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200+ PIPs 1.29500 is a key strong level that has been respected as both support and resistance before as marked on the chart by my purple arrows, price has hit this level and bounced numerous times making it a very strong level. Now as this level is 200 pips away i am selling down to this area where i will look at taking BUY trades, So bears should push price down to this level before bulls step back in. If you would like any help trading just send me a message :) Lots Of Love Laura x
Short
by FreeSignalsUK
8
Change your mindset - Dont Trade Forex.... Invest in Currencies I had been looking to do a market breakdown this weekend but to be honest, all the opportunities in the market have already been shared in my previous ideas posted. So instead I am going to share a topic I have spoken to a lot of my followers about recently. The mindset of trading, or should I say investing... because that is really how you need to see it if you want to be able to trade consistently with confidence and conviction in your ideas. Lots of people, especially newcomers to trading and FOREX simply see a chart and make a decision if the line is going up or down. A guess, a gamble. Even though I know we ave all done this at some stage, its not a strategy that will mean you are still successful in 5, 10. 20 years. If you want to make money in this industry you need to have the mindset that you will still be doing this in 5, 10, 20 years. Once you start doing that it gives you a calmness to think though each trade like an investment. So, before we get into this - I will explain the difference between a trade and an investment. - A trade is something you are typically taking a position on leverage and for the short term, a few minutes / hours / days. Typically you are only looking at one only that chart and have a clearly defined exit if the trade goes into loss. - An investment is something you decide to take a position in based on the underlying facts/fundamentals of what you are buying, the price is secondary. You consider more than just that one chart you are placing the position on and are willing to hold it indefinitely whether its in drawdown or not because you know the underlying fundamentals are right for you investment to come good in time. So once you see the difference, which mindset and process is likely to play out successfully in 5, 10, 20 years time? Which mindset is likely to give you less stress while in positions? Which mindset will give you confidence and conviction in your positions? All of this confidence and conviction in your positions is based in knowledge - In this industry, knowledge truly is power! So when I say dont trade forex .... invest in currencies its because the mindset of trading forex is based in looking for quick wins, get rich quick stories and rented Lamborghinis. Whereas investing in currencies is based on the mindset to still be doing the same thing in many years time. Its the difference between aiming to be rich or to be wealthy. The process of trading forex is looking at EURUSD and wanting to go short because of a chart pattern or something you have seen in the chart. The process of investing in currencies is to be looking at the Dollar and seeing strength across a number of different charts involving the dollar such as DXY, USDJPY, GBPUSD. And then also having a separate opinion of weakness in the Euro by doing the same thing and considering the Euro across a number of different charts. - Once you have identified both strength in the Dollar and weakness in the Euro you are able to confidently invest in shorting EURUSD. At this point you have conviction in your position. Please let me know your thoughts in the comments and for more posts like this follow me.
Education
by JoelWarby
12
BT became a BUYGood opportunity to buy BT shares at this level - Be aware that the long term chart for BT is bearish so this becomes a risky buy... but I can promise you these are the best prices to buy the stock. If you have any shares already invested in BT then this is a great opportunity to add to your position and benefit from a better average cost. Arrow for directional purposes only. - Contact fro more advice regarding TP & SL. Be clear this is an investment NOT a trade. Know the difference. Happy Monday!
LSE:BT.ALong
by JoelWarby
3
GBP/NZD: +680 pips Profit Investing Trade Been Running 3 Weekswatch and learn how to enter an investing trade and invest on the long term This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Long
by FX_Elite_Club
2
The Big Short. (Skip this trade at your own risk)So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19. To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know exist) to give some insight into our thesis for the next big stock market crash. In the first chart (DBPK) we are looking at an ETF for shorting the stock market, this is showing us where people are not only withdrawing their money away from the stock market and into a cash position, but they are actively putting money into profit from any downside in the S&P 500. People do this for a variety of reason and not just to profit from a crash, but also to hedge their portfolios against a negative move. Price is at a level 33% lower than the start of the COVID-19 crisis. This does not agree with the real fundamental outlook of the economy where most of Europe is seeing case numbers rise, and leading doctors in the US admit the virus is still not under control there. The second chart (CRUDI) is an inversely correlated ETF against Crude Oil prices. In any market condition where the virus starts to peak again, we can expect Oil demand to fall and consequently prices to fall. This is where we will see this CRUDI chart rise as it did during the emergence of COVID-19. The third chart may be more familiar to people (VIX) measures the volatility of the stock market. Our analysis is telling us the VIX will soon start to rise which will be yet another indicator of the upcoming market crash. To back up this thesis we have to have a fundamental viewpoint - Essentially in so many different industries the 'new normal' isnt profitable. Restaurants with social distancing means they are not full, airlines are the same and this goes for many industries. If you have some ideas on this please comment below.
DShort
by JoelWarby
1
SIMPLEAll is explained in the chart, price is currently at a strong support level that has previously been used as strong resistance so this proves this is a very strong key level. This is as simple setup as you can get with 2 very nice targets that if met will have you counting your money for days ;p You can also use a tight stoploss on trades like this because if this support is broke then there is a very high chance that bears will take over pushing price lower, there is a chance that price could create a bearish spike around levels this strong to take out any stop losses ion the area before bulls take back over and push price up, if this happens and hits our stop then we will just enter the trade again. If you need any help trading then just send me a message :) Lots Of Love Laura x
Long
by FreeSignalsUK
3