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Starting over in trading- A short guideThe internet has made it easier than ever to learn trading for free. You have access to blogs, videos, books, podcasts, and more. Yet, most traders still fail. Why? Because there’s too much information. It’s overwhelming, confusing, and filled with conflicting advice. So, if I had to start over from scratch, here’s exactly how I’d do it—step by step. ________________________________________ Step 1: Master Risk Management No matter what type of trader you become—day trader, swing trader, options trader, quantitative trader, etc.—risk management is the foundation of long-term success. It’s also one of the easiest things to master, and once you do, it will pay off for the rest of your trading career. Risk Management Essentials: ✅ Never risk more than 1-2% of your account per trade. ✅ Always use stop losses to protect your capital. ✅ Focus on risk-to-reward ratios (aim for at least 1:2 or better). ✅ Manage position sizing properly to avoid blowing up your account. Once you understand how to protect your capital, it’s time to expose yourself to the trading world. ________________________________________ Step 2: Learn & Explore Different Trading Styles When you're just starting, you don’t know what you don’t know. Your goal at this stage is to explore different trading strategies, tools, and methods. What to Learn: 🔹 Candlestick patterns & price action 🔹 Indicators (moving averages, RSI , MACD , etc.) 🔹 Chart patterns (head & shoulders, triangles, etc.) 🔹 Market structures (support/resistance, trends, ranges) 🔹 Different trading styles (day trading, swing trading, scalping, momentum trading, etc.) Mindset for This Phase: 🚀 Keep an open mind—don’t judge strategies too early. 🚀 Focus on learning rather than making money right away. 🚀 Accept that not everything will work for you—and that’s okay. At this stage, your goal is not to become an expert in everything but to discover what resonates with you. ________________________________________ Step 3: Pick ONE Strategy & Go Deep After exploring different strategies, you need to commit to ONE. This eliminates information overload and allows you to focus on mastering a single trading method. How to Choose a Strategy: 🔹 Does it fit your personality? (e.g., If you hate fast decision-making, avoid scalping.) 🔹 Does it match your lifestyle? (e.g., If you have a full-time job, swing trading might be better than day trading.) 🔹 Can you understand the logic behind it? (A good strategy should be simple, not overly complicated.) Example: Mean Reversion Strategy in Stocks • Identify stocks in an uptrend 📈 • Wait for a pullback (price moves lower) • Enter when the stock shows signs of resuming the trend • Sell on the next rally By focusing on one strategy, you eliminate confusion and make faster progress. ________________________________________ Step 4: Create & Refine Your Trading Plan Now that you have a strategy, it’s time to turn it into a structured trading plan. Your trading plan should include: ✅ Market Conditions – When will you trade? Trending or ranging markets? ✅ Entry Rules – What signals will you use to enter a trade? ✅ Exit Rules – When will you take profits or cut losses? ✅ Risk Management – How much will you risk per trade? 💡 Example Trading Plan (Momentum Trading): • Market: Trade only in strong uptrends. • Entry: Buy when the price breaks above a key resistance level. • Exit: Take profit at 2x risk, cut losses at a 1x risk. • Risk Management: Risk only 1% of the account per trade. A clear, structured plan removes emotion from trading and keeps you disciplined. ________________________________________ Step 5: Test Your Strategy (Before Risking Real Money) You never know if a strategy works until you test it. How to Test a Trading Strategy: 🔹 Backtesting – Analyze past data to see if the strategy has worked historically. 🔹 Forward Testing (Paper Trading) – Trade in a demo account without real money. What You’ll Learn from Testing: ✔️ Does the strategy make money over time? ✔️ How often does it win vs. lose? ✔️ How big are the drawdowns? ✔️ Does it match your risk tolerance? If the strategy performs well in testing, you now have a solid foundation to trade with real money. If it doesn’t work, tweak and improve it—this is part of the process. ________________________________________ Final Thoughts: The Key to Long-Term Success Starting over isn’t about finding the “perfect” system —it’s about following a structured approach. Here’s the Path to Trading Success: 1️⃣ Master Risk Management – Protect your capital first. 2️⃣ Learn & Explore – Understand different strategies & tools. 3️⃣ Pick ONE Strategy – Focus on a proven method. 4️⃣ Create a Trading Plan – Define your rules clearly. 5️⃣ Test & Improve – Validate your strategy before going live. 🔥 Bonus Tip: Trading success is 80% psychology and 20% strategy. Stay patient, disciplined, and treat trading like a business—not a get-rich-quick scheme.
Education
by Mihai_Iacob
GBPUSD Expected Growth! BUY! My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2904 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2929 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBP/USD 1-Hour Chart Analysis: Bearish Setup with Key ResistanceGBP/USD 1-Hour Chart Analysis: Bearish Setup with Key Levels Key Technical Indicators: Current Price: $1.29427 30 EMA (Red Line): $1.29453 (Short-term trend) 200 EMA (Blue Line): $1.29351 (Long-term trend) Key Resistance Zone: $1.29663 - $1.29851 (shaded purple) Support & Target Levels: TP 1: $1.29358 TP 2: $1.29153 TP 3: $1.28895 Final Target: $1.28662 Analysis: Trend: The price is struggling around the 30 EMA and 200 EMA, showing indecision. The shaded resistance zone ($1.29663 - $1.29851) is a key area where sellers may take control. Trade Setup: Entry: Expected near $1.29663 (potential rejection from resistance). Stop Loss: Above $1.29851 (to minimize risk if price breaks higher). Take Profit Targets: Multiple levels, with the final target at $1.28662. Bearish Confirmation: If price gets rejected at resistance, a downside move toward support levels is likely. A break below 1.29358 could accelerate selling pressure. Conclusion: The chart suggests a potential bearish trade setup, with resistance acting as a key rejection point. Watch for confirmation signals at the resistance zone before entering a short trade. A break above $1.29851 would invalidate the bearish outlook.
Short
by EA_GOLD_MAN_COPY_TRADE
The Fibonacci Code: GBP/USD is FollowingGBP/USD Elliott Wave Analysis: Bearish Setup Unfolding In this 4-hour GBP/USD chart, we can see a classic Elliott Wave correction pattern forming. Price action is currently moving within a contracting triangle structure, with wave A and B shaping the market’s corrective movement before a potential impulsive wave C decline. Key Observations: ✅ Wave Structure: The price is completing a wave B retracement into a key resistance area (yellow box), aligning with a supply zone. ✅ Converging Trendlines: A descending triangle is forming, confirming potential exhaustion in bullish momentum. ✅ Projected Move: If the pattern follows Elliott Wave principles, we anticipate a rejection from wave B’s peak, leading to a strong downward move toward the 1.2798 supply zone. ✅ Market Confluence: The confluence of resistance, supply zones, and wave structure increases the probability of a short setup. 📉 Trading Idea: If price reacts strongly from the marked resistance, a short position with a target near 1.2798 could offer a high-probability trade opportunity. Let me know your thoughts! Are you seeing the same setup? 🔥📊
by Greenfireforex
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Potential evening star pattern near a resistance level at 1.295In the 1H timeframe, we observe a bearish trend where prices have consistently failed to break above previous highs. The recent price action shows a potential evening star pattern near a resistance level at 1.29500. The EMA confirms downward momentum, and the ATR indicates volatility has been tightening, suggesting a possible breakout. Given the RSi is hovering at 40, it shows bearish momentum building up. Thus, entering at 1.28970, with a stop loss set at 1.29600 (just above recent swings) and a take profit target at 1.28000 aligns with a good risk-reward ratio.
Short
by seyefactory
gbpusdBelow is a step-by-step analysis of the GBP/USD chart you shared, applying the integrated strategy (Markttechnik structure, Heiken Ashi confirmation, liquidity sweeps, and inducement). --- 1. Higher-Time-Frame Context (If Available) Although the screenshot only shows a 15-minute (M15) view, the Markttechnik approach typically begins by checking a higher time frame (H1, H4, or Daily) to confirm the overall trend. Without that info, well focus on the visible structure in your screenshot and assume a relatively range-bound or chopn M15 From the screenshot, there are several labeled swing points (Point 1, Point 2, Point 3), indicating how price is moving between support and resistance levels: 1. Upward Swings to ~1.299 Price seems to push into the 1.299 - 1.3000 zone multiple times, forming potential liquidity above these highs. 2. Downward Swings to ~1.289 - 1.290 Each time price drops, it finds some support around 1.290, suggesting liquidity pockets or demand near that level. Overall, the chart looks like its oscillating between these swing highs and lows, creating a short-term range. --- 3. Heiken Ashi Candle Clues Heiken Ashi candles can smooth out noise: Bullish Phase: Consecutive green candles heading toward 1.299. Bearish Phase: Consecutive red candles after failing to break above 1.299 convincingly. From the screenshot, the most recent move seems bearish (red Heiken Ashi candles) after the pair failed to hold above 1.2951.296. --- 4. Liquidity and Inducement Analysis 1. Liquidity Above 1.299 Those highs near 1.2991.3000 represent a potential liquidity pool. Each time price approaches this area, sellers stop-losses (and buyer breakout orders) may cluster above. 