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Trade Like A Sniper - Episode 21 - INTC - (7th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing Intel (INTC), starting from the 6-Month chart.
NASDAQ:INTCEducation
by Road_2_Funded
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors. Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
Education
by CRYPTOMOJO_TA
10
Trade Like A Sniper - Episode 14 - US10Y - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing US10Y, starting from the 3-Month chart. - R2F
TVC:US10YEducation
by Road_2_Funded
Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing AUDNZD, starting from the 12-Month chart. - R2F
Education
by Road_2_Funded
Trade Like A Sniper - Episode 12 - GBPAUD - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing GBPAUD, starting from the 12-Month chart. - R2F
Education
by Road_2_Funded
Trade Like A Sniper - Episode 10 - EURJPY - (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 6-Month chart. - R2F
Education
by Road_2_Funded
Trade Like A Sniper - Episode 9 - NQ1- (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing E-mini NASDAQ, starting from the Weekly chart. - R2F
CME_MINI:NQ1!Education
by Road_2_Funded
[EDU-Bite Sized Mini Series] When to trade for best bang for $$?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Okay, let's get started on today's topic. Knowing when to trade and when NOT to trade is very important. This is the "timing" element which is also a crucial part of trading. And, this is especially important if you are looking to trade on a lower timeframe! Understanding the different trading sessions in the forex market and identifying the best times and days to trade can significantly improve trading success. Here's a breakdown of the major forex trading sessions and their characteristics: Asian Session (Tokyo/Singapore/Hong Kong): The Asian session begins with the opening of the Tokyo market, though the AUD and NZD starts trading earlier than it. It's known for lower volatility compared to other sessions, with currency pairs like USD/JPY and AUD/USD often experiencing increased activity.At times, if there's a important news release such as FED interest rate release or Non- farm payroll on a Friday. The preceding Asian Session could have "spill over" activity and increased in volatility in the FX market. European Session (London): The European session, centered around London, is considered the most active session (besides the US). It often sees high liquidity and volatility, making it ideal for day traders. Major currency pairs like EUR/USD, GBP/USD, and EUR/GBP typically exhibit significant movements during this session. 3. North American Session (New York): The North American session overlaps with the end of the European session, creating a period of increased activity. Day traders loved the volatility during this period of time, more over key news releases could be catalyst for further volatility. It's characterized by liquidity from both European and American traders. Currency pairs involving the USD, such as EUR/USD, USD/JPY, and GBP/USD, are particularly active. 4. Best Times to Trade: To be specific, the best times to trade forex are typically during the overlap of multiple trading sessions when liquidity and volatility are highest. This occurs during the overlap of the European and North American sessions, known as the "London-New York" overlap, which occurs from 8:00 AM to 12:00 PM EST. Another optimal period is during the overlap of the Asian and European sessions. Best Days to Trade While forex markets are open 24 hours a day, five days a week, certain days tend to offer more trading opportunities. Tuesday, Wednesday, and Thursday are generally considered the best days to trade, as they typically see higher volatility and more significant price movements compared to Mondays and Fridays. By understanding the characteristics of each trading session and identifying the optimal times and days to trade, you can enhance your trading strategies and capitalize on the most favorable market conditions. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Education
by Shadowing_The_Big_Boys
Implementing SEASONAL TENDENCIESHi guys, In this video I go through what are "seasonal tendencies", and how you can implement it into your analysis and strategy(ies). Seasonal tendencies in the context of financial markets are basically what the particular market or asset has historically done throughout the years in terms of bullish or bearish movement. For example, in April-May the US Dollar is usually bearish, and from May-June it is usually bullish. This is useful information because it can add confluence to your bias/analysis. However, you do not want to solely use this information as a reason to get into a trade. The data is based on the past, and is not indicative to the present/future and also does not represent how much a market or asset can move because the data is only measured relative to what it has previously done. The best approach is to use this as an additional thumbs up if it coincides with your analysis, and if it does, then it allows you to be a bit more cautious or risk averse. A simple analogy is the weather. If you were planning a holiday to Thailand for a sunny getaway, the best times would be from March to July. Most likely you are not going to book a holiday in November during the monsoon season, unless you actually wanted it to rain every day. However, some years have had very little to no rain during the monsoon season. That being said, you would most likely choose to go during a time that seasonally has hot and sunny weather. This is how you can use seasonal tendencies to add an additional layer to your analysis. I hope that was insightful and gave you some ideas to test if you've never heard of seasonal tendencies. You can implement this both as a technical or fundamental analyst (or both). Til next time, happy trading. - R2F
