Bitcoin 1H Buy Position SignalMEXC:BTCUSDT
As soon as the IDM.i has been grabbed, we waited for the SCOB to form.
And a few hours ago the SCOB has been formed and it allowed us to enter the Buy Position.
The target is reward 2 and 3 at least.
But always remember:
Trading is a long-term game which is survival depends on the Risk & Money Management we planned before.
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin regularly.
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC
Trading
Buy Position on GBPusd (Reward 6.5)OANDA:GBPUSD
In order to the EX zone in 4H time frame,
We go to 15m time frame to enter the buy position more efficiently.
Note: In EX zones, we can enter the position without any confirmation, but we always get better win rate by waiting for a confirmation signals to form.
The confirmation signals in my strategy (Tactical Smart Money) are two kind:
1. SCOB (single candle order block)
2. ChoCh in lower time frame
As always: Make sure you have a good partial exit plan, AND
"KEEP CALM & OBEY YOUR PLANS."
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
Building a Positive Mindset for Trading SuccessIn the world of trading, cultivating a positive mindset is essential for unlocking opportunities and maximizing potential outcomes. Positive thinking in trading involves recognizing prospects in every situation, learning from mistakes and setbacks, and nurturing a steadfast belief in your abilities and goals. Traders with a positive outlook tend to be more risk-averse while remaining open to growth, leading to more consistent profits. However, it’s crucial to approach risk strategically; unchecked optimism can lead to reckless decisions and financial losses. Thankfully, optimistic traders often find it easier to bounce back from errors, allowing them to maintain their focus in this challenging environment.
📍 Setting Yourself Up for Positive Trading
A constructive trading mindset facilitates learning and encourages the exploration of new strategies and techniques, promoting continuous improvement. Here are some effective strategies to set yourself up for success and cultivate a positive trading mindset
1. Articulate Goals and Strategies Positively: Frame your objectives with a positive spin. For instance, instead of saying, “I don’t want to lose money,” rephrase it as, “I aim to grow my wealth.” Rather than expressing fear about taking risks, remind yourself, “I possess the skills to manage risk effectively.” When uncertainty arises, tell yourself, “I will navigate this situation and find a solution.”
2. Practice Reframing: Reframing is the skill of pivoting your perspective to highlight positive outcomes and learning experiences. For example, if you close a trade at a loss, rather than viewing yourself as a bad trader, remind yourself that you’ve gained invaluable experience, equipping you to refine your strategy.
3. Celebrate Achievements: Acknowledge and celebrate your accomplishments, no matter how small. Avoid comparing yourself with other traders; instead, measure your progress against your past performance. This practice boosts your motivation and self-esteem, reinforcing your commitment to personal growth.
4. Employ Positive Affirmations: Integrate positive affirmations into your routine—short, empowering statements that reinforce your confidence and optimism. Phrases like “I am a successful trader,” “I achieve my goals,” and “I can manage any situation” can cultivate a positive mindset and focus.
5. Surround Yourself with Positive Influences: Engage with other traders who uplift and inspire you through their experiences and insights. Consume enriching resources—books, podcasts, articles—that not only expand your knowledge but also serve as motivation in your trading journey.
6. Avoid Comparisons: Recognize that each trader has a unique style, pace, and set of results. Instead of envying or attempting to emulate others, focus on your individual development. Embrace the understanding that success in trading is a gradual process that demands patience and persistence.
7. Enhance Your Skills and Knowledge: Continuous learning is integral to trading success. Dedicate time to studying theory, analyzing market trends, and keeping abreast of news that affects the markets. Experiment with diverse strategies and develop various analytical techniques. The more you master the nuances of trading, the greater your confidence will become—a key driver of a positive outlook.
8. Prioritize Rest and Relaxation: Trading can be intense and stressful . Ensure you allocate time to unwind and recharge. A rested mind is better equipped to make rational decisions and maintain a balanced perspective.
9. Implement Risk Management Strategies: Develop and adhere to robust risk management techniques to minimize anxiety and mitigate large losses. Solid risk management fosters a positive trading experience and helps maintain composure in turbulent market conditions.
10. Embrace Flexibility: Adaptability is vital in the ever-changing landscape of trading. Acknowledge that market conditions can shift unexpectedly and be prepared to adjust your strategies accordingly. View challenges not as obstacles, but as opportunities for growth that will enhance your resilience and expertise.
11. Cultivate Optimism: Focus on appreciating your current accomplishments rather than lamenting what you lack. Actively seek the positive side of people and situations. Maintain faith in your abilities and trust that things will unfold favorably.
By nurturing a positive mindset and employing these strategies, you can set yourself up for success in trading. Remember, every step you take toward maintaining an optimistic outlook will not only enhance your trading performance but also contribute to your overall well-being.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Dow: Key data, earnings and US election all coming upStocks rebounded on Monday with oil prices taking a 5% plunge, amid an apparent easing in Middle East tension. The restrained reaction by Israel after recent attacks has spurred optimism, with markets hoping for stability in the region. European indices closed higher as we begin a very busy two weeks, with lots of data, US election and central banks meetings on the way.
Treasury yields could take toll on stocks
With the 10-year rising to a new 3-month month high of 4.29%, this could unravel risk assets. Having just closed lower for the fifth consecutive day, resulting in a weekly loss of more than 2.5%, the Dow could be the one to watch for potential underperformance. Small caps also slumped last week, while the tech-heavy Nasdaq finished flattish, helped by Tesla’s earnings and Nvidia surging to a new record high.
Looking under the hood, financials (XLF) led the drop on Friday with a fall of 1.1% and nearly 2.1% for the week. Industrials (XLI) lost 2.8% on the week, while energy (XLE) lost 0.6% on the week and ensured a hattrick of weekly losses. Technology (XLK) was flat on the week, while semiconductor (SMH) rose 0.6%. Once again gold outperformed with GLD rising 0.8% last week.
With financials and industrials taking the biggest hit, and energy also not doing great, the Dow and Russell are the obvious markets for the bears to potentially target, if sentiment turns sour again.
Economic Data Points to Slower Rate Cuts
Last week’s stronger economic indicators have reinforced expectations that the Federal Reserve may take a measured approach to future rate cuts, but will that change in the week ahead with some top-tier data to come including JOLTS, non-farm payrolls and ISM surveys? Last week’s data releases—such as jobless claims, services PMI, and durable goods orders— all surpassed forecasts, suggesting economic resilience. If we see a similar outcome from most of this week’s data releases, then that could even raise question marks over further rate cuts beyond the two more priced in for this year, as the Fed may be more inclined to wait and see before easing policy further.
While a strong economy supports corporate earnings, it can also sustain higher yields, which may weigh on stock valuations. As a result, traders and investors are closely watching incoming data to gauge whether the Fed will indeed adopt a more gradual approach to rate reductions.
US Election Uncertainty Adds Pressure
The US presidential election is also in focus, with polls and odds markets showing a close race. Some betting markets are leaning toward a Trump victory, while other polls show a tie. A Trump win could have inflationary implications, potentially impacting the Federal Reserve’s approach to rate policy. Given Trump’s policies, investors may anticipate a more aggressive Fed response to manage potential inflation, which could affect stock prices and increase market volatility.
The uncertain outcome has led investors to adopt a cautious stance, with many waiting to see how the election results may influence the Fed's future policy decisions and overall market sentiment. This has been evident in markets falling last week, VIX rising and gold hitting new record highs.
Upcoming Earnings and Economic Reports
As we head into a pivotal week and a half, several high-impact events could shape market direction. Investors are bracing for a series of earnings reports from major companies, often referred to as the "Magnificent 7" stocks, alongside the US monthly jobs report. These, combined with the US election on November 5, represent a series of risk events that could sway investor sentiment.
Given the recent increase in yields, strong economic data, and the close election race, it is unlikely we’ll see investors rush to buy the dips. For now, a cautious approach may be warranted as investors navigate these uncertainties and await clearer signals for the market’s direction.
Week ahead: Jolts, BoJ, NFP and lots of earnings
There are at least a couple of major macro factors that could impact the Dow this week, while on a micro level, several tech names are reporting their results.
