forex trading – EverythingTrading

29 December 2023

It’s 8am and how the price reacted within a period of 8hrs is that price made a turning point at the bearish FVG but made another turning 50% of the bullish inverse head and shoulders range which took the price to the upside trading higher then the bearish FVG. This caused price to break out of the M15 downtrending channel.

Lesson from setup: What I learnt from the setup so far is that when price is headed somewhere as a result of a FVG and there don’t seem to be another FVG anywhere, it means that the price is poised to create the same range it created before a high and a low would be created after a range, vice versa for a bearish range would be ‘the low and high created after the range’.

With the current M15 zoomed in setup, I see that for the past hour and a couple of minutes counting, price has been bearish as a result of mitigating a bearish Order block. Now as opposed to the previous bearish Order block where price made a turning point an hour after mitigating the bearish OB understanding that it happened because of the imbalance created by the price on its way to mitigate the bearish OB; this current bearish OB to be mitigated did not leave any bullish imbalance. There is no imbalance created anywhere below the 4805.031 & 4762.193 price levels which together create a zone. In that zone however, there is a lot of sell side liquidity.

The beauty of a top down analysis is that directional biases correspond in different timeframes.

The thing about how I trade is that I cannot take a risk of placing a trade without know the range that I’m trading whether it’s a bullish or bearish range regardless of its length. Right now, price has mitigated the bearish order block and has been bearish ever since. Two things may play out here.

1:Price might go back to mitigate the bearish FVG it created on the M15 with this bearish range; have an imbalance in the bullish range where price mitigated the bearish FVG first, followed by the bullish imbalance(FVG) then take the price to trade higher to the bearish unmitigated FVG in the H1 timeframe.

2:Price might mitigate the bearish FVG and continue trading lower.

Either way, I’m always waiting on the other side of the charts for price to leave some footsteps.

I am currently waiting for a buy signal from my template.

Buy signal recieved, I’m placing my buy trades

I rode the first wave but the picture below shows that price took out a spike before triggering my orders. This is one of the reasons why I like to place a couple of order immediately after a signal confirmation. It’s so that when price takes out a spike at any time, I would be in already as price collects my orders and moves.

However😂😂😂😂🤣🤣🤣🤣price just left a bullish fair value gap(price imbalance) in the M5 Timeframe.

Final war positions…

The first spike is out

I’m waiting for the price to continue moving in this directional bias

I should see a bullish spike on the current small candle before 10:05 on the M15 timeframe.

Results

Price has mitigated the M15 bearish FVG. I’ll let the price play out for now… I’ll pull up the charts again in 3hrs

Boom500 Buy Signal

It’s currently 18:01and I Just placed my trades according the bullish FVG on the M15 timeframe and my template giving out a buy signal. Price hasn’t satisfied the directional bias as yet. It’s still ranging around the bullish FVG. See the chart below.

I opened 20 positions with 0.20 lot size. I did this so that I can fill the Imbalance with my orders and instead of opening 2 positions with lot size 1 and accrue a lot of losses from one specific level, it’s better to open my trades with the amount of positions that are still equivalent to lot size 2 in total.

Price has trade past the Imbalance it is currently trading in the middle of an M30 bullish order block. Price still hasn’t satisfied the buy signal that my template took out after I identified a Fair Value Gap. Conclusion, I’m still holding.

However, some of my opened orders are closed and will continue closing if price continues to fall.

I also see an M5 Timeframe bearish FVG that I missed. That’s the FVG that drove price down this hard and at that time, there’s another M1 bullish Order block that I identified.

This means that the bullish Order Block and the bullish FVG were invalid in this case. When price mitigated the bullish FVG, it went up a bit and mitigated the M15 bearish FVG then went down from there. I think that it’s headed for the Order block identified around the 4785.510 price level.

But I seriously didn’t think that price would fall that hard after mitigating the bearish M15 FVG because price didn’t fall

Price kept on closing more positions in my account which decreased my balance as a result

As price kept on falling to the point where it left my account at an initial balance of $5 from $113, I ended up analyzing for more reasons that wouldve drove the price that low without trading higher as a results of mitigating the FVG identified and the Order block. Price was actually looking to mitigate the support level, make a 123 touch on the downside before trading higher to the bearish OB identified on the H1 timeframe.

The reason why the bearish FVG was invalid was because it had no other bullish order block or FVG that would make a price continuation. And price had already created a 123 touch on the downside.

28 December 2023

I see that yesterday my template gave out a sell signal which didn’t go to that directional bias because price was trading at a support level/ bullish FVG on the H1 timeframe and M30 timeframe. As price made a turning point there and created a small bullish range, price created an imbalance through that range, came back to mitigate that bullish fvg/imbalance and now I’m currently waiting for price to start moving towards the upside because I’m anticipating for price to go and mitigate a bearish FVG that I identified on the M30 timeframe.

I placed another buy limit order @5909. 7467 price level because it is the level where the H1 BULLISH FVG is found. It is also a place where an M30 bullish FVG is found and is linked to an M15 OB. therefore I’m going to hold these trades that I’ve set accordingly until they hit tp just below the M30 FVG.

Price surpassed the Order block and FVG’s, even broke the previous low that it created. The same low that respected THE M30 FVG.

I’ll come back and check the market again around 10am. The Boom500 asset hasn’t been giving me good setups that I can risk my money on.

I have identified an unmitigated bearish fvg on the M30 timeframe. I’ll wait for a buy signal and ride it to the upside just below the bearish FVG. Scratch that, I’ll come back on the charts around 10am.right now I gotta take a power nap, let the price play out and then look for opportunities once price has colled down.

I just got a buy signal before taking a nap right now. I’m entering with all I got.

A spike came out🔥. I clapped back on my losses.

Check Crash1000 around 9:25 am

Regarding Boom500, price has satisfied the 4781.778 and 4762.193 zone. I want to see what going to happen next.

I’ll be back again at 9:25 am

It’s 11:13 and I just recieved a buy signal. I placed my buy trades with 4 positions.

A spike just came out but it hasn’t fully satisfied the directional bias as price hasn’t went over the orders.

Price took out another small spike and went a bit over my orders so I closed my trades.

Looks like I’m going to accrue losses here because I bought price at a resistance level doing so via the buy signal I got.

Although I sold on a resistance level, price an M30 BEARISH FVG slightly above where I placed my tp level and price hasn’t mitigated that FVG. Some of my trades were closed but I kept on adding more positions to my trade. Price just took out a massive spike.

I closed my trades with partial profits.

I’m waiting for the price to give out a sell signal for a buy signal to emerge and then place my trades via the buy directional bias.

It’s currently 17:26 and price has mitigated the bearish FVG. Price is currently bearish and what I’m waiting for is a bearish FVG either on the M30 timeframe or the M15 timeframe because since price painted a picture, it hasn’t left ANY bullish FVG’s. I’m saying this in relation to the conclusion I made that as much as price is poised to go to the upside in the bigger timeframes, I’m still expecting for price to fall to the 4260.440 zone.

Alright, price has created both bearish FVG and OB on the M15 timeframe. I just have to wait for price to come back here so that I can sell.

When I zoom out of the M15 chart, I can see that price created a series of a High , a lower High, and another lower high which I take as an indication that price is going to the downside. I’m going to place my sell trades as soon as I get my sell setup, hold until the 4750.306 price level because price still needs to trade through that level.

It’s 18:20 right now and price just gave me a sell confirmation for the bearish FVG that the price mitigated. Price created an Order Block and a FVG with the bearish candles that it created. Therefore, I have placed my sell limit orders around the FVG zone. I’m just waiting for price to trade back to that area an trigger my orders.

FVG’s and Order Blocks are confirmations for directional biases.

As I scalp throughout the picture that price is painting…

My template just gave out a sell signal after a buy signal and the buy signal did not take out a spike as yet. Each and everytime when this happens the price eventually takes out a couple of spikes that satisfy the directional bias of the buy signal given by the template.

That’s the reason why I’m holding the trades that I already opened. Results are loading

First spike is out but it hasn’t satisfied the whole direction, therefore I’m holding.

