NZDCAD ____ TRADE IDEA FOR DAY TRADERSHello Day Traders,
I come bearing bearish fruits.
This trade is simply a continuation of the bearish trend. Looking at the daily chart, you will notice that the price structure in the past couple of days is bearish. Also, there was a price manipulation to the bullish side yesterday. This is very visible by just looking at how yesterday's candle closed.
My speculation is that price would retrace into one of these order blocks and confirmation for the bearish continuation would be seen on lower timeframes. Which one of the order blocks would hold? well, I don't know but we shall see.
I would like to also state that price might just continue selling to the target price without giving a retracement to any of the order blocks.
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Cheers,
Jabari
Tradingstrategies
GBPUSD ____ TRADE IDEA FOR DAY TRADERSHello Day Traders,
What you can see is a sell setup on GBPUSD... Looking at the daily timeframe, you would notice that this pair is bearish in structure... Although the bullish rally is drawing closer, it is always advised you trade what you see not what you want the market to do.
The daily chart shows that there is likely to be another daily bearish candle and looking at the 1-hour timeframe, it is clear that we have sell-side liquidity to sweep. It would be nice to see if price will trade into the order block before going to sweep the sell-side liquidity.
Once price trades into the order block and there is confirmation in market structure shift from bullish to bearish, the target would be to hunt the sell-side liquidity as marked on my chart.
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Cheers,
Jabari
GBPSGD _____ TRADE IDEA FOR DAY TRADERSHello Traders,
I know this pair is not one that most people trade, however, the price structure of this pair presents a short trade for day traders.
This pair has some bearish juice in it and based on the price structure, this pair is retracing after the bullish rally. If you look closely at how yesterday's candle closed, you will notice that the price was manipulated to the bullish side only to close bearish. Hence, a bearish continuation is probable.
I'd like you to look at my speculation on GBPUSD for day traders (inserted below)
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GBPUSD ANALYSIS
Cheers,
Jabari
CRVUSDT Presenting a Bullish Scenario? Curve Analysis Today💎CRVUSDT is presently navigating within a descending channel and making lower lows and lower highs on the 1D timeframe.
💎One critical point to notice is that it is positioned near a crucial support level, which aligns with the POC of VRVP.
💎 Just beneath, there's a pronounced demand zone and additional significant support that CRV could potentially approach for a retest.
💎 While there's a minimal likelihood that CRV may breach both these supports and persist in its decline, we're hopeful that CRV will emerge from this channel in the upcoming days.
💎Keep a lookout for further insights and relish your trading voyage with #MyCryptoParadise.
AAVE/USDT is about to Get its Wings Back | AAVE/USDT Analysis 💎 Currently, AAVE has emerged from its wedge pattern. Notably, the POC of VRVP is serving as foundational support, and we've witnessed a retest of this level.
💎 It's also worth noting that the price is navigating beneath the 50 EMA. If this trajectory persists, our TP1 could be reached soon.
💎 On the flip side, should the price revisit the support owing to market unpredictability, there's potential for consolidation. Heightened sell-offs could then challenge the bullish trend.
💎 Stay updated with a precise analysis of your assets and enjoy your journey with #MyCryptoParadise
4HR: $LINK; Sizing Up- Too Much Demand?BIST:LINK at a key inflection point where sellers are trying to push price down, however buyers seem to be soaking up the demand and I would say it is a range bound asset between these areas. I pointed out 2 times via prior history where the demand shows to be too much for bears to bring down, as buyers push for a 10% mark-up once confirmation is in.
IF BIST:LINK can confirm that these lows are in fact the bottom of the range i.e the potential double bottom, history shows that link typically swings upward of 10% once the bottom is hit and support broken/confirmed
Just my thoughts and how one would use history to size up a asset and possibly put in a position and the arguments why.
Thanks for reading
CADCHF ____ INCOMING BEARISH MOVEHello Traders,
Let's review CADCHF together...
On the monthly timeframe, price should continue the bearish move... also the last month's candle represents a bearish continuation candlestick.
On the weekly timeframe, you will notice the massive dump in price and how the price started retracing then printed a bearish continuation candle. Most times, when price dumps with speed, it hardly retraces higher... it makes a little retracement and continues the bearish move. This little retracement formed relatively equal lows (sell-side liquidity) which price will hunt.
On the daily timeframe, you can see the sell-side liquidity clearly and you will also notice that I had marked two daily order blocks which price hasn't gotten to... but I notice price has formed a bearish CHOCH which could mean that price might likely not get to the two daily supply order blocks above because of the bearish momentum.
I have updated my chart and inserted the daily order block formed by the bearish CHOCH.
I'd wait for price to trade into the daily supply order block then go to the 1-hour chart for my trade setup to go short if it presents itself.
See below correlated pairs: EURCAD & GBPCAD
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EURCAD ANALYSIS
GBPCAD ANALYSIS
Cheers,
Jabari
GBPAUD ____ INCOMING BULLISH MOVEHello Guys,
This pair is on my radar for one very strong reason amongst others... which is... in the monthly timeframe, the price is to continue the impulse leg... in the weekly timeframe, the price is printing the impulse leg and in the daily timeframe, price is retracing which I expect will get into the daily order block then continue the rally that is expected on the daily, weekly and monthly timeframes.
You will also notice that the price has formed relatively equal lows (sell-side liquidity) on the lower timeframe which I have indicated on the chart for you to see which is just above the daily order block. As we know, liquidity and imbalances are what attract price... hence, I expect it to be swept which gives more reason why price might get to the daily order block.
Once this happens, I will go to the 1-hour and wait for my trade setup to go long.
My target price is gotten from the weekly chart.
See correlated pair analysis: EURAUD & GBPCAD
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EURAUD ANALYSIS
GBPCAD ANALYSIS
Cheers,
Jabari
EURAUD ____ INCOMING SHORT-TERM SELL -- LONG-TERM BUYHello Guys,
EURAUD, just like EURNZD (See analysis below) in my speculation is poised to continue the bullish drive. However, there might be a bearish opportunity that will form the retracement for the bullish drive.
Price is trading at a key level from where the retracement might start. However, if the price would just wick above the previous high, I would love it... as it would entail that we have swept liquidity which would give momentum for the bearish move (retracement).
See below correlated pairs: EURNZD & EURAUD
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EURCAD ANALYSIS
EURNZD ANALYSIS
Cheers,
Jabari
EURNZD ____ INCOMING BULLISH MOVEHello Guys,
Let's break down EURNZD together...
On the monthly timeframe, we can see that the bullish rally is meant to continue as the retracement seems completed.
On the weekly timeframe, you will notice that price formed relatively equal highs (buy-side liquidity) which as you will know attracts price to sweep it. You will also notice that last week's candle depicts the continuation of the impulse leg.
On the daily chart, we have a W pattern that is currently trading at a supply level (this could give cause to the retracement). You will also notice the order block of the daily chart is the same as the weekly chart.
What next you may ask... I will be looking to capitalise on a short-term sell if I get an opportunity with my target to be the order block below... and I will monitor price once it enters the order block to go long.
I have 2 targets for my bullish trade... the first one (yellow line) was gotten on the weekly timeframe while the second one (red line) was gotten on the monthly timeframe.
Do you like the way I did this analysis?... should I continue in this form? let me know in the comment section.
See below for EURCAD analysis.
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EURCAD ANALYSIS
Cheers,
Jabari
GBPCAD ____ INCOMING BULLISH MOVEHello Traders,
Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary.
GBPCAD printed a bullish CHOCH on the daily chart which retraced and reacted nicely. I have adjusted my daily order block accordingly and I am waiting for the price to retrace into the order block to go long. Although I am speculating on higher price movement, if I am able to enter the trade, I will look to exit at the daily supply order block.