1) JOLTS Job Openings (Tuesday)
With the Fed’s focus turning to employment, we will give preference to any labour market indicators over other data releases in the next couple of months. Though this data release is not very up to date (with this one covering August), it can still impact the market because job openings are a leading indicator of overall employment, and they usually take a few months to be filled. Last time we saw a surprisingly strong print of 8.04 million, aiding the dollar’s rally.
2) US nonfarm payrolls (Friday)
Last month’s surprisingly good nonfarm payrolls data helped to fuel a big rally in the dollar as the market was forced to drop its calls for further outsized rate cuts from the Fed. Let’s see if those numbers will be revised and whether the strength in the labour market continued for another month. Any further strength in employment data could even call into question the now lower expectations of 50 basis points worth of more rate cuts in the next two FOMC meetings in 2024. This will undoubtedly move the Dow and other US indices too.
Dow key levels to watch
The technical Dow forecast has turned a tad bearish following last week’s drop. The last weekly drop of a similar magnitude took place in early September. That time, though, there was no immediate election risk, and so the index quickly bounced back and went on to hit new records in the pursuing weeks. This time, it could be different. Still, we will need to see a lower low to confirm the bearish reversal beneath the last short-term low at 41,800.
If seen, we could see a sizeable drop with the next obvious support not seen until around 40,900 to 41,000 area. The longer-term trend line and 200-day average converge around the psychologically important area of 40,000.
Standing in the way of these potential support levels is another one close to where the market finished on Friday and where it has staged a bounced from today, around 42,000.
In terms of resistance levels to watch, the most important one in my view lies at 42,400 to 42,500. This area is now pivotal insofar as the short-term technical outlook is concerned.
By Fawad Razaqzada, market analyst with FOREX.com
GOLD What Next? SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2740.0 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2729.5
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
EURUSD The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0793
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0817
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
NATGAS The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.525pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.384
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
SOL small correction and growthBINANCE:SOLUSDT
On solana we closed the trade perfectly as soon as I noticed the selling.
Now the correction that I was talking about earlier has started.
On the chart I have marked the 168.5-170.5 zone - this is the zone we need a correction to.
Also on the chart you can see 2 levels, which can also become a reversal level.
Now we expect the movement to these trigger zones. I advise not to open any trades before that, even if it turns from the current ones.
GBPAUD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9684
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9541
My Stop Loss - 1.9755
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
AUDNZD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The instrument tests an important psychological level 1.1017
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 - 1.1035
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 My Opinion! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2745.4
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2736.2
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: Move Down Expected! 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 1.08003
Wish you good luck in trading to you all!
GOLD: Local Correction Ahead! 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 2,726.557$
Wish you good luck in trading to you all!
DXY: Strong Bullish Bias! 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 104.315
Wish you good luck in trading to you all!
SILVER: Market Is Looking Up! Buy!
Welcome to our daily SILVER 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 33.68170$
Wish you good luck in trading to you all!
DXY Is Bullish! Long!
Please, check our technical outlook for DXY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 104.214.
The above observations make me that the market will inevitably achieve 104.676 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Is Very Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,730.973.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,782.993 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPUSD Is Going Up! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.296.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.306 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Will Grow! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 165.018.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 167.407 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD plan analysis week 44🌐Fundamental Analysis
In the absence of high-impact macroeconomic data and fundamental drivers, GBP/USD may react to changes in risk sentiment on Monday. On Wednesday, the UK government will present its Autumn Budget. The US economic calendar will also feature important data releases in the second half of the week.
The US Bureau of Economic Analysis will release the first estimate of annualized Gross Domestic Product (GDP) growth for the third quarter on Wednesday and release the Personal Consumption Expenditures Price Index (PCE) figures for September on Thursday. Finally, the US Bureau of Labor Statistics will release October labor market data on Friday.
🕯Technical Analysis
GBPUSD is trading within a bearish channel, and to break out of this channel, GBPUSD must trade above 1.3000. The areas of interest for next week are 1.31000 and 1.28200. This is the trading range for the week. Next week there is Nonfarm news pay attention to the further port area at the further support resistance area around 1.322-1.270.
USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 71.76 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.160.
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EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.801 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/NZD pair.
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