USOIL My Opinion! BUY!
My dear friends,
My technical analysis for USOIL is below:
The market is trading on 77.78 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 78.63
Recommended Stop Loss - 77.29
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
Trading-signals
AUDJPY Massive Long! BUY!
My dear followers,
I analysed this chart on AUDJPY and concluded the following:
The market is trading on 97.118 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 97.608
Safe Stop Loss - 96.835
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
EURUSD The Target Is DOWN! SELL!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0921
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0868
My Stop Loss - 1.0949
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
XAUUSD Bull run due a correction?XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat.
LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
GBPCHF Expected Growth! BUY!
My dear followers,
This is my opinion on the GBPCHF next move:
The asset is approaching an important pivot point 1.1265
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1277
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
GBPCHF A Fall Expected! SELL!
My dear friends,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1271 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 - 1.1242
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
APPLE Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for APPLE below:
The instrument tests an important psychological level 170.73
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 - 176.80
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
SPY Buyers In Panic! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 511.77 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 - 502.19
Recommended Stop Loss - 517.26
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
NATGAS On The Rise! BUY!
My dear subscribers,
This is my opinion on the NATGAS next move:
The instrument tests an important psychological level 1.809
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 - 1.900
My Stop Loss - 1.774
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.
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WISH YOU ALL LUCK
USDJPY Will Collapse! SELL!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 150.45
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 - 150.25
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.
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WISH YOU ALL LUCK
USDCHF Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8852
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8809
Safe Stop Loss - 0.8875
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 ARE FRACTALS IN FOREX TRADING?👋 Hello forex traders!
It is unlikely that you will find a single beginner in the Forex market who would not know what a fractal is. And even outside the market, many people have heard about this concept. Fractals have been known for almost a century, are well studied and have numerous applications in life. Fractals have been used on financial markets for quite a long time - even classic trading strategies contain references to them. For example, the famous trading strategy of Bill Williams Profitunity uses fractals as one of the elements of the system.
To begin studying this method of analysis, we need to define what a Fractal is. Here is the most complete and understandable definition: "A fractal is a set that has the property of self-similarity. An object that exactly or approximately coincides with a part of itself, i.e. the whole has the same shape as it or more parts. In our familiar markets, this concept is slightly modified, but the concept remains the same."
Transferring this definition to price charts, we can get approximately the following: "A fractal is a constantly repeating pattern that is not included in any list of common patterns. In other words, if you watch the chart of a certain instrument for a very long time, you will start to notice the fact that its movements in a certain period of time are constantly repeating. This pattern was discovered by the well-known Bill Williams. This trader claimed that the whole market is chaotic and only sometimes it changes into a stable and bright trend."
Why Fractal Analysis Is Necessary 📊
In fact, the trader himself determines the necessity of this kind of analysis. If you have a perfectly working and profitable strategy, then probably this post is not for you, but if you have some problems with finding a profitable trading strategy, then you can read to the end so that this post will give you an idea. I have not been able to find any clear information as to why it has been noticed only now, but I personally believe that it is due to the fact that more and more traders started to spend a long time at the monitor and notice some patterns and features of each currency pair. Translating all of the above into simple language, fractal analysis is needed to find the biggest patterns in the market and apply on.
“Once is a fluke, twice is a coincidence, and three times is a pattern”.
How To Apply In Trading 📈📉
Now that we have sufficiently understood the general concepts of Fractal, it is time to understand how this technique is applied in the financial markets and learn how to trade using it. Let's start with the fact that fractal structures were originally found with the help of machine running of charts and finding certain patterns. That is why it may be difficult to find fractals with your own eye. But we are glad that we live in the 21st century and all developed platforms have such indicators for a long time. Immediately after applying this indicator, the chart will look like this:
Fractal Start
A fractal start is a situation in which after a fractal in one direction, a fractal in the opposite direction is formed.
Fractal Signal
After the fractal start, on its reverse side, the appearance of the fractal signal takes place
Fractal Stop
The fractal stop is located behind the farthest of the two extreme fractals. Using this technique allows you to minimize the number of stop-losses.
The Practical Use Of Fractals 💡
1. Method of breakouts, often indicating the continuation of the existing trend. To enter a trade, a pending stop order is set at the breakout point of the nearest fractal to the price.
2. It is not always possible to determine how accurately these levels were built. Bill Williams' fractals are a tool to effectively identify significant support and resistance levels.
