Get started

Howtobesuccessful

"Trade what you see, not what you think!"... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF. Let's see if it's possible... The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?... It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going as far back as one cares to look; It is also clear that this pair continues to do so despite the relentless manipulation (money printing) of the SNB; That massive 42.5% jump of the CHF vs. the USD, between 2009-2012 (which has not been recovered since), ... ... back when the whole world seemed to come apart ("The Great Financial Crisis" + European Sovereign Crisis), the Swiss Franc still remained one of only two, true Safe Haven currencies in the entire world! (beside the Japanese Yen and despite every imaginable liquidity constraint.) Fast forward to the Covid Pandemic ... ... and the Franc did it's thing , once again, with an immediate +11.5% rise versus the USD, again, in what appeared to be the end of the (financial) world. However, several more things are noteworthy during this period; - Had the SNB paid attention, they would have already known (or at least expect) that the support zone which formed back in 2014, at 0.8750, and which prompted a strait and virtually immediate -17.5% slump in the Franc vs. the Dollar, would stop and hold back the continued and "uncomfortable" advance of the Franc, this time around, as well; (The decision makers at the SNB are no different from the rest of clueless bureaucrats, typical for any other Central Bank lackey, anywhere else in the world. The only difference may be that they tend to have longer-term mandates and tenures.) - Had they paid attention they also would have found it to be unnecessary to increase the printing of the Franc by a whopping +29% month-over-month (CHF60 Billion per), right into oblivion, or at least until they shot strait to the top of the pile and became one of the largest public investor in the Nasdaq100, scrapping 800+ years of Swiss tradition and thus tying Swiss fortunes to the likes of Apple and Netflix. - Had they paid attention to their own history and tradition, they would have also realized a couple of fundamental truths; 1) No amount of printer ink will stop the worlds love affair - well in excess of Swiss GDP - with the Swiss Franc, any time when the the end of the world is nigh; (I.e. The reliance on Swiss resilience and frugal nature.) 2) With a Swiss ruling class (top 5%) having more wealth than any other nation on earth (in relative terms), reclusive, invisible and may be even boring as they may be, they will have their Central Bankers' heads on a pike (all the heads on one pike; The Swiss are frugal) way before any of them can do permanent or even lasting damage to the Swiss Franc and well before they can all shout "Mein Gott!" (or "Mon Dieu!", dependent on the particular central banker's regional origins). Just in case should any of the above appear to be idle speculation, here is a gentle reminder; Does anyone recall Jan. 15, 2015? - When the SNB unceremoniously pulled the peg to the Euro, without any further (or previous) ado! Enough said. The Franc has been in a heavy uptrend vs. the USD even before the Covid Pandemic; Moving on... As it currently stands (at the end of March, 2021) the top three FX Carry Trades are; USDCHF USDJPY EURUSD ... in order of skew - lopsidedness. (check the C.O.T., FX positioning, etc.) The Euro most likely being a transient phenomena , much like the ad-hoc, incompetent, protectionist, paradoxically conceived unionist nightmare of a Trans-national alliance which issues it... Not a factor. (The next, not-too-distant Euro-crisis will have to attest to that.) - And, as always, that leaves the Japanese Yen and the Swiss Franc, once again, as the only remaining Safe Haven currencies of any gravitas. Clearly, liquidity is a determining factor here and that leaves the Yen as the only Safe Haven currency with any substantial (i.e. Global) shock absorption potential, as this chart should underline the notion; - As for the Swiss Franc... For one, this Monthly Chart illustrates several of the above catalogued fundamental thesis. Simply put, the USD was an obvious and helluva buy vs. the CHF, ever since following the Euro Zone's Sovereign Crisis where, in crisi-upon-crisis, end-of-the-world situations (such as a Pandemic), the obvious maximum pain-threshold of the Swiss National Bank lies in the 0.8750-0.8800 area vs. the USD. Clearly, that is the area where they are likely to go all-in, given any prolonged future appreciation of the Franc vs. the USD. The rest of the fluctuations in this pair are simply the product of the musical chairs methodology applied as (or rather: instead of) the"economic stability" mandate of the 18 or so Central Banks around the world which may be soon to be the proud parent/owners of 60% of the world's newly socialized, Soviet-style economies. - And, as has been established above, this pair presently