Is BTCUSD third attempt at 24919 going to hold?(1)This is the third swing low of Bitcoin on the daily timeframe. We will track and see if this holds to become a weekly bottom. The difference with this bottom confirmation is that there has been a trend change from a downtrend to an uptrend as shown in the chart image. However,the volume spike is not huge. Another thing that we have observed is that the price level of 24756 on the weekly timeframe has held and has not been broken yet to give a trend change. Hence weekly is still in uptrend as in image below. We have now entered this trade on 4h confirmation bar on a reduced risk in review of the reasons above.
Trade order details
BTCUSD(Long)
E - 26086
SL - 24919
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
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3.7 steps for strategy construction
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Refn Image of Weekly timeframe
Tradingstrategies
Is USDJPY going to reach its 50% OE target this time?(1)We have entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 40% chance since it is a phase 1 move that the weekly potential high will be taken and for the long move to continue further north.
USDJPY(Short)
E - 147.45
ISL - 146.10
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is gold going to continue further south?We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to our OE tables, we can see that there is a 70% chance that the weekly potential low will be taken and for the short move to continue further.
Gold(Short)
E - 1925.6
ISL - 1953
T - TBC
Trailing stop at 1932
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is US30 low at 34024 going to hold and confirm weekly bottom?(3)We have entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the weekly bottom is yet to confirm. For it to go further higher and have a higher probability to confirm the weekly bottom, it has got to make a second higher bottom and take out the last swing high as shown in the image. Let's see how the trade plans out according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Previous chart reference image:
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Mastering Risk: A Guide to Setting Stop Loss in Forex Trading 🛡
In the world of forex trading, where price fluctuations can be swift and unpredictable, mastering risk is paramount. One of the most crucial risk management tools at your disposal is the stop loss order. In this comprehensive guide, we will explore the ins and outs of setting stop losses in forex trading. We'll provide real-world examples and equip you with the knowledge needed to protect your capital and trade with confidence.
The Importance of Setting Stop Loss Orders
A stop loss order is a predetermined price level at which a trade is automatically closed to limit potential losses. Here's why setting stop losses is vital in forex trading:
1. Risk Management: Forex trading carries inherent risks. Stop losses allow you to define your maximum acceptable loss and protect your capital.
2. Emotion Control : Trading can evoke strong emotions. Stop loss orders remove the need for impulsive decisions during adverse price movements, promoting discipline and reducing emotional stress.
3. Preserving Capital: Successful trading is about longevity. By limiting losses, stop loss orders help you maintain your capital, ensuring you have the resources to seize future opportunities.
Setting Stop Loss: Strategies and Examples
Example 1: EUR/USD Long Position:
Example 2: GBP/JPY Short Position:
Setting stop loss orders is a fundamental aspect of responsible and successful forex trading. By mastering the art of setting stop losses, you can effectively manage risk, maintain discipline, and ensure that your trading journey is characterized by longevity and success. Remember, it's not about avoiding losses entirely, but about controlling them to protect your capital and thrive in the forex market. 🛡📉📊
Let me know, traders, what do you want to learn in the next educational post?
Is USDJPY going to reach its 50% OE target?(2)USDJPY did not manage to go further north to hit our 50% OE target. It has hit our trailing stop.
Trade order summary position:
USDJPY(Long)
Trail stopped out at 14658.
Net P/L: -0.56% Profit
@1% =$1000,
-0.56% = -$560
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is silver going to run further south?(2)We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop.
Trade order summary position:
Silver(Short)
Trail stopped out at 2320.
Net P/L: 1.51% Profit
@1% =$1000,
1.51% = $1510
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
NZDCAD ____ INCOMING BEARISH MOVEHello Traders,
NZDCAD has been in a long-term decline i.e., the price has been bearish for months and is likely to continue. The weekly and the daily charts have printed bearish structures.
Price just traded into the daily order block and is poised to continue the bearish move.
Looking at the chart, you would notice the relatively equal lows (sell-side liquidity) that price should hunt.
Follow for more updates like this.
Cheers,
Jabari
DXY (DOLLAR INDEX) ____ WAITING FOR BEARISH SIGNALHello Traders,
The dollar has been rallying for days and weeks and we are slowly approaching a potential turning point. Price has already cleared two weekly buy-side liquidity (previous high) on its way up and is approaching the third.
Although I am speculating and willing to go short, the market structure doesn't confirm to me bearish sentiment.
I have annotated on the chart any of the 2 price structures that will interest me to go short. Until such a pattern is printed on the chart, I still believe that the dollar will continue to rally.
Once any of these patterns appear, I will review the seven USD pairs to trade accordingly.
