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URNM: Immediate potential to 55+, but if price breaks 10w MA......I cannot rule-out one final macro-decline wave towards support area 25-20. I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) projected from wave (4) and near first key resistance zone of 1.764% (of w.(1) from wave (2)). Though the long lasting correction from Nov'21 highs doesn't look finished, due to advance from mid-term Jul'22 lows having yet only three waves, I still can entertain bullish (diagonal) set-up if price manages to hold 10W MA, consolidate around Sep'23 highs and break out above 50 resistance line (as per the green count). I also like how price got volume support while touching the 10W during local correction from the Sep'23 highs, showing that there is potential interest from institutional money around that area. Trading plan: I have entered initial long position, with todays break-out above the cheat pivot area of 44.75. I will be quick exiting with small single digits loss, if price will be able to follow through the following days. Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Author's personal multi-years trading experience convinced him that analysis and opinion doesn't pay, only price pays and that one shall not ever argue with price.
AMEX:URNM
by artemfedorov
20102023 - #GBPUSDYesterday's () level worked well. I said I was more biased short but asked only to short at 1.2180/88. Market came down rather slowly, rallied back to OP and failed, hitting the lower support level at 1.2090 before giving a rally of 100 pips to 1.2190 which is our sell limit before it came down 60 pips. Daily candle closed with a doji which signify indecision. What is probably interesting is the commodity currencies (AUD, NZD, CAD) was weak against USD, but EUR was up strongly. With GBPUSD with a doji, what is the next direction. With price below the BZ, I will go with a move lower. Price is now below PZ, but I will like to look for a spike and rejection off 1.2176 max for a move to 1.2090 and even 1.2066.
by FadeMeIfYouCan
180102023 - #GBPUSDYesterday I was bullish GBPUSD based on the price action on Monday and near term trend being up. Was looking for a dip for a move higher. I will not dare say that I am right on my view, as price dipped beyond my buy level and went down further, but eventually rallied strongly 70 pips from the lows. But even so, it only made a lower high, before cooling off and now is near the half point mark. Such a move yesterday does open the question if Monday's bullish price action is just a pullback before further down or is it a near term low. IMO yesterday's move was a neutral to slightly bearish price action. Price opened between BZ and PZ thus it is neutral. Overall, not so clear but I would like to go with the bullish thesis and thus to look for a move higher, with a bounce off 1.2150 or so, with a max low at yesterday's low at 1.2130. The safer trade will be to let price goes back above 1.2180 to go long with stops at recent low.
by FadeMeIfYouCan
No Rebound In Sight While Below 4320S&P 500 INDEX MODEL TRADING PLANS for MON. 10/02 Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4320 as the level to close above for the current bearish bias to be negated. This morning, the index is attempting to test the 4320 level. If the daily close is going to be above 4320, then our models will negate the bearish bias and initiate a mildly bullish bias. The "higher for longer" monetary policy is yet to begin showing its impact on business earnings, and it could take one to two quarters more for us to see the earnings impact - and, hence the analyst forward estimates - which could have some more impact on the market multiples in the short-to-medium term. But, the near term bias will be determined by today's daily close as specified above. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4322, 4301, or 4277 with a 9-point trailing stop, and going short on a break below 4319, 4297, 4273, or 4261 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4314 or 4288, and explicit short exits on a break above 4265. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #softlanding, #higher4longer, #higherforlonger
SP:SPX
by TradersAIDotCom
GBPAUD Heading Lower By Frankfurt and London Session OpenGBPAUD sellside liquidity or sell stops taken at market open of the week, market is going for buyside liquidity or buy stops during the Asia session, my opinion is GBPAUD to heading lower by Frankfurt and London session after buyside liquidity or buy stops taken. IMPORTANT: This is paper trade idea, not financial advice. Forex trading is a very high risk business, please ensure you master risk and money management before placing any live trade.
