I just made a mistake in clicking a wrong pair instead of my usual trade pair...

Already closed but hope I don't get affected negatively ?

Cc.

@Gabsonfx

Friday 1st, October 2021

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Thursday 30th September, 2021

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W1 Views on

⚓ DXY

⚓ BTCUSD

⚓ XAUUSD

⚓ GBPUSD

GBP/JPY’s break of 150.97 minor support argues that rebound from 148.93 might have completed. Intraday bias is back on the downside for 149.03 key support again.
Firm break there will carry larger bearish implications. On the upside, firm break of 152.82 will suggest that correction from 156.05 has completed, and turn near term outlook bullish for retesting this high.


Intraday bias in EUR/JPY remains on the upside for 130.73 resistance. Firm break there will argue that correction from 134.11 has completed and turn near term outlook bullish for retesting this high.
On the downside, break of 129.36 minor support will turn bias back to the downside for retesting 127.91 instead.


EUR/GBP’s rebound from 0.8448 resumed by breaking 0.8612 resistance. Intraday bias is back on the upside for 0.8668 key structural resistance next.
Sustained break there will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764


Intraday bias in EUR/AUD is turned neutral for the current recovery. On the upside, above 1.6232 will resume the rebound to retest 1.6434 high. Overall, rise form 1.5250 is still in favor to continue as long as 1.5898 support holds.
However, sustained break of 1.5898 will argue that whole rise from 1.5250 has completed, and turn near term outlook bearish.

Wednesday 29th September, 2021

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Tuesday 28th September, 2021

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Remember, it’s not IF it works that’s important…it’s WHEN it works that’s the

I see people now down play “retail trading” as if they know some holy grail strategy

Guess what? SMC is the new “retail strategy”

But if you think about it logically, retail trading MUST WORK at some point or there would be no such strategy!

This goes for supply and demand trading, Smart Money Concepts, Fibonacci, Support and resistance, candlesticks, trendlines etc…

A “head and shoulders” pattern doesn’t just randomly appear in the market. It would not exist if it didn’t play an important role. It cost millions of dollars just to move a single pip. Nothing is by chance.

Everything you see is deliberate and has only one goal in mind, to persuade you to think a certain way.

61.8 works sometimes
Orderblocks work sometimes
Trendlines work sometimes
Imbalances work sometimes
H&S works sometimes
EMA work sometimes
Divergence works sometimes
Structure works sometimes
Engulfings work sometimes

Should I keep going?

You can keep viewing the market from their side, or you can challenge yourself to think deeper, and see the TradeTalk side of the FX market.

The choice is yours

Friday 24th September, 2021

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Market is open, thats nice, another week to come and squeeze some profits from the multi trillion dollar per day FX market.

Daily Trading Nugget

Mental skills are the key to trading…
A key point that Mark Douglas really seems to want to drive into people is: Even if your method is a high-probability method, it’s the proper execution of that method that you need proper mental skills for. If you don’t have those mental skills, even a winning strategy will lose.

Mental skills are things like; staying focused on the process, on your method, and not worrying about the consequences if this trade goes wrong. If you don’t have the proper mental skills to stay positively focused on the process of trading; on doing exactly what you need to do when you need to do it without reservation, hesitation or fear, you will not make money in the market.

It’s critical to remember that no matter how good your technical method is at generating wining trades, turning those winners into a consistent income takes the ability to do or not do some things that the method can’t help us with.
The method can’t force us to pre-define our risk, or with making the mistake of moving our stop closer and stopping us out prematurely, it can’t stop us from hesitating and getting in too late or from over-trading or from getting out too soon and leaving money on the table.
No matter how good the method, if you make mental errors you will lose.

If you really boil down what Mark is saying by his comments on “mental skills”, it basically comes down to having ice-cold ‘blood in your veins’ discipline. Mental skills like discipline essentially means the ability to control yourself and especially your behavior / actions in the market against the CONSTANT TEMPTATION the market gives us. Essentially, as a trader, you are fighting against yourself to see which part of your brain has more control; the older, emotional and more primitive part or the more advanced logic and planning parts.

-NialF

H4 Views on

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Friday 24th September, 2021

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Daily Trading Nugget

“All statistics have outliers. Money management, therefore, is key to the process of good trading.”

