Notes on Apr 5, 2022
14:08 minutes
Crypto Academy - Technical Ninja
Risk Disclaimer: Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. “Risk capital” - is money that can be lost without jeopardizing one’s financial security or lifestyle. Only “risk capital” should be used for trading and only those with sufficient risk capital should consider trading. iMarketsLive is not a licensed financial advisor nor does it give out financial advice. The user of IML products and/or services assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
How to identify an Entry Point trading on Margin
How to identify an Entry Point trading on an Exchange
Brainstorm
Markets
What is my daily/weekly/monthly goal
How much does price move on a typical day
Am I trading, investing or both?
Take 10 minutes & write down all concepts you think may be useful in your trading strategy.
Example:
Harmonic Patterns
* Quarter Level Theory
Elliot Wave Theory
RSI
Bollinger Bands
*Moving Averages
Stochastics
MACD
ADX
Engulfing Candlesticks
*Order Flow (Supply)
Trending Markets
Economics Events (News)
Volume Bars
-Fibonacci
Chart Overlays (Line, Renko, Heikin-ashi, etc)
Channels
Trendlines
-Momentum
Fisher Transformer
Support & Resistance
*Moon Phases (Lunar)
Rate of Change
Point of Control
*Sentiment
Breakouts
Divergence
Averaging Down
Hedging
Arbitrage
Pivot Points
Ichimoku
Entry Confirmation
Define Specific Rules for Entry (Simple Checklist)
Use Limit Orders at areas of Confluence
Plan your Reward to Risk parameters in advance
100 Pips on (micro) 0.01 = $10
100 Pips on (standard) 1.00 = $1000
*Choose Quality rather than Trading a Large Quantity
In Summary - You can effectively prepare to take a position in the market prior to the movement happening with patience and practice to achieve precision and minimal drawdown.
Create clear rules that work for you and always understand why you are taking the trade.