Yemi_FX1 | Short for XAUUSDCurrently on GOLD/US DOLLAR price is in it correction phase in the form of a bullish flag pattern. Anticipating for the next impulsive move which will be equalivant to the flag pole.
I'll be considering
A Risk entry type at the bottom of the bullish flag structure at an area of value.
Trader
NZD/CAD 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.
GBP/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.
Quick Bitcoin Scan in the Morning Good morning everyone
Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin!
Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin.
Make sure to check the video out so that you don't miss a potential entry on Bitcoin!
Also, please leave a comment and share if you like videos like that.
Many thanks and have a fantastic one legends
All the best
CH
GBP/CHF Long• If price corrects and a larger 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.
EUR/CAD 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.
Learning Plan: 13 Essential Topics to Study in Trading
Hey traders,
I receive dozens of questions each and every day concerning the topics to study to become an expert in technical analysis .
Here I have collected the main subjects that, in my view, are essential for successful trading.
*the order of the topics is spontaneous and there is no logical sequence
1️⃣ - Candlestick patterns
To me, candlesticks are very important for understanding market behavior. A single wick quite often can tell you a story.
Mastering different candle stick patterns, you will be impressed by how much data and information you may derive from analyzing them.
2️⃣ - Price action patterns
At first glance price chart is complete chaos.
The market looks irrational and it feels like there is no way to read it.
Price action patterns are the language of the market.
With them, the price fluctuations start to make sense.
3️⃣ - Support & resistance
All my predictions, all my trades & signals are always based on support & resistance levels.
These are the levels that make the market change its direction, they influence the market so much, therefore you should learn to identify them and constantly hold them on focus.
4️⃣ - Supply & demand zones
The only difference between support & resistance and supply & demand zones is the fact that the first ones are represented as levels while the second ones are represented as the zones.
The identification of these zones is very important for proper market analysis.
5️⃣ - Key levels
Key levels are the strongest supports and resistances.
Of course, spotting various supports and resistances on the chart,
we can not say that they all are equal in their significance.
There is a strong (however subjective) hierarchy of them.
The most significant are called key levels and from them, the most significant moves are always expected.
6️⃣ - Trend analysis
When I teach my students how to analyze the price chart,
I always start with a trend analysis topic.
Knowing where exactly the market is going,
having specific and objective rules for the trend identification
are necessary for successful trading.
7️⃣ - Top-Down analysis
Multi-time frame analysis is my passion.
I am constantly combining the signals & observations from different time frames to make my trading decision and predict future market moves.
It proved to be a very efficient method of trading various markets.
8️⃣ - Financial instruments
Though to many it may sound obvious, in practice I know that a lot of people are struggling with a simple question "What to trade?".
You must learn to properly build your watchlist and you should have strong reasoning behind the selection of each unite that is inside.
9️⃣ - Trend following trading
As we know, the trend is our friend. And even though the phrase itself is very simple and straightforward, it takes so much effort and time to learn to follow the trend properly.
1️⃣0️⃣ - Counter trend trading
Occasionally the market reverses. Properly identifying early reversal signs and then catching a sharp counter-trend move, huge profits can be made.
Even though such a style of trading is considered to be extremely risky, being applied properly will generate a lot of cash.
1️⃣1️⃣ - Risk management
Losses are inevitable.
They are part of the game and we can do nothing about that.
The only thing that we can do, however, is to control the losses.
Calculating the risk for every single transaction is essential to avoid a margin call.
1️⃣2️⃣ - Leverage trading
Leverage selection, margin are the things that are tightly connected with risk management topic.
These are the terms that you must know how to operate with.
1️⃣3️⃣ - Trading psychology
Playing with real money, occasionally losing significant portions of your trading account can be a tough game.
It takes time to build a strong psyche to deal with the irrationality of the market.
Which topic to start with?
Pick any, learn it, study it.
They all are equally important so at the end of the day you need to cover them all in order to become successful.
Let me know, traders, what do you want to learn in the next educational post?
USD/JPY - I was a little iffy, but Shorted AnywayOANDA:USDJPY
With a crazy unexpected week of our wonderful banking institutional surprises and hopes of FOMC not raising rates by 50 basis, it has been a wild week thus far.
Scalped my 10 hard pip TP before NYSE open.
Trade management
Trade well everyone, be safe
USDCAD: Your Trading Plan For Today 🇺🇸🇨🇦
USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.
To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
IF the price breaks and closes above that on 1H, probabilities will be high that we will see
a pullback from the underlined structure.
Goals will be 1.374 / 1.378
If the price sets a new lower low, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
NZD/CAD Short• If price impulses below our most recent correction, 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.
EUR/CAD Short• If price impulses below our most recent correction, 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.
GBP/CHF Long• If price corrects and a tight flag forms, 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.
SasanSeifi 💁♂️FTM/USDT 3D /LONG FROM 0.33/0.30 LET'S SEE!HI TRADERS, As you can see,the price faced selling pressure from the indicated supply area by examining the #FTM 3-day time frame. Currently, there is a possibility of further price correction in the range of 0.30/0.33. If the 0.30 level is maintained, we can expect price growth from that level! It should be seen how the price will react to the bullish BB (0.30/0.33).💹
The next important support is 0.20/0.18
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
GBP/CAD Short• If price impulses down, it does so in a convincing manner 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/USD Short• If price impulses down below our rayline, it does so in a convincing manner 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.
GBP/AUD 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/CAD 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.
AUD/NZD Long• If price impulses up above our area of value, it does so in a convincing manner and a subsequent tight flag forms, 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.
NZD/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/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.