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What is Dynamic Support and Resistance Levels & Zones in Forex Dynamic supports and resistances play a crucial role in technical analysis. Unlike classic supports and resistances, these zones change and adapt to a market price action in real time. Learn what is dynamic support and resistance in Forex, Gold trading and how to find it easily. Discover its main types and real market examples. Let's start with the basics. There are 2 major types of supports and resistances in technical analysis. The first type is called static . Such supports and resistances are fixed and don't change with time. It should be strictly horizontal key levels or the zones. Market price action and momentum beyond them do not affect these supports and resistances. In the example above, you can find static supports and resistances on Gold. The market may return to one of those levels or the zones today, tomorrow or in a month, but it will not move. In comparison to static supports and resistances, the dynamic ones shift with time. They constantly change and adjust as the time flies. One of the obvious types of dynamic supports and resistances is a trend line. Above is the example of a dynamic rising support based on trend line. As the time goes, a support shifts and becomes higher and higher. I found a great example of a dynamic resistance on Dollar Index. Depending on the moment when the price tests that, the resistance will be on different levels. The later the price tests the trend line, the lower is the resistance. When newbie traders learn dynamic supports and resistances, they usually stop on trend lines. But it is just a beginning. Really significant dynamic supports are resistances will be the zones . The areas based on static horizontal supports and resistances and trend lines. Examine a price action on GBPCHF forex pair. We have a static horizontal support area and a dynamic rising trend line. Two supports intersect, composing a contracting dynamic support zone. With time, it will become narrower, accumulating buy orders within. On NZDCAD forex pair, I underlined a contracting dynamic resistance zone that is based on an intersection of a static horizontal resistance area and a falling trend line. Selling orders will be distributed within. The 2 dynamic support and resistance zones that we discussed are narrowing , but that is not always the case. A dynamic support zone that I found on GBPNZD is expanding and broaden with time. It is based on a dynamic falling trend line and a static horizontal support. With time its boundaries will be wider and a bullish reaction may initiate from any level within that. A dynamic resistance area that I spotted on EURCAD forex pair is a great example of an expanding resistance. It is based on a static horizontal resistance and a rising trend line. We can easily recognize how it grows with time. Of course, another types of dynamic supports and resistances exist. But they are more nuanced and rare. As soon as you learn to recognize the clusters that we discussed in this article, you will be able to recognize the less obvious ones as well. Next time, when you execute a support and resistance analysis, try to find a dynamic zone. You can find it on any time frame, and forex pair and gold, and it will completely change your perspective on the market. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Education
by VasilyTrader
6
Analyzing the Market with Fundamental and Technical AnalysisAnalyzing the Market with Fundamental and Technical Analysis In addition to technical analysis, it's important to consider fundamental factors that could influence the market. News releases, economic reports, and central bank decisions can significantly impact price movements. Fundamental Analysis: Keep an eye on major economic indicators like NFP, CPI, and interest rate decisions. These factors can drive the market and change its trend direction. Technical Analysis: Use tools like EMA, Fibonacci, and Price Action to confirm the trend and identify entry points. For daily updates and comprehensive market analysis, join my MMFLowTrading TradingView channel, where I combine both technical and fundamental analysis to give you the most accurate insights. Conclusion: Identifying market trends in one day doesn’t have to be complicated. By using the right tools like EMA, Fibonacci, and Price Action on TradingView, you can make better trading decisions every day. To take your trading to the next level, join my MMFLowTrading TradingView channel for daily updates, real-time trend analysis, and expert trading signals. Ready to start trading with precision? Join my MMFLowTrading TradingView channel today for daily market insights and trading setups. Stay updated with real-time analysis, get actionable trading signals, and take your trading skills to the next level. Follow me now on TradingView!
