Tradingplans
BSDE: INDICATION OF POTENTIAL REVERSAL IN REAL ESTATE STOCK?Hello Stock Market Enthusiast! Here's the Long-term outlook for BSDE , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion in the Comment Section below :)
BSDE is broken out of the falling wedge pattern. The golden cross signifies a potential bullish movement ahead on BSDE, potentially to the target area.
The roadmap will be invalid after reaching the support/target level.
Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
INDF: Consumer Good Sector is Reviving, a Bullish Outlook ahead?Hello Stock Market Enthusiast! Here's the Long-term outlook for INDF, Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion in the Comment Section below :)
INDF is broken out of the descending broadening wedge pattern. The golden cross signifies a potential bullish movement ahead on INDF, potentially to the target area.
The explanation is already presented in the chart.
The roadmap will be invalid after reaching the support/target level.
Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
EURUSD Trading PlanBuy 1.07000-1.07300
Stop Loss 1.05500-1.06200
Target 1.08000-1.09000
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GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this chart from last week, which has been playing out perfectly! Hitting level to level in sequence, finishing off Friday with our final TARGET hit.
We had the 1862 target HIT and now rejected here and potentially opening retracement to 1842 zone. However we are expecting 1862 to be hit again, as our next TARGET and we also have a gap open to 1879. 1879 is still quite far off and therefore targeting buys from dips and banking 30 to 40 pips at a time is the safer strategy for this market, when chasing a trend in volatile conditions.
BULLISH TARGETS
1862, 1879
RETRACEMENT TARGET
1842
SWING RANGE TO MANAGE RISK
1835
As always we will keep you all updated with any changes to our setups, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHO
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
We have updated the Goldturn levels and the Goldturn support trendline accordingly. We remain Bullish buying from support levels and riding the move up from the low 1800s. We will keep the swing range in mind to manage risk. A break below the swing range will change the structure in the short term.
We are also comfortable in taking any SELL signals alongside BUYS keeping in mind we have a retracement range.
BULLISH TARGETS
1857, 1860, 1866
RETRACEMENT TARGETS
1851, 1845
SWING RANGE TO MANAGE RISK
1836, 1830
As always we will keep this chart updated daily and keep members informed of any changes to our plans throughout the day with regular updated. Please don't forget like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldviewFX - Market UPDATEHey Everyone,
As you can see our Goldturn channel trendline is playing out perfectly. We are seeing price challenge the lower Goldturn trendline and whilst we had a break below 1851 like we identified it went and HIT the lower levels 1846, 1841. However EMA5 did a perfect turn and created a new Goldturn 1848 above the ascending Goldturn trendline providing the perfect support for the push up.
We took a sell using ema and ma setup to catch the sell and now the ride up. As usual we will be taking buys from our algo generated intraday levels we share with our members daily and banking 20 to 30 pips at a time to to avoid swings.
BULLISH TARGETS
1855, 1860, 1865
BEARISH RETRACEMENT TARGETS
1851, 1846
As always we will keep you all posted with regular updates throughout the day and with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
SANDUSDT: Bearish Symmetrical Triangle, Going to Under 1 USDT?Hello Fellow Sandbox Investor/Trader, Here's a Technical outlook of SANDUSDT!
Support our content by smashing the like and follow button, you also can share your opinion on the comment section below.
SANDUSDT has broken out of the symmetrical triangle pattern. The breakout accompanies by increasing volume which indicates a potential bearish bias ahead. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to buy or sell the cryptocurrency"
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
We have updated the 4H chart with weighted Goldturns and TARGETS and a Goldturn trendline support to identify the potential swing.
We have candle body close above 1843 opening 1862, as a target. Ema5 cross and lock will make this target stronger. Failure to cross this and a new Goldturn below this level will see price retrace back for the updated swing range.
BULLISH TARGETS
1862
BEARISH TARGETS
1843
SWING RANGE
1826
As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART MARKET UPDATEHey Everyone,
We are sharing our DAILY chart setup here with a longer range/term view, which is playing out perfectly. Price found support at 1804, which we already highlighted in advance, as a retracement support zone. This held well, followed with a push up heading towards the next significant GOLDTURN 1858. This gap is now open on the DAILY chart, as the next target.
EMA5 break and lock above or below these DAILY levels will give us an indication of the longer range direction.
