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check n focused on 23.56, its key level#SILVER... so we told you in our last idea about silver that 23.56 is the key level for now,
now you can check the importance of 23.56 on day chart and in 4 hours as well,
only weakness below that level in hour chart can leads you towards downside areas otherwise not.
trade wisely
good luck
Support of the month 23.56, hold??#SILVER... Well market droped from 2 consecutive days and today is 3rd of the month and look silver is at his support of the month and week.
That is 23.56
Keep close that level and keep your eyes open, don't be lazy here ..
It will be very costly,
If market hold it then bounce expected from here otherwise downside areas mentioned on chart.
Trade wisely
Good luck
Done target now next ???#GOLD... market just reached at your target zone 1935 36 ..
So now guys we have ultimate area 1934.00 as key level .
In tomorrow we have unemployment claims and in day after tomorrow NFP,
technically 1934 is the area thats need focus now ..
If market hold it the. Bounce expected from here otherwise we have 1928 as immediate area below 1934 and after that areas are mentioned on chart ..
Trade wisely
Good luck ...
Well, done target , what's next??#GOLD.. so guys market bounced from your supporting area 1952 then placed 1962,
After that again creat volume and done your ultimate target 1972 73 sofar,
in current week we have ISM MANUFECTURING, ADP NONFARM EMPLOYMENT and NFP as well,
We have upside resistance is now 1983 arround and downside areas are mentioned on chart..
It will be very tricky guys,
Trade wisely
Good luck
Behaved changed ? 1952 holding??#GOLD... Well guys market bounced from his supporting areas arround 1940 in last week...
Actually this time specially 4 hours chart creat very interesting situation ..
We have 1952 as support after that 1949 as well and upside 1961 n 1965 ..
Let see what will be market done,
Very important week with NFP.
Trade wisely
Good luck
again major support 1954, hold or not?#GOLD.... after a funtastic drop market again at his major supporting area that was discussed in our last ideas,
that is 1954 as you can see how market smoothly hold this area in couple of day back, its again a major and important area,
and it will play key role for further move of gold to anyside,
if market hold it in hour chart then bounce expected again otherwise not at all..
STAY SHARP GUYS,, DONT BE LAZY.
trade wisely
good luck
Smoothly hold 1954, what's next??#GOLD... So guys market amazingly hold 1954 and bounced..
Congratulations to those whos follow the idea,
Now what's next??
Now need your focus 1963 for upside range area,
If it's range trading untill FOMC that is in tomorrow then range will be 1963 and 1954..
Trade wisely
Good luck
again n again same support 1953 #GOLD... from last 2 days market hold your area 1953,
every time market placed near to area any low and bounced back...
same area for now and today 1953 that will play key role in today..
again holding mean again bounce and break can leads you towards 1945
upside area mentioned..
trade wisely
good luck
What holding 183.30 what's next??#GBPJPY... market just continue his ride below 183.30 as we mentioned in our perveious idea,
If market continue his selling move below 183.30 then we have next area mentioned on chart...
Market should placed arround 179.60 low for a strong bulish momentum,
Trade wisely
Good luck
Human weaknesses that need to be overcome in the trading process
Fear of missing out
Before entering the market, you may have a bullish or bearish view and enter accordingly. Once you have a position, you are constantly concerned with the fluctuations of your account funds, tormented by various temptations, fears, greed, persistence, hope, and emotions influenced by these changes, and ignoring the market itself. This greatly interferes with normal thinking and judgment.
Whether it's a long or short position, whether it's a profit or loss, as long as small gains and losses are within an acceptable range, one should beware of large losses. Traders should focus on the correctness of the process and be content with the results as they come. If you think about the results in advance, it will disturb the entire trading process and result in losses every time.
The human mind always jumps ahead to imagine unrealistic outcomes and ignores what is actually happening in the present. This is a big mistake in our lives. These are the causes of fear or greed, which can lead to traders regretting after placing an order or closing a position, causing hesitation and indecision.
The reason for this is that there is no effective trading system, causing traders to lack confidence in any aspect of the trading process.
Confronting the market
Traders must first understand that the market does not shift according to human will. The education we have received since childhood is based on competition, such as overcoming various obstacles and fighting difficulties. This consciousness has deeply rooted itself in the hearts of traders.
In fact, when traders enter the market, they still carry this mentality. Often, some elites from various industries come to the market and suffer failures, and even more thoroughly than ordinary people.
This is because successful people in other industries have a strong sense of self and do not believe they will fail. They are also unwilling to accept their own failures. Their success makes their personalities become very tough, so when the market turns against them, they do not know how to yield and compromise, but adopt a confrontational attitude until they are destroyed.
People in life tend to defend their views to some extent, unwilling to admit their judgment errors. Therefore, regardless of whether a person is right or wrong, they will stick to their attitude to the end. What they defend is not the truth, but their self.
This inherent nature of struggle and the attitude of not wanting to yield or give up self is the biggest obstacle in trading. Holding positions, not setting stop losses, and not admitting mistakes can eventually result in large losses or even liquidation.
The pursuit of perfection
The pursuit of perfection is a very greedy and extreme mentality. Because of this pursuit, it does not allow any flaws, cannot bear even very small losses, and it is difficult to execute a stop loss when necessary, and wants more profit when it is time to close a profitable position. Because of this pursuit, a person tries to capture every movement and does not want to miss any market situation.
Everyone has their own limitations and areas in which they are not good at. The pursuit of perfection can easily lead to frequent and impulsive trading.
To be continued...
Possible Uptrend Pattern on SCMAAscending Broadening Wedge pattern on IDX: SCMA.
See if in few days the price touch the broadening channel and then return to purple areas.
Long position target is around 1990. If the pattern is correct, the target will be touched no longer than 2 months.
Disclaimer on.
I'm just a learner. :D