Learn when you fail.
Remain humble when you win.
Time to dig into some trade recaps before gym.
Got taken out of NZD/CAD for 1%. Still an abundant of opportunities for the remainder of the week.
Lets get it. 🚀
🔔 Análisis del índice SG30USD
El precio se vió impulsado al alza el día de ayer, después que la balanza comercial reportó $2.41B contra $1.94B previamente.
Esto permitió que la cotización continuara sobre el canal ascendente iniciado el 11 de febrero, con una convergencia entre el canal y una línea de soporte en el nivel de los 361.54 ••••
¿Quieres recibir nuestro reporte del mercado? Escríbenos DM. Es GRATIS!!
~ Toma ventaja con nuestras señales Premium ~
2 832 minutes ago
Elliott Wave View: S&P 500 (SPX) Rallies as an Impulse
Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave structure. An Impulse structure is a 5 waves move. The Index is now within wave ((3)) of the possible 5 waves move from December 26 low. Subdivision of wave ((3)) unfolded as another 5 waves of lower degree where wave (3) ended at 2738.98 and wave (4) ended at 2681.83.
Wave (5) of ((3)) is currently in progress towards a potential target of 2781.12 – 2811.77 (blue box). The Index should then pullback in wave ((4)) to correct wave ((3)) rally from December 28, 2018 low (2397.94). The pullback should later unfold and find buyers in the sequence of 3, 7, or 11 swing. In Elliott Wave Theory, wave 4 typically correct wave 3 at 23.6 – 38.2 Fibonacci retracement. We need to wait for wave ((3)) to complete before we can project a more accurate retracement area. If we assume wave ((3)) ends at 2781 (the blue box), then potential area for the Index to end the wave ((4)) correction is approximately 2635 – 2691.
S&P 500 (SPX) 1 Hour Elliott Wave Chart
Read more at #forexbusiness#Elliottwave#Forex#Commodities#Indices#Stocks#ETFS#Bitcoin#fxtrader#daytrading#forexprofit#millionaremindset#forexanalysis#priceaction#swingtrading#motivation#luxurylifestyle#stockmarket
📉AUDJPY POSIBLE VENTA📉
Es curioso como todos los JPY's estan alcanazndo o han alcanzado un punto de agotamiento en el tope de sus respectivas TL alineadas con niveles MP fib o PRZ mensual. Para este par ha alcanzado y retesteado el fondo del una estructura previa semanal dejando una larga sombra que se alinea con una TL descendiente, asi que si tenekos un cierre por debajo de 78.67 pondriamos una posicion en corto.
Bearish chart of the DAX 📉 Note how the moving avgs are in Bearish Alignment 200/100/40, parallel and tilting down, much further along in a bearish situation - and far more difficult to reverse - than the chart of the CAC 🇫🇷 The recent rally here got up to the 100 avg - which is more than the market has been able to do in a long time - but it looks like it is running into a wall at the 100. If it can't push through the 100, and especially if it gets shoved back under the 40, that opens the door to another leg down. When the moving avgs are in this Bearish Alignment 200/100/40, we Only look to short 📉 failed rebounds. The moving averages serve as resistance and easily identifiable stop loss levels.
You are surprised, aren't you? :) Only one question... How many times have you ever heard such statement?
We bet that many people tell it when you're a beginner and try to dissuade you to 'waste' your time on learning and training trading. Unfortunately, many people are afraid of Forex and investing and get used to go to the office every morning, get their ~1000$ monthly and feel stability. This life model is inherent in more than 90% of the world's population and it's okay, but there are people who have decided to risk and go against the system... We are traders and investors.
It's difficult to continue to do anything if there's no support around, and it's very lucky if family and friends believe, trust and help, but what to do, if you're alone?
Save our motivational checklist and come back to this one every time you need support or confidence.
• Find an answer WHY you have started trading. Is there anything after which you realized that you want to be a trader? Keep this reason in mind and remember that everybody starts with a dream only.
