DELSU MTL COMMUNITY

I don't know for others but for me.... I trade news in alignment with my technical analysis.

Once the news is in align with my set-up. I trade it .

The trendline is still valid.... but once that kind appeals twice is no more valid.

I have a question guys....

How do I gain serious conviction on a particular set-up. 🤔. Must I have to test like up to 50x before i can then gain conviction.

Very important, cos there will be times when your technical analysis and fundamental analysis may be pointing in different directions.

At such times, it's best to just stay away from the market

It's still valid yeah, but I was just pointing out to him what a false breakout looks like

When u say conviction, what do u mean?

A well diversified port folio😌

Yeah ... I know sir..

Exactly... just like last week market. I got a set-up which is long on btc/usd but I saw a news which is negative on usd so I made a set-up and it finally ditch out.

It was that set-up that I told I later remove my position from btc even when it is a nice set-up

I mean being certain that market will definitely obey your set-up.

Cus even when I do have such set-up I am not always convinced though I have seen it work out but I am still not 100% convinced within me or must I have to try it like 50 times to be convinced on it.

Good morning guys.

I have a simple question. What is trading in terms of money making?. 🤔🤔

Trading is the act of risking capital to profit from short to medium term changes in price of any measurable asset by either buying low and selling high or selling high and buying back lower.

Wow .. thanks bro.

That kind thing brooo,

Some kind sweet setups go just turn losses bcos of news

Well, the market doesn't really obey any one's principle sha😂

It's the other way round, you're the one who has to build ur strategy around the way market moves and align urself with it

To me, I believe trading is the act of executing trades using a well defined strategy while also applying proper risk management, not just for increasing profitability, but also ensuring that you stay in the game in the long run

Happy Sunday 👪 👨‍👧‍👧 👨‍👩‍👧‍👦. I have another question nd I need immediate answer please...

For someone that want to use confirmatory entry . But the person uses Daily and 4hr for his analysis nd mapped out his demands zone on 1hr markets tapped on the demand zone and start respecting it.

Which timeframe do you think is the best and profitable to be use foe the person confirmatory entry

I swear ... this is serious than I thought

Omooo... this is more serious than I thought

Is it advisable for one to map out a demand zone on a particular time nd still take confirmatory entry on thesame time frame. ???.