Just recieved another buy signal

Before…

After

On the M15 timeframe, price has created an inverse head n shoulders. I think that’s the bullish setup that’s going to take us to the bearish FVG found around the 4820.630 price level and the 4829.166 price level.

It’s currently 11:44 pm and price did go towards the bearish FVG and mitigated it. The inverse head and shoulders did take the price there after all. My question is that since well price mitigated this bearish FVG in the M15 timeframe, are we going to see price creating a confirmation of this sell directional bias on the M15 timeframe or is price going to continue trading higher somehow?

Another one of my thoughts is that the price is likely to go to the downside because the bullish range that the price created on its way to mitigate this bearish FVG did not leave an imbalance however it did leave a low that we can treat as a sell side liquidity. Wait for a sell confirmation for me to take sell trades.

I’ll let the market breath for 3hrs and then see what price is telling me.

Trading also taught me to adapt to what the price throws at me because days are different therefore I have to adapt, adjust and endure. He who holds until the end shall be rewarded.

27 December 2023

Boom500 asset

Price broke the previous high on the weekly timeframe. On the daily timeframe I can see that yesterday’s candle was the one that broke the previous high on the weekly but left a long wick and came down. Today’s candle was also bullish but it’s currently liquidating and leaving a wick. On the H4 timeframe the price created 2 highs; one higher high and another lower high which is the result of the daily candle liquidating currently.

Price took out a buy signal after a bullish FVG and a bearish FVG were mitigated. Because of this buy signal that I got, I’m treating the area that price is currently trading at as a bullish OB. This means that I’m anticipating that the price might go higher.

A valid sell signal just came out after I recieved a valid buy signal that did not take out a spike. I’m holding this buy directional bias.

Let’s see if price will break the lower high that it created. If price breaks the lower high, I’m exiting my trades, if it doesn’t then a spike will come out.

Well, a small spike just came out. It wasn’t big enough to give out another buy signal. I would be closing but I really want to see if the price would break the higher low that it created…. Aaaand the price took out a big spike. As a result, price took out another buy signal. I’m entering with more buys…. Aaaand another spike came out.

Price shows a bullish Order Block on the M30 timeframe but shows a bullish FVG in the M15 timeframe.

Just received another buy signal

Price took out a small spike a couple of seconds after I entered the trade. I held the directional bias but price kept on trading lower and I decided to close.

Another signal came out but this time it was from a different asset. It was from the Crash1000 asset. It gave out a valid sell signal. I placed the sell trade and it was successful. However as soon as I exited the trade, price continued to fall and as a result, it took out a very long bearish spike.

26 December 2023

It’s currently 19:40 and I saw how price reacted at the level I highlighted as an H4 FVG but the only problem with this FVG is that price created a lot of bullish candles and wicks.
I just learnt something new.
When I see a series of bullish candles but the bullish candles have some dojie’s, some wicks of which doesn’t make a valid imbalance(FVG); I ought to treat it as ‘price hunting liquidity.
This is because price did not respect the level I highlighted as a FVG of which I agree that it’s not a FVG, therefore price broke the low it created and with that bearish range, price then created a valid FVG.

More important notes on my assets

Boom500
When I get a sell signal and there are too many highs and lows, take buy signals only.

When I get a buy signal, buy immediately after confirmation candle. Buy with the smallest lot size and scale down your entries as price continues to fall.

Capitalize more on sell trades(ticks).

Crash1000
Capitalize more on the buys(ticks).
We use the same principles of entry and exit points that we use on Boom500.
Do my analysis first in order to prepare for my trading day and then adjust according to what price is doing. Do not buy at resistance/ bearish FVG/ bearish OB and do not sell at support/bullish FVG/ bullish OB.

I have to prepare for my trading day via the top down analysis. Only then will I start focusing on the M1 timeframe regarding executions but always taking note of FVG’s, OB’s, BOS, CHOCH.
All these things determine where the price is and where it’s likely to go next but even more so, it will determine whether or not a signal is valid taking into account that a signal and the direction of FVG, OB, etc are corresponding.

I can hold the trades that I place via FVG’s and then scalp all the way to my tp using my template.
There will be days where I’ll be using FVG’s and not use my template for me to just place, hold, and go out. I’ll check on the price throughout my day.

The only difference between the 2 is that with Boom500 I have to confirm the signal with 2 vertical lines but with the Crash1000 asset class I can just place trades as soon as I get a signal.

A swing sniper entry that I can catch on the Boom500 asset class is a bullish directional bias. With a sell directional bias I can catch a sniper on a swing bearish directional bias but it won’t be as accurate because I’ll be placing entries inside of a FVG/OB. I’ll be placing 2 max positions with the smallest lot size for me to be able to hold the running losses.

It’s Vice Versa for Crash1000
A swing Sniper entry that I can catch on the Crash1000 asset class is a bearish directional bias. With a buy directional bias I can also catch a swing sniper trade but it won’t be as accurate because I’ll be placing entries inside of a FVG/OB. I’ll be placing 2 max positions with the smallest lot size for me to be able to hold the running losses.

21 December 2023

Trading week’s lesson.

FVGs and OBs showing where the price is likely to go. Remember not to buy at a bearish Fair Value Gap and don’t sell where there is a bullish FVG even when my template takes out a signal contrary to the direction of the FVG.
Same applies for OB’s.
Only take signals that share the same directional bias with FVG’s when price is trading next to the FVG’s or OB’s.

20 December 2023 Trading Journal

It’s 06:05 and currently on the H4 timeframe, I see that as price created a low, higher low and a continuation of a downthrust; price left an imbalance as a result of a downthrust continuation. That imbalance is being identified as a FVG. I placed my sell limit on the high of the bearish 3rd candle and tp at the previous swing point(low) of the previous H4 uptrend. There might be a possibility that price might trade towards the 4758.414 price level but because of the FVG identified, I’m holding my position.

More updates loading

Right now it’s 07:50

Time to hold, wait and see results. By the way, this trade was placed using other methodologies excluding my trading template. More updates loading…

Second sell position placed followed by a downthrust. More updates loading…

I closed the sell trades because I thought that price would push further more to the upside before eventually falling but as I opened the H1 and H4 timeframe I see this beautiful bearish candle and I entered with one sell trade according to the valid sell signal I got from the template. And mind you, it’s the same place where I placed my first sell.

I am holding that sell until the 4522.860 price level because I believe that there’s a lot of liquidity that needs to be collected by the proce for it to get enough juice to go to the upside.

As soon as price hits my tp, it’s going to be headed for the buy zone that I identified on the above journals.

I’m taking what I think is a silly risk but I’m going to trust my intuition here.

Price created an H1 FVG and the price is currently trading at that level. My take is that price might create a short term buy before finding a level to make a turning point to the downside. Price took out a spike inside of that FVG where we find an M15 bullish Order Block.

The FVG is identified in the H1 timeframe whilst the OB is found on the M30 timeframe.

Price stopped me out before it could go to my directional bias.

Not having enough capital to hold a trade will leave you out of the game. Capital is our boss in this industry.

19 December 2023 Trading Journal

A very goodmorning. It’s 8:30 am and my template just gave out a valid sell signal with regards to Boom500. It’s going to be a clean downfall. There aren’t any previous relevant swing points other than a low found around the 4705.558 price level.

I placed sell positions and will take partial profits before the price reaches the low.

Running losses. There were no previous swing points so price might still fall down to the above mentioned level or continue going to the upside because I might have sold at an area where it’s predestined to make a turning point

Before I recieved this sell signal, price took out a buy signal which took out a spike and satisfied that signals directional bias. A sell signal that I after the buy signal was valid because it was confirmed by my confirmation indicators. Price only went down for some time but eventually took out more spikes pushing price to the upside against my directional bias. I’m still making my investigation as to what might have caused the price to make a turning point at the 4712.328 level without satisfying the sell signal.

Sell was unsatisfied because of the daily FVG that I missed. It threw me off because there were a lot of bullish candles of which some of them are in a doji form of candlesticks and I didn’t know which candles to use for FVG. This means that on a bullish FVG, do not place any sell trades, we look for buy opportunities only. On a bearish FVG we do not look for buying opportunities but rather selling opportunities. Now because I failed to identify the FVG I paid $50 for failing to do so.

