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Cameron Ross
More books by Cameron Ross…
“Top Trade Journal Tools: ● Edgewonk – AI-driven trade journaling and analytics. ● TraderVue – Tracks performance and trading psychology. ● Microsoft Excel/Google Sheets – Customizable tracking. If you prefer a free option, set up an Excel or Google Sheets template with all the key metrics.”
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
“Step 3: Control Daily and Weekly Loss Limits Set a maximum daily or weekly loss limit to avoid emotional damage and overtrading. Guidelines for Loss Limits: Daily loss limit = 2%–3% of total account balance. Weekly loss limit = 5%–6% of total account balance. If you hit your limit, stop trading for the day or week—no exceptions. Example: ● $10,000 account ● 2% daily loss limit = $200 ● If you lose $200, you stop trading for the day—no revenge trades.”
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
“Step 2: Interpreting Signals Across Timeframes Each timeframe serves a unique purpose in multi-timeframe analysis. The key is to align signals from each timeframe. How to Interpret Signals on Different Timeframes: ● Higher Timeframe Signals (Daily/Weekly): These charts provide the overall market trend. Look for key support/resistance levels, major trends, and significant price action patterns. ● Medium Timeframe Signals (4-hour/1-hour): These charts help you fine-tune your entries by identifying pullbacks or continuation patterns within the broader trend. ● Lower Timeframe Signals (15-minute/5-minute): These charts give you entry points, as well as stop-loss and take-profit placement. The key is not to let short-term noise influence your decisions. Example: ● Daily Chart: The market is in an uptrend. ● 4-Hour Chart: The price is pulling back toward support. ● 15-Minute Chart: A bullish reversal pattern forms near the support level, signaling a good entry.”
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
― Trade Smart, Profit Fast: Unlocking the Secrets of Technical Analysis
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