Hey traders,
Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, side fully in control of the price action in the Gold market.
Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script simply makes it...
Sorry guys, I didn't post today, but caught a cracker gold sell. I would like to give a small insight to how I look for sniper trades, especially in London open.
If you look at the 2 red arrows, you will see that during New York yesterday, price made a high of the day at the 200ema, which acts as a resistance/support, in this case it is a resistance for obvious...
For the past 2 years I'd say I endowed myself in the study of a few technical approaches, and I have to say the most flawed is using smart money concept annotations to build a trade bias, as each annotation from a BOS, to order block can be subjective on every time frame.
I feel the overlying goal for any trader is to first align themself with the trend.
As you...
Hey traders,
In today’s analysis, it’s hard to ignore Silver following the 🚀explosive🚀 8%+ move up.
Let’s unpack the action as of late via the OFA script :
To do so, I am not going to apply any subjective type of analysis such as drawing trendlines, counting waves based on what way the wind blows, or any other form of guessing game…
Instead, we let the...
I have started this inflation and interest rate series, in our last video, we discussed "Inverted Yield". Today will be discussing the relationship between:
. Inflation
. Interest rate
. Dollar and
. Gold
Today's Content:
• Why with higher interest rates, it strengthens the USD
• Is USD the strongest currency? If not, then who?
• Strategy to counter...
Hey Everyone,
This is a basic yet a strong Goldturn Trading Setup in step-by-step stages. Our personal signals in VIP use an algo generated weighted Goldturn setup for more pinpoint accuracy, which is the more advanced version of this and for obvious reason we can't share this here.
1 - Draw a Goldturn on the previous days Highest point for Resistance
2 - Draw...
The Federal Reserve announces it frankly. We don't know if raising the interest rate will lead to an economic recession, and this is the only way to stop inflation!
The probability of a recession is 99.9%,
-According to the Head of Fixed Income in the Fund Management Division at Bank of Montreal, BMO.
- Bank of Montreal this month, expected inflation to be...
In March this year, we posted a higher timeframe analysis where we identified that price was in wave 4 and that we were in an ABC correction. See full post below:
Once we identified where we are in the wave sequence, it just came down to counting the waves correctly and trading according to our trading rules.
We know that Wave C consists of 5 waves and...
BULL FLAG
This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole.
BEAR FLAG
This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole.
Please don't forget to like, comment and follow to...
Hey Everyone,
A repost to remind newbies of some basic money management fundamentals.
We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of...
⚠️A bull trap is a false signal about an uptrend in stocks, indices or other stock assets, in which, after an impressive rally, the rate reverses and breaks through the previous support level. Such a change seems to "catch" traders or investors who acted on a buy signal, and brings losses on long positions. A bull trap can also be called a "saw" trend.
The...
❗️The triangle is one of the most common and reliable figures of graphical analysis. This is a strong pattern that can bring you a lot of points of profit if you approach its trading correctly.
✅What is a triangle pattern?
⚠️A triangle pattern is a pattern formed on a price chart. It is usually identified when the tops and bottoms of the price move towards...
🔍Volumes are one of the most useful tools on the market, That gives the most objective information about the alignment of forces between buyers and sellers (with qualitative analysis, of course). It is necessary to learn how to correctly interpret volumes ( volume analysis) and the trader gets a powerful tool at his disposal. Add to this risk management and money...
⚠️Who is a Trader?
✅A trader is a trader, a speculator, acting on his own initiative and seeking to profit directly from the trading process. This usually means trading securities (stocks, bonds, futures, options) on the stock exchange.
✅Traders are also called traders in the foreign exchange (including forex) and commodity markets (for example, "oil...
❗️Leverage is a brokerage service that is a loan in the form of cash or securities provided to a trader to secure a transaction. The loan amount may exceed the amount of the trader's deposit by 10, 20, 100 or more times. By analogy with the law of physics, leverage works as a lever, enabling a trader to make deals that he would not be able to with his own funds...
Don't say you've been in the financial markets for more than a year and you still can't differentiate between these two waves!!!
Let me remind you again...
YOU WON'T BE A PROFESSIONAL ANALYST IF YOU CAN'T UNDERSTAND THE STRUCTURE OF WAVES YOU ARE LOOKING AT.
I'll assume you're familiar with Elliott waves and Dow theory, so I won't go into detail about the...
⚠️One of the first things that novice traders should learn is how to use different types of orders. The exact number of orders available to you often depends on which broker you are going to use.
Learning how to use different types of orders correctly is part of comprehensive trading training.
❗️The most popular types of forex orders:
✅Market orders
A...
⚠️How often have you opened a key level breakout trade, and then the price turned against you? False breakout happens quite often and it is a problem for many traders who buy at highs and sell at lows.
Breakout trading is a fairly popular and viable trading strategy. However, some breakouts often turn out to be false. This can be quite frustrating, not to...
