"The Myth of Confirmation - What Retail Gets Wrong Every Day"🔥 THE TRUTH ABOUT MARKET “CONFIRMATION” (What Retail Never Realizes)
Most traders think confirmation comes from indicators, patterns, candle shapes, or repeating formations on lower timeframes.
This is the greatest misunderstanding in trading.
Confirmation does NOT come from the LTF.
Confirmation comes from alignment of the delivery cycle — and the LTF only expresses what the HTF already decided.
Retail thinks the 5M “creates” trend.
Institutions know the 5M merely reflects it.
Here’s the real breakdown institutions use:
⸻
1. Confirmation = Completion of a Phase, Not a Pattern
A market only confirms when a structural phase fully completes, meaning:
• Liquidity objective hit
• Internal structure reset
• Order flow aligned
• Efficient price or imbalance corrected
• Pullback cycle finished
• New impulsive leg prepared
This is confirmation.
Not a candle.
Not an indicator.
Not a shape on your chart.
⸻
2. LTF Structure Means NOTHING Without HTF Context
Retail loves reacting to:
• 5M BOS
• 1M pullback
• 15M FVG
• Candle patterns
• Trend lines
None of these matter if the HTF hasn’t finished its development cycle.
This is why traders lose:
They see “confirmation” while the HTF is still in a build-up, not a release phase.
⸻
3. The Market Confirms Twice — Retail Only Sees One
Institutional traders track two confirmations:
Macro Confirmation (HTF)
This tells the market what it wants to do next
— continuation or pullback.
Micro Confirmation (LTF)
This tells the market when it’s safe to execute
— trend shift + pullback + OB tap + displacement.
Retail only waits for micro confirmation.
They skip macro confirmation.
So they trade inside noise.
⸻
4. Candles Don’t Confirm — the Cycle Confirms
People over-read 5M candles, ignoring the fact that candles are only expressions of liquidity movement.
You can’t read intent from shape.
You read intent from position in the cycle.
The same candle means:
• continuation in one phase
• reversal in another
• manipulation in another
Only the cycle gives it meaning.
⸻
5. The Market Doesn’t Confirm For You — It Confirms ITSELF
This is the coldest truth most will never learn:
Price never confirms your bias.
Price only confirms where it is in the timeline.
If you don’t know the timeline,
you don’t know the confirmation.
TL;DR
(Beginner/Simple)
Confirmation = Cycle Completion + Alignment
NOT a candle pattern or indicator.
You don’t follow confirmation.
You follow timing.
Knowledge
Statement on "Why Backtesting Doesn't Work (Proper SMC Edition) Why Backtesting Fails for True Smart Money Concepts Trading (and what you must do instead)”
When you trade using SMC — meaning you’re analysing structure, inducements, order-flow footprints, liquidity sweeps and institutional behaviour — you’re not simply trading fixed setups that repeatedly behave in identical ways. That means the classic “backtest historical data, cycle optimized entry, rinse & repeat” mindset breaks down.
Here’s why:
1. Uniqueness of each market scenario
Institutional footprints don’t repeat like mechanical patterns. Liquidity and order-flow respond to current context: structural highs/lows, prior supply/demand, inducements, time of day, major news, correlated markets, market sentiment. So what happened last month may look similar, but the underlying cause & effect will differ.
2. Hidden Smart Money behaviour
Smart Money isn’t labelled on the chart. You don’t have a tag “institutional buy here” in history. You’re inferring it via structure, retests, inducements, inefficiencies. These signals evolve. Backtesting that uses rigid rules can’t properly capture the nuance of when and why Smart Money enters.
3. Changing context and fractality
The market is fractal: your higher-timeframe structure influences the lower timeframes, but the exact interplay shifts. Backtesting often ignores this evolving interplay. The same trigger on 30M may have a different consequence depending on the 4H structure. That means the recycled historical trigger won’t always behave the same.
