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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
XAUUSD net short positionas long as we stay below 1900-1910 i will remain net short on GOLD (XAUUSD) we are due for a retrace back into the 1700 price but with news coming up we will need to really rely on volume inflow, with that being said using a 100 pip stock for a 4:1 swing for me is good RR i will risk 2% on this and will scale in if i see fit, keep in mind even when news comes up market makers can load up net short by running stops to the upside and then pulling the rug causing prices to drop fast and leave long buyers at the highs, most retail tend to trade small time frames, if you want to win more than you lose look at a daily or weekly chart, determine its direction, then whether you are trading the 5m, 15m, 30m 1h, 4h you choose to ONLY take positions in that trend, if a weekly is bearish for example, no matter what time frame you trade the down moves will always be bigger than the up moves which are only considered retraces into the liquidity pools for the market makers to fill orders.
FX:XAUUSDShort
by PipGxd_
USDCAD - Selling the Bounce from the Mirror Level - with mtfa Hi Traders! The market is in a downtrend. Let's begin the mtfa with the weekly Chart. Here is it: As you can see there is a descending parallel channel. The price is also respecting two major Support and Resistance Level. This was the most important things for the weekly. Let's move on to the Daily Chart: Here we can recognize a repetitive pattern. The market makes a down movement, then it makes a correction. Then it moves down again and again a correction. Do you think the market will fall even further? However, we now know in which direction we want to trade: We want to sell . Moving on to the H4-Timeframe: Here we can see a mirror level. This is an explanation for the Newbies: It's a Level which was Support or Resistance in the past and than it became a Resistance or Support after crossing the other side. In this example we can see that the mirror Level just broked down. Last but not least, here is the H1: This is the way you can enter. We see the H4-Breakout zoomed in. Now we're waiting for a Pullback towards the orange Box. Mostly, the price wants to Retest the Break to validate it. The Stop Loss is above the last high. And the TP is at a conservative Level. We recommend to trade the Pullback in combination with a strong candlestick pattern, so you can be sure that the Pullback is over. Thanks and successful Trading :)!
Short
by swissmoneymakers
3
Quick Tip Video - How to Analyze Markets Hi Friends, I've been having many people contact me for questions on what trading advice and how I look at the market.I thought I'd make this short video for everyone to help with your trading. Trading doesn't have to be complicated, especially with all the techniques out there. There are basics everyone should understand but I've met successful traders with various techniques; this is, in no way, the "best" technique out there but it has worked for me and my clients. Feel free to message me directly or comment below on any questions/thoughts you may have. I'm here to help as much as I can. 1. Pivot points 2. Trend lines 3. RSI + other indicators 4. "Look Left" Let me know how I can help. Charles V www.cvfxmanagement.com Trading made simple.
by cvfxwealth
Change your mindset - Dont Trade Forex.... Invest in Currencies I had been looking to do a market breakdown this weekend but to be honest, all the opportunities in the market have already been shared in my previous ideas posted. So instead I am going to share a topic I have spoken to a lot of my followers about recently. The mindset of trading, or should I say investing... because that is really how you need to see it if you want to be able to trade consistently with confidence and conviction in your ideas. Lots of people, especially newcomers to trading and FOREX simply see a chart and make a decision if the line is going up or down. A guess, a gamble. Even though I know we ave all done this at some stage, its not a strategy that will mean you are still successful in 5, 10. 20 years. If you want to make money in this industry you need to have the mindset that you will still be doing this in 5, 10, 20 years. Once you start doing that it gives you a calmness to think though each trade like an investment. So, before we get into this - I will explain the difference between a trade and an investment. - A trade is something you are typically taking a position on leverage and for the short term, a few minutes / hours / days. Typically you are only looking at one only that chart and have a clearly defined exit if the trade goes into loss. - An investment is something you decide to take a position in based on the underlying facts/fundamentals of what you are buying, the price is secondary. You consider more than just that one chart you are placing the position on and are willing to hold it indefinitely whether its in drawdown or not because you know the underlying fundamentals are right for you investment to come good in time. So once you see the difference, which mindset and process is likely to play out successfully in 5, 10, 20 years time? Which mindset is likely to give you less stress while in positions? Which mindset will give you confidence and conviction in your positions? All of this confidence and conviction in your positions is based in knowledge - In this industry, knowledge truly is power! So when I say dont trade forex .... invest in currencies its because the mindset of trading forex is based in looking for quick wins, get rich quick stories and rented Lamborghinis. Whereas investing in currencies is based on the mindset to still be doing the same thing in many years time. Its the difference between aiming to be rich or to be wealthy. The process of trading forex is looking at EURUSD and wanting to go short because of a chart pattern or something you have seen in the chart. The process of investing in currencies is to be looking at the Dollar and seeing strength across a number of different charts involving the dollar such as DXY, USDJPY, GBPUSD. And then also having a separate opinion of weakness in the Euro by doing the same thing and considering the Euro across a number of different charts. - Once you have identified both strength in the Dollar and weakness in the Euro you are able to confidently invest in shorting EURUSD. At this point you have conviction in your position. Please let me know your thoughts in the comments and for more posts like this follow me.
