My Trading Behaviours

 My Trading Behaviors

#When you want to be a successful trader must need to follow the following rules for make lots of money.

#My wins or losses in the market have nothing to do with me!

#Don’t place a trade based on what I think is going to happen. Trade if they matches the rules.

#I will not trade after a night out or an argument with my partner!

#Don’t have more than 5 trades running at one time.

#Trading is not like a job which has to be done every day. I will wait until the market is right.

#I will be consistent and persistent to become a profitable trader.

  #If it’s going to be it’s up to me! Decide my own destiny.

 I you want to know about Trading Strategy you can go here

The biggest mindset challenge to overcome Fear

 

The biggest mindset challenge to overcome Fear

1.Being Wrong: There is no such thing as a perfect trader. If you don’t figure out what you’ve done wrong. you will never correct it.

2.Losing:You become what you think about. Seeing drawdowns and panicking will attract more of what you don’t want.

3.Missing out: Its better to not be in a trade, than to be in one you wish you weren’t in.

4.Greed:Never compare your results to someone else. If you want to make quick money,you will also loose quick money. Focus On Growth

Butterfly Doji Candlestick

 Butterfly Doji Candlestick Chart Pattern

1.Open price and closing price is the same.

2.Long lower shadow.

3.No color (No bullish no bearish)

4.It is a Bullish reversal candlestick pattern.

5.Appears after a long downtrend market at the bottom position.

 Gravestone Doji Candlestick 

1.Open price and closing price is the same.

2.Long Upper shadow.

3.No color (No bullish no bearish)

4.It is a Bearish reversal candlestick pattern.

5.Appears after a long uptrend market at the top position.

6.Enter the market from the key resistance level gives more accuracy.

How to Trade with Gravestone Doji

 Daily Candle Breakout Trading System

Timeframe: Daily 

Indicator: SSG Bline Indicator and Daily Candle

Entry time:23:30(Broker server time)

Entry type: Buy stop or Sell stop

When Take Buy stop:

When the following condition was fulfilled only buy stop should be placed.

    1.D1 Trend is Up(Determined by SSG Bline Indicator   

    2.Place one buy stop just 10 pips above the previous day's candle.

    3.Stop loss: Below the 5-10 pips(Depend on pair)of the previous day's candle. 

 

Above the picture, we see that SSG Bline indicator show market is up on the D1 time frame.

So at 23:30 server time, we place only buy stop. 

Take Profit: Normally 50-70 pips even more for volatile pair like GBPNZD 100+

Breakeven: 20 pips 

Exit System: Stop Loss Heat and 

                     another one everyday profit trade(any amount of Profit Running) close after three hours of the opening of  Newyork session.  

When Sell stop place:

Just vice versa of the Buy stop when SSG Bline shows Downtrend.

How to use support and resistance area

 How to use support and resistance area?

Support and Resistance price zones are used by the biggest banks, financial institutions, and many forex traders.

They traded with this area in different ways like:

1) Range trading - trade pullbacks.

2) Trade reversals as soon as supports become resistances or resistances become supports.

3) Take profits or set stop-loss based on support/resistance zones.

Pullback Trading from Verified Support

The verified support level is the level where the price touched at least two times a recent period. 

Reversal trading from Turncoated S/R

Truncoated area is the area where previous support acted as new resistance and previous resistance acted as new support. 

For setting take profit and stop loss support resistance area is the ultimate choice of most of the traders.

Fact of Fear and Greed During Trade

 

Are the markets really controlled by fear and greed? Common beliefs are:

#Greed makes you take bad trades.

#Greed makes you stay in too long.

#Greed makes you over leverage.

#Fear makes you scared of missing out.

#Fear makes you scared of losing money.

#Facts are: This is true to some but not in the way everyone thinks.

#Fats are: Traders want to be productive, not greedy.

#Facts are: Traders get less and less greedy the longer they trade.

#The Fear should subside over time as you develop the confidence to perform actions that bring consistent. Positive growth.   

                                                                       Pain and Pleasure During Trade