A higher percentage of traders still fail for this exact reason , I mean if you can’t take a class without a tutor guiding , why go all alone in the markets. It’s crazy ! The need for someone putting you through should not be exaggerated especially not pro guidance
On the contrary I invest with Noud Mikan a FINRA certified trades pro and risk analyst , he trades for me in forex and stocks exchange and his system is making me tons and tons of new money investing the safe way….If you ask me I would say his system is a profit magnet
@@philcrowley007 Remarkable, this is definitely not the first time coming across this name Noud Mikan. Wasn’t he featured earlier this year on CNBC regarding guided lucrative investments? Good man if I must add👍🏻
Hey Buddy , I’m kind of new to this whole investment thingy and it’s really overwhelming…earnestly I don’t mind working with experts to improve my wins on trades. How do I get to your trader ?
Thank goodness you brought this up. Honestly, trading has changed my perspective on how one can succeed in life. Working multiple jobs for money isn’t the optimal way to attain financial freedom and unfortunately, we discover this later in life. I’ve been able to get enough returns (about 250 bucks daily) to make sure I and my family are good in these troubled times. Great piece!
@@laylekeegan521 A good investment should deliver a healthy return. This will help you build wealth in the long term and that is why I trade FX with *Zachary* - a renowned trade analyst. However, be wary of unrealistic ROI’s and bogus promises from thieves out there
@@Daniel-vw4dj its worse to wait on a trade be he said if you waited for the retest first you would have been fine as in retest he means wait for the macd to cross over and bounce off the support or resistance again, not wait longer before you enter a trade you were planning to enter.
@@Daniel-vw4dj he meant waiting when markets are in buying mode is worse, it is almost impossible to time the top and bottom of the market so the best strategy is to buy on increasing scale and sell on decreasing scale
Well, actually to be good at trading you have to lose some of your own money. You need to use different assets, and you need to trade them to understand the mechanics. Derivatives and leverage teach people (the smart) risk management. Those not willing to learn pop out like champagne bottle cork. Right decisions come with experience. And experience comes with bad decisions.
It's easy to analyse historical data. In reality, the market can go contrary to market fundamentals at unpredictable times and periods. You can never really be sure where the top or the bottom is.
Nice video very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for.
lesson learnt: Instead of rushing and opening a position and hope for a change of price direction, wait PATIENTLY for the price to break the key level, and a pullback to that key level, and rejection, and open a position in the same price direction.
this is what i have learnt in trading man, patience is key, PATIENCE is everything man, sometimes I used to go in too early before the price broke my key level, needless to say I had a number of panic attacks before I learnt to wait. thanks for your sentiments
Open 2 positions, each having 50% of the total amount you want to put in. First halftrade has a 1:1 ratio (or lower), second halftrade only has the same SL but no TP. If the TP of the first halftrade is hit, move the SL of the second halftrade to break even and trail your SL. This way you can hedge losing trades by having additional smaller wins and can ride good trends further than the 1.5:1 ratio. It's a bit more to do on your side but well...you fight against Quants with a degree in higher mathematics that work for multibillion dollar companies with a salary in the higher six digits range, so at least do something for your money. If it were THAT simple, everybody would do it. Also, learn where the smart money goes and follow it. If most traders lose money and most traders use the same indicators, go figure why this might be correlated.
Love that opening example. Catastrophic if going in with no strategy, but potentially salvageable with acceptable loss, break even, or even a slight profit with a strategy for failed entry loss mitigation. Clinging onto the belief of being right and having nothing to protect the downside rather than accepting that the idea didn't work, making the best of it and moving on is the worst.
Whether Emma would have made 300% tho. If one’s up 50 or 100% most people will at least close some of their positions. That’s the whole psychological disaster with trading. One trade you let it run and take a good profit. Only for the price of the instrument then to double or triple. So next time you don’t want to make that mistake again. So you let it run. And then the price comes back to BE and you are sorry you didn’t take the profit. And this is just the profitable trade we’re talking about. Emotions are just a traders worst nightmare. I think algo trading is the way to go. At least you’re taking the emotional side out of it.
The best approach to the market is highly subjective, i focus on long term investment currently and less short term trades. the smartest way to get rich is by putting money to work in trends that offer double-digit growth potential for a very long time.
The way I view a possible trade, is, just like a professional hitter in the batter’s box. If he sees a hanging curveball, flat slider, fastball down the middle of the plate, he’s going all in on that swing. All his indicators were checked off, and he crushes it to the cheap seats. Until he gets those signals, he sits patiently. That’s how I view my trades. When that trigger to enter a trade comes, don’t hesitate. Your eyes should light up when you see those triggers. Until then, sit patiently. There are days that go by where I don’t trade at all. It takes one great trade to make your week/month/year, but only a few little bad trades to take it all away.
Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days. By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start. Another reason is that trend on 1H chart can flip on A dime & your money is gone.Trend based on the last 5-10,four hourly candles has enough players behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced merchandise. Entry is on 15 minute price action.Sir , I Seek your wisdom?
Nice test - good you did it. The only thing is that 50% between typical entry and stop loss is too far. It would be nice if you could do another comparison and use 65% or 70% from stop loss - there will be way fewer trades that are not taken, cause there really are many times that the price retraces from MACD cross-over (at least if it is used with standard settings). If you do this, there would be two things to test for - RR 1.5 and RR that corresponds to the original target price level, to see which one is better. When aiming for RR 1.5 with this entry zone it is just a question of whether there are more trades that would not reach the entry point or more trades that don't reach the target with the original entry level. If it is the later, than this adjustment should provide a higher win rate than the original strategy. If this is the former, that the win rate will be lower and thus the question will be whether leaving the target at the original level will provide high enough RR to offset the declining win rate, which hopefully will still be above 50% (at least that is what I aim for).
One of the reasons why stop- losses are so important! If you can get a trailing stop-loss even better! I'd much rather be stopped out and lose some gains then have what you showed in the beginning happen
I kinda struggle with support and resistance. I feel like there’s support and resistance everywhere on the chart, that makes it impossible for me to trade with it. Could you make a vid abt this?
For the opening example, fundamentals have a far greater effect on price action than technicals, however technicals can be reliable in the absence of fundamental news.
@@id10t98 How does that invalidate my comment? I never said that those companies would continue to go higher, i just said that fundamentals are more important than technicals. Which holds true with recemt events.
@@captaincannabis3321 faceplant/meta allegedly has great fundamentals but they've lost 30% from their highs. So neither good fundamentals nor tech analysis was very helpful at giving true support levels for their stock price and it may be years before anyone recovers the money and they are bagholders now.
@@id10t98 Everything is down from its highs. The problem is that you're looking at the fundamentals of the individual stocks and not the macro fundamentals of the overall economy. Individual stocks, especially those that are part of the indexes or other composite funds, tend to correlate closesly to the indexes when there is no news for the individual stocks. Thats whats happening now, the broader economy is down due to being grossly over extended, the Ukraine issue and the continuing pandemic. That pushes the indexes down, which pushes individual stocks down. On top of that Facebook has also had less than stellar earnings and user reports.
@@captaincannabis3321 Not everything is down from their highs as I have a few energy stocks in my portfolio that are reaching 52 week highs recently. Tech stocks and related ones always get hammered in rising interest rate scenarios like we currently have AND when they announce earnings that miss expectations & number of DAU/MAU's falling. There is NO doubt the Fed will raise interest rates in about 4 weeks and anyone still holding tech stocks at that time should prepare themselves for another beat down. I see 3, perhaps 4 rate hikes coming this year, 2022, all 1/4 point hikes.
The way that stock was dumping I wouldn't have gone long at the 200 MA. That is some serious bearish momentum. You're trying to catch a falling knife. In fact I would have gone short off the back test of the 200 MA
I did not understand what is "late entry"? I completely agree with lower risk/reward ratio, it is safer. For example 2:1 is safer than 3:1. That's why the best recommended value is 3:1, because as it was mentioned in video, the ratio of 4:1 means that if you have only 2 profitable transactions, you will have profit. It means that three other transactions will be losing. If you work with 3 instruments it means that you have 9 losing transactions. They can also be consecutive. The probability of it is very low but it exists. That's why we need to be careful.
I noticed you calculate the entry point when MACD crosses over, however in real life you won't have confirmation of this until the next candle, so shouldn't your entry be calculated from the next candle?
Why the hell would you buy there, the chart just switched bearish and youd be buying a bearish topping tail and the price action shows no sign of slowing down with no reversal signals..
There was no buy signal at all near that 200 MA. Also, what did the daily volume look like, what did the weekly indicators look like? Should have exited the trade with the break out point failure where price broke below 200, then back above the 200 MA then back below, that was the sell signal. Entering on a doji without confirmation the next day and entering an objective long position not smart. Always enter a position based on confirmation such as a bullish engulfing candlestick after that entry on the doji.
When you are cutting things with a sharp knife and you accidentally drop it, do you... A) try and catch the sharp knife before it hits the floor? Or... B) let it hit the floor, bounce around some, letting it come to rest before you try and pick it up? if you answered A, stock trading isnt for you.
yea, sucks I got started in 2020 cause now im gonna be conditioned to wanting those same returns, but alas, I have been able to mitigate these feelings enough to remain profitable...lets see what the market brings us in the future
In what kind of market do you test these strategies? If I am backtesting I get a lot lower winrates on current markets (only looking at the strategy itself, no further analyses done)
I usually start in January month, but most importantly, the chart has to be trending because we are testing a trend trading strategy. If we use trend strategy in the ranging market, there is no market view and we will get a low win rate. By market view I mean the skill to identify good vs not worth trading markets that differentiates an Algo/Script from a real trader. Bitcoin from around mid-January matched all the criteria needed for a trend strategy.
@@TRADINGRUSH did you trade long and short both in your backtesting? I wonder what timeframe you backtested and if the higher timeframe was in alignment or counter trend. So many variables that I think it truly does makes one think, no doubt, but daily bias and market sentiment that day will help or hurt you and no algo compares to the discretionary trader with experience. Imo.
All truth been told, trading in the amounts we 're talking, has slightly better win/loose chances than horseraces. Plus it's less dangerous. You won't get mugged by a junky who spotted you on the windows collecting profits. Other than that, all the worlds philosophy, Bayesian theorems and Wyckoff's analysis doesn't change the fact that all it is is just rolling the craps from the luxury of an A/C room, wearing a suit (or just your dirty underwear, I guess), not having to curry your gun and the label of being a sick gabbler. Now, with that been said, how to you make the SL 50%, again? Just canceling and re-entering the TP/SL box?
That and the fact that the market was clearly going into freefall due to world economies being shutdown, anyone who didnt see that and continued to trade on technicals deserved to blow up their account.
Thank you so much, I had that doubt and I didn't know if my experiments were right, really thank you for the info But, why not taking the same positions but decreasing the TP? I mean, instead of 4:1 or 3:1, maybe a 2:1 in the same entries? Or even better, 2 positions, 1:1 and the second half 3:1 or stuff like that. Those are the next experiments I'll run and let's see what happens :D
I like your thinking, sounds like me. Maybe 2 positions, one of which you close at half your tp and then let the other run. Or close one at Tp and let the other run and move the SL to BE etc.
There's also a phenomena where if it's been bullish for 6 months it's almost guaranteed to be bullish for the next 6 months. I forgot where I saw it sorry for lack of sources.. That's why higher time frames are stronger.
As a beginner trader with a small account andover 100 trades executed, the majority win s for long entries came from using major support levels , which is determined by using volume profiling on higher time frames usually on daily and weekly. I recommed Traders should be looking for multiple concepts of convergence and not relying on one single indicator for entry
Because you used the last movement to Vivaldi's Four Seasons to illustrate improper entry at the beginning, you have an instant subscriber, man. That piece is partially responsible for both my joy of life and interest in graphs and chart patterns
Problem with this video is market is run by 90^ algos. Retail investors that are represented in the video only.make up the remaining 10% and are along for the ride. Yes you need to research your entry/exit but retail is mainly along for the ride
Straight risk to reward trades are account killers. I never take a trade without putting a trailing stop on it. I don't set a specific single TP. I make sure i can't lose $ in a hurry if i am right. Not hard to do.
Initially you should have this in mind and plenty of reward with little risk though imo or you’re screwed. I agree with you though. I think there’s market generated data coming in all the time that may influence a day trade so I’m monitoring and adjusting as well. No robot will ever match the skilled discretionary trader
Or you can buy before all those events happen, making calculated setups using highend mathematics so that you never have to set a stop loss or take slippage....getting about 120%+ apy. Daytraders are funny.
@@ce8539 I'm the only one who teaches it, that I know of, for free. You can probably find me floating around r/options helping others out with their trades.
I'm going to test the MACD strategy on the 1.5:1 ratio with a pullbackSL, but also if it goes 50% to the SL, then I'll double down, but also adjust my ratio so it's not 4:1 and make it back to 1.5:1, but now I'll have double the shares.
A trader who doesn't use stop loss is not a trader. Besides your reference time is covid exception. Only thing i can agree on is entry after move confirmation
today i took 16 jun series buy pe 15850, sell 15900 sell ce 16000 nett gain +71 nifty below 15850 net gain on closing 21 Rs nifty betwn 15900 to 16000- net gain 71 rs.Invst on sharekhan with margin..1.06 lakhs exit at 16071...
Now imagine if the guy would have bought at support and put a stop loss at say 10% below! The most important thing about trading is risk management! Many times things bounce at support many times they don't but with a good stop loss and place you can manage how much you lose! Unfortunately it's very easy to have that stop loss kick in and then say okay it went down enough now and buy back in only to be stopped out again and say okay well it's got to be at the bottom now and have that happen over and over😭
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...
@Michael, You make it seem unreal to make up to that as a passive income annually,when it’s clearly possible. I have made over 1Hunnid thousand dollars from January till now with no joke game plan. She’s a masterpiece and her name is Christiana.😁
As a rookie I had considered those before getting pros handle my investment operations with better experience hence my profits making
A higher percentage of traders still fail for this exact reason , I mean if you can’t take a class without a tutor guiding , why go all alone in the markets. It’s crazy !
The need for someone putting you through should not be exaggerated especially not pro guidance
What platform do you trade with ,
@Wesley Benjamin
and how far have you gone.
How good is it really ??
On the contrary
I invest with Noud Mikan a FINRA certified trades pro and risk analyst , he trades for me in forex and stocks exchange and his system is making me tons and tons of new money investing the safe way….If you ask me I would say his system is a profit magnet
@@philcrowley007 Remarkable, this is definitely not the first time coming across this name Noud Mikan.
Wasn’t he featured earlier this year on CNBC regarding guided lucrative investments? Good man if I must add👍🏻
Hey Buddy , I’m kind of new to this whole investment thingy and it’s really overwhelming…earnestly I don’t mind working with experts to improve my wins on trades.
How do I get to your trader ?
Thank goodness you brought this up. Honestly, trading has changed my perspective on how one can succeed in life. Working multiple jobs for money isn’t the optimal way to attain financial freedom and unfortunately, we discover this later in life. I’ve been able to get enough returns (about 250 bucks daily) to make sure I and my family are good in these troubled times. Great piece!
Hello Andrew, I know quite little about trading and I’m keen on getting started. How are you doing it?
@@laylekeegan521 A good investment should deliver a healthy return. This will help you build wealth in the long term and that is why I trade FX with *Zachary* - a renowned trade analyst. However, be wary of unrealistic ROI’s and bogus promises from thieves out there
@@andrewdonkelly3187 I get it. But, how do I get in touch with him, please?
@@laylekeegan521 visit *Zachary Allen mark* on
*In.sta.g.ram*
Always wait for a retest of a trend line, support/resistance or retracement before entering a position
I think he just proved to you that its actually worst to wait
@@Daniel-vw4dj its worse to wait on a trade be he said if you waited for the retest first you would have been fine as in retest he means wait for the macd to cross over and bounce off the support or resistance again, not wait longer before you enter a trade you were planning to enter.
@@Daniel-vw4dj he meant waiting when markets are in buying mode is worse, it is almost impossible to time the top and bottom of the market so the best strategy is to buy on increasing scale and sell on decreasing scale
I don’t think you’re a profitable trader if you say not to wait for conformation
🤔
Well, actually to be good at trading you have to lose some of your own money. You need to use different assets, and you need to trade them to understand the mechanics. Derivatives and leverage teach people (the smart) risk management. Those not willing to learn pop out like champagne bottle cork. Right decisions come with experience. And experience comes with bad decisions.
This sounds like The Rock explaining trading.
Hahahahahaha exactly 😂😂
It's easy to analyse historical data. In reality, the market can go contrary to market fundamentals at unpredictable times and periods. You can never really be sure where the top or the bottom is.
"The markets can stay irrational longer than investors can stay solvent."
Nice video very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for.
👌
A great work demands a great sacrifice.
What can I start to earn more income weekly or monthly, any with ideas?
@@benildabituin1531 I'm into real estate investing
Real estate lets people grow their net worth by amassing more properties. Its a good long term investment idea due to appreciation
lesson learnt:
Instead of rushing and opening a position and hope for a change of price direction, wait PATIENTLY for the price to break the key level, and a pullback to that key level, and rejection, and open a position in the same price direction.
FOMO
Called buy after breakout pullback and second confirmation - read Al Brookes 3 price action books
this is what i have learnt in trading man, patience is key, PATIENCE is everything man, sometimes I used to go in too early before the price broke my key level, needless to say I had a number of panic attacks before I learnt to wait. thanks for your sentiments
Open 2 positions, each having 50% of the total amount you want to put in. First halftrade has a 1:1 ratio (or lower), second halftrade only has the same SL but no TP. If the TP of the first halftrade is hit, move the SL of the second halftrade to break even and trail your SL.
This way you can hedge losing trades by having additional smaller wins and can ride good trends further than the 1.5:1 ratio.
It's a bit more to do on your side but well...you fight against Quants with a degree in higher mathematics that work for multibillion dollar companies with a salary in the higher six digits range, so at least do something for your money. If it were THAT simple, everybody would do it.
Also, learn where the smart money goes and follow it. If most traders lose money and most traders use the same indicators, go figure why this might be correlated.
why not just sell 50% of your position when you reach a certain target profit? instead of opening two positions
@@Daniel-vw4dj Exactly!
Its better to tkae out 50% of your position in this case, so you dont pay 2 times commissions
@@Daniel-vw4dj I dont know how to do that with mt4
@@Daniel-vw4dj closing a part of a position must be done manually. That's why he opens two positions. It's just for using TP command.
Love that opening example. Catastrophic if going in with no strategy, but potentially salvageable with acceptable loss, break even, or even a slight profit with a strategy for failed entry loss mitigation. Clinging onto the belief of being right and having nothing to protect the downside rather than accepting that the idea didn't work, making the best of it and moving on is the worst.
I agree with everything but guessing on what outcomes will happen. Never guess. NEVER. Make every decision based on the data and stats
This was one of the best trading videos I have seen in a very long time. Great work Trading Rush! (Loved the music also! Created a sense of drama.)
Whether Emma would have made 300% tho. If one’s up 50 or 100% most people will at least close some of their positions. That’s the whole psychological disaster with trading. One trade you let it run and take a good profit. Only for the price of the instrument then to double or triple. So next time you don’t want to make that mistake again. So you let it run. And then the price comes back to BE and you are sorry you didn’t take the profit. And this is just the profitable trade we’re talking about. Emotions are just a traders worst nightmare. I think algo trading is the way to go. At least you’re taking the emotional side out of it.
The best approach to the market is highly subjective, i focus on long term investment currently and less short term trades. the smartest way to get rich is by putting money to work in trends that offer double-digit growth potential for a very long time.
The way I view a possible trade, is, just like a professional hitter in the batter’s box. If he sees a hanging curveball, flat slider, fastball down the middle of the plate, he’s going all in on that swing. All his indicators were checked off, and he crushes it to the cheap seats. Until he gets those signals, he sits patiently. That’s how I view my trades. When that trigger to enter a trade comes, don’t hesitate. Your eyes should light up when you see those triggers. Until then, sit patiently. There are days that go by where I don’t trade at all. It takes one great trade to make your week/month/year, but only a few little bad trades to take it all away.
Your video literally shows how news can affect markets past indicators but then suddenly as it recovers it respects that 200 at least 3 or 4 times.
Bill should have created a stoploss lol
Let's talk have something bigger to introduce.☝️
Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days. By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start. Another reason is that trend on 1H chart can flip on A dime & your money is gone.Trend based on the last 5-10,four hourly candles has enough players behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced merchandise. Entry is on 15 minute price action.Sir , I Seek your wisdom?
Let's talk have something bigger to introduce.☝️
Nice test - good you did it. The only thing is that 50% between typical entry and stop loss is too far. It would be nice if you could do another comparison and use 65% or 70% from stop loss - there will be way fewer trades that are not taken, cause there really are many times that the price retraces from MACD cross-over (at least if it is used with standard settings). If you do this, there would be two things to test for - RR 1.5 and RR that corresponds to the original target price level, to see which one is better. When aiming for RR 1.5 with this entry zone it is just a question of whether there are more trades that would not reach the entry point or more trades that don't reach the target with the original entry level. If it is the later, than this adjustment should provide a higher win rate than the original strategy. If this is the former, that the win rate will be lower and thus the question will be whether leaving the target at the original level will provide high enough RR to offset the declining win rate, which hopefully will still be above 50% (at least that is what I aim for).
Brother any other settings for MACD would you suggest for scalping in 5min timeframe? or your best found MACD set up and using time frame
One of the reasons why stop- losses are so important! If you can get a trailing stop-loss even better! I'd much rather be stopped out and lose some gains then have what you showed in the beginning happen
This correct.
Always move your stop in the direction of profit NEVER in the direction of a loss.
I kinda struggle with support and resistance. I feel like there’s support and resistance everywhere on the chart, that makes it impossible for me to trade with it. Could you make a vid abt this?
Try using support and resistnace lines on a monthly first then refine further down towards and entry point
Don't use support and resistance. You are right, it's impossible to pick the right level. Plus, it doesn't even exist
For the opening example, fundamentals have a far greater effect on price action than technicals, however technicals can be reliable in the absence of fundamental news.
