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Investroy

The Power of a good Risk-to-Reward ratio. Reality of tradingRisk Management, alongside with discipline, experience and skillset, is one of the keys to unlock the doors of successful and profitable trading. As it can be inferred from the table, even with as low as 40% win rate, it is more than possible to stay consistent and make nice returns, as long as risk management principles are followed. *We used 30 pips Stop Loss and 60/90/120 pips Target Profits as a projection. It does not necessarily signify that 1% risk equals 30 pips Stop Loss, as different pairs have different pip values, price differences etc. Moreover, we determine our Stop Loss based on the amount of capital we are willing to risk on a particular trade, price action, intuition and other factors.*
BITSTAMP:BTCUSDEducation
by Investroy
19
USD/CHF: crucial area of resistance reached. Possible drop soonAs it can be inferred from the chart, the price is currently testing an important zone of resistance. The previous DAILY candlestick has left a nice wick to the upside and closed bearish. On the lower timeframes, it can be observed that a nice top is being formed and the price is preparing to launch to the downside. 0.928 area of previous resistance now turned support that lines up with 0.618 Fibonacci retracement level is our initial target. Safe trades, everyone!
Short
by Investroy
13
Signal Providers vs Confluence Providers “If you give a man a fish, he will be hungry tomorrow. If you teach a man to fish, he will be richer forever.” Except for the actual execution of trade entries, forex signal services perform all of the functions of a robot. A "professional" trader may provide trading signals (for a price, of course) for customers to act on, in addition to maybe employing an automated program. You may, however, be paying for a signal for which you have no idea what the reasoning is or how the "expert" came up with it. You have no understanding what the transaction is based on; all you know is that the "expert" says it's a good time to buy or sell. Finally, you're depending on a third-party source's analysis rather than your own. In a normal forex signal service, the programmer builds a set of technical indicators and rules, which are then followed by the software. If the price action meets the signal service's criteria, the user will get an email or text message with a notification or alert to respond. The user must eventually determine whether or not to take the signal and trade it. While it may appear that you have greater control over whether or not to trade, the signal service is still programmed to follow a set of regulations. If such case was so profitable, why would anyone bother with forex signals in the first place? Instead, they should concentrate on trading with their signals and amassing a fortune for themselves. Now let’s look at evolved way to help traders. Let’s call this group confluence providers. Confluence providers also share the trade they’re taking on; however, unlike “Signal providers” they fully explain the reasoning behind the trade. This group is called confluence providers, because you can usually compare your own bias and analysis with the detailed description of theirs. The picture above can serve as a good comparison between these two categories. Feel, free to share your personal experiences. NOTE: Forex market is full of unethical people trying to steal your money, so use your common sense when something is too good to be true.
BITSTAMP:BTCUSDEducation
by Investroy
11
EUR/USD: fake breakout above 1.098. A possible drop soon?The sentiment of EUR/USD still remains bearish, as the price keeps printing Lower Highs and Lower Lows. This morning, the price managed to spike above 1.098 zone of previous support later on turned resistance, which also acts as the resisting point of the previous lower-timeframe Lower High. However, it was not able to hold much longer above the local zone and it dropped all the way down below it after rejecting the 1.102 area of resistance. Furthermore, as it can be inferred from lower timeframe charts, a mini up-trending channel has been formed. We are expecting for the price to break the lower boundary of it and keep dropping all the way down till the 1.08 area. Happy trading, everyone!
Short
by Investroy
11
USD/JPY: time for a correctional move. Cool-down periodAs it can be inferred from the chart, a massive ascending channel has been formed and the price is currently testing the upper boundary of it. Just like it is written in the books, after a massive impulsive move, a correctional move should happen in order to complete the pattern. We are expecting for the price to form a nice top and drop all the way down till the 116.3 zone of previous support now turned resistance and even below.