2. Liquidity Below 1.290 Price has revisited ~1.2891.290. Any move below this area could trigger stops from buyers, offering a sweep scenario if price dips and reverses. 3. Inducement / False Breakouts Notice the wicks or brief pushes above ~1.299 that fail to continue higher. This can be an inducement to trap buyers expecting a breakout. After failing to push higher, price reverses and drops quickly. --- 5. Potential Trade Ideas Scenario A: Short After Liquidity Sweep Above 1.299 1. Setup Price attempts to break 1.299, forms a final push (liquidity grab), then produces a red Heiken Ashi candle that closes back below 1.299. 2. Entry Once a strong bearish Heiken Ashi candle closes below the high, indicating a false breakout, enter a short position. 3. Stop Loss Above the recent liquidity sweep (slightly above 1.3000). 4. Take Profit At or near the 1.290 support area (or even lower if you see momentum). Scenario B: Long After Liquidity Sweep Below 1.290 1. Setup If price breaks below ~1.290, you watch for a false breakdown. A quick rejection with a strong bullish Heiken Ashi close back above 1.290 can signal the sweep is complete. 2. Entry Go long when a bullish Heiken Ashi candle confirms a rebound above the liquidity zone. 3. Stop Loss Below the recent low (slightly under 1.289 or the lowest wick). 4. Take Profit Near the 1.299 resistance or previous swing highs for a 2:1 (or better) reward-to-risk ratio. --- 6. Markttechnik Point 1, 2, 3 Perspective Based on your labeling: Point 1 / Point 2 / Point 3 could mark successive swings (higher highs or lower highs/lows). Each Point 3 might be where the market turns after failing to break a prior level, or it could be your next decision zone. In a ranging environment, these points help you see the oscillation between support (demand) and resistance (supply). A trade signal would trigger when the market sweeps one of these points and then clearly reverses. --- 7. Putting It All Together 1. Identify Key Zones 1.290 (support & liquidity) 1.2991.300 (resistance & liquidity) 2. Look for Sweeps Watch for price to poke above/below these zones and then close back inside. 3. Heiken Ashi Confirmation Enter on a Heiken Ashi candle that confirms the reversal. Consecutive red for short, consecutive green for long. 4. Risk Management Stops outside the liquidity sweep, targets at least 2:1. 5. Execution Given the current screenshot, the market recently turned down from near 1.2951.296. You could wait to see if it sweeps below 1.290 for a potential buy, or if it returns to ~1.299 for a potential sell. --- Conclusion Short-Term Bias: Slightly bearish after failing to break above 1.2961.299. Potential Long Setup: If price dips below 1.290 and quickly reverses (false breakdown). Potential Short Setup: If price rallies again to 1.2991.300 and fails (false breakout). By monitoring liquidity sweeps around these key zones and confirming direction with Heiken Ashi candles, you can apply your combined strategy for entries, stops, and profit targets.
Short
by Nashvillera
GBPUSD Forms Triangle as World Awaits Trump’s MoveGBPUSD is trading sideways in a triangle pattern as markets await potential US tariffs, which may be imposed tonight. The new tariffs will target multiple countries, making negotiations harder and most likely slowing the global economy. If tariffs are confirmed, a break below 1.2868 could trigger USD strength and GBPUSD downside. Alternatively, a break above 1.3015 might suggest USD weakness. Traders should also monitor EURUSD for confirmation. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
by ThinkMarkets
GU-Tue-1/04/25 Top down analysis-Investors in risk off modeAnalysis done directly on the chart Risk On: When the market is in a "risk on" mode, investors feel confident and optimistic about the economy or financial markets. They are more willing to take on higher-risk investments, such as stocks, cryptocurrencies, or emerging market assets, in pursuit of greater returns. This typically happens during periods of economic growth, positive news, or stability. Prices of riskier assets tend to rise, while safe-haven assets like bonds, gold, or the US dollar might see less demand. Risk Off: In a "risk off" environment, investors become cautious or fearful due to uncertainty, economic downturns, geopolitical tensions, or negative news. They shift their money into safer, lower-risk investments like government bonds, gold, or stable currencies (e.g., USD, JPY, CHF). Riskier assets like stocks or commodities often decline in value as investors "de-risk" their portfolios. Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
