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Forex-gold

Types of Orders & Their Features📚 ⚠️One of the first things that novice traders should learn is how to use different types of orders. The exact number of orders available to you often depends on which broker you are going to use. Learning how to use different types of orders correctly is part of comprehensive trading training. ❗️The most popular types of forex orders: ✅Market orders A market order is probably the simplest and most common type of order. It is usually executed immediately by the broker if it has not arrived in too large a size or has been placed in fast-moving markets. As the name implies, market orders include buying or selling a currency pair at the current market rate. Market orders can be used by a trader for long or short positions. They can also be used to close current positions by buying or selling. One of the main advantages of market orders is that they are almost always executed. The disadvantage of using market orders is that you can get an unexpectedly unfavorable price if the market moves quickly against your position. ✅Limit orders Whenever a trader wants to specify a lower or higher price at which an order should be executed, this type of order is called a limit order. Limit orders can be used to stop losses, as well as to fix profits. The name of this type of order arises from the fact that the trader demanded that transactions concluded on his behalf be limited to transactions executed at the specified exchange rate or better. In practice, however, limit orders are usually executed at the specified price, although a broker may offer a better order execution rate to impress a particularly good client. Some traders like to use a certain type of limit order, which is called a Fill or Kill or FOK order. The first type of FOK order tells the broker to either fully execute the order at a certain price, or cancel it. The second type of FOK order instructs the broker to immediately execute all orders at the specified price, and then cancel all others. This last type of Fill or Kill order is most often used when trading large amounts. ✅Take Profit orders The take profit order is one of the most common types of limit orders. As the name suggests, it is usually used by a trader who wants to liquidate an existing position with a profit. Therefore, the price level indicated in the take profit order should be better than the prevailing market rate. If the trader's initial position is short, the take profit order will include the redemption of this short position at a price lower than the prevailing one in the market. Conversely, if they held a long position in accordance with the take profit order, it would be liquidated if the market moved up. Traders may sometimes indicate that their take profit orders are of the "All or Nothing" or AON type. This means that the order must be either fully executed or not executed at all. AONs are used to prevent partial execution of orders, which may be considered undesirable. Alternatively, traders can choose to partially fill in a smaller amount than the entire amount of the take profit order. This can be useful if the broker trying to execute the order can only execute part of the order at the exchange rate specified in the order. ✅Stop loss orders A stop loss order is another very common type of order, usually used to liquidate an existing position. Such orders are usually executed as market orders as soon as the stop loss level is triggered when trading currency at this level. In fact, when the market has gone against an existing position to a point and the exchange rate has reached the specified stop loss level, the stop loss order is executed and causes the trader to incur a loss. However, a stop loss order limits the trader's further losses if the price continues to move in the same unfavorable direction. This makes stop loss orders an important part of risk management strategies for many traders. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
3
CHFJPY SELL SWING TERADEHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will have more profit always and you will not be a loss. 1. Daily Share Analysis Chart 2. Technical Knowledge 3. Fundamental Knowledge 4. Trading Signal if you want to join my team come to inbox CHFJPY sell limit @ 142.65 TP : 139.75 TP : 135.90 SL : 143.87 Want to succeed in Forex? Use proper Money Management
Long
by Arslan_92
Gold Price Forecast 15/07/2022From a technical perspective, the price of gold has struggled to find acceptance below the $1,700 round for the time being. This in turn calls for some caution for bearish traders and before positioning for any further declines. As such, the metal's failure to gain significant traction suggests that the selling trend may not be over in the long term and risks remain on the downside. Therefore, any move to test recovery is likely to be resistance in the $1,725-$1,726 area. A horizontal barrier of $1,734-$1,735 follows, where a fight in short-covering XAUUSD could push the $1,749-$1,752 supply zone. On the other hand, weakness below the overnight swing low around $1,698-1,697 seems to be a new trigger for bearish traders and will make XAUUSD weaker. The gold price could accelerate the fall to the September 2021 low and hit the $1,787-$1,786 region. The downward trajectory could extend further after testing the 2021 annual low near the $1,677-$1,676 range.
TVC:GOLD
by OAurthor
1
FALSE BREAK | Price Action Trading📊 ⚠️How often have you opened a key level breakout trade, and then the price turned against you? False breakout happens quite often and it is a problem for many traders who buy at highs and sell at lows. Breakout trading is a fairly popular and viable trading strategy. However, some breakouts often turn out to be false. This can be quite frustrating, not to mention that it can often lead to a losing trade. However, in many cases, an experienced trader can analyze the market situation and react to it accordingly. False breakouts can make a profit if you know how to trade them correctly. ❗️A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction. When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown. These traders are trapped when the price reverses, which triggers a series of stop losses. New traders are also entering the market, and this puts additional pressure on the price. This often turns the price into a new trend, the opposite of the initial breakout. A breakout that turns out to be false is a sign of strength in a downtrend or weakness in an uptrend. As you can see, a false breakout can easily cause significant losses for any trader. Some traders develop their entire strategy around trading false breakouts, as this can be a very powerful trading approach. Some of the best trades happen when market players fall into a trap and their stops start to work. ✅How to find patterns of false breakouts? 🟢If you do not learn how to correctly identify false breakouts, you will not be able to trade them profitably. For example, there will be situations when the price returns to the breakout point, and only then continues its movement. 🟢One of the ways to detect false breakouts is to monitor the volume. Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout. When this volume is absent, there is a higher probability that the breakout will not happen. 🟢Thus, if the trading volume is low or it decreases during the breakout, a false breakout is likely to occur. In contrast, if the volume is large or it increases, a real breakdown is likely. 🟢It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe. ✅False Breakout Trap 🟢After all, many trading textbooks say that a breakout can be considered confirmed when a candle closes above the resistance level. However, the price moves in your direction for a while and then turns 180 degrees. As a result, you have a stop loss triggered. 🟢The false breakout trap includes several candlesticks, usually 1-4, that go beyond the key support or resistance level. Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength. Have you ever been trapped by a false breakout? ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
6
XAUUSD further bullish move expected - 280 pips opportnityXAUUSD made a aggressive bullish rebound from 1707 area and has close way above the H1 trend line and now testing the supply area around 1730.00, this supply area also has a confluence of trendline and 50 period moving average on H1, a bullish move is expected from 1730.00 area to the next demand zone of 1759.00 which also has a confluence of 200 period moving average. Buy around 1731.00, takeprofit: 1759.00, stoploss 1719.00 ---- 280 pips opportunity
FOREXCOM:XAUUSDLong
by tuahawaqar
1
FIBONACCI TOOL | common reversal levels📊 ⚠️Fibonacci levels are one of the most popular tools for analysis. These are price levels that are located in certain parts of the movement corresponding to the mathematical Fibonacci numbers. ✅What are Fibonacci numbers? 🟢In the XIII century, the famous scientist Leonardo of Pisa lived in the Republic of Pisa – the first major medieval mathematician in Europe. On the cover of one of his most famous works was attributed filius Bonacci (son of Bonacci). Hence the nickname Fibonacci. 🟢The Fibonacci numbers are a sequence of numbers derived from Leonardo's experiment on rabbits. The Pisan mathematician decided to find out how many pairs of rabbits will be in a fenced pen a year after the start of breeding (provided that there will be only one pair in the pen in the first month). In the third month, the cuts began to multiply recurrently – each subsequent number was equal to the sum of the previous two (1, 2, 3, 5, 8, 13, etc.). 🟢If any number from the sequence is divided by the previous one, you get a number tending to 1.61803398875… This number is the "golden ratio". In algebra, such a number is called the Greek letter phi. When dividing any number from the sequence by the following, the inverse of phi 0.618 is obtained. When dividing any number from the sequence by the number following one, 0.382 is obtained. In this form, Fibonacci numbers are much more familiar to traders. ✅Correction levels 🟢Correction (retracement) - movement against an existing trend. The correction "absorbs" part of the trend movement. Of the Fibonacci numbers, 38.2 are mainly used for correction levels (from the previous trend movement), 50%, 61,8%, 78,6%. 🟢Correction levels are based on candle wicks, in other words, on their maximum or minimum points. To build a correction level, you need to find a trend. Fibo levels can be asymmetrical, so it is especially important to pay attention to where the beginning and end of the wave on which the level is being built are located. 🟢On a downtrend, 0% at the bottom, 100% at the top. When ascending, the opposite is true. The most significant correction level is 61.8. When a breakdown of this level occurs, a new trend in the opposite direction usually begins. After that, it is necessary to build a new corrective level. 🟢Correction pattern – movement between minor correction levels. After such a move, the price usually moves to the key level of 61.8. 4 patterns are depending on which levels of correction the price concerns. ❗️Even if the skills of analyzing the state of the market by Fibonacci levels will not be a big advantage in trading, then in any case it is a great (and to some extent integral) experience of technical analysis. Fibo levels can be combined with a footprint, deltas, and other tools. The trader will understand only in practice if it is possible to benefit from this or not. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
