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EURUSD ; Less than 24 Hours to NFP / 1.14550 > Range > BreakoutEURUSD is looking quite bullish as EURO buyers showed up quite strong early in the week and have maintained a stronghold on the order flow. This shift in Sentiment from the prior week can feel quite drastic, on an intraday basis. But thats the nature of the Lower Time Frames. The lower time frame gives more detail and more noise so you cant get one without the other. However , create a bias for direction on the Higher time frame, and look for confirmation of your bias on the smaller timeframes. This takes time, experience, resilience, reviewing your losses, dealing with life outside trading etc. It is possible, not syaing it will happen, but we could come up to 1.153 tomorrow as NFP closes the week off, just based on momentum and fundamentals sentiment, etc. cheers everyone
Long
by ShrewdCatfx
8
My 5 Year Forex Journey so FarIf there is one thing to remember, it's that life is precious. What may appear to be a setback is really a stepping stone towards a better tomorrow. That's the one thing that really separates us from the animals. They are not aware of the the Future. They have instincts built into their complex physiology. This is also what makes them innocent. But awareness of the future is a key distinction. If you you observe criminal psychology, criminals are quite impulsive. They may cut corners to achieve their goals (Short-Sighted) and this lands them in custody of the more civilized and organized humans. It is in our nature to pursue goals, because this is how we experience positive emotion. Setting goals has turned my life around, please here this, digest it. I was on a devastating treacherous descent into the underworld. Immature, Impulsive, Addicted, Lost, Disgusted, these words describe a mindset, an attitude. The underworld, let me tell you, was quite the experience. I feared for my life, and the health of my loved ones. "How?" I asked myself repeatedly. Is this what I wanted for myself? This is what I manifested, really? Dear God. Help my soul. Help me Take this 1 day at a time Help me take it 1 minute at a time if that's what is necessary Help me restore my dignity Not from Society Not From Others Not even from God I need to believe that I am worth it I am worthwhile I am a good person I am just a man I am am an imperfect man I am an Ignorant Man I am an Incomplete Man I am a partially Broken Man I am vulnerable Man I am a tough man But most importantly I am an unstoppable man. And to be quite honest, it doesn't matter what you think. Because I can manifest anything my heart desires.
TVC:CXYEducation
by ShrewdCatfx
1
GBP Strength?News came out on Forex Factory, a News article regarding the Bank of England. Apparently they are going to raiser interest rates for the Second Month in a row. The last time they did this was 2004. This is a big deal because of the cost of money has increased. This can be attributed to the Federal Reserve for adding more Poker Chips to the Table. Inflation. We have moved bullish nearly 100 pips since this rumor came out. Looks like people are buying the rumor. I believe this news may be a catalyst for a more bullish next few weeks. It may encourage bullish sentiment in the markets, continurbting to a rebound in other risk on assets. possibly the dollar cools down. anyways, cheers everyone. Like and Follow for more content like this
Long
by ShrewdCatfx
Price Action Is Key!!!Price Action Trading Is A Method Of Trading Where Trading Traders Are Able To Make Trading Decisions About Trades Based On Price Movements - Price / Market Data... Without Relying On Indicators etc... #1. Price Action Refers To The UP And DOWN Movement Of A Security's Price When It Is Plotted Over Time #2. Candlestick Patterns - Candlestick Formations - Chart Patterns Are Derived From Price Action. #3. Price Action Involves The Use Of A Naked Market Chart... With The Use Of RAW PRICE DATA #4. Price Action Is Definitely Leading The Way... To Trading Without Lagging Indicators #5. Price Action Does Not Involve Those Messy Charts And Clutter That Takes Up Half The Screen
Education
by UnknownUnicorn33425005
Market Trading AffirmationsAn Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.” Trading Affirmations Are Very Important And Very Much Needed Whenever You Attempting To Trade The Markets • Pre-Trade Affirmation #11- I Will Never Trade Over My Pre-Determined Risk Threshold And I Will Stick To My Pre-Determined Dollar Risk Amount • Pre-Trade Affirmation #12- I Have A Completely Relaxed Self-Assurance. I Am Also Sure And Very Certain About Myself And All That I Do In Each And Every Situation That May Arise • Pre-Trade Affirmation #13- I Need To Continuously Prepare Myself To Continually Monitor My Susceptibility To Making Trading Errors By Keeping A Full Log With Details And Information About Them • Pre-Trade Affirmation #14- I Need To Accurately And Positively Learn To Keep A Detailed And Descriptive Forex Market Trading Journal Of Each And Every One Of My Trades… No Matter The Outcome Of The Trade • Pre-Trade Affirmation #15- I Am Committed To All And Whatever It Takes For Me To Reach My Trading Goals – My Trading Visions – My Trading Beliefs – My Trading Objectives And Most Of All My Trading Achievements Pre-Trade Affirmations are very important. You would never want to start your day much less your Trading Day without your Pre-Trade Affirmations. They are very important and a very crucial part of your Trading. (You Should Always Read These Each And Every Day Before You Trade)
by UnknownUnicorn33425005