Follow for more updates like this.
Cheers,
Jabari
AUDSEK 12/09 MovePair : AUDSEK ( Australian Dollar / Swedish Krone )
Description :
Completed " 123 " Impulsive and Making its " 4TH " Impulsive Wave at Fibonacci Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame if it Rejects from the Upper Trend Line / Demand Zone then Long Term Sell
Project with 20x potential, Atom investing I wrote about this project a few months ago and many people called out that $8 will not budge, but we need to know where the demand is.
Big eco system that needs to do a lot more changes, but I think this is a great price to accumulate if you believe in this project.
This is a monthly graph so it takes time for all this to play out, but is it worth taking the first profit at the highest peak and then a little more if it comes? Of course.
Everyone who short a large market cap knows what the market does when the price goes up.
Tell me your opinion if you like this, and follow for more investing ideas and trading.
Live Trading Session 237: Open Trades on Gold,DJ30 & moreIn this live trading session video,we look at our open positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
The Keys to Success Every Forex Trader Should Master 🕵️♂️📊💡
In the fast-paced world of forex trading, understanding price action is akin to possessing a treasure map. Price action analysis is the art of deciphering market movements based on price movements alone, without relying on indicators or oscillators. In this comprehensive article, we'll reveal the essential price action secrets that every forex trader should know. We'll explore real-world examples and equip you with the knowledge needed to navigate this thrilling terrain.
The Secrets of Price Action
1. Candlestick Patterns: Candlestick patterns are powerful tools in price action analysis. They reveal market sentiment and potential trend reversals.
2. Support and Resistance: Identifying key support and resistance levels on a price chart can provide insights into potential price reversals or breakouts.
3. Trendlines: Drawing trendlines allows traders to visualize price trends and anticipate potential entry and exit points.
Real-World Examples
Example 1: EUR/USD - Bullish Reversal:
Example 2: GBP/JPY - Breakout:
Unlocking the secrets of price action analysis is the key to success for every forex trader. By mastering candlestick patterns, understanding support and resistance levels, and utilizing trendlines, you can decipher market movements and make informed trading decisions. Armed with these price action secrets, you're better equipped to navigate the ever-changing landscape of forex trading and seize profitable opportunities. 🕵️♂️📊💡
Dear followers, let me know, what topic interests you for new educational posts?
Balancing Emotions, Market Conditions, and Trading Setup 🛠📈
Achieving success in the world of trading is akin to crafting a masterpiece. To create the perfect trade, traders must harmonize three crucial elements: emotions, market conditions, and trading setups. In this in-depth article, we'll explore how these elements intersect and provide real-world examples to illustrate their significance. By mastering this trinity, you'll be better equipped to navigate the complex world of trading.
The Three Pillars of a Perfect Trade
1. Emotions: Emotions are an integral part of trading. Fear, greed, and impatience can cloud judgment and lead to irrational decisions. Achieving emotional balance is vital. 🧘♀️
2. Market Conditions: Market conditions encompass factors such as volatility, trends, and economic events. Traders must adapt their strategies to prevailing conditions for success.
3. Trading Setup: The trading setup comprises technical and fundamental analysis, entry and exit points, and risk management. A well-defined setup is the foundation of a successful trade. 📈
Examples of the Perfect Trade
Example 1: Forex - EUR/USD:
Imagine you're trading EUR/USD and have identified a potential uptrend based on technical analysis. However, you notice that upcoming economic data releases could significantly impact the market. To craft the perfect trade, you:
Example 2: Stock Trading - Tech Company Shares:
You're trading shares of a tech company known for its earnings volatility. The company announces better-than-expected earnings, causing the stock price to surge. To seize the opportunity, you:
Crafting the perfect trade involves a delicate balancing act between emotions, market conditions, and trading setups. By honing your emotional intelligence, adapting to changing market dynamics, and meticulously planning your trading strategy, you can inch closer to the elusive goal of the perfect trade. Remember, it's a journey of continuous improvement, where each trade contributes to your expertise. 🛠📈🧘♀️
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Love you, my dear followers!👩💻🌸
Defend Your Forex Fortunes: The Crucial Role of Stop Loss Orders
Forex trading is an exhilarating endeavor that offers substantial profit potential, but it's also laden with risks. The volatile nature of currency markets means prices can swing swiftly and unpredictably. In this comprehensive article, we'll delve into the compelling reasons why every forex trader needs to implement stop loss orders. We'll provide real-world examples and demonstrate how these protective measures can safeguard your trading capital.
