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GOLD TRADING UPDATE >READ THE CHAPTIANBuddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis setup Gold take a oderbolk going to back up trand 😜 (SMC) Gold today test diamond 💎 zone 2730 support level akvite buying padding orders I will see again for buying higher level 2785 ) Key Resistance level 2763+ 2771 + 2785 Key support level 2730 + 2720 Mr SMC Trading point Support ✨ My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
OANDA:XAUUSDLong
by SMC-Trading-Point
4
What Is a High and Tight Flag Pattern, and How Can You Trade It?What Is a High and Tight Flag Pattern, and How Can You Trade It? The high and tight flag pattern is a formation in technical analysis, signalling a continuation of a strong bullish trend. Recognised by its sharp rise followed by brief consolidation, this formation is highly valued by traders. In this article, we delve into the specifics of the high and tight flag pattern, its characteristics, and how to trade it effectively. Understanding the High and Tight Flag Pattern You have heard of the flag pattern. The high and tight flag pattern is its version. The high and tight flag pattern is a powerful and rare chart formation used in technical analysis. It signals a potential continuation of a strong upward trend and is favoured by traders for its reliability in bullish markets. This formation is characterised by two main components: the flagpole and the flag. The flagpole is formed by a steep price increase, typically ranging from 50% to 100% over a short period, often spanning one to three weeks, though potentially more or less. This sharp rise indicates strong buying interest and momentum. Following the flagpole, the flag appears as a brief consolidation period where the price moves sideways or slightly downward. This phase also usually lasts one to three weeks and represents a pause in the upward trend as traders take profits and the market digests the sharp rise. The flag portion should retrace less than 20% of the flagpole's height to maintain the pattern's integrity. The high and tight flag is highly valued for its effectiveness. When the price breaks out above the upper boundary of the flag with increased volume, it often signals the resumption of the bullish trend. Traders view this breakout as an opportunity to enter or add to positions, anticipating further upward movement. Characteristics of the High and Tight Flag Pattern Here are the specific criteria that define the high and tight bull flag. - Steep Flagpole Formation: The formation begins with a sharp price increase. This rise is typically between 50% and 100%, which is commonly observed in stock and crypto* markets. For forex or commodities, traders can simply look for large, outsized moves that may result from significant news events. - Flag Formation: After the flagpole, the asset enters a consolidation phase. This is how the flag is formed. This part of the pattern appears as a brief sideways or slightly downward movement, indicating a pause as the market digests the rapid price increase. - Retracement Level: During the flag formation, the price generally retraces between 10% and 20% of the flagpole's height. This retracement doesn't need to be an absolute 10% to 20% decrease in price but rather a proportional pullback relative to the initial rise. - Timeframes: The high and tight flag can occur across all timeframes and assets. However, it is generally more accurate on medium-term timeframes, such as the 1-hour to 4-hour charts. This makes it particularly useful for swing traders who focus on these intervals. - Breakout Confirmation: For the pattern to be validated, the price should break out above the upper boundary of the flag with renewed momentum. This breakout often signals the continuation of the prior bullish trend. Why Does the High and Tight Flag Pattern Form? The high and tight flag pattern is based on a combination of strong buying interest and market consolidation. Initially, a significant catalyst, such as positive news or earnings, drives a sharp price increase, creating the flagpole. This rapid ascent attracts more buyers, amplifying the upward momentum. Following this surge, the market enters a brief consolidation phase where traders take profits and the price stabilises, forming the flag. This pause allows the market to absorb the gains without a significant pullback and accumulate more positions. The pattern forms as investors await further confirmation of the trend, often leading to a breakout above the flag. This breakout signifies renewed buying interest and the potential for continued upward movement. Trading the High and Tight Flag Pattern Now, let’s look at general trading rules applied to the pattern. To trade the high and tight flag chart pattern for yourself, head over to FXOpen. Step 1: Identifying the Initial Steep Flagpole Movement The first step in trading the high and tight flag involves spotting the initial sharp upward movement, ideally within a broader uptrend. This steep rise should be between 50% and 100% over a short period or a noticeable sharp move, indicating strong bullish momentum. Traders often draw a trendline from the low to the high of this movement to visualise the flagpole. Step 2: Watching for the Consolidation Phase Following the flagpole, the price typically starts