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GBPJPY continuation patternSo i was going through my jurnal and i find something intresting. I did learn from this that first u cant have ego in the markets and revenge trading is bad. U cant be always right... Second intresting thing that i found out is that this pattern keeps forming in a longer trending markets so something that i will go and backtest and refine my strategy and my trading to keep doing better. Always do your daily rutine guys its so important if u want to be a proffesional trader.
Long
by Lzr_Fx
6
Showing gold the ropesGold - Check out the last posts for areas of buys and sells. The last call "related ideas" was about the level being interesting on a shorter timeframe. We can expect a little push up here, but it won't last long. There's another push on DXY strength. Bullish as a whole - but not overly bullish in the short term. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSD
by Mayfair_Ventures
EthereumHello all, I am very new in the whole trading world and started recently with the whole Technical Analysis side. And man there are soo many information available I just can't keep up haha! Here I think an Ascending Triangle can be seen. The flat resistance is hit multiple times and the more times this resistance line is tested it will eventually fail to hold that resistance level. Second is the rising support trendline. Here you can see the connection of the succesfull higher lows inside the triangle formation. I have also made a prediction for the target price for because of the bullish trendline position. What do you guys think of my TA? There are many rooms for my improvements and I would like to know what these are =) Thanks in advance!
Long
by EETimo
XAU/USD (gold) long idea This is my very ambitious gold trade idea. This may not happen for a while or may not happen at all something could happen that makes this trade invalid before it even starts to develop So with this trade im still waiting for gold to stop consolidating There are 6 main points of this trade. 1st point as seen on the chart Gold respects the "flag pattern" i.e bullish and bearish flag as seen the formation of the flag occurs before number 2 happens 2nd a huge bearish impulsive move making the price of gold plummet from around 1950 to 1850 3rd us the start of the consolidation as seen as well the consolidation is forming the bullish flag that caused a huge dump in the price of gold 4th is the very important zone of 0.5 fib not only that but in the higher time frame there is a solid form of resistance in that area i think this could server as a catalyst to push the price of gold to the downside and continue the bearish trend. 5th is the potential break of the bullish flag this could serve as fuel to the fire and cause long traders to finally switch and turn short this will only serve to push the price even lower 6th as many traders know the price of anything cant just push down indefinitely the price will have to retrace and this is where I think the retracement will end it will test the 0.382 fib zone a solid resistance which was once support and the trend line in the higher time frames. If everything falls into place this trade has a 1-9 risk to reward But we all know trading isnt this easy to be careful guys Comment anything you agree with or anything you disagree with feel free to tell me how stupid my analysis is all feedback is welcomed
OANDA:XAUUSDShort
by HiImMark100
6
👀 TECH ANALYSIS VS STRATEGY 👀 READ ME 👀So... how do you trade? why do 85% of traders lose money? How do you trade? drop me amessage, comment on my idea. tell me how you trade the markets and why? are you self taught or did you BUY a ''forex guru's'' course?! We ALL know that 85% of traders lose money trading on the foreign exchange market, but why? well... think that almost all of these traders are trading the same way! MADNESS! why would you ''follow'' the heard knowing full well that 85% of people trading loose there money 🙈 So What have we created and how it will help you... Our strategy is intergrated on trading view, allowing a smooth transition when added onto your chart, also backed up with 3 years worth of back testing history and tradable on ANY timeframe or pair, this tool is exactly what you need to have your EDGE in the markets. A strict rules based approach also means that your negative emotions whether thats over trading, placing to high of a lot size or placing/closing trades at the wrong time is no longer there! EXAMPLE!!!! here we have EURJPY with technical analysis.. aswell as having both an ASCENDING & DESCENDING trend line, we have also have a strong zone of SUPPORT & RESISTANCE. Now let me guess.. from what you have been ''taught'' this is the perfect opportunity to BUY! we have had some rejection so you entered... before you know it, youve hit another stop loss! Trust me. I've been there... Now... look at the next post on ( TECH ANALYSIS VS STRATEGY ) Look how simple it is... NO technical analysis involved what so ever! stop following the heard.
by congibb