OANDA:XAUUSD
by MMFlowTrading
2
9 Essential TIPS For Newbie Traders (Learn from my Mistakes!) In the today's article, I will reveal trading secrets I wish I knew when I started trading. 1️⃣ Forget about becoming a pro quickly Most of the traders believe, that you can learn how to trade easily and that it takes a very short period of time in order to master a profitable trading strategy. The truth is, however, that trading is a long journey. I spent more than 3 years, trying different strategies and looking for a profitable technique to trade. Once I found that, it took more than a year to polish a trading strategy and to learn how to apply that properly. Be prepared to spend YEARS before you find a way to trade profitably. 2️⃣ Focus on One Strategy While you are learning how to trade you will try different techniques, tools and strategies. And the thing is that newbies are trying multiple things simultaneously. The more strategies you try at once, the more setups you have on your chart. The more setups you have on your chart, the more complex and difficult is your trading. Remember that in this game, your attention is the key. You should meticulously study each and every trading setup. For that reason, I highly recommend you to focus on one strategy, one approach, one technique. Test it, try it and look for a new one only when you realize that it doesn't work. Here is the example how the same price chart can provide absolutely different trading opportunities depending on a trading strategy. Price action pattern trader would recognize a lot of a patterns, while indicator based trader could spot absolutely different bullish and bearish signals. Now, try to imagine how hard it would be to follow both strategies simultaneously. 3️⃣ Start with small capital that you can afford to lose You will lose your first trading deposit and, probably, the second one and potentially the third one as well. Losses are the only way to learn real trading. While you are on a demo account, you feel like a king, but once you start risking your savings, the perspective completely changes . For that reason, make sure that you trade with an account that you can afford to lose. The fact of blowing such an account should be unpleasant, but that should not affect your daily life. 4️⃣ Use stop loss I am doing trading coaching for more than 4 years. What pisses me off is that the main reason of the substantial losses of my mentees is the absence of stop loss. Why can it be if naturally everyone: from your broker to Instagram trading gurus repeat that day after day. Set stop loss, know in advance how much you risk per trade, and know the exact level on a price chart where you become wrong. Imagine what could be your loss, if you shorted USDJPY and hold the trade while the market kept going against you. 5️⃣ Forget about getting rich quick That is the iconic fallacy. I believe that around 90% of people who come in this game want to get rich quick , want easy money. And no surprise, when I share a trading setup in my free telegram channel, and it loses I receive dozens of messages that I am a scammer. People truly believe that professional trading implies 100% win rate and quick and easy money. The truth is, traders, that trading is a very tough game. And with a good trading strategy, you have just a little statistical edge that will give you the profits that would slightly overcome your losses. 6️⃣ Train your eyes Professional trading implies pattern recognition: it can be some technical indicators pattern, the price action or candlestick formation, etc. Your main goal as a trader is to learn to identify these patterns. Pattern recognition is a hard skill to acquire. You should spend dozens of hours in front of the screen in order to train your eyes to identify certain patterns. Here is how many patterns you would spot on GBPUSD chart, paying close attention. 7️⃣ Track and analyze your trades Study all the trades that you take, especially the losing ones. Look for mistakes, look for the reasons why a certain setup played out and why a certain one didn't. Journal your trades and make notes. 8️⃣ Don't use technical indicators Newbies believe that technical indicators should do the work for them. They are constantly looking for one or a bunch that will accurately show where the market will go. However, I always say to my mentees that technical indicators make the chart messy and distract. If you just started trading, focus on a naked chart, learn to analyze the market trend, key levels, classic price action patterns. Learn to make accurate predictions relying on a price chart alone. Only then add some technical indicators on your chart. They won't do the work for you, but will help you to slightly increase the accuracy of a certain setup. Above is the classic chart of a newbie trader. A lot of indicators and a complete mess The same chart would look much better without technical indicators. 9️⃣ Find a Mentor There are hundreds of trading mentors on Instagram, YouTube, TradingView. Find the one with a trading style that you like. Follow him, learn from his trading experience, listen to his trading recommendations. 11 years ago I found a guy on YouTube, his name was Jason. I really liked his free teachings, and they were meaningful to me. I decided to purchase his premium coaching program. It was 200$ monthly - a huge amount of money for me at that time. However, with his knowledge I saved a lot, I learned a lot of profitable techniques and tricks that helped me to become a professional forex trader. Of course, this list could be much bigger. The more I think about different subjects in trading, the more important tips come to my mind. However, I believe that the tips above are essential and I truly wish I knew all that before I started. I hope that info will help you in your trading journey! Good luck to you. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
11
MarketBreakdown | EURUSD, GBPUSD, USDJPY, USDCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD weekly time frame 🇪🇺🇺🇸 The pair is unstoppable. The market violated a significant weekly resistance cluster last week. It opens more growth potential after a pullback. 2️⃣ #GBPUSD weekly time frame 🇬🇧🇺🇸 In comparison to EURUSD, GBPUSD is now approaching a major resistance area. I think that we can expect a retracement from that. 3️⃣ #USDJPY daily time frame 🇺🇸🇯🇵 The market continues a correctional movement lower. The closest strong support that I see is based on a rising trend line. I think that buying interest may spark again after its text. 4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price updated a historic low on Friday. The next strong support that I see is based on a falling trend line. We can expect a pullback from that. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
SMC Trading Basics. Change of Character - CHoCH (GOLD FOREX) In the today's post, we will discuss one of the most crucial concepts in SMC - Change of Character. Change of Character relates to market trend analysis. In order to understand its meaning properly, first, we will discuss how Smart Money traders execute trend analysis. 🔘Smart Money Traders apply price action for the identification of the direction of the market. They believe that the trend is bullish , if the price forms at least 2 bullish impulse with 2 consequent higher highs and a higher low between them. The market trend is considered to be bearish , if the market forms at least 2 bearish impulses with 2 consequent lower lows and a lower high between them. Here is how the trend analysis looks in practice. One perceives the price action as the set of impulse and retracement legs. According to the rules described above, USDCAD is trading in a bullish trend because the pair set 2 higher lows and 2 higher highs. 🔘Of course, trends do not last forever. A skill of the identification of the market reversal is a key to substantial profits in trading. Change of Character will help you quite accurately identify a bullish and bearish trend violation. 📉In a bearish trend, the main focus is the level of the last lower high. While the market is trading below or on that, the trend remains bearish . However, its bullish violation is a very important bullish signal, it is called a Change of Character, and it signifies a confirmed violation of a bearish trend. In a bearish trend, CHoCH is a very powerful bullish pattern. Take a look, how accurate CHoCH indicated the trend reversal on Gold. After a massive selloff, a bullish breakout of the level of the last lower high confirmed the initiation of a strong bullish wave. 📈In a bullish trend, the main point of interest is the level of the last higher low. While the price is trading above that or on that, the trend remains bullish. A bearish violation of the last higher low level signifies the violation of a current bullish trend. It is called a Change of Character, and it is a very accurate bearish pattern. Take a look at the example on Dollar Index below. In a bullish trend, bearish violation of the last higher low level quite accurately predicted a coming bearish reversal. Change of Character is one of the simplest , yet accurate SMC patterns that you should know. First, learn to properly execute the price action analysis and identify HH, HL, LL, LH and then CHoCH will be your main tool for the identification of the trend reversal. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
9
Learn The Difference Between Beginner and Expert in Trading In the today's post, we will discuss the evolution of a mindset of a trader as he matures in trading. ✔️Beginner For some unknown reasons, beginners assume that a couple of educational videos and books about trading is more than enough to start trading successfully. They believe that they got a comprehensive knowledge and that very few things remain to learn. They start trading, but quickly realize that their knowledge is not enough to make even small gains. ✔️COMPETENT After practicing a couple of years, traders come to the conclusion that they know everything in that field. That they learned, tested and tried all concepts and techniques that are available. They consider themselves to be the experts in the field BUT for some unknown reasons, these traders still are not able to trade profitably. ✔️EXPERT After many years of learning, training and practicing, eyes finally open. Traders realize how limited is their knowledge and how much more there is to learn . While they already have the skills to trade in profits, they understand now that even the entire life is not enough to learn all the subtleties of trading. And here is a little lifehack for you: if you are a beginner, embrace a mindset of an expert. Start from realizing how little you actually know and how much more there is to know, that will help you a lot in your trading journey. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
