Professional
Potential Formulation (PA) - Weekly Interval - ZNGAHello Successful Traders,
The stock (ZNGA) overall, presents a downward sloping curve. As investor sentiment has diminished within recent weeks (and months). Within today's trading cycle, however, acknowledges the uproar in investor confidence within the companies ability to generate profit (Revenue > Expenses) that will attract numerous individual's wallets. (Await Confirmation Prior to Entering Market PA).
Resistance Level 1 - (5.25 - 6.50) 1.25 cent interval
Key Price Zone (KPZ) - (4.00 - 5.25) 1.25 cent interval
Support Level 1 - (1.25 - 2.50) 1.25 cent interval
Furthermore, viewing the objective lens of the monthly (interval) chart presents that a potential breakout within consolidation (if PA is held above Resistance Level 1) is imminent.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Cognizant and Stick To Your Trading Plan)***
-LionGate
USDCHF, 1:5 RR, Swing Short Potential In this analysis, we can see that the #USDCHF is rejecting the upper trend line. After consolidating for a few days around this resistance zone (1.0200-1.0230) I am expecting the 3rd rejection off this region with a daily closure under 1.0200 where then we should see a bearish wave downwards in the coming days, weeks. The DXY has also posted a very strong push above the 98.00 level, I am expecting a pullback before any continued movement upwards with USD/xxx pairs.
Short USDCHF
Type: Swing Trade
Sell: 1.0210
TP1: 1.0160
TP2: 1.0120
TP3: 1.0070
TP4: 1.0000
Stop Loss: 1.02400
RR: 1:5
(40 pip risk, 200 pip reward)
Please keep note that Forex is a very volatile market and literally anything can happen at any moment, the trade signals provided here are suggestions only*
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Possible upside to GBP/USDSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
GBP finding support at current levels.
B – Beliefs
Market will move north from current levels @1.2890 and move towards the first Target 1 level @ 1.2991
FX:GBPUSD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 1.2991
Risk/Reward @ 1.8
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NFLX: Pre Earnings Run The speculative gains of what we call a “pre earnings” run ended ahead of the market open on Friday. Netflix is reporting an increase in the number of users but had a decline in revenues, which is a worrisome pattern that is occurring in many big-name companies thus far—many banks and the early tech stock reports. NFLX was being sold on the professional side ahead of Friday's open and was down about 3% in the premarket. How and IF the HFTs trigger to the downside on the earnings news this week will tell us what to expect for other stocks with similar earnings to revenues numbers for the 4th quarter of 2018.
GBP/AUD Short Position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top . Currency pair will move south to the @1.759 level.
B – Beliefs
Market will be rejected at @1.774 level and move towards the first Target 1 level @ 1.759 level.
FX:GBPAUD
Trade Management
Entered @ 1.774
Stop Loss @ 1.784
Target 1 @1.759
Risk/Reward @ 2:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Gold bull run next 24 hours!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Commodity is creating a higher support line. Gold will move towards the 1236 level over the next 24 hours.
B – Beliefs
Gold will make a strong move within the next 24 hours and head in the direction of the 1236 level.
OANDA:XAUUSD 0.11%
Follow your Trading plan, Remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
6 Elements of a Successful Trading Plan
1. Test
The test is considered as the start-up element of the successful trading plan. It refers to the
successfulness or failure of any currency involved. In most organisations, time is the primary
driver for assessing execution. The assessment period is constructed with respect to the quantity
of exchanges put and not by the measure of time passed. You should distinguish the correct
number of exchanges for the assessment, however, this number should be sufficiently high that
an individual has a nice example set, yet sufficiently low where it keeps you from going on a
damaging exchanging.
More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
Follow your trading plan, remain disciplined and keep learning :)
Money Management 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Money Management 101
Are you receiving a win-rate of more then 60% and still loosing money?? Money Management may be an area that you need to focus on. It is an essential element in becoming a professional trader. Listed below are 4 Simple Steps To Evaluate Your Financial Health;
1. Position Sizing
A portfolio of $... and I decide to only risk 2% on a trading strategy
2. Capital - How much?
A portfolio of $....
3. Loss - How much?
I must be right more then 50% of the time, but win more money on winning trades versus losing trades. I will use stops and limits to enforce a risk/reward ratio of 1:2 or higher
4. Profits - What?
A profit/loss ratio refers to the size of the average profit compares to the size of the average loss per trade. For example, if your expected profit is $1500 and your expected loss is $500, the P/L ratio is 3:1
Please let me know if you have any questions :) Happy Trading
"The simpler it is, the better i like it" Peter Lynch
The best Van Tharp's Quote!! Read all his books!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Van Tharp “When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak. However, the average person does exactly the opposite: he or she bets more after a series of losses and less after a series of wins.”
Over the 18 years of trading the Futures/ Stocks and Currencies market, Van Tharp's books have help me immensely.
