This year, we’re not missing out on the Halloween fun, and you know exactly what that means!
It’s time for something spooktacular…
TRICK & TREAT – THE BABYPIPS WAY!
Why choose one when we can have both!
For this giveaway, we’re keeping it simple. All you have to do is…
Share a TRADING TRICK that has benefited you!
Whether that’s in catching an entry, or saving pips on a losing trade, we wanna know what helped you in identifying opportunities in the market.
Here’s how to qualify:
Just reply to this post with your answer to the question above. Share only what you’re comfortable with sharing.
Write at least 3 posts within the giveaway period. (For the newbies, you can write 3 posts anywhere in the forums. You can even introduce yourself in this thread!)
And just like that, you’re ready to add a little extra boo-tiful moolah to your stash!
By the end of this giveaway, we will randomly pick 4 winners of Amazon gift cards, each worth $25.
Should you prefer it, we can even give you your prize in BTC!
The giveaway period starts today, October 26, 2024 and is EXTENDED until November 12, 2024 at 11:59 PM EST.
The prize will either be in an Amazon.com e-gift card or BTC format, which means we require the winners’ email addresses or crypto wallet addresses. Failure to respond with your information within 7 days will result in disqualification and selection of new winners.
So, get ready to conjure up some fantastic trading tricks and let the Halloween fun begin!
Most of us were taught to connect swing points of price and peaks and valleys of the indicator. With this trick, I’m showing a slightly different way.
[Pun Incoming] I diverged from the conventional method of plotting divergence. I keep the trend line on price at the swing points but I line up price’s swing points with the values on the indicator, even if the trend line on the indicator cuts through the indicator line.
I’ve found that the peaks and valleys of the indicator are irrelevant since we are only looking at the difference in indicator values at the corresponding swing points of price.
This is an example of Hidden Bullish Divergence using this method:
If you use divergence as a confluence for your trades, you may have been missing out if you only plot divergence where the indicator’s peaks and valleys line up with price’s swing points.
The best hidden bullish divergence will have the second value of the indicator oversold. The best hidden bearish divergence will have the second value overbought.
In case you didn’t know, hidden divergence usually occurs where there is about to be a continuation (at the end of the retracement/start of the impulsive wave). Strong divergence usually occurs where there is about to be a retracement or possibly a reversal (at the end of the impulsive wave/start of the retracement).
Trading is only fun when you’re wining, there is no hard and fact rule about that.
I heard many people say Elliott wave doesn’t work!
No, it does work you just need to read the chart.
As an Elliotician I patiently wait for the market and execute at a pinprick risk.
The tricks are the ability to read the chart correctly and the knowledge of risk management.
Elliott wave is applicable in all time frame, it doesn’t matter the time frame you’re on.
This concept is divided into two categories which are motive wave and corretive wave.
The motive wave is when you see the market in a vary long upward trend or downward trend. What we trade in motive wave is the last wave. The benefit of the motive wave is that, it aids the understanding of the morphology of the market. Here we have 12345 structure and wait for the 4 wave to form before we trade the 5th wave.
Example of it is the first frame down below.
The second frame down below is the corrective wave ABC. it comes after the motive wave. Here we wait for the motive wave to form completely before we trade corrective wave ABC, one thing about this wave is that there is 100% certainty that the corrective wave will form after the motive wave.
Corrective wave can either be zigzag, flat or triangle.
In the last frame down below you will see AUDUSD traded on Oct 28 with the concept
EVERY opening sesión mostly NY looking grahps in 1hour TF and the same time the list of assets how % are moving i prefer going long …and when they scale above 20% increasing price… set My Buy stop order looking the move will going up… just volumen indicator and watching support and resistance levels to set My sl and tp… simple and spoooky!
The GIF is so cute! Hahaha. Personally, I think limiting yourself to like 1 or a couple of indicators can actually help you understand price movements better. When I was starting out, I was super excited to get all indicators on there, but it’s when I cleaned up my charts a bit that I feel like I understood price a bit better.
As a new trader, one strategy that’s been valuable to me is setting clear stop-loss and take-profit levels before entering any trade. By defining these levels in advance, I prevent emotional decision-making, which has been a problem for me lately, and protect myself from unnecessary losses. It’s easy to get caught up in the excitement or fear of fluctuating markets, but disciplined planning helps me stay focused and makes each trade more controlled. This simple practice has truly improved my trading consistency the past few weeks.
Wait a minute, 1 tips equals to 25 BTC, If I put 3, that means I may have 75 BTC
Here is my Tips:
Open The XAUUSD on Daily or 4H Chart Looking for Swing High and Low without being scared Let MA 100 and 200 tell you the trend.
The key is simple with Fast and Slow MA When Fast MA above Slow MA, it’s trending up When Fast MA bellow Slow MA, it’s otherwise
Entry by looking at lower chart With fixed value oscillator, which you like As long as follow MA to hike and dive Your money management will safe your cash
This strategy wont make you rich The same with others that you have ditched. It’s not the strategy what you need. Consistency and discipline are what will lead.
Up and down EURUSD price in the market No body can stop, even those who has thick wallet Using MACD or Stochastic we usually can predict On H4 is better for a beginner to start
Those oscilators are used to tell the trend Minimalized risks when we start to trade As long as we follow the trend and don’t bet
Using the same indicators on lower time frame All the techniques are the same When both indicators are telling you when to trade That will be time for you to start the game
Oh dear the amazing Ms. @Penelopip The smile keep hanging on my lip I realize I am no longer a kid I prefer BTC in my wallet
Tips: The Art of Asking Forgiveness with Trendline
Hi Ms. @Penelopip, how are you doing? Looking at the sky, petting my kitty, wondering Why your name is so much inspiring Hoping won’t let you annoying
I’m an old guy, looking at GBPUSD with boring Drawing trendline to see what is trending Waiting the moment of price bending When the trendline has been breaking
H4 and D1 will be the priority Scalping is still can be done on lower time frame carefully But SnR on H4 or D1 is still needed to be considered diligently Otherwise you will be ended tearfully
I hope you don’t feel bothered by me, Ms. @Penelopip I’m a bored man waiting the market for few pips. Here is the flower asking you a forgiveness As I like to fool around by madness
Doing swing trades In high time frames i draw My support and resistance lines and trendlines so ic follow mostly uptrends so put ALWAYS Buy stop orders. .Thats relief me tocbe stick on screen…have My pips and thats works for me
Hi again
Here is another edge on Swing trade…and before use this i try to set all My conditions very simple too
No indicators! Using ONLY lines that i draw… and putting lines on key levels …4H time frames ONLY. Fits for any assets in all sessions due to high TF.
Uptrends or downtrend no matter… i look for breakouts…
Límit orders i Always do…
One trading trick that has first done me a lot of harm and then now saved me from further account annhilation is this: trading news releases.
DON’T DO IT.
Whether stocks or currencies, I seem to just always get the wrong end of this. And when I don’t get in, that’s when it goes my way of course (but then at that point it’s all theoretical).
Anyway, unless you have serious insider info or you’re watching it very closely during the release (which I can’t even do as I’m too emotional), just avoid it.
Hahaha. Personally, I think limiting yourself to like 1 or a couple of indicators can actually help you understand price movements better. 
