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Don't Be a Trigger-Happy Trader: Patience is the Ultimate WeaponThe allure of the markets is undeniable. Charts dance across the screen, promising riches for those who can decipher their secrets. But amidst the flashing indicators and exhilarating wins, a forgotten weapon often lies dormant: **patience**. Imagine yourself as a skilled sniper in the financial jungle. Your prey? Lucrative trades. But unlike the movies, a hail of bullets (read: impulsive trades) rarely leads to victory. It's the patient stalk, the careful aim, the shot taken only when the target is in perfect sight, that brings down the prize. **The Peril of the Noisy Market:** Sometimes, the market is like a crowded carnival. Conflicting signals, false breakouts, and choppy price action create a cacophony – a confusing noise that makes discerning a clear direction nearly impossible. This is no place for a trigger-happy trader. Jumping in and out based on fleeting signals is a recipe for disaster. **The Power of Selective Strikes:** A skilled trader understands the importance of waiting for **high-probability setups**. These are situations where the technical indicators align, fundamental factors support a move, and the risk-reward ratio is attractive. These clear signals are your sniper's scope, ensuring your shot hits the mark. **The Virtue of Empty Holsters:** There will be days, even weeks, where the market offers no clear setups. This isn't a personal failing! It's the market's way of saying, "Hold your fire, soldier." Accepting these quiet periods and **resisting the urge to trade** is a sign of strength, not weakness. It allows you to conserve your capital and mental energy for when the truly lucrative opportunities arise. **Trading is a Marathon, Not a Sprint:** Building long-term trading success requires discipline. It's about waiting for the right opportunities, even if it means sitting on the sidelines for a while. Remember, **patience is not passivity**. It's actively managing your emotions, protecting your capital, and waiting for the perfect moment to strike. **Taking a Break is a Sign of Strength:** If the market continues to offer no clear signals, and the lack of action is affecting your focus or creating frustration, consider taking a break. Step away from the charts, clear your head, and come back refreshed. A well-rested mind is a sharp mind, better equipped to identify those high-probability setups when they finally appear. **Remember:** The market will always be there. Don't fall victim to the need for constant action. By embracing patience, you become a more disciplined, strategic trader, and ultimately, a winner in the financial jungle. So, put down that trigger finger, sharpen your focus, and wait for the perfect shot. Your financial future will thank you for it.
OANDA:XAUUSD
by OMGiTzREALHASSAN
Gold will regress or move sideways during this timeGold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day EMA at $2,150. On the positive side, I think we're going towards $2,500 but sooner or later you have to get out because people are going to take profits and of course you need to attract more buyers into the market. Speaking of buyers, it's probably worth noting that the world's Chinese banks are net buyers of gold in general and that's a bit of a miss in the market, but they also have to be aware that the storylines have Is it beneficial for gold? Now and most certainly there are geopolitical worries. So with all that said, I'm just looking for opportunities to buy gold cheaper when prices drop. I have no interest in selling in this market.
OANDA:XAUUSD
by MrTrongVo
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Yesterday we hit the 2364 target completing this chart idea. This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips. If this level holds we are likely see another attempt at the levels above for a test should 2324 now hold, or a break below 2324 will open the retracement range. As stated yesterday failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 - DONE BEARISH TARGETS 2324 - DONE 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 2240 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
USDJPY: USD/JPY returns to 152 regardless of intervention threat The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US hobby costs, that have been the principle weight at the Japanese foreign money for almost years. The yen additionally obtained little assist from the Bank of Japan's first hobby fee hike in 17 years, because the valuable financial institution presented dovish alerts on destiny coverage decisions. . Dollar steadies on CPI information, recognition on Fed assembly minutes The greenback index and greenback index futures had been little modified in Asian buying and selling after posting a few in a single day losses. But buyers are nevertheless in large part biased toward the dollar given the numerous alerts on US hobby costs this week. Consumer Price Index inflation information for March is due out on Wednesday and is extensively anticipated to expose inflation final properly above the Fed's 2% annual target, leaving the valuable financial institution with little Motivation to begin reducing hobby costs soon. Minutes from the Fed's March assembly can also be launched on Wednesday and are available amid developing doubts approximately whether or not the valuable financial institution will begin reducing hobby costs in June. A string of Fed officers warned that difficult inflation could maintain the Fed from reducing hobby costs early this year.
Long
by Chart_MasterPro
2
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!! After yesterdays rejection into 2324, where price found support, as suggested for a retest of the levels above. We got the ema5 lock above 2338 Goldlturn weighted level opening and confirming 2353 and 2364. - Both these targets were hit perfectly today!! After completing 2364 to perfection, we are now seeing price reject here into 2338 to change resistance into support for the bounce. We may see another attempt at the levels above for a test should 2338 now hold, as support or failure to re-attempt will open the levels below for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH. A break below these two support levels will open the retracement range for the bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 - DONE BEARISH TARGETS 2324 - DONE 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 2240 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
NEO FOR FUNDING TRADERS For all funding traders who deal with this business, mostly the broker gives you some of the cryptocurrencies to trade. Neo is one of them. I see some liquidity between 14-15 and at the same time a vector candlestick that appears and it fills up until 12.18. Wait for the market makers to do what they have to do and come back at low prices, maybe a little higher, maybe a little lower. Another scenario that can happen is a breakthrough from a double bottom that has been in place for more than a year. Targets can be POC range 08 December 2021 - 01 May 2022, VAH and at the same time the maximum target of pattern 29.37.
