How to take profits in trading?

How to take profits in trading?

How to take profits in trading?

How to take profits in trading?

Today I’m going to talk about taking profits.
You probably ended up here because you are having problems taking your profits.
And what exactly is the problem?
Perhaps you will find the answer to your question in this blog.
Taking your profit is a very important element in trading.
And it will also determine a large part of your success in trading.
It is also the only time when you actually own the winnings.
The problem of not taking the right take profits can have several causes.
It could be psychological or maybe you lack the right insight in your trading strategy.
Let’s talk about the psychological aspect first.

Psychological aspect.

I think we all recognize it and everyone has certainly experienced it at least once.
For example, you have taken a very nice trade and you have your stop loss and your take profit, so let the trade run now.. Or not?
The price is moving in the right direction towards your take profit.
And now things can go wrong in your head in several ways.
Maybe you get scared and close the trade much earlier than your ultimate goal?
You want to have your profit because imagine the price turning against you again?
Then the price hits your target anyway and you regret going out earlier.
You could have made so much more profit.

Or this one I hear very often.
We go back to the nice trade we took and this time too the price goes very nicely to our take profit.
The price moves quickly towards our target.
But then it goes wrong again because you see the price moving towards target so quickly, you decide that you can move your take profit a bit more to get more profit on your trade.
I mean the price moves so fast towards your target right?
Okay you just moved take profit and now just wait for your nice profit!
But now price taps into your original take profit and reverses the other way.
Oh no were you too greedy then?
And when you analyze your trade again later, you also find out that your take profit made no sense at all and you did not stick to your plan.

So the most important lesson from this story is stick to your plan. And don’t let your mind play games with you.

Trading strategy.

And now about the technical aspect with the core focus on the higher timeframes lows & highs.
We as supply & demand traders combine these two with each other, the lows and the highs mainly represent a price range.
This price range can be determined on basically each timeframe, a lower timeframe to a higher timeframe.
I mainly use the higher timeframe lows / highs to have a good indication of the price range we traded in.
This varies from daily / 4h / 1h.

Within this range we find valid supply & demand levels that allow us to see where the institutional orders are located and the big whales that ultimately move this market.
So it is important to understand that we are learning to recognize the ultimate edges of the market, and to recognize these levels of orders.

These higher timeframe lows / highs we find our supply & demand levels on the lower timeframes which offers us potential opportunities as mentioned the sell / buy orders.
these supply / demand levels are located at 4h 1h m30 m15.

See below a number of examples on XAUUSD / US30.
Which you can use as a possible target, once again learning to properly apply the concept of supply & demand within these price ranges is also a very important point.
more about this in the course.

how to take profits in trading

how to take profits in trading

Finally a tip that I want to give you, focus on max 1 to 3 assets learn to recognize the movements understand the price ranges and follow the institutional order flow, supply & demand.

keep it stupid simple.

kev

Do you want to become Success Supply and Demand Trader or want to know more about how to take profits in trading?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How to trade GBPUSD? ? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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How to trade GBPJPY?

How to trade GBPJPY?

How to trade GBPJPY?

How to trade GBPJPY?

I’ve been discussing a lot of forex pairs in my blogs lately.
And now it’s time to take a closer look at GBPJPY and how you can approach this pair.
I personally love GBPJPY but man oh man I also lost quite a bit of money on this pair in the beginning.
But once you can handle this pair, you can also earn a lot of money with this pair.
Let me put it this way GBPJPY is quite a wild pair.
You like it or not!

The behavior of GBPJPY.

Trading GBPJPY is a bit similar to trading GBPAUD and XAUUSD if you like excitement and action these are the pairs for you to trade.
It moves very aggressively and if you take a trade too early you will burn your fingers.
And your account if you don’t have good risk management of course!
But once you learn to recognize these sharp moves well and you know how to anticipate on them, you can also make a lot of Pips very quickly.

How to trade GBPJPY

How to trade GBPJPY

Above we see the line chart of GBPJPY and the nice movements between the Supply and Demand zones.
GBPJPY is therefore very good and clear to trade with Supply and Demand zones as long as you are patient and do not take a trade too quickly.

