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Unlock Market Targets with Fibonacci: Precise Entries & Exits Hey there! In this video, I’ll walk you through how I use the 50% and 100% Fibonacci levels to get a clear sense of where the market might move next. It’s a simple, no-fuss approach that helps me trade with more confidence—without cluttering my charts with tons of indicators. The projection marks where a move might wrap up—perfect for deciding when to exit or take profits. Whether you’re into forex, crypto, or stocks, this strategy can keep things simple and effective. If you found this helpful, feel free to like, boost, comment, or follow—I’d love to know your thoughts and hear how this method works for you! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
Forex Portfolio Selection Using Currency Strength Index (CSI)Hello Traders, Today, I’ll share my portfolio selection approach in forex trading. This method helps identify the best forex pairs to trade based on their relative strength. The simplest and most effective strategy is to use the Currency Strength Index (CSI), combining the H4, Daily (D1), and Weekly (W1) cumulative strength. By analyzing this data, we can identify the strongest and weakest currencies at any given time. Once we have this information, the next step is to pair the strongest currencies with the weakest. Here are today’s portfolio selections: BUY Pairs: GBPUSD, GBPCAD, GBPNZD SELL Pairs: USDJPY, CADJPY, NZDJPY, USDCHF, CADCHF, NZDCHF The key benefits of this portfolio selection process are: A focused view on the most profitable currency pairs An objective approach to trading decisions Clear direction on which way to trade (buy or sell) Like, comment by letting me know what you think and follow me for more trading education. Happy trading!
Education
by Charts247TradingAcademy
Unlocking Profitable Forex Trading Forex trading can be a complex and risky endeavor, but with a well-defined trading plan based on trend and key levels analysis, traders can gain a competitive edge. In this article, we will explore a real-life example of a forex trading plan that leverages these two powerful strategies to maximize profitability. Understanding Trend Analysis: Trend analysis involves studying price movements over a specific period to identify and capitalize on market trends. By analyzing the direction, duration, and strength of trends, traders can make informed decisions and align their trading strategies accordingly. Leveraging Key Levels Analysis: Key levels refer to significant price levels on a chart that tend to act as barriers or magnets for price movement. These levels can include support and resistance levels, Fibonacci retracements, pivot points, and psychological round numbers. Real Example: A Forex Trading Plan: 1️⃣ Identify the Trend: Begin by analyzing the higher timeframes (daily, weekly) to determine the overall trend. Use trend indicators like moving averages or trendlines for confirmation. 2️⃣ Zoom Into Lower Timeframes: Switch to lower timeframes (4-hour, 1-hour) to identify potential entry points in the direction of the established trend. 3️⃣ Spot Key Levels: Locate key levels such as support and resistance zones, Fibonacci retracements, or psychological levels that align with the trend identified in the higher timeframes. 4️⃣ Analyze Candlestick Patterns: Look for bullish or bearish candlestick patterns that confirm a potential reversal or continuation of the trend at key levels. Popular patterns include doji, engulfing, and hammer. 5️⃣ Plan Entry and Exit Points: Once a high-probability setup is identified, determine precise entry and exit points, factoring in risk-reward ratios. Utilize stop-loss orders to protect against unexpected price reversals. 6️⃣ Set Risk Management Parameters: Determine the risk tolerance and position size based on the trading account balance. Implement sound risk management practices, such as using trailing stops or adjusting stop-loss levels as the trade progresses. 7️⃣ Monitor and Adjust: Continuously monitor the trade, adjusting stop-loss levels or taking partial profits as the price reaches predetermined levels. Adapt to changing market conditions if necessary. 8️⃣ Learn from Experience: Review past trades to identify strengths and weaknesses. Learn from unsuccessful trades to improve the trading plan and identify areas of improvement. Conclusion: Creating a forex trading plan based on trend and key levels analysis provides a structured approach to the dynamic world of forex trading, enhancing the chances of profitable trades. By incorporating this strategy into your trading arsenal and continually refining it based on real-life experience, you can become a more successful and profitable forex trader. Remember to stay disciplined and adhere to your plan at all times. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