I just opened up the charts right now at 19:55 to check how price has been moving and to go back to the unsatisfied sell I experienced earlier today. I also realize that I missed the double top that price made along with the left shoulder. Price was actually making an inverse H&S and where the template took out a valid sell signal is where price was creating a right shoulder. The price did fall with a few candles as the signal came out but because price was trading at the swing low that created a left shoulder, price made a turning point there. This shows that before a trade is to be placed, we need to consider a lot of things. Therefore it is crucial to prepare for the trading session that you ought to have in advance and then adjust as price unfolds.

When taking buy trades, I’m going to use the smallest lot size because sometimes price paints out a lot of candles/falls for a long period of time before going to my directional bias. Therefore, with a smallest lot size, I’ll be able to hold my trades and at the same time scale in as price continues to fall. When it falls for a long duration of time it gives me an opportunity to place more trades, placing me in a position of not breaking even but accruing profits accordingly.

Basically this template that I use works hand in hand with other methodologies like technical analysis, Smc, etc. All this knowledge coexist in the market because market movement isn’t derived from one specific thing only. E.g; when price created a retest and I get a buy signal from the template, do not take that buy because price is likely to sell, therefore wait for that sell.

I just did a top down analysis to get an overall view of what price intends to do next. I see that in the daily timeframe, price created an inverse H&S pattern but now 50% of the left shoulder price made it’s turning point. I’m also expecting price to make a turning point 50% of the right shoulders strong bullish movement. Price is currently bearish therefore I would like to see it trading into the 4445.00 & 4193.00 zone. That zone is what I labeled as a buy zone that I think will serve as a continuation of the overall bullish movement inspired by the Daily, Weekly, and Monthly inverse H&S pattern. I’m placing my buy limit orders inside of this zone.

18 December 2023 Trading Journal

What a dramatic night I had on Sunday trading Boom500 after church 😂😂😂hehehhee!

Kept on adding balance on my account for me to hold the running trades that are in losses so that I don’t get taken out of the game😂🤞. Long as the template gave me a confirmed buy, I don’t care how long it sells for, I know when it comes back it’s coming back heavy.

Price just took out a sell signal and I sold with the smallest lot size using 4 positions. This sell signal was risky because I’m selling on an uptrending market in all timeframes.

That is why exactly 1minute after I sold, price took out a spike. I made a $1 loss. I’m placing more sell trades but this time wihh a 1lot size using 2 trades because I just got another sell signal.

The reason why I’m choosing to sell is because although the spike came out after the first signal was given, price respects the first signals short term directional bias.,just as it did a lot of times in the past.

Opened 2 trades with lot size 1.00. I get $6 @take profit level.

Price took out a spike before hitting my tp🥵🥵

Lesson, place tp of a sell trade at the last bearish candle before the low because sometimes it doesn’t turn at the low but turn slightly before it. Especially in an uptrend. If it’s an uptrend then place tp at the 2nd last candle.

After price took out a spike it took out a buy signal. I placed 4 buy trades with 0.20 lot size. I’m holding until price hits tp or I’ll close with partial profits.

I slept around 3am, I just couldn’t take it🥵🤞I had a long day. I just woke up now and yeah, I’m waiting for a buy signal.

Otherwise, the last two trades before the one that’s about to be given were trades I could’ve ate from. The buy signal had 3 spikes but I held I think I would waited for 2 small candles for me to be satisfied with the fact that I’m holding a buy trade, otherwise I would’ve closed with the first one and the sell signal provided 13 candles for me to eat.

Price is currently trading at an M30 IFVG. It touch this level the first time byaking a turning point exactly on the low of the first bearish candle. Price went up and came back down again to trade inside of this M30 FVG.

I placed one 0.20 buy position because I’m also expecting a buy signal on the M1 timeframe… A spike just came out as I am typing this…

Was waiting for a buy continuation but the price kept on falling down back down.

Price just gave out a signal. I won’t be placing any trades because price is currently trading at a previous relevant high point with a confirmation candle and at the same time, it’s next to a low. If I open using a big lot size and prize happens to take out a spike then I’d be in trouble. Below is a picture showing the high and low respectively.

Now because the template took out a sell signal and price decided to trade towards the highlighted low, I was waiting for a buy signal. Price didn’t even have to mitigate the low in order for it to take out a spike.

I’m scaling in my buy trades as price falls.

A spike came out, and….

I just closed my buy trades with losses because price is about to give me a sell signal, there I’m not holding the trades. Another reason for closing is that price had already taken out a spike after the buy signal which satisfied all positions. Hence there is a high probability that the sell signal will likely reach the other low. As I am typing this, a spike just came out again before price confirmed the sell signal. Therefore the sell signal is invalid without confirmation. Price just took out another small bullish spike. This spike serves as a bullish confirmation. I’m scaling in my entries as price starts to fall.

I have a bit of a tough one here. My template gave out a sell signal and as it did that, price took out a spike immediately after confirming the sell signal. That spike was followed by a buy signal which was also confirmed. It a spike never came out. The template then went ahead to send another sell signal. This might be because the first signal that was confirmed was a sell signal. Now because I haven’t figured out the quality of this trade and it’s probable outcome, I’m staying out of this one.

I have to check on which other instance did the price behave like this in the past.

What I didn’t notice about the above mentioned price behavior is that the signal came out when price was trading at a low and we do know that lows and previous swing highs are relevant points that I have to take note of when I’m looking to sell. After the spike came out and my template gave me a buy signal, it only took out a small spike which didn’t satisfy the entire bullish sentiment and the price kept on falling. What I’m looking for is a buy opportunity to ride the wave surpassing the high that the template took out a signal at.

Ohkayy, I have to attend to some other things for the rest of the day.

Alright I’m back now and can continue doing my thing.

Today price has been moving in an odd manner resulting in my template to give me signals at lows that I would use as tp level. Personally I wouldn’t consider placing my entries next to swing points I use as tp levels because price can paint some spikes and as a result leave you to blowing your account. When the price is like this, it’s better to only take buying opportunities but it’s not safe. I’d rather trade quality over a large quantity of trades that are not worth taking the risk.

More updates loading…

16 December 2023

It’s 00:05 midnight and I’m already on the charts, why? Bcoz honestly I didn’t have any sleep, I’m done writing my thoughts and ideas down and thought oh well… I might as well check the charts. So I’m waiting for a sell signal.

Signal came now @@01:00am trades take and to hit. It was a quick one

Spike came out a few seconds after closing. First trade out the day was a success. 9more to go…

Today I’m not looking to trade for the whole day. I’m going to close my MT5 platform as soon as I need to go somewhere today. We’ll run it up on Monday. Today I’m just taking small crumbs.

Just received a valid buy signal. Spike caught 🔥.

Now I’m waiting for the 3rd trade of the day; sell signal.

The template just gave me another valid sell signal. I’m placing my buy trades.

Tp hit

Waiting for a buy signal…

I think regarding the Crash1000 and Boom500 asset class, I have come to a conclusion as to which asset class I’m going to focus on and that’s Boom500. This is because every sell that I get from this template doesn’t waste any time, it puts you into profits straight away. Even if the price takes out a spike after confirming a sell signal, it still comes back. The ability to grow significantly is very high with this Asset class as opposed to the Crash1000 asset class.

So I’ve decided. I’m no more trading Crash1000. I’ll only be focusing on 1 chart being Boom500.

Buy signal came in and was chopped real quickly. It happened so fast that I didn’t have enough time to post an update on it.

Mind you, at this point I had placed 4 trades and daily goal is $50 but I’m already at $30 and it’s 2am. Normally I’d take 10trades before getting here. Dilo di changitse. I think I have to adjust my goals based on the amount of trades I take per day(10 trades maximum) and just trade in a disciplined manner.

Now I’m waiting for a sell signal going for the 5th trade for the day.

On second thought, I have to get some rest so i’ll open my MT5 platform around 9am. If I would have not uploaded an updated journal then it means I ended up somewhere.

Aaaaaaaaaaaaaaaand I’m up again. Just got a sell signal right now and I entered with lot size 4 and even placed my tp very closed because I got the signal next to a low and that’s a dangerous place to wanna leave your trades running still.

