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BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, As you can see our 4H chart idea has been playing out well with Bullish targets now all Hit, including our extended targets we shared yesterday to 1822 and 1828 - BOOOM! Price retraced down and found support at our channel floor, where we confidently took our long position for a perfect exit at 1809 confirmed with our algo. Price is now back in the range and therefore our chart idea is now back in play to track and trade using EMA5 cross and lock, as we continue to buy dips from support levels. If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
19
GoldViewFX - DAILY CHART STRUCTURE AND ANALYSISHey Everyone, Please see am updated daily chart structure, As you can see the daily chart is very much in a Bullish stance challenging the resistance structure in the range AT 1817. Although we saw price break above this level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to open 1857 Goldturn. If we see a rejection at this level and as we are seeing now then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see MEA5 cross ma200 then it will further solidify the move down to 1742. The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - Market UPDATEHey Everyone, We finished off with a great day yesterday with our next target of 1822 HIT, which we trailed all the way from 1816 with a lovely TP HIT. As you can see the resistance structure is now broken opening the upper levels 1822, 1831 and 1837. We can track and trade this with EMA5 cross and lock confirmation. We have a retracement zone above 1800 at 1806. If we see a retracement, we would like to see this area to provide support to continue with the Bullish momentum. We have also updated our swing range to 1777. Please also refer to our 4H and daily chart setups and ideas to keep in mind our longer range targets Our plans to buy dips from support levels are still in play. We will continue track and trade this movement level to level confirmed with cross and lock. BULLISH TARGETS 1798 - DONE 1806 - DONE 1815 - DONE EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN REMAINING LEVELS 1822 - DONE 1831 1837 BEARISH TARGETS 1792 - DONE 1783 - DONE 1777 SWING RANGE 1777 EMA5 CROSS AND LOCK BELOW 1763 WILL OPEN THE LOWER LEVELS 1760 1750 1741 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
REVEALED: THE DOW JONES 30 What, Facts and Make-upAll index traders trade it... But do we know anything about The Dow Jones? I'm going to break down what it is, some interesting facts about the Index and what companies makes up the index. Save it because it's all you need for the Dow Jones. WHAT IS THE DOW JONES? The Dow Jones 30, or DJIA or "The Dow" is a stock market index that reflects the performance of 30 large, publicly traded companies listed on the New York Stock Exchange and the NASDAQ. INTERESTING FACTS! 1. The index was created by Charles Dow, editor of the Wall Street Journal, in 1896. 2. The DJIA is calculated by taking the sum of the prices of the stocks of the 30 companies included in the index, and then dividing that sum by a divisor, which is adjusted periodically to account for stock splits and other corporate actions. 3. The DJIA is considered a "price-weighted" index, meaning that the stocks with higher prices have a greater impact on the index's value. 4. The DJIA is one of the oldest and most widely followed stock market indices in the world, and it is often used as a barometer of the overall performance of the U.S. stock market. The DJIA is composed of a mix of blue-chip and cyclical stocks, which means that it tends to be more stable than some other stock market indices, but it can also be affected by economic and market cycles. The DJIA is often abbreviated as "the Dow" and is quoted in points, rather than dollars. For example, a DJIA value of 32,920 means that the index is at 32,920 points. WHAT IS MADE UP OF THE DOW JONES? 3M American Express Apple Boeing Caterpillar Chevron Cisco Systems The Coca-Cola Company DuPont Exxon Mobil Goldman Sachs The Home Depot IBM Intel Johnson & Johnson JPMorgan Chase McDonald's Merck Microsoft Nike Pfizer Procter & Gamble Travelers UnitedHealth Group United Technologies Verizon Communications Visa Walmart The Walt Disney Company Exxon Mobil What Index would you like to know about next? I'll write about it and post it here. Trade well, live free. Timon MATI Trader
DJ:DJIEducation
by Timonrosso
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. Although the chart structure is Bullish, and we are expecting another challenge to 1806 Goldturn, we must keep in mind this is a resistance structure and failure here may start with some retracement into the areas below. Our plans to continue to buy dips are still in play and we will keep the retracement levels in mind when planning entries. BULLISH TARGETS 1798 1806 EMA5 CROSS AND LOCK ABOVE 1806 WILL OPEN 1815 AND 1822 BEARISH TARGETS 1789 1783 1777 1769 EMA5 CROSS AND LOCK BELOW 1769 WILL OPEN THE SWING RANGE SWING RANGE 1754 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated Goldturn levels and targets for our 1H chart setup. Price is ranging between both support and resistance structures. We saw price tested 1758 resistance twice last week but EMA5 failed to cross 1758 confirming the rejection foe the push down. We then saw price break below 1750 but EMA5 failed to cross 1750, which confirmed the rejection for the push up. We will need to see a break of either of these levels with EMA5 cross and lock to confirm the next structure. BULLISH TARGETS 1754 1758 EMA5 CROSS AND LOCK ABOVE 1758 WILL OPEN UPPER LEVELS (1761, 1765, 1767) BEARISH TAREGTS 1750 1746 EMA5 CROSS AND LOCK BELOW 1746 WILL OPEN THE FULL SWING RANGE SWING RANGE 1730 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated 4H chart weighted Goldturn levels and targets. We are now seeing price range sideways between 1739 - 1755. EMA5 failed to cross 1739 twice forming a double bottom confirming the push up. We are now seeing price test 1755 but failed to cross with EMA5. We will need to see this level break to confirm 1778. Our plans to buy dips from support levels is still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level. BULLISH TARGETS 1755 1778 1797 BEARISH TARGETS 1739 1718 SWING RANGE 1707 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - END OF WEEK UPDATEHey Everyone, Quick closing post for the week. We had a TARGET at 1761 yesterday, which was HIT during the Tokyo session. However, EMA5 failed to cross 1758, which followed with a rejection, as stated yesterday a failure to cross and lock 1758 will follow with this rejection. However, we remained Bullish from Dips and strategically took buys from the drop using our Intraday levels and MA touches and finally rode the move up again. We will now come back Sunday with our full multi timeframe analysis for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated 4H chart setup and analysis. This chart has broken the first level of the support structure at 1760 with a gap left open to 1742. However, there is a EMA5 detachment left above on Marlet close on Friday at 1755, so market may go and challenge this on open and if this finds momentum, it can go for the bullish targets, leaving 1742 open. Should price challenge 1742 first, we will look for EMA5 to cross and lock below to confirm further movement down or a rejection here will see price head back up for the retest on last week's high. We will track the levels using EMA5 cross and lock zone to zone and level to level. BULLISH TARGETS 1755 1760 1777 1788 BEARISH TARGETS 1742 1731 EMA5 CROSS AND LOCK BELOW 1742 WILL OPEN THE SWING RANGE SWING RANGE 1707 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - DAILY CHART LONG TERM GOLD OUTLOOKHey Everyone, Update on our DAILY chart long term setup. Still playing out, as projected. We are currently seeing some correctional retracement with a gap still open to 1740 - 1727 ZONE. Once price finds support again, we expect another push up for MA200 touch. We will be tracking and trading the movement level to level on the lower time frames but keeping in mind the potential of a similar long-term breakout like May 2021. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, Please see our updated weekly chart analysis. This chart played out perfectly so far. We had the support challenge at support structure 3 weeks ago followed with a nice push up just like we analysed with a perfect HIT at 1787 level. We are now seeing a rejection here, as we also have a EMA5 detachment below just above 1710, also in line with the swing range on our smaller time frame analysis. Although the detachment is below it can magnetise halfway before heading back up, as this area of resistance that price has challenged; historically always tested more than once and then eventually broken to the upside, otherwise followed with huge drop down, which we currently can't see. This is our long-term view, so we will keep this in mind while tracking and trading the movement level to level on the shorter timeframes. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
KNC Divergence by ADZ indicatorBINANCE:KNCPERP KNC can see one more capitulation but we have a good news ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Global FIB. Came to investments area -0.18 Level. ➡️Now we can test on weekend 0.54 D1 timeframe global downtrend line ➡️Target for middle term correction for next bull run if you are investor 0.618 marked ➡️Capitulation on Black Swan 0.16 cents (more than possible for KNC ➡️We need volume for continuation. We trade under fundamental price ➡️Good sign by ADZ indicator big players accumulate KNC and price going lower. We can see one more dump for confirmation Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
KLong
by Crypto4light
GoldViewFX - Market UPDATEMorning Everyone, Just a quick update for you all. We are seeing the range bound movement since rejection at 1680 and now seeing support 1668. We will look for EMA5 to break and lock either side to track the next breakout. We have also updated a Goldturn channel, which we will use to track the movement. We remain Bullish from dips and taking buys from support levels using our VIP intraday levels. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - END OF WEEK UPDATEHey Everyone, We had a fantastic finish to the week once again. Please see our 4H chart and summary below, which is now fully complete with all targets HIT. BULLISH TARGETS 1651 DONE 1664 DONE 1672 DONE EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718 - WE WILL LOOK OUT FOR THIS NEXT WEEK BEARISH TARGETS 1641 - DONE 1632 - DONE 1625 - DONE EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597 SWING RANGE 1626 - DONE BACK TO BENCHMARK ALSO COMPLETE - PLEASE SEE BELOW We will now come back Sunday with our full Multi timeframe analysis for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Enjoy your weekend everyone! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GoldViewFX - Market UPDATEHey Everyone, Price is testing the swing range now and we need to see EMA5 cross and lock below 1625 to open the lower range, as per targets below. However, should price fail to cross and lock below this level we will see a new Goldturn above this level, as a confirmed rejection for price to push up again. Our levels are still valid and therefore, we will use our EMA5 cross and lock to track this movement level to level in either direction. Yesterday's Fed rate announcement and the subsequent press conference gave something to both professional gold bulls and bears. The retailers and the dumb money simply got chopped up like mince. The frenzied action both ways was a result of the Fed's double talk. We currently have a global pivot in play, but the Fed still categorically refused to join in with clear statements although they refused to push the idea of hitting a high peak rate. That was in contrast to previous statements for expected rate hikes in 2023 hence the idea in some quarters that they were being dovish. Dovish by contrast however does not mean dovish in reality and we now see the market scrambling for their next move because of the asymmetry. Today is the Bank of England's Super Thursday which will rock GBP/USD with their rate hike announcement and this in turn will impact gold. We also have NFP tomorrow so please be sensible with lot sizes and ruthlessly disciplined with your risk management. It is worth noting that volatility should not be feared if you have a successful strategy in place. Indeed, volatility can provide the best periods for profitability so long as it is managed volatility. What we have been seeing recently is volatility creeping outside of being influenced/managed by market manipulators. Even this can be traded through so long as you know what you are doing. Here at GVFX, we collect the pips through the quiet, the storm and after. BULLISH TARGETS 1651 DONE 1664 DONE 1672 EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718 BEARISH TARGETS 1641 - DONE 1632 - DONE 1625 EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597 SWING RANGE 1626 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
18