Market Trading AffirmationsAn Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.” Trading Affirmations Are Very Important And Very Much Needed Whenever You Attempting To Trade The Markets • Pre-Trade Affirmation #1- I Am A Successful And Profitable Trader • Pre-Trade Affirmation #2- I Objectively Define My Edge Within The Market • Pre-Trade Affirmation #3- I Am Going To Spend My Time Wisely And Meaningfully • Pre-Trade Affirmation #4- I Am Positive And I Will Pour Happiness Into All That I Am Doing • Pre-Trade Affirmation #5- I Understand That Consistency Is More Important That Being Right • Pre-Trade Affirmation #6- I Will Constantly Reward Myself As The Market Makes Profit For Me • Pre-Trade Affirmation #7- I Am Patient And Let Trading Opportunities Present Themselves To Me • Pre-Trade Affirmation #8- I Love Myself Enough To Allow Me To Experience The Success Of Trading • Pre-Trade Affirmation #9- I Am Absolutely Clear About The Specific Results That I Want And Need In Trading • Pre-Trade Affirmation #10- I Make Money In The Markets And This Is An Affirmation Of My Self-Mastery – Self- Learning And Professionalism Pre-Trade Affirmations are very important. You would never want to start your day much less your Trading Day without your Pre-Trade Affirmations. They are very important and a very crucial part of your Trading. (You Should Always Read These Each And Every Day Before You Trade)
Education
by UnknownUnicorn33425005
CADCHF: Potential Long Trade Explained 🇨🇦🇨🇭 CADCHF broke and closed above a daily key level yesterday. Retest of the broken structure may give us a long opportunity. To catch it with a confirmation, follow a minor consolidation range on hourly time frame. 0.732 - 0.7325 is its resistance. Wait for its bullish breakout (you need an hourly candle close above that to confirm the breakout), then buy aggressively or on a retest. Initial target will be 0.7365 ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9
XAUUSD 1H - LevelsQuick update for the end of day. We managed to hold support below at the levels we suggested that gave trades an opportunity to go long into the 1814 level as the first target. Well done to those who followed. Now we want to see where we close today. We have a potential level above around 1818-19 where if the price pushed upto in the late session could be an opportunity to short back down into the 1810 and below that 1806 price regions. We're not going to risk anymore trades today as its the end of the day and we prefer to start fresh in the morning. This is only for reference so please use the levels on the charts. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
CHFJPY: Overbought Market & Correctional Move 🇨🇭🇯🇵 What a sharp bullish rally on CHFJPY at the end of December. The market was nicely growing within a rising channel. The price managed to reach an important psychological level 127.0. Then bears started to push and managed to break a support line of a channel. It looks like the market is overbought and a pullback is coming. Initial goal - 124.5 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
13
XAUUSD - End of week!Very disappointing NFP! So they targeted just below the 1785 KOG target level and then rejected. Ideally we would have wanted more of a stage show from NFP but instead traders got choppy up/down ranging movement. In any case, it gave the entry and is following the long scenario we have mentioned in the NFP Report. We would suggest you protect any long trades you have from the lower support before market close this evening. We're hoping we can achieve that first target of 1797 before the market closes, if not, we'll look for it on market open. We'll stick with the plan for now and update it on our next post with the week ahead analysis. See you on Sunday for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
EURCHF: Time to Fall! Bearish Continuation 🇪🇺🇨🇭 Hey traders, As you remember we spotted a breakout of a major key weekly structure on EURCHF. Finally we see the retest. Analyzing the intraday time frames I spotted a falling parallel channel. This morning the price formed a descending triangle formation on its resistance. Now we see its neckline breakout. I anticipate a bearish continuation within the channel. Goals: 1.045 1.043 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
22
XAUUSD - KOG REPORT!In last weeks KOG report we suggested we would like to see a test on that 1830 level one more time, we said we would expect the price to test both the levels on the weekly triangle which is nearly exactly what has happened. We hit the low of 1758 and that’s exactly where the price bounced from to start this aggressive bullish move that we’ve seen. We also said we had an Excalibur target at the 1812-17 level which we hit on Friday! So what can we expect in the week ahead? We’re going to start with the daily chart to show you the trend we’re still in also highlighting the range resistance and the range support. We would expect there to be some more bullish momentum in the sessions to come, however, we need to be cautious here. As you can see its likely we’re heading for the range resistance level, there will be a lot of break-even traders here as well as a lot of stop losses above this level. We have indications of a price move towards the following levels, 1829 and above that 1841. Based on this we would expect the price to find support in the early part of the week around the 1800-04 level with lower support at 1797-95. If the price comes down to these levels before targeting the higher levels this could represent a good opportunity to long the market towards the higher levels. If the price goes up towards the higher levels before the hitting the support levels this would represent a good opportunity to short the market back towards the lower support levels. Please note, this is dependent on the price staying below the 1850-55 level, breaking this level will lead the price to stretch the bullish move to the higher resistance levels of 1870-85. Key levels: Support: 1800-04 1797-95 1785 Resistance: 1825-27 1833-35 1840-45 1850-55 Below is the weekly chart illustrating the triangle the price is playing within.
FX:XAUUSD
by KnightsofGold
6
EURAUD: How to Catch a Pullback Safely? EURAUD is trading in a strong bearish trend since the end of August. This week a strong key support level was reached. To catch a pullback from that, monitor 4H time frame. For now, the price is stuck within a falling parallel channel. Your first condition will be a bullish breakout of its resistance. Moreover, the price is currently forming an inverted h&s pattern. 1.547 - 1.55 is its neckline. Your second condition will be its bullish breakout. To catch a pullback safely you will need two breakouts: of a falling resistance and of a neckline. Then on a retest you can buy the pair. Goals will be 1.5595 / 1.5705 In case of a new lower low formation the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
20