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The 2 Different Market Condition 💰💰💰💰 Balanced Market Occurs 1)Before any bigger economic events, news are expected (e.g RBI policy announcement, FED meeting ..etc) 2)Consolidation in the market after the uptrend or downtrend. 3)Low Participation from the Other timeframe players or Institutional players (Christmas & New Year holiday season) 4)Lack of liquidity(both buy side and sell side) in the market. The result of this price rotational process is the discovery of prices that are acceptable to both the buyers and the sellers. 💰 Imbalanced Market : It represents a trending market (uptrend or downtrend). Imbalanced market shows the conviction of other timeframe players. The auction is said to be one sided or directional where there are either more Buyers than Sellers or more Sellers than Buyers depending on the direction of price. Imbalance of buyers will drive the prices higher till the buyers exhausted and the sellers take control of the market. And the Imbalance of Sellers drives the market lower till the sellers get exhausted and the buyers take control of the market. 💰 Imbalanced Market Occurs When 1)Major economic event days (RBI rate decision day, Election Results Day, GDP Announcements…etc) 2)Major catastrophic events. 3)Opening Gap Up or Gap Down days due to major positive or negative news impact. 4)Strong Global Markets Sentiment.
BINANCE:BTCUSDEducation
by AnonimFXRO
Marubozu Candlestick Pattern 📉📉📉📉 What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. 📉 How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu 📉 What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time 📉 How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
BITFINEX:BTCUSDEducation
by AnonimFXRO
Three Black Crows Candlestick Pattern 📉📉📉Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. ✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal. ✅ Three Black Crows Explained Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend. ✅ Limitations of Using Three Black Crows If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement. Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow. Do you use this candlestick pattern ?
BITFINEX:BTCUSDEducation
by AnonimFXRO
Trading Psychology 📉📉📉✅ If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. ✅ In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. ✅ The mechanical stage of trading is specifically designed to build the kind of trading skills (trust, confidence, and thinking in probabilities The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing Creating a belief that "I am a consistent winner" is the primary objective 🎯 I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success an d, therefore, I never violate them. 🎯 The greater your confidence, the easier it will be to execute your trades To even start this process, you have to want consistency so much that you would be willing to give up all the other reasons, motivations, or agendas you have for trading that aren't consistent with the process of integrating the beliefs that create consistency. A clear, intense desire is an absolute prerequisite if you're going to make this process work for you. The object of this exercise is to convince yourself that trading is just a simple game of probabilities ✅✅✅
OANDA:XAUUSDEducation
by AnonimFXRO
Trading Aspects to Master 📉📉📉🎯 Analysing To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets. Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc 🎯 Risk Management To survive in this game you need a very strict risk management, you will pass hard times and your account will survive. Risk Management rules should include : Risk per trade Session Risk Daily Drawdown Limit Weekly Drawdown Limit Monthly Drawdown Limit You have to know your numbers, start small then grow. 🎯 Entries Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence. Was this information valuable ?
OANDA:XAUUSDEducation
by AnonimFXRO
Intra-Day Strategies 📉📉📉Today i will share with you types of intra-day strategies that can work in every market no matter if it's forex/stocks or crypto. 📊 Reversal Strategy Buy close to the support (demand area) and sell from the resistance (Supply area) for the reversal move 📊 Patterns Buy/Sell using different technical patterns such as Wedge,Triangle,DoubleTop Double Bottoms, Head&Shoulders 📊 Moving Averages Using MA to understand trends and cross-overs, basically you have to LONG when price is above EMA/MA and vice-versa 📊 Pullbacks When a new's event makes a big movement such as CPI,NFP, Unemployment but then a correction move happens 📊 Gap Up/Down Trading Gap's Up/Down basically they appear during fundamental release or fundamental context when the market is closed, it's basically a big discrepancy between buyers and sellers What is your intra-day strategy
OANDA:XAUUSDEducation
by AnonimFXRO
GBPUSD DAILY ANALYSIS, current movement caused caused by war First, let us cover some historical points in GBP/USD's near history. Chart says for itself, wide downtrend channel. The price is moving as it is because of Russian/Ukrainian tension. Because of the recent economic happenings, we don't see the area beneath us holding the price action (blue circle). Take profit areas would be at 1.31 and 1.3. As the current price movement is mainly because of war tensions, monitor the news. Stay safe! Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
