Trading as a master trader
Jun 23 at 08:30
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14 Replies
Jun 23 at 08:30
Candlesticks anatomy of morning star is real working but other factors like technical and fundamental analysis are used can you tell me your technical and fundamental analysis,what do you consider
Maybe not today maybe not tomorrow but only one day i am going to be a champion
會員從May 08, 2023開始
88帖子
Jun 23 at 20:25
You identify the trend, check RSI for a better understanding of the assets price situation, and I look at volume as well which is always important. Once all that is done I will check out the candlesticks to verify my take of the market and proceed to find the proper entry.
Jun 24 at 14:37
When analyzing a morning star candlestick pattern, I complement it with both technical and fundamental analysis. Technically, I look for confirmation with indicators such as moving averages, RSI, and MACD to assess momentum and trend strength. Fundamentally, I consider economic indicators, central bank policies, and geopolitical events that could impact the underlying asset's price. This combination helps validate the pattern and enhances the accuracy of my trading decisions.
會員從Aug 13, 2024開始
34帖子
Aug 21 at 10:04
I use the Morning Star pattern as a reliable signal, but I don't rely on it alone. On the technical analysis side, I look at support and resistance levels, RSI and moving averages to confirm the trend. On the fundamental side, I study news, economic reports and market sentiment to understand the big picture. It's all about combining these factors to make smarter trades.
會員從Aug 10, 2024開始
2帖子
Aug 22 at 11:32
The Morning Star candlestick pattern is a strong reversal signal, but it works best when combined with technical and fundamental analysis.
Technical Analysis: I look at support and resistance levels, trend lines, moving averages, RSI, and volume to confirm the pattern's strength.
Fundamental Analysis: I evaluate the company’s earnings, news, market conditions, and economic indicators to ensure the broader picture aligns with the technical signal.
Both analyses together provide a more reliable basis for decisions.
Technical Analysis: I look at support and resistance levels, trend lines, moving averages, RSI, and volume to confirm the pattern's strength.
Fundamental Analysis: I evaluate the company’s earnings, news, market conditions, and economic indicators to ensure the broader picture aligns with the technical signal.
Both analyses together provide a more reliable basis for decisions.
Sep 09 at 19:06
As for me i risk more than what i receive per trade
Forexample i am a scalper trader i risk 20% per trade but i receive maybe 10% as a reward from the profit so I'm asking whether other traders face the same problem like mine or not
Forexample i am a scalper trader i risk 20% per trade but i receive maybe 10% as a reward from the profit so I'm asking whether other traders face the same problem like mine or not
Maybe not today maybe not tomorrow but only one day i am going to be a champion
會員從Aug 13, 2024開始
34帖子
Sep 17 at 09:14
Kidaha posted:I'd say risking 20% per trade sounds a bit high, man. That can wipe out your account pretty fast if things go south. I used to do something similar when I started, but over time I realized that keeping the risk lower per trade—like 1-2%—keeps me in the game longer, especially during bad streaks. If you’re scalping, maybe focus on refining entry points or reducing the size per trade to balance the risk/reward ratio better. You ever think about adjusting that, or does the higher risk work for you consistently?
As for me i risk more than what i receive per trade
Forexample i am a scalper trader i risk 20% per trade but i receive maybe 10% as a reward from the profit so I'm asking whether other traders face the same problem like mine or not
會員從Oct 28, 2024開始
13帖子
Oct 31 at 13:54
winstartoday69 posted:Kidaha posted:I'd say risking 20% per trade sounds a bit high, man. That can wipe out your account pretty fast if things go south. I used to do something similar when I started, but over time I realized that keeping the risk lower per trade—like 1-2%—keeps me in the game longer, especially during bad streaks. If you’re scalping, maybe focus on refining entry points or reducing the size per trade to balance the risk/reward ratio better. You ever think about adjusting that, or does the higher risk work for you consistently?
As for me i risk more than what i receive per trade
Forexample i am a scalper trader i risk 20% per trade but i receive maybe 10% as a reward from the profit so I'm asking whether other traders face the same problem like mine or not
I agree with your opinion. for two reasons:
1- Most indicators have buffers in their calculation formulas that perform better in predetermined data.
2-Many of the indicators in the live market change color with the change of data in the final candlestick with the ticks of the market and give an error signal, but this does not happen in the past data and you have a better result than the previous period.
3- There is no tool for backtesting the indicator in the Metatrader tester that can calculate and verify the results like the experts.
I hope I have given you a good explanation
If you want, we have products where the above is modified and you can check them carefully for scalping strategies in Metatrader 4 and 5 tester.
附件:
Together, we can unlock endless opportunities and achieve your desired results.
Nov 01 at 16:01
It's a great initiative to start the discussion about strategy development. I've always found biases in manual trading, and I'm sure you have, too. There is more psychology involved than the absolute viability of the strategy itself. That's why I've reverted to creating my own expert advisors that trade the market without psychological bias. The longer my track goes live, the more confidence I build in its execution and realistic profitability. Here's just an example of my system that is realistically profitable in the long run unlike all systems on the market with some dangerously attractive strategies built in (martingale, grid, averaging, HFT, arb etc.). There's no magic about it, just profitable and sustainable RRR and realistic mean reversion entries/exits.
https://www.myfxbook.com/members/SATrading/s1-track-record/11189934
Yes, its account size is $100 which I choose to show, as it is a master account that routes into my larger retail and institutional client accounts. And yes, I did only join as a member a few days ago, I understand this looks like a post that is very commercial... just like my previous posts that got some criticism (inevitable here). The more I post, hopefully I can get my message out there to as many people as possible to help them understand what realistically strong profitability is.
But, I do want to help in any way I can to give some free advice and tips to those looking to create algorithmic strategies without shortcut trading methodology (martingale, grid, averaging, HFT, arb etc.) that they can have faith in without bias.
https://www.myfxbook.com/members/SATrading/s1-track-record/11189934
Yes, its account size is $100 which I choose to show, as it is a master account that routes into my larger retail and institutional client accounts. And yes, I did only join as a member a few days ago, I understand this looks like a post that is very commercial... just like my previous posts that got some criticism (inevitable here). The more I post, hopefully I can get my message out there to as many people as possible to help them understand what realistically strong profitability is.
But, I do want to help in any way I can to give some free advice and tips to those looking to create algorithmic strategies without shortcut trading methodology (martingale, grid, averaging, HFT, arb etc.) that they can have faith in without bias.
Nov 04 at 10:29
Agreed. Every trade need a proper fundamental and technical analysis in order to understand what is happening to trade. You cannot jump to conclusion after seeing the chart, you need to check the pattern based on the past trends to find out the future trend.
會員從Oct 28, 2024開始
7帖子
Nov 04 at 13:41
As you say the fundamental is also important. Most traders ignore this but it is so important to get a market directional bias
會員從Oct 28, 2024開始
13帖子
Nov 04 at 15:56
Definitely, news and economic events are the factors that move the market, but these same economic events create patterns that can be verified with technical analysis.
附件:
Together, we can unlock endless opportunities and achieve your desired results.
會員從Oct 16, 2024開始
8帖子
Nov 11 at 12:38
Kidaha posted:From my experience, a Morning Star is a strong reversal pattern, but I always combine it with other tools to confirm the move.
Candlesticks anatomy of morning star is real working but other factors like technical and fundamental analysis are used can you tell me your technical and fundamental analysis,what do you consider
Technical Analysis:
I check support/resistance levels to see if the Morning Star aligns with key areas.
Use moving averages (like 50 or 200 MA) to confirm trends.
Look for divergence on RSI or MACD for additional confirmation.
Fundamental Analysis:
I always consider economic news—especially interest rate decisions, inflation reports, or geopolitical events.
If there’s a major event that could impact the currency, I wait for the dust to settle before entering.
For me, technical gives the setup, but fundamentals tell me if the trade has the momentum to follow through.
會員從Aug 18, 2019開始
52帖子
Nov 11 at 19:55
I believe combining both technical and fundamental analysis is key to successful trading. For the Morning Star pattern, I confirm it using technical indicators like moving averages and RSI, as well as checking key support and resistance levels. Fundamentally, I always account for news, such as economic reports or interest rate changes, that can affect the market’s momentum. A blend of both methods gives me confidence that the trade will follow through. Combining these elements strengthens my strategy and trading decisions.
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