Your comment didnt age very well given the fall of faceplant/meta, peloton, paypal, palantir, roblox and a host of other companies.
@@id10t98 How does that invalidate my comment? I never said that those companies would continue to go higher, i just said that fundamentals are more important than technicals. Which holds true with recemt events.
@@captaincannabis3321 faceplant/meta allegedly has great fundamentals but they've lost 30% from their highs.
So neither good fundamentals nor tech analysis was very helpful at giving true support levels for their stock price and it may be years before anyone recovers the money and they are bagholders now.
@@id10t98 Everything is down from its highs. The problem is that you're looking at the fundamentals of the individual stocks and not the macro fundamentals of the overall economy.
Individual stocks, especially those that are part of the indexes or other composite funds, tend to correlate closesly to the indexes when there is no news for the individual stocks. Thats whats happening now, the broader economy is down due to being grossly over extended, the Ukraine issue and the continuing pandemic. That pushes the indexes down, which pushes individual stocks down. On top of that Facebook has also had less than stellar earnings and user reports.
@@captaincannabis3321 Not everything is down from their highs as I have a few energy stocks in my portfolio that are reaching 52 week highs recently. Tech stocks and related ones always get hammered in rising interest rate scenarios like we currently have AND when they announce earnings that miss expectations & number of DAU/MAU's falling.
There is NO doubt the Fed will raise interest rates in about 4 weeks and anyone still holding tech stocks at that time should prepare themselves for another beat down. I see 3, perhaps 4 rate hikes coming this year, 2022, all 1/4 point hikes.
Great use of vivaldi, i really enjoyed your editing of the opening scene :)
Nice illustration on how 2 trades experience different things based on the decisions they make.
The way that stock was dumping I wouldn't have gone long at the 200 MA. That is some serious bearish momentum. You're trying to catch a falling knife. In fact I would have gone short off the back test of the 200 MA
Let's talk have something bigger to introduce.☝️
I did not understand what is "late entry"? I completely agree with lower risk/reward ratio, it is safer. For example 2:1 is safer than 3:1. That's why the best recommended value is 3:1, because as it was mentioned in video, the ratio of 4:1 means that if you have only 2 profitable transactions, you will have profit. It means that three other transactions will be losing. If you work with 3 instruments it means that you have 9 losing transactions. They can also be consecutive. The probability of it is very low but it exists. That's why we need to be careful.
I noticed you calculate the entry point when MACD crosses over, however in real life you won't have confirmation of this until the next candle, so shouldn't your entry be calculated from the next candle?
Cool thought
That beginning edit was something out of hollywood, fastastic vid real data
Why the hell would you buy there, the chart just switched bearish and youd be buying a bearish topping tail and the price action shows no sign of slowing down with no reversal signals..
There was no buy signal at all near that 200 MA. Also, what did the daily volume look like, what did the weekly indicators look like? Should have exited the trade with the break out point failure where price broke below 200, then back above the 200 MA then back below, that was the sell signal. Entering on a doji without confirmation the next day and entering an objective long position not smart. Always enter a position based on confirmation such as a bullish engulfing candlestick after that entry on the doji.
Minimum 1:2 RRR is mandatory in any type of trades. Quantity of trades do not matter, quality matters.
hello. i'm getting started learning pine script, and i was wondering why don't you automate your backtesting?
Can you please let us know what was your MACD settings so that I can try back testing as I am unable to see your macd setting
Default settings since that's what most traders will use.
When you are cutting things with a sharp knife and you accidentally drop it, do you...
A) try and catch the sharp knife before it hits the floor? Or...
B) let it hit the floor, bounce around some, letting it come to rest before you try and pick it up?
if you answered A, stock trading isnt for you.
How about a 50% late entry but with a 2:1 reward/risk ratio?
Btw interesting video as always
2020 was a miracle year. I was up 700% for the year. Once in a lifetime market.
2021 was good as well for me, up 54.8% as I went overweight energy stocks with the profits from 2020.
yea, sucks I got started in 2020 cause now im gonna be conditioned to wanting those same returns, but alas, I have been able to mitigate these feelings enough to remain profitable...lets see what the market brings us in the future
In what kind of market do you test these strategies? If I am backtesting I get a lot lower winrates on current markets (only looking at the strategy itself, no further analyses done)
I usually start in January month, but most importantly, the chart has to be trending because we are testing a trend trading strategy. If we use trend strategy in the ranging market, there is no market view and we will get a low win rate. By market view I mean the skill to identify good vs not worth trading markets that differentiates an Algo/Script from a real trader. Bitcoin from around mid-January matched all the criteria needed for a trend strategy.
