Trading Idea: Bearish Shark Setup on NZDUSDI wanted to share an interesting setup on NZDUSD that’s been forming for a while. Let’s dive into the details!
Current Overview:
Bearish Shark Setup:
Potential Reversal Zone (PRZ) : The setup has been hovering at the PRZ, which some traders might misinterpret as a violation.
Key Insights:
Having the Right Knowledge Matters : From my 19 years of trading and nearly 16 years of coaching, I’ve seen even experienced traders make mistakes in reading signals like this. It’s not uncommon for traders with 8 years of experience to misjudge such setups.
Strategy:
Second Chance Entry:
Key Level : 0.5935
What to Do: If you missed the initial signal, wait for the market to retest 0.5935 for a second chance entry opportunity.
Community Alert:
This Trade Alert was triggered at 14:00(SGT)
Final Thoughts:
Patience and proper signal interpretation are crucial in trading. If you’re looking for a second chance, keep an eye on 0.5935. Don’t hesitate to reach out if you need more insights or if you missed this trade.
What’s your take on this setup? Have you seen similar patterns before? Share your thoughts and strategies below!
Happy trading, everyone!
Community ideas
MARUTI BULL FLAG BREAKOUT??🚀 MARUTI Breaks Out! 🏁📈 🚀
The bulls are back in the driver's seat! 🐂💥 MARUTI stock has just broken out of a classic bull flag pattern, signaling a potential surge ahead. This technical formation indicates a period of consolidation, followed by a strong continuation of the previous uptrend. 📊💹
For the savvy investors, this is a golden opportunity. The breakout confirms the bullish momentum and points to further gains on the horizon. 🌟📈
As the market buzzes with excitement, remember to stay informed and make decisions based on your own research. The road ahead looks promising, but as always, tread with caution and keep your investment strategy in check. 🧐📚
Join the ride and let's watch MARUTI rev up the engines! 🏎️💨
Potential Big Move for Verasity (VRA)? History May Rhyme...Hello there, fellow traders!
I’ve been taking a close look at Verasity (VRA) and wanted to share an interesting pattern I’ve noticed on the VRA/USDT chart from KUCOIN.
This is my first time publishing an idea, so feel free to counter my idea as I am eager to improve. Before diving in, remember, this is not financial advice (NFA) – always do your own research and invest wisely!
Historical Patterns:
Looking at the daily chart, Verasity has shown some impressive movements in the past. Check out these key points:
Previous Cycle (A to F):
Starting Point (A): After a period of consolidation, VRA took off.
Peak (F): The price surged by an incredible 36,859.39%!
Current Analysis:
Potential Bottom (D?): We seem to be at a similar point to previous lows, suggesting a potential new cycle could be beginning.
Future Projection (F?): If history repeats, we could see a rise of around 21,059.58% from current levels.
Why This Matters:
Patterns like these can offer valuable insights, especially for those looking to time their investments. If VRA follows its historical trends, we might be in for a substantial upward movement.
Key Levels to Watch:
Support Levels: Around the “A” and “D” points, where prices have historically bottomed out.
Resistance Levels: The “B” and “F” points, marking significant peaks.
Final Thoughts
While these patterns are promising, remember that cryptocurrency markets are highly volatile and unpredictable. This analysis is based on historical data and past performance does not guarantee future results.
As always, this is not financial advice (NFA). Be sure to conduct your own research and consider your risk tolerance before making any investment decisions.
Happy trading and let’s see where VRA takes us next!
What Lot Size to Use in Forex for $10, $100, $1000 Account
I will share with you a simple guide, that will help you to calculate a lot size for your forex trading account easily.
In brief, let me explain to you why you should calculate a lot size for your trades.
If you trade Forex with Fixed lot, you should be extremely careful. Too big lot size may lead too substantial losses or even blown trading account, while with a too small lot you may miss good profits.
To calculate the best lot size, follow these 5 simple steps.
1. Make a list of all Forex pairs that you trade
Let's say that you trade only major forex pairs:
EURUSD,
GBPUSD,
USDJPY,
USDCAD,
NZDUSD,
AUDUSD
2. Back test every pair and identify at least 5 past trading setups on each pair
Above, you can see 5 last trades on each 6 major forex pairs.
3. Measure stop losses of each trade
4. Find the trade with the biggest stop loss in pips
In our example, the biggest stop loss in on GBPUSD pair.
It is 34 pips.
Remember this number and the name of a currency pair.
