Trading with Ron
As I delved deeper into the world of trading, I realized the crucial role that psychology plays in making successful trading decisions. Through years of experience and continuous learning, I began to appreciate how emotions, biases, and mental discipline can heavily influence trading outcomes. I immersed myself in studying price action, honing my ability to interpret market movements and make informed trading decisions based on them.
What I will learn?
- How to trade with proper risk management
- How to Scalp on the 2,3, and 5 minute timeframes
- How to do a Top Down Analysis
- My psychology behind the trades i take
- How to trade and approach major news
Content/Playlist (8)
- How i took a loss and made it up on same call - Live Scalping on 2m timeframe - 40+ Pips (02:35:58)
Description:
Feb. 17 - Live NY Session Join us in today’s trading session where we navigated Gold trading on a USD Bank holiday using the 2-minute timeframe. We employed a top-down analysis to identify initial selling opportunities but faced a setback when we were stopped out. Rather than rushing into another trade, we demonstrated the importance of patience in trading as we reassessed our strategy and flipped our bias to long positions on Gold. This shift led to a successful run of 30 to 40 pips! In this video, you'll learn key strategies to maintain your composure after a loss and the essential steps to take when seeking to recover. Whether you’re an experienced trader or just starting out, our insights can help you improve your trading mindset and decision-making. Don’t miss out on these valuable lessons! - Gold Sell (5m) in Profit 25 Pips and failed to secure partial profits and trade hit BE (02:41:19)
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Trading Session Overview - Feb. 18/25 - Live Post NY Session In today's trading session, I entered a position on the XAUUSD pair, analyzing a strong bullish trend supported by positive economic data releases, while being overbought on all timeframes. After entering my Sell trade, the market moved in my favor, reaching a profit of 25 pips. Recognizing the bullish momentum and market conditions, I decided to move my stop loss to breakeven. This step was taken to protect my capital and eliminate any risk on the trade, ensuring that I would not incur a loss should the market pull back unexpectedly. However, I chose not to scale out or take any partial profits at this stage, opting to keep my full position open in anticipation of further price movement. While I remained confident in the trade, it’s essential to remember that failing to take partial profits can lead to missed opportunities, especially if the market retraces before reaching the target. Overall, this session highlighted the importance of risk management while balancing the decision-making process around profit-taking strategies. Pip & Dip - Nas100 Buy (2m) moved 25 Pips to Resistance and hit BE - Lesson secure partial profits at zones (02:41:16)
Description:
Live Trading Session Overview - Feb 13/25 - Post NY On February 13, during the Post NY session, I engaged in trading the NAS100 on a 2-minute timeframe. Watching the price action closely, I identified a bearish trend break after a double bottom reversal pattern that formed, indicating a potential shift in momentum. The setup presented a clear opportunity for a buy position trade. After confirming the break, I decided to enter a bullish position, confident that we were experiencing a retracement from an overall downtrend. The trade quickly moved in my favor, running 25 pips in profit, and I was able to set my stop-loss to break even (BE), effectively managing my risk while allowing for the possibility of further profits. However, as the market often does, the trade retraced back towards the support level that had previously held, ultimately stopping me out at breakeven. While I did not incur a loss, this experience served as a valuable lesson. I realized the importance of taking partial profits during trades when they move favorably, which can help secure gains and reduce the impact of adverse price movements, especially in volatile markets like NAS100. This practice would not only enhance risk management but also contribute to more consistent profitability in the long run. Pip & Dip - Live FOMC NY Session - US30 Sell for 40+ Pips while leaving a runner at Breakeven (BE) (02:32:44)
Description:
Live Session Overview - Jan. 29/25 - Post NY Scalping during the FOMC announcement can be an intense yet rewarding trading strategy, especially when it comes to high-volatility assets like the US30. During the recent Federal Funds rate release, I prepared my trading plan, closely monitoring market sentiment and anticipating potential market reactions. Once the Federal Reserve announced the interest rate decision, I observed a swift market reaction, with the US30 showing a strong reaction to the news. Capitalizing on this volatility, I quickly entered a sell position on the US30. The trade worked in my favor almost immediately, allowing me to secure 40 pips profit on 80% of my position. This was a strategic move, as it allowed me to realize gains while also ensuring that my initial capital was protected. I left the remaining 20% of my position running at breakeven, a tactic I often employ to maximize potential upside while mitigating risk. Throughout the trade, I experienced zero drawdown, which further solidified my confidence in the scalping strategy. The key to my success in this instance was waiting for the release of the Federal Funds rate, as the ensuing volatility typically leads to significant price movements that can be exploited for quick profits. In summary, scalping the FOMC announcement allowed me to execute a disciplined trading strategy, effectively managing risk while capitalizing on the market's immediate reaction. This experience reinforced the importance of having a plan in place and the ability to act rapidly when opportunities arise. - Nas100 Buy (long) 3m Scalp for 16 Pips and trailing the runner at 22 Pips (02:09:37)
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Live Trading Session Overview - Post NY - Feb 19/25 - During the Post NY session, I executed a scalp trade on the NAS100 just ahead of the FOMC minutes release. I was closely analyzing the price action on the 3-minute timeframe when I identified a corrective pullback occurring in a higher timeframe demand zone. This setup indicated a potential opportunity for a bullish reversal, prompting me to take a long position. As the market began to react positively, I capitalized on the bullish leg up that followed my entry, quickly moving in my favor. Recognizing the importance of managing my profits, I secured 80% of my position at a nearby resistance level, capturing a quick profit of 16 pips. This move not only locked in significant gains but also reduced my exposure to the market's volatility, especially with the upcoming FOMC minutes that could potentially lead to price swings. For the remaining 20% of the position, I set a trailing stop loss just below the next demand zone. This strategy allowed me to keep my trade open while giving the market room to move in my favor. Ultimately, the market continued its upward momentum, and the trailing stop was triggered, closing the runner with an additional 22 pips in profit. This experience reinforced an essential lesson in risk management: securing profits while reducing overall risk is crucial in trading. By taking partial profits and utilizing a trailing stop, I was able to maximize my gains while protecting myself against unexpected market reversals, exemplifying a disciplined approach to trading even during volatile events like the FOMC minutes release. - Top Down Analysis (TDA) - Thorough TDA on GOLD, Nas100 and US30 - No trades taken (02:58:18)
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Live Trading Session Overview - Post NY Feb 20/25 - Conducting a thorough top-down analysis is crucial for traders looking to identify potential trading opportunities in assets such as gold, the US30 (Dow Jones Industrial Average), and the NAS100 (NASDAQ-100). This methodical approach allows traders to systematically evaluate market conditions from a macro level down to individual securities, enhancing their ability to make informed trading decisions. What is Top-Down Analysis? Top-down analysis begins with an overview of the broader economy and gradually narrows down to specific sectors and individual assets. This methodology generally involves the following steps: 1. Global Economic Analysis: Assessing the overall economic environment, including geopolitical factors, monetary policies, and global economic indicators. 2. Sector Analysis: Identifying which sectors of the economy are performing well or poorly based on the macroeconomic backdrop. This can include evaluating sectors based on economic cycles, such as growth or recession. 3. Asset Class Analysis: This involves analyzing the performance of various asset classes (stocks, commodities, bonds, etc.) to understand where the relationships between them may lead to trading opportunities. 4. Security Analysis: Finally, traders look at individual securities, such as specific stocks or commodities, to pinpoint actionable trading opportunities, supported by technical and fundamental analysis. Importance of Top-Down Analysis in Trading Gold, US30, and NAS100 1. Identifying Correlations: - Gold: Often seen as a safe-haven asset, gold prices can be inversely correlated with stock markets. Conducting top-down analysis can reveal when economic uncertainties might lead investors to shift capital from stocks to gold, creating potential trading opportunities. - US30 and NAS100: Both indices reflect broader market conditions, but they can respond differently to economic news. A top-down approach allows traders to understand the economic indicators driving performance in these indices, helping to identify potential trading positions based on market sentiment. 