Get started

Xauusdlong

Proof Technical Analysis Reigns SupremeIn doing my multi-timeframe analysis from earlier in the evening I was bias long. However I wasn't sure if price wanted to make a deeper pullback to the 1H LQZ I had marked up or even come down for the 3rd touch of my trendline in the ascending wedge (reversal pattern). Dropping down to the 5m timeframe I saw price slowing and formed a hover. I could have set an entry using a lower lot size to build a buffer, confidence, and to be able to participate in the markets - but I didn't. I passed out lol. I knew my bias was still correct and I was confident in taking "another" long position. I saw a larger flag with the close of that flag above a resistance zone or LQZ however you want to label it, and knew my bias was still valid. I took my entry as I saw price stalling forming some 5m dojis. After the first big push up I was able to reduced my risk letting the trade play out. My TP was initially aiming for the high of the day. However I was mindful of NY taking longer to play out and I knew I wasn't able to really monitor my trade. So I "didn't get greedy" and snagged my profits at about 80 ticks on the futures chart. This was a huge lesson in trusting the story price tells us through market structure and patterns. Although I didn't participate in my first trade, the trade I did take would have been a great stack-in. I'm glad I was able to participate today as my best and only trading days are Thursdays and Fridays.
OANDA:XAUUSDEducation
by MommaPreneur
2
Strategic Gold Plays: Maverick-Rabbit Precision in Key PatternsBased on your archetype, a combination of the Bold Maverick and the Analytical Rabbit, you have a natural tendency to take calculated risks while also ensuring that those risks are backed by thorough analysis. This hybrid nature likely drives you to engage in trades that have high potential rewards, but only when they meet specific analytical criteria. Chart Analysis and Coaching on Your Positions Overview: Context: This is a 15-minute chart of XAUUSD (Gold vs. USD). Structure: The chart shows a clear bullish trend with higher highs and higher lows. There are multiple channel formations, liquidity zones (LQZ), and key levels identified (including a 4H Over Ride/LQZ level). 1. Position Analysis: First Entry - Inside the Ascending Channel: Entry Reasoning: You likely identified the ascending channel as a bullish continuation pattern and entered within it. Archetype Reflection: As a Bold Maverick, you're comfortable entering before a full breakout, assuming the trend continuation. However, as an Analytical Rabbit, you probably also considered the channel support before entry. Coaching: This entry aligns with your dual archetype. You took the position inside the channel, expecting price to continue its upward momentum. However, consider tightening your stop loss in case of a fake breakout to protect your position. Second Entry - Near the LQZ: Entry Reasoning: You likely saw price approaching the Liquidity Zone (LQZ), expecting a bounce or reaction at this level. Archetype Reflection: Analytical Rabbits love analyzing levels like LQZ, while Bold Mavericks might anticipate a reaction before confirmation. Coaching: Good job recognizing the importance of the LQZ. You probably set a trailing stop to capture profit while letting the trade run. Just be cautious with overconfidence—always have a plan if the price moves against you. Third Entry - At the 4H Over Ride / LQZ level: Entry Reasoning: This level is crucial as it represents a 4H Liquidity Zone (LQZ), a significant potential reversal point. Archetype Reflection: This is a classic Bold Maverick move—anticipating a strong reaction at a higher timeframe LQZ. The Analytical Rabbit side of you likely analyzed the 4H timeframe and identified this as a high-probability zone. Coaching: This is an aggressive yet well-informed entry. Ensure your stop loss is adjusted to below the LQZ to minimize risk in case the market turns against your position. 2. Trailing Stop Loss (SL) Usage: Position: You’ve used trailing stop losses, which is a smart move, especially given the bold yet analytical approach. Coaching: Trailing stops can help lock in profits as the price moves in your favor. Ensure that the trailing distance is neither too tight (to avoid premature exit) nor too wide (to protect against significant pullbacks). This aligns with the Analytical Rabbit’s cautious nature. 3. Key Levels and Patterns: Ascending Channel: The price is respecting the channel boundaries, which validates your initial entries. LQZ & 4H Override: Price has shown reactions at these levels, indicating they are well-chosen. 4. Risk Management: Balance Between Risk and Reward: Your trading strategy seems to balance the Bold Maverick’s appetite for risk with the Analytical Rabbit’s focus on minimizing unnecessary exposure. Coaching: Given your dual archetype, keep refining your entry and exit points. Use the rule of three (waiting for confirmation after three touches on key levels) to align with your analytical side​​. Conclusion: Your trading approach is a robust mix of intuition and analysis. You're combining bold entries with a solid understanding of market structure. Continue to refine your strategy, especially in the context of multi-timeframe analysis and liquidity zones, to maximize your trading effectiveness. Make sure to always have an exit strategy and avoid letting the Maverick side take over without sufficient backing from the Rabbit’s analysis​​​​.
