Get started

Profits

Another push up on NZDUSD awaits...This mark up is a follow up of my previous analysis on NZDUSD where price achieved our TP level. I am expecting some temporary bearish pullback momentum to retest that area of support that price broke through before we go long again to meet another significant zone of resistance. Great Risk to Reward ratio, SL at the red line and risk no more than 1%, do not be greedy! Always think about your risk exposure whenever you enter trade! HAPPY TRADING :)
Long
by Malika_Analysis
1
Journey of 1000 psychological trading hacks.Join me - to boldly go where 'no man' has gone before. This is the Final Frontier. I take on the big issue - head on. This is the one that is more likely to make the biggest difference to achieving consistent profitability. I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do proper technical and fundamental analysis and make load of money, then everybody would be rich. It's never happened. It ain't gonna happen! I say that our enemies lie within. I say that dealing with the enemies within - by self-analysis, is the path to unlimited gains. AND - it's not just me saying so. Could this be your 'Mission Improbable' or your 'Mission Possible'? The choice is yours. This post is in keeping with Tradingview's text-based analysis guidance
BITSTAMP:BTCUSDEducation
by Captain_Walker
Creating your own Trading StrategySELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Creating your own Trading Strategy "In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets".Whats your Trading Plan/Strategy? Some of the questions you need to ask yourself when creating your own strategy are as follows; How much time during the day/night do you have to devote to trading? How much money do you need to live on each year and how much of that must come out of trading profits? How many distractions can you expect during the day/night? Specify the markets and times of the day you will trade Do i want to trade multiple systems? Will you short sell? or go long? Where will you place your entry/stop loss and target line? How will i monitor my trading results/outcomes? Will i use software or just a simple excel document? Will i need a mentor or will I be self taught? How do I handle losing money? Can i handle being in a trade for more then an Minute/Hour, Day, Week etc? Will i use a phone, tablet or desktop computer to place, check or cancel my trade? How will i improve my trading performance? How did you go about creating your strategy? What steps did you take or follow?
Education
by SMPTrader
DRIP TOO HARD #BLUE BEANZYo what is good everyone back at it again with another chart and I still have a 100% win rate so far and IM NOT ABOUT TO LOSE NOW! As you can see the black line indicates where my live entry is the one hour time frame gave me enough confirmation for me to take a buy on this pair even when I look back on the daily it looks like a reversal is about to occur and also the fact that GBP have a explosive bull rally on other pairs makes me believe its time to buy against the aussie dollar. Anyways this in your hands now do what you will you can follow or don't just know I DRIP WAY TOO HARD in these kinds of markets making too much beanz and im still hungry LETS GET IT. DISCLAIMER AS ADVISED Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
Long
by Tvision
A Potential long NZDUSD awaits...Looking for price to retrace bearish until 0.66018 ( 0.5 fib level) before potentially opening up for a bullish continuation. Last week we saw price move very bullish until the 0.66856 zone where price found resistance and looks like its gaining momentum ( retracing) before completing the move at the 0.67779 zone. Do not rush to enter, always wait for price confirmation a bullish reversal candlestick pattern. If you are more conservative you may wait for price to move bullish then retrace before you enter. SL - 0.65333 ( At the red line) . I Risk no more than 1% per trade. Happy Trading!
Long
by Malika_Analysis
1
THE CLIMB TO BLUE BEANZWas good everyone this is my first chart idea that I'm publishing I have been low key making too much bread on the sidelines lately and I wanted to enlighten you kids on how I make these blue beanz with a 100% win rate. So as you can see here we have four zones and each one have enough spacing to make huge gains with good ass swings so when it passes the zone you know what to do its in your hands I legit have a 100% win rate NEVER LOST A TRADE once yet. Ill be making more charts in the future to help out I'm just getting started its go time. DISCLAIMER AS ADVISED Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
by Tvision
$USDCAD 5 to 1 RETURNSFundamentals... Post BoC rate decision where the bank raised rates by a quarter point to 1.75% from 1.5% initially USDAD strengthened breaking through 1.30 handle only to close the session back above. And in todays session weakened against the us dollar still holding above the 1.30 level. This doesn't match not only the rate hike but the hawkish guidance communicated by BoC... however with the recent 15% fall in the price of Oil from its recent peak (picture in comments) USDCAD has weakened... which makes sense. A stronger US Dollar off the back of weak EUR and GBP due to ECB rate decision today where Draghi tried his best to sound optimistic about the slowing and politically sensitive Euro Area but failed to prop up markets. An important factor for this breakout then is a) Oils next move, does price rally higher or continue to the downside, Technicals suggest while the multi month trendline has been broken is bearish. And B) If USD continues to strengthen as DXY is looking very bullish and getting ever closer to key resistance at 97. For this breakout to really work want to see a strong USD and fall in oil prices, perfect scenario. Looking at market sentiment: CAD shrugged off bullish news and continued to weaken which is important. Could imply sentiment is bearish for this market. A confirmed break and close above 3125 will set up the trade, looking to take profits along the way and tightening the stop loss. With a 50 pip stop loss trade offer 5 to 1 returns.
Long
by AlexClarkFX
1
$AUDUSD LongAUDUSD broke above its multi-month trendline yesterday and closed above on a much larger than expected trade surplus and also Chinese gov report they will support the economy with aggressive stimulus in a "do what ever it takes" approach. This positive news comes at a time when Asia Pac FX is extremely bearish and oversold without much in the way of relief. Trade surplus is important for AUD as roughly 30% of Australian GDP is exports (quite a high percentage) making Australia an exporting nation. A trade surplus actually adds value to the GDP. The report showed how exports had risen 1% and imports fell by 1%. The surplus expected to be A$1.8Bn came in north of A$3BN with the prior revised higher too! In China, Australias largest trading partner purchasing 30% of all Aussie exports, the government announced plans, although not yet specific, to use aggressive fiscal stimulus to stabilize the economy. This comes as a reaction to a slowing economy and falling stock market. Keep in mind tariffs havent even had much of a hard impact yet, as Chinese companies front run the impact of tariff the underlying economy is likely worse than the numbers suggest. Slowing China is the reason for AUD sell off since beginning of year, so China gov decision is net positive for Asia - Pac currency. Hense the 2% move higher y'day for AUD, squeezing out short sellers coupled with USD weakness, but AUD & NZD were higher across the board. Overnight, Sources claim that Trump says he is working with cabinate to plan a trade deal with China which added to AUD gains over night, improving risk sentiment, sending the USD sharply lower and equities higher and bonds lower, but as always Gov officials came out few hours later dismissing the claim. On that basis looking to swing the AUD long, but only in the short term, playing a relief rally... i think longer term as of jan time next year, depending on US-China tensions, depending on Tariffs, midterms and general commodity price index, AUDUSD & NZDUSD continue to move lower. Set up is a pullback to retest the broken trendline as support, fib50 and the 7150 handle and play the bounce up to 23Sep high & 73 handle. Risk to reward isnt great on this trade, roughly 3 to 4: 1 depending on stop size.
Long
by AlexClarkFX
2