Price Action Trading Explained » Learn To Trade The Market

Price Action Trading- The Greatest System.

When I first started trading, I used to add all indicators on my chart. MACD, RSI, super trend, ATR, ichimoku cloud, Bollinger Bands, everything!
My chart was pretty messy. I understood nothing and my analysis was pretty much just a gamble.
Nothing worked.
DISCLOSURE- I've written this article on another sub reddit, if you've already read it, you make skip this one and come back tomorrow.
Then I learned price action trading. And things started to change. It seemed difficult and unreliable at first.
There's a saying in my country. "Bhav Bhagwan Che" it means "Price Is GOD".
That holds true in the market.
Amos Every indicator you see is based on price. RSI uses open/close price and so does moving average. MACD uses price.
Price is what matters the most.
Everything depends on the price, and then the indicators send a signal.
Price Action trading is trading based on Candlestick patterns and support and resistance. You don't use any indicators (SMA sometimes), use plot trend lines and support and resistance zones, maybe Fibs or Pivot points.
It is not 100% successful, but the win rate is quite high if you know how to analyse it correctly.
How To Learn Price Action Trading?
YouTube channels- 1. Trading with Rayner Teo. 2. Adam Khoo. 3. The Chart Guys. 4. The Trading Channel (and some other channels including regional ones).
Books- 1. Technical Analysis Explained. 2. The trader's book of volume. 3. Trading price action trends. 4. Trading price action reversals. 5. Trading price actions ranges. 6. Naked forex. 7. Technical analysis of the financial markets.
I think this is enough information to help you get started.
Price Action trading includes a few parts.
  1. Candlestick patterns You'll have to be able to spot a bullish engulfing or a bearish engulfing pattern. Or a doji or a morning star.
  2. Chart Patterns. The flag, wedge, channels or triangles. These are often quite helpful in chart analysis without using indicators.
  3. Support or Resistance. I've seen people draw 15 lines of support and resistance, this just makes your chart messy and you don't know where the price will take a support.
You can also you the demand and supply zone concept if you're more comfortable with that.
  1. Volume. There's a quote "Boule precedes price". Volume analysis is a bit hard, but it's totally worth learning. Divergence is also a great concept.
  2. Multiple time frames. To confirm a trend or find the long term support or resistance, you can use a higher time frame. Plus, it is more reliable and divergence is way stronger on it.
You can conclude everything to make a powerful system. Like if there's a divergence (price up volume down) and there's a major resistance on some upper level and a double top is formed,
That's a very reliable strategy to go short. Combinations of various systems work very good imo.
Does this mean that indicators are useless?
No, I use moving averages and RSI quite frequently. Using price action and confirming it through indicators gives me a higher win rate.
"Bhav Bhagwan Che".
-Vikrant C.
submitted by Vikrantc2003 to Daytrading [link] [comments]

Guide to Stock Market (Trading in General) Mentoring/Mentorship Programs in the philippines

Hi, may nakikita akong questions about investing/trading and some about trading mentors/gurus societies etc.
This is my opinion depende na sa inyo kung susundin nyo.
ZFT - Zeefreaks tribe,
First, i do respect "Zee" as a trader,his "tribe" teaches or mentors their students using their system to become their own. Generally, Darvas Box, MAs 20 50 100 and RSI are their weapons but mainly its the Price Action and RSI ang parang laman talaga ng System nila and you can only get better through time as with other systems in general. I think they are good, but yun na nga, just good.
Problem:
They charge you with a hefty sum na i don't think na ma jujustify nila, because at the end of the day more or less its you ( along with practice) and your psychology that can help you along the way. Okay, may Trading psych coach daw sila , si Ma'am Celeste (Zee's Gf) pero overtime you will learn about yourself in the process naman.
Zee is justifying the hefty fee because sabi nya before if im not mistaken na the clients are not paying the mentoring alone pero along with it yung "CULTURE" ng ZFT. I say, bullshit. Di nga nya alam na may mga ZFT "mentors" na that are mentoring other people without his knowledge and charging them less but still a very hefty fee. hehe Akala nya wala na pero meron pa, magaling lang talaga magtago.

KIDLAT- hmm , same with ZFT since dun din naman sya nanggaling, Habits you know.

T3 ( The Tattooed Trader)- well, this guy is LEGIT. He trades international markets too not just PSEI. Reasonable Fee. Good guy,prangka din. He doesnt tolerate Bullshit. He wont try to impose his system sayo but instead encourages you to go with the process. That's it.

Gandah Koh ( Trader's Lounge) - He/She provides free content daw. Yes, FREE content pero at the same time sinasabi nya that he/she is just an average trader. Kicks people who patronizes paid mentorship / who belong sa paid mentorship or kahit magtanong ka man lang ng about paid mentorship rage mode na agad tapos kick na agad. Yung mga followers nya ayaw lang talaga gumastos to learn premium content. Biruin nyo? gusto maging free yung investa? lol.
Ironic, why? kasi sabi nya average trader lang daw sya but he/she shuts off people who would want to learn from those who are better than her. To all hehis followers, Eto po tanong ko.
  1. may member ba sa Trader's lounge na consistently profitable na? with rising equity curve?
  2. Do you think the best traders out there did not spend any cent to boost their career to the top?
Simple lang yan. isip isipin nyo. :D

BOH- Superb! yung mga quant models nila ay one of the best if not the best. Very technical and systematic yung BOH and their team ay may credentials to back it up. Yung Fee ay affordable, kayang kaya ng ordinary working people.
Oakbridge (DAVAO)- not much information about them kasi tahimik lang sila ,but what i know is that bigatin yung mentors dun but apart from that i don't know much kaya i can't say anything more.
Bigote (bigote trading financial advocacy) - Eto yung free content na LEGIT. One of the best people i know, he is a caylum trading institute alumni. Eto, you use his system plus master price action.
Open journal by Javi Medina, Matt flores, Ken Arcano - If you dig Elliot wave then they are the guys you want to learn from, the information they provide are all backtested, no guess works just pure juicy contents day in and day out.
Trivia:
They manage funds from various big time clients.
Tomatrader, Jet mojica(from BOH), Joanne (from investa), Bearyo ( from investa) and etc Joined Open Journal.
Javi Medina - ranked 1st the 2020 US investing competition, also he was an investacup champion.
Ken Arcano - top 5 in investacup.
Matt Flores- i dont know much about him though, silent kind of guy.
OJ's system can be used in trading crypto, Forex , commodities, US stocks and other indices.
Caylum Trading Institute - i think di na kailangan e describe pa yung caylum eh. *wink*

So there you go. It's your choice kung how you will take my opinion, you can bash me or what i really don't care. At the end of the day, choice nyo pa rin yon.
Kung ako lang, id go with
  1. Read the trading code by jason cam.
  2. Download any price action videos/books . Ex. Steve nison books
  3. Try out Bigote's framework or enroll with any one of those services , but i would recommend open journal, BOH, T3 or caylum. If you want ZFT or kidlat then go for it.

At the end of the day, stick with one system , be patient, dont shortcut the process, master one setup at a time and improve your trading psychology. I dont want to spread hate, just spitting out my opinion.
You can share this in fb, twitter or any socmed you like or not share this, do whatever you want.
That's all. Stay home to help the frontliners.
submitted by Bertochinaman123 to phinvest [link] [comments]

Price action strategies

Hi guys,
I've decided that I no longer want to trade with indicators as every time I put a system together, it fails when I forward test it. Because of this I want t try strictly price action trading. I've started by reading Naked Forex and a few strategies have caught my attention, specifically the kangaroo tail. I was wondering if anyone trades that system and if they had any resources they could share to help me develop it. I would also appreciate any other price action traders who could suggest viable strategies that I could research further.
Thanks for your help
submitted by ilovemooose to Forex [link] [comments]

Any Luck with Ninjascript?

Hey guys, A little about me - I've been writing algos on and off for about a year and a half now. I started with Quantopian way back using python to write stock algos, then realised I couldn't live trade with it, so that put me off that.
I then found MT4 and MetaEditor and the world of forex... I was immediately in love with the simplicity of the language (C#), but I ditched it because forex just felt impossible to code around with all the volatility and news based price action. (I'm sure there's exceptions to this - but does anyone have a similar experience with it?)
I finally landed on NinjaTrader and scalping futures, which is amazing and seems to fit way better.
I'm wondering if anyone has experiences with successful Ninjascript trading systems and what advice they have etc. I've written up a few, one with a 76% success rate over 50 days but I'm starting to see how commission and tax really can have an impact...I'd also like to know about the reliability of backtesting using the Strategy Analyser vs Market Replay...
Who's out there! :)
submitted by photoshoplad to algotrading [link] [comments]

I am a professional Day Trader working for a Prop Fund, Hope I can help people out and answer some questions

Howdy all, I work professionally for a proprietary trading fund, and have worked for quite a few in my time, hope I can offer some insights on trading etc you guys might have.
Bonus for you guys
Here are the columns in my trading journal and various explanations where appropriate:
Trade Number – Simply is this the first trade of the year? The 10th?, The 50th? I count a trade
that you opened and closed just one trade number. For example if you buy EUUSD today and
sell it 50 pips later in the day and close out the trade, then that is just one trade for recording
purposes. I do not create a second trade number to describe the exit. Both the entry and exit are
under the same trade number.


Ticket Number – This is ticket number / order ID number that your broker gives you for the trade
on your platform.


Day of the Week – This would be simply the day of the week the trade was initiated


Financial Instrument / Currency Pair – Whatever Financial Instrument or currency pair you are
trading. If you are trading EUUSD, put EUUSD. If you are trading the EuroFX futures
contract, then put in Euro FX. If you are trading the emini S&P, then put in Emini S&P 500. If
you are trading a stock, put in the ticker symbol. Etc.


Buy/Sell or Long/Short – Did you buy or sell to open the new trade? If you bought something to
open the trade, then write in either BUY or LONG. If you sold(shorted) something to open a
trade, then write in SOLD, or SHORT. This is a personal preference. Some people like to put in
their journals as BUY/SELL. Other people like to write in Long/Short. My preference is for
writing in long/short, since that is the more professional way to say it. I like to use the lingo
where possible.


Order Type – Market or Limit – When you entered the trade was it a market order or limit order?
Some people can enter a trade using a combination of market and limit orders. If you enter a
trade for $1 million half of which was market order and the other half was limit order, then you
can write in $500,000 Market, $500,000 Limit as a bullet points.


Position Size / Units / Contracts / Shares – How big was the total trade you entered? If you
bought 1 standard lot of a currency pair, then write in $100,000 or 1 standard lot. If you bought 5
gold futures contracts, then write in 5 contracts. If you bought 1,000 shares of stock, then write
in 1,000 shares. Etc.


Entry Price – The entry price you received entering your opening position. If you entered at
multiple prices, then you can either write in all the different fills you got, or specify the average
price received.


Entry Date – Date that you entered the position. For example January 23, 2012. Or you can
write in 1/23/12

.
Entry Time – Time that you opened the position. If it is multiple positions, then you can specify
each time for each various fill, or you can specify the time range. For example if you got
$100,000 worth of EUUSD filled at 3:00 AM EST, and another $100,000 filled at 3:05 and
another $100,000 filled at 3:25, then you can write all those in, or you can specify a range of 3:00
– 3:30 AM EST.


Entry Spread Cost (in pips) – This is optional if you want to keep track of your spread cost in
pips. If you executed a market order, how many pips did you pay in spread.


Entry Spread Cost (in dollars) – This is optional if you want to keep track of your spread cost in
dollars. If you executed a market order, how many dollars did you pay in spread.


Stop Loss Size – How big is your stop loss size? If you are trading a currency pair, then you
write in the pips. If you are trading the S&P futures contract, then write in the number of points.
If you are trading a stock, then write in how many cents or dollars your stop is away from your
entry price.


% Risk – If you were to get stopped out of the trade, how much % loss of your equity is that?
This is where you input your risk per trade expressed in % terms if you use such a position sizing
method. If you risked 0.50% of your account on the trade, then put in 0.50%


Risk in dollars – If you were to get stopped out of the trade, how much loss in dollars is that. For
example if you have a $100,000 account and you risked 1% on a trade, then write in $1,000
dollars


Potential Reward: Risk Ratio – This is a column that I only sometimes fill in. You write in what
the potential reward risk ratio of the trade is. If you are trading using a 100 pip stop and you
expect that the market can reasonably move 300 pips, then you can write in 3:1. Of course this is
an interesting column because you can look at it after the trade is finished and see how close you
were or how far removed from reality your initial projections were.


