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How to Trade in Traditional MarketsHello friends, thanks you very much for your interesting comments to my previous “Why Do You Like to Lose Money?” post. I’m happy to know that not all of you want to stay with status of “crypto enthusiastic trader” and you also want to use trading opportunities from traditional markets as well. It’s really good because if your REAL target is to make additional or the main income from trading, you MUST do logical things. They are simple: if the market does not give you good trading opportunities, you move to another. If it does, you come back. If your trading strategy does not work, you have to search for a new one and so on. Also, I understand that for you may be it’s not simple to move in a new direction. You started with crypto from zero knowledge about trading. You followed fake experts, got fake experience and learnt fake knowledge. The crypto world created a lot of fake things around it when there was a great hype for crypto and people could buy, follow and use any low quality “products” and “services”. Of course with this knowledge it’s rather difficult to think about making profit in the traditional markets. You can't expect every pattern to confirm and every indicator to be right - It does not work like that all the time. That bull market where everyone was always right is over now. Maybe there will be a new one, but until then, it's time to trade the right way. Because of the low quality knowledge and experience which you could get here and there from who knows what noob that thought he knows things because he got 5 charts right, you may have been pushed into a wrong trading workflow. Applying the same logic in the current situation and on real markets, every mistake will cost you money. So, what should you do? The 1st step you should start getting the right knowledge. For this you can read actually cool books from REAL legends with great experience and who are trusted by the financial community. I talk about legendary traders, investors who shared their knowledges, experience, trading strategies, tactics and tips in their books and courses. The 2nd step is, you have to think about your trading goals and create a Trading Plan. What is a trading plan and why you need it, I can write in further posts. Also I made a webinar for this topic. You must have your trading plan where you will write all your steps in the financial markets and tools which help you to reach your goals. The 3d step you have to find any workable trading strategy and start using it on demo accounts. Of course the best variant is when you design your personal trading strategy, but without good knowledge and experience it will be difficult to do. By using ready trading strategies from professional traders will give you more understanding of how to trade like a PRO. The 4th step is to create your personal risk and money management strategies. Based on the trading strategies results' you will be able to think about your comfortable risk level and how to manage your demo capital properly. Also, risk and money management strategies must be included in your Trading Plan. The 5th step - only here when you have everything in your arsenal like: Trading Plan, Trading Strategies tested in demo trading, Risk and Money Management Strategies, Knowledge and some Experience - ONLY AFTER THAT you can start real trading. Not at step 1. I insist! You can write down these 5 steps, and if you will tell me it will take much time and efforts for starting trading and it’s better to buy super profitable signals from crypto guru and become rich quickly... I will reply that these 5 steps are not perfect and it’s better to make 10 step in order to start from the beginning level and reach PRO level. These 5 steps are just a possible and logical road map if you decided to make stable profit in the financial markets. You will need several months for this, but opportunities which will be opened to you - they will surprise you. Also I need to add a very important idea to this post. WHY TRADITIONAL MARKETS ARE SO COOL! They have good infrastructure which can be used for automated trading. Crypto does not provide good terms for automated trading using the bots outside the raging bull market, but traditional markets are perfect for this. You have professional trading platforms which can be improved by new indicators and trading robots. You have opportunities to realize in code a great number of trading strategies. The robots can trade for you when you sleep, when you are at your work or when you have a vacation. You will need only to monitor their work time by time. Trading robots allow you to join the traditional financial markets even when you don’t have knowledge, experience, time and wish to improve yourself as a trader or investor. Trading robots can become a real alternative of that 5 steps, but it's better to have them as a complimentary system to your future trading based on real knowledge. I'll explain why: This direction of trading is also interesting for those who have experience, knowledge and tools and who trade in profit already. Trading robots allow to diversify your trading, they can be added in any portfolio. Using a combination of manual trading, automated trading with robots will make your trading more stable and probably more profitable in long run. Automated trading is a really good alternative for manual trading and if you want to learn more details about it, please write in comments. Also I will be able to write with more details why I think any crypto bot just a useless thing at this moment. Please, write in comments will it be interesting for you to know why I think so? Also, if you do not agree with me and you have other point of view, I will be glad to discuss with you in the comments - just don't be rude, there's no need for that. Thank you very much for your attention!
