GBPCAD Technical Analysis! SELL!
My dear followers,
I analysed this chart on GBPCAD and concluded the following:
The market is trading on 1.7133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.7113
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.
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WISH YOU ALL LUCK
Trading-signals
EURUSD What Next? SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0874 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 - 1.0830
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
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WISH YOU ALL LUCK
GBPCHF Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1470
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 - 1.1405
Recommended Stop Loss - 1.1502
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDJPY The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The price is coiling around a solid key level - 151.93
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 151.72
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURJPY On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.19
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 164.22
Safe Stop Loss - 162.55
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURNZD Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURNZD is below:
The price is coiling around a solid key level - 1.8067
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7960
My Stop Loss - 1.8132
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
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WISH YOU ALL LUCK
GOLD Will Collapse! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2277.7 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2237.8
Safe Stop Loss - 2298.9
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.
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WISH YOU ALL LUCK
GBPJPY Buyers In Panic! SELL!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 191.04 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 190.79
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.
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WISH YOU ALL LUCK
CADJPY The Target Is UP! BUY!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 111.37
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 111.92
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
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WISH YOU ALL LUCK
EURAUD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURAUD below:
The price is coiling around a solid key level - 1.6539
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6574
Safe Stop Loss - 1.6517
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SPY What Next? SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 523.12 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 - 521.39
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
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WISH YOU ALL LUCK
USDCAD Massive Long! BUY!
My dear followers,
I analysed this chart on USDCAD and concluded the following:
The market is trading on 1.3535 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3572
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.
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WISH YOU ALL LUCK
BTCUSD My Opinion! SELL!
My dear subscribers,
My technical analysis for BTCUSD is below:
The price is coiling around a solid key level - 70216
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 67421
My Stop Loss - 71736
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
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WISH YOU ALL LUCK
GBPNZD Technical Analysis! SELL!
My dear subscribers,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1115 pivot level.
Bias - Bearish
My Stop Loss - 2.1179
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.1011
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.
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WISH YOU ALL LUCK
SILVER A Fall Expected! SELL!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 24.924
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 24.722
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
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WISH YOU ALL LUCK
NATGAS Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 1.752
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.726
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
WHAT IS THE BEST TRADER MINDSET?Optimism, pessimism and realism which trader's mindset is better? The answer seems obvious: optimism. Optimistic traders overestimate their strength and the situation, pessimists do not believe in their strength, so the best is common sense realism. The realistic version of the world perception implies assumption of both favorable and unfavorable variants of the event outcome. But on the other hand, realist traders miss the opportunities that optimists see and underestimate the risks. All three types of trader's thinking have their own strengths and weaknesses.
WHICH TYPE OF TRADER'S MINDSET IS THE MOST PRODUCTIVE?
1. Optimism
"Think positive", "Set yourself up only for success" such motivational mottos are in every trading book. An optimistic attitude has many advantages:
Optimist traders are better motivated. They believe in success, so they set the bar higher.
Optimist traders are better at dealing with negative emotions.
Optimist traders are more confident in their abilities.
Optimist traders' brains are programmed in advance for a positive outcome.
All of this is good as long as it is within the bounds of common sense. And often the boundary between common sense and unhealthy thinking of a trader is not visible. And as soon as optimism crosses the boundaries of adequacy, problems begin:
Ignoring danger. Imagine a person who confidently drives through a red light, thinking that nothing will happen to him. The only thing left to do is to convince other drivers of this.
Overestimating possibilities. The set goals turn out to be unattainable. And trying to achieve them leads to burnout.
Denial of the need to solve problems. The optimist believes in the best, but problems do not go anywhere. And someday their volume will become critical.
Everything is good in moderation. An optimist is inclined to work harder, but he is also inclined to take unreasonable risks.
2. Pessimism
The strength of pessimism is the ability to assess risks and minimize them. Pessimist traders are more cautious. They try to double-check everything 10 times, so they are less likely to take risky actions. However, they also earn less. A pessimist trader tries to diversify risks, thinks through several ways of retreat. Pessimism goes to the extreme, when a trader thinks that everything is bad and it will be even worse in the future. They blame others for failures, as they cannot find the strength to admit his mistakes. They have no motivation; they live in constant expectation.
3. Realism
The sweet spot? Not a fact. The realist trader does have a sober assessment of the risks without going overboard. But they also have extremes:
Fatalism. While optimistic traders believe in the best, realists follow the path of pessimistic traders. They accept reality, believing that this is fate. Realist traders do not fall into stress, but do not believe that the situation can be changed for the better.