Not gonna lie, Boom500 has been amazing but I miss Crash1000😭. That toxic ex…

Just got a buy signal from my template. I’m using bigger lot sizes next time😂😂. Otherwise I chopped it man.

My template just gave out a valid buy signal. I placed 3 lot size 1 trades.
My template just gave out another opposite signal(sell) but hasn’t moved in the direction of the first signal. I’m holding my buy trades.
I just transferred $50 from my profile for me to be able to hold the running losses.

A 2nd buy signal just came out and it’s a confirmed signal. Click the link to watch full video of my trade. Link: https://youtu.be/OdtkfPxB1Lo?si=AotxG7usu354ePi7

I just received a valid sell signal. I documented the trade but can’t upload it here because uploading a video that’s more than 5minutes requires a paid plan. Click (the link) to the video.

Final outcome, $20 loss from profits made today. Frankly, I’m far from making any losses today😂. It was a tug of war.

Just received a valid sell signal.

Tp hit

Transfered $100 into my profile and I’m pushing with $29

Just recieved another sell signal. Made a loss due to not exiting at my low. Price took out a spike after the low.

Recieved buy signals immediately after closing my losses.

I recieved a valid buy signal but price took out a small spike. I held the trades hoping that the price would take out more spikes but that wasn’t the case. I held the trades even when the price took out a sell signal after that small spike. I was punished for that bad judgement and as a result I accrued losses.

Lesson: When I get a signal and a small spike comes out, hold that buy only until I get a comfirmed opposite signal. That would mean that the buy signal I got was satisfied by the small spike.

It turns out that I have to go out with my family. I’ll open up the charts again on Monday.

I took some trades earlier before going out with my family. The trades were based on the template that I use. I managed to clap back on the losses I made and I hit my target for the day which is $50. I’ll start working from Monday 18th of December 2023.

It’s 7:30pm and I got a valid sell signal.
I placed 8 entries with 1.00

15 December 2023 Trading Journal

It is currently 4:08 and I am up again. More posts that ought to be made will automatically update this blog post.

Waiting for a sell signal on boom. It won’t be long until I recieve that.

I see that Crash1000 is also starting to fall, I just hope I’ll be able to execute some trades on this Asset class

Boom500 (sell biased)

Just received a sell signal and it’s been confirmed. $1 by the time price hits tp.

Boom500 (buy biased)

A buy signal just came out and it’s confirmed. I opened 1 position with 0.40 lot size.

Although, I just received another sell signal but as long as the 1st signal was confirmed I’m holding. Results loading Below.

The opposite signal that came out also just got confirmed. Now when this happened yesterday and the day before, price went in favor of the 1st confirmed direction. I’ll decide whether I’ll hold or close my trades in a few…

Price just took out a spike and another bullish signal which is also a valid signal, therefore I’m holding my positions until further notice.

Another sell signal just came out 3minutes after the 2nd buy got confirmed but never spiked.

Sell signal just got confirmed. I’m going to treat it how I treated the first trade I opened, until further notice.

Guess what😭 I exited my trades too early

Another buy signal just came out but it didn’t take out a spike. My template gave out a sell signal 5min after that and this sell signal is also a valid signal. I would enter with buy trades but I’ll just wait this one one and see how it pans out.

I do not want to be put in deep losses however I still think it could take out a bullish spike/go to the upside.

Just the reason why I chose to sit this one out. Price has been falling down for 12 minutes and then just took out a doji kind of bullish candle which fulfills the buy signal that we got before this bearish range.

I’m looking for a buying opportunity from here. How this system works is simple. After getting a buy signal it’s going to give out a sell signal and after a sell signal it take out a buy signal. I just have to do my deep work and check if the signals are valid or not and take it from there.

Just got another valid buy signal but price never took out a spike. My template gave out a valid signal 6minutes after the buy signal. Now this is the 3rd sell signal that we get shortly after the template gives out a buy signal. Normally it doesn’t take long for the price to go to the upside and trade higher for a couple of minutes but because this market is bearish on the M1 timeframe in a way that price has created a retest of the H1 channel it broke out of and it’s still in that retest position. We can see based on the pictures provided below that price broke out of the channel. The H4 shows this clearly whilst the H1 and other lower timeframes show a retest pattern movement.

Boom500 (buy biased)

The M5 Timeframe just gave me a valid sell signal whilst the M1 timeframe is also still bearish. I entered my trades with 4 positions, 0.40 lot size. Although I don’t use the M5 Timeframe so much, I understand the bearish sentiment that we have currently so yes, it’s something I can risk my money on.

Closed my trades with partial profits. I have to close my sells with partial profits because of the buy signals the template gave but price didn’t respect because of the trend. Anything could happen therefore it is important that I take partial profits.

Crash1000 (Buy Biased)

My template just gave me a valid buy signal confirmed by my signal confirmations. I opened 3 positions, 0.20 lot size and placed my tp @ the highest high of the downtrending range.

I also see that price mitigated a 15minute timeframe bullish Order Block when I look at a clean chart.

I took partial profits.

Time for my morning jog, I’ll be back in 2hrs tops.

Hello… I come back👋😁
Just had a fruitful morning workout session
Mind is fresh and I’m ready to eat more pips.
As I analyze what price has been doing, I see that my Boom500 template took out 2 signals, a buy and a sell signal. The last signal we got is a buy so I’m expecting to see a sell signal after this.

Regarding Crash1000, we had another buy signal that was given by the template I use for Crash1000. It’s in no position to give out any signal right now.

Boom500 (Sell Biased)

My template just gave out a sell signal.

Tp hit

The template just gave me a valid buy signal on the M1 timeframe. I placed a buy trade, 0.20 lot size.

Closed partial profits

Boom500 (Sell Biased)

I just missed a buy opportunity. I was making a change of venue. However, I just got a sell signal from my template and this sell signal will be a quick in and out because I got the signal next to a low that has not been mitigated and we do know that price tends to make a turning point on swing lows.

Exactly 3minutes after I closed my tp a spike came out. See the chart below.

My template just gave me a buy signal on Boom500 and I’m entering with atleast 4 positions of 0.20 lot size.

Price just took out a valid sell signal. I placed one 1.00 lot size of a sell directional bias whilst I held the buys I opened because price hadn’t taken out any bullish spike as yet. Whilst holding the buy positions was a good judgement, the sell trade I opened did not go as anticipated. I was hoping that the price would hit tp before taking out a spike. But because this wasn’t a normal sell opportunity, price can turn at any point as opposed to normal circumstances where it would take out a spike after reaching a swing low.

My template just gave me a valid sell signal. I opened 3 positions with lot size 1.00. See the chart below.

It’s the first half of the day and I made half of my daily target($50 per day). Growing a small account needs one to be disciplined in the way they trade. I’m greatful that it’s finally paying off. Below is the amount of profits I made today already in dollars.

Not me missing this beautiful wave to the upside😭😭😭😭

I missed this opportunity because I was actually waiting for my template to confirm the buy opportunity. Immediately after the price confirmed, it didn’t hesitate for any second longer. It just took out a really nasty spike. This was going to be a trade that closed the day for me but I guess I’m still online😂🤷‍♂️.

Boom500 Sell biased

My template just gave out a valid sell signal confirmed by my indicators. I opened 4 positions and expect $3 per trade taking into account that I used 1.00 lot size.

Took partial profits.

Risk management
Remember I mentioned that sometimes when the template gives out a valid signal, the price trades against your directional bias till it eventually gives out a 2nd signal contrary to the one received first. I did mention that I have to hold positions opened based off the first signal but now as my account grows I have to use adjust my volume based on buy and sell trades because they are to be treated differently in terms of risk management.
I mustn’t use lot size 1.00 when placing buy trades but rather I ought to use lot size 0.20 because I wouldn’t know how long I would hold the running trades.
With sell opportunities it’s different because it doesn’t take price more than a minute to place my account in profits.
So lot size 1 will only be used when executing sell opportunities. The amount of positions I ought to open will be determined by my account size.

