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Editorspick

EURNZD ____ INCOMING BEARISH MOVEHello Traders, This pair has rallied for the longest, however, last week it printed a bearish CHOCH on the daily timeframe. My speculation is for price to trade into the orderblock it created and continue the bearish move. Once price trades into the orderblock, I will go into the 1-hour timeframe to watch for a CHOCH before going short. See the analysis of correlated pairs below: NZDCHF & NZDSGD Follow for more updates like this NZDCHF ANALYSIS NZDSGD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
USDCAD ____ DICEY BULLISH RALLY OPPORTUNITYHello Traders, USDCAD just traded into the daily demand order block and the expectation is that price should continue its bullishness. The expected rally is to take out near-term buy-side liquidity and hunt the weekly buy-side liquidity. I say this is dicey because the dollar is at a level where a shift from bullish to bearish can happen, but my speculation is that the dollar index still has some bullish steam left in it to continue the rally hence USDCAD rallies. I will be monitoring this pair to see a CHOCH on the 1-hour timeframe as well as the dollar index before taking any trade. Follow me for more updates like this. Cheers, Jabari
Long
by jabariofafrica
GBPNZD ____ INCOMING BEARISH MOVEHello Traders, GBPNZD has been heavily bullish and with this bullishness, it created imbalances which can also be referred to as price inefficiency which would be made efficient or rebalanced in the future. Last week, there was a bearish CHOCH on the daily timeframe which indicates a shift from bullish to bearish. Could this mean that price is ready to rebalance the inefficiencies? I don't know but the probabilities are positive. I will be waiting to see if price will trade into the daily supply orderblock. When this happens, I will go into the 1hour timeframe to see if there will be a shift in structure to go short. If I don't see, I don't trade. Price might not get to the order block due to the strong bearish move and just continue. Our job is to wait. See below for correlated pairs: EURNZD, NZDCHF & NZDSGD Follow for more updates like this. EURNZD ANALYSIS NZDCHF ANALYSIS NZDSGD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
My Personal Encounter With The Gambler's Fallacy in Trading I wanted to share a personal experience that taught me a valuable lesson about the gambler's fallacy in trading. It's a cautionary tale that highlights the importance of staying rational. So, picture this: I was on a losing streak in my nasdaq100 trades. I had suffered a string of losses that hit my confidence hard. I was frustrated, and the urge to 'make it all back' was gnawing at me. This is where the gambler's fallacy crept in. The gambler's fallacy is the false belief that past outcomes affect future probabilities. In trading, this translates to thinking that after a series of losses, the next trade must be a winner. So, against my usual strategy, I put all my eggs in one basket. Mind you, this was when nasdaq100 was drastically sinking. In my mind, it was "due" for a reversal, and i was convinced that this trade was my ticket out of the losing streak. I blatantly ignored the fact that each trade is independent and the market doesn't care about my past losses. I went all-in on that trade, ignoring risk management, stop-loss orders, and any logical reasoning. the result? the market continued its downward trend, and my account took a massive hit. The money I had worked so hard to accumulate vanished in a matter of hours. It was a humbling experience, to say the least. I had fallen into the trap of emotional trading, allowing frustration and the gambler's fallacy to guide my decisions. Instead of focusing on a solid trading strategy, i let impulsive thinking dictate my moves. The takeaway here is crystal clear: trading is not about "making up for losses" in one grand trade. It's about strategic planning, risk management, and staying rational even in the face of losses. The market doesn't owe us anything. I've since rebuilt my trading approach from the ground up. I emphasize disciplined strategies, risk management, and staying emotionally detached from trades. It's been a tough lesson, but one that's made me a more informed and emotionally mature. The gambler's fallacy is a powerful psychological trap that can cost you dearly. Always remember that each trade is a new opportunity, independent of past outcomes. Let's keep learning and growing together in the world of trading. Remember, the gambler's fallacy is a real thing and it's a very "ignored" psychological trap in trading.
PEPPERSTONE:NAS100Education
by lazyluchi
The Forex Trader: A Mirror Reflection of Your Soul Do you agree with my "text"? Do you believe you are only as rich as you make yourself. I promise that only makes sense if you read it 5 times. I was dancing through my notes and I thought about this one great topic. Because I remember looking a very clear mirror and I could see every pore on my face. The thing about mirrors are: They never lie! What you see is basically what you get. I'm about to dive into the intriguing concept that a forex trader might just be a mirror reflection of their soul. Picture this: you're sitting in front of your computer screen, sipping on your favorite coffee, analyzing currency pairs, and making those split-second decisions that could either boost your account balance or send it plummeting. It's a rollercoaster of emotions – excitement, fear, elation, frustration – all bundled into a few moments. But have you ever considered that your reactions to these market movements might reveal something deeper about who you are? Just like the forex market, life is a series of ups and downs. Your ability to weather through drawdowns and stick to your trading strategy reflects your resilience in the face of adversity. If you're quick to jump ship at the first sign of trouble, you might be reflecting a tendency to avoid challenges in your personal life as well. Hmm, The real question is, Are you? Let me scrabble through more points: Risk Appetite: How much risk are you comfortable taking? Do you prefer the adrenaline rush of high-stakes trading, or do you opt for a more conservative approach? Your risk tolerance in trading can be a reflection of your general outlook on life – are you a risk-taker or someone who prefers the safe path? Emotional Control: Ah, emotions – the heart and soul of every forex trade. How you manage your feelings when a trade goes south or when a huge profit lands in your lap mirrors your emotional regulation in other life situations. Can you keep your cool, or do you tend to let your emotions dictate your decisions? Little secret, It's the later for me. I'm working on it though. Adaptability: The forex market is known for its unpredictability. Successful traders know how to adapt to changing circumstances and switch strategies when needed. This ability to pivot can mirror your openness to change and innovation in your personal life. Self-Reflection: Every trade offers a lesson, whether it ends in profit or loss. Traders who take the time to analyze their decisions and learn from their mistakes are likely to be reflective individuals outside of trading as well. This introspective nature can lead to personal growth and development. In the end, forex trading can be seen as a microcosm of life itself (everyone says this). The way you navigate the market's highs and lows, your risk management strategies, and your emotional responses are all windows into your character. Just like a mirror reflects your physical appearance, your trading behavior might be revealing more about your inner self than you realize. So, the next time you are analyzing charts and making trading decisions, take a moment to reflect on what your trading style might say about you. Are you a bold risk-taker, a patient strategist, or something entirely different? Embrace the journey of self-discovery that forex trading offers – after all, the market might just be reflecting your soul back at you. Happy soul-searching! Haha..
PEPPERSTONE:NAS100Education
by lazyluchi
1
Empowering Financially Deprived Female Traders: A Letter of Hope Introduction Dear Fellow Trader, I hope this letter finds you in good health and spirits, despite the challenges you might be facing on your journey as a financially deprived female trader. I want you to know that you are not alone in this struggle, and your determination to navigate the world of trading is truly inspiring. In this letter, I aim to offer you guidance, support, and practical insights to help you overcome the hurdles and seize opportunities in the trading landscape. Acknowledging Your Strength First and foremost, let me commend your courage. Being a female trader in a field traditionally dominated by men is an accomplishment in itself. Your presence challenges stereotypes and contributes to the diversification of the trading world. Embrace your uniqueness and the fresh perspectives you bring to the table. The Power of Education Education is your greatest asset. In a rapidly evolving market, staying updated with the latest trends, tools, and strategies is crucial. Fortunately, the digital age has made education more accessible than ever. Take advantage of online courses, webinars, and educational resources tailored to traders of all experience levels. Knowledge will empower you to make informed decisions and minimize risks. Building a Support Network Surround yourself with like-minded individuals who understand your journey. Join trading communities, both online and offline, where you can exchange ideas, seek advice, and share experiences. A strong support network can provide emotional encouragement, practical insights, and valuable connections that can significantly boost your trading career. Setting Realistic Goals Dream big, but ground your aspirations in reality. Set achievable short-term and long-term goals that reflect your financial situation, risk tolerance, and market knowledge. Tracking your progress against these goals will help you stay focused and motivated, even