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EU : Shadow support and potential level to watchHello fellas, Here it is the short term view of current movement of EURUSD and today's potential movement for EURUSD . Today, we can expect the price to test this 2 regions which are the yellow support trend line and the blue region as a shadown support which have the confluence with the previous yellow line. Yellow line is simply the support trend line that has held the price since November 29th, 2019 and breaking down of this yellow line will lead the price to further fall around the white support trend line as the S1. Look at my long term bias on my previous analysis in related idea
Education
by julio24albert
EU levels to watch this weekHere it is I present to all of you about the EU chart and potential levels to be tested in this week. I want to give several highlighted things in this chart. First, Looking at the green resistance trend line, this is the resistance trend line which has driven the price since september 2018. This is however become the massive trend line and on daily chart, this resistance trend line is having an alignment with the 200 MA. So, currently the price has now showing the rejection toward this resistance trend line and this action is just showing us that the price still respect current resistance area. Second, Looking at the price actually has formed the higher low structure and looks like the higher high structure will be formed in the near future. This is a pretty good pattern combination for now. After the price breaks out of the green zone, we'll see a rally toward the upside and long position for swing could be activated. This weeks we will see a little retracement toward the 1st support zone or maximum to the 2nd support zone. But, my main bias is still testing the green resistance trend line.
Education
by julio24albert
ATR MONEY MANAGEMENT FOR GBPAUD & EURUSD 4H & 1DUsing a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves in a day. GBPAUD 1D ATR moves 133 pips GBPAUD 4H ATR moves 47 pips EURUSD 1D ATR moves 42 pips EURUSD 4H ATR moves 15,6 pips This helps me determine a more accurate setting for my SL and TP for the pair I am trading and the time frame I am using.
Education
by Tradingstrategyguides
EURUSD 1D AWESOME OSCILLATOR (AO) STRATEGYLong Trade AO below Zero Line AO creates a Low AO then creates a Higher Low ENTER after AO bar closes Green Short Trade AO above Zero Line AO creates High AO then creates a Lower High ENTER after AO bar closes Red Stop Loss is 1.5 x ATR Take Profit is 1 x ATR 1 - Trade Management 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st trade TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price.
Education
by Tradingstrategyguides
EURNZD– Sellers are working on potencial sell because...EURNZD– Sellers are working on potencial sell because... Trend: Strong Sell Support/Resistance R3: 1.73495 R2: 1.72749 R1: 1.72124 S1: 1.71437 S2: 1.70602 S3: 1.69815 S4: 1.68599 Price action Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade. Potencial trade idea Bulls targets: T1: 1.72749 T2: 1.73495 Bears targets: T1: 1.70602 T2: 1.69815 T3: 1.68599 NOTE – We are trading EURNZD via the preferred trading setups ELITEFXACADEMY Disclamer1 : We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
USDCAD – Price might break channel and then...USDCAD – Price might break channel and then follow up move higher Trend: Strong Buy Support/Resistance: R3: 1.33922 R2: 1.33454 R1: 1.32800 S1: 1.32721 S2: 1.32339 Price action: Buyers rebonded from the channel, but still we don't know if sellers will react, so we need first answer from sellers. If buyers are able to break channel and hold above then we have to face off with R2 to follow official target at 1.33922 resistance level. If buyers cannot hold, then we can see rest from buyers, which is dependent from sell bounce. Potencial trade idea: Bulls targets: T1: 1.33454 T2: 1.33922 Bears targets: T1: 1.32339 NOTE – We are trading USDCAD via the preferred trading setups ELITEFXACADEMY Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
CADJPY – Sellers will soon show good position for sell if...CADJPY – Sellers will soon show good position for sell if the price will maintain below new resistance Trend: Strong Sell Support/Resistance: R3: 81.200 R2: 81.838 R1: 81.634 S1: 81.402 S2: 80.840 S3: 80.252 S4: 79.817 Price action: Market start showing potencial reverse flow, from buy to sell. We have to be carefull from now to the London section, but if their we see potencial entry, which might be very soon, then next targets are optimistically short targets. If sell is failed, then we might see holding around this area. Remember that news will be reliesed at 2.30 GMT +1 Potencial trade idea: Bulls targets: T1: 81.200 Bears targets: T1: 80.840 T1: 80.252 T1: 79.817 NOTE – We are trading CADJPY via the preferred trading setups ELITEFXACADEMY Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
GBPCAD – Buyers are going in trending way, but do you thing theyGBPCAD – Buyers are going in trending way, but do you thing they can break even Trend: Buy/ Neutral Support/Resistance: R2: 1.73254 R1: 1.70913 S1: 1.69200 S2: 1.67288 Price action: Buyers are headed to break R1 level, but suspitious to me is buyer's laziness. In next days we still has to be carefull on candle charatheristics. If Sellers might face off buyers first, then next target for them will be at S1 level. If they break S1 level, then they could go deeper to our last buyers failing move. Potencial trade idea: Bulls targets: T1 = 1.73254 Bears targets: T1 = 1.69200 T1 = 1.67288 NOTE – We are trading GBPCAD via the preferred trading setups ELITEFXACADEMY Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
AUDCHF – Previous week was crazy, from both price action and newAUDCHF – Previous week was crazy, from both price action and news announcement Trend: Buy Neutral Support/Resistance: R3: 0.68363 R2: 0.67923 R1: 0.67621 S1: 0.67227 S2: 0.66872 Price action: Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers can handle above R1 then next potencial Sell is at R2 to test again R1. This trade is a very tricky, but good for education. Potencial trade idea: Bulls targets: T1 = 0.67227 T2 = 0.66872 Bears targets: T1 = 0.67923 T1 = 0.68363 NOTE – We are trading AUDCHF via the preferred trading setups ELITEFXACADEMY Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
AUDCAD – Buyers trending might be proven to highs these daysAUDCAD – Buyers trending might be proven to highs these days Trend: Strong Buy Support/Resistance: R3: 0.91447 R2: 0.91023 R1: 0.90719 S1: 0.90522 S2: 0.90224 S3: 0.89947 Price action: This case is showing very strong momentum versus lazy sellers. From last week price action was high to 0.912 level, where is going following price if it the price can break and hold above level 0.90719. Follow targets too. Potencial trade idea: Bulls targets: T1: 0.91023 T2: 0.91447 Bears targets: T1: 0.90224 NOTE – We are trading AUDCAD via the preferred trading setups Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. ELITEFXACADEMY
Education
by EliteFxAcademy
AUDCAD – Buyers trending caught between daily channelAUDCAD – Buyers trending caught between daily channel Trend: Strong Buy Support/Resistance: R3: 1.09128 R2: 1.08901 R1: 1.08635 S1: 1.08206 S2: 1.07998 S3: 1.07798 Price action: Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level. Potencial trade idea: Bulls targets: T1: 1.08635 T2: 1.08901 T3: 1.09128 Bears targets: T1: 1.07998 T2: 1.07798 NOTE – We are trading AUDNZD via the preferred trading setups  ELITEFXACADEMY
Education
by EliteFxAcademy
CHFJPY – Jpy currency is showing weakness from previous days andCHFJPY – Jpy currency is showing weakness from previous days and the trade might be continued by swiss currency. Trend: Strong Buy Support/Resistance: R3: 111.497 R2: 110.800 R1: 110.169 S1: 109.779 S2: 109.384 Price action: Buyers might continue move higer if buyers break resistance level at 110.169. If we hold above this level then price might see targets such as 110.800 level and higher at 111.497 level. If buyers would dismissed momentum then sellers target is at buyers support at 109.384. Potencial trade idea: Bulls targets: T1: 110.800 T2: 111.497 Bears targets: T2: 109.384 NOTE – We are trading CHFJPY via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
GBPJPY – Following Gbp trending is still showing performance to GBPJPY – Following Gbp trending is still showing performance to buy this pair Trend: Strong Buy Support/Resistance: R3: 145.741 R2: 143.270 R1: 140.699 S1: 137.820 Price action: Price hold above trending flow, which will first test Higher High levels and then we'll see if Yen currency will deny again. Buyers are enough confidant to continue trending flow in buy way, but still depending on sellers answer retracement. Potencial trade idea: Bulls targets: T1 = 140.699 T2 = 143.270 T3 = 145.741 NOTE – We are trading GBPJPY via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
CADJPY – Sellers trending continuationTrend: Strong buy Support/Resistance: R2: 83.867 R2: 83.548 R1: 83.125 S1: 82.785 Price action: Buyers rebounce hard after sellers retraced from supportical level at 82.785. Sellers might be quite for a while, till buyers complitally get tired. Next buyers targets will show us strenght and decision how sellers will react after. Potencial trade idea: Bulls targets: T1: 83.548 T2: 83.867 NOTE – We are trading CADJPY via the preferred trading setups by EliteFxAcademy
Education
by MP4
Sellers trending continuationTrend : Strong Sell Support/Resistance: R2: 1.31866 R1: 1.31332 S1: 1.30866 S2: 1.30400 S3: 1.29758 Price action: Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us. Potencial trade idea: Bears targets: T1: 1.30400 T2: 1.29758 NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
Education
by MP4
1
EURNZD WYCKOFF SCHEMATICS EXAMPLEHello traders, we would like to share some value knowledge, about structure based mostly on Wyckoff schematics. As an example u have marked up few areas identify by us on multiple TF to help u deeper understanding about markets and printed structure itself. Please, scroll up chart to see multiple examples of accumulation and distribution schematics. Hopefully this will help u get some breakthrough in your trading journey. God bless u all.
Education
by Snipers-Academy
How to Trade: Manual Trading Vs Auto TradingSome time ago, I made the poll asking the audience from the social media the following question: "What type of trading do you prefer?" The options were: - Manual Trading - Auto Trading - Both Types To make everything clear, let me describe each type: Manual Trading - it is any trading when you open, manage, and close trades by yourself. You can trade using signals from your trading strategies, or you can use trading signals from other traders. What is very important for such type of trading? You need time, knowledge, and experience to do this job properly. Auto Trading - it is trading where you use trading robots or any copy trading services. You also get signals, but they come from other sources. The main difference from manual trading is - you don’t need to open, manage, and close trades by yourself. Everything works automatically. The vote results surprised me, and I decided to comment them and recommend the right type of trading based for different conditions. I will share with you the results of that poll in the updates, but before it, I offer you to take part in voting too. Please, pick the best option for you from the list. Write about your selection, why you prefer Manual, Auto or both types of trading. So, let's start! We have to think about the right choice of trading type from different points of view. We have to take into consideration your status, knowledge, and experience level, and what do you want to get from trading. STATUS If you have a full-time job, probably you won't be able to spend much time on trading. What should you do in such a situation? You can use high timeframes like 6H, the daily, and the weekly for searching trading opportunities, opening, managing, and closing trades. When you have a full-time job, you can trade based on your trading ideas or use trading recommendations from other traders and experts. For such type of trading, you need to have enough money, because high timeframes need wide stop-loss sizes. As a result, solid capital will be good for such type of trading, and it will allow staying in the borders of the proper risk and money management. If it is your case, manual trading can be a good choice for you! But what if you don't have solid capital? If so, you should trade on lower timeframes to get small risk per trade. You should use hourly and minutes charts for searching trading opportunities, opening, managing, and closing trades. But, you have a full-time job and... you have a conflict between your wishes and your opportunities. If you don't have time for trading based on lower timeframes, you should not even try. It will lead you to skipped trades and unpredictable results. But what to do in such case? Automative trading is the best choice. You can use trading robots or copy signals from signal providers. All trades will be opened, managed, and closed automatically on your account. So, using this service like auto trading will allow you to trade in the right timeframes without skipping signals. But what is more important, it will allow you to follow the proper risk management. KNOWLEDGE Let's look at trading from another point of view. You have knowledge about how to trade properly in the financial markets. If so, you also can try to use manual trading for making profit. Of course, if your status and financial situation allow you to do it. If you have the knowledge, but you don't have time or solid capital - in such way also welcome to auto trading. If we talk about you, like a novice trader without knowledge at all, you should forget about manual trading at least in the beginning. If you start trading, even if your status and financial situation allow you to do manual trading, without knowledge, you will have amazing chances to lose all your money. Trading without knowledge leads to zero on your trading account. It is just the question of time. If you want to protect your money, auto trading must be your choice. Here we also talk about different types of auto trading like trading robots and copy trading services. EXPERIENCE This point of view is close to the previous one. Knowledge and experience are the key elements of any profitable trading. If you want to be successful in the financial markets, you must have knowledge, experience, time, and enough money for manual trading. If you don't have at least one of these elements, it will be better to focus on auto trading. YOUR GOALS IN TRADING And here, let's look at the possible trading type based on your goals. If you want to become a PRO trader and develop yourself in this field, of course, you need to focus on manual trading. This type of trading will provide you good experience and understanding what is real trading. You can trade manually but not from the beginning. For starting, auto trading will be better. It will allow you to avoid stupid mistakes, protect money, and get experience. But when you get the basic knowledge and add experience from auto trading - you can switch to manual trading. If your goal is to get an additional income only, auto trading is the simple and proper way. You don't need to spend time on trading, but you can get profit from trading. Sounds great! Don't you think so? You can use trading robots as a possible option, but copy trading should become your best choice. For using robots, you need at least minimum knowledge of how to set up trading robots, how to install robots and settings. Copy trading will need from your side several clicks on buttons and nothing more. Copy trading is the simplest solution for trading in the financial markets for everyone. In this post, I tried to explain to you what type of trading will be more suitable for you. As you can see, you need to take into consideration at least several important things. The right choice will help you to make a stable profit and feel comfortable. At the same time, picking the wrong option will lead you to blow up your money. And one more thing I would like to add. Manual and auto trading have their advantages and disadvantages. They are not perfect, but they are both workable if you know how to use these types of trading properly. Manual trading can be more interesting because it allows following market conditions closer, of course, if you know how to do it. But auto trading allows you to cover many markets and timeframes at the same time. It means we have better diversification and lower risks. Auto trading allows you to trade in a FREE emotional way. It is a very solid argument for auto trading, because emotions, especially for novice traders, are the reasons for making mistakes. Mistakes in trading lead to blowing up capital. Also, I would like to advise you to use both types of trading. This option allows you to optimize your trading based on your opportunities and goals. Just combine in your trading portfolio manual trading based on signals from your trading strategies, with trading robots and signal providers. You will have an amazing opportunity to diversify your trading and reach much more stable results in the long run. At the same time, you will have opportunities to grow as a trader getting knowledge and experience from real trading. This combination is powerful and with many advantages! I hope this post gave you some ideas about what to do and how to trade. If you have questions, please, leave them in comments. Let's discuss! 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BITFINEX:BTCUSDEducation
by DLavrov
9