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Target Reached! EURAUD ReviewPrice bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Education
by FXCM
The three magic weapons of successful investmentWhen it comes to investing, many individuals who are not actively investing tend to ponder over what lucrative projects are available when seeing others making profits. However, once they start investing, they all hold a belief that they will profit, which can lead to a problematic attitude when facing losses that differ from their original expectations. Investing is a business, and just like any business, there are winners and losers. Personal mindset, attitude, and perspective play a significant role in one's ability to succeed in any venture, including financial markets. In essence, those who possess these traits are more likely to emerge as winners. First and foremost, having a clear direction is fundamental. It is crucial to understand the following three phrases: 1.Your responsibility lies in your chosen direction. 2.Your experience serves as your capital. 3.Your character ultimately determines your destiny. II. The Key is in the Selection The key to successful investing lies in choosing the right person, investing in the right projects, and acquiring the right skills. Some people may claim that they do not understand the investment process, and may express concerns about potential risks and losses. However, it is important to understand that similar to managing stock portfolios, managing life involves minimizing losses and risks, while maximizing returns. Spot trading investments function in a similar manner, where risk and benefit coexist, and controlling the risk factor is critical. Investing is a process of personal growth, a way of life, a pleasurable experience, an active approach to managing life, and a positive lifestyle habit. The success of an individual's investment strategy depends on the people around them. III. Belief is the Starting Point, Learning is the Process, and Persistence is the Destination Once a decision has been made, it is important to have faith in one's ability to choose the right investments and make sound judgments. Confidence is key, as it enables one to establish goals and a clear direction. Self-assurance is essential as success begins with one's own belief in themselves. In addition to confidence, continuous learning is crucial. Growth comes from a constant willingness to learn and to embrace new ideas with an open mind. Lastly, persistence is essential for success. The path to success is never easy, and it is filled with challenges and setbacks. One must persevere and continue to push through obstacles to achieve their goals. Success comes from consistent hard work and determination. Investors who have been paying attention to the crude oil market recently have likely noticed that despite positive EIA data, prices have sharply dropped within seconds. Many investors have become confused and uncertain, and some even fear the market. In response to these situations, I would like to emphasize several principles for trading: 1.Greed: Often, it is not that a trade is not profitable, but that investors want to make even more money before exiting, which causes profitable trades to instantly become losing trades. 2.Gambling: Before important data is released, I often advise investors to close all positions and wait for the data to be released before entering again. However, many investors still try to gamble on the data and enter positions early, resulting in instant margin calls and irrecoverable losses. 3.Fear: Many investors who have suffered significant losses on other platforms express fear and hesitation to trade. However, it is important to never be afraid of the market, and to seek help from professionals to turn losses into gains. 4.Integrity: Some investors seek my help to experience "calls," and I usually provide a few free calls to help them recover losses. Honest investors who have experienced my accurate calls will promptly switch to my platform to trade and earn steady profits. However, there are also some dishonest investors who only seek short-term gains and will ignore me once they make money, only to come back when they suffer losses. I will not comment further on such investors and leave it to them to measure their own character. In this market, the most fair thing is the market itself. All investors face the same market conditions. However, faced with the same market conditions, investors will inevitably make different choices. When the market comes in waves like splashing waves, some people face the opportunities, prepare well, face them head-on, and make a profit; others are afraid and unprepared, and are caught off guard by the market. The market is fair to everyone, it just depends on how you face it. If you are the former, I can help you achieve even greater success; if you are the latter, I can lend you a helping hand.
BITSTAMP:BTCUSDEducation
by Navigation-h
How To Trade a P-Shaped Volume Profile (EUR/AUD Analysis)Hello guys, in today’s day trading analysis I would like to show you how to trade the P – shaped profile on a nice example that has formed on EUR/AUD. Price Action Analysis If you look at the EUR/AUD (60 Minute chart) then you can see, that last week the price went down, then up, and then there was a rotation. This tells us that the price tested the lower prices, but Buyers pushed the price upwards again – back into a rotation which is considered a current “Fair Value” area. Fair Value – that’s where most of the trading takes place. Market participants consider the price to be fair there. At least for now. Volume Profile Analysis If you look at the Weekly Volume Profile, then you can see that it is the thickest at the place where the rotation (Fair Value) was. This makes sense, because most trading took place there. But, there is one more important place in the P – shaped profile . It is the little “bump” in the lower part of it. This little “bump” is called a “Volume Cluster“. In this case, it points to a place where strong Buyers placed their aggressive ( Market Orders ) to turn the price upwards again. Back into the “Fair Value” area. Even though this Volume Cluster can’t match the volumes traded in the Fair Value area, it is really significant. The reason is that it points to a place where strong and aggressive Buyers were active. When the price comes back into this area, then it is likely that those Buyers will become active again and that they will want to push the price upwards again. This is why this Volume Cluster represents a Support (around 1.5494). When the price makes it there at some point in the future, then I expect there will be a reaction to it. How To Trade The P-Shaped Profile The way to trade this would be to hold the Long trade from 1.5494 until it reaches the Fair Value area again. Ideally its Point Of Control (POC) . In this case it’s at 1.5574. This is a long way, right? So, what I prefer instead is to split the trade in two halves. Bank the first profit soon (30 pips max). And then secure your position by moving SL and trail the 2nd half towards the POC. I hope you guys liked today’s analysis! Let me know what you think in the comments below! Happy trading, -Dale
Education
by Trader_Dale
2
EUR/AUD Buy Trade Education ReviewHere I'd just like to go over a great buy position on EUR/AUD. We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels. Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764 level coincides with our descending trendline and adds confluence to the buy position. Never trade off fibonacci levels alone, but as confluence and to help you manage trades they are absolutely fine. We can see our sensible target is the previous 1hr swing high.
Education
by Jal121
EURAUD 15M UNIDIRECTIONAL TRADING STRATEGYUnidirectional Trade Strategy STEP 1 - The first step to start trading is to choose the right market to trade and the best time of the day to trade. You chose a market and you stick with it until you master it. For the purpose of his unidirectional trade strategy review, we’re going to stick with trading FOREX. Moving forward, we’re going to lay down some rules to trade only in one direction. STEP 2 - Only Buy if We Trade Above the Opening Price We’re not going to predict which way to trade, but instead, we’re going to go along with the intraday momentum strategy. What we mean by this is simple: If the market price trades above the opening price of the new trading day, it’s an indication that the buyers are in control, so we want to go along with the flow of the market. The other alternative is to try to guess the market, which is a lot harder. Note* conversely, if the price is below the opening price we only trade on the short side. Since we’re trading within the forex market, we want to focus only on the major trading session like the forex London market and the New York sessions. Step 3 - Buy at the First Green Candle that closes above the Opening price of the New Trading Day. We need to clarify some rules: If during the first hours of trading the market has spent most of its time above the opening price our bias for that day is up, and we only look to buy. Conversely, if during the first hours of trading the market has spent most of its time below the opening price our bias for that day is bearish and we only look to sell. When the next major trading session opens (i.e. The London session) we look for the first bullish candle that closes above the opening price to trigger our entry: You can actually buy each time you see the price retesting and getting rejected from the opening price. We’re going to use the same rules and buy at the first bullish candle that closes above the daily opening price. Now, you may be asking yourself: “What if the market is already above the opening price?” “How do we enter?” Buy after each two consecutive bullish candles. Or, if you have a big bullish candle with its trading range bigger than the surrounding candles, you can go ahead and buy. Step 4 - You determine your own Take Profit levels or Take Profit Equals 2 times ATR We are going to use the average true range (ATR) indicator which measures the price volatility. This will give us a more efficient way to pinpoint the dynamic exit price level. As our profit target, we’re going to use the 14-period ATR applied to the 15-minute chart and multiply that by 2. For example, if the ATR is 5 pips our take profit will be 2 x ATR, which is 10 pips. Here are some of the advantages that come with trading only in one direction: Trading along with the momentum. A big profit potential on strong trading days. Reduces risk and improves the risk-reward ratio. Final Words – Unidirectional Trading Strategy In summary, a unidirectional trading strategy is an easy-to-use approach that is a great way for novice traders to get their feet wet. Short-term traders are better off with our unidirectional intraday trading strategy because they can profit without predicting the market. The bottom line is that if you stay nimble and react to the current market price, you’re better than trying to forecast the market. When you’re tied to your predictions you’re blinded to what’s really going on in the market. Keep it simple and trade in one direction! Thank you for reading!