consolidating. This phase can appear as a weak downtrend or a sideways range, usually accompanied by lower trading volume. Traders can draw trendlines to mark the upper and lower boundaries of this consolidation, forming the flag portion. Step 3: Waiting for a Breakout The next crucial step is to wait for a breakout above the upper boundary of the flag. This breakout can occur at the flagpole's high or above the upper trendline drawn during the consolidation phase. To confirm the breakout, traders often use technical indicators such as a moving average crossover or the Relative Strength Index (RSI) moving above 50, indicating bullish territory. A tightening and widening of Bollinger Bands can also indicate a breakout is underway. It’s also best to wait for a close outside of the upper boundary to prevent trading a false breakout. Step 4: Entering the Trade, Setting a Stop, and Taking Profits Once confirmation of the breakout is found, traders enter a trade as the price breaks out or at a retest of the trendline. Setting a stop-loss order below the low of the consolidation phase is a common risk management strategy. This helps to potentially limit losses if the formation fails to hold. Profits might be taken at a 1.5x extension of the flagpole, i.e. taking half of the flagpole’s size and adding it to the flagpole’s high. Advantages and Disadvantages of the High and Tight Flag Pattern The high and tight flag is a popular tool among traders for its reliability and clear signals, but it comes with both benefits and challenges. Advantages - High Reliability: When identified correctly, this pattern often indicates strong bullish continuation, providing clear entry points. - Strong Momentum: The pattern reflects significant buying interest, suggesting sustained price movement. - Easy Identification: The sharp rise followed by a brief consolidation makes it visually distinct and easier to spot. Disadvantages - Rarity: This pattern is relatively rare, limiting trading opportunities. - False Breakouts: Without proper confirmation, breakouts can fail, leading to potential losses. - Market Dependency: Best observed in stocks and cryptocurrencies*, it may be less effective in forex or commodities. - Risk of Over-Reliance: Solely relying on this pattern without additional analysis or indicators can increase trading risk. The Bottom Line The high and tight flag is a powerful tool for identifying strong bullish trends. By understanding its characteristics and applying effective trading strategies, traders can potentially enhance their market performance. To put these strategies into practice and take advantage of market opportunities, consider opening an FXOpen account. FXOpen offers a robust platform for trading and a wide range of assets to help you execute your trading plans with confidence. FAQs What Is a High and Tight Flag Pattern? A high and tight flag pattern is a chart formation in technical analysis that signals a continuation of a strong upward trend. It consists of a steep rise in price (the flagpole) followed by a short period of consolidation (the flag). It is typically seen in stocks and cryptocurrencies* and indicates strong buying momentum, though it can be applied to forex and commodities. How to Identify a High and Tight Flag? Identifying a high and tight flag involves looking for an initial sharp price increase of 50% to 100% over a short period, forming the flagpole. This is followed by a brief consolidation phase, where the price moves sideways or slightly downward, usually a retracement of 10% to 20%, creating the flag. Drawing trendlines along the high and low points of these phases helps visualise the pattern. What Is the Buy Point for a High and Tight Flag? According to the theory, the buy point for a high and tight flag occurs when the price breaks out above the upper boundary of the flag. Traders often look for confirmation of the breakout using indicators such as a moving average crossover or RSI moving into bullish territory. By entering a trade at this point, traders can potentially take advantage of the continued upward momentum. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
ETHUSDT TRADING POINT UPDATE >READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup Ethusdt looking higher level pullback up trend 📈 RSl and EME) INDICATOR) Technical patterns Ethusdt bullish trend 📈🚀 4TF Close above EMA) More bullish ) Key Resistance level 3342+3431+3525+3749 +4111 Key support level 3052 - 2979 - 2920 Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
Long
by SMC-Trading-Point
7
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋 SMC Trading Signals Update Gold Traders SMC-Trading Point update you on New technical analysis update) Gold still going to buying zone ☺️ 🥂 running BSS AND CHO) patterns Now Gold making a new Bss again back up trand safe buying zone 2759) And Next buying target 🎯 point 2800) fundamental analysis / trump telling more rates cute ) that is expected it more gold))) Key resistance level 2788 +2797 +2800 Key support level 2764 -2759 Mr SMC Trading point Support 💫 My hard analysis Setup Lik like and following me 🤝 that star ✨ game 🎮
OANDA:XAUUSDLong
by SMC-Trading-Point
