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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
Our Elliott Wave 5th Wave Target Zone Hit on EURJPY Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<< This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th Wave trade on the 5 minute time frame for EURJPY. Watch the video tour of our Elliott Wave Indicator Suite >>>HERE<<<
Education
by xBratSoftwareSolutions
3
Entry Points for our 5th Wave Trades - EURUSD 30min ExamplePart of our Elliott Wave Indicator suite are our 6/4MA High and Lows which are designed to allow traders a sensible entry strategy for long and short 5th wave trades. In this example a great 5th wave trade was entered on EURUD on the 30 minute time frame using our Elliott Wave Indicator Suite for TradingView. The green arrow on the chart highlights the short entry through our Red 6/4 MA Low. As with 80% of our 5th wave trades, our 5th wave automated target zone was hit. You will also notice our Elliott wave oscillator pulled back on the 4th wave within our parameters along with crossover of false breakout stochastic. These are special tools, along with out probability pull back zones that allow use to measure the behaviour of the 4th wave. This is important to help identify High Probability 5th wave moves. Find out more bout our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Education
by xBratSoftwareSolutions