4. Emotion, flow, and live execution
You can test entries historically, but not replicate the live environment: real-time spreads, slippage, late reactions, news shocks, liquidity vacuum. On top of that, your emotional state in live execution adds variability. Backtesting doesn’t generate the same pressure. If you rely on backtested “perfect” outcomes, you’ll be unprepared for the live market’s messiness.
5. Forward skill development beats retro “rules”
The real value is not in optimizing past data but in sharpening your forward-looking skill: reading structure, reacting to inducements, identifying the moment Smart Money acts. That means you must practise in live or near-live conditions (smaller size, low risk) to train your brain, your timing, your discipline.
In summary: Backtesting treats the market like a fixed machine; SMC trading recognises the market is an adaptive ecosystem. Your edge is in identifying intent, reading footprints, and executing in live time — not relying solely on historical “this pattern worked 7 of 10 times”. Train the skill live, respect structure and inducement, and your entries will come from genuine alignment, not forced replication of old outcomes.
Stay sharp. Stay structured. And always ask: “Where is Smart Money acting now?”, not “What happened historically?”
Understanding Forex CorrelationA Comprehensive Guide to Forex Pair Correlation Strategies
Forex correlation is a powerful tool that can help traders understand how currency pairs move in relation to each other. It’s an essential concept that, when used correctly, can improve risk management, enhance profits, and provide valuable insights into the behavior of different currency pairs.
The image you've provided breaks down key aspects of forex pair correlation, including positive correlation, negative correlation, and hedging strategies. In this article, we’ll dive deeper into what forex correlation is, how it works, and how you can use it to your advantage in your trading strategies.
What Is Forex Correlation?
Forex correlation refers to the relationship between the movements of two different currency pairs. When two currency pairs move in tandem or in opposite directions, they are said to be correlated. Correlation can be positive, where both pairs move in the same direction, or negative, where the pairs move in opposite directions.
Traders use correlation data to understand potential risks and opportunities. Understanding the relationships between currency pairs allows you to diversify your trades, hedge positions, or double down on strategies based on the expected movements of correlated pairs.
Types of Forex Correlations
1. Positive Correlation
When two currency pairs move in the same direction, they are said to have a positive correlation. For example, EUR/USD and GBP/USD often have a positive correlation because both pairs share the USD as the base currency, and they tend to respond similarly to events affecting the U.S. dollar.
Example of Positive Correlation: If EUR/USD is rising, GBP/USD is also likely to rise due to the influence of the U.S. dollar.
Strategy for Positive Correlation: Traders can use positive correlation to open the same-direction positions in both pairs to amplify gains. However, keep in mind that a highly correlated pair will also double your risk if the market moves against you.
2. Negative Correlation
When two currency pairs move in opposite directions, they are said to have a negative correlation. For instance, USD/JPY and EUR/USD often have a negative correlation. When the U.S. dollar strengthens against the Japanese yen (USD/JPY), it may weaken against the euro (EUR/USD).
Example of Negative Correlation: If EUR/USD is rising, USD/JPY may be falling due to changes in the strength of the U.S. dollar.
Strategy for Negative Correlation: Traders can open opposite-direction positions in negatively correlated pairs to offset potential losses. For example, if you are long on USD/JPY and the trade turns against you, holding a short position in EUR/USD can help balance the loss.
How to Calculate Correlation
Correlation is typically measured on a scale from -1 to +1:
+1 means that two currency pairs are perfectly positively correlated. This means they will move in exactly the same direction at all times.
-1 means that two currency pairs are perfectly negatively correlated. This means they will always move in opposite directions.
0 means no correlation exists, meaning the pairs move independently of each other.
Many trading platforms provide correlation matrices or tools to help you understand the correlation between different pairs. These can be updated in real time or calculated over different time frames (daily, weekly, or monthly).
Why Forex Correlation Matters for Traders
Understanding forex correlation is crucial for several reasons:
1. Risk Management
By using correlation strategies, you can manage your risk more effectively. For example, if you have two highly correlated positions, you're effectively doubling your exposure to the same market conditions, which can increase risk. On the other hand, trading negatively correlated pairs can help reduce exposure to one-sided market movements.