3. Fractals can also be used as a useful method of identifying reference points when plotting trend lines. These anchor points can serve as important indicators of market behavior.
4. Fractals can help traders identify the prevailing trend in the market. Identifying a trend is a simple process if you take into account the definition of an uptrend as a sequence of increasing local highs and lows, while a downtrend is characterized by a series of decreasing extremes.
5. If the price does not overcome the previous fractal, it may indicate the emergence of a sideways movement. To confirm this signal, it is necessary to wait for the formation of the opposite fractal.
Advantages And Disadvantages Of Fractal Analysis ↕️
Like other techniques, fractal analysis has both disadvantages and advantages. For its effective use it is necessary to be able to analyze several timeframes and synthesize the overall picture. Market entry should be determined by the trend on the higher timeframe, because the Bill Williams system is trending.
In conclusion, the fractals provide numerous potential entry points on the chart, catering to different preferences and often appearing quite reliable. However, it is essential to recognize that this method of analysis is not simple or unambiguous. Consequently, it is not recommended for beginner traders to use it as the sole factor in decision-making. The Fractal indicator's effectiveness is dependent on its use in conjunction with other indicators on time intervals from an hour and above. Strategies that incorporate the Fractals indicator must analyze several timeframes. Despite these considerations, the indicator should not be dismissed, as it can provide valuable support when used in combined strategies.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
TESLA What Next? BUY!
My dear friends,
Please, find my technical outlook for TESLA below:
The price is coiling around a solid key level - 175.34
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 195.09
Safe Stop Loss - 165.33
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
EURUSD Technical Analysis! SELL!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0934 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0898
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
EURNZD Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.76557
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 - 1.7754
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.
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WISH YOU ALL LUCK
GBPJPY Will Explode! BUY!
My dear friends,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 189.12 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 189.91
Recommended Stop Loss - 188.70
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 Massive Long! BUY!
My dear subscribers,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1212 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1228
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
NZDJPY The Target Is UP! BUY!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.313 pivot level.
Bias - Bullish
My Stop Loss - 90.950
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish ) continuation.
Target - 92.129
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
EURUSD My Opinion! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.00883 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0856
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
EURGBP Expected Growth! BUY!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8546
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8555
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
CADJPY Technical Analysis! BUY!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 110.15
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 110.58
My Stop Loss - 109.90
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
COST OF BREAKING TRADING RULESJesse Livermore is one of the most famous and successful traders of the last century. During his lifetime he was nicknamed "The Great Bear" because he actively sold stock assets during the Great Depression and managed to make a multimillion-dollar fortune. Wikipedia mentions that Livermore made and lost significant sums on the stock market more than once during his lifetime. He was distinguished from his contemporaries by his aggressive manner of intraday trading. Today we want to tell you about Livermore's life and his own rules of trading on financial markets.
✴️ THE BEGINNING OF HIS CAREER
The ascent of the trading legend began with the stock exchange offices in Boston. Livermore did not take part in trading, but only recorded constantly updated asset prices on a special board. It is important to realize that at the beginning of the 20th century, prices on stock exchanges were transmitted by telegraph. Having a good capacity for exact knowledge and impeccable memory for numbers, Livermore was the first to discover patterns in trend reversal models. Contemporaries note that Livermore was not sociable. All the young trader's attention was focused on price changes of liquid assets. It is noteworthy that he used only numerical sequences to make trading decisions, especially not being interested in the reasons for rising or falling prices.
Having gained a little experience in exchange offices in Boston, Livermore began to keep a notebook in which he recorded all the identified patterns in the dynamics of asset pricing. Biographical literature notes that at that time he was not interested in trades with large sums. The young trader was fascinated by the patterns in the behavior of prices, confirmations of which he was constantly looking for in practice. Some time later, his friend offered to buy a share of the company "Burlington". Having checked his records and convinced that the price would rise in the near future, Livermore invested 5$ in the mentioned brand, earning more than 3$ in a couple of days. This was Livermore's first and highly successful trade.
✴️ WALL STREET CAREER
At the age of 21, the talented trader moved to New York with the aim of conquering the stock market, having $2500 earned in small stock exchange offices in Boston. Livermore could not open an account with any of these companies because his name was on the rumor. Even then, he claimed to close a trade with a profit 7 times out of 10. No small brokerage firm wanted him among their clients, as he could easily bankrupt it.