EURUSD DAILY ANALYSIS, we expect this trendline to crackFirst, let us cover some historical points in EUR/USD's near history. We are in a nicely formed downtrend channel. The price action still has room until it hits the bottom trendline. Since the war is still at its peak, we expect this trendline to crack. EU sanctions on Russia will most certainly impact Europe's economy. At the moment euro is the most liquid short for everyone. Could we see a 1.0 scenario from 2002? For now, it looks bearish, but be careful around the support zone for a turnaround. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GBPCAD DAILY ANALYSIS, a nice downtrand is formingFirst, let us cover some historical points in GBP/CAD's near history. It seems we finally broke out from the consolidation zone. A nice downtrend is forming as the price action created a lower high on the 21st of February. Since then, the price started its journey to the bottom. It broke 38.2, 50, and 61.8% of Fibonacci retracement. We can even see a strong chart pattern, a double top with neckline broken. That shows down movement for us. We expect 1.66000 to be a strong pivot point. If confirmed, that would make it an excellent place to enter a long position. We recommend using the ATR indicator to find stop loss. As price moves in your direction, move your stop loss. That could be a great wave to catch. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GBPJPY DAILY ANALYSIS, the crucial support line lies around 149First, let us cover some historical points in GBP/JPY's near history. Looking at the bigger picture, we are in the clear consolidation zone. The crucial support line lies around 149. The pivotal resistance line would be near 158. We are currently in the downtrend, on our way to the support line as we hit resistance. We can even see a strong chart pattern, a double top with neckline broken. That shows down movement for us. Price will most likely hit the support line and yet again bounce from it. That would make a significant entry point for buyers (if confirmed). Regardless, price action can still break this support zone and start the downtrend. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GOLD DAILY ANALYSIS, $1950-$1970 is likely to be the new supportFirst, let us cover some historical points in gold's near past. Approximately near the 15th of February, we broke through the bearish upper trend line. Since then, bulls have managed to drive gold's price to the roofs. Specifically, the 24th of February was the highest point. That day we got an immediate answer as the price got rejected. 4th of March, we are in the same resistance area we were ten days earlier, only this time daily candle did close in the resistance area. With Russian-Ukrainian tension still building up and gold as one of the most valuable commodities at these times, we see this as an opportunity for yet even higher high. The next area of resistance would be around $2000. In that case, the chances are that this zone ($1950-$1970) is likely to be the new support zone. If the tension between Russia and Ukraine quiets down, then higher probabilities are that we will make a higher low. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
OANDA:XAUUSDLong
by SYMA_FOREX
📊 What is Market Seasonality ? 🎯 Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. 🎯 Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal. 📊 What is a Seasonality Forecast? In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality - like a vacation, weather, and holidays - ✅ You can use the Market Seasonality as an extra fundamental confluence for the price, we have 2 market seasonalities bullish and bearish. If a price has bullish seasonality it means the pariticular asset will tend to rise during that cycle and viceversa. Market Seasonality (MS) is a good tool to have in your arsenal but only if you are trading on a mid-long term perspective. You can't trade using the market seasonality on a scalping or a intra-day basis because it makes no sense. Was this a valuable information ?
Education
by AnonimFXRO
2
Survival Rules in TRADING 📉📉📉📉 Survival rules in trading for newbies, if you respect those rules i can make a bet you wound't lose your account as the majority of traders are. 📉 The key word there is IF YOU RESPECT ✅ 1. Always trade with a stop loss ✅ 2. Have a pre-determined risk on each trade no more then 1% ✅ 3. Don't move your stop loss if the price is not going in your favour ✅ 4. Don't add to losing positions, only viceversa. Add to your winning positions ✅ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning. Hope that was usefull for your trading plan.
Education
by AnonimFXRO
1
Forex Market ✅✅✅ ✅ KEY TAKEAWAYS The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons. Major players in this market tend to be financial institutions like commercial banks, central banks, money managers and hedge funds. Global corporations use forex markets to hedge currency risk from foreign transactions. Individuals (retail traders) are a very small relative portion of all forex volume, and mainly use the market to speculate and day trade. ✅ Who Trades Forex? The forex market not only has many players but many types of players. Here we go through some of the major types of institutions and traders in forex markets: 📊 Commercial & Investment Banks The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. Big banks account for a large percentage of total currency volume trades. Banks facilitate forex transactions for clients and conduct speculative trades from their own trading desks. When banks act as dealers for clients, the bid-ask spread represents the bank's profits. Speculative currency trades are executed to profit on currency fluctuations. Currencies can also provide diversification to a portfolio mix. 📊 Central Banks Central banks, which represent their nation's government, are extremely important players in the forex market. Open market operations and interest rate policies of central banks influence currency rates to a very large extent. A central bank is responsible for fixing the price of its native currency on forex. This is the exchange rate regime by which its currency will trade in the open market. Exchange rate regimes are divided into floating, fixed and pegged types. Any action taken by a central bank in the forex market is done to stabilize or increase the competitiveness of that nation's economy. Central banks (as well as speculators) may engage in currency interventions to make their currencies appreciate or depreciate. For example, a central bank may weaken its own currency by creating additional supply during periods of long deflationary trends, which is then used to purchase foreign currency. This effectively weakens the domestic currency, making exports more competitive in the global market. Central banks use these strategies to calm inflation. Their doing so also serves as a long-term indicator for forex traders. 