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Moneymakers

GBPJPY 1hr chart UPDATE 7/23/22We have GBPJPY on the 1hr chart we have a break of structure (BOS) around the level of 164.752 making it a great for us to have the supply area around the level of 165.100 since that's from the red candlestick broke the structure. Meaning we clearly see a zone that hasn't been retested. For the support I took in consideration the point where we see it gets rejected which would be around the level 163.00. We ended the week with an engulfing green candlestick that closed at the level of163.400. I personally like setting my SL right under that lowest wick giving it enough space just in case it wants to pick up more orders from the lower level. On this trade I will be looking for a 2.5 risk/reward, I will be looking for around 1400 pips which is all the way until the supply area and for my SL I have it at 500 pips just around the lowest wick. And just as another indicator we also have the MACD which is telling us the sellers are losing momentum confirming us that we have the buy opportunity.
Long
by Juliansd
2
7/16/22 EURUSD Daily chartWe can clearly see we have a big downtrend going on with EURUSD on daily and it's respecting the channel it has created making new lower low levels. We have the supply area around the level of 1.03926 which from there we can see a big push towards the new lower level at 0.99545 and which we have been seeing a consolidation in the past week making it our support area. The week ended with a good green candlestick engulfing the previous red one we had, making it a really good confirmation of a possible reversal towards the supply area. We also have the indicator MACD which is confirming us that sellers are losing power giving it an extra boost for the pushback towards the supply area.
Long
by Juliansd
bearish sushi well my first TA actually came out correct which i'm happy about. with sushi right now i believe that we will touch that next green line on the bottom then break up. if that doesn't happen and we break past that green line I think well be in a hell of a ride probably going down to next support which to be honest i haven't checked, BTC will also play a big role in price prediction so be on the look out for that, if BTC breaks past 46 expect a really bearish market if it breaks higher than 48-50 i think we'll be good. I hoped this helped someone decide whether to buy or not. Merry Christmas and I wish great profits on all of you!
FTX:SUSHIUSD
by nathanilc
How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time. As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here "NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT" In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here " WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS" In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL" And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
Education
by FX_Elite_Club
2
Trend Line & Channel Trading : Where to enter, Where to exit trend line trading seems so obvious and easy, many consider so basic. in this video i am showing you that it is an art and still have many points to learn to make sure your trade will win. trendline trading : 1- the trend didn't end as long as you are having a h.h & h.l or l.h & l.l 2- when the price touches the trend is where you enter your trade 3- look for a price action candle stick each time you trade the trend line 4- price channels also can be used to trade against the trend direction if you have any questions right to me in the comments and i will answer them directely
TVC:DXYEducation
by FX_Elite_Club