🧭ORDER TYPES IN TRADING🧭
⚙️STOP ORDER
This one is better to be explained with the examples:
These orders can be used for trading breakouts. If you thought the EUR/USD would rally further after a move above the 1.1500 level, you would place a buy stop for entry at 1.1501. As the market printed 1.1501, your buy stop would become a market order and be filled at the next best price available.
If you thought that the EUR/USD would continue moving down if it traded down through the 1.1200 level, you would place your sell stop for entry at the 1.1199 level. As the market printed 1.1199, your sell stop would become a market order and be filled at the next best price available.
⚙️MARKET ORDER
The market order is probably the most basic and often the first order type traders come across. Market orders are traded at market: if you want to get into the forex market immediately, you can trade a market order and be entered at the prevailing price.
⚙️LIMIT ORDER
This one is better to be explained with the examples:
If the EUR/USD is trading at 1.1294 and you thought it would trade down to 1.1200 before rallying, you would place your limit order to buy at 1.1200.
If the EUR/USD is trading at the 1.12939 level and you thought it would rally up to 1.1300 before selling off, you would place your limit order to sell 1.1300. When using a limit order, you will only be filled at the price you designated or better.
It’s important to remember that you should familiarize yourself with the platform you are working with before undertaking any form of trading activity. This can help minimize any impractical errors when executing or managing a trade.
Thanks for reading bro, you are the best☺️
Like, comment and subscribe to boost your trading!
Dear followers, let me know, what topic interests you for new educational posts?
PAIR
EUR/USD Weekly Forecast 30 Jan - 3 Feb 2023 hEUR/USD Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from EVZ we can see that currently the IV for this week is at 9.05%, equal to last week.
This can be translated in +/- 1.26% weekly movement from the open of the candle, which makes the next top/bot channel
TOP: 1.10
BOT: 1.073
If we were to make a more accurate statement, based on the current percentile of the EVZ( from 0 to 25) , we can apply a condition in the filter
to look for scenarios when the volatility were lower than 50 percentile( bottom half). If we were to take this data we can see, that our numbers would be:
74% according to the last 20 years of data
67% according to the data since 2022
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
30% to touch the previous weekly high
70% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: +93% Bullish Trend
D Timeframe: +93% Bullish Trend
W Timeframe: +40% Bullish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
1.081% from the open to the close candle for the bullish scenario
0.966% from the open to the close candle for the bearish scenario
✅TRADING ONE PAIR ONLY✅
“TO TRADE, OR NOT TO TRADE A SINGLE CURRENCY PAIR. THAT IS THE QUESTION…”
🧿MULTIPLE CURRENCY PAIRS
Easier to recover from losses on a given currency pair
Less likely to experience not seeing any setups for a whole day/week
Better understanding of pair correlations required
Can be more distracting
🧿SINGLE CURRENCY PAIR
No risk of trading correlated pairs
Better ability to focus
Feeling of understanding the price movements more
Can be a struggle to stick to ONE pair
Feeling of missing out when big moves happen on other pairs
✅HOW TO TRADE SINGLE CURRENCY PAIR:
🔲Step 1: Pick Your Currency Pair
▪️Is the pair active when I intend to trade it?
Even though the Foreign Exchange market is open 24/5, some pairs may be less traded at some specific times. Refer to "When To Trade Forex To Maximize Your Lifestyle & Profit?"
▪️Do you understand the currency pair you want to trade?
If you trade a pair with your country's currency, your chances of understanding how the price of the pair fluctuates might be higher. You will know what's going on and might even be able to know where the currency is heading (we are talking of fundamental analysis here...).
▪️Is the pair too or not enough volatile for you?
Don't be surprised to see big swings in GBP/JPY or GBP/NZD because those pairs are considered more volatile. Some traders like it because the profits usually come quickly, but stopped out trades can be more frequent.On the other hand, a pair like USD/CNY will have some inactivity periods and that might be frustrating.
🔲Step 2: Plan Your Trading
Good strategies are abstract and should work on any currency pair, however, since you have decided to trade one pair only, you have the privilege of tailoring you strategy to the particular pair, taking into the account it’s volatility, average likelihood of fakeouts vs breakouts, how trending it is on average etc..