Short
by TraderMalaysia
XAUUSD- Strategy on September 12Gold confined within two key averages, awaits US CPI for fresh direction Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amidst a negative shift in risk sentiment and the buoyant tone seen around the US Treasury bond yields. Important support zone: 1916 1905 Important resistance zone: 1930 1935 Gold trading strategy today BUY GOLD 1914-1916 SL: 1908 SELL GOLD 1931-1933 SL: 1937
OANDA:XAUUSD
by Mars_Hunter
1
Gold trading strategy for the first day of the weekGold prices lost traction and fell to $1,920 during US trading hours on Friday. The benchmark 10-year US Treasury yield recovered to 4.25% after spending the first half of the day in negative territory, sending XAU/USD lower. Last week (September 5-8, 2023), the USD price in the international market rose to a nearly six-month high amid concerns about global growth, especially in China, causing investors to pour rush into the US safe-haven currency. This shows that in the coming week, the Dollar could potentially adjust, causing the gold price to retest 1935. In the worst case for gold plus good news for the Dollar, the possibility of gold falling to the price of 1905 is perfect. can happen during the trading session of September 12 and 13
OANDA:XAUUSD
by Mars_Hunter
5
XAUUSD- Is the strength of gold no longer important to the econoIn the initial hours of Monday's Asian session, gold prices were observed to be hovering at approximately $1,920 per troy ounce. Despite this, the precious metal managed to maintain its previous weekly close due to some assistance from the weakening US Dollar (USD). The US Dollar Index (DXY), a measure of the performance of the Greenback against six prominent currencies, is presently trading around 104.80. This value is slightly lower than its peak since April. However, there is an increase in US Treasury bond yields which may exert pressure on gold prices. Specifically, there has been a rise in yield for the 10-year US Treasury note by 0.52%, reaching 4.29%.
OANDA:XAUUSD
by Mars_Hunter
4
BTC ANALYSISPsychological Analysis: The market is strongly bearish and more and more FUD is loading. For now, FTx uncertainty regarding CRYPTOCAP:SOL is loading as we predicted a few months ago when watched the FTx data. It's not only CRYPTOCAP:SOL that is affected, but the entire Altcoin and BTC sector. We enter into the phase of FUD and fear which has not even started yet. Meanwhile, market makers are fake pumping altcoins to liquidate those shorts from above with sudden fake pumps, just to nuke it afterwards. It gives us hints that market makers know BTC's next move, and want to take out most of altcoin shorts with these fake pumps. At the same time, they send BTC into the boring sideways zone. Indeed, the next BTC leg down will fully nuke the Altcoin sector. You have been warned. For now, I am watching several options we might see for BTC before hitting my final target of $ 23,500. The best short entry for those that missed my call at 31k region is currently at $28.600 region. Pray that the market allows you to visit again if it happens. I would add more to my shorts. I have been mentioning $28.600 for a longer time to retest the breakdown of MA100 which happened on the 17th of August. So far we have not retested the breakdown, and at the same time, a big liquidity pool is perfectly matching in the same region. There are more than enough reasons for market makers to bring it to the $ 28,600 region. This is not a long call! However, general information on what might be the next moves of the market makers. Be prepared for all scenarios. All in all, zoom out, and the final target remains on the downside with a target of $23.500 as we spoke about an incoming sideway movement that took place as expected. This week is more volatile if important numbers released on Wednesday (CPI) and Thursday (PPI) are higher or lower than the expected numbers. #BTC #BINANCE #FUTURES #TRADING
Long
by mzain_ravian
Morning Bounce Above 4400 Sustainable?S&P 500 INDEX MODEL TRADING PLANS for WED. 08/23 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. While the index is between 4400 and 4350, expect sideways consolidation and a choppy market. It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4430, 4419, 4401, or 4392 with a 9-point trailing stop, and going short on a break below 4425, 4416, 4405, 4399, or 4388 with a 9-point trailing stop.  Models indicate explicit short exits on a break above 4407. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:01pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades
SP:SPX
by TradersAIDotCom
