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Unlock Market Targets with Fibonacci: Precise Entries & Exits Hey there! In this video, I’ll walk you through how I use the 50% and 100% Fibonacci levels to get a clear sense of where the market might move next. It’s a simple, no-fuss approach that helps me trade with more confidence—without cluttering my charts with tons of indicators. The projection marks where a move might wrap up—perfect for deciding when to exit or take profits. Whether you’re into forex, crypto, or stocks, this strategy can keep things simple and effective. If you found this helpful, feel free to like, boost, comment, or follow—I’d love to know your thoughts and hear how this method works for you! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
Forex Portfolio Selection Using Currency Strength Index (CSI)Hello Traders, Today, I’ll share my portfolio selection approach in forex trading. This method helps identify the best forex pairs to trade based on their relative strength. The simplest and most effective strategy is to use the Currency Strength Index (CSI), combining the H4, Daily (D1), and Weekly (W1) cumulative strength. By analyzing this data, we can identify the strongest and weakest currencies at any given time. Once we have this information, the next step is to pair the strongest currencies with the weakest. Here are today’s portfolio selections: BUY Pairs: GBPUSD, GBPCAD, GBPNZD SELL Pairs: USDJPY, CADJPY, NZDJPY, USDCHF, CADCHF, NZDCHF The key benefits of this portfolio selection process are: A focused view on the most profitable currency pairs An objective approach to trading decisions Clear direction on which way to trade (buy or sell) Like, comment by letting me know what you think and follow me for more trading education. Happy trading!
Education
by Charts247TradingAcademy
Unlocking Profitable Forex Trading Forex trading can be a complex and risky endeavor, but with a well-defined trading plan based on trend and key levels analysis, traders can gain a competitive edge. In this article, we will explore a real-life example of a forex trading plan that leverages these two powerful strategies to maximize profitability. Understanding Trend Analysis: Trend analysis involves studying price movements over a specific period to identify and capitalize on market trends. By analyzing the direction, duration, and strength of trends, traders can make informed decisions and align their trading strategies accordingly. Leveraging Key Levels Analysis: Key levels refer to significant price levels on a chart that tend to act as barriers or magnets for price movement. These levels can include support and resistance levels, Fibonacci retracements, pivot points, and psychological round numbers. Real Example: A Forex Trading Plan: 1️⃣ Identify the Trend: Begin by analyzing the higher timeframes (daily, weekly) to determine the overall trend. Use trend indicators like moving averages or trendlines for confirmation. 2️⃣ Zoom Into Lower Timeframes: Switch to lower timeframes (4-hour, 1-hour) to identify potential entry points in the direction of the established trend. 3️⃣ Spot Key Levels: Locate key levels such as support and resistance zones, Fibonacci retracements, or psychological levels that align with the trend identified in the higher timeframes. 4️⃣ Analyze Candlestick Patterns: Look for bullish or bearish candlestick patterns that confirm a potential reversal or continuation of the trend at key levels. Popular patterns include doji, engulfing, and hammer. 5️⃣ Plan Entry and Exit Points: Once a high-probability setup is identified, determine precise entry and exit points, factoring in risk-reward ratios. Utilize stop-loss orders to protect against unexpected price reversals. 6️⃣ Set Risk Management Parameters: Determine the risk tolerance and position size based on the trading account balance. Implement sound risk management practices, such as using trailing stops or adjusting stop-loss levels as the trade progresses. 7️⃣ Monitor and Adjust: Continuously monitor the trade, adjusting stop-loss levels or taking partial profits as the price reaches predetermined levels. Adapt to changing market conditions if necessary. 8️⃣ Learn from Experience: Review past trades to identify strengths and weaknesses. Learn from unsuccessful trades to improve the trading plan and identify areas of improvement. Conclusion: Creating a forex trading plan based on trend and key levels analysis provides a structured approach to the dynamic world of forex trading, enhancing the chances of profitable trades. By incorporating this strategy into your trading arsenal and continually refining it based on real-life experience, you can become a more successful and profitable forex trader. Remember to stay disciplined and adhere to your plan at all times. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
14
XAUUSD How to define the trend (educational post) Good afternoon gold gang! i hope you are all well and enjoyed your bank holiday weekend. This weeks educational post is based on trends and how to define them. The example above is of an up trend. You can follow this example in a down trend situation also, just in reverse. Ok so what do i look for .. on the 4hr chart .. im looking for my key levels as always. When price breaks a key level .. it will come back to retest it .. in normal market conditions. When price comes back to test it .. i am looking for price to respect that level by the way of a wick, and a close above it (in this case) .. this is where i can say the market has made a higher low and then to push on up to retest the previous higher high. In a case of the trend braking .. a change in structure .. i would like to see price at least break the previous key level (one below it) and then i can say the trend has changed. You can also take a trade at these levels .. after the retest. Just wait for a candle close confirmation after the liquidation wick and target the high/low. I hope this was educational to you, its very basic but its nice to go back and drill them from time to time. Stay tuned for market open updates guys .. until then .. please like this post and follow along for more XAUUSD updates. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
3
XAUUSD How to deal with fake outs (tutorial) Good morning gold gang! Im back with another educational piece this weekend getting ready for market open. In this weeks i want to look at the fakeout. The fakeout is a false breakout of the key level. When price moves and closes outside of the level, the next step is to enter the trade. Sometimes what happens is price will close then shoot back up into the range. This is a fakeout. The way i deal with them is i always make sure my entry is a pip or 2 after the wick of the previous candle .. normally what happens is the next candle will open before the wick and saving you from the entry. If this doesnt happen, then you take the loss like a man/woman/person and move on. What NOT to do is change bias and take buys (in this case) as you can get faked out this way too .. a change in bias would be above the next htf resistance or key level. Hope this was educational guys .. please like and follow along for more XAUUSD updates. I post daily and you dont want to miss them. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
2
tommyXAU simple entry model. Good morning gold gang! I thought id hop on here and post my super simple entry method for you to see. Its no SMC or ICT model that turns your brain in knots trying to figure out .. its simple, as trading should be. I look at some strategies on here and think to myself .. wow, that would turn me into an emotional wreck with my finger on the button. Ask yourself this .. do professional traders in banks use trading view and mark up charts? Its all time and price. Here i am looking for strong breaks of my banking levels in high volume times with a strong closure (30m/1h) preferably. Then an entry on the break of that candles wick. Target is always the next banking level but be very savvy with your risk management. Other areas play a factor too you cant just blindly jump in here .. but this is the exact model i use to execute. Hope this helps guys, drop a like if it did. See you tonight for market open tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
4
Top Tips For Beginner TradersTrading can be a lucrative and exciting venture, but it can also be overwhelming and risky for new traders. Whether you are interested in stocks, forex, or other markets, there are some important tips to keep in mind as you begin your journey as a trader. Let's outline some of the top tips for new traders. Start with a solid education The first step to becoming a successful trader is to gain a solid education on the markets you are interested in trading. This can involve reading books, taking courses, attending seminars, and researching online. By understanding the fundamentals of trading, you can avoid many common mistakes and develop a strong foundation for your trading career. Develop a trading plan Before making any trades, it is essential to develop a trading plan that outlines your strategy, risk management approach, and goals. Your plan should also include details such as the types of trades you will make, the timeframes you will trade on, and the tools and indicators you will use to analyze the markets. Practice with a demo account Many brokers offer demo accounts that allow you to practice trading without risking real money. This is a valuable way to test out your trading strategies and get a feel for the markets before committing to real trades. Practice trading on a demo account until you feel comfortable with your approach and have a solid understanding of the markets. What I love about Trading view is that you can demo trade without a broker. You can save the headache of having to find a broker later in your trading journey when you're ready to trade live. Manage your risk One of the most important aspects of successful trading is managing your risk. This involves setting stop-loss orders to limit your losses and using proper position sizing to ensure that you do not risk more than you can afford to lose. Never trade with money that you cannot afford to lose, and always be mindful of the risks involved in each trade. Think of each trade as it's own idea that gets a portion of your capital. That makes it easier to trade in size instead of betting everything in 1 or 2 trades. Keep a trading journal Keeping a trading journal is a great way to track your progress and identify areas for improvement. Record your trades, the reasons behind them, and the outcomes. Analyze your trades regularly to identify patterns, mistakes, and successes, and adjust your trading plan accordingly. Your journal will differ from other trader's journal so be mindful you're keeping dated records of everything you do. Be patient and disciplined Successful trading requires patience and discipline. Avoid the temptation to make impulsive trades based on emotions or rumors, and stick to your trading plan. Remember that trading is a long-term endeavor, and focus on making consistent gains over time rather than trying to get rich quick. If you add stress to your journey, the road to being a profitable trader will not be enjoyable. Being patient and disciplined can reserve your mental and physical capacity as a trader. Stay informed Finally, it is important to stay informed about the markets you are trading in. I'm big on not following every trader's advice or suggestions because then, you'll trade their journey. While their journey may be great yours could suffer if they decide to stop trading and you can't hold your own. To get the best results, stay up to date with current price movement. If you are a fundamental trader, stay up to date on what economical data is moving the market. be sure you understand what you do for yourself and not based on what others have to say about the market. In conclusion, trading can be a rewarding and profitable venture, but it requires dedication, discipline, and a solid education. By following these top tips for new traders, you can avoid many common mistakes and develop a strong foundation for your trading career. Remember to stay patient, manage your risk, and stay informed, and you will be on your way to success in the world of trading. I'll be live-streaming here on Trading view tomorrow at 1:00 pm EST. to give more tips to help the beginner trader. I hope to see you there and I hope you enjoyed these tips.
Education
by ShaquanLopez
7
FOREX 101 - 4 TYPES OF LOT SIZES.What is a lot? A ‘lot’ is a measure of a transaction amount. It’s the minimum number of units of the base currency that you can buy or sell. This gives traders more control over the exposure per trade. There are four main types of Lot Sizes. Lot size #1: Standard lot = 100,000 units of base currency Risk per pip =$10 per pip Lot size #2: Mini-lot = 10,000 units of base currency Risk per pip = $1 per pip Lot size #3: Micro-lot = 1,000 units of base currency Risk per pip = $0.10 per pip Lot size #4: Nano-lot = 100 units of base currency Risk per pip = $0.01 per pip Did you find this helpful? Let me know in the comments so I can do more Forex 101 tips. Ask any trading questions too :) Trade well, live free. Timon MATI Trader
Education
by Timonrosso
2
⭐ ZOOM OUT ⭐ ZOOM OUT 1️⃣ When preparing to take a trade, it is better to take a broad look at the charts. 2️⃣ Taking into account the higher time frame charts, makes you see the bigger picture of the market structure and have a better bias. 3️⃣ Analysis carried out on the daily (1D) and four hour (4H) gives you "stronger entries" and reduces the chances of having false signals. 4️⃣ Of course there are different types of traders, and the SCALPERS would not want to stay long in the markets thus trading the smaller time frame. This can also be done with reference to higher time frame zones by scalping only when the market is around a strong reaction point from the higher time frames. 💥 ZOOM OUT
Education
by Sage_Trader
⭐ DO NOT FOMO⭐ DO NOT FOMO 💥The financial market provides trading opportunities every day. 💥Do not FOMO (Fear of missing out). Most often rather than not you will always be in the wrong end of a trade if you FOMO on it 🤔 What to do instead? 1. Remain calm, if you didn't plan the trade, let it be. 2. Ignore traders who shill trading opportunities without giving you concrete reasons and research details. 3. DYOR (DO Your Own Research). 4. Understand that you will get other opportunities so no need to panic. DO NOT FOMO !!!
BLACKBULL:SPX500Education
by Sage_Trader
1
The Base & Quote Currency - What Are They?In forex the base currency is the first currency mentioned in the symbol (the first 3 letters). The quote currency is the second currency mentioned in the symbol (last 3 letters). The base currency is being given a 'quote' in the quote currency quite simply, saying that if you hold one base currency you will receive x amount of quote currency. If you take a buy trade (long) then you are effectively purchasing the base currency, expecting it to rise in value against the quote currency. Likewise if you take a sell trade (short) you are effectively selling the base currency into the quote currency, anticipating that the base currency will fall in value against the quote currency. With CFD's you don't need to own either of the currencies to trade them, as the contract makes you liable for the value of change of the forex rate based upon the contract size (lot size). The broker will calculate this value, convert the amount to your forex trading account's base currency, and issue you with the profit or loss. For example, lets say your account is in GBP and you buy one contract (1.00 lots) of EURUSD. The EUR appreciates against the USD by 10 pips, and your profit is 100 USD. The broker then converts this to GBP using the USD/GBP rate (currently 0.7040), making your profit 70.4 GBP! The broker issues this profit into your trading account.
Education
by ToniSignals
ICHIMOKU AND RVI BEGINNERS PLAY BOOKNow ichimoku is relatively simple look for buys above the cloud and look for sells under the cloud. so when we backtest that over our 5/5 winners with rvi we get two less entrys, however as a beginner to avoid them whipsaw movements that isnt always a bad thing. The cloud itself offers dynamic support and resistance based of averages. price breaking through the cloud signals a breakout and a change in the trend usually. if new to trading I recommend learning about ichimoku on youtube, its not the all time great plan but if you have no plan its better than that. to keep discipline and entry requirements.
TVC:USOILEducation
by UnknownUnicorn6102956
RVI TUTORIAL OIL EXAMPLE 5/5 WINNERSSo I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal, enter on cross exit on cross to maintain maximum pips. Personally i find relative vigor index very useful when used in conjunction with good trading ideas and good structure analysis
TVC:USOILEducation
by UnknownUnicorn6102956