Get started

Learntotrade

Sell signal from price actionThe engulfing bar is a great signal from price action. Notice the inside bar false breakout pattern on D1 time frame. This is a good example where the support was broken and tested from the under side as resistance and a sell signal from price action completed. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSD
by Cmasterza
4
Quick Tip for Traders: (Please Read)In the past I've often left trades and forgotten I had them open. It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes. Now lets say you place a trade, entry after candle close, from a level of support or resistance, test/re-test, pullback, breakout etc. Main priority is to establish the risk which I either make tight which is dependent on the trading environment (Trending) or if I'm going to hold the trade for a long time then SL below previous low. Followed by how much profit to take. Let's say the market is likely to increase 200 pips, I personally would make sure my TP is is around 20 pips under. Then, for joining the trade, I make sure almost every trade is made on either 1 hour chart or 15 minute, because pullbacks are more defined if you're able to establish the trend. I only use the 5 minute chart for re-entry if I've missed an opportunity. If I entered at 1.20514, I would be in around 60 pips profit. The beginner idiot me would have left the trade and done something else. It's important to establish if you're in profit, pips are like points that you score in a game. You play tactically and defensively to score as many points as possible, so if you place your SL at say 30 pips in profit, if the market turned on you, you'd close out in profit rather than a loss, in which case you'd now be running a risk free trade. Obviously, as the pips stack up, naturally you'd increase your SL in profit as well. So I hope this tip is helpful and improves your trading and limits your losses. Have a blessed day!
by UnknownUnicorn2215917
2
GBPUSDFollowing the brief sell off the week before, sellers dipped their toes towards 1.2000 and failed Buyers spent all last week slowly pushing though and break through two levels (marked Resistance Level 1 and 2 on the chart). Seasonal wise, we have approached a point where the weighted and all-time seasonal trends diverge Given how oversold GBP is on all the charts, I will continue to look for intraday buy setups (mainly in the crosses) ensuring to trail stop losses tightly The COT positioning is such that all pairs are gearing for a massive short squeeze. A clean break of Resistance level 3 and expect the flood gates to open. This is also the area where to take the safest buy trade
Long
by JB_FMO
USDCAD H&S (Right Shoulder)Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern. On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the support: The exchange rate on the the daily chart also shows no signs of making a new high:
Short
by UnknownUnicorn2215917
Who am I? Identify who you are. (USDCAD short)This entire time I've been trading, I've done my own analysis, I've bagged bare £'s, but if you go to my previous analysis's, bmt I'm talking like some next articulated professional don. I trade from my bedroom not for some bank, my analysis is simple and should be easy to read and understand. It's kinda mad now because I have the mindset of a trader, I tend to have this new trading lingo but more time I'm just talking about a couple of lines and a few patterns and how price relates in a certain environment, I also think of myself as this trader and that's it like there's no more and only live as a trader but tend to forget who I am. I forgot my personality and what type of person I am & tbh I think knowing who you are will help you identify what type of trader you are as well, like they're both linked if ygm. Coming to the realisation, trading is a skill, that shouldn't take over your whole life. It's a lucrative income that when you know how to do it, calm. Money come long with practice. Make time for other things as WELL! Just airing my thoughts, have a blessed day my G's!
Short
by UnknownUnicorn2215917
EUR/CAD - Juicy Little DivergenceWe've got a bit of a strange one here today... EUR/CAD is shaping up for a near textbook bullish divergence pattern AND it's sitting on a long established S/R zone (defined by my S/R algo - see the Related Ideas). Why is that strange? Well, basically because EUR is so weak at the moment. It's just broken multi-year lows, so unless that's a false breakout (which is a possibility, I guess), EUR should head lower. Generally I like to trade a strong/weak pair, and trading weak/weak pairs can result in some indecisive action (see basically all of 2019 for EUR/CAD). Anyway, this is a textbook trade for me, so I'll be taking it - BUT, as always I'll be waiting for confirmation. We've already had a perfect touch (a few days ago) of the S/R zone just below current price, so all that's left is to wait for price confirmation. There's lots of things you can look for here, but in a nutshell you just want to see bullish strength. I'll keep an eye on this one over the coming days and see how it develops. Profit targets are a bit hard to define because EUR/CAD has been stuck in a sideways movement for months. So I'll be going with the next highest S/R zone at 1.53793 (always remember to leave a pretty wide buffer around these zones). That would be a 700+ pip movement, but would/will likely take months to play out. If that works for you, great. If not, potentially look at riding the zig zag upwards. All the best! DD
Long
by DreamsDefined
2
NZDUSD Long 3 to 1 or more - USD WeaknessHello all - DuncanForex here with another trade idea With USD starting to realise weakness across the board EURUSD has flow higher Whilst GBPUSD has continued sideways due to GBP weakness EURUSD is doing well and continuation entries have supported this driving higher today. XAUUSD is a winner if you are in it (I'm not due to an overnight retracement taking me out before flying higher today :-( - however that is the way it goes. With NZDUSD _ I am looking for this to head higher on sentiment news (Unemployment rate and Employment change) and catch up with all the other XXX USD bullish price action So I hope you're in it DuncanForex.com is now live I look forward to seeing you there
Long
by UnknownUnicorn483829