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Editorspick

EURNZD ____ UNDERSTANDING ORDER BLOCKSHello Trader, Here we have EURNZD which showed bullish strength last week and rallied into a daily order block. This daily order block is meant to cause a reaction in price i.e a reversal or retracement. What are order blocks you may ask: Order blocks in forex are price levels where institutions attempt to buy or sell a foreign exchange pair without potentially having too much of an impact on the pair's price. Once the price enters an order block, It mitigates the orders that were initially placed there and would trigger a bullish or bearish move in price depending on where the price is coming from. Order blocks found on the daily timeframe (as marked on my chart), weekly and monthly timeframes are usually really strong and can cause a reaction in price. As you can see, the price created multiple buy-side liquidity just around the order block to induce early sellers, then liquidated their positions. It has gone deeper into the order block and has changed the structure on the 1-hour timeframe from bullish to bearish as expected. From here, I expect the price to retrace not reverse as higher timeframes such as the weekly and monthly suggest higher prices to come. Follow for more analysis. Cheers, David
Short
by jabariofafrica
1
EURAUD ____ INCOMING SHORT TRADEHello Guys, EURAUD traded into a monthly order block, which caused a sell-off in price. Price is likely to continue this sell-off as the structure remains bearish which is understandable because the monthly order block this pair traded into is a strong one. Right now, I expect the price to retrace into the weekly order block for me to take a short. This will be validated if I see a CHOCH in the 1Hour timeframe. Also, as I am expecting a retracement in EURAUD, I am looking to enter a long trade on EURUSD. Follow for more trade analysis. See my analysis on EURUSD below. Cheers, David
Short
by jabariofafrica
CHFJPY ____ INCOMING BEARISH MOVEHello Guys, We have on our hands a sweet sell opportunity to capitalize on. CHFJPY recently reached an expected high which price is meant to ease the bullish rally. What we can see on the daily is a manipulation of buyers to go long then the sellers jumped in. Now I am expecting the price to continue the short selling after entering into the daily order block which should give price momentum to create another bearish leg. Once the price gets into the daily order block again, I will be looking for CHOCH to go short to my TP. Follow me for more trade analysis. Cheers, David
Short
by jabariofafrica
US DOLLAR INDEX ____ WHY YOU SHOULD PAY ATTENTIONHey Traders, Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index. My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar. As the price has entered a weekly order block, I expect it to help force the retracement from the bullish rally. Based on this view, I will be posting a few pairs on my radar to trade accordingly. Follow for more. Cheers, David
FX:USDOLLARShort
by jabariofafrica
XAGUSD (SILVER) ____ TIME TO GO BULLISHHello Guys, Last week, this pair was strongly bearish as speculated (see my analysis below). The bearish leg ended up in a daily demand FVG and as we can see, it reacted strongly. Also marked on the chart are the multiple buy-side liquidity I expect the price to hunt. In addition to this, I had posted my analysis on the dollar index which I expect a short-term bearish movement in the dollar after which the bullish run will continue long term. Follow me for more. See below my previous XAGUSD (Silver) and US Dollar Index analysis. Previous XAGUSD analysis Current Dollar Index analysis Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica
USDJPY ____ INCOMING BEARISH MOVEHello Traders, USDJPY rallied last week into a weekly bearish order block and I expect it cause a retracement in the bullish rally. As you can see on my chart, I have marked out the sell-side liquidity that I expect price to go and hunt. Also, the dollar index is showing that there is likely to be a short-term bearish move in the dollar which is meant to impact USDJPY. Follow me for more analysis. Dollar Index Analysis XAGUSD analysis Cheers, David
Short
by jabariofafrica
4
AUDUSD ____ ENOUGH MANIPULATION, LET'S RALLYHello Traders, This week has been a roller coaster for some people and I'd count myself as one. But truth be told, it has also been a fun one too. If you recall, I had speculated that the dollar was to go bearish this week which would be that the likes of AUDUSD would go bullish. However, the dollar did some crazy manipulations which you will see clearly if you look at the dollar index. This manipulation also aided AUDUSD to head into a daily order block. As I had explained in my analysis of the dollar index, I expect a short-term bearish move initially and a long-term bullish move. This simply means that AUDUSD should rally... I suspect the manipulations are over and price is ready for this move. Follow me for more eye-opening analysis Here is my analysis on the dollar index Cheers, David
Long
by jabariofafrica
Litecoin Halving Soon,what's Next?#LTC UPDATE LTC is creating a symmetrical triangle pattern in this daily time frame (basic about symmetrical triangle pattern) A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS #Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. #The breakout or breakdown targets for a symmetrical triangle are equal to the distance between the initial high and low applied to the breakout or breakdown point. #Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. The upper trendline is acting as resistance right now, and if it doesn't break out of this pattern, we may see a retest of the lower level of this pattern, which is also the golden level of fid retreatment. After the breakout of this pattern, we can anticipate a very strong bounce. LTC is encountering resistance at $102 but market sentiment indicates a breakthrough is on the horizon. The best exit place for short-term investors would be in the $130–$140 region if this barrier is broken, at which point LTC might start a bullish run. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4
