A Consistent Methodology
Before you enter any market as a trader, you need to know how you will make decisions to execute your trades.
You must understand what information you will need to make the appropriate decision on entering or exiting a trade.
Some traders choose to monitor the economy's underlying fundamentals and charts to determine the best time to execute the trade.
Whichever methodology you choose, be consistent and be sure your methodology is adaptive.
Your system should keep up with the changing dynamics of a market.
Before you enter any market as a trader, you need to know how you will make decisions to execute your trades.
You must understand what information you will need to make the appropriate decision on entering or exiting a trade.
Some traders choose to monitor the economy's underlying fundamentals and charts to determine the best time to execute the trade.
Whichever methodology you choose, be consistent and be sure your methodology is adaptive.
Your system should keep up with the changing dynamics of a market.
Calculate Your Expectancy
Expectancy is the formula you use to determine how reliable your system is.
You should go back in time and measure all your trades that were winners versus losers, then determine how profitable your winning trades were versus how much your losing trades lost.
Take a look at your last ten trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade.
Determine if you would have made a profit or a loss. Write these results down.
Although there are a few ways to calculate the percentage profit earned to gauge a successful trading plan.
There is no guarantee that you'll earn that amount each day you trade since market conditions can change.
Expectancy is the formula you use to determine how reliable your system is.
You should go back in time and measure all your trades that were winners versus losers, then determine how profitable your winning trades were versus how much your losing trades lost.
Take a look at your last ten trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade.
Determine if you would have made a profit or a loss. Write these results down.
Although there are a few ways to calculate the percentage profit earned to gauge a successful trading plan.
There is no guarantee that you'll earn that amount each day you trade since market conditions can change.
However, here's an example of how to calculate expectancy:
Formula for Expectancy
Expectancy = (% Won * Average Win) - (% Loss * Average Loss)
Example of Expectancy
If you made ten trades, six of which were winning trades and four of which were losing trades, your percentage win ratio would be 6/10 or 60%.
• If your six trades made $2,400, then your average win would be $400 ($2,400/6).
• If your losses were $1,200, then your average loss would be $300 ($1,200/4).
Expectancy = (% Won * Average Win) - (% Loss * Average Loss)
• Expectancy: (.60 * $400) - (.40 * $300) = $120
In other words, on average, a trader could expect to earn $120 per trade.
Formula for Expectancy
Expectancy = (% Won * Average Win) - (% Loss * Average Loss)
Example of Expectancy
If you made ten trades, six of which were winning trades and four of which were losing trades, your percentage win ratio would be 6/10 or 60%.
• If your six trades made $2,400, then your average win would be $400 ($2,400/6).
• If your losses were $1,200, then your average loss would be $300 ($1,200/4).
Expectancy = (% Won * Average Win) - (% Loss * Average Loss)
• Expectancy: (.60 * $400) - (.40 * $300) = $120
In other words, on average, a trader could expect to earn $120 per trade.
Use this formula correctly okay! You do this for free, only Sir will give to you guys.
Anyway, thankyou for supporting us everyone & lets aim the best at the market for today 👊🏻
Anyway, thankyou for supporting us everyone & lets aim the best at the market for today 👊🏻
GOLD BUY NOW @ 1670 - 1668.05
SL : 1655.44
TP 1 : 1672.54
TP 2 : 1674.51
SL : 1655.44
TP 1 : 1672.54
TP 2 : 1674.51
📉SELL EURGBP at 0.87551
TP 1️⃣ 0.87351
TP 2️⃣ 0.87051
TP 3️⃣ 0.86551
🚫SL at 0.88351
TP 1️⃣ 0.87351
TP 2️⃣ 0.87051
TP 3️⃣ 0.86551
🚫SL at 0.88351
GBPJPY SELL NOW @164.350-164.650
sl: 164.850
tp1: 163.800
tp2: 163.300
sl: 164.850
tp1: 163.800
tp2: 163.300
GBPCHF Buy Entry at 1.1040
Take profit 1 = 1.1060
Take profit 2 = 1.1090
Take profit 3 = 1.1170
Stop loss = 1.0965
Take profit 1 = 1.1060
Take profit 2 = 1.1090
Take profit 3 = 1.1170
Stop loss = 1.0965
GBPCAD Buy Entry at 1.5184
Take profit 1 = 1.5204
Take profit 2 = 1.5234
Take profit 3 = 1.5314
Stop loss =1.5120
Take profit 1 = 1.5204
Take profit 2 = 1.5234
Take profit 3 = 1.5314
Stop loss =1.5120
EURAUD SELL NOW @ 1.49200
TP1: 1.49050
TP2: 1.48900
TP3: 1.48700
SL : 1.48600
Money management is the key to long term profits. TAYOR.
TP1: 1.49050
TP2: 1.48900
TP3: 1.48700
SL : 1.48600
Money management is the key to long term profits. TAYOR.
GOLD SELL NOW @ 1668 - @ 1671
TP 1: 1666
TP 2: 1664
TP 3: HOLD
SL 1674
Use Proper Money Management. Past Profits do not predict future earnings. Consistency is 🔑
TP 1: 1666
TP 2: 1664
TP 3: HOLD
SL 1674
Use Proper Money Management. Past Profits do not predict future earnings. Consistency is 🔑
Joseph Kirubakaran make a good profit on GBPJPY today. 💰
He really did follow John closely with good layering entry.
Always follow my command, William will not leave you behind.😎
He really did follow John closely with good layering entry.
Always follow my command, William will not leave you behind.😎