2. Diversification
Forex correlation helps you diversify your portfolio by balancing positively and negatively correlated pairs. Proper diversification ensures that you aren’t overly exposed to one currency or market, providing better protection against volatile market movements.
3. Hedging Opportunities
As shown in the image, hedging with correlations allows traders to use correlated pairs to balance risk and protect investments. If one pair moves against you, a correlated position in another pair can help minimize the loss. This is a strategy that advanced traders often use during periods of high market uncertainty.
Using Forex Correlation Strategies
1. Hedging with Correlations
A popular strategy involves using negatively correlated pairs to hedge positions. Let’s say you have a long position in EUR/USD. You might take a short position in USD/CHF to reduce exposure to potential USD weakness. If the U.S. dollar weakens, your EUR/USD trade may incur a loss, but the short USD/CHF position can offset that loss.
2. Trading Positively Correlated Pairs
When trading positively correlated pairs, you can open same-direction positions to amplify gains. For instance, if you anticipate the U.S. dollar weakening and are bullish on both the euro and the British pound, you might go long on EUR/USD and GBP/USD. In this case, your profits could multiply if both trades move in your favor. However, this strategy also increases risk since losses would be compounded if the U.S. dollar strengthens instead.
3. Avoiding Over-Exposure
While correlation strategies can help increase profits or hedge risks, they can also lead to overexposure if not carefully managed. For example, trading multiple highly correlated pairs (e.g., EUR/USD, GBP/USD, AUD/USD) simultaneously can result in taking on too much risk in a single direction, especially if the market turns against you.
To avoid overexposure:
Check correlation matrices regularly to understand current correlations.
Adjust trade sizes based on the degree of correlation between pairs.
Avoid trading multiple pairs that have a perfect or near-perfect correlation unless you are intentionally doubling down on a strategy.
When to Use Forex Correlation Strategies
During High Volatility: Correlation strategies are particularly useful when the market is volatile, and you want to either reduce your risk through hedging or amplify your profits by trading positively correlated pairs.
Economic News Events: Major news events often affect several currency pairs simultaneously. By understanding the correlations between pairs, you can plan for potential reactions and adjust your strategy accordingly.
Portfolio Balancing: Long-term traders can use forex correlations to balance their portfolios, ensuring they are not overly exposed to any single currency or market condition.
Conclusion
Forex correlation is an essential concept for traders seeking to manage risk, diversify portfolios, and maximize profits. By understanding how different currency pairs relate to each other, traders can build more robust strategies that leverage both positive and negative correlations.
Whether you're looking to hedge your positions, amplify your gains, or simply protect your investments, correlation strategies offer valuable tools for navigating the complex forex market. Be sure to incorporate correlation analysis into your overall trading plan to enhance your decision-making process and boost your chances of success in the forex market.
Happy trading!
USDJPY|FIRST LONG THAN SHORT!We see the USDJPY in the one-hour time frame.
In the upward trend that was previously in the form of an upward channel, this channel has broken down and broken its support level.
In the continuation of its downward trend to enter sales positions.
Important areas of supply and demand are drawn on the chart.
In the returns to the supply areas that I have drawn, enter sell positions with confirmation.
My target for long positions is the supply area of 147.50.
For short positions, the demand area is 146.70.
New Traders Ask, Experienced Traders Answer: Q&AHello TradingView Community!
🔸We're excited to launch a unique Q&A session right here! If you're new to trading and have questions, this is your chance to get them answered by seasoned or just other traders. Whether it's about technical analysis, trading psychology, or managing risks, feel free to ask anything related to trading.
🔸Experienced traders, we invite you to share your wisdom and insights. Your knowledge is invaluable, and this is a great way to give back to the community.
Guidelines:👇
- Please keep questions and answers respectful and constructive.
How It Works:👇
- New traders: Post your questions in the comments.
- Experienced traders: Reply to these comments with your answers.
- Let's make this a rich learning experience for everyone involved. We're looking forward to your questions and the insightful discussions they spark!
P.S.: All the information shared here will be based on personal knowledge and the personal experience of traders! This is just an opinion, not financial advice!
Happy Trading!
Creation of the Top wick / Weekly Candle / End of WeekThere are only two things that can happen on Friday's Daily Candle
1) Price may continue to create a larger weekly candle body or
2) the weekly candle will form a larger wick and retrace
This week we are observing the latter
Price is pulling away from the High prices created during yesterday's New York Session
If the Daily candle closes beneath 1.0762 then we have returned back into the range and will
be eyeing out potential short setups to begin next week.
For Buys I would've preferred that we would have held 1.07615 Daily S/R Zone as we can see it played a key role in pivoting on 6/2, 5/19, and 3/27
Now we continue the range as far as Im concerned. We may pullback to the highs ( 1.0774 and 1.0786) early next week ( Monday/Tuesday ) then dive back to support at 1.069 Daily Support.
🌸HOW YOUR BELIEFS SHAPE YOUR TRADING🌸
🌺Trading is not just about making money. it's also about understanding yourself and your beliefs. Your beliefs can shape the way you approach trading and ultimately impact your success. It's important to identify what we believe and how these thoughts influence our decision-making.
🌼The role of beliefs in trading is often underappreciated. A trader's beliefs can influence their perception of risk, their ability to handle losses, and their willingness to accept new information. Beliefs can also impact their emotional state and motivation, affecting their overall approach to trading.
💐Beliefs can be positive or negative, and they all play a crucial role in shaping our trading behavior. For instance, it is commonly believed that trading requires an intuitive sense, and that success comes from the "gut feeling." While this intuition is essential, it's also vital to think logically and systematically. As a trader, you should evaluate your methods and actions based on logic and data.
🌻Another belief that may impact trading is the 'fear of loss.' This belief comes from a reaction to the thought of losing our hard-earned money. Traders who may be influenced by this belief may avoid loss by being too cautious and missing promising opportunities in trading. Additionally, they may move too quickly and sell out too soon, taking small losses instead of giving trades a chance to earn enough to cover their expenses.
🍀Moreover, some traders believe they can't make money consistently. However, such a belief is likely to result in a failure mindset and a lack of effort to learn and develop skills. Failing to learn about risk management and technical analysis may lead to bigger losses, which will, in turn, affirm the belief that consistent profits are impossible.
🌸To turn negative beliefs around and transform them to suit favorable outcomes, a trader may need to replace negative thoughts with positive ones. Additionally, it may help to find influences that align with your trading goals, whether that's finding a mentor or joining a relevant trading community. Working with like-minded people helps keep your focus on your goals and learn from others' experiences and mistakes. It can boost your confidence and reinforce the belief that consistent profits are attainable, which can impact positively in your trading.
🌵In conclusion, a trader's beliefs heavily impact their trading. It's essential to examine and understand the positive and negative beliefs that influence one's trading behavior. By identifying negative beliefs, traders can have better control of their emotional state and approach to trading. Replacing erroneous beliefs with positive behaviors and working with like-minded traders can provide a path to a positive and successful trading journey.
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🐹ENGULFING CANDLE TRADING STRATEGY EXPLAINED🐹
🐣If you are looking for a simple yet powerful trading strategy that can help you spot potential trend reversals in the market, then the engulfing candle trading strategy might be the one for you.
🐙What is an engulfing candle, you might ask? Well, an engulfing candle is a candlestick pattern that occurs when a larger-bodied candle completely engulfs the smaller-bodied candle that preceded it. It is a sign of a shift in market sentiment, from bullish to bearish or vice versa, and can be used to identify potential entry and exit points for trades.
🐵To use this strategy, you need to be familiar with candlestick charts and understand the basic concepts of support and resistance. Here are the steps to follow:
🐿Step 1: Identify the trend
The first step is to determine the current trend of the market. You can do this by analyzing the price movement of the asset you want to trade over a certain period. If the trend is bullish, you should look for bullish engulfing patterns. If the trend is bearish, you should look for bearish engulfing patterns.
🦔Step 2: Look for engulfing candle patterns
Once you have identified the trend, you can start looking for engulfing candle patterns. A bullish engulfing pattern consists of a small red candle followed by a larger green candle that completely engulfs the previous candle. A bearish engulfing pattern is the opposite, with a small green candle followed by a larger red candle.
🐳Step 3: Confirm the pattern
Before entering a trade based on an engulfing candle pattern, you should confirm that it is indeed a valid signal. This can be done by checking the volume of the larger-bodied candle and ensuring that there are no major resistance or support levels nearby.
🦋Step 4: Enter the trade
If the engulfing candle pattern confirms the trend and there are no major obstacles, you can enter the trade. You should set your stop-loss and take-profit levels based on your risk tolerance and the size of the engulfing pattern.
🦄Overall, the engulfing candle trading strategy is a simple yet effective way to identify potential trend reversals in the market. However, it is important to remember that no trading strategy works 100% of the time, and you should always practice proper risk management to minimize losses.
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🎀Trading Education: EXPECTATIONS VS REALITY🎀
❤️As an aspiring trader, you might have found yourself daydreaming of a life filled with endless profits, exotic vacations, and luxury cars. You might have even started to imagine yourself as the next Wolf of Wall Street, impressing your friends and family with your wealth and success.
💜But the reality of trading education is somewhat different from the fanciful expectations we often hold. Yes, it's true that trading can be a lucrative and exciting profession, but there are a few things you should know before diving in headfirst.
🧡First and foremost, trading education is not a get-rich-quick scheme. You can't simply enroll in a course or attend a seminar and expect to become a millionaire overnight. It takes dedication, hard work, and a willingness to learn and adapt.
💙Reality check number two: trading can be risky. No matter how much education or experience you have, there will always be factors beyond your control that can affect the markets. Successful traders understand this and know how to manage their risk accordingly.
💛Another thing to keep in mind is that there is no one-size-fits-all approach to trading. Different strategies work for different traders, and what works for one person may not work for another. This means that personalized education and training is key. It's important to find a mentor or course that aligns with your goals, personality, and trading style.
🤍Last but not least, trading is not a lonely profession, contrary to popular belief. While it's true that traders spend a lot of time analyzing charts and making trades on their own, there is a whole community of traders out there willing to share their knowledge and experiences. Whether it's through online forums or in-person meetups, connecting with other traders can offer invaluable insight and support.
💚In conclusion, if you're considering trading education, it's essential to adjust your expectations and face the realities of the industry. It takes hard work, dedication, a willingness to take risks, and personalized education to succeed. But with the right mindset, community, and drive, anyone can achieve success in the exciting world of trading.
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🍀Trading VS Investing🍀
🦥When it comes to making money in the finance world, there are two main paths to choose from: trading and investing. Both of these approaches involve buying and selling financial products in order to generate a profit, but there are some important differences that are worth considering if you're trying to decide which strategy is right for you.
🦧Let's start with trading. Traders are, by definition, people who make frequent short-term transactions in the financial markets. Their goal is to take advantage of fluctuations in market prices in order to make a quick profit. This means that traders are constantly monitoring charts, news sources, and other indicators in order to identify opportunities to buy and sell within a matter of days or even hours.
🐙On the other hand, investors are typically focused on the long-term potential of an asset. They're interested in buying assets that they believe will appreciate in value over a longer period of time, such as several years or even decades. While investors do need to keep an eye on the markets to ensure that they're not buying into overvalued assets, they're generally less concerned with short-term volatility than traders are.
