Viral
$SIRI to go to $6.50 after breaking the $5 lvl of resistanceSiri to rise to the $5-$6.50 gap. It's clear as day on the chart.. with the 50 day moving average crossing the 200 day in an uptrend.
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NASDAQ:SIRI
xauusd first buy and sell targets for monday marketthe last week our prediction of xauusd become 100% true, for monday we are posting a simple buy and sell target. more detailed analysis will be followed.
buystop ;
entry 2322
tp2332
sl better to hedge
sell stop
entry 2320
tp 2312
sl better to hedge
The US Dollar emerged as the clear winner on Friday, buoyed by a robust performance in the latest S&P Global PMI data. In contrast, Gold prices tumbled after the data signaled continued resilience in the US economy, dampening expectations for aggressive interest rate cuts by the Federal Reserve.
The Markit PMI data, a key gauge of business activity, surprised analysts across the board. The composite PMI for June clocked in at a healthy 54.6, exceeding expectations of 53.5 and remaining steady compared to the previous month's reading of 54.5. This broad-based strength suggests the US economy is likely on track for a solid second-quarter performance.
Manufacturing Resilience: The manufacturing PMI also impressed, rising to a three-month high of 51.7. This figure surpassed forecasts of 51.0 and the prior reading of 51.3, indicating continued expansion in the sector despite ongoing global supply chain challenges.
Booming Services: The services sector, which accounts for a larger share of the US economy, delivered an even stronger performance. The S&P Global Services PMI for June surged to a 26-month high of 55.1, exceeding expectations of 53.7 and the previous month's reading of 54.8. This robust expansion reflects healthy consumer spending and business investment, underpinning optimism for continued economic growth.
Gold Feels the Heat: The robust PMI data sent shockwaves through the Gold market. Investors, anticipating a dovish pivot from the Fed due to potential economic slowdown, had flocked to the safe-haven asset in recent months. However, the PMI results suggest that the Fed may hold off on aggressive rate cuts, dampening the appeal of Gold. Spot Gold prices plunged after the data release, falling by over 1% in a single day and slipping below the crucial $2,330 mark.
[FSRN] FISKER TO SATURNS MOON - FROM 6 CENTS TO $1.50 - $2.00There is a major short squeeze about to be crippled at $1.50 - $2.00 range after announcements that Fisker raised $3.5 million last month to stay afloat from private investors.
The TESLA engineering genius Henrik Fisker is back with a vengeance.. Legendary car-designer Henrik Fisker is one of those deeply imaginative thinkers. An automotive pioneer and tech innovator. Trust this is the most underrated stock in the market right now.
Potential to make $100,000 from each $1000 invested.
You're welcome, Roaring Puppy out.. OTC:FSRN
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Reference:
Fisker Raises Additional Capital From Existing Investor; Funding Is $3.456 Million; Potential to Increase to $7.5 Million
Fisker also Adds Three New U.S. Dealer Partners, in California and New Jersey; Waives $2,438 D&H Fee in U.S. on MY2023 Extremes and Ultras
XAU/USDa descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! 💰 Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...
USDJPY: BUY COMPLETE ✅Yeah now looks at me used to buy a opportunity I already confirm in fast analysis now look at my present target it that's cold baby price action is not with I am from get part 6 years I learned lots of things by my mistake no back support and no or got fathers and no teachers will teach me I learnt by mistake mistake mistake and also learning from mistakes and I also better I will mistake mistake fail fail and fail then you better something then you I can't feel and then you better little more that's how that's how you will be grow you first night bro s lost now it's my turn,
"Heading: Altcoins on Track for $5 Trillion Surge by 2025"Anticipating a Massive Altcoin Season: Exploring Potential Growth in Market Cap
Introduction:
The cryptocurrency market is abuzz with predictions of an impending altcoin season that could lead to a staggering $5 trillion Altcoin MarketCap by 2025. This forecast is grounded in historical data, fractal analysis, and chart patterns, suggesting a pattern reminiscent of previous market cycles.