🔲Step 3: Stay Consistent
Stick to the plan for at least a month. You might start the month feeling excited. You might get discouraged because you've taken too many or too few trades two weeks in.No one cares. Stick to your decision.At the end of the month, two things will happen:
1. You'll have built more confidence in your ability to remain consistent.
2. You'll have performed an experiment and will be able to say what works vs. what doesn't.
Those are two great things for someone who's looking to grow as a Forex trader.
Thanks for reading bro, you are the best☺️
✅Gimme a like and the Gods of Trading will favour you this week👍
Dear followers, let me know, what topic interests you for new educational posts?
2 y 5 y 10 y bonds butterfly idea and historical returns hello
does anyone find me please an historical returns of a butterfly spread as follow -
long 1 2 years bond
short 2 5 years bond
long 1 10 years bond.
Does that make sense ?
It is a combination of 3 legs , using 3 instruments.
I am looking for some history and historical returns .
Thnak you
EUR/USD Weekly Forecast 14-18 November 2022 EUR/USD Weekly Forecast 14-18 November 2022
Currently the implied volatility for this asset is around 1.65%, up from 1.61% of last week.
From volatility percentile, point of view, we are currently on 35th from ATR and 38th from EVZ index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
1.23% for bullish
0.967% for bearish
With the current IV, we can expect with a 78.3% probability that the market is not going to close either above or below the next channel:
TOP: 1.05
BOT: 1.017
Lastly, based on previous calculations, we have:
71% to hit the previous weekly high of 1.036
28% to hit the previous weekly low of 0.99
Buy 5 shares of ED for Every One share of ADSKAutodesk
Consolidated Edison
---
1- No stop loss.
2- 5x leverage NoT More!
Becareful! Not more than leverage 5.
-
for buying shares:
warning: Only leverage 5, Do Not Take More Than leverage 5.
-
for options is Excellent:
5 call option 3 months contract of Consolidated Edison for every One call option 3 months contrac of Autodesk .
----
Happy Trading!
ANT - Possible breakout from rangeCurrently the market is unpredictable so I recommend limiting the risk - while there are gems that technically show us that it is worth trying
USDJPY - Potential Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDJPY is overall bullish trading inside the brown channel.
Moreover, the zone 144 - 147 is a strong supply zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since USDJPY is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TradingView Binance All Futures USDT Pair TXT Import USDⓈ-M This is All Pairs List for USDⓈ-M Binance Futures 2022
Last Update: 23/07/2022
171 Pairs:
binance:1000luncbusdperp
binance:1000shibbusdperp
binance:1000shibusdtperp
binance:1000xecusdtperp
binance:1inchusdtperp
binance:aaveusdtperp
binance:adabusdperp
binance:adausdtperp
binance:algousdtperp
binance:aliceusdtperp
binance:alphausdtperp
binance:ancbusdperp
binance:ankrusdtperp
binance:antusdtperp
binance:apebusdperp
binance:apeusdtperp
binance:api3usdtperp
binance:arpausdtperp
binance:arusdtperp
binance:atausdtperp
binance:atomusdtperp
binance:audiousdtperp
binance:avaxbusdperp
binance:avaxusdtperp
binance:axsusdtperp
binance:bakeusdtperp
binance:balusdtperp
binance:bandusdtperp
binance:batusdtperp
binance:bchusdtperp
binance:belusdtperp
binance:blzusdtperp
binance:bnbbusdperp
binance:bnbusdtperp
binance:bnxusdtperp
binance:btcbusdperp
binance:btcdomusdtperp
binance:btcusdtperp
binance:btsusdtperp
binance:c98usdtperp
binance:celousdtperp
binance:celrusdtperp
binance:chrusdtperp
binance:chzusdtperp
binance:compusdtperp
binance:cotiusdtperp
binance:crvusdtperp
binance:ctkusdtperp
binance:ctsiusdtperp
binance:cvcusdtperp
binance:cvxbusdperp
binance:darusdtperp
binance:dashusdtperp
binance:defiusdtperp
binance:dentusdtperp
binance:dgbusdtperp
binance:dodobusdperp
binance:dogebusdperp
binance:dogeusdtperp
binance:dotbusdperp
binance:dotusdtperp
binance:duskusdtperp
binance:dydxusdtperp
