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GoldViewFX - END OF WEEK UPDATEHey Everyone, Fantastic finish to the week with our 4H chart hitting its last target at 1906 - BOOOOM!!!! Our EMA5 cross and lock above 1865 confirming our upper levels once again played out to perfection giving us plenty of opportunities to get in for the movement. We traded the movement safely from the dips, all the way upto our target. Our daily chart idea is now in play (see related post below) with open targets above. EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1879, 1895 and 1906 - ALL COMPLETE BULLISH TARGETS 1879 - DONE 1895 - DONE 1906 - DONE We will now come back this weekend with our multi timeframe analysis and trading ideas for the coming week with updated targets and retracement ranges. Please don't forget to like, comment and follow to support us, we really appreciate it. Have a great weekend all!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our 1H chart updated Goldturn support and resistance levels and TARGETS. Market closed with price challenging 1919 Goldturn, which is also a resistance area similar to the 4H chart. If we see this area resist, we will possibly see movement into the retracement range. However, a break above 1919 and we should see another clean run into the upper levels. We will look for EMA5 lock to confirm the movement above. Our plans to buy dips is still in play, as our chart structure remains very much Bullish. EMA5 CROSS AND LOCK ABOVE 1919 WILL OPEN 1923, 1927, 1931, 1934, 1940, AND 1945 BULLISH TARGETS 1923 - 1927 - 1931 - 1934 - 1940 - 1945 - BEARISH TARGETS 1915 - 1910 - 1904 - 1899 - 1895 - EMA5 CROSS AND LOCK BELOW 1895 WILL OPEN 1889, 1881 AND 1873. SWING RANGE 1867 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - DAILY CHART UPDATED LEVELS & TARGETS$Hey Everyone, This is the daily chart we have been tracking for our long range target. This has been playing out perfectly with the bullish momentum challenging the channel top. Our long range target to 1857 is still inline for the setup. Any retracement we would like to see maintain itself above 1797 to continue with the movement up. As mentioned last week that although we saw price break 1817 level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to strengthen the target to 1857 Goldturn. We now have the candle body close, as analysed by us to provide some more Bullish momentum. If we see a rejection at this level then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see EMA5 cross ma200 then it will further solidify the move down to 1742. The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. . Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - Market UPDATE - BOOOOOM!!!!!!!Hey Everyone, What a PIPTASTIC start to the year. Please see our 4H chart update which has now been complete with a perfect finish just on the channel top. This is the power of a Goldturn channel and not the standard channels used by all. Our use of EMAs to draw levels and channels allows us to measure the momentum with perfection using our formula. As stated yesterday, every dip will be a buying opportunity. We took our cleans buys from the sip with a perfect TP hit on our level. Price is now back in the channel, so our setup is valid once again for level to level trading using our EMA5 cross to confirm each level. Until we see the channel break we will continue to buy dips within the channel low. Please also keep in mind our weekly analysis for our longer range target still in play. EMA5 CROSS AND LOCK ABOVE 1822 WILL OPEN 1828, 1836, 1843 AND 1848 - DONE BULLISH TARGETS 1828 - DONE 1836 - DONE 1843 - DONE 1848 - DONE BEARISH TARGETS 1822 1817 1807 1802 EMA5 CROSS AND LOCK BELOW 1802 WILL OPEN 1793, 1785, 1779, 1772 SWING RANGE 1779 - 1772 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - Market UPDATEHey Everyone, This is the weekly chart we have been tracking level to level from the dip and then all the way up hitting all targets so far, with our final target at 1858 HIT today Boooom !!!!! LAST UPDATE We have now seen 5 weekly candle body close above 1787 opening up a long range gap target to 1858, but this time we have a EMA5 cross with the candle body close above 1787 confirming and strengthening the movement. As always we will need to expect and have a plan for any retracements driven by volatility in the markets. - COMPLETE Please note when this level was historically challenged, every time we had at least a re-challenge on this level, more than once. Even wick outs are retested on this level but a candle body close above this levels will secure the retest even for weeks coming. Therefore, we do expect another challenge on this level at some point. We will continue to trade this from buying dips and using our smaller timeframes to pick entries. Always be prepared for swings by managing a tight risk management setup. We will update some of our smaller timeframes before the week ends, as we have HIT all targets on all our existing trade ideas for this week already. As always, we will keep you all updated with regular updates throughout the week and how we manage our setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. As you can see we have been tracking this level to level from the dip and then all the way up hitting all targets so far. Once again we saw the ema5 attached from the retracement down followed with a push up like we suggested. We have now seen 5 weekly candle body close above 1787 opening up a long range gap target to 1858, but this time we have a EMA5 cross with the candle body close above 1787 confirming and strengthening the movement. As always we will need to expect and have a plan for any retracements driven by volatility in the markets. We will use our smaller timeframe setups to navigate and trade this range level to level. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
30
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Happy new year to you all. Please see our updated Goldturn support and resistance levels and targets for our 1H chart setup. Price was testing the resistance structure at 1824 on market close. We may see some more continuation of the Bullish movement when the week starts but will look for EMA5 to cross and lock above 1824 to confirm the upper levels to be able to track and trade the levels. Failure to break 1824 and we will see price head into the retracement range for a bounce. A cross and lock below the retracement range and we will see the swing range open. We will keep this in mind and track and trade the movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as our plans to continue to buy dips is still fully in play. EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1830 AND 1837 BULLISH TARGETS 1830 - DONE 1837 - DONE BEARISH TARGETS 1819 1815 1808 1802 EMA5 CROSS AND LOCK BELOW 1802 WILL OPEN 1798, 1795, 1791 SWING RANGE 1786 - 1791 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
BASIC MONEY MANAGEMENT - LOT SIZE VS REVERSAL AND ACCOUNT SIZEHey Everyone, We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this reversal. Trading with the right lot sizes allows a trader to manage their account/money when the trade goes against them. The right size allows a trader to move a range without blowing their account and without seeing their account reverse to the point of no equity. This type of trading gives traders anxiety and in return this anxiety impacts trading psychology . This then has a ripple effect and impacts your trading decisions and analysis. The example we show on the chart is an entry of SELL that reverses by 380 PIPs. This movement happened in literally 2 candles (1hour candles) , so in two hours the price from entry reversed by 380 pips. This example then shows what this equates to in monetary value dependent on lot sizes. The example shows that anyone with a £500 account trading this movement with a lot size of 0.20 would have blown their account. Lot size usage should be based on the size of your account for example; £500 size account - we will only use 0.01 size lot sizes with maximum deployed total no more than 0.02. This will allow an account to survive volatile movements. £1000 size account - we will use 0.02 lot sizes with maximum deployed total no more then 0.05 any given time. £2000 size account - we will use 0.03 lot sizes with maximum deployed total no more then 0.10 any given time. £5000 size account - we will use 0.5 sizes with maximum deployed total no more then 0.20 any given time. Basically staying below 0.05 for every £1000, as the total deployed usage allows us enough flexibility of movement on the chart for Gold and then using stop losses on top of this, gives us further control of our money management. Many traders who cannot control their greed and do not bother understanding risk/money management will bung on a 0.50 lot size on a 2K GBP account, as an example, and then when it reverses, even if it's within the swing range, you know what will happen next. ACCOUNT BLOWN! MIND BLOWN! You will have mastered the art of risk/money management when your entry reverses and you a) expected that reversal within the range before it resumes to hit the TP and b) you look at that red figure during reversal without it worrying you in the least. We hope this quick basic insight helps some of our newbies better understand how to manage their risk with range. Please like, comment and follow to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
27
BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, As you can see our 4H chart idea has been playing out well with Bullish targets now all Hit, including our extended targets we shared yesterday to 1822 and 1828 - BOOOM! Price retraced down and found support at our channel floor, where we confidently took our long position for a perfect exit at 1809 confirmed with our algo. Price is now back in the range and therefore our chart idea is now back in play to track and trade using EMA5 cross and lock, as we continue to buy dips from support levels. If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
19
GoldViewFX - DAILY CHART STRUCTURE AND ANALYSISHey Everyone, Please see am updated daily chart structure, As you can see the daily chart is very much in a Bullish stance challenging the resistance structure in the range AT 1817. Although we saw price break above this level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to open 1857 Goldturn. If we see a rejection at this level and as we are seeing now then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see MEA5 cross ma200 then it will further solidify the move down to 1742. The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - Market UPDATEHey Everyone, We finished off with a great day yesterday with our next target of 1822 HIT, which we trailed all the way from 1816 with a lovely TP HIT. As you can see the resistance structure is now broken opening the upper levels 1822, 1831 and 1837. We can track and trade this with EMA5 cross and lock confirmation. We have a retracement zone above 1800 at 1806. If we see a retracement, we would like to see this area to provide support to continue with the Bullish momentum. We have also updated our swing range to 1777. Please also refer to our 4H and daily chart setups and ideas to keep in mind our longer range targets Our plans to buy dips from support levels are still in play. We will continue track and trade this movement level to level confirmed with cross and lock. BULLISH TARGETS 1798 - DONE 1806 - DONE 1815 - DONE EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN REMAINING LEVELS 1822 - DONE 1831 1837 BEARISH TARGETS 1792 - DONE 1783 - DONE 1777 SWING RANGE 1777 EMA5 CROSS AND LOCK BELOW 1763 WILL OPEN THE LOWER LEVELS 1760 1750 1741 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
REVEALED: THE DOW JONES 30 What, Facts and Make-upAll index traders trade it... But do we know anything about The Dow Jones? I'm going to break down what it is, some interesting facts about the Index and what companies makes up the index. Save it because it's all you need for the Dow Jones. WHAT IS THE DOW JONES? The Dow Jones 30, or DJIA or "The Dow" is a stock market index that reflects the performance of 30 large, publicly traded companies listed on the New York Stock Exchange and the NASDAQ. INTERESTING FACTS! 1. The index was created by Charles Dow, editor of the Wall Street Journal, in 1896. 2. The DJIA is calculated by taking the sum of the prices of the stocks of the 30 companies included in the index, and then dividing that sum by a divisor, which is adjusted periodically to account for stock splits and other corporate actions. 3. The DJIA is considered a "price-weighted" index, meaning that the stocks with higher prices have a greater impact on the index's value. 4. The DJIA is one of the oldest and most widely followed stock market indices in the world, and it is often used as a barometer of the overall performance of the U.S. stock market. The DJIA is composed of a mix of blue-chip and cyclical stocks, which means that it tends to be more stable than some other stock market indices, but it can also be affected by economic and market cycles. The DJIA is often abbreviated as "the Dow" and is quoted in points, rather than dollars. For example, a DJIA value of 32,920 means that the index is at 32,920 points. WHAT IS MADE UP OF THE DOW JONES? 3M American Express Apple Boeing Caterpillar Chevron Cisco Systems The Coca-Cola Company DuPont Exxon Mobil Goldman Sachs The Home Depot IBM Intel Johnson & Johnson JPMorgan Chase McDonald's Merck Microsoft Nike Pfizer Procter & Gamble Travelers UnitedHealth Group United Technologies Verizon Communications Visa Walmart The Walt Disney Company Exxon Mobil What Index would you like to know about next? I'll write about it and post it here. Trade well, live free. Timon MATI Trader
DJ:DJIEducation
by Timonrosso
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. Although the chart structure is Bullish, and we are expecting another challenge to 1806 Goldturn, we must keep in mind this is a resistance structure and failure here may start with some retracement into the areas below. Our plans to continue to buy dips are still in play and we will keep the retracement levels in mind when planning entries. BULLISH TARGETS 1798 1806 EMA5 CROSS AND LOCK ABOVE 1806 WILL OPEN 1815 AND 1822 BEARISH TARGETS 1789 1783 1777 1769 EMA5 CROSS AND LOCK BELOW 1769 WILL OPEN THE SWING RANGE SWING RANGE 1754 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14