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My TOP 10 Posts! Must Reads for Beginner Traders!I wrote more than 1200 posts in TradingView. The majority of them are trading ideas and market overviews. Even if they helped you to make tons of profit, I think their value is much lower than the few educational posts I published. I am a person who believes that knowledge and experience are the main elements of success. No matter in which field, if you know what to do and if you have experience - one day you will reach your goal. Trading signals are just one tool which can't make you a successful trader if you don't have knowledge and experience. I would like to collect all my best posts in this one, just in order to tell one more time to novice traders the which are the important things in trading. You can read my best posts, of course from my point of view. I did the best for adding value to this community. And I hope the real value, from my side, can be seen in these posts. This is Why Beginner Traders Lose Their Capital – 1. No Strategy This is Why Beginner Traders Lose Their Capital – 2. Risk/Reward This is Why Beginner Traders Lose Their Capital – 3.Trade Volume This is Why Beginner Traders Lose Their Capital – 4.Overactivity WHEN CAN YOU START TRADING FOR A LIVING? 90% of Traders Lose Their Money! Do You Really Want to Succeed? The Key Elements to Succeed in The Financial Markets Trading Signals Won’t Make You Rich! Trading Signals Won’t Make You Rich! Spoiled Community and How to Become Successful Good luck in your journey in the financial markets!
BITFINEX:BTCUSDEducation
by DLavrov
12
Reading NEWS Daily would make you a BETTER Trader Overall!Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)! In most circumstances we can only see that some traders lets take for instance technical analysis traders, they only perform their trades based on analysis of the charts by using patterns and indicators!. While there may be few traders who combine Both fundamental and technical analysis to execute their trades, most of them do NOT prefer to do this method particularly as they believe "its take a lot of effort to combine these two techniques which would eventually result in executing less trades when compared to using single method!" Whereas the above statement holds true, it can also be fairly said that the combination of the three techniques (technical, fundamental and sentimental analysis) gives a trader more confidence and trust in his/her analysis!. Take for example myself, i used to execute around 2 trades daily when i was basing my analysis solely on technical perspective. These days i only execute around 5 trades a MONTH due to i combine all these 3 techniques which gives me more confidence and trust in executing my trades! I also noticed that since my trades are high probability setups, my win rate is way better when i was using on technical analysis alone. These days i hardly do DAY trading as i spend most of the time reading news and chart analysis to find high probability trades on higher time frames (DAILY, WEEKLY & RARELY 4HR). What i have come to realize in all these years is that SWING trading gives me more accurate results and high win percentage. I do NOT expect to double my account in a month's time, but i trade using risk management and just execute enough trades to make what i can without being stress and blowing up my account! So my advice to all you guys would be to try to combine both fundamental and technical analysis to execute your trades. Here is a big TIP for those that only use technical analysis to execute their trades: TRY TO SPEND 1-2 HOURS A DAY READING NEWS ON APPS SUCH AS INVESTING.COM (BOTH ANALYSIS AND NEWS SECTION), MYFXBOOK NEWS SECTION AND TRADER SENTIMENT SECTION, HAVE A LOOK AT SOMEONES ELSE IDEAS ON TRADINGVIEW.COM If you keep this a habit of reading news and analysis together whilst performing your own too, you will develop a GUT feeling technique that is unique and which will likely tell you where the market is headed prior to you even performing your technical analysis! Its a very special technique but it takes time and habit to develop. Here we see the main of GOLD (XAUUSD) pair i has a gut feeling would reverse and dip slightly because markets were in RISK ON mood. Now this pair is on its way to form HEAD AND SHOULDERS PAttern which is on the verge of breaking the neckline. Now the pattern is not yet complete because the technically the neckline has not broken, but i have a GUT feeling that it would break soon enough and target the ascending trendline beneath at 1260.000 level. its a very special technique and i hope some of you could combine them and use it to your greater advantage! Cheers
