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aud/nzd set 2 Potential Bullish set upshere I'm looking for the correct move back down to our major areas of interest 1st entry is potentially sniper entry -- how ever if the trade goes against us we will capitalize on a 2nd entry information shared is for educational and demo purposes only, please practice proper risk management while trading in the financial markets! Disclaimer- Trading contains risk and no one should trade money that they cant afford to loose, please reach out to a professional to go over a risk management and investment strategy that works best for you and your current financial situation! Disclaimer -- I AM NOT A FINANCIAL ADVISOR and past profits don't guarantee a future results!
Long
by therealbinarymaster
Bitcoin situation update and Trading PlanSo, in the previous idea of February 3 (I will attach), I assumed a correction in the block 21500-20800 as you can see, our scenario from this idea is perfectly implemented, for a better understanding, I strongly recommend reading this forecast and trading plan. Now to the current situation , I am now taking the side of an aggressive buyer and getting both alt and bitcoin as I was waiting for the price to come into this range . Moving on to the technical picture - we are in a strong support block , which was previously our resistance , these are the price values of $ 21500-20800 , I believe that now there is an additional accumulation of the asset with the goals of throwing into the block 28-30 k for bitcoin . IT is IMPORTANT to keep this support block as when anchoring below , the road to the next range is open . I have shown you an approximate version of the price movement , and also noted the main levels that you need to follow . If you make a trading decision about recruiting and following my proposed trading plan , then be sure to recruit partially and from the anchors , so that the recruitment process is easy for you psychologically . I 'll write a few more words about the viola , there are a lot of new , and most importantly , relevant setups for the viola set , so check it out - maybe look at something , I repeat , I 'm also starting to gradually dial the alt in this range , I 'm typing only the one that I gave in the channel . In general , I briefly described my action plan , if something is unclear , then ask in the comments . Good luck in trading .
Long
by ezzzforme
ICP Trading plan for those who are out of position / long setupSo , today I decided to share with you my trading plan for this coin , this is due to the fact that most likely now a lot of people have missed the growth and comfortable entry points for altos , and in the market as a whole , and there are probably such among my readers , too , so right now I will tell you the whole plan for recruiting positions with excellent medium - termgoals . Let 's start with the current situation , we have a clearly formed head and shoulders figure , its border is broken , which means it is confirmed . I believe that the price will continue its decline to the key support block of 5.2-4.9$, this decline fits perfectly into the structure of the market, it will demolish the stops on a similar decline in Bitcoin, thereby cooling the overheating. Why is the decline in this particular block ? This. the range is very strong and valid , and also confirmed by time , pay attention to how the price reacted in these price values . Now , after we have identified a block that is comfortable for a position set , we begin to gradually gain a position , in this range we gain 50% of the allocated amount and put a stop that I marked on the chart , the execution of this stop in my opinion breaks the ascending structure and shows weakness . In general, you scored 50% of the amount that you allocated for this transaction and set a stop, now it remains for us to observe and get a position according to the buyer's reaction (noted on the chart), IT is IMPORTANT to do this on a clear confirmation and fixing on local time intervals (4h), so you have carried out another set already with CONFIRMATION that on our market is extremely important . Congratulations, the main work is done, now we are just waiting for the full absorption of sales (falling) and already after the breakdown of $ 6.1 we add the final remaining amount to the position and hold it to our goals, after a bold breakdown and exit for $ 6.2, you can safely transfer the stop to no loss, it is important to note that your amount of addition should decrease, thatit would be hard not to shift your entry point . If you have any questions about the transaction , I will answer in the comments , write . There are also a lot of current setups on the channel . Good luck in trading
Long
by ezzzforme
4
🧠 The Mind Of A Smart TraderTrading psychology is influenced by emotions like greed and fear, which can drive irrational behavior in markets. Greed causes excessive risk-taking and speculation, while fear causes traders to exit positions prematurely or avoid risk. Regret can also cause traders to violate discipline and make trades at peak prices, leading to losses. These emotions can be particularly prominent in bull or bear markets and can have a significant impact on market outcomes. Trading psychology is a crucial factor in determining success in trading securities. It includes aspects of an individual's character and behavior that affect their trading decisions. Discipline and risk-taking are critical components of trading psychology, as is the impact of emotions like fear, greed, hope, and regret. It can be as important as knowledge, experience, and skill in determining trading success. 🧠10 Trading mindset tips: 🔹 Stay informed: Stay updated with the latest market news, trends, and developments, as well as your preferred assets. 🔹 Create a trading plan: This should include a clear set of rules for entry, exit, and risk management. Stick to your plan. 🔹 Manage your emotions: Avoid making impulsive decisions, especially during volatile market conditions. Keep a clear head and stick to your plan. 🔹 Continuously educate yourself: Enhance your knowledge and skills by reading books, attending seminars, and practicing with demo accounts. 🔹 Diversify your portfolio: Spread your risk across different assets and markets to reduce your exposure to any one particular market. 🔹 Stay disciplined: Follow your plan and stick to your rules, even if your emotions are telling you otherwise. 🔹 Set realistic expectations: Be mindful of your limitations and don’t overreach. Accept small losses and focus on long-term success. 🔹 Stay focused: Avoid distractions and keep your mind on your trading activities. 🔹 Keep a trading journal: Record your trades, track your progress, and reflect on what you could have done differently. 🔹 Take breaks: Avoid overtrading, which can lead to burnout. Take time to recharge and come back fresh. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
8
Best advice for achieving success in trading!✅Here's the deal, guys. If you want to make this year a successful year in trading, you got to have an edge. It doesn't have to be rocket science, just a solid strategy. There are plenty of resources out there, so don't be shy to do your research. Once you got a strategy, test it out with a small account or paper money before committing fully. And when you commit, commit fully. Don't be that person that changes their mind after one loss. Ignore the noise on social media and focus on your own system and 'PnL. It's none of your concern how other people are trading. Don't buy the hype. You're not going to turn chump change into a fortune overnight. Trading has its ups and downs. So, don't be caught off guard and expect the unexpected. And always be ready for the ride. And here's the truth, not every trade will be a winner. But there will be a select few that'll make up for the majority of your 'PnL increase. Just make sure you have enough capital to cover 'bills, taxes, and other boring stuff. And don't be dumb and emotional. Risk management and trading psychology are crucial. If you're having panic attacks before executing a trade, it's a sign you're either not suitable for trading or you're taking excessive risks. Take a step back and assess your current financial situation and the amount of money you're putting in. Embrace failure as fuel. It's not a setback, but a lesson in disguise. Realize that success is not a straight path, but a journey full of ups and downs. And lastly, come prepared. Write down a plan for each day, whether it's a simple excel sheet or a written plan. It'll help you stay focused and aware of what's happening in the markets. And remember, trading is hard. Don't fall for the social media hype that makes it seem easy. Happy trading!
COINBASE:BTCUSDEducation
by TradingEdgeHQ
Heads or Tails?What does TRADE have in common with heads and tails? Well, many use simple randomness to define whether they should buy or sell and this is directly linked to heads or tails, but the point I want to address is the following: a coin with two sides has a 50% chance of falling either on one side or on the other, either heads or tails, but if you decide to toss the coin 10 times up, it could land 10 times heads or even 7 times, and at that moment you might wonder, but the probability is not 50%, shouldn't we have 5 times heads and 5 times tails? Yes, but the short-term randomness makes the low probability happen! Now if you toss that coin 10,000 times, the law of large numbers is likely to make the 50% probability dominate the outcome! But where does this fit into TRADE? Basically in all operating models, if you operate you have a hit rate allied with a ratio between risk and return, these two things are directly linked, many seek a higher hit rate, others seek more PayOff, but regardless of your profile, from your approach you have to know that a model in the short term does not become a winner or a loser, you need a historical basis of how your approach behaves and then, yes, decide to operate using this strategy. Many say that with a strategy with 2x your risk and a hit of 50% you will be profitable, statistically this is true, but are you willing to faithfully follow this model even taking CONSECUTIVE STOPS? We should be, but those who trade know that a sequence of Stops does not generate a pleasant feeling! And it's precisely that feeling that can leave you in the middle of the way! See below the SHARP index many do not know, but I will present here, what is the SHARP index? The Sharpe Ratio is used to show to what extent the return on an investment compensates the investor for taking risks on his investment. (I recommend using it in your models or in your performance reports). When using the formula you find a result called SQN See the example of heads or tails in practice, with a positive risk/return ratio See that only with time you will be able to validate a winning strategy, and in the middle of the way it is possible that you will have some Stops, and this should refine your way of operating, in order to find points to be adjusted, many books define that time takes you are the excellence, but the biggest illusion that the market generates is that of getting rich fast, contradictory isn't it, this makes the journey of a trader with frustrations and disbelief difficult. But few are willing to go through this journey, as if that were not enough, you will find that there are no facilities, many preach that you must choose between Access Fee or PayOff most of the time, these they are opposite characteristics in objective models, but the secret is simple! You need to find balance See this great example, most people who operate the market have already learned about the EMA 9 or MA 9 anyway, it's an easy model to learn that promises good profits, but when it hits, but what few told you is that it rarely hits ! Even so, it can be a profitable model in several assets. In my tests, the model has an average success rate of 31%, unfortunately few people have the emotional energy to use this, since they give up even before the model reverses the capital curve to the positive side. See this model in the same example of the difference between few trades vs many trades Here it is clear the importance of time and consistency in defining a model and faithfully executing it! So what do we learn from this? First: The law of large numbers rules the market. Second: As much as the PayOff is high, you may not have your emotions trained enough to withstand a losing streak, many will say "But in this model I'm losing with a spoon and winning with a bucket", that seems to make sense, but in reality practice, it's more painful than it looks. Third: Be willing to operate your way, know that your emotional profile is unique, so use techniques and refine your market reading, beware of false simplicity or the highest degree of complexity to operate the market, be willing to see the that makes sense to you and metric it to use with confidence. Fourth: Trading the market is like learning to walk, you need help at first, but then you need to fall over your falls and gain balance, it's the same here, you'll make mistakes, but that's the only way you'll learn. I hope I helped you with this topic, if you liked it, leave your BOOST to support this idea, and also leave it here in the comments if you are from the PayOff team or the Hit Rate.
BITSTAMP:BTCUSDEducation
by leandrosander_
How to become a trader? (Part 1)How to become a trader? (Part 1) 1. What is trading? We all know what trading is. Almost all of us had someone around us who was trading, or maybe we heard the names of people like Warren Buffett or Elon Musk. But what we don't know is that trading is not just opening a chart and drawing a line and finally buying a stock or something. Trust me, It is more complicated than that. In this market, for 95% of people, there will be nothing but financial loss. But those 5% are the ones who get the secret of trading. You probably won't recognize those 5%, and they won't want to introduce themselves either. But if you persevere and put in enough effort and a lot of time, and then you go through more persistence and difficulty and loss of capital and disappointment, it is possible, just possible, that you will become one of those 5%. Come with me to find out what we should do. 2. Where do we start? An important question will arise for all people who are new to trading. "Where to start?" In the first few days, you will see a lot of stuff. And for sure, you will be confused like me. There are many things to learn. YouTube, books, even private training. But what do you get in the end? Well, you find a trading method and trade with it for some time. Then you start losing money. Then you go to another method and you lose again. And this cycle continues like this (this is the first hard part that I mentioned above). Later, you will learn about capital management and the psychology of trading. And by combining these three things and, of course, enough time, you will move towards becoming a trader. Therefore, becoming a trader is not something that can be achieved overnight and more importantly, it is not something that can be given to you. You have to achive it. 3. Strategy The first place you should start is formulating a strategy. Some people think that everything boils down to strategy. So when they can't make money, they try to find a more sophisticated strategy. But this is wrong. Strategy is just the beginning. I will talk more about this later. But before that, let's talk about the components of strategy. We can divide each strategy into 5 parts: Trend, Area of Value (AOV), Trigger, Stop loss (SL) and Target point (TP). A. Trend: The first and most important part. Trend means the next move will be up or down. Your tool to find the trend can be your eyes, trend line and different indicators. The most important thing to learn here is that no one knows which way the price will move. All we know and get through our tools is which direction the price is "more probable". The second point is that the trend is not about the past movement, but it's representative of the next movement! So don't mix them up. B. Area of Value (AOV): Let's assume that the price of a stock is going to increase, and in other words, it wants to find an up trend. Where will your entry area be? There are useful tools such as trend line, moving, Fibonacci, candlestick, support and resistance areas and etc. for this. C. Trigger: You will need a confirmation to enter when the price is in the value zone. I recommend you to use multi-time frame and look for entry in lower time-frames. The tools are the same as before. D. Stop loss: Your entire strategy depends on this component. Most people do not use the limit because they do not know how to use it. And they are also afraid of losing. The best traders also make mistakes and control their mistakes by limiting their losses. The limit of loss is your friend. Learn how to make the most of it. E. Target point: We humans have a good tolerance in the face of difficulties. But can we stop ourselves from seeing profit? The second stage is difficulty, patience and tolerance to achieve your desired profit. At the same time, knowing that the conditions may change, and you may not even get the profit you have now. There are more complex strategies that combine all of the above. Like Elliot, Ichimoku and etc. The important thing about the strategy is that a super complex strategy is not necessarily better than a simple strategy. Sometimes a simple trend line can give you a profit that dozens of complicated indicators cannot give you. I am not saying that complexity is worse. In fact, the more complicated it is, the more accurate your position and understanding of the subject will be. But the problem is that our mind does not have the ability to analyze all the possibilities. That's why, don't look for a super-complicated method produced by company X. Choose the simplest method that works for you, and you can communicate with it more easily. Each of those 5% people choose a method and become a master in it. So it doesn't matter what the method is. It is important that it is profitable. It matters how you implement it. In the next part, I will talk about capital management and market psychology. Good luck.
OANDA:XAGUSDEducation
by DarkPhoenixTrader
1
Our Trading ManifestoHello everyone! In this post we will present and explain our trading system. Our trading system condensates everything we have learned from hard work, study and even harder lessons received in these years of trading. It is constantly evolving and updating, we are always ready to question some aspects of our system and research tools and strategies that can improve it. We will distinguish and explain three different aspects of which the system is composed: Analysis, Execution and Research. Analysis The analytical part concerns all the tools and the strategies that we use to formulate an hypothesis on the direction of the market, and consequently develop a trading strategy. A trading strategy is composed by: -an Invalidation Level: a price level that, if crossed, proves our hypothesis wrong. This is the limit level at which stop losses can be set. -a set of Entry Points/Levels: composed by price levels of chart points that according to our analysis can trigger the move that we are hypothesizing. -a set of Target Points/Levels: composed by price levels of chart points where the move that we are hypothesizing can end. Once a trading strategy is determined, it will be implemented in the executive part. But on what is our analysis based? Elliott Wave Theory, Pattern Trading and Sentiment Analysis. We believe that the chart encodes all the information available. News and events are priced in the market instantaneously. The fundamentals are revealed simultaneously with the price action. Any news or fundamental consideration is just one piece of the puzzle. Price is the synthesis of the result. Price moves because of mass psychological dynamics inducing people to buy and sell. These dynamics are observable in the sentiment and in the fundamentals, and manifest themselves in chart patterns. The composition of chart patterns forms Elliott Waves structures. We don't use this approach as a mix of independent tools, but in a holistic and comprehensive approach. We analyze the wave structure of the market starting from higher timeframes, assessing probabilities of different scenarios by analyzing chart patterns and using different tools related to the sentiment, such as Smart Money Indicator, Volume Profiles, Order Blocks, etc. We use the same approach in smaller timeframes to set the trading strategy (Entries, Targets and Invalidation Level). Execution The executive part of our trading system involves risk management, placing orders in the market, and managing active trades. Once we have developed a trading strategy, we have a set of entries, a set of targets and an invalidation level. We have to use them to define a Trading Plan. Here is the first rule of risk management: we can not lose more than 1.5% of the trading capital for each trading plan. You don't have to depend on one trade. One trade should not be decisive. Trading must not be funny. This is the only way to decrease your biases and your emotional involvement. So in a Trading Plan we decide how many trades to open, how much risk to allocate on each trade (NOT MORE THAN 1.5% TOTAL), at what price execute the trade, and where to set stop losses. No stop loss can be set above the invalidation level. If prices reaches the invalidation level we are OUT. No matter if prices then follows the hypothesized direction, market will always provide other opportunities. We also plan where to take profits at the pre-determined Target Levels. Research The research part of our system is our constantly updating and challenging our knowledge studying new tools, approaches, strategies. Knowledge is dynamic and always updating. You never stop learning. We will post all our analysis and trades. Stay tuned and happy trading! :)
Editors' picks
BLACKBULL:SPX500Education
by GMR-Capital
6
BTC Analysis and Key Levels to WatchBYBIT:BTCUSD.P As traders, we must always start our analysis with higher-term timeframe ranges. Recently, we saw the price break to the upside, and currently, it is testing the value area low of the previous range. The horizontal fib 0.618 from the high to the current low acts as a resistance. If we zoom in on the lower-term time frame, we can see that we are forming a range that started on Friday and continued over the weekend. A fixed range tool gives us significant levels ranging between 20700- 21250, which is almost a 4% range. This should be our main trading idea. Yesterday, we saw a push to the downside, which touched the value area low of the range, a swing failure pattern of the previous low, and followed with a nice buyback. The price started to claim the point of control and daily VWAP, and after some consolidation near VWAP, the price started pushing toward the top of the range, where we got another swing failure. After getting accepted back from the SFP level price continues ranging. However, sooner or later, we all know this range will break to either upside or downside. As a trader, we need levels, both to the upside to back up the bullish scenario and to the downside for the bearish scenario. At this point in time, I expect more upside price action. On the upside, we have the NSPOC (Naked Session Point of Control) level at 21725, the weekly level, the fib level 0.618, and the previous range VAH (Volume area high) level around 21827.5. But if the price breaks to the downside, we have a little consolidation around the 18375-18850 area; we do have VAL of the previous range along with the last support area. So we can expect a reaction here. But if the momentum is strong, then we can expect lower. We have daily naked points of control at $17,725 and $17450, along with 0.618 fib level around $17,550. I will expect some reaction here. In conclusion, it's crucial to constantly keep an eye on critical levels such as Current range volume areas and horizontal fib levels, as they can be important in determining the market's direction. Always have a plan and be prepared for bullish and bearish scenarios. Happy trading!
BYBIT:BTCUSD.P
by Pac_Meezy
DAY TRADING 101: How to Get StartedHello guys! Day trading is a popular way for traders to make money by buying and selling assets within the same trading day. However, before you begin day trading, it's important to understand the basics and develop a solid trading strategy. In this post, we'll cover the basics of day trading and provide some tips on how to get started. First, it's important to understand the different types of securities that you can day trade. Some popular options include stocks, options, futures, and currencies. Each of these securities has its own unique characteristics and requires different strategies, so it's important to choose the one that best fits your goals and risk tolerance. Next, you need to develop a trading plan . Your plan should include your trading strategy, the securities you plan to trade, and your risk management techniques. It's also important to set realistic goals and be prepared to stick to them. Once you have a trading plan in place, you need to practice . You can do this by using a simulation or paper trading account. This will allow you to test your trading strategy and learn from your mistakes before you start risking real money. Another important thing to consider is your risk management . This means understanding the level of risk you're willing to take and setting stop-losses and profit-taking orders to protect your capital. It's also important to maintain a proper risk-reward ratio, which means that the potential profit should be larger than the potential loss. In addition to the above, it's crucial to keep an eye on the market and news , as they can greatly impact your trades, so it's essential to stay updated with the latest news and trends. Finally, keep in mind that day trading requires discipline and patience, so be prepared to put in the time and effort to become a successful trader. To sum it up, day trading can be a great way to make money, but it's important to understand the basics and develop a solid trading strategy. Additionally, you should practice with a simulation or paper trading account, have a proper risk management, stay informed and be prepared to put in the time and effort. Which type of trading do you prefer?