Why we need to do that? Your lot size will primarily depend on your risk in pips. For example, scalpers may have 10/15 pips stop losses, while swing traders may have even 100 pips stop losses.
5. Open a Forex position size calculator
You can use any free calculator that is available.
They are all the same.
6. Input your account size, 2% as the risk ratio and a currency pair with the biggest stop loss (GBPUSD in our example)
In "stop loss in pips" field, write down the pip value of your biggest stop loss - 34 pips in our example.
For the account size of 1000$,
the best lot size to use 0.05 standard lot.
The idea is that your maximum loss should not exceed 2% of your account balance, while the average loss will be around 1%.
Remember to carefully back test your strategy and now exactly your maximum risks in pips, to make proper calculations!
❤️Please, support my work with like, thank you!❤️
Microsoft Earnings Raise Fears Over AI Spending. Bubble Go Pop?Playing catch-up is big among the highflyers of technology as the Magnificent Seven club races to slurp up AI demand. But is AI spending going to lead to AI bonanza? It’s not that straightforward.
Microsoft (ticker: MSFT ) reported its earnings update for the spring quarter Tuesday after the closing bell. But it failed to appease investors who seem to be waking up to a reality where the billions of dollars jammed into artificial intelligence might not that easily convert into coveted profits.
The AI-optimistic large-cap behemoth has spent piles of cash on advancing its artificial-intelligence capabilities without much to show for it. Markets punished the stock in after-hours trading with shares diving as deep as 8% — a drop that later recovered but still lingered under the flatline.
“Throw Some AI in There, They’ll Love It”
You know how much CEOs love to throw AI in their earnings calls? Microsoft boss Satya Nadella praised the company’s AI efforts in the call with shareholders but even the overuse of AI couldn’t bring the feelgood factor.
Microsoft’s AI-powered cloud business, Azure, grew 29% in the three months to June, falling short of expectations and undershooting the 31% growth in the previous quarter. The company rushed to patch it up and assuage spooked investors, saying the slowdown was due in part to demand for AI running ahead of capacity.
Microsoft: Throws $55.7 billion in capital expenditures.
AI: * giggles, burps * "Thanks for the cash."
For the past three months — the company’s fiscal fourth quarter — Microsoft saw its capital expenditures balloon by almost 80% year-over-year to $19 billion. Moreover, for fiscal 2024, total capital expenditures, or how much the company spent on new stuff, hit $55.7 billion — a figure that is likely to get surpassed next year as Microsoft projects increased spending on AI.
Microsoft’s quarterly results are the latest example, after Google’s (ticker: GOOGL ) flop of an earnings report and Tesla’s (ticker: TSLA ) profit-squeezing quarter , of Big Tech’s lofty aspirations when it comes to AI. And the pushback reaction from investors shows that expectations are so high, it’s near-impossible to beat them.
Big Tech is racing to build out the infrastructure layer that will allow AI to scale so it can start churning out a profit. But the going has recently gotten tough. The Magnificent Seven club of tech mainstays washed out more than $1.5 trillion from its collective market value in the past three weeks.
The question that lingers on investors’ minds right now is how long can markets stay patient before they see revenue growth from AI materialize?
Let Us Know Your Thoughts!
With all the hype around AI, do you see a bubble in the works? Or justified no-froth, no-nonsense valuations? Share your thoughts below!
GOLD will rise by +300% in only 3 years! (Better than Bitcoin)I am pretty confident that GOLD will rise by +300% in price in only 3 years! Is gold a better investment than Bitcoin at this moment? Should you sell BTC and buy GOLD? Definitely yes, and I will tell you why!
Gold was in a sideways consolidation period from 2011 to 2024. And this year, in March 2024, the price finally made a strong breakout bullish candle on the monthly chart that changed everything! The big players have a lot of liquidity and then cannot move large amounts of money from one asset class to another with a single order. Also, for them, it's not best to buy all assets at the same time. In 2024, we see that big players are hugely interested in gold again, so this should be your main focus.
Why can Gold go 300% in 3 years and Bitcoin cannot? That would be around 210,000 USD per Bitcoin in 2027, and we know that this is impossible to happen as Bitcoin is statistically dropping every third year by 70% - 90%. Of course, big players are using this high volatility to buy cheap Bitcoin and to force retail investors to sell in a huge loss. They will do it again, as it's extremely profitable for them. Most likely, the price of Bitcoin in 2027 will be below 70k!
From a technical perspective, on the monthly chart we can see that the price of GOLD is inside this ascending parallel channel (since the year 2000). The probability of touching the top of the ascending channel is very high at this moment. From the Elliott Wave perspective, gold is starting an impulse wave (3)! Usually, waves 3 are the strongest! Another indication that huge news is coming for GOLD.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Predicting Bitcoin's Cycle Using the Elliott Wave Theory, Part 2Hello traders. In this article, we dive deeper into another detailed way of seeing Bitcoin's potential end-of-cycle pattern. This is the 2nd part to the previous post that discusses Bitcoin's cycle using the Elliott Wave Theory - a comprehensive and subjective theory. Here, we will be exploring an alternative scenario that builds on our previous concept of Bitcoin fractals since its inception in 2009. By addressing some of the subjectivity in the wave theory and leveraging market psychology and algorithmic fractals, this post is aimed to provide another organized and insightful look at the structure of Bitcoin's price movements.
If you are interested in seeing the first scenario, here is a link for your convenience:
For this alternative scenario, as mentioned above, it addresses some of the subjectivity that arises from the Elliott Wave Theory, specifically the observation of multiple 1-2 scenarios presented in our previous idea. Although the idea was supported by evidence from market psychology and algorithmic fractals, the problem arises by having the possibility of infinite 1-2 nested structures that works upon extending each internal wave - which is a pretty rare observation in any markets; however, Bitcoin has been able to withstand year by year and work on a pretty timely schedule. Based on the expectations, we used that observation to create the scenario of nested 1-2's. Nevertheless, due to its possible subjective count, this idea focuses more on the structural integrity of the basic 5-wave pattern and being able to fit the whole price action from inception as a 5-wave pattern.
Simply put, this thesis aims to create a more organized structure. As many are still eager to determine how far Bitcoin might correct after this bull run ends, I hope this idea can also give you confidence to help build your own thesis.
There is one thing that is for sure, however: the evidence portrayed from both of these scenarios strongly suggests that we will see higher levels before lower levels, though no theory can be 100% accurate, we could technically see a reversal even now. But my duty is to make sure to narrow down the scenarios as best as I can.
For this specific idea, we have structured this whole move up as 5 waves since inception, sticking as closely as possible to the basic Elliott Wave model of the 5-wave impulse. To achieve this, we made some simple adjustments from the first thesis in the previous post.
The challenge for many arises when trying to fit a wave 3 that must be the longest or second longest wave compared to waves 1 and 5. In this chart, since primary wave 1 in yellow is the longest, wave 5 must be technically shorter than wave 3, which is a strict rule and must be obeyed.
To accomplish this, we can use the 2017-2020 price action as a range initself for wave 4. Previously, we considered the pandemic crash as a technical bottom. If we use that as a sideways range, the only viable sideways patterns are triangles and flats (as we have exhausted the zigzag family correction patterns for wave 4 already). For more details on these patterns, please refer to the previous guide on triangle and flat patterns in my Elliott Wave Theory guide on my main page.
By using the 2017-2020 range as a triangle, our subwave E has resulted in an extremely short subwave, known as a failure or truncation. After breaking out of the triangle, the next step is to figure out on how to form wave 5, which is the final part of the 5-wave motive impulse.
Currently, the only way we can see wave 5 concluding is through a possible diagonal given the current data. Why? We would typically expect a basic 5-wave move for wave 5, but since wave 5 has to be short and wave 1 was extended, we do not expect the last primary wave 5 in yellow to be extended.
Thus, the only remaining option is a possible diagonal pattern to complete wave 5, since we have also assumed it will be short due to wave 1 already being the longest wave and wave 3 being the 2nd longest wave.
This Ending Diagonal, which consists of 5 waves (unlike a Leading Diagonal, which appears in waves 1 or A), they are only observed in wave 5s or wave Cs.
To construct our Ending Diagonal, the five subwaves must be zigzags (simple ABCs) or complex zigzags (WXYs). We are currently observing a mix of these, which is normal in diagonals:
* Subwave (1): ABC. Observed as a long wave A and short wave C. This can be debated, but longer wave As compared to wave Cs are not uncommon.
* Subwave (2): WXY. A WXYXZ could fit as well like we observed in our previous post, but that deviates significantly from the traditional structure. A WXY is the next best alternative, and even that can be subjective as we typically observe simple ZigZags (ABCs) within diagonals.
* Subwave (3): Currently being created. With the available data, it could be an ABC, though it may become more complex going forward.
* Subwave (4) / (5) : To be determined. Must belong to the zigzag family.
