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Bitcoin Path Before New Bull Cycle Begins [Daily TM Analysis]Dear Traders/Investors As you can see on the chart, I believe Bitcoin is going to experience a rough patch on coming days/weeks. there are two possible scenarios for bitcoin to arrive at 14000 USD level before the new bull cycle begins. A: Hit 20000 level then recovery to 25000-28000 and then head to 14000 B: Hit and break 20000 level and after a pullback heads straight to 14000 level Apparently the stop loss for this analysis is 28000-30000 level to be broken upward. I'll be glad if you share your thoughts and comments with me. Stay safe guys and manage risk responsibly.
Short
by Shamshiri_Investments
1
STOP LOSS AS LIFE SAVIOROANDA:XAUUSD Stop-losses prevent large and uncontrollable losses in volatile trades. If you’re not using stop-losses, it’s only a matter of time when a large losing position will get out of control and wipe out most of your trading profits, eventually even your entire account! If you’re serious about staying in the game in the long run and growing your trading account, it’s necessary to use stop-loss orders in every single trade you’re taking. That’s the first rule of this article – Always use stop-losses! Stop-losses also play a major role in risk management. Depending on their stop-loss, traders are calculating what position size to take, how much money to risk on a single trade, how much they’re risking on any single dollar they’re making, and much more . Time Stop As their name suggests, time stops refer to closing a trade after a pre-specified period of time. For example, a trader who is day trading the market could close all of his open trades after the end of the trading day, while swing traders who don’t want to hold their trades over the weekend could simply close all trades by the end of the Friday trading session. Time stops are best combined with other types of stop-loss levels. If your trade is still active by the end of the trading day or ahead of the weekend, you could look to close it manually in that case. Percentage Stop Finally, percentage stops are based on a percentage of your trading account to limit the total risk of a trade. For example, a trader with a $10,000 account who wants to risk 3% of his trading account on a single trade could place a stop-loss at a level that ensures his total potential loss is $300. Some traders might think that percentage stops are a good way to manage and limit losses in the market. However, bear in mind that percentage stops imply placing a stop-loss at an arbitrary level, as long as the total potential loss doesn’t exceed a percentage of the trading account. Much better results can be achieved by combining chart stops with percentage stops, i.e. a trader would place a stop-loss based on an important technical level and manage his total risk by adjusting the position size of the trade. We’ll show you how to do exactly that later in this article . Trailing Stops Trailing stops automatically move the underlying stop-loss level with each tick of the price that goes in your favour. However, if the price reverses and starts to go against you, a trailing stop will stay at its most recent level, limiting your losses or locking in unrealised profits. CONCULUSION : WETHER YOU DO FOREX , STOCKS OR CRYPTO TRADING , STOPLOSS IS IIMPORTANT , AND IT ALWAYS GIVE YOU ANOTHER OPPURTUNITY TO TRADE AGAIN
OANDA:XAUUSDEducation
by INVESTRONE
GBP/USD Technical Analysis: Bearish Bias as Price Approaches Key📉 The GBP/USD currency pair is currently showing a bearish bias as it approaches a key support level at 1.2100. 📊 Technical analysis suggests that a pattern breakout may expose the key 1.2000 level, indicating further downside potential. 💰 Our trading opportunity is to sell at the current level of 1.2098, with a take profit target of 1.20421 and a stop loss at 1.22779. Hashtags: #GBPUSD #TechnicalAnalysis #BearishBias #SupportLevel #TradingOpportunity #TakeProfit #StopLoss
Short
by ss7trader
4
Bitcoin Hammers ceremony in 4HHi friends. I see about 4 hammers on a strength Trendline and i think price will go to the upper band i have shown on my chart. If the price surpass this 24000 resistance level after a pullback to this level , we will see a huge increase in BTC in coming days. Dont forget we are in a 4H time frame and this trendline is very important. In addition this hammers shape in an important support level (22500) too. after price reach this path i draw in my chart we should look it again to update our analysis. so if you enter a trade dont forget to set your SL below this support level and choose the upper line for your TP.(I show it on my chart and its R/R is 2.6 its good i think! ) Hope you enjoy this analysis. share me your opinion I will be happy. Thanks for reading my idea Love you all
Long
by TraderAmin-KZ
5
gold analysis - 09 feb 2023so first things first... -market brokeout to the downside on the daily timeframe - then market ranged for 4 days forming a bearish flag which is a continuation pattern -market is currently at a significant support level so if it breaks entry can be taken on the initial breakout (aggressive) or wait for a retest of that structure (conservative) - take profit is placed at the 1849 level but market could go down to the 1835 which is current support on daily market can be bullish out of nowhere but we will wait and see
