Optimistic prediction - Bitcoin 38000$ in September New ATH 2019I feel it's a bit too optimistic but this could be the move guyz. it is 30% possible i say. wait... yes my crystal ball also confirms it.
Financialfreedom
Parabolic trend continuation confirmed. Target 9,600$ - 10,000$Hey guys,
I hope everyone is having a good weekend, as I shared with you my opinion last week, Bitcoin parabolic trend ket in place and is heading for 9.6K to 10K. I hope you didn't short the market, especially leverage trading, If you did, learn from it and do not to predict the market especially when the market is neutral and trying to make decision. It is so sad to sometimes hear stories about people who trade in these situations especially on large amounts and leverage trading, like a trader in china who recently committed suicide.
The Sow and the LionessThe fable details how a sow brags about how many children she has and then asks the lioness if she only had one child.
The lioness replies "One, but a lion."
USDCAD 4Hrs Trade IdeaLooking forward once the market reaches support level be patient, taking advantage as market is currently in a range
SC out of the long falling wedge!Sia was forming the falling wedge for 110 days! Currently is SC out of the pattern. Price Action re-tested broken trendline and strong support and it´s ready on interesting pump.
BUY NOW: 71 sats.
STOP: 65 sats.
Targets are on the chart.
Good luck to everybody.
GBPUSD - 1a - 190203 - SHORT - OANDA - AT - 4H - (RRR 3.66)GBPUSD - 1a - 190203 - SHORT - OANDA - AT - 4H - (RRR 3.66)
AUDUSD 4h Long Price retraced to our 78.6 retracement and formed a new higher low on Daily time frame
we're looking for price to hold at support and form new higher highs back toards 0.8050-0.8100 area
WHY TRADERS LOSE IN FINANCIAL MARKETSWhy Traders Lose In The Financial Market.
Three Important Things To Know Before Trading
You may be one of the traders out there, Who has lost plenty of dollars in the financial markets. So in today’s lesson we are going to check the most common trading mistakes a trader does when he starts trading.
Knowledge:
So the first important accept in losing in the financial markets is because of the lack of “knowledge”. What happens in the trading world is people start trading without even knowing what the market actually does. How does it move or where does it move. Most of them who lost in the financial markets are those have heard a friend or a colleague who would have said that making money is easy in the financial markets. That’s because they would have come across some kind of advertisements where it propagates that you can make hundreds and thousands of dollars in the financial markets just by clicking a simple button of Buy/Sell.
Risk Management:
Second important thing in losing the market is because of lack of Risk managements. Now most of the traders doesn’t follow a risk to reward ration while they are trading. I’ll tell you why people don’t keep stop loss. The important reason behind it is when they started trading the markets, they would have taken a trade and it would have hit a target, while they are very happy about the profits they made.
Now comes the dark side of the markets. Next time when they start to trade the trades goes against them and now they don’t know what to do because they never had an idea about it. So once they start losing they keep on holding it, At some point when the market pulls back and they have a break even trade and comes out. But this pressure they went through will be there deep down so now they think to themselves keeping a proper stop loss would help me reduce the risk of losing the whole account.
Next trade they use a stop loss. Now what happens is the market comes down and hits their stop loss and boom it pulls back to the target zone. Now they start to curse the market and would say i shouldn’t have kept the stop loss or else it would been in profits. Finally the next trade they take without a stop loss the market moves against them and finally waiting it will reverse at some point the market goes further negative and wipes their account.
This is what happens to most of the traders out there who doesn’t follow a proper stop loss. They start losing their whole investment in few days or weeks.
Lack of Strategy:
Now there is a very common phrase which I ask to all my students at the beginning of a class ” Have you even thought why did you take this trade”. The most common answer which I hear back is to make money. Just took a trade because the market was very high or very low.
So one of the misconception among the traders is when they see the market rally high in the charts, they start to get an idea that now it’s going to go for a sell. Alternate scenario when the market goes very low they start to think the market will now start to rally up. Even you who is reading this article can be one of them. I’l explain you why after you thought the market is very low still it’s going down, that’s because you never had a proper strategy or knowledge to know whether this price which you assume is high is even the highest point or not. So in order to know what first of all build up a strong strategy where you could be so sure that this is the markets highest point or the lowest points. Do some testing of the market and back test your strategy before you take a trade.
Conclusion:
Try checking out all this mistakes which you have done so far and try to change your mind set. Yes! mind set is one of the most important thing that you need while trading the financial markets. Without a proper discipline and mindset you can’t be consistent in your profits. To learn more about the trading psychology and other trading materials.
GBPUSD SHORTTarget set at Weekly support of 1.2250. MA Crossover on 4HR and multiple rejections of Monthly resistance at 1.2500 is a clear signal to short.
BITCOIN breakout in the Daily chart!$BITCOIN breakout in the Daily chart! First target 1:4 Risk/Reward Ratio.
Conservative breakout is above 3920 CNY, after breaking symmetrical triangle.
CADJPY Short#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down trend followed by the short term down trend means that the probability of downside movement increases!
This pair has also gone through a small phase of trending sideways (ranging market). Now this pair is approaching key levels as it has broken the support zone and has broken out of trending sideways. The daily candle being an 'up day' shows that price has had a chance to pull back, giving traders a great chance to get in the downside movement. A break of 79.2 is the target.
