XAU-USD - GOLD | 4H | SHORT | TECHNICAL CHARTHello traders; FXOPEN:XAUUSD
I have determined the formation target on the chart. I wish everyone success.
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Feel free to post your ideas and questions at the comments section.
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Trade!
NZD/USD Short, GBP/CHF Short, AUD/NZD Short and GBP/USD ShortNZD/USD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Today weare going HIGHER EURUSDLast setup was pretty good for EURUSD but i had no triggers. Unfortunately my long limit ordes wasn't triggered for few pips. This time i want to swing and i am entering long targeting 1.09250 and i will DCA if price will go lower. I have some strong motivations for that and i think today's NFP will give us a good pump. ECB has finally started to cut rates, USD is getting weaker while GOLD price Is rising (and china Is buying GOLD and selling USD). I think EURUSD price can reach 1.11/1.12 before December
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short, NZD/CHF Short and SUGAR/USD ShortNZD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDJPY (Bearish trend )USDJPY technical analyse
The price has a bearish pressure because can be stabilized under the strong barrier which is 155.445, so the bearish station is 154.700 and 154.260, and the next bearish station will be activated by breaking the support zone means under 154.260 to get 152.850
Pivot line: 155.400
Resistance line: 155.950, 156.590, 157.970
Support line: 154.260, 152.850, 150.770
The expected trading range is between support 152.850 and Resistance 155.500
AUD/NZD Short and WTICO/USD ShortAUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Foreign exchange trading skills worth collecting (Part 1)
Charlie Munger once said that if you are allowed to punch a maximum of 20 holes in a piece of paper, each time you punch means you lose a trading opportunity, and after 20 times, your opportunities will be used up. At this time, will you cherish every opportunity?
The same is true in foreign exchange trading. For each transaction, you must treat your account balance as the last bullet. This requires us to constantly reflect and sum up our experience so that every transaction can gain something, whether it is money or experience, we must accumulate something.
The following are 72 trading tricks that I have carefully compiled for you. I hope it will help you on your trading journey! The content is too long, divided into 3 articles,introduction. Please pay attention to it.
72 foreign exchange trading tricks
1. Only use the money you can afford to lose: If you use your family's funds to engage in trading, you will not be able to calmly use your mental freedom to make sound buying and selling decisions.
2. Know yourself: You must have a calm and objective temperament, the ability to control emotions, and will not suffer from insomnia when holding a trading contract. Successful commodity traders seem to have always been able to remain calm during the transaction.
3. Do not invest more than 1/3 of the funds: The best way is to keep your trading funds three times the margin required to hold the contract. In order to follow this rule, it is okay to reduce the number of contracts when necessary. This rule can help you avoid using all the trading funds to decide on buying and selling. Sometimes you will be forced to close the position early, but you will avoid big losses.
4. Do not base trading judgment on hope: Do not hope too much for immediate progress, otherwise you will buy and sell based on hope. Successful people can be unaffected by emotions in buying and selling. When a novice hopes that the market will turn in his favor, he often violates the basic rules of buying and selling.
5. Take proper rest: Buying and selling every day will dull your judgment. Taking a break will give you a more detached view of the market; it will also help you look at yourself and the next goal from another state of mind, so that you have a better perspective to observe many market factors.
6. Do not close profitable contracts easily, and keep profits continuous: Selling profitable contracts may be one of the reasons for the failure of commodity investment. The slogan "As long as there is money to be made, there will be no bankruptcy" will not apply to commodity investment. Successful traders say that you can't close a position just for the sake of profit; you must have a reason to close a profitable contract.
7. Learn to love losses: If you can accept losses calmly and without hurting your vitality, then you are on the road to success in commodity investment. Before you become a good trader, you must get rid of your fear of loss.
8. Avoid entering and exiting at market prices: Successful traders believe that buying and selling at market prices is a manifestation of lack of self-discipline. Unless you use market prices to close a position, you should aim to avoid market orders as much as possible.
9. Buy and sell the most active contract months in the market: This makes trading easier.
10. Enter the market when there is a good chance of winning: You should look for opportunities with a small possibility of loss and a large possibility of profit. For example, when the price of a commodity is close to its most recent historical low, then the possibility of it rebounding upward may be greater than the possibility of it falling.
11. Pick up unexpected wealth: Sometimes you buy and sell a commodity and get a greater profit than expected in a short period of time. Rather than waiting a few days to see why profits come so quickly, it is better to take them and run!