BLACKBULL:US30Education
by m_maia14
1
HOW TO MANAGE YOUR EMOTIONSHello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading: 1. DO NOT ACT ON ANGER: every time you feel strong emotions, hold back and revisit your trading plan, is your move aligned with your initial plan or are you acting on irrational emotions? One of the worst things is to take a position based on anger after a loss in order to recover the losses. Take a deep breath and rethink your decision! 2. DO NOT FALL IN LOVE WITH YOUR POSITIONS: we all want to always be right, but sometimes we have to accept a bad position and close it. It is common to fall in love with our positions and hold it out of hope that the market will switch, but involving emotions just blow the account, stick to your plan! 3. ESTABLISH SOME TRADING RULES AND KEEP A TRADING JOURNAL: setting your own rules of trading and risk management is crucial for a profitable account. No matter what you hear from others and how good a position may look, if it is not aligned with your rules, do not take it! Moreover, do not change a strategy after some losses, stick to what you have learnt and planned, keep the information in a trading journal and plan your next moves based on you learnt from it. 4. TAKE A BREAK AFTER 3 LOSSES IN A ROW: it is natural to have a bad day, but when this happen do not become over emotional and over trade, but rather take a break and wait for a new and fresh trading day. Strong emotions will ruin any important decision, no matter the context, so try to avoid them. 5. SET TP AND SL AND TRUST YOUR JUDGEMENT: after establishing your trading plan and risk management plan, in order to stick to your risk to reward strategy, you have to use Take Profit and Stop Loss orders, and trust your judgment and the market. No matter what happens, this helps you have a clear forecast of your account, without blowing it. Also, avoid getting greedy and secure your profits with take profit order. 6. LOWER THE TRADE SIZE: if you feel overwhelmed by the risk on each trade, and out of fear you make irrational decisions, try to lower the trade size to what feels comfortable with you. After doing this, always update your trading strategy! 7. DO NOT GIVE UP! : there is a point when every trader feels like giving up, losing all his faith, but you should understand that this is the normal journey, with ups and downs, and if you do not let yourself intimidated by the downs, the ups are limitless!
OANDA:XAUUSDEducation
by m_maia14
2
Dealing with losses...before they happenLosses are part of this business. People do not react well to losses. Badly handled losses in trading can trigger bigger losses. Furthermore, these have the dangerous potential of wiping out entire accounts. If you want to make it as a trader you need to have a solid psychological approach to accept and handle losses. Lots of internet articles are suggesting that the way to prevent debilitating losses in trading is to follow risk management rules. What are those rules about? Basically, they are simple thresholds indicating the maximum $ /percentage you should risk per trade, day, month, etc. Having such rules is a must but it’s not enough. You can still lose much if your mind is not actually prepared to implement them. That’s why many traders set rules only to break them in the most inappropriate moments. People do not follow their own risk management rules because they are not psychologically prepared to accept losses. They are not prepared for the pain caused by a loss or a series of losses. The single most efficient way to handle losses is to accept them consciously and unconsciously. One of the most dangerous ways to react to losses is “revenge” or “on tilt” trading. This happens when the pain caused by a loss is so high that the trader loses his / her rationality and only wants his / her money back, disregarding most of the things he/she actually knows about the market. The brain cannot accept the emotional discomfort and the fastest solution is to quickly find a trade to make the money back. Most of the time, the quickest trade is in the same instrument (FX pair, stock, etc) that generated the initial loss, by averaging down/up or flipping. Some of the most experienced traders can work their way out but the vast majority will only make things worse. In order to prevent this kind of psychological slippage, you need to prepare your mind to consciously and unconsciously accept losses BEFORE they occur. With the help of a psychotherapist or by yourself you can perform visual exercises where you will imagine yourself being in a losing position and reacting the right way. This would desensitize you if done right. The technique I always use each time I open a position is to do that desensitization process “on the fly”. I watch the market and I see an opportunity. BEFORE opening the position, I imagine myself in the posture of facing that trade ending in a loss. After that, I imagine that trade going the way I want. I might even go back and forth (in my mind) a few times between losing and winning. This way, I prepare my unconscious mind. If I cannot imagine myself easily handling the loss (or the win) I will simply reduce size. Pay attention though, I am not recommending here to imagine yourself constantly losing because this would do more harm than good. This would be a separate topic about the power of visualization exercises.
OANDA:XAUUSDEducation
by Mihai_Iacob
12
Bitcoin Bearish Sentiment Prevails, Going Downward to 14213?Hello Fellow Bitcoin Investor/Trader, Here's a Technical outlook of BTCUSDT! BTCUSDT has formed Ascending Broadening Wedge Furthermore, The MACD indicator created a death cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/resistance area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the cryptocurrency"
Short
by financialfreedomgoals101
14
Euro Crashed Against The Dollar, Continuing its Bearish trend?Hello Fellow Global Forex Investor/Trader, Here's a Technical outlook on EURUSD! Technical Analysis EUR/USD is clearly moving in a bearish continuation trend. The price also created a breakout on a rising wedge pattern, indicating a potential bearish bias ahead. The MACD indicator starts creating a death cross, confirming the possible downward movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ resistance area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the EURUSD" Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Short
by financialfreedomgoals101
10
GoldViewFX - Market UPDATEHey Everyone, Not much action today, as we saw price move slowly throughout today in a tight range and steadily down by just over 100 pips. The break below 1638, as per our chart EMA5 cross and lock opened the swing range. We are now planning our entries in the swing range to catch some of the bounce. The cross and lock below 1638 opening the swing range has allowed us to map out our entries taking into consideration the range that is now open. The calendar is packed full of high volatility events this week and not for new traders to play in. Trade demo if you get the itch, otherwise its wiser to sit out this week. Experienced traders keep in mind the overall range and manage your risk with range accordingly. BULLISH TARGETS 1638 1642 1650 1653 1657 EMA5 CROSS AND LOCK ABOVE 1657 WILL OPEN 1661, 1664, 1668 AND 1673 BEARISH TARGETS 1642 - DONE 1638 - DONE EMA5 CROSS AND LOCK BELOW 1638 WILL OPEN 1633 - DONE, 1630, 1626 AND 1622 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
15
✍️WEEKLY QUOTE: EXECUTE DO NOT PREDICT✍️..Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? If you really believed in a random distribution between wins and losses, could you ever feel betrayed by the market? If you flipped a coin and guessed right, you wouldn't necessarily expect to be right on the next flip simply because you were right on the last. There is always a point at which the odds of success are greatly diminished in relation to the profit potential. At that point, it's not worth spending any more money to find out if the trade is going to work. If the market reaches that point, I know without any doubt, hesitation, or internal conflict that I will exit the trade. The loss doesn't create any emotional damage, because I don't interpret the experience negatively. To me, losses are simply the cost of doing business or the amount of money I need to spend to make myself available for the winning trades. If, on the other hand, the trade turns out to be a winner, in most cases I know for sure at what point I am going to take my profits. (If I don't know for sure, I certainly have a very good idea.) The best traders are in the "now moment" because there's no stress. There's no stress because there's nothing at risk other than the amount of money they are willing to spend on a trade. They are not trying to be right or trying to avoid being wrong; neither are they trying to prove anything. If and when the market tells them that their edges aren't working or that it's time to take profits, their minds do nothing to block this information. They completely accept what the market is offering them, and they wait for the next edge. As traders, we can't afford to indulge ourselves in any form of "I know what to expect from the market." We can "know" exactly what an edge looks, sounds, or feels like, and we can "know" exactly how much we need to risk to find out if that edge is going to work. We can "know" that we have a specific plan as to how we are going to take profits if a trade works. But that's it! If what we think we know starts expanding to what the market is going to do, we're in trouble. And all that's required to put us into a negatively charged, "I know what to expect from the market" state of mind is for any belief, memory, or attitude to cause us to interpret the up and down tics or any market information as anything but an opportunity to do something on our own behalf.
BITSTAMP:BTCUSD
by Yelli_trades
28
Stronger U.S Dollar Weaken Other Currencies, Long USD/CAD?Hello Fellow Global Forex Trader/Investor, Here's a Technical outlook on USDCAD! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Chart Perspective USDCAD has rebounded in the Classic support area. Simultaneously, The USDCAD is broken out of the bullish continuation pattern ( Falling Wedge ). Furthermore, The MACD Indicator starts making a golden cross, it signifies the potential bullish movement ahead to the target area. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the U.S. Dollar"
Long
by financialfreedomgoals101