GOLD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2344.0
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2351.1
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Trading-signals
USDCHF Set To Fall! SELL!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.9142
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9095
My Stop Loss - 0.9171
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
EURAUD Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURAUD below:
The instrument tests an important psychological level 1.6392
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6330
Recommended Stop Loss - 1.6437
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GOLD My Opinion! BUY!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2334.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2372.3
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
10 tips to become a profitable traderHere are 10 tips to become a profitable trader:
1. Understand the markets and trading instruments: Thoroughly learn about the financial markets, trading products, and how they function. This will help you make well-informed investment decisions.
2. Develop a trading strategy: Formulate a clear investment strategy, including entry/exit criteria, risk management, and position sizing. This will provide you with a systematic and disciplined approach.
3. Manage risk: Always determine your acceptable risk level and use tools like stop-loss orders and position sizing to mitigate risk.
4. Focus on the process, not the outcome: Focus on executing your strategy correctly, not on the result of each trade. The results will come to those who are patient and disciplined.
5. Avoid the temptation of excessive leverage: Use leverage carefully and only with an amount you can afford to risk.
6. Diversify your investment portfolio: Invest in a variety of asset classes to reduce overall risk.
7. Continuously learn and update your knowledge: Monitor market trends, research new strategies, and stay up-to-date with trading tools.
8. Maintain emotional control: Avoid letting emotions influence your investment decisions. Stay cool-headed and make clear-minded decisions.
9. Track and analyze your results: Monitor and analyze the results of your trades to identify strengths, weaknesses, and areas for improvement.
10. Be patient and persistent: Becoming a successful investor is not an overnight process. Be patient, persistent, and continuously improve.
USOIL Technical Analysis! SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 77.75 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 77.07
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
AUDUSD A Fall Expected! SELL!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6620
Bias - Bearish
Safe Stop Loss - 0.6669
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6551
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURJPY What Next? SELL!
My dear subscribers,
This is my opinion on the EURJPY next move:
The instrument tests an important psychological level 170.41
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 168.97
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GOLD The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2358.2
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2402.4
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURNZD Massive Long! BUY!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.7709
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7821
My Stop Loss - 1.7645
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
EURUSD Expected Growth! BUY!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0833
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0849
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
Soybeans: LongToday's session marks the beginning of the second up-wave in soybeans. The ultimate target seems to be around the 1305–1310 level. This move begins now and may possibly extend to the end of June or early July.
A wide stop is recommended to allow the trade to play out. A close beyond 1189 would nullify this trade, and losses should thus be taken.
Stay tuned for updates.
USDJPY The Target Is DOWN! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 156.41 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 155.17
Recommended Stop Loss - 157.21
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
NZDCHF Trading Opportunity! BUY!
My dear subscribers,
NZDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5548 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5559
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
EURGBP On The Rise! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8543 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8564
Recommended Stop Loss - 0.8528
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
USDCHF Massive Short! SELL!
My dear friends,
My technical analysis for USDCHF is below:
The market is trading on .0.9097 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target -0.9067
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
GOLD Trades Idea for Tuesday 21 May 2024DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.
Gold/USD (XAUUSD) Ideas For 21 May 2024
BUY LIMIT Order: $2423.68
Stop Loss: $2407.09
Take Profit 1: $2440.03
Take Profit 2: $2461.76
Risk per trade: 0.5%.
MT4/5 trade expiration: Today
100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.
Reason
The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%
Trade Review For 20 May 2023
The price pushes higher before heading back down for a retracement. But the retracement is not strong enough to hit our limit order, hence no order for today. Let's try again tomorrow!
P&L for the month: +0.6R
01 May: +0.5R
02 May: +0.5R
03 May: +0.5R
06 May: +1.6R
09 May: +0.5R
13 May: -1R
14 May: -1R
17 May: -1R
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
GBPJPY My Opinion! SELL!
My dear friends,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 194.29 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 193.13
Recommended Stop Loss - 195.01
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
GBPCHF What Next? SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1394 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1339
Safe Stop Loss - 1.1430
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
USOIL Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 79.46
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 79.05
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
EXPLAINING LIQUIDITY IN SIMPLE WORDSLiquidity plays a vital role in shaping market prices, particularly among large market players such as banks, hedge funds, and other influential entities. These entities, often referred to as market makers, manipulators, and others, are driven by their pursuit of liquidity. In fact, liquidity is the foundation upon which successful trading is built, and it's where traders should begin their journey.
In the context of Smart Money Concepts (SMC), liquidity refers to the levels of asset price where multiple market participants have placed limit orders, stop orders, and liquidations. Stop orders are essentially reverse orders designed to mitigate losses by buying back positions that have gone against a trader's expectations. When a trader sets a Stop-Loss order, they're essentially trying to limit potential losses if the market moves against them.