during challenging times. Mastering Risk Management One of the most critical aspects of trading is managing risk effectively. Protecting your capital should be your top priority. Never invest more than you can afford to lose, and diversify your portfolio to spread risk. Utilize stop-loss orders and position sizing techniques to limit potential losses while allowing room for gains. Leveraging Technology Technology has revolutionized trading, leveling the playing field for traders of all backgrounds. Make use of trading platforms, analytical tools, and algorithms to enhance your decision-making process. Automated trading systems can help execute trades even when you’re not actively monitoring the market. Embracing Resilience Financial markets are inherently volatile, and losses are a part of the game. What sets successful traders apart is their ability to bounce back from setbacks. Develop resilience by learning from your mistakes, analyzing your failures, and adapting your strategies accordingly. Remember that every loss is a lesson that brings you closer to success. Continuous Adaptation Adaptability is key to survival in the trading world. Market conditions change, and strategies that worked before might not be effective today. Stay flexible and open-minded, willing to adjust your approach based on new information and evolving trends. Seeking Mentorship Mentorship can provide invaluable guidance based on the firsthand experiences of seasoned traders. Finding a mentor who understands your challenges and aspirations can accelerate your learning curve and help you avoid common pitfalls. Their insights can be a beacon of light during uncertain times. Navigating Bias and Discrimination Unfortunately, bias and discrimination still persist in the trading world. As a female trader, you might encounter skepticism or condescension from some quarters. Use these experiences as fuel to prove your capabilities. Let your performance speak louder than any prejudices. Conclusion In closing, dear trader, remember that your journey is a testament to your strength, resilience, and determination. The financial struggles you face today do not define your future. With the right knowledge, mindset, and support, you can overcome challenges and achieve success beyond your wildest dreams. Embrace each day as an opportunity to grow, learn, and thrive in the world of trading. Stay focused, stay hungry, and never lose sight of your potential. Sincerely, A Supportive Fellow Trader
PEPPERSTONE:NAS100Education
by lazyluchi
3
DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys, This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts... If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue. It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally. Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles. Follow for more updates like this. Cheers, Jabari
FX:USDOLLARLong
by jabariofafrica
XAUUSD Short 1000 Pip Move IncomingDear Ziilllaatraders, We can see daily candels being sold showing strong selling pressure. This due to latest inflation numbers, showing an increase. Here is Why: When inflation rises, it signifies that the general price level of goods and services in an economy is increasing. This can lead to concerns about the erosion of purchasing power, as consumers and investors need more money to buy the same amount of goods and services. In response to higher inflation, central banks, such as the U.S. Federal Reserve, may consider implementing tighter monetary policies to control inflation and stabilize the economy. One of the primary tools that central banks use to control inflation is raising interest rates. When a central bank raises interest rates, borrowing becomes more expensive. As borrowing costs increase, consumer spending tends to decrease, which can slow down economic activity. Additionally, higher interest rates make it more attractive for investors to hold the local currency, as it offers better returns compared to other currencies or assets. Expectations of Higher Interest Rates: When inflation rises, there might be expectations that the central bank will respond by increasing interest rates to counteract inflation. This is done to make borrowing more expensive and to cool down economic activity. These expectations of future interest rate hikes can make the U.S. dollar more attractive to investors seeking higher returns. Attractiveness of U.S. Dollar: If the U.S. dollar is expected to offer higher yields due to potential interest rate hikes, global investors may shift their investments towards the dollar. This demand for the dollar can drive its value up in comparison to other currencies. Gold as a Safe Haven: Gold is often seen as a safe-haven asset that investors turn to during times of uncertainty or economic instability. When the U.S. dollar is expected to strengthen due to potential interest rate hikes, some investors may choose to shift their investments away from gold to capitalize on the potential gains from a stronger dollar. In summary, the relationship between higher inflation numbers, expectations of interest rate hikes, and the value of the U.S. dollar can influence investor behavior. If investors believe that the U.S. dollar will become more attractive due to potential interest rate increases, they might shift their investments away from assets like gold (XAUUSD). As a result, the increased demand for the dollar and decreased demand for gold can lead to a drop in the value of the XAUUSD currency pair. if rumors are true we are going to see a big drop. Greetings, Ziilllaatrades