TVC:DXYEducation
by Road_2_Funded
TYPES OF MARKET ANALYSIS1) Fundamental analysis. fundamental analysis focus mainly on micro and macro event that will control market situations in the present and in the future. it includes various events in economic calendar like PPI CPI NonFarm Payroll, Interest rate decisions, and geopolitical senarios like election war climate issues etc 2) Technical analysis. Technical analysis mainly focus on indicators chart analysis volume analysis, various analysis like following candle stick pattern, trading strategies based on indicators 3) Market sentiments Market sentiments focus mainly on how the crowd anticipate wheich direction will market go, like when xauusd reached at its all time top everyone believed it will have a retracement from that zone like share and follow us for more such informative contents
Education
by realmillionairefx
How Many Monitors Do YOU Need? - R2F's Professional OpinionHi everyone, I get this question occasionally, so I figured I would share my opinion on the matter. There are many misconceptions about trading or being a professional trader. One of them is, the more monitors you have, the more successful or advanced you are as a trader. That is complete nonsense. In this video I explain what I think the best number of monitors is to have, and hopefully give you some insight into what works for you. At the end of the day, trading is a personal endeavor and not a one-size-fits-all. Always start with the least, and scale from there, which is the same way you should approach the growth of your trading wealth. - R2F
Education
by Road_2_Funded
2
The 3-Step Method For High-Quality AnalysisIn this video I give you the 3-step method I use to do my analysis. By incorporating these steps, it is also how I do my top-down analysis. You can think of it as a checklist as well. First, I have my Bias, which determines where I believe price is drawn to. For example in the case of SMC/ICT Concepts, we observe where the liquidity is in the market and use that to frame where price is likely going to go to sooner or later. Secondly, I have my Narrative, which is on a lower timeframe, and paints the picture of HOW price is going to form in order to initiate the move to that price target. This usually includes more engineered liquidity on lower timeframes, and manipulation to happen. Thirdly, I have my Confirmation, which is where I want to enter a trade. This is the lowest of the three timeframes, and is the final point in which I will frame a trade setup. Usually I will look for the exact same things I look for in my Bias and Narrative, but on this timeframe. I also tend to include the factor of time, such as Killzones, Seasonality, and News Drivers. Note that the timeframes can be anything you want them to be, and you are not restricted from moving from timeframe to timeframe. But, the important thing is to be consistent with WHERE you believe price is going, HOW you think it may get there (this can change as price forms), and again WHERE you are going to enter a trade. - R2F
Education
by Road_2_Funded
Trade Like a Sniper - Episode 4 - XAGUSD - (10th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing XAGUSD, starting from the Monthly chart. - R2F
FOREXCOM:XAGUSDEducation
by Road_2_Funded
"The Bodies Tell The Story.. The Wicks Do The Damage" - ICTIn this video I'm going to go through one of ICT's most famous sayings, which is "The bodies tell the story, and the wicks do the damage". If haven't taken the time to understand what he means, then you are seriously putting yourself at a disadvantage if you are using his concepts. This is one of the most crucial and useful pieces of the ICT puzzle. You often hear him say that the wicks are painting outside of the lines, which he sees as permissable when he is trading his PD Arrays. So without further ado, I'll try my best to provide some insight. For illustrative purposes I'll use his Market Maker Sell Model. Just to note that this is not a video teaching about his market maker models, so the focus will not be on that or his other concepts. If you don't understand a certain term or concept, please check out ICT's YouTube Channel or the countless other resources online. This video will be predominantly shedding some light on candle bodies and wicks. I urge you to go into your own charts and do your own study. This will truly be something eye opening if it is the first time you've actually decided to take notice. - R2F
Education
by Road_2_Funded
2
Trading is execution - USD/JPY Live trading exampleThis is a short mentoring/educational session. The USD/JPY is the pair we are trading this evening, I analyse this based on the mtf wave structure. I explained the importance of the secondary trend, as a determinant tool or information for what may happen in the future. I also shared one of my waves of success strategy using the DMI and the VMP for trade execution. Finally, after taking the trade, I explained late Mark Douglas probabilistic principles which acts as a solid foundation of our behaviour and interaction with the market.
Education
by Charts247TradingAcademy
Indicators for trading using Bill Williams' Profitunity strategyI published 3 indicators for trading using Bill Williams' Profitunity strategy. For each indicator, I have added a visual and detailed description in English and Russian. In this post I will briefly describe these indicators and how I use them together. AFDSA indicator (Alligator + Fractals + Divergent & Squat Bars + Signal Alerts) Includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum or minimum peak of the Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy: Bullish and Bearish Divergent Bar Signal + Squat Bar + Green Bar + Fake Bar + Awesome Oscillator Color Change + AO Divergence. Crossing the green line (Lips) of an open Alligator. Formation of a fractal. Signal about the breakdown of the last upper or lower fractal. Signal about the appearance of a new maximum or minimum peak of AO in the interval of 140 bars from the last bar. I also added an Alligator display for the higher timeframe, for example, if the chart timeframe is 1 hour, then the higher timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the higher timeframe will be 1 day, etc. AOE Oscillator (Awesome Oscillator + Bars count lines + EMA Line) Includes the Awesome Oscillator with two vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed. I also added display of the AO line for the lower timeframe instead of the EMA line if the Moving Average Line values (method, length and source) are equal to the Awesome Oscillator values in the indicator settings. For example, if the chart timeframe is 1 day, then the lower timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the lower timeframe will be 1 hour, etc. VBCHL indicator (Visible bars count on chart + highest/lowest bars, max/min AO) The indicator displays the number of visible bars on the screen, including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator. The values change dynamically when scrolling or changing the scale of the chart, but with a delay of several seconds, so this feature is included in a separate indicator so as not to slow down the work of other indicators. Indicator settings In the AFDSA indicator I use the following settings: By default, the Squat Bar is colored blue, and all other bars are colored to match the Awesome Oscillator color, except for the Fake bars, which are colored with a lighter AO color. But I also enable the display of "Green" Divergent bars in the "Green Bars > Show" field. I enable the display of Alligator for higher timeframes in the "Alligator for higher timeframe > Enable" field. In the indicator style settings, I disable the display of the highest and lowest bars, maximum and minimum AO peak labels, because these labels are also displayed by the VBCHL indicator depending on the number of visible bars in the chart window. Only after opening a position, I enable all additional alerts in the “Enable all additional alerts” field (after changing this field, you need to re-create the alert for the current chart): crossing the green line of an open Alligator, formation of a fractal, appearance of a new maximum or minimum AO peak. In the settings of the AOE oscillator, I enable the display of the AO line for the lower timeframe instead of the EMA line, setting the same values in the fields for the Moving Average Line (method, length and source) and Awesome Oscillator. In the VBCHL indicator settings, I only enable the simple display text style for labels in the "Simple display text style for labels" field. As a result, when analyzing the current chart, I immediately see all the signals on the chart, the location of the bars relative to the Alligator on the higher timeframe and changes in the Awesome Oscillator on the lower timeframe. And thanks to the VBCHL indicator, I quickly select the desired timeframe for analyzing the 5-wave Elliott impulse, focusing on the interval of 140 bars, and immediately see whether there is divergence between the maximum AO peak and the following lower AO peak in this interval.
