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Priceactiontrading

Gold May not stop before $1975.Gold is on fire and aiming to test its near-term swing high zone of $1970/1975. Gold's near-term support 1930/1932. As long as above $1930, it is possible to test the $1970/1975 price zone. Fundamental, technical, and market sentiment still suggests more upside bias. But we may see some correction at the $1970/1975 price zone. On the other hand, if xau/usd breaks below the $1930, it may test its another trendline support level of $1900/1910 price zone. I remain bullish on gold-based of all three types of analysis. But of course, remember profit-taking factors and overbought conditions of gold.
TVC:GOLDLong
by Gold_Trading_Expert
US30 Analysis (Daily Timeframe)Last week US30 tanked with the news regarding the Russia vs Ukraine situation. At the end of the week the market rejected 32250 and had a strong bullish retracement. Even though this was a strong rejection I am not in favors of the bulls just yet, because price is currently closing below the 200EMA which is a key indicator in identifying the trend. If price rejects the 200EMA and forms resistance after printing a bearish candle, I will be looking for sell opportunities to possibly retest the low that was created last week. But, if price pullback to form support and creates a higher low from the rejection wick, then this will confirm more bullish momentum. Waiting to see how price reacts throughout the week with a true trend direction identified by the end of the week. Keep in mind that there are a few important news reports regarding the economy this week which will bring volatility to the markets. 1.Price is in a bullish trend. 2. Market structure was broken here, but price has closed back into this range. 3. Price has closed below the 200 EMA (which is great indicator for identifying the trend) if price rejects, this is a great indicator for a bearish continuation. 4. Price did have a strong wick rejection from 32250, but I think price may retest this low since price is now closing below the 200EMA. If we form resistance and reject the 200EMA, price can definitely continue bearish to retest the lows
U
by dreadhead4_life
2
Characteristics of Price Action TradingHey Guys! I know price action trading can be somewhat a mysterious and confusing style of trading. So I just wanted to jot down the basic characteristics of price action trading to help clarify this ambiguous trading style. #1 Price action trading only uses price action to make trading decisions. No indicators, fundamental analysis, intermarket analysis, etc... Just price alone will do. #2 The Price action trader "Reads" naked price ( using candles, trendlines, price patterns, distinct ways that price itself fluctuates) to predict how much future long/short strength there is in a asset and makes trading decisions. #3 To the price action trader, misanalysis is never the fault of price, fundamentals, or any other analysis method. The fault is always on the price action trader's misinterpretation of price. #4 Price action trading techniques can be directly applied to any time frame, thus can be used for any style of trading. Long term/Swing/Day Trading. Moreover can be applied to any asset class.(though some techniques must be tweaked somewhat.) #5 The price action trader does not require a logical understanding of "why" price moves in a given direction. They have the mentality that if it works, there is no reason or need to explain it. #6 To the price action trader, current price is more valuable than past price in terms of analysis. So what happens closer to current price has more weight in the analysis process. Thus must watch current price and cannot just buy /sell and let a higher power take the wheel. That's it! Hope this clarifies price action trading a little! Have a great day guys! Ken
Education
by TradingForexPriceAction
3
ICT Market Maker Sell ModelFirst you must have a clean consolidation which you are anticipating that it will be taken once market come up. Secondly you must have an old low Significant OB which market is chasing it(magnetic) and you know that after market taken out that old low then it will reverse quickly to come up to attack your consolidation. And finally you will investigate if you have any bearish SMT divergence that will give you a confidence that market will chase that old low
Education
by huntingtheflow
4
How to trade Bullish Momentum Here's a tutorial on how to trade bullish channel using price action. So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish channel. As soon as price breaks out the channel resistance with a strong candle we'll entry in trade by keeping the stop loss as recent swing low and channel high as our take profit.
BINANCE:BTCUSD.PEducation
by tredstock
2
Gold Analysis 1H TFGold has found support in this range where the previous breakout happened. This could be a strong demand zone, but won't be confirmed until we break and close above resistance at 1917 1.Price trended bearish today to retrace yesterday nights' bullish run 2. Price has retested this major level of support and failed to close below 3. Price has rejected the 200EMA which indicates a possibility for a continuation for bulls 4. There could be a minor pullback as price approaches this resistance. 5. If there is a break and close above 1915.50 it can continue going bullish due to the fundamental analysis
OANDA:XAUUSD
by dreadhead4_life
Price Action Definition #2Price Action Definition #2 Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank You Price Action Trading Is My Way Of Trading... And I Just Wanted To Share Some Information On This Great Trading Style Of Trading The Markets Using Past Historical Price Movement And Data As A Price Action Trader It Is Crucial That You Learn To Read & Understand What The Candlesticks On The Chart In Front Of You Are Saying. You Need To Remember That The Market Leaves Clues And These Clues Are Somewhere Hidden In The Chaos / Confusion And Noise Of The Market... Price Action Is A Form Of Technical Analysis... And It's Main Focus Is On The Relationship Of A Market's Current / Recent And Most Importantly Past Price Action / Price Movements When It Comes To Price Action... The Candlesticks And Bars That Are Printed On The Charts Help To Play A Very Important Role In The Market And Also In Your Interpretation Of What Is On The Charts. You Need To Also Remember That Second-Hand Indicators And Price-Derived Indicators Are Especially Not Needed When Trading With Price Action And Your Specific Price Action Trading Strategy. Think Of Those Printed Candlesticks On The Charts As First-Handed Market Data Price Action Trading Analysis Gives The Trader The Opportunity To Make Sense Of What The Market's Price Movement Is Trying To Convey Through Patterns Or Price Action Signals And Price Action Setups... This Is Why When You Are Trading With Price Action... You Must Have A Proper Price Action Trading Strategy That Has Been Previously Tested And Approved... There Are Many Many Price Action Strategies Out There... You Just Need To Pick One - Learn It - Study It - And Understand Its Function And Process, And Most Of All Master It. You Must Master Your Strategy... It Is Very Important That You So. As A Price Action Trader... You Should Generally Be Concerned With The Last 3-6 Months Of The Market's Past Historical Price Action Data. Last But Not Least... You Need To Remember That All Of The Price Action And Market Data That You See On A Chart Is A Result Of The Minds / Emotions And Attitudes Of Traders / Investors And Anyone Participating In The Everyday Cycle Of The Market And The Economy... Hope You Enjoyed This Lesson... Please Stay Tuned For The Last And Final Part Of This Trading Lesson