OANDA:XAUUSDEducation
by MommaPreneur
How To Start Investing In Gold (7 Ways)Gold's allure as a precious metal transcends time. It has served as a symbol of wealth, a reliable store of value, and a hedge against inflation for centuries. For investors seeking to diversify their portfolio and protect their purchasing power, gold can be a strategic asset. This guide explores seven methods for investing in gold: 1. Physical Gold (Coins and Bullion): Owning physical gold, like coins or bars, offers a sense of tangible ownership and security. However, there are drawbacks. Secure storage is crucial, and selling physical gold can be inconvenient, potentially incurring fees or melter costs. 2. Gold ETFs (Exchange-Traded Funds): These investment vehicles track the price of gold, allowing you to trade them on a stock exchange like a stock. ETFs offer advantages like affordability (you can buy smaller amounts than a whole gold bar) and liquidity (easy buying and selling). However, you don't own physical gold with ETFs. 3. Gold Mutual Funds: Invest in professionally managed funds that hold a basket of assets, including gold mining companies' stocks. This offers diversification and potentially reduces risk compared to directly owning gold. The downside is that fees might be higher compared to ETFs, and the fund's price performance depends on the underlying holdings, not just gold itself. 4. Gold Futures and Options: These are contracts for buying or selling gold at a predetermined price on a future date. This approach offers leverage and the potential for significant profits, but it's also high-risk. Futures and options are complex financial instruments and require a deep understanding of the derivatives market. Consult with a financial advisor before venturing into this territory. 5. Gold Mining Stocks: Investing in companies that mine, refine, and trade gold can magnify your returns if gold prices rise. However, this method is indirectly tied to the price of gold and is also susceptible to the risks associated with the stock market in general, including company-specific risks. 6. Gold Certificates: These paper certificates represent ownership of a specific amount of physical gold stored in a secure vault by a bank or other institution. They offer a way to own gold without physical possession but might have storage fees and redemption restrictions. 7. Digital Gold: A relatively new option, digital gold allows you to invest in fractional ownership of physical gold stored securely. This method offers affordability and easy online buying and selling, but regulations and risks associated with the specific digital gold platform need to be considered. Top 10 Tips for Investing in Gold: 1. Do your research: Understand the gold market, different investment options, and their associated risks and rewards before investing. 2. Set investment goals: Align your gold investment strategy with your overall financial goals and risk tolerance. 3. Diversify: Don't put all your eggs in one basket. Gold should be a part of a diversified portfolio. 4. Start small: Begin with a smaller investment to test the waters and gain experience. 5. Consider fees: Compare fees associated with different investment options like storage costs for physical gold or expense ratios for ETFs and mutual funds. 6. Think long-term: Gold is generally considered a long-term investment. Don't expect quick gains. 7. Store securely: If you buy physical gold, ensure secure storage in a safe deposit box or a reputable vault. 8. Beware of scams: Be cautious of get-rich-quick schemes or companies offering unrealistic returns on gold investments. 9. Stay informed: Keep yourself updated on economic factors and events that can influence gold prices. 10. Seek professional advice: Consult with a financial advisor to create a personalized investment strategy that includes gold, if appropriate for your financial goals. By understanding the different ways to invest in gold and following these valuable tips, you can make informed decisions and potentially benefit from incorporating gold into your investment portfolio. Remember, gold is a valuable asset class, but it's not without risks. Do your research, invest within your risk tolerance, and enjoy the journey of exploring the world of gold investing.
OANDA:XAUUSDEducation
by bryandowningqln
Where are the masters in trading?For most trading masters, their success is not based on luck, but on strength. They all have a deep understanding of market trends and the ability to continuously learn and adjust. At the same time, they also have a calm mind and meticulous analysis ability, and can fully consider various possibilities and risks when making decisions. They usually have their own set of trading strategies and methods, and strictly abide by these rules. The few friends I knew who achieved stable profits in transactions, we often exchanged some trading experience. Everyone's state is very peaceful, and they don't think about competing, and they don't envy who makes more profits than others. What is very unified is that we do not pursue short-term sudden profits, but value the ability to make long-term profits, and realize the growth of our wealth by slowly accumulating profits. In short, the masters in trading rely on strength and persistence. Only by constantly learning and stabilizing their mentality can they be able to continuously obtain benefits. Of course, this also requires continuous exercise and improvement of one's analytical ability and psychological quality. I hope everyone can have a correct view of trading. OANDA:XAUUSD VELOCITY:GOLD COMEX:GC1!
TVC:USOILEducation
by CheetahAttack
2
A reasonable trading plan is the starting point of successA reasonable trading plan is the starting point of success An excellent investor never trades aimlessly. Before making a trade, they always have their own trading plan to help them identify trading opportunities and avoid chasing market trends. Developing and executing a trading plan is an important component of trading success. So, how do you develop and execute a trading plan? To answer this question, I think it is necessary to understand the following concepts: What is the meaning and characteristics of a trading plan? What elements should a qualified trading plan include? What obstacles are there to executing the plan? 1.Meaning of a trading plan A trading plan refers to the measures, methods, and steps that a trader develops to achieve trading goals within a certain period of time. As the author of "High Probability Trading" said, a trading plan is like a business plan for a merchant, and the content of the plan must be clear and concise. Although it may not necessarily be in writing, it is recommended that traders use written form to better follow the plan and facilitate regular evaluation. 1.Characteristics of a trading plan First of all, a plan must be forward-looking. We develop a trading plan based on our anticipation of the future, so before making a plan, we must have a clear understanding of the various possible scenarios and have a correct idea of the trading goals, measures, and methods. Therefore, without foresight, there is no plan, and foresight is the main characteristic of a plan. Secondly, a plan must be procedural. In developing a trading plan, there must be a meticulous time schedule and requirements for what to do first and what to do later. When executing the trading plan, there should be stages and priorities. Therefore, in developing a trading plan, there must be time requirements and corresponding arrangements for each stage to reflect the meticulousness and procedural nature of the plan. 1.Components of a Trading Plan: Which markets will you trade in? What analysis tools will you use? What is your market analysis before entering the trade? What are the entry requirements? How much risk will you take on? What is your exit strategy? What are your expected trade duration and performance? What possible market developments could occur? How will you achieve your trading goals? Choosing the markets to trade in depends on your capital and trading strategy. For example, if you are a trend trader, you cannot choose to trade in volatile markets. Of course, the prerequisite for this work is to establish your own trading strategy in advance. Which analysis tool to use When it comes to analysis tools, perhaps you're using some kind of technical or fundamental analysis, but regardless of which one you use, you need to understand the principles behind it and conduct sufficient research and testing on its feasibility and success rate before applying it. What is the market analysis for your entry into trading? Through analysis, you need to understand what the current state of the market is and whether it meets your trading conditions. What are your expectations for the future direction of the market? What do others think about the current situation? What are the entry trading conditions? The entry trading condition, also known as a trading signal, must be based on a firm, logical theoretical foundation, must be clear and unique, and cannot be ambiguous. Like the analysis method, it also needs to be thoroughly evaluated and tested. You need to understand the development of successful trading signals and the development of failed trading signals. How much risk are you willing to take? In trading, the most important thing is to learn to protect yourself. Therefore, before any trade, you must be clear about how much capital you will invest in this trade and how much risk you can bear. In other words, if you make a wrong judgment, what is the maximum loss you can tolerate? Can you bear the losses caused by a failed trade? Will it have a negative impact on you? What is your exit strategy? The exit strategy includes three aspects: a stop-loss strategy, which is the exit strategy for misjudgment; a profit-taking strategy, which is the exit strategy for successfully completing a trade; and a strategy for exiting when the price does not move as you expected over a period of time. The most difficult part is the formulation and execution of the stop-loss strategy. The premise for setting a stop-loss is to understand when your judgment is wrong, so we mentioned earlier that you must understand the principles of the judgment tool. The difficulty of executing a stop-loss is because it involves denying your previous judgment and accepting the reality of financial losses, which is obviously a huge challenge for traders. Therefore, executing a stop-loss is far more difficult than executing a profit-taking strategy. What are your expected operation time and performance? When you start a trade, you should have an expectation of the time and price movement target for its future development, which is crucial for your future monitoring. What are the possible developments in the market? We know that market development is uncertain, so we must have a foresight of how many possibilities there may be in the future. On the one hand, this involves your capital management. If you can always keep the uncertainty of market development in mind, then you will never fully invest because no one can ensure that accidents will not happen. On the other hand, multiple expectations can reduce the possibility of emotional and sudden decision-making trades. How to achieve trading goals In this trading task, do you plan to increase the trading results by adding positions? If so, under what circumstances do you plan to add positions? If adding positions fails, what kind of exit strategy will you adopt? Will you exit the trade with a partial or full position? After clarifying and completing the above work, the trading plan is basically completed. However, this is only a good start for a trade. The most important work is to resolutely and quickly execute the trading plan you have formulated. Although some traders have never formulated a trading plan...
BITSTAMP:BTCUSDEducation
by Navigation-h
Marubozu Candlestick Pattern 📉📉📉‼️ What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. ‼️ How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu ‼️ What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time ‼️ How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
GEducation
by AnonimFXRO
Cup and Handle Trading Pattern 📉📉📉✅ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. 🎯 Cup Handle Pattern William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. ... The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed 🎯 What happens after cup and handle pattern? If a cup and handle pattern is confirmed, it will be followed by a bullish price move upward. You can pick a price target based on the size of the cup, but it becomes much less clear what will happen after the initial breakout from the cup and handle pattern. 🎯 How reliable is cup and handle pattern? The accuracy rate for cup and handle pattern for forex and stock on Daily timeframe are 65% and 68% respectively.
OANDA:XAUUSDEducation
by AnonimFXRO
Three Black Crows Pattern 📉📉📉hree black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. ✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal. ✅ Three Black Crows Explained Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend. ✅ Limitations of Using Three Black Crows If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement. Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow. Do you use this candlestick pattern ?
OANDA:XAUUSDEducation
by AnonimFXRO
Understanding Range TrapsAfter an impulsive move, the market tends to enter into a consolidation. This is the zone where buys and sellers fight to win the next move. Of course, whenever sellers and buyers are fighting - liquidity is built. In this example, sellers attempted to sell from the structure only to be stop hunted before the true move to the downside. Likewise, buyers would have got activated in buy stops from the structure break to the upside. Their stop losses would have been placed below the support which again got tackled after the sellers got dealt with. Once the buyers and sellers liquidity had been wiped the true move could continue which was to the downside.
OANDA:XAUUSDEducation
by AlkalineFX
4
Where would you enter?A channel is one of the most basic price action patterns The channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits. $$$$$$$ Trading channels can be drawn on charts to help see uptrends and downtrends in a stock, commodity, ETF , or forex pair. Traders also use channels to identify potential buy and sell points, as well as set price targets and stop-loss points. Ascending channels angle up during uptrends and descending channels slope downward in downtrends. Other technical indicators, such as volume , can enhance the signals generated from trading channels. How long the channel has lasted will help determine the trend's underlying strength.
OANDA:XAUUSDEducation
by Saeed966
12
Gold Price Will be $2000| Silver Price Will Be $20 end of 2020I just want to inform to all traders out there that the price of XAUUSD Gold will be touch $2000 and the price of silver will be up to $20 by the end of 2020. If looking into the history of the gold, long before the price reach $1000, many traders will not expect the price will be going to hit $1583 today. Year 2000 = Price $277 (10 years later) Year 2011= Price $1921 Drop year Oct 2012 - Dec 2015 = Price $1046.46 Demand increase Year 2016 - Feb 2020 = Price 1583 End year 2020 = 2000? WHY? If looking into the mining and production to produce gold bar has been drop recently. Comparing to the crisis now that want gold to be a safe heaven asset. Fiat currencies that you have in your pocket will decrease its value. If you trade forex, just the all of the currency. Are the going up? The answer is NO. All currencies is dropping. Tips for you guys for long term:- 1. Currencies- Sell for long term for position trader 2. Gold and silver - Buy for long term position trader 3. Commodities - Buy for long term position trader What ever supply will be finish and could not cope the demand, go for long trade What ever supply that losing its value per time, go for sell trade You will not losing money if you hold your trading as per my tips (just make sure your account balance is high enough to run the price movement and put a low lot) By Zezu Zaza
SAXO:XAUUSDEducation
by Zezu_Zaza
XAUUSD longInital consensus as posted earlier was XAUUSD will retest and price will fall short, however price did not follow my entry requirements so I did not enter the short position. Now price has broken the previous resistance zone and is consolidating sideways above it. How I will be entering: - I will be waiting for a candlestick that wicks down to the current zone that it just broke which will indicate a retest and rejection of that zone. - I will then wait for a nice bodied bullish candle to confirm the upwards move and will enter at the close of that candle.
FX:XAUUSDEducation
by MustafaMuhammad
Simple TIP.How much should I risk on this trade? The question I get a lot in trading group. When I hear it I ask a question back to that person. How much you can afford to lose? When I enter a trade I always think about how much I will be losing, and can I afford to lose that amount. We are small planctons here and nobody cares about us, so losing one can arrive very fast. So I am always asking myself very simple question. How much I can afford to lose on this trade if my desired stop is hit! I want to go in this trade with 100 lots I calculate the amount at SL level, and if I see that it is too big and I cannot afford to lose that much, I need to reduce the lot size till the point where I can say hey, if my SL is hit I can afford to lose that much, won't be a big deal! Is how I determine the size I should be taking the position with. Especially when working on profit goals. Simple but yet helpful tip. Always ask yourself that question and it will be easier for you to enter! Good Luck. Profit Goal Idea:
FX:XAUUSDEducation
by TheZabisyu
2
FOMC / Educational Preperation. XXX / USD # USD / XXXHello guys. Personally I am excited as we get closer to FOMC, and I will be trading FOMC event. I will have positions on: DXY USD/JPY GOLD SILVER EUR/USD I will manage to trade this event with High Frequency news trading machine, as HFT is back in da building, and we had a great success trading news with this machine. Last NFP was sweet as well. Since I have a lot of new followers that have no Idea how HFT works, I will refresh memory for you guys as well write down things for new followers, but always remember News Trading involves high risk. So basically what we are doing is predicting the first momentum with HFT. If you remember the last NFP, you saw the momentum spike upwards. Strange even tho we printed good NFP and rate data, still first momentum was up, and HFT nailed it's job. Persoanlly how I trade news with HFT is I open BIG lot size, and set TP for this trade to lock the profits, if TP not hit I monitor situation manually and if momentum loses STEAM I close the trade. I am not using SL because in first second or second before the news there are spikes before momentum direction and spike size depends on your broker. Last NFP for example It was not a killer, because I feel the signal that is being generated and I know whether the event will be meh.. or event will have strong impact. Last NFP generated weak signal and we got relatively weak NFP impact. The same goes for FOMC, as I will feel whether the event will be weak, or strong impact based on data that I get. But I reckon that FOMC will be a TURNAROUND event and not a Dirrect one. Basically what that means is that HFT will generate for example LONG signal, once FOMC come out the momentum will be LONG ( spike up ) and then the turnaround follows, the same vice versa. Of course it can be dirrect move and if signal for example is LONG it can start to go long, and go straight up, same vice versa. Anyway I'll be in the trade, because this FOMC event should be great and should move the market and you can trade any xxx/usd usd/xxx pair if you want since on all of them there will be an impact. Let me know in comment section below if you have any questions. TPP
FX:XAUUSDEducation
by TheZabisyu
14