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Strong ressistance or possible upport line The red line is strong resistance. However we see that trend line was broken. Thereby I would way for the confirmation of the trend - retest from the red line either to the down side of upside. www.tradingview.com Here I described the possible scenario. If price wil get lower than the highest low -> SHORT If price breaks the resistance leve and retests -> LONG I am making this analysis first of all for learning purpose (as I am newbie in trading) and encourage people to do their own reasearch. Also, I will be happy for comments if I made mistakes.
by buenurbur
Gut Felling in trading. How long it takes to " feel" the market?I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or cannot it explain it at all. I say to them the explanation behind is a much simpler one. Gut feeling in trading, most of the cases, is nothing else but subconscious pattern recognition. There is nothing magic here, it is simply related to how the human brain works in day to day life. The trader looks at his screen for thousands of hours. Every day, he tries to analyze the price movements, while the brain stores the information in an abstract way into neural maps. Millions of neurons fire and wire together and create complex memory banks which include associated emotional responses. Day after day after day, these memory banks are reinforced and restructured until the neural maps are hardwired. This process is all subconscious. The part which is even more interesting is the way the human brain retrieves the needed information stored in those complex neural maps. This mechanism is also done subconsciously and this is why many label it as “gut feeling”. So, when a trader instantaneously “feels”, in an apparently strange way, what he should do when he sees a particular market event, his brain has subconsciously identified a store pattern. You may ask yourself: So what? What difference does it make knowing this? I say it makes. When you understand how your brain works you should also realize that you have at your disposal an extraordinary working instrument, but this will not guarantee your success by itself. Those neural maps need quality data. Programmers are accounted with the saying “garbage in garbage out”. It’s the same with the human brain. If you don’t put the true intellectual effort in your day to day market observations, if you don’t approach what you see from multiple angles, if you don’t analyze your own emotional reactions, then your neural maps will be built on superficial data. You will only reinforce all sorts of ineffective pattern recognition processes, no matter how long you stare at the screens. By contrast, if you do it right, your “gut feeling” will evolve and become very valuable. Evolving as a trader is not only a function of how much time you spend trying. What really matters is what you are really doing and how you are doing it. This explains why so many traders cannot become profitable even after years of trying. They are caught in inefficient and superficial ways of looking at the market. So many retail traders rely exclusively on technical patterns. They don’t understand what really moves the markets and how those patterns are formed. They spend years and years switching from a technical indicator to another, without realizing they are unconsciously accumulating only superficial data. Some realize the trap … most don’t
OANDA:XAUUSDEducation
by Mihai_Iacob
7
GOLD ANALYSIS (15YO TRADER)WEEKLY- I set my timeframe to weekly so that I can set my area of support and resistance. and also to see what is the current market stage is and it is currently in its Distribution stage. Daily- I set my Timeframe to daily so that I can start predicting what will or where will the market go. And based on my analysis the market is in its resistance and also on a downtrend. I can say that it continues and push lower. 4h- I set my timeframe to daily so that I can confirm my analysis on a daily timeframe, and it formed a descending triangle that indicates a high seller pressure. The triangle is formed just above its resistance and it might break soon. I will put my short position after the market pushes lower and go back below its resistance. I will put my SL just a little bit higher so that I won't be stoped. (not a Professional)
TVC:GOLDShort
by fancybigboss
2
GBP/USD analysis (15yo trader)based on my analysis, the trend might go to an end because the market has reached its previous swing point (4-hour timeframe). after further observation, the market has formed an accumulation in that area(4-hour timeframe), which means that there is selling pressure and sellers are unlikely to give up. I will open my position for short after the market break its support on 4 hour chart and after it breaks its previous swing point. if it shows a strong bear candle after it breaks its swing and resistance point/area I will assume that it is a false breakout and might continue to fall. if the candle continues to fall and go back to its previous S&R I will go for short because it will continue to fall due to the high number and powerful seller. I can say that the seller is more powerful because they pushed the candle down.