being one of the premier Carry Trades. So, what is the play here, if any?... Having established somewhat of a fundamental picture, what are the technicals here? The Weekly Chart; ... clearly shows that the CHF tends to move (or rather: be moved by the SNB) in strait, predictable drives, respecting Quarter Point targets along the way. (OK, so the Swiss are anal. What a shock!) This whole technical picture stands the reason since all movement here, in this no-man's-land, is due to the whole civilized world continuously and relentlessly purchasing the Franc, day in, day out, from sun up to sun down, until the SNB wakes up and decides to push back by running the money printing press to the tune of CHF60-80 Billion at a pop - per month. E.g. There was that textbook ABCD pattern (World buying, SNB printing/selling; Rinse and repeat.), including it's "mandatory" 61.8% retracement. However, after which all potential ensuing suspense was interrupted by the outbreak of the Covid Pandemic, sending the Franc on an immediate 900 pip, +9% initial tear and well before any of the SNB peons could ever make it back into the office. Of course that support zone between 0.875-0.9000 having been in place for the better part of 7 years, no great surprise that it caught that strait, end-of-the-world tear the Franc was on by forcing the SNB to go all-in at that point. (At which point you have also naturally unloaded, with both hands and eyes closed, on the Swiss Franc while front-running the SNB, even if you had to mortgage your unborn children to a local loan shark just so you could short more of the Franc and to load up endlessly on the Dollar, right?! - Good job!) But what if, due to unforeseen circumstances, that initial 600+ pip free-ride was missed, all the way from 0.8750 to the present day 0.9400 level? Now what? First of all, there is a perfectly formed Cypher working here - still on the weekly - with it's C-D leg consisting of an also a textbook 3-Drive, already having cleared the first two Fibonacci levels of it's three legs ... while heading strait for a major confluence(resistance) zone, naturally coinciding with the Cypher's PRZ (Potential Reversal Zone). That confluence zone between 0.9500 -0.9650 consists, at a minimum, of; 2 year, descending Trend Line; The (descending) Monthly 20 EMA; The (descending) Weekly 50 EMA; The 3rd (and final) Fibonacci extension of that weekly 3-Drive; The (descending) Daily 200 EMA; E.g. It is reasonable to assume that this pair will have difficulty to get above that 0.9600-0.9650 level, in no small part due to the already extended +8%, 34 (Daily) period strait rise which would take it up there. Secondarily, it was established earlier that the USDCHF pair is currently in a Major Down Trend according to the Quarterly and Monthly charts, and in a strong Minor Up Trend due to the Weekly + Daily charts. Put it all together and the first leg of this Counter-trend Trade points to a M.U.T. (maximum upside target) 0.9650 . That is the Exit for the First Leg . As for the Entry for the First Leg ; As it happens, this pair has just completed a Bearish Shark (harmonic) formation on the 4 hr. chart with the pair reacting to the PRZ, much as expected. The expected retracement of this harmonic to it's First Price Target around 0.9340 , coinciding with the 4 hr. 20 EMA, is reasonably expected to provide a clean Entry for the first leg of this trade with a very favorable risk/reward ratio. (There are reasonably reliable methods by which to enter trades, such as this up-leg, with constrained risk levels; ... but that's an entirely other conversation.) Finally, put it all together; ... and this is what one is looking for here: The up-leg of a counter-trend(!!) trade; Entry: 0.9327-0.9317; Target- Exit: 0.9560-0.9580; Risk/Reward: 1:17.5; Number of pips: 250; Total expected trading period: 115 hours (4.8 days); The End Game Should chance favor the above plan/analysis/Trade Setup/outcome, that would bring a planned entry into the Primary (trend-wise; Down) Leg the forefront. (One has to cross bridges as they present themselves.) In that case, one would expect a strong and immediate reaction in the PRZ of the (by then) valid Cypher on the weekly chart - which, if valid, is normally a very strong and reliable harmonic. ... and this is what one would be looking for, in that case: The down-leg of a in-trend(!!) trade; Entry: 0.9620-0.9640; Target- Exit: 0.9200-0.9190; Risk/Reward: 1:15; Number of pips: 400-450; Total expected trading period: 7 weeks (~70 days); Note The USDCHF currently being one of the primary carry trades , this pair's trajectory has far(ther) reaching implications for U.S. and Global equity index positioning - also referred to as: Risk On/Off. Furthermore, due to the notable liquidity constrains of the CHF vs. it's peers, this pair is an instructive barometer on which to measure the ever-present state of the global game of musical chairs, staged by the various Central Banks of the world.
Education
by Nemo_Confidat
SXP/USDT : bullish flag and a breakout from resistance zone BINANCE:SXPUSDT Hello everyone 😃 SXP has been formed a bullish flag here, Also SXP had a breakout from resistance zone and bearish trendline. Now we expect a bullish breakout from flag and upward movement to higher resistances. By the way EMAs had a bullish crossover ! 🔴 Below resistance zone will invalidate the movement. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
5
XRP/USDT : Bullish flag and a breakout on current candle BINANCE:XRPUSDT Hello everyone 😃 XRP has been formed a bullish flag on current level and now it's breaking flag's resistance. Also XRP had a bullish crossover on EMAs, Everything is being green for this coin after a while. As current candle is growing, breakout is being more possible. Bullish flag : 🔴 It can be a fake breakout, So set tight SL. There is a high possibility for XRP to retest supports. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
ETH/USDT : Retest on Pivot point and supply zone !BINANCE:ETHUSDT Hello everyone 😃 ETH had a retest on Supply zone ( ETH did this Retest for 2nd time ! ). ETH is moving into Bearish Wedge, But it's to early to consider it as Bearish phase. Now ETH have more space on Funding Rate and makes it more Bullish than Before !! 🔴 As ETH is Above 900$, target is 1350$ or more... Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
LTC/USDT : Critical point, How to trade now ?BINANCE:LTCUSDT Hello everyone 😃 LTC is moving Above a Bullish Trendline and Now it don't have enough Volume to Break resistance. Indicators was Slightly Bullish and now they are Turning Bearish, Above Trendline We're still Bullish... We expect a retest on EMA 50 and Ichimoku cloud but Below Trendline, Will make another Directions For LTC. So Next Candles are very important, If LTC Breaks Resistance Target will be 215$ at Next resistance zone ! 🔴 Watch for Next Hourly Candles, Also BTC is near to FIBBO resistance and Now it's moving Below Bullish Trendline. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
ADA/USDT : ATH Options, How to trade now ? BINANCE:ADAUSDT Hello everyone 😃 ADA has broken 0.25$ resistance zone and now it's moving to ATH resistances. For now we expect a retest on lower support line which is near to Ichimoku cloud and EMA 50 support line. Main Target is 0.32$ above it we will take another long to ATH. 🔴 Below 0.23$ will change Direction. Whole market is in Over Bought zone... Watch for it ! 📍 It could Grow from current point. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
BTC/USDT : breaks ATH resistance on current candleBINANCE:BTCUSDT Hello everyone 😃 BTC is trying to break resistance on current candle right after 4H closes on last hour ! Also we have a Bullish crossover on RSI Volatility, Stochastic Is bullish and MACD had a bullish crossover ( with higher volume this time ). ON overall, We expect another bounces on higher mounts at 30K and 31K. For now our final target will be 31750$ 🔴 If any 4H candle closed below current resistance then we will wait for a pullback above 29300$ or change direction. 📍 Take Positions with tight STOP-LOSS ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
LINK/USDT : Bearish crossover VS support lines BINANCE:LINKUSDT Hello everyone 😃 LINK had Bearish crossover on current candle, It's early to make decision on directions. BUT now, MACD is bearish and EMA 200 rejects movement, So Downward movement is more possible. For now IF LINK break support lines, We can take short on a retest after confirmation ! IF LINK pulled back from current support lines, Then target will be 14.5$ 🔴 BTC's movement will affect LINK, So it's better to wait next candles closes to have a safe trade. 📍 Don't open short before rejection from current support line. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
BTC/USDT : Bearish triangle, AIM for 25K BINANCE:BTCUSDT Hello everyone 😃 BTC Has formed Bearish triangle on 17th December and failed to handle it. But now, There is no more BTC buying from Grayscale at the moment and Funding Is getting very positive ! 🔴 MACD is being bullish on 1H timeframe but it won't last too much... 📍 As BTC is moving into triangle we won't take any side, Wait for break from triangle. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
3