Boom500 (buy biased)

The template gave out an invalid sell signal then gave out a valid buy signal. I entered my buy trades and as I held the trades, the template gave out another invalid sell signal and immediately the price took out a spike.

$3 to go until I can hit my target for the day and relax…

I think I’ll just leave it there for today. Besides, I worked 4am to 4pm today. I’ll open the charts again tomorrow at 4am. Job well done.

14 December 2023 Trading Journal

Boom500(sell biased)

Boom500 template is giving out a sell signal. I’m waiting for the candle to close, create a 2nd candle and let that one also close to confirm that it’s really a sell signal.
Signal confirmed.
I took 2 sell trades and placed my tp @ the 4616.796 price level

I decided to take partial profits and closed my trades halfway of the full range.

Trade successfull, small profits secured.

Average signals we can get on Boom500 is 5.
Average signals we can get on Crash1000 is 5.
So that’s an average of 10trades per day.
So far with Boom 500 I got 2 signals already. Made a loss on 1 and closed another with partial profits.
Waiting for more signals from my template

Crash 1000(sell biased)

My template is giving me a sell signal and confirmation indicators are compressing meaning that the signal is valid.
I’m going to place 3 trade maximum on this one with the smallest lot size.
However, should my confirmation indicators start to expand, it would mean that it’s a change of character therefore, close my sell trades and look for buying opportunities.

This is the first signal of the day on this Asset class and as I’m monitoring the price move, it’s continuing to trade to the upside, contrary to my directional bias and when this happens and the price eventually takes out a spike, it either breaks even, it may slide down and put you profits or a small spike might come out and make a continuation of the opposite direction leaving you in losses as a result.

How I determine on whether or not I close my opened positions is if my confirmation indicators start to expand/open up.

I just got a spike, triggered one of my orders but didn’t put my positions in profit, as stated above. I just closed my trades.

This loss took me a step back but now I’m coming back harder. Just switched from the M5 to the M1 timeframe and I only have 4 words for what I see : It’s level up season🔥

On the M5 Timeframe, the signals I get are a bit too late for me to be able to atleast make $3 per position but on the M1 timeframe it won’t be hard for me to achieve that. This means I’ve been limiting myself 🥵. What I see on the M1 timeframe is crazy😂.

This just changed how I execute my trades and like I said, the ability that the M1 timeframe is giving me to enter early and hold my trades just makes me happy. I’ll use the M5 Timeframe to place my tp based on swing highs and lows.

I just got a sell signal on the M1 timeframe, opened 4 positions. I modified my tp to my last swing low.

Tp hit

Look at how price took out a spike below after tp was hit.. Now I just got a buy signal and I’ve entered.

After getting the buy signal a sell signal also came but because the first signal was confirmed, I held and price took out a small bullish spike. I exited my trades after making small losses because I held the trades thinking maybe another spike would come out but didn’t. The price took out a spike after I closed my positions.

Another Boom500 sell signal came out on the M5 Timeframe, a bullish spike came out and changed the whole direction

When I place my trades based on the M1 timeframe and I hit my tp, try to catch the M5 signal confirmation for a Re-entry.

Another Crash1000 sell signal

I just placed sell trades on crash 1000,4 positions, each having the potential to give out $1.

This is where I closed my positions because of the low found around that area

The low that made me exit is found at the 4624.906 price level on the M1 timeframe.

Each time after hitting my tp I’m exiting my trades even though price continues to go to my direction.

Another Boom Sell Signal

Entered with 2 positions, used 0.60 lot sizes on 2 positions. Price took out a spike after that signal to go and mitigate a sell side liquidity. Each trade ought to make $4 which is pretty good if you ask me.

Take Profit level hit.

Another Boom Sell signal.

I placed 8 positions with a 0.20 lot size

Take Profit level hit, profits secured.

Meanwhile on the Crash1000 asset class, my template has been giving out signals but my confirmation indicators have not been giving out any confirmations on the signals. That makes me sad but I understand that it’s unlikely for one to catch winning trades everyday. However, I’ll keep on monitoring the Crash1000 chart.

I’m calling it a day now. Today was a tug of war, a back and forth between profits and loss.
I’ll open up the charts again tomorrow at 4:05 am.

I did not hit my $50 daily target but made a a $4.19 loss.
We try again tomorrow

Testing Your Certainty

I took a look at the Boom500 asset.
1st trade of the day, 07:05, just got a sell signal and it’s confirmed.
$2 per trade and I opened 3 positions.
$6 in total @ tp.
Went for a jog…
I came back to a $12 loss.
Price shot up after I got a signal.

Lesson
If I get a signal and it doesn’t get confirmed but another opposite signal arises and it gets confirmed, it means there is a chance that the same signal that wasn’t confirmed would appear again during the confirmed signal. I’m going to call this the disruptor of signals.
I experienced the same thing yesterday. This is a condition where I don’t place trades but rather wait for the unconfirmed signal to appear again and once that is confirmed, I’ll ride the wave.

Someone might ask a question like, ‘if you do learn these things from accruing losses, why don’t you do so with a demo account as opposed to a real account?’
Well my answer to that is that with a demo account you won’t pay attention to what you’re doing… It’s highly unlikely that you would even be able to spot these things as they come into play. Remember that people pay attention to what they pay for. So I get educated about what I don’t know and I get reminded about what I didn’t take note of and a result of that is accruing losses.

I would’ve been able to counter my losses with the opposite signal that came into play but I was out for a jog and on top of that I didn’t place a sl order

About Everything Trading Website

Welcome to MCJ’s online trading Journal brought to you by MCJ (‘MY Caliber Journey’ on YouTube) .

This is where I’ll be uploading my daily live trades and journals. The assets that I focus on are Boom500 and Crash1000 found in the broker :(Binary.com /Deriv)

I was on a journey of growing my small account of $30, trying to take it to a $1000 initial balance account but it’s been a tug of war and the end result left me with a conclusion that I have to fund my account with an initial balance of R5 000 in order for me to start pushing myself to generating R10 000 per day, 6 days per week.

In the past, I’ve used the very same template that I’m planning to use in order to achieve the above targets set and that template was able to help me generate $170 from a mere $11 deposit and did that in 2 days. However, I accrued losses along the way but still was able to preserve my capital and in the process of acquiring the losses. I’ve learnt a lot and look forward to sharing that on this platform going forward. With that being said, enjoy the trades that I have taken in the previous year having used the template that helps me with my trading edge… ENJOY! 😊🤸

Starting the $30 challenge:

Today so far(14 December 2023) I deposited $30 and made a $12 loss due to leaving my opened positions unattended.
My trading account is currently at $18.16 therefore I have a lot of work to do today for me to catchup and hit my targets.

I’m currently waiting for a signal from my templates, stay tuned for more updates.

I started my journey on this day( 14th of December 2023) and I’ll be trading throughout the month of December but not on the following days:
16th of December 2023, 25th of December 2023 and the 31st of December 2023

Daily target is $50.
Weekly target is $250 to $300.
Monthly target is $1200.

This website is not for financial advisory
I’m just sharing my knowledge based on how I view the Forex Market and I share my own trading journey and experiences for free.

Liquidity Pool

I’m grateful to be able to drop these nuggets for you guys.
Today we’ll be talking about 1 of the factors that hamper with the growth of a trading account.

So this is a typical trading scenario, right.
let’s just imagine that you don’t have anything that generates you income.
Let’s just say the money you used to fund your account comes from either your parents, friends or your savings.
You don’t have anything that generates you income pm consistently; other than forex trading.(basically forex trading is what you’re making making with).

What would normally happen is that
You place a trade, you make profits, you withdraw the profits, transfer them in your savings account and you leave the initial balance in the trading account and you continue to do that for the whole month right.
That’s good.
But now on the following month; when you experience a losing streak and you blow your accounts; because you don’t have anything generating income for you – you go back to that savings account that you put your profits in and you take some of that money to fund your account.When you blow you do that again; and again and again. After some time you then realize that the money in your account has decreased and the worst case scenario is that it if you’re having 2 months of losing streak you’re going to wipe out your money.
If you continue to fund your account with the little money that you get here and there; this will continue to happen to you because trading is a high risk or rather an aggressive type of investment you can make as a person.

