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Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Sunday, January 31, 2021
Friday, January 29, 2021
AUD/JPY forex chart
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Channel Down identified at 28-Jan-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 80.4435 within the next 3 days. Supported by Upward sloping Moving Average |
Thursday, January 28, 2021
GBP/JPY
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Channel Up identified at 28-Jan-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 141.2835 within the next 2 days. |
EUR/GBP
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Channel Down identified at 28-Jan-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8918 within the next 2 days. |
Tuesday, January 26, 2021
COMP Gold Ounce (USD)
At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : COMP Gold Ounce (USD) | ||
Direction : Identified time : 2021-01-26 09:31 EST Breakout price : 1859.47 Forecast price : 1863.82 Forecast pips : 435 Probability : 65.45 % | ||
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EUR/GBP
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Ascending Triangle identified at 26-Jan-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8918 within the next 2 days. Supported by Upward sloping Moving Average |
CHF/JPY
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Ascending Triangle identified at 26-Jan-10:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 117.3380 within the next 2 days. Supported by RSI below 40 |
Monday, January 25, 2021
CAD/JPY
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Ascending Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 82.2070 within the next 2 days. |
AUD/JPY
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Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 80.5000 within the next 2 days. Supported by Upward sloping Moving Average |
Friday, January 22, 2021
Traders need to focus
Traders determining the strength of a zone is how price left that zone volume and the number of trades. It is important to learn charts and a couple indicators in your trading. Price works the same way. Traders need to focus on the strength at which price left the origin of the supply or demand zone. If price leaves quickly, it shows a large imbalance of supply and demand and therefore a stronger zone. Did some kind of news just effect the trade?
Scalping Strategy Course (DVD + Online)Thursday, January 21, 2021
USD/ZAR forex chart
The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : USDZAR | ||
Direction : Identified time : 2021-01-21 21:30 EST Breakout price : 14.98001 Forecast price : 15.0236 Forecast pips : 44 Probability : 66.13 % | ||
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Wednesday, January 20, 2021
EUR/JPY
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Falling Wedge identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.0905 within the next 2 days. Supported by Downward sloping Moving Average |
EUR/CHF
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Channel Down identified at 20-Jan-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0740 within the next 2 days. Supported by Downward sloping Moving Average |
Tuesday, January 19, 2021
Two key components of the different markets.
Before showing you the details of the strategy, it’s important to understand two key components of the different markets. Why do prices move in any market? Price in any market turns at price levels where demand and supply are out of balance. The consistently profitable trader is able to identify a demand and supply imbalance which means knowing where the actual buyers and sellers are in a market. By quantifying institutional demand and supply areas on a price chart, you can identify market turns and market moves in advance with a very high degree of accuracy.
EUR/GBP
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Triangle identified at 19-Jan-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 2 days. Supported by Downward sloping Moving Average |
AUD/USD
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Descending Triangle identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7659 within the next 2 days. Supported by Downward sloping Moving Average |
Monday, January 18, 2021
EUR/GBP
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Channel Down identified at 18-Jan-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 3 days. Supported by Downward sloping Moving Average |
EUR/CHF
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Channel Down identified at 18-Jan-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0815 within the next 2 days. |
Sunday, January 17, 2021
Elliott Wave Theory
The big advantage to technical analysis. Technical analysts were able to arrive at actual price targets for the crash, in real time, while it unfolded. Fundamental analysts knew it was "gonna be bad!" but that type of analysis doesn't help time the market with a large degree of accuracy. This is why the majority of fundamental analysts don't even try to time the market, except in broad strokes; their system is ill-suited to it. Elliott Wave Theory. One way to look at it is that the Elliott Wave is a unique way to understand why the market does what it does, and a detailed tool that allows us to project future price moves by extrapolating the fractals and patterns found on the charts.
How To Trade Forex Using Support and Resistance LevelsThursday, January 14, 2021
CAD/JPY
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Channel Up identified at 13-Jan-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 81.9410 within the next 3 days. Supported by Upward sloping Moving Average |
Wednesday, January 13, 2021
Getting to demand zones
Getting to demand zones are also important to make good trades. If you arrive to the demand with large red candles showing panic and fear, you are going to have a bigger move up on the charts. The large red candles signal that traders who wanted to sell has now exited the stock or Forex trade. When buyers step in they must raise their bids quickly to attract a seller who may still be around. If the arrival to the demand zone is quiet, there are still many traders holding the stock who are looking to sell at a smaller loss when the bounce takes place. This added supply will stop the bounce of price from the demand level or support.
The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.EUR/USD
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Falling Wedge identified at 13-Jan-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2132 within the next 3 days. Supported by Downward sloping Moving Average |
EUR/CHF
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Triangle identified at 13-Jan-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0868 within the next 3 days. Supported by RSI below 40 |
Tuesday, January 12, 2021
CHF/JPY forex chart
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Rising Wedge identified at 11-Jan-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 116.4635 within the next 2 days. Supported by Downward sloping Moving Average |
GBP/JPY
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Ascending Triangle has broken through the resistance line at 12-Jan-10:00. Possible bullish price movement forecast for the next 2 days towards 142.3095. Supported by Upward sloping Moving Average |
Monday, January 11, 2021
EUR/CAD
At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : EURCAD | ||
Direction : Identified time : 2021-01-11 09:04 EST Breakout price : 1.55861 Forecast price : 1.56148 Forecast pips : 29 Probability : 66.45 % | ||
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EUR/CHF
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Inverse Head and Shoulders identified at 11-Jan-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0868 within the next 3 days. |