― Yvan Byeajee

Thursday 23rd September, 2021

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Kaesyrn:
Another gold pattern formation for a probable long...

Been picking up buys from 1755

Kaesyrn:
FOMC

FOMC

Tuesday 21th September, 2021

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Kaesyrn:
H4 Views on

⚓ DXY

⚓ BTCUSD

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H4 Views on

⚓ DXY

⚓ BTCUSD

⚓ XAUUSD

⚓ GBPUSD

Another gold pattern formation for a probable long...

Been picking up buys from 1755

Michael J Huddleston (ICT):
���

The mistake many make as developing Traders, is to assume that there is always an opportunity. The truth is, there are times when no low risk opportunity is offered.

It might look like it, it might resemble a time when it did this or that... but do not fall victim to this. Most indeed fall to this incorrect assumption.

For those in Forex, at the present, you might be finding it a bit harder to determine a Daily Bias. This is largely due to the market being held in consolidations in a moment in time... when every large fund is scratching their heads.

As Traders, we need volatility to profit. If the market is quiet, listless... or of no interest... money will not be funneled into it. It will require some future event to kickstart the interest in that market again.

That is what we are dealing with, at the moment. The Algorithm is not broken, changed or nonexistent. It is merely showing a prolonged period of consolidation. In short, the Central Banks are holding it still or "quiet" for now. This is a good thing.

Why is this a "good thing", you might ask?

There will likely be a period of incredible volatility in the coming months. Money never sleeps and it never grows tired of seeking yield. The Central Banks know this and they will serve up, in one manner or another, an increased pace in the markets.

Do not be surprised if it comes in the form of a painful, unwanted event. As a Speculator, we do not care what the catalyst or root cause was... we just want movement. For some this creates a moral dilemma and I will leave that for you to sort out. I made peace with that mental snare long ago... and it is a personal thing you will sort out for yourself... or not.

When markets are in quiet periods like they are in Forex, you can look at other asset classes like Index Futures or Commodities. I am personally keeping my eye on those markets and allowing the Forex market to get its footing again.

Patience is a hard thing to forge in a market like this. For the new developing students... you are trying to learn in the most difficult period in market history. Keep that in mind and never quit.

This too, shall pass.

As you were...

Today was good day innit

Kaesyrn:
H4 Views on

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H4 Views on

⚓ DXY (bullish move)

⚓ BTCUSD ( 50k move)

⚓ XAUUSD ( Broke intraday support)

⚓ GBPUSD (Lying at S2 support)

Kaesyrn:
Thursday 16th September, 2021

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� The US retail index rose 0.7%� in its August assessment, which was expected to be -0.7%.

� The previous period was -1.1%.

#USD #Gold
@Forex_LiveStream

Thursday 16th September, 2021

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H4 Views on

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Meister:


Level 23

Yeah didn't backup my old alc I lost everything and started afresh

Intraday bias in GBP/JPY remains neutral for the moment. Further rally is mildly in favor with 151.32 minor support intact.
Above 152.27 will target 153.42 resistance first. Decisive break there will argue that whole corrective pattern from 156.05 has completed, and bring retest of this high.
On the downside, however, break of 151.32 minor support will turn bias back to the downside for 149.16 support instead.


EUR/JPY is staying in consolidation form 130.73 temporary top and intraday bias remains neutral first.
As long as 129.14 support holds, further rise is in favor. Corrective fall from 134.11 could have completed at 127.91 already.
On the upside, break of 130.73 will resume the rebound from 127.91 to 132.68 resistance next. However, break of 129.14 will dampen this bullish view and bring retest of 127.91 low instead.


Intraday bias in EUR/USD remains neutral for the moment. On the upside, sustained break of 1.1907 resistance will indicate that fall from 1.2265, as well as the consolidation pattern from 1.2348, have completed.
Near term outlook will be turned bullish for 1.2265/2348 resistance zone.
However, on the downside, rejection by 1.1907 followed by break of 1.1792 support will dampen the bullish case, and turn bias back to the downside for 1.1663 support instead.


EUR/CHF’s rise from 1.0694 resumed after brief retreat and intraday bias is back on the upside. Next target is 1.0985 resistance.
On the downside, below 1.0843 minor support will turn bias neutral and bring consolidations again first.