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RSI Trading Indicator 📉📉📉🎯 RSI - Relative Strenght Index What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition (kindly see the photos attached)
TVC:USOILEducation
by AnonimFXRO
4
Survival Rules in TRADING 📉📉📉‼️ Survival rules in trading for newbies, if you respect those rules i can make a bet you wound't lose your account as the majority of traders are. ‼️ The key word there is IF YOU RESPECT ✅ 1. Always trade with a stop loss ✅ 2. Have a pre-determined risk on each trade no more then 1% ✅ 3. Don't move your stop loss if the price is not going in your favour ✅ 4. Don't add to losing positions, only viceversa. Add to your winning positions ✅ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning. Hope that was usefull for your trading plan.
TVC:USOILEducation
by AnonimFXRO
Liquidity Concept 📈Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street" You can separate the Liquidity Concepts in two areas. ✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers ✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels. ‼️ REMEMBER Dumb Money sell at high Smart Money SELL ABOVE THE HIGH Dumb Money buy at low Smart Money BUY BELOW THE LOW Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow.
BINANCE:BTCUSDEducation
by AnonimFXRO
XAUUSD - KOG REPORT! (Weekly)Weekly Chart: Camelot members have been taught how to trade the triangles to the best of probability using KOG zones and level to level trading methods. This chart is very interesting and if it follows what we think its going to do then please look out for the following levels. The 1914-35 region is important for the price to stay below if we’re going to see a resumption of the bearish move and then continue to the overdue KOG target of 1770! Yes, it a long way off but we’re going to keep it in mind knowing that it can take weeks/months to get there if it wants to. This chart shows the weekly structure with the trend and the Triangle in play. So for coming weeks these are the regions that are important, the 1854 level support where a break and close of this level will see the price then face further declines into the 1835-30 key liquidity region or, a break and close on the weekly of the 1915-35 price region on the weekly candle which will result in more bullish movement in Gold leading to a test of the recent high and potentially further up. Together with the daily reviews and levels we share please add these levels to your charts so you're aware of what the price can do and what it can achieve. We’ve had a lot of traders ask us what time frames we use for our analysis, this is the reason we’re sharing the weekly, daily and 4H time frame analysis, so you can see we start with the longer term charts and then work our way down. This is what a lot of analyst will call a top down analysis of the markets, simply starting from the higher time frames and working your way down. Daily Chart: We have shared this a few times but this time we’re going to go into a bit more depth. You can see the trend and you can also see the daily levels which have been plotted on the highs and the lows of the chart. What we’re looking for here whether the price comes down first to create the lower highs or if the price goes up first to test the top of the trendline and then comes down to create a lower high. We have to keep in mind and be aware that at some point this structure will be broken, that will either be to the upside or the downside. KOGs view on that at the moment is its too early to tell, we will use this chart to guide use using the levels and the trend together with Excalibur to make the most of what we’re seeing. Fore reference only. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
15
🎯 Trading Plan Questions I will try to show you in this post how my intra-day trading plan works and what exactly do i use in terms of risk,pairs,timeframes. ✅ What are my trading goals ? My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day. Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency ✅ What timeframe do i use ? My intra-day timeframes that i am using are H1/M30/M15 you need to know which is your higher timeframe and execution time frame for me its M15, neither higher or lower. ✅ How long to hold trades ? Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk. ✅ Which Currency Pairs to follow ? As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours. ✅ What is the Risk per Trade ? When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk. It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad. What is your Trading Plan ??
BINANCE:BTCUSDEducation
by AnonimFXRO
GBP/JPY Outlook (21 February 2022)Overall, GBP/JPY is ranging across. Recently, GBP/JPY traded into the support zone of 156.000. The UK flash PMI data will be released later at 1730 (GMT+8). Flash Manufacturing PMI (Forecast: TBA, Previous: 57.3 revised from 56.9) Flash Services PMI (Forecast: TBA, Previous: 54.1 revised from 53.3) Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
PEPPERSTONE:JPYXShort
by mentorrobert
EUR/USD Outlook (16 February 2022)Overall, EUR/USD is ranging across. The eurozone ZEW Economic Sentiment data (Actual: 48.6, Forecast: 54.4, Previous: 49.4) released yesterday indicated a further decline in the surveyed investors and analysts’ sentiment on the economic outlook for eurozone. The eurozone flash employment change q/q data released yesterday indicated a slowdown in the number of jobs added into the eurozone economy during the fourth quarter of 2021. The flash GDP q/q data released showed continued expansion in the eurozone economy at the same pace. Flash employment change q/q (Actual: 0.5%, Forecast: 1.0%, Previous: 1.0% revised from 0.9%) Flash GDP q/q (Actual: 0.3%, Forecast: 0.3%, Previous: 0.3%) Currently, EUR/USD is trading towards the resistance zone of 1.13800 and the next support zone is at 1.12000. Look for short-term buying opportunities of EUR/USD only if it breaks the resistance zone of 1.13800.
Long
by filatovarthur
GBP/USD Outlook (16 February 2022)Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8). GBP/USD’s next support zone is at 1.33800 and the next resistance zone is at 1.36000. Look for short-term buying opportunities of GBP/USD.
Long
by mentorrobert
GBPJPY Outlook (16 February 2022)Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8). GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY.
Long
by mentorrobert
EURUSD, monthly and semi-annual developmentsThe price after arriving in B1 of the monthly decided to follow the cycle by looking for the MML H4 in A1. The B1 of the half year has been exceeded for a while, now we can only wait for the price to decline again towards new lows in A1 of the same cycle, and we would find the first interesting level at 1.1065. The MCS is going to narrow the channel of excess weakness, confirming the fact that 1.1065 could trigger the half-yearly buy signal (for now only a hypothesis remains). An alternative view would be the restart of the uptrend right near the MML H4 it has just touched, setting the half-yearly report in 3 times.
by The_Cyclical_Trading
Imbalance Concept ✅✅✅ ⭐️ An imbalance of orders is when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint. For sellers to complete their trades, there must be buyers and vice versa; when the equation is slanted too heavily in one direction, it creates an imbalance. I use imbalances both bullish and bearish to spot where price made ,,un-natural,, moves that should be filled as a tipical GAP move, i will look at them as MAGNET area where price should be attracted where price should go. ⭐️ You can use them as entry areas when price fills the imbalance area or profit target zones I attached couple photos where you can see bullish & bearish imbalances both filled and un-fullfiled(price didnt come back) Hope that was insightfull FOLLOW / LIKE for more content ✅
COINBASE:BTCUSDEducation
by AnonimFXRO
BTCUSD 15M Chart Analysis Swing Trading Zones!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with minimum 2 positions. Once trades hits TP1, change stop loss to break even, making it a risk free trade. If passes TP2, change stop loss again to TP1 to lock in profit if trade goes in reversal. Have tight stop losses to lock in profit, If trade hits TP3, closes. If you do see a reversal (For example going from TP2 short to TP1 short, get into a BUY and have take profit @entry point) Do not trade in-between the Long Entry, and Short Entry! That's my range, and often it will just stay in there until a break out. If trade breaks through our TP3, wait for a candle to come back to it and reverse the trade back to entry.
BITSTAMP:BTCUSD
by CoverchefsFX
2
XAUUSD 15M Chart Analysis Swing Trading Zones!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with minimum 2 positions. Once trades hits TP1, change stop loss to break even, making it a risk free trade. If passes TP2, change stop loss again to TP1 to lock in profit if trade goes in reversal. Have tight stop losses to lock in profit, If trade hits TP3, closes. If you do see a reversal (For example going from TP2 short to TP1 short, get into a BUY and have take profit @entry point) Do not trade in-between the Long Entry, and Short Entry! That's my range, and often it will just stay in there until a break out. Range is tight, so please have stop losses and take profits involved when trading!
OANDA:XAUUSD
by CoverchefsFX
BTCUSD 15M Chart Analysis Swing Trading zones!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with minimum 2 positions. Once trades hits TP1, change stop loss to break even, making it a risk free trade. If passes TP2, change stop loss again to TP1 to lock in profit if trade goes in reversal. Have tight stop losses to lock in profit, If trade hits TP3, closes. If you do see a reversal (For example going from TP2 short to TP1 short, get into a BUY and have take profit @entry point) Do not trade in-between the Long Entry, and Short Entry! That's my range, and often it will just stay in there until a break out. If trade breaks through our TP3, wait for a candle to come back to it and reverse the trade back to entry. Market is very volatile today, be careful put stop losses and take profits no matter what, huge wicks are happening today which are very dangerous if you're in a trade not favoring the wick.
BITSTAMP:BTCUSD
by CoverchefsFX