binance:egldusdtperp
binance:enjusdtperp
binance:ensusdtperp
binance:eosusdtperp
binance:etcusdtperp
binance:ethbusdperp
binance:ethusdtperp
binance:filbusdperp
binance:filusdtperp
binance:flmusdtperp
binance:flowusdtperp
binance:ftmbusdperp
binance:ftmusdtperp
binance:fttbusdperp
binance:fttusdtperp
binance:galabusdperp
binance:galausdtperp
binance:galbusdperp
binance:galusdtperp
binance:gmtbusdperp
binance:gmtusdtperp
binance:grtusdtperp
binance:gtcusdtperp
binance:hbarusdtperp
binance:hntusdtperp
binance:hotusdtperp
binance:icpbusdperp
binance:icxusdtperp
binance:imxusdtperp
binance:iostusdtperp
binance:iotausdtperp
binance:iotxusdtperp
binance:jasmyusdtperp
binance:kavausdtperp
binance:klayusdtperp
binance:kncusdtperp
binance:ksmusdtperp
binance:leverbusdperp
binance:linausdtperp
binance:linkbusdperp
binance:linkusdtperp
binance:litusdtperp
binance:lptusdtperp
binance:lrcusdtperp
binance:ltcbusdperp
binance:ltcusdtperp
binance:luna2busdperp
binance:manausdtperp
binance:maskusdtperp
binance:maticbusdperp
binance:maticusdtperp
binance:mkrusdtperp
binance:mtlusdtperp
binance:nearbusdperp
binance:nearusdtperp
binance:neousdtperp
binance:nknusdtperp
binance:oceanusdtperp
binance:ognusdtperp
binance:omgusdtperp
binance:oneusdtperp
binance:ontusdtperp
binance:opusdtperp
binance:peopleusdtperp
binance:qtumusdtperp
binance:rayusdtperp
binance:reefusdtperp
binance:renusdtperp
binance:rlcusdtperp
binance:roseusdtperp
binance:rsrusdtperp
binance:runeusdtperp
binance:rvnusdtperp
binance:sandbusdperp
binance:sandusdtperp
binance:sfpusdtperp
binance:sklusdtperp
binance:snxusdtperp
binance:solbusdperp
binance:solusdtperp
binance:srmusdtperp
binance:stmxusdtperp
binance:storjusdtperp
binance:sushiusdtperp
binance:sxpusdtperp
binance:thetausdtperp
binance:tlmbusdperp
binance:tomousdtperp
binance:trbusdtperp
binance:trxbusdperp
binance:trxusdtperp
binance:unfiusdtperp
binance:uniusdtperp
binance:vetusdtperp
binance:wavesbusdperp
binance:wavesusdtperp
binance:woousdtperp
binance:xemusdtperp
binance:xlmusdtperp
binance:xmrusdtperp
binance:xrpbusdperp
binance:xrpusdtperp
binance:xtzusdtperp
binance:yfiusdtperp
binance:zecusdtperp
binance:zenusdtperp
binance:zilusdtperp
binance:zrxusdtperp
EUR/JPY downside leg looking prominent...After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline.
We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
NZDJPY 4 Hours Chart Technical ProjectionHello Traders
It's me again Opizzlefx.
I have spotted a good selling opportunity for NZDJPY and if you have this pair in your watchlist, i recommend not to miss it. I have gathered all my informations right from the Weekly timeframe and i noticed that it is ready to make that big corrections to the downside. Thus going to the lower timeframe like the 4 Hours timeframe, i saw a good continuation pattern.
Feel free to comment if you do not understand the analysis well and i will explain further.
Thanks
Regards.
there is still a possibility for cad to strengthenwith the compression on the sellers and the inability of the buyers to continue rising, there is a possibility that the CAD will strengthen significantly. Judging from the smaller timeframe, the price structure forms HL continuously and there is already an OB in the demand area. the best opportunity is to wait in the supply area (qmm) and can BUY if there is a rejection in the demand area.
Elliott Wave Theory at AUD/USDUsually i publish at lower time frames , but the higher the time frame the better . You know better your trend and it has more validation on supports and resistances, thats why i always take a look at the daily timeframes and take trades on smaller ones like 4h and 2h. Always have a look at the big picture. Always zoom out. So, as we see our pair its on a bearish trend for a year now . We exptect a break out as it finished its last wave from X to Z . ONLY if we see a break out on its trend then we might have some good long positions . Thats all dont have to analyse too much ,just only to have a look at the bigger picture . Remember the trend is our friend.