Forex-gold
simple analysisHello trader,
_ as you can see that the analysis is simple, but it contains the most important things, which are support and resistance, and here you will see the most important thing, which is the fracture towards the bottom, and we have the percentage of selling 70%
_ In the end, this analysis is a simple part of my strategy. Any question, welcome, and do not skimp on me with your support
Weekly Momentum On Major Pairs (Week 36/2022)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Very Bearish
XXX/JPY: Neutral
Stock Indexes: Very Bearish
BitCoin: Neutral
GOLD UPDATEGOLD is looking nice here for a potential intraday long - if you first look on the right at the LTF we can identify how price on the London open took out the floor taking out buyers stops and inducing sells into the market, however price has bounced firmly off the next 4H support zone i believe this move lower today was a trap to engineer liquidity above so the market can make a relief correction. We can also identify the descending trendline on the LTF in which there will be a huge amount of sellers Stops above. Monitoring the LTF for potential entry confirmations AFTER the 4H close.
XAUUSD 30M, Bullish Divergence To 1786XAUUSD 30 Minutes Chart formed Bullish Divergence pattern.
If Bullish Divergence is confirmed then Potential Rebound Retest 1786.
Break Above 1786 then Open The Way To Retest 1807.81.
Break Above 1807.81 then Open The Way To 1828.41.
But
Break Below 1752, Would Cancel Bullish Divergence and Open The Way To Retest 1736.
Break Below 1736 then Open The Way To 1721.70.
GOLD UPDATE GOLD has recently rejected the psychological weekly supply 1800 and made a bearish impulse which broke multiple levels of structure, after an impulse we expect the market to make a retracement and potentially form a new LH formation, we will be monitoring PA on the LTF for long entries from our zone of confluence to capitalise on the retracement move.
Gold XAU/USD (Cautiously Bullish Still)View On Gold XAU/USD (08 Aug 2022)
Gold is no where to the peak of 2022 but it is struggling to bring back a good fight.
I reckon $1,680~$1,730 is a pretty dirt cheap level and we will not see those level anytime again.
Rather, it is on the make some gain toward $1,800 or even $1,830 region.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
What is LEVERAGE in Forex💰
❗️Leverage is a brokerage service that is a loan in the form of cash or securities provided to a trader to secure a transaction. The loan amount may exceed the amount of the trader's deposit by 10, 20, 100 or more times. By analogy with the law of physics, leverage works as a lever, enabling a trader to make deals that he would not be able to with his own funds alone. The maximum leverage on the exchange does not depend on the trader's desire and the broker's capabilities. It is calculated based on the risks established by the clearing center for each asset. For example, if the risk amount for any stock is set at 10%, a trader will be able to trade it with a leverage of 1 to 10. If the risk value is 30%, then it is impossible to get a leverage greater than 1 to 3.
Making transactions on the exchange using leverage is called margin trading. It is the conclusion of purchase and sale transactions using borrowed funds issued against the security of a certain amount, which is called margin. In other words, in order to use the leverage service, you must have a minimum amount on the deposit (set by the broker), which will be the collateral.
The amount of leverage in trading is the ratio of the amount of the trader's own funds to the amount of the transaction (1:100, 1:1000). For example, if this indicator is 1:500, it means that the broker provides a loan amount 499 times higher than the investor's deposit. At the same time, one part of the investor's funds and 499 borrowed funds are used in the transaction.
The word "credit" scares many away, but in fact there is nothing terrible in this concept. Leverage can indeed be called a loan in the usual sense of the word, but the interest on the use of borrowed assets is significantly less than the usual bank. When transferring the positions of the transaction to the next day, a commission is withdrawn from the account in the amount of the difference in the interest rates on the loan and the deposit - the so-called swap, which can be considered an analogue of the fee for using leverage.
The loss on the transaction is deducted from the trader's own funds, if as a result their volume becomes less than the permissible minimum margin value, the broker will send a notification that the money is running out and the bidder needs to either replenish the account or close the position. Such an alert is called a Margin Call. If no action is taken, the transaction will be closed automatically (Stop out).
✅How to trade with leverage
Leverage is a financial instrument that, with a competent approach, allows you to make large transactions and get a good profit even on small deposits. In order to use this tool correctly, follow the simple recommendations:
Focus on your own deposit. Calculate the risks based on the available amount.
It is better to use a small amount of borrowed funds, which will not allow you to lose all the money at once.
With any leverage size, never trade for the entire deposit. Ideally, one operation should account for 1-2% of the deposit amount.
Be sure to set Stop loss levels, this will help reduce risks.
⚠️IMPORTANT! Stop loss is an order that fixes the financial result when the price of the selected instrument reaches a certain level. The Stop loss parameter can be set before opening a position or after. But there is one important point: in a sale transaction, the specified level should be no less than the current price on the market, and in a purchase transaction - no more.
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📈GOLD 26/07/2022: $1715 support❗️📈 Priority direction: Up .
📝 Description: The metal is starting to show signs of recovery, the $1715 level works well as support. Thus, longs will be in priority, if there are still some sales, then it is better not to set targets below $1715.
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Types of Orders & Their Features📚
⚠️One of the first things that novice traders should learn is how to use different types of orders. The exact number of orders available to you often depends on which broker you are going to use.
Learning how to use different types of orders correctly is part of comprehensive trading training.
❗️The most popular types of forex orders:
✅Market orders
A market order is probably the simplest and most common type of order. It is usually executed immediately by the broker if it has not arrived in too large a size or has been placed in fast-moving markets.
As the name implies, market orders include buying or selling a currency pair at the current market rate. Market orders can be used by a trader for long or short positions. They can also be used to close current positions by buying or selling.
One of the main advantages of market orders is that they are almost always executed. The disadvantage of using market orders is that you can get an unexpectedly unfavorable price if the market moves quickly against your position.
✅Limit orders
Whenever a trader wants to specify a lower or higher price at which an order should be executed, this type of order is called a limit order. Limit orders can be used to stop losses, as well as to fix profits.
The name of this type of order arises from the fact that the trader demanded that transactions concluded on his behalf be limited to transactions executed at the specified exchange rate or better.
In practice, however, limit orders are usually executed at the specified price, although a broker may offer a better order execution rate to impress a particularly good client.
Some traders like to use a certain type of limit order, which is called a Fill or Kill or FOK order. The first type of FOK order tells the broker to either fully execute the order at a certain price, or cancel it. The second type of FOK order instructs the broker to immediately execute all orders at the specified price, and then cancel all others. This last type of Fill or Kill order is most often used when trading large amounts.
✅Take Profit orders
The take profit order is one of the most common types of limit orders. As the name suggests, it is usually used by a trader who wants to liquidate an existing position with a profit. Therefore, the price level indicated in the take profit order should be better than the prevailing market rate.
If the trader's initial position is short, the take profit order will include the redemption of this short position at a price lower than the prevailing one in the market. Conversely, if they held a long position in accordance with the take profit order, it would be liquidated if the market moved up.
Traders may sometimes indicate that their take profit orders are of the "All or Nothing" or AON type. This means that the order must be either fully executed or not executed at all. AONs are used to prevent partial execution of orders, which may be considered undesirable.
Alternatively, traders can choose to partially fill in a smaller amount than the entire amount of the take profit order. This can be useful if the broker trying to execute the order can only execute part of the order at the exchange rate specified in the order.
✅Stop loss orders
A stop loss order is another very common type of order, usually used to liquidate an existing position. Such orders are usually executed as market orders as soon as the stop loss level is triggered when trading currency at this level.
In fact, when the market has gone against an existing position to a point and the exchange rate has reached the specified stop loss level, the stop loss order is executed and causes the trader to incur a loss.
However, a stop loss order limits the trader's further losses if the price continues to move in the same unfavorable direction. This makes stop loss orders an important part of risk management strategies for many traders.
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CHFJPY SELL SWING TERADEHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
1. Daily Share Analysis Chart
2. Technical Knowledge
3. Fundamental Knowledge
4. Trading Signal
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CHFJPY sell limit @ 142.65
TP : 139.75
TP : 135.90
SL : 143.87
Want to succeed in Forex?
Use proper Money Management