Today was #FOMC! I'm Sure most of us had same experience on BLACKBULL:WTI and $OANDA:XAUUSD. I Just wanted to write about What is #FOMC and It's impact on #WTI, #Gold and #USD, Maybe somebody has lots of questions about that, so I try to do my best regarding captioned subject. The Federal Open Market Committee (#FOMC) plays a crucial role in shaping monetary...
Hello traders, -I have an interesting subject on Risk management on this post. -Most traders struggle with risk management, how much to risk per trade, what lot size to use, etc. etc. I know this because I struggled too before I sat down and thought hard and wrote this. -What are your thoughts on the same? -Critics will highly be appreciated too as we try...
Skill: 1. The method of unwinding low-level trading quilt orders. After the buying price is covered at a low level, once it is confirmed that the downward trend has formed, the loss should be stopped immediately without hesitation. But if the market outlook rebounds quickly and continues, enter the market and do more. 2. The method of unwinding the...
In the gold trading market, the market and trading conditions are constantly changing, and the price of gold is always fluctuating, sometimes catching us off guard. The rise and fall of gold prices are often beyond our control, so how can we judge the trend of the gold market? Moreover, among so many technical indicators, which ones should be used to analyze and...
To grasp the timing of trading in the weekly gold price trend chart, the first task is to conduct an overall evaluation and analyze the market, and then wait for the opportunity to mature. Due to the margin system implemented in the gold market, price fluctuations appear more volatile than other markets, making timing particularly important. Although timing is...
1. Simple judgment of support and resistance: Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward...
It has been said ever since people were allowed to trade to "trade with the trend" and "the trend is your friend". Although there is logic to this the market unfortunately doesn't always trend and in fact spends most of its time in ranges and channels. The market environment changes all the time and it's why so many traders struggle with their trading because...
Taking a look at the price action on Gold, we saw a high probability trade setup for a potential buying opportunity. We saw many factors all lining up together which always helps increase the probability for you as a trader to get a good idea what direction price could go next. As you can see from the 30 Minute chart, we saw Gold in a descending channel until...