Trade!
Control emotions during tradeIt is very important to control your emotions during trading, human emotions are a big hurdle in trading, you can not maintain discipline if you can not having control on your emotions. Without discipline you can make money in market but you can't retain it.
Here is 5 things you can adopt to improve your trading skill and control emotions.
SET ALERTS :
we use to watch market continuously and during watch we see so many trades which we should not take, it disturb our trade filtration and also affect out trading phycology, we should wait for our levels and what our set strategy giving trade not to enter early or fake trades, you should set alert according to your levels,chart pattern,breakout or breakdown, any of your trading strategy you are using, there is no need to watch screen constantly in this free time you can also paly any indoor game to keep you mind refreshing and active,
once your price alert hit come up on screen then you can go with your trade.
VOLATILE HOUR :
some time we find trades in sideways or less movementing market and it face us stop loss, no movement or very small target, it's better to took any trade in volatile hours so that trade can exactly work according to your strategy try to avoid trades which are generating in less market movement.
Generally Indian market movement is
9:15 to 9:30 very volatile
9:30 to 10:00 volatile market
10:00 to 11:30 stable market
12:00 to 2:00 correction/stable/new/global market
2:30 to 3:00 volatile
3:00 to 3:30 last volatility
NEVER WATCH YOUR PROFIT & LOSS DURING TRADE :
when we see running profit loss in dmat it automatically affect psychology of trade and we start convening our self for exit, same side in profit and and loss also some time we more think to hold that trade either to exit.
we should took trade and either to see p&L we should watch only price and exactly exit according to our strategy do not exit too early do not exit too late if you took that trade according to your pattern, technical any strategy then you should also exit according to that strategy. watching price in compare of P&L helps a lot for long run.
STOP AFTER THREE CONSECUTIVE WINS OR LOSSES :
it is very important to stop at a point every day in trading, if you did 3 trades either continuously wining trade or loosing trade, at this point you should stop your trading for the day.
market is not for one day it will open again next day with same things. do not excited in profit and also in loss, if it was bad day not a problem close your terminal come again next day with fresh mind do not influence your fresh trade with old one .
TAKE BREAKS :
taking break in trading is very important to keep your mind happy active and fresh every time, as just we do keep our personal and professional life separate, do not mass up one with other.
take your self out on weekend do not think about your regular profit and loss take proper break that you need.
GBPCHF Trading Plan - 02/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect GBPCHF to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AUDCHF Trading Plan - 31/May/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCHF to go down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
EURAUD Trading Plan - 26/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go down from here.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
POSITIONAL - FALLING WEDGE PATTERN IN ANTONY WASTE HDG CELL LTD.NSE:AWHCL
AWHCL trading a little above life low and charts are signaling bullish reversal.
it has formed a falling wedge pattern and a breakout with good momentum is done.
now if it breaks the previous consolidated range/ or say previous swing high and managed to close a daily candle above 300 price then we can initiate new long position and the time frame would be 8-12 weeks to get our target levels.
All levels are marked on the chart.
"If you would like any more information feel free to DM me"
if you like this analysis please like and comment on idea.
happy trading & keep learning.
USDCAD Trading Plan - 25/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
EURAUD Trading Plan - 20/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BTCUSD Trading Plan - 20/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up on short term after finishing this correction.
Short term Buy.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
EURUSD Trading Plan - 19/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURUSD to go down after this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDMXN Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
SGX Nifty possibilities of long and short trades.This is an Idea of SGX Nifty probabilities on a Long note.
Fibo retracment :
Lets start with basi Fibo retracement, from point A to B , which is already at 38.2%, now we all know if this is going to be a strong bull trend there will be a possible reversal at this level or
a possible reversal will be at 50% which comes around 17238 - 16938 .. it doesnt have to be 50% it may even take a reversal at 61.8% as well.
Pitchfork :
A valid Pitchfork has been broken and trigger line has been rejected (Normal terms we call it trendline)
2 possibilities here: One, this could be a retest of the broken pitfork line which is absolutely at fibo 50% which can only be known once it reaches that area of horizontal support
Two, this could be a downtrend after getting rejected by the trendline at point B.
H&S Pattern :
There is an Head and shoulder pattern in formation which could take support at Fibo 50% and revert back to the trendline, if this happens and a breakout of trendline is seen, target is mentioned on chart.
lets say H&S is not formed, trendline or pitchfork parallol line still acts as a strong resistance, or breaks pitchfork and rejects at trendline, that is going to be a 3rd time rejection of this trendline,
we might see a stong move downside once again. which i called alternate possibility.
BTCUSD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up after spending some more time in this correction.
Short term Buy for now.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
EURNZD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AUDCAD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
CHFJPY Trading Plan - 16/May/2022Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea