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Wednesday, August 1, 2018

How to Identify your Strength In Trading



My Recorded Trades
A Detail Journal since it was recorded in video both win and Lost Trade But To Extract Progress report are not visible Not Recommend (HUWAG TULARAN AABOTIN KAYO NG 3years)




Candle Stick PatternJuly 27https://youtu.be/alfwqGhyVV0
Pivot/Support/RessJuly 29https://youtu.be/JV321YslfH8
Stochistics/FundamentalAug 8https://youtu.be/x0xH8kR19HUwipe out
Head and ShouldersSept 18https://youtu.be/BQystazaMhk
Head and shouldersOct 8https://youtu.be/oUzDU9s4qGA
Pattern / Support/RessOct 9https://youtu.be/kNStE77somo
Moving Average SwingNov 27.https://youtu.be/D7AugjAM4vU
Candle stick PatternDec 13https://youtu.be/AH0qVGyT6nswipe out
Head and shouldersJan 28https://youtu.be/O9wojFEbTZY
Harmonic PatternFeb 17https://youtu.be/O9wojFEbTZY
Divergent Head and shouldersMarch 12https://youtu.be/li30sxH6j6o
No recordedApril Wipe out
No recordedMayWipe out
pattern Junehttps://youtu.be/r03HICkSi2Y
Harmonic PatternJulyhttps://youtu.be/i298d4k2Wb4
Divergent Head and shouldersAugusthttps://youtu.be/OTHlJ_VkpHA
Harmonic combine HSSept 2017
Structure Head and ShouldersApril 2018
Divergent Head and shouldersMay 2018Hit Consistancy




Recomended Way to Extract Progress Report
  1. You Can easily distinguished the Relationship of your Lost trade to Your Strategy and System
  2. Extracr total number of trade plan, Trade Executed, Win and Lost Trade
  3. Identify Number of pips in Win and Lost trade
  4. Can identify where the problem is System?, Strategy? You your self
  5. Type of trade  and time frame
  6. Can easily locate scenario that you always win and loose
Example Below





To be able to know your strength better dig deep on this 5 basic tradings. 
1. Do some Research on this 5 basic foundation
      A. Support and Ressistance (Choose time frame thta is easy for you)
      B. Fibonacci (Choose Pattern that is easy for you to apply fibonacci)
      C. Candle Stick (Identify Candle that will provide direction)
      D. Moving Average (Understand different value and select that will fit you)
      E. Fundamental (RESEARCH)

2. Apply those learning on the market by back testing and creating trade plan, Execute a trade

3. Combine those basic trading to derive Trade plan find what is easy for you
    Easiest way you can understand the market flow
    Easisest way you can derive strategy to trade.

4. Journal everything including the lost trade, Make sure you documented the most number of win trade with detail reasons on it

5. Do not focus on winning a trade or the amount of dollars you create, to avoid being trap in gambling but focus how you prepare it (system), How you Execute it(strategy).

The longer you spend time on different basic trading the bigger your understanding of the market and the easier you could create system, and a strategy that can support your system. provided you focus on the basics that is easy for you to understand. to avoid confussion on your system and simplicity on your strategy.


After Months or Weeks of Gathering data you will be able to see the best trades that you create and the worst trades you made.  through this you will be able to understand your strength on Trading. and what to avoid on trading. Focus on your strength and figure out how you are going to have.

1. Consistent Analysis (Your system no short cut)
2. Uniform Execution of trades (your strategy)
3. Consistent Result.

You will know that it is your strength because you can easily explain your win and lost trade.

NOTE
It will be a big help to find Coach that have the same strength that you have.


Support And RessistanceFibonacci
1. understand Structure1. Understand Pattern
2. understand Higher high Lower high
2. Provide Accurate Entry
3. understand Time frame and relationship
3. Understand start and Reversal flow, continue and retrace
4. Good to combine with other basics
5. Money management
5. Give you idea where to Put your stop lost
6. Give you Idea where to put your Stop Lost
6. Give you idea where to put your Take profit
7. Give you Idea where to put Take Profit
7. Money Management
8. Combine to Support and Ressistance for accuracy
Moving AverageCandle Stick
1. good confirmation start of trend1. good confirmation start of trend
2. lessen Noises on market2. give you idea of entry
3. Ideal for Swing
3. combine with others good confirmation of entry
4. Partnered with candle stick for accuracy
4. Scalper
5. Understand Price Action
5. best partner Support and Ressistance same
time frame


Combine basic trading can help but also can confuse you. so make it simple as possible.
Example Combine Candle stick 1hr time frame to Support and Ressistance 15min will confuse me.



















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