OANDA:XAUUSDShort
by ZILATRADES
BTCUSD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Guys, I don't trade crypto for personal reasons but a friend requested I do this for her and I thought to share it here too. Although BTCUSD still needs to reach lower before rallying, I speculate that the coming week will be bullish for a particular trading pattern I have come to understand differently than what is been taught or written about. I would do an educational post on this someday. Right now, you'd notice that price is hunting sell-side liquidity and is likely to complete this move into a daily order block after which I speculate that price would rally to hunt buy-side liquidity. Follow for more updates like this. Cheers, Jabari
BINANCE:BTCUSDLong
by jabariofafrica
1
EURNZD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Traders, EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there. On the 1-hour chart, you would notice that a CHOCH has formed which could lead to a retracement in price. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
3
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. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
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. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
5
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) Follow for more updates like this. GBPUSD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
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 Follow for more updates like this. EURCAD ANALYSIS GBPCAD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
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 Follow for more updates like this EURAUD ANALYSIS GBPCAD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
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 Follow for more updates like this. EURCAD ANALYSIS EURNZD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
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. Follow for more updates like this so you don't miss out. EURCAD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
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. Follow for more updates like this. EURCAD ANALYSIS Cheers, Jabaro
Long
by jabariofafrica
XAUUSD Long, Inflation Correlation With The DollarDear Ziilllaatraders, We could see inflation numbers coming out of the PCE price index. These numbers were lower than the previous numbers. When inflation numbers trend lower, it can lead to a bearish sentiment for the Dollar and a bullish outlook for gold. The relationship between lower inflation and the movement of these assets can be explained by the following factors: Monetary Policy and Interest Rates: Lower inflation rates may prompt central banks, like the Federal Reserve in the United States, to adopt a dovish monetary policy stance. In response to subdued inflation, central banks are more likely to keep interest rates low or even implement rate cuts to stimulate economic growth. A dovish monetary policy typically results in a weaker DXY as lower interest rates reduce the currency's yield attractiveness for investors. Currency Depreciation: Lower inflation can erode the purchasing power of a currency, leading to depreciation relative to other currencies. In the case of the dollar, if inflation remains subdued, the value of the dollar may decline, making it less valuable in the foreign exchange market. This depreciation can drive a bearish trend for the Dollar. Safe-Haven Demand for Gold: Gold is often considered a safe-haven asset, particularly during times of economic uncertainty and low inflation. When inflation is low, investors may become concerned about the potential erosion of the value of paper currencies and seek a hedge against currency devaluation. As a result, demand for gold as a store of value and an inflation hedge increases, leading to a bullish trend in the price of gold. Real Interest Rates: Lower inflation can also impact real interest rates, which are nominal interest rates adjusted for inflation. When inflation is low, real interest rates tend to be higher, making non-yielding assets like gold more attractive to investors seeking positive real returns. This shift in interest can contribute to a bullish gold market. Conclusion: The correlation between lower inflation numbers and a bearish Dollar, as well as a bullish gold market, is driven by the impact on monetary policy, currency depreciation, and the increased demand for gold as a safe-haven asset and inflation hedge. Traders and investors should closely monitor inflation data, central bank policies, and overall market sentiment to gauge the potential movements of the Dollar and gold. As always, it's important to use proper risk management as I always tell you people. Feel free to ask any questions. Greetings, Ziilllaatrades
OANDA:XAUUSDLong
by ZILATRADES
XAGUSD (SILVER) ____ INCOMING BEARISH MOVEHello Traders, XAGUSD (Silver) still has some bearish moves to deliver. This can be confirmed by the bullish view of the dollar index (inserted below). While price retraces to the weekly order block, I will be waiting. Once price enters the order block, I will be looking for a continuation of the bearish move by looking for a CHOCH on the 1-hour timeframe. Follow me for more analysis like this. US DOLLAR INDEX ANALYSIS USDCHF ANALYSIS USDSGD ANALYSIS Cheers, Jabari
FOREXCOM:XAGUSDShort
by jabariofafrica