Potential Win Rate – This is another column that I only sometimes fill in. You write in what you
believe the potential win rate of this trade is. If you were to place this trade 10 times in a row,
how many times do you think you would win? I write it in as percentage terms. If you believe
the trade has a 50% chance to win, then write in 50%.


Type of Inefficiency – This is where you write in what type of inefficiency you are looking to
capture. I use the word inefficiency here. I believe it is important to think of trading setups as
inefficiencies. If you think in terms of inefficiencies, then you will think in terms of the market
being mispriced, then you will think about the reasons why the market is mispriced and why such
market expectations for example are out of alignment with reality. In this category I could write
in different types of trades such as fading the stops, different types of news trades, expecting
stops to get tripped, betting on sentiment intensifying, betting on sentiment reversing, etc. I do
not write in all the reasons why I took the trade in this column. I do that in another column. This
column is just to broadly define what type of inefficiency you are looking to capture.


Chart Time Frame – I do not use this since all my order flow based trades have nothing to do
with what chart time frame I look at. However, if you are a chartist or price action trader, then
you may want to include what chart time frame you found whatever pattern you were looking at.


Exit Price – When you exit your trade, you enter the price you received here.


Exit Date – The date you exited your trade.


Exit Time – The time you exited your trade.


Trade Duration – In hours, minutes, days or weeks. If the trade lasts less than an hour, I will
usually write in the duration in minutes. Anything in between 1 and 48 hours, I write in the hours
amount. Anything past that and I write it as days or weeks as appropriate, etc.
Pips the trade went against you before turning into a winner – If you have a trade that suffered a
draw down, but did not stop you out and eventually was a winner, then you write it how many
pips the trade went against you before it turned into a profitable trade. The reason you have this
column is to compare it to your stop loss size and see any patterns that emerge. If you notice that
a lot of your winning trades suffer a big draw down and get near your stop loss points but turn out
to be a profitable trade, then you can further refine your entry strategy to get in a better price.


Slippage on the Exit – If you get stopped out for a loss, then you write in how many pips you
suffered as slippage, if any. For example if you are long EUUSD at 1.2500 and have your stop
loss at 1.2400 and the market drops and you get filled at 1.2398, then you would write in -2 pips
slippage. In other words you lost 2 pips as slippage. This is important for a few different
reasons. Firstly, you want to see if the places you put your stop at suffer from slippage. If they
do, perhaps you can get better stop loss placement, or use it as useful information to find new
inefficiencies. Secondly, you want to see how much slippage your broker is giving you. If you
are trading the same system with different brokers, then you can record the slippage from each
one and see which has the lowest slippage so you can choose them.


Profit/Loss -You write in the profit and/or loss in pips, cents, points, etc as appropriate. If you
bought EUUSD at 1.2500 and sell it at 1.2550, you made 50 pips, so write in +50 pips. If you
bought a stock at $50 and you sell it at $60, then write in +$10. If you buy the S&P futures at
1,250 and sell them at 1,275, then write in +25 points. If you buy the GBP/USD at 1.5000 and
you sell it at 1.4900, then write in -100 pips. Etc. I color code the box background to green for
profit and red for loss.


Profit/Loss In Dollars – You write the profit and/or loss in dollars (or euros, or jpy, etc whatever
currency your account is denominated in). If you are long $100,000 of EUUSD at 1.2500 and
sell it at 1.2600, then write in +$1,000. If you are short $100,000 GBP/USD at 1.5900 and it
rises to 1.6000 and you cover, then write in -$1,000. I color code the box background to green
for profit and red for loss.


Profit/Loss as % of your account – Write in the profit and/or loss as % of your account. If a trade
made you 2% of your account, then write in +2%. If a trade lost 0.50%, then write in -0.50%. I
color code the box background to green for profit and red for loss.


Reward:Risk Ratio or R multiple: If the trade is a profit, then write in how many times your risk
did it pay off. If you risked 0.50% and you made 1.00%, then write in +2R or 2:1 or 2.0. If you
risked 0.50% and a trade only makes 0.10%, then write in +0.20R or 0.2:1 or 0.2. If a trade went
for a loss that is equal to or less than what you risked, then I do not write in anything. If the loss
is greater than the amount you risked, then I do write it in this column. For example lets say you
risk 0.50% on a stock, but overnight the market gaps and you lose 1.50% on a trade, then I would
write it in as a -3R.


What Type of trading loss if the trade lost money? – This is where I describe in very general
terms a trade if it lost money. For example, if I lost money on a trade and the reason was because
I was buying in a market that was making fresh lows, but after I bought the market kept on going
lower, then I would write in: “trying to pick a bottom.” If I tried shorting into a rising uptrend
and I take a loss, then I describe it as “trying to pick a top.” If I am buying in an uptrend and buy
on a retracement, but the market makes a deeper retracement or trend change, then I write in
“tried to buy a ret.” And so on and so forth. In very general terms I describe it. The various
ways I use are:
• Trying to pick a bottom
• Trying to pick a top
• Shorting a bottom
• Buying a top
• Shorting a ret and failed
• Wrongly predicted news
• Bought a ret and failed
• Fade a resistance level
• Buy a support level
• Tried to buy a breakout higher
• Tried to short a breakout lower
I find this category very interesting and important because when performing trade journal
analysis, you can notice trends when you have winners or losing trades. For example if I notice a
string of losing trades and I notice that all of them occur in the same market, and all of them have
as a reason: “tried to pick a bottom”, then I know I was dumb for trying to pick a bottom five
times in a row. I was fighting the macro order flow and it was dumb. Or if I notice a string of
losers and see that I tried to buy a breakout and it failed five times in a row, but notice that the
market continued to go higher after I was stopped out, then I realize that I was correct in the
move, but I just applied the wrong entry strategy. I should have bought a retracement, instead of
trying to buy a fresh breakout.


That Day’s Weaknesses (If any) – This is where I write in if there were any weaknesses or
distractions on the day I placed the trade. For example if you are dead tired and place a trade,
then write in that you were very tired. Or if you place a trade when there were five people
coming and out of your trading office or room in your house, then write that in. If you placed the
trade when the fire alarm was going off then write that in. Or if you place a trade without having
done your daily habits, then write that in. Etc. Whatever you believe was a possible weakness
that threw you off your game.


That Day’s Strengths (If any) – Here you can write in what strengths you had during the day you
placed your trade. If you had complete peace and quiet, write that in. If you completed all your
daily habits, then write that in. Etc. Whatever you believe was a possible strength during the
day.


How many Open Positions Total (including the one you just placed) – How many open trades do
you have after placing this one? If you have zero open trades and you just placed one, then the
total number of open positions would be one, so write in “1.” If you have on three open trades,
and you are placing a new current one, then the total number of open positions would be four, so
write in “4.” The reason you have this column in your trading journal is so that you can notice
trends in winning and losing streaks. Do a lot of your losing streaks happen when you have on a
lot of open positions at the same time? Do you have a winning streak when the number of open
positions is kept low? Or can you handle a lot of open positions at the same time?


Exit Spread Cost (in pips) – This is optional if you want to keep track of your spread cost in pips.
If you executed a market order, how many pips did you pay in spread.


Exit Spread Cost (in dollars) – This is optional if you want to keep track of your spread cost in
dollars. If you executed a market order, how many dollars did you pay in spread.


Total Spread Cost (in pips) – You write in the total spread cost of the entry and exit in pips.


Total Spread Cost (in dollars) – You write in the total spread cost of the entry and exit in dollars.


Commission Cost – Here you write in the total commission cost that you incurred for getting in
and out of the trade. If you have a forex broker that is commission free and only gets
compensated through the spread, then you do not need this column.


Starting Balance – The starting account balance that you had prior to the placing of the trade


Interest/swap – If you hold forex currency pairs past the rollover, then you either get interest or
need to pay out interest depending on the rollover rates. Or if you bought a stock and got a
dividend then write that in. Or if you shorted a stock and you had to pay a dividend, then write
that in.


Ending Balance – The ending balance of your account after the trade is closed after taking into
account trade P&L, commission cost, and interest/swap.


Reasons for taking the trade – Here is where you go into much more detail about why you placed
the trade. Write out your thinking. Instead of writing a paragraph or two describing my thinking
behind the trade, I condense the reasons down into bullet points. It can be anywhere from 1-10
bullet points.


What I Learned – No matter if the trade is a win or loss, write down what you believed you
learned. Again, instead of writing out a paragraph or two, I condense it down into bullet points. it
can be anywhere from 1-10 bullet points. I do this during the day the trade closed as a profit or
loss.


What I learned after Long Term reflection, several days, weeks, or months – This is the very
interesting column. This is important because after you have a winning or losing trade, you will
not always know the true reasons why it happened. You have your immediate theories and
reasons which you include in the previous column. However, there are times when after several
days, weeks, or months, you find the true reason and proper market belief about why your trade
succeeded or failed. It can take a few days or weeks or months to reach that “aha” moment. I am
not saying that I am thinking about trades I placed ten months ago. I try to forget about them and
focus on the present moment. However, there will be trades where you have these nagging
questions about they failed or succeeded and you will only discover those reasons several days,
weeks, or months later. When you discover the reasons, you write them in this column.
submitted by Fox-The-Wise to Forex [link] [comments]

Wayland Group DD

I want to use this thread to present the key findings of going through recent Wayland news releases. Everything shown here is public accessible. I have no intention to accuse someone of fraud or something like this, just asking questions ....

Feb 20 2019: Wayland Group Provides Corporate Update
I do not want to speak about the well below average generated revenues nor the revenue forecasts. Just as a side note: Ben had a forecast of ~ $15,000,000 for Q4 2018 (October – December 2018). The corporate update states $1,305,033 for Q4 2018 (< 10 percentage of the forecast). In addition, you cannot whitewash the 480% increase to the previous quarter.

“Wayland has also entered into an agreement to obtain additional funds to support the expansion of the Company’s global footprint and fund development of its flagship Langton facility. This agreement is with certain investment funds managed by Alpha Blue Ocean Inc. (“Alpha Blue”) a money manager based in London, United Kingdom with a strong track record of partnering with public companies and delivering meaningful value to their shareholders.”