Long
by learnfromfailure
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our chart idea playing out perfectly. Once again you can also see how well our algo generated levels are being respected in a range where no one has any existing levels to go by but our averaged levels are being respected like historical levels. We got our Bullish target at 2338 hit and with momentum also 2353. However, as you can see ema5 failed to cross above 2338 weighted level, as highlighted yesterday confirming the rejection for price to drop into 2324 for support for the bounce. We may see another attempt at 2338 for a test or failure to re-attempt will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 BEARISH TARGETS 2324 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 2240 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
11
DOT ANOTHER GIANT AWOKE Formed Wyckoff accumulation. With a breakout, there is not much resistance to the 18.3 price. At that price, the largest volume took place on the dates: January 26 to April 30. I didn't like Dot because they didn't show much power last year, but they are a big giant that starts web3. Those who entered it earlier at this price may reap some profit. I expect medium caps to start, that's why I'm also long with ADA and Neo. Write in the comments which alts you would like to see on my profile and if they seem interesting to me I will post them
Long
by learnfromfailure
BITCOIN My opinion on the current situationI have marked the zone between which I change my mind for the future. Until the price accepted the daily closing above 69k, I was looking for a short setup, now that the price has accepted, I already have an open long position with already taken profit and it is almost at break-even with the rest. As long as this zone shows support ,at the same time here I see the same Wyckoff view . I am of the opinion that like bitcoin, BTC.D has a similar chart where the decisive moment comes. I will show everything below. We have to understand that the ATH price was, let's say, 69k. If we manage to close one day or even a week below. This means that we are entering one of the corrections. At the same time, any long correction was good after the shake out. Because the day simply closed above and why not take the chance in your hands for a short-term trade. Studying psychology, I realized that we look at trade from different angles. Sometimes, even after half an hour, I think about why I entered at all, and I can't even remember the reason... That's why we look at it from two angles, because it can be either one or the other direction. We make analyzes in order to give ourselves a higher probability of success because, personally, I don't see trade as a gamble and if we fail, we will admit that we were wrong. You can't progress from success :) If we go by the logic that this is a wickoff and that we have determined the AR zone (automatic rally) and also that we are above the ATH, we get the certainty that the zone up to 68k can be caught as a long (wick), but only if the day before that it did not close below 69k!! ! I hope that is clear. If the day -week closes below 69k, then the distribution has happened, the prices go much lower, be aware of that On the other side, there is BTC.D which shows weakness, but as long as this zone holds, the Altcoin season will not start. Of course, don't forget that btc.d, as it shows when altcoin season, also shows when BTC.D is at its peak. Leave a like if you like this free content
by learnfromfailure
4
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between 2324 and 2338 on market close on Friday with 2338 open as a gap. This is a level of resistance and will need ema5 to cross and lock above 2338 to open the range above. Failure to break the resistance structure will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2338 EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 2364 BEARISH TARGETS 2324 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE SWING RANGE 2206 EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 2240 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price challenge and break 2326 resistance with a body close gap opening to 2348. However, we have a detachment below at 2311 and will need ema5 to lock above 2326 to confirm and solidify the targets above. We have a retracement range between 2293 - 2274 and a break and lock below 2274 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2348 EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS 2348 2367 BEARISH TARGETS 2311 2293 2274 EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE SWING RANGE 2242 - 2218 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Our long term swing range gave the perfect swing into hitting all our bullish targets with our last target hit at 2313. We are now seeing price break out of the channel with a candle body close gap open to 2360. However, we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range. We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GOLD MN CHART LONG RANGE ROUTEMAP & TRADING PLAN Hey Everyone, After completing all our long range targets, we are now seeing price break out of the ascending channel. However we will need to see ema5 cross outside the channel to establish another bullish run above. We also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term. We still remain Bullish and will only safely take buys from support levels. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
9
GOLD TRADING PLAN UPDATEHey Everyone, Quick update from yesterday. We got some retracement during Tokyo session, as expected and then another round off bullish action into our target. We finish off the week with all targets complete across all our chart ideas - BOOOOM!!!! We will now come back Sunday with our updated Goldturn levels for the new range blue print, targets and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend!!! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
17
XAUUSD: Dollar recovers beforehand of nonfarm payrolls informati The greenback index and greenback index futures rose 0.2% in Asian buying and selling on Friday, rebounding from sharp declines in advance withinside the week on anticipation of the pound Non-farm wages } indicates buyers returning to the greenback. Inflation and the power of the hard work marketplace are the Fed`s largest concerns in slicing hobby costs this year. However, inflation has emerge as intense in current months, whilst payroll information has additionally continually passed marketplace expectations. In addition to payroll information, US client fee index inflation information may also be launched subsequent week and is probably to offer similarly indicators on hobby costs.
OANDA:XAUUSDShort
by Chart_MasterPro
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees. While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%. Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees. Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
Short
by Chart_MasterPro
4
GBPJPY Analysis (5th April 2024) GBPJPY Analysis On the 4 hour timeframe, price has created a Bullish Change of Character after testing the daily bullish Golden Fib level. This tells us that price action is actually bullish. However, overnight price action created a huge pullback which coincides with a 4 hour bullish breaker block. On the 1 hour timeframe, We can identify a 1 hour orderblock that created the bullish move we had earlier on the week and it has yet to be tested. Ideally what i want to see price do is come and test the 1 hour Bullish orderblock before creating a 15 minute change of character for me to look for potential buys on this pair, targets we will be aiming at will be the relative equal highs at 192.227.
Long
by CallistoFX