Cut one bad habit at a time:
🔻🔻🔻
Emotions:
Build trust in your plan by testing its profitability
FOMO:
Stick to clear rules to avoid impulsive trades
Over-trading:
Limit your focus to 3 pairs to prevent excess trades
Greed:
Use a set risk-to-reward ratio to stay disciplined
An elite trader is defined by their character:
➣ Focus
➣ Patience
➣ Discipline
➣ Resilience
➣ Adaptability
➣ Consistency
➣ Emotional control
Master these traits, and success will follow
#xauusd Weekly Recap💎
Second Week of August 2024
(: Monday = Ny Reversal
(: Tuesday = Ny Continuation
(: Wednesday = Ny Reversal
(: Thursday = Ny Continuation
(: Friday = Ny Continuation
60-second crash course on my strategy.
What gets me into a trade? Where does my stop loss go? What signifies an entry and an exit?
💡 We're looking at the four-hour time frame, specifically platinum.
💡 Each line on my chart means something. I have an upward and a downward line.
💡 I wait for a break and set alerts. When one line breaks, it becomes my action line, and the opposing trend line is my safety line.
💡 If the next candle confirms the break, I enter the trade.
💡 My risk goes on the other side of the upward trend line. As long as the price stays above this line, I stay in.
💡 If the initial break doesn’t convince me, I wait for the next one.
💡 The closeness to the opposing trend line makes me confident and willing to go heavier on this low-risk setup.
Share it with your trend line traders friends!