EURCHF The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURCHF below:
The instrument tests an important psychological level 1.7764
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 - 1.7955
Recommended Stop Loss - 1.7650
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
GOLD: Strong Bearish Bias! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,488.450$
Wish you good luck in trading to you all!
DXY: Move Up Expected! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 101.820
Wish you good luck in trading to you all!
EURUSD: Local Correction Ahead! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.10481
Wish you good luck in trading to you all!
Understanding The Gambling Mindset In TradingGambling addiction is a pathological and uncontrollable urge to gamble, characterized by an inability to manage emotions and a failure to stop in time, often leading to intense emotional outbursts in response to negative outcomes. Initially, this term was used within the context of gambling to describe a situation where an individual experiences rage and loses control over themselves and their surroundings, often resulting in rapid financial loss. However, with the rise of various tools and strategies in Forex and prop trading, this term has also become relevant for traders.
📍 How to Learn to Conquer Your Impulses
Signs of Gambling Addiction:
1. Irresistible Urge to Bet: A compulsive need to place bets or open positions at any cost, often without grasping the potential consequences. This feeling is driven by a deep-seated excitement and the inner voice saying, “I just want to!”
2. Intense Emotional Responses: Dramatic fluctuations in mood, often resembling hysteria, can occur alongside the betting behavior.
3. Despair and Euphoria: A cycle of self-destructive feelings, manifesting as despair or euphoric highs, regardless of financial outcomes.
It's important to recognize that gambling addiction yields no positive results, whether a trader wins or loses money.
📍 Causes of Gambling Addiction:
1. Illusion of Easy Profits: Many brokers use aggressive marketing techniques, such as promotions and bonuses, to attract newcomers. Initial successes in trading can create a false sense of euphoria, leading traders to become overconfident. This complacency can result in careless mistakes and a quick depletion of their accounts. Experienced traders understand that a few profits should not lead to complacency.
2. All-In Betting Mentality: Traders who have something to lose and lack self-control may find it difficult to admit defeat. This can lead to placing high-stakes bets in the hope that luck will ultimately favor them. It’s not uncommon for desperate traders to resort to loans, further exacerbating their financial situations.
3. Innate Psychotype: Certain personality traits may predispose individuals to gambling addiction. Those who thrive on risk may be more susceptible to compulsive trading behaviors.
In trading, a clear sign of gambling addiction is a reliance on risky strategies, such as the Martingale system, paired with a lack of a coherent trading strategy or effective risk management practices. These tendencies can lead to significant financial harm and emotional distress.
📍 Consequences of Gambling:
• Loss of Deposit: This is often the immediate financial consequence, leading to significant monetary losses for traders.
• Self-Disappointment: Many traders experience profound disappointment not just with their trading outcomes, but also with themselves. This can lead to feelings of discouragement, stress, and apathy.
• Emotional Turmoil: The emotional rollercoaster of trading can be intense, characterized by highs of euphoria and lows of despair.
📍 How to Reduce Emotional Dependence in Forex Trading:
1. Invest Only What You Can Afford to Lose: Limit your investments to funds that won't impact your financial stability if lost. This helps alleviate pressure and allows for a more rational approach to trading.
2. Set and Adhere to Limits: Establish clear profitability targets and consistently stick to them. If your target is met, close the position without awaiting a potential trend reversal.
3. Recognize and Learn from Mistakes: Develop the ability to assess unprofitable positions realistically. Close losing trades rather than clinging to the hope of a reversal.
4. Maintain Emotional Control: If you experience anger or a strong urge to recover losses, take a break from trading. Stepping back can help clear your mind and reduce impulsive decisions.
5. Develop a Risk Management Strategy: Create a clear plan that details your lot sizes, risk per trade, and stop-loss lengths. Ensure you test this strategy using a demo account to refine your approach without financial risk.
Accountability. Remember that in 90% of trading failures, the responsibility lies with the trader, not the broker or the trading platform. Recognizing your role in trading outcomes can empower you to make informed and responsible decisions moving forward.
📍 Summary
Individuals struggling with gambling addiction, heightened emotionality, and an inability to calculate risks should refrain from participating in trading. Forex operates as a zero-sum game, where the financial resources of some traders are transferred to others. Success in this environment is reserved for those who approach trading with a cold-blooded, pragmatic mindset and the ability to analyze situations several steps in advance. Continuous improvement in knowledge and emotional discipline is essential for achieving success in the Forex market. Emphasizing strategic decision-making and risk management is crucial for long-term prosperity in trading.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
BTCUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for BTCUSD below:
The instrument tests an important psychological level 64168
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 - 62032
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
GOLD Massive Long! BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2503.4 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2513.3
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
BTCUSD: Strong Bullish Bias! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 58,713.92
Wish you good luck in trading to you all!
ETHUSD: Market Is Looking Down! Sell!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,456.7
Wish you good luck in trading to you all!
BTCUSD Technical Analysis! BUY!
My dear followers,
I analysed this chart on BTCUSD and concluded the following:
The market is trading on 59144 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 60713
Safe Stop Loss - 58175
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: Move Up Expected! Buy!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 74.40
Wish you good luck in trading to you all!
ETHUSD: Local Correction Ahead! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,546.21
Wish you good luck in trading to you all!
BTCUSD: Strong Bearish Bias! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 58,563.48
Wish you good luck in trading to you all!
SPY The Target Is DOWN! SELL!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 563.59
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 561.46
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
NZDCAD Buyers In Panic! SELL!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8437 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8354
Recommended Stop Loss - 0.8490
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
USOIL What Next? BUY!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 74.21 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 75.14
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
GOLD Massive Long! BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2503.4 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2511.1
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
CHFJPY Set To Fall! SELL!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 171.56 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 170.88
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
EURGBP My Opinion! BUY!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8422
Bias - Bullish
Safe Stop Loss - 0.8389
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8476
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
EURJPY Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The instrument tests an important psychological level 160.93
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 - 162.17
Recommended Stop Loss - 160.33
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 Will Explode! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1092
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1122
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
USDCHF The Target Is UP! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8435
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear Bullish , giving a perfect indicators' convergence.
Goal - 0.8548
My Stop Loss - 0.8379
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
EURCHF Sellers In Panic! BUY!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9387 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9450
Safe Stop Loss - 0.9351
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