4
XAUUSD UPDATEGold is looking interesting here for a possible intraday shorting opportunity. On the weekly TF price has been in a corrective downtrend since hitting ATH prices, the previous weekly candle closed bearish with a potential wick to fill to the downside, on the 1D TF price recently made 3 pushes to the upside before a new bearish impulse breaking below 1D structure and the counter trendline, the impulse has been followed by a retracement which is currently testing the 0.618 fib, i am looking for the continuation move. We will be monitoring PA from a LTF perspective inside our supply zone for potential short entry confirmations
OANDA:XAUUSDShort
by ITSCRYPTO1
BID AND ASK BASICS📚 🔴In all markets, there is a price at which a market participant is willing to buy an asset and a price that suits the seller. At the same time, traders intend to carry out a purchase and sale transaction only within the amount that is profitable for them. ⚠️In the foreign exchange market, the ask line is the cost of buying an asset or the price that is set by the broker in the Buy order. ⚠️Bid - accordingly, the cost at which the broker opens a sell order when accepting an application for the sale of currency from a trader. ❗️The spread is the difference between ask and bid prices. To be more precise, the spread is the difference between the best bid and ask offers for a specific asset over a certain period. Thus, the spread is dynamic, changing over time. The spread value is formed by the initial value set by the broker, as well as due to the volatility of the currency. The spread can vary from 0.1 to 100 points. ✅In the market of physical goods, a similar example can be given: a seller and a buyer, haggling, narrow the difference between prices that satisfy them, bringing them to one at which they make a deal. ✅In the foreign exchange market, the spread between prices is the commission charged by the broker. It should be borne in mind that the broker takes a commission regardless of the volume of the transaction and its result. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
6
WHAT CAN WE EXPECT FROM XAU/USD BASED ON NFP COMEOUTS?Happy Friday, TradingView community! You've made it through another successful week of trading (hopefully); however, we're not done yet. In an hour and a half from the time of writing this post, we're having the NFP data released for US economy as it is the first Friday of the month. Non-farm payrolls give us an insight into the change in Average Hourly Earning, Employment change and subsequent Unemployment rate in the United States. As you might guess, this would be quite an important news release for any world economy. Overall, the projections for this month are quite conservative. Thus, most people expect the more likely scenario of the "Actual" NFP data to be better than the initial forecast. This would be the positive reading for USD and all the pairs that have USD as a first currency. In this case, for XAUUSD we have a drop till 1830s with a further retest and bounce all the way to 1790. However, we also made sure to include Scenario #2 for the case of "Actual" being lower than the "Forecast" (less likely). It is pretty self-explanatory, yet not as likely as the previous scenario. Either way, we're looking to clarify some direction for the next week and make some money along the way :)
OANDA:XAUUSDShort
by Investroy
8
Medium Term Setup For XAU/USDHi Traders, I’ve got my eyes on XAU/USD today for potential shorting opportunities, Price created a double top and proceeded to break the neckline, I’ve drawn a trendline from the outer most points of the uptrend and price has persisted to breaking the trendline. We have one more barrier in the way of a potential clean move to the downside. 1841.250 is the current barrier I need taken out before looking to sell this instrument. A strong bearish closure below the key level would spark my interest. I would be looking for price to fill in the wick on the left of the range which would yield a profit target of 87 pips, At that point, I would be satisfied and close 80% of my positions where I could leave the rest to potentially breach 1832.5 and meltdown to 1825.0 for a total risk to reward of 5 to 1. We still playing around in the range of 1850.0 – 1841.250 a closure above 1850.0 could potentially send price to 1865. We will have to wait and see what the day brings, Keep in mind that we have some fundamental elements coming into play later on today (US-GDP) let's remain patient and only strike when we have clear direction and confirmation. Renaldo Philander
OANDA:XAUUSD
by Tradebudz