I suggest you read his books. Some of them are listed below;
Trade your way to financial freedom
Super Trader
Trading Beyond the Matrix
Safe Strategies for financial markets
Financial freedom through electronic day trading
I have a large collection of trading books. If anyone needs suggestions on great trading books i would be happy to send you a list :)
AUD/JPY Sell opportunity Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top
B – Beliefs
Market will be rejected at 82.900 level and move towards the Target 1 level @ 81.500 level or even further towards the 78.800
Trade Management
Entered @ 82.93
Stop Loss @ 83.3
Target 1 81.500
Target 2 78.800
Stop loss changes
Trailing Loss
/Users/benjaminwright/Desktop/Screen Shot 2018-11-08 at 18.21.50.png
Multiple Time Frame Breakdown - XAUUSD
Weekly (pink): Looking at the bigger picture on XAUUSD, I am bullish for the time being. We can see the initial impulse on the left of the chart and we are currently forming the corrective structure. I have plotted estimated points at which I believe the corrective structure will play out. According to my analysis, we are in wave 2 of the correction and I believe that there is still some upside to come before the completion of wave 2.
Daily (blue): I expect the daily time frame to play out as indicated above. According to my analysis, wave 2 of the daily correction is complete and we are starting wave 3 to the upside. Wave 3 will complete at the top of the larger weekly structure marked in pink. There is a strong possibility of a reversal from that level for wave 3 on the weekly structure. I am looking for an entry to trade wave 3 on the daily (blue) structure.
H4 (green): The corrective structure, indicated in green on the H4 chart above, broke to the upside and also broke an important trend line, marked in orange. This should indicate the start of wave 3 on the daily (blue) structure. I am waiting for a confirmation structure to form in order to get an entry point for the long.
H1 (red): I am watching the formation of the structure indicated in red on the H1 chart above. I will use this structure for an entry for wave 3 on the daily (blue) structure.
For more analysis like this and for access to my personal entries and exits, install our mobile app and join our VIP membership for ZAR99 (±USD8) per month.
App link: www.greenboxmarkets.com
Let me know if you need any assistance
Happy trading
Linton
WHALE LEVEL TECHNICAL ANALYSIS 99% of the ideas posted here turn out wrong only 1% of them are right this is the 1% so watch very carefully I actually created this exact chart quite literally all the way back one month ago and so far it has been following my path near perfectly bitcoin will not go lower then 6,000 before seeing near 10k again now is a beautiful time to be buying bitcoin today and tomorrow not financial advice but im telling you right now youll find out real quick whats what if you think im full of crap here is the link to the youtube video I posted showing this exact path wayyy ahead of time!!!!! www.youtube.com if your playing with millions and make millions off of this chart im giving you please just donate like 50 grand or something please I would really appreciate it!
Trading Psychology Introduction to Trader Psychology
There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a profit. However, this is not the case and in fact the opposite is true as most traders fail, even after years of studying price action. With this said, it is obvious learning how to read a price chart alone is not what leads to consistent profits. So what is it that seperates the very few succesful traders from the so many failures? Is it their strategy, their money managament skills, IQ, were they born with a different skill set than most, do they work harder than most, or are they just plain lucky? All of these sound plausible, but are they really the driving factor behind consistent profits? The short answer is no, none of the above. Perhaps we have been looking for the answer in the wrong place all along. In fact, most traders never even consider the possibility that it is their attitude or mental habits which prevent their success. What truely seperates the winners from the losers has nothing to do with external factors, but rather what goes on internally while observing and engaging the market, in other words; a traders mentality.
"If the next bar is a bull follow through bar, the bulls have a 60% chance of making a profit. If the next bar is a bear bar that means....." Absolutely nothing! Unless you can structure a trade plan, and abide your plan as the market unfolds, without questioning yourself or your plan, and execute it flawlessly. Most beginning traders believe if they study harder and learn more setups, they will eventually become profitable. This is the fallacy of price action analysis. In fact, most economists and price analysts do not make good traders. Why? Because they form rigid rules and ideas as to what prices should or will do, and in turn fail to recognize and accept the "now opporutinty" the market is offering to traders who are open to all possibilities, including a lower probability event. Even more debilitating is the false belief that they can pick out winning trades, and avoid the losers, which leads to cherry picking through a traders edge.
If the market spends most of its time with a probability between 40-60%, why is it so hard to generate a consistent profit? Understanding prices and their tendencies is only half the battle of becoming a Professional Trader. The other half and harder to develop, is the traders mindset. What makes a good trader is not only his knack for reading prices. It is the ability to flow with the market as it is unfolding, and the art of doing the right thing at the right time; without questioning himself. If the market is only offering X amount of profit, he takes it. If the market is unfolding in a way that he did not expect, he exits. He is willing to take a loss, and more importantly does not care what happens to "himself" in the market. He does not take it personally, and carries on throughout the day executing trade after trade.
Continued...