10
Best Free Volatility Indicator on TradingView for Gold Forex This free technical indicator will help you easily measure the market volatility on Forex, Gold or any other market. It will show you when the market is quiet , when it's active and when it's dangerous . We will go through the settings of this indicator, and you will learn how to set it up on TradingView. Historical Volatility Indicator This technical indicator is called Historical Volatility. It is absolutely free and available on TradingView, MetaTrader 4/5 and other popular trading terminals. TradingView Setup Let me show you how to find it on TradingView and add it to your price chart. Open a technical price chart on TradingView and open the "Indicators" menu (you will find it at the top of the screen). Search "Historical Volatility" and click on it. It will automatically appear on your chart. "Length" parameter will define how many candles the indicator will take for measuring the average volatility. (I recommend keeping the default number, but if you need longer/shorter-term volatility, you can play with that) Timeframe drop-down list defines what time frame the indicator takes for measuring the volatility. (I recommend choosing a daily timeframe) And keep the checkboxes unchanged . How to Use the Indicator Now, let me show you how to use it properly. Wider the indicator and analyse its movement at least for the last 4 months. Find the volatility range - its low levels will be based on the lower boundary of the range, high levels will be based on its upper boundary. This is an example of such a range on USDCAD pair. When the volatility stays within the range, it is your safe time to trade. When volatility approaches its lows, it may indicate that the market might be slow . Highs of the range imply that the market is very active In-between will mean a healthy market. The Extremes The violation of a volatility range to the downside is the signal that the market is very slow . This would be the recommended period to not trade because of high chance of occurrence of fakeouts. An upward breakout of a voliatlity range is the signal of the extreme volatility . It will signify that the market is unstable , and it will be better to let it calm down before placing any trade. Volatility Analysis That is how a complete volatility analysis should look. At the moment, volatility reached extreme levels on CADJPY pair. The best strategy will be to wait till it returns within the range. Remember This With the current geopolitical uncertainty and trade wars, market volatility reaches the extreme levels. Such a volatility is very dangerous , especially for newbie traders. Historical volatility technical indicator will help you to easily spot the best period for trading and the moment when it is better to stay away. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
9
Learn 6 Common Beginner Trading Mistakes (FOREX, GOLD) In the today's post, we will discuss very common beginner's mistakes in trading that you should avoid. 1. No trading plan 📝 That is certainly the TOP 1 mistake. I don't know why it happens but 99% of newbies assume that they don't need a trading plan. It is more than enough for them to watch a couple of educational videos, read some books about trading and Voilà when a good setup appears they can easily recognize and trade it without a plan. Guys, I guarantee you that you will blow your trading account in maximum 2 months if you keep thinking like that. Trading plan is the essential part of every trading approach, so build one and follow that strictly. 2. Overtrading 💱 That mistake comes from a common newbies' misconception: they think that in order to make money in trading, they should trade a lot. The more they trade, the higher are the potential gains. The same reasoning appears when they choose a signal service: the more trades a signal provider shares, the better his signals are supposed to be. However, the truth is that good trades are very rare and your goal as a trader is to recognize and trade only the best setups. While the majority of the trading opportunities are risky and not profitable. 3. Emotional trading 😤 There are 2 ways to make a trading decision: to make it objectively following the rules of your trading plan or to follow the emotions. The second option is the main pick of the newbies. The intuition, fear, desire are their main drivers. And such an approach is of course doomed to a failure. And we will discuss the emotional trading in details in the next 2 sections. 