Founder and CEO of Alpha Blue Ocean Inc. is Pierre Vannineuse (https://www.linkedin.com/in/piervan/)

Ok let’s have a look at their strong track record:

JUN 21 2018
QuickCool AB (Publ) ("QuickCool" or the "Company") has entered into a financing agreement with European High Growth Opportunities Securitization Fund through its financial advisor Alpha Blue Ocean Inc.
See: http://news.cision.com/quickcool/quickcool-ab-enters-into-a-financing-agreement-with-european-high-growth-opportunities-securitizatio,c2554476

See performance since financing: https://i.imgur.com/j7HxzPk.png

Okay next
MAR 28 2018: CybAero and European High Growth Opportunities Securitization Fund (“EHGO”), advised by Alpha Blue Ocean Advisors Ltd, member of the Alpha Blue Ocean Investment Group (“ABO”), has now signed an agreement regarding a financing solution of up to SEK 52.5 million in the form of thirteen convertible loans, the first loan of SEK 4.5 million and the following twelve loans each of SEK 4 million.
See: http://news.cision.com/cybaero/cybaero-signs-agreement-with-alpha-blue-ocean-for-up-to-sek-52-5-million,c2483046

Seriously? Just 3 months later:
June 22 2018: Sweden’s largest military drone maker files for bankruptcy
“CybAero had provisionally negotiated a financing solution with the Luxembourg-based European High Growth Opportunities Securitization Fund, or EHGO, to raise $6 million in the form of 13 convertible loans. The EHGO had hired the London-based Alpha Blue Ocean Advisors to mediate a deal. The first tranche in this solution involved a bridge loan amounting to $227,000.
Nasdaq First North rejected this first tranche arrangement and insisted that, in order for trading in its share to resume, CybAero needed to place a minimum of $114,000 in escrow on a authorized bank account. Moreover, Nasdaq First North launched an investigation to determine if the negotiated financing solution violated stock exchange rules.”
See: https://www.defensenews.com/newsletters/unmanned-systems/2018/06/22/swedens-largest-military-drone-maker-files-for-bankruptcy/

Also see: https://simplywall.st/stocks/se/capital-goods/sto-cba/cybaero-shares/news/will-you-be-burnt-by-cybaero-abs-stocba-cash-burn/

Okay next
Feb 20 2018: MOLOGEN AG enters into financing agreement with Alpha Blue Ocean's European High Growth Opportunities Securitization Fund
See: https://www.dgap.de/dgap/News/corporate/mologen-enters-into-financing-agreement-with-alpha-blue-oceans-european-high-growth-opportunities-securitization-fund/?newsID=1053753

See performance since financing: https://i.imgur.com/JXVJ7yq.png

Okay next
19 March 2018: Cereno Scientific enters into a financing agreement with European High Growth Opportunities Securitization Fund through its advisor Alpha Blue Ocean
See: https://www.cerenoscientific.se/en/en/ehgo_agreement

See performance since financing: https://i.imgur.com/CS7rq5y.png

Okay next
10 Jan 2018: FIT Biotech's EUR 10 million financing agreements' share loan and first part of commitment fee related shares have been handed over today to Alpha Blue Ocean
See: https://www.pm360online.com/fit-biotech-oy-fit-biotechs-eur-10-million-financing-agreements-share-loan-and-first-part-of-commitment-fee-related-shares-have-been-handed-over-today-to-alpha-blue-ocean/

See performance since financing: https://i.imgur.com/N0XhSQp.png

FIT Biotech Oy Company release 20.02.2019 at 14:30 EET
Liquidity crisis, request for a tranche and changes to financial calendar and date of the Annual General Meeting
Despite the financing agreement in force, Alpha Blue Ocean (”ABO”) has not paid tranches envisaged by the agreement since 12 November 2018. This has resulted in a liquidity crisis in FIT Biotech Oy (”Company”). The Company has today filed a latest request for a tranche with ABO. Unless ABO pays this tranche by 22 February 2019, Company will have to file for bankruptcy.
See: https://www.marketscreener.com/FIT-BIOTECH-OY-22752983/news/FIT-Biotech-Oy-Liquidity-crisis-request-for-a-tranche-and-changes-to-financial-calendar-and-date-o-28037452/

I think you are able to recognize the pattern. However the best is yet to come. Just google “alpha blue ocean death spiral”. Same type of financing for Element ASA – a Norwegian based mining company.

“The Induct Manager will demand a million dollar compensation from the "Death Spiral Mortgage Company" Alpha Blue Ocean Stock Exchange and Finance”
See: https://vaaju.com/norway/the-induct-manager-will-demand-a-million-dollar-compensation-from-the-death-spiral-mortgage-company-alpha-blue-ocean-stock-exchange-and-finance/

Why Would a Company Want Death Spiral Financing?
“A company that seeks death spiral financing basically has no other option to raise money to survive.”
See: https://www.investopedia.com/terms/d/deathspiral.asp

See also:


Biotech Firms Run Away After Industry Party With Topless Dancers
See: https://www.bloombergquint.com/business/after-biotech-party-features-topless-dancers-firms-pull-support#gs.RO9Bf8oK

https://i.imgur.com/oQ4n3TC.png
Haha … Sean?

Also have a look after Pierre Vannineuse other investing company Bracknor IG. I did not check, but it possibly has a similar track record.

I could go on like this, but I think you got it. So this means “strong track record and delivering meaningful value to their shareholders.” for Ben?

Next news release:
Feb. 07, 2019: Wayland Group Receives EU-GMP Certification for German Facility
“Wayland Group is pleased to announce that it has received both Good Manufacturing Practices and Good Distribution Practices certifications from the national authority in the State of Saxony for the Company’s Ebersbach facility in Germany.”
See: https://globenewswire.com/news-release/2019/02/07/1711837/0/en/Wayland-Group-Receives-EU-GMP-Certification-for-German-Facility.html

Welcome to EudraGMDP
EudraGMDP is the name for the Union database referred to in article 111(6) of Directive 2001/83/EC and article 80(6) of Directive 2001/82/EC. It contains the following information:
· Manufacturing and import authorisations
· Good Manufacturing Practice (GMP) certificates.
· Statements of non-compliance with GMP
· GMP inspection planning in third countries
See: http://eudragmdp.ema.europa.eu/inspections/displayWelcome.do

https://i.imgur.com/W2zdxqH.png

Looks promising

https://i.imgur.com/c6yVRxu.png

SCOPE OF AUTHORISATION
Name and address of the site : Maricann GmbH, Moritzburger Weg 1, Ebersbach OT Naunhof, Sachsen, 01561, Germany
Human Medicinal Products
Authorised Operations
IMPORTATION OF MEDICINAL PRODUCTS (according to part 2)
Part 2 - IMPORTATION OF MEDICINAL PRODUCTS
2.3 Other importation activities
2.3.1 Site of physical importation
2.3.2 Importation of intermediate which undergoes further processing

But where is the GMP certificate? Latest GMP certificates for Germany:

https://i.imgur.com/bZxouN0.png
https://i.imgur.com/ZOlvlwo.png

Just for their facility in Canada. Maybe the missing of the announced GMP certificate is because of the german tender process. Maybe not, who knows …

“These certifications provide Wayland with the foundation to start selling product into the lucrative German and other developing European markets …”

Oh really? Not in my view …

Next news release:
Jan. 31, 2019: Wayland Group Comments on Recent Promotional Market Activity

“Since September 1, 2017 the Company has engaged MJM Markets and Consulting (Toronto, Canada; Follow The Money Investor Group, o/a 2632436 Ontario Limited (Toronto, Canada); Harbor Access LLC (NY, USA); Investing News Network; M. Davis & Associates Capital Inc (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada); DiePRBerator (Germany); Global Financial Network (Toronto, Canada), and Prosdocimi (London, UK) at various times to provide investor relations services, public relations services, marketing, native advertising or other related services including the promotion of the Company, its business and/or its securities.”

See: https://globenewswire.com/news-release/2019/01/31/1708838/0/en/Wayland-Group-Comments-on-Recent-Promotional-Market-Activity.html

Really? What is your business model @ Wayland?!

Just to give you one example:

BlackX GmbH received 1,300,000 shares (each $1.50 = $1,950,000) for the creation/translation of pump articles. See: https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_of_Securities_BlackX_12Nov2018.pdf?4gdPoHHl03IN_5qafloB2.0FP4zHeqYb=

For what exactly? Example:
https://www.dgap.de/dgap/News/dgap_media/maricann-group-inc-mit-volldampf-die-zukunft-ceo-ben-ward-gibt-ausblick-ueber-hervorragende-entwicklung-der-wayland-group/?newsID=1110809

A template lacking in content with share price predictions of 3 to 5 Euro (4.5 – 7.5 CAD).

Next news release:
Jan 30 2019: Wayland Group Corporation: European Cannabis Giant Wayland is said to be in advanced talks to purchase and re-open the Voss Water bottling plant in Norway
See: https://www.ftmig.com/company-news-releases/european-cannabis-giant-wayland-is-said-to-be-in-advanced-talks-to-purchase-and-re-open-the-voss-water-bottling-plant-in-norway/

The not named London based Norwegian investor in the last paragraph is probably Lars Christian Beitnes (also mentioned in the second paragraph). After reading his name in a Wayland press release again, I got excited. Again? Yes, I have done some DD about Beitnes when Wayland announced the first Malta LOI with Medican Holdings (USD$10.1MM for a recently created shell company in Malta) - see: https://www.newcannabisventures.com/maricann-to-pay-10-million-to-acquire-malta-licensed-cannabis-producer-medican-holdings/

I was glad when Malta Enterprise terminated this LOI “Malta Enterprise then contacted Maricann to request the Company make its own application, as their preference was to work through Maricann rather than Medican.“ – see: https://www.newcannabisventures.com/maricann-to-pursue-malta-medical-cannabis-license-independently/

Why am I shocked to see the name Beitnes and Wayland in a press release?
In my view Beitnes is far away from being a person you should do deals with. He is being accused to be part of several frauds/scams in the past/present and recently left as a Chairmen of Element ASA – see: https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862

Element ASA … wait … yea the norwegian based mining company who is the victim of the death spiral financing by Alpha Blue Ocean Inc.!!!

There is a long thread about him in a Norwegian stock community with everything mentioned why you should avoid him – see: https://forum.hegnar.no/thread/16282/view/0/0?page=1

Because of the length of the thread, see some highlights:

I know this is much content, but if you want to make your own picture of Beitnes just dig into this whole Element ASA debacle starting last year. Two auditors (EY & PwC) and the CFO left Element … Then Beitnes left as Chairmen but now serving as external consultant for Element receiving 100.000 NOK monthly. https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862 would be a good start. Or dig deeper into the Swedish Pensions Authority lawsuit against Beitnes.

Finally … just ask yourself why does Ben deals with such shady persons? Did Ben no DD on those guys or did he not want to … And that is just the top of the iceberg.


TO BE CONTINUED
submitted by PHan222 to weedstocks [link] [comments]

My Forex Story

Hello amazing forex community, a quick brief introduction about me. I'm 19 and I've been learning about the forex market for about 3 years now. been pretty consistent the past 8 months as I've found my strategy and way of thinking after many many many hours and countless nights of research backtesting etc. Went through the whole phases of looking for those magical indicators, systems etc, following signals providers and all of those fake ig guys. Finally learned proper trading mentality after reading trading in the zone and after I lost 2.5k in just one day losing 30%ish of my account just hoping it would turn( but we've all bee there lol). Or seeing 1.5k profit turn to 300 because I was money hungry. like they say price action is the best and primarily trade naked charts now with support and resistance levels. and I have my trading plan and trade management. I've mentored a buddy of mine for the past 6 months and he's about ready to go live. I took this semester off college to focus on trading full time. primarily focus on the daily charts and look at 4hr and 1hr for entries when approaching a zone

submitted by 19ForexPlayer to Forex [link] [comments]

