Simple Day Trading Strategy & Community

Hello Fellow Traders!

this thread is dedicated to the Primed Traders trading strategy and mindset coaching! We will be sharing all the free resources we provide in terms of video, live events and PDFs.

In this thread, we will also share actual trade setups and provide recaps on the win or loss taken on the trade in an effort to showcase exactly how simple and easy our strategy is. In fact, we normally clock anywhere between 20 and 60 minutes a day on the charts and that is it.

We provide value to all levels of traders, from experienced to the novice but also to people looking for a way to create a side income and become full-time traders!

Our Trading System:

We focus only on price action and target only 2 specific trading patterns. For analysis, we use Multiple Time Frame Analysis back by the Past, Present, Near Future idea. We work with probabilities rather than certainties and our only mission is to achieve a weekly % growth target.

The Patterns we trade are:

1. Contraction: This is a reversal in price action pattern
2. Continuation: this is a continuation of price action pattern

The Tools we use:

1. 4H: 13 EMA & 30 Donchain Channel
2. 1H: 5 & 20 EMA
3. 10/5MIN: Price action

To get the thread going here are 3 important videos from our Strategy Series:'

*the videos explain exactly what we are all about and are very informative:

1. Primed Strategy Series Episode #1: https://www.primedtraders.com/post/primed-strategy-series-episode-1
2. Primed Strategy Series Episode #2: https://www.primedtraders.com/post/p...e-right-things
3. Primed Strategy Series Episode #3: https://www.primedtraders.com/post/p...ries-episode-3
4. Primed Strategy Series Episode #4: https://www.primedtraders.com/post/p...egy-series-e-4

A little about us:

We are a community made by real full-time traders who focus on intraday profits during the London and New York sessions. We use a simple trading strategy that focuses on just 2 specific and custom patterns while we also put a lot of specific emphasis on coaching our mind and guiding our members to do the same.

 

1. FREE TRIAL: We offer a 14-day Risk-Free trial to our Discord community and you can grab it by clicking here.

This thread is not focused on promoting our services rather on sharing the free resources we offer to traders around the world, no more mention of our products, services or promotions will be done beyond this initial first post.

You can follow us on TradingView where we release a lot of our trade ideas but plenty of education too, find us with the username "PrimedGroup".

Subscribe if you like what we share and please send plenty of questions so we can further help you!

Thanks and happy trading!


*this post will be updated soon

BTCEUR WEEKEND BUY SETUP:

This video explains exactly why we are long on BTCEUR (after being shot in the morning GMT time)>

https://uk.tradingview.com/chart/BTC...EB-BTCEUR-BUY/

To explain this better here is an image of our Multiple Time Frame Analysis



4H: Momentum is bullish as price is finding support and creating rejection candles above the 13EMA and the middle of the Donchain Channel (set to 30)
1H: Bullish continuation pattern with the first TP indication being 123.6%
10M: Solid bullish continuation finding support at 61.8% of recent price action

PATTERN EXAMPLE: Bullish Continuation

The bullish continuation pattern is exactly what it says, a bullish continuation of price action. Here is a view of BTCEUR on the 21st of March 2020 of the 1H chart.

The blue circles indicate the top and bottom of the pattern and that is where the Fib levels should be connected.

For a bullish continuation, we add the 100% at the top and 0% at the bottom.

The profit levels are 123.6% and 161.8% but short-term price action must be monitored (5 & 10 min charts) for any potential reversals.

While always remembering that not every pattern works out, the pattern only indicates a higher chance of "this" happening over "that".

The SL level would be under the current lows ( 0% ) if you enter within the pattern or right at the breakout of it

FREE PDF

At the PrimedTraders.com community, we focus on the things we can control... and that means being proactive to our day and the charts. In this PDF you will find a 3 step process of exactly what we do to make sure our day and trading session are a success.

Here you can find a short video explaining exactly how we apply this:

1. https://uk.tradingview.com/chart/US3...t-for-Success/

Here's the PDF

Price action reached 50% and has now created a bearish continuation which means we are out of the BTCEUR BUY and we are now short on the position, here are the details:

https://uk.tradingview.com/chart/BTC...-BTCEUR-SHORT/

QUICK VIDEO RECAP OF YESTERDAYS TRADES:

As you could have seen on our TradingView channel, we went BTCEUR short, then long and today we are short again!

The below video explains exactly why!

 

1. https://www.primedtraders.com/post/d...in-and-winning

WEEKLY LIVE MENTORSHIP CLASS

Access for this session is free for all but seats are limited!

When? - Today 22.3.2020 at 15:00 GMT

What is it about? - Complete education on the 2 patterns we trade, the contraction and continuation!

>>> https://gobrunch.com/events/53481 <<<

FURTHER DETAILS ON SHORTING BITCOIN:

So as you probably seen above, we are short on Bitcoin again... in the below 4min video you will understand exactly why:

https://uk.tradingview.com/chart/BTC...Bitcoin-Again/

A little bit about why you should join us if you are serious about becoming a real trader!

