Marketmaker
DeGRAM | USDJPY false breakoutThe market is dominated by bears at the moment. Local downtrend.
There is no update of local veris, there is an update of local lowlands.
A false breakout of the downward resistance was made and I am waiting for a fall to support 109.07
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DeGRAM | GBPUSD long after false breakoutThe instrument made a deep false breakout of the lower boundary of the accumulative flat.
The dollar is falling a little in price,
I think that the pound dollar will rise in price following the euro.
I look forward to growth from the level after consolidation to the resistance of 1.400
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DeGRAM | EURUSD growth from channel support The currency pair begins to work out a strong support level and the tops are updated locally, alignment of the squeeze on the highs and the break of the model.
It is possible that the price can make a deep false breakout of the price channel support and begin to recover in price.
I look forward to growth from the level to resistance 1.20
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DeGRAM | USDCHF breakout or false breakout? The instrument does not roll back after a false breakout, it entered the level retest and stuck tightly to the level.
I think that a buyer appears who does not let the price go lower.
It would be logical to see, after testing the resistance, a pullback of at least 30% of the range.
There is no such thing, so I expect a breakout of resistance or a deep false breakout.
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DeGRAM | AUDUSD keep falling A false breakout of the 0.7335 level gives a slight reaction in the form of a rollback, the instrument enters a retest of the support level.
Under the pressure of the downtrend,
I expect a breakdown of this level and a fall to support 0.7221
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DeGRAM | EURUSD longThe currency pair is trading at the lower border of the price channel, the price rounding is forming, slow, which can be said by a large number of limit orders, hinting at a local change in the trend, which is what I expect.
The global trend is growing, I expect growth in the medium term to the upper border of the price channel 1.235
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How to create a trading strategy?HOW TO CREATE A TRADING STRATEGY?
WHAT IS A TRADING STRATEGY?
Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own
The main idea of the strategy, its rationale
The idea should be rational, based on market patterns that you understand. For example, trading with a trend or pullbacks. On technical or fundamental analysis, with or without indicators
A good trading strategy is not complicated, but simple. A large number of rules makes the strategy inconvenient and understandable for the trader himself.
Timing of trading
What timeframes do you want to trade on?
How much time are you willing to devote to trading?
What time will you trade?
Selection of trading instruments
Pick those tools. which you understand well
The strategy can be both universal (for many tools), and sharpened for specific toolsChoice of tools for analysis
1) When the main idea of the strategy emerged and it became clear how, when and what to trade, you need to decide on the tools of market analysis
2) If the strategy is indicator, then select indicators (from 2 to 5)
3) If the strategy is not indicator, then select patterns, figures of graphical analysis
4) If the strategy is based on fundamental analysis, then it is necessary to decide on which news to trade.
Trade entry rules
Under what conditions will you enter the market based on what signals?
When will you not open a trade?
What orders will you use market or pending?
Exit rules
Stop Loss and Take Profit
Under what conditions do you close a position?
How will you set stop loss and take profit?
Risk Management
Write down the risk per order, risk per day / week / month
(in percent or in currency)
Determine the maximum allowed number of losing trades
per day / week / month
Calculate the volume of a trading position (lot)
When there is a strategy, what's next?
Check the effectiveness of your strategy on the strategy tester or on a demo account
Maintain trade statistics to identify weaknesses of the strategy and remove them
How to create a trading strategy?HOW TO CREATE A TRADING STRATEGY?
WHAT IS A TRADING STRATEGY?
Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own
The main idea of the strategy, its rationale
The idea should be rational, based on market patterns that you understand. For example, trading with a trend or pullbacks. On technical or fundamental analysis, with or without indicators
A good trading strategy is not complicated, but simple. A large number of rules makes the strategy inconvenient and understandable for the trader himself.
Timing of trading
What timeframes do you want to trade on?
How much time are you willing to devote to trading?
What time will you trade?
Selection of trading instruments
Pick those tools. which you understand well
The strategy can be both universal (for many tools), and sharpened for specific toolsChoice of tools for analysis
1) When the main idea of the strategy emerged and it became clear how, when and what to trade, you need to decide on the tools of market analysis
2) If the strategy is indicator, then select indicators (from 2 to 5)
3) If the strategy is not indicator, then select patterns, figures of graphical analysis
4) If the strategy is based on fundamental analysis, then it is necessary to decide on which news to trade.
Trade entry rules
Under what conditions will you enter the market based on what signals?
When will you not open a trade?
What orders will you use market or pending?
Exit rules
Stop Loss and Take Profit
Under what conditions do you close a position?
How will you set stop loss and take profit?
Risk Management
Write down the risk per order, risk per day / week / month
(in percent or in currency)
Determine the maximum allowed number of losing trades
per day / week / month
Calculate the volume of a trading position (lot)
When there is a strategy, what's next?
Check the effectiveness of your strategy on the strategy tester or on a demo account
Maintain trade statistics to identify weaknesses of the strategy and remove them
DeGRAM | GOLD head and shoulders patternLast week there was an attempt to break through the downtrend resistance level, but the attempt was false.
The instrument was returned to the level and at the moment the price is consolidating under the resistance.
A head and shoulders pattern is forming,
I am waiting for the breakout of the pattern support and the price decline down to the level of 1764
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DeGRAM | EURGBP false breakoutThe currency pair tried to break the trend, but prices quickly sold out and returned to the trend level of resistance, under which savings are now forming,
I think that the currency pair will not be able to renew its top and the price will fall even lower to support 0.847
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DeGRAM | GBPJPY shortA downward price channel has been formed, and at the moment the price approached the resistance.
Buyer's pressure may prevent the channel from going beyond the channel and changing the trend, because there are key points at the bottom to which the price goes.
I'm waiting for the fall after working out the level.
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DeGRAM | EURUSD growth after false breakout Last week, the Eurodollar approached the lower border of the strong trending support level, which had not previously been broken through even by false breakouts.
Below the support there is a level formed by a low of 1.17.
Global growing trend.
The price movement is consolidating at the level,
I think that a deep false breakout beyond 1.17 is possible and I am waiting for the price to return beyond the level, after which it will rise to resistance.
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DeGRAM | BTCUSD longCryptocurrencies have positive news that makes buyers act with their prospects.
They are trying to redeem the instrument and restore it in price.
I expect growth to the upper border of the trading range - 41,000
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DeGRAM | AUDJPY short The currency pair is in a downward price channel and is trading at the moment near the upper border.
I think that the selling pressure is making itself felt and the trend will not just change to a bullish one.
I expect a test of the upper boundary and a fall to support 79.85, formed by the lower boundary of savings formed in January 2021
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DeGRAM | EURJPY fall after false breakout The instrument is in a bearish trend. The price did not quite reach the local minimum - 128.3 and allegedly reversed, but this is most likely a deception by the market maker, buyers entered the market, seeing a reversal and from the level of 130.5 I expect a false breakout and a continuation of the fall to the key point 128.3
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DeGRAM | AUDCAD short After consolidation, the instrument breaks through strong support.
The price will fall strongly after consolidating below the level.
Empty area for strong movement
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DeGRAM | SILVER in accumulative flatAfter consolidation, the silver breaks through accumulation and forms a sideways movement lower.
The price has switched to the state of the accumulative flat again.
I think that the trend can continue until the moment when the support is tested, therefore,
I expect that for some time silver will be trading in accumulation and there will be a breakdown, the price will fall to the level of 24.00
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DeGRAM | GOLD shortAfter exiting the channel, the impulse, as such, did not follow, which means there are things that prevent this, the price was brought back under the trend support level and gold is consolidating at the moment.
I expect a fall after consolidation to strong support formed back in May 2020. Price - 1765
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DeGRAM | USDCAD growth after pullback The instrument rolls back to support after testing a strong resistance.
The breakout of the long-term price channel was made earlier and the price confirmed the trend change.
I think that after a pullback and consolidation, the price is more likely to continue its growth to resistance 1.29
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