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🧿How to be a Trader, not a Gambler⛔Hi. ✅Using technical analysis and fundamental analysis at the same time: By combining technical and fundamental analysis, you pay attention not only to the patterns and behavior of price action traders in the past, but also to the fundamental and economic factors that act as the driving engine of market movements (macroeconomics). Together, these two approaches provide greater ability to understand market fluctuations and also create a harmonious relationship between charts and economic factors active in the market, allowing you to determine more effective entry and exit points and make your decisions using Take a more comprehensive and principled view. ✅Mastery of a strategy A strategy for a trader is like a guide to a lost traveler. A trading style helps you stay on track and achieve your long-term goals. With the strategy in sensitive market conditions, you will not get confused and incur irreparable losses. You also analyze your transactions more accurately. There are different strategies in forex, but it is better to have a strategy that you completely trust and that is very efficient and profitable. ✅Accuracy of transactions with risk to reward greater than 1 : A gambler doesn't care when it's the right time to enter a trade. Sometimes the markets do not have the conditions to enter into the transaction and they do not give you a good reward for the risk. Once you have analyzed the market as a professional trader and your entry triggers are activated, you actually have to wait until you can implement the rules of capital management. In these cases, you should watch until the market gives you a risk to reward of 1 to 2 or 3 and the entry is allowed. ✅Capital management As a trader, it is necessary for you to have risk management in trading to preserve your capital. Not using capital management may empty your entire financial account. Gamblers do not care about capital management and they may invest their entire assets in one trade. Therefore, it is better to determine the amount of your loss in each trade and exit when the trade does not go according to your expectations. Of course, loss is an inseparable part of the trading system; If the loss is small, a lesson will be learned from it and it will be helpful in the future. 🔔In the end, regardless of the above, like a gambler, your percentage of success versus loss is 50-50 in each trade, but if you follow the above, you can increase your win-to-loss percentage. __ _______ _____ _________ _______ ______ ______ ______ ______ _____ _________ ________ ❤️If this text was useful for you, please like it and share it with your friends
BITSTAMP:BTCUSDEducation
by CobraVanguard
SP500: Pullback before the big Bull Run towards 4700!Essentially, the session of the U.S. stock market index was relatively flat, hovering close to previous values and closing with a modest increase of 0.06%. The start remained stable compared to the previous day's close, with subsequent movements within a trading range throughout the entire session and an improvement towards the peak reached at 4,560.3. Presently, the short-term analysis of the Standard & Poor's 500 index indicates a decisive upward trend, with a identified target at 4,574.4. In the event of a temporary physiological correction, the immediate target is seen at 4,529.1. However, expectations are leaning towards a further increase in the curve, reaching a maximum of 4,619.8. Anticipations include a slight pullback towards 4,400 after an impressively strong bull run, followed by a resurgence towards 4,700. I anticipate a retracement within the median of the bullish channel corresponding to the 0.38% Fibonacci level. Share your thoughts; I would be enthusiastic to hear them. Best regards and have a great Sunday from Gaia.
SP:SPXLong
by UnknownUnicorn67331274
2
Gold Price Trends and Federal Reserve InsightsThe downward trend in gold prices persisted after the opening of the U.S. market, with XAU/USD holding near $1,940, marking a four-week low. Despite subdued demand for U.S. dollars, gold is set to conclude the week with significant losses. On the daily chart, there is a new attempt by bulls as the XAU/USD pair seeks to surpass the 23.6% Fibonacci retracement level of the ascent from $1,810.41 to $2,009.34, currently positioned at $1,962.20. Examining the 4-hour chart, XAU/USD faced selling pressure around the downward 20-period SMA, slipping below the flat 100-period SMA. A rise above this indicator could stimulate buyer interest, leading to further intraday gains. Meanwhile, technical indicators on this time frame are pointing upward within negative levels. The U.S. dollar initially showed strength in the first half of the day but reversed course after the U.S. market opening. Consequently, XAU/USD bounced from the weekly low of $1,944.71 to trade above $1,960. Richmond Federal Reserve Bank President Thomas Barkin provided an optimistic assessment, describing the economy as "notably" healthy and acknowledging progress in addressing inflation. However, he emphasized that the task is not yet complete, citing persistently high inflation. Barkin also expressed the opinion that an economic recession might be less severe than past recessions, highlighting a more balanced labor market. In a separate event, Atlanta Federal Reserve President Raphael Bostic reiterated that the full effects of recent policies are yet to manifest. Let me know what you think, have a great day from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
2
EUR/AUD BULLISH AND BEARISH SETUPSOn EUR/AUD, we have a bearish setup following the overnight Australian Dollar data. Currently, there are two setups: Break of demand zone with a retest of the same before continuing short towards 1.63. Retracement in the 1.6540 area, where we have a Fibonacci Vertical Grid (FVG) and a Forex48 block. The latter represents a potential zone for a short entry. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
USDCAD Finally is It ready for a long?On USDCAD, we have great long potential, given the strength of the dollar, which is gradually rising. There will be inflation and GDP data released this week, so we may see some dollar increases between Wednesday and Friday. In this analysis, I have identified a possible long entry point at 1.3340. Please note that this is a setup defined through the Forex48 strategy. Take Profit for a long trade will be at 1.35. Let me know what you think. Happy trading, everyone. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
Top Pullback Trading StrategiesTop Pullback Trading Strategies In this article, we will be discussing some of the most effective pullback trading strategies that can assist forex traders in identifying ideal entry points that align with the current trend. These strategies enable traders to take advantage of short-term price retracements, allowing them to navigate the volatile currency market with greater ease and profitability. What is pullback trading? Pullback trading refers to the practice of capitalizing on temporary price retracements or surges within an existing uptrend or downtrend in the forex market. These fluctuations in price typically occur over a brief period and do not interrupt the prevailing trend. Traders can leverage pullbacks by entering positions when the currency pair's price approaches its support or resistance level, enabling them to profit from upward or downward market movements. Discover the Top Pullback Trading Strategies for Forex Traders Moving Average Strategy The Moving Average (MA) strategy is among the most widely used techniques for identifying pullbacks in an ongoing uptrend. This technical indicator calculates the average price of a currency pair over a specified timeframe and compares it with the present price to ascertain market behaviour. In an uptrend, when the current price of the currency pair is significantly below its average price, it suggests that a short-term dip is likely to occur and provides a signal to enter long positions. Conversely, in a downtrend, if the current price of the currency pair is significantly above its average price, it implies that a short-term hike is probable, indicating the need to enter short positions to profit from a subsequent market downturn. Trendline Strategy Trendlines play a crucial role in identifying the direction of a trend in forex. Connecting three or more high or low price levels creates an uptrend or downtrend trendline, respectively. When trading pullbacks with trendlines, traders look for higher high price levels followed by higher low price levels, indicating a temporary dip in an ongoing uptrend. Alternatively, traders can enter short positions with trendlines showing lower low price levels followed by higher low price levels, signaling a temporary hike in an ongoing downtrend. Traders can enter long or short positions with trendlines at the third, fourth, or fifth high or low price level, as these levels confirm the prevailing trend and signal the optimal entry point in the forex market. Breakout Strategy The Breakout strategy enables traders to enter the market immediately after currency pair prices reach their support or resistance level and subsequently move above or below it, respectively. Breakouts represent opposing movements to the prevailing trend, providing opportunities to enter the market during temporary reversals. In an uptrend, when the currency pair price briefly touches its support level and contracts, a breakout signals a pullback in the trend, providing a signal to enter long positions and benefit from rising prices. Conversely, in a downtrend, when the currency pair price briefly touches its resistance level and expands, a breakout signals a pullback in the trend, providing a signal to enter short positions and benefit from falling prices. Fibonacci Retracement Strategy The Fibonacci Retracement strategy determines the optimal levels for entering the market during an uptrend or downtrend. Using Fibonacci levels, traders can identify the ideal support and resistance levels, based on which they can decide to long or short the market. This strategy utilizes Fibonacci retracement levels, which indicate how much currency pair prices are retracing before continuing in the prevailing trend direction. During a downtrend, lower Fibonacci levels, such as 23.6% and 38.2%, suggest that the markets have not retraced significantly, enabling traders to identify the ideal resistance level (representing a temporary pullback hike) and signal short trades due to the expected continuation of the downtrend. Conversely, during an uptrend, higher Fibonacci levels, such as 61.8% or 78.6%, indicate that the markets have retraced extensively, helping to identify the ideal support level (representing a temporary pullback dip) and signal short trades due to the anticipated continuation of the uptrend. Additionally, during an uptrend, lower Fibonacci levels like 23.6% and 38.2% suggest that prices are approaching the resistance level, which may break above this level, signaling traders to place long orders and benefit from the ongoing rising markets. On the other hand, during a downtrend, higher Fibonacci levels like 61.8% or 78.6% indicate that prices are approaching the support level, which may fall below the support level, signaling traders to place short orders and benefit from the ongoing falling markets. Trade forex pullbacks and identify ideal entry prices In forex trading, pullbacks can help traders pinpoint the optimal entry points for both long and short trades. By identifying temporary dips or hikes in currency pair prices during an existing uptrend or downtrend, traders can take advantage of short-term trading opportunities without missing out on potential profits.