Historical Context:
Examining the historical data reveals intriguing patterns:
After the all-time low (ATL), it took 762 days for the Total Market Cap to surpass its previous all-time high (ATH).
If history repeats itself, a new ATH could be reached approximately 761 days from today, potentially around December 2024.
The last bull run lasted about 1066 days, and the current one is expected to span between 1071 to 1064 days.
Fractal Analysis:
The fractal analysis unveils a compelling narrative:
In 2014–2015, the market experienced 610 days of consolidation.
2016-2017 witnessed a parabolic rise in Altcoin MarketCap, hitting Extension 3.168 at around $400 billion.
2018-2019 saw another 609 days of consolidation before a breakout.
Currently, in 2022-2023, the market has undergone 548 days of consolidation, hinting at an imminent breakout.
Future Projections:
Building upon the historical context and fractal analysis, the projection for 2024-2025 unfolds:
Anticipating that Altcoin MarketCap will experience a surge, reaching Extension 3.168, estimated at $5 trillion.
The expected timeframe for this extraordinary surge is set for the period of September to October 2025.
Conclusion:
Considering the historical patterns, fractal analysis, and projected timelines, the narrative paints a bullish outlook for altcoins in the long term. The predicted Altcoin MarketCap of $5 trillion by 2025 suggests significant potential for growth and underscores the importance of keeping a keen eye on market dynamics in the coming years. As the cryptocurrency landscape evolves, investors may find compelling opportunities in the altcoin space, marking the potential for a substantial shift in market dynamics.
After the breakthrough, #GOLD is ready to be pumped!#XAUUSD UPDATE
GOLD make this descending channel at hourly time frame.
The local trend and correction may be stopped by a breach of the descending channel resistance, and the price may then begin an active strengthening move towards the level 1984, 2000, and 2025.
Significant backing: 1950, 1940, MA-50
MA-200, 1960, and trend resistance are significant obstacles.
Given that the dollar is struggling and that gold is still a solid hedging tool, I believe that gold will be able to overcome the trend resistance in the medium term and resume its upward trend.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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EURUSD ; NECKLINE BREAK AND RETEST FOR THE BEARSEURUSD; On the 4h tf we have a change of trend from the initial uptrend now we have a break and retest of neckline giving us a possible bearish bias mood for the swing traders
we can trade within the indicated supply and demand zones or wait for a closed candle below or above the current support zone... in other way we can decide to wait for sweep of liquidity at the $ zone before we joined the bear traders...
Trading Psychology: How Does Your Mind Matter In Making Money?Hello traders, today we will talk about Trading Psychology
The most famous book on trading psychology, “Tradingpsychologie” aptly remarks, ‘The greatest enemy of the trader is fear. He who is afraid loses!’.
As a trader, you must have gone through emotions such as fear, greed, regret, hope, overconfidence, doubt, nervousness etc.
While every trader goes through this emotional rollercoaster, a successful trader knows that it’s never a good idea to let your emotions influence your investment decisions.
Not letting your emotions affect your trading decisions is the real meaning of trading psychology!
In this article, we will educate you on the meaning of trading psychology. We will also reveal trading tips and tricks to mentally prepare you to trade with confidence!
So, let’s begin!
What is Trading Psychology?
Trading psychology or investor psychology refers to the trader’s emotional and mental state which dictates their trading actions.
Some of these emotions like hope, confidence are helpful and should be embraced. But emotions like fear and greed must be contained. Another emotion that is very common in financial markets is the fear of missing out or FOMO.
It is essential to understand and develop a sharp mindset along with knowledge and experience to become a successful trader.
Let us take a look at the various psychological factors that affect a trader’s mindset and some pro-tips to deal with them.
