How to read a Candlestick with NO top or bottom wick?
Every candle that is printed on the charts has a meaning. As a trader, it is our responsibility to understand & interpret the meaning to increase the chances of our success. No indicator can tell the actual meaning other than the candlesticks. Before understanding the NO wick concept let’s understand the basic characteristics of any […]
Where #XAUUSD Gold Price will move? Sell or BUY find out
On Higher Timeframe 1 Week & 1 Month Gold is still in uptrend & showing bullish signs. Below is 1M chart where we can see that as soon as last month high was taken off; price of #XAUUSD moved significantly to print a new all-time high. Key region on chart is 1977.49 which is the […]
Focus on Taking 1-2 Trades Every Day for Consistent Results
After selecting the best trading session; next move is to take 1-2 trades every day. I know it’s a hard call but it is to be applied for a reason. Traders who take multiple trades every days are not focused. They randomly execute trades. On losing they open a revenge trade & loose further. In […]
Focus on 1 Trading Session – Asia, London or New York
After selecting & focusing on 1-2 Trading pairs. Next task of a trader is to identify which trading session is feasible for them to trade. It is nearly impossible for a trader to trade all sessions and stay disciplined. Also if you are planning to become a full time trader; focus on 1 session needs […]
Focus on 1-2 Trading Pairs & Master the Price Action
Previous we put emphasis on DEMO ACCOUNT & RISK MANAGEMENT. In this article; you will learn the importance of focusing on 1-2 trading pairs. New traders enter the market with aggressive approach. They are always hunting for a trade. In order to enter in a position they scan multiple trading pairs. Their watch list is […]
Do not risk over 1% of your Trading Capital – Trading Tip
Almost every new trader lacks trading discipline; which is regarded as the backbone of successful trading journey. Risk management is one of the key part of trading. NEVER RISK more than 1% of your trading capital if you are a beginner. What does 1% risk means? Let’s understand it in detail. Suppose you have a […]
#XAUUSD Gold Chart Analysis Friday May 12 2023
Here we go. This is the last day of a rollarcoaster week. Yesterday #XAUUSD price dumped from 2037 to 2010 that is around 270 pips. Today we can expect volume & volatality in the market due to news and week end. Right now gold is trading around 2012 & 2010.7 NO trade region. The 4 […]
How to avoid spiling your Trading Career?
From today onwards; I’ll be posting valuable content related to financial markets. 😎 In coming weeks/months a lot more to come related to financial market education. 🔥 👉 Lets start off with the first valuable tip. 👉 Treat trading as Marathon not a Sprint. Professional traders face both good & bad days. As a good […]
#XAUUSD GOLD Analysis 11 May 2023
The analysis shared is based on Simple Price Action Analysis where Support, Resistance & clean range is taken underconsideration. Yesterday, after the CPI news price of Gold pumped massively 157 pips in one signle 30 minutes candle. The whole price pump gap was filled in the next two hours candle. Currently follow the following key […]
GOLD #XAUUSD Analysis 9 May 2023
#xauusd update pre London session. Asian session pushed the price up. We have resistance in 2028.18 region. If price closes above that we can look for buys. Sells area is cluttered. Will only look for sells if 30M TF candle closes below 2022.8 region.