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Next entries on GOLD We're patiently waiting for the pullback to end so we can then get into a long position. We're mainly trading on the hourly chart and always trading with the trend. However, if you're looking for opportunities on the lower periods then there is still some potential to the downside, but make sure to move your stops above every lower structure and secure as much profits as possible. Tomorrow we've got the FED Interest Rate decision which is a suitable moment for price reversal and that's what I want to see happening. Like I mentioned in the video, our first targets will be around 2050 but of course we're also expecting a continuation higher. Good luck and watch out for our next analysis on GOLD!
FX_IDC:XAUUSD
by ForexTrendline
23
HOW-TO: A Step-By-Step Guide to Using The Profit Maxima StrategyThis strategy is suitable for position traders who hold their positions for months. The goal is to determine the best entry and exit levels in order to achieve maximum profit with minimum risk. Due to the bullish nature of the crypto market, trading in the “short” direction is avoided. Step 1: Choose the best chart Use the "Chart Quality" table to choose the appropriate chart. The "Historical Bars" field displays the total number of candles in the chart. The more historical price data is available, the more accurate the results will be; so choose the chart of an exchange that has the most historical bars. The "Predictability" field indicates how reliable the results are. The "Recommended Chart" field shows the suggested chart for some common symbols. Step 2: Place your orders manually Set your entry and exit orders at three different levels; for this, use the "Entry & Profit Limits" table. As you can see, the Entry and Target levels are matched in pair. Step 3: Be patient As mentioned, this is a long-term strategy. In the long term, there are fluctuations, price corrections and so on. So remember that patience is the key.
Education
by BobRivera990
1
Educational: Two ways to take from the marketsOf course there are many ways to take chunks out of the markets. Hundreds of methodologies are out there. And the markets are experts at taking chunks out of you and your account. In the 4.5 min video I briefly show two types of 'attacks' on the market: 1 - Strategic 2 - Tactical . Strategic In the strategic approach (which could be any methodology), you plan very carefully over days. You're a 'sniper', hunkering down in the bush - you make very few movements - you're watching the enemy and waiting for best conditions and opportunity. You suffer sleepless nights. You suffer cold wind, rain, snow, muddy rivers, insects biting you. (These are the scenes from the movies and in realty that are well known - I'm NOT promoting violence or war). And despite all that, you endure. When it's right, you fire one shot! Your 'kill rate' is so good, that one shot is all you need. So the above analogy in market terms, is similar - waiting planning, suffering, and watching those charts, for that one high precision trade. Tactical Right - in this scenario you're at the frontlines doing hand to hand battle with the enemy. You are loaded with armaments, and you use whatever you need. Look - frontline battle is battle - nothing nice about it. In market terms, this is where you get down and dirty - that's why it's called scalping! In scalping you're making short term moves. You're not planning an attack - you're attacking. The enemy - the market - is there to take your heart out (aka your account)! It's either you want to be in that sort of battle or not. But if you're there, you have to have the right knowledge, skills and experience - else you'll be taken out. Making the money The money-making is not in the methodology - it is all about you! If your 'knife' doesn't work well, you're to blame. Don't blame the charts or the tools you use. Can you be both a strategist and a scalper? Of course you can. There is no law saying that a trader can't be both. Conclusion As a knife when used carefully can create good things, using it the wrong way can be dangerous to your safety or that of others. How you use the tool, is a matter of skill and experience. Are you fit enough? Do you have the right knowledge, skill and experience? Avoid the Dunnnng-Kruger effect as applied to traders (for reading about on the net). Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:GERMANY40CFD
by Captain_Walker
ALGO USDT analysisHello Trader, Please look at the video. ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea. RSI is low at 27, current price is ~1.63 1- First target is 1.56 2- The second is 1.49 3- Very ow possible third target is 1.21 --- Some advices This is not a financial advice Open trade at your own risk Never invest beyond 10% of your portfolio Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
Short
by Ety_Ethan
POW Edge Reversal is HERE 🚀🚀🚀🚀🚀🚀🚀We've been sharing ideas on this strategy for quite some time now as part of our 'forward testing' approach and log. In this video, I run through the strategy, how it works and how it can help. Everything we do at POW is based on 'proof it works' - this is no different and you'll see this in the data I run through for you. Any questions about gaining access please drop me a DM on here. This just shows how powerful Pine script is - to automate a strategy and confirm you have an edge in the market. Removing stress, decisions, overwhelm and all of the emotional struggles trading can bring. Let me know in the comments what you think please - be nice right 😅? Please scroll through some of my previous ideas to see some trades in action. Regards Darren
Education
by pow_removetheguesswork
7