How to trade GBPJPY

How to trade GBPJPY

In the image above we see the same chart but switched back to the candlestick chart.
Do you also see all those liquidity spikes in the zones?
You can also see this a lot when you look back in the past of GBPJPY.
And that’s exactly why you shouldn’t get in too early with this pair.
Just wait patiently so you don’t get kicked out right away.

How to trade GBPJPY

How to trade GBPJPY

In the last image above we see the same chart again, but zoomed in a bit.
Here I have also clearly indicated the liquidity area.
Take that in your mind.
So do you see what I mean?
Price often tends to drop just a little deeper before the price finds its way up.
That’s why you have to be patient and actually wait for this to happen and then if you see the price come back up again, that’s a good indication of a possible buy.

Tip

To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly?
You will learn all this in the course, but applying it will take some practice.

 

Do you want to become Success Supply and Demand Trader or want to know how to trade GBPJPY?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to trade XAUUSD?

How to trade XAUUSD?

How to trade XAUUSD?

How to trade XAUUSD?

Gold is a liquid pair that’s why I love trading XAUUSD.
XAUUSD respects Supply and Demand levels very well and is therefore perfect to trade in combination with Supply and Demand Zones.
As you know I am a real Supply and Demand trader and this is a perfect combination for me.

Below you see a XAUUSD chart and I’ve highlighted the most recent Supply and Demand Zones including the lows and the highs where the price finds its liquidity.
So we can take advantage of it for break of structures or shifts in momentum with the big investors like the banks and the financial institutions.
Because they eventually move the market.
We apply part of the smart money concepts for this.
See also the next blog about smart money.

How to trade XAUUSD?

We can also see from the XAUUSD chart above that gold is very ranging right now.
Which in turn gives many opportunities to make nice trades on XAUUSD.
Whether it is trending markets or ranging markets, gold remains volatile and has an average of 100 to sometimes 250 pips per day.

XAUUSD Sessions.

The best sessions to trade gold for me are the London/New York overlap.
As most know I come from Europe and therefore i mainly trade the London and New York sessions.
And I always see gold moving even more when New York opens.
So I often like to use that overlap when trading gold.

Timeframe and Entry’s.

Gold really can be traded on any time frame.
As a Daytrader / Scalper, I mainly use the multiple timeframes such as the H4 H1 for overal bias/trend/momentum.
And the lower time frames M30 M15 and M10 for proper execution to also keep my risk to reward on point.
With regard to targets, I often use the most recent highs/lows because, as explained earlier, that’s where the most liquidity can be found.
And that, of course, combined with Supply and Demand.

Tips and tricks trading XAUUSD.

1. Trade from edges based on supply and demand.
2. Be aware of liquidity pushes (Deep liquidity pushes)
3. Understand the sessions you trade.
4. Use DXY (The US Dollar index) as confluence.

And finally, manage your risk!

Do you want to become Success Supply and Demand Trader or want to know more about How to trade XAUUSD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

What is a stop hunt in forex?

What is a stop hunt in forex?

What is a stop hunt in forex?

If you have been trading forex for a while, you will probably have heard about a possible Stop Hunt.
But what exactly does it mean and what is a Stop Hunt?
I will tell you more about it in this blog.

Many novice forex traders will sometimes lose their entire account because they simply do not know where to place their Stoploss.
Institutional traders are the ones who profit from individual trader losses as there is a predictability in the behaviour of retail traders, and how they trade the Forex market.

Institutional traders like banks, hedge funds, investment firms often abuse the predictability and behavior of the retail traders and push the
price levels through these barriers in an effort to hit the stops and close the trades of retail traders.

Stop hunting sounds very negative to many retail traders because they think their individual stop losses are targeted on purpose.
But in reality Institutional traders are only looking for clear areas of stop-loss orders that are gathered at visible technical levels.

In short. / What is a stop hunt in forex?

