GOLD "Friends, if you trade, always make sure to set a stop loss and take profit. Stop loss means limiting your losses, while take profit means securing your profits. Both are essential for safe trading." BTCUSDTBTCUSDGBPUSDUSDCAD
GOLD "Friends, stay alert in the market next week and trade cautiously. There might be good movement in the market next week, so you need to make careful decisions. Take advantage of the right timing and follow your strategy to avoid losses." BTCUSDEURUSDGBPUSDBTCUSDT
EURUSDGBPUSD bearish trend looking heavy on HTF…potential 800PIPS drops on EURUSD incoming. We might see massive moves before or during trump inauguration(link in bio for full analysis)
DXYEURUSDGBPUSD Very red week for bonds. As long as treasury yields keep rising, so will the Dollar, it's that simple. However, with CPI being softer than expected this week, this is the type of catalyst that could signal to the FED that their rate cutting cycle isn't finished yet, as long as the data from here on out can hold some kind of consistency.
I'm still holding firm to my bias that this year will be very bullish for risk assets. Time will tell.
Some of you may skip this, but it’s very important. For those who do, save it. Last time we spoke about the right mindset. Today we will talk about the power of pre-planned analysis. The power of pre-planned analysis? What is this and why is it important?
Creating a pre-planned analysis is a crucial step towards becoming a consistent trader. Why? Simple. Before you put together a piece of furniture from IKEA, you have the guide on how to put it together right? Consider a pre-planned analysis as that guide. With marked key levels, important prices and uptrends/downtrends marked, you have a pretty good guide to put together a nice trade.
How many times have you as a trader entered a trade on LTF (Lower Time Frame) and then wondered why the trade is going against you? It looks bearish! It should go down! But it hits your stop loss.
The truth is, you don’t have a long-term pre-planned analysis. You are lost. You are guessing, as much as you don’t want to admit it. Then the comments such as “market is being manipulated”, ah gold is “SL hunting”. No. You are not prepared.
Majority of the time, you think you are right but you are missing the bigger picture. And losing causes stress. Stress causes more losing or even worse, blown accounts.
To avoid being in the dark, and making these mistakes, having a pre-planned analysis is crucial.
Did you notice anything? Did you see how we prepared for all outcomes? What did gold do? It broke from 2666 all the way up to 2690. After that we already anticipated sells or pullbacks back down to 2666 where we hopped into buys. Riding those buys we gained over +500 pips once gold reached 2714.
THE POWER OF PRE-PLANNED ANALYSIS.
While majority of people were lost, asking why gold is moving as it was, everyone calling the tops, talking about ceasefire.. nothing stopped gold. And it was all shared in the pre-planned analysis.
I am giving you a challenge. Create a long-term analysis. Share it. Follow it and see what happens. See where you made mistakes, how certain key levels affect the price. Come back after a while and share your progress.