There are always reasons not to take a trade.
You have to take a 'weight of evidence' approach - and you'll still often be wrong ;)
The idea: Trade GBP/USD short on a daily close below critical support. Looking for 2:1 RR
Reasons for:
Trend is lower (falling fractals / price below the 50 DMA)
Momentum is to the downside (MACD below zero)
If the break...
This is a live execution of USD/JPY trade, demonstrating how to successfully execute a counter-trend strategy. This trade was all about understanding the market phases and recognizing the trend reversal at the right moment.
To pull off a counter-trend trade, you need more than just technical skills—you need a solid grasp of trading psychology. Staying patient,...
It’s not just about the thrill of nailing a setup and making profits. It’s also about recognizing when an asset has you emotionally trapped, even when there’s no solid argument for your position. Here’s a lesson from my own experience:
After making a huge trade on gold ( ) , I became fixated on the idea that it would keep falling, completely ignoring the market...
Key Levels and Zones:
4hr LQZ (Liquidity Zone):
Marked at around 2437.909 - 2440.000.
This is a higher timeframe liquidity zone which often acts as a strong resistance or support level.
1hr TP 4 / LQZ:
Marked at 2419.433.
This level is a target point or liquidity zone on the 1-hour chart, indicating a significant level where price may react.
15M LQZ...
BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price.
New Monthly candle retracement for...
Bitcoin (BTC) is currently operating within a bullish channel and has recently experienced a bounce off the support provided by the ascending trendline and the 100-day moving average (MA). The cryptocurrency is presently trading within the Ichimoku cloud, accompanied by the Relative Strength Index (RSI), signaling a bearish divergence move.
For bullish trend...
Gold is at key level as respect their 1983 Supply zone and price rejected till 1959 and started growing's up to break the 1983 level the overall trend in buy so you can find buy setup which give respect to your plan.
The possible moves are under;
1. If found some strong evidence on 1960 rejections then open buy positions with proper money managements, but make...
Do you ever feel like your life is a constant juggling act? As a 33-year-old female, I understand the challenges of maintaining balance between trading forex and taking care of a family. It's a question I often get asked:
"How do you create balance in your life while pursuing your passion for forex trading?"
Today, I want to share some insights that may...
It's fascinating to hear about your journey as a content creator and now as a trader. It seems like you have a strong understanding of personal finance and the importance of stability in achieving your goals. Building a stable income and meeting your basic needs is indeed crucial before diving into trading full-time.
- You make an important point about the...
Hey there, so in today's mindset series, we going to be talking about a topic that has the potential to change the way you enter, manage and exit your positions. By watching this weeks video you will:
- Learn how to get into a trade with the best frame of mind, allowing you to mange the trade in the best way possible leaving you to maximise your overall returns....
Hey there, so today I would like to introduce the first episode in what I would like start calling Mindset Mondays. So in this session we going to:
- Learn how to overcome the fear of losing so you can trade with confidence and fearlessness
- Discover how to leverage your losses and maximise your returns resulting in consistent and sustainable equity growth
-...
3D Investing or Trading = Technical Analysis + Depth Analysis
Depth Analysis:
• Macro analysis or / and
• Micro analysis or / and
• Other analysis
See the following video "3rd Dimension Analysis" link for other analysis.
Many use either technical or fundamental analysis alone in their research work, I observed they likely to struggle with confidence to make...
I noticed I’m still in AUDNZD, which is in good profit. Price made a new high, and my first action was to move the trade to break even. At the same time, I noticed I lost a trade on NZDCHF which I set a pending order for this morning.
What I did next was a reaction to the loss. I immediately sought a trade on a currency pair that was not on my list.
Once I did...
- After the pulse Novice trades have placed their stop loss below the level shown on the graph..
- We are entring after shake of novice trader s Level
- Taking Profit at 1803 Level.
- Sitting Down and Waiting for confirmation in 15min frame to optimize Entry.
