GBP/USD Downtrend is coming!GBP/USD presents a short scenario. The price is moving towards the 1.273 level, close to a reaction zone for a short trade. The zone includes the levels 1.2730 and 1.2760, at which the price could reverse if there are appropriate confirmations.
The potential target would be 1.2620, where we have a demand in H1. Let me know your thoughts and opinions. Happy trading to everyone!
Strategy
Day Trading vs Mid-term investments Day Trading 🌪️📉📈
Day trading involves buying and selling financial assets within the same trading day. Traders constantly monitor the market, aiming to capitalize on short-term price movements. 🕒⏰
👍 Pros:
Potential for quick profits with multiple trades in a single day.
High adrenaline rush and excitement from rapid decision-making.
👎 Cons:
Requires constant attention, often leading to stress and emotional fatigue. 😓
High risk due to rapid market fluctuations and trading fees.
Mid-Long Term Investments 🚀📈📉
Mid-long term investments, on the other hand, involve holding assets for an extended period, ranging from several months to years. Investors focus on the asset's overall growth potential and fundamental value. 📈💹
👍 Pros:
Lower stress and emotional strain as you have time to analyze and make informed decisions. 🧘♂️📊
Potential for significant returns through long-term market trends. 📈📈
👎 Cons:
Limited excitement in comparison to day trading, as it requires patience and discipline.
Requires a solid understanding of market fundamentals and long-term trends.
Why the Second Option Is Better Emotionally 😌
While day trading can be thrilling, it often comes with high stress and emotional tolls. The constant pressure to make quick decisions and the fear of missing out (FOMO) can lead to impulsive actions and losses. 😫
In contrast, mid-long term investments provide emotional stability. H aving a long-term vision allows you to detach from short-term market fluctuations and focus on the bigger picture. This patience and emotional balance can lead to more thoughtful investment decisions and better overall returns. 😊
Remember, successful investing is not a sprint but a marathon . So, consider the emotional benefits of mid-long term investments, and you'll find yourself on a calmer, more fulfilling financial journey. 🏃♂️🚀
S&P500 I NOTICED A GOOD SELL AREAOn S&P500, we have a bullish setup with the price slightly retracing in the area around 4479 after touching highs at level 4645. Currently, there is an excellent reversal zone, a sell zone, at level 4525, where the price in H1 formed a strong supply level that had a significant impact on the price in the past week. In short, I'm waiting for a retracement to that level before entering a short position, aiming for a target around 4375, which corresponds to the previous major low. Let me know what you think. Have a great weekend! Nicola, CEO of Forex48 Trading Academy.
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no
surprise that AAPL is Warren Buffets's biggest holding. The earnings were a
top line beat with revenue flat. New iPhone sales are off. The TSLA idea
of dropping price to boost demand and trying to maintain margins will
come into effect. The dip this week is remarkable given the range of those
red candles. Based on VWAP bands, AAPL is overbought and overvalued but
not badly so. Price has dropped under the longest moving average (HMA140)/
This is a small pullback I will use the opportunity to purchase a call option
striking over the money at $205 for mid-November as an intermediate
term veto that AAPL will march consistently higher. Because of this pullback
the options contract will be a bit cheaper and easier from which to achieve
a realized profit.
EUR/USD BEARISH SETUP WAITING NFPWe have a bearish setup on the Euro Dollar, with the price currently located around 1.0945, practically retesting a block that previously acted as support and is now serving as resistance. The objective will be to look for a short entry in the golden square I have highlighted, as that area aligns with the 50-61 Fibonacci levels. However, please be cautious as today we have the NFP (Non-Farm Payrolls) data release. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
W Wayfair Options Ahead of EarningsAnalyzing the options chain and the chart patterns of W Wayfair prior to the earnings report this week,
I would consider purchasing the 80usd strike price in the money Puts with
an expiration date of
2023-9-15, even though the stock is up in the pre-market today.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GBP/CHF SHORT SETUP AFTER BOE NEWS I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position.
Furthermore, after the interest rate hike in the UK and statements from the Bank of England's President, we have an additional motivational factor to short the British Pound (GBP). Please let me know your thoughts on this analysis. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
TTE TotalEnergies SE Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PTTE TotalEnergies SE prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Mechanical Consistency; Gold (XAUUSD) Trade Review for 01 AugHi, This is a trade review for 01 Aug 2023.
Here are some details for the trades.
OANDA:XAUUSD
1-hour time frame
2% per trade
1 loss, 1 win (trade still open with take profit 1 achieve) Net -1% currently.
Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you!
Tuesday, Gold fails the upward push and falls below the market structure, triggering and losing my first trade. Luckily, the price is able to hold at my 2nd trade level. Retracing back to my first take profit level, recovering half of my loss. The 2nd is currently still open with 0 risk running.
As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I adopt the mechanical trading strategy to earn extra money.
This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 21 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades.
If you are interested to learn my strategy, please visit my blogging site, link in BIO. Thank you!
USD/JPY BULLISH SETUP WITH ENTRY POINTOn USD/JPY, we have a bullish setup across all operational timeframes. The market experienced a strong impulse around 139. Now, our objective will be to wait for a retracement to around 141.50, where we have a trendline support and a Fvg confluence zone. There are excellent possibilities for the price to bounce and resume its upward movement. Remember always to wait for operational confirmations. Personally, I look for opportunities on the M15 timeframe. Let me know what you think. Happy trading to all! - Nicola, CEO of Forex48 Trading Academy.
Mechanical Consistency; Gold (XAUUSD) Trade Review for 31 JulyHi, This is a trade review for 27 July 2023.
Here are some details for the trades.
XAUUSD
1-hour time frame
2% per trade
2 Solid Wins, net around +5.5%
Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you!
Monday's trading was exceptionally successful with both trades yielding outstanding results. The first trade was executed flawlessly, experiencing minimal drawdown before quickly hitting its target for a satisfying profit. The second trade was triggered right after the first's successful exit and continued its momentum into Tuesday morning, reaching its initial take profit level. However, due to the potential impact of the ongoing trade on the new setup, I had to make a prudent adjustment to the second trade's take-profit level.
As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I adopt the mechanical trading strategy to earn extra money.
This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 200 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades.
If you are interested to learn my strategy, please visit my blogging site, link in BIO. Thank you!
CHF/JPY SHORT SETUP AFTER BOJ WARNINGSOn CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.
AUD/CAD SHORT TRADE H4 SETUPI went short on this pair following a specific candlestick pattern and a support/resistance zone on the H4 timeframe.
I identified an engulfing candlestick pattern on the 4-hour chart, suggesting a potential change in market direction in favor of my short trade.
Furthermore, I noticed that the price has returned within a box that previously acted as both support and resistance. This led me to believe that the market might continue its bearish trend.
Here are my entry point, stop loss (SL), and take profit (TP) levels:
Entry point (short): 0.8820.
Stop loss (SL): 0.8881.
Take profit (TP): 0.8715.
This is just one of my trading strategies based on candlestick analysis and support/resistance levels. However, the market is always unpredictable, and trades involve risks. I maintain a strict risk management approach and am ready to adjust my stop loss and take profit as the trade evolves.
Please note that this information is provided for educational purposes only and does not constitute investment or trading advice. I encourage you to conduct further analysis and make informed decisions based on your financial situation and trading experience.
XAUUSD SHORT SETUP BEFORE NFPOn XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the expected scenario is a strengthening of the dollar, causing the price to decline to around 1950 in the second scenario and 1910 if the price reverses in the first transparent block. Therefore, the price could potentially break the bullish trendline.
Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
LDMR (Long Derivative Mean Reversion)(LDMR)Long Derivative Mean Reversion is primarily a tool for measuring risk and capital efficiency.
