Tuesday 4th, January 2022

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Wednesday 5th, January 2022

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Stop Loss Hunting

A manipulative tool, that is used by Market Makers and Whales to manipulate market every day and to take away money from Retailers.

This is a basic yet advance topic to discuss.
For simplicity sake, Let's break down this
discussion in five parts :

1) What is Stop Loss Hunting?
2) How does it work ?
3) Why does it work ?
4) Why they do it?
5) How to avoid it?

1) What is Stop Loss Hunting

Stop Loss Hunting is a process in which “A KEY LEVEL” is broken on either side in order
to trap Retailers and to take Stop losses of
either bears or bulls and trap them in that
Trade.

2) How does it work ?

It works only when we have a level that is SO
OBVIOUS to everyone that majority of
RETAILERS put there Stop Loss underneath
that level.

Stop Loss Orders are clearly observable in
ORDER Book and ESPECIALLY to Market
makers.

However, Key Levels in Range Trading
become so obvious to Market makers or
some Support levels that Whales/
Institutions or Market Makers can clearly
observe where most Stop Losses of Majority
of Retailers will be.

Thus they can overwhelm that range or level
with Demand or Supply to take out Bears or
Bulls Respectively.

3) WHY DOES IT WORK ?

We all are HUMANS and are bounded by our
Emotions. We are EMOTIONAL BEINGS at
the end of the day and we are not machines.
Inherently,
We share an emotional domain
and there are two key emotions in that
domain :- Fear, Greed.

These emotions are involved and determine
out actions most of the times in any
Financial Market.

Therefore, These emotions are used as
trigger points for Buying and selling and
thus, Market Makers manipulate the Market
by Controlling the masses by using these as
Trigger points.

In Bear Trap, thus, when an obvious support
level is broken then Retailers sell and
Whales/Institutions buy and Bears are
trapped. Then market makers Push the price
up and that is how BEAR TRAP Works.

On the other side, In Bull Trap when
Resistance level is broken then Break out
traders buy at Breakout and then Bears Stop
Loss is mostly taken out then Many buyers

4) WHY THEY DO IT

Answer is pretty simple for this :- To make
more Money and Get better ORDER FILLING
PRICE for their BIG ORDER Trade.

Whales/ Instituions do get have a BIG
ORDER SIZE and Especially when they have
INSIDER News or Information before it
becomes available to public.

They always seek to get their BIG ORDER
SIZE FILLING in Blocks at better Price.
For that reason, they do overwhelm a
Support level with Supply to take out
Retailers out of that trade and fill their BIG
ORDER SIZE in Blocks.

Also, sometimes, when Market Makers see
good Opportunity to take out Retailers out of
trade they do same as well by Breaking Key
Level on Either side.

5) HOW TO AVOID IT

This can be done in TWO WAYS. By having
Either your Stop Loss Wide Enough OR Look
out for a key Level is so obvious to everyone
and thus Expect Stop Loss Hunting at that
level.

What i do sometimes is that when a key
Level is broken and it is coming back to
support then you can trade from that level
where AN OBVIOUS KEY LEVEL is broken
and most Retailers are taken out of the
trade.

RISK MANAGEMENT.

By keeping your Trade Position Size Small
enough, one can take precaution against
such events and when i also face this issue,
and if i have high confidence in that Trade, i
just re-enter that trade but with again
Appropriate position size.

Therefore, even if anyone take a loss due to
SL Hunting, but Trade is really really good,
just use Right position Size and re-enter that
trade.

�✅How to Be a Successful Trader in Forex�

Once you've established your trading strategy, and switched to a live trading account, you should move on to the next step—or steps, rather: 

1. Set stop-losses for every trade. Otherwise, failure is almost certain.
 
2. Develop a trading plan and always adhere to it.
 
3. Don't risk more than 2% of your margin per single trade. 

4. Keep your emotions separate from trading. 

5. Never trade to compensate for your losses.
 
6. Only trade when you feel it's the right moment.
 
7. Don't be afraid of losses, every trader has them
. 
8. Try to achieve more profitable trades, and have less unsuccessful trades.