The Imperative of Stop Loss Orders
A stop loss order is a predefined price level set by traders to limit potential losses. It serves as an automatic trigger that closes a trade when the market moves against their position. Here's why stop loss orders are indispensable in the world of forex trading:
1. Risk Management: Forex trading carries inherent risks, and no one can predict market movements with absolute certainty. Stop loss orders allow traders to quantify their risk and protect their capital.
2. Emotion Control: Trading can evoke strong emotions, leading to impulsive decisions during adverse price movements. Stop loss orders remove the need for impromptu choices, promoting discipline and reducing emotional stress.
3. Preserve Capital: Trading is a long-term game. By limiting losses, stop loss orders help traders maintain their capital, ensuring they have the resources to seize future opportunities.
Real-World Examples
Example 1: EUR/USD Trade:
Example 2: USD/JPY Trade:
In the thrilling yet risky realm of forex trading, safeguarding your investments is non-negotiable. Stop loss orders are your protective shield, offering resilience against unexpected market movements and impulsive decision-making. By incorporating stop loss orders into your trading strategy, you can effectively manage risk, maintain discipline, and ensure that your forex journey is marked by longevity and success. 🛡📉💼
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Is silver going to run further south?We have entered Silver on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. So far it has been a clean move past our 50% OE target. It is a great runner and we will hold onto this position as per our strategy rules till it either hits our trailing stop or a price action signal to exit live.
Silver(Short)
E - 24.18
ISL - 24.83
T - TBC
Trailing stop at 23.18
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is USDJPY going to reach its 50% OE target?We have entered USDJPY on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. As of now, there is some profit taking occurring in terms of seller bars. We will hold onto this position as per our strategy rules till it either hits our 50% OE target or our trailing stop as in the chart image.
USDJPY(Long)
E - 147.72
ISL - 145.70
T - 148.84
Trailing stop at 146.00
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Natural Gas, accumulation ideaWinter is coming and we should not miss some prices. Half an hour ago we got news that the storage was reduced by 10B from the forecast.
For me good price to buy spot 2$-2.22$. This is currently neglected by any chart.
Tell me more about this topic if you have some opinion.
Mastering Forex and Gold: The Art of Stop and Limit Orders 📊🛡
In the dynamic worlds of forex and gold trading, mastering the use of stop and limit orders is akin to wielding a double-edged sword. These orders offer traders a means to manage risk and lock in profits with precision. In this comprehensive article, we'll delve into the intricacies of stop and limit orders, explore their applications in both forex and gold markets, and provide real-world examples to help you navigate these essential tools in your trading arsenal.
Understanding Stop and Limit Orders
Stop and limit orders are advanced order types that allow traders to automate entry and exit points in their positions:
1. Stop Order: A stop order is used to limit potential losses. It becomes a market order when the specified price, known as the stop price, is reached. It's typically placed below the current market price for a long position or above it for a short position.
2. Limit Order: A limit order is employed to secure profits or enter a position at a more favorable price. It becomes a market order when the specified price, known as the limit price, is reached. For a long position, the limit price is set above the current market price; for a short position, it's set below.
Examples in Forex and Gold Trading
Forex - EUR/USD:
Gold - XAU/USD:
Trading Strategies
1.Using Stop Orders: Employ stop orders to limit potential losses by setting them at a price level where you want to exit a losing trade.
2. Leveraging Limit Orders: Utilize limit orders to secure profits or enter trades at specific price levels, allowing you to capture favorable market conditions.
3. Combining Orders: Advanced traders often use a combination of stop and limit orders to create complex strategies, such as breakout or range-bound trading.
Stop and limit orders are potent tools that empower traders to execute precise entry and exit strategies in forex and gold markets. By understanding their functions and incorporating them into your trading approach, you can enhance risk management, secure profits, and navigate these volatile markets with confidence and precision. 🎯📈🛡
Let me know, traders, what do you want to learn in the next educational post?
Is GBPUSD going to hit its daily target(2) - Stretch principleIn this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator.
GBPUSD(Short)
Pending Order
E - 1.2547
SL - 1.2567
T - 1.2531
So far, the trade has taken out the lower stretch line which gives the bigger range from open(BRO) a higher probability to form to the down side. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better, we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
4.Stretch principle videos
Refer to related ideas links as below
Is ETHUSD low at 1540 going to hold ?There is a price structural failure on the weekly timeframe for ETHUSD. This makes it a downtrend on the weekly. We are waiting for the daily bottom to confirm before taking continuation trades to the downside. For the weekly to continue going down, there is a 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south. Let's see if how the trade plans out according to our smart money framework and the VSA methodology.
We will be tracking this potential trade and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders,
On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool.
Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle.
Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move.
I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade.
Follow for more updates like this.
Cheers,
Jabari