4. Having no patience ⏳ Patience always pays. That is the trader's anthem. However, in practice, it is extremely hard to keep holding the trade that refuses to reach the target, that comes closer and closer to a stop loss level, that stuck around the entry level. Once we are in a trade, we want the price to go directly to our goal without any delay. And the more we wait, the harder it is to keep waiting. The impatience makes traders close their trades preliminary, missing good profits . 5. Greed 🤑 Greed is your main and worst enemy in this game. It will pursue you no matter how experienced you are. The desire to get maximum from every move, to not miss any pip of profit, will be your permanent obstacle. Greed will also pursue you after you close the profitable trades. No matter how much you win, how many good winning trades you catch in a row, you always want more. And that sense main lead you to making irrational, bad trading decision. 6. Big Risks 🛑 Why to calculate lot size for the trade? Why even bother about risk management? These are the typical thoughts of the newbies. Newbie traders completely underestimate the risks involved in trading and for that reason they are risking big. I heard so many times these stories, when a trading deposit of a trader is wiped out with a one single bad trade. Never ever risk big, especially if you just started. Start with a very conservative approach and risk a tiny little portion of your trading account per trade. Of course there are a lot more mistakes to discuss. However, the ones that I listed above at the most common and I am kindly recommending you to fix them before you start trading with a substantial amount of money. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
3
Learn What is TRAILING STOP LOSS | Risk Management Basics In the today's article, we will discuss a trailing stop loss. I will explain to you its concept in simple words and share real market examples. 🛑Trailing stop loss is a risk management tool that allows to protect unrealized profits of an active trading position as long as the price moves in the desired direction. Traditionally, traders trade with fixed stop loss and take profit. Following such an approach, one knows exactly the level where the trade will be closed in a profit and the level where it will be closed in a loss. Take a look at a long trade on USDCAD above. The trade has fixed TP Level - 1.354 and fixed SL Level - 1.341. Once one of these levels is reached, the trade will be closed. Even though the majority of the traders stick to fixed sl and tp, there is one important disadvantage of such an approach – substantial gains could be easily missed . After the market reached TP in USDCAD trade, the price temporarily dropped, then a strong bullish rally initiated and the price went way above the Take Profit level. Potential gains with that long position could be much bigger. Trailing stop solves that issue. With a trailing stop loss, the trader usually opens the trade with Stop Loss and WITHOUT Take Profit. Take a look at a long trade on USDCHF. Trader expects growth, he opens a long position and sets stop loss – 0.8924, while take profit level is not determined. With a trailing stop loss, the trader usually opens the trade with Stop Loss and WITHOUT Take Profit. As the market starts growing, one decides not to close the trade in profit, but modify stop loss – trail it to the level above the entry. As the market keeps rallying, one TRAILS a stop loss in the direction of the market, protecting the unrealized gains. When the market finally starts falling, the price hits stop loss and a trader closes the trade in a substantial profit. The main obstacle with the application of a trailing stop is to keep it at a distance from current price levels that is not too narrow nor too wide. With a wide stop loss distance, substantial unrealized gains might be washed out with the market reversal. Imagine you predicted a nice bullish rally on Bitcoin. The market bounced nicely after you opened a long position. Trailing stop loss too far from current price levels, all the gains could be easily wiped out. While with a narrow trailing stop distance, one can be stop hunted before the move in the desired direction continues. A trader opens a long trade on EURJPY and the price bounces perfectly as predicted. One immediately trails the stop loss. However, the distance between current prices was too narrow and the position was closed after a pullback. And then market went much higher. In conclusion, I want to note that fixed SL & TP approach is not bad , it is different and for some trading strategies it will be more appropriate. However, because of its limitations, occasionally big moves will be missed. Try trailing stop by your own, combine it with your strategy and I hope that you will make a lot of money with that! ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
