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EUR/USD 61.8% FIB retracement. EUR/USD - the last post Didn't do so well, Stop was hit however the EUR/USD is now resting on the FIB 61.8% There is a huge potential for the pair to rally up towards 1.1000 + beyond.. Self-Control Assessment: A self-control assessment is something that you are required to carry out before each analytical decision and trade execution that you make. Your success and longevity within the market will be determined by your ability to keep a centred and clear mind before executing a trade. More often than not, when a trader does make a mistake, they will be aware of this error and they will also understand that the aftermath of suffering was indeed self-inflicted. These mistakes include: High Volume Size Moving Stop losses Entering far too many trades at once You and only you are only in control of your actions within the market. Along your trading journey you will certainly meet your inner demons, despite this it is a great journey of self-development and discipline. This enticement may lead you into entering each setup that displays itself to you, however this must be fought with good discipline. In a business such as forex, only those individuals who exercise self-control shall be rewarded with positive and consistent trading results over a period of time. In order to achieve this it is crucial that you are aware of the various scenarios you may be presented with, as well as recognising when it is appropriate to enter a trade and when you should take a seat on the back bench. In actual fact around 60% of the time, the market may not even provide you with a solid, high probability trade setup. Professional mentoring, higher timeframe analysis and the art of ‘trend trading’ is the utmost logical and stress free method in taking advantage of the market momentum. Once you are proficient in reading and analysing price action you will be skilled in recognising the indecisive stages lasting for days, weeks or even months, which are the periods when you should take a break and divert your attention to other currency pairs. Sit back and be honest with yourself. Are you truly ready? Is your trading system tested and full proof? Have you banked a consistent amount of pips over a considerable period of time, or are you diving in the deep end in the hopes that you will survive? If it is the latter then you are not ready my friend, abort mission! In the realm of forex a demo trading account is an excellent starting point before you begin to trade your hard earned cash right away. These accounts are accessible to any individual via an online brokerage platform, which are usually delivered through a free downloadable software known as ‘Metatrader 4’. If you cast your mind back to Kindergarten you will remember that for your analysis you should make use of a professional analysis platform that is separate from Metatrader. You should only the broker platform to execute your trades, as brokers can manipulate the market behind the scenes! A demo account is suitable for newbie traders as it provides you with the ample opportunity to harness your trading skills and market confidence, all the whilst familiarising yourself with the methods of trade execution. This opportunity should not be taken for granted, as it offers essential practice in bringing together your price action techniques. To begin with you will want to ask yourself the following questions: Have I treated my demo as I would by own money? Am I aware of the strategies that enhance my performance the most? Am I ready to risk my own capital? Have I traded a demo account long enough? If yes, have I focused on the pips and percentage wins and losses?
Long
by EzraCapital
2
GBP/USD 1.4750 - Downside Target ProjectionGBPUSD CATCHUP! Hope Everybody had a great Xmas... Quite surprised with certain market movement especially sterling. Around a week ago my most recent GBP/USD analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750 As long as the price remains below major RES/ former Supp: 1.5000 then there are no specifics to take a long entry. 100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2. Happy trading
Short
by EzraCapital
1
XAU/USD (GOLD) INSIGHT AND TECHNICAL STANDPOINT (WEEKLY)XAU/USD- GOLD UPDATE (weekly chart)... EVERYTHINGFx have been bearish on gold for 6-7 months or so and anybody can go to the AstroFx YOUTUBE channel in order to view our historical technical analysis presented throughout the #TechnicalTuesdays Volumes. With the Global economic situation in mind... Ideally, investors will want to see another leg down on gold to buy in (physical+digital) before the price of the precious metal rises alongside Spot Silver.... As we approach closer to global economic collapse it makes sense to be mindful of logical correlations....one being between precious metals and fake fiat money. Even with a strong bullish monthly close (Jan 2015) Macroeconomics need to be taken into consideration but most importantly the BIGGER PICTURE of the world... With Most major countries battling to lower the value of their currency due to the expensive economical expense of inflation which keeps getting palmed off... the credit system as we know it is destined to fall.. HOWEVER if you are smart and not a victim of social brainwashing/conditioning then you can easily profit from it! So many 'material rich' traders and investors (historically) have made most of their net worth through similar time of collapse! Remember: Wealth can only be transferred...never destroyed...similar to energy.. With this being said, its time to wake up and get with the times. There is a much bigger picture playing out on the planet and holding that knowledge can benefit your future. GOLD and silver prices are expected to take out all time highs. same with the oil price. The system was set up to dumb you down and for you to fail and be a slave. however that can always change as you are infinite in nature....There is a lot more to come from EVERYTHINGFX... Don't miss out..
FX:XAUUSDShort
by EzraCapital
3
GBP/USD H4 Technical Update After a successful A,B,C,D Daily playout on the pair it is now time to re-evaluate the sterling situation. 1.5350 Was acheived along with 1.5000! The fine work of Technicals, historical data and Fibonacci came together once again to give us high accuracy confluences in order to take profit. Currently awaiting the 3rd TL bounce around 1.5100 in order to take this pair short again with 1.4868 TP 1 1.4750 TP 2 1.4675 TP 3.... A weekly/monthly close below 1.4800 may ear the GBP/USD even lower to 1.4500! keeping a close eye on this one as a lucrative opportunity may be around the corner..
Short
by EzraCapital
1
EUR/USD Buying opportunityAfter 6 Months of a complete bearish bias on EUR/USD all the way down to 1.1600, we present to you our first short term buying opportunity! 1.1500 Strong support level is holding strong and we are long up to 1.1750! Will be watching DAILY price action around the 1.1750- 1.1800 mark in order for us to determine wether or not the pair is ready to go sort again for our overall downside target of 1.1250 - 1.1000 Stay tuned for the EverythingFx website release the start of february with our board of verified traders.
Long
by EzraCapital
3
EUR/USD TARGET ACHIEVED 1.2040!Very glad to say my euro target has been achieved (1.2040) as you may have noticed, I changed my profile name to EverythingFx as i am nearly done with my new trading venture which will be released around the 20th january 2014! I still own AstroFxc LTD. with my business partner but have been invited to be a major analyst on this new website with a few others! Stay tuned there will be a lot of quality analysis on the way and I hope you enjoyed my trade setups an market viewpoints so far! great start to 2015...
by EzraCapital
8