📊 Investment Managers and Hedge Funds Portfolio managers, pooled funds and hedge funds make up the second-biggest collection of players in the forex market next to banks and central banks. Investment managers trade currencies for large accounts such as pension funds, foundations, and endowments. An investment manager with an international portfolio will have to purchase and sell currencies to trade foreign securities. Investment managers may also make speculative forex trades, while some hedge funds execute speculative currency trades as part of their investment strategies. 📊 Multinational Corporations Firms engaged in importing and exporting conduct forex transactions to pay for goods and services. Consider the example of a German solar panel producer that imports American components and sells its finished products in China. After the final sale is made, the Chinese yuan the producer received must be converted back to euros. The German firm must then exchange euros for dollars to purchase more American components. Companies trade forex to hedge the risk associated with foreign currency translations. The same German firm might purchase American dollars in the spot market, or enter into a currency swap agreement to obtain dollars in advance of purchasing components from the American company in order to reduce foreign currency exposure risk. Additionally, hedging against currency risk can add a level of safety to offshore investments. 📊 Individual Investors The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. Retail investors base currency trades on a combination of fundamentals (i.e., interest rate parity, inflation rates, and monetary policy expectations) and technical factors (i.e., support, resistance, technical indicators, price patterns). Was this information valuable ?
Education
by AnonimFXRO
Tips for Trading Currency Pairs ✅📉 Trading Currency Pairs I will try to explain in this post what you should look at when you are starting trading the Forex Market (Currency Market ) ✅ Choose Liquid Pairs Choose liquid pairs so you will have all your orders filled easily, dont trade pairs with low Liquidity as those can impact your trading results. EURUSD / GBPUSD / AUDUSD / NZDUSD etc and don't trage USDZAR / USDRON / USDBRL and other exotic pairs ✅ Analyze Fundamentals Fundamentals drive the markets especially in the Forex Market, take a look at the country's monetary policy are they hawkish or doveish on a certain currency, also take a look at inflation, nfp, unemploymenyt, gdp as those affect the market as well. ✅ Determening the Leverage My recommend leverage for newbies is something around 1-30 / 1-50 so you wound't over trade. ✅ Trading Strategy Always ensure you have a trading strategy when you will start to trade, look at those things such as market structure, key psychological levels, fiibonacci, moving averages to build a trading strategy. ✅ Choose your Trading Timeframe You have to know what trading style you are trading, is this scalping on the lower time frame or highertimeframe position trading. Ensure you have this noted in your trading plan
BINANCE:BTCUSDEducation
by AnonimFXRO
Plan Before Execute 📉📉📉✅ Plan Before Execute - It is very important when you stard trading financial markets to have a plan that you follow, no plan means you dont know what you are doing and where you are going. ✅ Have an entry strategy - it is very important to know your edge, your edgea means when you enter the trades based on what confluences. Couple confluences or entry strategies are trading with the market strucutre + key leveles + fibonaci retracement or moving averages to generate trading ideas ✅ Use Stop Losses to Protect Capital - The first goal of a trader should be capital protection not capital growth, always use the stop loss on each trade. Use Take Profit - You are making money when you are closing the position, its also very important when you are closing the trade. Always place your take profits in areas where price gives a reverse signal. For example you entered from a support area with a BUY you put your TAKE PROFIT near a resistance area where price could reverse What do you think ? Comment below..
BINANCE:BTCUSDEducation
by AnonimFXRO
Bearish Engulfing Pattern 📉📉📉Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. ✅ A bearish engulfing pattern is a hint that a market may have formed a top. Any engulfing pattern below the daily time frame should be ignored. These patterns should only be traded at swing highs. The engulfing candle must break key support to be considered “tradable ✅ Bullish engulfing patterns are a confirmation that more buyers want to join the uptrend. On the other side, a bearish engulfing pattern gives confirmation for more sellers joining the short side ✅ An engulfing pattern is a strong reversal signal. There are bullish and bearish engulfing patterns and they are composed of two candlesticks – one bullish and one bearish. ... It is no
Education
by AnonimFXRO
2
Power of Consistency 📉📉📉📉 Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your system only if you have more than 100 trades journaled so you know what works and what doesn't 🔰 Don't try to hit home runs aka BIG RETURNS OVERNIGHT it's a gambler short term thinking and their account have zero durability overtime 🔰 Focus on risk management and improve your edge over the market on a daily basis both technical and mental/emotional LONG TERM over SHORT TERM ✅
Education
by AnonimFXRO
2