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US30 Mean Reversion TradeThis is a daily chart of the #US30 taken this morning. It's important to note that today ties the longest run of the year without the daily bar testing the 20 day moving average. Back in August, it ran away for 24 days, ultimately to come down aggressively on that day to touch/retest the average. Today, we're extended yet again by 24 days and traders are aware that a mean reversion is imminent. Be mindful of this in your trading right now. No one can predict when the move down will happen, but it will. It's 1000 points away so expect some big moves. I anticipate a trend from the open any day now, if not today.
BLACKBULL:US30Short
by TheMeditrader
TEMPORARY PULL BACK FOR 350 PIPS BULLISH CATCHAUDUSD is officially in an uptrend ,the current pull back is just a brief retest to gain momentum for the next impulse wave that might drop about 350+ BULLISH pips for traders, what a better way to start the new week with an amazing catch. As as soon as the brief BEARISH movement touches our .50/618 fib region at around 0.6546 price level with a 4Hr bullish candle, i will jump into the trade taking 50% of my profit at 100% retracement at 0.6710as my TP1 and the reminder at 0.6907 as my TP2 and SL just few pips behind 0.6546
Long
by Ejike_Odeh
2
BTCUSDT [ BITCOIN ] After the breakout of #headandshoulder #pattern on 1st Aug btc price drop $23360 to $22674 which is strong support on 4h #timeframe. Price rejected this level of support multiple times and we see #doublebottom market structure.Now price coming back to resistance of the zone in which price is moving from last 3 days. $23360 / $22674 . What next in bitcoin? Price is testing its strong supply area multiple times. and another small consolidation we see from 23400-23257 so this seems like #bulls hold this level and we see breakout of this resistance level. If breakout happend you can go long with tha targets of $23852 and $24326 31july supply zone. Your stop below this small range zone which is $23115 INTRADAY ENTRY After breakout of yellow resitance. TP1 /23852$ TP2 /24326 $ SL /23115$ R.R RATIO 1:3 If break below the small range 23100$ than you short btc for the target of 22500$ sl 23500$ R.R RATIO 1:1 #thetradingclub #cryptoanalysis #bitcoinpump
Long
by naumanfx_
EUR/USD Long Opportunity Price on the 15 Min chart has just tapped into a previous demand zone / OB area. I'm looking for price to mitigate the 50% level of this demand and bounce from it. The SL is just below the zone (12 Pips) incase price wicks down to mitigate the local low and claim this liquidity before a larger push up as this is quite a likely scenario which I want to be safe from. My target is the Equal highs which is storing a lot of downside liquidity which must be mitigated before a continuation downwards.
Long
by elliotthforex
3
Prop-firm Challenges (FTMO) Risk ManagementProp-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading. People fail because either they do not have a real edge on the market, they cannot control their emotions, or some combination of the two. If you only have a 10% total loss before you lose the account, why are you risking 1% per trade? why are you risking 1% with only 2% left? The short answer is because you cannot manage risk. And if you cannot manage risk you with either fail immediately, or fail in time. This is a risk profile guide for attempts at FTMO or any other prop firm. The basic premise is to begin at 1% and raise it while in profit, and lower it while in loss. A new theoretical 0 point can be established even within profit in order to protect your gains. You must understand that no single trade is that important. If you are hoping for a trade to change your life you are going about this the wrong way. What is important is compounding profitable trades that outweigh the losers.
Education
by akhena10fx
ETH a lot of energy on the CHOP indicator.Hi everyone, let's take a look at the ETH to USDT chart on the 4 hour timeframe. Let's start by marking the local uptrend in blue as you can see that the price has rebounded on it. The first support is $ 2,849 and the next is around $ 2,730. Currently, the price is just above the resistance at $ 2,941 equal to 0.236 Fib retracement. If we manage to break it, the next resistance should be encountered at the levels: $ 3005 and $ 3063. It is worth paying attention to the CHOP indicator, which shows a lot of energy and observe which side it will be used in.
by cryptodailyuk
What 3 Events Will Traders Be Watching This Week? 24-29 JanWhat 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022 Tuesday, January 25: NAB Business Confidence NAB Business Confidence from Australia hits the market early afternoon on Tuesday. The Index may rebound after November’s sharp drop, where it fell to 12 points from 20 points in the previous report. Several factors have recently occurred that may impart a great deal of positivity in Australia’s business community. Perhaps the most impactful event is the loosening of monetary policy in Australia’s largest trading partner, China. There is room for further loosening in China’s loan rates and the expectation that the People’s Bank of China will use it over the coming months to help prop up slowing economic activity. Australia should be a benefactor of such policy and improve Chinese economic activity. As such, perhaps we will see some positive follow-through in the AUDUSD, which is currently trading at 0.71746, down 1.4% YTD. Thursday, January 27: BoC Interest Rate Decision Fed Interest Rate Decision Two significant interest rates decisions are being served up on Thursday. First is the Bank of Canada (BoC) Interest Rate Decision, due at 4 NZDT in the morning. The BoC is dealing with 30-year-high inflation (4.8% YoY to December) yet may be hesitant to raise rates sooner than March. It could be that the Bank is waiting for the British Columbian floods and the spread of Omicron to subdue until initiating its first rate hike. However, the market may have already partially priced in a 25 basis point rate hike that could leave the CAD vulnerable if the BoC doesn’t deliver what is expected on Thursday. The second interest rate decision is due from the US Federal Reserve on Thursday at 8:00 am. I’m sure most of us will be watching the ensuing volatility in the USD, after Jerome Powell and his team’s announcement. The USDJPY and the NZDUSD may be some of the biggest movers on this day, with the USD seeking to claw back some of the recent losses against the former and further appreciating against the latter. While an interest rate hike is not likely on Thursday, investors will want to see if the Fed will move up its rate hike schedule. As it stands, the market is expecting a March rate hike, the first of many that the Fed will have to enact to combat the 40-year-high inflation in the US.
by BlackBull_Markets
What 3 Events Will Traders Be Watching This Week? 24-29 JanWhat 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022 Tuesday, January 25: NAB Business Confidence NAB Business Confidence from Australia hits the market early afternoon on Tuesday. The Index may rebound after November’s sharp drop, where it fell to 12 points from 20 points in the previous report. Several factors have recently occurred that may impart a great deal of positivity in Australia’s business community. Perhaps the most impactful event is the loosening of monetary policy in Australia’s largest trading partner, China. There is room for further loosening in China’s loan rates and the expectation that the People’s Bank of China will use it over the coming months to help prop up slowing economic activity. Australia should be a benefactor of such policy and improve Chinese economic activity. As such, perhaps we will see some positive follow-through in the AUDUSD, which is currently trading at 0.71746, down 1.4% YTD. Thursday, January 27: BoC Interest Rate Decision Fed Interest Rate Decision Two significant interest rates decisions are being served up on Thursday. First is the Bank of Canada (BoC) Interest Rate Decision, due at 4 NZDT in the morning. The BoC is dealing with 30-year-high inflation (4.8% YoY to December) yet may be hesitant to raise rates sooner than March. It could be that the Bank is waiting for the British Columbian floods and the spread of Omicron to subdue until initiating its first rate hike. However, the market may have already partially priced in a 25 basis point rate hike that could leave the CAD vulnerable if the BoC doesn’t deliver what is expected on Thursday. The second interest rate decision is due from the US Federal Reserve on Thursday at 8:00 am. I’m sure most of us will be watching the ensuing volatility in the USD, after Jerome Powell and his team’s announcement. The USDJPY and the NZDUSD may be some of the biggest movers on this day, with the USD seeking to claw back some of the recent losses against the former and further appreciating against the latter. While an interest rate hike is not likely on Thursday, investors will want to see if the Fed will move up its rate hike schedule. As it stands, the market is expecting a March rate hike, the first of many that the Fed will have to enact to combat the 40-year-high inflation in the US.
A
by BlackBull_Markets