OANDA:XAUUSDEducation
by grigorykov
3
Understanding the Differences Between Stock Market and Crypto P2Thank you very much for your support, as I told when we will get 20+ likes on Part 1, than I will make Part 2. Here you get the summary of each, with the other points: 10. Market Infrastructure: The infrastructure supporting traditional stock markets, including trading platforms, clearing systems, and market data providers, is well-established and interconnected, whereas the infrastructure for the crypto market is still evolving and fragmented, with multiple competing platforms and protocols. 11. Market History: Traditional stock markets have a long history dating back centuries, with well-documented market cycles and economic trends, whereas the crypto market has a relatively short history, with significant price movements driven by technological developments and market speculation. 12. Regulation of Investment Products: Traditional stock markets offer a wide range of investment products, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs), all subject to regulatory oversight, whereas the crypto market primarily offers cryptocurrencies and tokenized assets with varying degrees of regulatory clarity. 13. Market Correlation: Stocks and traditional financial assets often exhibit correlations with broader economic indicators such as GDP growth and interest rates, whereas the crypto market may demonstrate correlations with factors such as Bitcoin dominance, market sentiment, and technological developments. 14. Market Participants: Traditional stock markets attract a diverse range of participants, including retail investors, institutional investors, hedge funds, and pension funds, whereas the crypto market has a more diverse participant base, including retail traders, technology enthusiasts, speculators, and early adopters of blockchain technology. 15. Market Fragmentation: The stock market operates as a unified marketplace with standardized trading rules and regulations, whereas the crypto market is fragmented across multiple exchanges, each with its own trading protocols, liquidity pools, and pricing mechanisms. 16. Market Impact of News Events: News events such as corporate earnings releases, economic data reports, and geopolitical developments have a significant impact on stock market movements, whereas the crypto market may react more strongly to news related to regulatory developments, technological advancements, and adoption trends. 17. Market Efficiency: The efficiency of traditional stock markets is supported by established trading mechanisms, liquidity providers, and market makers, leading to relatively stable price discovery and reduced arbitrage opportunities, whereas the crypto market may experience inefficiencies due to lower liquidity, market manipulation, and regulatory uncertainties. Stock Market: Pros: Stability: Stock markets have a long history and are generally stable investment options. Regulation: They are heavily regulated, providing a level of security for investors. Diversification: Investors can choose from a wide range of stocks across various sectors and industries. Dividends: Many stocks offer dividends, providing a source of passive income. Access to Information: There is a wealth of financial information available for analysis and research. Cons: Limited Trading Hours: Stock markets operate during specific hours on weekdays, limiting trading opportunities. High Entry Barriers: Some stocks may require a significant investment, making it inaccessible for small investors. Market Volatility: While generally stable, stock markets can still experience significant volatility during economic downturns or market crises. Slow Settlement: Settlement times for stock transactions can take several days, delaying access to funds. Limited Accessibility: Access to certain stocks may be restricted based on geographical location or regulatory requirements. Crypto Market: Pros: 24/7 Trading: Cryptocurrency markets operate 24/7, allowing for round-the-clock trading. Accessibility: Anyone with internet access can participate in the crypto market, promoting inclusivity. Potential for High Returns: The crypto market has seen explosive growth, offering the potential for high returns on investment. Decentralization: Cryptocurrencies operate on decentralized networks, reducing dependency on centralized authorities. Technological Innovation: The crypto market is at the forefront of technological innovation, with developments in blockchain and decentralized finance (DeFi). Cons: Volatility: Cryptocurrencies are highly volatile and can experience rapid price fluctuations. Lack of Regulation: Regulatory uncertainty in the crypto market can lead to investment risks and market manipulation. Security Risks: Cryptocurrency exchanges and wallets are susceptible to hacking and cyberattacks. Limited Adoption: Despite growth, cryptocurrencies still face challenges in widespread adoption as a mainstream form of payment. Complexity: Understanding cryptocurrencies and blockchain technology can be challenging for newcomers, leading to potential investment mistakes. Summary: Both the stock market and the crypto market offer unique opportunities and challenges for investors. The stock market provides stability, regulation, and a wide range of investment options, while the crypto market offers accessibility, potential for high returns, and technological innovation. Deciding which market is better depends on individual preferences, risk tolerance, and investment goals. Diversification across both markets may provide a balanced approach to building an investment portfolio.
NASDAQ:TSLAEducation
by smarttrader012
2
📈Mastering Stock Selection:A Journey to Long-Term Wealth💰Part1Interested in selecting high-quality stocks and growing your wealth through long-term investing? Today, I'll guide you through effective stock selection methods, including the top-bottom and bottom-top approaches. Remember, as Warren Buffett famously said, "The stock market is designed to transfer money from the active to the patient." 💼📈 Let's start with the top-bottom approach. First, you choose an economy, such as Indian, US, or UK. Next, select a sector within that economy, like Financial Services, IT, or Pharma. From there, narrow down to an industry within the sector, such as AI, Clean-technology, or Hardware. Finally, choose a company within the industry. Don't worry if it seems complex – I'll provide examples and guidance throughout. 💡🔍 Conversely, the bottom-top approach flips this order. We start by selecting a company, then move up to its industry, sector, and finally, the economy. 💼🔄 Let's put theory into practice with the top-bottom approach: (a random example) 1. Choose India as the economy. 2.Select the IT sector for its promising future. 3. Opt for AI as the industry due to its potential. 4. Select Infosys as a company. Now, it's your turn! Share examples of top-bottom or bottom-top approaches in the comments for practice. 💬💡 In the upcoming discussions, we'll delve into the fundamentals of sector, industry, and company analysis. Don't worry—I'll explain everything from market cap and cash flow to return on equity (ROE). 📊✨ Target of likes (boosts): 25+ (if we achieve our target than I will make Part 2) 🎯🚀 Follow for more such ideas & learning content! 🔍
NASDAQ:AAPLEducation
by smarttrader012
1
[EDU-Bite Sized Mini Series] Various FX involved,Mostly..Hello Traders, here we go again! Let me cover a little bit more on the next topic in this mini series, the various currencies that are involved and a little descriptions about them! Let's begin! In the vast realm of forex trading, understanding the intricacies of currency pairs is fundamental to success. As a Full-time forex trader with years of live experience, I'm here to shed light on the major and minor currency pairs that dominate the market. Major Currency Pairs: The Powerhouses of Forex. Normally most retailers trade these pairs as they offer higher liquidity and therefore tighter spreads. Major currency pairs are the cornerstone of forex trading, encompassing currencies from the world's largest economies. These pairs typically involve the most traded currencies globally and offer high liquidity and stability. Among the major pairs, the most prominent include: 1. EUR/USD (Euro/US Dollar): Known as the "fiber," this pair represents two of the world's largest economies, the Eurozone and the United States. It's renowned for its liquidity and tight spreads. 2. USD/JPY (US Dollar/Japanese Yen): Dubbed the "ninja," , the JPY or the YEN, this pair reflects the economic relationship between the US and Japan, two economic powerhouses with distinct monetary policies. 3. GBP/USD (British Pound/US Dollar): Often referred to as "cable," this pair reflects the relationship between the UK and the US, and it's influenced by economic data, geopolitical events, e.g. Brexit developments. 4. USD/CHF (US Dollar/Swiss Franc): Known as the "swissie," this pair is influenced by safe-haven flows, Swiss banking policies, and US economic data. 5. AUD/USD (Australian Dollar/US Dollar): Termed the "aussie," this pair is closely tied to commodity prices, particularly gold and other precious metals, as Australia is a major exporter of raw materials. 6. USD/CAD (US Dollar/Canadian Dollar): Called the "loonie," this pair is heavily influenced by oil prices, given Canada's status as a major oil exporter. Minor Currency Pairs: Navigating the Market Beyond Majors While major pairs dominate forex trading, minor currency pairs offer unique opportunities that should not be overlooked as well. These pairs involve currencies from smaller or emerging economies and could be less liquid than their major counterparts. Notable minor pairs include: 1. EUR/GBP (Euro/British Pound): This pair reflects the relationship between the Eurozone and the UK, and it's influenced by economic data from both regions. In my opinion, this pair quite frequently range and sometimes it is termed as "mean reverting pair". 2. EUR/JPY (Euro/Japanese Yen): Combining two major currencies, this pair offers opportunities for traders seeking exposure to both the Eurozone and Japan. 9. GBP/JPY (British Pound/Japanese Yen): Known for its volatility, this pair attracts traders looking to capitalize on the economic dynamics between the UK and Japan. It is also one of the top favorite for scalpers. 10. AUD/JPY (Australian Dollar/Japanese Yen): Influenced by commodity prices and risk sentiment, this pair is popular among traders seeking exposure to the Australian and Japanese economies. 3. NZD/USD (New Zealand Dollar/US Dollar): Known as the "kiwi," this pair reflects economic developments in New Zealand and global risk sentiment. 4. CAD/JPY (Canadian Dollar/Japanese Yen): This pair offers insights into the commodity markets and the economic relationship between Canada and Japan. In conclusion, mastering major and minor currency pairs is essential for navigating the forex market effectively. Major pairs offer stability and liquidity, while minor pairs provide opportunities for some diversification. By understanding the dynamics of each currency pair and staying informed about global economic developments, traders can unlock the full potential of forex trading and achieve profitable outcomes in this dynamic and ever-evolving market. And of course don't forget about your technical analysis! Thank you for your time and hope you have enjoyed the content and if you do so please leave a thumbs up or a comment if you have any suggestions to make this better! Do check out the other links if you missed out on the other parts of this Forex Mini Series i put up for all (FREE)! Signing out! STBB
Education
by Shadowing_The_Big_Boys
1
Stock Market Logic Series #9Two Daggers Buy Pattern EXPLAINED This is a super powerful pattern for a buy. Especially if you are a value investor. What do you want to look for? 1. You must see TWO daggers to the downside. A dagger is an extremely abnormal drop in price with a HUGE volume. You want to see the first dagger, and then pray for the price to continue falling at a normal rate. Normal rate = people are trying to pick the bottom (without success). Then you want to look for (wait = put alerts) for the SECOND DAGGER. Then after the second dagger arrives and you get a second sharp drop in price, then you want to expect a rejection up and a new strong trend up should emerge. 2. Exterme volume on the daggers! Ideally, you want the volume of the second dagger to be bigger than the first one. This means that someone is loading all he can get since he KNOWS KNOWS KNOWS that the price is going to get higher for sure. I bet you would have done the same... if you KNOW KNOW KNOW its going UP! This pattern does not happen all the time, and it is more likely to happen near the end of a bear market. But prices get so unreasonably cheap, that its obviously for fundamental reasons that they are wrong! so someone who KNOWS will take all the money he can get to load into this stock at this price.