Education
by Tradingstrategyguides
2
Methods 2: Retracement Levels 1This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on FOREXCOM:EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need to find good trade entries and targets. Hope all can learn from my small mistake and look forward to sharing more! The script I wrote for to quickly identify these 50% levels are in the Link below.
Education
by norok
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders. Step 5 SL below Entry Candle Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
Education
by Tradingstrategyguides
4
EURAUD 15M 9/30 TRADING STRATEGY LONG TRADEThese are the rules for a long trade signal: 9-period EMA must be above the 30-periods WMA. The two moving averages need to be apart from each other. The first bar that closes below the 9-EMA will be used as the trigger bar for the buy setup. Place a buy limit order above the high of the trigger bar. Note* the bar that closes below the 9-EMA needs to remain above the 30-WMA for this setup to be valid. (Opposite for short trade) What is the 9/30 Trading Setup Originally, the 9/30 trading setup was developed by Mike Burns and involves using a combination of two moving averages: 9-period Exponential Moving Average (EMA) 30-periods Weighted Moving Average (WMA) In this case, the 9-EMA is our short-term moving average, while the 30-EMA is out long-term moving average. The 9 and 30 EMA trading strategy seeks to take advantage of the blank space created between the two moving averages. The filter for the 9/30 trading setup can be summarized into a three-step process. Like with many trading strategies we present, you can always use different “flavors” to get into a trade. So, you can also use chart patterns to fine-tune your entry. How to Trade with the 9/30 EMA Strategy In this section, we’re going to teach you how to effectively trade with the 9/30 EMA strategy. No matter how simple this trading strategy is, you need to have a set of trading rules before you use it. So, let’s talk about the stop loss and take profit strategy.For the stop-loss strategy, you can use the trigger bar high/low for reference. For example, if you have a buy trade signal, you hide your protective stop loss below the low of the trigger bar. Alternatively, for a more conservative approach, you can hide your protective stop loss below the 30-periods WMA. Here is a little bit of trading wisdom from hedge fund billionaire Bruce Kovner: “Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose.” Please note that the lower the time frame used the more price whipsaws you’re going to experience. As a trading trick to avoid being caught in a whipsaw trade, make sure you add an extra buffer to your stop loss. This buffer will allow your stop loss to survive during false breakouts. Moving on… It’s easy to exit these types of trades via a trailing stop loss below the 30 WMA. This exit moving average strategy has two benefits: You don’t have to guess a possible take profit level. You got to keep riding the trend until a reversal happens. When to use the 9/30 Trading Method The 9/30 trading method is a type of trend following strategy that seeks to enter the trade on pullbacks. In this regard, the best time to use the 9/30 trading strategy is when we have established a trend. The trend can be defined via the two moving averages as follows: The bullish trend is defined when the 9 EMA is above the 30 WMA The bearish trend is defined when the 9 EMA is below the 30 WMA The strength of the trend can also be measured via the space created between the two moving averages and the angle of the moving averages. The bigger the gap between the 9 EMA and 30 WMA and the steeper the angle of the 2 moving average is, the stronger the trend is. Conversely, the flatter the two moving averages are, the weaker the trend is. In and of itself the “trigger bar” used to enter our trades doesn’t give us a trading edge. The edge comes from trading in the direction of the prevailing trend. After you have a moving average crossover and a strong trend emerges from it, that’s when you want to use this strategy. Note* Avoid using the 9/30 trading setup in flat markets. Moving forward, we’ll teach you how to implement more advanced trading concepts along with the 9 and 30 EMA trading strategy. 9 and 30 EMA Trading Strategy – Advanced Concepts The 9 and 30 moving average strategy is a versatile trading strategy that can be used in ways you never thought possible. You can use this method for short-term trading, medium-term trading and long-term trading. It all depends on your preferred time frame. Now, here is a powerful trading secret about the types of moving averages used in this strategy. The combination of the exponential moving average and the weighted moving average gives us a wider spread between the two MAs. This is a key principle that makes this MA strategy work. Now, you might wonder: “How can we improve the 9 and 30 EMA trading strategy?” If we add a better entry filter, we can gain an extra edge. What do we mean by this? Instead of using a bar that closes above/below the 9-period EMA, we can wait for the entire bar to be encompassed between the 9-EMA and 30-WMA. However, the downside to this trading approach is that you will get fewer trading setups. Often times this type of trading setup can lead to explosive trades that never look back. What are other ways to use the 9/30 trading setup? As we explained earlier the edge of this pattern relays on the resumption of the trend. So, what’s the simplest way to measure the trend direction? A series of higher high followed by a series of higher lows defines an uptrend. In reverse, a series of lower highs followed by a series of lower lows define a downtrend. So, we want to look for ways to capture these types of price structures. To do this we’re going to introduce the concept of multi-timeframe analysis. Note* the advanced 9/30 trading setup works best in conjunction with the daily chart. To better time our entries, we’re going to a combination of two-time frames as follows: The daily chart to spot the trigger candle that closes above/below the 9 EMA Downgrade the TF to 15-minutes (or 5 minutes) and look for uptrend and downtrend price structures If you haven’t realized… Here is the main reason why we use this approach: We know that the daily range can be quite high. So, instead of using the high of the daily candle to trigger our entry we downgrade our chart and seek on lower time frames early signs of upward/downward price structures. Secondly, this trading approach also reduces the stop loss needed for the daily candle. Based on the 9/30 trading strategy we need to wait for the daily candle low to be tagged to trigger an entry. However, whit this new advanced concept we can enter the market early and capture more pips. When we downgrade to the 5-minute chart, we can notice the pattern of lower highs and lower lows signalling the start of a downtrend. Keeping in mind the chart setup found on the daily time frame, we can make a trade on the 5-minute chart when price breaks and forms a new lower low. When the price makes a new lower low after at least two lower highs it develops the price structure of a downtrend. This makes an excellent entry method for the 9 and 30 EMA trading strategy. Final Words – 9/30 Trading Strategy In summary, the 9/30 trading setup is a very effective trading strategy to be used across all markets and time frames. Keep in mind that the power of the 9/30 trading strategy comes from having a prior upwards (downwards) trend. Traders should use this method as a pullback trading strategy rather than try to find reversals. The key takeaways from the 9 and 30 EMA trading strategy can be summarized below: You have the momentum power of the prevailing trend on your side You only need to focus on the gap between the two moving averages Offers you effective ways to manage your risk Built-in trailing stop Versatility to be used in conjunction with other trading methods Last but not least, make sure you use effective money management strategies and position size to protect your capital. After all, your number one priority as a trader is to protect your account balance at all cost.
