Today’s topic is all about three trading stats that you must have.
If you remember I have spoken about the three step trading methodology in our talks at conferences and seminars. One of the components of the three step trading methodology is the optimisation component. This is when you’re looking at your stats to see how you can optimise your strategy or review...
The cypher pattern trading strategy teaches traders how to correctly trade and draw the cypher pattern. The cypher harmonic pattern can be used on its own and provide traders a profitable forex trading strategy.
It is not surprising that geometric patterns are used in forex charts. And the cypher harmonic pattern is a very good representation of that. The pattern...
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside....
I've explained how can can use Fibonacci levels in trading using example of NSE:TATA STEEL
. Firstly know your trading perspective, and choose your chart time frames accordingly
. Now use higher time frame chart and draw FIBONACCI RETRACEMENT TOOL from bottom to top(in Uptrend)
and top to bottom (in downtrend) for current trend.
. Mark the levels using...
... is the concept that
money available at the present time
is worth more then the identical sum
in the future due to its potential earning capacity.
This core principle of Finance holds that
provided money can earn interest,
any amount of money is worth more then sooner
it is received.
disclaimer - shared what i read, learnt, applying
Part 1 – Methodology Plan
This is the framework of your trading plan. Without thoroughly making these decisions, your plan may not be fluid.
Part 2 – Your Money Management Plan
Money management is the most important part of the plan. This is where you should understand how “risk of ruin” relates to your trading.
When calculating your risk of ruin, any number...