This is going really well right now.

As you can see using MTFA all charts lined up for the selling and we built a position on the 5M chart.

BEARISH CONTINUATION:

Just shorted AUDUSD with a potential bearish continuation pattern.

Before we jump on the trade idea here is the actual process based on that PDF above of how we started this day:

I prepared my day using the exact process that is shared in the videos and the PDF I shared with you all:

The first thing I did was prepare:

- my position sizing (conservative, moderate & aggressive)
- My profit & excess profit targets for the London session (5% and 10% of balance)
- My 7.5% trading halt limit (if reached, trading stops)

Once that was done I took complete responsibility for my trading & results by agreeing to create my day and not be a reactive little boy to what is happening. And that means now my day can only end in 1 of 4 ways

1. Big profit
2. Small profit
3. Breakeven
4. Small loss

No matter what, if I end in one of these 4 levels my day will be a success

Now that all that is out of the day... lets start the analysis process
4H:
Check momentum using 13 ema and 30 DC
Locate key levels
Check for any of the 3 candles we use

1H:
Scout for patterns

10/5 Mins:
Locate precision trade!

HERE IS A TRADE EXAMPLE: AUDUSD SELL

Attached Image (click to enlarge)

4H:
Momentum is bearish as price is below 13 ema and 30 DC

1H:

Decent rejection and indecision candles the last few hours and price is stuck to 5EMA and below 20EMA

10M:

Bearish contraction pattern-finding resistance at 38.2% of recent high and low

MY PROFIT TARGETS CAN BE SEEN ON THE 10MIN CHART

100%
123.6%
161.8%

Some really good returns were made this weekend on BTC

EURUSD BUY / BULLISH CONTINUATION

Here is yet another example of a trade setup we would trade... the details of the trade are here and you can see the trade on MyFxBook too.

ENTRY: 1.0836
TAKE PROFIT: 1.09186
STOP LOSS: 1.08082
Risk on SL: 2.4%
Potential reward on TP: 7.2%



4H: Momentum is bullish as price is above 13 EMA
1H: Breakout of key resistance
10M: Bullish continuation finding support at previous resistance.

Here is a quick educational video that might help you make the right decision today and create yourself a fantastic day!

Your Most Important Trading Asset: ATTENTION

https://uk.tradingview.com/chart/XAG...set-ATTENTION/

DAILY PRIMER VIDEO 26.3.2020

Every trading day we release a daily primer to our community on Discord here is a little sneak peek from today's one!

https://www.loom.com/share/0c70d8716...66c906ef4dcadc

TOUGH TIMES MAKE TOUGH PEOPLE!

We understand most people are facing a hard time these days... and with the ongoing challenges and uncertainty, we want to take control of how you are all responding to the situation. We are giving every new member a 90% discount on their enrollment into our onboarding course & community

USE THE PROMO CODE: CORONA

https://primedtraders-community.teac...ders-community

HOW TO TRADE A BEARISH CONTINUATION PATTERN

This is a live trade we have just taken on the DAX, it is a bearish continuation pattern and the video explains how to trade it.


https://www.loom.com/share/9d1b97c04...9fca55b453de1b

SETTING (EASY) SUPPORT & RESISTANCE LEVELS USING THE DONCHAIN CHANNEL

In this video we explain exactly how we set support and resistance levels quicky using the Donchain Channels! Its a pretty effective way to find key trading levels!

https://uk.tradingview.com/chart/GBP...stance-Levels/

Short Sell Trade setup on BTCEUR

We took a short sell on BTCEUR as our review of all crypto pars currently indicates that a new downswing could be due.

1. You can view the idea on TradingView here: https://uk.tradingview.com/chart/BTC...-continuation/

Just remember this, not every setup is a winner, we don't trade based on certainties we trade based on probabilities... at the end of the day successful trading is based on your winning trades collectively being bigger than your losing trades. So your goal is to either trade a system with a few huge wins and a lot of very small losses or a high winning percentage system that keeps the losing trades controlled.

In our case we have a solid edge that is a mixture of both, the only thing that remains to keep it successful is to manage our mindset and always follow the system.

MTFA FOR THE SETUP (RIGHT NOW)

 

1. 4H: Bearish continuation breakout with strong bearish momentum (as price is below EMA & DC)
2. 1H: Strong bearish momentum with price using 5EMA as resistance, expecting a push down based on this soon
3. 10M: Nothing special in terms of price action, but we are coming up to potential supports.

8 TIPS EVERYONE CAN LEARN FROM ( VIDEO )

Hey hey good people of the internet!

Here is a quick little video that provides 8 pretty cool tips every trader can learn from!





Blog post: https://www.pipsmatter.com/post/my-a...-forex-traders