• Who tell you that it's uselessly? Are they successful people? Look at Forbes List. Many of them invest. Warren Buffett, the most popular investor and trader, is the third richest person in the world. Just imagine what these people will tell you about useless of investing.
• Remember any moment when you did anything and people around didn't believe that you would do that. It can be any time of your life: childhood or just yesterday, but there was at least one such moment. Did you give up that time? No. Did you believe in your success? Yes. The same is now - guess the result?
And always remember, that at first they'll ask you why you're doing it, then they'll ask you how you did it. It's your way only and the strongest survive. Are you a weak person? If you decided to go against the system and take a risk, it means that you're strong, so, is there any reason to give up?
Save the checklist, comment and join our Trading Community - you're not alone 💪
69 23846 days ago
Whats up @marketchampions family. -
As a continuation of yesterdays post, we are still talking about dividend stocks for beginners, today's stock is McDonald's Corporation. Many of you have probably eaten here, multiple times a year. McDonalds has continuously expanded their business all around the globe and is set to be here for a long time. They continue to introduce healthier options to their menu, increasing the marketability of their products and consumer base. What do you guys think about this stock long term? -
Let us know in the comments below. Feel free to share as well. -
👉 Follow @marketchampions 👈 👉 Follow @marketchampions👈 👉Follow @marketchampions 👈
34 9765 days ago
I get so many Emails, messages and calls about how to maintain a strong relationship, whilst also going through the emotional rollercoaster of trading. So here goes...
The following are five steps that have a good chance of keeping your relationship and trading back on a healthy road.
1. Commit to each other. Leave no doubt to your love and support. And that trading success has nothing to do with it. No matter what, you’ll survive.
2. Commit to honest, open communication. Tell each other what you need. There should be no guessing or mindreading. The trader might need more time to study or be uninterrupted by family issues. The spouse may need a commitment to more focus on family issues. This openness will reduce the fear factor that contaminates trading.
3. Create a new deal: This includes a timeframe in which some level of trading success needs to be met and, possibly, a new approach to the trading/investing endeavor (i.e. part time vs. full time). _
4. Discuss the amount of capital that will be committed or recommitted. Agree to the necessary account size and maximum drawdown.
5. Trader: Create your detailed trading plan. Share it with your spouse. Include a regular time for check-in and discussion. Both agree to it, sign it and put where you both have access to it. You are partners in this endeavor
Candles don't associate with those candles that burn, right?😁
35 19982 days ago
Trending markets are identified by using swing patterns that are broken down into classic sequences higher highs, higher lows, lower highs and lower lows (not in that order).
These key technical high and low points are called ‘swing highs’ and ‘swing lows’, and it is the order which they appear on the chart is vital to identifying trends, especially if you want to catch them in their early stages of development.During a bullish trend, price will step upwards in a zig-zag type pattern – almost like price is walking up a flight of stairs. Price will gradually step its way higher forming that ‘staircase footprint’ on the chart.
Higher highs (or swing highs) in bullish trends is where the market finds resistance, and generally starts off a
correctional move.Higher lows (or swing lows) normally are formed after a counter trend correction is terminated, and the market finds its footing (support). Trend momentum kicks back in here and generally pushes price into the next higher high to complete the next phase of the trend.During a downward bearish trend, the opposite is true.
Notice the ‘staircase’ upward motion – price is finding support and resistance at the swing highs & swing lows, as it moves in the general upward direction.
39 12832 days ago
Stick to your trading strategy and forex will be your only needed income. 💯💰📊. Start with one currency pair until you know it inside out.
Forex day trading is that you can trade 24-hours a day. Unfortunately, that doesn't mean you should. Day traders should only trade a forex pair when it's active and there's lots of volume and transactions occurring. The EUR/USD has certain hours which are acceptable for day trading because there is enough volatility to generate profits which are likely greater than the cost of the spread and/or commission. To be efficient and capture the largest moves of the day, day traders hone in even further, often day trading only during a specific three to four-hour window.