LORDOFTHETRADERS

LORDOFTHETRADERS Feb 3

When someone says "ChatGPT bullish for 1000 pips," they likely mean that they are predicting a significant upward movement in a currency pair or financial instrument, in this case, around 1000 pips (percentage in point). A "bullish" stance typically refers to expecting the price to rise. In forex trading, a pip is the smallest price movement that a currency pair...

LORDOFTHETRADERS Feb 3

When you say "EURGBP bullish for 100 pips," you're forecasting that the price of the EURGBP currency pair will rise by approximately 100 pips. Let’s break down what this means and how it could unfold: 1. Bullish Trend "Bullish" indicates that you expect the price of EURGBP to rise in value, meaning the Euro will strengthen against the British Pound. ...

LORDOFTHETRADERS Updated  Feb 2

Technical Analysis: Trend Identification: If GBP/USD has been in a downtrend or showing signs of weakening, traders might predict further declines. Support and Resistance Levels: If the price is approaching a key resistance level and struggling to break through, there could be a short-term reversal, leading to a bearish move. Indicators: Indicators...

LORDOFTHETRADERS Updated  Jan 30

Technical Analysis: Look for key support and resistance levels, trend lines, and moving averages that might suggest the pair is in an uptrend. A break above recent resistance could signal a potential 100-pip move higher. Economic Events: Key data releases or central bank decisions related to the Eurozone and Canada (like interest rate changes or GDP growth...

LORDOFTHETRADERS Updated  Jan 29

Fundamental Drivers Global Economic Uncertainty: Historically, silver and gold are seen as safe-haven assets in times of economic stress. A significant crisis like a major recession, geopolitical tension, or even the collapse of major financial institutions could drive demand for precious metals. Inflation Concerns: High inflation or fears of currency...

LORDOFTHETRADERS Updated  Jan 29

Bearish Forecast (100 pips) Trend Analysis: A bearish forecast suggests that you expect the price of EURAUD to decline. This could be based on a technical setup, such as a clear downtrend or price action indicating weakness in the euro or strength in the Australian dollar. Resistance Levels: You might have identified resistance levels or technical...

LORDOFTHETRADERS Updated  Jan 28

Fundamental Drivers for GBPCAD Bearish Move Weakness in the British Pound (GBP): The British economy has faced challenges due to factors like: Post-Brexit Trade and Economic Struggles: Ongoing economic issues related to the UK's departure from the EU (Brexit) could weaken the GBP. Supply chain disruptions, inflation, and labor shortages are some...

LORDOFTHETRADERS Updated  Jan 28

Trail the Stop Loss: If you're in profit, you could move the stop loss up to a break-even point or closer to the current market price to secure some of your gains while allowing the trade to develop further. Partial Exit: If you're comfortable with the current profit, you could exit part of the position to take some profits while leaving the rest to run. Monitor...

LORDOFTHETRADERS Updated  Jan 27

. Entry Point: Current Price: Check the current price of USDCAD. A good entry would typically be on a pullback or a confirmation of bullish momentum. Technical Analysis: Identify a support level or a technical signal (e.g., price action, moving average crossover, or bullish candlestick patterns) to enter the trade. 2. Target (100 Pips Bullish): If...

LORDOFTHETRADERS Updated  Jan 27

XAG/USD (silver against the US dollar) for such a large move, like 10,000 pips, is extremely difficult and speculative. Typically, XAG/USD moves in a range of a few hundred pips per day or week, depending on market conditions, and 10,000 pips would represent a massive shift in price—around a $1000 move for a single ounce of silver. This would require significant...

LORDOFTHETRADERS Updated  Jan 26

echnical Analysis: Resistance Levels: If EUR/JPY is currently near a significant resistance level, a reversal to the downside could be likely. Trend Indicators: Look for confirmation from moving averages (like the 50 and 200 MA) showing a bearish crossover, or if the RSI (Relative Strength Index) is overbought and signaling a potential pullback. Price...

LORDOFTHETRADERS Jan 25

Technical Analysis: Resistance Levels: Identify recent resistance areas where price has struggled to break through. For instance, if GBP/CAD has recently failed to break above a certain level (e.g., 1.7000), this could act as a strong resistance zone where a pullback or short entry is likely. Trend Indicators: Moving Averages: Look for bearish...

LORDOFTHETRADERS Jan 24

Technical Analysis: If there's a strong resistance level ahead or if price is nearing an overbought condition (using indicators like RSI or MACD), a pullback could be expected. Fundamental Factors: Are there any upcoming events (such as economic data releases or central bank decisions) that might drive the pair down? Market Sentiment: Sentiment shifts in the...

LORDOFTHETRADERS Updated  Jan 22

1. Current Market Conditions & Entry Setup: Recent Price Action: Look for confirmation that USDJPY is in a bullish phase. If the pair has recently broken through resistance or is trending higher, a 100-pip move upwards is more likely. Support and Resistance Levels: Identify a key support level or price consolidation zone to enter the trade. For instance,...

LORDOFTHETRADERS Jan 21

1. Understanding the Scale: 25000 Pips in Gold: A 25000-pip move in Gold means 250 units of price movement. Given that Gold typically moves in increments of 0.01 (1 pip), a 25000-pip move would imply a change of 250.00 in the price of Gold. Example: If Gold is trading at $1900, a 25000-pip bearish move would target a price of $1650 (1900 - 250). This...

LORDOFTHETRADERS Jan 21

Current Market Conditions & Entry Setup: Identify Support Level: Look for a recent key support level or consolidation zone that could act as a strong base for price action. For example, if USDCHF is currently around 0.9300 and has recently bounced off a support at 0.9250, this could be a good level for an entry. Bullish Trend: Confirm that the pair is in...

LORDOFTHETRADERS Updated  Nov 20, 2024

Key Levels: Resistance Zone: Identify a strong resistance level where price shows repeated rejection (e.g., Fibonacci retracement level, previous swing high). Support Zone: Ensure the 200-pip target aligns with a significant support zone or pivot area. Indicators: RSI/Overbought: Look for RSI divergence near overbought levels (>70). Trend...

LORDOFTHETRADERS Nov 20, 2024

Define Your Data: Historical EUR/AUD price data (open, high, low, close) at a suitable time frequency (e.g., hourly or daily). Include relevant covariates such as macroeconomic indicators, market sentiment, or other correlated currency pairs. Select a Methodology: Statistical Models: ARIMA/SARIMA: Suitable for stationary series with clear...