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+1
EURUSD & GBPUSD Update
If nakahanap ka ng good entries here, for sure kumita ka na :)
+1
Update for NQ and ES
Are we still going to see an expansion higher?
We need to wait for now.
Mentorship is now open po for Batch 2!(β οΈWill increase price soonβ οΈ) Goal: - Matuto ng strategy na magiging confident kayo - Each move has a reason why this happened, why that happened. - Maging Consistent, slowly but surely. - Maging Profitable - Become a Funded Trader w/ big capital para mamanage mo ng maayos ang risk - Hinding hindi mo mamamanage ang low capital but we do have a way for that inside our mentorship - Proper way to trade TAKE NOTE: Ang ituturo ko dito sainyo is on how to TRADE PROPERLY. What I mean by that is, MAGIGING CONSISTENT KA and you will treat this TRADING CAREER as your BUSINESS. Iiwasan natin yung mga ways ng INSTANT YAMAN, pero hindi sustainable ways and hindi pang LONG TERM. Gusto ko and ofcourse ikaw din, maging pang LONG TERM BUSINESS na ito right? If interested ka, Enroll ka na π Pwede mo ako i DM sa personal Account ko Β» https://t.me/tradesbymerc_official
System, mindset, and risk management are all important, and some people say that mindset is the most important, while others say that risk management is the most important.
However, originally, everything is connected and forms successful trades, so there is no such thing as which is the most important.
System, mindset, and risk management are all interconnected.
If you think you lack one of them, you probably don't fully understand the other two either.
It is impossible to have perfect understanding of the system or perfect understanding of probabilistic thinking, yet not be able to manage risk.
That means you don't understand the other two either.
For example, if you truly have a perfect understanding of the system, you know the maximum drawdown and maximum consecutive losses that will occur when repeating the system 1000 times, so you will naturally adopt a position size and risk management with 0% bankruptcy risk to continue the system. You will not feel fear or anxiety at the points where you should enter, and you will more naturally trade based on probabilistic thinking.
In the first place, a system is not just about determining entry and exit.
A system is not meant to win the trade in front of you, but is premised on being repeated while generating losses and consecutive losses.
These understandings naturally promote probabilistic thinking, risk management, and ease the attachment to the results in front of you.
Before separating them into mindset problems or risk management problems, we must also consider that everything stems from a lack of understanding of trading.
Conversely, if you gain a deeper understanding of any one aspect, you will also further understand the other important aspects.
GM traders !
No confirmation entry given for BTC and ETH.
Let's see what forex market will do today,
We might see some consolidation on some pairs today except EUR. Reason I skipped trading this morning.
Monitor natin yung EURUSD π
+3
AUDUSD & NZDUSD Market Outlook π¦πΊπ³πΏπΊπΈ
- Bearish Overall
- IRL to ERL
- SIBI [D] Are well respected
- SMT b/w AU & NU
- Preferred to Trade NU(Weaker Pair)
#nzd #aud #usd #forex
+1
USDCAD Market Outlook πΊπΈπ¨π¦
- Bullish Overall
- IRL to ERL
- Looking to Long if we get a confirmed Breaker + Displacement
#forex #usd #cad
+3
EURUSD & GBPUSD Market Outlook πͺπΊπ¬π§πΊπΈ
- Bearish Overall
- SIBI [W] and Overlapping Gap well respected
- SMT b/w EU & GU
#forex #eurusd #gbpusd #eu #gu #usd
+1
NASDAQ & S&P 500 Market Outlook
- Bullish Overall
- Expecting price to react on this OB and SIBI of Daily
- After retracement, we might expect a Bullish Price action if we are disrespecting these Discount Arrays
- SMT b/w NQ & ES
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