OANDA:XAUUSDEducation
by FX618Analysis
Gold - Let's wait for a better entry! #gold #wealth $NUGT $XAUU --Bearish Indicators-- Weekly STOCH Weekly RSI Weekly CMF --Bearish Indicators-- Daily McGinley --Bearish Indicators-- Weekly/Daily Coppock Curve CMF - Bearish --Bearish Indicators-- Ich - Broke through support, moving averages bearish Traders on TV were longing based strictly off Ich support.. Bollingers - Mixed Signals because 1300 will be a point of resistance due to it being the 20dSMA for the bollingers MACD - Bearish Good Luck trading gold guys, I say be patient and look for a better place to long. Still bullish on gold long term, think we can get a better buying to swing here though. #Notwillingtoshort
OANDA:XAUUSDEducation
by ZenMode
GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon. If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion. Key Note Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
FX_IDC:XAUUSDEducation
by robdee4x
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range. Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside. The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete. Key Note During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
FX_IDC:XAUUSDEducation
by robdee4x
Gold is in a bubble - only traces inflation due to 'Reflexivity'Do not follow the financial advice of dinosaur gold shills, who are mostly over the age of 65 years and have weakened IQs and memory retention. Please study George Soros' Theory of Reflexivity (inb4 "Soros is evil, Qanon blah blah blah"). Gold only traces inflation because people 'believe' it should trace inflation. Gold has little to no utility in manufacturing especially given the discovery of synthetic substitutes ionised from copper particles. Gold is a great luxury asset used in the production of Jewellery which the world has an over abundance of already, that can easily be recycled. Like all asset bubbles such as real estate, stocks, bonds, etc Gold is also in a bubble. Gold has no future in a digital economy. The world has experienced the greatest reduction in poverty since the abolishment of the gold standard. This is due to the velocity of money, where the faster the exchange of value is in any given economy the more growth said economy experiences. The world will never return to a 'gold standard' because the negotiation of trade and the rules of exchange can be much more efficiently coordinated and managed using computer networks and high tech communication systems. Gold is a barbarous relic, and has no inherent/intrinsic value since all words and perceptions of value are subjective and change rapidly over time. If value is subjective, and we live in a highly complicated matrix society that has vast computing resources at it's disposal then what purpose does gold actually have? Cryptocurrencies are in a bear market and due to the Theory of Reflexivity their value is underestimated by society at large. However their utility in terms of the velocity of money, where value can be exchanged in seconds, where consensus is regulated by a large distributed network, where security is guaranteed through various cryptographic algorithms such as SHA256, and where productive capacity is maintained by decentralised autonomous communities (which are virtually impossible to compete with) makes certain cryptocurrencies far greater investments than Gold and precious metals. Do some research on XRP and Ripple. Do no fall for the doomsday fear porn that drives the sales of precious metals. Look to countries such as Turkey, Venezuela, Argentina etc and realise that cryptocurrencies best facilitate trade during periods of economic downturn. Those countries aren't turning to gold to facilitate trade, especially since Gold is extremely difficult to maintain security over. Will gold always have a place in society? Yes, of course it will. Will gold ever shift the paradigm of civilisation as we know it? Hell no. I'm not saying you shouldn't maintain holdings of precious metals, but you should reduce your exposure to them, since cryptocurrencies will dramatically shift the perception of value that we currently place on gold going into the future.
FX:XAUUSDEducation
by zmassey
XAUUSD LONGAnalysis: -1hr structure continuation to the upside -70-79% rejection -MA Bounce/Reject -Long bullish hammer on MA -Previous Resistance becoming support -4 hr doji candle Emotions: -Woke up late and rushed -Wasn't even supposed to be able to look at charts this morning so grateful for that -Skimmed through analysis -Didn't read through my trading plan -Was not focused or in the zone -Was feeling a little hesitant with some opportunities because I did not want to enter too many trades.
