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AUD/NZD holds support ahead of AU and NZ dataTechnically, AUD/NZD looks ripe for another leg higher as it is holding above trend support and the 100-bar EMA. A break above the weekly pivot point could confirm such a breakout and resumption of its trend and bring the weekly R1 / recent highs, with 1.10 also making an interim target along the way. However, keep in mind that data from AU and NZ between 11:30 AEDT and 12:00 could make or break this trend. Ideally, we’d need to see strong AU household spending, an okay (or better) business sentiment report alongside lower NZ inflation forecasts for this to simply break higher. For now, the bias is for a break above the weekly pivot whilst prices remain above yesterday's low. A downside break of the trendline suggests a deeper pullback is underway.
Long
by CityIndex
My Backtesting Results on NZDCHFHolding trades is what I want to get better at and backtesting is going to help me do it. I've backtested NZDCHF today and found that it was a remarkable session. I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades. I used the monthly, weekly, and daily timeframes with most of my entries coming from the daily timeframe. I used my own strategy known as TMP. It stands for Trend, Market Structure, Price Action(or, pending orders). I identify the trend first, then set my estimation zone, then place my pending order. In that order, thats it. I don't use support and resistance, trend lines, or indicators for the most part. I like using price action. Its my preference that has changed throughout my trading career. I've noticed I a few reasons why I don't enter my best setups are due it 1) Money trauma( family had poor money management) 2) Time limit( pressure from showing results) To get over those, I have set parameters to take partials, move my trades to break even, and set pending orders to eliminate myself not entering my own trades. This helps in the long run and has helped since collecting data on myself since the start of me using prop firms. I can only pray that through my backtesting and trading journey, this can help you too. Please let me know if you have questions regarding my backtesting or found something unique that helped you. Safe trading❤️
Education
by ShaquanLopez
1
Copper bulls to return around $4.00?Price action on copper has caught our eye, as its pullback from the YTD highs has paused above the November highs despite a surging US dollar. RSI (2) is overbought on the daily chart, and yesterday’s Doji held above the 20-day EMA. It's also holding above $4.00, whilst money managers and large speculators have continued to increase their net-long exposure to copper futures despite the pullback on prices. - From here, the bias is bullish above 3.95 and for prices to have another crack at the YTD high - Another approach is to scale into such a position with a wider stop, with a view to increase exposure if or when momentum turns higher sufficiently enough to call a swing low.
COMEX:HG1!Long
by CityIndex
🔻 How To Swing Trade In A Bear Market 🔻Forex traders that decide to trade in a bear market are looking for a strategy or a way to make a profit when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading path that comes with challenges. While many traders prefer to stay profitable in a continuing bull market, many traders will choose to earn their profit by swing trading in the following bear market. Swing trading is challenging but can also be profitable in short-term intervals. A trader must know how to use the given signals from the market before starting to swing trade in a bear market. How To Do Swing Trading Traders often wonder how to swing trade forex, and the first thing to know is the swing trade definition first: Swing trading is a type of trading style that focuses on profiting from changing trends in price action in short-term intervals. Swing trading is a trading strategy that involves holding a position long or short for more than one session. It can be from one day up, but not longer than several weeks. Traders that use this strategy look to technical and fundamental analysis. They try to explore trading opportunities and analyze price trends and patterns. Considering the volatile conditions in the forex market, a swing trader tries to catch a potential price movement and make a small profit out of it. Generally, swing trading is a good strategy for beginners because they can trade with much less capital than the other trading strategies. Is It Possible To Swing Trade In A Bear Market? A bear market in forex means that prices fall 20% or more from recent highs, which gives the traders a negative outlook and hopelessness. A bear market is always caused by a group of developments or events such as monetary conditions, monetary policy, shifts in yield curves, and many others. The forex market is very volatile and changes very fast. It creates many opportunities to catch the momentum of price action and make a profit out of it. Swing trading is one of the trading options in a bear market. Implementing a swing trading strategy for the bear market is one way for a forex trader to trade successfully. To swing trade profitably in a bear market, traders need to have a strategy likely to survive the changing market conditions. Swing trading in a bear market does work but usually can give the trader a tough time. Traders need to do a market