Like, comment and subscribe to boost your trading! See other ideas below too! Hey traders, USDCAD reached a key daily level last week. The price was consolidating on that for some time. The pair formed a horizontal trading range on 4H time frame. This morning, its resistance was broken. I believe it will initiate a bullish movement.

Goals: 1. Hi, guys. Another update on what's happening over at my headquarters : Have a nice weekend. Take care! My Dear Friends , I analysed this chart, and concluded the following: BIAS: Bearish ENTRY: Hello, Friends! GBPUSD current trading paterns are clearly pointing In the direction of a short trade That is why I am bearish on the GBPUSD pair And I think it will go down! Like and subscribe and comment my ideas if you enjoy them!

A recent breakout signals That the bears are still strong And I am growing in confidence That a bearish selloff is coming! Based on technical factors there is a Short position in : 📊 XAUUSD GOLD 🔴 Short Now Hey Folks, Short Opportunity on EURUSD.. For which many thanks. The last interest rate hike, which took place on 2 November, Quick update for CADJPY pair.

Click the link to findout more. Go to my previous post for connecting a brokerage account to Tradingview here. Following these steps that are specific to an FXCM account. These will be issued to you by FXCM. If you have followed the steps you should now have access to all the tradingview Pro features within the platform. Free Tradingview trials are only offered to new customers. Tradingview has a strict policy around registering multiple accounts. If you have an existing Tradingview account consider deleting your old account first.

Once you signed out of and deleted your existing account. Click one of the red button links below to be directed to the tradingview subscription selection page to choose your new account option.

In this post I explain everything you need to know about Tradingview trials. Including a step by step guide to about getting setting up. Also be sure use the links below to start your new trial.

Below is a brief cost comparison including feature summary of the various Tradingview plan options from the FREE plan through to Premium. On the right-hand side, fears of a deeper economic contraction in China, Europe, and the UK, certainly on a relative basis, again saw the USD outperform.

We can also see that while inflation rose aggressively in most DM countries, we also seen dovish pivots from the BoE, ECB, and RBA, and yet the Fed have kept a consistent tone — well, at least Jay Powell has.

A USD turn — but can it last? Crude and copper have shown us the way, but traders are expressing a view of a global growth slowdown, which of course favours USD strength.

The news flows may change as we head into what will be a big December by way of event risk— bad US data will impact the right-hand side of the smile and weaken the USD, especially if the US labour market shows real signs of cooling and core CPI undershoots again.

The smile could be a good guide to think about the USD direction. by Pepperstone. I anticipate the asset's fall once the price settles in the channel, as the RSI and BB indicate overbought conditions 1H and 30m TFs by knoxtring.

What is really up with the Funded Programs? If you choose to embark on any programs, please make sure you do your own due diligence. The trader uses that firm's money to trade and in exchange receives a small wage and a large percentage of the profits.

In practice, proprietary trading firms provide the capital, proprietary technology, training, coaching, and mentoring for you to become an elite trader. This makes the idea of being funded to trade become really attractive, limiting the downside while almost maximizing the potential. However, there has also been a lot of negativity about these funded programs; - the evaluation and actual trading accounts are demo accounts - the company makes more money from traders failing than from profitable traders - some traders claim to have never received their payouts Are funded programs scams?

Again, I have not evaluated ALL funded programs to say this, but probably not. Do your own due diligence! Companies running funded programs are likely just deploying a good business model, addressing a pain that most retail traders have funding their account and filling that gap.

Should you jump into a funded program? There is a lot more information more than discussed above that needs to be considered before you jump in. A brief checklist: 1 Do you have a profitable trading strategy to deploy? avoid using funded programs as a testing ground, it can get costly!

For example, a martingale strategy is not likely to work 4 How likely are you to bend your trading rules? rules set by the programs are set in stone, a breach even by the slightest and you would have failed 5 Is it the right time to start?

How do you perform under significant pressure? What are your views of the funded programs? Share it with me in the comments I have never thought much about the funded programs. But recently have been considering giving it a shot and live-streaming the trading process daily. Would you join me on the stream? Stay tuned, it might just happen. Today, I am going to share with you 10 important trading lessons which market taught me after years of experience and I wish these tips to help you in your future trades : 1.

We should Only do trading whenever we can obey all the following items or we had better leave trading forever. Never enter into a stressful trade. This means you have to set you stop loss and calculate you target before executing a trade and possible loss should be small enough that you can tolerate.

If you feel to need to sit behind your laptop or PC to monitor and check your trade after opening a position, you are entering into a wrong one!. Do not open it. Doing an analysis in relax and comfortable condition is necessary before any trade.

Opening a position without " an already done analysis " is a great mistake! Running an immediate analysis when market has strong momentum and trading based on that is very risky. Try to avoid such trades. Never fade the gain of a good trade with a loss of a bad one. Good here means trading based on pre-defined strategy and bad means throwing it away.

Using leverages can be dangerous as much as it can be fascinating. Only use leverages when all elements of your trading strategy are present. Stick to your Stop loss and Take profit which you set and calculated outside of any market excitation.

