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Candlestick Analysis

"EUR/AUD may rise from this level.""EUR/AUD may rise from this level." As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Long
by MohammedFaysal
Usdcad could experience a significant drop in the coming daysUsdcad could experience a significant drop in the coming days. As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Short
by MohammedFaysal
"Nasdaq could experience a significant drop in the coming days.""Dear everyone, NASDAQ may decline in the next few days. I'm currently in two trades."So let's see how things unfold." As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
CME_MINI:NQ1!Short
by MohammedFaysal
Trade Recap: AUDUSD - LONG, 17/10/2024AU Bias Analysis: Price mitigated a 1W FVG and was deeply discounted on the 1D timeframe and although still trading in a counter-trend on the 4H, we saw a displacement higher which formed a 4H bullish order block and established a 1H bullish range. Price protracted lower into EPD and the 1H FVG where I waited for entry confirmation and executed. Grade: Valid What I did well or could've done better: - Executed before market close out of a little bit of FOMO as I was waiting for a meeting to begin. I should've Waited for the 15M candle to close before executing the position. - Regardless of not having a strong conviction in the trade, I executed a position which fit the plan but wasn't picture perfect. - Managed my positions well and closed manually once phase 1 target was achieved.
TVC:DXYLong
by The_Modern_Day_Trader
Gold Bulls in Control: New ATH Expected SoonAs discussed in Monday's analysis, Gold is likely to reach a new all-time high this week, and I still hold this view. After a brief dip that corrected last week's gains, the bulls regained control. At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685. My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
OANDA:XAUUSDLong
by Mihai_Iacob
10
Nifty Vs Moon Phases: How interesting is the chart?(educational)Look at the chart and the effect of moon phases on moves of Nifty. The dark circle resonates with the dates of no moon day and Grey circle indicates the day when we saw a full moon. Invariably in most of the no moon days as can be seen in the chart index is at the peak near no moon day. Then there is a fall seen in Nifty. Recovery starts in few days of Full moon day and then again Nifty makes a peak near no moon day? Is it just a coincidence? Well the chart says everything that I have to say but there is serendipity. If we go by this analysis the recovery in Nifty might be round the corner. Say tomorrow or may be first half of next week. RSI is currently on daily chart is at 37.9 with supports at 36.43 or 26.21 that was the lowest RSI in the last one year on daily charts. Bollinger band shows a support zone near 24430 range. That is the place around which we can expect the turnaround. Father line support is near 23389 which currently looks like a worst case scenario. Resistance for Nifty seems to be at 25033 and 25400. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
5
EURUSD Scalping-day trading HIGH RISKSetup: OTE + FVA + FVG FX:EURUSD I'm using a tight stop-loss here because if it gets hit, I'm prepared to re-enter at a lower level. This approach allows me to better capture high-probability zones while keeping risk minimal at this stage. 📈 RR: 12.15 — A great risk/reward ratio that helps me optimize each trade and manage capital efficiently. Always ready to adapt to market conditions and stick to the plan 👊. If this trade doesn't go as expected, I've already got the next step in mind.
Long
by Jaytradermb