This is the right path to follow in order to become a good Forex trader.✅�

Thursday 6th, January 2022

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Todays nugget ✅

Friday 7th, January 2022

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Monday 10th, January 2022

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Tuesday 11th,January 2022

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Tuesday 4th, January 2022

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Monday 31st, January 2022

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Here's what you need to know on Monday, January 31:

� Sentiment on global markets remains buoyant following the impressive turnaround on Wall Street last Friday. Despite the positive mood, weak trading prevails as a group of Asian markets, including China, are closed due to the Lunar New Year holidays;

�� �� �� Investors are also paying close attention to the Ukrainian crisis, as Russia has added more troops along the Ukrainian border. The United States and its NATO allies continue to see a likely Russian invasion. US senators are close to finalizing a deal on legislation to sanction Russia for its actions regarding Ukraine this week;

�Meanwhile, a sense of calm prevails ahead of meetings of major central banks, including the RBA, BOE and ECB, scheduled for later this week;

�The US dollar index retreats from its highest level since July 2020 due to reduced demand for safe haven assets.
DXY is currently trading above 97.05;

�EUR / USD is bouncing above 1.1150, conditions do not seem to be there yet for a solid upside. The pair prepares for bearish pressure which could drive it down to 1.1085;

��GBP / USD regained 1.3400 in better weather and the dollar's retreat. Meanwhile, Brexit concerns continue to loom as markets keep an eye on Brexit Freedoms, which will introduce new legislation that will allow changes or elimination of retained European Union (EU) laws;

��USD / JPY is highly quoted around 115.50 as the yen emerges as the weakest in Asia;

�Gold is licking wounds below $ 1,800, slightly below the six-week lows of $ 1,780. The Russia-Ukraine crisis offers some support to the bulls, although the Fed's "calming cure" paid off last week;

�WTI barrel is returning to a seven-year high above the $ 88 mark amid supply concerns and political tensions in Eastern Europe. Brent crude oil exceeds 91 dollars;

⛓CRYPTO: Bitcoin has dropped around 3% so far this Monday, hovering around $ 37,000 in a bearish potential. Another red week for the crypto currency sector in general.

Tuesday 1st, February 2022

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Thursday 3rd, February 2022

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⚓ CURRENCY INDEX ⚓

HOLYGRAIL.

Trading is not a get-rich-quick scheme.
It's a logical fallacy. It is untrue.
It's a bad way of thinking.
It's a load of nonsense.

Work on your Emotional Balance, Patience, and Psychological Stability.
Keep your cool and don't chase Price.

Finally, Sound Risk Management is what allows it all to happen.

You will save a lot of time and money if you manage your risk, and you will be unconcerned about what the Market does to you.

The industry guideline is to risk 2% of your capital per trade. I utilize 1% for each trade position.

But, because you want to show your friends that you're the finest in town with your Rolex watch(es) and fleet of cars, you go home broke.

Be prudent.
Stick to the guidelines.

Human psychology is a food source for the market. You will worry less and build patiently over time after you have the correct Risk Management in place.

With a risk of 1-2 percent of your cash, 25 pips per week guarantees 3-6 percent in a month. That's a good place to start.

With a capital of $1,000, you will be a millionaire in USD in ten years.

Take advantage of such discipline. Greed should be avoided.
There is no other way to put it.

Adieu.

Friday 11th, February 2022

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Wednesday 16th, February 2022

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Thursday 17th, February 2022

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Kaesyrn:
Thursday 17th, February 2022

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Boss I want to start my own prop firm challenge very soon. Any advice to give me on money management and how to pass the challenge

Englishisamust:


Boss I want to start my own prop firm challenge very soon. Any advice to give me on money management and how to pass the challenge

For Aggressive trading wait for a setup that meets several confluences and go heavy on the trade once it gets up to 3R close all…

For conservative trading you can target 2% per day and in 5 days you successfully get your 10%…

In all these make sure your SL is in place just incase the trade goes sour, usually 2% of equity to be used as risk per trade…

"Trading is a waiting game. You sit, you wait, and you make a lot of money all at once.

Profits come in bunches.

The trick is not to lose too much in between while going sideways between your home runs"

- Anderson (TC28)


Watching trading videos, Helps develop sound Trading Psychology having to listen to several traders around the world and their shared experience.

