BellsEdge

Forex and futures trader. Student of Trader Dante.

[Bear Market Research @BMRGlobal]

Man words can’t describe how excited I am to finally share that I have teamed up with @xkeys_pi to create the first professional grade, readily available to the public, purpose built trading keypad!

Xkeys have built trading keyboards for some of the largest banks and prop firms. They are what I first used in prop many years ago and I designed this keypad to those exact specs! Built for speed and efficiency!

Like and retweet this post and I will be giving two of these away!

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[BellsEdge @bellsedge]

@ChimeraCapitalE @Trader_Dante Nice work mate

[BellsEdge @bellsedge]

@j_stredder Basically looking to start a trading pod with 2-4 experienced traders who trade the Dante swing strategy. I’ve been trading it for 4 years with good results but Lance Breitstein has got me on to the benefits of a trading pod. DM me if you’re interested

[BellsEdge @bellsedge]

@j_stredder Hi mate was gonna DM you about something similar, had some thoughts

[BellsEdge @bellsedge]

@Raentrading @jigsawtrading @MotiveWave @SierraChart @CQGInc @NinjaTrader Great work. Any update on when Eurex can be added to current CME only accounts?

[BellsEdge @bellsedge]

@baynkr It’s past 3am in Aus looks like I’ll be pulling an all nighter for this sign up 😳 but worth it for an opportunity like this

[BellsEdge @bellsedge]

@baynkr But even if it were accurate, for a profitable strategy we need to know more than this. We need a systematic entry, stop loss, and target with a sufficient R that aligns with the win rate of the strategy.

[BellsEdge @bellsedge]

@baynkr This is a great post that really highlights the limitations of datasets like this. You can’t take the probability of a price pattern that covers 5 years of different market conditions and expect it to accurately predict tommorrow’s price action.

[BellsEdge @bellsedge]

@baynkr It’s like looking at the total number of rainy days in the last 5 years and using it to predict tomorrow’s weather, it’s not going to be accurate. If 30% of days in the sample are rainy this doesn’t equate to a 30% chance of rain tommorrow. What if it’s the rainy season?

[BellsEdge @bellsedge]

@trader_sazid Took this as well, decent setup. Was one of the few times where I didn’t regret closing with evolving R (and luckily was in the right Timezone to do so!)

[BellsEdge @bellsedge]

@TradingInTheNow Also having a backtested, clear set of rules as to (1) what circumstances you will take profit early and (2) when you are permitted to exit a trade before it hits the stop loss

[BellsEdge @bellsedge]

@MoneyTradeEdge Definitely need to add meditation to (2) 🧘

[BellsEdge @bellsedge]

Both are excellent mindsets for discretionary traders and adopting both at the same time is optimal.

1. Filter your trades so only the highest quality setups are taken.

2. Accept the full risk by having the expectation that you will be stopped out.

The first will lead you to take better trades, the second will put you in an advantageous psychological position where losses won’t affect you as much.

[BellsEdge @bellsedge]

@willssfx This is spot on. We tend to believe that all losers result from mistakes, and the same mental tendency leads us to believe all winners result from good decisions - neither of which is true. This quirk of the mind is one the biggest barriers to trading in a consistent way.

[BellsEdge @bellsedge]

@heart_ That guy couldn’t wait to ruin himself, at least you’re biding your time waiting for the best moment

[BellsEdge @bellsedge]

@tradertheory “Hustle beats talent when talent doesn’t hustle” - unknown

[BellsEdge @bellsedge]

@trader_sazid Had the same - beautiful reaction and great start to the week 👌

[BellsEdge @bellsedge]

@wannabechamp Trick question - backtesting without forward testing is just a study of the past, forward testing without backtesting is just a random guess of what might work in the future. But backtesting AND forward testing = a scientific approach to profitability.

[BellsEdge @bellsedge]

Here are your odds for the week ahead...

Weekly patterns
DAX / GER40 - Weekly bearish engulfing
⬇️ 43%, 43%, 40% odds of a close lower on week 1/2/3 respectively, over the last 20 years.
⬇️ 37% odds of price travelling lower by 1x the range of the bearish engulfing, before the high of the bearish engulfing is taken.

Crude oil futures / USOIL - Weekly bearish pin bar
⬇️ 32%, 42%, 47% odds of a close below the low of the bearish pin bar on week 1/2/3 respectively, over the last 20 years.
⬇️ 53% odds of price travelling lower by 1x the range of the bearish pin bar beneath the bearish pin bar low, before the high of the bearish pin bar is taken.

Daily patterns
ES / US500 - Daily bullish engulfing
⬆️ 59%, 60%, 60% odds of a close higher on day 1/2/3 respectively, over the last 10 years.
⬆️ 51% odds of price travelling higher by 1x the range of the bullish engulfing, before the low of the bullish engulfing is taken.

#ES #US500 #CRUDEOIL #USOIL #FDAX #GER40

[BellsEdge @bellsedge]

@KingSammy600 @8Zambada8 @tradertheory Buy intraday at the clearest naked 1H support level