Education
by UnknownUnicorn33425005
Price Action Definition #1Price Action Definition #1 Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank You Price Action Trading Is My Way Of Trading... And I Just Wanted To Share Some Information On This Great Trading Style Of Trading The Markets Using Past Historical Price Movement And Data Price Action Trading Is A Style Of Trading That Utilizes Price Movements Across A Specific Time Period Price Action Traders Base Their Trading Decisions Off Of Price / Market Movements Rather Than On Market Indicators Price Action Trading Ignores Other Means Of Analysis Such News / Economic Events And Fundamental Analysis That Tend To Influence The Movements Of The Markets Price Action Traders Use Raw Price / Market Historical Data To Help Them Predict Future Price Movements And Market Direction. This In And Of Itself Is A Form Of Technical Analysis As A Price Action Trader... your main concern is to know how to Read And Understand the movements of the Market. A Price Action Trader ignores all the fundamental factors that tend to influence the movements of the market. Price Action Traders solely rely on Price Action Data And Past Historical Market Data to help them predict future Market Movements And Direction. Price Action is the Movement Of Price And How Price Changes... which is the "Action" of price. Price Action is much easily observed in markets with High Liquidity And Volatility. But any market where anything is Bought Or Sold will most certainly produce some kind of Price Action Price Action Is A Great Way Of Trading... It Has Been Around For Many Many Years And Has Been Used By Many Many Traders All Over The World For Many Decades... As The Saying Goes... PRICE ACTION Is King
Education
by UnknownUnicorn33425005
1
Gold: What does it mean for the Russia-Ukraine conflictFundamental View: After a long six months or more, gold finally broke through the trendline resistance and climbed to the previous high. Last week, a large number of days of significant trendline resistance erupted at the same time. During the previous two years, the Coronavirus has been a source of concern, and gold prices were supported. As we have seen in recent months, the US economic data have been perfect, and the Federal Reserve will hike interest rates beginning in April. So, why isn't the price of gold dropping as a result? This is something that those who follow fundamental analysis have come to grasp by now. Increasing demand for gold as a safe haven is mainly due to the Russia-Ukraine situation, which brought with it the inflation problem is still present, and to the coronavirus problem, which has been supporting the gold price for the past two years. In general, the rise in the price of gold was expected and expected. The question now is whether or not Russia will attack Ukraine. And what, exactly, will be the outcome? Only China and some countries are supporting Russia in Ukraine issues but the entire European and American community is not. President Biden and Russian President Vladimir Putin chatted on the phone for more than an hour on Saturday. As predicted, we have not yet received any additional information. America is also posing a threat to Russia. If Russia attacks Ukraine, the United States will first take will impose tough economic sanctions on the country. As a result, it may have been forced to dig into its vast gold reserves to keep its currency stable. As a result, I'm being extra cautious in that regard. And it will help gold prices to go higher. On the other hand, oil and gas prices are expected to surge. This would significantly shock inflation expectations in the United States and Europe, resulting in rates rising aggressively and bonds collapsing. As a result, gold is considered a safe refuge. On a technical level, because gold has broken free of trendline resistance and surged to its previous high, it is now widely accepted that the metal is headed for a long-term buy. However, even if we study the market technically, we must first determine why gold breached the trend line in the first place; if this problem is resolved, the market will remain in its current form, but it will continue. We must not forget this. However, as long as the problem is still present, as long as the issue continues to exist, we can put it in bye mode at each breakout session, if necessary. However, what should consider the news. Technical View: The present $1853/1845 is identified as trendline support as gold price breaks and stabilizes above the previous trendline resistance. So, as long as the gold price is above the trendline resistance, gold will be considered an uptrend. The first target to the upside is the $1870/1875price zone (previous swing high zone). Breaking above $1875 will open the door for the $1900/1915 rice zone. On the other hand, if the gold price breaks below the trendline support again and below $1845, it may test its trendline support level of $1815/1810 price zone again.
TVC:GOLD
by Gold_Trading_Expert
2
Price Action Lesson: The Basics of How to Read Price Part 2Hey Guys! As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731. So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being. In this Price action lesson, I just wanted to briefly explain how I read price in order to take the short entry yesterday. Moreover, why I was able to take the short position "comfortably" even though price pulled back to 3 pips to the stop loss level. That's it! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1
Price Action Lesson: The Basics of How to Read PriceHey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B". So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable. Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market. Ok! I hope this helps guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1