GShort
by K0KETSO
❗️PLAN VS FOMO EFFECT❗️ ☑️A trader with a plan is someone who has a well-defined trading strategy that outlines their entry and exit points, risk management approach, and overall trading philosophy. ☑️They have a clear understanding of the markets they are trading and make decisions based on objective analysis and research. They are disciplined and stick to their trading plan, even in the face of losses or market volatility. They avoid impulsive decisions and emotions like fear of missing out (FOMO) that can lead to bad trades. ☑️On the other hand, a trader with FOMO is someone who makes impulsive decisions based on fear of missing out on potential profits. ☑️They may jump into trades without fully understanding the market conditions or conducting proper research. They may also ignore their risk management strategy, in an effort to make quick profits. They often enter trades based on rumors or tips from others, rather than their own analysis. This type of trader is more likely to make poor trades and suffer significant losses. ☑️In summary, a trader with a plan is someone who is disciplined, objective, and systematic in their approach to trading, while a trader with FOMO is impulsive, emotional, and reactive in their approach. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
7
BNB / USDT 1H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 1-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $326.4, if the support is broken then the next support is $324.2, $322.2 and $319.2. Now let's move to the resistance line, as you can see the first resistance is $330.2, if you manage to break it, the next resistance will be $332.7, $335.9 and $340.1. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a downtrend, while the RSI has a rebound.
by cryptodailyuk
ETH Swing long trading setupHello guys lets take a look at ETH/USDT Chart in Daily timeframe. the price is struggling with 1260 level. according to the temporary Bullish sentiment in market i think price will surge to 1400 level. where we have a strong Trendline and 61.8% Retracement Level of last price LEG also a divergence seen between RSI and price recently that can improve this run. at all i think price will reach a critical point drawn in my chart. Dont Forget to set a suitable SL and manage your risk. thank you for your attention please share me your opinion in comments so i will be happy :) GOOD LUCK
Long
by TraderAmin-KZ
10 Common Lies and Misconceptions About Trading 🥺🤮1. People are born traders. While it is true that certain personal characteristics make it easier to trade, no one is born a trader. One of the main themes of the Market Wizards books written by Jack Schwager is that almost none of the market wizards was successful from the start. They all worked hard at it. 2. You have to have a high IQ to trade. Just not true. In some ways, an above average IQ may be a hindrance. Trading is a human performance activity where strong intellectual abilities are unnecessary. 3. Top traders are successful because they have the "right trading personality." There is no such thing as the "right trading personality." Researches have been unable to find a strong correlation between personality type and trading success. It is important, however, to understand your personal characteristics and how they may help and hinder your trading. 4. Trading is easy. It sure looks that way, doesn't it? Just draw a few lines on the chart, watch your indicators, and follow the price bars. The truth is that trading is a difficult business to master. It involves different skill sets and abilities from what are needed in most other professions and careers. The trader must understand his or her personal strengths and limitations and develop specific skills to deal with the mental and emotional demands of trading. The later skills are the most difficult to develop and the most overlooked. 5. You must be tough, hard charging, and fearless to be successful. That's more media hype than anything else. It glorifies a strong ego, which is a detriment in trading. The most successful traders I know quietly do their research, study the charts, and patiently wait for the right moment. They strive to keep their ego out of their trading. 6. You must trade without emotions. If you are human, that's impossible. More importantly, when you understand your emotions you will realize they are assets, not liabilities. The real keys are: To be aware of how your emotions interact with and influence your trading, and To develop the skills needed to trade with them. 7. Top traders are usually right about the market. Top traders have many, many scratch and losing trades. Top traders are at the top because they exercise good risk control, limit the amount of loss from any given trade, and have developed a psychological edge that allows them to be unfazed by small losing trades. Most of their trading consists of modest profits and very small losses. When conditions are right, they step up size and let the profitable trades run. 8. Paper trading is useless - it's not a real trade without money behind it. If you aren't paper trading,you are doing yourself a disservice. You should always be paper trading your trading ideas. Why limit your education and experience by the amount of capital you have? Paper trading keeps you sharp ; you learn the conditions under which your trading ideas work best. Where else can you get such vital education at so little cost? 9. Master the technical skills and you will be successful. This is where most traders spend the vast majority of their time, but it's only part of the picture. You also have to learn important performance skills. Traders should spend as much-if not more-time learning to develop their psychological edge as they do in developing their technical trading edge. 10. Trading is stressful. It certainly can be stressful, and it certainly is stressful for many. It doesn't have to be. Successful traders have a certain mindset. They put little importance on any given trade. Their focus is on the long haul. They know that if they attend to the aspects of trading that are within their control (i.e., trade selection, entry, risk control, and trade management) the profits will take care of themselves. source: DailyFX
Editors' picks
OANDA:XAUUSDEducation
by Hsan_BenAhmed
48
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT to USDT chart on a four-hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $6.60, where the price is moving, the next support is $6.46 and $6.04. Now let's move on to the resistance line, first we will mark the resistance zone from $6.85 to $7.01, if you manage to break it, the next resistance will be $7.14, $7.27 and $7.45. Looking at the CHOP indicator, we see that the energy is currently being used for price correction, the MACD indicates a local downtrend, while the RSI has a strong rebound, which creates room for new increases.
by cryptodailyuk
1
SOL - USDT 4HChart, targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local uptrend channel. Let's start with the determination of the support line and as you can see, in the first order, it is worth marking the support zone from $ 24.33 to $ 23.55, if the support is broken, then the next support is $ 22.79, then we have the second support zone from $ 21.70 up to $20.33.. Now let's move on to the resistance line, and here again we will start by marking the resistance zone from $25.16 to $25.87, if we manage to break it, the next resistance will be $26.81, and then around $29.44. Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD indicates the limits of the return to the local uptrend, while the RSI is moving in the middle of the range and tries to break above the downtrend line.
by cryptodailyuk
2
Learn Risk to Reward Ratio | Forex Trading Basics Hey traders, Planning your every trade, you should know in advance the profit that you are aiming to make and the maximum amount of money you are willing to lose. In this educational article, we will discuss risk reward ratio - the tool that is used to compare your potentials losses and profits. Let's start with an example. Imagine you see a good buying opportunity on EURUSD. You quickly identify a safe entry point, your take profit level and stop loss. From that trade you are aiming to make 100 pips with a maximum allowable loss of 50 pips. To calculate a risk to reward ratio for this trade, you simply should divide a potential gain by a potential loss: R/R ratio = 100 / 50 = 2 In that particular example, risk to reward ratio equals 2 meaning that potential gain outperform a potential loss by 2. Let's take another example. This time, you decide to short USDJPY. From a desirable entry point, you can get 75 pips with a potential loss of 150 pips. Risk to reward ratio for this trade is 75 divided by 150 or 0.5. Such a ratio means that potential loss outperform a potential gain by 2. Risk to reward ratio can be positive or negative. If the ratio is bigger than 1 it is considered to be positive meaning that a potential gain outperforms a potential loss. If the ratio is less than 1, it is called negative so that potential loss is bigger than potential risk. Knowing the average risk to reward ratio for your trades, you can objectively calculate the required win rate for keeping a positive trading performance. With R/R ratio = 0.5 2 winning trades recover 1 losing trade. You need at least 70% win rate to cover losses of your trading. With R/R ratio = 1 1 winning trade, recover 1 losing trade. You need at least 50% win rate to compensate your losses. With R/R ratio = 2 1 winning trade recovers 2 losing trades. You need at least 35% win rate to cover losses of your trading. Trading involves extremely high risk. Risk to reward ratio is a number one risk management tool for limiting your risks. Calculating that and knowing your win rate, you can objectively decide whether a trade that you are planning to take is worth taking. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
11
Daily review of ETH interval 1HHello everyone, let's look at the ETH to USDT chart on a 1-hour time frame. As you can see, the price is moving on the border of the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1667, if the support is broken then the next support is $1653, $1638 and $1617. Now let's move to the resistance line, as you can see the first resistance is $1687, if you manage to break it, the next resistance will be $1711, $1730 and $1750. Looking at the CHOP indicator, we see that the collected energy was used for a correction, the MACD indicates the maintenance of the local downtrend, while the RSI showed a rebound and an immediate rebound.
