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EURCAD: Analysis and Plan for the week ahead (2JUNE2019)We are looking at the EURCAD pair. As you can see here, it is currently doing Higher Highs (HH) and Higher Lows (HL). From the analysis, looking at the trend line, it seems to be going upward trend. Therefore this pair will be making another Higher Low (HL) before continue it's flow upwards. Currently looking at the candle stick at 1H chart and candle is showing a bearish engulfment. That is 2 confirmation. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Short
by FUADALHAKIM
NZDUSD: Analysis and Plan for the week ahead (26 MAY 2019)I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends. This is the NZDUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, market is doing Higher Highs (HH) and Higher Lows (HL). Therefore the market is going uptrend. What it will do next is that the price will be bearish to make another Higher Low. 1 confirmation is that the candlestick is bearish engulfment. Wait for one more candlestick to confirm a full engulfment. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Short
by FUADALHAKIM
GBPUSD Analysis & Plans for the week ahead. Published 26 May 19I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends. This is the GBPUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, it is at the week's low key level. My thoughts are that it will probably be bearish looking at the candlestick patterns. Would really need to wait for the next candle to appear to see for confirmation. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
by FUADALHAKIM
The bears took over last week but have no chance this week!Last week I was shorting this and was right on the money! It did exactly what I imagine it would do. Now, for this week I'm looking to go long hoping to catch some good pips. My entry on this 1.34159 and hoping to take profit at 1.34800.For this one I am going to use wide stops at 1.33700. Comment your thoughts below because my goal is to try to learn everyday and learn from others! Quote: “Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” ― Yvan Byeajee Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
Long
by Red_Rock5
CGC MIGHT BE GOING UP!...Currently the market is going green from red. Check list: ^ We notice it hit its uptrend support, which is the orange line. ^ Buy point is 45.80 ^ Selling point is 48.65 "I will be selling half of my shares" ^ Hold the other half it breaks 48.65 ^ MACD indicator is showing a possible bounce around the dotted support line. ^ RSI Showing its might be a possible buy point because it at its bounce level. Possible bounce for CGC. Keep in mind this is my opinion. I could possibly be wrong depending how the market is going to be tomorrow. If you guys can give me pointers. I will be using this as my learning platform to see how accurate I am.
CLong
by GangsterPug
Market Volatility The vix indicates how volatile the market currently is. Right now, the VIX is sitting at 14.40. A neutral market is indicated by a vix being at 17. Since the vix is sitting on the low end, we should continue to see the market stay relatively safe. However, with all the ongoing issues of a slowing global growth, trade, and poor economic data, it would be best to keep your risk appetite low until things smooth over. The VIX is currently trading below the 50 EMA and 200 EMA.
CBOE:VIXEducation
by ZakaryP
2
Learn how to fish Support orange arrows. Resistance purple arrows. Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows ) Now it seems pretty clear to us where price is heading and we haven't got any indicators on our charts at all, just clean fresh charts.... quick someone call the FOREX POLICE because we must be committing a crime as everywhere we look we see stupid charts that look like a 5 year old has drawn on them... These charts may work for the person using them but they are also used to try and confuse people into thinking that trading is hard so they will pay for help from this person. Yes we sell high quality signals, but honestly we would rather people learnt to trade themselves, this is why we don't over complicate charts... YOU CAN GIVE A HUNGRY MAN A FISH TO CURE HIS HUNGER FOR A FEW HOURS... OR YOU CAN TEACH HIM HOW TO FISH SO HE CAN EAT FOR THE REST OF HIS LIFE. We prefer to show people how to fish if you get my drift ;)
Education
by Apex_Gregg
11
Keep charts simple... Dont let them fool youORANGE ARROWS - SUPPORT PURPLE ARROWS - RESISTANCE Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance line... Come on people it really doesn't take a genius to work this stuff out! Find a strong area/zone of support and resistance, place them on your charts and price will respect them time and time again for years to come, this gives you a head start over the market, you see peoples charts that look like an artist has thrown up over them, charts with more lines on than a table at a wall street office party :p.... These indicators only confuse you and stop you seeing what's going on, look at our charts they are nice and clean and you can spot setups easy. Keep it simple and you will succeed, confuse things and the market will destroy you.
Education
by Apex_Gregg
Using A Manual Stop Loss For Beginners @alanmasters (Learning)Hello my dear supporter, Alan Masters here and I want to share a few details about stop losses, the different types and how to better interpret them to maximize potential profits and reduce potential losses when trading with me. Manual Stop Losses Right now we are using what I call a "manual stop loss" and I will explain to you why. Trading cryptocurrency isn't that easy, conventional markets are way easier to trade. Here the cycles are faster and the bots are more advanced, there are many ways that beginners can get lost in the simple actions that are: buy, sell and hold. The purpose of a stop loss is to close a trade if the trend changes or is certain to change. Meaning, if we are aiming for a target to the upside and the price of an altcoin starts to go down, we close our trade when we confirm that the price will continue falling rather than bounce and go up. This confirmation normally happens where we analysts place our stop loss. Now, it happens that the same place where a change of trend can be confirmed is also where support is found, in the example above. So imagine the price of the altcoin you are trading quickly going down and hitting support. A conventional stop loss would get activated and you lose your money, but with a manual stop loss, you don't close the trade unless the candle closes below the stop loss price. So in the case that the price is hit but quickly bounces, then there is no need to close the trade as the uptrend will be resumed. I will share some charts to make it easier to understand why we use a manual stop loss. First example: Imagine your stop loss is set at $3579. BTCUSD goes down and hits this price, your trade is stopped and you lose money, but the price quickly bounces up. With the manual stop loss, you would have to have the candle close below $3579, meaning at least $3578. And the candle on the chart above would look completely red/yellow (negative). This manual stop loss requires more work as it needs to be checked manually, but this is something necessary when trading crypto as the markets are very volatile. Other types of stop loss The basic stop loss is the one where your trade gets closed as soon as a certain price level is hit. If you use this type of stop loss when trading cryptocurrency, I would suggest placing the stop loss at least 5-8% below the actual support. One final strategy to take your stop loss effort even further, more advanced, is the full candle close below support. This is a method that I highly recommend as well. For some people it isn't enough to close below support to confirm the trend change, they expect to see a full candle close below support before closing their trades. Taking it even further, you can look for big volume and any type of bearish candlestick or candlestick pattern for additional confirmation. Piece of advice We use a stop loss in order to avoid losing money in the case our trade goes wrong. The stop loss is not meant to indicate if the trade is active or not, or if I got it right or wrong... That's not the purpose, we are here to make money. If you are trading and learning you can always adapt to the moment and make your own decisions based on what you see and not what is written. For example, if a stop loss is hit by 3 satoshis or few cents (in USD) but you notice that the price will move back up, you can keep your trade. The purpose of the stop loss is to cut your loses but not to close a valid trade. So take into consideration the market, the charts, signals and everything that is going on. You can also contact me and send me the PAIR you are looking at and I will be happy to help. For beginners, you can simply follow our trade instructions and start creating your own strategy as you get used to these markets. Thanks a lot for reading. Namaste.
Education
by AlanSantana
2