Genesis Vision - Development Progress Mega TL;DR

Genesis Vision - TL;DR
As usual I post this every few months or so after a significant update, to inform both old & new investors
Best places to stay up to date:
Upcoming developments:
Not developments as such, but we can also expect:
2019 Progress:
  • Fund reallocation history added
  • Manager financial statistics page added
  • Additional period history tab added
  • Ability to change brokers
  • Most of the terms on the platform will now display definitions when you hover your mouse cursor over them.
  • In the “Trades” tab on a page of a program, you can now export trading data for the selected period to Excel
  • You can now filter GV Funds by assets
  • When an investor creates a withdrawal request from an investment program, it automatically cancels the previous one.
  • Investors can now select an option to “Withdraw all”
  • Managers now have a separate “Program settings” section
  • The design of the “Program” page was updated and given a facelift. The new version now shows the program’s broker of choice, leverage, duration of the reporting period and more.
  • Addition of program ages to dashboard
  • Managers can now attach social network profiles to their accounts
  • Level/investment calculator
  • Complete revamp of the leveling system
  • First token burn - 1872 GVT / $5821.5 burnt
  • Copytrading & Signals released
  • Integration with Exante - Now full access to over 10,000 additional assets
  • Full integration with Huobi where traders can manage funds through the native Huobi UI
  • Adding new token listings on Huobi & Binance as soon as possible to GV Funds & Programs
  • Risk tags (high/medium/low) added to manager profiles
  • Added ability to hide closed programs in personal dashboard
  • Added open positions into the balance. So you can watch the performance of a program through both its closed and open positions
  • Added visibility to closed programs. So you can now see every program that was opened and managed by a manager
  • Additional tokens already added to GV Funds
  • QUARTERLY GV TOKEN BURN - Starting June 30th 2019
  • Roboforex Integration
  • Ability to short on the platform (via RoboForex)
  • Chain Plus conference in Seoul Korea
  • Genesis Markets & all of its materials translated into Chinese
  • Huobi/Genesis Markets bridge complete
  • Copytrading features
  • Signals w/subscriptions
  • Multicurrency wallet
  • Stop Outs
  • Platform Tags
  • Platform model change (less selling pressure on the GVT token)
  • Additional discounts both for copy trading and investment programs for HODLing GVT
2018 Progress:
  • Metatrader integration
  • Genesis Vision Alpha Version
  • IPFS Integration
  • Numerous trading competitions
  • Launch of Genesis Markets
  • Launch of the iOS & Android Genesis Vision apps
  • Live Platform Launch ~ 30th October
  • Completely overhauled UI/UX for iOS, Android, Investors & Manager portals
  • Fresh website for GV & GM
  • Finance Magnates London Summit
  • Sofia Investor Finance Forum
  • Huobi prestige Investors Fireside Dialogue (speakers)
  • Launch of Genesis Vision Funds
  • Removal of entry fees for level 1 & 2 managers
  • New leveling system -> https://blog.genesis.vision/do-your-level-best-7dc47d16b44e
  • Forex trading went live -> https://blog.genesis.vision/its-forex-time-89a72c7f5fac
In the works for the future (some speculation)
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Exploring the possibility of using Binance Chain
  • Genesis Vision DEX
  • Genesis Vision Network -> https://blog.genesis.vision/genesis-vision-network-10bf3e749688
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
  • I personally believe we will see GVT listed on some exchanges in 2019
Current Partnerships/Integrations:
Platform statistics
  • Follow @GVTProgressBot on Twitter for updates every 24 hours
The team posted their results for Q1 2019 profits in this article:
Some more info on revenue:
Firstly, I am not part of the team, so any replies are just from research I have done into the project and available information:
1.) The team confirmed that there are 40 people working for Genesis Vision 25 are working in the office and 15 remotely. Jump in the TG if you would like to know more info or even talk to some of the other team members direct. Dmitry Nazarov = CEO, Ruslan Kamensky = Head of Development. (You can do your background research on these guys, they've got skills).
2.) Can't comment accurately on funds, because well, that's the teams business. Ofc a responsible investor should try and find out as much info as they can however.
  • The ICO raised -> $2,836,724 when ETH was around $250-$300 pre-bull run (you do the math).
  • The team/development tokens also amounted to 709,862 GVT/16% of the supply, these funds would/will have been used for development, these were locked for 1 year and released approx October 2018
3.) Sustainability is a big one. This is why I continue to follow GVT daily because I believe the Genesis Vision model is sustainable. See my previous post:
https://www.reddit.com/genesisvision/comments/9p80igenesis_vision_will_soon_become_a_self_sufficient/
TLDR - Here's how they will create revenue from the GV platform (taken from the whitepaper):
  • The project will receive profit from commissions on investment operations. Each investment will be charged 0.5%³ of the operation amount.
  • The project will also generate profit from managing its own fund and by investing it in successful managers of our platform.
  • Genesis Markets will create revenue from trading fees
Another thing to think about - The team have been extremely responsible with their funds. Zero funds have gone to waste and have been used in the most efficient way possible. One example (although a touchy subject) is marketing. The bottom line is marketing will ramp up when the project/platform has had more development (finishing integrating the brokers + additional features). The team have known that the correct time to market the platform is coming, just not yet... Obviously if they had 100's of millions from the ICO marketing would have been ongoing from Day 1. This is one example of being responsible with your investors/ICO funds.
If you would like some more information about the funds, the ICO etc. See these two links:
Bullish on GVT. You want reasons why im bullish? Re-read this post
submitted by elcryptonerd to genesisvision [link] [comments]

Genesis Vision - Development Progress TL;DR

Genesis Vision - TL;DR
As usual I post this every few months or so after a significant update, to inform both old & new investors
Best places to stay up to date:
Upcoming developments:
Not developments as such, but we can also expect:
2019 Progress:
  • Most of the terms on the platform will now display definitions when you hover your mouse cursor over them.
  • In the “Trades” tab on a page of a program, you can now export trading data for the selected period to Excel
  • You can now filter GV Funds by assets
  • When an investor creates a withdrawal request from an investment program, it automatically cancels the previous one.
  • Investors can now select an option to “Withdraw all”
  • Managers now have a separate “Program settings” section
  • The design of the “Program” page was updated and given a facelift. The new version now shows the program’s broker of choice, leverage, duration of the reporting period and more.
  • Addition of program ages to dashboard
  • Managers can now attach social network profiles to their accounts
  • Level/investment calculator
  • Complete revamp of the leveling system
  • First token burn - 1872 GVT / $5821.5 burnt
  • Copytrading & Signals released
  • Integration with Exante - Now full access to over 10,000 additional assets
  • Full integration with Huobi where traders can manage funds through the native Huobi UI
  • Adding new token listings on Huobi & Binance as soon as possible to GV Funds & Programs
  • Risk tags (high/medium/low) added to manager profiles
  • Added ability to hide closed programs in personal dashboard
  • Added open positions into the balance. So you can watch the performance of a program through both its closed and open positions
  • Added visibility to closed programs. So you can now see every program that was opened and managed by a manager
  • Additional tokens already added to GV Funds
  • QUARTERLY GV TOKEN BURN - Starting June 30th 2019
  • Roboforex Integration
  • Ability to short on the platform (via RoboForex)
  • Chain Plus conference in Seoul Korea
  • Genesis Markets & all of its materials translated into Chinese
  • Huobi/Genesis Markets bridge complete
  • Copytrading features
  • Signals w/subscriptions
  • Multicurrency wallet
  • Stop Outs
  • Platform Tags
  • Platform model change (less selling pressure on the GVT token)
  • Additional discounts both for copy trading and investment programs for HODLing GVT
2018 Progress:
  • Metatrader integration
  • Genesis Vision Alpha Version
  • IPFS Integration
  • Numerous trading competitions
  • Launch of Genesis Markets
  • Launch of the iOS & Android Genesis Vision apps
  • Live Platform Launch ~ 30th October
  • Completely overhauled UI/UX for iOS, Android, Investors & Manager portals
  • Fresh website for GV & GM
  • Finance Magnates London Summit
  • Sofia Investor Finance Forum
  • Huobi prestige Investors Fireside Dialogue (speakers)
  • Launch of Genesis Vision Funds
  • Removal of entry fees for level 1 & 2 managers
  • New leveling system -> https://blog.genesis.vision/do-your-level-best-7dc47d16b44e
  • Forex trading went live -> https://blog.genesis.vision/its-forex-time-89a72c7f5fac
In the works for the future (some speculation)
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Exploring the possibility of using Binance Chain
  • Genesis Vision DEX
  • Genesis Vision Network -> https://blog.genesis.vision/genesis-vision-network-10bf3e749688
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
  • I personally believe we will see GVT listed on some exchanges in 2019
Current Partnerships/Integrations:
Platform statistics
  • Follow @GVTProgressBot on Twitter for updates every 24 hours
The team posted their results for Q1 2019 profits in this article:
Some more info on revenue:
Firstly, I am not part of the team, so any replies are just from research I have done into the project and available information:
1.) The team confirmed that there are 40 people working for Genesis Vision 25 are working in the office and 15 remotely. Jump in the TG if you would like to know more info or even talk to some of the other team members direct. Dmitry Nazarov = CEO, Ruslan Kamensky = Head of Development. (You can do your background research on these guys, they've got skills).
2.) Can't comment accurately on funds, because well, that's the teams business. Ofc a responsible investor should try and find out as much info as they can however.
  • The ICO raised -> $2,836,724 when ETH was around $250-$300 pre-bull run (you do the math).
  • The team/development tokens also amounted to 709,862 GVT/16% of the supply, these funds would/will have been used for development, and remember GVT's ATH was $51 - So if they sold anywhere near this top then there's some hefty funds right there, albeit some are actual team tokens.
3.) Sustainability is a big one. This is why I continue to follow GVT daily because I believe the Genesis Vision model is sustainable. See my previous post:
https://www.reddit.com/genesisvision/comments/9p80igenesis_vision_will_soon_become_a_self_sufficient/
TLDR - Here's how they will create revenue from the GV platform (taken from the whitepaper):
  • The project will receive profit from commissions on investment operations. Each investment will be charged 0.5%³ of the operation amount.
  • The project will also generate profit from managing its own fund and by investing it in successful managers of our platform.
  • Genesis Markets will create revenue from trading fees
Another thing to think about - The team have been extremely responsible with their funds. Zero funds have gone to waste and have been used in the most efficient way possible. One example (although a touchy subject) is marketing. The bottom line is marketing will ramp up when the project/platform has had more development (finishing integrating the brokers + additional features). The team have known that the correct time to market the platform is coming, just not yet... Obviously if they had 100's of millions from the ICO marketing would have been ongoing from Day 1. This is one example of being responsible with your investors/ICO funds.
If you would like some more information about the funds, the ICO etc. See these two links:
Bullish on GVT. You want reasons why im bullish? Re-read this post
submitted by elcryptonerd to genesisvision [link] [comments]

90 Day Update / Beginner's Post

Hey all, First time poster, long time lurker. Just learning until I think of useful/interesting post. I just finished Babypips school. No this isn’t another, “What do I do next?!” eager to consume posts. More just introducing myself and share methods as I progress and chat more in this sub. It’s been a super helpful research tool with just the sidebar alone, but the interactions are also generally positive and research engaged. Forex was on my list of active/sidehobby/internet ideas to try. (Along with selling on Ebay and learning/teaching languages) I’ve always been into stocks/finance and I’m open still open to continuing learning past forex into futures and/or cryptocurrency. Forex to me is kind of an intro to price action and charts for me. Also the physics of it all that I’m hoping to apply more as time goes on. Anyways , started forex 2 years ago. Saw I needed disposable income you could lose (which I didnt have at the time) and put it off. Now I’m about 3 months in with my rediscovery of it with a lot more financial cushion/discipline.I finished the babypips school and try to practice 25-45 mins a day of something forex related the last 90 days or so. Here is my routine and some things I”ve learned since starting.
Demo Trading is overrated. And then it becomes the best thing ever. I’m gunna just go out and say it. IF you’re trading for 9 months on demo you should’ve stopped 8 months ago. I mean don’t get me wrong 9 months, that shows alot of persistence in your habits, but you’re spending time on a variable that doesn’t exchange certainty in the real system. I only even say this because you could be like me. Trade demo all this time then find out the leverage you wanted isn’t even available in your country. (U.S here) So I felt like a dummy from the jump, but that’s part of the learning curve you should be doing sooner rather than later. This does not mean fund your account fully. No, put just $200. I trade with my initial capitol @ $200 and I won’t add a penny more until I’ve developed a profitable system with what’s already in there. A good investment is a good investment and throwing more money doesn’t actually add value to the growth return on your investment.(In most cases) So what’s the big deal with Demo? Well for one you want to work with a system that’s tangible in your country. U.S is capped at 1:50 leverage. I don’t know other countries regulations but it’s something I wish someone told me to look out for before I started testing financial strategies. Another thing is the spreads are often very different from what you find in demo (attention scalpers out there) sometimes dramatically. (After NY close of the day /Weekends ) You have to implement all of these factors to your strategy. Now what is demo good for? Starting out! Learning how to set indicators, trades, stop losses and so on. I’d say 60 days max if you can’t donate much time. Even less than 60 days if you have more free time but then after that it’s time to get your feet wet. One other good thing about demo accounts is that it allows you to practice fundamentally different trading ideas out before trying them out on your actual account. An example would be a scalper trying a new position strategy he learned in demo to set some long term positions next year. I enjoy trading because it’s a discipline on your anxiety. When you deposit your first amount, any amount that's more than a new video game or dvd collection, your brain is going to fire off “Hey you bought something new that can make money let’s test it out! It could be making you money” You have to calm this voice first. IF you even can. This voice makes you check the charts 3x more than you did in demo and caused at least me to trade just so the money’s not going to waste. I lost 40% of my account the first week. I would’ve called myself mentally stable before this too. But that voice broke me and you have to confront it because it’s the impatience in all of us and causes you to force your view of the markets to fit your system. Demo is a great tool but shouldnt be held on longer than it’s purpose.
Immersion This is going to be a little shorter than my last topic because this is more something everyone has to find and listen to. Don’t just study the same website or forum for forex everyday. Try to get a wide view of the financial markets as a whole and various media input. Subscribe to a couple good youtube channels maybe a visual representation of what you’ve been learning could help solidify it. Maybe a podcasts personality makes your brain react differently to topics where a bland textbook reading didnt excite you the same. Watch a documentary on trading one week and hell maybe even Wolf of Wall Street another week, whatever it is that gets your whole body involved in the feeling of trading so 1) you don’t get burned out on the topic and 2) you find more ways to connect with the information you find. Whether emotional or visually. Here are two recommendations of channels that help me break the norm of my study routine:
“Two Blokes Trading” Podcast I discovered these guys a while back in a comment thread. I would recommend this podcast to beginners because you can start from the very beginning of their series and learn with them. They’re young, enthusiastic and open to exploring alot of areas to trading and different philosophies. So sometimes you can find gems in subjects you didn’t expect to encounter. They also bring in advisors and brokerage managers to feature on their subjects. And it’s not all forex focused. Check them out: http://twoblokestrading.com/podcast-episodes/
Barry Burns “Top Dog Trading” Barry Burns I like because you have him walking you through the charts on youtube. One of the few videos I watched on Price action were by him where the lightbulb went off. He offers a great free resource and sometimes I even feel guilty getting it on youtube for free before sharing it because it feels like the things he touches on and how he explains them, even paid classes probably couldn’t get right. He has so many videos on different markets and how to read them just apply them to the type of trader you are. https://www.youtube.com/channel/UCcjyImdSWDTCGCa7G24faIQ
Routine ( final topic on this post) So every week I try to keep a basic routine of forex and ways to practice. I try to wake up early as I’m on the Pacific Coast so I get up 2 hours early before I have to head to work. 20-30 mins of this time I do something related to forex education. The rest of the time I gather my foundation for the week and arrange goals / meditate/ journal. I’ll look at the charts, when I still had Babypips to finish I’d set a time and study through what I could of the course through that time. Now that I’m finished I’ll either check this sub, watch a video/podcast or try to read something related fundamentally to trading or finance. (I’d like to get some more book ideas about trading and it’s psychology) So that’s one habit. You’ve got to be able to at least schedule 20-45 minutes a day to consistent study + practice time to acquire new skills. 20 minutes uninterrupted is enough. Wake up early if you have to. Then throughout the day you’ll find time to reflect or research more and soon the time will start to add up. This also works on the other extreme too. If you have alot of free time I’d say starting out 1 hour to 2 hours max is what you should dedicate to studying. Forex is a very mentally fatiguing process skill. You’ve got to let your brain recharge (need those MP potions it seems) the whole currency system is heavy and complex enough that starting from scratch you couldn’t learn everything in 24 hours straight. I’d say even a week straight wouldn’t work. It takes time and a habitual familiarity. It’s not dissimilar to learning a language. Where concepts become stacked on a foundation of understanding to be acted upon through your day to day. Even if you can name all the working parts, experience build with how much time you think in that language per day. There’s a reason I chose the word “Immersion” for my second topic. Moving along. Another part of my routine is backtesting 40-50 trades a week of my strongest system. This equates to a little under 10 trades a day. I completely journal and track profits like they were live. Some suggest using a simulator, while that is a great practice for timing entries, I’ve found just using the Metatrader 4 Desktop and using the F12 key to progress forward one tick at a time has been sufficient for my backtesting needs. Backtesting gives you an opportunity to practice way more trades in a week than live session will be able to provide. I’m using M15 - H1 intraday strategies and maybe pull off 5-6 trades a week. BUT I practice 10x that amount per week. Soon you’ll find your live performance is really only a display of how your last week backtesting went. It’s like football practice for the gameday. Now which system I test varies, like I said I’ll try my strongest, but that changes. Just grab any system you think you can pull off and backtest it. Babypips gave me my first few, then I created some ridiculous ones, but over time your experience of a system and how to get them to work for you grows by running test trades. Systems I’ve found and backtested that are online are: the “So Easy It’s Ridiculous” system and the Cowabunga System, both found on babypips and a simple google search. Easy. I know, and really a system is just supposed to make having trading decisions easier for you. But your participation and exit are equally important. Can you follow easy rules you or others make? No questions asked?
So that concludes my post. I hope in the future when I’ve backtested 1,000 trades I can post some of my personal systems I’ve followed, right now they feel to amateur to even share. I am the humble fool, so any ideas on my style or feedback on where I should head are greatly appreciated. I’m open to questions and dialogue so feel free to send a PM or comment. Hearing from other traders is the reason I even started this account to post and interact. This post and future ones I have planned are kind of a new element I wanted to try of journaling that allows me some social accountability and feedback from a community rather than all my entries being hoarded in my notebooks, so my apologies if it’s more wordy than usual on here. Thanks everyone and have fun!
-AP
TL:DR Just browse over the bold sections
submitted by AzathothsPips to Forex [link] [comments]

A list of books I've read, plan on reading, or reading now.

Here is my list of books I've been planning on posting for a while now. I've read a good amount of these books but I still have a bunch to go. How did I find these books? I searched the fuck out of amazon for things that I would find useful that had good reviews, ratings, and a summary/description that matched what I was looking for. I don't have the time to write or copy/paste a summary of each book so added the amazon link to each one if you want to know more about it. The last list of miscellaneous books doesn't directly deal with forex trading but rather economics and shit in general. I added them to the list because I figured they would interest some of you. If there are any books I should add to this list, comment below.
Beginners:
These are some of the first Forex books i've read. They're on par with babypips but a little more in depth. Each book explains all the same basic concepts but in their own unique way. I don't know about you guys but I prefer to learn things from different people and sources so I'm exposed to new ways of thinking. If you have been trading for a while, just scroll past these few books, they're meant for complete beginners.
Technical Analysis:
Below is every book you will ever need for technical analysis. They are in no particular order but I strongly advise you to start with the first book by Steve Nison. Of course, just reading these books won't make you a master at TA. You need to apply and practice the concepts as you go. Reading the info is just scratching the surface.
  • Japanese Candlestick Charting Techniques, Steve Nison - Link
  • Candlestick Charting For Dummies, Russell Rhoads - Link
  • Charting and Technical Analysis, Fred McAllen - Link
  • Getting Started in Chart Patterns, Thomas N. Bulkowski - Link
  • Technical Analysis For Dummies, Barbara Rockefeller - Link
  • The Art and Science of Technical Analysis, Adam Grimes - Link
  • Technical Analysis of the Financial Markets, John J. Murphy - Link
Fundamental Analysis:
Fundamental analysis is the study of the underlying fundamentals that move a security, in this case, currency. The fundamentals in forex are all about economics, obviously. Therefore, a majority of the books in this list deal with economics. If you feel comfortable with economics, skip to the economic indicators towards the bottom. I also included a book called Naked Money which deals mainly with our financial system and money.
  • Basic Economics, Henry Hazlitt - Link
  • Naked Economics, Charles Wheelan - Link
  • Economics Through Everyday Life, Anthony Clark - Link
  • The Economics Book, DK - Link
  • Economics DeMYSTiFieD, Melanie Fox - Link
  • Doughnut Economics, Kate Raworth - Link
  • Misbehaving: The Making of Behavioral Economics, Richard H. Thaler - Link
  • Naked Money, Charles Wheelan - Link
  • Economic Indicators For Dummies, Michael Griffis - Link
  • The Secrets of Economic Indicators, Bernard Baumohl - Link
  • The WSJ Guide to the 50 Economic Indicators That Really Matter, Simon Constable - Link
Psychology:
You can have the BEST trading strategy out there, but without good trading discipline, you're fucked.
  • Trading in the Zone, Mark Douglas - Link
  • High-Probability Trading, Marcel Link - Link
  • The Signal and the Noise, Nate Silver - Link
  • Superforecasting: The Art and Science of Prediction, Philip E. Tetlock - Link
Miscellaneous:
This is the type of stuff you read when you're bored or taking a shit.
  • Global Economic History: A Very Short Introduction, Robert C. Allen - Link
  • The Creature from Jekyll Island, G. Edward Griffin - Link
  • Richest Man In Babylon, George S. Clason - Link
  • Narconomics: How to Run a Drug Cartel, Tom Wainwright - Link
  • The Industries of the Future, Alec Ross - Link
  • The Urban Farmer, Curtis Allen Stone - Link
  • Griftopia, Matt Taibbi - Link
  • Dark Money, Jane Meyer - Link
  • Currency Wars, James Rickards - Link
  • How Asia Works, Joe Studwell - Link
  • Think and Grow Rich, Napoleon Hill - Link
  • When Genius Failed, Roger Lowenstein - Link
  • The Wealth of Nations, Adam Smith - Link
  • Why Nations Fail, Daron Acemoglu - Link
EDIT: There are some books I left out, I will add them later.
submitted by 47dollars to Forex [link] [comments]

