Forwarded from Blending Traders B.Camp Waiting Room (John Ijiga (Analyst Jayfx))
Day 4 of #BTWS2025 Has Been Concluded ✅
What is your Technical Edge
The confluence of which your able to simplify the interpretation of the market best to your standards, style, method or approach to trading.
The edge can be mathematical or symbolical concepts like SMc or based on confluence with indicators.
How much you can keep your edge simple determines how much you can interpret the market.
Which Technical Method is the Best ?
What ever method you learn is to make a simple decision, either to Buy or Sell..
Regardless of whichever approach you use, technical methods are based on the structure of market cycle (accumulation, manipulation & distribution).
Your just to make a single decision, bullish or bearish, whichever approach helps you understand that better should be your best method.
Should You Learn Multiple Methods ?
For the purpose of defining an edge, simplicity remains the recommendation.
For the purpose of knowledge and decisions making, steady research is recommended for the involuntary functions of the mind, knowing trading is a psychological action you need to understand confluence while you trust your edge.
Risk Management over Winning Rates ?
An 80% wining rate with low risk management means account soon gone and pocket soon dry.
You can win all day and poor risk management takes it all in 2 losses.
A 40% winning rate with risk management could still be a profitable trader for the long run. Always keep your risk to reward based on your risk management checked.
Topic: Technical Analysis (Day 4)
Guest Speaker: ProTradeFx
More to come in Day 5... 🌐
#BTWS2025
What is your Technical Edge
The confluence of which your able to simplify the interpretation of the market best to your standards, style, method or approach to trading.
The edge can be mathematical or symbolical concepts like SMc or based on confluence with indicators.
How much you can keep your edge simple determines how much you can interpret the market.
Which Technical Method is the Best ?
What ever method you learn is to make a simple decision, either to Buy or Sell..
Regardless of whichever approach you use, technical methods are based on the structure of market cycle (accumulation, manipulation & distribution).
Your just to make a single decision, bullish or bearish, whichever approach helps you understand that better should be your best method.
Should You Learn Multiple Methods ?
For the purpose of defining an edge, simplicity remains the recommendation.
For the purpose of knowledge and decisions making, steady research is recommended for the involuntary functions of the mind, knowing trading is a psychological action you need to understand confluence while you trust your edge.
Risk Management over Winning Rates ?
An 80% wining rate with low risk management means account soon gone and pocket soon dry.
You can win all day and poor risk management takes it all in 2 losses.
A 40% winning rate with risk management could still be a profitable trader for the long run. Always keep your risk to reward based on your risk management checked.
Topic: Technical Analysis (Day 4)
Guest Speaker: ProTradeFx
More to come in Day 5... 🌐
#BTWS2025
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