The concentration of stop orders creates a gravitational effect, making it attractive for larger players to gain an advantage. By identifying areas with high concentrations of stop orders, big players can exploit these liquidity zones to collect profits from retail traders who are unaware of these market dynamics. As a result, the movement of prices from one liquidity zone to another is driven by the actions of these powerful entities, ultimately shaping the market landscape.
❓ HOW TO IDENTIFY LIQUIDITY ON THE PRICE CHART?
Before we dive into trading and trades, we must first identify obvious liquidity pools. These will be our closest target for the price to converge upon.
There are several types of liquidity in the market:
Equal highs and lows (EQH/EQL), which mark significant turning points
Swing structural points, including notable highs and lows that can be significant drivers of market activity
Boundaries in sideways price movement, such as ranges or sideways trends, where liquidity is concentrated
Trend movement, where liquidity tends to accumulate below or above the trendline
📊 SIGNIFICANT PRICE HIGHS AND LOWS
The SMC features six key extrema that significantly impact trading:
• The previous month's high and low values
• The previous week's high and low values
• The previous day's high and low values
• The current trading day's high and low values
• Equal highs and lows, which can be particularly significant in determining market trends
📈 Equal Highs (EQH) or Equal Lows (EQL) 📉
The double bottom or double top candlestick formation is a common indicator of a potential price reversal. When the price reaches these formations, it typically signals a change in direction, with the price moving in the opposite direction. For retail traders, equal highs and lows are crucial levels of support and resistance, prompting them to place stop orders at these levels. These levels act as a gravitational force, attracting large capital flows and creating a significant amount of liquidity.
When the price approaches these levels in reverse, it's not uncommon to see a cluster of stop orders forming, as traders anticipating a bounce from the level wait for the price to react. However, large players often take advantage of this expectation by executing stop-loss orders through a false breakout, ultimately triggering a price reversal.
💲 SIGNS OF A SUCCESSFUL LIQUIDITY GRAB
Let's consider a buy scenario as an example. Traders identify a strong low price, and large capital players recognize an obvious accumulation of liquidity at this point. When the price returns to this low and breaks it, but without forming a full candle, the price closes above the broken low. To better understand this concept, let's examine the schematic representation of liquidity grab in buying scenario.
Liquidity is a top priority for big players, known as “smart money”. A significant player is actively seeking to find it to secure their position. The reason is that if they were to open trades without sufficient liquidity, they would be exposed to price slippage, as there may not be enough buy or sell orders in the market to execute their trades efficiently.
🔎 IS IT A LIQUIDITY GRAB OR NOT?
Distinguishing between a liquidity grab and a breakout of market structure is crucial, as they share similarities. In the case of a liquidity grab, the price fails to close at an important structural highs or lows, instead takes liquidity forming long tailed candles.
In contrast, a breakout of the structure sees the price breaks and closes above or below new level. Notably, liquidity grab often precedes a price reversal, whereas breakout of the level typically perpetuates the underlying trend.
📍 TREND LIQUIDITY
In a clear trending market, liquidity forms in both directions, at the lows and highs. Let's take a closer look at a downward trend movement. When we see the price moving downwards, we initially take liquidity at the lows, which has been building up since the price reached its maximum. Then, we take liquidity at the minimum, creating a natural flow.
At the highs, we deliberately leave liquidity on purpose, allowing it to build up and eventually be taken away naturally. The liquidity at the lows acts as a price magnet, attracting a large player who begins to accumulate their position. In some cases, the price may form equal lows, known as a double bottom in technical analysis. This signals to traders that it's time to enter a trade, and they place stop losses above these levels. At this point, a major player manipulates the price, taking this liquidity and reversing the trend. The first target is then the trend highs, where liquidity is located – it was left earlier to be taken away.
📝 HOW TO WORK WITH LIQUIDITY?
When working with liquidity, it can be a valuable tool for entering a trade, as well as helping to set a stop loss by avoiding arbitrary price levels. Instead, you can use liquidity to guide your trading decisions and create more informed stop-loss strategies. Moreover, take profits can also be placed on liquidity levels, as the price is constantly moving between these levels, making it essential to take profits before they're taken away.
💎 CONCLUSION
The benefits of liquidity analysis extend to any time frame, whether it's weekly, daily, or even 1-minute charts. This means that liquidity can be effectively applied to analyze forex market, indices, cryptocurrencies and shares of companies for investment purposes, making it a versatile tool for traders and investors alike.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
SPY What Next? SELL!
My dear subscribers,
SPY looks like it will make a good move, and here are the details:
The market is trading on 529.43 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish
continuation.
Target - 519.19
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK