Hey Traders,
In this video we look at near and long term targets for the S&P Futures market.
Remember, MA's are attractors of price and will return. Don't trade against the nature of the market.
Watch for more.
For trades such as stocks, futures, or forex, stop loss is a part of the trade, and it only works for investors if there is a stop loss in each transaction and it is adhered to. Today, I bring you a 3:1 gold stop loss rule, hoping to help with your investments.
Stop loss is a way to minimize losses in current market trades and is frequently mentioned. However,...
• BOC pauses rate hikes
• Fed gets more hawkish again
• US employment sector continues to show strength
The USD/CAD has just hit its highest level since November 2022 after the Bank of Canada kept interest rates unchanged at 4.5% and US JOLTS Job Openings came in ahead of expectations at the same time, providing fresh ammunition for the greenback after Powell’s...
Trading is a process of trial and error. When mistakes continue to occur, the main problems you face are shrinking funds and psychological suffering. A trader must reduce the probability of making mistakes, because your profits come from the losses of others. That is to say, when someone makes a mistake, there will be profits for people to make in the market, but...
Losing trades happen. They are apart of the journey. There is simply no such thing as a trader or investor who wins all the time. All the famous investors or traders you know have LOST many times in their career. It is perfectly normal. Did you know the famed hedge fund manager Ray Dalio lost everything in his 30s? He went broke. He had to start over from...
With the breakout of both Falling Wedge and Inverted Head and Shoulders patterns, the stock may reach Fibonacci 0.5 levels. However, a retest of the neckline at 7.30 is also possible. To manage risk, traders may consider placing their stop loss at the previous higher low of 7 or just below the neckline.
The chart of Gold expressed in Japanese Yen has remained in a very tight weekly closing price range of 7% for almost a year. The boundaries are clear as an ascending triangle. This is a trade I will lean into hard by buying Gold and either selling Yen futures or buying USDJPY spot in approximately equal USD values. JCB will continue to inject money into the...
In trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders.
📍Bear Flag
🔸 A small rectangular pattern that slopes against the preceding trend
🔸 Forms after a rapid price decline...
Last week, the economic data released by the United States was mixed, and the US dollar entered a period of volatile pullback. The monthly rate of durable goods orders in January recorded -4.5%, worse than the expected -4%, the largest decline since April 2020. The February ISM manufacturing PMI recorded 47.7, lower than the expected 48; However, the ISM service...
Hey guys,
Lets look at US OIL.
Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering.
We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx.
Now, the story is different and people are not rushing to buy oil on the black market or making contingency...
Industrial stocks have outperformed in the past month. Today’s chart examines a big name in the sector: farm-equipment maker Deere.
First consider the high basing pattern above $400 so far in 2023. It’s a higher low than the troughs of July and September, potentially establishing new support near the previous all-time high from last April.
Next, DE was...
Already vulnerable, Turkey’s economy now faces massive earthquake recovery costs:
After a difficult year, things finally seemed to be looking up for Turkey’s beleaguered economy in early 2023. Just six months earlier, in June 2022, the economy was on the brink: Turkey was facing a potential balance of payments crisis, meaning it would be unable to redeem...
Currency correlation is important to understand in forex trading because it could impact your trading results often without you even knowing it.
In this post, I will share some information about correlations in forex trading and how you are able to use it to your advantage to avoid unnecessary losses. Throughout my journey as a beginner trader, I have bought or...
Hello, everyone! Today we would like to discuss macro and crypto, what affects that, what depends on that and what to expect from the market and when the new bull cycle will start
A LITTLE BIT OF THEORY
1. US PMI (Purchasing Managers Index) – macroeconomic indicator that shows the level of business activity.
2. DGS 1&5 – average 1 and 5 year US Treasury...
▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️
This trading method was developed by Richard Wyckoff in the early 1930s. It consists with series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life experience for studying market behavior, and his work still influences much of modern technical analysis (TA)....
Integrity…
It’s what gives you certainty, confidence and trust for yourself.
It’s what tells you, you can do it.
It’s what makes you leap forward in life.
And it’s what earns you self respect.
With trading, you need to achieve self respect, to help feel more assertive with the trading decisions you make.
In this short letter, I’ll give you some actions...
What exactly is risk management?
The ability to control your losses so that you do not lose all of your equity is referred to as risk management. This is a system that may be applied to everything that involves probabilities: trading, poker, blackjack, sports betting, and so on.
Many inexperienced traders underestimate the significance of risk management or...
Life is like a dream, doomed to gain and lose, encounter and parting are all coincidences of happy memories. And that coincidence, in the watery time, is like a summer flower, blooming in our life with its truest and most splendid posture. Sometimes, you feel tired because you think too much. The world is unpredictable, don't be too obsessed when encountering...
