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“I always define my risk, and I don’t have to worry about it. I don’t think you can consistently be
a winning trader if you’re banking on being right more than 70 percent of the time. You have to
figure out how to make money being right only 30 to 40 percent of the time. Whenever I enter a
position, I have a predetermined stop. That is the only way I can sleep. I know where I’m getting
out before I get in.”
Risk control is the most important thing in trading. If you have a losing position that is making
you uncomfortable, the solution is very simple: Get out, because you can always get back in.
If you have well defined setup , you would be able to instantly recognize good opportunities
and enter or exit them.
If you have well defined setup you will know instantly your entry, exit stops rules and not
be a clueless person post entry. You will not be asking others what you should be doing.
If you have well defined setup, you will not be easily influenced by any and every new tactic
people talk about or sell as the new new thing.
If you have well defined setups you would not be making new rules and adjustment
everyday.
Setup selection is the only way to eliminate the problem of cognitive load involved in
trading.
Sooner you understand that the better it is. Key to “profitable” trading is setup selection.
In the beginning master just 1 or 2 basic setup. It will take you 3 to 6 months to perfect it.
Most people who have very well defined setups have taken 5 to 10 years to arrive at it. This
series of posts will help you compress that period to 3 to 6 months if you seriously put your
heart or soul in to it.
and you just need one or at best two well defined setup ideas to make lot of money in the
market. A good setup idea can change your financial future forever…..
It is my contention that you only need to trade 2 or 3 solid proven setups that meet your risk
tolerance and personal style to be sucessful in this business.
4minggu
192 op perbulan,
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+ 2928
A solid tradeable pattern can be identified just by looking at price and volume. Many including
myself will argue that you can be profitable with just price and volume patterns on your charts. I
will admit that I am not a purist in that respect.
Plan Your Trade......And ..Trade Your Plan. You only need to master one setup to be a
consistently profitable trader. Screen time will allow you to master one setup. After
you have mastered one setup "own it " you can add another setup.
Everything is possible in this market, and nothing is predictable. All we must do is that we wait
for the “trade setups” to form on the chart, and then we take positions.We are not fortune
tellers. We are traders. In trading, we don’t predict the price direction. It is impossible to do that.
All we must do is that we wait for the “trade setups” to form on the chart, and then we take
positions. Trade setups make us expect the price to take a special direction. Even after forming
of the strongest trade setups, we don’t know what direction the price will take.
They want to “predict” the price direction through thinking and over-analyzing. Many of
them take positions when they come to a conclusion. And in most cases they lose.
1. You can only focus on some special signals that are the strongest, and forget the rest. This is
what I do too.
2. I look for the strongest signals and ignore the rest.
3. That is why my success rate is high.
2. Dengan membuat trading plan dan risk management sebelum entry sehingga memperbesar peluang
untuk sukses
3. Diperlukan disiplin dan kesabaran agar metode ini bisa bekerja dengan maksimal
KRITERIA.
Pair
1. AUD USD
Trade di H8,
D1