Is USDJPY going to reach its 50% OE target?(2)USDJPY did not manage to go further north to hit our 50% OE target. It has hit our trailing stop.
Trade order summary position:
USDJPY(Long)
Trail stopped out at 14658.
Net P/L: -0.56% Profit
@1% =$1000,
-0.56% = -$560
Do refer to our previous chart image where we took the trade last week.
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Tradingstrategies
Is silver going to run further south?(2)We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop.
Trade order summary position:
Silver(Short)
Trail stopped out at 2320.
Net P/L: 1.51% Profit
@1% =$1000,
1.51% = $1510
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
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Look on our channel profile or at our signature section to access it
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NZDCAD ____ INCOMING BEARISH MOVEHello Traders,
NZDCAD has been in a long-term decline i.e., the price has been bearish for months and is likely to continue. The weekly and the daily charts have printed bearish structures.
Price just traded into the daily order block and is poised to continue the bearish move.
Looking at the chart, you would notice the relatively equal lows (sell-side liquidity) that price should hunt.
Follow for more updates like this.
Cheers,
Jabari
DXY (DOLLAR INDEX) ____ WAITING FOR BEARISH SIGNALHello Traders,
The dollar has been rallying for days and weeks and we are slowly approaching a potential turning point. Price has already cleared two weekly buy-side liquidity (previous high) on its way up and is approaching the third.
Although I am speculating and willing to go short, the market structure doesn't confirm to me bearish sentiment.
I have annotated on the chart any of the 2 price structures that will interest me to go short. Until such a pattern is printed on the chart, I still believe that the dollar will continue to rally.
Once any of these patterns appear, I will review the seven USD pairs to trade accordingly.
Follow for more updates like this.
Cheers,
Jabari
AUDSEK 12/09 MovePair : AUDSEK ( Australian Dollar / Swedish Krone )
Description :
Completed " 123 " Impulsive and Making its " 4TH " Impulsive Wave at Fibonacci Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame if it Rejects from the Upper Trend Line / Demand Zone then Long Term Sell
Project with 20x potential, Atom investing I wrote about this project a few months ago and many people called out that $8 will not budge, but we need to know where the demand is.
Big eco system that needs to do a lot more changes, but I think this is a great price to accumulate if you believe in this project.
This is a monthly graph so it takes time for all this to play out, but is it worth taking the first profit at the highest peak and then a little more if it comes? Of course.
Everyone who short a large market cap knows what the market does when the price goes up.
Tell me your opinion if you like this, and follow for more investing ideas and trading.
Live Trading Session 237: Open Trades on Gold,DJ30 & moreIn this live trading session video,we look at our open positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
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The Keys to Success Every Forex Trader Should Master 🕵️♂️📊💡
In the fast-paced world of forex trading, understanding price action is akin to possessing a treasure map. Price action analysis is the art of deciphering market movements based on price movements alone, without relying on indicators or oscillators. In this comprehensive article, we'll reveal the essential price action secrets that every forex trader should know. We'll explore real-world examples and equip you with the knowledge needed to navigate this thrilling terrain.
The Secrets of Price Action
1. Candlestick Patterns: Candlestick patterns are powerful tools in price action analysis. They reveal market sentiment and potential trend reversals.
2. Support and Resistance: Identifying key support and resistance levels on a price chart can provide insights into potential price reversals or breakouts.
3. Trendlines: Drawing trendlines allows traders to visualize price trends and anticipate potential entry and exit points.
Real-World Examples
Example 1: EUR/USD - Bullish Reversal:
Example 2: GBP/JPY - Breakout:
Unlocking the secrets of price action analysis is the key to success for every forex trader. By mastering candlestick patterns, understanding support and resistance levels, and utilizing trendlines, you can decipher market movements and make informed trading decisions. Armed with these price action secrets, you're better equipped to navigate the ever-changing landscape of forex trading and seize profitable opportunities. 🕵️♂️📊💡
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Balancing Emotions, Market Conditions, and Trading Setup 🛠📈
Achieving success in the world of trading is akin to crafting a masterpiece. To create the perfect trade, traders must harmonize three crucial elements: emotions, market conditions, and trading setups. In this in-depth article, we'll explore how these elements intersect and provide real-world examples to illustrate their significance. By mastering this trinity, you'll be better equipped to navigate the complex world of trading.
The Three Pillars of a Perfect Trade
1. Emotions: Emotions are an integral part of trading. Fear, greed, and impatience can cloud judgment and lead to irrational decisions. Achieving emotional balance is vital. 🧘♀️
2. Market Conditions: Market conditions encompass factors such as volatility, trends, and economic events. Traders must adapt their strategies to prevailing conditions for success.
3. Trading Setup: The trading setup comprises technical and fundamental analysis, entry and exit points, and risk management. A well-defined setup is the foundation of a successful trade. 📈
Examples of the Perfect Trade
Example 1: Forex - EUR/USD:
Imagine you're trading EUR/USD and have identified a potential uptrend based on technical analysis. However, you notice that upcoming economic data releases could significantly impact the market. To craft the perfect trade, you:
Example 2: Stock Trading - Tech Company Shares:
You're trading shares of a tech company known for its earnings volatility. The company announces better-than-expected earnings, causing the stock price to surge. To seize the opportunity, you:
Crafting the perfect trade involves a delicate balancing act between emotions, market conditions, and trading setups. By honing your emotional intelligence, adapting to changing market dynamics, and meticulously planning your trading strategy, you can inch closer to the elusive goal of the perfect trade. Remember, it's a journey of continuous improvement, where each trade contributes to your expertise. 🛠📈🧘♀️
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Defend Your Forex Fortunes: The Crucial Role of Stop Loss Orders
Forex trading is an exhilarating endeavor that offers substantial profit potential, but it's also laden with risks. The volatile nature of currency markets means prices can swing swiftly and unpredictably. In this comprehensive article, we'll delve into the compelling reasons why every forex trader needs to implement stop loss orders. We'll provide real-world examples and demonstrate how these protective measures can safeguard your trading capital.
The Imperative of Stop Loss Orders
A stop loss order is a predefined price level set by traders to limit potential losses. It serves as an automatic trigger that closes a trade when the market moves against their position. Here's why stop loss orders are indispensable in the world of forex trading:
1. Risk Management: Forex trading carries inherent risks, and no one can predict market movements with absolute certainty. Stop loss orders allow traders to quantify their risk and protect their capital.
2. Emotion Control: Trading can evoke strong emotions, leading to impulsive decisions during adverse price movements. Stop loss orders remove the need for impromptu choices, promoting discipline and reducing emotional stress.
3. Preserve Capital: Trading is a long-term game. By limiting losses, stop loss orders help traders maintain their capital, ensuring they have the resources to seize future opportunities.
Real-World Examples
Example 1: EUR/USD Trade:
Example 2: USD/JPY Trade:
In the thrilling yet risky realm of forex trading, safeguarding your investments is non-negotiable. Stop loss orders are your protective shield, offering resilience against unexpected market movements and impulsive decision-making. By incorporating stop loss orders into your trading strategy, you can effectively manage risk, maintain discipline, and ensure that your forex journey is marked by longevity and success. 🛡📉💼
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Is silver going to run further south?We have entered Silver on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. So far it has been a clean move past our 50% OE target. It is a great runner and we will hold onto this position as per our strategy rules till it either hits our trailing stop or a price action signal to exit live.
Silver(Short)
E - 24.18
ISL - 24.83
T - TBC
Trailing stop at 23.18
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is USDJPY going to reach its 50% OE target?We have entered USDJPY on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. As of now, there is some profit taking occurring in terms of seller bars. We will hold onto this position as per our strategy rules till it either hits our 50% OE target or our trailing stop as in the chart image.
USDJPY(Long)
E - 147.72
ISL - 145.70
T - 148.84
Trailing stop at 146.00
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Natural Gas, accumulation ideaWinter is coming and we should not miss some prices. Half an hour ago we got news that the storage was reduced by 10B from the forecast.
For me good price to buy spot 2$-2.22$. This is currently neglected by any chart.
Tell me more about this topic if you have some opinion.
