Hey Everyone, We close off the week with a lovely finish. As stated yesterday, price was testing a strong level of support and we were looking to buy the dip from the channel bottom. We took our Buy from the new Goldturn support created on the channel bottom this morning and rode the move up all the way to the channel top - BOOOOOM !!!! We will now come back...
Avoiding emotions in trading can be challenging, but it is essential for making rational and objective decisions. Here are some strategies to help you minimize the impact of emotions on your trading: - Develop a trading plan: Create a well-defined trading plan that outlines your goals, risk tolerance, entry and exit points, and overall strategy. Following a plan...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Today Nifty gave good setups wasn't able to pre analyze due to work and missed good trade after many days of range bound and gaps. :) Trade Setup for tomorrow: 1.) If...
VeChain update with my opinions and what i plan to do if my opinions are correct: Here is a closer look at the 1 day VET/USD chart: While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows. Notes: VET is still in its Descending Channel Pattern. VET is back in the Bearish Zone of the...
Recap Over the past few weeks, a pattern has emerged where Thursdays and Fridays see a violent squeeze, followed by a "hangover" state in the first few days of the next week. Both last week and this week so far have followed this pattern. We are currently in the sub-4200 congestion zone after yesterday's dip, having retraced about 60% of last week's rally. The...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today also with range bound action all day nifty gained 40 points in last 1 hour. so what to expect tomorrow also monthly close volume is rising and only 250 points from...
=============================TRADE LAYOUT============================ 1. IDENTIFY THE TREND a) Series of new higher high swing and higher low swing: YES b) 10 EMA > 30 EMA > 50 EMA: YES c) EMAs pointing upwards: YES d) Output: UPTRENDING MARKET e) Bias: LOOKING FOR LONG OPPORTUNITIES CLOSE TO VALUE AREAS 2. IDENTIFY THE VALUE AREA a) 10 EMA: OFFERING...
Today's Recap The failed breakdown, my primary setup, and how it leads to profitable trades are all covered in this newsletter. Along with providing the day's workable trade plan, I also discuss how I've been managing my long since last week. Market cycles between Trend and Chop are common. Our 105-point rally last week was an extreme Trend, and it was followed...
Ankr Usdt Breakout successfully Long Ankr Usdt Entry 0.02597, 0.02510 TP: 0.2675, 0.2790 SL: 0.2427
In the world of forex trading, achieving consistent profitability requires not only sound strategy but also effective risk management. One crucial aspect of risk management is determining the appropriate lot size for each trade. In this blog post, we will explore the best methods for you to calculate lot size, emphasizing the use of tools available on...
In today's trading scenario, we witnessed a fascinating turn of events. The market initially opened with a downward wick, touching the previous day's closing level and the London session's support. However, the tide swiftly turned, largely attributed to President Biden expressing positive sentiments about the avoidance of the US debt ceiling. This optimism sparked...
Similar to EURUSD, price is tagging the top of the BB while DXY is also supported by the BB. The zones would act as support, with 2 possible paths given, better to trade later than earlier, looking to long 1.2434 or short 1.2538 as shown in the two paths.
KOG Report: In last weeks KOG Report we said we would be looking for the support levels to hold to give an opportunity for the long trade before we then see a reaction in price. We then said we would be looking at the higher levels to confirm the resistance before we attempt to take the short trade back down. We plotted the immediate support level with a...
© BNPP Global FX Positioning Tracker: CAD shorts extend • In G10, FX USD shorts reduce slightly to -17 from -18 last week (+/-50 scale), as our proxy for real money investors reduces shorts. • CAD shorts extend to -23 from -15 last week, as our proxy for electronic trading venues extends shorts and our proxy for real money investors unwinds longs. Technically...
The current trading pattern of gold is a Bullish Pennant, which typically indicates a potential upward trend. However, before considering purchasing gold, it is important to wait for confirmation of the pattern's breakout to the upside.
This is trade idea for GBPJPY Day Trade -Sell in bearish breaker area (FVG 5 inside) with range 164.606 - 164.746 according to the confirmation that will occur. -Risk Reward 1:1.5
This is trade idea for XAUUSD Day Trade -Sell in bearish breaker area (FVG15 inside) with range 1966.935 - 1969.905 according to the confirmation that will occur. -Gold still struggle reach 2000 while crude oil soar -Risk Reward 1:1.5
This is trade idea for AUDUSD Day Trade -Buy in bullish breaker area (FVG15 inside) with range 0.66808 - 0.66718 according to the confirmation that will occur. -Bullish engulfing in 1H TF with price condition above Buyside Liquidity Asian Session -Risk Reward 1:2