ICT Long setup EURCHF session trade and swing trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
EURCHF for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Session
ICT Long setup on NZDJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDJPY for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Session Trade Long setup NZDJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDJPY for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
QQQ, ICT Short Setup, small lot👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Short setup in
QQQ for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Long setup NZDCHF H1 chart👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCHF for session trade (a couple of hours)
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Ultimate Trading Strategy: Reaction to Supply and Demand Levels!🔍 Identifying Potential Buy or Sell Zones: In this step, you need to identify the zones that are likely to react and wait for the price to potentially reach them. ⏳📊
🌟 With the reaction to the first area, a buy trade is activated. 🌟
📝 Confirmations:
📉 Reaction to the expected area – Watch for a price movement hitting our anticipated zone!
🛠️ Formation of a combined hammer pattern – Look out for this powerful reversal signal!
📈 Formation of a bullish engulfing pattern – A strong indicator of upward momentum!
🔍 Trading Tips:
💡 High-risk stop-loss location:
👉 Place it below the candlestick pattern. At least twice the spread to ensure you're covered! 📏🔒
💡 Lower-risk stop-loss location:
👉 Place it below the expected area. Again, at least twice the spread for extra safety! 📏🔒
💰 Take-profit strategy:
👉 Base it on risk management mathematics, such as risk-reward ratios of 2, 4, and 6.
👉 Alternatively, observe reactions to past market areas, especially near important market highs and lows. 📊📈
🎯 Entry point strategies:
👉 Enter at the close of the confirmation candle.
👉 Or, set a limit order around 50% of the confirmation candle for a bigger volume opportunity! 📉📈
🌟 Buying in Two Phases: A Smart and Exciting Strategy! 🌟
🔹 Phase One:
When you reach a profit of twice the risk, exit the trade. Why? Because the Asian high has been hunted and the candlestick formed has a long upper shadow. 🌄💹
💡 Analysis:
The price hasn’t reached other zones yet and has risen in reaction to the first expected zone. Therefore, we expect a pullback and continued upward movement. 💪📈 So, I’ll place a second buy trade. 🚀💵
🔍 Confirmations for the Second Buy Trade:
A double bottom has formed, marked with an X. ❌❌
A small hammer candlestick has swept the double bottom. 🔨
A long positive shadow candlestick has swept the bottom and reacted to a small order block on the left. 🌟
💡 Tips for the Second Buy Trade:
Enter at the close of the long-shadowed doji candlestick or place a stop limit order above the long-shadowed doji candlestick. 📉📈
The stop loss should be below this candlestick. 📏🔒
🔹 Phase Two:
Next, the price has reached an expected reaction zone from where we expected a price drop. 🌐💡
🔍 Confirmations for the Sell Trade:
Reaction to the expected zone. 🔍
An inverse hammer candlestick reacting to the zone. 🔨
💡 Tips for the Sell Trade:
The entry point should be in a candlestick with a negative signal indicating a price drop. This hammer candlestick can indicate a decline. 📉🔻
The target can be a reward of 2 or the last price bottom. 🎯💰
The stop loss should preferably be behind the expected zone. 📏🔒
🔥 Important Points!!:
Since the price hasn’t deeply penetrated the zones, there’s a chance it might go higher or even mitigate this zone twice, ultimately turning it into a pullback for a further price rise. 🚀📈
Continuing on, the price reached the upper zone area.
We expected a price drop from this zone, but it reached at 03:15,
which is outside our trading session. However, we could have traded on it.
🔍 Sell Confirmations:
The price has reached the expected zone.
An inverse hammer candlestick pattern.
💡 Interesting Fact:
If you had placed a limit order around the midpoint of the previous two zones,
you would have profited by now. So, for this zone, you can also place
a limit order around 50% of it.
Continuing further, other zones have formed below that could be useful
for new trades.
✨ Successful Sell Trade Achieved, Reaching a Reward of 4 Times the Risk.
