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Learntotrade

Keep charts simple... Dont let them fool youORANGE ARROWS - SUPPORT PURPLE ARROWS - RESISTANCE Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance line... Come on people it really doesn't take a genius to work this stuff out! Find a strong area/zone of support and resistance, place them on your charts and price will respect them time and time again for years to come, this gives you a head start over the market, you see peoples charts that look like an artist has thrown up over them, charts with more lines on than a table at a wall street office party :p.... These indicators only confuse you and stop you seeing what's going on, look at our charts they are nice and clean and you can spot setups easy. Keep it simple and you will succeed, confuse things and the market will destroy you.
Education
by Apex_Gregg
Xau/Usd at channelThere has been a long bullish trend in Xau/Usd and the price is now at the moment in the weekly resistance zone and also soon at the top of the channel. That means we could see a potential pullback to 1296 zone where the latest bullish push was, where the price also broke daily resistance that is also the reason why i possibly see the price dropping, cause when resistance has broken it should also be retested (of course not always)to see its holding. However, to go short price action should show some exhaustion in this resistance zone. Tomorrows Gross Domestic Product, FOMC and Fridays NFP could increase Dollar strength and potentially start the selling phase this week. Otherwise, if bulls successfully capture the zone price most likely will continue to 1350 without seeing much exhaustion on the way.
FX_IDC:XAUUSD
by Keylevelfx
How To Accurately Enter Reversals!...In the chart above we are looking at the AUD/JPY pair on the 12hr. To precisely enter successful reversals we need to maintain a very strict trading criteria in order to benefit the most out of our reversal trades. Questions we need to ask before entering a strong reversal: - Who is in control of price? - Have we reached a strong area of Support/Resistance? - What is the candlesticks telling us? - Is the trade worth the risk? - Is there confirmation? The Answers For This Example : + The Bulls are in control of price - We have seen from the beginning of the New Year, the Australian Dollar increase in strength in the last few weeks. + We have reached a strong Monthly S/R zone which price has had difficulty in the past breaking through. + Candlesticks formed an Indecision candle after testing the ZONE twice. This tells us the momentum of the Bulls have significantly slowed down and we could see the Bears take control of the market. + Our risk to reward ratio is 5:1. We maintain a tight stop loss with reversals as the markets are not in our favour. We want to be out of this trade as soon as possible if the trade goes against us. Mitigate our losses, maximise our profits. + WE WAIT for confirmation. The highest reason why traders lose out on beautiful reversals is they do not wait for confirmation, or they miss the confirmation. Confirmation is very important and can determine the difference between a winning trade and a losing one. The confirmation we wait for is a CLOSED bearish red candle. As we are on the 12hr timeframe. We will wait 12 hours for the candle to close. If a bearish candle forms we will enter this trade as it gives us confirmation that the Bears have taken control of the market. ------------------------------------------------------- Happy Trading. Juff
by TheRZA
GBPJPY LONGTrade had broke the resistance which then became the new support and then retested it. It since then started rising I believe the trade will go up towards the trendline area, which I personally set take profit. The next decision happens from around that area whether it will break or respect. If it breaks the trendline and closes above then I believe that it could possibly go higher to the next key area whereas if it respects the trendline it could just be a lower high and will drop after that point
Long
by Kyson
USDCAD IDEAMy thoughts on two alternate ideas: IDEA 1 - If it breaks the support zone and the trendline it would go lower to the next zone which is either at the 38.2% or around the 61.8% on fibs (that's more long term those levels as I did the fibs a bit wider, however even if I did a smaller fibs the zones I drew out will still be around key levels). IDEA 2. If it instead respects the trendline and pretty much the support zone then it can go to test the resistance zone. Also I did a counter trendline as that could be a possible confirmation for it to go higher plus a possible entry once it breaks and then retests. If it gets to the resistance zone at the top, breaks wait for the retest there and there's a good possible entry. When it does break the zone that's when you drop down to the lower time frames to get more precise entries on the retest
by Kyson
Possible GJ Sell Idea!Looks to me that the GBPJPY will struggle around the resistance heavily as it has tested it multiple times already and hasn't broken through in the past. Who knows though maybe it will, you can never know? However more likely a sell looks more like a viable option, dropping heavily all the way to the 61.8% on the Fibonnaci which is a key support zone also. On the way down there is a second possible trade entry also midway at the first support zone, in case you get in late but wait for the pull back once it breaks the zone. Yet again it may not break the support and then test the resistance again, so who knows? But overall, as I see it right now it looks like a very good trade.
by Kyson
Real Price vs Heikin Ashi PriceHi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3
BTC We picked the RALLY, now let us show you how to PROFIT from In our first post we said BTC had shown its first REAL Bullish signs and we needed to be patient. The bullish run is now confirmed with us also above a long Term Trendline. This is where trading skill and experience comes in. The longer it goes up, the stronger it looks the more the amateur wants to buy it. But the more the professional knows that price us getting closer and closer to a pullback and must learn from watching his wife shop for shoes, and wait for a better price. So we are waiting for some of the existing buyers to take some profits and turn the market down. A pullback to our 6913 level (Black Line) and the 50ema (Red Line) seems most likely at this stage. Then we will look for a buying bar in our time frame and look to enter. I will talk you through this as we go. (I do aplogise for no recent posts a bit of a bug has kept me in a different room in the house). The time is coming for profits to return to BTC traders. Be a bit more patient wait for the best entries and give yourself the best chance to join the party. Trust your TA that’s Technical Analysis not Technical Poop or Technical Meditation or any other hyped up Darkness. Just trust the Analysis and be patient and start and make some money. Remember if you want to make Dollars your decisions need to make sense. If you want that to happen Likes are nice, but FOLLOWING is how you get the best information first. Chill
BITFINEX:BTCUSDLong
by DollarsNSense
2
Soy Crush Spread at its EXTREMEKeep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread! What do you need to do to sell this spread? To sell this spread you have to make 3 transactions: BUY 1 soybeans contract SELL 1 soybean oil contract SELL 1 soybean meal contract Why do I see numbers in front of the chart symbols? You can see different numbers in front of the contracts like "2.2*ZM1!+11*ZL1!-ZS1!" because of the different multipliers in the futures contracts. Of course, you also make this trade with CFDs, in this particular case you need to have positions sizes with a similar nominal value
CBOT:ZM1!Short
by Tradimo_Official
1
HOW TO TRADE CONSOLIDATION The short answer: DONT. I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish on this particular pair. Now remember when you are trading you want to be able to identify and execute your trades where there is likely to be a large amount of buy/sell orders (particularly 'smart money' orders however this is a lesson in itself) and if price is just moving sideways, how exactly will you be able to do that? The answer is most likely you most likely will not be able to. The trick with trading consolidation is being able to stay patient and let the masses fight over a measly amount of pips while waiting for the market to show you the direction it is heading next. You will be able to identify this when price clearly breaks the current consolidation either to the upside or downside. When this happens after a long period of consolidation, you might notice it does this with tremendous strength (I like to picture this as the market 'coiling' up before releasing its stored energy to either the bull or bear side). Now the question you should be asking yourself after that point is ''How can I now take advantage of this potentially newly formed trend?''. Instead of just getting long or short as hell after seeing a breakout, I like a little more confirmation before putting any of my capital at risk. This usually comes in the form of a pullback to the first potential lower high/higher low after the breakout has occurred and this is usually where I look to place an entry if my strategy signals to do so. Hope you were able to take some value from this mini lesson, let me know in the comments or PM me if you want more short lessons similar to this! Have a great trading week.
Education
by joshdonoghoe
1