As we are still working on subwave (3) within the ending diagonal, the interest level for a pullback remains the same as in our previous idea, THAT IS THE KEY. This significant pullback could validate this idea, so we will monitor it up to that point.
This larger picture presents a wide range between subwaves 4 and 5, similar to waves 1 and 2.
Once subwaves 4 and 5 are created, it will technically terminate the larger degree wave 5 of the entire 5-wave impulse cycle. After termination, a significant downside correction is possible, potentially reaching levels as low as $3,000.
Alternatively, we also have a completely different count where this cycle wave 1-2 may be already in play, and it can be achieved by using a larger flat idea that may also help with separation and further deepend subjectivity. Here is that approach:
In conclusion, while the evidence strongly suggests that Bitcoin will reach higher levels before any significant correction, it is crucial to remain adaptable as market conditions evolve. The analysis presented here offers merely a potential roadmap. No theory can predict market movements with absolute certainty. By staying informed and considering multiple scenarios, investors can better navigate the complexities of the cryptocurrency market.
I invite EVERYONE to share your thoughts and engage with this post in the comments below.
Why Interest Rates Matter for Forex TradersWhy Interest Rates Matter for Forex Traders
Delve into the intricate world of forex, where interest rates stand as towering beacons guiding currency movements and trader strategies. From the fundamentals of central bank operations to the subtle nuances of the carry trade, uncover how they shape the global financial tapestry, dictating economic outcomes and trader fortunes.
Understanding Interest Rates
An interest rate is the cost of borrowing money or the return earned from lending, expressed as a percentage. Two primary types dominate the discourse:
Central Bank Interest Rates
Set by monetary authorities like the Federal Reserve, these rates often serve as the benchmark for short-term lending between banks. For instance, the federal funds rate in the US dictates interbank loans overnight, influencing liquidity and, by extension, currency value.
Market Interest Rates
Think LIBOR (London Interbank Offered Rate) – the rate at which banks lend to each other in the international interbank market. It, influenced by supply and demand dynamics, often fluctuates daily, making it a vital metric for traders who delve into currency swaps or forward rate agreements.
In trading currency pairs, interest rates aren't mere numbers – they're indicators dictating strength, investment flows, and overall economic health.
Interest Rates as Market Drivers
In forex, interest rates emerge as crucial influencers. Acting as catalysts, they shape currency values, guide investment flows, and mould strategies traders employ.
For those looking to take advantage of these forces, using a platform like FXOpen's TickTrader offers a competitive edge, ensuring traders have access to real-time data and advanced trading tools.
Decoding Interest Rates in Forex Market Trends
Interest rates wield enormous power in the global financial theatre, particularly in the dynamics of forex trading. One of the clearest relationships observed is between high interest rates and currencies. Elevated rates act as a magnet for foreign capital since investors constantly scout for better returns. This inflow requires the purchase of the country's currency, leading to its appreciation.
Carry Trade and Interest Dynamics
One such tactic to capitalise on rate disparities is the carry trade. Traders borrow funds in a currency with low rates and invest it in a currency yielding higher returns. The difference or the "carry" becomes their profit. The symbiotic relationship between interest rates and forex is deeply evident here. A sound grasp of the nuances of this strategy can lead to lucrative opportunities for seasoned traders.
Interest Differentials: The Subtle Nuances
Even minor variations in rates across nations can offer significant opportunities. These differentials between currency pairs influence their relative strengths. For instance, if Country A starts offering higher interest rates than Country B, it could lead to an appreciation of Country A's currency, interest rates playing the central role. Savvy traders continually analyse these differentials, strategising their trades to capitalise on the anticipated market movements.
Central Banks and Monetary Policy
Central banks hold a significant position in steering a nation's economic direction. One of their critical levers is the setting of interest rates. They directly impact the money supply and, subsequently, inflation levels.
When inflation surges beyond targeted levels, central banks may raise rates to rein it in, as this will typically reduce consumer borrowing and spending. Conversely, when economies face downturns, they might reduce them, promoting borrowing and investment and aiming to boost economic activity. Thus, the delicate balance between inflation rates and interest rates is a testament to the central authorities’ pivotal role in economic stability.
Monetary Policy Tools: Shaping the Financial Landscape
Central banks use a variety of tools to implement their monetary policies:
Open Market Operations
By buying or selling government securities, these banks control the money circulating in the economy. Selling securities pulls money out of the market, leading to higher interest rates. Conversely, purchasing them injects money, pushing rates down.
