In todays daily primer we talk about limitations and cause and effect. This short 5 minute video will give you the necessary guidance as to what you need to focus on to achieve the success you seek in the markets. Success in trading, just like in any other business, is a cause and effect relationship: Poor or average causes = poor or average results good causes...
As we stated in our recent AUDUSD short, New Zealand has increated their lockdowns further, their delta covid situation might get a little out of hand, but even if it does not, closing the economy never helps. EURNZD is the highest traded pair today so far based on volume and if we review the 3 charts we have in this analysis it does make sense that we could see...
AUDUSD has been trending down strongly for multiple days now, breaking and retesting a few key levels on its way down. With the lockdowns in New Zealand and Australia increasing I believe we could see this push to the next support level, which is seen in the top right chart, the daily chart. Today New Zealand PM Ardern extended the lockdown to midnight Aug...
All you need is... > Good habits, both mental and technical > (relentless) hard work > Consistency in process > 100% focus when trading
As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us! Our mission is to help other traders become successful and in an effort to achieve...
Silver is coming off a decent support level, listed in orange. A bullish continuation from 61.8% could occur. The key resistance levels are listed as support #1 and #2. RSI has come off the oversold area and with Fridays price action begin heavy on the bullish side we believe XAG & XAU could make new bullish pushes. Fridays volume is very bullish too.
Hey all, We just started buying WTI because we believe that the worst is over for the bulls, or at least it should be soon. It makes sense to go long now and based on the lower time frames, like 1H, we see a solid support and possible reversal. However the bearish pressure is quite strong with aggressive lower lows and lower highs forming over the last 2...
DAX finally approaced a level and formed a decent pullback on its short-term charts which gives us reasons to go long. Specifically price has hit the 38.2% of the recent high/low play of the current price moves, which is a trigger for buy for our "pullback trading system". In about 2 and a half hours we get the important PCE data from the US, which measures...
Hey all and happy weekend and new month! Bitcoin is currently testing a breakout right out of a very important resistance level which can be seen on the (right) daily chart. We are above the key level but still need to break the starting wicks of the formed resistance from the 20th and 21st of May. While on the 4H chart we have a strong and parabolic rise with...
Bitcoin and pretty much all other major cryptocurrencies are looking rather bullish. With BTC fast approaching a key resistance level of the current range and looking like it has a great chance of breaking it, I would be putting my money on longs here! Inflation is currently taking every higher, from energy commodities, like WTI, to stocks and now even...
Gold or as we traders know it... XAUUSD is indicating very strong bullish potentials based on the 4H, 1D and 1W charts. If XAUUSD on its 4H char manages to hold above the 1825 level and proceed to make higher highs and higher lows on its lower time frames then we strongly believe that there is an excellent chance of price moving towards the 1870 level, in the...
Failure in trading is frequent, yet for some it is permanent and for the few it is temporary, the choice is always yours! In this video we go over our advice on how you should deal with failure so you can keep it as a learning experience and grow and develop as a trader! If you're having challenges in your trading and cant seem to find solutions to them just...
NZDCHF has fakeout of an important support on the 4H chart, made a decent pullback to the 61.8% fib and is now continuing upwards. On the 1D we have been supported and it seems that the bulls on NZD might be back in play. Keeping this one short and sweet, long on NZDCHF
USDJPY is currently bearish based on our analysis of the 4H and 1D charts. Price is making lower lows and lower highs in the current run on the 4H and has rejected key levels on the 1D, it is however approaching a major support in the price area of 109.000 The current resistance is 109.585. We are also long on AUDUSD: And long GBPUSD: wishing you luck and...
In this video we go over the 8 best trading rules we have come up with from our own direct trading experience! We hope atleast one of these rules helps you on your journey to trading success!
Hey guys! Trading should be simple, when you over complicate things you are usually way to attached mentally/emotionally to a setup/trade. Here's WTI.... OPEC coming up again tomorrow with the first meeting being a solid "nothing", and that "nothing" helped us form a pullback, but that pullback resulted into a lower high... meaning this is now a solid bearish...
Hey all! Metals and we are long big and starting to build positions towards the upside as this daily chart shows. We have higher lows heading to a straight line resistance which means we could see a pretty strong bull market. Now with US treasuries heading down I think this is the perfect time to buy gold and silver as we are connecting fundamentals to...
We believe that the worst is not over for the GBP and we highly expect that EURGBP and other XXXGBP pairs could trend higher over the coming trading days. Based on what we see on the charts we have executed long positions.