Community ideas
How to Manage Gold RisesGold is likely to continue its upward trend.
And how I have been managing it both as an investor and a trader for the Gold. I hope this tutorial will be helpful for two groups of people:
1. Those who already have some positions and would like to know how to accumulate more, and
2. Those who do not yet have a position but are considering getting in and trading it, though you may be worried about entering at a peak, as gold continues to reach new highs.
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Yes, it works on all timeframes... (ICT Concepts)In this video I just demonstrate a scalp based off of my process of of DOL>CS>Entry, and I do this on EURUSD, which is one of the pairs I have most experience in.
It is relatively simple and everything is explained in the video. If there are any questions, feel free to drop a comment.
- R2F
Australian ASX 200 SPI futures look good if you're a bearThe picture for Australian ASX 200 SPI futures look good if you're a bear.
We've seen a bearish engulfing candle on Wednesday with follow-through selling today, accompanied by an uptick in volumes. Momentum indicators are providing bearish signals, too.
But it is month-end and the price does find itself sitting on the 50DMA, a level that has been respected consistently apart from a period between June and July this year.
Even though price and momentum signals suggest selling rallies may work better than buying dips in near-term, unless we see a close beneath the 50DMA, going short beforehand comes across as a low probability play given prior interactions with the level.
If the price closes and holds beneath the 50DMA, you could sell with a stop either above it or 8200 for protection. On the downside, 8080 is the first level of note, but to make the trade stack up from a risk-reward perspective, 7860 comes across as a more appropriate target.
Good luck!
DS
BUY EURCHF - trade strategy explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.
Deciphering The Mysteries Within A TrendIn this video, I breakdown trend dynamics to help you understanding what is actually happening in a trend. I cover the following:
What is climatic activity?
What climatic activity means for a trend.
How to spot climatic activity with price action.
How to spot climatic activity with an indicator
How to measure trend strength with price action
How to measure trend strength with an indicator
When trading pullbacks, it is imperative to understand strength of trends. You do not want to enter a pullback at the end of a trend.
Google - It Is Bullish Either Way!Google ( NASDAQ:GOOGL ) will follow one of two scenarios:
Click chart above to see the detailed analysis👆🏻
Google just perfectly followed the anticipated bullish break above the previous all time high, the retest and the bullish continuation towards the upside. Even if we see another retest of the breakout level, Google remains in an overall uptrend and the path of least resistance is higher.
Levels to watch: $200, $150
Keep your long term vision,
Philip (BasicTrading)
Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally:
Click chart above to see the detailed analysis👆🏻
Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon.
Levels to watch: $130, $270
Keep your long term vision,
Philip (BasicTrading)
Ethereum - This Is The Last Buying Opportunity!Ethereum ( BITSTAMP:ETHUSD ) is still super bullish:
Click chart above to see the detailed analysis👆🏻
Despite the correction of about -50% which we saw over the past couple of months on Ethereum, market structure and price action is still overall bullish. Ethereum is currently creating a bullish break and retest with a potential move of +60% towards the upside.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)