Beginners start here

Hey everyone. A while back I made the decision to moderate this subreddit because I was once in your shoes. I honestly did not know where to begin. I would type in “daytrading” in google and come up with so many companies trying to sell me the dream. “Make $$$ while you sleep!” “Look at how much I made today!!” etc. I wanted to make this post to first give new people a place where to start and to even offer some resources that can get you started in the right direction. If I have anything else to add I will add it here.
  1. Open up a papertrading account with Think or Swim. It is free and you can get live data just by requesting it from support. All you have to do is ask them to add live data to your papertrading account. Do not pay monthly for any papertrading account. There are a lot of free videos out there that can help you get started with Think or Swim. The program looks complicated at first but it is very powerful. I spent a few days with the program and at the end of the week I was fairly comfortable with understanding where everything was. I have never had a 60-day limit with my papertrading account by the way. https://www.thinkorswim.com/t/pm-registration.html Start here and start taking trades! It is all fake money and will give you some insight into how the program works as well as how the markets move.
One other tip for setting up your papertrading account is to only set it up with a reasonable amount of money. I know a lot of papertrading accounts give you 100k right off the bat but realistically, how many of us are going to have that much money to start out with? Set it to something more reasonable like 10-20k if you are trading forex (or even less if all you have is 1-5k to trade with) or 25k+ if you are going to daytrade stocks only because the regulations require you to have at least 25k in your account at all times to daytrade (In this case, I would probably give yourself 30k just to be safe).
If you are looking for a stock screener, ThinkorSwim has a pretty good one. A personal favorite of mine is www.FINVIZ.com which has an awesome screener for finding different chart patterns and conditions (such as prices crossing above 20 bar EMA, trending up, etc)
Think or Swim has stocks, forex, futures, and options. Options are an entirely different beast all together but stocks, forex, and futures are all "yes-no" type of trading while options give you a little more leeway with your mistakes. If you are interested in learning about options, message me and I can help guide you with the right direction and best resources I used to learn options.
EDIT: Due to the amount of PM's I was getting, I have decided to post the options course I started with here https://www.udemy.com/learn-options-trading-courses/ You shouldn't pay more than 10 bucks for it as Udemy does a ton of sales throughout the year. You can also just do a "Udemy coupon" search on google and see what you pull up. Its about 10 hours worth of content and in my opinion it is worth every penny if you are wanting to learn more about options. There are a ton of other great classes on Udemy as well for learning just about anything. Just make sure to read the reviews!
Stocks is kind of the well known market for new comers but I would argue that Forex can also just as easily be traded by a newcomer. Also the benefit of trading Forex is that there is no commission off the bat. Most brokers will charge what is called a spread of some number of pips that you are essentially paying back.
Futures trade in ticks and each tick nets you a gain of some amount or a loss of some amount so I do not suggest any new person to jump into futures until you understand the way markets work. Futures charge commission on each contract you buy or sell. It can be sort of related to Forex since a tick and a pip are essentially the same.
The huge benefit to trading Futures and Forex is that there is NO pattern day trading rule. This means you can buy and sell as many times as you want without being flagged for not having 25k in your account.
  1. Tradimo is a great resource for getting your feet wet with technical analysis. It is free and shows you the ropes with how you can start looking at prices and charts: https://learn.tradimo.com/courses
  2. If there is ever a company you want to pay to help you learn, please do your research first. Type in the company’s name along with “review” at the end of your search and make your educated decision off of that. A lot of these companies have amazing advertising but will never teach you the right way to trade. A lot of them are scams too. I read that there was one trading system which the guy had the secrets of the “code of trading” and only he knew the code but would sell it to you for hundreds of dollars. So many people come into trading with high expectations that if I just pay this company to teach me, I can be like them when in reality that may never happen. Always look at their testimonials with a grain of salt. Read the reviews just like you would on amazon for buying a product. I also like to type in the company's name and add "scam" at the end to see if I get any hits on that. Read the good reviews but also the bad to understand the bigger picture here. Very few will actually teach you how to trade. Also, Reddit is a great place to read up on things like this too. Just add "Reddit" at the end of your search and read up on other users reviews.
Investimonials is also a good place to use as well (but do not use it as your only review source!!! Fake reviews are everywhere) http://www.investimonials.com So before you drop that 1-2k on a course, make sure you do your homework. Don't be fooled by smooth advertising.
  1. A high probability indicator or a holy grail strategy is not out there. If it was, everyone would be using it and making money. And if there does happen to be one, do you really think anyone will want to share it? The only way to get good at trading is to be able to read the charts and read where prices are going. This is through support and resistance and understanding channels. I cannot recommend Mack’s price action YouTube channel enough. https://www.youtube.com/usePATsTrading I am a firm believer that price action is the basis for understanding price movement. Reading an indicator may help but you should not rely on solely indicators to guide you with trading as they may give you a signal to buy when you are at a major resistance level or sell when you are at a major support, both of which could burn you.
  2. My only other advice is to look into markets that let you maximize profits. For some, it is not possible to buy 1000 shares of Apple. While trading low priced stocks lets you buy hundreds and maybe even thousands of shares at once, those stocks are too unpredictable because they can be influenced by individuals who do what is called a "pump and dump" schemes. Plus they can be difficult to read as far as what they are going to be doing next (going up or going down). My recommendation (and it is only my recommendation so only use this as guidance to make your own decision) would be to look into trading forex if you do not have a lot to start out with as some brokers (like FXCM) allow you to buy "micro" lots which let you invest as little as 100 dollars in some cases and have a much better chance of working in your favor due to the amount of people trading the same instrument. Note: There are some discussions about forex market makers adjusting the markets so you get stopped out prematurely. While I have not experienced this, it could theoretically happen? So if you do decide to trade Forex make sure you pick your broker carefully and again read the reviews!
EDIT: I have read that what I mentioned above about Forex is outdated and the brokers are under stricter regulations. Do your own investigation and do not let what I said steer you away from trading forex if you really want to. The big Forex brokers you are able to open an account with in the US are FXCM, Oanda, and Forex.com. You have a lot more options if you are in another country.
EDIT 2: Well it looks like FXCM may get banned from having clients in the US. Apparently they took some trades against their clients to profit on their end and have been using clients accounts to fund their extra expenses. Tread on your own risk.
  1. Above all, do not invest money that you are not willing to lose. I cannot emphasize this enough. Work on a simulator until you feel that your strategy works. This means putting in the time to sit down and analyze every trade you took which worked as well as the ones that didn't work. You need to go back over your mistakes and review why your trade did not work the way you thought it would. Was it because you bought at a high and sold at a low? Was it because you bought at a major resistance level thinking the stock would still go up? Was it because you were impulsive and entered in too early? Was it because you were too slow and entered in too late? This is the most important part about learning how to trade. Putting in the time and work to analyze what you did right and what you did wrong. You will never get better if you do not do this.
  2. Consider subscribing to a free daily financial newsletter such as The Morning Brew. It’s a free subscription that is delivered Monday through Friday to your email before the markets open around 5-6 am central time. It summarizes the big financial topics of the morning in short easy to read sections that you can read over a cup of brew.
I wouldn’t say this is essential for daytrading but it’s nice to read if you are wanting to stay up to date on the financial markets as they will write about companies and stocks to look out for. It’s also not spammy or filled with ads though there are one or two that are listed as “sponsored”. They don’t typically put out a weekend read but instead send it M-F.
https://www.morningbrew.com/?kid=08944ba0
I want to make this subreddit not only as a resource for newcomers but also for those who wish to improve their skills with learning how to day trade. I do not want this subreddit to become spam and companies trying to sell dreams. We all need to keep a realistic vision on what learning the market entails because this is a journey. No one becomes a doctor in a day or even a week and you should expect the same becoming a trader. Making consistent money in the markets can be very challenging and most wont ever make it, but it can be very satisfying once things start to click and you can live a very different life if this ever happens.
submitted by KingPrudien to Daytrading [link] [comments]

I made a list of resources for beginners and experienced traders alike.

Check back often as this is regularly updated.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
Edit 4 Moved the podcasts into the comments so there is more room here for extra sites.
submitted by Dannyboi93 to Forex [link] [comments]

Ruslan Kamenskiy - Genesis Vision CEO - did you know this?

How much do you know about the GV CEO Ruslan?
He is an extremely experienced developer with a HUGE proven track record:
TALK ABOUT LEADING BY EXAMPLE.
Right now the Genesis Vision team are quiet, working away, with this guy spear heading the team. I am an early investor in GVT, before it was as successful and hyped as right now. I invested because of many reasons, I would need another thread to discuss them all. However amongst these many reasons, 1 of them was because of this guy, highly experienced, proven track record, I can quite happily say I trust them with my money and GVT.
2018 & 2019 will be HUGE for GVT ~ big things coming!
submitted by elcryptonerd to genesisvision [link] [comments]

Suggestions on price action

Hello comrades!
I've been in this trading world since december, reading quite contrasting opinions about styles of trading and recommendations and as almost anyone i came to the conclusion of what trading style i'm adopting. Here's what so far i've been trying and what i think is working for me, up to this week i succesfully read price action on EURUSD and got just in time before the trend reversal, at least it is short for now, but i think im in the right path.
So as the i'm greatly interested on price action, and i want to ask the forex community about any useful suggestions you guys have.
Thank you!
Also, english is not my native language, so, sorry for the poor grammar if it is the case.
submitted by wicho91 to Forex [link] [comments]

Do Crypto Trading Bots Really Work?

Bots and talk of bots is endemic within the crypto space, with behavior, good and bad, often attributed to their actions. Mt Gox famously had the Willy Bot manipulating merrily, perennial bear Bitfinexed sees bots everywhere, and crypto traders are prone to boasting about the sick returns they’ve raked in from their proprietary arb bots. There’s no doubt that bot activity is very real. But is it profitable?
Got Bots?
In the 1950s, robots were promised that would soon eliminate the daily chores of housewives across the globe. 60 years later, and their cyber counterparts – bots – are promised that will do the same for crypto traders. If the hype is to be believed, these bundles of code can deliver a passive income for even the laziest or dumbest of traders. But as almost everyone knows, the hype is never to be believed. Profiting from bots isn’t that simple or easy. There are several types of trading bots available including arbitrage (arb) bots that capitalize on the difference in prices across exchanges. The price of bitcoin usually differs from exchange to exchange; Bitstamp, for example, typically displays a slightly lower price than Bittrex. The movements of bitcoin and other cryptocurrencies is always mirrored across exchanges, however, so if BTC breaks out due to a massive buy order on Binance, you can bet that the other exchanges will follow suit. Bots work by profiting from the delay it takes for prices to update across all exchanges.
How Profitable Are Bots?
To make any sort of tangible profit from bot trading, you ideally need a stack of crypto to start with. If you’re running a bitcoin arb bot, for example, you’ll need BTC deposited on multiple exchanges that are connected to your bot via API. And even if you do have a healthy spread of coins, the returns can be slight. Romano – Viacoin developer and well-known crypto trader – claims the Hass bot he uses can make “0.26 BTC ($2K) a day by using 9 BTC for example just by using market inefficiencies” before adding that he doesn’t use the market maker bot that comes with Hass and cautioning that it’s “only for skilled traders”.
Arb trading can be likened to playing online poker. If you’re good at setting up your bots, you can make a living off it, but you’ve got to grind it out. Crypto trading bots are reminiscent of those money-making Forex programs that you find “veteran traders” trying to flog. If those Forex guys are as rich and successful as they profess to be, wouldn’t they be better served keeping that esoteric knowledge to themselves rather than offloading it to the masses for $100 a month? In other words, beware of geeks bearing bots.
Examples of Trading Bots
A slew of tokenized projects has emerged that promise “algorithmically-based smarter trading delivered via AI and machine learning” or words to that effect. These systems also utilize bots, but their claims of profitability have yet to be proven. If one of these new platforms were to deliver the goods and provide consistently high returns, crypto traders would flock to it, which simply hasn’t happened.
There is no doubt that machine learning has the potential to yield more profitable trading, but there is also no doubt that a lot of the claims attributed to AI should be filed under As If.
These are the most popular crypto bots on the market (and should only be tried at your own risk):
submitted by goodwinnat to u/goodwinnat [link] [comments]