📉 During the session continuation, the trend line was broken, triggering an upward price pullback.
🔹 Now, at the beginning of the session, we have a new zone, likely a selling order placement area. We're taking the risk on this zone. This time, we can place the trade around 50% of it. 🚀💼
🔥 Alright, what's your take now? 🔥
🌟 Is the price reacting to this level or not? 🌟
🚀📈 or 📉💥
Where are the upper zones located?
What do you think? 🤔💬
ICT short setup GBPCHF Session trade and Swing trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCHF for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Short setup GBPCHF, session trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCHF for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Long setup intraday SOLUSDT👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in SOLUSDT for session trade (a couple of hours)
Weekly chart is in down trend!! So that you couid wait for a reversal to downside as a Swing Short trade after this upward pulse alternatively!
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Since an important news about USD is coming, so small lot then small risk!
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Short setup up GBPJPY & EURJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPJPY for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Short Setup AUDUSD👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Short setup in AUDUSD for scalping.
Please refer to the details Stop loss, FVG(Supply Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Long setup AUDJPY, London Session👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in EURUSD for scalping.
Please refer to the details Stop loss, FVG(Buy Zone), Supply Zone for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
ICT Long setup HK50, scalpingOur AI system detected that there is an ICT short setup in HK50 for scalping,
Please refer to the details Stop loss, Supply Zone(Sell Zone), TP 1 and TP2 for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
First HK50 Long entry in the year of dragon 2024!😊Quick Money: The Secrets of Successful Online Trading
👋Hey traders, are you looking for a hot tip on HK50 for the first trading day of the year of the Dragon to boost your profits?
The HK50 index is showing a strong uptrend in the 4-hour and 8-hour timeframes (D1 is in downtrend), indicating the first day in year of dragon 2024 still keeping a bullish momentum for the Hong Kong stock market. The index has bounced off two key support zones, which are:
- Support zone 1: Between 15150 and 15250 points, where the index found buyers on February 9 and 10.
- Support zone 2: Between 15470 and 15570 points, where the index reversed its intraday downtrend on February 14.
These support zones can be used as potential entry points for swing traders who want to ride the uptrend. The swing trade buy limit levels are marked on the chart below.
We also took advantage of the uptrend by executing a long entry for day trade in the morning session of HK50 at 15640 points. Our target profits for this daytrade are:
- TP1: 15790, which is the previous high of February 12.
- TP2: 15870, which is the upper boundary of the rising channel.
Our stop loss for this daytrade is set at 15440 points, which is below the support zone 2 and the lower boundary of the rising channel. This gives us a risk-reward ratio of more than 1, which means we are risking less than we can potentially gain.
⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
Gold opportunity On NFPGold is waiting for NFP to come as its consolidating under 1931 to 1820 level and we can see a potential to either side but possibly gold will fall to 1800 level that all buy orders will be settled under 1820 level and to run the market , market makers need the money and they will try hit SL of maximum traders under these levels so we will be seeing a potential downwards move that gold is not in any clear direction
We will consider gold on bullish side when it will break above 1931 level and put our order other wise our confluance is all set for sell
That the price is hovering under these levels the 2nd confluence is price is trading under 200EMA and no sign of revesal
When Is The Best Time Of Day To Trade Forex?The forex market, renowned as the world's largest and most liquid financial market, facilitates the daily trading of trillions of dollars. With its round-the-clock operation, forex traders enjoy the flexibility of trading at any hour. However, determining the optimal time to trade forex is a common query, particularly among novice traders. The answer hinges on several factors, such as market volatility, liquidity, and trading sessions. In this comprehensive article, we will delve into these factors and unravel the best times of day to trade forex, tailored to your trading style and preferences. Whether you identify as a day trader, swing trader, or long-term investor, understanding the optimal trading periods can enhance your trading strategy and potentially boost your performance. Join us as we delve into the world of forex trading and uncover the prime opportunities for executing successful trades.
What Influences Market Price Changes
Price changes in the market can be influenced by a range of factors, which can be broadly classified as fundamental or technical factors.
Fundamental factors encompass economic indicators like inflation, interest rates, GDP, and employment data, as well as geopolitical events such as elections, wars, and natural disasters. These factors have the potential to impact market sentiment and investor confidence, leading to shifts in asset demand and supply, ultimately affecting prices.
On the other hand, technical factors pertain to market trends, chart patterns, trading volumes, and key price levels. Technical analysts employ these factors to identify potential price movements and make trading decisions based on patterns and indicators.
Apart from fundamental and technical factors, changes in regulations, shifts in investor sentiment, and unexpected news or events can also trigger price fluctuations in the market. Being aware of these factors is vital for traders seeking to make well-informed trading choices. By staying updated and conducting comprehensive analyses, traders can potentially spot profitable trading opportunities and effectively manage their risks.
Types Of Trading Sessions
There are four primary trading sessions based on market activity timing: Asian, European, American, and Pacific. Each session has its distinct characteristics and offers unique trading opportunities.
Asian session: The Asian trading session commences with the opening of the Tokyo market at 7 PM EST (midnight GMT). This session is typically associated with low volatility, as currency pairs tend to trade within a narrow range. However, news releases from Japan, China, and Australia can introduce moments of increased volatility.
European session: The European trading session starts with the opening of the London market at 3 AM EST (8 AM GMT). It is renowned for its high volatility, often witnessing substantial price movements in currency pairs. This session is marked by significant trading volumes and liquidity, presenting ample opportunities for traders.
American session: The American trading session begins with the opening of the New York market at 8 AM EST (1 PM GMT). Similar to the European session, it is characterized by high volatility and large price fluctuations. The American session is known for its substantial trading volumes and liquidity, making it an active and dynamic period for traders.
Pacific session: The Pacific trading session commences with the opening of the Sydney market at 5 PM EST (10 PM GMT). This session typically experiences low volatility, with currency pairs often trading within a limited range. However, news releases from New Zealand, Australia, and Japan can introduce temporary spikes in volatility.
Understanding the unique characteristics and opportunities of each trading session is essential for traders to optimize their strategies and potentially enhance their trading performance. Traders should consider their individual trading styles and preferences when selecting the most suitable session for their trading activities.
How To Select The Best Forex Trading Time
Selecting the optimal trading time in the forex market is crucial for traders aiming to optimize their strategies and enhance their trading performance. Here are key criteria to consider when determining the best time to trade forex:
Market Volatility: Volatility refers to the magnitude of price fluctuations in the market. Higher volatility often presents more trading opportunities, as it implies larger price movements. Traders who prefer more active and potentially profitable trading conditions may seek periods of heightened volatility.
Liquidity: Liquidity refers to the ease of buying or selling assets without causing significant price changes. High liquidity ensures smoother trade execution and tighter bid-ask spreads. Trading during sessions with high liquidity is generally preferred as it reduces the risk of slippage and improves order execution.
Overlapping Sessions : Overlapping sessions occur when multiple trading sessions are active simultaneously. These periods typically exhibit increased trading volumes and volatility as market participants from different regions are actively trading. The most significant overlaps are between the European and American sessions, offering potential trading opportunities.
Trading Style: Different trading styles, such as day trading, swing trading, or long-term investing, have varying requirements regarding trading times. Day traders often focus on active sessions with high volatility, while swing traders may analyze longer timeframes and may have more flexibility in selecting trading times.
Economic News and Events: Major economic news releases, such as central bank announcements, employment data, and GDP reports, can significantly impact currency markets. Traders who employ a news-based strategy may prefer trading during these eventful periods to take advantage of price volatility.
Personal Availability: Traders should also consider their own availability and comfort levels when selecting the best trading time. It's essential to trade when you can dedicate sufficient time and focus to analyze the market and execute trades effectively.