LESSON 1: TRADE THE LIQUIDITY OR BE THE LIQUIDITYWhat is Liquidity in Forex Trading? Liquidity is the presence of orders at specific prices in the market, ensuring that transactions can take place without disruptions. When traders talk about liquidity, they are usually referring to the resting orders in the market. These orders can be absorbed or targeted by banks and financial institutions (BFIs) to influence the patterns of price movement. Liquidity can be found throughout the market, although certain areas may have higher levels than others. The good news is that it is indeed possible to learn how to identify and recognize liquidity patterns. Liquidity comprises a variety of orders that gather in the market, including limit orders, stop loss orders, and stop limit orders. These orders come into play when prices reach specific levels of supply or demand in the market. Understanding liquidity is essential in comprehending how prices move. Why do you need to understand Liquidity? Liquidity is crucial for predicting price movements. Analyzing liquidity, along with market structure, supply and demand, and order flow, provides insights into potential price directions. It's important to consider liquidity alongside trend analysis and supply and demand to understand market conditions effectively. Highly liquid markets can be manipulated by large banks or institutions, leading to liquidity shortages, price slippage, and poor trade execution. Recognizing liquidity pools during slow sideways price movements is key. What are the main types of Liquidity in Forex trading? 1. Buy-side liquidity (see chart for example) Buy-side liquidity refers to the accumulation of orders above a range or high, including buy-stop limits and stop losses placed by sellers and breakout traders. Banks and financial institutions (BFIs) may target these orders to fuel temporary or sustained bullish price movements. 2. Sell-side liquidity (see chart for example) Sell-side liquidity refers to the collection of orders situated below a range or low, including sell-stop limits and stop losses placed by buyers and breakout traders. Banks and financial institutions (BFIs) can target these orders to generate temporary or sustained bearish price movements. Similar to buy-side liquidity, sell-side liquidity serves a crucial role in the market dynamics. Do you have any questions? feel free to ask. Cheers, David
Education
by jabariofafrica
10
USDCHF ____ INCOMING BEARISH MOVEHi Traders, USDCHF rallied last week into a daily bearish order block and I expect it cause a retracement in the bullish rally. As you can see on my chart, I have marked out the buy-side liquidity that I expect the price to go and hunt before the sell-off begins. Also, the dollar index is showing that there is likely to be a short-term bearish move in the dollar which is meant to impact USDJPY. Follow me for more analysis. Dollar Index analysis USDJPY analysis XAGUSD analysis Cheers, David
Short
by jabariofafrica
NFP on Good Friday | What to expect?"What to expect from NFP on Good Friday? What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012. Let's take a look at what happened to the price action on these past data releases when NFP came out. EURUSD moved in 2021, 2015, and 2012. USDJPY moved in 2021, 2015, and 2012. This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore. The best decision here is to stand aside because the market is less volatile and may remain in a range for today. Let us know what do you think of the idea
by JustTradeSignals
5
BITCOIN | MAJOR TREND SHIFTBITCOIN is showing some major moves since the start of this year 2023. Is this the year of BTC where we witness new highs in making?? On daily tf, the major trend indicator 100DEMA indicates the shift in trend when #BTC breaks above it on 12th Jan. However some key levels for btc is yet to break. $25500 is the first hurdle for BTC to continue its upward journey. We need a remarkable closing with good volume above this level to consider an uptrend. If BTC successfuly manage to break above the said level then we can witness 32500$ and 37000$ very quick without major correction. Let me know in comments what do you think of the idea
Long
by TradeTrio
1
GOLD | Interesting facts about GoldOANDA:XAUUSD 1.Gold is a 'noble' metal, meaning that it does not rust or lose its shine. Other noble metals include ruthenium, rhodium, palladium, silver, osmium, iridium, platinum, mercury, rhenium and copper. 2.Gold is the only yellow metal. All other metals darken or turn a yellowish colour after they have oxidised or reacted with other chemicals. 3.Gold is one of the heaviest and densest of all metals in the Periodic Chart; a cubic foot would weigh more than half a ton. 4.Pure gold will melt at 1064.43° and boils at 2856.1°. Even at normal temperatures gold is extremely soft. One gram of gold can be flattened down to a square meter sheet, which is so thin that light passes through, and because of this it has been used as a protective film on visors in space suits 5.Odourless and tasteless, gold is not toxic - and flakes may be eaten in foods or drinks. 6.Gold is far rarer than diamonds but is only the 58th rarest earth element. 7.It is estimated about 160,000 tons of gold have been mined throughout history. 8.In 2018, China was the world leader in gold mining production. Second was Australia, Russia third, US fourth and Canada fifth. 9.The largest gold nugget is the 'Welcome Stranger' mined in Australia in 1869, weighing in at a colossal 173 pounds (that is nearly 78.5 kilos). 10.The first gold coins were produced in Lydia between 700 - 650 BC. They were made from electrum, which is a naturally occurring alloy of gold. 11.The Swiss Franc was the last remaining country to peg its currency to a value in gold. It became a fiat currency in 1999. 12.The Perth Mint in Western Australia cast the largest ever coin - weighing one tonne and measuring 80 centimetres (31.4 inches) in diameter. 13.New York’s US Federal Reserve Bank is reported to hold 25% of the world's gold reserves. 14.Gold is frequently used as a safe haven asset in times of economic turmoil or geopolitical uncertainty. 15.Gold has historically had a weak correlation to movements in the financial markets and is frequently used as a hedge against inflation.
OANDA:XAUUSDEducation
by INVESTRONE
Trading Psychology: How Does Your Mind Matter In Making Money?Hello traders, today we will talk about Trading Psychology The most famous book on trading psychology, “Tradingpsychologie” aptly remarks, ‘The greatest enemy of the trader is fear. He who is afraid loses!’. As a trader, you must have gone through emotions such as fear, greed, regret, hope, overconfidence, doubt, nervousness etc. While every trader goes through this emotional rollercoaster, a successful trader knows that it’s never a good idea to let your emotions influence your investment decisions. Not letting your emotions affect your trading decisions is the real meaning of trading psychology! In this article, we will educate you on the meaning of trading psychology. We will also reveal trading tips and tricks to mentally prepare you to trade with confidence! So, let’s begin! What is Trading Psychology? Trading psychology or investor psychology refers to the trader’s emotional and mental state which dictates their trading actions. Some of these emotions like hope, confidence are helpful and should be embraced. But emotions like fear and greed must be contained. Another emotion that is very common in financial markets is the fear of missing out or FOMO. It is essential to understand and develop a sharp mindset along with knowledge and experience to become a successful trader. Let us take a look at the various psychological factors that affect a trader’s mindset and some pro-tips to deal with them. 1. Fear Fear is a natural reaction that we sense when something is at risk. While trading, risks could occur in many forms – Some bad news about the stocks or the market Placing a trade and realising it’s not going the way you had hoped Fear of loss of capital Traders generally overreact and tend to liquidate their holdings because of fear. A strong trading psychology is when traders do not let fear dictate their buy/sell strategy. What should you do? Every trader must first understand what they are afraid of and why? Reflect on these issues ahead of time so you can quickly identify the problem and find a solution. Your focus should be to not let the fear of loss refrain you from making profit. 2. Greed Greed enters when you desire excess profits. Rome was not built in a day and neither will your stock market fortune. If you find yourself on a winning streak, then book your profits and move on. Majority of the time, your greed will turn a winning streak into a disaster! What should you do? To combat greed, you should have a predefined profit booking level. Even before you enter a trade, define your stop-loss and book-profit levels to avoid being swayed by greed. A sound trading psychology is when you are content with your profits and do not chase irrational profits. 3. Regret Regret in trading comes in two ways. A trader could regret placing a trade that didn’t work or Regret not placing a trade that could have worked. A trading psychology based on regret can be dangerous for a trader as it may result in placing wrong trades. What should you do? The best way to avoid a regretful trading psychology is to accept that you can’t have all the opportunities in the market. The equation in the stock markets is very simple – You win some; you lose some. Once you accept this rule, your trading psychology will automatically change for the better. 4. Hope Investors often think that trading is gambling. It’s because they hope to win all the time and when they don’t, they get dejected. What should you do? To become a successful trader, you must have a solid trading psychology which is not dependent on hope. If you keep hoping for things to change in the near future, you’re putting your entire investment at risk. Don’t let hope keep you invested in a loss making trade. Be practical, and book your losses at the correct time. To attain and maintain success as a trader, you have to work hard to cultivate a mindset! Let’s see how trading psychology helps you cultivate a better mindset! How to Improve Your Trading Psychology 1. Get Yourself in the Right Mindset Before you even start your trading day, simply remind yourself that markets are never constant. You will have some good days and some bad days, but the bad days too shall pass. Another effective strategy to improve your trading psychology is to give yourself time. You are not going to make a fortune on your very first trading day. You need to spend time and efforts in creating a rock solid trading strategy which isn’t affected by the market sentiments. While you cannot completely eliminate emotions from trading, the goal is to reduce the extent of emotions controlling your trading psychology. 2. Have a Great Knowledge Base One of the best ways to improve your trading psychology is to increase your knowledge and trading skills. Having a strong knowledge base of the stock market is key to defeating negative trading psychology. Remember, knowledge is power! 3. Remind yourself that you are Trading in Real Money When you’re trading online, it’s easy to forget that the numbers on your screen actually represent real money. There’s nothing wrong in risking your money in hopes of generating returns. But remember to be cautious and make smarter investment decisions. 4. Observe the Habits of Successful Traders Stock market is unique because it treats each trader differently. When it comes to trading, you should be aware of what your peers are doing, not to copy them but to learn from them. By observing the positive characteristics of successful traders and inculcating few habits or strategies into your own trading, you can improve your trading strategies manyfolds. 5. Practice! Practice! Practice! Last but not the least, practice is the best and most reliable way to gain mental strength. It helps you improve your trading psychology over time as you build well practised trading strategies and are well prepared for any ups or downs. Final Thoughts Understanding trading psychology and implementing it is a time consuming process. You have to continuously refine your trading psychology over long time periods. To sum up, remember these three golden principles of trading psychology Be disciplined Be flexible Never stop learning I would also love to know your charts and views in the comment section. Thank you
Editors' picks
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
28
GOLD : How to trade with Rsi IndicatorOANDA:XAUUSD What Does RSI Mean? The relative strength index (RSI) measures the price momentum of a stock or other security. The basic idea behind the RSI is to measure how quickly traders are bidding the price of the security up or down. The RSI plots this result on a scale of 0 to 100. Readings below 30 generally indicate that the stock is oversold, while readings above 70 indicate that it is overbought. Traders will often place this RSI chart below the price chart for the security, so they can compare its recent momentum against its market price. How do you trade effectively with RSI? The common levels to pay attention to when trading with the RSI are 70 and 30. An RSI of over 70 is considered overbought. When it below 30 it is considered oversold. Trading based on RSI indicators is often the starting point when considering a trade, and many traders place alerts at the 70 and 30 marks. KEY TAKEAWAYS The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. The RSI line crossing below the overbought line or above oversold line is often seen by traders as a signal to buy or sell. The RSI works best in trading ranges rather than trending markets.
OANDA:XAUUSDEducation
by INVESTRONE
GOLD : Whales Impact In trading MarketOANDA:XAUUSD A whale is any individual or company who has enough money and power To directly influence the price of a cryptocurrency or stock, usually in a negative way. Think of a whale and their large mass. Whales use artistically created buy walls and sell walls to manipulate traders by changing current market sentiment. Traders should be aware of large buy walls and sell walls that appear quickly. They could be part of a whale's manipulation strategy. How do you spot a whale trade? There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges. Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often.
OANDA:XAUUSDEducation
by INVESTRONE
GOLD : Benefits of Investing in GoldOANDA:XAUUSD Gold has been an inconsistent inflation hedge, but there may still be benefits to holding a small amount of the yellow metal in your portfolio. Gold has historically had a low or even negative correlation to both stocks and bonds, suggesting it offers value as a tool of diversification. Gold prices held up pretty well during the Covid-19 pandemic market sell-off in early 2020, for example. From Feb. 1 to April 1 in 2020, the S&P 500 declined 23% while the price of gold dropped less than 0.1%. Demand for gold from investors, central banks, jewelers and tech companies is also growing. According to the World Gold Council, global gold demand increased 12% year over year to 2.189 tons in the first half of 2022. Depending on your individual goals, there are several easy ways to invest in gold. Investors can buy gold bullion, physical bars or coins that can be kept in a safe or bank. You can also buy physical gold exchange-traded funds (ETFs) that hold gold bullion on investors’ behalf. The most popular gold ETF is SPDR Gold Shares (GLD). Investors looking to speculate in the gold market can trade gold futures contracts. These contracts provide significant leverage, allowing investors to control large quantities of gold with a relatively small amount of money. Finally, investors can buy shares of individual gold stocks or a gold mining ETF. The VanEck Gold Miners ETF (GDX) holds a diversified basket of 54 gold-related stocks, including Newmont Corp. (NEM), Barrick Gold Corp. (GOLD) and Franco-Nevada Corp. (FNV). Conclusion : GOLD IS SAFE HEAVEN TO INVEST IN IT .
OANDA:XAUUSDEducation
by INVESTRONE
1