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Bitcoin weekly chart. A hint at how its price may head very soon My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already. This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough. In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants. Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone. Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out. Good luck.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
DogeUsd moves up but watch 4 Bitcoins break above 76,522 Bitcoin is making a sluggish return to the long-side in trading today, so DogeUsd is following suit. But Bitcoins next leg-up is dependant on a Top2 system 'taking' and a BTCUSD move above price 76,522 should ensure Bitcoins next bullish move but also DogeUsd. My other pick at the moment is Cardona, ADAUSD which I picked Long at 0.33 & is now at nearly 0.39, however it's chart is indicative of much higher prices as Bitcoin Price Ascends further.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈 I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern. Market Context: On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market. The Entry Setup: On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout. I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside. Floating PnL: Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups. This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀 Leave a comment if you surfed with this trend too!
FOREXCOM:XAUUSDLong
by TraderOuss_LumaNex
Tron TRXUSD has been a bear for a good 2 or 3 weeks. Not anymore I must declare Tron is one of my biggest holdings, I don't tend to hold onto currency's for very long because you forever get whipsawed around with the changes to the USD, and no matter how good your original setup was, quite often in trading when you see that nice 500 or 1000 green profit, it's best to take it off the table. This is what happened with the start of the London session today Friday, the USD started to rally and all of the top currency's starting AUD, EUR, GBP etc all went in the red, down below it was the USD pairs in the green. TRXUSD will knock over the USD today, I did hear that Bitcoin has not followed through on taking the Higher high set recently which would officially give it breakout status. One analysis I read was that Bitcoin is currently in a 15M channel and it may head bearish until it resets. I will check soon. I keep digressing, TRXUSD has been tumbling downwards slowly and very measured so that nobody would notice on a Daily double top. But on multiple timeframes during Asia Friday TRON has about-faced and is now heading for the bulls. TRXUSD is one of the few cryptocurrency's that is right at the top of its price cycle, to be honest I don't even recall its fundamentals because I go by the charts, however I do occasionally research the Crypto ones I have bought or am about to buy. What's more to say? Well there usually is a bit of a buy-spread. I bought 50,000 a little while ago on market because most of the time I can't be bothered with limit-orders because while you punch in your order and price, the ones at the other end are driving the price higher and ripping us off. I have not made a dime out of TRON yet, I can't say to you that it will move fast like DOGE as it may be a turtle (slow), you will find that its chart-structure is a super-strong-foundation and the charts are very organised and usually pointing very bullish.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
GBPUSD bullish divergence daily. Lows and Highs Div. I put out a buy on this pair a week or 2 ago, GBPUSD, a lot can happen in this amount of time, last time I called a Long-trade on this pair & the same this time. GBPUSD is moving up towards a neckline breakout on a Double-bottom system intraday. But the real glossy confluence I see is the Daily chart and bullish RSI divergence. In recent days the RSI on the daily chart, where divergences probably work best because most traders look for divergences on Daily & even Weekly, 4hr charts, has seen lower low to higher low on the RSI AND also lower high to higher high on the daily RSI, but on the price action for GBPUSD it was a lazy lower prices down compared to a bullish turnaround on the RSI. So this divergence is going to be noticed by traders and GBPUSD should be a buy going forwards. As an added bonus of confluence, I threw in some MACD's to also highlight that the trade is supported on the Daily by MACD's sweeping upwards.
Long
by Easy_Explosive_Trading
Pick of the Currency Outbreaks AUDUSD. More bulls ahead. This is the Daily chart of AUDUSD. It's up well over 1% today. It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie. You can see in the chart of daily how the 200ema has turned in favour of the Aussie. I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of buying. If you look ahead on the Daily, you will see a huge head n shoulders bullish setup which the bulls will be chasing. I wrote a month or 2 ago how I expected the Aussie to breakout, but the USD has also returned to strength. We also saw AUD perform very strongly against a basket of of other currency's in the Asian session earlier.