Pragmatism. Realist traders think that a bird in the hand is worth two in the bush. They effectively solve current problems, but trying to look at something bigger is out of the question.
Rationalism. Algorithmic, schematic thinking of the trader is manifested in other aspects of life.
Which type of trader's mindset is the most productive? All three types in one trader, from which the best is taken. Moderate optimism in achieving goals, moderate pessimism in assessing risks, moderate realism in building a system. And extremes are best avoided.
In conclusion, each of these traits has its strengths and weaknesses, but when combined in moderation, they can create a well-rounded approach to trading. Optimism provides motivation, confidence, and a positive outlook, which can help traders set higher goals and persevere through challenges. Pessimism, on the other hand, can help traders assess and minimize risks, promoting caution and careful decision-making. Realism offers a sober assessment of situations and helps traders develop practical solutions to problems. Ultimately, the most constructive trader's mindset is one that leverages the strengths of each of these traits while avoiding their extremes. When you lose a trade, don't think too negatively. When you win, try not to get euphoric. Extreme emotional swings will push you into the abyss. Therefore, the most constructive trader's mindset is a balanced combination of optimism, pessimism, and realism.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
EURUSD Sellers In Panic! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0789
Bias - Bullish
Safe Stop Loss - 1.0763
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0836
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USOIL Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 83.06
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 - 81.28
Recommended Stop Loss - 83.99
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NATGAS What Next? BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 1.654 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.672
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.
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WISH YOU ALL LUCK
EURGBP What Next? SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8572
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8550
Safe Stop Loss - 0. 8583
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
[GMTUSDT] - inverse H&S patternbreaking out 0.236 fib res in weekly chart , consolidation of inverse H&S pattern and many attempt of breakout the major trendline make that chart cheerful and set our long term target to 2$ ...keep ur eye on it u will thank me later
Thank you, and for more ideas, hit "Like" and "Follow"!🎯
WHAT PIVOT POINTS ARE IN SIMPLE TERMSLet's start with the fact that Pivot points are quite an old tool and have been used for a long time. The difference is that in the early days traders had to build Pivot points themselves, but today there are indicators that build these points.
✴️ BASIC CONCEPTS
Pivot points are key points of price chart reversal, i.e. the place from which the price chart is most likely to reverse. Different pivot points have different calculation formulas. This is very similar to Fibonacci, as there are no clear criteria and several possible courses of action.
The following is a list of the most popular calculation of data:
1. Traditional is the very first method of calculation, still popular in the stock exchange;
2. Classic derived from traditional, slight differences in calculations;
3. DeMark is the formula developed by the SAC Capital Advisors fund;
4. Woody the formula heavily references the previous day's closing price;
5. Camarilla derived from the classic one, slight differences in calculations;
6. Fibonacci is based on the Fibonacci formula.
Of course, the points don't always work and they have false signals, but how to filter let's figure it out. There are also Pivot points like this, these are just the ones built using the traditional formula:
✴️ TRADING STRATEGIES
We intentionally did not write each formula, as this information is fully available on the Internet and not everyone is interested in it. The most interesting thing is to learn how to use these indicators in practice, which we will do now.
If we think logically, there can be only two strategies:
Strategy for level breakout;
Strategy for the level rebound.
That's all, there is nothing else to think of.
✴️ LEVEL BREAKOUT STRATEGY
For the breakout of any level, you need to take into account several details:
1. The quality of the breakout, i.e. the presence of an impulsive movement;
2. The trend moves in the direction in which the breakout occurred, i.e. the exclusion of a false breakout;
If these factors are met, then we can say that the breakout is real and it is worth looking for an entry point. Ideally, it should be like this:
Obvious consolidation above the control resistance by pivot points. Stop in this case is placed slightly below the breakout candle, take profits can be stretched by a grid between the Pivot points above. That is, if there was a trade, it would look like this:
✴️ LEVEL BREAKOUT STRATEGY
The strategy for level breakout should also be accompanied by some additional model. For example, it can be a pinbar, RSI divergence and so on. That is, you can choose many variants, the main thing is the presence of a reversal level nearby. In the simplest form, it should look like this:
As you might expect, there are 3 factors to enter the trade and not to buy here would be a much bigger risk than to stay on the sidelines. There is RSI divergence, there is double bottom by candlestick analysis, there is Pivot level, risk/profit ratio is very good. It looks like this:
✴️ CONCLUSION
The pivot point indicator is a great way to find trend reversal points and corrections, for example, you can combine it with Fibonacci levels and find out the end of a correction more precisely. Try it, trade, the indicator is very easy to use and understand. Successful trading and good luck in the markets!