120121 Triangle breakout
Trade Thesis
a) Triangle breakout
b) HSP breakout
c) pole and flag set up
d) RSI positive
e) mini pole and flag set up
g) Weekly breakout possible
h) Long above 2255 and closing above first 5 min on monday is good long otherwise skip the trade
i) SL compulsory
j) Duration 1 week only
Trading mindset requirements
a) The key Characteristics of a Winning Trader are Psychologically, the very best of traders share the same key characteristics, including the following: are
1. They are all comfortable with taking risks and dont mind if the system provide losses in single trade.
2. The losing trades are simply part of the game of trading.
3. Winning traders are able to emotionally accept the uncertainty that is inherent in trading.
4.Trading is not like investing your money in a savings account with a guaranteed return.
5.Winners are capable of quickly adjusting to changing market conditions.
6.They don’t fall in love with, and “marry”, their analysis of a market. If price action indicates that they need to change their view on probable future price movements, they do so without hesitating.
7.Winner don’t give in to being excessively excited about winning trades or excessively despairing about losing trades.
8.Winning traders control their emotions rather than letting their emotions control them.
9. Winning traders carefully calculate potential risk against potential reward before entering any trade.
10. One of the most important psychological characteristics of winning traders is the ability to accept (1) risk and (2) the fact that you may well be wrong more often than you are right in initiating trades.
11. Winning traders understand that trade management in trade life cycle is actually a more important skill than market analysis.
12. What determines profits and losses is often not so much a matter of how or when you enter a trade, but much more a matter of how you manage a trade once you’re in it.
a) Triangle breakout
b) HSP breakout
c) pole and flag set up
d) RSI positive
e) mini pole and flag set up
g) Weekly breakout possible
h) Long above 2255 and closing above first 5 min on monday is good long otherwise skip the trade
i) SL compulsory
j) Duration 1 week only
Trading mindset requirements
a) The key Characteristics of a Winning Trader are Psychologically, the very best of traders share the same key characteristics, including the following: are
1. They are all comfortable with taking risks and dont mind if the system provide losses in single trade.
2. The losing trades are simply part of the game of trading.
3. Winning traders are able to emotionally accept the uncertainty that is inherent in trading.
4.Trading is not like investing your money in a savings account with a guaranteed return.
5.Winners are capable of quickly adjusting to changing market conditions.
6.They don’t fall in love with, and “marry”, their analysis of a market. If price action indicates that they need to change their view on probable future price movements, they do so without hesitating.
7.Winner don’t give in to being excessively excited about winning trades or excessively despairing about losing trades.
8.Winning traders control their emotions rather than letting their emotions control them.
9. Winning traders carefully calculate potential risk against potential reward before entering any trade.
10. One of the most important psychological characteristics of winning traders is the ability to accept (1) risk and (2) the fact that you may well be wrong more often than you are right in initiating trades.
11. Winning traders understand that trade management in trade life cycle is actually a more important skill than market analysis.
12. What determines profits and losses is often not so much a matter of how or when you enter a trade, but much more a matter of how you manage a trade once you’re in it.
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