analysis, research all historical data, and create a safe trading plan before going live. What Is Swing Trading And Its Advantages? Swing trading is a short-term trading strategy where you hold your trades for one day up to a few weeks at most. Swing traders use technical analysis, to make a trading plan, and a strategy for an entry and exit from the market. Swing trading can be divided into discretionary swing trading and systematic swing trading. From experience, traders have found systematic swing trading more efficient, as it has shown better results. Advantages Of Swing Trading Traders know their results quickly, from one day up to one month. They give time to work on the swing strategy and make changes on the next entry. The trader has a clear boundary because there is a specific area to observe, knowing exactly when the trade isn't working. Traders can easily limit the damage of a losing position. By entering and leaving the market in short periods, traders can identify a lot of opportunities. It allows the trader to spread the risk and minimize losses. It is important to mention that swing trading is a very good trading strategy for forex beginners and traders that are short on time. Swing Trade Strategy For A Bear Market Swing trading can make a trader's way much easier if they use one of the trading indicators and stick to it. The most are moving averages, Relative Strength Index (RSI), Stochastic Oscillator, and Volume. A trader has many options to create a swing trading strategy for bear market conditions. Traders also use mean reversion as the most common strategy type. In mean reversion, traders assume that the market will make some extreme moves to either side, and those moves are later corrected through a reversion to the mean. It means that the market tends to swing around its average. This strategy type, a mean reversion, is used to identify if the market is overbought or oversold. It is expected to give traders an entry signal. A different swing trade strategy is trend following, which is the opposite of the mean reversion type. This strategy suggests following the trend of direction, which is harder to succeed with than the mean reversion type. The breakout strategy is another type of swing strategy that traders use. This strategy is similar to the trend following, and it works with a breakout level. When the currency pair breaks a level and continues above that level, it is a signal that the market is solid enough and will likely continue in the direction of the breakout. This strategy is functioning the same way as the trend-following strategy. Traders do not always buy on a breakout of a certain level. Often, traders try to include other conditions that are important in deciding whether to buy or sell. Can Swing Traders Make Money In A Bear Market? Not many traders choose to trade in a bear market because it signals pessimism, and it is hard to know how long it will last. In a bear market, the primary trend is to the downside, and different rules apply. Knowing the bear market trading rules can position traders to benefit from them. That gives light on the pessimism of a bear market. There are many opportunities to make money for traders that know how to use the given signals. Taking a bear short swing trade, also called short-selling, will help you to gain profit using a swing strategy during a bear market. Traders need to do pre-market research, then work up to potential trades before they make an entry position.
Education
by FOREXN1
17
NZDCAD: Classic Trend-Following Setup 🇳🇿🇨🇦 Hey traders, NZDCAD is trading in a bullish trend since October. Reaching 0.88 resistance, the pair initiated a correctional movement. The price dropped to a trend line and perfectly respected that one more time. Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance. It is a very important bullish clue, and it signifies a dominance of buyers again. Look for buying opportunities from the underlined blue zone: it is based on a horizontal resistance and a trend line. I will expect a bullish movement from that area at least to 0.88 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
Back to 0.55000?After a rejection at 0.65000 on Dec the 13th, the sellers have stepped in and for the first time since October, price has started printing new lows. Thursday saw the market break a significant trendline which price has been respecting since October. Also, for the first time since October the market has closed the week with a strong bearish candle. A strong dollar could now be the remaining factor required to fuel a drive to the south and possibly revisit the October low around 0.55000 or lower
Short
by Swiing
1800 Still holdingFrom the last update a week ago price was wedged between support and resistance below 1800. On Tuesday we then saw price spike to the upside triggering buy orders as well as taking out any stop losses above the zone. Price consolidated above the 1800 zone until Thursday enticing even more buyers to go long. A strong reversal then came on Thursday which saw prices drop back below 1800 and the week closed on Friday with prices back below 1800 where it started the week. If the level continues to hold and we see Dollar strength return in the market this could very well trigger shorts on Gold and we could see lower prices in the foreseeable future. An Engulfing close below Friday's low around 1774 will be an important level for bears to watch.