Short
by Investroy
9
GOLD (XAU/USD): detailed market outlook and MTF analysisAfter tapping into the zone of all-time high last week, the price of gold has been rapidly dropping ever since. From the DAILY timeframe chart, it can be witnessed that the previous DAILY candlestick has left a huge wick to the downside and closed in the favour of buyers. Yet, the current DAILY candle looks super bearish. It had been forecasted that the price is probably making a correctional move and visiting the area of $2000 before continuing its bullish movements. However, the price closed below that level of previous support and formed some sort of a Head&Shoulders pattern. At the moment, the price is sitting on the $1960 zone of support, and it can be inferred that quite a few nice bearish candles have been printed, which indicates a possible continuation to the downside. If the price manages to break below this area of demand, we can observe a further drop till the next zone of crucial support, which is $1915.
OANDA:XAUUSD
by Investroy
12
EUR/GBP: the massive channel is still holding strong. Next move?As it can be inferred from the graphical illustration, the price is still ranging between the boundaries of the downtrending parallel channel. Taking a look at the current price action and few previous DAILY timeframe candles, it can be observed that the price is nicely rejecting the local zone of resistance and preparing to drop even further. If everything plays out according to the plan, we are expecting for the price to plunge lower and reach the area of the lower boundary of the formed channel. Happy new trading week, wizards!
Short
by Investroy
16
GOLD (XAU/USD): the beast will most likely keep growingAs it can be noticed from the chart, the price has been on a bullish run for quite some time. A nice uptrending curve illustrated on the graph serves as a powerful line of support. Moreover, the price is currently sitting on a zone of previous resistance now turned support. Therefore, we are waiting for a nice bottom to be formed before we can open long positions and aim for the zone of ATH. If the price manages to break below the zone of local support, the idea will become invalid. Happy trading, family!
OANDA:XAUUSDLong
by Investroy
7
EUR/USD: correction time. Where is the next target?As it can be noticed from the DAILY timeframe chart, the price has been dropping non-stop. After a strong impulsive move, a correctional move is needed. Therefore, we are expecting for the price to keep rising in the short run and reach the 1.114 area of previous support now turned resistance. Our long-term bias still remains bearish. Therefore, after the correctional move is completed, we will be looking forward to entering the trade and riding the trend to the downside. Happy trading, everyone!
Long
by Investroy
8
XRP/USD: next stop is JupiterTaking a look at the Weekly timeframe chart, it can be inferred that the price has nicely bounced off 0.52 major zone of support. Could it be a turning point? Will the price skyrocket from here? Only time will tell. Zooming into H4 timeframe chart, we can clearly observe that the price has formed a nice Inverse Head&Shoulders pattern on a zone of previous resistance later turned support. Our short-term target is set at 0.91 zone of fresh resistance. We expect for the price to go even beyond that price, as higher timeframes are super bullish. However, no greed allowed in the markets. Therefore, we are gonna be setting short-term targets and securing profits along the way. Have a great trading week, family!
BITSTAMP:XRPUSDLong
by Investroy
6
USD/JPY: detailed outlook. Zones to monitor115.35 and 115.75 are zones to follow closely and look for SELL positions. The sentiment of USD/JPY is slowly shifting to bearish. 114.7 zone of support was a crucial area from where the price bounced off nicely. A massive bearish candle that was printed last week is another confirmation of the fact that bears are in control. At the moment, the price is approaching a key zone that lines up with 61.8% Fibonacci retracement level. We are gonna be closely monitoring the price action and seeing if the price manages to reject this zone of supply, so that we can go short and aim for the zone of support identified on the graph. If the price manages to continue rising and visit the level of 115.75, then we will be monitoring the price at that zone and waiting for a nice top to be formed before we go short and aim for the same zone of 114.15 support.
Short
by Investroy
8
Journey of a Trader: All of us have gone through this!Good time of the day, dear TradingView family. Happy new month! May March bring you lots of happiness, love, and profits. Today we are gonna be doing a quick reality check and scrutinizing a long way every trader goes through before becoming successful and consistent. All beginning traders get super motivated and excited before beginning this long journey. Instagram “gurus” create false expectations and trick people into thinking they will be making quick profits and becoming millionaires with a $100 capital. Beginner’s luck is real and super relevant in this case. Without having a proper trading plan and a backtested strategy, newbies jump into the markets and start trading full-speed. “Wow, I made my first profits! I can keep going like this and make lots of “Benjamins”. Overtrading, greed and self-confidence lead to a losing streak, panic, anger, and loss of faith. Solutions need to be found, and therefore traders start changing strategies and trying to find a way to the doors of success. They lack motivation and hunger to keep going. They start questioning themselves and thinking whether they should quit or keep pushing. At this stage of the journey, around 90% of beginners give up and leave the markets. The remaining 10% still have hope, so they keep grinding and enhancing their trading capabilities. After some time, they start seeing some progress in their abilities. They start having more winning trades now, and they become breakeven traders, meaning they neither make any profits nor encounter any losses. They stick to their strategy and optimize it along the way. They plan, execute and journal all trades. After a few months, they finally reach the doors of success and profitability. Of course, they do not get greedy or self-confident. Though, they still have losing days/weeks/months, their main focus is concentrated on long-term growth and prosperity. They know that if they keep following their trading strategy, obeying risk management principles and being disciplined, they will always be profitable in the long run. To sum up and to motivate the beginners reading this: if you are going through hard time in the markets, if you do not know what to do or how to make thing work, keep pushing more and more. There is always a golden sky at the end of every storm. Therefore, never feel discouraged, do not give up, and keep grinding. YOU WILL ALL MAKE IT!
BITSTAMP:BTCUSDEducation
by Investroy
27
GOLD (XAU/USD): detailed outlook. Where are we headed next?Taking a look at the Weekly timeframe chart, it can be noticed that the price has been heavily rejecting the local crucial zone of resistance. The previous weekly candle has left a 700-pip wick and closed below the local structure. Zooming into the H8 timeframe chart, it can be seen that the price has formed some sort of a Head&Shoulders pattern. We are patiently waiting for the price to break and retest the $1888 level of support, before further downside movements can take place. The $1845 zone of support will be eyed as the next possible target. Happy trading, everyone!
OANDA:XAUUSDShort
by Investroy
6
EUR/JPY: detailed chart study and the next possible targetOn the left hand side of the screen, we can see the Daily timeframe chart analysis of the pair. It can be noticed that the price has been actively rejecting the ascending zone of support. If the current Daily candle leaves a wick and closes above the local zone of support, it can be expected that the price will keep rising and reach the 131.4 area of resistance on the long-run (and even beyond). Looking at the H4 timeframe chart, it can be witnessed that the attempts of the price to break the 128.8 area of support have been unsuccessful. A downtrending channel has been formed, though we are patiently waiting for the price to break the upper boundary of it and continue its upside movements. The 128.8 area of demand can be visited once again before the price keeps pushing up. Therefore, we will be patient and monitor the price closely before entering BUY positions. Happy trading, everyone!
Long
by Investroy
4
EUR/USD: 50% correction done. Time to drop?The current ongoing war between Russia and Ukraine has been having a huge impact on the USD. As it can be inferred from the chart, the price of EURUSD dropped all the way down and visited the area of 1.113 crucial support. After an impulsive move, a correctional move is needed. The price has corrected till the 0.5 Fibonacci retracement level, and we are now expecting for it to keep dropping and reach the 1.11 Lower Low. Happy trading, wizards!
Short
by Investroy
12
What is going on in the markets? Aftermaths of Russian invasionRight after Russia declared war and started its military operations in Ukraine, the markets started going crazy. Investors started moving to "safe heaven" trades and sticking with "risk-off" securities. GOLD (XAU/USD) is everyone's favourite to trade for the moment, as the price plummeted straight after the escalation of the war. It has experienced a growth of +4.5% so far, and it has more upside potential. EUR/USD, having a strong negative correlation with GOLD, has endured a 200 pip drop so far, constituting a 1.8% dip. AUD/USD, GBP/USD and other highly correlated USD pairs have deteriorated as well. BITCOIN, often claimed as "digital Gold", is still continuing its downside movements, experiencing a 12.6% drop in 24 hours. Sticking to the safe heavens and riding the trend would be the best possibility right now. Also, remember to stay risk tolerant and cold-blooded, as the markets could get really volatile from time to time, taking into account the current situation.
OANDA:XAUUSDEducation
by Investroy
9