunge in the expectation that dedicating full-time effort would result in profitability. Don’t do this.
Build a profitable track record of 12+ months (preferably longer). Start trading as though your life depended on it today, and if you can make money over a 12 month period without a major error/loss, you might be ready.
Keep in mind that you’ll likely be tempting to take unnecessary risks and overexpose your account because you have your job to fall back on. But remember, as traders we’re always one poor decision away from disaster. Stick to your strategy, cut your losers and live to fight another day.
Don’t hold losing trades for more than 3 days. “The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
13 20002 days ago
Good to catch up with my brother haven’t seen him in a few weeks🥃.
I literally have too many messages to reply to, I’ll be replying to as many as I can when I get home if you have been waiting I am sorry just been a busy day, I will be in contact within the next 24 hours 👍🏼📲
Lots of people misunderstand me when I say that... So let me explain
It does NOT mean that you have to change who you really are or not be yourself... That's actually the opposite.
Be yourself and work in order to evolute towards your next phase! Become a better version of yourself! Be the best person you can be! That's what it really means.
In order to succeed, I believe that you have to cut some old habits in order to implement new ones... That is the process of working on yourself.
Remember, you attract the energy you put out... So if you consistently strive for the best, it's most likely what you will attract.
Double tap if you agree 😚✌🏼️❤️
21 37917 hours ago
Meeting at the bank on a Friday night ya already know.... 🙄🌗🌚
Crazy to me that to average person works on average 8 hours per day, but the average millionaire works on average 13 hours per day.... If we do the math, that's 5 hours more every single day... And 1825 hours more after one year.... 🔮🍾
Success leaves clues... So many people expect and want to become successful, yet they are not willing to work on Friday nights and the weekend... There is nothing wrong with that obviously, but at the same time, you can't talk a big game and do the opposite after.... You can't say you want to be successful, and put zero work in... It just doesn't work like that... You have to be honest with yourself... If you want to chill, fucking chill... But don't come bullshit that you ''don't have the time'' or any excuses close to that.... And it reality, the only person you're really tricking is yourself.... At the end of the day, you are responsible of your successes or failures.... I think the key resides in simply being self-aware and knowing what you truly want.... Once you figure that out, you can triple down on the direction you're going and forget what doesn't matter.... ♋️💨👾💯
Yon won't regret the things you did do when you were younger... You'll regret what you DIDN'T DO...... My mentor once told me that the best way to live your life is to miss zero opportunity... Every time that you're about to make a decision, always ask yourself which choice would lead you to the least amount of regret... Never let your fears be bigger than your enthusiasm of winning... 💕👁🗨
Get yo ass up it's grind time babyyy!!!! Off to the next destination.... All in before the end of 2018.... Won't stop until my whole team is at the next level.... Let's get it familia.... 😈✌🏼️🈂🔝💮
17 36310 hours ago
The culprit was caught. Now we can enjoy our Friday. #fibsdontlie
So as you can see this indecision candle provided a good opportunity for the trader to jump in on this bullish trending market.
Now you can see how powerful the Indecision candle can be when traded correctly.
Be careful though, you will find indecision candlesticks forming all over the charts. Unfortunately not every single one of them are good trading opportunities. Take caution when selecting your trade, make sure you back up the trade with good reasoning and understand how to enter a forex trade correctly.
If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it covers my price action trading strategies that i use to trade the market.the strategies are easy, simple and very profitable. to get your copy , click on the link in bio or send me a private message.