FX:XAUUSDEducation
by DLavrov
24
6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 6 Elements of a Successful Trading Plan 1. Test The test is considered as the start-up element of the successful trading plan. It refers to the successfulness or failure of any currency involved. In most organisations, time is the primary driver for assessing execution. The assessment period is constructed with respect to the quantity of exchanges put and not by the measure of time passed. You should distinguish the correct number of exchanges for the assessment, however, this number should be sufficiently high that an individual has a nice example set, yet sufficiently low where it keeps you from going on a damaging exchanging. More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :) Follow your trading plan, remain disciplined and keep learning :)
TVC:GOLDEducation
by SMPTrader
1
Back Testing - Evaluating your Trading Strategy 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Back Testing - Evaluating your Trading Strategy 101 Backtesting of technical methods in light of past prices is the most popular testing strategy among technical traders.Below is a short list that will get you started; 1. How many trades does it generate? .............................................. 2. Whats the reliability of the system? ............................................... 3. How big is the average profit compared to the average loss? ............................................................................. 4. Many more.............. #Remember that you need enough data to create at least 30 trades in each test # Please let me know if you would like to know more :) Happy Trading "success occurs when opportunity meets preparation" Zig Ziglar
TVC:GOLDEducation
by SMPTrader
Money Management 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management 101 Are you receiving a win-rate of more then 60% and still loosing money?? Money Management may be an area that you need to focus on. It is an essential element in becoming a professional trader. Listed below are 4 Simple Steps To Evaluate Your Financial Health; 1. Position Sizing A portfolio of $... and I decide to only risk 2% on a trading strategy 2. Capital - How much? A portfolio of $.... 3. Loss - How much? I must be right more then 50% of the time, but win more money on winning trades versus losing trades. I will use stops and limits to enforce a risk/reward ratio of 1:2 or higher 4. Profits - What? A profit/loss ratio refers to the size of the average profit compares to the size of the average loss per trade. For example, if your expected profit is $1500 and your expected loss is $500, the P/L ratio is 3:1 Please let me know if you have any questions :) Happy Trading "The simpler it is, the better i like it" Peter Lynch
TVC:GOLDEducation
by SMPTrader
Trading Journal Basics 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Journal Basics 101 During my trading career one of the most important elements of trading is keeping records of your trading performance. Whether its using an excel document or software such as the EDGEWONK TRADING JOURNAL, its crucial to see where you business has come from and where its going!! Below is a small detailed list of elements of a trading journal; 1. Date/time entered and exited trade 2. Asset traded 3. Long or short trade 4. Entry/ Stop loss and target price 5. Risk/Reward 6. Exit price. Did i exit at the target price? If not why? 7. Profit/Loss 9. Pips amount 10.Balance 11. Notes on trade ( both Pros and cons) 12. How can i improve next time? 13. Missed trades? 14. and many more.... Once again this is just a very basic list and there a lots more that can go into the journal. Note: Edgewonk is by far the best trading journal software that i have ever used. I highly recommend it and if you would like to know more please let me know :) Happy Trading
TVC:GOLDEducation
by SMPTrader
1
Basic Technical Analysis 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Basic Technical Analysis Interpreting the candlestick This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen that the vertical axis of the chart helps in providing information on the prices of the FOREX whereas the horizontal axis represents the time period. The green candles are the representation of the advances of the currency and the red candles, on the other hand, represents the decline in the value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical line represents the wick. This chart helps the investor to forecast the future price movement of the FOREX. Charting systems In the mind of a few people, charts are the exemplary image of the trader’s speciality. The experienced eye can make ups and down. Charting is a questionable piece of the fund. Future research is probably going to reveal things about outlining that would amaze people today. All things considered, even individuals who eagerly restrict the training are ought to be acquainted with the essential techniques of charting.
FOREXCOM:XAUUSDEducation
by SMPTrader
GOLD: A 3 Pack Of Possibilities. But All Have 1 Thing In CommonSo if you are looking at my charts/posts and are expecting me to give you a trade, then you shouldn't be following me. But if you are following me to LEARN something, then you are in the right place. There are plenty of posters here who give you actual trades. But as they say, "you get what you pay for". So here, what I am posting for you is an example of why it is that wave counting is not an "exact science" but rather much more of just each person's opinion. That has always been the argument against wave counting as a useful prediction tool. But in reality, out of all the so-called indicators, it is the only one that actually can "predict" what is going to happen. It is forward looking. Not just backward looking. That is why all the traditional indicators such as Moving Averages, RSI, Bollingers, MACD are all "lagging indicators" because they can only tell you what already happened. They are not used to project forward. And if you are using it that way, I'm sure you are not having much success. So back to wave counting. Wave counting is based on the "human factor". What is that you ask? Let me ask you, what moves the market? Is it the news? Economic factors? Geo-political happenings? If you thought any of those things are what moves the market, then I would argue that you are missing the point. The ONLY thing that moves prices in the market is the buying/selling action of traders. Simple. That is all. Unless you are into conspiracy theories that is. Which I'm not. And if you are, then don't trade. Because you can't beat whoever it is you think is manipulating things anyway! Back to the point though. It is the trading action of traders that moves prices. Whether that be a small trader like yourself or the multi-billion dollar hedge fund manager or the HST algos, the buy/sell orders is what moves prices. Not the news itself. The trader's REACTION to the news and subsequent action to buy or sell is what causes the markets to move during news events. NOT the news itself! So what causes the trader to react and place a trade? One thing: emotions. Specifically, FEAR & GREED. Fear causes traders to close out positions and Greed causes them to place orders be it buy or sell. This is what is called the "human factor". Why is this important and how does it relate to wave counting, you ask? This might get somewhat too into psychology for you but if you can understand the human mind, you can understand the market, why it moves, how it moves, and when it moves. You see, there is one indisputable fact....humans are creatures of habit. We tend to do things the same way over and over and over again. Even if that thing we are doing is detrimental and not helpful. We do it again and again. Wonder why you always lose? Take a good, hard look in the mirror and see if you are trading the same way over and over again. I guarantee you will find a pattern to your trading. And if you are losing and you keep following that pattern, you will continue to lose. Insanity = Doing the same thing over and over again but expecting different results So back to wave counting....wave counting has been backtested ad infinitum. And the rules, laws and theories of wave counting are all based on repeating patterns over and over again. It has been found and proven that these repeating patterns exist and they work in definable, predictable waves. This is based on the what I just told you about humans....we are creatures of habit and do the same things over and over again and again. I already established that it is the trader's buying and selling that moves the market. And that buying and selling is based on human emotions and how we react to whatever the stimulus is whether its news or a technical pattern. Because most all the time, we will react in a predictable manner, that is what causes wave patterns to occur over and over and over again. Predictably. So back to my charts on Gold here. What you see are 3 possibilities of what the wave count could be as I see it. Some other wave counter may see something different. Beauty is in the eye of the beholder, right? One of the major criticisms of wave counting is exactly this, that there are almost always several possible counts so how can you rely on it? My answer? I don't rely on any single count. What I do is always look at several possibilities and when they all match? Well, that is when there is a good trade to be had. Of course, there are other factors that I take into account in my overall analysis so no, I don't purely rely on wave counting but it is one of the main analytical tools I use. So Gold....as you can see, the one thing all 3 of these counts have in common is that eventually, Gold is pointing UP! Take that for what its worth! Want to know more about Gold and other commodities? PM me or look at my sig box below.
FX:XAUUSDEducation
by EverythingForex
7
Stocks, Dollars, and GoldContinuing my look at currency value (see ), here's several ways of looking at "How much is that asset worth?" The green/red price bars are the S&P 500 . The green line is M2 money velocity , one measure of value and dilution of the US dollar. It's basically how many times our GDP could "buy" our money supply . It's interesting to notice how public sentiment about national debt aligns with this index. I'm not taking a stance on that policy, just noticing that shortly after a presidential campaign made had the public up in arms about national debt, the value of money, as measured by M2V, rose, as did the market. Conversely, shortly after a later campaign that had the public up in arms about government surplus, that same measure went down. The hypothesis I'm trying on is, does money velocity--the ratio of money to goods--and everything that says about the value of US Dollars correlate with trend changes in the equity markets? The market dip that started in late 2000 would put equity investors entering at that time in a loss they wouldn't recoup, if they stayed in the markets, until mid 2007. By that time, money velocity had been trending down for over a year, and very quickly the market dipped again, causing losses that a long-term position wouldn't recover until Q1 2013. So far, M2V seems a fair predictor of market turns, but this doesn't hold true after the 2008 crash of the housing and mortgage bubble. Money velocity continues down, but the market takes off. Some would argue that a bigger crash is setting up; others, that the correlation is meaningless. What's a safe investor to do? How about gold? I've added gold as the yellow line in the chart. This isn't the actual price (spot price) of gold, because I couldn't find that symbol on TradingView. Instead it's the nearest contract, the price traders think gold will have in the near future. I add gold to the chart because it's often seen as a safe haven against market and currency crashes, and because gold maven Adam Baratta writes about the sort of money supply issues I've written about in his 2018 book, Gold is a Better Way . It's an interesting (and very bearish) look at the equity and debt markets--just remember it's written by someone who sells gold and whose final words in the last chapter of his latest book are, in bold, "Buy Gold Now." What I'm asking myself is, if I've got a lot of retirement savings in equities and I'm getting nervous about the stock market, how do I play it safe for awhile? Notice how gold did better than the SP500 during the latest crashes. That sounds promising...until you look at how it also trended positively with stocks during their recoveries. If you're looking for a non-correlated asset, this doesn't look like it. Instead it looks like a way to miss out on whatever benefits current fiscal policy and market bias are giving--note how gold missed out on the S&P's gains once it was back at pre-2008 levels.
