Order blocks represent areas where institutional traders execute large orders, creating significant market moves. 1. Identifying Order Blocks Look for consolidation zones before a strong price breakout. Mark the range of the consolidation as the order block. 2. Trading Strategies Wait for price to revisit the order block. Enter trades based on confirmation signals like engulfing candles or trendline breaks.

Order blocks represent areas where institutional traders execute large orders, creating significant market moves. 1. Identifying Order Blocks Look for consolidation zones before a strong price breakout. Mark the range of the consolidation as the order block. 2. Trading Strategies Wait for price to revisit the order block. Enter trades based on confirmation signals like engulfing candles or trendline breaks.

Gold Price Forecast: XAU/USD record highs keep coming Spot Gold traded as high as $2,634.74 a troy ounce on Monday, achieving yet another record...

Gold Price Forecast: XAU/USD record highs keep coming Spot Gold traded as high as $2,634.74 a troy ounce on Monday, achieving yet another record...

The Ichimoku Cloud is a comprehensive indicator that identifies trends, support and resistance, and momentum. 1. Key Components Tenkan-sen and Kijun-sen: Short-term and medium-term trend lines. Senkou Span A and B: Form the cloud, indicating support/resistance levels. Chikou Span: Lagging line showing past price movements for confirmation. 2. Trading Signals Bullish: Price above the cloud, with Tenkan-sen crossing above Kijun-sen. Bearish: Price below the cloud, with Tenkan-sen crossing below Kijun-sen.

The Ichimoku Cloud is a comprehensive indicator that identifies trends, support and resistance, and momentum. 1. Key Components Tenkan-sen and Kijun-sen: Short-term and medium-term trend lines. Senkou Span A and B: Form the cloud, indicating support/resistance levels. Chikou Span: Lagging line showing past price movements for confirmation. 2. Trading Signals Bullish: Price above the cloud, with Tenkan-sen crossing above Kijun-sen. Bearish: Price below the cloud, with Tenkan-sen crossing below Kijun-sen.

EUR/GBP extended its downtrend on Monday, declining by 0.50% to 0.8335. The breach below 0.8350 marked a low since April 2022. The RSI has entered the oversold territory, while the MACD signals increasing bearish momentum.

EUR/GBP extended its downtrend on Monday, declining by 0.50% to 0.8335. The breach below 0.8350 marked a low since April 2022. The RSI has entered the oversold territory, while the MACD signals increasing bearish momentum.

. Three-Line Strike A reversal pattern involving three consecutive candles in one direction, followed by a strong opposite candle. 2. Rising and Falling Three Methods Continuation patterns showing minor corrections within a dominant trend. 3. Evening and Morning Stars Signal potential reversals in upward or downward trends.

. Three-Line Strike A reversal pattern involving three consecutive candles in one direction, followed by a strong opposite candle. 2. Rising and Falling Three Methods Continuation patterns showing minor corrections within a dominant trend. 3. Evening and Morning Stars Signal potential reversals in upward or downward trends.

Macro fund positioning in Gold as a proportion of open interest reached a new all-time high last week, TDS Senior Commodity Strategist Daniel Ghali notes.

Macro fund positioning in Gold as a proportion of open interest reached a new all-time high last week, TDS Senior Commodity Strategist Daniel Ghali notes.

Harmonic patterns use Fibonacci ratios to predict price reversals. 1. Popular Patterns Gartley Pattern: A bullish or bearish formation signaling reversals. Butterfly Pattern: Indicates potential market extremes. Bat and Crab Patterns: Provide precise entry points based on deep retracements. 2. How to Trade Identify patterns using Fibonacci retracement and extension tools. Wait for confirmation from additional indicators or candlestick patterns.

Harmonic patterns use Fibonacci ratios to predict price reversals. 1. Popular Patterns Gartley Pattern: A bullish or bearish formation signaling reversals. Butterfly Pattern: Indicates potential market extremes. Bat and Crab Patterns: Provide precise entry points based on deep retracements. 2. How to Trade Identify patterns using Fibonacci retracement and extension tools. Wait for confirmation from additional indicators or candlestick patterns.

Market structure refers to the natural rhythm of price movements, including trends, ranges, and reversals. 1. Key Components Higher Highs (HH) and Higher Lows (HL): Indicate an uptrend. Lower Highs (LH) and Lower Lows (LL): Indicate a downtrend. Consolidation: A range-bound market with no clear trend. 2. Applications Identify trend continuation or reversal points. Use in conjunction with support and resistance levels.

Market structure refers to the natural rhythm of price movements, including trends, ranges, and reversals. 1. Key Components Higher Highs (HH) and Higher Lows (HL): Indicate an uptrend. Lower Highs (LH) and Lower Lows (LL): Indicate a downtrend. Consolidation: A range-bound market with no clear trend. 2. Applications Identify trend continuation or reversal points. Use in conjunction with support and resistance levels.

GBP/USD climbs as Flash PMIs from both UK and US indicate economic deceleration. The pair’s uptrend tests the top of an ascending channel, nearing key resistance at 1.3400. A dip below 1.3300 might prompt a correction to 1.3248 and 1.3200, with further supports at 1.3100 and 1.3001.

GBP/USD climbs as Flash PMIs from both UK and US indicate economic deceleration. The pair’s uptrend tests the top of an ascending channel, nearing key resistance at 1.3400. A dip below 1.3300 might prompt a correction to 1.3248 and 1.3200, with further supports at 1.3100 and 1.3001.

Advanced technical analysis involves utilizing sophisticated tools, patterns, and methods to forecast market movements with greater precision. This section delves deeper into complex strategies and techniques used by seasoned traders to gain a competitive edge.