🎓 EDUCATION 1: What Does It Take to Become a Successful Trader?EDU 1: What Does It Take to Become a Profitable Trader? Hello traders. With this post, I am starting an educational series on TradingView unlike any other. We’ll go through all the aspects and nuances of becoming a professional, consistently profitable, and successful trader. Now, those are big words. You have likely heard them from various other sources that claimed to teach you the holy grail of trading or that offered some sorts of “secret indicators” that would pave the way to financial freedom. The truth is, nothing is secretive about successful trading. Thousands of professional traders are consistently profitable, and large institutional traders manage to beat the markets, year over year. The key is learning how to trade the correct way. That’s my trading approach as well: Institutional trading for the retail trader. I have been fascinated by the markets since the early 2000s. I am not only a self-taught trader, but also have an academic background that has helped me tremendously in understanding market forces and applying them in my daily trading. I enrolled at the Faculty of Economics in 2008, finished my undergraduate degree in technical analysis and my Master’s degree in fundamental analysis in the FX market. Since then, I have been following markets daily, created various trading strategies, backtested them, and chose the ones that work best for me. Alright, now it’s time to finally start the educational part. What does it take to become a successful trader? A successful trader is an analyst , trader , and (risk and psychology) manager – all at once. The analyst side of a trader generates trading ideas, the trader side executes the trades, and the manager side manages both the risk and psychological aspects of trading. We’ll go through each of them in this educational series. Trading is not about following technicals all day long. Professional traders and large players in this market don’t buy EUR/USD (or any other pair) when a Moving Average crosses above or below another Moving Average, or when the RSI shows overbought or oversold levels. Forget about trendlines and wedge patterns for a moment (how many times did you catch a fake breakout trading them?) and open your mind to a trading approach that combines: Fundamentals Intermarket analysis Sentiment analysis ...and (the correct) technical tools Those disciplines form the cornerstone of what I like to call the FIST analysis. We’ll use technicals only to enter into a trade after we already have a direction derived from the other types of analyses. So, this educational series will start with your analyst side (FIST), continue with your trader side (process/strategy/execution), and finish with your manager side (managing risks, managing yourself, position-sizing, scaling in and out of positions, etc.). By the end of the series, you’ll hopefully get a completely different picture of trading than you had before. If you find this trading educational series useful, please follow and hit the “LIKE” button. Have questions? Post them in the comment section below. Coming Up: Why Technicals Alone Are Not Enough?
Education
by MujkanovicFX
BTC/USDT : Bullish movement continues BINANCE:BTCUSDT Hello everyone 😃 BTC had a Bullish rejection on EMA 50, so we expect continuation until 19100$ resistance level. Also Stochastic have a bullish crossover now, by the BTC just touched Bollinger Bands lower. On 1H timeframe, indicators are bullish but there's two big problem !! 1st is fear and greed which can cause a crash on whole market anytime ! And 2nd problem is multiple divergence, BTC didn't fix any of them, It just made some neutral movement and then its bounced again ! 🔴 Don't forget to take position with tight stop-loss, Major is neutral and its good time to do scalping ! Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
1
OGN/USDT : next candles will change movement ! BINANCE:OGNUSDT Hello everyone😃 OGN Broke Cloud and some how take hold above it, But its not a sign of Bullish. On daily timeframe, OGN rejected from cloud and Stochastic is touching 100 limit. Also MACD is weak to break resistance !! So its more possible to retest bottom... By the way If OGN breaks cloud and resistance and take hold above them, Then its safe to take long until 0.27$ 🔴Indicators are being bearish also on daily timeframe, there is no sign of bullish movement, So wait for confirmation above resistance to take long Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Short
by Helical_Trades
2
WHAT TOPICS WOULD YOU LIKE ME TO COVER?Hi Guys - all my followers and non followers.. I am getting back to releasing weekly episode/episodes of the ' Art of trading Psychology' in the aim of helping traders get in the 'zone' when trading. Mastering trading psychology is by far one of the hardest aspects in trading yet it is also the one that will drive you to you success as a trader if mastered. I would truly love to cater this podcast to you guys and in order to do so, i need to understand what it is you're struggling with and what you would like to cover i.e - finding taking profit hard? - being consistent - scared to take a trade or uneasy when you're in a trade? - Losing too much? Anything you think of, drop it in the comments below or message me!!
