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Trendanalysisexplained

EURUSD I Daily Chart Analysis & How to Trade It This WeekWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
3 Things To Do After You Lose A TradeWe have all been there. You analyze a trade setup. You know how much you're going to risk on a trade. You enter the trade just to come back to your chart and find you've been stopped out. It's not fun. It sucks. You thought the setup would work because you followed you rules. The thing is, the market is the market. In my early stages of trading I hated being stopped out. My reasoning was because. I had no idea how to make up for my loss. I thought if I just plotted more lines and levels on my chart I could enter the trade again and make my money back. The problem I kept running into was I had no idea why I lost the trade or how to handle my feelings. I also had no real plan on how to adjust to the price change. I honestly thought my levels or trend lines didn't work. It was deeper than that. What changed? I had to change the way I viewed the market and my next steps to recover my loss. Not only that, I had to learn how to be "ok" with losing money. I created a 3 Step Process that would increase my probability of winning my next trade. Because we are a trading family, I thought I'd share it with you. Step 1: Access my previous trade You hear this all the time, "I made a mistake thats why I lost the trade." The true question is did you really make a mistake or did you follow your trading rules? When I follow my rules no mistakes are made. When I lose a trade that can mean 1 thing. The market reversed. This leads me to step 2. Step 2: Change my bias In the book The Unknown Market Wizards by Jack Schwager, I heard the most beautiful and profound statement by one of the wizard traders. He said, "I realized I have a right to change my mind about my trade at any time." I can't tell you how that made me feel. I've been doing that all along, but this market wizard summed up my actions in just one sentence. When I'm stopped out that means I have to change my mid about the direction of the trade. I made being stopped out so simple so I won't confuse the next action I should take. That leads me to step 3, update my chart and adapt to the new price movement. Step 3: Update and Adapt I have a no nonsense rule and that is to stop trading in 1 direction if I'm stopped out. Go opposite. I'm a true trend trader. I don't naturally trade against the trend. It gets me in trouble. So at the first sign of trouble, I adapt. See, USDCHF was in a downtrend. I sold the trade at 0.92835( sell limit) and overnight I was stopped out. It happened so fast and just as fast as I was stopped out, I knew I had to become the buyer. My Mental In the recent past, being stopped out would have spooked me. Now, its making me want to come back to the charts to face my fear. I used to have a fear of success and failure. Now I have a hunger to want to succeed and learn. Putting on trades is a bit more fun since I've began working with pending orders. They challenge me. Especially in situations when price reverses and I'm stopped out. I pray you gained new insight and a key takeaway on what you can do next after you lose a trade. Just remember, losing a trade doesn't make you a loser, it makes you a trader. Comment down below what your takeaway was. I'd appreciate it if you could like the post. It helps boost my Trading view reputation. Much love, Shaquan
Education
by ShaquanLopez
GBPAUD I Where to Buy this Week!Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
14
GBPJPY I Short-term plan before FOMCWelcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
7
AUDNZD It will return to resistance and fall! SHORT!Welcome back! Let me know your thoughts in the comments! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
Confirming Trends with the Lower Time Frames NZD/USD ExampleHey Guys! As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long. First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart. In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry and began entering long trades. These lower confirmation tactics play a huge role in my trading, and even if you don't trade with price action, it can be a great addition to your current strategy. I hope it helps! Have a great day guys! Ken
Education
by TradingForexPriceAction
1
BTC Throne Challenge 😱(WBTC beat BTC to over $200,000 in a Day)Like And Subscribe (Thanks for the support😊). "BTC is King" I have heard this countless times without number but what happens when BTC backed brother stands a better chance of over throning BTC? Before You say "Oh Makaveli that is so impossible🙄 ", Wait! first let me introduce you to the younger coin brother that stand the chance to out run BTC faster any time BTC Lifts a leg up to make any Move because of the Usability of this younger coin brother. This is no other coin than Wrapped BTC. Everything changed for BTC Younger coin brother also Called WRAPPED BTC (WBTC) on the 10/01/2021, Kindly Take a good look at the price action Performance of WBTC on 10 January 2021 on the Binance exchange But first let's Understand What Is WBTC.... What is Wrapped Bitcoin ? WBTC stands for Wrapped Bitcoin and is simply an ERC20 token that represents Bitcoin. One WBTC equals one BTC. simply meaning that BTC can be converted into WBTC and vice-versa. Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019. According to CoinMarketCap,WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner. WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications. The goal is to bring Bitcoin’s price value into play and combine it with Ethereum’s programmability, Therefore the major Key advantage of WBTC is its integration into the world of Ethereum wallets, dapps, and smart contracts. The concept of WBTC emerged in a bid to improve Bitcoin’s functionality and usability. Consequently, these tokens help provide more sophisticated financial services to traditional BTC holders. Who Founded WBTC? According to CoinMarketCap,the Wrapped Tokens project, of which WBTC is a part, wasn’t founded by individuals but is rather a joint project of three organizations: BitGo, Kyber Network and Ren. You may now be wondering, “ but why would I want to convert my BTC over to wBTC ?” well,Wrapped Bitcoin users can even gain access to DeFi lending and borrowing networks without actually giving up or trading their Bitcoin directly. But How about Safety Makaveli, how safe is WBTC ? I have No doubt that whenever you involve third-party custodians that custody large amounts of Money (Bitcoin in this aspect), mint new tokens, and monitor the value of the Bitcoin collateral, you have a market ripe for a concentration of power and power can change anyone or any organization. So yes, I will state it clearly that the concept of WBTC is fairly safe in the sense that the technology itself is sound. However, there are still some risks that you should be aware of before you decide to convert your BTC over to WBTC or invest into WBTC for long term. One of my main concerns arises from the trust-based models of early WBTC platforms. in the sense that In this scenario, there is always a risk that the platform could somehow unlock the real BTC and leave token holders with fake wBTC. So please do your own diligent research before getting yourself into WBTC as this Post is by no means a financial advice. What is my near future target of WBTC? The current All Time High(ATH) on WBTC binance is currently around $200,700 zone which was hit on the 10 January 2021. As a result of the Demand and liquidity growth of WBTC at the current stage, we could see a rise to above $100,000 ones more before the end of 2021.
BINANCE:WBTCUSD
by MachiavelliTrader
XRP 2021 MOON PLAN EXPOSED😱(Altcoin daily analysis)XRP accumulation has gone on for over 2 years without a good price move to either the upside or the down side, In Nov 2020 XRP for the first time since June 2018 broke the market structure of 2years (bear trend) there by forming a reverse in the trend to a bullish market structure(Bull trend confirmed). New higher highs and new high lows are observed in high timeframe like the Weekly and Daily chart. IF YOU FIND THIS POST IDEA HELPFUL, PLEASE KINDLY LIKE , COMMENT AND SUBSCRIBE(thanks for the support and love). Parttern discovered and discussed in the video
by MachiavelliTrader