Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...
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For almost a year DXY has been in an uptrend but we may soon be at the end. Last Friday, DXY closed with a bearish candle at the double top region, indicating that there are al lot of sellers at that level. If we continue to show bearish pressure, we can soon end that uptrend and take advantage of USD weakness across the board. Here's a brief breakdown on how...
In this video, we talk about forex trading and how it works.
How do you trade with Correlation? You can trade on forex pair correlations by identifying which currency pairs have a positive or negative correlation to each other. I have identified above the 3 main correlation pairs which correlate best with each other. In the conventional sense, you would open two of the same positions if the correlation was positive, or two...
The gold & silver market is pushing significantly higher, following a significant miss in the U.S. labor market with fewer jobs created in August. Friday, the U.S. Labor Department said that 235,000 jobs were created last month. The data was weaker than expected as consensus forecasts called for jobs gains of 720,000. While the headline data saw a significant...
We have 3 different main types of triangle patterns. Symmetrical Ascending Decending
In the next following days I am going to work on a full education course designed for understanding the fundamentals behind Forex market and at the same time showing how it can be used for days trading using fundamental news strategy. Our first lesson : U.S. ISM Manufacturing Purchasing Managers Index (PMI) Understanding the ISM Manufacturing PMI and...
Good morning, traders! Today we will do an explanatory post on how a Multi-Timeframe Analysis (Weekly-Daily-4H) can be used to take a trade. The benefit of this is that we will be trading taking into account the short, medium, and long-term behavior of the price, which gives us a higher success rate. Many times, we take a trade focusing only on one timeframe, and...
Hi every one today we wanna talk about something that Is pretty Interesting and quite awesome for Crypto Traders! so we observed the chart of DXY and BTC and from last year they've been moving in the opposite direction! pay attention to the charts! you can see that the price of BTC starting from may 11th 2020 has started a bullish rally while on DXY chart the...
here on this chart you can see entrance signals generated by X-shot indicator... blue means buy and orange means sell this is a V.I.P indicator if you would like use it leave below a comment 3-days free trail one month = 99$ 3 months= 199$ lifetime access=249$ ***3-days free trail for you***
XAUUSD is approatching major key levels in the market. Take a look at the chart above.
Before you trade stocks, bitcoin, FX, bonds or anything you have to try and understand how our monetary system works not to miss the big picture. This video helps you by providing a 10.000 foot view of the global macro landscape. Don't miss the forest for the trees. Tune in and enjoy!
AS I MARKED, THIS BIG MONTHLY CANDLE PRINTED BY THE DXY IS SHOWING A LOT OF STRENGTH BY THE $DOLLAR WHICH COULD THEORETICALLY PUMP A BIT HIGHER BEFORE I REALLY START TO WORRY, IF WE BREAK THE TL AT AROUND 93.00 THEN I'LL BE EVEN MORE SKEPTICAL THAT CRYPTOS CAN RECOVER THE DIP EASILY. THE CORRELATION BETWEEN THE DXY AND THE CRYPTOS IS REALLY SIMPLE: CRYPTOS ARE...
Good morning, traders! Today we will make an educational post about a specific behavior in the market in certain circumstances, and we wanted to take advantage of the situation in GBP/USD that is currently happening. The pattern we are talking about is the CUP AND HANDLE PATTERN . This pattern is widely used in stocks or indices since they are trend instruments...
As you see, yearly open (usually its the same as yearly close) is crucial for determining the price bias during the year. For euro to continue bullish, it needs to close ABOVE yearly open on weekly. But even if it does, there will be struggle at this level. Then, as you see, yearly pivots usually serve as yearly tops and bottoms. We saw price reversal at yearly...
Very clear, a child should be able do understand this.