1. Fear
Fear is a natural reaction that we sense when something is at risk. While trading, risks could occur in many forms –
Some bad news about the stocks or the market
Placing a trade and realising it’s not going the way you had hoped
Fear of loss of capital
Traders generally overreact and tend to liquidate their holdings because of fear. A strong trading psychology is when traders do not let fear dictate their buy/sell strategy.
What should you do?
Every trader must first understand what they are afraid of and why? Reflect on these issues ahead of time so you can quickly identify the problem and find a solution. Your focus should be to not let the fear of loss refrain you from making profit.
2. Greed
Greed enters when you desire excess profits. Rome was not built in a day and neither will your stock market fortune. If you find yourself on a winning streak, then book your profits and move on. Majority of the time, your greed will turn a winning streak into a disaster!
What should you do?
To combat greed, you should have a predefined profit booking level. Even before you enter a trade, define your stop-loss and book-profit levels to avoid being swayed by greed.
A sound trading psychology is when you are content with your profits and do not chase irrational profits.
3. Regret
Regret in trading comes in two ways.
A trader could regret placing a trade that didn’t work or
Regret not placing a trade that could have worked.
A trading psychology based on regret can be dangerous for a trader as it may result in placing wrong trades.
What should you do?
The best way to avoid a regretful trading psychology is to accept that you can’t have all the opportunities in the market. The equation in the stock markets is very simple – You win some; you lose some.
Once you accept this rule, your trading psychology will automatically change for the better.
4. Hope
Investors often think that trading is gambling. It’s because they hope to win all the time and when they don’t, they get dejected.
What should you do?
To become a successful trader, you must have a solid trading psychology which is not dependent on hope. If you keep hoping for things to change in the near future, you’re putting your entire investment at risk.
Don’t let hope keep you invested in a loss making trade. Be practical, and book your losses at the correct time.
To attain and maintain success as a trader, you have to work hard to cultivate a mindset! Let’s see how trading psychology helps you cultivate a better mindset!
How to Improve Your Trading Psychology
1. Get Yourself in the Right Mindset
Before you even start your trading day, simply remind yourself that markets are never constant. You will have some good days and some bad days, but the bad days too shall pass.
Another effective strategy to improve your trading psychology is to give yourself time. You are not going to make a fortune on your very first trading day. You need to spend time and efforts in creating a rock solid trading strategy which isn’t affected by the market sentiments.
While you cannot completely eliminate emotions from trading, the goal is to reduce the extent of emotions controlling your trading psychology.
2. Have a Great Knowledge Base
One of the best ways to improve your trading psychology is to increase your knowledge and trading skills. Having a strong knowledge base of the stock market is key to defeating negative trading psychology. Remember, knowledge is power!
3. Remind yourself that you are Trading in Real Money
When you’re trading online, it’s easy to forget that the numbers on your screen actually represent real money. There’s nothing wrong in risking your money in hopes of generating returns. But remember to be cautious and make smarter investment decisions.
4. Observe the Habits of Successful Traders
Stock market is unique because it treats each trader differently. When it comes to trading, you should be aware of what your peers are doing, not to copy them but to learn from them.
By observing the positive characteristics of successful traders and inculcating few habits or strategies into your own trading, you can improve your trading strategies manyfolds.
5. Practice! Practice! Practice!
Last but not the least, practice is the best and most reliable way to gain mental strength. It helps you improve your trading psychology over time as you build well practised trading strategies and are well prepared for any ups or downs.
Final Thoughts
Understanding trading psychology and implementing it is a time consuming process. You have to continuously refine your trading psychology over long time periods.
To sum up, remember these three golden principles of trading psychology
Be disciplined
Be flexible
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
US30 Next Movement ? Silicon Valley ?Biden emphasizes US banking system is safe after Silicon Valley Bank collapse , while regional bank stocks have been hammered throughout the day, there’s also some cautious optimism that their efforts are having an effect as Wall Street firms , so that will push a little us30 upper .