What you have to do to prevent this is this:
Have a segregated bank account or rather separate bank account from your main one.
Use that account to store your trading profits.
You must not touch that account.
Everytime when you trade and make profits; you have to transfere those profits into that account.
When it happens that you blow your trading account, you don’t go back to that account.
If you don’t have any other thing that generates income for you apart from forex trading; my suggestion is that you have to start working towards making money.Find something else that makes you money consistently so that you can continue funding your account whenever you see an opportunity in the market and when you blow your account; you don’t go back to that account that holds your savings.You rather wait for month end and fund your account with that income that you make every month.

This way you are able to track your progress and experience your account growth without even touching those profits you made and using them to re-fund your trading account.
So I want you to take this note right here; Trading profits are not only for reinvestment but both reinvestment and trading/capital growth.

I know a lot of people are familiar with the concept of re-investing your money; but remember, Forex trading is a different ball game – you won’t win if you keep on re-investing your profits into your trading account because what generally happens is that as you re-invest into your trading account and it happens that you have a losing streak; you’re going to fund your account again and keep on giving that money away.
So.Basically what you’re doing is taking 1step forward and two steps back. Life is always a measure of something so you have to calculate your way out of something and into something.

My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.

This broker also has flexible leverage depending on your trading trajectory.

To open an account: https://portal.rcgmarkets.com/register?ibid=852167

Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.

https://ability.capital?ref=motlotlgimoerane

That’s it from me in this blog
You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

The Med

Why you are likely going to hear the word meditation on your socials.

Goodday traders.I hope you guys are well and ready to hear what I have for you today.

This is often communicated but not educated.Read that again…

One of the reasons why you ought to procrastinate on your schedules and plans is the outcome of …
Don’t worry just stick with me as I take you through it.

Our progress sometimes comes from the things that we learn and think about.Say for (e.g)let’s say that you just heard a song of a person talking about their trip to a fascinating place.
What you ought to do is that you are going to fantasize what’s being said in the song and that imagery will keep on playing on and on and on at certain times in your day/week/month.Now,I’m not debating against the point of listening to music because I for one believe that music helps us pass through certain particular times right,but with that being said…if you give most things that are out of your plans and schedules your attention and always turn to things that help you pass time,your success rate will most likely not even improve but drop.
This is because your mind is now playing these imagery’s of what you heard and experience constantly that your mind doesn’t even have enough space left to store more lucrative information because you are not allowing yourself to.This is my explanation of the analogy,”Your mind is like a computer”.

How you can clean your “Hard-drive” is by meditating and emptying your mind.
Start learning some high income skills and think of them.Have a sort of interest in what you do.
This will ultimately enable you to come up with questions that need you to work for the answers.

Meditation in my own words and plain thought is the process of making time to focus on your different aspects of health.It can be Mental,Physical(energy flowing through your body) and spiritual health.
That’s basically the long and short of it.

Start prioritizing
Start having boundaries
Don’t procrastinate any further…Just start,protect your Hard-drive from viruses(things that waste your time,energy and focus) and start installing growth in your system.

My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.

This broker also has flexible leverage depending on your trading trajectory.

To open an account: https://portal.rcgmarkets.com/register?ibid=852167

Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.

Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.

https://ability.capital?ref=motlotlgimoerane

That’s it from me on this blog. You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Respect your risk

Goodday traders I hope everyone is well and has a pessimistic attitude towards their trading week.

Now I’d like for us to just zoom into this topic of risk management and why this is important.
Applying the right amount of risk towards your account size helps you stay in the game for a long time.This is one of the reasons why some traders are consistent and the reason why some others are not,taking into account that they are ignoring the fact that how you apply your risk actually is very important.

Infact,one should be very troubled about themselves when starting to max out their volumes because trading recklessly will leave you wracked.
That also starts to show you signs that you need to train yourself mentally and emotionally to get over this habit of maxing out your volumes because this will start creating a habit of you demanding things fast and/or expecting things to happen immediately.This then causes you to adopt bad behaviour.

If you read my descriptions in my YouTube channel you’ll see that I like keeping things short but precise.

YouTube Channel link:https://youtube.com/channel/UCNBOd4y5dqCwZ8foz1UBJeA

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Time!Learn!Improve!

To those of you who have been trying to improve on your trading performance please listen to me carefully.
Everything you need is basically in the market.You just have to search and find.
Don’t be looking for shortcuts to improving…it won’t work.
Now I want talk about the power of Journaling what you’re doing.
In life when you have a daily schedule of what you’re doing on a day to day basis,you probably don’t do anything that’s out of your schedule.
Why?Because it’s going to waste your time and this is where the concept “time is money” comes in.
When you noted down the things that you ought to do the following day,you often complete your tasks and reach your achievements slowly but surely and the reason as to why this road makes your car move slow is because there are mistakes that happen along the way and we learn from our mistakes as opposed to when you don’t have a schedule because most of the time you ought to be procrastinating(time consuming),playing games(time consuming),and so on.

Now why am I telling you this guys?
It’s because it also applies to a trader that doesn’t have a trading plan and a journal.
They don’t achieve their goals(in terms of tp) and they don’t improve(in terms learning from mistakes) thus leading to them being stagnant and not improve.

Now that you know the importance of a trading plan and a journal…let’s dig deeper into those 2 things shall we.

Now we’re still talking about properly improving on your trading plan without hopping from one trading plan to another like a bunny.
Sitting in front of you is ur trading platform right and you’re looking for opportunities in the market.
Start by checking your trading plan and tick off what you want to see that you have written down in ur trading plan-please highlight what I said just now.Tick off what you want to see that you have written down in your trading plan.

If majority of your items in ur plan isn’t there on the chart that you’re lookingat,don’t take that trade but if they are and depending on ur trade trigger take that trade.Now remember that you are learning and improving on ur trading plan so let’s say that you’re checking your trades every now and then and you see that it’s not going to ur directional bias and it hits ur stop loss…take note of that first loss but don’t take that time to journal.Wait for the market to see what footprints it’s trying to leave behind for you to enter the right trade and if you’re wrong again,take note of that and relax.

Now – I’m only suggesting that you take a breather on the 2nd try because on the 3rd try you’d most likely be placing late entries and it’s likey to go sideways so what do you do then?You come back later when the market is closed and check on which directional bias the market went to throughout the entire trading day and check how it behaved.

Check where you entered ur trades and how it reacted afterwards…then start ask yourself some questions as to what pushed the market to that direction…you have ur technicals and you have your fundamentals.Check the time that you placed your trades and start finding answers…another key word…time.

Write your corrections and start learning that its not about what you want to see but it’s about what the market is telling you.
Why am I saying this….remember I asked you to highlight a certain sentence saying that you must identify what you want to see happening in the market from ur trading plan,well it’s in regards to that and that’s officially ur first lesson on top of what you’ve learned today.Its not about what you want to see but what the market is telling you.

Please learn to journal what you are doing and what the market is doing.
This is from me to you and only you
Stance.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Misconception Concept

(Misconception turned into concept)

People think that trading is only about mastering your skill,getting the directional bias right,growing your account to whatever the amount you think will keep you afloat but it doesn’t start there nor does it end there.

It all starts with you mentally.
As much as there is a psychology of the market(how the market behaves and reason to those behaviours) ,you also have to get yourself in check mentally,Identify reasons as to why you’re always impatient into waiting for a structure to formulate in the market,why you sometimes hold back into placing trades that you know very well how their scenarios pan out.

Why do you have to be hard on yourself just because you’re having a losing streak.
Yes you are a winner but it doesn’t mean that you’ll always win.
Sometimes you don’t really make losses because you don’t know what you’re doing but it could be because of some internal factors that you have but haven’t noticed.
The reason as to why there are winning streaks and losing streaks is because we are all given a chance to fail at a higher level then where we were before.It’s all about learning and that for me defines the analogy that educating yourself and learning doesn’t end after Matric/Varsity.