14
XAUUSD Outlook 13/6/23. Is a huge move coming?What is up gold gang! Here’s another update from my vacation for you guys. Price is still in this huge range with no clear direction. There is a lot of price level hugging on gold and dxy with no trend. The last time I saw price doing this we had a huge impulse out propelling the last couple years. Can this week do it again with all the news? Lets see. Price levels are on the chart. I’ll update if I can tomorrow while I’m doing tourist things. Please follow along and like for more gold updates. Ill be smashing the content out when I get back to the charts properly from next week Tommy
OANDA:XAUUSD
by tommyXAU
7
XAUUSD 9/5/23 Outlook. No trade day.Good evening gold gang!! wow what a boring day lol very little volume meant gold barely moved away from the 2022 key level and ranged. We had the bank holiday here in the UK but even in NY the volume just was not there. These days are perfect for the brokers as they love taking our money trying to catch moves and getting flipped on lol i took one small position in sells but i was just lucky i was at the charts at the time the candle dropped really. Onto tomorrow, well no news folders again leading to wednesdays CPI so lets hope there is some volume. The trade areas are the same as price never got there .. as usual im waiting for candle closures in them ranges before executing. DXY no direction yet as it too ranged all day .. so it will literally be a suck it and see kind of day. Good luck guys, catch you in the morning tommyXAU
OANDA:XAUUSD
by tommyXAU
14
XAUUSD 21/4/23 Outlook & the daily death rangeGood evening gold gang! hope you have all had a good trading day. Nothing from me today as my ranges didnt get broken, but my bullish analysis was spot on. Few traders messaged me with winning trades and thats awesome. What do we have tomorrow then, ok first thing to note is the news. Its a late one so im hoping for some volume in asian and london .. NY is likely to range for a bit. Lets talk about the range .. if you go on the daily time frame .. you will see that the last 3 days have all opened and closed in the same area .. albeit left wicks .. ive not seen this for a long time and im hopeful we get a break out of the range tomorrow or during the news. Thats why the range is a no trade zone .. there will be too much dealing going on. Wait for the clear breaks in my zones marked up. Direction is gonna be tough to gauge as the candles are the same .. so keep frosty and be prepared for whichever side we pop out of. Ive placed a couple of additional targets on there incase we do get some volume and direction. A word about my targets .. i dont hold full positions to targets .. i always take profits on the way. Don't be a hero .. take what the market gives you and leave runners. Please like and hit the follow button .. im here everyday bringing you super accurate gold analysis and its amazing when people message me telling me they have made money. catch you tomorrow morning gold gang tommyXAU
OANDA:XAUUSD
by tommyXAU
11
XAUUSD 19/4/23 Outlook .. pls readGood evening gold gang!! hope you have had a good day. The days analysis was good and upside targets met, but no trades taken other than a very small profit. The reason for this is we got a closure above the level but price stalled for a full hour (which was not fun) so i exited the trade as this can mean rejection. Price plummeted down to grab more orders from my major level and then 200 pips to the upside to hit the original target. A small win is better than a break even and ive had a few messages from traders that took the trade and profited .. well done! Onto tonights asian and tomorrows london and NY outlook ... Ok DXY is still trending in a bearish channel, this means we should see some gold upside .. so i have placed my buy orders at above 2012 with the target there at 2021. Look out for the 2015 problem area .. it may be better to wait for it to close above there as its a previous strong zone. sells are down at the 1993 .. that is a very strong level and is well respected .. any closure below there should see strong downside. No major news for us tomorrow so there may not be huge moves .. but we are only looking for 100 pip ranges .. 100 pips is massive by the way!! .. thats just my style. Im not into fortune telling predicting the price of gold in 6 months. have a nice evening wherever you are .. catch you tomorrow for updates on this post. Tommy
