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XAUUSD WYCKOFF DISTRIBUTION EXAMPLEHello traders, we would like to share some value knowledge, about structure based mostly on Wyckoff schematics. As an example u have marked up area identify by us as Wyckoff distribution schematic to help u get deeper understanding about markets and printed structure itself. Please, scroll left and right chart to see multiple examples of accumulation and distribution schematics. Hopefully this will help u get some breakthrough in your trading journey. God bless u all.
FOREXCOM:XAUUSDEducation
by Snipers-Academy
2
XRP vs Gold - The real moveWhat if I told you the dollar will be backed by XRP and XRP will be backed by BTC and BTC backed by gold? would you call me insane? Would you say I should walk away from this space now before I go too far down the rabbit hole? Well its just a conspiracy theory. And that is where it will sit but its kinda not too far-fetched of an idea when you see how this entire space is developing. I have a gut feeling that once the feds are done pumping money into the dollar as well as other currencies; printing will slow down dramatically beginning 2020. From here fiat currency will tank forever in a bearish market while digital assets and country by country stable coins begin to take over. These are called CBDC's. Central Bank Digital Currencies. Here is the link for anyone who has not done their research: 2018 publication www.imf.org It will be possible to still use fiat currency but it will be like going to the store and using a $2 dollar bill come 2045-50. It'll be rare to even need paper money in 10 years from now in America. Today, paper money is in my wallet for a short amount of time -- if ever at all. For years now I never use paper money unless I had to withdraw cash to give to someone, but even then, I have paypal and other systems I can use now that have no fees for me to transfer (such as Zelle on PNC which PNC is apart of the Trump executive order for a new global fintech system which also uses Ripple's network indirectly. Source : home.treasury.gov Well I think that we will get this kind of announcement in the next decade or towards the end of 2028. XRP will be a driving force like blood in the veins of this entire network supporting bitcoin with oxygen and value diversification at near instant speeds. It is what will pump economic value inside the bitcoin system and all connected protocols that survive the full regulatory rodeo show we have been in since Jan 2018. In a perfect digital asset / world here is what I would like to see form. 1. New assets for growth to swallow inflationary costs and over valued stocks / commodities / and other investment vehicles....this would put other markets into a corrective state while digital assets grow. 2. XRP would become the universal token for transferring money globally and not just for international payment transfers (that was just the beginning). It will become a "valuable" storage container to secure payments on, save money, make it fast, etc etc...and if the majority of money around the world is constantly pumped through the inter-ledger system it will constantly slowly grow in its value beyond $1 and it would become a perfect fit as a new $100 dollar digital asset liquidity coin/token whatever you wanna call it. I like to say investment vehicle because it acts just like that. 100 billion dollar supply is pennies compared to trillions of dollars. Anyone who thinks that supply matters here with this asset does not fully appreciate/understand the way XRP is destined to work. By design, theoretically, XRP can very well have a 10T dollar market cap and be worth $100 bucks or more if you want to believe that (id love that too), sit in 1st place, but be worth less than BTC forever. 3. XRP supports fiat money transfer but supports the basket of CBDC's that are being used as a vehicle as well for on-boarding and off-boarding value through multiple networks. 4. BTC becomes the official universal digital gold in support of gold usage since its a widely used conductor and in much of our technology it only makes sense to merge these two assets or make them co-exist as a foundation of support / LTC ends up backing or acting like silver and every invention you can think about with silver. 5. ETH begins to act like the S&P500 with hundreds of businesses supporting its value growth. 6. Other things as well but this post is becoming too long so im going to cut it here. Overall, I thought this was a neat idea to share. Alongside I am posting a historical pic in the comment below of Gold because XRP is looking quite similar in development. There is so much that can happen in the next 10 years I just can't fathom BTC, ETH, or XRP ever going away anytime soon. That being said....enjoy the waves of the market and be a proud individual to be able to live in a life where we can create opportunity out of thin air that can give us a prosperous financial portfolio. My goal is to obtain over 100,000 followers so we can all support each other on an invite only scale social network of knowledge, trade, and donation to leverage each other up. Something like this takes time and this is something I will reach and achieve by 2030. 100,000 people supporting each other over the next decade. Get at me, bring a battle buddy cuz we are going into new trade wars and id rather go into this next decade with an army of people beside me, not behind me, not in front of me.....beside me...taking on the next 10 years together for our families, friends, and ourselves. Because at the end of the day.....we deserve to life a happy life with less debt and more options for wealth and growth. Im sure there are many of you out there sick and tired of being tired down to credit cards, debt, always fighting for good income but being taxed like crazy, have little support or knowledge to grow on... well im here to tell you I am 1 of a few in this world ...a rare breed with enough knowledge to share that'll help many in this world. If there is one thing I hate growing up knowing...it was the fact my government's system failed my parents and failed me and it was failed on purpose because its a faulty designed system to begin with and has been well known by the banks and federal government since the YEAR OF MY BIRTH. I was born 2 months before the 1987 Stock market crash. What is known as Black Monday...the impact it had on my family took away our opportunity for our family to be fruitful. We started over in 1987 and had little to begin with even then... The picture is much bigger than just crypto currencies everyone...and I hope this post helps those who cannot see that ...begin to see.... Your network is your net-worth. Build it wisely...and always respect each other.... much love everyone ..as always stay safe out there. Manage your risk....and grow many avenues of investments in your life because there is time for you to do it now but you have to take action and stop telling yourself you will get to it. As my buddy told me yesterday...GET OUT OF YOUR HEAD AND ON YOUR FEET! Actions speak louder than words. Thoughts are just thoughts until they're written on paper and designed into a plan. We all know this but we all don't always live by it! Make goals. Plan them from A to Z. Live by them like your life depended on it and encourage those around you to help guide you and your plans of life success (not just financially but def included lol). Peace. Love. Trade.
Education
by AschraM
8
Even Gold Is Subject To Manipulation and ControlAll the hu ha hu ha of the Gold Bugs calling that Gold is a sound money and nothing can manipulate the Gold price. Gold is subject to supply and demand. The word manipulation has been abused by people so many times. They think that manipulation comes in the form that someone is trying to manipulate the price of an asset "SHORT TERM". Nope, short term manipulation can't work and will never be work. Manipulation that I have been referring to including in all my past ideas are "LONG TERM MANIPULATION". You need to understand that the dynamics of markets are moves by its participants. Therefore, the much easier way to manipulate a market is by doing that PSYCHOLOGICALLY. That's why bubbles ALWAYS exist, because it is the job of the manipulator to push the price of an asset BEYOND people BELIEFS and IMAGINATION in order to LURE THEM into it. If everyone is rational and behaves rationally, bubble WILL NOT EXIST. That's the reasons why there are so many dumb people and the number of people who understand financial literacy are awful. Because the system is designed in that way. It always about the Elite making money and RIPPING OFF the dumb people. So, the only way for you to win this battle is to THINK and BEHAVE like the Elite, NOT LIKE THE DUMB PEOPLE OR MONEY. You need to bring you conscious and awareness AWAY FROM MAINSTREAM and from the CONVENTIONAL WISDOM. Remember, the CROWD and MAJORITTY always wrong. That's who market works. Gold is an interesting case study. Its an example of how assets work and how capital flow works. Gold has never been going up forever. In fact, from 1980 to 2000, Gold SEVERELY underperformed the stock market. Even now, Gold started to go back up and start to fight back with stocks market. But can Gold outperform stocks? It depends, it depends on what the elites want to do. The tricky part here is that most retailers are NOT in stocks. So, the Elites can't simply drop and crash the market, because everyone has sold out. Its a tricky situation. And that's why I like to think in terms of whales and all these market manipulators, because they do exist and they do have strategic and comprehensive plan. As long as you keep thinking that you can beat the market, then you are doomed, You need to remove all the noises in your mind and start to think and behave like the elites/whales.