FOREXCOM:XAUUSDShort
by Swiing
2
WEEKLY CHART - RANA SUGARS LTDThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. RANA SUGARS - MY VIEW - EXPECTED 150.63% RETURNS/ GAINS ✅✅✅✅ Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RANASUGLong
by Tradelikemee
The Nasdaq 100 feels the weight of soft earningsThe Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today. Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that we’re in a bear market. Microsoft (MSFT) and Alphabet (GOOG) shares fell around –8% and -10% respectively, causing concerns that Apple (AAPL) will also report a gloomy outlook later today. The Nasdaq 100 has risen over 11% since its October low, but price action suggests a swing high may have formed. A resistance zone around 11,680 includes the 50-day EMA, 38.2% Fibonacci ratio and previous swing highs, and a bearish pinbar has formed on the daily chart. Nasdaq E-mini futures : Despite the weak close, the Nasdaq 100 is currently set to open around 0.4% higher looking at price action on Nasdaq futures. Yet as prices are only drifting higher the current assumption is this is part of a retracement, and we anticipate a break of yesterday’s lows. Nasdaq 100 daily chart : Given we are amidst a busy earnings season, we’re not looking for an outlandish move and will be ready for markets to turn one way or another at short notice. But given the Nasdaq’s reluctance to break above resistance ahead of Apple’s earnings, the path of least resistance over the near-term seems to be lower. 11,200 makes a viable initial target ahead of the lows around 11,000 – which also coincides with the June low – a break beneath which brings the month to date (MTD) low into focus.
NASDAQ:NDXShort
by CityIndex
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸 A lot of questions about EURUSD. Here is my latest structure analysis and key levels to watch for you: Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support based on a price action of 2001 and 2002. On a daily time frame, a bit lower, we have a support line of a major falling parallel channel. The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce. Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel. They compose a supply area. Consider these structures for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
USDJPY: The Long-Term Goal 🇺🇸🇯🇵 This August was very bullish for USDJPY. The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart. I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high. We concluded that such a violation will push the pair much higher. I believe that the next long-term goal for buyers is 146.0 - 147.6 resistance, based on 25 years' high. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
"ABBOTINDIA" Swing trading ideaAbbotindia standing in the support zone if we see a pullback from the support zone then we are interested to take on trade from here. why support zone? we know that previous support work as support according to price action theory and high volume area also act as support when price come back to that zone and we add one more thing called average price, average price of some important event also work as support and resistance. here, we get conjunction of all these things. that is why we assume this zone can act as support. we add more things just for extra edge. Trading setup = Conjunction of ( Volume profile + Price action + Avarage price ) when pullback from the zone then we take long trade until waiting............................................................... thank you for your time
NSE:ABBOTINDIALong
by Tradeground
1
BTC Trend Weakening BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in which indeed the MACD line passes below the Signal line. However, we are getting closer to 200EMA resistance and to the trend line which will work as strong support. For this reasons, if such a structure were to be invalidated we suggest to take a short position as the following: Entry price: $22700 Target price: $22400 *30X Leverage
Short
by vf_investment
1
EURCHF: How to Catch The Next Bullish Move 🇪🇺🇨🇭 I have nicely predicted a pullback from a key weekly structure on EURCHF. Ahead is a strong daily supply area. To catch a further bullish continuation, wait for a bullish breakout (daily candle close above) of 0.9786 - 0.982 area. After a breakout, a bullish continuation will be expected to 0.987 / 0.9915 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,680 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $575, and a minimum expectation of $200. We are looking for BTC to hit the bottom of the liquidity vector created on July, 28th 📆 🕰️ Duration of trade: we are expecting this to occur within 2.5 hours possibly with a spike, or make a steady drawdown, with a maximum duration of 9 hours . We can see a weekend spike or slow drawdown, and then a spike around 4pm EST
Short
by VirlVideo
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point. 📈 LONG BTC - Entry Price : $23.920 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150 🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of 9.5 hours . ❗📋 We have a Signal for BTC to hit a Scalp, where we feel a quick spike up $200-250 is probable. But we do see a possibility of this trade taking a while and hitting near $24,500 at New York Market Open in the morning. Sometimes trades go slow until then. ❗📈BTC hitting 24,150 - 24,250 sooner then later to test the resent daily high seems very probable. Bitcoin might reject at this place, or shoot through, but we feel will touch this point regardless.
Long
by VirlVideo
2