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How A Crazy Chart Can Make You Lose Thousands Of Dollars!"Crazy Chart" is the definition for putting so many indicators on your chart. it is one of the big reasons to have bad trades that will hit your stop loss easily. Who promotes those indicators says it helps you indicates the next move for the price, while the real truth about indicators that it follows the price only. Also It completely distracts you from seeing the perfect price action for entering and exiting any trades. The best advice for setting up your chart : "keep it as simple as possible" the more simple the chart the clearer vision you will have while chasing the price. Here is some rules you need to follow to be profitable: 1- use indicators for analyzing the history of the price. 2- don't depend on indicators to show you an entry for a trade. 3- use price action and candlestick formations to enter and exit any trade. 4- work with indicators that shows you the support and resistance area of the price. Lastly Know That ( there is no indicator that can predict the price next move ) if that indicator exists it will worth THOUSANDS of dollars and will not be available for free.
Education
by FX_Elite_Club
CADJPY - FREE BREAKDOWN Hello traders and welcome to this free analysis breakdown. In this video you will see me map the market and show possible trade areas on the CADJPY . Once this pair gives me a valid signal i will place the trade idea in to the Honest Financial Community. I hope you have found this video educational, if you like our content then please like and follow the channel. Please comment below for feedback and what you would like to see regarding education or an asset analysis breakdown. Trade Safe.
by HonestFXTA
AUDUSD - FULL ANALYSIS BREAKDOWN !!Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe
Long
by AlphaTrading-Group
DOW JONES Potential H&S at H4, Correction or Time for Reversal?E-mini Dow Jones Futures having a great rally since March 2020, and it was corrected in late November/October 2020. When people worried about the deep correction, Dow continue the rally until 33000. That was Amazing! Wasn't it ? So, here the idea i wanna share to you guys. I try to take a look at the H4 chart and Daily chart, but also trying to compare with a short of Weekly chart. In H4, we found the wall at 32600, and i already mention yesterday that it would be good area to Sell. And in fact today, we are also have 32680 as a resistance. And that's why it is down for now. But for how long or how much bearish inside this pattern? I divide this H4 chart as 2 potential pattern. 1st one is a small double bottom. Support area is 32300 - 32370's. Around those areas we probably see the potential rebound. But, unfortunately I only see the rebound as a temporary uptrend. This is probably will be blocked at its neckline. And guess what, the neckline is on the same level as yesterday..32673 - 3680's. So, when you see the rebound, and then it can not run more above the neckline, probably we will see the Double Bottom failed to cross the neckline. And switch to next figure, that is figure number 2. The 2nd potential pattern is Head & Shoulders. From this pattern I found that 32300 - 32370's is a neckline. So, if the Double Bottom already failed when the support areas broken, that also means the Head & Shoulders makin a good confirmation. So, it will followed with another pressure beyond 32300. In the Daily chart, we found this pattern is doing their pullback after the breakout in 10 March 2021. So, aside of we are having the potential downtrend from Head & Shoulders in H4 Chart, we are also having the potential Pullback only. It means, in Daily chart, we only have limited downtrend for Dow Jones. And, the last thing is Weekly outlook I also found that last week candlestick was closed with Doji Candle, and it is in a form of Shooting Star. I assume that this week candle will be bearish. But, if this week confirmed as bearish candle, that means the collaboration between the last 3 candles making a good formation of Evening Star. That means, next week will be also resume the downtrend. But, it still too far away to read what could be happen for next week. But at least we will have the downtrend enough for this week. Catch the video, you will know what I mean in this idea! Thank you All, Irpan Supiandi, ST (Research and Analyst Divison for PT Agrodana Futures, Indonesian Brokerage Firm Regulated under BAPPEBTI, KBI and ICDX
CBOT_MINI:YM1!Short
by irpansupiandi