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Lookback into a Yield Seeking Analytics: EUR Hit TargetDear Investors, Goal I often hear: "... but I learned from my mistakes." This phrase might be a kind emote of forgiving yourself, but you can learn much more from your successes. Today, I want to write more about an example of a success because I learned from it. I want to explain what I learned from this take profit and conclude the analytics because I know most of you never return to how an analytics you read concluded. In this follow-up analytics, I'll extend the chart of the previous setup and communicate the original data I didn't specify in that analytics. I also want to have this written because some of you prefer reading over watching my videos. In the meantime, I've released an open-source indicator on TradingView, and you'll see how this indicator could have extended or contradicted the analytics. News & Sentiment Analytics The initial analytics started with news analytics. I believe news can overwrite technical indicators. So, I usually begin my analytics with the news. For this purpose, I wrote some natural language processing algorithms. Some of you wrote to me, that you don't believe AI can outperform humans in supply/demand location and liquidity detection. Perhaps, that's true, but the fact is, while you commit your attention to one market and limited news, AI simultaneously processes hundreds of thousands of news from thousands of news agencies. From all these data, I emphasized the following in the analytics: "Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors." I often extend news analytics with sentiment analytics. I could have written any combination of news, but I gave one as an example where sentiment analytics estimated a heavyweight. Technical Analytics & Chart Patterns In the video analytics, I used daily candles because I wanted to protect your attention from intraday noise. Nevertheless, the price action happens to be smooth. So, in this idea, I used 4-hour candles to better show the projection of how the price went into the take profit area. Once I got an idea about a possible bearish trend from news and sentiment, I added my humble technical analytics knowledge to the setup. I noted the rising channel chart pattern that statistically, often breaks downward. You find the dotted purple trendlines on the chart. Furthermore, I calculated a demand zone between the two blue trendlines. I guessed the price could seek demand somewhere in this area. That's why you saw a falling arrow in the analytics. The trendlines themselves are the results of candle analytics, which is part of my technical analytics. Indicators In the signal idea, you couldn't see my Adaptive MFT Extremum Pivots indicator because I released this TradingView script after my video analytics. However, this script wasn't necessary to get a profitable vision. I added it to the update to note how the level where the price managed to fall aligns with the S3 support level, and the demand zone news-sentiment-pattern estimated aligns with the zone where the supports (S1-S3) are located. You can read the precise values in the indicator's table in the bottom right corner of the chart. Results: +2.64% ROI, -0.18% drawdown, Trail Profit Eventually, I added date and range computing arrows to the chart to show the results. It says a +2.64% profit over 45 bars (9 days, 12 hours). You can see the timestamp of the sentiment analytics above the candles: 01 December. You can also read the sentiment analytics idea in TradingView. See the relevant ideas. I used a stop loss at $1.102. In the worst-case scenario, I'd book a -0.18% drawdown, but the price never hit the negative limit. I don't specify the future price in this idea because I moved my stop loss down to act as a trail profit until the price decides to reverse, and I booked my profit. It's not an investment advice. I don't claim mine was the only possible setup to take a profit from the price action. Historic results don't guarantee future returns. No indicator or analytics is inherently more superb than the others. Do your research. I only hope you learned a few practices from this idea you can use in your analytics, too. Kind regards, Ely
by Elysian_Mind
BTC Price Target: $48kHow high could this COINBASE:BTCUSD pump go? FWB:48K is a solid level to exit. There was a local low at FWB:48K in March of 2022. The Fib retracement level .618 between the ATH of SWB:69K and cycle low of $16k is at FWB:48K Many traders are talking about exiting at this level, which will bring selling pressure I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade. I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits. "Buy the rumor, sell the news." We are in the rumor stage, people.
Long
by tokentradertv
1
AUDCAD LONG Trade ManagementI am currently long AUDCAD with +480 pips across two lots. Price has reached an untested supply zone and is also up against a 78.6 fib extension and 50.0 fib retracement level. I am going to go ahead and scale down my positions, take profit and move my stops to trail from break even. Short, medium, and long term indicators support both a strengthening Aussie and Canadian dollar, which can be a little tricky to navigate. In a perfect world you want to see one strong and/or strengthening currency against a weak and/or weakening. Thus I think it prudent to go ahead and take some dinero off the table.
Long
by thetradeWELL
🔹 #XAUUSD Trade Analysis Condition 1: Bearish Movement If the price movement indicates a bearish trend, we can consider entering a short position between the entry points of 1940-1939 after a pullback. Our first take profit level (TP1) could be set between 1910-1905, while TP2, which serves as a target rather than a fixed TP, could be in the range of 1865-1860. It is crucial to identify a logical level as the stop loss (SL) to manage risk effectively. Condition 2: Bullish Breakout In the event of a bullish breakout above the 1905-1910 level, we should exercise caution and wait for a retracement before considering a short position. Once the price retraces to the range of 1953-1951, we can enter a short position. The same set of take profit levels mentioned earlier (TP1 and TP2) can be employed. It's important to adhere to a logical SL level to protect against potential losses. Please note that given the current downtrend, it is advisable to avoid initiating long (buy) positions during these days. Corrections in a downtrend may provide opportunities for short positions. Remember to conduct your own analysis and adapt the strategy based on market conditions. Trade wisely and use proper risk management techniques. #XAUUSD #ShortPosition #BearishTrend #TakeProfit #StopLoss #TradingView
FOREXCOM:XAUUSDShort
by POUSHEINI
1
Bitcoin's Dance- AI's PredictionFor Bitcoin's 1hr chart, the close price surpasses the 20-period EMA, suggesting a short-term uptrend. However, it lingers below the 50-period SMA, signaling medium-term bearishness. Interestingly, the long-term outlook seems bullish with the close price above the 200-period SMA. The daily chart contrasts this: Bitcoin's close price is under all EMAs and SMAs, indicating overall bearishness. Still, both charts have an ADX above 20, hinting at a strong trend, and the CCI remains bullish. This blend of indicators presents a complex scenario. Trade Recommendation: Considering the indicators, a trend-following LONG trade on a 1hr timeframe seems apt: Entry: Wait for a slight pullback and enter around 29351.96. Take Profit (TP): Aim for the 1hr resistance at 29459.77. Exit (Stop-Loss): Set just below the 1hr medium-term support at 29045.81. Given the proximity of the resistance, a fixed take profit is recommended rather than a dynamic trailing stop. Confidence Score and Explanation: Confidence: 3/5 The trade suggestion is moderate in confidence due to the mixed signals. The 1hr chart leans towards a bullish momentum, while the daily suggests bearishness. The approach is trend-following, banking on the short-term bullish signs in the 1hr chart. Still, traders should remain alert and adhere to the set stop-loss.
BITSTAMP:BTCUSDLong
by ForexPilot
How To Lose Small When Trading BigLosing trades aren't always bad. It's when you don't manage the trade before you lose that can make losing trades bad. Let me walk you through 4 positions that I stacked week and show you how I avoided losing thousands of dollars and kept the loss to under 1%. Firstly, it's important to understand that I am a swing trader which means I observe a variety of higher timeframes. Secondly, I use my own strategy called TMP. It's based around every pullback within the trend cycles so I can trade the continuation of the trend. Thirdly, This analysis was mostly done on the weekly, daily, 4 hour, and 2 hour timeframe. Lastly, I aim for more than 2:1 reward to risk trades and for these trades I was sure to keep my losses below $500 a trade. Trade 1 s3.tradingview.com This trade was based on the weekly timeframe. The reward to risk was around 4.50 and I knew I'd be in this trade long term. Probably around a month or so, maybe longer. I risked 0.50% in the trade because I needed to build the analysis and I knew I wanted to stack more trades in case price went my way which you will see me begin to build in the new few trades. Trade 2 s3.tradingview.com This trade was based on the 4 hour timeframe. Price made a new higher high on the 4 hour. I set a pending order so when price pulled back it would trigger me into the trade. This trade was a 8:1 reward to risk ratio. I risked 0.50% on this trade. Price began to go my way. I felt good about the trade. Trade 3- Trailing the stop begins s3.tradingview.com Price made a new higher high. I had to drop down to the 2 hour timeframe to get a good view of this trade. My feelings on this trade was neutral. I reminded my self that no matter what I'd follow my rules. So I set another pending order and went about my day. The Reward to risk on this trade was a 16:1. I risked 0.25% on this trade. Now at this time I'm sitting at 1.25% of risk in 3 trades. This was when I decided to move my stop loss on both trades underneath the third trades higher low. I had just a little risk left on both of these trades but nothing heart stopping. I was stoped out of the third position for a for around -0.27%. But my first two trades continued to run. Trade 4- The last stand s3.tradingview.com Then price went my way. I realized I wanted to be long again and the entry sat right where I'd just entered my precious losing trade. The reward to risk was 19:1. Whew! This was the opportunity of opportunities for me this week and I couldn't avoid entering. So I set another pending order to buy. It triggered and a few hours later, I lost the trade. and my other trades were taken out as well. I lost a total of $761. This was only 0.76% loss in my account because of how I managed my trades as price went up in profit. Had I kept my trades at the same risk(1%) and never moved my stop loss I could have lost $4000 this week. The key to losing small is to build out your positions each time price makes a new high or low depending on the direction of the trade. I built 4 positions and I have to say I would do it again. The potential for big rewards to risk got me, and I knew risk 1% on each trade would have meant I'd lose my funded account due to their drawdown rules. I cannot lose 3% in one day. Thats very manageable when you decrease your risk per trade. Thats what had to be done. If you don't think you can pass a challenge by decreasing you risk, your rewards aren't big enough. If you learn anything from the trades I entered this week, the previous statement above is how can lose small while trading big. Do I still believe NZDCAD can go up? Yes! As long as price stays above the weekly higher low. I'll build out this scenario again. Well, I really do pray you enjoyed this recap from my trading this week. I had no other trades on my other currency pair so it was a smooth trading week. Be sure to like this article if you enjoyed it and found it intriguing. If you have any questions do ask them below. Much love and blessing❤️ Shaquan
Long
by ShaquanLopez
2
Three Effective Commodity CFD Trading Strategies Whether you're a seasoned trader or new to the world of commodities, understanding the various strategies that are available may play an important role in building a successful trading plan. In this article, we’ll explain three types of commodity CFD trading strategies and provide examples of each that you could get started with today. Commodity Trading Explained Commodity trading refers to the buying and selling of raw materials and industrial components in the financial markets. While Forex trading deals with currencies, commodities trading primarily deals with physical goods. Typically, commodities fall into four broad categories: energy, metals, agriculture, and livestock and meat. There are many reasons why people trade commodities. Some trade them as a way of hedging against inflation; this is particularly true of precious metals. Others might use them to take advantage of a booming economy, as demand for energy, metal, and food usually increases in times of economic growth. Commodities trading is a practice that dates back thousands of years. In the past, early civilisations had to buy and store these goods physically, but nowadays, there are many types of commodity trading available. In the 21st century, traders don’t need to buy and store goods; they can trade them as a contract for differences (CFDs). More about commodity CFD trading can be found on FXOpen. Also, traders can gain exposure to commodities through stock and exchange-traded fund CFDs, which you’ll also find on our platform. 3 Examples of Commodity CFD Trading Systems Broadly speaking, commodities CFD trading strategies can be divided into two categories: fundamental, based on economic factors and news, and technical, based on past price movements and market trends. We’ll be looking at three technical strategies. If you’d like to follow along, you can use a risk-free demo account. Please note that given the wide spreads usually seen in commodities, it’s preferable to use at least 15-minute charts. 1. Trading Breakouts A breakout refers to the rapid price movements seen after an area of support or resistance is broken. However, breakout trading may be harder than it seems. A “fakeout” - a move beyond a support or resistance level that quickly reverses - may trap traders and put them in the red. Therefore, some traders prefer to wait for confirmation and enter with a stop-limit order. - Entry: Once an area of support or resistance has formed (A), price needs to break through and create a swing high or low (1). When the price returns to the level, an opposing high or low should form (2). Then, you may set a stop limit order at the previous high or low (1) to catch the confirmed breakout. - Stop Loss: The strategy suggests setting a stop above the swing high or low that creates the retest. - Take Profit: Traders may take profit at a level that gives them a 2:1 risk/reward ratio. Some prefer to trail their stop, while others might move it to breakeven and manually take profits at future areas of support and resistance. 2. Trading Trends Trend-following strategies have a potential to do well with commodities, given that their trends can last weeks, months, or even years. This specific strategy uses moving averages to confirm the direction of the trend with additional confluence from the Relative Strength Index (RSI). - Indicators: RSI (14), Exponential Moving Average (EMA) of 21 (grey) and 50 (orange). - Long Entry: When EMA 21 crosses above EMA 50 and RSI is above 50 (showing bullishness), the first retest of EMA 21 may be considered an entry point (2). - Short Entry: When EMA 21 crosses below EMA 50 and RSI is below 50 (showing bearishness), you may enter on the first retest of EMA 21 (1). - Stop Loss: For longs, you could set a stop just below EMA 50 and trail as the moving average moves up. For shorts, you could set a stop just above EMA 50 and trail as the moving average moves down. - Take Profit: Traders usually start taking profits at a level that gives them a 2:1 reward/ratio. Alternatively, you might take profits when RSI dips below 50 for a long trade or above 50 for a short trade. Trading Ranges While commodities can be highly volatile, like other assets, they also experience ranges. Range trading is another type of planning and trading of commodities. The use of volatility-based indicators, like Bollinger Bands, alongside an indicator that tells you whether price is trending or ranging, like the Average Directional Index (ADX), may be helpful when trading ranges in commodities. - Indicators: Bollinger Bands (20, 2), ADX (14, 14). - Entry: The theory suggests a trader goes long when ADX is below 20 and the price touches the lower Bollinger Band and goes short when ADX is below 20 but the price touches the upper band. - Stop Loss: There are a couple of ways to set a stop loss here. One way might be to use a set number of pips, or perhaps roughly half the size of the entry candle. Alternatively, a trader could set a standard deviation of the Bollinger Bands to 3 and use the newly-formed bands as a stop. - Take Profit: Since this is a range trading strategy, it’s expected that positions are closed on touching the opposing band, but a trader can choose to leave some in and move their stop at breakeven to potentially be involved when the range breaks out. Ready to Start Your Commodities CFD Trading Journey? Now that you have three potential strategies under your belt, you may start thinking about your next steps. If you’re thinking of testing these strategies on a live market, you may try the TickTrader platform. You’ll have the chance to gain valuable experience with these strategies and see what works best for you.
FXOPEN:XAUUSDEducation
by FXOpen
Importance of a Stop Loss🔴 A stop-loss (SL) is a limit order that specifies how much loss you are willing to take on a trade. It prevents you from making additional losses on a trading position. 🟢 A take-profit (TP) works as the exact opposite of a stop-loss. It specifies the price to close out a position for profit. When you have a take-profit order, the trading platform you are using closes your position automatically when the price level is reached. These tools are beginner friendly and are usually effective for short term trading. The first thing a trader should consider is that the stop loss must be placed at a logical level. This means a level that will both inform the trader when their trade signal is no longer valid, and that actually makes sense in the surrounding market structure. There are several tips on how to exit a trade in the right way. The first one is to let the market hit the predefined stop loss that you placed when you entered the trade. Another method is to exit manually, because the price action has generated a signal against your position. I advise you to use Stop Loss for EVERY trade that you open. Trading without a Stop Loss is a huge risk and it requires specific strategy and experience.
Education
by SanShone
Bharat Forge Ltd. Double BottomA Double Bottom formation has emerged on the Daily chart of Bharat Forge, and the price is currently approaching the neckline of the pattern. The slight upward tilt of the second bottom in the pattern suggests a bullish bias. Furthermore, the 10EMA has crossed above the 50EMA, indicating a potential upward movement. I have placed a buy order at Rs. 802.50, with a Stop Loss set at Rs. 756.53, which corresponds to the bottom of the pattern. With a Risk:Reward ratio of 1:1, the Target Price can be set at Rs. 850.
NSE:BHARATFORGLong
by sudhanshug92
3