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How to Create a Trading System:
Step 1: Determine the type of trader you'd like to be. Scalper, Level to Level, or Swing Trade.
Scalper = LTF quick moves with momentum, cut quickly when market turns against your position. Very time consuming & high management.
Step 6: NEVER VIOLATE YOUR RULES!
You trade as a machine. Emotions are a distraction and you want to mitigate their effect on your trades. That's why no trade is entered that isn't part of the system and with clear targets and Stop Loss in place!
DON'T GAMBLE.
I also feel Ford has a noteworthy chart with the descending triangle worth paying attention to.
tradingview.com/x/DqBdmxa4/
Found some Interesting Traditional Assets with Divergences on the 1w TF. Maybe worth looking into.
Bullish - VOD & VFC
Bearish - TJX, SBUX, ROST & AFL
@ColdBloodShill Thoughts?
ROST - 1w Bearish Divergence, RSI Only
tradingview.com/x/Ia7x3v3V/
AFL - 1w Bearish Divergence, RSI Only
tradingview.com/x/yLqwJdRB/
#SOL Posted without comment. No idea if I can just draw cute lines or if it means anything.
tradingview.com/x/iUkrhyux/
#teslastock
Beautiful bounce off the marked $109 area. If we can consolidate bullish support I'd like to see a bearish retest to the $150 region. Happy to take a few profits off the table at intervals along the way up, don't get greedy, trend is down.
tradingview.com/x/r3WcCHOQ/
#teslastock lose of the $150 area was done with less fight than expected. Holiday Low Liquidity or market just doesn't care? 1d is entering OverSold area. If Capitulation, would look for $109 region for long. Longs for bearish retest of $150 until flipped.
tradingview.com/x/GWbb5x1R/

