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Beyond Technical Analysis

Having a tested technical analysis approach to the market, with clear rules for entry and exit, that gets the odds on your side over a larger number of trades, is important to be successful. But there is more to trading. Understanding how macroeconomics influence markets and the price of assets is beneficial to giving traders an edge. Having the right state of mind to execute trades consistently, without being hindered by emotions or unrealistic expectations is important. A solid trading psychology is needed to make the right decision in every situation.

There is a set of tools needed in order to trade effectively. Not having the right tools could mean failure. Risk management implies identifying trading risks and knowing how to handle them, to prevent deep drawdowns or losing your trading capital. Rules on trade risk and risk / reward can help to maximize profits while minimizing losses. Having a trading plan with checklists, rules and fixed routines supports a trader, because the plan makes it clear what to do in each situation.
AADEDIJI AADEDIJI EURGBP, 240, Short
EURGBP: EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!
51 0 4
EURGBP, 240 Short
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!

Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED) Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week. $$ Take profit at a psychological number ...

richforeign richforeign GBPUSD, 240, Short
GBPUSD: bearish trend towards 1.26000
20 0 3
GBPUSD, 240 Short
bearish trend towards 1.26000

clear down trend. weak economic data from uk. usd economy is in a much stronger position. fundamentals. simple.

ridgeride ridgeride PRO IOTUSD, 60,
IOTUSD: $IOT $USD Let's keep this in mind
44 2 1
IOTUSD, 60
$IOT $USD Let's keep this in mind

Has had a long trend and has been stagnant and is currently moving sideways we keep this in mind and look with a few days if we get more clarity

tacoloven tacoloven PRO EURGBP, 240, Short
EURGBP: update new position
36 0 2
EURGBP, 240 Short
update new position

new position added

Sodium99 Sodium99 PRO BCHUSD, 120, Long
BCHUSD: DRAGON Pattern.
111 1 2
BCHUSD, 120 Long
DRAGON Pattern.

Have researched this pattern, Its a bit Whoo Hoo, but have some success on back testing. http://ii.mypivots.com/uf/218/ef4f54ec-a6bf-4e01-9a07-91cb8f34788a.jpg Bitcoin seems a duplicate pattern. So based on that, lets spend our ETH profits on BTC.

AbdulYoussef AbdulYoussef NZDJPY, 240, Long
NZDJPY: NZDJPY LONG position
12 0 2
NZDJPY, 240 Long
NZDJPY LONG position

NZDJPY, bears weakening. If the support keeps it's time to give the bulls a go

Divit_R Divit_R USDJPY, D, Long
USDJPY: USD JPY - Possible Consolidation to 61.80%
41 0 3
USDJPY, D Long
USD JPY - Possible Consolidation to 61.80%

Hi, I believe this may Undergo a Trend reversal soon - Just waiting on a Technical pattern to arise - or Major Fundamentals / Trump News to rock the boat.

Tickmill Tickmill PRO XAUUSD, D, Long
XAUUSD: Gold has solid prospects to set up a sustainable rally.
50 0 1
XAUUSD, D Long
Gold has solid prospects to set up a sustainable rally.

So, yesterday Trump decided to mix the tedious efforts on second-guessing the Fed's messages with a good bearish signal. It was a simply move: disbanding the advisory councils on investment matters and refusing to create new ones. Obviously, he himself can not figure out how to put up money on government scale, so as a result we have shifted timing for the ...

tradeandtrain tradeandtrain GBPJPY, W, Long
GBPJPY: GBPJPY
52 0 3
GBPJPY, W Long
GBPJPY

simple chart pattern / wave formation on the weekly looking for bullish weekly close then will by the first dip on H4.

chris_naykene chris_naykene GBPJPY, D, Short
GBPJPY: GBP/JPY
45 0 2
GBPJPY, D Short
GBP/JPY

OBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.

SMNC SMNC DAX, D, Short
DAX: German economic sentiment AUG17
16 0 2
DAX, D Short
German economic sentiment AUG17

German economic sentiment 22nd August -- Expecting it to fall to below 15

FollowMyTrades FollowMyTrades PRO SAFE, D, Long
SAFE: $SAFE - Safestore Buy
44 2 3
SAFE, D Long
$SAFE - Safestore Buy

This is a classic set up for me, oversold technicals, strong engulfing bar on high volume alongside decent financials. Looking at a short term trade: TP 460 SL 380 www.followmytrades.co.uk

FollowMyTrades FollowMyTrades PRO SDX, D, Long
SDX: SDX - SDX Energy - Buy
42 0 1
SDX, D Long
SDX - SDX Energy - Buy

This trade doesn't fit my usual criteria, however, the potential upside outweighs potential risk. Price is holding the 200ma, volume is low, however with positive news, earnings, director dealings and increase in fund purchases I don't think it will be long until we hit 70p. Worth a buy on a break of today's high. Tp 70 Sl 35 This is not a trade ...

tradeandtrain tradeandtrain UKXGBP, D, Short
UKXGBP: FTSE short
7 0 1
UKXGBP, D Short
FTSE short

Watching a couple of key areas on the FTSE, no trades at present willbe waiting for price to rally before looking at PA. PATIENCE

rasbas365 rasbas365 PRO STORJBTC, 21,
STORJBTC: Storj - Noob Chart
20 0 4
STORJBTC, 21
Storj - Noob Chart

I think the product and team are solid. Quick chart, will redo it as I learn more TA. Would be nice to see it kept in the blue trend. For now I just like lightning strikes, triangles and riding the cloud. Open to suggests, comment your revisions.

mamed1 mamed1 BTCGBP, 240,
BTCGBP: Butterfly reached it's maximum target
64 0 2
BTCGBP, 240
Butterfly reached it's maximum target

After reaching the maximum target for the previous butterfly pattern (1.618 from XA),Stoch RSI value is 100,RSI value 81.77,price action indicates several take profit transactions ,all indications reflects an upcoming correction (whether a time correction or a price correction) ,we'll wait to see the correction pattern first before opening any new positions.

dzhanalyst dzhanalyst CADJPY, D, Short
CADJPY: CAD JPY FAKE OUT SETUP. Big Bearish coming
44 0 1
CADJPY, D Short
CAD JPY FAKE OUT SETUP. Big Bearish coming

Fake out setups are always profitable. Just enter the trade from the best retracement. Follow MM. Happy Trading

OJFX_ OJFX_ AUDUSD, W, Short
AUDUSD: AUDUSD SHORT - In key 0.791 to 0.825 area
13 0 1
AUDUSD, W Short
AUDUSD SHORT - In key 0.791 to 0.825 area

The market has used this level since 1996 as a key support and resistance level. I would expect this to happen again backed up by bouncing off the 200-period EMA and returning from being overbought on the RSI. Very promising chance of a trend reversal. Looking for short positions.

123456Show More Ideas
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