Freedom
NAS100 BUY/SELL ENTRIES AND EXITS! How I trade -
Buy at support or WAIT once thee buy entry has been broke . If support breaks more than 15 pips than ride that SELL ENTRY to TPs (Take Profit) 1-3. Trail stop 15-20 pips behind each TP. Same thing at resistance, sell or WAIT and sell once thee SELL ENTRY has broke. but if broken by 15 pips then enter the buy and ride to TPS 1-3. Each TP is a different level of support and resistance so be wary of reverses during each bull and bear run! FOLLOW if you enjoyed!
BASICS OF SAVING & INVESTMENT | RULES YOU SHOULD NEVER BREAK
Debt and living on credit is a universal norm.
While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments .
You must remember that debt makes you dependent , it makes you submissive to the system.
To become truly free and wealthy, here are the simple rules that will change your life if you follow them:
1 - Spend less than you make
2 - Do not save what is left after spending, but spend what is left after saving
3 - Invest the rest in the industries that you understand
4 - Never borrow to invest
5 - Stop trying to get rich quick
6 - Never let your emotions intervene
7 - Patience pays
The rules by themselves are very easy and straightforward, however, most of us are not disciplined enough to follow.
Learn them, try them, practice them and one day you will become free!
❤️Please, support my work with like and lovely comment!❤️
It truly helps!
Thank you!
Will it hit our resistance zone?Quick update on GU. I still have an alert here at 1.3451 and didn't hit my target yet. If we will not reach my main resistance zone and the price will brake our main support region 1.3290 then the price will meet new support area at 1.3100. So for now just stay patient and wait for the signal.
A Trader's ThanksgivingThanksgiving is a distinctly American holiday, where our nation takes pause to reflect on all the things we have to be thankful for due to the actions of a courageous band of dedicated men and women who crossed a dangerous ocean to an unknown continent for the simple hope... of freedom. As traders, I am glad that we all, regardless of our national origin, our political bent, our religious affiliation, (or most importantly, a preference of Star Wars over Star Trek), we indeed have so much to be thankful for.
In my early days of trading classes a common statement from my classmates to our instructors was "I wish I started trading 20 years ago like you did!" And inexorably the instructor would say, "No you don't... *today* it's so much better to learn how to trade... The entry level is so low... you don't have to go to an exchange every day... you have immediate access to a global market with a simple app download or a click of a browser," and the list went on...
As a trader, I am thankful that we can make money regardless of economic ups and downs, that every day can be a "green day" in our account even when the S&P, Crude Oil, or whatever it was that had a red-candle day because we have the ability to go short as well as long!
As a trader, I am thankful that we have access to a world of free information like BarChart or CMEGroup that can tell us things like what is the current contract, when are economic reports coming out, and technical analysis.
As a trader, I'm thankful to all the free tools available, like the free version of TradingView, Google Docs and Spreadsheets, YouTube, and so on.
As a trader, I'm thankful for the overall giving nature of our community, that traders generally and genuinely like helping fellow traders. Unlike Corporate America where it is dog-eat dog, or owning a business in a niche market where there is great competition to attract a limited number of customers, the opportunity for all traders are for all intents and purposes, *infinite*, and we all share in the collective success of the entire group!
As a trader, I'm thankful that I have no one to ask permission to take time for a family emergency, a medical emergency, a vacation, or anything that would normally interrupt or cripple a business owner's income or an employee's job security, and when I'm ready to get back to trading, the market will be right there waiting for me.
As a trader, I'm thankful that we have access to markets nearly 24x7 so we can work as much or as little as we like or need, and opportunity isn't governed by asking someone for the privilege to work for *them*.
Dear Reader, fellow Trader, what are YOU thankful for? Share your thoughts with our awesome community below!
Happy Thanksgiving, wherever you are!
-Anthony
Hindsight is 20/20, but first, choose a pill.I kept this simple. Real simple. We're at a crucial point, basically.
So, does "the future" happen this week? I've been looking forward to this.
Btw, I'm trying to live my wildest dreams, which might be dependent on that 'Like' button getting hit a whole lot. Also, I am not Satoshi.
Thank you.
EURJPY Bulls Running well, Update on Previous PostEURJPY Bullish Overview. t.me/BigBellyShark
My previous post showed the weekly chart of EJ and how the zones highlighted will be good zones to look for buys on this pair. EJ approached the zones shown on the previous charts and we got the reaction we were looking for. 119.400 Key Support zone which we saw a huge impulse of buyers step into the market.
$$$ on Hour 4 Price Broke Previous LTF market structure, resulting in a series of HHs and HLs
$$$ Price previously broke HTF market structure and is forming a new Higher Low.
Looking at bullish targets it is key to understand that with our targets we need to be aware that there are more zones set above the zones we can see on hourly/H4 which price can easily reach over the next quarter.
What to look for next on EURJPY
We need a break above 122.150, once this occurs we will go down to a lower time frame and identify LTF entries. with Target Profits set at 124.400. (200+ Pips)
BIG UPDATES COMING TO OUR NEW TELEGRAM GROUP.
Big Belly Shark Trading.
t.me/BigBellyShark type this in google to gain access to our New Channel.
Free Telegram Group With Top-Down Analysis on our favourite forex pairs.
A new class of currencyMajor currencies and exotic currencies are the current classes of currency. However, big brokers could easily declare some currencies to be a class above the others in terms of spread. Spread helps all traders from the little £500 traders all the way to the big traders spread can determine whether a market is reasonable to enter. If you were not already in the EURZAR market before the spread hit 40+ pips, there is no benefit to gain, the risk to reward is almost never worth it with currency pairs being so hard to predict past a foreseeable future. Companies like Amazon and Tesla have a product base that their value relies on, for currencies, it's a whole complicated web of connections as you all know.
My point is, that Currency pairs like USD, EUR, GBP, possibly others like CHF, can be relied on to not fall below a certain resistance line. If you asked even an amateur trader, trading a day, to draw a support line on a D/Hr graph, he could do it easily, there are very few points where it dips below a fairly low support line, It's almost the first thing they teach you for trend analysis. Fundamentals are important in any competitive arena and you cannot start to assign a trend before you identify the lowest that people are willing to sell or buy at so how can trend analysis traders be competitive if a leg cannot be identified to stand on? When you can rely on a stock, at least short term gradual gains or losses can be identified and trend analysis can be done, if this wasn't the case, scalping would be the dominate style of trading it is only that in day trading, where people are willing to risk small amounts of money, Trend analysis is where the big bets are made and security is either gained or lost.
This comes back to the Tesla and Amazon, as they have products that will remain useful for the coming foreseeable future in everyone lives and companies like this are becoming more powerful by the day, but classifying companies should come after classifying countries, you cannot identify with a company but people identify with a nation, its patriotic and in human nature, psychologically, we like to form and be part of groups. Which is also what everyone should constantly be wary of any time they put an idea into the trading universe. With forums and social media's increasing in popularity our sense of connectedness is increasing everyday and this shouldn't be forgotten for trading either, countries like America have companies that need a place to do their business, so countries can be considered almost landlords of these big companies, as any good business landlord, their tenants should be given fair and open business opportunity within a regulated and fair market, and for a home landlord, their citizens should be treated with respect as humans. For a currency to be considered a class above it would produce a global support line, that further support lines can be drawn from, thus a flourishing and confident market where businesses and people can live the lives they want to, and another human nature which is the need for a sense of freedom, just like any animal, we don't like being caged, and we don't want an economy that can do this everyone hates the bears that put in an order that can manipulate all the other orders.
For economic analysis to move in the right direction and avoid as much speculation and manipulation (which should be the core of ideas to avoid the speculation of lay persons and manipulations of large players). With trading become more and more accessible, Voices will become more trusted and followed and we want this to be the right people who have the prosperity of everyone as the main goal rather than their personal balance. Countries should be considered more safe than companies, companies can and will charge people for things, countries are supposed to have their peoples best interests at heart. If a player in the Forex game became so affluent that they could manipulate the market on a day to day level could they control the global rhetoric? This is scary to me which is why I spend the time to write this post.
These currencies, therefore, can be considered stable enough to be classed as the class above major currency (i can't think of a catch name, what is above major? haha). The reason this would help is that it could provide stabilization across the entire world once anyone from ISA account holders to Fund managers can be relatively safe in the knowledge that a currency won't crash other currencies can use them as a support line to increase their own value. Value is given based off what it is compared to that's the basis of all trading and having a fair and unified currency is good for humans which is what spurred the interest of bitcoin. One of the reasons bitcoin crashed a while ago is that people were scared that it was a hollow shell, and that what they were going crazy over actually had nothing in hard assets, but the hard asset is the connectedness, but how crazy is that? Our sense of connectedness is currently being valued and for my country it is 1 Pound sterling equals 0.00014 Bitcoin. Everyone wants a currency they can rely on how can you feed your children and house them and give them a good future if the money in your pocket might suddenly collapse. Let companies collapse and allow countries, and their currencies, to be supported by the very connectedness that drove you to finish reading my post. I like my home to be safe, and im sure everyone in the world would agree with me.
I could write about this for a while longer and if there is any interest, i'm very willing to debate the idea.
Thank you for reading
David Cummins
University of Hull
d.cummins@2016.hull.ac.uk