SP:SPXEducation
by bradobro
Gold, GDX & GLD: Correlated Markets Lead To BIG Profits! If you trade Gold, you must know that the GDX and the GLD are both derivative markets of Gold and are closely correlated since they both track aspects of Gold. So when either one of these move, then you must look to the other one's and see what they are doing, going to do or done already. They can give you precious clues as to what the other markets are going to do. In most cases, GDX and GLD are forward indicators of Gold itself. Why do I point this out? Well, what you see in my charts is my analysis of these 3 markets and you can see that they are all closely mimic each other. Now, I follow the mantra of "Trade what you see. Not what you think". That means I look at each chart by itself and not dependent on what any other chart is doing or projected to do. But when I analyze Gold, I also do look to GDX and GLD as well and see if my independent analysis of those markets agree with what I see in Gold. But VERY IMPORTANT to keep in mind is that NO MARKET correlate 1:1 to any other market. What that means is that Gold can move 100 pips while GDX might only move 25 pts. In any case, I'm showing you these trades that I took and issued out to my followers to illustrate this point. Just a tip for you the next time you decide to trade in Gold. Want to know more? Look below to my signature box or PM me.
FX:XAUUSDEducation
by EverythingForex
3
Figuring out approximate trading volumes....All data about CME futures is available on their site. Same with ICE, same with the euro indices future exchange(s). For the rest I hunted around the internet and tried finding several sources that said the same and made sure it made sense. ***** Currencies ****** All the forex pairs: I do not really know, but the volume is huge don't worry. EURUSD alone is maybe 1 trillion, the big minors a couple hundred billions . Instant fills low spreads etc. ***** Gold and Black Gold ***** Gold: CME futures volume are around 30 billion US dollars. But the biggest volume comes from the biggest financial center in the world: the city in London. Cannot tell exactly, but the average daily volume is around 150-250 billions dollars. There is probably just a few dozen bil elsewhere. So in total we can say we are in the area of 200 billion usd. Oil (WTI only): Looking at Nov contracts only, ICE + CME = Over 50 billion usd . So it is big. ***** Indices ***** DJIA: On the CME, E-mini Dow contracts get traded with a volume of a little over 150.000 contracts a day. Which means in usd terms 150k * 5 * 26666 = 20 billion. DAX: On www.eurexchange.com The dax futures for december got traded for a volume of 85,000. A future represents 25 euros per point, so I suppose 25 * 12250 (just like CME they are too stupid to give the volume in euro or dollar). So... 25 billion euros ? Or more? Plus the other contracts. Whatever it is getting on my nerves. It is big this is what matters. Really volatile good to trade. Top tier with EUR/USD. Probably the best indice to trade. S&P 500: Cannot tell, but on the CME the E-mini S&P 500 200 billion us dollar ermaghad. I knew it was popular. E-Mini Nasdaq 100 Future: 50 billion us dollar. FTSE 100 Index Future : 6 billion £. About 8 billion usd. I have to run backtesting on this chart a bit, I am not sure I really like it. Don't know well. CAC40 INDEX FUTURE : 5 billion euros. I do not really like that chart, and volume not that great compared to the really big ones. Euro Stoxx 50 Future : 30 billion euros. I do not care about the east asia indices, they move at night for me. I would have liked to trade the nikkei and CHN a share indice, but nevermind. ***** Bonds ***** Some are good, but I am just not interested. FX + a few indices + Gold + Oil is enough I do not want to be too much of a jack of all trades. So I am not checking the volumes. US10YR got a volume of over 100 billions thought. ***** Now, for the filth ***** Soybean futures: 5 billion usd for november contract. Wanted to trade this because that's what Jim Simons traded when he started XD But I do not like the chart this much. Screw it. Might be a good niche thing idk. High grade copper: 6 billion usd . Chart seems ok, but I am not sure. Plus spread is a little high for chasing small moves. It is not very much correlated to Gold. Bitcoin: According to coinmarketcap the volume is 4 billion usd (without Korea but they do not add that much). I wonder how much of this is wash trading also. Chart is really really bad. Objectively, I simply can not recommend trading this. Could be a niche, but 50 times more people are interested in Bitcoin that EUR/USD what a niche! It is sideways all the time, but word on the street most traders are range traders that "buy low oversold but sell high overbought" and fail over and over, according to some people I do not know I can trust that say they looked at a broker data. Here you have it. The really big stuff representing the world economy with huge volume is going to be a dozen forex pairs, gold, oil, bonds, big indices, and that's it. of course they all have very large volumes. Personally the really big volume ones are my favorite. I do not think volume is the sole reason but maybe I am delusional and that is the only reason? But I knew about and sometimes looked at the Dow Jones when I was a kid I did not even know you could buy and sell the stuff. It is there since the 19th century and I always like that one. CAC40 I heard about all the time on the french radio/tv. Of course one can do anything, trading tiny penny stock (there is a strategy that consists of shorting pump and dump as they fall), or trading orange juice, why not. Usually the niche stuff is more for people that work in that area or know it well, right?
Education
by MrRenev
Best intruments to short term trade: Looking at the spreads.Howdi fearless gamblers. Today/Tonight/Yesterday I want to post about spreads. I have spend some time calculating them, so I thought, why not share? It does not cost me anything and it has value to you. In what is best to short term trade, this is what you must look at (correct me if I am wrong): - The volatility: if it does not move you are not going to get anything out of it. - When are we open? Does it fit your time schedule? - Your personal preference. - The spreads: if you aim for 1% moves and 0.3% is going to the broker, you won't get very far... Of course, this is not very important for anyone holding trades over periods of several days or weeks. So this is what I have: Currencies All calculated with FXCM, it is around the same everywhere (decent). *** USD pairs *** --- Tier 1 --- EURUSD => 0,010% USDJPY => 0,010% GBPUSD => 0,011% --- Tier 2 --- USDCAD => 0,017% USDCHF => 0,017% USDMXN => 0,017% --- Tier 3 --- AUDUSD => 0,023% --- Tier no thank you --- NZDUSD => 0,027% USDSEK => 0,031% --- God Tier --- USDCNH => < 0,0075% *** Cross pairs *** --- Tier 2 --- EURJPY => 0,016% GBPJPY => 0,018% EURCAD => 0,018% EURNZD => 0,020% EURAUD => 0,015% EURCHF => 0,019% --- Tier 3 --- GBPAUD => 0,022% GBPCAD => 0,022% --- Tier no thank you --- AUDCAD => 0,027% GBPNZD => 0,025% EURGBP => 0,024% AUDJPY => 0,026% AUDNZD => 0,032% CHFJPY => 0,022% GBPCHF => 0,027% --- Tier lol dis a joke man? --- NZDCAD => > 0,045% The Forex moves I look at that happen in a few hours to maybe 2 days are 0.30% 0.50% 0.75% 1%. A spread of 0.03% is 10% of that 0.30% move. Futures --- Tier 1 --- Gold => 0,03% Moves twice as much as FX --- Tier 2 --- Copper => 0,11% Moves 3 times as much as gold, 6 times FX. Oil => 0,07% Moves a little more than gold I think? Maybe 1,5-twice as much. --- Tier lol dis a joke man? --- Silver => 0,30% TOO DAMN HIGH NatGas => 0,33% Moves alot, but still too high. Cryptocurrencies The volatility at the time is non existant for crypto but it will change so I am looking at it anyway, for the day this changes (I get spammed with alerts every day for FX and see moves over and over and over, crypto? Something I might see 30 times a month with FX I might see once a time with crypto. Just look at the charts.) So usually the commissions are the same for all, on Binance without BNB it is 0.1%. Crypto moves are 3% 5% 7.5% 10% etc (with bigger risk thought). On Kraken it is going to be more or less the same as Binance, it depends on your volume. On Bittrex Polo etc it is higher (unless it changed). If you are taker you got higher fees + a little spread. So if it moves 10 times as much as FX (when it moves I mean), you dive 1% by 10, BUT remember you will pay it twice (go long and take profit). So 0.2% / 10 = 0.02% Which places Crypto between Tier 2 and Tier 3. Same as a GBP pair or Copper. Copper moves as much as Bitcoin too or almost as. Pretty much you can trade either and have the same experience minus the sideways and armies of bagholders telling you what a fool you are for not accumulating with Copper. Indices I do not have the values with me but alot are super low, with DAX the lowest and NASDAQ second, maybe the euro thing too. The big indices are tier 1. UK and French ones I think are tier 1 too. The surprise for alot of people would be that Dollar vs Yuan is the one with the lowest spread. Every one is talking about how many pounds per pip and how many pips they take because they are obssessed with how much money they will make and really bad at math. That is not what matters. What matters is USDCNH has the lowest spread and is the most profitable thing to trade in the whole universe if everything else is equal. * It depends WHEN you look at USDCNH thought... At the time, I am fully focussed on trading FX perfectly before I move back to anything else. I only trade the tier 1 to 3 as well of course, as the mighty USDYUAN. So this is my watchlist and what I am trading at the moment, 16 of them: FX:EURUSD,FX:USDJPY,FX:AUDUSD,FX:USDCAD,FX:GBPUSD,FX:USDCHF,FX:USDMXN,FX:USDCNH,FX:EURJPY,FX:GBPJPY,FX:EURCAD,FX:GBPAUD,FX:GBPCAD,FX:EURNZD,FX:EURAUD,FX:EURCHF I really want to trade gold and copper again, but for now I am focussed on perfecting a new strategy (I already had one before but I wanted to master a new one... I cannot help it I am too competitive...). Then I will add Futures again, and then go look at crypto, which might have stopped being unbearably pointless by then. I think we get a mighty dump in the next weeks, but that will not mean the volatility is back, just a mighty dump a sharp bounce, and then back to boredom for months or even years. I am not interested in looking at stocks. Open a few hours a day with only the first and last hours being worth spending time on? Haha no than you! I would rather do macro economics and trade indices. I cannot be bothered with the latest FOMO news and this mighty stock that will make idiots millionaires GUARENTEED.
Education
by MrRenev
1
Broad market update: DeleveragingI think we might be about to see deleveraging in the market, judging by the action in the yen, together with Gold rising on falling $VIX, while $SPX peaks, but fails to advance further after $VIX fell slightly. I suspect mid term election woes plus all the barrage of bad news related to trade wars and other topics might push investors into cash. Personally I've sold all my holdings except for my positions in gold and $TSLA, and will look into rebuying once a bottom is clearly spotted in the broad market. For now, I will focus on determining if this thesis is correct, and if so, look into maximizing my gains in the gold rally that might emerge from here. Gold hit a monthly support level, got oversold, whilst being in a monthly uptrend and flashed a huge buy signal from the Commitment of traders report data, whilst the daily trend ended, forming a potential reversal setup. Risk/reward is optimal on the long side now. I will scale into the trend as we get more and more confirmation and other trend continuation signals later on. Targets for it are as high as 1550, if we confirm a monthly T@M signal eventually. Cheers, Ivan Labrie.
FX:XAUUSDEducation
by IvanLabrie
12
Bitcoin vs. Gold. "Ultimate Bubble" face off! + Soros Indicator!Who wins? Bitcoin is definitely the prettier of the two xD Some info: George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles ( link ), however didn't stop him from buying, first in 2010 ( link ) before the bubble burst and then later in 2016 ( link ). He sold off his gold after it peaked in 2012 ( link ) and then reacquired after it found a bottom in 2016. Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked. Look at the charts. What do you think? Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
FX_IDC:XAUUSDEducation
by RealMcafee
9
Japanese Yen mirrors GoldWhile trading, it is worth knowing that Japanese Yen closely follows Gold, both intraday and on bigger timeframes. Both instruments mirror each other. So, XAUUSD analysis are valid for USDJPY, only in reverse order, i.e. if XAUUSD will move up a few ticks USDJPY will move down the same distance. Safe trading! The chart above demonstrates this correlation. I chose Japanese Yen Index for that, which is nearly same as USDJPY in reverse, as in USDJPY Yen is a quote currency.
TVC:JXYEducation
by ICFX
1
Why Should We Say OUT OF FOREX and Same Stuff !When we look at the chart. We expect a strong rally or fall because of the price action. Price in the same areas so bollinger bands are squeezing. But !!! Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God. Life time and price is same.. So Stay away from forex and other leveraged and date expiry stuff. IF you wanna buy something. Buy it. Not forex. Because you buy it and have it put in a safe... Forex stuff will be in fire in a time later and you lose everything. Buy it like bar coin 1 kg sillver bar like that. Buy it put in your house. Do not burn your money. Good LUCK..
FX:XAGUSDEducation
by UnknownUnicorn467863
3