Mastering Forex and Gold: The Art of Stop and Limit Orders 📊🛡
In the dynamic worlds of forex and gold trading, mastering the use of stop and limit orders is akin to wielding a double-edged sword. These orders offer traders a means to manage risk and lock in profits with precision. In this comprehensive article, we'll delve into the intricacies of stop and limit orders, explore their applications in both forex and gold markets, and provide real-world examples to help you navigate these essential tools in your trading arsenal.
Understanding Stop and Limit Orders
Stop and limit orders are advanced order types that allow traders to automate entry and exit points in their positions:
1. Stop Order: A stop order is used to limit potential losses. It becomes a market order when the specified price, known as the stop price, is reached. It's typically placed below the current market price for a long position or above it for a short position.
2. Limit Order: A limit order is employed to secure profits or enter a position at a more favorable price. It becomes a market order when the specified price, known as the limit price, is reached. For a long position, the limit price is set above the current market price; for a short position, it's set below.
Examples in Forex and Gold Trading
Forex - EUR/USD:
Gold - XAU/USD:
Trading Strategies
1.Using Stop Orders: Employ stop orders to limit potential losses by setting them at a price level where you want to exit a losing trade.
2. Leveraging Limit Orders: Utilize limit orders to secure profits or enter trades at specific price levels, allowing you to capture favorable market conditions.
3. Combining Orders: Advanced traders often use a combination of stop and limit orders to create complex strategies, such as breakout or range-bound trading.
Stop and limit orders are potent tools that empower traders to execute precise entry and exit strategies in forex and gold markets. By understanding their functions and incorporating them into your trading approach, you can enhance risk management, secure profits, and navigate these volatile markets with confidence and precision. 🎯📈🛡
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Is GBPUSD going to hit its daily target(2) - Stretch principleIn this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator.
GBPUSD(Short)
Pending Order
E - 1.2547
SL - 1.2567
T - 1.2531
So far, the trade has taken out the lower stretch line which gives the bigger range from open(BRO) a higher probability to form to the down side. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better, we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
4.Stretch principle videos
Refer to related ideas links as below
Is ETHUSD low at 1540 going to hold ?There is a price structural failure on the weekly timeframe for ETHUSD. This makes it a downtrend on the weekly. We are waiting for the daily bottom to confirm before taking continuation trades to the downside. For the weekly to continue going down, there is a 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south. Let's see if how the trade plans out according to our smart money framework and the VSA methodology.
We will be tracking this potential trade and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders,
On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool.
Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle.
Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move.
I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade.
Follow for more updates like this.
Cheers,
Jabari
Is US30 low at 34024 going to hold and confirm weekly bottom?(2)We have entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the weekly bottom is yet to confirm. Let's see if it continues further upwards and go onto confirm the bottom on the weekly timeframe according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Previous reference image
Is BTCUSD low at 25350 going to hold this time?(2)We had previously entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the daily bottom did not hold to go onto confirm as a weekly bottom. We will wait for another potential bottom with volume backing the move before taking a trade. Key price structural level to look out for is 24756 as in the image.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Previous reference image
Mastering the Cup and Handle Pattern in Forex and Gold Trading
In the world of forex and gold trading, recognizing chart patterns can be your key to unlocking profitable opportunities. One such pattern, the Cup and Handle, offers traders a powerful tool for identifying potential bullish trends. In this comprehensive article, we'll explore how to identify and trade the Cup and Handle pattern in both forex and gold markets. We'll provide real-world examples to help you navigate these exciting trading opportunities.
Understanding the Cup and Handle Pattern
The Cup and Handle is a bullish continuation pattern that resembles the shape of a teacup. It consists of two main parts:
1. Cup: The first part forms a rounded bottom, resembling a cup. It typically follows a downtrend and represents a period of consolidation.
2. Handle: The second part is a smaller consolidation or retracement, forming a downward-sloping channel or flag pattern. It resembles the handle of a cup.
Identifying the Cup and Handle Pattern
To identify and trade the Cup and Handle pattern, follow these key steps:
1. Downtrend: Look for a significant downtrend that precedes the formation of the Cup and Handle pattern.
2. Cup Formation : The cup should be a rounded bottom, indicating a period of consolidation or accumulation. The depth of the cup can vary, but it should generally resemble a "U" shape.
3. Handle Formation: After the cup, there should be a smaller consolidation or retracement forming a downward-sloping channel or flag pattern. This is the handle of the cup.