When and How to Use Weekly Time Frame in Gold Forex Trading Ignoring weekly time frame chart analysis could cost you big losses in Forex, Gold trading! Discover 3 specific cases when weekly time frame beats daily time frame analysis. Learn the situations when weekly timeframe exposes what daily charts can’t, how to analyze it properly and when to check it. 1. Long-term historic levels When the market trades in a strong bullish or bearish trend and goes beyond recent historic levels, quite often the daily time frame will not be sufficient for the identification of significant supports and resistances. The proven way to identify the next meaningful levels will be to analyze a weekly time frame. Examine a price action on EURAUD forex pair on a daily time frame chart. The market is trading in a strong bullish trend and just updated the high. Checking the historic price action, we don't see any historic resistance on the left. Switching to a weekly time frame chart, we can easily recognize a historic resistance that the price respected 5 years ago. That's a perfect example when weekly t.f revealed a historic price action that a daily didn't. 2. Trend-lines Weekly time frame analysis is important not only for a search of historic levels. It can help you find significant vertical structures - the trend lines. We can easily find several meaningful historic resistances on EURUSD pair on a daily time frame. Though, there are a lot of historic structures there, let's check if there are some hidden structures on a weekly. Weekly time frame reveals 2 important trend lines, one being a vertical support and another being a vertical resistance. With a daily time frame analysis, these trend lines would be missed . 3. More accurate breakout confirmations Some false support and resistance breakouts that you see on a daily could be easily avoided with a weekly time frame analysis. Quite regularly, a daily time frame support or resistance is in fact a weekly structure. And for its breakout, a weekly candle close will provide more accurate confirmation. From a daily time frame perspective, we see a confirmed breakout - a daily candle close above a solid resistance zone. It provides a strong bullish signal on AUDUSD forex pair. However, the violation turned out to be false and dropped. Such a false breakout , could be easily avoided, checking a weekly time frame chart. The underlined resistance is in fact a weekly structure. The price did not manage to close above, and perfectly respected that, starting to fall after its test. Such a deeper analysis would completely change our bias from strong bullish (based solely on a daily) to strongly bearish (based on a daily AND weekly) Remember This Do not ignore and always check a weekly time frame. It shows a unique perspective on the market and reveals a lot of hidden elements that you would not notice. No matter whether you are a scalper, day trader or swing trader, remember that weekly time frame structures are very impactful and accumulate large trading volumes. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
Learn What Time Frame to Trade. Gold Forex Trading Basics If you just started trading, you are probably wondering how to choose a trading time frame. In the today's post, I will go through the common time frames, and explain when to apply them. 1m; 5m, 15m Time Frames These 4 t.f's are very rapid and are primarily applied by scalpers . If your goal is to catch quick ebbs and flows within a trading session, that is a perfect selection for you. 30m, 1H Time Frame These 2 are perfectly suited for day traders. Executing the analysis and opening the trades on these time frames, you will be able to catch the moves within a trading day. 4h, Daily Time Frames These time frames are relatively slow . They are mostly applied by swing traders, who aim to trade the moves that last from several days to several weeks. Weekly, Monthly Time Frames These time frames reveal long-term historical perspective and are mostly used by investors and position traders. If your goal is to look for buy & hold assets, these time frames will help you to make a reasonable decision. 📝When you are choosing a time frame to trade, consider the following factors : 1️⃣ - Time Availability How much time daily/weekly are you able to sacrifice on trading? Remember a simple rule: lower is the time frame, more time it requires for management. 2️⃣ - Risk Tolerance Smaller time frames usually involve higher risk, while longer-term time frames are considered to be more conservative and stable. 3️⃣ - Your Trading Goals If you are planning to benefit from short term price fluctuations you should concentrate your attention on lower time frames, while investing and long-term capital accumulation suite for higher time frames. Time frame selection is nuanced and a complex topic. However, I believe that these simple rules and factors will help you to correctly choose the one for you. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
How Forex Brokers Manipulate Your Trading. Real Examples Your Forex broker could be manipulating your trades right now - and you would not even know it. They can rig your charts, trap you in losing trades and steal your money. In this article, I will expose how they do it, I will show you a real example how broker's manipulations can lead to bad trading decisions and significant losses. What I’m about to show you will change the way you trade forever, and you’ll never look at your trading charts the same way again. The story started with a trading live stream in my academy with my students. We spotted a nice setup to trade. We found a strong 4H support on Silver with a confirmed liquidity grab after its test. As a confirmation, we identified a cup & handle pattern on an hourly time frame and a breakout of its neckline with a bullish imbalance. When I got my entry signal, I opened my trading terminal to execute the trade. And the way I trade is very specific: I use TradingView for chart analysis BUT I have a separate trading terminal for trade execution. When I opened the same setup in my trading terminal, I saw a completely different picture and a strong bearish signal. The broker that I use for technical chart analysis is OANDA , while my trading terminal uses ICMarkets quotes. On the right is the price chart of SILVER with IC. There we can see a valid breakout and a candle close below the support with its consequent retest. From a price action perspective, it is a strong signal to sell . I got a strong feeling that some kind of manipulation is going on here, so I decided to check Silver charts of other brokers. Only the broker that I used for market analysis on TradingView provided a bullish signal, while other brokers had very bearish charts on Silver. It looked very suspicious and felt like OANDA broker was inducing me to buy, knowing that the price is going to drop. So I made a decision not to take a trade. Look what happened then. After a retest of a broken support, Silver dropped sharply. Checking the same trading setup on different brokers' charts can help you to avoid the manipulation. My simple decision to examine more charts helped to avoid a losing trade. I strictly recommend you doing the same thing before you place a trade. IF you see a strong deviation of your charts from other brokers, stay alert and vigilant. Probably it is not a good idea to open the trade. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
15
MarketBreakdown | USDJPY, US100, BITCOIN, GBPJPY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDJPY 4H time frame 🇺🇸🇯🇵 I see a strong bullish reaction to a key daily/intraday horizontal support. A formation of a high momentum bullish candle and a violation of a resistance line of a bullish flag indicate a highly probable rise to higher levels. 2️⃣ #US100 #NASDAQ Index 4H time frame I spotted one more bullish flag on US100. Its resistance was violated yesterday and we already see a strong buying interest. I think that the market will rise more, at least to a current local high. 3️⃣ #BITCOIN #BTCUSD daily time frame The price nicely respected a confluence zone based on a rising trend line and a recently broken horizontal structure. Probabilities will be high that the market will continue rising from that. 4️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵 The price nicely respected a solid rising trend line. I see a breakout attempt of a minor daily horizontal resistance. IF a daily candle closes above that, it will provide a strong bullish confirmation. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
4 Profitable Bullish Patterns EVERY TRADER Must Know Forex, GOLD In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument. 1️⃣Bullish Flag Pattern Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within. Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market. Best entries should be placed immediately after a breakout or on a retest. Safest stop loss is below the lows of the flag. Target - the next key resistance. Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated. 2️⃣Ascending Triangle Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously. The equal highs compose a horizontal resistance that is called the neckline. Its breakout is an important sign of strength of the buyers. Buy the market aggressively after a violation, or set a buy limit order on a retest. Stop loss should lie at least below the last higher low within a triangle. Target - the next strong resistance. Take a look at that ascending triangle formation on EURUSD. Bullish breakout of its neckline was a perfect bullish signal. 3️⃣Falling Wedge That formation is very similar to a bullish flag pattern. The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time. Your signal to buy is a bullish breakout of the resistance of the wedge. Stop loss is strictly below its lows. Target - the next key resistance. GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend. You can behold how nicely the price bounced after a breakout of its upper boundary. 4️⃣Horizontal Range Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend. The price starts consolidation , then, setting equal highs and equal lows that compose a horizontal channel. Breakout of the resistance of the range is a strong trend-following signal. Buy the market aggressively after a breakout or conservatively on a retest. Stop loss will lie below the lows of the range. Target - the next strong resistance. Dollar Index formed a horizontal range, trading in a strong bullish trend. Breakout of the resistance of the range triggered a bullish rally. The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
Learn the 4 Best Strategies to Maximize Your Profits in Trading In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the market correct itself. Your entry should be the assumed completion point of a correctional movement. You expect a trend-following movement from there. In a bearish trend, you wait for a completion of the bearish impulse, let the market retrace, and you look for short-entry after a completion of the retracement leg. Here is the example of pullback trading. On the left chart, we see the market that is trading in a bearish trend. A pullback trader would short the market upon completion of the correctional moves. On the right chart, I underlined the buy entry points of a pullback trader. That strategy is considered to be one of the simplest and profitable and appropriate for newbie traders. 2️⃣Breakout Trading Breakout trading implies buying or selling the breakout of a horizontal structure or a trend line. If the price breaks a key support, it signifies a strong bearish pressure. Such a violation will trigger a bearish continuation with a high probability. Alternatively, a bullish breakout of a key resistance is a sign of strength of the buyers and indicates a highly probable bullish continuation. Take a look, how the price broke a key daily resistance on a daily time frame. After a breakout, the market retested the broken structure that turned into a support. A strong bullish rally initiated from that. With the breakout trading, the best entries are always on a retest of a broken structure. 3️⃣Range Trading Range trading signifies trading the market that is consolidating . Most of the time, the market consolidates within the horizontal ranges. The boundaries of the range may provide safe points to buy and sell the market from. The upper boundary of the range is usually a strong resistance and one may look for shorting opportunities from there, while the lower boundary of the range is a safe place to buy the market from. EURCAD pair is trading within a horizontal range on a daily. The support of the range is a safe zone to buy the market from. A bullish movement is anticipated to the resistance of the range from there. Taking into considerations, that the financial instruments may consolidate for days, weeks and even months, range trading may provide substantial gains. 4️⃣Counter Trend Trading Counter trend trading signifies trading against the trend. No matter how strong is the trend, the markets always trade in zig-zags. After impulses follow the corrections , and after the corrections follow the impulses. Counter trend traders looks for a completion of the bullish impulses in a bullish trend to short the market, and for a completion of bearish impulses in a downtrend to buy it. Here is the example of a counter trend trade. EURJPY is trading in a bullish trend. However, the last 3 bearish moves initiated from a rising trend line. For a trader, shorting the trend line was a perfect entry to catch a bearish move. Such trading strategy is considered to be one of the most complicated , because one goes against the crowd and overall sentiment. With the experience, traders may combine these strategies. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
10
Your ULTIMATE Guide For Time Frames in Gold, Forex Trading If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of course, you should concentrate on higher time frames analysis while for scalping the main focus should be on lower time frames. Daily time frame shows a bigger picture. It can be applied for the analysis of a price action for the last weeks, months, and even years. It reveals the historical key levels that can be relevant for swing traders, day traders and scalpers. The patterns that are formed on a daily time frame may predict long-term movements. In the picture above, you can see how the daily time frame can show the price action for the last years, months and weeks. In contrast, hourly time frame reflects intra week & intraday perspectives. The patterns and key levels that are spotted there, will be important for day traders and scalpers. The setups that are spotted on an hourly time frame, will be useful for predicting the intraday moves and occasionally the moves within a trading week. Take a look at the 2 charts above, the hourly time frame perfectly shows the market moves within a week and within a single day. 4H time frame is somewhere in between. For both swing trader and day trader, it may provide some useful confirmations. 4H t.f shows intra week and week to week perspectives. Above, you can see how nicely 4H time frame shows the price action on EURUSD within a week and for the last several weeks. 15 minutes time frame is a scalping time frame. The setups and levels that are spotted there can be used to predict the market moves within hours or within a trading session. Check the charts above: 15 minutes time frame shows both the price action within a London session and the price action for the last couple of hours. It is also critical to mention, that lower is the time frame, lower is the accuracy of the patterns and lower is the strength of key levels that are identified there. It makes higher time frame analysis more simple and reliable. The thing is that higher is the time frame, more important it is for the market participants. While lower time frames can help to predict short term moves, higher time frames are aimed for predicting long-term trends. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
6