@@TRADINGRUSH did you trade long and short both in your backtesting? I wonder what timeframe you backtested and if the higher timeframe was in alignment or counter trend. So many variables that I think it truly does makes one think, no doubt, but daily bias and market sentiment that day will help or hurt you and no algo compares to the discretionary trader with experience. Imo.
All truth been told, trading in the amounts we 're talking, has slightly better win/loose chances than horseraces. Plus it's less dangerous. You won't get mugged by a junky who spotted you on the windows collecting profits. Other than that, all the worlds philosophy, Bayesian theorems and Wyckoff's analysis doesn't change the fact that all it is is just rolling the craps from the luxury of an A/C room, wearing a suit (or just your dirty underwear, I guess), not having to curry your gun and the label of being a sick gabbler.
Now, with that been said, how to you make the SL 50%, again? Just canceling and re-entering the TP/SL box?
Buy only when moving average is rising. sell only when price is below moving average and MA is falling.
I like the topics you discuss on this channel. It really gives food for thought 👍🏾😊
That's a parabolic drop...I wouldn't by that on a dare and I don't care what MA you have on your chart. Markets roll over, and you have to adapt.
That and the fact that the market was clearly going into freefall due to world economies being shutdown, anyone who didnt see that and continued to trade on technicals deserved to blow up their account.
Thank you man, it is very good content and video. Good luck to you and may your dreams come true😊😊😊
Thank you so much, I had that doubt and I didn't know if my experiments were right, really thank you for the info
But, why not taking the same positions but decreasing the TP? I mean, instead of 4:1 or 3:1, maybe a 2:1 in the same entries? Or even better, 2 positions, 1:1 and the second half 3:1 or stuff like that. Those are the next experiments I'll run and let's see what happens :D
I like your thinking, sounds like me. Maybe 2 positions, one of which you close at half your tp and then let the other run. Or close one at Tp and let the other run and move the SL to BE etc.
I always takr 2 position, I close half when it reaches 1x, the second one I close it at 2x. If we sum both profit it will give 1.5x my risk
Moving to the weekly’s would help. Also check the 43 EMA vs 200-220ish SMA.
There's also a phenomena where if it's been bullish for 6 months it's almost guaranteed to be bullish for the next 6 months. I forgot where I saw it sorry for lack of sources.. That's why higher time frames are stronger.
@@terran236 the Weinstein and Minervini books won’t trade up if SMA req. are not met.
As a beginner trader with a small account andover 100 trades executed, the majority win s for long entries came from using major support levels , which is determined by using volume profiling on higher time frames usually on daily and weekly. I recommed Traders should be looking for multiple concepts of convergence and not relying on one single indicator for entry
key levels in a buyers market is the most successful and profitable strat...
You need at least 1000 trades to get some idea if it's working or not. Variance in only 100 trades is too big.
Because you used the last movement to Vivaldi's Four Seasons to illustrate improper entry at the beginning, you have an instant subscriber, man. That piece is partially responsible for both my joy of life and interest in graphs and chart patterns
Thank you very much sir but how can I use this strategy on MT4 mobile android phone
what timeframe is best for MACD strategy?
Could you try backtesting different ema’s and different risk to reward for the macd strategy?
Exceptional video honestly this is gold
I miss this older voice. Having been here from almost the start, this voice is trading view to me.
Regardless, love ur work. Much love.
If you want to survive, stick with your trading plan and find those set-ups that at least have 1:3 RR.
Problem with this video is market is run by 90^ algos. Retail investors that are represented in the video only.make up the remaining 10% and are along for the ride. Yes you need to research your entry/exit but retail is mainly along for the ride
You don't buy just because price is at 200MA. There's other things that needs to happen, not necessarily macd cross over.
The way the initial move is set to music is hilarious! 🤣
The entry candle that you have shown here was not for buy long , it was clearly for shorting. Lack of experience & knowledge can burn your account
Straight risk to reward trades are account killers.
I never take a trade without putting a trailing stop on it.
I don't set a specific single TP.
I make sure i can't lose $ in a hurry if i am right. Not hard to do.
Initially you should have this in mind and plenty of reward with little risk though imo or you’re screwed. I agree with you though. I think there’s market generated data coming in all the time that may influence a day trade so I’m monitoring and adjusting as well. No robot will ever match the skilled discretionary trader
do you narrate for movie recaps to?