How To Lose Small When Trading BigLosing trades aren't always bad. It's when you don't manage the trade before you lose that can make losing trades bad. Let me walk you through 4 positions that I stacked week and show you how I avoided losing thousands of dollars and kept the loss to under 1%. Firstly, it's important to understand that I am a swing trader which means I observe a variety of higher timeframes. Secondly, I use my own strategy called TMP. It's based around every pullback within the trend cycles so I can trade the continuation of the trend. Thirdly, This analysis was mostly done on the weekly, daily, 4 hour, and 2 hour timeframe. Lastly, I aim for more than 2:1 reward to risk trades and for these trades I was sure to keep my losses below $500 a trade. Trade 1 s3.tradingview.com This trade was based on the weekly timeframe. The reward to risk was around 4.50 and I knew I'd be in this trade long term. Probably around a month or so, maybe longer. I risked 0.50% in the trade because I needed to build the analysis and I knew I wanted to stack more trades in case price went my way which you will see me begin to build in the new few trades. Trade 2 s3.tradingview.com This trade was based on the 4 hour timeframe. Price made a new higher high on the 4 hour. I set a pending order so when price pulled back it would trigger me into the trade. This trade was a 8:1 reward to risk ratio. I risked 0.50% on this trade. Price began to go my way. I felt good about the trade. Trade 3- Trailing the stop begins s3.tradingview.com Price made a new higher high. I had to drop down to the 2 hour timeframe to get a good view of this trade. My feelings on this trade was neutral. I reminded my self that no matter what I'd follow my rules. So I set another pending order and went about my day. The Reward to risk on this trade was a 16:1. I risked 0.25% on this trade. Now at this time I'm sitting at 1.25% of risk in 3 trades. This was when I decided to move my stop loss on both trades underneath the third trades higher low. I had just a little risk left on both of these trades but nothing heart stopping. I was stoped out of the third position for a for around -0.27%. But my first two trades continued to run. Trade 4- The last stand s3.tradingview.com Then price went my way. I realized I wanted to be long again and the entry sat right where I'd just entered my precious losing trade. The reward to risk was 19:1. Whew! This was the opportunity of opportunities for me this week and I couldn't avoid entering. So I set another pending order to buy. It triggered and a few hours later, I lost the trade. and my other trades were taken out as well. I lost a total of $761. This was only 0.76% loss in my account because of how I managed my trades as price went up in profit. Had I kept my trades at the same risk(1%) and never moved my stop loss I could have lost $4000 this week. The key to losing small is to build out your positions each time price makes a new high or low depending on the direction of the trade. I built 4 positions and I have to say I would do it again. The potential for big rewards to risk got me, and I knew risk 1% on each trade would have meant I'd lose my funded account due to their drawdown rules. I cannot lose 3% in one day. Thats very manageable when you decrease your risk per trade. Thats what had to be done. If you don't think you can pass a challenge by decreasing you risk, your rewards aren't big enough. If you learn anything from the trades I entered this week, the previous statement above is how can lose small while trading big. Do I still believe NZDCAD can go up? Yes! As long as price stays above the weekly higher low. I'll build out this scenario again. Well, I really do pray you enjoyed this recap from my trading this week. I had no other trades on my other currency pair so it was a smooth trading week. Be sure to like this article if you enjoyed it and found it intriguing. If you have any questions do ask them below. Much love and blessing❤️ Shaquan
Long
by ShaquanLopez
2
Seasonal TrendsSEASONAL TRENDS Time to trade and time to rest BINANCE:BTCUSD There are not only days or weeks in the market with a high probability of working out trading patterns. But there are also seasons and months in which trade acquires its own specific characteristics, which may either offer favorable market conditions or be completely uninviting to trade. Seasonal trends are not a magic pill. It is always necessary to analyze each asset class separately. But if your analysis is consistent with the seasonal trend, then you will be trading the most probabilistic patterns. December - January During the final and initial months of the calendar year, it is common for markets to experience consolidation, resulting in less favorable price behavior for the formation of trading patterns. This trend is primarily influenced by the busy holiday schedule and bank holidays, which lead to a reduction in market liquidity. Many traders choose to take vacations during these periods or dedicate more time to observing and testing new trading patterns. As a result, market activity may slow down, and the formation of distinct trading patterns becomes less prominent. It is important for traders to be aware of these market dynamics and adjust their strategies accordingly during these times of consolidation. February - March - April Since February, the markets have transitioned out of consolidations and have started to show movement and the formation of trends, which provide more favorable price action for traders. This shift can be attributed to the entry of smart capital into the market in significant volumes. During these periods, traders have the opportunity to witness the emergence of optimal and highly probable trading models. The increased market activity and participation of smart capital contribute