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NQ Weekly and Longer term Bias (We were fire last week, check)hey guys just my weekly chart and levels going into the week. everyone expecting a santa rally, not so positive... i could see it mooning from here, don't get me wrong. im much more bullish this week than last now that we got some sort of correction (check last weeks analysis for real, read the chart and play the thing for the week, we cooked, hope you all did too, all 3). anyway a lot on there, i think it's downward, people buying the wrong dip in my opinion, much more liquidation to come. good luck
CME_MINI:NQ1!Short
by ajx1124
1
Are Funded Trading Accounts Right for You? In the trading world, funded accounts are becoming increasingly popular. But are they the right fit for your trading journey? Let’s break it down: 🔥 What Is a Funded Account? It’s simple: You trade using someone else’s capital, usually provided by a proprietary trading firm. In exchange, you keep a percentage of the profits, often ranging from 70% to 90%. ⚖️ Pros of Funded Accounts: No Risk to Your Personal Capital: You’re trading someone else’s money. Access to Larger Capital: Grow your profits with higher lot sizes and better leverage. Keeps You Disciplined: Many firms require strict adherence to risk management rules. 💡 Challenges to Consider: Evaluation Phase: Most firms require you to pass a challenge or verification, proving your profitability and discipline. Daily/Overall Drawdowns: Strict rules on losses can be unforgiving. Profit Splits: A portion of your earnings goes to the firm. 📈 Is It for You? If you’re confident in your strategy and risk management, funded accounts can be an incredible opportunity. If you’re still learning or struggle with discipline, it might be better to focus on improving your skills first. 🏆 Popular Funded Account Firms: FTMO, Alpha Capital Group, The5ers, and more! Research each one to find the best fit for your style. Have you tried a funded account? What was your experience like? Let’s discuss below!
by Safaric
NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot I predict will be heading back to the support level where market makers left sellers looking very sad. (19415 area) If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area. They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed Thanks and hopefully this information benefits you .... like share and follow chat !!!! #TradeGod
CME_MINI:MNQ1!Short
by TradeGod003
3
USDJPY Forecast for the WeekThe USD/JPY pair is experiencing volatility this week, driven by economic indicators and central bank sentiments. Initially pressured by lower-than-expected April inflation data, the US dollar saw potential for Fed policy easing, though Fed representatives have remained cautious. Weak preliminary Japanese GDP figures further contributed to uncertainty, potentially delaying Bank of Japan interest rate hikes. Technically, the pair is within a long-term ascending channel, with resistance at 156.25 and support at 153.12. Technical indicators suggest an uptrend continuation, but traders are closely monitoring central bank actions and key levels for further direction. Resistance levels: 156.25, 159.37, 162.50. Support levels: 153.12, 150.00. Long positions can be opened above the 156.25 mark with targets of 159.37, 162.50 and stop-loss around 154.00. Short positions should be opened below the level of 153.12 with the target of 150.00 and stop-loss around 155.20.
by PropTradePros
"GBP/USD Analysis: Anticipating Bearish Momentum (Read Caption)1. GBP/USD Technical Analysis: - Sell Entry: Targeting a decline from 1.26503 to 1.25890. - Retest Anticipation: Expecting a revisit of 1.26640 before downward movement. - Risk Management: Set stop-loss above retest level to mitigate reversal risk. - Take Profit: Aim for 1.25890, but adapt to market conditions and price action. 2. Fundamental Analysis: - Consider recent and upcoming US economic data releases impacting the US Dollar strength, thereby influencing GBP/USD movements. 3. Trading Strategies: - Confirmation: Wait for confirmation of retest level acting as resistance before entering the trade. - Risk Management: Employ suitable risk management strategies like setting stop-loss orders and managing position sizes. - Stay Updated: Keep abreast of news and events affecting both the US and UK economies, as they can influence GBP/USD dynamics. 4. Trading Psychology: - Exercise Patience: Wait for the optimal entry and confirmation signals. - Emotion Control: Manage emotions like fear and greed by adhering to the trading plan. 5. Additional Analysis: - DXY Analysis: Continuously monitor the US Dollar Index to gauge overall USD strength, offering insights into GBP/USD movements. --- If you like this analyse please boost comment and follow thanks for support.
Short
by Forex_Haleh_signals_professor
Lessons from MFF's Regulatory Challenge in Forex TradingYesterday, MFF (My Forex Funds) was hit with an unexpected and sudden blow when both the provincial securities regulator in Canada and the commodities regulator in the United States issued orders that effectively prevented them from trading securities or accessing their bank accounts. This significant action was taken without any prior notice or opportunity for discussion. As a consequence, MFF now finds itself in a state of uncertainty, with its future hanging in the balance. At least until these freeze orders are lifted or modified, the business is effectively frozen as well. This situation has imparted several important lessons: 1) The Proprietary Trading Firms in the US and Canada are likely embarking on a complex and protracted journey that may ultimately result in the establishment of more robust and transparent regulations within this industry. While the outcome remains uncertain, the hope is that such measures will enhance the safety and security of similar businesses in the future. 2) Given the inherent volatility and uncertainties associated with businesses like MFF, it becomes evident that regularly withdrawing profits is a wise practice. Relying solely on compounding, as enticing as it may be, can leave businesses vulnerable to unforeseen regulatory actions or market fluctuations. 3) This incident underscores the importance of relying on one's own private funds for trading endeavors. While Proprietary Trading Firms offer opportunities for profit, they also expose traders to external risks beyond their control. Maintaining control over personal funds provides a layer of security and autonomy that cannot be easily replicated in external trading environments. In summary, the events surrounding MFF underscore the constantly changing nature of financial regulation. They emphasize the importance for traders and businesses to remain adaptable and prioritize sound financial strategies in an unpredictable market. One key takeaway is that while being funded may be an intriguing avenue, it can be challenging to generate substantial revenue. Any such revenue should be deposited into our primary trading account, where it is shielded from external interference, ensuring that no entity can hinder your performance or restrict your trading activities unexpectedly. The core focus should always be on continuous learning, studying, and improving our trading and investment methods and strategies. This commitment to self-improvement should remain at the forefront of your priorities.
EIGHTCAP:XAUUSD
by FOREXN1
11
NZDUSD - Breakout Of A Range?Analysis: From the charts we can clearly see that price was stuck in a range until recently where we saw a breakout to the downside signalling to us that there is downwards momentum. With this bias we're only looking for shorts on this pair. Price has since returned to our area of interested, giving us the opportunity to look for shorts from this area. Why this area? Well for added confluence we also have the 50% fib retracement level which has been tagged and which we expect to hold and for sellers to continue to push price down further. Our second added confluence that we have is the downwards trendline that is clearly present on the chart. We expect that this trendline will be respected meaning that price will head to the downside. When we look at the fundamentals these also go in our favour. The USD is stronger then the NZD with the USD being the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this helps our idea. For more confidence in this setup the NZD had an increase in short positions meaning that more institutions are starting to short the NZD. Now institutions have access to a lot more data then we do so there must be a reason why they are starting to short the NZD whereas we actually see an increase in both long and short positions on the USD. Although this isn't a positive it also isn't a negative as there are still institutions entering long positions on the USD. With all of the data we have access to and taking a look at the technicals and the fundamentals we are bearish on this pair! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
8
XAUUSD for week May 14, 2023. See recent video for full breakdown. From a weekly basis gold has been stuck in a range trying to break out for the past 8 weeks and even last week has yet again fallen back into the weekly consolidation range. What I can see from daily perspective is that last weeks price action has rejected a daily volume imbalance and has started to draw towards lower prices. I'm am looking to hunt a bearish entry on the 1hr timeframe. Ideally I would like to see price rally into the midpoint of 1hr -FVG currently above price. My first downside target objective will be 1999.50, hoping for an even further push to take out the longterm liquidity below.
EIGHTCAP:XAUUSDShort
by chaarate
3