OANDA:XAUUSD
by tommyXAU
8
XAUUSD 17/4/2023 Outlook. Bullish?Good evening gold gang! hope you are well rested and ready to destroy the yellow metal with me. Ok price dropped as expected last week and landed in a very major price level. If you zoom out to the weekly and monthly, you will see that price is on the end of an upward channel .. and any breaks below could mean we are moving down. In the mean time though with a lot of FUD around the dollar .. xauusd is still high and i believe people want to see the all time high broken. We will need a major "news" catalyst to get back up there though. When i put inverted commas around news, i meant corruption lol The zone where we are at currently is messy .. very messy. There is a clear imbalance there but id rather see the zone flush out first .. so buys for me are above 2022. The level below could be prime for a fakeout .. so ill be watching for that too .. candle close below and we are down down down. Sells below 1993 should be nice and straight forward there not much to get in the way. Im just hoping for volume. A few red folders but nothing major this week. Have a good session guys please like and follow along for more gold trading analysis. tommy
OANDA:XAUUSD
by tommyXAU
7
XAUUSD Huge buys and Asian outlook Good evening Gold Gang! hope you are doing well Wow another great day on the charts with buys in both london and new york sessions! Negative dollar news shot price up leaving sellers in the dust. Both trades called in my analysis and it was nice to receive messages from traders that took them. Well done! Ok as for tonight and tomorrow, gold still bullish obviously but is ready to pull back in my opinion .. it has to. So i have my sells set for below 2031. Its not the cleanest range with a big of traffic in there, so stay frosty and take profits on the way. Buys for me are not at my level, but a little further up as those highs at 2043 are very strong and will need clearing before entering. Its friday! so be aware of any usual gold mischief .. use tight risk management and dont be afraid to pay yourself! catch you in the morning for updates .. thanks for all the likes and new follows .. nearly 600 now thats insane. Welcome! tommyXAU
OANDA:XAUUSD
by tommyXAU
5
A Trader's Guide to Market ConditionsThere are six main types of market conditions that every trader needs to know: bull quiet, bear quiet, bull volatile, bear volatile, bear sideways, and bull sideways. In this blog post, we'll dive into each of these conditions in detail, so you can understand what they mean for your investments and trading. Bull quiet conditions may be ideal for long-term investors, with steady upward trends and low volatility. On the other hand, bear quiet conditions can make finding profitable trades a challenge. But don't despair! Short-term traders may still be able to make profits by taking advantage of small price fluctuations. If you're looking for short-term gains, bull volatile conditions may be the way to go. These periods of economic growth and prosperity can lead to larger price swings than in bull quiet conditions. But beware, the opposite is true for bear volatile conditions. Prices are steadily declining, but with high levels of volatility. Still, traders can profit by taking advantage of large price swings. Bear and bull sideways conditions are characterized by a lack of clear direction in price movements. While traders may find it challenging to make profits in bear sideways conditions, they can take advantage of small price fluctuations in bull sideways conditions. Understanding these market conditions is crucial for making informed trading decisions. By being aware of each of these six conditions, you can increase your chances of making profitable trades and maximizing your returns. So if you want to elevate your trading game, backtest these market conditions and see what your trading results you'd get trading each condition.