12. Learn to short sell: Most new investors tend to buy up, that is, buy in markets that they think will rise, but because the market often falls faster than it rises, you can quickly make profits by selling at high prices and buying at low prices. Therefore, the counter-trend operation method is worth learning.
13. After making a decision, act decisively and quickly: The market is not kind to those who procrastinate. So one of the methods used by successful traders is to act quickly. This does not mean that you have to be impulsive, but when your judgment tells you that you should close your position, do it immediately without hesitation.
14. Choose a conservative, professional and conscientious salesperson: A good salesperson must be able to pour cold water on you in time to prevent you from overdoing it in this market; at the same time, he must also have professional knowledge to provide you with exceptions that may occur at any time in the market.
15. Successful operations are like slowly climbing up a slope, while failed operations are like rolling down a slope: the stories of getting rich in one day that are widely circulated in the market are just stories. Without a solid foundation, even if you get one day's wealth, you can't keep it. Therefore, successful operators must try to create a framework, cultivate good operating habits, and slowly establish a successful operating model.
16. Never violate good rules: What is a good rule? As long as you think it is a good rule that can help you make a profit or reduce losses in operation, it is a good rule, and you should not violate it. When you find that you have violated a rule, leave the market as soon as possible, otherwise you should at least reduce the volume of operations.
17. Putting it in your pocket is real: a wave of market conditions cannot rise continuously without rest, and you must learn to put the profits in your pocket to avoid the profits on the books turning into losses.
18. Try to use the market for hedging: when the overall economy weakens, market risks increase. In order to reduce risks and increase profits, hedge and sell hedging in the market in order to form a price insurance function.
19. Buy when there is a rumor that the price is going to rise, and sell when it really rises: If there is a rumor in the market that the price is going to rise, then you should buy based on this news, but when this news comes true, it is time to sell. For one sell, there may be multiple sell news, because the market tends to build news into the market price.
20. The bull market will be crushed by itself: This is an old trading rule in the trading market. It says that when the price of a bull market soars, it may be crushed to the limit by its own weight. So, when you are in a bull market, you should be particularly bearish on news.
21. Detect price trends: The price chart is one of the basic tools of successful traders. You can use it to see the main trend of prices. A common mistake made by commodity investors is to buy when the market is basically trending down, or sell when it is rising.
22. Pay attention to the breakout points in the trend chart: This is the only method used by some successful traders. They draw a curve chart of the trading price for several consecutive days. If the price trend breaks through the previous trend and remains for more than two or three days in a row, it is usually a good buy or sell prompt.
23. Pay attention to the 50% retracement point in the main trend: You may often hear that the market is running in a technical rebound. This means that after a big rise (or fall), the market will have a 50% reverse movement.
24. When choosing buying and selling points, use the half-cut rule: This means finding the range of commodity buying and selling, and then cutting the range in half, buying in the lower half, or selling in the upper half. This rule is particularly useful when the market follows the chart track.
I hope it helps you. The rest will be updated in new articles. If you need it, you can check it on the homepage after following it.
Special words for gold trading
We often see these words when trading. If you understand them, trading will be easier.
Including "deposit, withdrawal, position, closing, take profit, stop loss", etc.; they mean:
Deposit: remit personal funds to the trading account for trading;
Withdrawal: transfer part or all of the balance in the trading account to a personal bank account;
Position: the name of the trader buying and selling contracts in the market; establishing a trading order is called "establishing a position", a buy order is called a "long position", and a short-selling order is called a "short position"
Closing: ending a held buy order or sell order;
Take profit: the trading order finally achieves the profit target and leaves the market with a profit;
Stop Loss: When the order loss reaches the maximum tolerable amount, admit the loss and leave the market;
In addition to the commonly used terms, there are also some special terms involved in the trading market;
For example: heavy position, light position, carry order, lock position, liquidation
Heavy position: Most of the funds in the trader's account are involved in order transactions
Light position: The trader only uses a small part of the funds in the account to participate in the order;
In trading, there is a most basic principle that "don't put all your eggs in one basket"
There are always risks in the financial market, and traders should remember one sentence:
Avoid risks, trade with light positions, and never hold heavy positions.
Light position standards:
Total loss of holding positions ≤ one-tenth of the account amount
The number of lots for a single transaction of 10,000 US dollars is not more than 0.5-1 lot
Carry order:
When traders encounter losses, they have no stop-loss strategy, do not know how to stop losses and choose opportunities to start over, but always hold losing orders and bet everything on the rise and fall of the market. This is a behavior that should be avoided in trading.
Locking:
Similar to "carrying orders", when traders encounter losses, they do not implement stop-loss strategies, but establish reverse orders while holding loss orders. Locking can only allow traders to temporarily stop further losses, but cannot get rid of losses. If the net value is not enough, a "black swan event" will occur, and the short-order spread will increase instantly, which will also lead to a margin call.
Margin call:
When the funds in the trader's trading account are not enough to trade, it is a margin call; margin call means the loss of all principal.
If you are a novice, these must be helpful to you! I will share trading knowledge from time to time, and you can follow me if you need it.
GBP/CAD Long, AUD/NZD Short, USD/CHF Short and GBP/AUD LongGBP/CAD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it.
USD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level.
Thank you very much for supporting me with your likes.
If you traders want to receive constant updates under this post, there should be at least 50 likes.
Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected
According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline.
The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate.
On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate.
Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts.
Technical Analysis of Gold
The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%.
The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs.
Volatility is expected to remain high until the market closes.
Pivot Price: 2347
Resistance Levels: 2369, 2388, 2397
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397
USDJPY WEEKLY OUTLOOK### Weekly Market Outlook
Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets.
Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored.
Wednesday: Key inflation data from Australia will be released, offering insights into the RBA's upcoming monetary policy decisions.
Thursday: A series of significant U.S. economic indicators will be published, including preliminary GDP q/q figures, unemployment claims, and pending home sales. These data points are crucial for understanding the U.S. economic trajectory.
Friday: The week concludes with several important releases. Japan will report its Tokyo core CPI y/y and industrial production data. The eurozone will release its CPI figures, the final print before the next ECB meeting. In the United States, the core PCE price index m/m, personal income m/m, and personal spending m/m data will be released, providing a comprehensive view of recent consumer activity.
Throughout the week, several FOMC members are scheduled to speak, potentially offering insights into future monetary policy. Additionally, Barclays suggests that month-end rebalancing might signal strong dollar selling, a factor to consider in trading decisions.
In the U.S., CB Consumer Confidence is expected to decline from 97.0 to 96.1. Analysts at Wells Fargo highlight a discrepancy: consumer spending has recently increased, while consumer confidence has declined since the beginning of the year, reaching its lowest level since 2022. This decline in confidence may stem from persistent concerns about rising prices, despite a drop in inflation from its peak. Additionally, a slight rise in unemployment has contributed to a less optimistic economic outlook.
Technical Analysis:
The price continues to experience bullish pressure towards 157.970, with a potential further rise to 159.820 upon breaking this level.
A correction to 156.590 is possible before resuming the bullish trend. The bearish scenario will be triggered if the support line at 156.590 is broken, potentially leading to a drop to 155.940 and 155.445
Pivot line: 156.590
Resistance line: 157.970, 159.82, 161.820
Support line: 155.950, 155.450, 154.700
The expected trading range is between support 155.450 and Resistance 157.970
previous weekly idea:
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders.
Key takeaways:
Using limit orders is generally considered one of the safest ways to buy or sell a security.
Modern technology allows placing buy and sell orders with a few mouse clicks.
A stop-loss and stop-limit orders are used to protect an investor’s capital.
A trailing stop locks in some of the accrued profits.
Quick trade orders get instantly filled by a single or double click on a bid or ask button.
Limit order
A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security.
Quick-trade order
Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price.
Market order
When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders.
Good ‘Til Canceled order (GTC)
This type of order remains active until it is filled or canceled.
Stop-loss and stop-limit orders
A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation.
Trailing stop order
A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Bullish Sentiment in Hindustan Unilever Ltd. Options TradeSpot vs. Strike Price: The spot price (2395.95) is very close to the strike price (2400.00), indicating that the option is near the money.
Contracts and Open Interest: With 4155 contracts traded and a high open interest of 696600, there is significant trading activity and interest in this option.
% Change and Closing Price: A 14.62% increase in the options price to 66.25 suggests bullish sentiment, as traders are willing to pay more for the option.
PCR Volume: A put-call ratio of 0.179 is relatively low, indicating that there are more call options being traded compared to put options. This typically suggests a bullish outlook among traders.
Position Build Up: This indicates that traders are increasingly taking positions in this options contract, which could lead to further price movement.
Summary:
The data indicates a bullish sentiment for Hindustan Unilever Ltd. with the options contract strike price close to the spot price, significant trading volume, a high percentage price change, and a low put-call ratio. The position buildup suggests that traders are expecting potential price movements and are positioning themselves accordingly.
AUD/USD Long, SUGAR/USD Short and EUR/USD LongAUD/USD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.