USDJPY Massive Short! SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 152.65
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 152.04
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Trading-signals
EURUSD The Target Is UP! BUY!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0764
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0806
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURUSD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0854
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0807
My Stop Loss - 1.0881
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
TESLA Expected Growth! BUY!
My dear subscribers,
This is my opinion on the TESLA next move:
The instrument tests an important psychological level 164.86
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 175.58
My Stop Loss - 158.48
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GOLD A Fall Expected! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2354.9 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2331.2
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPCHF Technical Analysis! SELL!
My dear followers,
This is my opinion on the GBPCHF next move:
The asset is approaching an important pivot point 1.1451
Bias - Bearish
Safe Stop Loss - 1. 1476
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.1399
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDJPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The price is coiling around a solid key level - 100.31
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 99.985
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
DEMO KING SYNDROME: DISADVANTAGES OF A DEMO ACCOUNTThis post is directed towards novice traders who harbor the belief that honing trading skills and mastering profit-making strategies is achievable solely through practice on a demo account. However, the unforgiving reality of statistics paints a stark picture: approximately 65-80% of novice traders find themselves facing financial losses within the initial months of transitioning to a real trading account. Surprisingly, the extent of practice on a demo account beforehand appears inconsequential in mitigating these losses. If your aim is to cultivate profitable trading abilities while safeguarding your account from losses, relying solely on a demo account will inevitably fall short of achieving this goal.
DISADVANTAGES OF A DEMO ACCOUNT 🚫
A demo account works like a simulator, allowing you to do everything you would on a real account, but with virtual money instead of real funds. In essence, it's designed to help you get comfortable with the trading platform.
PSYCHOLOGY 🧠
Trading on a demo account provides a risk-free environment, shielding traders from the consequences of losing real money and thus alleviating mental strain. Consequently, traders might exhibit a tendency towards more aggressive decision-making compared to their approach on a live account. In the absence of mental pressure and the fear of missing out (FOMO), errors are less likely to surface.
IT IS IMPOSSIBLE TO STUDY THE PSYCHOLOGY OF TRADING 📝
One of the pivotal aspects of successful trading lies in the adept management of emotions. Yet, it's widely acknowledged that the emotions experienced on a demo account pale in comparison to those felt on a live one, making it challenging for traders to grasp how these emotions influence their decision-making. When a trader initiates a trade, it's akin to embodying a different persona altogether.
A demo account falls short in providing a crucial element: it fails to address the fear associated with taking the first step into live trading; instead, it perpetuates hesitation. Every time a trader deliberates on transitioning to a real account, excuses surface: "I'm not quite prepared yet," or "I need to further refine my strategies," and so on. Despite spending an indefinite amount of time on a demo account, the leap to real trading remains elusive.
NO NEED TO CAREFULLY OBSERVE RISK MANAGEMENT 📊
There's often a tendency to overlook the importance of diligent risk management. Why bother calculating the risk percentage for each trade or determining the stop loss length when there's no fear of losing money from a demo account? After all, it's easy to replenish virtual funds at any time. Consequently, even if a trader sets out to learn about risk calculation, they may approach it with less seriousness at a subconscious level. Consider this: A trader may achieve impressive gains, perhaps even exceeding 20%, in a single trade on a demo account. But can they replicate the same success on a real account?
SLIPPAGES 🔢
Slippage is a critical consideration in trading dynamics. On a live account, brokers source quotes from providers, and ensuring that traders receive these quotes with millisecond precision is technically advantageous for the broker. This precision becomes paramount in algorithmic trading, where even a split-second delay can translate into a significant price shift of several pips. Conversely, in the controlled environment of a demo account, trades are executed seamlessly. However, it's essential to note that slippages, especially those spanning several points, can markedly impact outcomes, particularly in high-frequency trading strategies like scalping. The primary distinction lies in the timeliness of quote delivery: traders on live accounts benefit from real-time, accurate quotes, whereas those on demo accounts may encounter delays.
COMMISSIONS $
On a demo account, commissions are often not fully accounted for.
ALL FUNCTIONS OF THE TRADING PLATFORM ARE NOT ALWAYS AVAILABLE 🖥️
It's worth noting that not all features of the trading platform are consistently available on demo accounts. Certain brokers might opt to limit access to specific functions on these trial platforms, perhaps as a means of encouraging traders to transition to a live account. However, it's important to recognize that a demo account holds intrinsic value. It serves as a practical tool for grasping the fundamental concepts of trading. Particularly for those who are new to the platform, a demo account offers a risk-free avenue for gaining familiarity.
Moreover, viewing demo trading as a game of chance is not uncommon. Just as some individuals enjoy racing or strategy games, others find satisfaction in virtual trading simulations. Over time, engaging in this activity can gradually pique interest in trying one's hand in the real market.
CONCLUSION 💡
Novice traders often perceive a demo account solely as a simulator for mastering the art of profitable trading, which is a misconception that frequently results in losses when transitioning to a real account. However, the true purpose of a demo account is twofold: first, to acquaint oneself with the functionalities of the platform, such as executing trades, calculating trade volumes, and utilizing indicators; and second, to test trading strategies. If a strategy proves to be unprofitable on a demo account, it's highly likely to yield losses on a real account as well. Conversely, even if a strategy yields positive results during demo testing, there's no guarantee of success on a real account. The true mastery of trading with financial assets can only be attained through experience on a real account.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
AUDUSD Set To Fall! SELL!
My dear followers,
I analysed this chart on AUDUSD and concluded the following:
The market is trading on 0.6576 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6538
Safe Stop Loss - 0.6599
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USOIL Will Collapse! SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 86.67 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear V signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 84.99
Recommended Stop Loss - 87.55
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPCAD Will Explode! BUY!
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7055 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7130
Recommended Stop Loss - 1.7012
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USDCHF Massive Short! SELL!
My dear subscribers,
This is my opinion on the USDCHF next move:
The instrument tests an important psychological level 0.9060
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8999
My Stop Loss - 0. 9092
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPAUD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The price is coiling around a solid key level - 1.9201
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.9285
Safe Stop Loss - 1.9156
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDJPY Massive Short! SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 151.60
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 151.38
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD Set To Grow! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0749 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0798
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
AUDNZD My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0943
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0931
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SILVER Under Pressure! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 26.457 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 25.495
Recommended Stop Loss - 27.009
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURAUD Trading Opportunity! BUY!
My dear subscribers,
EURAUD looks like it will make a good move, and here are the details:
The market is trading on 1.6455 pivot level.
Bias - Bullish
My Stop Loss - 1.6416
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.6524
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPNZD What Next? BUY!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.0978
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.1050
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
GBPCAD Technical Analysis! SELL!
My dear followers,
I analysed this chart on GBPCAD and concluded the following:
The market is trading on 1.7133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.7113
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURUSD What Next? SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0874 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0830
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
GBPCHF Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1470
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1405
Recommended Stop Loss - 1.1502
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDJPY The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The price is coiling around a solid key level - 151.93
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 151.72
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK