djwalata:


I think I'm in love with this type of posting now, me too will try to post for educational purposes, I'll likewise STOP to display my open positions on charts.
May b doing these will help a lot rather than posting open positions even though I do post immediately as entered. This thread is for educational purposes.

I am glad you like djwalata...

Do have a great day ahead

Choose your ENVIRONMENT and FRIENDS wisely

Hello Traders,

Let's hit the charts...


NZD/JPY on the daily chart seems to be on bullish steroids.

A breakout of key resistance level 70.411 may further send price to the next possible resistance level (72.287) before the trading week comes to an end.

All we have to watch out for a pull-back and a bullish entry upon confirmation.

What are your thoughts?

Hello Traders,

Let's hit the charts...

On the daily time frame we have price on the EUR/USD form a classical head and shoulder pattern.

If the daily candlestick closes below the 1.10017 support level, we should be selling this pair and take 1.09255 as the next possible support level.

What are your thoughts?

Edd1e:


Nice analysis bro...

Thanks Edd1e

Hello Traders,



Let's hit the charts...



We can see an ascending channel on the 4 hours time frame of the USD/CHF.



We may witness a bearish move of price as we move into Wednesday and if that happens, there is a possibility that our next possible support level would be 0.99302.



I am not a big fan of counter trading, so I most likely will pass on this trade.



What are your thoughts?



https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Welcome to a brand new week...
Let's hit the charts

Price on the GBP/JPY is locked within a channel on the daily chart for over 4 weeks. On Friday the market closed by price having a strong bearish candlestick.

Price reaction to support level 139.251 will be what we should be focusing on.

A breakout will most likely encourage the bearish move of price to the next possible support level (136.517) and a reversal of price will also encourage the Bulls to take price to a previous resistance level (140.867).

What are your thoughts

https://craftingpips.com/category/trade-setups/daily-setup/weekly-setups/

Boom���

infofirst:
How do we describe a professional forex trader with years of successful trading experience soliciting for 200,000 Naira from a struggling forex trader?

How do we describe universities abroad that demand an ARM and a LEG as tuition fees, throw many students into debts of hundreds of thousands of dollars to get a degree which is NOT a guarantee that you would get a DECENT paying job.

As a matter of fact, many graduates still pay student loans years after graduation.

Hello Traders,

Let's hit the charts...

Price on Gold has been trying hard to break resistance level 1474.38.

If the Bulls finally succeed in doing so, our next possible resistance level would be 1492.08.

Personally, I am bullish biased and I will be waiting for a confirmation to go long on this pair.

What are your thoughts?

https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

I hope you are all well-rested?

Let's polish our gunz for the week as we go in all blazing...

On the CAD/JPY, price closed with a bullish engulfing candlestick within an ascending channel on Friday.

If the bullish candlestick is confirmed this week, we could be seeing price move to 83.479 as the next possible resistance level. Mind you, a confirmation is very important before we commit to a bullish bias.

On the other hand, if price closes below support level 81.620, the Bears may charge to the next possible support level 80.034.

What are your thoughts?

https://craftingpips.com/category/trade-setups/daily-setup/weekly-setups/

Hello Traders,

A quick look at our charts...

Gold has broken a key resistance level 1469.62.

If 7 pm confirms the bullish breakout, we could see price hit 1492.08 as the next possible resistance level.

What are your views?

https://craftingpips.com/category/trade-setups/daily-setup/

Only a FEW learn the art of mastering PROBABILITIES and their OUTCOMES.

Hello Traders,

Let's hit the charts...

EUR/JPY is currently bearish, however, we should be expecting price to slow down a bit as it reaches a key support level (118.855).

If the support level gets broken this week, we could see price continuing its bearish move to the next possible support level (117.083)

On the other hand, if support level 118.855 acts as a springboard, we could also see buyers come into the market to change the direction of the flow. This will most likely take price back to resistance level 121.369.

What are your thoughts?

https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Let's hit the charts...

NZD/JPY is gradually approaching a key support level (68.965)

Patience would be required in order to see how price would react to that support level.

A bearish breakout will most likely encourage the Bears to force price down to the next possible support level (68.394) and if price bounces off 68.965, then we could see the Bears pulling price to resistance level 69.284.

What are your thoughts?

Hello Traders,



Welcome back from the weekend.



Let's hit the charts and see what trhe market has for us this week.



On the 4 hours chart of the AUD/USD we saw price close below the consolidation band which has been a fairly strong support.



If the market resumes with a weak Australian dollar this Sunday, there is every likelihood that price will further drop to the next possible support level (0.68105).



What are your thoughts?



https://craftingpips.com/category/trade-setups/daily-setup/weekly-setups/

Hello Traders,

For the past 5 months, USD/JPY on the daily chart has been respecting resistance level (108.856).

If the daily candlestick closes with a bullish pin-bar above the present resistance level, we could be looking at a bullish move for the rest of Friday before the market closes.

We could be looking at price hitting resistance level 109.989 before the market closes

What are your thoughts?

https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Let's hit the charts...

We can see a double top on the 4 hour time frame of the EUR/USD.

Price is presently resting at the base (1.10735) of the double top.
A breakout will most likely take price to the next possible support level (1.10017), and a reversal may most likely take price back to resistance level 1.11163.

What are your thoughts?

https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Let's hit the charts...

On the 4 hours chart of the GBP/USD, we can see a pennant formation.

Waiting for price to hit support level 1.28517 and it’s reaction afterward is important.

A breakout will most likely encourage the Bears to pull price down to the next possible support level (1.26936) and a reversal will bounce price back to resistance level 1.29508.

What are your thoughts?

Check out: https://craftingpips.com/category/trade-setups/daily-setup/

GRIT births GENIUS

Hello Traders,

Are we ready for the first trading week of the month?

If YES, let's hit the charts...

After Gold embarked on a bullish rampage on Wednesday, it got stopped dead in its tracks by a strong resistance level (1514.40)

At this point, price has two options:

A breakout which could further encourage price to continue it’s bullish move to the next possible resistance level (1534.09) or
Price could reverse and head back to seek refuge on the support level 1495.40

Personally, my bias lies in the former, but again, we have to ensure we get a breakout confirmation before we follow the trend.

What are your thoughts?

Hello Traders,
Let's hit the charts one last time this month of October...
Alright...
On the 4 hours chart price has formed a giant pennant on the NZD/USD pair.
A bounce off the present resistance level (0.64303) could send price back to support level 0.63628 and a breakout could further send price on a bullish rampage to the next possible resistance level (0.64861).
This setup playing out will very much depend on how the daily candlestick closes today.
Personally I will be more of an observer in the market tomorrow, however, if this setup gives a good bearish/bullish confirmation, I may just trade it.
What are your thoughts

https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Let's hit the charts...

EUR/USD pulled off a strong bullish candlestick which was against popular beliefs after a bearish pin-bar was printed at the close of the 3 pm candlestick.

The big question now is:

Do the buyers have enough steam to push price to the next possible resistance level (1.11626) or are we going to see this pair crumble like a pack of cards, which could bring price back to a previous support level (1.10747)?

What are your thoughts?

Hit the link for other setups: https://craftingpips.com/category/trade-setups/daily-setup/

Hello Traders,

Let's hit the charts...

On the daily chart, USD/JPY is rearing its head above a key resistance level (108.856).

We should be looking out for how this pair closes its daily candlestick by 11 pm.

If there is a clean breakout, we could be targeting 109.889 as the next possible resistance level.

If there is a pull-back, then 107.749 may most likely be price next bus stop.

What are your thoughts?

"Only you can make that decision"

Hello Traders,



Let's hit the charts...



The EUR/JPY is looking pretty.



After a major breakout from resistance level (118.775) of a descending channel, price got stuck for close to 2 weeks within a consolidation band.



A breakout through the consolidation band will most likely encourage sellers to further push the price down to the next possible support level (118.315).



Do have a great week ahead.



For more setups, slam the link: https://craftingpips.com/category/trade-setups/daily-setup/weekly-setups/

Just closed my last trade on GOLD with +146 pips

Done for the week

Wishing everyone a great weekend

Shevychen2:
Just catching up on everything I have missed so far.. A bit of a shame some of the discussions. Seeing some things I didn't expect from people that have been struggling in this thing for at least 10 years. I believe that is enough time for anyone to tell themselves the truth.

This business is EXTREMELY hard. Not because it is quantum physics but because the human nature is designed to fail at it. This is why when you read the stories of traders that have failed, it is almost the same exact reasons that made them fail.. Yet many more will still fail like that again.

Just read this page if you want to understand what I mean https://confessionsofatrader.com/.. The page is also important for anyone just starting out. It may be best for you to not start at all because there is an 80% chance that you will be frustrated even 5 years from now! Not a curse or exaggeration. Hard truth.

If you find yourself still struggling after years and years of trading, quit the delusion. Don't go collecting money from people. Don't sell your father's land to fund account. Just swallow your pride and go back to the drawing board. If you can't do that, just quit completely before it is too late!

P.S I have seen some comments saying 3 months data is enough to prove profitability.. No, it isn't. If you don't have an account that has minimum 2 years of profitable trading with maximum 20-30% drawdown, don't go about claiming guru just yet. If you collect someone's money to trade, you will crash it.

And for the people that are always quick to give people money to trade, good luck as you keep losing. Just like becoming a doctor, software coder, astronaut etc, Forex trading is not a get rich quick scheme. It is very torturous. Stop being deceived.

Hello Shevychen2,

Thank you for telling the HARD TRUTH as it is.

A lot of new traders see fx trading as an escape from the REAL LIFE HARD WORK. Believing that in 2 or 3 months they will figure it out, and it never really ends well.

There are few people like you out there who don't sugar coat this profession, and I am glad I am getting to see one here.

The link you also posted blew my mind man (lol)

The first comment there killed me (Someone watching porn and scrolling through tweets every day instead of trading... seriouslyyy?)

I have bookmarked the site and its quite interesting to know that one is not alone in this game.

Wishin you a great weekend and thanks for the input

Whether you are a:

Beginner trader
Intermediate trader or even a
Pro-Trader

Being a GAMER has a profound INPUT in your trading career.

Do you doubt it?

Find out here: https://craftingpips.com/category/articles/