BTCUSD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup list time post signals 💯 reached target 🎯 point now post NEW analysis setup BTC USD. Tast diamond zone orderblok take. Bullish trend 📈 🚀 patterns 109k target 🎯 point ☝️ Key resistance level 101k) 105k)107k) 109k) Key support level 98k) 97k) Mr SMC Trading point Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
BITSTAMP:BTCUSDLong
by SMC-Trading-Point
3
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋 SMC Trading Signals Update Gold Traders SMC-Trading Point update you on New technical analysis update) Gold still going to buying zone ☺️ 🥂 running BSS AND CHO) patterns Now Gold making a new Bss again back up trand safe buying zone 2759) And Next buying target 🎯 point 2800) fundamental analysis / trump telling more rates cute ) that is expected it more gold))) Key resistance level 2788 +2797 +2800 Key support level 2764 -2759 Mr SMC Trading point Support 💫 My hard analysis Setup Lik like and following me 🤝 that star ✨ game 🎮
OANDA:XAUUSDLong
by SMC-Trading-Point
EUROUSD TRADING POINT UPDATE> READ THE CHAPTIN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Euro USD Traders SMC-Trading Point update you on New technical analysis setup Euro USD breakout of MA 200 ) Now 👍 Looking start with bullish trend 📈 🚀 analysis setup update fisrt I look short 1.04918- 1.04322). That' is good buying zone ☺️) target point 1.5540) Key resistance level 1.05215 +1.05540 Key support level 1.4500 1.043222. .104107 Mr SMC Trading point Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
Long
by SMC-Trading-Point
BTCUSD TRADING POINT UPDATE > READ THE CHAPTAINBuddy'S dear friend 👋 SMC Trading Signals Update 🗺🗾 Cryptocurrency Traders SMC-Trading Point update you on BTC USD Trading Signals BTC USD still holding it down trand 107k 3 Time rejected oderbolk ) 105k) rejected again Short Trade now 3H Time Frame 🖼️ target point 99k) Key resistance level 107k) 109k) Kye support level 102k) 101k ) 99k) Mr SMC Trading point Support💫 My hard analysis Setup like and following me 🤝 that star ✨ game 🎮
BITSTAMP:BTCUSDShort
by SMC-Trading-Point
GOLD TRADING POINT UPDATE > READ THE CHAPTAIN Buddy'S dear friend 👋 Gold Trading Signals 🗺🗺 Update Gold Traders SMC-Trading Point update you a new analysis setup for Gold traders Gold making still holding up trand And channel 💥 technical analysis setup last time post signals 💯 Hit target 🎯 400+ pips profits 💰🤑 💥🚀 New analysis setup Guys 2740 open it short trade entry ☺️ target point 2697 why is it Sell trend 📉 guys 2740 channel. Trend. And below 👇 rejected point receiving support level 🎚️ RSi 70- 50 MA support level 2662 Resistance level 2730 2740 Support level 2720 2700 2609 Mr SMC Trading point Support 💫 My hard Analysis setup like And Following 🤝 me that star ✨ game 🎮
OANDA:XAUUSDShort
by SMC-Trading-Point
GOLD TRADING POINT UPDATE >READ THE CHAPTAINBuddy'S dear friend 👋 Gold Trading Signals Update 🗺🗺 Gold Traders SMC-Trading Point ☝️ RSI indicator MA 200 Indicator Manual right o update you good STRATEGY 💥💥 😁. RSI 14 strategy analyse support 💫 level 51.05 2690-2683 MA 200 also good up around that should be Long bullish trend 📈🚀 liset week Gold Bull Trend 📈🚀 hitting 2726 sellers recover from support 2690. Again. Buying zones good entry point of view 😁 buying. Trade 🤝 2690- 2683 📉📈📊 Indicator strategy update RSL indicator 53.53 MA 200 support 2660 Support level 2700 - 2690 -2683 Resistance level 2722+ 2726 2741 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎮
OANDA:XAUUSDLong
by SMC-Trading-Point
The Shocking Truth About Bitcoin And How To Buy It In 3 Steps Buying power is very important. As I scrolled on social media. I started to feel sad many of my friends Have moved on in life. Meanwhile here I am with my knowledge In capital markets which took me About 5 years to master And I have no certificate for it. How can you trade without knowledge? Look at the labour market. How will one make more money? The labour market offers stable income and allows my social circle to "flash" or "shine" Meanwhile looking down On me that learns capital markets. Listen Bitcoin BINANCE:BTCUSD gives you Buying power Learning about the stock market Puts you ahead for the future. It will take time to learn this stuff. But if you keep going am telling you there is light at the end of this tunnel. Freedom is real and you have it in the palm of your hand.You have it in your mind.Use this freedom to learn and keep going. Look at Bitcoin you will notice 3 things: 👉The price is above the 50 EMA 👉The price is above the 200 EMA 👉The price is in an uptrend or gaps up This is called the "rocket booster strategy" To learn more 🚀 Rocket boost this content Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies Also feel free to use a simulation trading account before you use real money
Long
by lubosi