Also a key point in Intraday is that in order to make 100$ you need to bet a 10000$. The opposite is impossible.
Or you can buy before all those events happen, making calculated setups using highend mathematics so that you never have to set a stop loss or take slippage....getting about 120%+ apy.
Daytraders are funny.
any resources you recommend for that type of trading? always down to learn something new despite being a profitable day trader
@@ce8539 I'm the only one who teaches it, that I know of, for free. You can probably find me floating around r/options helping others out with their trades.
@@sabriath what’s your handle over there?
can you make a video about moving stoploss to breakeven after hitting 1R
I'm going to test the MACD strategy on the 1.5:1 ratio with a pullbackSL, but also if it goes 50% to the SL, then I'll double down, but also adjust my ratio so it's not 4:1 and make it back to 1.5:1, but now I'll have double the shares.
Would reducing reward/risk ratio be better? E.g. 1.3.
Omg I love this 😆😆 did you use the rocks voice 😎🙌
Can you do a 100 trades video for delta cumulative divergence??
Love this channel!
Great choice of music!
This is some top shelf stuff.
where you trade? and how do i add macd on mt4
This is the absolute game changer ... Don't be the first to enter the market when the obvious signal showed up.
I do value investing only since 2013.
My CAGR is over 27%.
Making money with Complete peace of mind.
A trader who doesn't use
stop loss is not a trader. Besides your reference time is covid exception. Only thing i can agree on is entry after move confirmation
This is cool! Thank you for your great idea. I will use this to develop my forex robot trade.
Feels, good having you back 😊
Turnup 👆👆 for more guide and enlightenment ☎️
This is why i need time machine, i wanna know "when", its all about "when".
I predicted right when it breaks wall then retouch it means it going to break through
These videos just get better and better
Take the hedge, trade on index and on options.Returns are decent and safe!!
today i took 16 jun series
buy pe 15850, sell 15900
sell ce 16000
nett gain +71
nifty below 15850 net gain on closing 21 Rs
nifty betwn 15900 to 16000- net gain 71 rs.Invst on sharekhan with margin..1.06 lakhs
exit at 16071...
I love your videos man please keep up the content.
Also could you do 100 trades with the RSI+ STOCASTIC+200EMA
Now imagine if the guy would have bought at support and put a stop loss at say 10% below! The most important thing about trading is risk management! Many times things bounce at support many times they don't but with a good stop loss and place you can manage how much you lose! Unfortunately it's very easy to have that stop loss kick in and then say okay it went down enough now and buy back in only to be stopped out again and say okay well it's got to be at the bottom now and have that happen over and over😭
and what timeframe did he use for the test? why is he hiding it?
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...
You have to have an idea on what you wanna invest in carefully before going in.
@Michael, You make it seem unreal to make up to that as a passive income annually,when it’s clearly possible. I have made over 1Hunnid thousand dollars from January till now with no joke game plan. She’s a masterpiece and her name is Christiana.😁
Kindly reach her thru Telgram page with
TRADEWITHCHRISTIANA is the name
This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,
I found it really funny that the example was the market crash in 2020 and I knew what it was just by looking at it.
Beautifully made 👌👌👌
Exceptional work 💯💯👍
Sir, In option day trading how can I trade.
Yeah, dollar cost averaging isn't an option. What is dollar cost averaging anyways? Dollar cost what? Never heard of it.
00:37 this is what happens to me everyday
Where can i learn the pullback SL 1.5.:1?
*Trading Rush*
WOAAWHH!! GOOSEBUMPS!! ❤️❤️❤️☝️☝️☝️ thank you, you made this channel!!
Somebody will win, somebody will lose. If you in correct side, you will make profit....
Why would you long from resistance Bill?
Feels, good having you back 😊
Turnup 👆👆 for more guide and enlightenment ☎️
Price moves the indicators not the other way around.
You should do a video on the awesome indicator "Willy by Coinsidering" please!
I can't handle trading anymore 😪 It's too hard bro -$ 😫
Let's talk have something bigger to introduce.☝️
The 1st play was a perfect short!
must say the more i know about trading the less i make. lol My first 5 weeks i turned 5000 into 40.000 ...after that more losses
What tool do you use for your text to speech? It sounds really good, almost lifelike.
Trading is easy it just takes years to find out why.
Everything is easy and everything is difficult depending how you understand it
Don’t confuse luck with skill. I know it’s difficult to admit.
please make a video about smart money concept?
If only the backtesting tool
could work on SPX options butterfly spread strategies with ITM settlement on expiry 🤔