Advanced technical analysis involves utilizing sophisticated tools, patterns, and methods to forecast market movements with greater precision. This section delves deeper into complex strategies and techniques used by seasoned traders to gain a competitive edge.

Many more rate cuts are likely needed over the next year, rates need to come down significantly.” “I am comfortable with the Fed's 50 bps rate cut, it shows the Fed is focused on risks to employment, not just inflation.”

Many more rate cuts are likely needed over the next year, rates need to come down significantly.” “I am comfortable with the Fed's 50 bps rate cut, it shows the Fed is focused on risks to employment, not just inflation.”

USD/JPY rises above 144.00 after mixed US flash PMI The USD/JPY pair moves higher above 144.00 in Monday’s North American session after the release of the mixed preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for...

USD/JPY rises above 144.00 after mixed US flash PMI The USD/JPY pair moves higher above 144.00 in Monday’s North American session after the release of the mixed preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for...

GBP/CAD has formed a bearish candlestick pattern after briefly breaking above a channel line. This could be a sign a pullback is about to unfold, however, downside pressure has been limited so far.

GBP/CAD has formed a bearish candlestick pattern after briefly breaking above a channel line. This could be a sign a pullback is about to unfold, however, downside pressure has been limited so far.

1. Risking Too Much Per Trade Over-leveraging magnifies losses and emotional pressure. 2. Neglecting Correlation Risks Trading multiple correlated pairs increases exposure to the same market moves. 3. Failure to Adapt Using the same risk parameters in different market conditions can lead to losses.

1. Risking Too Much Per Trade Over-leveraging magnifies losses and emotional pressure. 2. Neglecting Correlation Risks Trading multiple correlated pairs increases exposure to the same market moves. 3. Failure to Adapt Using the same risk parameters in different market conditions can lead to losses.

description to participate! Close alert Dale J Pinkert Dale J Pinkert Independent Analyst Follow EUR/USD to revisit 1.1000 [Video] ANALYSIS | 09/23/2024 13:47:24 GMT In today’s TradeGATEHub Live Trading session, Coach Dale forecasts a revisit to the 1.10 level for the EURUSD and shares his analysis of the currency count. He discusses a potential breakout in the Australian Dollar and provides insights into what he identifies as the anatomy of a top in the S&P 500. Additionally, Dale updates viewers on recent movements in natural gas and grain markets, equipping traders with key information to navigate these varied sectors effectively.

description to participate! Close alert Dale J Pinkert Dale J Pinkert Independent Analyst Follow EUR/USD to revisit 1.1000 [Video] ANALYSIS | 09/23/2024 13:47:24 GMT In today’s TradeGATEHub Live Trading session, Coach Dale forecasts a revisit to the 1.10 level for the EURUSD and shares his analysis of the currency count. He discusses a potential breakout in the Australian Dollar and provides insights into what he identifies as the anatomy of a top in the S&P 500. Additionally, Dale updates viewers on recent movements in natural gas and grain markets, equipping traders with key information to navigate these varied sectors effectively.

1. Drawdown Maximum percentage decline in account equity from a peak. Aim to keep drawdowns below 10-20%. 2. Sharpe Ratio Measures return relative to risk. A higher Sharpe ratio indicates better risk-adjusted performance. 3. Profit Factor Ratio of total profit to total loss. A profit factor above 1.5 is considered good.

1. Drawdown Maximum percentage decline in account equity from a peak. Aim to keep drawdowns below 10-20%. 2. Sharpe Ratio Measures return relative to risk. A higher Sharpe ratio indicates better risk-adjusted performance. 3. Profit Factor Ratio of total profit to total loss. A profit factor above 1.5 is considered good.

1. Hedging Open positions in correlated currency pairs to reduce overall risk. Example: If you’re long EUR/USD, consider short USD/CHF to offset exposure to the USD. 2. Scaling In and Out Enter a position in smaller increments as confirmation increases (scaling in). Exit portions of your trade to secure partial profits (scaling out). 3. Risk Parity Allocate risk evenly across trades rather than by equal capital allocation.

1. Hedging Open positions in correlated currency pairs to reduce overall risk. Example: If you’re long EUR/USD, consider short USD/CHF to offset exposure to the USD. 2. Scaling In and Out Enter a position in smaller increments as confirmation increases (scaling in). Exit portions of your trade to secure partial profits (scaling out). 3. Risk Parity Allocate risk evenly across trades rather than by equal capital allocation.

1. Accepting Losses Understand that losses are part of trading. Stick to your plan. 2. Avoid Revenge Trading Don’t try to recover losses immediately by increasing position sizes. 3. Maintain Discipline Even during winning streaks, adhere to your risk management rules.

1. Accepting Losses Understand that losses are part of trading. Stick to your plan. 2. Avoid Revenge Trading Don’t try to recover losses immediately by increasing position sizes. 3. Maintain Discipline Even during winning streaks, adhere to your risk management rules.

Preliminary Eurozone PMI estimates sent the EURUSD down 0.67% over the hour, as they were much weaker than expected and increased pressure on the ECB to continue easing monetary policy.

Preliminary Eurozone PMI estimates sent the EURUSD down 0.67% over the hour, as they were much weaker than expected and increased pressure on the ECB to continue easing monetary policy.

. Reduce Position Sizes Trade smaller lot sizes during high-volatility periods. 2. Wider Stop-Losses Allow trades more room to breathe while still controlling overall risk. 3. Avoid Trading Around Major News Events Unless specifically planned, step aside during events like interest rate announcements.

. Reduce Position Sizes Trade smaller lot sizes during high-volatility periods. 2. Wider Stop-Losses Allow trades more room to breathe while still controlling overall risk. 3. Avoid Trading Around Major News Events Unless specifically planned, step aside during events like interest rate announcements.