Trading Psychology: How Does Your Mind Matter In Making Money?Trading Psychology: Mastering Your Emotions for Success The renowned book on trading psychology, Tradingpsychologie, aptly states: “The greatest enemy of the trader is fear. He who is afraid loses.” This succinctly encapsulates the importance of managing emotions in trading. As a trader, you’ve likely experienced emotions such as fear, greed, regret, hope, overconfidence, doubt, and nervousness. While every trader faces these emotional challenges, successful traders understand that letting emotions dictate their decisions is a recipe for failure. The essence of trading psychology lies in controlling your emotions to make sound investment decisions. In this article, we’ll delve into the concept of trading psychology and provide practical tips to help you trade with confidence. What is Trading Psychology? Trading psychology refers to a trader’s emotional and mental state, which influences their trading actions. Emotions like hope and confidence can be beneficial, but those like fear and greed must be managed. A common emotional challenge in financial markets is the fear of missing out, or FOMO. To become a successful trader, it’s crucial to cultivate a sharp mindset, coupled with knowledge and experience. Let’s explore the key psychological factors that impact a trader’s mindset and pro-tips to manage them effectively. Key Psychological Factors in Trading 1. Fear Fear arises when something valuable is at risk. In trading, risks may include: Negative news about a stock or the market A trade going in the wrong direction The potential loss of capital Fear often leads traders to overreact and prematurely liquidate their holdings. A strong trading psychology means not letting fear dictate your buy/sell strategy. What should you do? Identify the root cause of your fear and address it in advance. Reflect on these issues so that when fear arises, you can address it logically. Focus on not letting the fear of loss hinder potential profits. 2. Greed Greed emerges when you seek excessive profits. Remember, Rome wasn’t built in a day, and neither will your trading fortune. A winning streak can quickly turn into a disaster if greed takes over. What should you do? Combat greed by setting predefined profit-taking levels. Before entering a trade, establish your stop-loss and profit-booking levels to avoid impulsive decisions. A sound trading psychology involves being satisfied with reasonable profits and avoiding the pursuit of irrational gains. 3. Regret Regret manifests in two ways: Regretting a trade that didn’t succeed Regretting not taking a trade that could have succeeded Trading based on regret can lead to poor decision-making. What should you do? Accept that you can’t capture every market opportunity. The trading equation is simple: you win some, you lose some. Embracing this mindset will help you develop a healthier trading psychology. 4. Hope Many traders equate trading with gambling, hoping to win all the time. When they don’t, they feel dejected. What should you do? To succeed, cultivate a trading psychology that doesn’t rely on hope. Don’t let hope keep you invested in a losing trade. Be practical and book losses at the right time to protect your capital. How to Improve Your Trading Psychology 1. Get Yourself in the Right Mindset Before starting your trading day, remind yourself that markets are inherently volatile. Good days and bad days are inevitable, but the bad days will pass. Take time to build a robust trading strategy unaffected by market sentiment. 2. Build a Solid Knowledge Base Improving your trading psychology begins with increasing your market knowledge. A strong knowledge base empowers you to overcome negative emotions and make informed decisions. Remember, knowledge is power. 3. Recognize the Reality of Real Money It’s easy to forget that the numbers on your screen represent real money. While it’s natural to take risks in hopes of generating returns, always approach trading with caution and make well-thought-out decisions. 4. Learn from Successful Traders The stock market treats every trader differently. Observe the habits of successful traders not to replicate them, but to glean insights. Incorporating some of their strategies into your trading approach can significantly enhance your performance. 5. Practice, Practice, Practice The most reliable way to strengthen your trading psychology is through practice. Consistent practice helps you build effective strategies and prepares you for market ups and downs. Final Thoughts Developing a robust trading psychology takes time and consistent effort. Continuously refine your approach to manage your emotions and improve your decision-making. To summarize, remember these three golden principles of trading psychology: Be disciplined. Be flexible. Never stop learning. I’d love to hear your thoughts and see your charts in the comments section. Let’s grow together as traders! Thank you for reading!
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
14
USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside. Technical Outlook: The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout: Upside breakout: Indicates continued bullish momentum. Downside breakout: Signals a potential CAD-driven correction. Key Levels to Watch: Resistance: 1.4430–1.4450 Support: 1.4360–1.4380 Risk management is essential—always use stop-loss orders and manage your position size to protect your capital. Follow for more trading ideas and education!
by InwardTrader
Waaree Energies Forms Symmetrical Triangle: Next Steps...?WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound indicates potential support at that level, suggesting that buyers are entering the market. If WAAREE ENERGIES successfully breaks out above the upper trendline of the triangle, we could possibly see a significant price movement, signaling a bullish trend. Traders should closely monitor key levels and volume as the pattern unfolds to capitalize on any potential breakout.
NSE:WAAREEENER
by Kartik_Elkunchwar