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NZD/USD Short, EUR/NZD Short, EUR/AUD Short and EUR/USD ShortNZD/USD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
7
HPQ Entry, Volume, Target, Stop, ResistanceEntry: when price clears 31.47 Volume: with daily volume greater than 8.49M Target: 36.00 area Stop: Depending on your risk tolerance; 29.98 gets you 3/1 Risk/Reward - I would close the trade immediately if proves moves lower after earnings! Resistance: 35.30-35.75 This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:HPQLong
by tradepatiently
2
GBP/NZD Short, AUD/USD Short and EUR/GBP LongGBP/NZD Short • If price corrects and a tight flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
7
EURUSD - AnalysisObserve the current Forex analysis for EURUSD, focusing on the return towards the weekly resistance point at 1.0833. Let's closely monitor the price dynamics of EURUSD on both the daily and 15-minute charts. The price has experienced a rally, bringing it closer to the significant weekly resistance point at 1.0833. This level, ranging from 1.0833 to 1.0841, represents the weekly resistance and also corresponds to the high point reached on Friday. Our attention is drawn to the possibility of the price rallying momentarily but encountering a barrier at this intra-day resistance zone. Such an occurrence could potentially lead to a subsequent downward movement, with the aim of reaching the daily support level at 1.0778.
Short
by Blackerberg
GBP/NZD Short, EUR/NZD Short, NZD/USD Short and EUR/GBP LongGBP/NZD Short • If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it. • If I miss the risk entry, or price reaches my area of value impulsively, then I'll be waiting for a subsequent impulse back down from my area of value followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
7
GBP/JPY LongGBP/JPY Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
10
EUR/AUD Short, NZD/USD Short, AUD/USD Short and USD/CAD LongEUR/AUD Short • If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
5
WTICO/USD Short and GBP/JPY LongWTICO/USD/ Short • If price corrects and a tight one hour flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/JPY Long • If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
9
The Paradox of Patience and Action: Navigating the Waiting Game In the fast-paced world of trading, where split-second decisions can spell the difference between success and failure, the paradox of patience and action presents traders with a conundrum that is both intriguing and challenging. This paradox encapsulates the delicate balance between waiting for the right moment and taking decisive action when opportunities arise. Navigating this waiting game requires a deep understanding of market dynamics, psychological resilience, and a strategic approach that melds patience with timely execution. The Nature of the Paradox The paradox of patience and action in trading emerges from the juxtaposition of two seemingly conflicting principles. On one hand, there is the virtue of patience, which encourages traders to bide their time and not rush into trades impulsively. Patience is often portrayed as a key characteristic of successful traders, allowing them to avoid impulsive decisions driven by fear or greed. On the other hand, trading demands a swift response to changing market conditions. Waiting too long to execute a trade can lead to missed opportunities, while hesitating to exit a losing position can result in exacerbated losses. This paradox is rooted in the inherent volatility of financial markets. Prices can swing dramatically in a matter of seconds, and the line between profit and loss is thin. Traders must find a way to balance the need for careful consideration with the urgency of timely execution. The Power of Patience Patience in trading is not synonymous with inaction; rather, it’s about making deliberate and well-informed decisions. Patient traders take the time to thoroughly analyze market trends, study historical data, and evaluate the potential risks and rewards of a trade. They resist the urge to jump into positions based on FOMO (fear of missing out) and instead wait for confluence—when multiple indicators align to suggest a high-probability trade. Moreover, patience is closely tied to discipline. Trading can be emotionally charged, especially during periods of high volatility. Patience helps traders avoid emotional reactions to market fluctuations, allowing them to adhere to their trading plans and strategies. This self-control is what distinguishes successful traders from those who fall prey to their impulses. The Precision of Action While patience lays the foundation for successful trading, action is the catalyst that turns potential into profit. Acting on well-researched insights and strategies is essential for capitalizing on market movements. Successful traders understand that waiting too long can mean missing out on prime entry points. The key is to find the balance between patience and seizing opportunities. However, taking action doesn’t mean being hasty or impulsive. Traders should have clear entry and exit points, and they should be prepared to adapt their strategies if market conditions change. The ability to execute trades swiftly, yet thoughtfully, sets the tone for a trader’s overall performance. Navigating the Paradox So, how can traders navigate this paradox effectively? The answer lies in a multidimensional approach that incorporates both patience and action. 1. Strategic Planning: Traders should have a well-defined trading plan that outlines their goals, risk tolerance, and strategies. This plan serves as a roadmap, helping traders make informed decisions based on their predetermined criteria. 2. Continuous Learning: The world of trading is dynamic and ever-evolving. Traders should dedicate time to learning about new strategies, market developments, and trading technologies. This knowledge equips them to adapt their approaches to changing circumstances. 3. Risk Management: Patience and action should extend to risk management. Traders must be patient in setting stop-loss orders to protect their capital, while also being ready to take action and exit a trade when it’s clear that the trade is not going as planned. 4. Emotional Intelligence: Emotional resilience is a crucial asset for traders. Developing the ability to remain patient under pressure and execute trades without being influenced by emotions is a skill that requires constant cultivation. 5. Simulation and Practice: Novice traders can benefit from using simulation platforms to practice their strategies without real money at stake. This helps them fine-tune their patience and action balance in a risk-free environment. 6. Reflection and Adaptation: Regularly reviewing trades and outcomes provides valuable insights. Traders can identify patterns of success and areas for improvement, allowing them to adjust their strategies accordingly. Conclusion The paradox of patience and action is a fundamental challenge in the world of trading. Mastering this paradox requires a blend of strategic patience and decisive action. Successful traders understand that patience is not synonymous with inaction, and action is not synonymous with impulsivity. Navigating the waiting game involves a delicate dance between carefully analyzing market trends and seizing opportunities when they present themselves. Ultimately, the path to success in trading lies in the synergy between patience and action. Traders who can balance these seemingly opposing forces are better equipped to weather the stormy seas of the financial markets and emerge with their portfolios not only intact but thriving.