NASDAQ:METAEducation
by ZoharCho
Getting Paid? With the USD/TRY Carry Trade?The USD/TRY has one of the highest Roll Over Interest out there should you choose to take on this highly volatile pair. It isn't so much that it is volatile, it has to do more with price just moves one direction, and that is up. The way we want to go is down (short) or at least sideways (ranging). Why is this interesting? It is because the Rollover Interest for going short stands at a whopping annualized rate of 28.94%. With 1:4 Margin Requirement for trading a standard lot on the TRY (based off the broker I use), $25,000 could earn me $28,940 yearly, which would be a staggering 115% return at the end of the year. Compounded, I would be a multimillionaire in no time, Buying up yachts, private jets, gourmet food, luxury cars, a pony that shoots lasers, Space X Starship, and countless other items. But hold up, is there a downside or something that makes this too good to be true? Yes, there is price movement as well as changes in interest rates as well as capital in the account. Having only $25,000 in the account, going full throttle and placing one huge position is sure to activate a margin call within seconds (as price can move thousands of pips against you quickly) and/or cause you to lose more than you put in. Now, we don't want that. You would need to have at least double the amount in the account in order to allow for price movement. The return would be halved, but making over 50% yearly isn't too bad either, is it? With price movement, the USD/TRY (I just call it the TRY), price moved higher over 57,000 pips in 2022, and over 100,000 pips in 2023; that is $18,240 and $32,000 respectively. Interest have just reached 45%, so things definitely would not have been good. Now, with funds in your account, not to many of us have $25,000 lying around to utilize in the markets, nor do we want to just tie up $25,000 into something really risky. Yet if used correctly and price does stabilize, then the TRY carry trade could payout (similar to the EUR/HUF). What could be done to reduce the risk? For starters, position sizing. Don't use the full force of your account and go "YOLO." Manage expectations. With a $25,000 account size, only getting into a position at around $3,750 (which is about 15% of the account used and a 15k position), would be around $3,650 return, which would be about a 14.6% return (still not bad. How many people can do this). If things go sour and price does move up at the end the year by 100,000 pips against you ($0.05 move per pip), that would be -$5,000 reduced to $1,350 because of the gained rollover interest (which would be only a 5% hit to your account instead of 20%). Putting some hedges in could also reduce some of the risk. Additionally, research and analysis, this could push you to make a more informative speculation on if getting into the pair is a good idea. Furthermore, to really ensure you don't lose any money, is to not get into the pair at all. For myself, I am utilizing around 41% of my Forex account in this pair, about 14% of my overall accounts. There are hedges in place to reduce the impact of price moving against me as well as my position being small enough to not cause any traumatic moves, even if price moves 100,000 pips against me (of course don't want that to happen). The decision is also made to stay in this pair for the long term or until there is some major changes. There is additional funds in reserves if needed, if things don't go well, in order to put another plan into play to get out of my positions in an orderly fashion. You all have some great trading out there.
Education
by DollarSaenz
2
What is TRADING PLAN and how to use it ! What is TRADING PLAN ? A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan can help traders and investors to achieve consistent results and avoid emotional or impulsive decisions. A trading plan should be written in a clear and concise manner and be regularly reviewed and updated. One of the main benefits of having a trading plan is that it can help traders and investors to define their personal trading style and goals. For example, some traders may prefer to trade in the forex market, which is the world’s largest financial market and offers high liquidity, around-the-clock trading and the possibility of using leverage. Other traders may opt for the stocks market, which involves buying and selling shares of well-established and financially sound companies, also known as blue chips. Blue chips are generally considered to be less volatile than forex and may offer steady growth potential and dividends to investors. Another advantage of having a trading plan is that it can help traders and investors to identify the best trading opportunities and strategies for their chosen market and instrument. A trading plan should include the following elements : • Entry and exit rules : These are the criteria that determine when to open and close a position, based on technical or fundamental analysis, indicators, signals, patterns, trends, etc. If I want to explain more, I have to say that Entry and exit rules are the criteria that determine when to open and close a position, based on technical or fundamental analysis, indicators, signals, patterns, trends, etc1. They are essential for having a trading plan and a trading strategy, as they help traders and investors to define their personal trading style and goals, identify the best trading opportunities and strategies, and manage their risk and reward. For example, if you are a trend-following trader, you may use a moving average crossover as an entry rule, meaning that you buy when a faster moving average crosses above a slower moving average, indicating an uptrend, and you sell when the opposite happens, indicating a downtrend. You may also use a trailing stop as an exit rule, meaning that you adjust your stop-loss order to follow the price as it moves in your favor, locking in some profits and protecting yourself from a reversal. Entry and exit rules can vary depending on the market, instrument, time frame, and trading style that you choose. They can also be combined with other tools and techniques, such as risk-reward ratio, position sizing, diversification, etc. The key is to have clear and consistent entry and exit rules that suit your trading plan and objectives, and to follow them diligently. • Risk management : Risk management is the process of controlling the potential losses and maximizing the potential gains of each trade, by using tools such as stop-loss orders, profit targets, position sizing, diversification, etc. Risk management helps traders and investors to protect their trading accounts from losing all of its money and to achieve consistent results. Some common risk management strategies for traders are2: Determining your risk appetite : This means knowing how much you are willing to risk on each trade, based on your trading goals, capital, and risk tolerance. A common rule of thumb is to never risk more than 1% of your account on any single trade. Knowing your risk-reward ratio : This means calculating the expected return of each trade, compared to the potential loss. A risk-reward ratio of 2:1 or higher is generally considered favorable, meaning that the potential profit is twice as large as the potential loss. Using stop-loss orders : These are orders that automatically close your position when the price reaches a certain level, to limit your losses. Stop-loss orders can be fixed or trailing, meaning that they can follow the price as it moves in your favor. Using profit targets : These are orders that automatically close your position when the price reaches a certain level, to lock in your profits. Profit targets can help you to exit the market at the optimal time and avoid greed or fear. Position sizing : This means adjusting the size of your position according to your risk appetite, risk-reward ratio, and market conditions. Position sizing can help you to balance your portfolio and diversify your risk. Diversification : This means spreading your risk across different markets, instruments, time frames, and strategies. Diversification can help you to reduce your exposure to specific risks and increase your chances of success. Risk management is an essential but often overlooked prerequisite to successful trading. By following a rational and objective approach to risk management, you can avoid common pitfalls such as overtrading, undertrading, revenge trading, fear of missing out, etc. Risk management can also increase your confidence, discipline, and consistency, which are vital for success in the financial markets. • Performance evaluation : This is the method of measuring and analyzing the results of the trading plan, by using metrics such as win rate, risk-reward ratio, drawdown, return on investment, etc. A trading plan is not a static document, but a dynamic one that should be adapted to the changing market conditions and the trader’s or investor’s experience and skills. A trading plan should be tested and backtested before being implemented in the live market, and should be reviewed and revised periodically to ensure its effectiveness and suitability. Having a trading plan in forex and stocks market can help traders and investors to achieve their financial goals and avoid common pitfalls such as overtrading, undertrading, revenge trading, fear of missing out, etc. A trading plan can also increase the trader’s or investor’s confidence, discipline and consistency, which are essential for success in the financial markets. KEY POINTS : A trading plan is a systematic method for identifying and trading securities in the forex and stocks market. A trading plan can help traders and investors to achieve consistent results and avoid emotional or impulsive decisions. A trading plan should include entry and exit rules, risk management, and performance evaluation. A trading plan should be written, tested, reviewed, and updated regularly. A trading plan can increase the trader’s or investor’s confidence, discipline, and consistency. Prepared by : Arman Shaban
OANDA:XAUUSDEducation
by ArmanShabanTrading
25