BTC Future! Not trust me? LookBTC BTC BTC BTC... Love you Bitcoin
You never stop giving us an opportunities
So this trend looks especially realistic
Let's see together and do not miss the chance to make an exallent buy!
Best wishes
Course
The 1.5 Years All Time Low of BTCHey everyone!
The lowest price of BTC is reached already.
It's a very strong level and we can suppose something like on the chart.
So for a long trade i think we can see about 100-120k in next October - December.
Comment me what you think.
The analysis of the behavior of major player COURSE Part 5I want to procced to share my knowledge with you, guys
Now we can see the correction and waiting for pump
It's very clear moment for real.
Check my last idea to know all the course of major players behavior.
Have a nice education with me here😉
LET'S GET REAL: Stop Strategy Jumping!Hey Traders,
This one is going to be a little bit different, a little bit deeper and a little bit harder to listen to rather than usual technical analysis. I recommend you sit down and listen to this. Have a think whether it relates to you or whether you found yourself in this position, or even if you've gone through this position and share your experience on how you go through it. A lot of traders struggle with their strategy, jumping from aspects of trading and that's why so many educators out there make a lot of money off of them. It is time to stop.
In this video I outlay a challenge that I put to all the traders who may find themselves in this position to sit down and to thoroughly test their current or previous strategies and understand them on a deeper level. No more jumping around, no more looking outwards. Let's start looking inwards. Let's see the data that we have handed to us and what we can do to improve that data.
If you enjoyed this video, please leave a comment. Leave a like, if we do get enough likes and comments, I will make a Part 2 on how to go about this with a more depth avenue while using different resources.
As always, have a fantastic training week.
How to lose your deposit quickly? Easy to follow Step-By-Step🔥Why am I qualified enough to teach you this?
I lost 16 deposits and in 6 years I heard dozens of stories of people who lost their life savings in a couple of months by trading. I have personally tested many of these rules and confirmed that they work.
So what are we waiting for? Lets get it started!
1. Trade with maximum leverage
There is no need to trifle, the bigger leverage is, the greater your profit will be🤑
2. Don't use stop losses
SL’s are for the weak. You probably remember how many times your positions went in the right direction after you closed them by stop loss. Stop losses are evil🤮
3. Average losing positions
Everything is simple here - the more you average, the less you lose. That means you can keep going. Nothing ventured, nothing gained🥂
4. Use your last money and don’t be shy to borrow
The more money you put in, the more money you pull out. Since you are 100% sure that BTC will grow, take loans not only in banks, but also from shady organizations, do not look at interest - you will repay everything back in a month anyway, and your profit will cover any losses💵
5. Trade only when you have been fired from work, haven't slept all night, your girlfriend/wife has left, or you have quarreled with relatives
When everything is bad in your life, it is better to do what you do best - trading. Having earned a lot of money, you will not only be distracted from everyday problems, but also regain confidence and a smile on your face!😉
6. When you closed a losing position, immediately open a new one with double volume to recoup losses
You came into trading to win! So win and never admit defeat! You are Hercules and defeating everyone in the market - this is your 14th feat! No step back, only forward!✊
7. Prioritize Elon Musk's conspiracy theories and tweets over technical analysis
Do you already have the conviction that the Illuminati run the market and every time you open a position and the market goes in the opposite direction, the Illuminati move to harm you? If not, then quickly look at your lost trades. You did everything right, but you still lost money. Why is that? Just don't tell anyone...🤫
8. Believe that trading is luck and the odds are always 50/50
This makes it much easier to make decisions. If black has fallen out on the roulette wheel 2 times in a row, then the chances that red will fall out are much greater. Therefore, do not hesitate to go against the trend, probability theory is on your side 💪
9. Stop exercising your body and mind
You will need neither a healthy body nor a focused mind in trading. You only need your eyes to see “buy“ and “sell“ buttons, you don't need much intelligence for this. Being in the green zone? The green zone is a myth for suckers who engage in self-deception.😏
10. Quit your daily job
Since you already created an account on Binance a week ago, watched a couple of trading videos, sorry, I meant in-depth educational materials, and even have already made a couple of successful trades, then it's time to finally quit that boring job. The road to millions is open, it remains only to take the last step.🤩
11. Manage your friends money
Why getting rich alone? Take your friends and family with you. They will be grateful later.🙌