Throughout your entire existence you are bound to learn and I conclude by saying that no matter how hard it gets for you to pull through based on whatever circumstances…Don’t give up.
My Father likes to say ,”Bophelong Hari hlulehi hobani re hluleha empa re hluleha hobani rehlulwa ke ho qala hape”
In English it goes….In life we do not taste defeat because we have been defeated and its the end of it.But,We defeat ourselves because we don’t want to start again from our defeat,you don’t give it a go again.

I’d like to also tell you some great news as part of our conclusion; There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.

Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.

https://ability.capital?ref=motlotlgimoerane

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Complimentary goods in Forex

Be a sensitive trader.
Being a sensitive trader doesn’t mean that you’re emotional.In Trading terms,when we say that you must be a sensitive trader it only means that you have to take into account the little things that you might take for granted.
This compliments what mentors always stress about or should be stressing about…”price behaviour”.
From technicals,fundamentals down to price behaviour-all these are important for they all compliment each other,just like when you mix your milk with your favorite coffee or your favorite food with your favorite sauce.
All these are complimentary goods because they will do good with you having them by your side.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

You’ve been served

Its actually hard to tell if that week you’re going to be served with 2 or 3 opportunities in the market.
You only get to realize at the end of that week that you managed to get 2 or 3 ops by looking back and backtesting your trading week,checking how many ops the market presented you with,how many did you manage to capitalize on and/or which ones took you into losses in terms of market structures/setups being invalid?

Some take losses they make throughout the Quarter straight to the heart without even backtesting to improve on their trading skill and IQ.
Making losses is a problem and let me tell you something about people who solve problems…they get rewarded for coming up with solutions so if you’re going to sulk the whole year by having a bad Quarter,you might as well leave what put you I to that position because you aren’t making means to identify the problem and come up with solutions.

In trading,the solutions that I’m talking about is you finding the right directional bias for the right market structure.If price goes to your direction,well done.You just found your solution and therefore,you will be rewarded for it.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Market Snippet

There are certain days in a week that one generates income by Scalping,there are certain weeks where one generates income by swing trading and sometimes during that week you often catch opportunities 2 or 3 times in a week by day trading.It’s different.
Your job is to adapt to the changes of the market place._Mo’Moerane.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Exclaimer

There’s not one single path when it comes to trading.
There are many different methodologies in the market that you can use.You just have to go with what works for you and stick with that.
Although,there are traders who over-value their methods of trading over any other of which will result in degrading the esteem and work of other traders in the same industry.Don’t be that guy/girl.

Do not fall for these egotistical remarks of traders saying ,”But my strategy is better than yours”.Instead,stick with what helps you grow and what generates you income.
After all the goal and objective here is to generate consistent cashflow so that you can live the life you want.Everybody has goals and we have different approaches to life and how we achieve our goals in life.
Let’s all help each other grow and not bring each other down because by the way if you didn’t know…trading is all about growth so let’s reflect that on one another.
Happy trading week.
Be profitable in every area of your life.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

The Sky is not even the limit

Opportunities in the Forex Market are endless.Now don’t confuse not being able to identify and successfully trade everyday with the term ,”Endles opportunities”

The reason why we say that there are endless opportunities is because every week of the month you get an opportunity/more to trade in the market.Even price patterns/behaviours come and repeat the same patterns over and over again in months and years.

This gives you ample time to really be that determined to learn and improve your trading skill and IQ.Do not be pressured by anything happening in your life and in the World. The Market is teaching you to be patient so you might as well work on your inner self.

The concluding factor is that practice doesn’t make perfect but it makes improvement, no matter how cliché it sounds.

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This is from me to you and everyone else
Peace.

I am

Affirmations play a big role in a traders life.

We like to speak things into existence because that is what we’re all about.

Most people didn’t approve of what trading is and most still do not know what it is till this day.

It is constant learning to improve yourself.Improving yourself in areas you lack.Some People lack patience,some people lack character and it might sound weird but character plays a huge role in an entrepreneurs life.Money knows Character.Some people lack self control of their own feelings.some people lack determination and some…Consistency.

These are somewhat the characteristics of a trader.

In order for you to acquire the right mindset,you will have to start being open minded about some things,start new hobbies,have boundaries,read books,etc

Do what it takes to reach your full potential.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

IndustryFeelings

This marketplace was built to inflict fear in you…I’m not even kidding
From the moment you open your platform you start seeing red and green colors and you do know that red is for danger.There’s this funny but scary sound that is often displayed when you’re busy on your platform from time to time.This sound triggers that fear that something wrong is happening with your trades.This alone tries to swindle you into an undecisive position that makes you do hasty decisions.

This industry is literally a roller coaster ride and you can see this by the price going up and down.Feelings of high hopes and disappointment but inside all of these layers you learn valuable lessons that make you a profitable trader.

Think of the market as your teacher and you as the learner because you always learn from your losses as a trader.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

How to choose and trade pairs in the FOREX Market

When you choose a certain currency pair,there are a few factors that you have to look at.
I do this in question form so that I can see if the pair I chose is a pair with good opportunities that allow you to understand it’s price behaviour by ticking all the boxes.If most boxes/questions are not filled then it’s not a good pair for me.
[ ] What type of currency pair do you want to trade?
[ ] What relationship does it have with the interest rates chart(the 10-year treasury note)?
Choose a second pair or commodity,etc

[ ] What relationship does it have with another indice,currency pair,etc and the Interest rates Charts.
[ ] What are the Macro’s of the Economy using that currency?

The aim here is to understand price behaviour technically and fundamentally because this will then place you at a level where you can know get to figure out why the price will supposedly drop in the next Quarter or come to other conclusions that can also help you with aligning your probabilities after doing your technical analysis.

More fundamental and technical info to be updated.
I just wanted to keep this as short and simple for you to do ur research of the terms and factors mentioned above.

Always study your macros to know reasons behind price movements/behaviours in the market in technical and fundamental terms.

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This is from me to you and everyone else
Peace.

A summary of a lot of keys

It’s not easy to trade profitably.Most can’t do it.Its not that trading is difficult but rather the discipline needed to trade profitably is difficult for traders to learn and implement on a daily basis.

Break the market down into different trading sessions and look for potential reaction points.

Budget your time in the charts.If you have the need to be constantly watching the charts you are quite possibly fostering an addiction.

Yes it is important to spend time in the charts but it shouldn’t take you up to 3hrs to do so unless if you are studying and building on your knowledge.

No one else executes the trades besides you.You are in charge and the ship either sinks or sails smoothly based on your decision making.

Every small incremental move towards your goal is a positive move.Trading is not a race,it’s a journey that you should be enjoying.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

The treasure

The most important Chart to a trader….yerp,you guessed it.It’s the 10-year treasury note.

This chart is found on the internet in the website called Barcharts.com.After you have typed in Barcharts and clicked its web,you will see a search icon,type in the name of the chart as mentioned in the 1st paragraph and then view the Chart.

I’m going to dwell deeper into my trading knowledge with this topic because this is awesome man.For those that don’t have an idea of what I’m going to talk about,you’ll find a clue on where to get the explanatory video in this blog as I unpack the treasury note to you.

I will make a video speaking on how to access and use the chart to your advantage and what it really helps you with.

I will drop the video on my YouTube channel,”My Caliber Journey” and explain everything to you.

This interest rates charts shows where the price of foreign Currencies like the AUDCAD is poised to go.All foreign Currencies chase after the Yields of this treasury note and the USDCAD currency pair goes the opposite way.

This is because the USDCAD currency pair chases after the Yields of the German bonds and the 10-Year Treasury Note has an inverse relationship with the 10-Year treasury note.This ultimately means that when the 10-year t-note’s price goes bullish,the German bonds will go bearish.

Use the treasury note as an additional assistance to ur trading.Learn about the treasury note first then proceed into using it when you’re comfortable In doing so.

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This is from me to you and everyone else
Peace.

We all need tools

Everybody needs tools in this World.Builders need tools and material to build.Chefs need their tools and cutlery to cook.Bakers need their tools and ingredients/cutlery to bake.Doctors and Mechanics need their tools to diagnose a problem,etc.We all need tools in this world.This itself explains why we need to use our tools that we have on our trading platforms either on our smartphones or laptops,etc.