Education
by Malika_Analysis
The Gold Method Ichimoku Weekly ReviewHere is the Weekly review for the week of January 20th through the 24th: Another strange week as the GBP pairs remained in a consolidation. We only took one trade, which was a failed breakout on GBPAUD on Monday for a loss of -27.6 pips. Recognizing and adapting to the current market conditions we became more selective with our trades. By doing so we avoided taking three more losses this week and you can never discount the benefit of not putting a hole in your account. Moreover, we did have 2 trades that came close but did not reach our entry and therefore were invalidated. A huge benefit of using specific entries is that it allows us to have a small stop loss and hence a larger position based (based on risk%). The downside is sometimes, like this week, we will miss trades. So there it is, the first losing week for the Gold Method Ichimoku since we started. Consolidation is followed by expansion, market fact!! Stay Green my friends, Allen
Education
by AGold54
5
The Gold Method Ichimoku Weekly ReviewThis week tested our patience and discipline in the Trade room for The Gold Method Ichimoku. Here is a day by day breakdown: Monday, we passed on both a breakout trade and a MA trade, both of which made money. However, despite the potential result the decision to stay out based on the market conditions at the time was correct. Tuesday, we had a very nice Type 1 Break out trade on GBPNZD which was good for 26 pips. Wednesday, we took a news/MA trade in GBPJPY that we closed flat. Thursday, we had a Type 1 Breakout trade in GBPCHF which quickly jumped up 10 pips, but then unfortunately failed. Friday, While we got teased with a couple of potential trades before UK retail sales, we got a News/MA trade in GBPJPY after that went for 45 Pips. ( I closed my position flat as did some others). However several traders who needed the trade to get above their BFV stayed in and accomplished the goal. Well Done!!! Sincerely, Allen Gold Since I have had several more traders inquire about the book and I hate to turn people away, if you are interested in the book, please send me an email at FXGOLD54@gmail.com
Education
by AGold54
GBPCAD Documentted MA Trade +47 Pip PotentialToday we started with a GBP bullish view but after the GBP pairs pushed down, we set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the confluence of the MA and the 60 KS. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. Since this trade triggered later in the London session only about 75% in the trading room took advantage of either this pair or GUSD. All who got in made money :) Just keep stacking those positive days :) Allen
Education
by AGold54
2
The Gold Method Ichimoku Weekly reviewThis was our Seventh week, and the last of the month, in the Training room for The Gold Method Ichimoku. I need to thank those who took part and for all their hard work and effort this week. With the various news events we were meeting at different times and looking at different market conditions Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders. Here are the quick Stats for our days together: 6 winning trades 1 losing trade Pips won: + 2768 Pips Lost: - 20.3 Here is a day by day breakdown: Monday: We had a Type 1 trade set-up in GBPJPY which triggered, rocked up to our Profit target, closing for 75.1 Pips profit. The trade never saw red Tuesday: We took a news trade on GBPAUD, which did not work out -20.3 Pips but then Had a great textbook Type 2 trade in GBPNZD god for 82.2 pips. Wednesday: We took a Type 1 PB trade in GBPNZD trade which worked out unfortunately we got out prematurely with a +10.7 pip gain. Thursday: We took a GBPJPY Type 1 breakout banking 33.9 Pips and another Type 2 Trade in GBPNZD good for 24.8 PIps Friday: Starting with a mixed market, we patiently waited for the right opportunity. Which came in a MA trade on GBPAUD which we closed for +50 Pips, although it did reach our profit target of 60. Awesome trade that got positive quickly and stayed that way. For the week, since I risk 2% per trade, I ended the week with a 21.08% gain. Another Great week!!! Sincerely, Allen Gold * Remember Monday is the deadline to join the Gold Method Ichimoku. ** And for those who missed it… After I am done with new trader training and starting on December 9th, I will be converting the training room into a trade room for The Gold Method Ichimoku. This will give all members real time insight as to what I am “seeing” in the live market and allow me to further explain concepts. All for the tremendous, outrageous price of Zero, nadda, nothing.
Education
by AGold54
1