As traders, one of the biggest challenges we face is deciding what factors to consider when opening a trade: should we base ourselves on charts, news, macroeconomic data? Many opt for a combination of all these elements, and although all traders go through the same stages, there are different routes to success. The problem with following the crowd is that you end...
🔍COMP is currently in a consolidation phase on the 4-hour timeframe, forming a sideways trading range. Considering the upward trend behind it, if the long trigger is activated, it would be favorable to open long positions with increased confidence. 📉For short positions, our risk trigger is at 85.37. Given the bullish nature of the market, I do not recommend...
🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential...
Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price...
🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...
Hello guys, on eurcad we have a strong continuous breaks to the up side and we currently have a deep pullback at the discount pricing which we are expecting the market to continue higher .
Hello guys , On Gold today we have a strong bearish market which I am expecting a continuous downtrend for the market to keep moving to the downside and am expecting a pullback to level 2029.72 and continue to the downside..
Hello guys, my idea on EURGBP is that we are overall in a uptrend and due to the pause for breath after the mammoth rate hike run the trend might reverse or continue little higher before we expect a reversal to the downside.. trade safe. James ❤
Trading in Reverse Psychology. 1. Base your trading strategy on waiting for patterns or roadmaps to develop before taking action (trades). 2. Maintain a risk-reward ratio of no less than 1:2 for favorable results, aiming for 1:3 or higher whenever possible. 3. Define your trading approach—scalper, day trader, swing trader, or investor—and select specific assets...
To practice effective risk management in trading stocks, consider the following key principles: Set Risk Tolerance: Determine your risk tolerance level based on your financial situation, investment goals, and personal comfort level with potential losses. Position Sizing: Limit the amount of capital you allocate to each trade based on your risk tolerance....
Looking to take the ride all the way down, set proper risk management. Happy trading
I have created this GBP/JPY short market idea due to the favorable technical setup observed in the chart. The currency pair has been trading within a downward channel and the previous high presents an ideal point of entry for a short position. The liquidity at the previous high, indicated by the volume profile, adds to the confluence of factors supporting this...
During London session we see us30 test previous lows and fail to break. We take an entry off that bounce and get out quickly after liquidity is grabbed from previous highs. #simpletrade. In and out
HERE is one of the best and simple technical analyst with trend line . as you see in the chart GRT looks bullish AND it completely , with high R/R . there is a full analysis of the Chart But I just show you the Concept and there is more on the way . If you want to trade this Position Please consider RISK MANAGEMENT.
Ever see price nearing a zone of interest and wonder when is the right time to get into a position? Try scaling in! Taking a few smaller positions as price moves into your area can allow you to get into a trade while managing risk along the way. This can help you to not miss moves by waiting too long AND to not overleverage by taking a large position too...
Yesterday I shared my opinion about the price evolution of Doge. Today I will share you my pending position on Doge as well. Yesterday I told you that there is an opportunity to buy from 0.40$. If you did that, congrats to you, but you can buy from 0.25 ( that means nearly 50% discount from current price). Right now I am planning to play with the hype, but only...
If it wont be a fake break out, its a good buy position after the pullback to Fibonacci RET 0.618. with considering TP and SL and risk management.
Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to...