Quite "boring", but very healthy.


https://www.youtube.com/watch?v=peft40rt2GU

Tuesday 22nd, February 2022

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Friday 25th, February 2022

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⚓ CURRENCY INDEX ⚓

Fresh western sanctions trigger financial panic in Russia and sharp falls in equities worldwide. The dollar and gold rise. Vladimir Putin puts his nuclear forces on high alert after "unfriendly" moves, while Europe awakes from a 30-year slumber on defense policy. In the U.S., New York City lifts its mask mandate and Lucid Motors is set to report earnings. Here's what you need to know in financial markets on Monday, 28th February.

1. Russian assets tumble after fresh sanctions

The Russian ruble tumbled after new western sanctions effectively froze over half the foreign reserves of its central bank and shut selected Russian banks out of the global financial messaging network SWIFT. That move will stop almost all payments into and out of Russia except those directly linked to payment for Russian energy exports.

News of the sanctions triggered mass runs on deposits at Russia’s banks, Around 30% of Russian retail deposits are held in foreign currency.

The Central Bank, which doubled its benchmark rate to 20% to defend the ruble, said that Russia’s stock exchanges would remain closed all day, but depositary receipts of Russian companies listed in Europe, fell sharply, as did Russia-themed ETFs. Governor Elvira Nabiullina will hold a press briefing at 8 AM ET (1300 GMT).

2. Putin puts nuke forces on high alert as EU steps up

In addition to the financial measures announced, the weekend also saw major shifts in European foreign policy, as the continent was jolted into a new assessment of political realities.

Germany announced its biggest increase in defense spending since the end of the Cold War and vowed to spend above the amount recommended for NATO members in the future. The European Union for the first time ever said it would ship lethal weaponry to another country and closed its airspace to Russian commercial aircraft.

On the battlefield, Ukrainian forces continued to frustrate Russian attempts to seize major cities across the country. Unverified reports and social media footage suggested that Russia had responded by launching missile barrages against cities such as Kharkiv to break their resistance.

On Sunday, Russian President Vladimir Putin had placed his country’s strategic nuclear forces on high alert, describing the move as a response to ‘hostile’ actions by the West against Russia.

Despite this, Ukrainian and Russian diplomats are due to meet on the Ukraine-Belarus border later.

3. U.S. stocks set to open sharply lower

U.S. stock markets are set to follow European markets lower when they open later, in a response to the political and military developments.

By 6:15 AM ET, Dow Jones futures were down 443 points, or 1.3%, while S&P 500 futures were down 1.5% and Nasdaq 100 futures were down 1.4%.Hewlett-Packard, Lucid Motors and Workday (NASDAQ:WDAY) are among companies reporting earnings later.

The situation was also reflected in a rush for haven assets. The dollar index rose strongly, while the yield on the 10-year U.S. Treasury fell six basis points to 1.92%. Gold futures rose another 1.0% to trade back above $1,900 an ounce.

4. Oil and gas prices surge on new fears

Crude oil prices rose sharply, as did European natural gas futures, amid fears that the new sanctions could disrupt energy flows out of Russia, even though they were tailored to avoid doing so.

By 6:15 AM ET, U.S. crude futures were up 4.3% at $95.56 a barrel, while Brent crude was up 4.4% at $96.29 a barrel. U.S. Natural gas futures rose 1.5% to $4.538 per thousand BTUs, in anticipation of heightened demand from Europe to cover shortfalls in supplies from Russia.

Over the weekend, oil giants BP (NYSE:BP) and Equinor said they will start exiting their Russian holdings. BP envisages a hit of up to $25 billion from a fire sale of its 19.75% stake in Rosneft, most of it albeit in the form of non-cash charges.

5. NYC to lift mask mandate

In brighter news, New York City said it will lift its mandate on people to wear masks in restaurants and entertainment venues as of March 7, another landmark in the country’s emergence from the latest wave of the pandemic.

The nationwide 7-day case rate has now fallen to its lowest since last July.

It’s a different story in China, however, where Hong Kong continues to record unprecedented levels of both new infections and deaths. Figures for the Chinese mainland, which are harder to verify, also continue to show rising case incidences.