Reserve Requirements
By altering the amount of money banks need to hold in reserve, central banks can influence the amount available for loans. A higher reserve means fewer loans, resulting in higher rates and vice versa.
Forward Guidance and Quantitative Easing
These are more nuanced tools. Forward guidance involves bank governors communicating their future plans, providing the market with a sense of direction. Quantitative easing, on the other hand, involves large-scale asset purchases to increase money supply and lower interest rates.
Economic Indicators and Their Correlation with Interest Rates
Economic indicators provide valuable insights into a country's financial health, and their fluctuations often influence monetary policy decisions. For instance, when inflation surpasses target levels, central banks might consider hiking them to temper the rising prices, leading to an interplay between foreign exchange and interest rates.
A strong GDP growth signals a thriving economy, which might attract foreign investments. These inflows usually put upward pressure on the domestic currency. However, if the bank responds by raising rates, this may further amplify its strength. Thus, the effect of increasing interest rates on currency is often profound, making it a focal point for forex traders.
Similarly, employment metrics, consumer sentiment, and manufacturing output are all vital indicators that economists monitor. Changes in these metrics might hint at upcoming monetary policy adjustments.
Lastly, there are foreign currency loans and interest rates. When global rates are low, corporations might engage in foreign currency loans, seeking cheaper financing options. However, shifts in these rates can impact the cost of servicing these loans, leading to potential forex market volatility.
The Bottom Line
The dance between forex and interest rates is both complex and fascinating. As we've seen, interest rate trading offers profound insights and opportunities for those in the foreign exchange arena. For those eager to navigate these waters and capitalise on the intricate interplay of rates and currencies, opening an FXOpen account can be the gateway to informed, strategic trading in this dynamic market.
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.
Bitcoin vs Gold Cup & HandleBitcoin weekly chart vs gold monthly chart, cup and handle edition. Gold broke out of it's handle this year, waiting to see if Bitcoin does the same as the fundamentals continue to strengthen.
As of the Bitcoin Conference this past week we now have legislation announced that would create a strategic Bitcoin reserve here in the US, and Trump and Kennedy vowing to hold Bitcoin as a reserve asset if elected and end the current government policy of selling seized Bitcoin. Harris is also switching to pro-crypto after the Biden administration has been actively anti-crypto during this term.
Keep buying Bitcoin.
Lululemon's Drop Has Me Completely SurprisedI’m still in awe at the drop happening across fashion stocks like NASDAQ:LULU , NYSE:NKE , and even Under Armour.
The other week, I wrote about Nike and now I realize I must comment on the drop of Lululemon, which is down 50% this year and now has its lowest PE ratio in over decade all while doing about $1 billion in Free Cash Flow last holiday season.
So what’s going on?
First, let’s look at their declines since the start of the year: Nike is down 33% year-to-date, Lululemon has plunged 51%, and Under Armour has dropped 21%.
I did some research into why this might be happening, as earnings and margins are being challenged, and found the following three reasons:
1. The athletic fashion market has become fiercely competitive, maybe more than ever, with new brands entering the fray and established brands expanding their offerings. Companies like Athleta, Fabletics, and various direct-to-consumer startups are aggressively targeting the same market segments that giants like Nike and Lululemon dominate.
2. New shopping mechanics on Instagram and Amazon has dramatically altered the retail landscape. Instagram's shopping features and Amazon's expansive marketplace have changed how consumers discover and purchase athletic apparel. Brands now need to invest heavily in digital marketing and influencer partnerships to stay relevant. This shift has favored agile, digitally native brands that can quickly adapt to new trends and customer behaviors. This is a big deal.
3. Wall Street's relentless focus on short-term performance has placed additional strain on these companies. Investors demand constant growth, often pushing companies to prioritize immediate gains over long-term stability. This pressure can lead to cost-cutting measures that impact product quality and innovation. For instance, there are concerns that Nike may have compromised on quality control to meet earnings expectations, resulting in dissatisfied customers and negative reviews.
While I don’t have a position on in any of these stocks, I am absolutely watching Nike and Lululemon. At these levels, and if they continue to drop, I believe a trade will open up. I’ll share more details soon about this!
Lululemon is on my watchlist!
META History repeating Double Bottom leading to $800.Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023.
That day's Low started the 2nd Bullish Leg of the Channel Up that peaked on April 08 2024 after a +95.14% rise. This is the exact same % rise as the Feb 24 2023 - July 28 2023 Bullish Leg, which was the 1st of the Channel Up.
As a result, this is technically the most optimal buy opportunity on a long-term basis for META, with a technical Target at $800.00 (+95.14% as the previous 2 Bullish Legs).
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The TradingView Show: Charting Big Rotations with TradeStationOur discussion will dive into the breakout charts of small caps, the ongoing chatter about interest rates, and the shift among Fed members towards a dovish stance. We'll also examine the implications of the slowing AI stock boom and the increasing participation of stocks in catching a bid in the broader market.
The TradeStation team actively shares their daily insights and research on TradingView, providing a rich platform for interactive learning. Their repository includes powerful trading scripts designed to equip traders with effective tools for market analysis and execution.
Understanding these market dynamics is crucial, especially during seasonal shifts like those often observed in summer, where distinct patterns in market behaviors, such as those seen in the S&P 500, emerge. Charting and research play pivotal roles in navigating these fluctuations, offering insights into potential opportunities and risks. By leveraging these tools, traders can make informed decisions aligned with evolving market conditions, enhancing their ability to thrive in dynamic trading environments.
Explore all TradeStation ideas on TradingView here: www.tradingview.com
As you follow the discussion, feel free to ask questions in the comments, share your feedback, and chart alongside us by typing the respective symbol into the symbol search.
The TradingView Show takes place monthly, spotlighting TradingView community members and focusing on educational and informational content. Join us to expand your knowledge and insights into equities, AI, crypto, gold, forex, and more.
Compliance and disclaimers:
Important information: www.tradestation.com
Disclosure options: www.theocc.com
ETF prospectus page: www.tradestation.com
Exploring Trading Basics: Expert Tips for New TradersWelcome to the thrilling world of trading, future market experts! If you’re stepping into this arena for the first time, it’s natural to feel both excited and a little overwhelmed. No worries — we’ve set up this nice value-packed TradingView Idea to make you feel at home. Read on for practical tips that will help you kick off your trading journey to a strong start. Ready, set, go? Let’s roll!
1. Get Yourself Familiarized
Action Step : Your first step as a fresh trader is to familiarize yourself with the market fundamentals. Start by getting a solid grasp of basic market concepts. Learn about different asset classes like stocks , forex , or crypto .
Understand how they work and what news or events influence prices across the board (spoiler: if you’re looking at the bigger picture and keep it high level, there aren’t too many things to consider — check the Economic Calendar Related Idea below). Spend an hour or two each week reading about market fundamentals. Knowledge of these basics will make you more confident in your trading approach and also help you see where you feel most comfortable putting your money. And don't forget about the trading psychology part .
2. Set Clear, Achievable Goals
Action Step : Write down your trading goals and stick them somewhere you can see them. Aim for specific, measurable targets like “Hit a 2% monthly return” or “Learn a new trading strategy weekly.” This keeps your efforts focused and on track.
But don’t stop there. Keep revisiting, updating, and refining your trading goals. Think of them as your compass or map that you need to follow in order to get where you want. In contrast, not having a goal or goals might throw you out in the open where you wander without a clear path or direction.
3. Stick to Your Budget
Action Step: Decide on your total trading capital and how much you’re willing to risk per trade. Use the 1-2% rule: never risk more than 1% or 2% of your total capital on a single trade. This will help you protect your account from total wipeout.
It’s easy to get swayed by some massive move in the market (yes, we know about Bitcoin BTC/USD ), but catching these waves is rarely an easy game. The better you are at sticking to a healthy level of risk exposure, the better your chances to stay in the game for as long as possible.
4. Stay Updated with Market News
Action Step : Dedicate 15 minutes each morning to checking financial news. Keeping tabs on major economic reports and events will give you an understanding of what investors regard as important so you can add it to your agenda too.
We’ve set up a nice and easygoing Top stories news stream that serves you only top-tier market-moving scoops, published daily and updated in real time. Make sure to frequent them so you can raise your level of knowing what’s happening in the markets.
5. Keep a Trading Journal
Action Step : For every trade, jot down the details in a journal. Include entry and exit points, your reasons for the trade, and the outcome. Review your journal weekly to identify patterns and areas for improvement.
If you want to get an even more precise look at your trading performance, add more columns to it and include prospect trades, or a watchlist of positions you’re interested in. Mark your monthly performance, year-to-date returns, and even how much you paid in commissions.
6. Start Small and Scale Up
Action Step : Begin with small trades to minimize risk while you’re learning. For example, if you have $1,000, start with trades of $50-$100 and keep your stop tight around the 2% mark. That way, you’ll gain experience and see how you feel when you have an open trade.
Leave a trade overnight, watch it actively or let it run for a few days (provided you use a stop loss , more on it in the Stop Loss Related Idea below) — all these will help you ease into smoother trading and build better confidence. After that, you can gradually increase your trade size for bigger profits. And — most importantly — don’t rush it. The markets will be there tomorrow; but will you?
7. Use Stop-Loss Orders
Action Step : Always set a stop-loss order when placing a trade. For instance, if you buy a stock at $100, set a stop-loss at $95. This means your position will be automatically sold if the price drops to $95, limiting your loss to $5 per share.
The use of stop-loss orders, or simply stop losses, can’t be emphasized enough. No matter how confident you are on a trade, how much conviction you have to go big, always think of the downside, or how much you’re willing to lose.
8. Join a Trading Community
Action Step : If you’re reading this, then you’ve already nailed this step. TradingView is the world’s largest finance, markets, and charting platform, boasting more than 60 million monthly visitors — one big, big community .
This is the place where traders share tips and strategies, show off their charts, discoveries, patterns, price targets, and trading ideas. So, stick around, engage, ask questions, and learn from the experiences of others.
9. Diversify Your Portfolio
Action Step : Spread your investments across different sectors and asset classes. Don’t just buy big tech stocks ; consider some auto companies as well or the volatile corner of cryptocurrencies.
Diversifying your portfolio (learn about it in the Diversification Related Idea below) will help you balance your risk, ideally without reducing the potential for returns. You don’t have to go all-in on a trade and YOLO your entire life savings into a Solana meme coin. Think of the long term and tread carefully. Sometimes, you’re as good as your last trade.
10. Continuously Improve Your Skills
Action Step : Dedicate time each week to learning something new about trading. Watch educational videos , read books, or dive into financial podcasts where big market events get broken down or where traders and investors share their experience and what made them successful.
The markets renew each day, never resting, never ceasing to oscillate and presenting new trading opportunities. Always learn, never get complacent, and keep striving for more!
Share Your Thoughts!
So there you have it, folks! With these practical, actionable tips, you’re ready to jump into the trading game with some added confidence. Remember, every pro was once a newbie. Stay cool, stay informed, and most importantly, have fun with it (but also be smart). Happy trading! 🚀📈
Ethereum ETFs Pump Out $1B in Trading Volume. But When Record?The novel asset class debuted for trading on Wall Street with about a billion dollars worth of trades. But Ether’s price didn’t move an inch. In fact, it dropped, confusing traders who were expecting a more impressive performance by the megacap token. What happened?
Ether ETFs Make a Splash on Wall Street
Ethereum ( ETH/USD ), the second-largest cryptocurrency after Bitcoin ( BTC/USD ), made its debut as an exchange-traded product this week. A total of nine spot Ethereum exchange-traded funds (ETFs) landed for their first deals on Tuesday. Packaged by eight different issuers, these new investment vehicles generated a buzz with $1 billion in volume traded, or the entire value exchanged between back-and-forth trades.
The cool thing about this milestone event is that ordinary consumers and professional money managers can get their hands on a Bitcoin alternative — these ETFs hold genuine Ethereum. And while buyers can’t get custody over the digital asset itself (that’s for the issuers to handle), they can buy shares of the ETFs and get the same volatility and price exposure as if they were holding the actual product.
And that’s where the value proposition kicks in — buyers don’t need to be tech-savvy, get a cold wallet and silently mumble a 24-word seed phrase every time they access the blockchain. They can log into their brokerage account and snap up some spot ETH ETF shares.
A Price Show Similar to Bitcoin’s Pump
Markets saw that same narrative play out picture-perfect with the launch of 11 spot Bitcoin ETFs . Back in January, the Securities and Exchange Commission gave its nod to the long-awaited crypto products and shortly after, the orange token blasted off to a record high of more than $73,000 per coin.
It must be said that the all-time high didn’t arrive immediately . But there was a solid build-up in the days and weeks before the official rollout. A price increase of a formidable size .
Analysts had expected a similar scenario to unfold for Ethereum. Only that, there wasn’t a powerful pump in the price — not before, not immediately after the launch of the ETFs. Why was that?
Why Ether Can’t Walk in Bitcoin’s Footsteps
Some big differences can be spotted. The spot Bitcoin ETFs exchanged about $4.6 billion in trading volume on day one, or about five times more than what Ethereum achieved. The second most valuable token pulled in about $107 million of net inflows — the money that stayed in teh funds after the money that had left — on its first day as an ETF product.
