The BANANA Technique [The Trading Course]

[Darren]

I always find it more useful to see trading signals to avoid than one's to take - thanks for showing the screenshots

[immy]

I always find it more useful to see trading signals to avoid than one's to take - thanks for showing the screenshots

 

Yes Darren: 

I think its more important to learn when NOT to trade. Both are important but since most of the signals are worth "filtering" it is what we "ought" to be good at. 

Another filter today. 

https://www.screencast.com/t/3WStcSqMy

[immy]

Over the past year or more I have used a checklist that has helped me stay objective and helped me remain focused on checking my charts at the top of every hour. I want to record the ACT of checking the CHARTS. 

It works for me. I like to print these and use a pen to mark it. If you like having that "tactile" feel then this might be for you too. 

cheers

pdf attached. 

Trading Checklist.pdf

 
 
 

[jaycrocker1]

I went through 24 months of data and found out a particular type of signal that has cost me the most amount of losses. 

Here I would like to show some screenshots to show which type of signals I try to avoid or should be avoiding. 

AVOID: Signals when you see a REJECTION of a Level. AVOID anticipation of a BREAKOUT of a Trading Range. 

Continuation vs Trend Change Signals: 

 2023-03-22_09-24-55.jpg
 2023-03-22_09-21-06.jpg
 2023-03-22_09-18-23.jpg
 2023-03-22_09-12-27.jpg
 
Take these type of Signals to GET FUNDED QUICK. Win Funded Account Challenge in 1 Trade or Two.jpg
 
In the previous example we saw a failed long signal which appeared at the trading range high (a failed breakout). But here a couple of day later we see a further rejection of the highs and then a signal to the short side. These can be taken if you know why you're doing it. Else wait for the break of this TTR then trade the Retest. 2023-03-22_09-31-49.jpg
 2023-03-22_09-35-05.jpg
 
 
 
 
 

 

These examples are wonderful! Thank you Immy!