PEPPERSTONE:XAUUSDEducation
by FOREXN1
13
Master's way to use Fibonacci ToolHello traders and dear followers! I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you. 1. A strategy that can predict the Target perfectly. 2. At the same time strategy should predict the next drop. 3. Plus strategy should also guide you through every up and down before reaching your target. LOL We will only use the Fibonacci retracement tool and you can select Fibonacci tool from the Tool column on your left and it's inside the third option. To make it your favorite toll hit the star button. In this strategy, you just have to find a chain of bullish candles. A chain should be of at least 3 or more continuous bullish candles and after that look for the first bearish candle and that's the first step. Now look at the chart it's W1 btcusdt candlestick chart. If we see from 14-dec-2020 there is a set of 4 continuous bullish candles. Start the Fibonacci toll from the bottom of the bullish candle and put '0.618' Fibonacci level at the point where the first bearish candle is closed. Now Fibonacci '0' level is your target. We can see BTC hit the Target and then drop. It's simple as that. Let's move to the second example The second example is the ethusdt D1 chart. In this chart, there are 2 examples. The first one has 4 continuous bullish candles and the second one has a set of 5 continuous bullish candles. I started the Fibonacci Retracement tool from the start of bullish candles then set my Fibonacci '0.618' level at the point where the first bearish candle is closed and '0' is the Target. We can see ETH has already achieved both targets. In the first case of ETH it dropped after completing the target and the current one is still live means it is ready to drop soon. You can use this tool in any timeframe. At the beginning I gave 3 points and above you saw it complete target which was my first point and all dropped well after completing the target which was my second point and for the third point set these Fibonacci pairs the same way in any pair in 4hr or above timeframe than after that change the timeframe to 15/30/1hr timeframe and you will be amze to see how perfectly Fibonacci levels are respected. If you want more just hit the like button and follow to stay connected.
Education
by Aadil1000x
14
US30 ENTRIES+EXIT Another potential triple digit pip opportunityUS30 chart from Sunday has already hit tp1 (sell) for more than +100 pips and then another opportunity to enter for a buy at support for another +400 pip opportunity. As you can see my previous chart from US30, my support and resistance zones are very accurate as do with my other charts. I recommend as for starters to start off with a demo so that you get familiar with my strategy. Simple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains. US30 hit for more than 200 pips from last week's chart. Look on my 'about me' or my bio for more information if you want to know how this works. Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south
U
by HustlersCircleFX
1
Who wants to trade like this now markets are back open ❓💲Hello fellow traders Quick idea as the markets open up for the week I just wanted to show you all how I traded GBPUSD last week. I am working the 30M time frame here using our 'EDGE' strategy. As you will see from the chart there was four trades last week on this time frame and three were winners! 138 pips banked. Our strategy is a follow trend strategy and can be used on any time frame but also with any instrument. The strategy sits in your tradingview and when all confluences are met a simple alert appears on the chart. At this point we enter the trade. When an alert presents all the trade information is presented too, take profit target, stop loss, entry points etc. The confidence in the way we trade comes from the built in strategy tester. This enables us too back test the way we intend to trade. No one can predict the future but this is a great marker on how trading a pair could perform going forward. The strategy tester data for this pair can be found at the foot of this idea. The data is based on £5000 starting capital and risking 2% a trade. Data shown is tested from Jan 2020 to present time. The strategy tester shows gains from trading this way along with, win rate, number of trades and draw down. Feel free to press the sub menus and in doing so you will see a performance overview and all 409 trades individually logged. All of the above allows our traders to trade with confidence and emotions firmly in check. For any more information on the strategy shown please feel free to drop me a message.
Education
by RichScott
Hard to break 9500~9600 without an increasing of bullish volumeYesterday, i told that the resistance around 9200 is not easy to break, however, the price pumped slowly with a low level of bullish volume. The response of bulls are quickly, it's out of my expectation, as this pullback didn't accompany with a period of rest, this means that retail investors still try to push the price to a high level but the main force didn't participate until now, and it's possible that the main force may suppress the price down after the retail funds are getting weak, certainly, it can be also an action of main force to attract retail investors to believe the bullish will continue, therefore they are using a low level of funds to push the price slowly up, after more investors think that the price may create a new high, main force will selling and leave the market, then it's another waterfall.
by Zeus1110
1
Possible CHF/JPY Short positionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-8 Hours Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 111.340 level and move towards the first Target 1 level @ 109.620 FX:CHFJPY Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 109.620 Target 2 @ Risk/Reward @ 1.5 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
USDCHF: Extends Price Recovery With Risk Toward 0.9719USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9719 level where a break will clear the way for more strength to occur towards the 0.9758 level. Further out, resistance comes in at the 0.9800 level. Above here will open the door for more strength towards 0.9850. All in all, USDCHF faces further price recovery.
Long
by FXTechstrategy