Being optimistic and over pessimistic is forbidden. Trading is all about being realistic. please share your own experiences as comments. I am eager to learn from you my friends. Good luck. by SaeedSajedi. Celebrating 50 Years of Financial Futures This is a Thanksgiving Special Report. Swiss Franc CME:6S1! In May , International Monetary Market IMM , a division of the Chicago Mercantile Exchange CME , launched futures contracts on seven currency pairs. What has made a Midwestern Exchange, known mainly for its Pork Bellies contract, a frontrunner in financial innovation?

Bretton Woods System and its Collapse At the end of World War II, the United States and its allies created the Bretton Woods System. Essentially, it was a global monetary system governed by fixed currency exchange rates. Other currencies were pegged to the U. In , one dollar was exchanged for 0. The U. was responsible for maintaining the gold parity.

As global inflation rose sharply in the s, many countries could not maintain the official peg. They responded by redeeming dollars for gold at the US Treasury window. With US gold reserve depleting rapidly and a gold run looming, in August , President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. This marked the breakdown of the Bretton Woods. Central banks around the world were no longer obligated to peg their exchange rates to the US dollar.

Leo Melamed and Milton Friedman With fixed rates, there was no exchange rate risk in international trade. However, flowing rate exposes importers and exporters to significant uncertainty to the amount of dollar or foreign currency they will receive or are obliged to pay for. Since its founding in , CME has been the place where producers, processors, merchants, and commercial users come together to hedge price risks for a wide range of commodities.

Leo Melamed, then Chairman of the CME, was convinced that the futures market is the solution to tackle the rise in exchange rate volatility. Leo set up an International Monetary Market division within the CME and prepared for new futures contracts derived from foreign exchange rates.

Initially, this breakthrough idea found no friends on Wall Street. Leo met with Milton Friedman, a well-respected economics professor at the University of Chicago. This changed everything. He was also the Dean of Graduate School at the University of Chicago, and a good friend with Milton Friedman. Foreign Exchange Futures On May 16, , IMM simultaneously launched seven futures contracts based on the US dollar exchange rates to British Pound CME:6B1!

Five of those original FX contracts are still actively trading at the CME. Deutsch Mark and the Lira have been delisted since Germany and Italy joined the Euro currency. FX contracts saw exponential growth in trading volume in the next fifty years.

In the first 9 months of , average daily volume for all FX futures and options reached , lots, according to the CME Group. On November 15th, Euro FX alone traded , lots and had an open interest of , contracts.

My writings on TradingView include a number of trade ideas on FX futures contracts. Please take a look if you haven't yet. The next few years saw new breeds of futures contracts, including interest rate futures between and and equity index futures in During the holiday season, I would start a series on the leaders and innovators at CME, CBOT and KCBT.

Happy Trading. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.

CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www. by JimHuangChicago. HTF Data for better perspective. Hi TV community. When adding indicators to charts, it is possible to set indicator's time-frame or resolution to something other than the chart's time frame.

This feature helps in viewing PA from a higher or lower perspective and aids in identifying trades and direction. If you have not explored this feature, hope this idea helps you in using this feature. All the best.

by PriceCatch. I post short mid and long-term trade setups too. Here are some Educational Chart Patterns that you should know in In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.

The twice-touched low is considered a support level. The double bottom pattern always follows a major or minor downtrend in particular security and signals the reversal and the beginning of a potential uptrend. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.

A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above the resistance peaks. The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point. A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.

The formation of the triple bottom is seen as an opportunity to enter a bullish position. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. When the price breaks the upper trend line the security is expected to reverse and trend higher. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal.

While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakout of the lower trend line.

Traders can make bearish trades after the breakout by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit from the potential that prices will fall.

Flag patterns are accompanied by representative volume indicators as well as price action. Flag patterns signify trend reversals or breakouts after a period of consolidation. It's important to look at the volume in a pennant—the period of consolidation should have a lower volume and the breakouts should occur on a higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.

The cup and handle are considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend.

Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter the market. This indicates that there is more selling pressure moving the prices down rather than up and indicates that the momentum will continue in a downtrend. Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter in the short position.

The upper trend line or the resistance connects a series of highs. The lower trend line or the support connects a series of lows. Like any chart pattern, there are certain market conditions that tend to follow the formation of the megaphone pattern. A bearish diamond formation or diamond top is a technical analysis pattern that can be used to detect a reversal following an uptrend; the however bullish diamond pattern or diamond bottom is used to detect a reversal following a downtrend.

This pattern occurs when a strong up-trending price shows a flattening sideways movement over a prolonged period of time that forms a diamond shape. Detecting reversals is one of the most profitable trading opportunities for technical traders. A successful trader combines these techniques with other technical indicators and other forms of technical analysis to maximize their odds of success. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation.

Examples include the moving average, relative strength index and MACD. There are many techniques in technical analysis. Adherents of different techniques for example Candlestick analysis, the oldest form of technical analysis developed by a Japanese grain trader; Harmonics; Dow theory; and Elliott wave theory may ignore the other approaches, yet many traders combine elements from more than one technique.

Some technical analysts use subjective judgment to decide which pattern s a particular instrument reflects at a given time and what the interpretation of that pattern should be.