by Easy_Explosive_Trading
No false-break upwards here in Gold-It's moving up fast Gold and Silver had a healthy downwards correction from what I understand. A few nervous Gold-holders after Donald Trump's re-election. But there is much more to the story for gold prices to go higher. I see the intraday charts looking bullish for silver and gold today, as momentum is shifting back to the upside. Wait and see what the Economic News tells us before rushing to go Long Economic data just released was probably more in favour of the USD, but I note it was a mixed-bag release and in some ways favouring Gold price. Gold price has shrugged off the data it seems.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
BTCUSD Defying a further pullback. Too bullish at Mid 75k Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
The Importance of Financial Discipline in TradingThe Importance of Financial Discipline in Trading: A Pathway to Lasting Success Achieving consistent success hinges on one fundamental principle: financial discipline. This concept encompasses adherence to a well-structured trading strategy, effective risk management, and emotional control. Distinguishing successful traders from those who struggle, financial discipline empowers individuals to make informed decisions while navigating the often chaotic world of financial markets. Understanding Financial Discipline Financial discipline is about maintaining a methodical approach to trading. It requires traders to exercise patience in waiting for favorable market conditions, the courage to cut losses promptly, and the self-restraint to avoid impulsive risks. By establishing clear trading rules and sticking to them, traders can minimize errors, conserve capital, and foster long-term profitability. In contrast, a lack of discipline can lead to devastating consequences, derailing even the most promising strategies and exposing traders to significant financial setbacks. Also Read: The Critical Role of Emotional Control Emotions can be one of the biggest hurdles in trading. Decisions driven by fear, greed, or overconfidence often lead to regrettable outcomes. For instance, fear may result in prematurely exiting a position, causing traders to miss out on potential gains when they could have held on longer. Conversely, the lure of quick profits might tempt traders to overtrade or take on excessive risk. Disciplined traders minimize the impact of emotions by adhering to a comprehensive pre-planned strategy that emphasizes consistency. This approach includes specific criteria for trade entries and exits, pre-defined risk thresholds, and clear guidelines for position sizing. By operating within these parameters, traders can cope with the inevitable volatility of the market without succumbing to emotional reactions. Moreover, having financial discipline allows traders to maintain composure during turbulent market periods, a time when many make ill-advised choices. The essence of financial discipline lies in its ability to keep traders focused on their long-term objectives, adapt strategies when needed, and ultimately achieve sustained profitability over time. Also Read: Setting Achievable Goals Successful trading begins with the establishment of realistic, achievable goals. Traders should clarify their objectives—in both the short and long term—to facilitate strategic decision-making. Short-term goals, such as monthly profit targets, should remain specific yet attainable, fostering motivation and providing benchmarks for progress. For example, rather than aiming for excessively high returns, a trader might target a modest monthly gain, reducing the urge to engage in risky behavior. However, flexibility is essential. Financial markets are dynamic, and goals may need adjustment in response to changing conditions. What may seem feasible during a bull market could become unrealistic in a downturn. Long-term goals, such as building wealth over several years, can help traders keep sight of their overarching aims without getting sidetracked by temporary setbacks. By setting realistic expectations, traders can avoid the pitfalls of ambition that often lead to burnout or reckless decisions. These well-defined goals serve not only as performance indicators but also as tools to cultivate patience and resilience in the trading journey. Risk Management: The Heart of Discipline Effective risk management is paramount for survival in trading, and disciplined traders recognize that controlling risk is essential for long-term sustainability. Every trade carries a degree of uncertainty, and without a robust risk management strategy, even minor losses can escalate, jeopardizing a trader's financial health. One fundamental risk management technique is the implementation of stop-loss orders. A stop-loss automatically closes a trade once it reaches a predetermined loss threshold, helping traders avoid the pitfall of holding onto losing positions in hopes of recovery. By defining acceptable limits, traders can mitigate risks and safeguard their accounts. Position sizing is another critical component of a prudent risk management strategy. Traders should only risk a small percentage of their total capital on any single trade, ensuring that a series of losses will not have a devastating impact on their overall account balance. This approach encourages traders to diversify their risks rather than overexposing themselves to any one market or trade. Additionally, understanding and applying a favorable risk-reward ratio is central to disciplined trading. Aiming for trades where the potential reward significantly surpasses the risk taken helps ensure that traders remain profitable in the long run. For example, a risk-reward ratio of 3:1 means risking $100 to potentially earn $300. By consistently identifying trades with such favorable ratios, traders can weather inevitable losses while maintaining a path to profitability. Also Read: Mastering Emotional Control The psychological aspects of trading cannot be overlooked. Emotions such as fear and greed can markedly hinder progress. Fear may lead to hasty exits from positions, while greed could incite traders to exceed their risk limits in pursuit of greater profits. Both scenarios jeopardize a structured trading plan and can have dire financial consequences. Long-term success in trading requires emotional control, allowing traders to base decisions on careful analysis rather than spontaneous reactions to the market. Fostering a disciplined routine is key. This starts with a thorough trading plan that outlines clear entry and exit strategies, risk management protocols, and position sizes. Consistently revisiting and adhering to this plan will help mitigate impulsive decision-making influenced by market mood swings or personal stressors. Embracing losses as an inherent part of trading is also vital. Even the most adept traders experience losing trades, and it's crucial to avoid allowing recent losses to cloud future judgment. Focusing on the broader strategy and long-term performance instead of fixating on individual trades enhances a trader’s capacity to remain rational and composed. Also Read: and... Conclusion: The Path to Consistency and Success Financial discipline is not merely a concept; it's the bedrock of effective trading. By prioritizing structured strategies, managing risk diligently, and controlling emotions, traders can position themselves for sustained success in the financial markets. The journey to mastery involves setting realistic goals, crafting sound risk management plans, and cultivating emotional resilience. Ultimately, by embracing these principles, traders can improve their decision-making processes and enhance their chances for consistent, profitable outcomes in the exciting yet challenging world of trading.