2. Economic Indicators and Market Sentiment: - Macroeconomic Factors: Economic indicators, such as GDP growth, unemployment rates, inflation, and central bank policies, have significant implications across different markets. For example, rising interest rates can negatively impact stock prices (especially growth stocks in the NAS100) while boosting demand for gold as an inflation hedge. By understanding how these indicators affect various assets, traders can make more strategic decisions. - Tech and Sector Trends: For the NAS100, focusing on technology trends is essential. Analyzing the broader economic landscape can help identify which tech sectors are poised for growth or decline, allowing traders to position themselves accordingly. 3. Risk Management: - Market Conditions: By conducting a top-down analysis, traders can gauge the overall market environment. For instance, if the analysis indicates a bearish market, traders might decide to implement risk management strategies such as hedging their positions in gold against long positions in stocks. - Volatility Assessment: Understanding current volatility levels in gold and equities (US30 and NAS100) through a top-down approach aids in setting realistic stop-loss and take-profit levels, effectively managing risk. 4. Entry and Exit Points: - Timing Trades: Top-down analysis helps traders pinpoint optimal entry and exit points based on broader market movements. For example, understanding that gold prices might surge following a significant economic downturn can guide traders in timing their entries for maximum potential gain. - Trend Confirmation: By analyzing the broader economic landscape and sector performance, traders can confirm trends in gold or stock indices, making it easier to commit to long or short positions based on confirmed patterns. 5. Holistic View of Diversification: - By considering various asset classes, traders can create a diversified portfolio. A top-down analysis can help identify how much exposure to gold, US30, or NAS100 one should maintain based on broader market conditions, ultimately leading to better risk-adjusted returns. Conclusion Conducting a thorough top-down analysis is essential for identifying trading opportunities in gold, US30, and NAS100. By evaluating the economic landscape, sector performance, and individual asset characteristics, traders can make informed decisions that enhance their likelihood of success. This systematic approach facilitates better risk management, improved timing of trades, and ultimately a more comprehensive understanding of the market dynamics that drive asset prices. - Patient and Disciplined Sell trade on S&P500 (15m) for 10+ Points with Runners (03:20:34)
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Live Trading Session Overview - Post NY Feb 24/25 Here's a detailed explanation of how we executed a sell trade on the S&P 500 on the 15-minute timeframe during the post-New York session, focusing on your strategy of securing 50% of your position at 10 points and allowing the remainder to run for an additional 20 points. Trade Execution Overview: 1. Timing the Trade: - You identified the opportunity during the post-New York trading session when volatility typically decreases, providing a more stable trading environment. During this time, the market often reacts to previous price levels and economic news from earlier sessions. 2. Identifying the Setup: - You began by analyzing the 15-minute chart and observed a strong resistance level that had previously indicated seller interest, potentially signaling a good point for entering a short position. - After confirming this resistance with price action signals—such as upper wicks in candlesticks or bearish patterns—you were ready to take action. 3. Entering the Trade: - You executed a sell order at the identified resistance level, placing your entry slightly below the resistance to account for brief spikes. - To manage risk, you set a stop-loss order just above the resistance level, ensuring that you would exit the trade if the market moved against you. This stop-loss placement maintained a disciplined approach in case of a breakout. Managing the Trade: 4. Securing Partial Profit: - As the trade moved favorably, you tracked the price action closely. Once the market moved down 10 points from your entry, you executed your plan to secure 50% of your position. - This action not only locked in profits but also reduced your exposure to potential losses, allowing you to capitalize on the move while remaining financially secure. 5. Trailing the Remaining Position: - For the remaining 50% of your position, you implemented a trailing stop. As the price continued to decline, you moved your stop-loss order to secure profits, thus allowing the runner to benefit from an extended move downwards. - In this case, you targeted an additional 20 points of profit from the remaining position, which involved monitoring the price as it approached the next demand block—an area where buying interest may emerge. Exiting the Trade: 6. Closing the Runner: - As the price approached the demand block, you observed signs of potential reversal or buying pressure, prompting you to close the remaining position. - By exiting at the demand zone, you effectively captured a total of 30 points profit from the overall trade (10 points from the first half and 20 points from the runner), optimizing your gains on both the initial take profit and the extended run-down. Reflection: 7. Post-Trade Review: - After closing the trade, you reflected on the decision-making process and the execution of your strategy. Analyzing what went well—such as identifying the resistance level and managing drawdown effectively—can improve future trading decisions. - This approach reinforces the importance of patience, discipline, and adaptability in trading, key factors that led to the successful management of your S&P 500 trade. Overall, your trade reflected a disciplined approach, allowing you to capitalize on market movements while implementing effective risk management strategies. - Gold (5m) analysis at the Low of the Day (LOD) and how it formed a Reversal and quick 1m scalp for 20 Pips at end of session (02:10:14)
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Live Trading Session Overview - Post NY Feb 25/25 Analyzing how a bottom can be created at the low of the day in trading is crucial for identifying potential reversal opportunities. Understanding Market Bottoms A market bottom refers to the point at which the price of an asset reaches its lowest level before reversing direction and starting to climb. This is often characterized by increased selling pressure followed by a significant shift in sentiment where buyers begin to enter the market, signaling that the downtrend may be over. Factors to Consider for Identifying a Bottom: 1. Price Action Analysis: - New Low Confirmation: Monitor whether the price breaks below the previous day’s low convincingly. A series of lower lows followed by a failure to maintain that trajectory can indicate exhaustion among sellers. - Candlestick Patterns: Look for bullish reversal candlestick patterns, such as hammers, engulfing candles, or doji formations, that occur after a series of downward movements. These patterns can signify that buying pressure is increasing. 2. Volume Analysis: - Increased Volume at Lows: A spike in trading volume as the price approaches the low of the day is a critical indicator. High volume during a decline suggests strong selling pressure, but a surge in volume on a potential reversal can indicate renewed interest from buyers. - Volume Divergences: Pay attention to volume trends in relation to price movement. For instance, if prices are making new lows but volume is decreasing, this could suggest that the selling momentum is waning. 3. Market Sentiment: - Fear and Greed Indicators: Tools such as the Fear and Greed Index can provide insights into market sentiment. Extreme fear often coincides with market bottoms, indicating that a reversal may be imminent. - News and Events: Assess any relevant news or economic data releases that may be influencing market conditions. Certain news can create panic selling, and once the news settles, buying interest may resume. 4. Technical Indicators: - RSI and Stochastic Oscillator: Look for oversold conditions on momentum indicators such as the Relative Strength Index (RSI) or stochastic oscillators. An RSI reading below 30 indicates oversold levels, potentially signaling that a reversal is near. - Moving Averages: Examine the position of short-term moving averages (like the 20-period MA) against longer-term averages (such as the 50-period MA). A crossover can sometimes indicate a shift from bearish to bullish sentiment. 5. Support Zones: - Identifying Support Levels: Previous support or resistance areas often play a pivotal role at daily lows. If the price approaches a known support level or a demand zone, it may offer a favorable point for a reversal. - Fibonacci Levels: Use Fibonacci retracement levels to identify potential support zones. A confluence of the day’s low with these technical levels can increase the likelihood of a reversal. Signs to Look For a Possible Reversal: 1. Reversal Candlestick Patterns: Observing specific bullish patterns at the low of the day is essential. For instance, if a hammer forms at the low, it may indicate that buyers are stepping in. 2. Positive Divergence: Look for positive divergence where the price makes lower lows while momentum indicators (like RSI) make higher lows. This divergence suggests that the selling pressure may be weakening. 3. Break of Resistance: After establishing a bottom, look for a break above key resistance levels formed during the downtrend. This can signal a confirmed reversal. 4. Higher Highs and Higher Lows: Post-reversal, watch for the formation of higher highs and higher lows, which is a hallmark of an uptrend and can affirm that the market has indeed reversed from the low of the day. Conclusion Analyzing the creation of a bottom at the low of the day requires a combination of price action, volume analysis, market sentiment, technical indicators, and support levels.