12. Don't look away from the screen until you've regained every last cent.
Winners don't walk away with losses. Make sure your deposit has at least doubled before ending a session.😎
13. Never fix profits. If it has grown a little, then it will grow more.
Do you remember how you closed the position when the coin grew by 5-10%, and then it rose another 200%? That’s what I’m talking about. Don't close too early, keep trades for the maximum profit.📈
14. Trade at night
If you don't have time, don't give up. There is always an opportunity to earn. Even after a hard day at work.🤜🤛
15. Analyze the market on a 5m timeframe and trade on the 1m.
Opportunities are always there - the main thing is to be open to them.🤞
I hope these tips will help you quickly drain your deposit down and return to a normal life. If you liked them or you are already using them, please click Like and leave a comment so that I understand that it is valuable to you and will continue to write educational materials in the future.✌️
The Short Education about Forex and the Players here Part 1Today i want to text some words about the main players in the Forex.
Who is the main traders?
Look....
We could categorize the major players in the market in some groups, but the main that is:
1. Commercial and invesment banks.
It is very important part of all market and all players have to work with the investment banks to work on Forex,
so Investment banks and commercial bank is the foundation of the Forex market.
2. Central banks.
It is also the major participants but they are separated from commercials and investments,
becouse of different goal they are after the exchanging.
Their main goal is to influence the money supply within the country and control the imbalance associated with various situations within countries or geopolitical problems.
3. High-net-worth individuals
It is a persons with hight net-worth. Al of them working with investment and commercial banks. In the American private banking business, such a person is defined as having investable assets of more than $1 million, which excludes his primary residence.
There are also a few other groups, but these are the main ones that we are interested in and we can call them major players or almost big ones.
Now let's get back to the techical part, all of these major players place stops in the double circled zone on the chart.
So it is a bis SALE place.
And the most important thing is that we have already reached it on this pair, even closed a few candles, so think for yourself.😉
Ask questions in the comments.
Learn How to Trade Double Bottom Formation | Full Guide 📚
Hey traders,
If you are learning price action trading, you definitely must know a double bottom pattern.
Double bottom is a reversal pattern.
It is applied to spot early market reversal clues and catch the initiation of a new bullish trend.
Preconditions for a double bottom:
1️⃣ The market must trade in a bearish trend.
2️⃣ After a formation of the last lower high, the price must set equal low.
3️⃣ The price must return back to the last lower high level.
✅Once these conditions are met the pattern is considered to be completed.
The formation of the pattern is considered to be a ⚠️WARNING sign.
Even though many traders buy the pattern once it is completed,
for me it is not enough.
❗️Remember that the price can easily start to consolidate and form a horizontal channel for example.
The trigger that we will look for is the breakout (candle close above) the last lower high level (based on a wick and its highest candle close) - the neckline.
Being broken to the upside, the market sets a new higher high.
It signifies a violation of a current bearish trend.
⬆️Attempting to catch an initiation of a bullish trend, we will buy the market with a buy limit order on a retest of a broken neckline.
❌Safest stop will lie below the lows of the pattern.
💰Your reward must be at least 1.5 of your risk.
Following these simple rules, you will be impressed by how accurate this pattern is!
❤️Please, support this idea with a like and comment!❤️
TRADING BASICS | What is a Pip? 📚
📏Pip is a measurement of the price change in a currency pair trading on the forex market. In most cases, pip is the equivalent to 1/100th of 1%.
That rule is applicable to all the currency pairs quoted to the 4th decimal place like EURUSD.
➡️Current EURUSD price is 1.1696
6 is the 4th decimal place representing a pip.
If the pair moves from 1.1696 to 1.1697, that 0.0001 USD rise in value is ONE PIP.
❌That rule is not applicable, for example, to USDJPY which is only quoted to 2 decimal places.
➡️Current USDJPY price is 109.62
2 is the 2nd decimal place representing a pip.
If the pair moves from 109.62 to 109.63, that 0.01 JPY rise in value is ONE PIP.
🦉The word pip stands for "price interest point" or "percentage in point".
Even though a pip might appear as an extremely small unit of measurement, in leverage trading even the one pip price change of the instrument may lead to a sufficient gain or loss.
➗How to calculate the value of a pip?
Each and every currency has its own relative value.
In the following example, I will show you how to calculate the value of a pip for a particular currency pair.
USD/CAD = 1.2753
Reading that as 1 USD to 1.2753 CAD or 1 USD / 1.2753 CAD
1 Pip =
* 1 USD = 0.00007841 per unit traded.
Following this example, if we trade 10.000 units of USD/CAD, then a one pip change to the exchange rate would be approximately 0.78 USD change in the position value.
Alternatively, pip value can be calculated with various calculators & apps.
I hope that with these examples and my explanation you will understand the concept of a pip easily.
Let me know what do you want to learn in the next posts!
❤️Please, support this idea with a like!❤️
Eurusd 20 08 2021Eurusd The Eurodollar has retraced slightly from the lower border of the channel and is trading between the support and resistance of 1.17.
I expect a deeper rollback, therefore, if the price goes beyond the level and consolidates above 1.17, then we can expect an increase to the resistance of 1.175
———
Improve Forex TradingWhen I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation?
It was a full-blown mystery...🤯
Then, once I started to mature in trading and trade full-time, I became an author on TradingView.
Posting my forecasts and trading setups, I frequently mentioned the confirmation.
And now the newbies that are reading me and learning from me are pissed off...🤬
That is so funny I guess.
But the truth is that the confirmation must become a fundamental part of your trading strategy. It is your key to successful trading.
What exactly is the confirmation?
It depends on many many different things, in this article I will discuss with you the 4 main types of confirmation and give you detailed examples.
1️⃣ - PRICE ACTION CONFIRMATION
That is actually what I prefer.
Analyzing different markets and searching for decent trading opportunities often times we find some peculiar instruments to watch.
Identifying the market trend and key levels we find the potential spots to trade from.
But do we just open the trade once the "ZONE" is spotted?
I wish it could be that simple...
Trading just the zone, without additional clues brings very negative figures. We definitely need something else.
Price action & candlestick patterns can be those clues.
Accurate reflection of the current local market sentiment makes the patterns a very reliable confirmation.
Dodji's, pin bars, double tops/bottoms ...
Proven by history, the skill of identification & reading the patterns will pay off quickly.
Being in some sense the language of the market, the patterns are the fundamental part of my trading strategy.
2️⃣ - FIBONACCI LEVELS
Fibonacci levels are a very popular technical tool. Being applied properly it helps the trader to confirm or, alternatively, disqualify the identified "ZONE".
With multiple different methods like confluence trading, fibs are applied in hedge funds and various banking institutions.
The main problem with the fibs, however, is complexity and a high degree of subjectivity. Meeting different traders and watching different posts on TradingView I noticed that all traders tend to have their own vision. There is no universal system to apply here, a proper fib.confirmation technique can be built only with long-lasting backtesting and practicing.
3️⃣ - FUNDAMENTAL NEWS
The figures in the economic calendar, news, tweets. Actual fundamental news can become your best confirmation tool.
However, the main obstacle right here is the promptness, validity and reliability of the data that you get.
The information shouldn't be delayed and it must be objectively true.
The search for such a source is by itself is a very time-consuming and labor-intensive business not even mentioning its potential costs.
And that is not all. Knowing how to make sense of that data, its proper perception, and understanding requires a solid economical and financial background and experience.
At the end of the day, becoming an expert in fundamental analysis , the trader can easily sort the trading zones and trade only the ones that are confirmed by a decent fundamental trigger.
4️⃣ - TECHNICAL INDICATORS
I believe all the traders apply some indicators. From a simple moving average to some complex composite algorithms, indicators play a very important role in trading.
Being 100% objective and providing up-to-date real numbers and figures, they are our allies in a battle against subjectivity.
For many traders, the various signals from indicators are considered to be accurate and reliable confirmations.
Many algotrading solutions are operating simply relying on such signals and being able to bring consistent profits proves the power of technical indicators.
What confirmation type should you rely on?🧐
I guess the main rule right here is that the confirmation must MAKE SENSE to you. You should feel the logic behind that. It must make you confident in your action, even in case of the occasional losses, it must keep you calm and humble.
Let me know in a comment section what confirmation do you prefer!
IMPROVE YOUR TRADING | 4 TYPES OF TRADE CONFIRMATION ✅👌
"Look for a confirmation!"
"Wait for a confirmation!"
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation?
It was a full-blown mystery...🤯
Then, once I started to mature in trading and trade full-time, I became an author on TradingView.
Posting my forecasts and trading setups, I frequently mentioned the confirmation.
And now the newbies that are reading me and learning from me are pissed off...🤬
That is so funny I guess.
But the truth is that the confirmation must become a fundamental part of your trading strategy. It is your key to successful trading.
What exactly is the confirmation?
It depends on many many different things, in this article I will discuss with you the 4 main types of confirmation and give you detailed examples.
1️⃣ - PRICE ACTION CONFIRMATION
That is actually what I prefer.
Analyzing different markets and searching for decent trading opportunities often times we find some peculiar instruments to watch.
Identifying the market trend and key levels we find the potential spots to trade from.
But do we just open the trade once the "ZONE" is spotted?
I wish it could be that simple...
Trading just the zone, without additional clues brings very negative figures. We definitely need something else.
Price action & candlestick patterns can be those clues.
Accurate reflection of the current local market sentiment makes the patterns a very reliable confirmation.
Dodji's, pin bars, double tops/bottoms ...
Proven by history, the skill of identification & reading the patterns will pay off quickly.
Being in some sense the language of the market, the patterns are the fundamental part of my trading strategy.
2️⃣ - FIBONACCI LEVELS
Fibonacci levels are a very popular technical tool. Being applied properly it helps the trader to confirm or, alternatively, disqualify the identified "ZONE".
With multiple different methods like confluence trading, fibs are applied in hedge funds and various banking institutions.
The main problem with the fibs, however, is complexity and a high degree of subjectivity. Meeting different traders and watching different posts on TradingView I noticed that all traders tend to have their own vision. There is no universal system to apply here, a proper fib.confirmation technique can be built only with long-lasting backtesting and practicing.
3️⃣ - FUNDAMENTAL NEWS
The figures in the economic calendar, news, tweets. Actual fundamental news can become your best confirmation tool.
However, the main obstacle right here is the promptness, validity and reliability of the data that you get.
The information shouldn't be delayed and it must be objectively true.
The search for such a source is by itself is a very time-consuming and labor-intensive business not even mentioning its potential costs.
And that is not all. Knowing how to make sense of that data, its proper perception, and understanding requires a solid economical and financial background and experience.
At the end of the day, becoming an expert in fundamental analysis , the trader can easily sort the trading zones and trade only the ones that are confirmed by a decent fundamental trigger.
4️⃣ - TECHNICAL INDICATORS
I believe all the traders apply some indicators. From a simple moving average to some complex composite algorithms, indicators play a very important role in trading.
Being 100% objective and providing up-to-date real numbers and figures, they are our allies in a battle against subjectivity.
For many traders, the various signals from indicators are considered to be accurate and reliable confirmations.
Many algotrading solutions are operating simply relying on such signals and being able to bring consistent profits proves the power of technical indicators.
What confirmation type should you rely on?🧐
I guess the main rule right here is that the confirmation must MAKE SENSE to you. You should feel the logic behind that. It must make you confident in your action, even in case of the occasional losses, it must keep you calm and humble.
Let me know in a comment section what confirmation do you prefer!
💝Please, support my work with like and comment!
Thank you for reading.
This is ALL you need to be Profitable in TradingGood morning traders! Today we will make an educational post about something that generates many doubts in many people:
That is, what are the tools that I should use to trade correctly? Do I need indicators? do I need extremely complex strategies? The answer is DEPENDS.
Why does it depend? It depends because there are many ways to see and trade the market, and just as there are thousands of traders, so there are also thousands of strategies since there are many ways to combine the different tools that we have. That said, it is worth clarifying that this post is made 100% from our experience, and the objective is not to discredit or downplay other trading methods. This is simply what we use, and for a long period of time, it has served us well.
We will divide this post into two parts, first, a theoretical explanation of each tool, and second, show how we apply the previously explained concepts.
🔸Price action:
This is the first concept that we must cover since it incorporates everything in a certain way. The price action, basically, is the behavior of the price. Depending on the market situation (trend, either bearish or bullish or in range), we may see different price actions. The technical analysis starts from the basis that the price action discounts everything necessary to decide on an asset; therefore, everything that is happening, the price is transmitting in its behavior. For example, if the price is in strong support, and we see that a candle with a lot of volume appears, and it forms a candlestick pattern (suppose bullish engulfing), clearly the price action tells us that there is strong buying interest. This applies to all scenarios; we can also consider a breakout of a structure or correction that closes with a strong candle above the previous high, and so on with infinite cases.
Example of price action in support (real situation in USD / CAD in Weekly Chart):
🔸Trendlines/channels:
This will be a determining tool when defining a trend. Depending on which market or timeframe we trade, we will see more or fewer trends, but they are a very comfortable visual way of marking them. In the case of an upward trend, the concept is based on joining the increasing lows with a line and the same with the increasing highs. Same situation for a downtrend, but with the highs and lows in reverse. The price tends to respect these lines very well, bouncing off them every time it touches them.
Example of trend lines in channel form in EUR / USD Daily Chart (Real example):
🔸Support / Resistance Zones:
The Support and Resistance zones are horizontal and static supply and demand zones. As we saw previously in the trend lines that the price reacts (these are considered dynamic supports and resistances since the value changes as time progresses), the same thing happens here, since they are specific places where there are many buy or sell orders. The key is to wait for a reaction in the price in that area to confirm the movement. When the price moves for a long time between support and resistance, we can say that it is within a range. This usually happens after periods of a powerful trend, where the price begins accumulation/distribution consolidation processes that last a long time.
Here, we have an example on Amazon (AMZN):
🔸Corrective Patterns:
This is a particular concept since it is focused on momentum/trend traders. This trading style is characterized by taking positions that are always in favor of the trend, and corrective patterns are an exciting time to join the movement. These patterns happen after impulses; if we have a strong upward movement, then once the price starts to retrace, it will form a correction pattern in the opposite direction of the trend. They are very useful to be able to join the next trend.
Real example on Facebook (FB):
🔸Risk Management:
The basic idea of risk management is to be able to earn as much as possible but always keeping losses as low as possible, and of course, avoid destroying an account. It is very common to see traders who try to "duplicate" accounts or obtain exorbitant results in very short periods of time. Is this possible? Of course, YES, but we must ask ourselves whether this is functional in the long term, and the answer is NO. OBLIGATORY, if we take high risks, we will lose a lot of money after a certain period of time. This is very simple, trading is a game of statistics, and streaks exist either for better or worse.
There are certain basic rules, such as the % risk of the total capital in each trade. For example, if we have an account of $10,000, a conservative and correct risk to assume, it would not be more than $300 per trade, which implies 3% of the total capital. We recommend risking that value as much as possible, and even the optimum is a little less. We handle ourselves with risks between 1-2%.
Assuming real situations, there are bad streaks of trades that can reach 10-15 consecutive negative trades. Assuming a risk of 2% per operation, we would have a maximum loss of capital of 30%. In this way, we can stay in the game for the long term. Never forget that capital is the raw material of labor, and rule number 1 is NOT TO LOSE IT.
🔸Psychology:
When it comes to trading, thousands of emotions appear that go through our heads, both positive and negative. We will feel fear, euphoria, anxiety, greed, depression, excitement, happiness, and infinite emotions depending on the situation in which we find ourselves. The objective of working on psychology is, obviously, to reduce these sensations, but more importantly, it is to ensure that they do not affect us in our daily work. In the end, we are human, and we will always feel emotions, but the goal is that they do not negatively influence our trading.
In the first place, to reduce negative emotions, we must necessarily know perfectly the statistics of the strategy that we are carrying out. This implies knowing what your return is, what period, maximum loss, how long it will take me to recover it, etc.
On the other hand, it is necessary to perform a backtest to know how it behaved over time and if what I see at the moment is correct. In this way, we will have peace of mind when operating.
We must never forget that this is a business, and expectations must be long-term. Do not measure the result in days or weeks. Look at it in months, quarters, or years. In this way, the results will be more representative.
🔸With the concepts explained, we will see how we can unite them all to take a trade. Although they are all useful, individually, they do not serve us to take a trade. We must unite them in an organized way to use them to our advantage.
We will show you some positions we have taken over the last few months (some already closed, others active).
Bullish Trade on INTU:
In this trade, we see a clear uptrend. The price, after making a maximum, was consolidating for a few months. We detected a clear corrective pattern and took a bullish position once it was broken to the upside. The entry was above the previous high, the stop loss behind the low, and the target in the Fibonacci extension (this concept is not explained, but we can make an informative post later if you want). The risk assumed was 1% of the capital, with a potential gain of +2.5%. The position is open but near the take profit.
Bullish Trade on FB:
Similar scenario to the previous one. Price builds bullish momentum and then corrects. We operate the correction breakout, assuming a risk of 1% with a potential gain of +2.4%.
Bullish Trade on FB (short-term):
This is a trade that we take in addition to the previous one; it is an internal trade. Here, we also incorporate the concept of support/resistance. There was a broken resistance to the upside, and then the price generates a throwback (retest). This setback forms a corrective pattern, which gives us a good opportunity to enter the market—assumed the risk of 1% with a potential gain of +2%.
Bullish Trade on GOOGL:
In this trade, the price breaks the upper end of the bullish channel and begins to correct at the edge. We see a clear consolidation, and we trade the bullish breakout. This trade is already closed with a profit of +1.75% with an assumed risk of 1%.
Of course, not everything is so nice, and there are also stop losses.
Bullish Trade on TLRY:
In this trade, the price breaks the descending trendline and the resistance zone (then support). It generates a corrective structure, and we take a bullish position at the break. The price was a bit in our favor, but then everything turned against us, and we jumped our stop loss.
🔸 This is a small sample of certain technical analysis concepts and how they can be applied to the market. There is no complex science here, no confusing indicators. Simply clear trends, trade-in that direction, and interesting profits with limited risks. That's all it takes to make money on this.
🎓 EDU 6 of 20: What Market Indicators do I Need to Follow?Hi traders, it's time for a new part of our educational series. This series aims to equip new traders with all the necessary tools to trade the forex market. Most of these tools are also used by large market participants in their daily analysis, and for making trading decisions.
Getting started with trading isn't easy, mostly because the internet lacks quality when it comes to trading education. Yes, there are some great posts out there, but how are you supposed to know where to find them, and how to distinguish bad trading practices from good ones? This is why I created this educational series, to equip you with the main tools used by institutional investors and banks in trading.
Alright, let's move on with the sixth part: What Market Indicators do I Need to Follow?
Capital chases yield. Investors will move their capital to markets that offer better yields, be it in the USA, Europe, or Asia. Central banks play a huge role in determining yields when they hike domestic interest rates to fight inflationary pressures (making the domestic currency relatively more attractive), lower yields to support economic activity (making the domestic currency relatively less attractive), or keeping rates unchanged. To recap how this works, visit my previous post (EDU 5 of 20).
Central banks follow market indicators to determine what is the correct monetary policy for current economic conditions. Just like traders, central banks follow CPIs, PPIs, industrial output, PMIs, and labor market numbers, to name a few. And if central banks follow them, you should too.
1. CPIs - Since most central banks have a specific inflation target they want to reach, Consumer Price Indices (CPIs) are one of the most followed market indicators. CPIs measure the change in the prices of goods and services at the retail level over a specific period of time (usually one year), and compares that change to a base period (in the US, the base period is 1982-1984, where the value of the CPI is set to 100.) However, markets are mostly focused on the annual rate of change in the CPI.
2. PPIs - While the CPI measures the change in prices at the retail level, PPIs do the same at the manufacturing level. For example, the PPI would catch changes in the prices of manufacturing input, such as raw materials or labor. Since most of the price changes are spilled over to the retail level, traders often follow PPIs to get early clues on where the CPI could be heading.
3. PMIs - The Purchasing Managers Index is a major leading indicator that catches trends in the overall economic activity. It's based on a survey of purchasing managers in 19 industries, who are asked to assess the current conditions on five major survey areas: new orders, inventory levels, production, supplier deliveries, and employment. Currencies often react with great volatility to PMI releases, making it an important market report to follow.
4. Labor Market Conditions - When talking about labor market conditions, we are actually referring to all the indicators which cover the labor market, including unemployment rates, unemployment claims, non-farm payrolls, average hourly wages, employment change, etc. Many central banks closely follow labor market numbers, as their mandate can also be to target full employment (in addition to an inflation target.) Labor market numbers can also provide some leading insights into the future economy, as the creation of many new jobs usually leads to higher economic output and GDP growth.
Besides the mentioned reports, there are many more reports that can have a significant impact on the forex market. Some of them include retail sales and core retail sales, consumer confidence indices, GDP growth rates, etc. Check them out if you want to get a deeper understanding of the major market reports.
What's important to mention is that markets are focused on the actual number vs the forecasted number. For example, if non-farm payrolls come in at 500k but expectations were set at 350k, this will usually lead to a strong positive reaction in the US dollar. Also, the reaction is stronger is the surprise comes in the direction of the central bank policy (for the example above, if the Fed is hawkish and the NFP comes in stronger, the reaction in the US dollar will be stronger than in the case of a dovish Fed and strong NFP.)
If you find my educational series useful, please consider hitting the "LIKE" button to share the word. Thanks!
ETH plotted course for this fall then rise then fall.I believe we rise from here.. the weekly pivot we are testing. and during the week reach the H3 just over 2k. When this monthly closes it will have a steeper retracement to low 1700 area.
Using weekly and monthly camarilla pivots and CPR
Ignore the time scale. I expect the bounce in the coming week. and the fall on or around monthly close
gbpnzd shortshi traders, heres our analysis on gbpnzd, very simple trade. let me know what you guys think below
safe_trade_academy jordan_g_tp
EUR/CHF : Buy Trade SetupLooking Potential Buy Trade Setup , Buy After Bullish Engulfing candle.
ThankYoU
BASIC STRUCTURE COURSEBasic lessons how forex works.
Will go over supply demand, strategies, rejections, candles, key levels and more next video
Boost Your Skill and Learn Powerfull LessonsUSDCAD is Powerfull example to understand that how actully Patterns Work.
Support with Likes and Comments.
ThankYou
How Do Trade Bull Flag | Powerfull Strategy How do trade Bull Flag while trading in Forex or any other Market.
Bull Flag is very very profitable and reliable pattern to trade in Forex.
Trade with Trend .
ThankYou For Likes and Support.
USDCAD Sell ---> ig@kapitalerdemUSD/CAD: Sell 1.31344 ---> 1.30600.
- Established that buying momentum is over.
- Incident ( BLUE CIRCLE)
- Low risk trade.
- (1:2) Ratio.
"Risk Management" (Traders) vs "Right or Wrong" (Analysts)In this video I explain you with a real time trading context, what the major difference is between a trader and an analyst. Because that's how you'll easily make the difference between the one that actually trade and manage its risks, and the one that just talks and do nothing ! Always remember that if you want to learn how to analyse a market, the follow analysts ! If you want to learn how to trade and manage the risks, follow traders... ! Because being right or wrong is nothing but bullshit in a speculative prospective !
Bests,
Phil