to clearer price trends and patterns, allowing traders to potentially capitalize on profitable trading opportunities. It is important for traders to closely monitor market conditions during these periods and utilise appropriate strategies to take advantage of the favorable trading models that arise. May - June - July - August The saying "Sell in May and go away" has some justification as it relates to the behavior of smart capital in taking profits on their positions before the summer period of low volatility. This phenomenon can result in the formation of a downward trend and subsequent consolidation in both stock and cryptocurrency markets during what is commonly referred to as the "summer depression." During this time, many professional traders, particularly in August, take vacations as market activity and trading opportunities may be limited due to decreased liquidity and overall subdued market conditions. It is worth noting that while this saying has been observed in the past, market dynamics can vary, and it is important for traders to adapt their strategies and remain vigilant to potential opportunities even during periods of lower market activity. September - October - November In the last quarter of the year, the markets typically experience a resurgence in activity. The stock market often sees a rally, with an increase in buying interest and positive market sentiment. On the other hand, the foreign exchange market tends to exhibit more favorable trading conditions, characterised by increased volatility and opportunities for profitable trading patterns. During this period, many professional traders actively participate in the markets, taking advantage of the improved trading conditions and seeking to capitalize on potential profit opportunities. The renewed market activity marks the beginning of a new cycle, where market trends and dynamics may undergo significant changes. I repeat once again that you need to take into account the stage of the cycle and not rely only on seasonality + take into account the macro situation in the world and the news background I wish you all good trading Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
COINBASE:BTCUSDEducation
by Crypto4light
Understanding US Economic newsUS Economic Indicators: We know about trends and trend changes, but why a trend changes? The tops and bottoms of the market are determined by the fundamentals, like news releases, while the technicals show us how we get between those two points. So a news release can be the cause or trigger of a trend change. So it is to our advantage to at least be aware of upcoming news releases. Here are some releases to watch for: Non-Farm Payrolls Non-Farm Payrolls have proven itself to be one of the most significant fundamental indicators in recent U.S. history. As a report of the number of new jobs created outside the farming industry each month, a positive or negative NFP can get traders to act very hastily. A better than expected figure is very bullish for the dollar, whereas a more sluggish number usually results in the dollar being sold off. There is another component of unemployment released on the same day: The Unemployment Rate. Unemployment measures the amount of people that are out of a job, but are actively seeking one. If this number is smaller, then it means that the people that are seeking jobs are finding them, possibly meaning that businesses are well off and that the economy is expanding. The NFP is a number, usually between 5-6 figures, whereas the Unemployment rate is a percentage. A higher NFP number and lower unemployment number are generally bullish for the dollar and vice versa. It is difficult to trade the NFP and Unemployment Rate only because many times traders will not pay attention to what seems to be the most significant components, but will instead focus in on what reinforces their bias. Also, the release causes a significant amount of volatility in the markets. FOMC Rate Decision Interest Rate decisions for the Fed Funds Rate are very important when trading the U.S. Dollar. When the Fed raises interest rates, the yield offered by dollar denominated assets are higher, which generally attracts more traders and investors. If interest rates are lowered, that means that the yield offered by dollar denominated assets is less, which will give investors less of an incentive to invest in dollars. When the decision is made about the rate it is always accompanied by a statement where the Fed gives a brief summary of what they think of the economy as a whole. When reading the statement it is important to check the exact language. Many times by the time that the decision is published, it is usually factored into the market. This means that only slight fluctuations are seen if the decision is as expected. The statement on the other hand is analyzed word for word for any signs of what the Fed may do at the next meeting. Remember the actual interest rate movement tends to be less important than the expectations for future interest rate moves. Retail Sales The Retail Sales figure is an important number in a series of key economic data that comes out during the month. Because it measures how much businesses are selling and consumers are purchasing, a strong retail sales figure could signal dollar bullishness because it means strength in the US economy, whereas a less-than-expected number could lead to dollar bearishness. Again, the logic behind this is that if consumers are spending more, and businesses are making more money, then the economy is picking up pace, and to keep inflation from creeping in during this time period, the Fed may have to raise rates, all of which would be positive for the US dollar. Traders tend to use the Retail Sales figure more as a leading indicator for other releases such as Consumer Confidence and CPI, and thereby don’t usually “jump the gun,” unless the numbers are terribly out of proportion. Foreign Purchases of US Treasuries (TIC Data) The Treasury International Capital flow (TIC) reports on net foreign securities purchases measures the amount of US treasuries and dollar denominated assets that foreigners are holding. A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the U.S. dollar. Looking at the different central banks, most important seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two giant US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month’s trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country. As a side note, purchases by Caribbean central banks are generally seen to be less consistent since most hedge funds are incorporated in the Caribbean. Hedge funds generally have a much shorter holding period than other investors. US Trade Balance The Trade Balance figure is a measure of net exports minus net imports and tends to be negative for the U.S. as it is primarily a “consuming” nation. However, a growing imbalance in the Trade Balance suggests much about the current account and whether or not if the U.S. is “overspending” on foreign goods and services. Traders will understand a decreasing Trade Balance number to implicate dollar bullishness, whereas a growing disparity between exports and imports will lead to dollar bearishness. Because the figure precedes the Current Account release, it pretty much helps project the direction of change in the Current Account and also begins to factor in those expectations. Current Account Balance The U.S. Current Account is a figure representing the total accrued deficit of the U.S per quarter against foreign nations. Traders will interpret a greater deficit as bad news for the U.S. and will consequently sell the dollar, whereas a shrinking deficit will spark dollar bullishness. Usually, the Current Account Deficit is expected to be funded by the net foreign securities, but when ends don’t meet in these data, the Current Account could signal a big dollar sell-off. Additionally, because the Current Account data comes out after the Trade Balance Numbers, a lot of its expectations begin to get priced into the market, so a surprise to either side of expectations could result in big market movements for the dollar. Consumer Price Index (CPI)/Producer Price Index (PPI) The Consumer Price Index is one of the leading economic gauges to measure the pace of inflation. Many investors and the Fed constantly monitor this figure to get an understanding about the future of interest rates. Interest rates are significant because not only do they have a direct impact on the amount of capital inflow into the country, but also say much about dollar-based carry trades. If the inflation number comes in higher than expected, traders will interpret that to mean that an interest rate hike is more likely in the near future and will thus buy dollars, whereas a figure that falls short of expectations may cause traders to wait on the sideline until the Fed actually makes a decision. Essentially, trading a negative change in CPI is much more difficult than trading a positive change due to the nature of different interpretations. A significant increase in the CPI will result in much dollar bullishness, but a decrease will not necessarily result in dollar bearishness. The CPI measures inflation at the retail level (consumers), while the PPI measures the inflation at the wholesale level (producers). Gross Domestic Product (GDP) The U.S. Gross Domestic Product is a gauge of the overall output (goods & services) of the U.S. economy. If the figure increases, the economy is improving, and often the dollar will strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy to be mired by inflation and consequently interest rates will go up. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance Durable Goods The Durable Good figure measures the amount of capital spending the U.S. is doing, such as on equipment, transportation, etc., both on a business and personal level. Essentially, the more the U.S. spends the more the dollar stands to benefit; the opposite is also true. This is because increased spending could very well be a harbinger for inflation, and thus consequently, interest rate hikes. Traders will usually focus in on the durable goods figure, but not too deeply, as it usually precedes data regarding housing starts and the annualized GDP figure release. Therefore trading based on the Durable Goods number is only voluminous when stagnancy in other key economic releases has been confirmed by a market consensus.
Education
by Mihai_Iacob
21
GoldViewFX - Market UPDATEHey Everyone, We finish off the week with all our targets hits. The swing range provided the swing we expected for a nice push up from 1895 to 1919 for a perfect finish. True level to level trading. We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1919 - DONE 1912 - DONE EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE SWING RANGE 1895 - DONE Hope you all have a great weekend with your family and loved ones. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
Why almost traders fail in trading?Trading is an incredibly captivating and exhilarating profession that holds the promise of substantial profits, financial independence, and the freedom to work from anywhere. However, alongside the allure of great rewards, there are significant risks involved, resulting in a high failure rate of around 90% among traders. So, why do so many traders fail? Let's delve into the reasons: 💥 Lack of education: Numerous traders dive into the world of trading without acquiring the necessary education or training. They lack understanding of market dynamics, technical analysis, and risk management. Trading is a skill that demands time, learning, and practice. Without a solid education, traders resemble blind individuals attempting to navigate through a complex maze. 💥 Emotional trading: Emotions serve as the most formidable adversaries of traders. Fear, greed, and hope can cloud judgment and lead to poor decision-making. Achieving success in trading requires discipline and emotional control. Traders must learn to keep their emotions in check and adhere to their well-defined trading plans. 💥 Overtrading: Many traders harbor the belief that engaging in a higher volume of trades translates into greater profits. However, overtrading can lead to exhaustion, stress, and financial losses. Traders should prioritize quality trades over quantity and avoid succumbing to the temptation of excessive trading. 💥 Lack of risk management: Trading inherently involves risks, and traders must develop the ability to manage them effectively. Risk management encompasses implementing stop-loss orders, employing appropriate position sizing, and embracing diversification. Traders who neglect to manage risks adequately may find themselves depleting their trading accounts rapidly. 💥 Unrealistic expectations: Trading is not a swift path to amassing wealth. It demands patience, perseverance, and hard work. Many traders harbor unrealistic expectations regarding their profits and desired timelines. As a result, they either give up prematurely or expose themselves to excessive risk in pursuit of quick gains. So, what can traders do to avoid failure? 🐸 First and foremost, educate themselves: Traders should prioritize learning the fundamentals of trading, technical analysis, and risk management. Numerous online courses, such as those offered by Udacity and Trading Academy, can provide valuable knowledge and guidance. 🐸 Develop emotional discipline: It is crucial to control emotions and adhere to a well-defined trading plan. Traders must approach trading as a business, following strict rules akin to any other enterprise. 🐸 Implement proper risk management: Before commencing trading, traders should devise a robust risk management strategy. This includes setting stop-loss orders, never risking more than they can afford to lose, and diversifying their portfolios. 🗣️ In conclusion, trading holds the potential for a rewarding career and numerous benefits. However, traders must remain cognizant of the associated risks and pitfalls. By prioritizing education, managing emotions, and implementing sound risk management strategies, traders significantly increase their chances of success. Good luck on your trading journey!
AMEX:SPY
by A1TradingHub
GoldViewFX - Channel bottom to top for the finish! BOOOOMHey 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 Sunday, as usual with our full multi timeframe analysis and trading plans for the coming week. Hope you all have a smashing weekend! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1
Realities vs. Trading Myths. This one is for beginners!Hello traders, today we will talk about Myths and Reality of Trading. As you may already be aware, there are a lot of misconceptions that new traders encounter before they begin their trading careers. The following interpretations of those statements are presented on the layout: 1) The majority of individuals believe that trading is simple and that they can immediately stop working or doing anything else in order to make a living off of trading. In fact, he or she MUST have a backtested strategy and have sufficient industry knowledge in order to be successful, reliable, and a full-time trader in general. Keep in mind that achievement takes time, but it is totally worthwhile! 2) "Trading is like a casino" is a statement we frequently hear. This phrase is frequently used by only two types of people: those who have never been able to succeed in this field and those who have no plan or notion of what they are doing. Never open a position based on the outcome of a coin toss or what other people are saying. A trader may be inspired to open a position on a certain security by the ideas and analysis of others. 3) No matter what line of work one is in, including trading, one can never become wealthy in a single day. A qualified lawyer must practise for at least six years before becoming a licenced surgeon, which takes between 10 and 14. What gives you the impression that you can master trading in a matter of weeks or months? 4) Use a Stop Loss at all times to prevent substantial losses, regardless of the circumstance. Regardless of whether liquidity hunt occurs or not, it is always necessary to keep secure. 5) Risk management always takes precedence over victory percentage. Imagine your next 10 trades have a 1:3 Risk-to-Reward ratio with a 50% win rate. This implies that you will win 5 and lose 5. Let's imagine we choose to stake 1% of our capital on each deal. If we quickly calculate the numbers, we can see that with a 50% win rate and a 1:3 RR, our next 10 transactions will net us a tasty 10% return. Of course, this is not always the case because there are various things to take into account, including spreads, charges, pip value, etc. This is a great illustration to get the point across, though. 6) A significant portion of traders prefer trading the "Smart Money" concept, which is ostensibly the closest thing we have to institutional trading, over the "Retail Way" because they find it to be more profitable. The main line is to pick a method that works best for you and stick with it while adjusting it as you go. Changing tactics every week or month won't help one become consistent. You must commit to and stay to a single trading strategy. 7) Many beginning traders tend to increase their risk in attempts to make more profits. This approach is so risky and totally wrong. If one is willing to make more money trading, it is important that he or she increases the input, and not the risk. This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
6
📊 7 Steps To Plan Your TradingHere are 7 steps to consider before entering a trade. Pick one or multiple options for each step to incorporate into your plan. 🔷 Timeframe: This step involves determining the desired timeframe for the trade, which can vary from day trading on shorter timeframes (m15 to h1), swing trading on intermediate timeframes (h4 to d1), or position trading on longer timeframes (d1 to w1). Choosing the appropriate timeframe helps establish the trade duration and the level of monitoring required. 🔷 Risk Management: This step focuses on determining the level of risk to allocate to each trade. It is recommended to risk a certain percentage of capital per trade, typically ranging from 1% to 3%. This ensures that losses are limited and helps maintain consistent risk across trades. 🔷 Conditions: Identifying market conditions is crucial for trade planning. Traders need to assess whether the market is ranging (moving within a defined price range) or trending (showing a clear upward or downward direction). Understanding the prevailing market conditions helps in selecting appropriate trading strategies and indicators. 🔷 Markets: This step involves selecting the specific financial markets or instruments in which to trade. Traders can choose from a wide range of options, such as equities (stocks), options, bonds, futures or Crypto. The choice depends on individual preferences, market knowledge, and the availability of suitable trading opportunities. 🔷 Entries: Determining entry points is essential for initiating a trade. This step involves selecting entry strategies based on the identified market conditions. Common entry methods include taking advantage of pullbacks (temporary price retracements within a trend), breakouts (entering when price surpasses a key level), or trading news events that can cause significant price movements. 🔷 Stops: Placing stop-loss orders is crucial for managing risk and protecting capital. Traders need to determine stop levels that are strategically placed away from market structures, such as support and resistance levels. This helps minimize the chances of premature stop-outs due to normal market fluctuations while still ensuring that losses are controlled. 🔷 Targets: Setting profit targets is essential for determining when to exit a trade. Traders can choose between fixed targets, where a predetermined price level is identified to take profits, or trailing stops, where the stop-loss order is adjusted as the trade moves in the trader's favor. Both approaches aim to capture gains and lock in profits while allowing the trade to run if the market continues to move favorably. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1