Moreover, Ethereum is far less popular as a store of wealth and an investment asset. It’s the place where DeFi dApps and NFTs run on smart contracts (excuse the jargon, but it’s a good way to make a point).
Ethereum doesn’t have the big digital currency/digital gold/payment method aura like Bitcoin. Instead, it operates as a platform where geeks program immutable contracts that lay out the infrastructure of the next internet era — Web 3. To illustrate, think of Bitcoin as crypto’s gold ( XAU/USD ), while Ethereum could be likened to Nvidia (ticker: NVDA ) (in its early days, though) — the technology player that paves the way to the next big thing.
Bullish Narrative Remains Intact
This said, the big guys on Wall Street are nonetheless bullish. The asset managers that launched these new ETF products, including Fidelity, Grayscale, and BlackRock, are lowering the entry barrier to Ethereum as a technology alternative to Bitcoin’s speculative cred.
Against this backdrop, the price of Ethereum stayed flat and even dipped a little. The token was hugging the flatline around $3,460 per token and was down about 1% a day after the big launch. Still, Ethereum is up about 50% on the year, exactly the same pace as the rise of Bitcoin for the same time span.
More importantly, the door was cracked a little more open for another spot crypto product that wanted to rub shoulders with traditional assets, such as bonds, stocks and currencies.
What’s Your Prediction?
Is Ethereum going to repeat the success of Bitcoin now that it has ETFs to shake up the price? Let us know in the comments!
GOLD to find sellers at market price?Gold - 24h expiry
Posted a Double Top formation.
Short term bias has turned negative.
5 negative daily performances in succession.
20 4hour EMA is at 2411.5.
We look for a temporary move higher.
We look to Sell at 2411.5 (stop at 2427.5)
Our profit targets will be 2371.5 and 2361.5
Resistance: 2404.0 / 2412.2 / 2420.0
Support: 2383.9 / 2370.0 / 2350.0
Risk Disclaimer
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Divergence: RSI vs. PriceHey everyone!
In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE!
Today, I took some time to put together an Educational Video on:
1) What a Divergence Is?
2) How to Spot them!
&
3) How to Trade them!
I hope you find this helpful!
**Tips
- Divergence is never good enough to trade alone, YOU NEED CONFIRMATION!
- The longer the Divergence takes, the more reliable it is
- Change in Momentum is KEY!
Walk Through WallsBitcoin no longer has any interesting or meaningful proposition beyond its public rhetoric. It is a paper tiger. In the coming years, it will see immense success as it is adopted by various funds and political narratives. However, its ecosystem's development has lagged so severely that it cannot ever hope to catch up to competing networks. Since 2015, the sole purpose of Bitcoin has been to maximise short-term mining revenues. Its holders are secondary to this supply chain and have been tricked into parroting the ideas that uphold the control of this vampire class. This is something I will be writing in depth on in the future.
Ethereum has successfully executed scaling, superior UX, utility, and shedding the mining class. The dream that L1s would be institutional chains is actively being realized. Dapps will slowly replace traditional financial infrastructure over the coming years. The efficiency and velocity increase of bringing all capital on-chain will have resounding effects on the global economy. With today's ETF, buying a stake in this system will be easier than ever - no ASIC infrastructure needed.
This does not mean Ethereum is itself immune to disruption. Its moats are reliability (uptime) and quality of ecosystem, both traits that would take a decade or more to be overcome. The world computer has been the home of hungry innovators and on-chain culture, and it will soon be the nexus of all human capital. It must remain adaptable while still holding the eye of its original contributors.
My target for Bitcoin is $250,000. I expect Ethereum to dramatically outperform this in the same timeframe - in a sentence, because it is controlled by the incentives of its owners, and not an external power structure. Many Bitcoiners are complacent that their investment never needs to be re-evaluated, because it is a 'perfect asset' with a fixed supply. This creates walls within their framework that are not really there; if a system is failing you and you cannot see why, you should try knocking into things and find what falls over.
Timing when day trading can be everythingTiming when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney, Tokyo, London and New York sessions
Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open
There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports . When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds
Cryptocurrency market s on the other hand remain open 24/7, even during public holidays
Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend.
Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself
One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next
In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction
The Bottom Line
The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order)
The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep
You are kindly invited to check the script that helps to identify market peak hours : Day Trading Booster .