Fundamental Market Analysis for April 1, 2025 GBPUSDOn Monday, the GBP/USD pair was traversing the charts in familiar territory, passing a familiar accumulation zone as investors awaited the latest iteration of US President Donald Trump's tariff threats. The Trump administration intends to enact a broad catalog of tariffs against virtually all US trading partners starting April 2. Specific details of the Trump administration's tariff plans this week remain vague and elusive, but the main tariff threats remain “retaliatory” tariffs on all countries that have their own tariffs on imports of U.S. goods, regardless of the economic context. Retaliatory tariffs on Canada and the European Union are also expected, as well as additional flat tariffs on copper and automobiles. The UK economic data release schedule remains loose this week, however, fresh US Nonfarm Payrolls (NFP) employment data is due out later this week. The release of NFP could be an important factor for the markets as the US economy transitions into a post-tariff economic environment, and the March labor data will serve as an “indicator” of the impact of the Trump team's tariff plans. Trading recommendation: SELL 1.29250, SL 1.30000, TP 1.28650
Short
by Fresh-Forexcast2004
GBP/USD Technical & Fundamental AnalysisThis chart presents a long (buy) trade setup on GBP/USD (British Pound to US Dollar) 30-minute timeframe. Technical Analysis 1. Entry & Stop Loss (SL) 🛑 Entry Zone: 1.29050 - 1.29100 (Purple Support Area) Stop Loss: Below 1.28850 (Red Box) 2. Target Zones 🎯 Target 1: 1.29300 – Minor resistance, suitable for first take-profit (TP1). Target 2: 1.29500 – Stronger resistance level. Target 3: 1.29700 – Major resistance area, final take-profit (TP3). 3. Market Structure & Price Action 📈 The price reacted to the entry zone, a support level. A retest of previous demand zones before potential bullish continuation. Risk-to-Reward Ratio (RRR): Favorable, as upside potential is greater than downside risk. Bullish Confirmation: If price holds above the 1.29050 zone, an upward move is likely. Recent Fundamental Factors Affecting GBP/USD 1. UK Economic Data 🇬🇧 UK GDP Growth: Slower growth than expected, but still in positive territory. Bank of England (BoE) Policy: No immediate rate cuts, keeping GBP stable. UK Inflation: Still above target, supporting a stronger GBP. 2. US Economic Data 🇺🇸 Federal Reserve (Fed) Policy: Mixed signals from the Fed—some officials hint at rate cuts later this year. If the Fed pauses or cuts rates, GBP/USD could rise. US Non-Farm Payrolls (NFP) Data: Expected to show job market resilience. A strong NFP could push USD higher, pressuring GBP/USD. US GDP Data: Slower-than-expected growth could weaken USD, helping GBP. 3. Market Sentiment 🌍 Risk-On vs. Risk-Off: If investors shift to risk-on sentiment (buying stocks, GBP), GBP/USD could move higher. If risk-off sentiment dominates (buying USD as a safe haven), GBP/USD may struggle. Conclusion & Trading Plan ✅ Buy near 1.29050 - 1.29100 with SL below 1.28850. ✅ Take Profits: TP1 (1.29300), TP2 (1.29500), TP3 (1.29700). ✅ Monitor: US economic data, Fed rate expectations, and risk sentiment.
Long
by xxChartWhizxx
New Update Of GBPUSD 1 H Time frameHere’s an advanced technical insight: --- 1. Structure Analysis The chart demonstrates a bullish structure in the GBP/USD 1-hour timeframe, characterized by: Higher Highs and Higher Lows: The price is respecting an ascending channel, indicating sustained bullish momentum. The Support 1 level (~1.2600) has transitioned from resistance to support, confirming a breakout and potential continuation of the uptrend. --- 2. Supertrend Confirmation (10, 3) The Supertrend indicator aligns with the bullish bias as the price is above the green Supertrend line. Supertrend crossover (red to green) indicates a potential reversal in momentum, which occurred earlier in the demand zone. --- 3. Demand and Support Levels Support 1 (~1.2600): A critical intraday level, likely to act as a short-term pivot point for bulls. If retested, it could provide an opportunity for re-entry. Demand Zone (1.2400–1.2500): A broader accumulation zone based on historical price reactions and the swing low, providing stronger support in case of a deeper correction. --- 4. Price Action within the Ascending Channel The pair is trading in a tight ascending channel, with clear upper and lower boundaries. The midline of the channel can act as dynamic support/resistance. The dashed arrow projection suggests that bulls may target the channel’s upper resistance (~1.2700). --- 5. Probable Scenarios Bullish Scenario: If the price sustains above Support 1 and remains inside the ascending channel, expect continuation toward: Short-Term Target: 1.2650 (minor resistance). Mid-Term Target: 1.2700 (channel resistance). Bearish Scenario: A break below the ascending channel’s lower boundary (~1.2600) could invalidate the bullish bias. Potential downside levels: 1.2550 (local horizontal support). 1.2500–1.2400 (Demand Zone). --- 6. Trade Ideas Long Setup Entry: Wait for a pullback to Support 1 (~1.2600) or channel lower boundary. Target: 1.2650, 1.2700. Stop Loss: Below 1.2580 (to avoid being caught in a false breakout). Short Setup (Countertrend): Entry: If price breaks below the channel (~1.2600). Target: 1.2550, then 1.2500. Stop Loss: Above 1.2635 (to account for a false breakout). --- 7. Risk Management Use proper risk-to-reward ratios (minimum 1:2). Position sizing is critical; align trades with your account's risk tolerance.
by mrsagarfx