BULLISH TARGET
1858, 1899
BEARISH TARGET
1804
SWING RANGE
1741
As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Another awesome day for us and our followers. As you can see our chart idea is playing out perfectly and in sequence. We rode the movement upto 1836 and now we are seeing the retracement. We are hoping to see if price finds support at 1811-ish zone for another push up back to 1836 challenge and beyond. If 1811 fails to hold then we will see the full support range being tested down to as low as 1788.
DAILY CHART
This chart was posted on Sunday and this is also playing out, as planned and gives an overall picture of the support zone we identified at 1804. Todays daily candle also bounced off MA200, which indicates some further movement down before heading back up.
We are at a very tricky range with multiple setups in place for buys and sells. The safest strategy for us is to wait patiently like we did today and just take those sniper entries with no big commitment to LOTS or direction.
In the short term we are expecting some movement down, as we are witnessing now, followed with a push up.
As always we will keep you all posted throughout the day with updates and any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Trading the bleeding markets with a winning mindset ;)There's a great struggle going from profit to loss.
A burst of a bubble, which in it's essence is hope.
But this is false.
The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper?
Truth is - It doesn't.
But what it does do is play with your emotion.
Our mind has a tendency of expecting the worst once things start rolling in that direction.
Take a step back and think about what life threw at you so many times in the past, think about the times you thought things are going to end up the worst but actually didn't.
It could be you planned a nice day outside with your partner in the park but it started to rain.
But instead of crying about the day wasted and how this is just awful, you ended up cooking together a nice lunch and drinking wine while finding a new great TV show to watch, ending up being one of the best days in a while.
Not let's roll back to trading.
And let's cut out negative thinking completely just for 3 minutes and look only at the positive.
Positive points -
1) Cheap instruments all around to invest in
2) Great practice of mental skills while trading, which truly is the most influential aspect of mastering trading
3) It reminds you the very basics of trading that we lose track of once markets start flying up - Buy low, sell high.
4) Opportunity, opportunity, opportunity - Every time you would have bought into the stock market, over a few year period you would make great returns, same thing goes even for people who bought Bitcoin after the decline of 2018 and pretty much any other pop financial instrument.
5) You're a day trader? Great! Volatility is amazing if you have a strategy which is disciplined and consistent as well as based on risk management.
See how bright the light shines at this very moment?
Keep it. Be positive. Be hopeful. Be practical.
The negative quotes such as -
I can lose everything!
It's never going to rally back!
This is taking too long!
I don't have patience for this!
This is turning out to be so not fun!
I didn't expect to hold this trade this long!
How will any of this benefit you in any way? Where's the logic? Where's the gain? Where's the analysis? Where's the market view? Where's the money management?
Only look at what is relevant to your success. Block the negative, ignore it completely as much as you can and eventually always.
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Thank you so much for reading! I hope you found my idea useful, if you did, please like and follow! It would mean the world to me.
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GoldViewFX - END OF WEEK UPDATEHey Everyone,
PIPTASTIC finish to the week!!! All our ideas played out perfectly with targets and TPs HIT. Please review all our ideas to see how well they were all planned and executed!
We thought we would finish off the week with the daily chart to keep in mind the long term Bullish structure, the potential retracement range and swing zone and the well respected Goldturn trendline that is being respected.
We will come back Sunday with updated 1h and 4h chart with upto date Goldturn levels and targets and a plan for the week.
Hope you all enjoy your weekend and lets hope for another great week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
US30Y: Rising Yield as the expectation of Rising Interest Rate?U.S. Inflation has surged significantly to 8.5% in March 2022, It hits a new forty-year high. As the Inflation keeps increasing month over month, The Federal Reserve is committed to tackling inflation by Rising Interest Rate, potentially 0.50% in May 2022. The rising interest rate will cause bond prices to fall. Consequently, The Bond yield will be increased.
Chart Perspective:
US 30 Years Government Bond Yield (US30Y) has broken out of the falling wedge pattern. US30Y is also accompanied by a golden cross on the MACD indicator.
We conclude from the macro and chart perspective, That is a potential bullish outlook for US 30 Years Treasury Yield.
The roadmap will be invalid after reaching the support/target area.
*Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
We have updated the Goldturn support and resistance levels on the 4h chart and we can see 1884 providing support with a new Goldturn. As long as we see EMA5 remain above 1884 we should resume back to a Bullish movement and range into hitting the immediate Bullish Targets.
If we see EMA5 break 1884 then we may see a deeper correction the 1835 inline with the Goldturn trendline support otherwise we remain confident to see price climb back up again.
Bullish Targets
1914, 1930, 1939
RETRACEMENT RANGE
1884, 1869
Our plans are to take buys from support levels and bank 20 to 30 pips at a time to avoid getting stuck in any swings. We will only take sells should we get a strong signal activate.
As always we will continue to update any changes to our plans daily.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H & 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
Being patient while price worked its way down, paid off. We avoided getting stuck while we completed the bull run with all targets HIT, without getting stuck using our strategy. We took sniper entries with safe exits and today we started to take sells with our Sell signal HITTING TP.
The 4H chart GOLDTURNS have been updated and we can see we have a EMA5 break and close below 1896 opening TARGET to 1881 (complete) and 1869 with a retracement range of 1914.
Please see 1H CHART below with updated lower GOLDTURN levels. We have broken out of two ranges and EMA5 has also crossed and locked below 1888 opening the lower levels of 1885 and 1877. We still have a retracement range of 1907 and 1917. A retest and failure on these two resistance levels will give us more confidence in adding to our SELL targets.
We are trading small LOTs to avoid getting stuck as the upper range is still in view and we have some retracement due when the steam runs out. This is where we need to be careful, as BULLISH retracements can easily gain momentum when the Bulls make a run.
As always we will keep you all updated with and changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
MAIN ELEMENTS OF YOUR TRADING PLAN | Trading Basics 📝
Hey traders,
One month ago I wrote an article about the importance of a trading plan. Now it is time to discuss what should be inside your trading plan.
Before we start let me note that a trading plan is a very personal thing and depending on your personality you may have some other elements. In this article, we discuss key elements that must be in every trading plan.
🔰Trading Strategy.
I want you to realize that a trading strategy is not a trading plan. A trading strategy is simply one of its main elements.
A trading strategy defines a set of rules and market conditions that one is looking for to open a trade and then manage that.
🔰Trading Time.
Relying on your trading strategy you should know exactly when you trade. The time range must be precise and fixed. If you think that today you can trade the opening of the London session, tomorrow the Asian one, and then the US opening, I have very bad news for you.
Your trading hours must be fixed and objective.
🔰Trading Instruments.
As with your trading time, you should have a fixed trading list. A set of financial instruments that you monitor on a daily basis.
🔰Trading Journal.
You should learn to journal your trades. Just a single performance is not enough. You should note the exact market conditions that made you open the trade and many other factors that you consider to be important.
Then learn from your mistakes and improve your trading strategy based on your journal.
🔰Risk Management.
Having the best trading strategy in the world one can fail simply because of neglecting the rules of risk management.
Define your risk per trade, maximum drawdown, and biggest losing streak you can take.
Optimize your trading to keep your losses under control.
Of course, that list can be extended. We can add, for example, trading psychology into that.
As I said, a trading plan is a very personal thing and while you mature in trading it will become more and more sophisticated.
The elements that we discussed in this article are crucial for your success in trading. In my view, their absence will lead you to a failure.
What do you want to learn in the next article?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
📌What is a 'TRADING PLAN' ; and Why ❕❓There is an old expression in business that, if you fail to plan, you plan to fail.
CONCEPT OF TRADING PLAN
What is a Trading Plan?
In business school, you are taught that to start a business you need a business plan. Trading is a business. Therefore, every time you trade you must be trading according to a well-thought-out and calculated plan.
A trading plan is a comprehensive framework that guides your decision-making in any trading activity you undertake. A trading plan is to and what a business plan is to a business. As the adage goes, ‘if you fail to plan, you plan to fail’. This is especially true in where risk is ever-present in the markets. A trading plan is not merely a trading strategy. A trading strategy will guide how you will enter and exit trades in the markets in a manner that enhances profitability and reduces risk exposure. A trading strategy can be based on technical analysis or fundamental analysis. A trading strategy is just one component of your overall trading plan, which goes beyond that to also capture your overall trading goals and motivation, your trading journal , as well as your trading psychology.
GOALS of a TRADING PLAN
Setting goals can help, but often novice traders set the wrong type of goals. As a novice trader your initial goals should help you eventually make money and more important than that is when you achieve goals , but making money should not be your main goal. Instead, opt to make your initial goals about the process and emulating traits of professional traders.
Initially, traders want to make goals about numbers: "I will make 1% per day on my $30,000 capital," or "I will make 30% per year." While it seems simple, to actually get to a certain percentage or to reach dollar targets, you will need to refine your market approach and hone your discipline. By plunging into the market and expecting to make a certain amount of money, the goal becomes almost impossible to reach over the long term. These types of goals require the trader to truly understand the capabilities (and limitations) of the trading plan they are employing, not just think they understand.
Based on the method being used, it may be impossible to reach a dollar or percentage goal, but it still could be valid and provide a good return. Therefore, the trader must either abandon the strategy or deviate from it in an attempt to find more yields. For many traders, this becomes an endless cycle of abandoning strategy after strategy.
STRUCTURE OF TRADING PLAN
There are seven easy steps to follow when creating a successful trading plan:
1-Outline your motivation and desire.
2-consider money management rules and determine how to minimize your risks and maximize profit .
3-Define your (short-term ,mid-term & long-term) goals.
4-Define your trading style ( scalper- day trader - swing trader - position trader- options)
5-Decide how much capital you have for trading.
6-choose your market(stocks-forex- crypto-..) and products and Assess your market knowledge.
7- improve your trading psychology and start a trading diary.
Strategies of Trading Plan
How do you develop a trading strategy plan?
Follow these steps to forming your first trading strategy:
Step 1: choose Your analysis approach whether is price action , harmonic patterns , Elliot waves or with indicators ....
Step 2: analyze your market situation and predict all possible scenarios
Step 3: Choose A Trading Time Frame. ...
Step 4: Choose A Tool To Determine The Trend (Or Lack Of) ...
Step 5: Define Your Entry Trigger. ...
Step 6: Plan Your Exit Trigger.
STEP 7: Take a proper position size
STEP 8: DEFINE YOUR RISK and Choose a risk-reward ratio
STEP 9: BACKTEST and DEVELOP YOUR TRADING STRATEGY
the most trading strategies will fall under 4 main categories: breakouts, trend-following, counter-trend and market reversals.
So if you look at your strategy, you want to be able to see which category it falls under so that you can better understand, what are the strengths and weakness of each strategy.
FINAL THOUGHT:
SO Why is Having a Trading Plan Important?
The ultimate aim for any investor or trader is to achieve consistent profitability in the markets. A trading plan is a guide that ensures you will stay on track on your journey to your desired destination.
It does so by:
-Making Trading Simpler
It is easier to do something when you know what must and should be done. A trading plan lays out all the criteria that must be met before any trading decision is made. It will always point you in the right direction no matter the distractions present.
-Enhancing Objective Decision Making
Trading is about decisions. Good decisions will make you money, while bad decisions will cost you money. Having a trading plan ensures that you will make objective decisions at all times; and not subjective decisions that are driven by emotions which can eventually cost you a lot and put your trades and capital at risk.
-Building Trading Discipline
Trading is a marathon, not a sprint. It is important to build a solid trading plan and following it with religious discipline throughout your entire trading activity. This is the only path to long-term, consistent profitability in the markets. While traders will generally follow the daily financial news, , such as the , , or , and to pinpoint potential trading opportunities, sticking to your trading plan is of utmost importance.
-Highlighting Areas that Require Improvement
One of the side effect and core components of a trading plan is improving the trading journal, which is essentially a diary or record of your trading activity. Journalling your trading activity will help you to assess the performance of your trading strategies as well as other factors of your trading plan, such as risk management and trading psychology. This will, over time, highlight the areas where improvements can be made to help you become a better trader.
sources:
investopedia.com
tradingsetupsreview.com
avatrade.com
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate
BULLISH OUTLOOK STILL PREVAIL ON BRENT OIL, MOVING ABOVE $100?Hello Fellow Commodities Traders!
From technical perspective, UKOIL has broken out of the pennant pattern. The price action also indicated a potential bullish movement on the long run.
All explanation will display on the chart.
*DISCLAIMER:
This isn't a recommendation to buy or sell Brent Oil, only an Outlook from technical perspective.
*FOLLOW and LIKES FOR MORE CONTENTS AND UPDATES*