Education
by JoelWarby
12
NZDUSD - LEARN DOUBLE SUPPORT BUY TRADE SETUP - 100% WINWe have explained every point of this trade setup on the chart. What factors affect the trade are also explained here. NZDUSD remains in a strong uptrend since April after a big downfall during a pandemic breakout. We have marked three support zones which give us potential buy entry to trade the pair. Currently, price is moving around 0.66300 levels which is a strong support line to target 0.6700 levels but if price pressure ables to break below support zone we can exit the trade immediately as stop-loss hunting setups start.
Education
by DragonCaptain
9
Hdfclife daily chart had formed a Bat pattern#HDFCLife : Hdfclife daily chart had also formed a Bat pattern and currently trading around its prz zone. This pattern is important because its prz aligned with the important price action resistance at 600 levels. Watch price action carefully in the zone of 595-616. At this time, where the market itself is at critical levels, many leading stocks have similar pattern formation. Take a little challenge and post charts having a bat pattern in place and ask me questions, where are you are finding difficulty in identifying the pattern. Share it for wider participation
NSE:HDFCLIFEShort
by manuagarwal21
1
GBPCHF At Key Area. Two Scenario'sGBPCHF overall is downtrending as you can see on the higher time frames (4H and above). We have added a chart image of the weekly and daily charts below this description. As you can see on the weekly chart, Price in march had spiked down aggressively to form a new all time low for GBPCHF. This can signify a possible aggressive rise in price in the near future. Price had recently broken below a larger range and is now trading within a tight range below. On the 1H we have a clear downtrend towards the bottom of the range and price has failed to break below multiple times. We have marked two scenario's on the chart, however we have a LONG bias on this pair due to price nearing all time lows. Short scenario; If we get a clear break below support, we would like to see price develop a continuation pattern on the 1H or 4H charts to look for shorts. Long scenario; We would like to see price break above the minor resistance (blue line), retest and reject this area with strong bullish momentum candles (engulfing/pinbar) to confirm long positions to the top of tight range and possibly further. Follow us for more analysis and educational content!
Long
by BlueFireForex
New Pine Updates - Line.get_price(), label styles and much moreHello, This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features: - line.get_price() - a function used to get the price of a line object on the chart at a specific bar value - label styles - how to use the new styles added into Pine for your labels I also discuss some other new features such as: - label tooltips - the addition of Candlestick patterns as built-in indicators on the platform - syminfo.basecurrency - timezone parameter when getting a bar's time Thank you!
BNC:BLXEducation
by BigBitsIO
2
GBPUSD Trendline & S/R Break And RetestWe forecasted this scenario on GBPUSD last week and it is playing out exactly as planned. GBPUSD on the higher time frames (4H and above) is downtrending and is currently trading within a range. We have added a daily chart image and a zoomed out image of the 4H below this description. Price had recently broken out of the strong 1.26500 resistance level but rejected higher prices and broke back into the range. Price was in an uptrend towards the 1.26500 resistance level, but has now broken clean below, and is possibly forming a downtrend. Price is now retesting the uptrend line, which is in line with a S/R zone(blue box) and also the downtrend line, which would add more confluence to a short trade if we see a strong rejection of this area. We would like to see a strong rejection of the uptrend line and S/R zone with a bearish engulfing or pinbar on the 1H or 4H charts to confirm a bearish bias. Our 3+ reasons to enter a short position; -Break of uptrend line -Retest and rejection of uptrend line -Retest and rejection of S/R zone -Rejection of downtrend line -Strong bearish rejection candles on 1H/4H Follow us for more analysis and educational content
Short
by BlueFireForex
EURGBP Break And Retest Forecast Playing OutEURGBP has broken above the strong .9000 whole number resistance level and is coming back to retest this level. Price overall on the daily chart is trading within a large range. We have added a daily chart image at the bottom of this description. Inside this larger range, price is respecting levels of support and resistance and therefore has been trading within smaller ranges. Price had tested the .9000 resistance level many times recently, and last week had successfully broken above due to negative GBP data. On the 4H and below, price has lost bullish momentum and is looking like it will fall back to the resistance turned support for either a retest and continuation or a break back inside the range. An uptrend could also be forming and the retest zone is in line with the uptrend line, a rejection of both the uptrend line and the S/R zone would add more confluence to a bullish trade. We want to see price fall back the the .9000 S/R level and rejected this area with a strong bullish engulfing or pin bar on the 1H or 4H charts to confirm continued upside momentum. Our 3+ reasons to take this trade -Break and retest of strong whole number S/R level -Strong bullish rejection candles (engulfing/pinbar) at S/R level -Rejection of uptrend line Follow us for more analysis and educational content
Long
by BlueFireForex