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Trading

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6 views

Trading

Uploaded by

fxjoyroyce
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
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WORK SCHEDULE

COMPLETE MAJOR PORTIONS OF TRADING ...MAKE IT COME NEAR TO A MECHANICAL SYSTEM


TOPICS TO COMPLETE
money management =
2.risk management = i will risk o.5% = $250 per trade

3.price action = trend identification in H1 refined by 15m-TF price structure


analysis ; 5m-TF break retest + candle confirmation [analysis]
2 types of SnR ---1.5m TF level refined by 15m TF
2.H1 TF level refined by 15m TF

4.position sizing = it will automatically calculated by the MGKT

5.candlestick pattern = hammer,engulfing,bullish engulfing sandwich pattern

6.chart pattern = double top/bottom can be sometimes triple also , HNS nrml/inv.
{4}

7.support/resistance = {5m- for break and retest only} ; {5m/15m - 5m levels


refined by 15m} SNR for Targets ; H1 for big level

9.emotions----overconfidence = 1.Don't let your ego get in the way of your trading.
It is easy to start believing that you are better than everyone else after a string
of successful trades. However,
this can lead to traders making bad decisions and
losing money. It is important to stay humble and remember that you are still
learning.
2.Reevaluate your trading strategy. If you have been
successful in the past, it is tempting to stick with the same trading strategy.
However, it is important to
reevaluate your strategy regularly to make sure
that it is still working. If you are starting to feel overconfident, it may be a
good time to make some changes to your strategy.
3.[a]Track your trades. This will help you to see
where you are making mistakes and where you can improve.
[b]Get feedback from others. Talk to other
traders, read trading books, and attend trading seminars. This will help you to
learn from others and avoid making the same mistakes.
[c]Be patient. Trading is a long-term game. Don't
expect to become a successful trader overnight. Just keep learning and improving,
and eventually you will achieve your goals.

10.depression---1.performance anxiety = who have experienced a string of


losses.fear of making a mistake that could lead to a loss.
2.Setting realistic expectations for yourself can help to reduce
the pressure you feel to perform perfectly
3.Remember that everyone makes mistakes. Even the best traders make
mistakes from time to time. It is important to remember that making a mistake is
not the end of the world.
4.Focus on the process, not the outcome. Instead of focusing on the
outcome of each trade, focus on the process of trading. This means following your
trading plan and making decisions based on your analysis.

11.traps = fakeouts--breakout[SnR] dega par reverse ho jayega{avoid those trades


using rsi divergance method + wait for candle confirmation before doing anything
+ trade in the dirn of trend}

12.indicators = EMA 13 , RSI , Session


13.tools = MGKT

14.stoploss = it should be placed below[buys];above[sell] the confirmation candle

13.entry = take entry at the break of confirmation candle high[buys]/low[sells]


break

15.trailing stoploss = 1:1 achieve hote hi SL to breakeven kar dena hai

16.pre market analysis----1]Analyzing technical indicators: I analyze technical


indicators to see if there are any patterns that
suggest the gold market is about to move in a
certain direction. This includes indicators divergence the relative strength index
(RSI)
2]Checking the order book: I check the order book to see
where the buy and sell orders are concentrated. This can give me an idea of the
overall sentiment in the market and whether there
is more buying or selling pressure.
3]Reviewing the news: I review the latest news headlines
to see if there are any major events that could impact the gold market.
This includes news about the global economy, interest
rates, and inflation.

33.post market analysis----1]Reviewing the day's price action: I review the day's
price action to see how the gold market performed and if there were any major
trends or patterns.
2]Analyzing my trades: I analyze my trades to see if I
made any mistakes or if there are any adjustments I need to make to my trading
strategy.
3]Looking for opportunities for the next day: I look for
opportunities for the next day by reviewing the news, analyzing technical
indicators, and checking the order book.
"Be flexible: The market is constantly changing, so be
flexible with your analysis. Don't be afraid to adjust your trading strategy if the
market conditions change."