4. Volume Analysis: Analyze volume trends. Typically, there is a decrease in volume during the handle formation, signaling a temporary pause in the trend.
1. Forex - EUR/USD:
2. Gold - XAU/USD:
Trading Strategies
1. Entry Point: Enter a trade when the price breaks out above the handle's upper boundary. This breakout confirms the bullish sentiment.
2. Stop-Loss: Place a stop-loss order below the handle's lower boundary to manage risk.
3. Take Profit: Estimate the potential price target by measuring the distance from the cup's bottom to the handle's breakout point and then adding it to the breakout level.
The Cup and Handle pattern is a valuable tool for identifying potential bullish trends in both forex and gold markets. By understanding its components and following a structured trading approach, you can leverage this pattern to make informed trading decisions and potentially unlock profitable opportunities in your trading journey. 🏆📈💰
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Initiation. Accumulation. PumpHow to trade coins after listing? Here is logic of IAP model
BINANCE:APTUSDT
When people get tokens after airdrop or launchpad, most likely on first candle we will see seller pressure. This model works in general only for fundamental projects, where even people who get tokens for free will hold it for long term. Because we got a lot of examples when this model doesn't work and price crashed under listing price. Also we need pay attention in what market period we see this listing. Because if it's a beginning of bear market this model most likely also will not works.
Initiation - Formation price imbalance in the broad price range at the time of listing
coins can be interpreted as an initiating impulse, who doesn't leave fair traded price zones on ways of its formation and in here will be be nearest target. We can use Fib from the bottom to the top candle before correction or just count only body of first Daily close candle.
Accumulation - Price reaction to price imbalance initiating impulse is
a direct indication of the presence or lack of accumulation character on the chart. Zones for accumulation before pump will be classic 0.618 / 0.71/ 0.86 levels by fib.
Pump - last stage of this model is a Pump, minimal target for this trade can be -0.27 and -0.618 level by fib where you can fix profit. On this example with Aptos it was over 500% pump. After pump depends of market stage and cycle price can continue parabolic move up or correction again to 0.5 or 0.618 level by same fib.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
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Unraveling the Traits of Pivotal Bullish and Bearish Candles 🕯
In the intricate world of forex trading, understanding the nuances of candlestick patterns is akin to deciphering a secret code. Candlesticks are more than just price representations; they embody the ebb and flow of market sentiment. In this comprehensive article, we will delve into the characteristics of crucial bullish and bearish candles, unveiling the stories they tell through real-world examples. By mastering these candlestick traits, you'll enhance your ability to spot trading opportunities and make informed decisions in the forex market.
Unveiling Bullish Candle Characteristics
1. Long White Candle:
A long white candle is a robust bullish signal. It signifies a substantial price increase during the candle's timeframe. The candle typically opens near its low and closes near its high, reflecting strong buying pressure.
2.Bullish Engulfing Candle:
A bullish engulfing candle occurs when a smaller bearish candle is followed by a larger bullish candle that engulfs it entirely. This pattern suggests a shift from bearish sentiment to bullish sentiment.
Unmasking Bearish Candle Characteristics
1. Long Black Candle:
A long black candle is a prominent bearish signal, reflecting substantial selling pressure. It opens near its high and closes near its low, showcasing a significant price decline during its timeframe.
2. Bearish Engulfing Candle:
A bearish engulfing candle forms when a smaller bullish candle is followed by a larger bearish candle that engulfs it entirely. This pattern suggests a shift from bullish to bearish sentiment.
Trading Implications
1. Confirmation of Trends: Bullish and bearish candles often confirm existing trends. Traders can use them to enter or add to positions in the direction of the trend.
2. Reversal Signals: These candles can also signal potential trend reversals when they appear at key support or resistance levels. Traders look for follow-up candles to confirm reversal patterns.
3. Volatility Assessment: The size and characteristics of these candles provide insights into market volatility, aiding traders in adjusting their risk management strategies.
Candlestick analysis is an art that can help traders uncover market sentiment and identify potential trading opportunities. By understanding the characteristics of important bullish and bearish candles, you can gain deeper insights into price movements and enhance your ability to make informed decisions in the dynamic world of forex trading. 📊🕯📈
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