Motivational Post No: 3 - Learning to Become a Successful Trader

Follow up from previous post: https://www.reddit.com/Forex/comments/5s0kamotivational_post_no_2_how_long_did_it_take_to/
Sharing another one I liked, I would pick this one as the best out of the 3 I've posted, this one is educational as well. Anyway, is the formatting alright, anything I can change to make it easier to read this wall of text? Thanks.
POST:
Learning to Become a Successful Trader
The following was posted as a comment by Ziad in reply to a post on Michael Brenke's Blog, but I'm posting it here (with Ziad's permission) because I believe it contains extremely valuable and genuine insights coming from a very disciplined and successful trader. I would also like to include the following quote by Dr.Brett Steenbarger
"Too many traders are looking for setups, when in fact they're the ones being set up."
Hi Michael,
I've been reading your blog for quite a while now but haven't commented yet. However, I feel I need to comment now.
If you don't mind I'm going to be very straight forward, and blunt even, but I hope you'll take it from a spirit of sincerity and genuine desire to help. It's going to be a long comment, so I'm going to break it up into 2 or 3 comments.
Here's the situation as I see it: For the last few months, and possibly much longer, you've just been spinning your wheels while thinking that you are getting somewhere. The reason for this is that you are going about learning how to trade in the wrong way, in my opinion. I say this because I've been trading much less than you, a little over 2 years now, and yet because of the way I went about learning and what I focused on, last year I netted $150k while nearly quintupling my account, without a single losing month, and while only risking a very small portion of my account on any single trade. Now there could be many reasons for the difference in performance, but I think one of the main reasons has to do with what you are focusing on and how you are going about the learning process.
To try to put it as succinctly as possible, in my view traders that are focusing all their attention on "set-ups" and finding out which combinations of indicators work are never going to become profitable. They are trying to follow the advice of trading books that say trading is simple and psychology is everything. So they search for set-ups that 'work', and that can take the guess work out of trading. They want to be "disciplined" and have simple rules that guide all their actions. But there's a few problems with this. Namely, while psychology is HUGE, it's not everything. And while trading is all about simple principles, actually having an edge is NOT simple. It's a myth that you can have a couple simple price or indicator set-ups and make money consistently if only you are disciplined. That's a load of crap. It keeps the dream alive for wannabe traders who never realize what it's truly about. Well let me tell you what it's truly about...
Trading is about being okay with ambiguity. It's about tolerating confusion. It's about sitting with discomfort and being at peace with it. It's about not having an exact script of when to trade or not to trade, or what's really a high odds trade, and being okay with that. It's about exceptions to the rules. It's about contradiction. It's about uncertainty.
And yet traders left and right want to make it simple. They want to reduce it to a few simple set-ups to trade with discipline. And yet the market is not simple. The market is all about uncertainty, and complexity, and ambiguity. Simple set-ups could never capture that, and they can never give you a true lasting edge.
So what's the solution? Is the problem in the simple set-ups themselves? No, it's in how they're being used. The bottom line is, every trader needs to learn to READ the markets. This means that simple rules will not do. There has to be a synthesis of different elements (whether they be price action, indicators, inter-market themes or whatever), and real-time interpretation must take place. It has to be all about CONTEXT. Once you can read the markets, and don't fool yourself it is a very complex process, then you can choose to employ "simple" set-ups to enter and exit. But the real work will be in interpreting the market to see when you should use which kind of set-up. Seeing a hammer or whatever near a support means nothing unless you've identified the broader picture and gotten a sense of the kind of tactics you should be using, and what the odds are for different scenarios unfolding.
Now I know you, and most traders do this to a certain extent, but your main focus is on the set-ups. It's not on reading the market from minute to minute, hour to hour, figuring out the odds of it doing this or doing that, adapting dynamically, and thinking of trade ideas from all your observation as the day unfolds. Rather, it's waiting for some simple set-up to pop up and then taking it.
Now is it easier emotionally to have clear set-ups to wait for and trade in this simple manner? Absolutely. But who said 'easy' would make you money. If I've learned anything, it's that the market rewards what is hard to do. It's hard to have ambiguity surrounding your market reads. It's hard being uncertain. It's hard dealing with competing and sometimes conflicting signs. And yet, this is what it's all about. You have to stop trying to avoid this by needing things to be clear cut. And is it hard to be disciplined when there's so much uncertainty about what is the right trade to make? Of course. But instead of trying to avoid the uncertainty by looking for simple set-ups, or some straight-forward method, train your mind to be able to deal with the uncertainty.
As for the learning process of how you go about doing this, it's all about being constantly engaged with the markets, trying to figure things out and learn from experience. For me, for instance, what I did was each and every day take notes in a journal all about market action and what I think it means, and how I should trade, and what is working and what's not. I didn't write a journal describing the trades I took, or what my emotions were during the day. It was all about market action. And it was all my perception and interpretation. Day after day, week after week, making mistakes, wrong calls, being clueless as to what was going on, not knowing how I should trade, not knowing if my views made sense or not, and yet I continued taking notes and learning. Then I would view charts and combinations of historical intraday charts, and I'd note certain behavior. For example, I'd study trend day after trend day and try to notice what they had in common and how I could have picked up on it in real time. Then I'd study range days. Then I'd study a price chart of the ES versus the Advance decline line and see what the relationship was across many different days. Then I'd do the same with the ES and TICK chart. And on and on. Over time, this gave me a feel for the markets, and a certain understanding of how certain days differ and many subtle signs and tells for each type of environment and context.
As for set-ups, I didn't use any predefined ones. I just formed trading ideas and then tried to get in at good trade locations. Even this, which is the art of execution, is quite complicated and not straight forward. I started realizing that in some environments it's best to wait for pullbacks, in others I need to get in at market or I'll be left in the dust. In some markets I can buy low and sell high, in other markets the opposite is in order. And so on.
I became consistently profitable in a timeframe of a few months by doing this. But of course before that I had read 30 or 40 books and so I had all the technical background. I had also worked a lot on my psychology and personal issues. But all of this was in conjunction with a method of learning and trading the markets that was mostly in opposition to what the general wisdom says about simple set-ups and exact rules.
Now of course you might say that everyone has their own style, some discretionary and some not. Absolutely. But even the purely mechanical traders are very adept at reading markets, and are aware of all of the complexity and ambiguity inherent in it. Their system might end up being simple, but it will come about through a very deep and complex understanding of markets. And usually this system will take the market environment (i.e. context) into account. It wont just be simple mindless set-ups.
In the end, all of what I am saying is meaningless unless you come to a personal realization. Take a look at your trading career thus far. Do you truly believe that if you just learn to focus and take all of your set-ups then your equity curve will reverse and you'll be a consistently profitable trader? Why would the world's top institutions spend millions and billions on R&D when a few simple set-ups could make them all of the money. This doesn't mean that to make money you need extremely complex mathematical models. Far from it. What it does mean is that you need extremely complex mental maps that take time and experience to develop, and that will never develop if you spend the whole trading day simply waiting for set-ups to materialize. That just won't cut it.
Right now your learning curve is stagnant because you're not truly studying the markets. Your day is wasted in waiting mode. It's not in observing and absorbing mode. Also, because you fear loss, you aren't willing to experiment. This means that you aren't making mistakes and failing regularly, which is what you need to do to learn quickly.
So to conclude, based on all of the above, my advice to you would be to stop trading and make a mental shift. Realize what you need to do to become successful, and it's definitely not staying on this endlessly unfruitful path being supported by the hope of future profits. You're just running in your place unless you change your focus and your learning method. And if you thought the journey was tough so far, you haven't seen anything yet. Get ready for uncertainty and ambiguity like you've never seen it before. But this shouldn't be scary. It should be exciting, because this is what trading is all about. This is why it's called an ART. And it truly becomes one when you change your focus and your learning process. Then everything, including success, becomes possible. And until then, it'll be a distant dream that keeps appearing to be so close and yet stays so far away.
So you need to re-align with a new thought system and then get on the simulator and trade. Take losses. Make mistakes. Be clueless. Don't be afraid of it. It's okay, that's the only way you'll progress. And trust me, progress you will.
Best of luck to you, and I wish you much success.
Ziad
ChuckJune 29, 2009 at 5:44 PM I re-read Ziad's post again today (and no doubt will re-read it many more > times) because it really makes me think about how I analyze the market > each day and how I fit my own setups inside a discretionary plan that has to take into account all the "reads" the market is giving, or at least how I interpret those reads. Ziad must be a brainy guy. I have described the market as being like a maze whereas we show up at the same front entrance every day, and we navigate the maze in the same way (i.e. the same timeframes and indicators every day), and we exit at the same place each day, but every day the walls of the maze are switched around so that the paths are different each day. That's how I see Ziad's premise (a correct premise I believe). We enter the maze each day with the same ability to turn right or left, but unless we see the bigger picture and learn to understand and "get a grip on it" on the bigger view mentally,the turns will lead us to dead ends. Maybe that's confusing but executing our setups without being able to interpret the bigger picture "good enough" will lead to frustration and a lot of "what the hell is going wrong?" frustration.
I'm glad you liked the post Chuck. I felt I had to write it because I know how bad I wanted to succeed at trading when I first started out and how I searched for every inkling of advice I could get. So when I have the chance to offer timely advice I always have to take that opportunity.
And since we're on the subject, I'll share a couple more things with you. Every day I psych myself up before the trading day and during it so that I can have that killer mentality needed to have peak performance in trading. One thing I read every day is something that I wrote to remind myself what trading is all about and where my focus should be. I wrote it because whenever I faced adversity and had ups and downs it always demotivated me and knocked the wind out of my sails temporarily. But I realized that to perform at a world class level I couldn't let that happen. So I wrote the following, and I read it every day at least once or twice:
"It’s not meant to be easy to do all of this; in fact it’s meant to be very hard. If it were easy anyone could do it. Almost everyone knows what it takes; few can actually do it consistently. That's the challenge. When adversity strikes even when you're doing the right things, it’s not unfortunate because greatness is not just about doing the right things, but about doing them even when they cause pain and discomfort- weathering the tough times is the inherent prerequisite for being great. Adversity is built into the game and therefore it’s not an unfortunate set-back that is keeping you from your potential; rather your potential is cut very short without being able to deal well with adversity. So expect great results long-term, but adversity and ups and downs short-term. It’s got to always be about doing the long-term beneficial, not the short-term pleasurable. And we don’t deviate from that, no matter the pressure. And we relish the opportunity to be mentally tough when adversity strikes when so many would wilt and when it feels so unnatural to be optimistic and confident. That is the real goal and priority. Now keep conditioning- constantly reprocess and replace any thoughts that aren’t in line with all of this. It will take a great commitment to unlearn old thinking patterns and instill a new way of thinking to the point of habit. And you can do it."
Reading this reminds me that I'm not a victim of circumstances. That adversity isn't some external factor sabotaging my results. It's part of the game. In fact, it's what the game is all about! You have to learn to relish the opportunity to remain poised when losses hit or when you make mistakes. Take pride in it and make it your main focus. Love trading's inherent difficulties because the ability to handle them is what will truly set you apart. And always remember: this is a game of hits, losses, and misses. Those that can take them best ARE the best.
I wish you all the best in your trading.
Ziad
Credits: http://www.eminiplayer.com/2009/06/learning-to-become-successful-trader.html
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Another great website with free systems to try out

Hey guys! Back again with another great resource with a ton of free systems and strategies you can try out. As you all know, I trade using price action though for some I know pure price action is something that they feel like they will never understand and feel more comfortable trading with some indicators to help them out. Check out this website for a ton of great ideas. I was actually overwhelmed by the amount of strategies and systems they had.
Also I know it says forex but things like this can always be transitioned over to stocks as well.
http://www.forexstrategiesresources.com/
If you want to trade trends, I would recommend starting here: http://www.forexstrategiesresources.com/trend-following-forex-strategies/
Volatility: http://www.forexstrategiesresources.com/volatility-forex-strategies/
Breakouts: http://www.forexstrategiesresources.com/breakout-forex-strategies/
etc etc etc. The website is great!
submitted by KingPrudien to Daytrading [link] [comments]

The Complete Ichimoku Course - From Beginner To Advanced

The Complete Ichimoku Course - From Beginner To Advanced Hello Guys, In this video I want to introduce you to the main system / Indicator that I use for trading which gives me the most consistent profits and reliability. The Indicator or system that I use is called ‘Ichimoku’. Full title is 'Ichimoku Kinko Hyo'. And was invented by a Japanese trader called Goichi Hosoda (細田悟一 Hosoda Goichi), a Japanese trader / journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". Ichimoku translates into He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s. Ichimoku Kinko Hyo in Japanese translates to 'one glance equilibrium chart' or 'instant look at the balance chart' and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in ichimoku charting, reffered to as the Kumo Clouds. Hosada's Ichimoku system incorporates some very useful and effective trading signals, which consist of the following. We have the chikou crossing through price, that's the first signal, we have a tenkensen bounce and break, we have a kijunsen bounce and break, there’s the kumo cloud bounce and breakout, and the tenkensen and kijunsen cross, which is normally abbreviated to the TK cross. This complete charting and trend indicator forms a very powerful, and useful aid in our trading, and, to be used to it’s full potential, all these elements need to be used, and studied in conjunction with each other. As you can see if you’ve never come across this system before it can be very intimidating and complex, however fear not - If you are interested in learning about this complete system or are simply just struggling with your own trading - if you visit my website you can sign up for my complete ichimoku trading strategies course and become a member. In this course I cover the ichimoku system from beginner to advanced, in fine detail and talk about how I trade, and how I have been profitable consistently for the last 20 years, using ichimoku as my main Indicator. I also talk about money management, price action, when to trade and when not to trade, and my preferred forex pairs for trading. I also cover support and resistance, divergence, moving averages along with profit targets, stops and even the psychology of trading. So if you would like to learn about this ichimoku system, visit my website which is tradingtoprofit.com and sign up for the course which is over 6.5 hours long and split into various sections for you to learn at your own pace and accessible anytime at a later date to refresh your knowledge. I’ll put a link under the description of this video to my website. Also if you would like to keep watching my videos please subscribe, comment or like. Thank you for watching this video and I hope to see you in the course soon. Take care and good luck in your trading.
https://youtu.be/sttcW5PB9rQ
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Help me improve my Forex trading Strategy!

Hey, I am 20 years old and I have been interested in Forex since I was about 16. The first year I was extremely stupid and lost 1000$ because I decided to trade without proper practice on a demo account. This repeated itself for a while (losing money because I thought I had a fool proof system). Learned from my mistakes and started many demo accounts almost wiping them all out within a week from each other. By the time I was 19 I seemed to trade pretty consistently and averaged about 500 pips a month. This is data collected from about an 11 month period. After my initial loss of over 2000$ I decided I was ready to trade again and opened an account with 800$. Today the account is sitting at 3500$ after about 9 months of the initial investment.
I do understand that I am not the forex king nor do I even scratch the surface on the extensive knowledge some people have so my question to you is, can I sustain this growth rate. I use price action to trade and do not trade during the news to avoid conflict because I do not check the news so that would only hurt me if I traded during a big announcement (am I right?). 800$ to 3500$ is a huge ROI and I understand that it cannot be sustainable my whole life so what do you guys think my targets should be in terms of gains.
Another question I have is about getting X amount of consistent pips a month. If I can constantly get 1200 pips a month should I raise the lot size on my account. Trades that I have made have never gone below -300 pips except once when about 10 of my trades went to -500 pips which I closed and swallowed the loss. The maximum drawdown that I let my account go into now is around -250 pips per trade has never happened (haven’t reached in 7 months after the -500 pip loss per trade). I open at maximum about 10 trades and the average trade has a drawdown of about -70 pips if it even has a drawdown.
My trading method is extremely aggressive but after all my trading in forex I understand that sometimes shit just happens and you cannot always be right. Do you guys think it is ok to continue with my trading strategy? Each month I am roughly making about 1200$ USD now (with a potential loss of 600$ USD a month if I fail) . Do you think I should try to get around 6-9k with my strategy right now and just keep the same lot size or should I lower it right now? My risk to reward is about 2:1, so for every 100 pips I am potentially willing to lose I can make 200 pips. If I am making consistent pips per month how can I effectively get better at forex. I have tried to increase the amount of pips but realistically all I am doing is just opening multiple trades of the same currency so it doesn’t really teach me anything and I am just putting all my eggs in one basket.
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Your Trading System - Persevere or Pivot?

