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Forex-gold

EURUSD-07/03/2023Preferred direction: BUY Comment: The previous scenarios for the Euro worked out well, and buyers are apparently ready to further develop growth. For this, it is necessary, firstly, that the price closes above the level of 1.09000. The return of the price above the balance median 1.08485 - 1.09623 will generate growth for market buyers and, of course, do not forget about sellers who will be "hostages" of this formation. For a total, we can expect an upward impulse to the level of 1.09623. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
8
The Dangers of Giving Up Too Soon on a Trading Strategy There are hundreds of different strategies to trade. Some of them are losing ones, some provide modest results and some strategies are very profitable. Novice traders often struggle to find the right strategy that suits their personality, financial goals and risk appetite. Unfortunately, they also tend to make some common mistakes that can undermine their performance and confidence. ❌ One of the biggest mistakes that they make in their search is that they give a strategy a very short trial period. It simply means that they are trying to assess the validity of the strategy, trading that for a very short time span (usually a day to a week). Please, realize the fact that the performance of the strategy can be measured only with extended backtesting - meaning that the strategy should be tested on multiple financial instruments and for a long period of time and applying multiple evaluation metrics. Moreover, if the strategy proves its efficiency on backtesting, it should be traded on a demo account at least 2 months before the valid performance can be calculated. ❌ Another common mistake is that many traders drop the strategy once it starts losing. And by losing, I mean just 2–3 trades in a row. Newbies are searching for the approach that never loses. They may even abandon a trading strategy once they catch JUST ONE bad trade. ✅ In contrast, a smart trader realizes that one bad trade does not define the performance of the strategy. Moreover, such a trader calmly faces the losing streaks and sticks to the strategy. Take a look at that picture. On the top, we have the traits of a newbie trader and his equity curve. He abandons the strategy after he faces the loss, not giving the strategy a chance to recover. When he changes the strategy, he starts recovering a little bit and a losing period follows. He drops a strategy again, and he keeps following this vicious cycle till his entire account is blown. On the bottom of the picture, we see the equity curve of a smart trader. Even though he faces losses occasionally, his strategy always gives him a chance to recover and with time his trading account steadily grows. Please, realize the fact that a perfect strategy does not exist. You will lose the money occasionally anyway. What distinguishes a smart trader from a dumb one is his discipline and trust to his trading system and willingness to face losses. ❤️Please, support this video with like and comment!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
9
XAUUSD Bullish Triangle H1XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and the positive weekly prospects for the euro. I recall the data on the dollar this week. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
OANDA:XAUUSDLong
by Forex48_TradingAcademy
GOLD is expected to go bullish - 400 PIPS opportunityGold has a strong sell last Friday and close with a bearish engulfing candle signalling a strong sell for coming week. Also on H4 the last candle closes with a long wick almost 30% of the entire candle which signals a pull back before a bearish move. In my view Gold is expected to test the 2033.00 area again before moving any lower . There are two trade ideas listed below. 1 - Sell at market open around 2004.41 with a profit target of 1997.00 and SL: 2008.50 - 70 PIPS opportunity 2 - Buy again around 1996.00, TP1: 2023.00 , TP2: 2033, SL : 1988.00 - 370 PIPS opportunity Total 440 PIPS opportunity , use proper money management This idea is for educational purpose only .
FOREXCOM:XAUUSDLong
by tuahawaqar
Btc Analysis and Trade Idea💸 #BTC (BITCOIN)💸 📊 4H 🟢Bullish Breaker Block: 27500$-28000$ 🟢Bullish Order Block: 24500$ 🟡Equilibrium Zone: 22000$ 🔴Premium Level: 32000$-36000$ ▪️Trend: EMA Direction Up+EMA Pulling Down +Price Crossed Under HMA ▪️Momentum: MACD Histogram Pivot Up+Stoch Crossed Signal Up ▪️Volatility: Increasing ▪️POC: 20000$-24000$ ➖➖➖➖➖➖➖➖ 📊Powered By Smart Money Concept+Volume profile 🆚Risk/Reward Ratio:10 ➖➖➖➖➖➖➖➖ 👤 Analysis By Hyperion_Trader 📅 04.10.2023 📫Get Free Access to Premium «Analysis + Trading Signals»
Long
by Trader_Needs
XAUUSD We expect XAUUSD to correct towards 1840 in the coming week(s) Expecting short-term USD strength, correction on XAU and other cross currencies is likely. Currently, we are in a triangular pattern of congestion in a smaller and smaller area. The market seems to be acquiring liquidity for the next move, which we expect to be to the downside, as volume on the recent highs was higher than usual if it would be an upside continuation therefore we expect MMs to push the market down for further liquidity grab. Don't hesitate to reach out let's discuss! If you have any questions please don't be shy!
OANDA:XAUUSD
by FastFx_Ltd