by ShaquanLopez
2
XAUUSD How to define the trend (educational post) Good afternoon gold gang! i hope you are all well and enjoyed your bank holiday weekend. This weeks educational post is based on trends and how to define them. The example above is of an up trend. You can follow this example in a down trend situation also, just in reverse. Ok so what do i look for .. on the 4hr chart .. im looking for my key levels as always. When price breaks a key level .. it will come back to retest it .. in normal market conditions. When price comes back to test it .. i am looking for price to respect that level by the way of a wick, and a close above it (in this case) .. this is where i can say the market has made a higher low and then to push on up to retest the previous higher high. In a case of the trend braking .. a change in structure .. i would like to see price at least break the previous key level (one below it) and then i can say the trend has changed. You can also take a trade at these levels .. after the retest. Just wait for a candle close confirmation after the liquidation wick and target the high/low. I hope this was educational to you, its very basic but its nice to go back and drill them from time to time. Stay tuned for market open updates guys .. until then .. please like this post and follow along for more XAUUSD updates. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
3
XAUUSD How to deal with fake outs (tutorial) Good morning gold gang! Im back with another educational piece this weekend getting ready for market open. In this weeks i want to look at the fakeout. The fakeout is a false breakout of the key level. When price moves and closes outside of the level, the next step is to enter the trade. Sometimes what happens is price will close then shoot back up into the range. This is a fakeout. The way i deal with them is i always make sure my entry is a pip or 2 after the wick of the previous candle .. normally what happens is the next candle will open before the wick and saving you from the entry. If this doesnt happen, then you take the loss like a man/woman/person and move on. What NOT to do is change bias and take buys (in this case) as you can get faked out this way too .. a change in bias would be above the next htf resistance or key level. Hope this was educational guys .. please like and follow along for more XAUUSD updates. I post daily and you dont want to miss them. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
2
GBPJPY Technical Analysis 30.03.2023 1h chart– Previous Daily candle closed strong Bullish at 163.500 breaking above the recent Daily Ranges/ Daily Resistances on the left. – Buys on close above 163.700 targeting Daily Resistance at 164.170, Leaving Runners to the 30min Resistance at 164.440. – Sells on close below 163.080 targeting 30min previous Support formed at 162.700, Leaving Runners to the 30min Support formed at 162.400. – As the Monthly coming to a close by the end of the this week, the main focus will be to see if the Monthly and the current Weekly candle closes above Weekly Resistance formed on 1st week of March or will it reject and close back below within the range (Daily Range).
by SalimFX20
XAUUSD Asian / pre London outlook good evening gold gang! .. hope you're well Another winning analysis day on the charts .. my entry got stopped out unfortunately due to a long liquidity wick. The candle flew up after but i was the liquidity in this case .. you cant win them all!! i just move on. Ok, so price is in a zone where its looking like its ready to break the 4hr highs and go for the previous day highs .. as ive marked on the charts as a problem area .. the range is big enough to trade just be aware it may reverse at that point .. so take profits. Sells are valid below the next zone .. the buys look more favourable. No trades zone is marked out so dont fall into the trap in there! gold gang is better than that catch you in london session .. have a good one guys tommyXAU
OANDA:XAUUSD
by tommyXAU
1
XAUUSD Asia Pre London buys?Good evening gold gang! hope you are well Monster sells in london this morning woowwww .. called them last night and to see them play out was poetry Nothing in NY for me, the big move was over. I wasnt interested in catching buys at all .. always follow the current short term trend with gold. Thats a tip for ya. Ok the daily has made a massive wick from the bottom level indicating its had enough of the downside for now .. this could see price moving up in asia pre london .. so ive marked my levels for buys watch out for that strong rejection area ive marked on the upside .. price could jump back from it and take you out .. use tight risk management. Sells are also on but below the previous 4hrs .. target is posted there too (next banking level) Happy trading guys .. catch you tomorrow for ldn .. like and follow for daily gold trading ideas tommyXAU
OANDA:XAUUSDLong
by tommyXAU
4
XAUUSD Technical Analysis 28.03.2023 1h chart– Previous Daily candle closed Bearish at 1956.400 respecting Daily Resistance formed on Friday 24th March. – Buys on close above 1960.000 targeting 30min previous Support at 1967.000, Leaving Runners to the 1h Resistance at 1971.400. – Sells on close below 1952.500 targeting 4h Support at 1945.500, Leaving Runners to the Daily Support formed at 1940.200. – We have CB Consumer Confidence and Richmond Manufacturing Index data during the New York session.
OANDA:XAUUSD
by SalimFX20
1