Others employ a strictly mechanical or systematic approach to pattern identification and interpretation. Contrasting with technical analysis is fundamental analysis, the study of economic factors that influence the way investors price financial markets. Technical analysis holds that prices already reflect all the underlying fundamental factors.

Uncovering the trends is what technical indicators are designed to do, although neither technical nor fundamental indicators are perfect. Some traders use technical or fundamental analysis exclusively, while others use both types to make trading decisions.

Trade with care. If you like our content, please feel free to support our page with a like, comment Editors' picks. Pay yourself first As soon as you get paid, put money into savings. Automating this is even better. Keep a 6 months emergency fund If you have multiple streams of income, you can go as low as 3 months.

If starting out on your own, you could need as much as 12 months. Put a large percentage of your raised into your savings This helps avoid lifestyle inflation and moves up your retirement date. Avoid high-interest debt If you have it, use the snowball or avalanche method to pay it off 7.

US only: Always take an employer K match Many employers match a percentage of your paycheck. Turning this down is the same thing as turning down ra raise. Have at least 5 times your gross salary in term life insurance Before spending money Wait 24 hours and ask: do I still want it?

If you do, go and buy it. This will save you from a lot of impulse purchases Value time over money and experience over things I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow : Thank you for reading Dave.

by Daveatt. Bearish Divergence Example On GBPJPY In this bearish divergence example on GBPJPY you can see the price rising on the 15 minute chart while the MACD slow and fast lines are decreasing. After that you can see the momentum on the MACD formed a bearish cross as the fast line fell below the slow line, after that there was a strong 70 pip decline. by CodeInvest. My Interview with US Successful Trader Peter L. Brandt The Internet has truly made the world a smaller and a more accessible place.

In , I stumbled across world-renown trader, author and owner Peter L. Brandt, on Twitter and his blog. I sent him a request for him to join one of the most elite South African trader groups on Skype. We had some fantastic chats over the next couple of days. There are words of wisdom that are far too essential to let them slip by. Brandt shared with me. I hope you enjoy the interview and find it useful for your trading career.

Peter: I absolutely positively do NOT believe I can predict the markets. I absolutely positively do NOT believe charts are predictive tools any more than a MACD, COT, Moving Averages or anything else. Timon: I agree with no one being able to predict the market movements, however, I believe in probability predictions. If there is a breakout to the upside, there is a higher probability for the market to continue moving in the direction of the breakout.

TradingView is one of my favorite charting packages. The basic software is available for FREE. However for users wanting to take advantage of the advanced charting features. A monthly paid subscription is required. There are several methods for accessing Tradingview Pro or Premium for FREE. These methods include opening a brokerage account with FXCM or opening a new Tradingview account and trailing the platform for 30 days free.

If you trade forex, FXCM brokerage have in the past sometimes provided access to Tradingview Pro for 1 year with signup to a new account. Trialing is a great way to temporarily get free access to the full features features of the platform before signing up to a subscription.

If you are interested in getting access to Tradingview Premium then opening a new account and Trailing the platform is the only way to get access to Tradingview Premium for FREE. if you are interested in trading forex then this is a fantastic way to get access to tradingview Pro for free for 1 year!

Note; This option offers only a Tradingview Pro account option only. If you want access to Tradingview Premium. Your best option is a Tradingview trial. See the next section below for more details.

The availability of this offer depends on your region and simply whether FXCM is running a promotion with Tradingview or not. Step 1: Go to FXCM — TradingViewPro offer web page. Click the link to findout more. Go to my previous post for connecting a brokerage account to Tradingview here. Following these steps that are specific to an FXCM account. These will be issued to you by FXCM.

If you have followed the steps you should now have access to all the tradingview Pro features within the platform. Free Tradingview trials are only offered to new customers. Tradingview has a strict policy around registering multiple accounts. If you have an existing Tradingview account consider deleting your old account first.

Once you signed out of and deleted your existing account. Click one of the red button links below to be directed to the tradingview subscription selection page to choose your new account option. In this post I explain everything you need to know about Tradingview trials. Including a step by step guide to about getting setting up. Also be sure use the links below to start your new trial. Below is a brief cost comparison including feature summary of the various Tradingview plan options from the FREE plan through to Premium.

If your looking for a detailed comparison of the main benefits of have an upgraded Tradingview subscription. Enter your email address below to subscribe to our newsletter. No results. Blog Trading Platforms Equipment Technical Analysis Markets Software Education Brokers Books Resources Equipment Desktop Computers Laptop Computers Monitors Monitor Stands Portable Monitors Keyboards Mouse Docking Stations Desk Chairs Standing Desks Uninterruptible Power Supply Graphics Cards Books Trading Platforms Videos Funded Trading Accounts About Us Contact Us.

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Who Fried Sam Bankman? However, there has also been a lot of negativity about these funded programs; - the evaluation and actual trading accounts are demo accounts - the company makes more money from traders failing than from profitable traders - some traders claim to have never received their payouts Are funded programs scams? Good time of the day, friends! Please consider beginning to take as many coins off exchange NOW A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.

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