PEPPERSTONE:NAS100Education
by lazyluchi
2
EUR/JPY Long• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
6
Where is Bitcoin going?BINANCE:BTCUSDT Bitcoin after the formation of wave C, which passed 138% of wave A, we have to wait for an upward movement, and I have the range of 32000 to 33000 to start in my mind! After that, we will again experience a short downward correction and return to 29900, and after that, I am considering a small upward movement to the final range of 36000, and finally we will go for a semi-heavy fall to... (this is just one It is one of the scenarios in my mind and will be updated if needed)
Long
by benyamin013
EUR/JPY Long, NZD/USD Short and NATGAS/USD ShortEUR/JPY Long • If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Short • If price pushes up to and ideally just above our preferred area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NATGAS/USD Short • If price corrects and a larger three touch one hour flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:NATGASUSD
by StewySongs
6
#Bitcoin - thoughts out loud #19Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Having familiarized myself with the market situation on the younger time frames, I can note several key points of the situation that need to be paid attention to. First of all, the current decline in volatility on the first cryptocurrency indicates that the "spring" is narrowing and should soon shoot. The false distribution phase is coming to an end, so I expect a successful spike test or the last point of resistance, as it happens, if one of the signals is present, this is a 90% long scenario and then we will see how easy it will be to stop this locomotive. Secondly, in the case of a true distribution, the price should break the local highs above 32000 and then we can safely talk about Bitcoin at 27000, possibly even cheaper. This is a short action plan in a few words, thank you for your attention, all the best. A like or a comment would be the best thank you from you. To those reading, I wish you all the best of luck! Thank you for your attention, and a special thanks for your likes and comments. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
XAUUSD Break and Retest with short trade!Goodmorning Traders, In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the channel. After a week of mixed data for the dollar between the PPI and the CPI, it is now time for selling. Gold is poised to return to levels not seen in months, around 1880-1900. Feel free to comment and leave a like to support our work. Happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
2
Bitcoin (BTCUSDT) Breaks Wedge Pattern Yet AgainBitcoin is once again displaying its strength by breaking above the wedge pattern, signaling the potential for an upcoming rally. While it's important to acknowledge the possibility of further downside, the probability of the uptrend continuing is considerably higher. In this scenario, we're leaning towards a long opportunity, setting our profit target at the 161.8% resistance level. If and when this target is reached, there's a potential for BTCUSDT to experience a 14% increase from its current price. The risk-to-reward ratio is notably favorable, making this an enticing trade setup. Let's closely observe how this situation unfolds and whether the market aligns with our analysis.
Long
by CryptoPAMM
2
NZD/USD slides on China's soft trade numbersThe New Zealand dollar has declined by 1% on Tuesday. In the North American session, NZD/USD is trading at 0.6044, down 1.01%. Earlier, NZD/USD touched a low of 0.6034, its lowest level since June 8th. China's post-Covid recovery has not gone according to plan, as weak global demand and soft domestic demand have weighed on economic activity. This message was reiterated on Tuesday as China posted disappointing trade data in July. Exports fell by 14.5%, worse than the 12.4% decline in June and the consensus estimate of -12.5%. It was a similar story for imports, which declined by 12.4%, down from -6.8% and below the estimate of -5%. The weak trade numbers from the number two economy in the world are dismal news for the global economy, particularly for New Zealand and other Pacific Rim countries that are heavily dependent on trade with China. New Zealand is China's number one trading partner and the soft trade report out of China has sent the New Zealand dollar tumbling on Tuesday. The markets are braced for more bad news on Wednesday, with the release of Chinese CPI. As China's economy weakens, we're seeing signs of deflation. The consensus estimate for July stands at -0.1%, after a -0.2% in June. On an annualized basis, the estimate for July stands at -0.4%, after a reading of zero in June. Deflation is a signal that China's economy is in trouble, which does not bode well for New Zealand. The Federal Reserve continues to send a hawkish message to the markets, which has helped boost the US dollar. Fed member Bowman said on Friday that the Fed might have to deliver "additional rate increases" in order to bring inflation back down to 2%. This would put her at odds with the money markets, which have priced in a pause in September and are looking ahead to rate cuts early next year. On Monday, FOMC member Williams said that he expects that the Fed will need to keep a restrictive stance "for some time", dependent on the data. Still, the money markets have priced in a pause at the September meeting, which would mark only the second pause since the Fed began raising rates in March 2022. NZD/USD is putting pressure on support at 6031. Below, there is support at 0.5964 0.6129 and 0.6196 are the next resistance lines
by OANDA