Forextrading
USDCHF: Best sell signal since May 2024.USDCHF is bullish on its 1D technical outlook (RSI = 60.917, MACD = 0.006, ADX = 41.659) as it has been on a nonstop rally supported by the 1D MA50 since October 4th 2024. The wave has reached the top of the long term Rectangle pattern and almost the R1 level. Alast time it was there (May 1st 2024), it got heavily rejected. We expect at least a test of the S1 level (TP = 0.85550).
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Why Most Traders Fail (And How I Turned It Around)I still remember my first trade like it was yesterday. I had no idea what I was doing, but I convinced myself I was going to crush it. Spoiler alert: I didn’t. In fact, I wiped out 20% of my account in less than an hour. I sat there staring at my screen, wondering what the hell just happened.
If you’ve been there, I get it. Trading isn’t easy—it’s brutal at times. The truth is, most traders fail not because they’re bad at it, but because they’re unprepared for what trading really demands.
I’ve made every mistake you can think of, but here’s the good news: I’ve also learned how to turn it around. This isn’t theory—it’s my story.
Lesson 1: Winging It Will Destroy You
When I started, I thought trading was just about picking the right stock or currency and riding the wave. I’d watch a few YouTube videos, scan some charts, and think, “Yeah, this looks good!” It wasn’t. I was basically gambling with my money.
What finally clicked:
-I needed a plan, plain and simple. One day, I sat down and wrote out what I’d do: what I’d trade, how I’d manage risk, and when I’d call it a day.
-The first time I actually stuck to my plan, I didn’t even win big. But for the first time, I felt in control, and that was everything.
Lesson 2: Risking It All = Losing It All
There was this one trade—I'll never forget it. I bet way more than I should’ve because I was sure I’d win. When it went south, I froze. I couldn’t bring myself to close it, and the losses just piled up. By the time I got out, half my account was gone.
What saved me:
-I learned to only risk a small percentage of my account—1-2% per trade. Yeah, it felt slow, but it kept me in the game.
-I started using stop losses religiously. No more crossing my fingers and hoping for the best.
Lesson 3: Emotions Are Your Worst Enemy
I used to get so caught up in the highs and lows. A big win would make me feel invincible. A big loss? Devastated. I’d jump into revenge trades, trying to get my money back, and just dig myself deeper.
What changed:
-I started journaling every trade—not just the numbers, but how I felt. I noticed patterns, like how I’d overtrade when I was frustrated.
-Now, if I feel off, I walk away. No charts, no trades, just a reset.
Lesson 4: Overtrading Was My Addiction
I thought trading more meant making more. So I’d take setups that were “meh” at best, just to feel like I was doing something.
What helped:
-I stopped looking for trades—I started waiting for them.
-Now, I focus on one or two great setups a day. The rest? I let them go.
Lesson 5: You Don’t Have to Know Everything
At one point, I was drowning in information. I had 15 indicators on my chart, followed 20 gurus on Twitter, and read every trading blog I could find. It was overwhelming, and it didn’t help.
My aha moment:
-Simplicity wins. I stripped my charts down to the basics: price action, support/resistance, and a couple of indicators I actually understood.
-I stopped chasing the “perfect” strategy and focused on mastering one approach.
You Can Do This
I’ll be honest—there were moments when I wanted to quit. Blowing up accounts, feeling like a failure, wondering if I was cut out for this... it was hard. But looking back, I’m glad I didn’t give up.
If you’re struggling, I get it. I’ve been in your shoes, and I know how overwhelming it can feel. Send me a DM or check out my profile —I’m here, happy to share what worked for me and help however I can.
Trading isn’t about being perfect. It’s about progress. So take a breath, refocus, and keep going. You’ve got this.
Kris/Mindbloome Exchange
Trade What You See
Confirm analysis of gold read the caption Inflation in the US, as measured by the change in the CPI rose 2.9% on a yearly basis in December from 2.7% in November, the US Bureau of Labor Statistics (BLS) reported, matching expectations. When compared to the previous month, the CPI was up 0.4%, after adding 0.3% in the previous month. The annual core CPI, which excludes volatile food and energy prices, rose 3.2%, below the expected 3.3%. The news sent stocks skyrocketing and bond yields lower as investors lifted bets on the Federal Reserve's (Fed) upcoming
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500).
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EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum.
With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
EUR/USD Long, GBP/USD Short and NZD/CAD ShortEUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
GBP/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• If 2 touch 1H continuation forms, 15 min risk entry within it.
XAUUSD SELL XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday.
Gold sell 2674
Support 2640
In the 4-hour chart, a directionless 20 SMA has rejected advances since the week started, now acting as dynamic resistance at around $2,674.00. The 100 and 200 SMAs are also flat, yet well below the current level. Finally, technical indicators have ticked higher, although in neutral-to-bearish territory.
Support levels: 2,660.70 2,645.15 2,635.00
Resistance levels: 2,675.00 2,683.20 2,697.90
XAUUSD SELL Support
Master Short-term Trading in Stock, Forex, and Crypto MarketsMaster Short-term Trading in Stock, Forex, and Crypto Markets
Short-term trading is a fast-paced approach that demands skill, strategy, and quick decision-making to capitalise on small price moves in financial markets like stocks, forex, and crypto. This article dives into advanced techniques, adaptive strategies, and psychological discipline needed to improve your trading edge.
Choosing the Right Market and Asset for Short-Term Trading
Short-term trading isn’t just about finding an opportunity; it’s about picking the right market and asset that aligns with your strategy, risk tolerance, and trading style. Different assets and markets move in unique ways, and understanding their traits can sharpen your trading decisions and improve your ability to identify favourable setups.
Stocks
When short-term trading stocks, movements often hinge on company-specific events like earnings reports, product launches, or even management changes. Ideal stocks for short-term trading typically include those in technology or high-growth sectors, which tend to show greater volatility and liquidity. However, specific stock trading hours limit opportunities (with after-hours trading often seeing lower volume), which can reduce flexibility compared to 24-hour markets like forex or crypto.
Forex
Known for its high liquidity and 24-hour trading cycle 5 days a week, the forex market offers ample short-term trading opportunities, particularly with major currency pairs like EUR/USD or GBP/USD. These pairs are heavily traded, leading to tighter spreads, which is essential for traders looking to make multiple trades in a single day. The forex market is also influenced by economic data releases and geopolitical events, making it a good match for traders who stay updated on global news and market sentiment.
Commodities
Trading commodities like gold, oil, and silver can add diversity to short-term trading. Commodities often see increased activity during times of economic uncertainty or when inflationary pressures are high. Precious metals like gold, for instance, are seen as so-called “safe havens,” attracting short-term traders during volatile market periods. Energy commodities, such as oil, also offer strong moves tied to supply and demand shifts, including geopolitical developments and inventory reports.
Cryptocurrencies
The crypto market stands out for its high volatility and 24/7 trading schedule. For those looking to trade for the short term in the crypto market, major coins like Bitcoin and Ethereum are common choices due to their frequent price swings, while smaller coins can offer higher-risk, high-reward short-term investment potential.
However, crypto’s high risk and rapid price swings mean that traders must carefully manage the size of their short-term investments and stay alert to sudden shifts in market sentiment, often driven by regulatory updates or large-scale adoption news.
Advanced Technical Analysis Techniques
For traders aiming to refine their short-term investing, advanced technical analysis techniques can provide the depth needed to make quick, informed decisions. These methods go beyond basic indicators, giving traders a closer look at price dynamics, market psychology, and trade volume to spot potential setups.
Price Action Analysis
Price action analysis focuses on interpreting price movements without relying heavily on indicators. Traders using this method look for specific patterns like “doji” and “engulfing” candlesticks to gauge market sentiment. Recognising these patterns, along with key levels such as support and resistance, can help trader time entries and exits by indicating when momentum may shift. Price action is especially useful in volatile markets, where traditional indicators may lag.
Volume Profile
Volume profile charts and indicators show the volume traded at each price level over a given period, helping traders identify where the most buying and selling is happening. This technique highlights “high-volume nodes,” or price points where large amounts of trading occur, indicating levels where the price might stall or reverse. By using volume profiles, traders can spot areas of consolidation or breakout zones, refining their trade entries or exits based on market interest.
Discover volume profile tools on FXOpen’s advanced TickTrader platform.
Dow Theory
Dow Theory is a market analysis framework that asserts markets move in trends, with each trend consisting of primary, secondary, and minor waves. Short-term traders often focus on secondary trends (lasting days to weeks) to align their trades with market direction. By recognising the phases of accumulation, public participation, and distribution, traders can better understand the market’s larger direction and time their entries.
Wyckoff Theory
Wyckoff Theory can be used by short-term traders for recognising and capitalising on repeatable market patterns driven by supply and demand. Through Wyckoff’s approach to price and volume analysis, traders can identify phases, which signal potential reversals or continuation trends. This allows short-term traders to time entries and exits more accurately based on market structure. Additionally, Wyckoff’s emphasis on liquidity and the role of large institutional players helps traders anticipate price movements, enabling them to make informed decisions in volatile, fast-moving markets.
Elliott Wave Theory
Elliott Wave Theory proposes that markets move in repetitive waves influenced by crowd psychology. For short-term traders, identifying the five-wave impulse or corrective patterns can provide context on where the market may be within a larger cycle. This analysis can assist in timing trades by aligning with the anticipated movement within a wave sequence.
Developing a Flexible, Adaptive Strategy
In fast-paced markets, adaptable short-term trading strategies are key for traders who want to thrive in varying conditions. A flexible approach enables traders to pivot based on volatility, volume, and market sentiment without rigidly sticking to one strategy.
Scalping vs Day Trading
Scalping and day trading both offer short-term opportunities, but each thrives in distinct conditions. Scalping—executing numerous quick trades for small gains—is potentially effective in high-volatility environments with tight spreads, like forex or certain tech stocks. Day trading, on the other hand, takes advantage of slightly longer holding times within a single day, allowing traders to capitalise on more substantial moves. Knowing when to switch between these approaches keeps traders prepared.
Timeframe Adjustments
Adapting timeframes based on volatility can improve timing. For example, traders might use 1-minute charts during high volatility and 5- or 15-minute charts when the market is steadier, allowing them to focus on potentially more reliable setups without overreacting to noise.
Continuous Backtesting and Refinement
An adaptive strategy relies on ongoing backtesting to identify what works in current conditions. Live adaptation is also essential—strategies might need adjustments in real time based on changing market sentiment or unexpected events. Keeping strategies flexible and adjusting as data changes help traders stay aligned with the market’s rhythm.
Advanced Risk Management Techniques
Effective risk management goes beyond setting a simple stop loss. For advanced traders, techniques like dynamic position sizing, trailing stops, and a nuanced grasp of win rate and risk-reward ratios are essential to navigating volatile markets.
Dynamic Position Sizing
Adjusting position sizes based on current market conditions allows traders to respond to volatility without overexposing their capital. For instance, in highly volatile sessions, traders may reduce position sizes to limit exposure, while in low volatility periods, they might increase them to capture larger potential gains.
Trailing Stops
Trailing stops protect potential gains while letting trades run. As the market moves favourably, a trailing stop gradually locks in gains, automatically adjusting to reduce risk if the trend reverses. This is especially useful for fast-paced assets where trends can shift quickly, helping traders maximise trade effectiveness without manually adjusting their exits.
Win Rate and Risk-Reward Balance
A high win rate isn’t always the goal; balancing it with a good risk-reward ratio is often more sustainable. For example, a trader with a 40% win rate might still see strong potential returns if their average risk-reward is 1:3.
Psychological Discipline and Strategy Execution
Mastering short-term trading requires more than technical skill—it’s about controlling emotions and staying disciplined under pressure. Even with a solid strategy, emotional biases like fear and greed can cloud judgement and lead to impulsive decisions.
Avoiding Overtrading
Overtrading often stems from frustration or the “fear of missing out.” Identifying decent shares to buy for the short term can be exciting, but it’s essential to set clear limits on daily trades. By focusing on quality setups over quantity, traders can prevent hasty, low-probability trades that erode potential gains.
Sticking to the Plan
A pre-set strategy is only as good as its execution. Traders can strengthen discipline by following structured routines—such as starting each session with a plan, reviewing recent trades, and assessing market conditions. Journaling each trade, including the reasoning and emotions behind it, helps reinforce the commitment to the strategy.
Routine and Mindfulness
Building a consistent daily routine, from meditation to pre-market preparation, can help reduce emotional swings and keep a trader’s focus sharp. Practising mindfulness helps traders stay centred, making it easier to manage emotions, avoid unplanned trades, and stay aligned with their strategic goals.
The Bottom Line
Skills like advanced analysis, adaptable strategies, and emotional discipline are essential to navigate stocks, forex, and cryptocurrency markets effectively. With the right tools and techniques, traders can make agile decisions in fast-moving markets. For those ready to take their trading further, opening an FXOpen account offers access to four robust trading platforms, competitive spreads, and fast execution speeds—ideal for short-term trading.
FAQ
What Is Short-Term Trading?
Short-term trading involves buying and selling financial assets over low timeframes, typically ranging from minutes to hours. Traders aim to capitalise on rapid price movements rather than holding positions long-term.
How Do Short-Term Traders Make Money?
Short-term traders aim to take advantage of small price changes by timing their trades based on market trends, technical analysis, or key events. They base their strategies on quick decision-making, effective risk management, and sometimes high-frequency trading.
How to Pick Good Stocks for the Short-Term?
To find short-term stocks, traders look for stocks with high liquidity and volatility, as these are more likely to see meaningful price swings. Many traders focus on stocks to buy for the short term that offer recent/upcoming news or earnings reports, which tend to drive price momentum.
Which Crypto to Buy for the Short-Term?
High-liquidity cryptocurrencies like Bitcoin and Ethereum are popular for short-term trades due to frequent price fluctuations. However, smaller coins can also offer opportunities, but these often carry higher risks due to their volatility.
Can You Make a Living From Short-Term Trading?
Yes, but it’s challenging. Short-term trading requires a strong strategy, deep market knowledge, and emotional discipline. Many traders supplement their income with other sources, as consistent gains can be difficult to achieve.
At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD Index (DXY) Soars to 2-Year High!🚀💵 USD Index ( TVC:DXY ) Soars to 2-Year High! 📈
The U.S. Dollar Index just hit above 110, a peak not seen since November 2022! Thanks to strong U.S. economic data, but is this the top or just the beginning? 🧐
Check out the trends on #TradingView for deeper insights! 🔍📊
#USD #DXY #ForexTrading #EconomicTrends
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This currency pair, following its recent decline, has shown a strong reaction at a key support level. The support has held, and a corrective upward movement is anticipated from this zone. The price is expected to rise at least to the specified resistance levels.
Don’t forget to like and share your thoughts in the comments! ❤️
NZD/CAD Short and NZD/JPY ShortNZD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:.
• 1H impulse down below area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Xauusd buy Gold price trades with a mild negative bias during the first half of the European session and for now, seems to have snapped a four-day winning streak to a one-month high touched on Friday. The upbeat US NFP report reinforced market expectations that the Fed will pause its rate-cutting cycle later this month.
Xauusd buy 2666
Support 2675
Support 2680
Target. 2698
Stop loss 2640
EUR/USD Bearish Setup Short Opportunity at Key Resistance ZoneThis chart suggests a potential short setup for EUR/USD
The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure.
The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels.
Key levels to watch
Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs)
First Target: 1.01764 (potential take-profit level)
Stop Loss: Above 1.03117 (to protect against a breakout)
Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
NZD/JPY (Trade Recap) EUR/USD Long, GBP/AUD Long & USD/CAD ShortEUR/USD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Mon 13th Jan 2025 Daily Forex Charts: 4x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Sell, EUR/USD Sell, GBP/USD Sell & NZD/USD Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
After NFP gold is still bullish? check my proper analysis!Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Monday market open session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2690) our take profit will be 200 pips 2710 and our stop loss will be 100 pips 2680 I wish we all together print some money.
Good Luck :)
Market Volatility: The Trade That Taught Me PatienceEarly on, I thought I could outsmart market volatility. I’d jump into trades during big moves, hoping to catch the wave. But one day, it caught me instead.
The Day Volatility Got Me
I remember trading during a news event. The market spiked in my direction, and I got excited. I moved my stop-loss higher to give the trade “room to run.” Then, out of nowhere, the market reversed. My gains disappeared, and I ended up with a bigger loss than I could afford.
That trade taught me that volatility is unpredictable—and dangerous if you’re not prepared.
What Volatility Did to Me
-Tempted me to chase moves: I couldn’t resist jumping in, even when it wasn’t smart.
-Shook my confidence: The wild swings made me doubt my plan.
-Made me emotional: I panicked when things didn’t go as expected.
How I Fixed It
I stopped trading during news events unless it fit my strategy. I started using stop-losses and stuck to them, no matter what. And I reminded myself that no single trade is worth blowing my account.
What I Learned
-Volatility is part of trading—embrace it, but don’t let it control you.
-A solid strategy and risk management are your best defenses.
-Patience pays off when the market gets wild.
Struggling with market volatility? DM me—I’ve been there and can help. I also have a webinar this Sunday to help you tackle this challenge and stay grounded.
Kris/Mindbloome Exchange
Trade What You See
Friday "NFP" Sell Signal Alert!The market has been following the trendline for the past 2-3 days. A daily price close with a Doji candle suggests indecision, while our daily bias remains bullish. However, today is Friday, and we have the NFP news event.
We anticipate the market to move up by 120-130 pips, following the trendline, toward my identified resistance zone. Wait for gold to reach this resistance area before taking any action.
For a bearish scenario, the target range is around 310+ pips. The market may first create a large wick during the news event before experiencing a significant drop.
i'll keep this idea updated.
Case Study of XAUUSD : Symmetrical Triangle BreakoutsXAUUSD, representing gold against the US dollar, is currently trading at 2680 and is expected to rise to a target price of 2800. The pair is breaking out of a main symmetrical triangle pattern, a technical indicator signaling a potential continuation of the bullish trend. This pattern forms during a consolidation phase, where price action narrows before a decisive breakout. Following the breakout, it is anticipated that the price will retest the breakout level to confirm its strength and establish a new support zone. Retesting is a common occurrence in technical analysis, reinforcing the breakout's validity and providing traders with confidence in the upward momentum. Once the retest is complete, the price is expected to resume its ascent toward the target. This scenario reflects a strong technical setup, attracting both short-term and long-term traders seeking to capitalize on the projected move. The symmetrical triangle breakout and subsequent retest indicate a well-structured path toward achieving the 2800 target.