Day Of The Week
Price movements in the forex market during the week are influenced by the psychological tendencies of large traders. Understanding these tendencies can help traders make informed decisions. Here's a breakdown of the typical price movements throughout the week:
Monday: Many traders adopt a wait-and-see approach on Mondays. This is because important news releases in Europe and the USA are relatively rare at the beginning of the week. As a result, the market often exhibits a flat or range-bound behavior.
Tuesday to Thursday: Volatility tends to be highest during these days of the week. Traders actively participate in the market, leading to increased price movements and trading opportunities. These days are generally considered favorable for trading as the market is more dynamic.
Friday: Towards the end of the week, some traders choose to secure their profits and avoid taking excessive risks. As a result, there may be movements against the main trend as traders close positions and prepare for the weekend. It's important to be cautious and consider potential reversals or countertrend movements on Fridays.
When analyzing weekly candlestick formations, it's common to observe longer shadows on Monday and Friday. These shadows represent price movements that occurred during these days. The movements from Tuesday to Thursday form the body of the candlestick and are often more significant.
Although volatility can vary throughout the week, it is generally not as significant as intraday volatility. Therefore, traders can often overlook this factor when trading forex.
Time Frame
As the time frame of your trading increases, the importance of selecting specific trading times diminishes. Here's a breakdown of the significance of trading time based on different time frames:
Up to H1 (Hourly Charts): When trading on shorter time frames, such as up to H1, it is crucial to align your trading activities with the trading sessions, significant news releases, holidays, and weekends. These factors can greatly influence market behavior and volatility during shorter time frames.
H4 (4-Hour Charts): On the H4 time frame, only two 4-hour candles are formed during a single trading session. While the importance of selecting specific trading times during the day decreases, it is still essential to consider the timing of important economic statistics releases. Entry points in this style of trading are less frequent compared to shorter time frames like M5 or M15, requiring traders to assess market conditions 3-4 times a day.
D1 (Daily Charts) and Higher: For traders using daily charts and higher time frames, the schedule of trading sessions becomes less significant. Instead, focus on key news release dates and holidays. Traders typically assess market conditions once a day, and trading signals appear at the close of the daily candle.
It's important to note that these recommendations mainly apply to the forex market. When trading stocks and commodities, it is advisable to follow the exchanges where the highest volume of the respective assets is traded.
Economic Calendar
In forex trading, it is generally sufficient for traders to consider the standard economic calendar. This calendar provides the dates of major macroeconomic statistics, and a filtering system can help identify news with higher significance.
One particularly important day to note is the first Friday of each month. This is when the Nonfarm Payrolls report is released, revealing the number of jobs created outside the United States agricultural sector. This report is widely regarded as one of the most crucial economic indicators in forex trading.
For stock market traders, it is important to be aware of the dates of quarterly reports and ex-dividend dates. Quarterly reports can potentially lead to market turbulence, and the ex-dividend date marks the formation of the shareholder register for dividend payments. Traders often observe a dividend gap following the ex-dividend date.
By paying attention to these key dates and events in both the forex and stock markets, traders can enhance their decision-making process and adjust their strategies accordingly.
Non-working days
Non-working days in financial markets can be classified into various categories:
Global Holidays: These are holidays that are celebrated worldwide, such as New Year's Day, Christmas, and Easter. During these holidays, financial markets across the globe are generally closed, and trading activities are halted.
Local Holidays: These are specific holidays observed in individual countries or regions. Examples include Independence Day in the United States or Labour Day in various countries. On these days, the local financial markets may be closed, affecting trading activities in those specific regions.
Force Majeure Events: In rare circumstances, trading may be paused due to unforeseen events such as terrorist attacks, natural disasters, or extreme market volatility. Stock exchanges may choose to suspend trading for a few days to assess the situation and ensure market stability. However, forex trading typically continues uninterrupted during these events.
It's worth noting that even when there are local holidays, forex trading remains open. However, the liquidity in the market tends to be lower, resulting in reduced volatility. As a result, trading during such periods may be less feasible or may require adjustments to trading strategies. Holidays in the United States and Europe, in particular, can significantly impact trading sessions due to the size and influence of these markets.
The Best Time To Trade Forex : (For Beginners)
As a beginner in forex trading, understanding the optimal time to trade currency pairs is crucial for maximizing profits and managing risks. Here are some important considerations to help you navigate the forex market effectively:
Focus on High-Volume Sessions: Trading during the European and American sessions is recommended because these sessions have higher trading volume and liquidity. Increased activity in the market can provide better trading opportunities and narrower bid-ask spreads, which can be advantageous for beginners.
Exercise Caution during the Asian Session: The Asian session is generally characterized by lower volatility and liquidity. While certain currency pairs tied to the Australian and New Zealand economies may exhibit more activity, beginners are advised to approach the Asian session with caution due to the potential challenges in finding favorable trading conditions.
Monitor Economic News Releases: Economic news releases can significantly impact currency prices and create market volatility. Stay informed about key economic indicators and their release times, as this information can help you identify potential trading opportunities. Consider trading during periods of news releases to take advantage of increased market activity.
Trade Major Currency Pairs: Major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, tend to be more liquid, stable, and widely traded. These pairs offer greater accessibility and can provide a more favorable learning environment for beginners. Trading major currency pairs allows you to focus on well-established trends and reduce the impact of unexpected price swings.
Utilize a Demo Account for Practice: Before risking real money, take advantage of demo accounts offered by forex brokers. Practice trading various currency pairs and familiarize yourself with different trading sessions. This will help you gain experience, develop your trading skills, and refine your strategy without incurring any financial risk.
By following these guidelines and continuously educating yourself about the forex market, you can enhance your trading knowledge, gain confidence, and increase your chances of success as a beginner forex trader. Remember to adapt your approach as you gain experience and always manage your risks effectively.
Conclusion
In conclusion, the optimal time to trade forex is influenced by various factors, including market volatility, liquidity, trading sessions, fundamental and technical factors, and personal trading preferences. By considering these factors, traders can make better-informed decisions and improve their trading performance. It is important to stay updated on market conditions, understand the characteristics of each trading session, and adapt trading strategies accordingly. Additionally, traders should consider the impact of economic news releases and be aware of the time of day and day of the week when planning their trades. By taking a comprehensive approach, traders can enhance their chances of success in the forex market.
GBPNZD SHORT TRADE AFTER ASIAN SESSIONOn GBPNZD, we have a bearish setup this morning after the Asian session, where the price has formed a supply zone in H1 and a subsequent highlighted orange value gap. In that area, we anticipate a potential price reversal with a downward movement towards the demand just below the 2.05957 level. We would appreciate it if you could share your opinion with us. Greetings from Nicola, CEO of Forex48 Trading Academy.
AUDUSD Short or Long?On this pair, I have highlighted a very strong demand zone at 0.6570 - 0.6580. At this point, there is a possibility that the price will create an area to use as an entry point for a short or long trade. However, the possibility of a long trade does not exclude that of a short trade. Remember to look at both directions and never focus only on one perspective.
Let me know what you think.
Good trading to everyone, bye.
NZDCHF long setupOn NZDCHF we have a bullish structure that broke a supply zone at 0.5480 and is now at 54.90 where the price is continuing to bounce on a new supply zone. The price has made false highs on this zone and within this supply, it has made a demand zone that I used to open a long trade with a target RR of 1:4.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
EURGBP FINALLY A SHORT TRADEOn this pair, I have noticed that the price, after a bullish run, has started to bounce on a demand zone that has been present since March. My goal will be to wait for a price retracement within a mini supply zone that I have highlighted in red called POI and then set a short trade.
Let me know what you think.
Have a nice trading!
Forex48 Academy