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Buyers

A quick example of xauusd for possible shorting positionHello traders In this case we are looking gold trading idea from overall bullish direction. From first H4 breaking - Daily whales were not looking interested in defending own demand zone. Because it's hard to know whether is just a tricky part or not At daily recent Lower Low 1798.73$ - 4 hour whales tried first breaking move and failed. Daily whales bounced back but not sharply. !There is a question mark! Are daily's still alive and they are hiding behind the whole scene or daily's are out of gas and need ''lower rest'' because of not proving strong power at time 4 hour whales tried to break recent lower low support level at 1798.73. This analysis can be traded from contra trade perspective if H1 confirmation prove its retracement (more in disscussion room). If not, we still should be on overall bullish side and wait for right timing and more data. Read more about us on elitefxacademy and join free suggestion room GOOD TRADING ELITE FX ACADEMY
FX_IDC:XAUUSD
by EliteFxAcademy
2
EURUSD Possible Short Term Rebound/Retracement UpwardRemembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during trading. It will be a foolish word to just say overall trend reversal as things need time to fully confirm the actual fact and it's not right time to say a pure reversal or not but I can say for now bearish have been weakening and we can see a slight retracement around 38.20% Fibonacci retracement level at least. If better who knows 50% can also be possible but the price will need to break the weekly pivot point level plus breakout beyond the falling trendline (red). Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
Long
by Anatta0
4
Buying vs Selling Pt2- Who's really in CONTROL?Part 2 here is all about CONTROL . As I said in part 1, people tend to equate green candles with buying and red with selling but the default coloring is wrong and does not reflect the actual actions of smart money. Like color, a common misconception is that if the day is red and way down, people are selling off. The reality is most of the time the market is down because buyers are in control . Think about the stock market the same way you might think about a housing market for a moment. Have you ever heard "it's a seller's market" or "a buyer's market"? What's going on in those markets? Usually in a sellers market, the homeowner lists their house, gets a ton of bids, and chooses the highest bidder. They may even decide they listed too low or change their mind. In a buyers market they may not be so fortunate to get a lot of bids and the bids that come in may be below their asking price. Depending on their motivation, the homeowner in a buyers market might sell for below their asking because they are in a dire situation where they need the money or are spooked that prices are going to continue to fall. In a lot of cases, that's not too far from stock markets. Think about the last month or so with the COVID-19 pandemic and look at this chart- Who's really in control here? You always hear people saying, "Sellers at it again" when we have these -7% trading halts. The reality is closer to this though, who really wants to BUY in a time like this? Sellers have lost control. Through much of the crash you could not sell your shares for yesterday's price because the buyers on the other end of the table said no thanks, I think I can get a better price to buy at later. Here's an example of the December 2018 correction and some insight as to the balance of control- Until you understand it better, thinking of control and phases this way seems counter-intuitive. Why is the price RISING if people are SELLING? Or why would price be FALLING if we're supposedly BUYING? I like to look at it in terms of these phases (on main chart)- Buyers Collect -> Chase -> Sellers Profit -> Panic Most of us are dumb money, retail traders. Oh, and we're HUMAN. We struggle emotionally with harvesting profits because we get greedy and our heart starts pounding when we see heavy volume and giant red candles. Combining color and control on a couple intraday examples-
AMEX:SPYEducation
by chrism665
14
[b]GBPJPY – trending depends on breaking this range and Gbp perfGBPJPY – trending depends on breaking this range and Gbp performance. Trend: Strong Buy Price action: Buyers still didn't show any power. If we compare lower timegrame, then sellers are in much better position in compare to buyers. Overall market is still in buyers trending, but in any chance be aware of any break that wil happen. Potencial trade idea: Bulls targets: T1 = 140.699 T2 = 143.270 T3 = 145.741 Bears targets: T1 = 137.227 NOTE – We are trading GBPJPY via the preferred trading setups Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. ELITEFXACADEMY
Education
by EliteFxAcademy
GBPUSD POTENTIAL LONG OPPORTUNITY (4H & 1D CHART) GBPUSD POTENTIAL LONG OPPORTUNITY OKAY SO AFTER LOOKING AT THIS CHART GBPUSD IS DISPLAYING SOME SIGNS OF A BUYER PUSH TO THE UPSIDE. IF YOU TAKE A LOOK AT THIS 4H CHART YOU CAN SEE HOW PRICE FAILED TO MAKE NEW LOWS BELOW THE 1.20500-1.2100 PRICE LEVELS WITH A DISPLAY OF STRONG BUYER MOMENTUM AS WELL. MOMENTUM IS A KEY INDICATOR FOR WHOS INTEREST IS IN THE MARKET. IVE LEARNED THAT IT DISPLAYS WHO HAS INTEREST IN THE MARKET AND SINCE WE ARE LOOKING TO EXTRACT PROFIT FROM THE MARKETS WE NEED TO FOLLOW THOSE WHO ARE PROFITABLE (THE ONES MOVING THE MARKET). WE ARE LOOKING FOR PRICE TO HOLD ABOVE THE 1.2100-1.21100 HANDLE WITH DECENT BUYER MOMENTUM FOR THIS TO BE A HIGHER PROBABLE PUSH TO THE UPSIDE. WATCH THIS PULLBACK AND LOOK FOR STRONG BUYER MOMENTUM FOR A GOOD RISK/REWARD RATIO SETUP AS WELL AS A DECENT ENTRY ZONE. KEEP AN EYE OUT AND LETS SEE HOW IT WANTS TO PLAY OUT! CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS !! **REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT
Long
by JosePips
USDCHF Buy Limit Swing Trade Idea USDCHF ---------------------------------------------------------------------------------------------------------------- So we have been experiencing a huge downtrend for this pair since weeks. Dollar weakness contributes to this as well as huge uncertainity in the market because of trade war and interest rate cuts around the major economies. I have a huge demand area on the weekly and this is where buyers will come back into the market. the bullish momentum that price faced many months ago started here and so many more buy orders are waiting to be filled here. USDCHF BUY LIMIT @ 0.95913 SL: 40 pips TP: 1.01063 R:R Ratio of 1:10 This should be a very good trade setup Til we meet again all! Shalom ----------------------------------------------------------------------------------------------------------------
Long
by ricky1270
1