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D-GBP

Learn how to fish Support orange arrows. Resistance purple arrows. Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows ) Now it seems pretty clear to us where price is heading and we haven't got any indicators on our charts at all, just clean fresh charts.... quick someone call the FOREX POLICE because we must be committing a crime as everywhere we look we see stupid charts that look like a 5 year old has drawn on them... These charts may work for the person using them but they are also used to try and confuse people into thinking that trading is hard so they will pay for help from this person. Yes we sell high quality signals, but honestly we would rather people learnt to trade themselves, this is why we don't over complicate charts... YOU CAN GIVE A HUNGRY MAN A FISH TO CURE HIS HUNGER FOR A FEW HOURS... OR YOU CAN TEACH HIM HOW TO FISH SO HE CAN EAT FOR THE REST OF HIS LIFE. We prefer to show people how to fish if you get my drift ;)
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by Apex_Gregg
11
GBPAUD potential Head and shoulder pattern GBPAUD May give us a great sell opportunity if the price break the Head and shoulder neck line. for who don't know what is the Head and shoulder Pattern it is > One of the most popular Chart Pattern. This pattern appears on all times frames and can therefore you can use it if you are a swing trader or a Daily trader. Formation of the pattern 1. Up trend 2. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). 3. The neckline is drawn by connecting the lowest of the two troughs Entering: when the price break the neckline Stop loss: above the right shoulder Target: calculate a target by measuring the high point of the head to the neckline.This distance is approximately how far the price will move after it breaks the neckline. Don't Forget to follow and Like if this article have any value for you. Good Luck
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by IhabMax
Importance of key SUPORT and RESISTANCE levelsAs you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before. The price respects these levels as thousands of traders will also be watching these levels and therefore they will also set orders for these levels hence why the price keeps respecting and bouncing off these levels. We believe in keeping trading as simple as you can to save confusion and key support and resistance levels are a key factor in our swing trading style. If you would like more lessons like this or would like to receive our signals then message us as we offer a 2 weeks FREE trial to our VIP group.
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by Stocks_And_Forex_Mafia
GBPUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
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by leonrowe
CARRY TRADE CYCLES Carry Trade is the one of the most stylish trading system.Example on 1 years : UK interest rates = 0,74 Turkey interest rates = 23 If i lend money with GBP and if i invest in Turkey 2Y bonds my real income is : 23 - 0,74 = 22,26 (%) (yearly) Because of i invested with hot money , Turkish lira will get high and i can buy more Pounds if i want to get interest yield again. If im a good trader or a investment bank , my risk is so so low . Otherwise i can buy a lot of pounds with strong Turkish Lira and get high interest rate when i sell my Turkish lira, Turkish lira gets cheap and this time i can get a lot of Turkish lira again. This cycle is so profitable and suitable for community trading psychology. So carry traders transform market makers and every movements have affect for market making and it is more profitable and secure. But for an English invester, if Turkish economy get worse, even Turkish lira getting cheap and interests are not incresing or devaluations like Turkish lira got a few days ago or interests rates in dangerous places (%23 - %25 means %100 ROE in 4 years) everything getting more worse with double affect, fiat and interest rates opposite correlation lost and everything getting so much risky. This is an example on historical data. I choosed Pound because UK's interest rates are more lower than USA.This idea will show why last year :GBPTRY drops a lot and this year is different. Let's see Turkish Lira's different between market conditions conveinent for Carry Trading or opposite.Best regards.
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by Noldo
How to trade reversal patterns & Fib extensions / Elliott wavesWhen you see a morning star pattern (you can use candle software to find such), usually it marks the start of Elliott wave 1 to 5 sequence, you enter at the end of the first correction wave (retrace into the body of morning star pattern). When wave 2 is completed, we plot Fibonacci retracements from the tail of Morning star and you will see how perfectly price reaches Fib extension 161.8 (1.336), the end of Elliott wave 5, doing pullbacks at FE 61.8 and FE 100 (1.326). Metatrader´s Fib extension has extensions of 61.8, 100 and 161.8 but thats enough. Now price is doing ABC correction pattern as you see.
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by ICFX
1
GBPUSD & EURGBP post BoEBoE Vote split comes in at 6 - 3 BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively. - Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B - Haldane, McCafferty and Saunders dissented, voting instead for a June hike - Majority on MPC still reassured Q1 softness was largely temporary, but preferred to wait for further data on economy - Dissenters saw greater likelihood erratic Q1 growth would rebound, saw upside risk to wage inflation - MPC will not reduce stock of QE until Bank Rate reaches 1.5% (prev 2%) - Reduction in QE stock will be at a gradual and predictable pace; over number of years - Ongoing tightening of MonPol remains appropriate over forecast horizon - UK economy to develop in line with May QIR forecast - Global data since May QIR was mixed, financial conditions had tightened
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by RajDhall
How to pick a level to buy or sell at effectively?Cause and effect. That's all that you really need to know. Always ask yourself, 'which area started the move that caused a long term key level to break?' What is this important? Because it shows a clear supply and demand imbalance at that price. It shows that there is interest at this specific zone, at which, there is likely to be unfilled pending orders, as well as a desire to initiate market orders on a return to the zone. This is why you might notice that sometimes when you trade a breakout, the market may have a deeper retrace into the level, rather than simply using the broken level as support or resistance (and then stopping you out). You have to interpret price alongside technical analysis, since the market doesn't care about what YOU think, but where it can find the best liquidity to initiate orders. In the Cable example shown, you can see that the $1.70 level played a key part in knowing where price support was on the move up to $2.00+. Using the weekly chart, we can then see where our 'key zone' to sell into is. This is denoted as a supply zone - where you see a bullish candle in a down move just before the key support is broken (or the first bullish candle just before the support is broken). The opposite is true for a demand zone - this is where you see a bearish candle just before the key resistance is broken (or the first bearish candle before a level is broken). This method is very easy in terms of risk management - your stop goes above the supply zone and below the demand zone. I then have a take profit at the next key level - you're just trading between zones. When you become used to this, you can then go down in your timeframes and have more intraday positions, or intrahour if you so wish. A few things - it's easier to manage risk on a longer term trade. It's also easier to increase position sizing on longer term trades, as well as higher timeframes having more overall significance and a higher win rate, although the opportunity cost of this is the fact that you have less frequent opportunities and it requires a hell of a lot more patience.
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by FinkPro