It's secondary functions include identify outliers in the assignment value of derivatives, maintaining a price target and producing trade placement recommendations.
This strategy has one simple input: the symbol of a correlated asset or index. It is recommended to use leveraged indexes in this input because they have a higher derivative correlation with those of round lots of the underlying.
When using this strategy you should always adjust the initial capital to what it will cost you to control 100 shares of the security.
If you intend to purchase shares then that value is 100x the close price.
if you intend to purchase call options to resell for premiums you use the initial premiums paid for the calculation.
If you intend to create a synthetic position you should add all deployed capital together, and that calculation will remain accurate until the max profit limit of your short option is reached.
Pyramiding is supported for trade placement. You should always review the historical depth and before placing the first trade ensure you have enough capital to cover the largest of those positions. Otherwise your results may be entirely incomparable to the risk and capital efficiency estimates the tool provides.
Let me know what you think. I am considering a private publishing and want to know what this is worth!
CMCSA Comcast Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CMCSA Comcast Corporation prior to the earnings report this week,
I would consider purchasing the $45 strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GBP/USD SHORT SETUP AFTER US GDPOn GBP/USD, we have a bearish setup after the US GDP data surprised expectations, causing the dollar to gain strength. Following two days of meetings between the Federal Reserve (Fed) and the European Central Bank (ECB), the market has finally broken out of a trading contraction and regained its normal volatility.
Currently, I anticipate a minor price retracement to the level of 1.2835, where we have a 'forex48 block,' a point of high sensitivity where the price could reverse direction and move downwards towards 1.26. Once the price returns to the 'block' level, I will wait for the appropriate confirmations before entering a short position.
Have a good evening from Nicola, the CEO of Forex48 Trading Academy.
27th JULY Response of my levels COMMENT ME ABOUT MY LEVELS After 10:30am Candle we have seen the Break Down at 46180 level
Then entry point is 46100 level with the stoploss of 46180
TARGETS - 45940,45800,45640
T1 Reached in 11:15am candle
T2 Reached in 12:45pm candle
T3 Reached in 2:30pm candle
After break down we got all our targets fastly
Are you guys satisfied with my levels or Not
please comment below 👇
How many peoples archive all these profits today
PLEASE GIVE YOUR VALUABLE COMMENTS BOUT YOUR PROFITS & LOSSES
@Jagadheesh_Jk
NZD/USD LONG SETUP AFTER ECBOn NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our long trade if we were to enter the market. Currently, we are waiting for confirmation on the M15 chart. Happy trading to all, Nicola, CEO of Forex48 Trading Academy.
SUPPORT & RESISTANCE Hey Everyone,
Support and resistance is one the most talked about price action component when it comes to technical chart analysis.
What is support and resistance?
Support and resistance are areas where price fails to continue to rise or drop. Historical areas of rejections create levels of support and resistance. These levels are expected to stop price from a continuation. - SEE EXAMPLE BELOW
How can we use support and resistance?
Support and resistance levels can be used to take trades from and to close trades on. We will cover the basics of drawing the levels and also identifying rejections and breakouts using support and resistance levels.
First and foremost traders draw support and resistance in many different ways. We will cover one of the methods we use to support our signals and trades, which is called "CANDLE BODY CLOSE"
See examples below on how to draw the levels, identify rejections and also the breakout strategy.
CANDLE BODY CLOSE SUPPORT AND RESISTANCE
Failure to close above a level with the candle body forms level of resistance and failure to close below a level with the candle body forms support. Also areas of rejections.
CANDLE BODY CLOSE BREAKOUT
A candle that is able to close above a resistance or below a support level with the body and not just the wick confirms a breakout of the level for a continuation.
This is a fantastic simple way to chart support and resistance levels, that can also be used to support entries and exits by identifying the wick rejections and the candle body breakouts.
As always, we will continue to share our chart ideas and useful educational tips for traders. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR