Get started

Tradingsystem

Sold the USDCADThis is a sell trade of which analysis I did before now however I did not publish it. For the sake of learning and journaling I am publishing it now. This trade like every other trade I take is a trend trade. The USDCAD is trending down and gave a new low, I simply find and mark out the high and label my preferred sell zone represented by the red box. A sell limit order is good for a trade like this. As we see the price pulled back to the sell zone and continued its trend down creating a new low. I took good profit with a 1:2 risk to reward ratio. What to expect? I keep it simple and repeat the same steps the gave me this trade. keep following! I will be updating the chart analysis on USDCAD and publishing it.
Short
by StephenAdeniken
GoldViewFX - FOMC MARKET UPDATEHey Everyone, AND........BOOOOOM!!!! FOMC plan executed and completing all targets on our 1H chart setup level to level. We will now track our 4H and Daily chart ideas for the remainder of the week (see related post below) BULLISH TARGETS 1931 - DONE 1937 - DONE 1946 - DONE EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN 1951, 1955 AND 1961 BEARISH TARGETS 1924 - DONE 1918 - DONE EMA5 CROSS AND LOCK BELOW 1918 WILL OPEN 1909 AND 1901 SWING RANGE 1901 - DONE LAST UPDATE Hey Everyone, As you can see our 1H chart is back in play as we find price playing between both structures with the retracement zone playing support again after riding back up from the swing range. We have FOMC today so extra caution in managing risk and range. FOMC PLAN Newbies should not trade FOMC, as too risky if you have not learnt how to manage swings. Overall we remain Bullish and therefore even if price drops due to news, it will find its way up again. Therefore, we need to keep this in mind and wait for better entries entry should the price drop. Our plan to buy dips remains in play. EMA5 is bouncing between 1924 and 1931 Goldturn levels. We would look to see which is broken with EMA5 first to track movement to the next Goldturn. As we stand all our bearish and 1 bull target has been HIT with only 1937 and 1946 left in the range. 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
22
How to never break your Trading Account?Follow We Trade Waves 4 Golden Trading Rules! 1) Do Not Over-Risk Big Risk = big loss = potential big profit | Small Risk = small loss = potential big profit (Read this again) 2) Do Not Over-Trade Successful trading is not about trading often, it's about being selective and trade correctly! 3) Do Not Trade Without Stop Loss Check GBPAUD, CHFJPY, GBPJPY Daily chart and you will see market sometimes move thousand pips within minutes! 4) Never Ever Add To Losing Position While you are thinking that you will break even faster which is true! you will be doubling, tripling your risk at the same time! Print above rules and keep them in front of you while trading DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis. Trade with care WTW Team
Education
by WeTradeWAVES
2
XAUUSD, pushed by the Central Banks Still in an upward underlying trend, the price of gold seems to have formed a chartist figure, the flag would imply a slowdown in the price since the rise in 2018. 

 The causes of this new rise in recent weeks is the fact that central banks have amassed a large amount of gold during the third quarter. At first, the price could continue its rise up to $1900, then on its ATH of $2070. 

Otherwise, if the price sinks below 1600 points, we could expect a return to the $1500 zone.

OANDA:XAUUSD
by ATM_INVEST
Why you should never HOLD a boring trade - Rule I followGet in and get out in the shortest time possible. This is the science of successful trading. But what happens when a trade turns out to be more like a non-performing investment? When you hold a long-term trade, there are a few issues that will follow including the: Opportunity cost You can find other higher probability trades, instead of having your money tied up aimlessly in a sluggish market. Unnecessary impatience You’ll eventually feel rather anxious and frustrated holding onto a long-term trade, when you are better off trading in a market that is moving. The fake-out With an ongoing trade, the breakout pattern may fizzle out into a low probability fake-out trade (a trade that turns against you). I created a rule to avoid this situation from ever occurring again. I call it a time stop loss... After 7 weeks of holding a trade, exit the trade and look for a better opportunity. Worst case you take a smaller loss than you thought. Best case you take a smaller profit than you expected. But you'll stop holding trades that aren't performing and stop paying daily costs with trading.... Sound good? Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
2
GBPUSDGBPUSD: According to monthly timeframe, market is oversold. Market has been at its lowest dated back to 85'. September candle closed with wick rejection bullish (doji candle). market has potential retest of monthly support becoming resistance. Due to the above I therefore believe the market may need a correction before a potential run bearish again. Daily timeframe shows strong bearish trend. Support at bottom blue level, and resistance at top blue level. We are still within a daily ABCD Fibonacci sequence bearish. A break below daily trendline support in September thereafter the market made a huge pullback to 61.8% retracement level. Potential Gartley sequence forming should the market find support at bottom blue level where we can expect the market to begin a rally towards the top blue level for resistance and then continuation bearish for future daily low and future daily fibonacci target. If dollar strength continues one can expect the continuation to play out, if dollar losses strength we can expect a new bullish trend for the longer term. If the market breaks above resistance trendline and does not form the "D" gartley at this level I'll step back and not expect the bearish continuation until further analysis. Of course this is a long term setup, so this could take weeks/ months/ years. But the important thing is getting direction right which will give a trader an edge on the market and to deploy their selling or buying strategy. #Successformula
by TradingfortheFuture_