Education
by Tradingstrategyguides
1
EURAUD 15M BIG BEN BREAKOUT TRADING STRATEGYRule #1 Define the London Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. This strategy works because the Asia trading range tends to attract buy and sell stops above and below the trading range. The bulk of buying and selling stops becomes an easy target for the smart money. Remember that traders need liquidity to execute their orders. And, the smart money is always in search of liquidity to fill their large orders. That’s the reason why the smart money needs to trigger those stops. Rule #2: The One-Hour before the London Open Needs to Generate the Breakout Our backtesting results revealed that momentum really starts to pick up 1-hour earlier than the actual London opening session. There are some smart ways to trade this burst of momentum. Let’s see some technical ways to trade the pre-London open. We don’t need to guess in which way the market will break, we let the market tip his hand and show us the way. This is where things get interesting. Let me explain… During the London session we’re going to see the most traded volume thus the foreign exchange market should really take off in one direction or another. Rule #3 Price needs to fade Immediately after the London session opens, we want to see the price fading the pre-open move. If the move starts fading, we know it was a false breakout. Smart money has used the pre-open move to trigger the stops above the range and now they reverse the tie and start selling. We want to see price pulling back into the range at the same speed as it went up. Let me explain… In simple words, the bearish momentum used to produce the false breakout needs to be equal to the bullish momentum used to fade the pre-open move. We enter our trade after the first 5-minutes have confirmed that the price is reversing. Once this trade setup is completed, you should see a price formation that takes the V-shaped form (or inverse V-shape). Rule #4 Take Profit or Ride the Trend We can measure the size of the Asia trading range and project from the top or bottom of our range to get our profit target. But, oftentimes this type of setup can lead to a trading day that can extend in the days to come. Now, in this case, it’s wise if you employ other trading tactics so you can actually profit from this trend. In this example, the better take profit strategy would be to use a trailing stop. You need to be ready to explore other trading methods to manage your trades. Rule #5 Use a Time Stop Instead of a Price Stop In order to fade the London breakout, you need to use unconventional trading methods. In this regard, for our stop loss trading strategy we’re going to use a time stop instead of a price stop. The first time I’ve ever heard about the time stop concept was while reading the Market Wizards book. Billionaire Hedge Fund manager Paul Tudor Jones one of the greatest traders of our times said: “When I trade, I don’t just use a price stop, I also use a time stop.” So, how to apply the time stop to the London strategy? It’s very simple… If, in the first hour after the London open the price didn’t COMPLETELY reversed the pre-opening breakout, we exit the trade. It’s simple as that, no further explanation is needed.
Education
by Tradingstrategyguides
weekly recapDISCLAIMER Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. i will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information Hello guys , this was one of best weeks ever in forex trading, i hope you guys did also good this week. 1ste T ake the weekend to rest. 2nd look to my posts from this weeks, send me dms about your questions, comment under my charts. 3th THANKS FOR ALL THE DMS I GET , APPRECIATE IT GUYS 4th TIP of the week= DONT OVERLEVERAGE 5TH and last one if you liked my charts please follow me I want to share the results with you guys every week, all these trader under in here i got shared with you guys. HAVE A GOOD WEEKEND YOU GUYS AND I SEE YOU NEXT WEEK. risk is always 1% pair------- sl ------- open ------- closed us 30------- 150------- yes ------- 1% usdmxn -------207 ------- yes ------- 6% gbpusd -------36 ------- no ------- -1% gbpchf -------33 ------- no ------- -1% euraud -------56 ------- yes ------- 8% eurusd -------12 ------- no ------- 3% nzdchf -------30 ------- yes ------- 6% gbpjpy -------100 ------- yes ------- 1% nzdcad -------30 ------- yes ------- 1% total ------- 24%
BITFINEX:BTCUSDEducation
by brian1122
EURAUD – Sellers keep moving forwardEURAUD – Sellers keep moving forward Trend: Sell Neutral Support/Resistance: R3: 1.61807 R2: 1.60908 R1: 1.60468 S1: 1.59558 S2: 1.58804 S3: 1.57752 Price action: This trade is very good to understand reversals. In this case you can see overall buyers zone, but if we compare both sides momentum flow, then we can understand that Aud currency is playing strong role in every case for this week. The point to follow true breaking method is that price has to come below S1 for final decision. Potencial trade idea: Bulls targets: T1: 1.61807 Bears targets: T1: 1.58804 T2: 1.57752 NOTE – We are trading EURAUD via the preferred trading setups by ELITEFXACADEMY Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy