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Commodities

Reading NEWS Daily would make you a BETTER Trader Overall!Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)! In most circumstances we can only see that some traders lets take for instance technical analysis traders, they only perform their trades based on analysis of the charts by using patterns and indicators!. While there may be few traders who combine Both fundamental and technical analysis to execute their trades, most of them do NOT prefer to do this method particularly as they believe "its take a lot of effort to combine these two techniques which would eventually result in executing less trades when compared to using single method!" Whereas the above statement holds true, it can also be fairly said that the combination of the three techniques (technical, fundamental and sentimental analysis) gives a trader more confidence and trust in his/her analysis!. Take for example myself, i used to execute around 2 trades daily when i was basing my analysis solely on technical perspective. These days i only execute around 5 trades a MONTH due to i combine all these 3 techniques which gives me more confidence and trust in executing my trades! I also noticed that since my trades are high probability setups, my win rate is way better when i was using on technical analysis alone. These days i hardly do DAY trading as i spend most of the time reading news and chart analysis to find high probability trades on higher time frames (DAILY, WEEKLY & RARELY 4HR). What i have come to realize in all these years is that SWING trading gives me more accurate results and high win percentage. I do NOT expect to double my account in a month's time, but i trade using risk management and just execute enough trades to make what i can without being stress and blowing up my account! So my advice to all you guys would be to try to combine both fundamental and technical analysis to execute your trades. Here is a big TIP for those that only use technical analysis to execute their trades: TRY TO SPEND 1-2 HOURS A DAY READING NEWS ON APPS SUCH AS INVESTING.COM (BOTH ANALYSIS AND NEWS SECTION), MYFXBOOK NEWS SECTION AND TRADER SENTIMENT SECTION, HAVE A LOOK AT SOMEONES ELSE IDEAS ON TRADINGVIEW.COM If you keep this a habit of reading news and analysis together whilst performing your own too, you will develop a GUT feeling technique that is unique and which will likely tell you where the market is headed prior to you even performing your technical analysis! Its a very special technique but it takes time and habit to develop. Here we see the main of GOLD (XAUUSD) pair i has a gut feeling would reverse and dip slightly because markets were in RISK ON mood. Now this pair is on its way to form HEAD AND SHOULDERS PAttern which is on the verge of breaking the neckline. Now the pattern is not yet complete because the technically the neckline has not broken, but i have a GUT feeling that it would break soon enough and target the ascending trendline beneath at 1260.000 level. its a very special technique and i hope some of you could combine them and use it to your greater advantage! Cheers
OANDA:XAUUSDEducation
by FX618Analysis
Gold - Let's wait for a better entry! #gold #wealth $NUGT $XAUU --Bearish Indicators-- Weekly STOCH Weekly RSI Weekly CMF --Bearish Indicators-- Daily McGinley --Bearish Indicators-- Weekly/Daily Coppock Curve CMF - Bearish --Bearish Indicators-- Ich - Broke through support, moving averages bearish Traders on TV were longing based strictly off Ich support.. Bollingers - Mixed Signals because 1300 will be a point of resistance due to it being the 20dSMA for the bollingers MACD - Bearish Good Luck trading gold guys, I say be patient and look for a better place to long. Still bullish on gold long term, think we can get a better buying to swing here though. #Notwillingtoshort
OANDA:XAUUSDEducation
by ZenMode
Evening Star Pattern TechniquesIn this example, you will see an evening star signal who’s third candlestick engulfs the first and second candlestick in the pattern. This is a high probability signal , although it usually does not make for a very good risk to reward scenario.Trading the Morning Star Candlestick Pattern, I mentioned that I prefer to wait for a pullback on signals that have an engulfing third candle. That’s exactly how I would have played the signal below. By waiting for a pullback in price to the 50% mark of the large, third candlestick in this pattern, you either create a more favorable risk to reward scenario, or you avoid the trade altogether. In our example,we would have stayed out of the trade using this technique.
NASDAQ:AAPLEducation
by Venusfx
Discipline management is one of the hardest things to master. Discipline management is one of the hardest things to master . At the same time, it is the most important element of successful trading. It is up to every trader to establish a pre-market routine and build strong trading habits. You should strive to attain discipline if you ever hope to achieve any level of trading success. Trading discipline is practised 100 percent of the time, in every trade, each and every day. If you want to trade the market,and you still find it difficult because your strategey doesn't work or you don't know what to do, iam here, and i can help you.i have a trading method that helped thousands of traders become profitable,it is easy, simple, and very profitable, and it will work certainly for you. if you are interested Just Send me A private Massege
NASDAQ:AAPLEducation
by Venusfx
GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon. If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion. Key Note Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
FX_IDC:XAUUSDEducation
by robdee4x
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range. Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside. The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete. Key Note During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
FX_IDC:XAUUSDEducation
by robdee4x
USOIL headed downWeekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence. H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall further. I would watch for the demand below that at around $55 to provide some support. It also aligns with the ascending channel's support. If that support cannot hold then, based on the height of the ascending channel, we should be looking at $49.70/$50 for the next likely support. That target is a mere $5 away from the weekly breakdown target.
TVC:USOILEducation
by Chris_Inks
Gold is in a bubble - only traces inflation due to 'Reflexivity'Do not follow the financial advice of dinosaur gold shills, who are mostly over the age of 65 years and have weakened IQs and memory retention. Please study George Soros' Theory of Reflexivity (inb4 "Soros is evil, Qanon blah blah blah"). Gold only traces inflation because people 'believe' it should trace inflation. Gold has little to no utility in manufacturing especially given the discovery of synthetic substitutes ionised from copper particles. Gold is a great luxury asset used in the production of Jewellery which the world has an over abundance of already, that can easily be recycled. Like all asset bubbles such as real estate, stocks, bonds, etc Gold is also in a bubble. Gold has no future in a digital economy. The world has experienced the greatest reduction in poverty since the abolishment of the gold standard. This is due to the velocity of money, where the faster the exchange of value is in any given economy the more growth said economy experiences. The world will never return to a 'gold standard' because the negotiation of trade and the rules of exchange can be much more efficiently coordinated and managed using computer networks and high tech communication systems. Gold is a barbarous relic, and has no inherent/intrinsic value since all words and perceptions of value are subjective and change rapidly over time. If value is subjective, and we live in a highly complicated matrix society that has vast computing resources at it's disposal then what purpose does gold actually have? Cryptocurrencies are in a bear market and due to the Theory of Reflexivity their value is underestimated by society at large. However their utility in terms of the velocity of money, where value can be exchanged in seconds, where consensus is regulated by a large distributed network, where security is guaranteed through various cryptographic algorithms such as SHA256, and where productive capacity is maintained by decentralised autonomous communities (which are virtually impossible to compete with) makes certain cryptocurrencies far greater investments than Gold and precious metals. Do some research on XRP and Ripple. Do no fall for the doomsday fear porn that drives the sales of precious metals. Look to countries such as Turkey, Venezuela, Argentina etc and realise that cryptocurrencies best facilitate trade during periods of economic downturn. Those countries aren't turning to gold to facilitate trade, especially since Gold is extremely difficult to maintain security over. Will gold always have a place in society? Yes, of course it will. Will gold ever shift the paradigm of civilisation as we know it? Hell no. I'm not saying you shouldn't maintain holdings of precious metals, but you should reduce your exposure to them, since cryptocurrencies will dramatically shift the perception of value that we currently place on gold going into the future.
FX:XAUUSDEducation
by zmassey
take a look at how a pin bar can indicate a possible downtrendIn the chart above, we have a bullish pin bar that formed on the USDJPY weekly chart. .This pin bar formed at a previous resistance level, which is now acting as support. This price action signal tells us that the market is likely to see higher ground in the weeks ahead. "BUT" instead of trading the weekly time frame, we can move to the daily chart and watch for bullish price action. If you want to learn a consistent traidng method, let me tell you that you are lucky because you come to the right place.i helped thousands of beginner traders become profitable.i have one of the most powerful trading method in history, it is simple, easy, and very profitable.if you are interested contact.
Education
by AleeJaffery
XAUUSD LONGAnalysis: -1hr structure continuation to the upside -70-79% rejection -MA Bounce/Reject -Long bullish hammer on MA -Previous Resistance becoming support -4 hr doji candle Emotions: -Woke up late and rushed -Wasn't even supposed to be able to look at charts this morning so grateful for that -Skimmed through analysis -Didn't read through my trading plan -Was not focused or in the zone -Was feeling a little hesitant with some opportunities because I did not want to enter too many trades.
FX:XAUUSDEducation
by EsotericTrader
Correlation Trading EUR/USD/ DAX/ OIL/ GOLDHey guys, after a time of inactivity I"m back. Today I show you how you can trade EUR/USD with the help of correlations. You can see in the chart positive correlations and negative correlations. Be careful the arrows on the chart are no trend direction. If for example Oil change its direction the trend direction is turned. But be careful with long term-trends and short- therm trend. Always be aware of your timeframe. (4h is short therm trading) Hope I could be informative for you guys
Education
by perc_growth_everyday
Gold - Bearish Divergence (Daily chart) Bearish divergence possibly indicates signs of weakness in the market trend and that a reversal may occur from uptrend to downtrend. It is formed when price forms a higher high and your chosen indicator forms a lower high. In the daily chart above we can see Gold against the U.S dollar sell off after bearish divergence formed with the MACD and RSI. Combined with news of a stronger U.S dollar, rise in the Dollar index, break of uptrend in Gold - both fundamentals and technical set up for a move lower.
FOREXCOM:XAUUSDEducation
by mmac8
GOLD !!! IMPORTANT TO READ BEFORE TRADE !!!!Hello, We forecasted the up move and down move so far that was awesome, What is next ?????????????????? First U have to know GOLD is more related to stock market than the dollar, its valued by the Dollar, priced by stock market!!! Remember this well. Stock has more revenue, but when crashing, people move to safe heaven GOLD, just has been good for 5000 years, We even have it in the Ancient Egyptian history, u can see it the Egyptian Museum, there is what is called THE GOLD ROOM, gold of all queens gathered in one room. Anyway, ... We forecast STOCK TO SHINE SO HIGH, consequently, Gold will slide lower. Why Stock will shine? USA CHINA TRADE DEAL must be done, so Mr. Trump can run another election, so stock will go higher, gold slide. How much further down will gold go? U have to watch 2 numbers, 1260 and 1235. If we drop to 1260, there is a good chance we bounce up, if not, a quick visit to 1235. So wait a bounce from 1260 or 1230 to buy, u can sell small time frames, but don't hold it, because we are looking for the buy now. Thanks Weekly Forex Forecast
OANDA:XAUUSDEducation
by SignalsView