Home TechnicalTrendTrack Notes on Trading Rules

TechnicalTrendTrack Notes on Trading Rules

TechnicalTrendTrack, also known as the 3T report, cashbackforexbroker an cashbackforexexness report that tracks the technical performance of currency pairs. In the 3T report, cashback forex most often refer to forex rebate club strategies, which are based on technical analysis. After the trad forexrebateclubg strategy is developed, we need to pay close attention to the changes in the market, waiting for the price to reach the position mentioned in the strategy in the waiting process there are usually two situations: a. the price does not reach our expected position, which means that the trading strategy we developed earlier does not cover the probability of what should be. However, this does not mean that we can definitely enter the operation, because the trend after the development of the trading strategy may not support our earlier strategy, although the price reached our expected position. In fact, the main reason lies in the trading rules Trading rules, in the Power Academy Often mentioned, and the Power Academy also includes more trading rules, such as 2B rule, 123 rule, Pauliega channel trading rules, etc., to name a few Here we will make a note for the trading rules, so that investors have a clear understanding of it A. Double success rate Trading rules, in essence, is a trading method, this method is based on a certain summary of the analysis method and The analysis method comes from the summary of technical analysis; and then trace the source, technical analysis itself believes that history will repeat itself, therefore, trading rules is essentially the belief that history will repeat itself in a high probability, based on this tenet to make analysis, wait for the trading conditions to be implemented into the operation of the trading method can be summarized as, trading rules is a trading method, its origin is still technical analysis, its core is the trading conditions This means that the success rate of the transaction comes from the probability results of the multiplication of the double success rate The first is the success rate of our expectations of the trend after the analysis is completed, before the entry If we analyze the completion of the later trend is not in accordance with our expectations as a retracement or breakthrough, then our earlier development such as the end of the retracement or breakthrough after the entry operation trading strategy will be pushed back and need to re-analyze, which However, even if the first success rate is high, there is still no guarantee that we will be able to make a profit if we enter the trade directly. When we first analyzed the situation, it was based on the overall environment; however, now that the price has re-entered another environment, especially the rhythm of the price movement may have a greater impact on the further movement The price has moved to a certain position as expected, but the rhythm of this movement is bound to have an impact on further development For example, the price retracement may be slow, it may be sharp, or it may be haphazard In fact, the rhythm is also a reflection of momentum, such as the rhythm of the retracement of the uptrend if it is slower, K-line strength are not strong, indicating that the lower action is weaker, then the price rebound easier; of course, sometimes the retracement of the strength is smaller and more sustained, prompting the formation of a more standardized short alignment of the averages, then the force of averaging inertia may also lead to a later rebound (even if successful) more difficult In short, this section of the Therefore, in the first case of a higher success rate, we still need to wait for the conditions to ensure that the entry price develops as expected. The second analysis, rather than waiting for the price to appear in the second analysis of the expected situation (trading conditions are available) Many of the mistakes made by investors is also occurring in this link, mainly in: 1, do not do secondary analysis, that is, no trading strategy after the development, the pace of the trend before entry to do a full analysis of the price to reach a certain price on the entry operation, which is exactly what many investors appear to hit the train For example, the development of the EUR / USD trading strategy, the price at 1.5220, an investor expects the price will retreat to 1.5160, ready to do more in this position But when the price really retreat to 1.5160, the average line has a short alignment, and the decline during the stronger face of this situation, we should make a secondary analysis of this section of the trend, at least in the average line short alignment In the case we can not enter to do more; worse, some investors rush to enter to do short, completely disregarding the general direction of the earlier analysis is up 2, to do a secondary analysis, but the psychological still take for granted that the price will go according to their expectations or the above example, an investor also expected the EUR / USD in the short alignment of the average line of suppression further down, but take for granted that the price Since the price has reached the position we expected in our first analysis, it must also bounce back at this position as expected, completely ignoring the impact of the current short alignment on the price and unilaterally thinking that the price may reverse at this position, even though there is no such signal yet. But the above does not yet involve the second success rate The real second success rate comes from the conditions we need to enter the market according to the waiting This success rate is in fact the success rate of trading in the general sense. As mentioned above, after our first analysis, the price retraced or broke out as we expected, which first ensured the basic conditions needed for the subsequent trade, i.e. we had the possibility to enter the trade. The success rate of trading will depend on the success rate of the second analysis, but it is built on the basis of the first analysis II.  So, what are our trading rules and what is the purpose of them?  In fact, the above discussion has explained the answer: that is, the secondary analysis of the trading conditions after the patient wait, to avoid the risk of blindly entering the trading conditions are not available to sublimate it to the rules, but in the psychological more attention to avoid the price reached a certain position to try to enter the psychological former regiment this is the trading rules, a kind of make us wait for the formation of trading conditions, in this sense, the trading rules are also a kind of trading discipline. Trading rules are also a kind of trading discipline, that is, the conditions are not ripe, determined not to enter the first paragraph in the opening paragraph we have mentioned the purpose of trading rules, is to avoid (a) the investors usually appear in the aforementioned two kinds of mistakes: crashing trains or unrequited love In terms of the second success rate, only in accordance with the trading rules to trade, to create an environment for the second analysis of the high success rate, otherwise the second success rate at all Once the trading strategy is developed, we wait for the price to move to the position we expect and for the trading conditions to form. If we take the availability of trading conditions as the key to trading rules, then we can overcome the aforementioned preconceived psychological photography and avoid impulsive behavior. Sublimation of trading methods, and trading methods are still largely related to the analysis, the analysis is effective or not, of course, the biggest discriminator from the expectations of the late trend, which is the most brutal standard of any technical analysts, but also the most objective judgment of the analysis of good or bad yardstick Therefore, if the analysis of the success rate of the forecast is higher, that we are more skilled grasp of the trend This means that the analysis of the success rate is very high Sometimes a small signal, a signal that is not even a condition, may prompt us to enter the transaction, which to a large extent from the plate sense, a more and more subjective experience, is required after a long period of training to get So the system, the more successful the analysis results, the less we need to trade conditions. This is also the reason why people who are new to trading must comply with the trading rules: in the case of the analysis of the success rate is not high, or to wait for the emergence of more ready trading conditions, that is, in accordance with the rules of entry, otherwise it is bound to suffer the cost of not following the rules 2, the integrity of the trading system Although trading and analysis have their complementary relationship, but trading itself is a relatively independent trading system. But the transaction itself is also a relatively independent system it is subject to a certain extent in addition to the results of the analysis, and their own system of risk control, capital management is very relevant Therefore, the trading rules are subject to analysis, risk control, capital management three parts can be expected, a good trading rules not only reflect the technical analysis of the required trading conditions, will also include risk control rules and capital management rules

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