Enlightned Traders

    💥💥Recipe of successful trading 💥💥 🚥To understand any trading system we need to read at least 10 times . 🚥Den we need 1month demo practice with our created slides Den we understand 80% of mkt 20%luck.  🚥And money management + avoiding news time+avoiding bad markets + avoiding emotions = trader 🚥 it's like walking on rope of broken beer bottle that's today's enlightenment 😂😂

A thought on trading ranging market : Thought includes the multiple time frame analysis or top down analysis approach when we see ranging market like this it's a fact that on higher timeframe the complete range is nothing but spinning top candle and from physiology of spinning top candle buyers present at low of spinning top and sellers are present at high of spinning top so the idea here is to trade when body in ranging body touches either high or low of ranging market or we can assume on higher time frames lower wick or higher wichk is touched by body in lower time frame candle body then next 1 candle will reverse depending on weather it touches lower wick (then call option) higher wick (then put) option 

Good mkt  gaandu mkt 

Now we entered second phase of planing in trading challenge  🚥 Which starts we using  🚥Which time frame we using  🚥Which levels should be present on chart 🚥What is stoplos/target per day 🚥 Do we compound or fixed trade  🚥 Do we take fixed 10trades daily or we leave market once target reached Step 2:: Now we finalised strats but question is what we want to achieve from them  💡💡algorithem for our trade💡💡 💡we trade 3d setup 2min (drawing levels for 5m tf is optional den we can trade 5mtf too)  💡 in mean time we search for bull bear breakout setups 5mtf  💡we draw levels of boilinger band closed outside level for 5min tf 💡We draw all this levels for 4curruncy pairs and wait lvels to reach patiently 💡and in 2m tf if ny duble top or double bottom dynamic setups formed we discuss 💡💡💡plz add your sujjestiin for this 💡💡💡 💥💥💥plz plan ny money management i am weak at planing money management💥💥💥 Step 3 :: And if you intrested shall we dis...

Some time it's hard to understand to know we need to wait for right opportunity to enter trade we just need to wait till all entry conditions met then itm is sure No matter which trading system we follow we should understand that our trading system is un-complete till it's able to tell us which trade we need to avoid rather than when to take trade . So our trading system should tell us clearly when we need to take trade and when we should avoid trading when market mimics a trading opportunity.

Are we using price action to just satisfy our egos to call ourself as price action traders if indicator makes decision process easy it's not a bad idea to have indicators in our trading system because market never mind us using indicator or price action or hybrid strategy of both what matters is if our analysis is correct market reward us for our analysis . When we have too many proven good startergies we often get confused about which strategy to use which time . But it's OK to switch between startergies trading systems price action or indicator based trading instead selecting which type of trading method we select our goal must be making profit in market no matter we use price action ,indicator based trading, or volume price action  --just a thought

  ABOUT: Hammer candle stick is a reversal pattern usually it formed at the bottom of the price  If the hammer candle is formed at support the possibility of next candle green is anticipated  Physiology: The sentiment of hammer candle shows that the buyers in control and buying pressure Nd possibility of next candle will be taken by the buyers only  ENTRY: When you spot hammer the entry should be taken on next candle on confirmation of support level . If candle took rejection from support line from down to up we have to open a trade . Following video shows about how we can trade hammer candle  https://youtu.be/gfbYjPaPgqo