Our tools are used to identify problems in the market and solve them by then taking a trade of that directional bias.That’s my own way of how I view the market.Whenever I see a trend in the market I take it as a problem and then I solve the problem by identifying opportunities.

Some of you guys might be asking yourselves but why am I doing this…well,it’s because Only rich people or wealthy people got to where they are by solving a problem/problems.Think about it.

When entrepreneurs of any kind it doesn’t matter which industry it is,when they sell you product or service it has to satisfy you as the customer.Once this has been achieved,they have solved the problem of your yearning.

This also goes for trading,in my own view.Once I Identify a problem (trend),I then have to identify a solution to that problem(opportunity…whether to buy or to sell)

The tools you have to make use as a technical trader of in the market are your trendline,Horizontal line,Vertical line and Fibonacci retracement tools.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Forex Hindsight

A jack of all traits is a master of none

In order for you to learn how the price of a certain currency pair or any other symbol we have in the market behaves,you need to lock any other pairs out and focus on that specific pair you have chosen.

Once you start to do this,you allow your mind to focus solely on one thing and how it behaves,why it does certain things and what causes those things to happen.

For e.g.I started focusing on the USDCAD currency pair only.As I did this I then started to learn why it’s prices behaves the way it does.I started learning and taking note of the fact that this pair doesn’t provide opportunities everyday…of which we’ll talk about in another topic but the best part about learning one pair’s behaviour is that you get to learn how it affects another pair.

I started figuring out that the USDCAD currency pair has an inverse relationship with the AUDCAD currency pair.This means when the price of USDCAD goes bullish,the price of AUDCAD goes bearish.

Focus on one pair and master it. Always look forward to every trading week.

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This is from me to you and everyone else
Peace.

Support and resistance levels

Support and Resistance levels are both very important and useful in many cases.

Support and resistance levels are used to identify levels where price either finds support to keep pushing up or finds a level of resistance that pushes the price down.

One can use the levels to help identify a trade trigger(breakout,retest and enter),It can also be used to identify tp levels and lastly,it helps to identify levels where the price creates volume(new opportunities in the market)…new structures.

You have to practice these basics and know them by heart as they are of great importance.

Pick any currency pair of ur choice and start identifying levels of support and resistance.If you are comfortable you can also add trendlines to identifying your trends.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Follow the structure

Goodday everyone and welcome back to another post of Everything Trading.
Today we focus on following the structure.

The price in the market is always trending,either up,down or just consolidating/ranging.Follow the trend.
Inside every trend there are multiple structures that outline.
What you need to focus on is (A)The trend and (B) the structure.
Structures come in many patterns but the key thing to focus on is how the price behaves in every structure.

PRICE BEHAVIOUR
The price often creates 3 touches before moving in it’s initial trade bias.This happens in any structure and happens in most timeframe from smaller to bigger timeframes.

What you need to practice and know by heart is your different patterns in the market and what each and every pattern tell you because the price in the markets tells you a story…either bearish or bullish.
What completes the whole story is the touches the price makes on the same level/point.

What you also need to learn are your terms in the market.With that being said there are many courses with different names so it will depend on which course you learn in terms of knowing it’s terms.

Learn how the price behaves around certain levels and around the structures(patterns) that it creates.
Identify patterns in the market weekly.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Time To Mute

As a trader or someone pursuing their passion for that matter,you shouldn’t be paying much attention on social media.
Don’t get me wrong.Social media has been a great help to us in many ways but that’s not the point here.What I’m trying to highlight is that when you take a decision to focus on your passion or talent,etc…you have to block most of the things that will distract you.

When you spend time on social media,you spend more time checking out other people’s posts and what they’re doing.That on itself is a distraction because it’s taking away a person’s biggest Asset,”Time”.
This ultimately puts you at a huge disadvantage and you’re doing a huge disservice to yourself because you lose much of your time on your phone looking at what other people are up to instead of doing something about what you got going on or what you have to work on.

You have to change the narrative around that and spend more time on your craft.
Now as a trader,you will be familiar with a lot of people on different kinds of social media platforms.Do not focus and look at other trader’s posts everytime because you will want to try out what they are doing forgetting that your level and his level aren’t the same.
They’ll be posting money,cars and all those things of which at some point,they were meant to inspire but unfortunately when you view some of the things you feel a bit small and discouraged by the fact that your hustle/passion/craft is actually taking longer than you expected it would and now you see other people doing what you want to do and they’re making it out there…it can affect you emotionally or mentally.

It is a great thing to follow someone that you look up to,someone that inspires you,someone that you want to be like.Its definelty 100% ohkayy but what I’m saying is that you mustn’t spend much of your time looking at what other traders are making,how they live…the list goes on.

Spend more time on your craft.If you don’t pay attention to how good you are on what you do,you’re never going to improve.
Why do something if you don’t want to be the best at it?Rather leave it and be the best at watching other people’s posts and what they’re doing maybe you’ll be good at that but what good will it do for you?

Take time to reset and think this through.
Spend more of your time on your passions than on things that won’t add value to your life.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Post script at the B-Journey

The B-journey is another term I use for “the beginning of your journey”

Knowing how to read price behaviour removes the ambiguity of whether your indicator or system that you are using is good or not.
Only you can make the indicator you’re using work by only one thing.Simply put in the chartwork yourself.Nothing ever works if you don’t.

Do not sell lows and buy highs.Many traders tend to do this without even noticing and its caused by the fear of taking a trade and what we call FOMO(Fear Of Missing Out).Sometimes when you see a trade trigger, you wait a little while to see if the price is indeed going in your direction before taking the trade because you’re either not certain of your trade,you don’t trust your analysis or you are safeguarding your precious money.Don’t do that.
You either trade or you don’t.
Mentors can teach people how to trade but no one can teach you self control of your own emotions.Only you have to learn how to control that.YOU.

As I once written in one of my blogs,when you ought to take a trade there must be a list of questions that you have to answer before taking a trade.This now adds to drafting your own trading plan.
A trading Plan isn’t something you copy from someone and paste it.
It’s not a template but I’ll tell you what it really is.A trading plan is drafted in the process of figuring what type of trader you are by practically trading.It’s basically trial and error because you will see that before you actually learn what type of trader you are,there will be constant blowing of accounts and making losses and sometimes making income here and there but it’s noticing the amount of losses as opposed to wins each year that will tell you that no man…this isn’t my category.That’s actually how you find out on which category you fall in in this industry.
Now don’t get me wrong.There are traders out there that sync in with the type they have settled for on their first try and this is because those people actually landed on the mark of their industrial self or they can just adapt like that.It’s possible.

In conclusion I just wanna say to you guys its not about the destination in this industry.It’s about the journey so embrace your losses as much as you do with your wins, for your losses actually teach a lesson.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

In common

All traders have the same thing in common I’m talking about every type of trader.We all have the same thing in common.

When you open your trading device it can be your laptop,phone,etc…you are looking for a specific pattern to formulate or a price behaviour which is what every trader does.
The questions to ask yourselves are :
[ ] What am I looking for in the market?
[ ] What happend yesterday or the day prior?
[ ] What do I See now?

After answering ur questions and come to a solution to either take a trade or not,you prepare another questionnaire and ask yourself these questions:
[ ] Did it go to my directional bias?If not why and if yes…you’re profitable.
[ ] Where do you plan on closing your opened trade?
[ ] How long are you looking to leave the trade open ?
The list goes on.

Another thing that traders have in common is that we set a target.
There is not even a single business that can operate without a target or else you’ll be setting yourself up for disaster.
Set a weekly target of the minimum amount you ought to make and take it from there.I won’t be teaching about setting targets… for different people set different types of targets with different parameters so I’ll just cut it there.

Another thing that traders have in common
Traders are driven by passion and they have a “Why”.If you are not passionate enough,you aren’t worthy of being in their midst.
Traders hang around like minded people and often like to do research(it depends on the trader’s goals and passions)

And Lastly but not least
Traders understand the value of money.
This comes from constant years of trading and blowing your accounts,making money here and there,constant repetition of these 2 occurances,getting to learn about finances(reading and researching) and investing which sets a platform for them in the business World.

Hang around like minded people.
Have something that Drives you to do what you do…have a “Why”.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.