COMEX:GC1!Education
by UnknownUnicorn735418
2
Trading MindsetWELCOME TO WORLD OF TRADING Hi everyone, what I am about to talk right now is concerned with trading psychology. Everything that I am about to say right now is also a crucial aspect of my psychology and mindset that is fueling me to write this for you guys. Hence, we can deduce one thing from this. Psychology is the most important factor in deciding your future as trader. I will be honest upfront with you guys. So you’ve been introduced to the world of trading by your friend, family or anyone that doesn’t matter, so you’ve been told how the guy next door is making thousands of dollars with just few hours of work while you out there hustling yourself to exhaustion and making just about to survive your month doesn’t seen fair right? And exactly this guy has results to show for it to make you believe how if he can do it anyone can. Or you’ve seen couple of stories, Instagram post, Facebook post promising exponential gains in a few hours. With that said I want to address 2 main problems associated with trading which I believe are significantly important to understand before you step out there or if you’re already out there and struggling. 1) Holy grail in trading (a way or a method that will promise you returns on daily basis) Holy grail in trading what is it and does it exist? To answer this question, I want you to ask yourself a question first: why you are trading and what do u want to achieve from it Now that you’ve asked yourself that kindly note if the answer to these questions is (firstly: I want to accumulate wealth as soon as possible and drive a luxurious car next month. Secondly: I only want to find a way in trading that works 100% and gives me return on my investment daily) If these are you believes I am afraid to say you have work to do on yourself not on your system of approach of trading. Financial markets are a world of chaos there are millions of possibilities out there every day (imagine you just focus on 1 possibility consistently every day, where will that take you in the next coming years think about it) There are successful traders out there, trading and making living out it (the so-called narrative only 5% of people can make money in the markets) where’s the difference? The difference lies not on support was breached, trend line was broken or respected but on their mentality and mind set these people very well understand how market moves and work but be cautious they will never follow the market: no one in world has the intellect and memory to remember each and every tick movement of the market these people are focused on themselves and their performance in the market. They know exactly when to trade and when to stop trading. The approach of such people is not irregular but systematic and disciplined. To sum it up financial world is a world of chaos with billions of possibilities (FOCUS ON THE ONE THAT MAKES SENSE TO YOU AND COINCIDES WITH YOUR PERSONALITY AND ROUTINE) anyone can trade Weather your doctor or an engineer or just a high school student provided you are consistent, disciplined and motivated (YES UNDERSTANDING OF MARKET MOVEMENT IS VERY CRITICAL BUT YOU DON’T HAVE TO FOLLOW AND TRADE EVERY MOVE). 2) More importantly your Mind set (psychology) Now if you remember I asked you 2 question in the beginning 1st paragraph. If you focus on the fundamentals of that question, they are based on you and your way thinking (NOT ON YOUR METHOD OF TRADING LIKE I STRESSED EARLIER THERE ARE BILLIONS OF WAY OF MAKING MONEY IN THE MARKET STICK TO SOMETHING U BELIEVE IN ) I myself have been trading for almost 1 year am I a millionaire? No, I am not (and I say it proudly) I too was introduced in a conventional way just like many of you are. But trading (IS NOT A GET RICH QUICK SCHEME) (THIS NEEDS TO BE OUT THERE) but rather a skill set and unregulated chaotic state of mind that needs correction and discipline of execution which will I guarantee you results which brings me to my final and most important point YOU ARE THE MOST IMPORTANT PART OF YOUR TRADING JOURNEY Focus on yourself (yes u do need to understand the dynamics of market and its movement but alone with that I’m sorry to say you can’t achieve what u hope to achieve Let’s do some simple math’s in term of percentage shall we to give you an idea what I’m talking about Account size USD % return on investment USD ROI Account size X10 USD % return Usd ROI 1000 2 20 10,000 2 200 10000 2 200 100,000 2 2000 100000 2 2000 1,000,000 2 20,000 Don’t exhaust yourself trying to get rich fast as possible that won’t work at least not in the long run focus on getting solid return percentages first weekly, monthly, yearly consistently and get a job to build yourself step by step don’t rush the process and always believe in yourself give me a like if you agree
Education
by Danialhassan
1
OBSERVING CRUDE OIL IN A 1 MINUTE PERSPECTIVE (Visual Only)Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities. Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share. If you are a pattern trader, then you really ought to start analyzing market this way in my opinion. Highlight for this idea goes to @mikkel-j ... Now get pattern spotting guys. BELOW IS A TEST CHART IN 1 MIN TO FOLLOW AND SEE IF PATTERN PLAYS OUT.
FX:USOILEducation
by Dani0
Three Percent Trades: Educational PostThis is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move. We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move. If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money. Following this will help protect your hard earned capital and allow you to let your winners run.
TVC:GOLDEducation
by ThreePercentTrades
EW Analysis: OIL + EURUSD + BTCUSD In Positive Correlation?!Hello traders! Today we will talk about correlations in different markets! Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect what market is doing and considering Elliott Wave bullish setups, then we can expect a bullish continuation for the next few weeks soon! As you can see, Crude oil has clear five waves up and three waves of correction back to very important 50%-61,8% Fibonacci retracement, which means that it's already formed a bullish setup and it may easily continue higher in the upcoming sessions! EURUSD is still forming the final wave (c) of a correction that can retest 50%-61,8% Fibonacci retracement and 1.1000 support level at the beginning of the next week, from where we can expect to follow Crude oil within an uptrend! And looking at BTCUSD, just like EURUSD, it can be ready for a decline into wave (c) to a complete a three-wave corrective setback, where 50%-61,% Fibonacci retracement and 10000 level can be tested before an uptrend resumes together with Crude oil and EURUSD. That being said, there are no tick by tick correlations, but from our experience, they always somehow get caught in the end. However, there's nothing confirmed yet, but if Crude oil stays above wave (c), and if in the meantime EURUSD and BTCUSD bounced from projected support levels in an impulsive manner, then we can easily confirm a bullish continuation! Be humble and trade smart!! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
2
How to Become a Better Trader - Top Books for Reading!I got a request asking about interesting books which can teach how to trade properly. Now I would like to share with you my list- the best Authors and Books from my point of view. I read these books, and I should say they gave me priceless knowledge and experience. I saved a lot of time and became a better trader very quickly. The same I wish you! Don't forget that you always have a choice: - Make your own mistakes, do your own research, and study trading by yourself - Read books and get knowledge, experience from them. This way allows you to move much faster! Knowledge is one of the most part of profitable trading! Recommended Books and Authors: Jack D. Schwager “Getting Started in Technical Analysis” “Market Wizards, Updated: Interviews With Top Traders” “The New Market Wizards: Conversations with America’s Top Traders” “Stock Market Wizards: Interviews with America’s Top Stock Traders” Alexander Elder “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management” “Entries & Exits: Visits to 16 Trading Rooms” Curtis Faith “Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders” Steve Nison “Japanese Candlestick Charting Techniques, Second Edition” “Beyond Candlesticks: New Japanese Charting Techniques Revealed” Kathy Lien “Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves” “Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game” Brett N. Steenbarger “The Psychology of Trading: Tools and Techniques for Minding the Markets” “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist” P.S. I hope I won't be banned for this list. Also, if you read interesting books which are not in this list, please share them in comments.
BITFINEX:BTCUSDEducation
by DLavrov
26
GOLD: A lower buy opportunity that may arise on the long term.Gold has been on a very aggressive rise since it broke the 1,380 long term 1W Resistance. Recently it made contact with the Higher High trend line of its 1M Channel Up (RSI = 73.372, MACD = 46.760, Highs/Lows = 196.7521). Undoubtedly we have entered a new long term multi year Bull Cycle but that doesn't mean that the uptrend won't be without lows. Long term traders should look for pull backs to take advantage of as dip-buying opportunities. In order to identify those we looked into the early 1W candles of the past Bull Cycle in 2000. There are quite a few similarities of the 2000 Bull Cycle start with the current one. In the 2000s, the bear market bottom gave rise to a Golden Cross on 1W. That sustained the uptrend within the Channel Up until a new Higher High. Following that Higher High, Gold made a pull back to touch the 1W MA50 where it found support and on the next rise broke the Channel Up essentially starting the parabolic rise all the way to the 2011 All Time Highs. Similarly the former bear market has made its bottom in late 2015 and the Higher High that followed built up the 1M Channel Up. Following a Golden Cross, the market consolidated for 2 years (unlike the early 2000) and recently broke the 1,380 Resistance to make a Higher High. If the 2000 model is followed then we may be looking for a 1W MA50 test by the end of year - beginning of 2020, which should be an optimal long term buy opportunity for a break above the Channel Up at $1,700. Investing in Gold should be a priority for every fund, long term investor for at least the next 5 years. We will be updating our thesis on Gold with shorter term opportunities regularly. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDEducation
by InvestingScope
2
BEST COMMODITY INTRADAY TRADING STRATEGY Before we outline the best commodity intraday trading strategy, it’s important to understand that trading commodities are different from trading Forex or stocks. Every financial asset has its own set of unique characteristics. The commodity market has its own behavior, that’s why some strategies are more suitable than others to generate profits from commodity trading. We’re going to reveal some of the most well-kept commodity trading secrets only known by successful commodity traders. Let’s now see what commodity trading strategy you can use to buy and sell products in the commodity market. Here is the link to "Best Commodity Intraday Trading Strategy" pdf. tradingstrategyguides.com
TVC:USOILEducation
by Tradingstrategyguides
BITCOIN VS GOLDI am seeing divergence in GOLD and BTC. BTC seller pressure and GOLD buying...people are "unsure" in the economy as to what is happening, they don't even want to think about elections, brexit stuff is still happening, JPY yen is getting stronger and BTC has corrected almost 50% this year..Asia holds most of BTC so as it climbs so does Yen alongside trade wars with the US. Lots of movement happening. Trump fuds dollar "too strong" as though it weakens and we keep pushing upward to try to make a new high before the value actually falls here later on....Play it safe everyone ^_^ Yellow Line is Gold...I like seeing when both gold and btc line up and move together...I will expect GOLD to fall and BTC to rise after 2021 opposite of each other for awhile. I want to see both move in the same direction again here in a few months probably closer to Christmas time. Gold chart is high..dont buy high lol...just know it has been rising as BTC has been correcting. That is all this idea is for observing. Thanks everyone!
BITSTAMP:BTCUSDEducation
by AschraM
2
Bearish flag analysis on XAUUSD (gold)From the chart, there has been an increase in gold in a close-knit candlestick pattern, with it increasing value. This has caused a bearish flag to arise. This is recognised due to: 1. quick increase to reach the basis of the flag. 2. once it was reached began forming an upwards flag shape with close-knit candlestick high/ low closes. 3. once the flag lines (orange) got closer together, there is an expected bear break out due to it being a rising flag. 4. This is also backed due to the reduced volume once the flag is reaching a close. 5. as it can be seen, the break out downwards should see the price of gold to begin to slowly fall. However, this is not the case lately due to today's actions by the Dow in response to Trump's tweets about China. Nonetheless, if such didn't occur this should see the XAUUSD to fall lower to reach 2nd support, leading to either consolidation or a bounce off support to bring the price of gold back up. If this did not occur gold prices will be in a downtrend. Due to Trumps recent tweets and fears of a recession due to the inverted bond yields, this may see gold prices to continue to rise upwards breaching resistance and being able to surge past $1580. This is an example of a bearish flag and can be used to analysis all other shares, crypto's and commodities, if probable analysis is completed.
FX:XAUUSDEducation
by brendan_ellich
Mirror levels, How it can save you years and thounthends of USD.Today I want to share with 1 one type of key levels and also explain why it's so profitable for you to use it. This knowledge will save you years in trading and thousands of dollars. For a start lat`s discuss some fundamental rules in trading: 1. We trade probabilities. It means it's impossible to say with 100% accuracy current signal will close with profit or not but it's possible to say that if we open 100 entries we will close 50% ... 60% or 70% entries in profit. 2. You don't need to hunt for 100% accuracy. That's one of the most common mistakes of freshers because if you will learn what is Risk / Reward you will understand how really you can make money in trading. You can be profitable even if you have 30% — 40% of profit deals if you take enough risk/reward. Example of risk-reward. Just imagine that you have a risk per 1 position $100 and you always set potential profit (Risk/Reward (R/R)) 1 to 4 (in 4 times bigger) $400. If you will get 3 losses and 1 positive entry you still will be in profit. Calculations: -$100 -$100 -$100 + $400 = +$100. It is only 25% accuracy. 3. You always need to use the same risk per 1 position only in that case your mathematical expectancy will work. I will write more about it in the future posts if this idea will get more than 100 like. When we trade key levels we get: - Accurate entries. - Low predictable risk. - Potential profit is in many times bigger than a risk. Mirror level is: Support become Resistant or Resistance become Support . How you can find a mirror level? Drow key level and wait when the price will break it. Below I will show you how I do it. Key levels better to build on: - Trend change points - Many daily candles bounced from one level. It will be the most powerful levels which accumulate a lot of volumes. Examples: EUR/USD: Gold: SP 500: OIL : BTC/USD: You can see that this system works on all markets. P.S. It is only a first part about mirror levels. I will write more about: how it`s better to find levels on a chart, meanig of it and how big players accumulate volume using such type of key points if this post will reach 100 like. P.P.S. Write in comments about what questions you have about Mirror levels.
Education
by Yuriy_Bishko
21
How to open accurate entries with key support resistance levelsIn this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk. I recommend to use Historical levels or Breakpoint of the trend: - Most of the retail traders set stop Losses below or above such key levels. - Stop Losses of retail traders is a Fuel for Big Players. - You Have low and predictable risk if you open entry after the false breakout of a key level. How to find such levels on a chart? - Price bounced from it and started a new trend. - An instrument made deep pullback from that point. What can make entry more accurate? Price sharply came to such level. Moved 2 or 3 Average daily move. UK OIL Example. 01 Aug 2019 oil rate drop-down 400 pips. It's more than 2,5 average daily move. after a false breakout price bounced up 300 pips. Risk in that entry was 30 pips. Potential profit in 10 times bigger. Examples: 1. US 2000 Index Price bounced from the breaking point 1454,6. 2. UK 100 Index 3. Dax 4. EUR/GBP 5. US OIL www.tradingview.com If u trade such level u can take in 5...10... bigger than you risk. P.S. Write your thoughts about this strategy. P.P.S. After 100 like I will write another educational post about my trading strategy and how you can use it.
TVC:GOLDEducation
by Yuriy_Bishko
56