17.strategy---price action 5/15/h1 + rsi divergance

18.winrate----60-70% in 10 trades

19.journal---record[risk-reward,why you entered the trade, what you were expecting,


and how you felt when the trade went your way or against you,
Analyze your trades: This includes identifying what went well,
what could have been done better, and what you learned from the trade.]
Be detailed: The more detail you include, the better you will
be able to learn from your trades.
Be consistent: Journaling your trades should be a regular part
of your trading routine.
20.scalping /intraday = price action 5/15/h1 + rsi divergance

21.swing = h1/h4/h12 tf mein backtest strategy

22.liquidity =
23.volatility =

24.risk reward = min.[ 1:1.5]RR ; max.[1:5]RR

25.bull/bear/sideways market = H1 trend


26.rules---1. emotion is a trap[avoid traing when emotionally charged,set stoploss
pending orders]
2. loss hogaya toh,accept it,we have to catch the best trade everyday
3. lack of discipline--Deviating from your trading plan or abandoning
your strategy due to impatience can be detrimental.
To manage this trap, follow your trading plan diligently and
avoid making spontaneous decisions.
4. dont take multiple entries in a single place,if stoploss happens then
wait n identify mistake ,dont over t5rade..we just need good risk reward
ration ...and that we can get in an7y place
5.unrealistic expectation nahi rakhna hai ,market mein risk reward basis
mein khelo

27.market sentiment--Order book: The order book can provide you with information
about the buying and selling pressure in the market.
A large number of buy orders suggests that there
is bullish sentiment in the market, while a large number of sell orders suggests
that there is bearish sentiment in the market.
28.backtesting---
[a]Sunday:
Review your trading performance from the previous week and identify any areas where
you need to improve.
Backtest one or two of your trading strategies on a 5-minute timeframe with RSI
divergence.
[b]Monday:
Backtest one or two of your trading strategies on a 15-minute timeframe with RSI
divergence.
Review the results of your backtesting from Sunday and make any necessary
adjustments to your trading strategies.
[c]Tuesday:
Backtest one or two of your trading strategies on a 1-hour timeframe with RSI
divergence.
Review the results of your backtesting from Monday and make any necessary
adjustments to your trading strategies.
[d]Wednesday:
Backtest one or two of your trading strategies on a combination of timeframes with
RSI divergence.
Review the results of your backtesting from Tuesday and make any necessary
adjustments to your trading strategies.
[e]Thursday:
Take a break from backtesting and focus on other aspects of your trading, such as
market analysis or risk management.
[f]Friday:
Backtest one or two of your trading strategies on a different asset class with RSI
divergence.
Review the results of your backtesting from Thursday and make any necessary
adjustments to your trading strategies.

29.forward testing---tradingview mein different profile bana ke perday analysis kar


buy/sell laga do
30.fundamental----1]Global economic growth: Gold is often seen as a safe haven
asset, so I pay attention to global economic growth. If economic growth is slowing
down, investors may be more likely to buy gold as a hedge against risk.
2]Interest rates: Gold is inversely correlated with interest
rates, so I pay attention to interest rate movements. If interest rates are rising,
investors may be less likely to buy gold.
3]Inflation: Gold is also a hedge against inflation, so I pay
attention to inflation data. If inflation is rising, investors may be more likely
to buy gold.
31.timeframe = 5m,15m,H1 only

32.stressed = 1]Take breaks: It is important to take breaks throughout the day,


even if it is just for a few minutes. This will help you to clear your head and
come back to trading with a fresh perspective.
2]excercise,meditation-chakra[morning],traders meditation after 4
pm,listen to music[relaxing]
3]set realistic expectation=Don't expect to be a perfect trader
overnight. Everyone makes mistakes. Just focus on learning from your mistakes and
improving your trading skills over time.
4]Don't trade when you are emotional: If you are feeling stressed,
angry, or anxious, it is best to avoid trading. These emotions can cloud your
judgment and lead to bad trading decisions.

questions to be answererd

3.time to diwali/work------august,september,october,nov 10 diwali


4.make a playbook
5.attacks which can happen after success-----1]mind,bussiness,health,family
relations--- bandhan/nazr/tona
6. finish jared tendler course-----then call anxiety depression to cure more
7.magic keys tutorial,trailing stoploss
8.emotions wale part mein aur bhi add karo

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