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EURCAD ANALYSIS
Cheers,
Jabaro
EURCAD ____ INCOMING BULLISH RALLYHello Guys,
EURCAD price movement is one which is of great interest to me and is on my radar. The monthly, weekly, and daily structures are all aligned for a bullish rally.
You'd notice that the price, however, didn't get to the weekly order block but it doesn't necessarily have to because price has formed a bullish price action on the daily chart hence the daily order block you see on my chart.
All I have to do is wait for the price to enter the daily order block and I will go into the 1-hour timeframe and look for my trade setup to go long.
I'd suggest you also monitor this pair.
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Cheers,
Jabari
AUDJPY ____ BEARISH MOVE CONTINUATIONHello traders,
AUDJPY has printed 2 weekly bearish candles in the retracement of the bullish move on the weekly chart. Also, you will also notice I have marked out the weekly demand order block which I am expecting the price to get to.
I'm looking to join in the bearish continuation once the price trades into the weekly supply order block. The blue line you see is a key level on the daily timeframe that the price is yet to mitigate.
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Cheers,
Jabari
Bitcoin 4 Hours Time Frame Squeeze TimeTime to be focus now guys. August in. Let me tell you what I'm seeing:
- We are in between 2 liquidations poins (bearish-purple / bullish-green horizontal bars)
- My Indicator (Stop Loss Identifier): red and green lines getting closer after test on bullish SL without strenght to pop
- My Fibonacci Retracement Levels Strategy: Golden Pocket (orange lines) rejected 5 times and broke the level below as well and tested the next one where we can see the price sequeezing between the 2 liquidation zones.
Understanding the Differences between Traders and Investors
Trading and investing are two approaches to the financial markets, each with distinct characteristics and objectives. While both involve buying and selling financial instruments, understanding the differences between traders and investors is crucial for anyone looking to navigate the markets effectively. This article will provide an in-depth comparison between traders and investors, highlighting their key differences, strategies, and goals.
1. Time Horizon:
Traders: Traders aim to profit from short-term price fluctuations. They closely monitor market trends and frequently execute orders within hours, days, or weeks.
Investors: Investors focus on long-term growth and may hold their investments for years or even decades.
2. Risk Tolerance:
Traders: Traders are often comfortable with higher levels of risk, as they aim to profit from short-term market volatility.
Investors: Investors tend to have a more conservative risk appetite. They prioritize capital preservation and are willing to ride out short-term market fluctuations for potential long-term gains.
3. Trading Strategies:
Traders: Traders utilize a variety of strategies such as day trading, swing trading, and scalping. They rely on technical analysis, charts, indicators, and patterns to make rapid buy and sell decisions.
Investors: Investors typically adopt a buy-and-hold strategy, focusing on long-term trends and the fundamental analysis of companies or assets.
4. Market Focus:
Traders: Traders often concentrate on specific markets or asset classes, such as stocks, currencies, commodities, or derivatives.
Investors: Investors have a broader focus, investing in diverse asset classes such as stocks, bonds, real estate, or mutual funds. Their goal is to create a well-diversified portfolio for long-term growth and income generation.
5. Profit Objectives:
Traders: Traders aim to generate regular, short-term profits. They capitalize on market inefficiencies, fluctuations, and price movements to execute trades and make profits from both rising and falling markets.
Investors: Investors are primarily focused on long-term capital appreciation and income generation. They typically seek to benefit from the overall growth of their investment portfolio over a more extended period.
6. Emotional Factors:
Traders: Traders usually need to stay emotionally detached from their trades, as rapid decision-making and swift actions are often required. They often practice disciplined risk management and maintain strict control over emotions like fear and greed.
Investors: Investors have a more relaxed approach and can afford to take a long-term perspective. While they still need to manage emotions during market downturns, their investment decisions are less driven by short-term market fluctuations.
Conclusion:
Understanding the differences between traders and investors is crucial when deciding which approach aligns best with your financial goals, risk tolerance, and time commitment. Both trading and investing have their merits, and individuals may choose to adopt either approach or a combination of both. By considering factors such as time horizons, risk tolerance, strategies, and goals, individuals can effectively navigate the financial markets and work towards achieving their desired outcomes.
What do you want to learn in the next post?
NZDCHF FORECASTFrom few days market is moving side ways in downward direction; and right now market made support here and tries to move upward from here and break the downward trendline if price successfully breaks the trendline and 1st resistance then we can expect a bullish markert. wer can open a buy trade when the market comes for a retest.
EUR/CAD Potential Bullish Momentum on the HorizonEUR/CAD returned to the Fibonacci 0.618 level after the previous uptrend, reaching a significant support and ascending trendline. From here, I expect further upward movement towards higher key levels. On lower timeframes, I'm looking for confirmation signals to go long.
1D:
If you find it useful, like, follow, share!
Happy trading!
THIS IS THE REASON YOUR STRATEGY DOESN'T WORKThe title is brash, I know. But before you click away, answer these two questions:
1) How many strategies have you tried?
2) How many strategies have you backtested through several years and thousands of trades?
If you have tried more strategies than you've backtested rigorously, then stick around because that's probably the reason why you're losing money.
Imagine this. Florence is a novice trader. He's seen the thousands of dollars in profit a kid 10 years younger than him can generate. He's seen the kid flexing his Lambo on Instagram. The kid mentions RSI a few times, so Florence assumes the RSI indicator is the secret to insane profits. Florence is chomping at the bits and loads up a fresh Webull account with $3,000. Every time the RSI is above 70 on a stock, he shorts that stock.
Lo and behold, after 5 trades, Florence's account now sits at $2,300. He concludes the indicator does not work.
Florence perseveres and is determined to find the secret strategy to quick profits. He scraps the RSI and studies "support and resistance" trading from a few youtube mentors. He reloads his Webull account back up to $3,000. With a refreshed vision, he shorts anytime a stock is at resistance and longs anytime a stock hits support. Sadly, after 10 trades, his account is down again, this time to $2,600.
Florence is flabbergasted.
The story goes on. He attempts implementing strategy after strategy and continues to lose money. Unfortunately, many of us are Florence. We did what he did. We got into the game without a blueprint or game plan.
And this is why my title is brashly stated, "If you don't read this you are going to lose money," because it's true. If you resemble Florence even in the slightest, basing the success of your trading strategy on a handful of trades, then how do you expect to know what strategy is actually successful?
I don't blame you for approaching trading like Florence. In today's age, we are seeing the market oversaturated with traders and trading coaches, or even worse, "trading influencers". As with any influx of the masses, we are going to get the scumbags trying to get you to buy their image and product by falsifying the simplicity and ease of trading.
If you are jumping between strategies without quantifying its success and failure rates over thousands of scenarios, then stop trading right now because you are going to continue losing money. Find a backtesting service or at the least log every single trade you take. Whatever it is, slow down and find proof of failure before declaring failure. I don't want you to fall into a never-ending hole of searching for the "right" indicator/strategy. The truth is, most of the strategies you've thrown away probably work and you don't even know it.
GoldViewFX - Market UPDATEHey Everyone,
We got the break above the channel and 1976 which followed with a nice push up during Tokyo session allowing us to take profit for 50pips. However, the full gap to 1993 was not complete and now open.
Price has now dropped back into the channel breaking 1976 towards 1963. 1963 zone is also inline with the channel half-line and will likely provide support for a bounce. A break below the half line will see the channel bottom tested.
We will keep these retracement levels in mind when buying dips inline with the overall Bullish trend. Managing a tight risk allows us to manage the swings to fall back into the wave.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our Goldturn levels.
Our long term projection still remains Bullish but bearish level targets are due for correctional retracements.
BULLISH TARGETS
1963 - DONE
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976 - DONE
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
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