Recovery_TA

Recovery_TA There's no greater freedom than financial freedom

31/08/2022



Swing traders:Avoid looking at all the timeframes from the one you're swinging on,look at 3 timeframes,1st one for target,2nd for clear entry then 1st for sniping those entries

Day traders:your trading timeframe is 15min timeframe it has the best setups in the business and it's also your entry which means your market structure has to be on H4

Scalpers:1min and 5 min is where your bread and butter is now make sure to always follow the structure on 30min it's important,scalp inline with it

Bear in mind....Don't look at more than 3 timeframes you'll confuse yourself

22/08/2022



10% rule

If you want to spend,for every ZAR1000 it means you can afford anything equal or below ZAR100,if you wanna spend ZAR1000 make sure you have ZAR10K

Don't spend more than you can afford,that's the fastest way to go bankrupt

Entries:On my previous posts i touched this part of the business now i hope and believe that whoever gets to see this wi...
22/08/2022



Entries:

On my previous posts i touched this part of the business now i hope and believe that whoever gets to see this will definitely do research and actually believe I'm onto something

Entries with high winning % are found after the market has broke up or down and actually retest the liquidity on the impulse move,this means the market will correct after breaking structure(not everyday)

You enter where the market has left an imbalance or OB which are about to be mitigated before we hit sky high or ground drop again(continuation)

You must must mark 50% of the IB or OB depending on what the market has given you then place your pending positions.

Have a profitable week📈📉🕯

19/08/2022



What follows below is definitely not a holy grail you'll need to back test and find those POI areas either in DA or PA zones

Liquidity

Liquidity is simply the cost to run the business,many of us are responsible for paying these costs because we aren't disciplined and patient enough....

Liquidity lies in these areas I'm going to mention...yesterday high/low...Equal highs/lows...Order blocks/Imbalances....mind you when looking for these areas there are more confluences involved for you to make a right market decision.

If by any chance you research about it and it's confusing you ask me on the page I'll clear it out for you

17/08/2022



Being introduced in forex trading is fun and exciting,you have goals set...yes it's nice but i think the most important thing to remember is that things won't always be smooth,things won't always go right...you'll meet alot of rough roads in the process that may discourage you and forces you to give up

Don't get discouraged,stay on that lane,if you have to change the road,do change it but don't change the destination...if you know where you going make sure you get there no matter the circumstances🙏💯

&Growth

17/08/2022



Market structure

This phase is more important than any phase in the business,know how to use different strategies with a single goal in mind
SnD-Using this law of supply and demand you're looking for the discounted areas(DA) and the premium areas(PA) which in the charts are normally the lowest and highest point price has touched
SMC-you must understand that SND is weak if you're relying on it alone,understand the concepts of BOS(Break of structure) as well as CHOCH(Change of characters)...once you understand this you know that if you can identify the SND zones you can now anticipate the next move when you include SMC and what I've mentioned below it
ENTRY-your entries lies after structure break this applies to swing traders and day traders mostly since scalpers don't hold trades that much...looking for entries find an UOB or UIB after BOS that the market will probably swap before continuation in that direction

'tComplicateTheseThings

14/08/2022



Not every information matters in trading,outline what'll increase your knowledge and probability of selecting winning setups

Here are 3 things to look at:

1.Market structure:Dealers will always target the PA and DA in the market,outline the current market behavior and anticipate what's coming on your right

2.Liquidity: Most of the PA and DA carries high liquidity in the market,understand what UIB,IB,OB means why they have to be mitigated before a continuation or shift to the other side

3.Entry: Every entry with high % of more money lies after BOS in every trend,once they BS expect a return to either mentioned on liquidity then execute trades

, ,

14/08/2022

The journey has been rough and glorious since last year October📈💯

It's all amazing when you focus on yourself and shut out the world if it brings no peace to you

30/10/2021

Stay humble,Honest with your work oneday the mocking will stop and they'll kneel before you🤘🏻

27/10/2021

Managing your trading account

-Risk management:Determined by the equity on your trading account(you can't make a million from $100 in a day) stop selling yourself dreams you'll suffer great loss

$100 Account:outline the trades you will take
$100 account:Your highest lotsize should be 0.02(Closing small losses is still a great way to blowing your account)
$100 account:daily target should be $50 or less(depends on your skills)
$100 account make sure your entries won't have a drawdown larger than your TP because a stoploss that's 50/50 with your TP is a gamble trade

Understand that as a trader looking to grow a small account you won't trade like a trader with 50k worth of equity(Don't sabotage yourself,slow progress is still great progress)

-Trade management:protect your trades at all times,make sure you lock and watch your trades it's part of your job as a trader but make sure you are set emotionally

Entry point:SL goes out of the range(25-30 pip away)learn the sniper entries
Entry point:profit by 30 pips or more(lock your trade at 25 pips) remember your target should be 45-50pips a day
Entry point:tail and monitor your trades watch your money grow

-Money management:don't just trade everything you see on the charts some things ain't worth taking.
Be selective as a trader,outline the type of trades you'll take and be wise about it.

Trader:I'll take trades during the London session(you'll trade Ms and Ws in most cases)make sure they're worth taking don't just take em sometimes there are no trades during that session
Trader:I'll take trades during NYC session(you'll be taking reversals most of the days but be flexible enough to understand that sometimes if not most of the time NYC will just continue the London session direction before we hit gap time)
Trader:I'll take trades during asian session(yeah it's hard to trade that session but it's possible)you look for the liquidity zones and your level count,if they took off high on Monday you know what to expect on the following day(stophunt low rise,it's not always the case though be flexible)

-Risk reward ratio:to increase your great chance of winning in this business you need to have your RRR at 1:3(make up what you're risking at 3 times) it gives you a great chance to succeed in the longrun,i won't talk about the 1:1 or 1:2 RRR no it's risky and not advisable

-Trading journal:it's a very wise idea to journal your trades,it gives you an opportunity to review your trades and see where you need to improv

26/10/2021

Searching for a breakthrough😥 toughest stage of this business

If i tell you where it all started with me you'll even think I'm making it up and i know some of you will just say nah this guy is wasting my time i don't care about his journey i don't care about the hardships he went through I'll do it better than him,yes you will but after hearing my story,motivation unlocks a certain level of grind in you if whatever you working on is truly something you want so bad

Man it took blood,sweat and tears to get here,this is not an easy business to excel in believe me,sometimes as good as you are or best as you are you'll wanna throw your trading devices as far as possible away from you because of how hard you fighting and it ain't adding up

Having the knowledge but no money to make deposits,Having money to deposit but no resources to use,nobody believing in you enough to offer help where you need it,switching through strategies,Fighting psychology,Praying for that one trade just to make it but still fail i mean giving it your all but still can't make it,I've been there through it all

The competition in this business is within yourself,You've been given so much different information and mislead by scammers now you don't know what to believe anymore and all that only sabotage you it's like a concrete wall blocking Mexicans from entering America

But understand that along the way you'll face turn back moments,taking those hits forcing you to give up,I'm here to tell you that you are in the right business don't quit not now not ever,if you follow the little information we provide for free and keep on connecting those dots you'll get it and who knows you might become a pro but you don't give up

It's always different for people we won't make at the same time don't chase other people's grind,don't give it a time limit just keep on practicing,researching,learning,asking believe me this is the last option of employment in my opinion looking at the state of our economies

I hope it inspires you to do great,i hope i deliver meaningful content to channel your trading journey as you go forward,I'm praying for you and supporting your hustle,Be strong

Peace🤘🏻🕊

26/10/2021

Trading is 80% based on psychology and 20% the rest

Any trader with skills and what not will suffer if psychologically they're not ready for the market that's for sure

Outlining how you're going to walk your trading journey is always a wise decision, it all starts from

TRADING WITH PURPOSE

I mean everything we do as individuals has a purpose in it,there's a reason why you went to school today, there's a reason why you went to work today,there's a reason why you want forex trading to work out for you

It's all about purpose,if you don't know why you are trading or what you're trying achieve through this business you're going nowhere fast believe me,Ask yourself why do you do what you do? Is everything I'm doing enough to get me closer to my goals??

PERSONALITY

I ain't making sense now, no i am personality has to do with your feelings,behavior and those things builds up your character either a bad one or a good one but if you got a good character the chances are you'll develop some good traits which is a + in this business

Why don't you teach yourself how to be patient?
Learn preparations skills
Develop some good work ethic

Those are good traits from character that has been built by a good personality

HOW YOU BECOME A GOOD TRADER

It's all in you, if you refuse to continue learning no matter how experienced you are,your knowledge will always be measurable and your trading skills will remain in that certain level

The business is changing everyday what used to happen last year is happening this year in a different way,be humble,be smart about knowledge,speak less and listen more,try doing some research,read books you'll get it

There's always something new to learn

EMOTIONS

Involves discipline,Anger,Fear and all those are major enemies in this business,nobody can teach you how to control ourselves we handle our money in so many different ways depending on how we got it

Discipline:respect your trading account it's your butter and bread without respecting your money you won't eat that's it...its hard but what's more harder is going to bed on an empty stomach

Anger:don't expect the market to play by your book losses are part of the business trading with anger only sabotage yourself and nobody else,blown account can't be saved you need to deposit again n that's a loss

Fear:without risking you ain't getting rewarded but your risk must be well calculated,get in the game it's what you signed up for

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Louis Trichardt

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