FX:XAUUSDEducation
by EsotericTrader
Correlation Trading EUR/USD/ DAX/ OIL/ GOLDHey guys, after a time of inactivity I"m back. Today I show you how you can trade EUR/USD with the help of correlations. You can see in the chart positive correlations and negative correlations. Be careful the arrows on the chart are no trend direction. If for example Oil change its direction the trend direction is turned. But be careful with long term-trends and short- therm trend. Always be aware of your timeframe. (4h is short therm trading) Hope I could be informative for you guys
Education
by perc_growth_everyday
Gold - Bearish Divergence (Daily chart) Bearish divergence possibly indicates signs of weakness in the market trend and that a reversal may occur from uptrend to downtrend. It is formed when price forms a higher high and your chosen indicator forms a lower high. In the daily chart above we can see Gold against the U.S dollar sell off after bearish divergence formed with the MACD and RSI. Combined with news of a stronger U.S dollar, rise in the Dollar index, break of uptrend in Gold - both fundamentals and technical set up for a move lower.
FOREXCOM:XAUUSDEducation
by mmac8
GOLD !!! IMPORTANT TO READ BEFORE TRADE !!!!Hello, We forecasted the up move and down move so far that was awesome, What is next ?????????????????? First U have to know GOLD is more related to stock market than the dollar, its valued by the Dollar, priced by stock market!!! Remember this well. Stock has more revenue, but when crashing, people move to safe heaven GOLD, just has been good for 5000 years, We even have it in the Ancient Egyptian history, u can see it the Egyptian Museum, there is what is called THE GOLD ROOM, gold of all queens gathered in one room. Anyway, ... We forecast STOCK TO SHINE SO HIGH, consequently, Gold will slide lower. Why Stock will shine? USA CHINA TRADE DEAL must be done, so Mr. Trump can run another election, so stock will go higher, gold slide. How much further down will gold go? U have to watch 2 numbers, 1260 and 1235. If we drop to 1260, there is a good chance we bounce up, if not, a quick visit to 1235. So wait a bounce from 1260 or 1230 to buy, u can sell small time frames, but don't hold it, because we are looking for the buy now. Thanks Weekly Forex Forecast
OANDA:XAUUSDEducation
by SignalsView
BTG Bitcoin Gold - Full retraceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. In our friendly group, we took a close look at Bitcoin Gold back around August 2018 and hopefully at this point everyone has seen the BTGUSDLONGS chart. I don't want to get into that right now, but feel free to take a look if you'd like. We watched the flat top wedge form and traded the breakout. There was some crazy price action at the top (as you can see by that crazy candle) and we got out. Now we're sitting at almost a 100% retrace, so the question is... are we done here and finding a good support or are we going to continue more red. My gut feeling is we're going to fail this support and fall more but it depends on what the price action is doing. What I can see right now is yesterday there was plenty of buying but more selling (causing a long wick on top of the small candle body). Similar candles can be seen in the immediate past (within the last 2 weeks). This does not look good for BTG. I said I wouldn't get into the BTGUSDLONGS chart but here I go anyway. If that person decides to unload that position, they hold such a large position it will likely crash the price of BTG and fast. All in all, I would stay away from Bitcoin Gold until it decides what it wants to do. Trade safely my friends <3 -CE-
BEducation
by bitdoctor
Gold - Multi Year view -why is this week important(4th Feb 2019)Disclaimer - I am new to technical studies and learning everyday. Please share your views, it will help me to learn better. After reviewing GOLD multi year chart I see the following: 1. Oct 2008 @ approx $682 and high in Aug 2011 @ approx $1919 2. Retracements upward since Aug 2018 at exactly .618 level 3. Now broke .50 level last week at approx $1302 level 4. This week, it should pullback upto .50 level. From here if it breaks above ( probably inside bar breakout) then we should target next Fib level. Hurdle before it will be a trend-line coming down supported by another trend-line upward providing ample trading opportunities. Share your views and help me learn further. Thanks
FX:XAUUSDEducation
by ABFX6
2