Institutional traders will buy at levels where most retail traders have their stop loss.
For an institutional investor who trades much larger volumes, it is more difficult to execute an order with 1 trade.
So occasionally in order to fill a large order, the institutional trader will have to make the liquidity himself.
And how do they do that, you may now ask yourself?
Well since retail traders often hide their stop-losses at predictable technical levels this becomes a super good source of liquidity for the big players to target.

Most common technical levels that retail traders use to hide their protective stop losses are:

  • Support and resistance
  • Previous swing high or swing low
  • Big round numbers
  • Above/below technical indicators
  • Above/below chart patterns

What is a stop hunt in forex?

What is a stop hunt in forex?

There will be a lot of Stoplosses collected at these obvious levels, and institutional traders will bid the market at those particular technical levels, so they can get the needed liquidity to fill their big orders at the expense of the retail traders.

How do you find the stop loss orders with stop hunting?

We now know that with a stop hunt they prefer to catch as many fish as possible, so these are the people with a sell / buy order above or below the zone.
And the stop losses of the people already in a trade.
But how do you recognize this?
And how can you benefit from this?
Well the most important thing is actually wait until this move has happened.
There are a few signals that can show you that this is a possible stop hunt.
It is very important here to keep your volume indicator with your trades.
In the masterclass course, I will explain how to recognize the stop hunt exactly.

What is a stop hunt in forex?

What is a stop hunt in forex?

 

That is why it is very important to know where these levels are, even if you trade primarily with Supply and Demand.
It is also important that you never place your stop loss with the rest of the “fish” so that you do not get caught in the “fish pool”.
If you mainly trade Supply and Demand, these stop-hunt levels are especially interesting for finding good trades.

Do you want to become Success Supply and Demand Trader or want to know more about What is Stop Hunt in Forex?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

How to trade Supply and Demand?

How to trade Supply and Demand?

How to trade Supply and Demand?

In this blog I will talk about how you can trade Supply and demand.
Let’s start with structure.

Structure.

If you want to learn how to trade Supply and Demand, it is also important to know the structure of the market well.
We are talking about a number of market phases through which the price passes.
I’ll tell you a little more about this now.

The prize goes through these different phases:

  • Accumulation
  • Reaccumulation.
  • Uptrend.
  • Distrubition.
  • Redistrubition.
  • Downtrend.

How to trade Supply and Demand?

How to trade Supply and Demand?

  • Accumulation: Accumulation is a sideways range in which institutional players buy carefully and skillfully, without moving the price.
  • Uptrend.
  • Distribution:  After a while, the uptrend ends and then changes to a distribution stage in which the smart money players sell the remainder to the small retail traders.
  • Downtrend.
  • Reaccumulation.

Now that we understand the different market phases, I will also explain the rules of Supply and Demand.

Laws of Supply and Demand.

Law of Demand: The higher the price, the less the demand. (Buyers are reluctant to buy at a high price.)
And the lower the price, the higher the demand. (Buyers are eager to buy at a low price.)

Law of Supply: The higher the price, the higher the supply. And the lower the price, the lower the supply.

Supply and Demand zones.

When trading Supply and Demand it is of course also very important to draw your zones correctly.
In my course I will tell you all about this. How do you find the perfect Supply and Demand zones.

But what are we actually looking for when we search for Supply and Demand zones?
What we want to find at the price zones where supply overwhelms demand and where demand overwhelms supply.

Supply zones: When the price enters the Supply zone, the price will likely fall. And you can earn with a Sell position.
Demand zones: When the price moves into the Demand zone, the price is likely to rise. And can earn with a Buy position.

But of course it is not all as simple as described above.
We will look for a good Sell position when the price enters the Supply zone.
But please note that we also pay attention to all other aspects before we can take an entry.
We also have to keep in mind that a Supply zone can become a Demand zone.
Just look at the image below.

How to trade Supply and Demand

How to trade Supply and Demand?

Above we see an example of how Supply changes into Demand and that can also be done the other way around.
Demand changed to Supply.

I have already briefly explained how you can trade Supply and Demand.
Below I’ll give you some explanation in a video.

Do you want to become Success Supply and Demand Trader or want to know more about How to trade Supply and Demand?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

 

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