Kaesyrn:
Fresh western sanctions trigger financial panic in Russia and sharp falls in equities worldwide. The dollar and gold rise. Vladimir Putin puts his nuclear forces on high alert after "unfriendly" moves, while Europe awakes from a 30-year slumber on defense policy. In the U.S., New York City lifts its mask mandate and Lucid Motors is set to report earnings. Here's what you need to know in financial markets on Monday, 28th February.

1. Russian assets tumble after fresh sanctions

The Russian ruble tumbled after new western sanctions effectively froze over half the foreign reserves of its central bank and shut selected Russian banks out of the global financial messaging network SWIFT. That move will stop almost all payments into and out of Russia except those directly linked to payment for Russian energy exports.

News of the sanctions triggered mass runs on deposits at Russia’s banks, Around 30% of Russian retail deposits are held in foreign currency.

The Central Bank, which doubled its benchmark rate to 20% to defend the ruble, said that Russia’s stock exchanges would remain closed all day, but depositary receipts of Russian companies listed in Europe, fell sharply, as did Russia-themed ETFs. Governor Elvira Nabiullina will hold a press briefing at 8 AM ET (1300 GMT).

2. Putin puts nuke forces on high alert as EU steps up

In addition to the financial measures announced, the weekend also saw major shifts in European foreign policy, as the continent was jolted into a new assessment of political realities.

Germany announced its biggest increase in defense spending since the end of the Cold War and vowed to spend above the amount recommended for NATO members in the future. The European Union for the first time ever said it would ship lethal weaponry to another country and closed its airspace to Russian commercial aircraft.

On the battlefield, Ukrainian forces continued to frustrate Russian attempts to seize major cities across the country. Unverified reports and social media footage suggested that Russia had responded by launching missile barrages against cities such as Kharkiv to break their resistance.

On Sunday, Russian President Vladimir Putin had placed his country’s strategic nuclear forces on high alert, describing the move as a response to ‘hostile’ actions by the West against Russia.

Despite this, Ukrainian and Russian diplomats are due to meet on the Ukraine-Belarus border later.

3. U.S. stocks set to open sharply lower

U.S. stock markets are set to follow European markets lower when they open later, in a response to the political and military developments.

By 6:15 AM ET, Dow Jones futures were down 443 points, or 1.3%, while S&P 500 futures were down 1.5% and Nasdaq 100 futures were down 1.4%.Hewlett-Packard, Lucid Motors and Workday (NASDAQ:WDAY) are among companies reporting earnings later.

The situation was also reflected in a rush for haven assets. The dollar index rose strongly, while the yield on the 10-year U.S. Treasury fell six basis points to 1.92%. Gold futures rose another 1.0% to trade back above $1,900 an ounce.

4. Oil and gas prices surge on new fears

Crude oil prices rose sharply, as did European natural gas futures, amid fears that the new sanctions could disrupt energy flows out of Russia, even though they were tailored to avoid doing so.

By 6:15 AM ET, U.S. crude futures were up 4.3% at $95.56 a barrel, while Brent crude was up 4.4% at $96.29 a barrel. U.S. Natural gas futures rose 1.5% to $4.538 per thousand BTUs, in anticipation of heightened demand from Europe to cover shortfalls in supplies from Russia.

Over the weekend, oil giants BP (NYSE:BP) and Equinor said they will start exiting their Russian holdings. BP envisages a hit of up to $25 billion from a fire sale of its 19.75% stake in Rosneft, most of it albeit in the form of non-cash charges.

5. NYC to lift mask mandate

In brighter news, New York City said it will lift its mandate on people to wear masks in restaurants and entertainment venues as of March 7, another landmark in the country’s emergence from the latest wave of the pandemic.

The nationwide 7-day case rate has now fallen to its lowest since last July.

It’s a different story in China, however, where Hong Kong continues to record unprecedented levels of both new infections and deaths. Figures for the Chinese mainland, which are harder to verify, also continue to show rising case incidences.

Read more info and reactions here - https://www.nairaland.com/7007354/ukraine-crisis-russian-ruble-30

Tuesday 22nd, March 2022

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