Hi again /Forex, this is Part 5 of my 6 part series on creating your own trading system. The other posts are up here on reddit too if you want to catch up. Let me know what you think.
Please note all the advice below is directed at very specific issues that you may run into when using your system and then adjusting it based on your results. Your job is to be creative with your solutions to your weaknesses and always demand more from yourself. Be awesome and stand apart from your peers. Demand success.
Have you heard of the word "pivot" when referring to tech startups? If not, it simply means that a certain business idea is having a hard time gaining traction and the company has therefore decided to "pivot" away, meaning they're starting again from scratch with a new product or simply reinventing the old product in a new way.
Often in trading you’ll find the new guys are constantly "pivoting" to the point where they're dizzy and confused. Pivots are well and good when justified but how can we as traders justify the need to pivot? When should we simply persevere with what we've been doing?
Great questions, thanks for asking them you handsome devil!
The answer is:
When in doubt, persevere (and tweak).
Easy! Alright article over.
Seriously though, if you haven't read my previous articles I'd recommend you do so now before we get too deep into this topic. As a quick recap, so far on your developmental journey you should have:
*Developed a foundation trading system based on your beliefs and experiences.
*Created basic guidelines as to how you're going to trade in different market conditions.
*Made a commitment to track your trades like the trading machine you are.
And you're doing all those things wonderfully aren't you?? Great!
Now, let's say we've been tracking our trades for a few weeks now and we've had strings of winners, losers and in-betweeners and we're now ready to step back and see how we're going. We're seeing some patterns and some inconsistencies and it's time to do something about it.
If you've read the last article, you'll know what we're looking for when observing our trades. To summarise, we're especially interested in.
*Win percentages.
*Average reward : risk outcome of your trades.
*The market conditions that each trade was taken in.
*How well you followed your rules in each trade.
These are the cornerstones of your consistent success and we'll be judging (and tweaking) our systems based on these outcomes.
Now, let's look at each point and some I’ll make some suggestions for altering your foundation trading system in order to overcome their weaknesses.
Win Percentages
Higher win percentages (above 50%) are a huge psychological boon to most developing traders but their importance must always be balanced against the context of reward : risk, which we'll discuss next.
Look at the current win percentage of your foundation trading system, what are your thoughts? How has it impacted you emotionally? If you're breaking even with a low win percentage, it means you're getting great reward : risk opportunities which is FANTASTIC. The problem with this is a psychological one as lower win percentages can mean longer losing streaks and therefore larger account draw-down.
You need to make a call as to whether you're ok with this for the long term or if you want to adjust your system to increase your win percentages and perhaps give up some profit potential as a result. Unfortunately it's incredibly difficult to have both a high win percentage and a high reward to risk system and you need to make the call with which you’d prefer to focus on.
Just be realistic and focus on incremental improvements.
In the scenario that you're making decent profits when you're right but you're also right a little bit less than you're comfortable with, you need to go back and look at your trading log and screenshots, looking for the following things:
*How would a larger stop loss have affected the outcomes of your trades? Would the extra "breathing room" have impacted your trading positively or not?
*What were the market conditions like in both your winners and losers? Do you notice that losses coincide with sideways markets? If so, how would you filter those trades in the future? Are you constantly trading counter trend, trying to catch little bounces opposite current market sentiment?
*Could you have managed your profit taking in a more efficient manner? What if you'd moved stops after price moved x amount of pips away?
These are all great questions to be asking yourself after a nice big batch of trading. When you have the answers to the questions, you need to be creative in how you'll incorporate those improvements into your plan.
Once you've added some new filters or adjusted some old ones, it's time to re-test and see how your changes impact your profitability!
Always moving forwards and getting better. Change your mindset to one of learning and control, rather than helplessness and indecision and you’ll be years ahead of your fellow traders.
Average Reward : Risk
This number goes hand in hand with your win percentage. Like I said above, you probably can't have both numbers as high as you'd like. This is an unfortunate reality that can take a long time to completely sink in.
Alright, we discussed the questions we might ask if we have a system that has a low win % but a high reward : risk ratio, but what if our reward: risk is in need of help in order to improve our edge? What might we be looking for to improve our system?
The most common causes of a shitty reward: risk ratio are often:
*Your stop loss is only a "OH SHIT" protector. This can be absolutely fine with the right system in place but make sure your system is up to the challenge.
*Trading counter trend or in slow sideways markets. In these scenarios you've got to give yourself some big wiggle room to catch the retracement or bounce and even then, the nature of a retracement means you're simply not catching big moves.
*You get scared or anxious once in profit. This is an absolute deal breaker. If you can't let your winners run with some strict rules in place, you need to start developing some skills that will help you do so.
These are all fine and fixable so no need to worry. What's important is that you're identifying your weaknesses and improving them. Now, the solution to the above issues seems obvious enough doesn't it?
*Consider moving your initial stop loss to a place where your setup and initial setup theory has been proven wrong, rather than only protecting against "holy shit" moments.
*Consider trading with current market sentiment rather than against it. I know it's fun to catch tops and bottoms but simply look at a chart and see where the money is being made. Is it by catching huge impulsive moves in strong trends or looking for bounces? Trends tend to be much more lucrative, it's really as simple as that.
*Scared or anxious once in profit? You're going to have to practice your way out. If you're trading live, stop. If you can't stop, trade with the smallest lot size your broker will let you use. Make solid rules to lean against in order to create confidence, process and habit in your trading.
There will be many other scenarios that might be impacting your reward : risk ratio but what's important is that you identify what they are by leaning on your super high quality journal and screenshots that you're keeping ever so diligently!
Market Conditions
What was the market sentiment during your winning trades and losing trades? Were you more profitable trading WITH market sentiment or AGAINST it? Don’t overcomplicate this.
Don’t overcomplicate your definition of market sentiment either. Price is either going up, sideways or down. It's doing those things either slowly or quickly. Work out which works for your system and focus on those.
Remember, all we’re doing in this process is building on your strengths and eliminate your weaknesses, both in your system and in your mind.
Following Your Rules
What percentage of your trades met your systems requirements with 100% accuracy? If you eliminated the trades that didn't meet your requirements, how much different would the outcome have been over your sample size?
As per the last article, remember:
When in doubt, create a rule.
Not sure what you should be doing? Create a rule. It doesn't matter what it is, you can adjust later if it needs improving. What's important is that you have a place to improve from.
So What?
I guess the overall message is this: Persevere with your system and make adjustments based on its weaknesses and strengths. Making some big trades but your win percentage is too low? Go back and look for patterns why that's the case. In almost all cases you should be able to see patterns in both your winners and losers when looking at a big enough sample size.
During this tweaking process, you need to also qualify the importance and quality of your “concepts” that you’re using in your foundation trading system. If you’re trading based on candlestick price action and a particular part of that concept isn’t working, experiment with it. Adjust that one factor and re-test for another two weeks or 20 trades and see how it works out. What were the strengths of the new system? Where did it seam weaker?
In case you haven’t gathered yet, it’s also important that you run these tests in stages. You cannot be changing your system every other day based on your perceived results and expect to get better. It doesn’t work like that. Challenge yourself to take 20, 30, 40 trades before you consider the quality of your system. Don’t adjust ANYTHING even during a 10 trade losing streak. Just keep sticking to your rules and LEARN.
What if you’re completely unhappy with your results and your system isn't resonating with you?
Maybe it's time for you to pivot.
You NEED to feel comfortable with a system and that should be the case since you created your system from scratch starting from Part One. If you've created your system from scratch but HATE using it, it might be time for a change.
You're not going to continually and diligently improve something that you hate to use, so it's best you create another foundation trading system on which to build on.
What if you LIKE trading with your foundation trading system but you're not sure where to go from here? You can't identify any clear patterns based on win percentage, reward : risk, market sentiment or your rules? Leave a message in the comments and I'm sure some fellow traders might have some suggestions.
It's possible you've got a lemon foundation trading system but it's also possible you've got a FANTASTIC foundation on which you'll build consistency and success. Remember, when in doubt, persevere. Your system can always be improved and by doing so you'll create an even better understanding and bond with it. You'll know how it performs in specific market conditions because you've seen it before.
You're far beyond most traders at this point and you've been confirmed for being awesome, so well done.
In the next article I'll discuss some education suggestions if you're not even at a point where you can create your own foundation trading system and you’re not sure what resonates with you and what doesn't. Please let me know how you've found this series so far, I greatly appreciate any feedback, good or bad.
All the best,
Ben - TraderGrowth
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Forex trading price action master class - YouTube Best Forex Trading Strategy: Powerful Price Action Entry ... Understanding Price Action Trading  Urban Forex - YouTube Price Action Strategies & Patterns: How to Trade Price ... Simple Price Action Trade: Learn To Trade Forex With ... 99% Accurate Price Action Trading System  Technical ...

Price Action Trading (P.A.T.) is the discipline of making trading decisions from a clean price action chart with no indicators. All financial markets generate data about the movement of the price of a market over varying periods of time; this data is displayed on price charts. If you want to learn about Price Action Trading, then this forex price action trading course will really help you.. There’s a lot of practical trading tips and examples about how to trade with price action in this course and at the end of it, you will really have a solid understanding and hopefully become a better price action trader.. I must warn you though that this price action trading ... Any trading system that has a price action based methodology as its foundation is probably going to be around for the long term too. I hope the guide here has been a nice ‘kick starter’ into your journey. The price action I explained here is only the tip of the iceberg. If you’re one of those ‘hungry for knowledge’ types, you might like to move on to my tutorial which takes things to ... I have never tradedb4 and I have been looking for sites that teach price action in trading the forex mkts..I am 74yrs young and really like to learn how trade with some degree of competency. I truly am a newbie, but have a tiny bit of knowledge of the forex mkts. I did like the way u showed ur examples and actually saw some of the things u were trying to explain. Albeit just a few of ur ... The demark forex trading strategy is a price action trading system that has really good risk:reward ratio if a trade works out as anticipated.. The creator of this trading system is a guy called Tom Demark.. The demark trading system is actually a trendline breakout trading strategy but with a slight variation:. the most recent highs (peaks) and lows (troughs) are used to draw the trendlines. Jul 2, 2018 - Download Free Forex Nice Guy Ridiculous Trading System developed for metatrader 4 trading platform to produce most accurate buy and sell signals. Click Here To Find Mack's Price Action Trading Manual! Click Here To Learn More About Our Premium Membership! Welcome to the Price Action Trading System Home Page. Our main goal here at PATs is to offer you trading information and trading strategies that are based on price action entries, best known as Price Action Trading.Everything you need to know about where prices are headed can be found ...

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Forex trading price action master class - YouTube

It doesn't matter what Price Action trading strategy you choose to use, to be a successful trader, you still need to know exactly how the market works, and w... Join the FX Evolution team as they break down advanced Price Action strategy as you learn how to correctly identify support and resistance levels. Boost your... Download my tools: https://www.theforexguy.com/download/ In today's Forex price action trade tutorial, I wanted to talk a little on quality control, and how ... Learn #1 Price Action Strategy! ***FREE DEMO Click below - Want to learn how to use price action patterns to capture EXACT highs and lows? Interested in trad... #forex #forexlifestyle #forextrader Want to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and acces... Free signals group- https://t.me/forexvisitsignals For free Signals Contact me- [email protected] Subscribe my Channel to learn Price Action Trading Tri...

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