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Gold (XAUUSD): Bearish Continuation?Gold has broken structure to the downside, and returned to the OB that impulsed down. It maintained the high of the OB, and dropped. This indicates price is maintaining the bearish momentum. Now, price has formed a bearish OB, and presents two scenarios for opportunities. Check them out with me. Are you going long or looking for shorts? Leave me a comment on your bias with Gold! Thanks for your support. Don't forget to LIKE if you find my analysis beneficial, and want to see more.
OANDA:XAUUSDShort
by RT_Money
1
Order box trading This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly 20m, then 30, and then 50. This "blurr" will form what we call the order box. Now, what happens? All of the orders will not go to reality. maybe only 70% will. Then, when the price touches this order box area, the price will bump again as a consequence of all the underlying orders. This is what you see at the "support order box". Same thing at the top. Steps to spot these: 1, find the "blurr" 2, watch for confirmation (aka = second time it touches) 3, trade the 3rd, or 2nd if u are brave, it touches this box. 4, place stop loss just above the box But what for take profit? Place it in either the other side of the box, or eventually, at 0,618 of Fibonacci. I use this to trade with the trend and not against it. Questions? Ask them in the comment area :D
Education
by Spketss
4
Moving Averages - Effective Settings for Day TradersHello Traders, In today's lecture I'm explaining how to use Moving Averages effectively on smaller (1hour) time-frames. Moving Averages can be applied to all assets including Forex, Stocks, Crytpos, etc.. Please note that Moving Averages are a lagging indicator which means they print on screen after price action has moved. They by no means are a leading indicator. Your most leading indicator will either be price-action itself or correlating assets. If anyone has any questions about Moving Averages, feel free to leave your comments in the comment section below. Trade Safe - Trade Well ~Michael Harding
Education
by Michael_Harding
USD/JPY Bullish short-term gainsUSD/JPY has hit four-month highs amid optimism on trade and Brexit. Mid-October's daily chart is painting a bullish picture. China has reported the slowest growth level since the 1990s – an annual increase of only 6% in Gross Domestic Product in the third quarter. The world's second-largest economy continues experiencing a slowdown . Ultimately the bigger picture is of a slowing global economy, and that points to falls in USD/JPY. Upside momentum on the daily chart and has crossed the 108.50 level – which was a considerable resistance line, now serving as support. Resistance awaits at the 109-109.10 region Looking down below 108.50, the next cushion awaits at 108.15, which limited USD/JPY's gains in late September. Next, 107.50 Follow HuracanFX™ LLC Telegram : t.me Facebook : www.facebook.com Instagram : www.instagram.com Twitter : twitter.com Youtube : www.youtube.com
Long
by HuracanFX
GBPUSD - Long = Compound Trade entries - Awesome 24% growthHello all - DuncanForex here with a continuation compound trade With my first entry hitting TP this morning, I am looking to get more entries now on the next cycle higher Trades 1, 2 and 3 entered this morning at 1.2070 along with GBPJPY Trade 1 TP Hit Trades 2 & 3 Stop loss is now at entry point of 1.2072 - to take into account swaps. Entries, 4, 5 and 6 are on a buy stop at 1.2095 area Take Profit targets I have added to this chart to show what I am aiming for overall Trade number and reward vs risk ratio 1 = 2 to 1 2 = 3 to 1 3 = 4 to 1 4 = 3 to 1 5 = 5 to 1 6 = 7 to 1 Risk profile of 1% per trade Overall Risk at any one time = 3% as first trade is already TP. trades 2 & 3 are at break even before second 3 trades opened. Total capital growth if this plays out is 24% Risking 6% overall of capital with only 3% of it at risk at any single time (3 trades opened with 1% each) I hope you find it interesting Head over to my website to join and learn how to do this yourself Cheers Duncan
Long
by UnknownUnicorn483829
Education post 9/100 – How to trade double top pattern?The double top pattern is one of the most common technical patterns used by Forex traders. It’s certainly one of my go-to methods of identifying a potential top. Just as the name implies, this price action pattern involves the formation of two highs at a critical resistance level. The idea that the market was rejected from this level not once, but twice, is an indication that the level is likely to hold. However, as simple as that may sound, there are a few critical things that must be present for this topping pattern to be useful (and profitable). By the time you finish with this lesson, you will know exactly how to identify a double top as well as how to enter and exit the pattern to maximize profits.
Education
by GroundStoneHoldings