by cryptodailyuk
P2P | Nas TradeHey there peeps! I know this isn’t the usual post everyone is looking for but I wanted to be transparent with you all. Not every trade is a winner! Once I accepted that, I was a lot more comfortable in myself and my game. The mission is to become the best player in your league but the funny part is, you’re in your own league so it’s really you vs yourself. With that being said, I learned a lot from this trade, even though I don’t normally trade Nas, but the experience I had with it furthered my interest in trading it. So gang there you go, no shame in my game, just room for mistakes and getting better. But you see it gave me a 2nd chance entry?! I didn’t take it because I try not to over trade or chase my loses, especially on a pair I don’t trade. But like always family happy trading, trade well, and let’s run it it up from 2023 til infinity! DISCLAIMER: **This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held repsponsible.***
N
by Pips2Porsches
BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line, moreover, on the EMA Cross 10 and 30, we can see the crossover point and an indication of entering a downtrend. Let's start with the support line and as you can see the first support in the near future is $287, if the support is broken then the next support is $280 and $270. Now let's move to the resistance line, as you can see the first resistance is $294, if you manage to break it, the next resistance will be $298, $302 and $307. As we can see, the MACD confirms the local downtrend, while the RSI has a nice recovery and room for new growth.
by cryptodailyuk
❗️USE STOP LOSS AND BECOME A BETTER TRADER❗️ 🟩STOP LOSS IS:A stop-loss order is an order that automatically closes a losing position once the price hits the pre-specified level. We usually calculate SL in pips, but there can be many ways to set it. It can be time based, percentage based or volatility based. For some investors SL is some piece of critical news, which alters their perception of the value of the asset. Regular stop losses can be many and varied too, for example trailing stop. Also, we sometimes move SL to entry after the half close to protect the gains and make our position risk free.However, all situations I listed above have one thing in common and it is the fact that the SL was used! 🟥Honestly, I am amused by the massive number of people who send me screenshots of their MT4 with several open trades on the same pair all of them without SL and with 90% of account lost. And they ask me what should they do? A great illustration of what is would take to recover from such a loss, is on the drawing above. With the 90% loss, you have only one tenth of the original account left. That means you need to make ten times more money than you have left just to recover your losses. 999% gain needs to be made just to have your old account back. It took you a day to blow it, and might take months to recover the losses. This is the brutality of the trading. The market is unforgiving and will punish you if you treat is without respect. If you are careless or if you make mistakes. The market always comes back to collect, waiting for the moment you drop your guard and relax for a second. Please always use Stop Loss, because, as it happens, it stops you from losing too much! I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Editors' picks
Education
by ProSignalsFx
119
Daily review of ETH interval 1HHello everyone, I invite you to a quick update of the situation of ETH to USDT on the 1H interval. As we can see, we have formed a Rising Wedge pattern, which unfortunately is characterized by an exit from the bottom. We can use the current situation to play the position, for this purpose we will mark the Stop Loss at $1618, which should be taken into account when playing short. Entering positions in the area of the formation or just after leaving the formation at the bottom at $1525. However, the target that can be taken into account is $ 1434.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to a short discussion of the Rising Wedge formation created on the BTC chart. We can observe the formation of the Rising Wedge, which is characterized by a bottom exit from the channel. For a possible play, you should keep the stop loss at $ 21,630, while entering positions in the marked channel, but the safest will be at $ 20,755, after leaving the channel at the bottom. The target that can be taken into account is around $ 19,686. Please watch the EMA Cross 10 and 30 when the red line crosses the green from above to confirm this entry into a downtrend.
by cryptodailyuk