Short
by fancybigboss
Cekalkan hati...belajar dan terus belajarSalam semua...maaf lama tak update...aku sedang merehatkan mental setelah bersiri kerugian yang dialami...Namun aku tak segan untuk menyatakan yang aku juga pernah rugi! Rugi dan untung adalah salah satu cara kita belajar dari pengalaman. Dan aku juga terus belajar dan terus untuk memantapkan teknik yang aku sendiri belum lagi kuasai sepenuhnya. Jadi aku kongsikan la sedikit tips malam ni ye..Memandangkan korang2 pun nak sama belajar jugak..so aku kongsikan je ape yang aku tau ye. Dan please terapkan dalam kepala tu bahawasa nya tidak ada mana2 tips pun yang terbukti berkesan melainkan orang tu guna cara yang betul dan baca dengan betul. So untuk newbie dieluarsana yang macam aku. Korang boleh mantapkan cara korang buat analisa ni dengan indicator yang aku berikan ye. First sekali susun indicator korang ikut susunan seperti berikut: Selepas dari carta harga: 1. DMI indicator 2. Stoch RSI 3. RSI 4. MACD ni je 4 indicator yang aku susun untuk aku baca chart. Tujuan susunan ini aku dah study supaya dapat entry yang betul kenapa? 1. DMI Dengan DMI korang dah tau korang patut masuk kaunter tu ataupun tidak ye...korang boleh study sendiri cara guna DMI. Kat DMI ni...pastikan dulu ADX line tu atas line 25% (atau 20% ikut tekak korang) yang memberi makna kaunter keaktifan yang tinggi. Lepas ADX atas 25% korang kena pastikan yang garid +DI berada diatas -DI yang bermaksud kaunter tu tengah updtrend. Dapat permulaan persilangan lagi terbaik ( +Di bersilang naik keatas -DI). JIKA ADX atas 25% dan -DI berada atas +DI itu bermakna korang kene tunggu die bersilang. Jangan gopoh. (Aku dah tandakan A) dekat A tu adalah EP (entry price) yang selesa. yang aku tandakan A1 tu kurang selesa dan korang kena hati2? kenapa? sebab dia adalah no. 2. 2. Stoch RSI Bila korang berpuas hati dengan DMI tu korang kene tunggu point SRSI yang paling dekat dengan ruangan oversold. Ini keadaan yang selamat untuk masuk iaitu A1. B1 adalah harga berada di ruang overbought. So ruang untuk die naik lagi tinggi dah tiada. Paham kan? so kena hati2 disini...masih boleh untung tapi risiko die tinggi sket. 3. RSI Bila DMI dan SRSI dah mantap...RSI pun akan menunjukkan momentum harga menaik..Jangan lupa juga pastikan garis RSI tu berada diatas garis 50%...tengok dekat point C1 dan C2..RSI terus menjunam nak masuk keruangan downtrend dalam RSI disokong plak dengan point A2 (-DI dah bersilang atas +DI) dan B2 (harga dah masuk ruang oversold) 4. MACD Ini indicator yang aku takle explain dalam chat tv ni sebab aku punye masih akaun free ye heheh..korang kene guna dalam klscreener..byk indicator boleh masuk. Tapi sebelum tu pastikan korang tukar setting tv ni dan tutup 'extended day intraday) barulah korang boleh dapat chart dan analisis yang sama dengan klscreener. MACD plak korang kene pastikan yang garis biru akan bersilang atas merah dan bar die akan menaik. Kalau tengok dekat point B MACD die menunjukkan die akan menaik dan tiada tanda die akan menurun) manakala dekat point B1 die dah halfway menaik..anytime bole menguncup dan line merah akan berada di atas biru. (korang kene tengok kat klscreener ye). Jadi aku menjangkakan harga akan terus turun disebabkan tanda2 diatas dan mungkin sampai ke garis support 0.175 atau lebih teruk lagi 0.15. masa ni korang kene mula balik proses diatas. Ok itulah saje untuk malam nih...harap2 dapatla membantu korang untuk terus menganalisis. So jangan harapkan ulasan ini 100%..namun apa2 pun kite kene ikut trend..bukan trend ikut kite. selamat mencuba! #takkayatakpejanjihensem!
A
by leuz
APA YANG NEWBIE PERLU TAU MENGENAI TIMEFRAME?Salam semua..rasanya dah lama aku tak update secara konsisten. Salah satu sebab mungkin emosi tengah down masa berita mengenai 'darurat' tu keluar. Masa tu aku dah setup bebaik entry aku. Namun loss yang aku perolehi. Tapi takpe..aku teruskan juga usaha aku ni. Kali ni dengan mood yang baik aku dah setup entry pada hari ni. So mood aku ada baik sket hari ni. Harapan aku takde la apa2 lagi berita ngarut dari ahli2 politik nih. Statement dorang boleh mengganggu ketenteraman Bursa Malaysia ni. hehe. So entry kali ni aku nak cite sket la mengenai timeframe yang korang yang mewbie ni patut amik tau. Terutama nya time frame mane yang nak guna. Tips aku mengenainya ringkas saje. Kalau korang memang fulltime trader...tengok la time frame 1jam ke bawah. Kalau korang ni bekerja macam aku, gunalah timeframe daily sahaja. Huraiannya, bile kite sebagai part timer nih. Daily chart tu tidak akan mengganggu gugat keputusan kite yang ingin pegang launter tu dengan lebih lama. Bile chart dan indicator dan cun pada daily chart, kite hanya perlu follow je. EP pun tak kisah kat mana2...(yang terbaik boleh cari EP level dekat hourly time frame bile kite main daily timeframe). Jangan sesekali korang follow indicator hourly atau 30min kalau korang tu part timer je. Tak sempat korang nak beli n jual kalau tiba2 ada miting ke...nak masak ke...anak nak susu ke...bos suh buat minit ke...korang akan lebih tenang menggunakan daily timeframe. Hourly time frame tu sesuai untuk yang intraday / further confirmation etc. Tapi main signal korang kena la ikut dekat daily timeframe. Tak caya korang boleh cuba!
MYX:KANGER
by leuz
9