🦋So which approach is right for you? Well, that depends on a variety of factors, including your risk tolerance, your time horizon, and your financial goals. If you're the type of person who loves the thrill of the chase and doesn't mind taking on a bit of risk, then trading might be a good fit for you. On the other hand, if you're more interested in building long-term wealth and aren't too worried about short-term fluctuations, then you might be better off with an investor mindset.
🐝Of course, it's also important to keep in mind that there's no one-size-fits-all solution when it comes to trading versus investing. Some people might find that a hybrid approach, where they mix elements of both strategies, works best for them. Others might prefer to focus on developing a mastery in one area or the other.
🐞Ultimately, the most important thing is to do your research, evaluate your own financial situation, and be honest with yourself about what you're hoping to achieve. With the right approach and a little bit of luck, either trading or investing can be a lucrative way to grow your wealth over time.
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BTCUSD: Mistakes beginner traders makeBINANCE:BTCUSDT
Some Of the Main mistake's Beginner Trader often make ;
* Trading without a trading plan. Every trader needs a trading plan.
* Trading too much, too soon.
* Emotional trading.
* Guessing.
* Not using a stop-loss order.
* Taking too big positions.
* Taking too many positions.
* Over leveraging.
GOLD: 3 Reason's why To Invest in Trading education is importantOANDA:XAUUSD
1. Get a Mentor
The best asset to your trading is having a knowledgeable mentor in your corner. Even the most well-written book or well-structured online trading course can only cover so many contingencies! When you run into a unique scenario and money -your money – is on the line, why gamble when you could ask someone more experience for help?
A mentor can ensure that your trading practices get off on the right foot, as well. If you develop bad habits or emotional triggers early on in your trading career, it’s going to be that much harder to “shake” them later on. Remember: your mentor has likely had the same fears, the same apprehensions and the same mistakes under their belt – learn from their mistakes and the student might even surpass the teacher, in time.
2 Understand What You’re Doing
We’re all guilty of coasting somewhere in life – getting the “gist” of something and just letting inertia carry you to a result. Trading, however, is not a High School literature test – it’s an important structure of rules, probabilities and information that could make you a lot of money. It’s not enough to know that cause A affects company B, you’ll need to know why that affect changes things in order to be a knowledgeable trader.
Are industry trading magazines, blogs and corporate research efforts a little dry at times? They certainly can be. That doesn’t mean they aren’t important as part of a holistic trading approach. Taking online trading courses may come with an upfront cost, but what they offer in structure and support is priceless. In addition to the course materials, you’ll get access to a community of fellow traders, which will allow you to clarify ideas and discuss strategies with other traders at your level.
When it comes to pre-made trading blueprints, following – not blindly following or copying, but keeping an eye on – certain systems will help keep concepts fresh in your mind and promote understanding. That brings us to our final point…
3 Forge Your Own Trading Path
The beginning trader could throw a stone and hit a dozen sources that claim they’ve “cracked the code” for 100% successful trading. Not only is that statistically improbable, it’s made to appeal to lazy traders that aren’t willing to put in the work to succeed. No matter how “foolproof” a trading system seems, always filter it through your mentor and your own trading research to ensure it’s worth pursuing.
An old saying also holds true, here: don’t count your chickens before they’re hatched. While it’s important to get comfortable with risk in trading, don’t bet the farm when you’re still learning the ropes. As you practice your trades and build confidence in your methods, success will follow naturally.
🧊The Iceberg Illusion In TradingThe iceberg illusion in trading refers to the perception gap between what people think trading is and what it actually means. Many people see trading as a simple way to make quick profits and accumulate wealth, with the idea that all one has to do is buy low and sell high. However, the reality is far more complex. Under the surface of what appears to be a straightforward process lies a world of risk, stress, and uncertainty. Trading is not just about making money, it requires discipline, patience, and a deep understanding of the markets. Those who don't understand the true nature of trading may face financial loss, depression and failure, much like the hidden dangers beneath the surface of an iceberg. Success in trading often requires much more than just a basic understanding of market trends and patterns, and those who dive in without being fully prepared may face dire consequences.