COMEX:GC1!Education
by FOREXN1
1
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!This is an image of the original Video tutorial i made walking through XAU/USD Chart Analysis Summary In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend​​. Reversal Signal: Double Top with Bearish Flag The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move​. Bull Flag Structure and Liquidity Zone Testing The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction​. Potential Entry and Exit Scenarios Based on Entry Types from your strategy: High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top​. Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout​​. Confluence of Multi-Touch and Patterns The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately. Strategy Application: Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel. Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs. Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations​​.
OANDA:XAUUSD
by Adlercon333
BTCUSD puts on the big gains 10+%DogeUsd bounces back Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range. BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it. DogeUSD puts on more than 14% during the last trading day. TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Mastering the Risk/Reward Ratio: A Key to Trading ProfitabilityMastering the Risk/Reward Ratio: A Key to Trading Profitability In the world of trading, achieving success isn't merely about selecting the right stocks or making spot-on predictions. True profitability lies in managing risk effectively, a skill that can be the difference between sustained growth and heavy losses. A primary tool for this is the risk/reward ratio—a fundamental element in a trader’s toolkit. This metric helps traders maintain discipline and clarity, ensuring each trade has a strong potential for profit while keeping possible losses in check. Whether you’re new to trading or have years of experience, understanding and using the risk/reward ratio can transform your approach. It’s not about maximizing the number of wins but ensuring that the rewards consistently outweigh the risks. Here, we’ll explore how this ratio impacts trading strategy and why it’s critical for long-term success. Understanding the Risk/Reward Ratio The risk/reward ratio is a straightforward formula that compares the profit potential of a trade to its possible loss. Essentially, it answers the question: How much can I gain for every dollar I risk? For example, if you're willing to risk $100 for a possible $300 gain, your risk/reward ratio is 1:3, meaning you could make $3 for every $1 at risk. Example of a 1:3 risk-reward ratio in EUR/USD This concept encourages traders to evaluate the potential downside of a trade before jumping in, moving away from focusing solely on potential gains. By keeping a balanced view of risk and reward, traders can avoid seemingly attractive trades that may carry excessive risk, enabling them to approach the market with a disciplined, long-term mindset. Why Risk/Reward Matters Every trade involves risk, and the ability to manage it effectively often differentiates successful traders from those who struggle. Using the risk/reward ratio ensures that each trade is structured with a clear plan, protecting capital while allowing for potential profits. Without this focus on risk, traders may chase high returns without properly assessing the downside, leading to costly mistakes. Combined with tools like stop-loss orders and position sizing, the risk/reward ratio becomes part of a broader risk management strategy. These components work together to balance profit potential with loss control, which is essential for traders aiming to sustain profitability over time. Here you can find a comprehensive article on stop-loss strategies. Risk/Reward Ratio vs. Win Rate A common misconception among novice traders is that trading success depends on winning more trades than losing ones. Experienced traders know that profitability has more to do with how risk is managed in losses than how many wins you achieve. The risk/reward ratio addresses this, making it possible to be profitable even if a trader wins less than half of their trades, as long as the wins are substantial enough to offset the losses. For example, if a trader wins only 40% of the time but maintains a 1:3 risk/reward ratio, the profits from winning trades can cover losses from losing trades while still yielding an overall profit. Here is a comprehensive table comparing risk/reward ratios to win rate profitability. Advantages of a Disciplined Risk/Reward Approach One of the most valuable benefits of using the risk/reward ratio is the structure it brings to trading. It helps traders stay rational and minimizes emotionally driven decisions, such