Eventually he was able to open an account on Wall Street, investing all the money he had into the trade. To everyone's surprise, it ended with a complete loss of deposit. The reason is as follows: Livermore was a hardened proponent of short-term trading, capitalizing on minor price fluctuations. Information about the actual value of assets was transmitted by liquidity providers to Wall Street with significant delays, which led to inaccurate short-term trading. While in Boston, small firms used telephone tape orders and processed customer orders almost instantaneously, this was impossible in the real market conditions of the time.
The manager of a Wall Street brokerage house was kind to the young trader and saw potential in him. When Livermore lost his capital due to technical reasons, he lent him $500 to disperse his deposit in illegal brokerage houses. Livermore then heads to St. Louis, where he makes $2,800 in a matter of days. The company removes him from the number of clients, and also notifies all brokerage houses in the vicinity about the appearance of an overly successful participant of trades. Back in New York, Livermore managed to earn another $5,000 while trading at one of the illegal brokerage houses in New York, and then reopened an account on Wall Street.
Livermore managed to make good money on the global growth of the US stock market in 1901. On his account was the sum of 50 000$. However, later, against the background of high volatility, Livermore lost all his money and was forced to go to his hometown to earn money. After some time, Livermore again started to ruin brokerage houses in Boston, acting through his friends. He managed to save the necessary amount for a third return to New York and open another account on Wall Street.
✴️ THE 1907 MARKET CRASH AND THE GREAT DEPRESSION
In 1906 Livermore foresaw a global decline in the prices of railroad company stocks under the influence of natural disasters. In 1907, there was indeed a decline in prices, but not as rapid as the trader saw it. Then big banks managed to support the value of shares of industrial companies. Trying to sell in a growing market, Livermore again lost almost all of his fortune. He decided to stop trading and wait for a signal to enter the sell-off with all his remaining funds.
Just as Livermore had anticipated, the railroad companies were going through a tough time and the stock rushed downward. The economic situation in the country was so critical that the companies were ready to sell their shares to investors in installments with the participation of banks, but the latter were not sure that investors would be able to fulfill their financial obligations in the near future.
As a result, in 1907 there was a global collapse of the stock market in the U.S., and Livermore managed to earn 250,000$. In October of the same year, the panic of businesses reached its peak and banks started sending their representatives to Livermore asking him to stop selling stocks as it could lead to global economic problems in the US. Under this influence Livermore closed short positions, opening all capital to buy at the point of trend reversal. This trade brought him 3,000,000$ net profit in 9 months.
During the period from 1907 to 1929, trading volumes on the U.S. stock market increased significantly. Almost every resident of the country invested in stocks. The reason for the growth of financial literacy of the population and popularity of the stock market was the large-scale advertising campaigns of private brokerage firms. Nevertheless, in 1929 there was a large-scale market crash. The reason for the downtrend, among other things, was a multimillion sell trade, which was conducted by dozens of brokers under the leadership of Livermore. This trade brought him more than 100,000,000$ of profit, which by today's standards can be compared to a billion.
✴️ JESSE LIVERMORE'S TRADING RULES
Today the following Livermore's rules of capital management in financial markets may sound cliché, but at the beginning of the last century every trader was familiar with them. Let us pay attention to them too:
1. Don't average losses. It is important to realize that the principles of pricing liquid assets have changed significantly since the beginning of the last century.
2. Do not exceed risk tolerance. Livermore used to set the maximum risk per trade at about 10% of capital.
3. There is no need to quickly secure in profits if the trend is moving in your direction. The reason for closing an order can only be objective factors that indicate a correction or reversal.
4. Withdraw 50% of profits after each trade. Livermore had an unwavering rule to withdraw part of the profit. The investor himself explained it by the unpredictability of the market.
5. One should enter the market only when there are appropriate signals.
✴️ CONCLUSION
Perhaps it is worth mentioning that in 1930, Livermore broke his own rule by investing all his funds in one trade, after which he became bankrupt. In those years, he no longer had the strength to start over, and he decided to write a book on stock trading with the simple title "How to Trade Stocks?" He hoped that the work would become a bestseller, which would give him recognition and wealth. However, this did not happen, and in 1940, Livermore shot himself in one of the hotels in New York. The official reason for the shooting, if Wikipedia is to be believed, was depression. Livermore was a truly great trader who, during his lifetime, had a significant impact on both the decline and growth of the U.S. economy.