🔷 Above the Iceberg
Above the iceberg, people often see the glamorous and attractive side of trading, characterized by success, wealth, and financial independence. They imagine traders as confident and knowledgeable individuals, making smart decisions and reaping the rewards of their investments. The image of traders making large profits in a short amount of time is one that is often perpetuated by media and popular culture. People often see the stock market as a fast-paced, exciting place where opportunities for financial gain are abundant, and the idea of being able to control one's financial future through trading is alluring. This perception of trading often creates a rosy and idealized image of what it entails, leading many to believe that success in the markets is easy to achieve.
🔶 Bellow the Iceberg
Below the iceberg, lies the reality of the challenges and difficulties that traders face on a daily basis. There are many hidden risks and uncertainties that are not immediately apparent to those who are new to the world of trading. Some of the things that people don't know that lie beneath the surface of the iceberg include:
🔸 Market volatility:
The stock market is a highly volatile environment, and prices can fluctuate rapidly and unpredictably. This can make it difficult for traders to manage their positions and minimize their losses.
🔸 Emotional stress:
Trading can be a highly emotional experience, and the pressure to make the right decisions can be immense. Many traders struggle with anxiety, fear, and depression, particularly when faced with losing trades.
🔸 Lack of understanding:
The stock market is complex, and it can be difficult for traders to understand all of the factors that influence market trends and prices. This can lead to costly mistakes and an increased risk of financial loss.
🔸 Competition:
The stock market is a highly competitive environment, and traders must be able to keep up with fast-moving markets and make quick decisions based on complex data and information.
🔸 Long-term success:
Many traders are focused on short-term profits and may not consider the long-term impact of their trading decisions. Achieving lasting success in the markets requires a well-thought-out strategy and a strong understanding of the markets and the risks involved.
🔸 Timing:
Successful trading often requires precise timing, as markets can change rapidly and prices can fluctuate. Traders must have a deep understanding of market trends and be able to make quick decisions to take advantage of opportunities.
🔸 Risk management:
Trading involves risk, and traders must be able to manage their positions and minimize their losses. This requires a well-planned and executed risk management strategy, including setting stop-losses and taking profits at appropriate levels.
🔸 Knowledge and experience:
Trading is not just about buying low and selling high. It requires a deep understanding of market trends, economics, and financial analysis, as well as years of experience to develop a successful trading strategy.
🔸 Discipline:
Trading requires discipline and patience, as well as the ability to stick to a well-thought-out strategy. Many traders make impulsive decisions based on emotions or market rumors, which can lead to financial losses.
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EURUSD made EZ3 High Reward Trades(1:12RR + 1:3RR + 1:21RR). Pay attention to the annotations made on the chart. And see how easy it is to harvest the markets. The long trades are still running. Target is M15 HH. If it break evens, then one more entry can be scaled at the extreme lower leg.
Happy Trading
-Team Lamda
Ace Trading Academy - AUDJPY Analysis For Upcoming WeekIn this week's video, we went through each time frame of AUDJPY and reviewed last week's chart markups to compare to what we are seeing now. We analyzed Weekly all the way through 4Hr marking all the possible trading zones.
Video Summary:
Weekly: Saw the weekly support line which we turned into daily support for more accuracy. It's the red line holding up the chart from the bottom.
Daily: Marked up the daily high, midpoint, and daily low. We also saw the Daily Support Zone Box where we saw a lot of liquidity happening in between the Midpoint and Lowpoint.
Daily High(Resistance): 96.450
Daily Midpoint: 93.600
Daily Low(Support): 90.900
4HR: We saw the 4HR imbalance retest area around 94.350 if it were to retest up. Then we also saw a good Major Point for a great resistance area around 95.000.
2HR: In the 2HR we saw a resistance zone and if it breaks through we are looking for it to push for the 4HR restest areas.
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