as holding onto losing positions with the hope of a reversal. By maintaining a favorable risk/reward ratio, traders enter each trade with a defined plan, reducing the chance of impulsive, loss-heavy decisions. Furthermore, applying a risk/reward framework ensures that trades are entered only when the reward justifies the risk. Over time, this disciplined approach fosters consistency and sets the stage for more predictable results. Steps to Calculate Risk/Reward Ratio Calculating the risk/reward ratio is a simple yet impactful process that enhances trade planning. Here’s a step-by-step guide: 1- Determine Your Risk: Define the amount you’re willing to lose if the trade moves against you, which is the difference between your entry price and stop-loss level. 2- Define Your Reward: Establish the potential profit if the trade goes in your favor, measured from the entry price to your target profit level. 3- Calculate the Ratio: Divide the potential reward by the potential risk to get your risk/reward ratio. For instance, if you’re buying a stock at $100 with a stop-loss at $95, your risk is $5. If you aim to sell at $115, your reward is $15, giving you a 1:3 risk/reward ratio. Choosing an Ideal Risk/Reward Ratio The ideal risk/reward ratio can vary based on trading style and goals, though many traders aim for a minimum of 1:2 or 1:3. Higher ratios like 1:3 allow for a more forgiving approach to losses, where a trader doesn’t need a high win rate to be profitable. However, shorter-term traders might use lower ratios (e.g., 1:1.5) while aiming for a higher win rate to balance profitability. Ultimately, the best ratio depends on factors like trading frequency, volatility, and risk tolerance. Day traders may prefer a 1:2 ratio, allowing for quicker exits with decent returns. Swing traders, on the other hand, might look for a 1:3 ratio or higher to justify holding positions longer despite potential market fluctuations. Managing Risk with the Right Tools Achieving long-term profitability requires more than just a favorable risk/reward ratio; it also demands effective risk management. Stop-loss orders, for instance, are invaluable for capping potential losses. Placing stops at logical price points, such as below support levels or above resistance levels, helps protect positions without risking premature exits. Similarly, maintaining discipline by skipping trades that don’t meet your risk/reward criteria can prevent excessive losses. Proper position sizing and a detailed trading plan round out this approach, ensuring that each trade aligns with your overall strategy and risk tolerance. Here is a comprehensive guide about the Risk Management Final Thoughts: The Power of the Risk/Reward Ratio in Trading The risk/reward ratio is more than a calculation—it’s a mindset that can lead to stronger, more disciplined trading decisions. By assessing potential risks and rewards before each trade, you can avoid impulsive choices and safeguard your capital. This approach brings clarity and control to trading, even amid market unpredictability. While the risk/reward ratio may be a straightforward tool, its impact is profound. Focusing on balancing risk with reward enables traders to protect themselves from major losses while pursuing worthwhile gains. The next time you plan a trade, remember to ask: “Does this meet my risk/reward criteria?” If not, stepping back could be the wisest move. Risk management is essential for lasting success, and the risk/reward ratio serves as a constant guide. Consistently applying this ratio fosters discipline, confidence, and, ultimately, greater profitability in your trading journey. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
FXOPEN:XAUUSDEducation
by FOREXN1
1
Strong Bullish Chart Structure: TRON TRXUSD: Sets up This is a Cryptocurrency that always reminds me of DOGEUSD because they share a similar price at around 0.16 cents, the difference is that this one TRXUSD is positioned very strongly in terms of its price. The setup here is the 4HR chart. You will see about 6 times that price action has drawn together with the 200EMA just before price rally's in Long positions. You will see in the 4hR CHART how Tron is meeting with the 200EMA very soon, once again, I doubt it quite makes the joining with 200EMA because its price is going to take off very soon, northwards/longwards. The thicker WHITE-LINE in chart is the 200EMA
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
2
Bitcoin's Squeeze in price is building momentum upwards I hope you are well this Sunday. If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend. But this squeeze is building momentum in the Bitcoin tank. Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks. Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading