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EUR JPY BUY OPPORTUNITY
EURJPY ·
Mon, 01 Mar 2021 18:39:39 -0600
Buy EurJpy Target 1: 1.2930 Target 2:1.2960 If you like this idea, kindly give a thumbs up. Good Luck Y'all. Thank you NB: This is not a trading advice, trade at your own risk. Never risk more than more than you are willing to lose.
Details
Needs to close above 1600.
ETHUSD ·
Mon, 01 Mar 2021 18:44:58 -0600
Even with the drop, last 4 candles closed above 1420. Healthy drop. A close on this candle above 1600 and we are going far now.
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BTCUSD longer term analysis
BTCUSD ·
Mon, 01 Mar 2021 18:42:27 -0600
Potential buy entry point for BTCUSD trade. KEEP one position @ 33000 and second entry @30000 level.
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WARNING BTC bulltrap
BTCUSD ·
Mon, 01 Mar 2021 18:42:46 -0600
What Is a Bull Trap? A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions. A bull trap may also refer to a whipsaw pattern. The opposite of a bull trap is a bear trap, which occurs when sellers fail to press a decline below a breakdown level.
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Short & Long Term Trading Projection
USDJPY ·
Mon, 01 Mar 2021 18:24:57 -0600
G'Day Guys. Here some of idea that might useful for you guys. We looking for Sell Setup for USDJPY. I projected the price movement kinda forming this pattern, please note based on weekly analysis its might gonna take 3 to 12 Month projection. As time for USDJPY changing directions. Follow this projection for update. Lets discuss what is your idea and I really appreciate a positive comments and improvement.Am targeting of 85% accuracy of projection. Cheers. Thanks
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Bitcoin EOY 501k
BTCUSD ·
Mon, 01 Mar 2021 18:26:47 -0600
same as last time
Details

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Economic Calendar
03-0203-0303-0403-0503-06
  • Actual
  • Forecast
  • Prior
  • 00:00
    Total Vehicle Sales
    -
    -
    16.60M
  • 00:30
    Net Exports Contribution (Q4)
    -0.1%
    -0.3%
    -1.9%
  • 00:30
    Private House Approvals (Jan)
    -12.2%
    -
    15.8%
  • 00:30
    Nikkei Manufacturing PMI (Feb)
    55.3
    -
    53.2
  • 00:30
    Building Approvals (MoM) (Jan)
    -19.4%
    -3.0%
    10.9%

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News

Japanese government officials: Manufacturing business spending fell from October to December year-on-year, reflecting the uncertainty of the economic outlook.

News Flash03-02 00:52From XTrend Speed
Japanese government officials: Manufacturing business spending fell from October to December year-on-year, reflecting the uncertainty of the economic outlook.

[Guosheng Securities: The market is in the stage of gathering momentum and is expected to start a new round of uptrend] Guosheng Securities pointed out that since the beginning of the New Year, the market has experienced very strong fluctuations. Blue chip stocks with low valuations are favored by incremental funds. With the accelerated recovery of the U.S. economy and the upcoming "two sessions" in China in March, market sentiment is gradually picking up, and technical adjustments have been adequate. The market closed at an important support level. The market is in the stage of gathering momentum and is expected to embark on a new round of uptrend.

News Flash03-02 00:39From XTrend Speed
[Guosheng Securities: The market is in the stage of gathering momentum and is expected to start a new round of uptrend] Guosheng Securities pointed out that since the beginning of the New Year, the market has experienced very strong fluctuations. Blue chip stocks with low valuations are favored by incremental funds. With the accelerated recovery of the U.S. economy and the upcoming "two sessions" in China in March, market sentiment is gradually picking up, and technical adjustments have been adequate. The market closed at an important support level. The market is in the stage of gathering momentum and is expected to embark on a new round of uptrend.

Citibank: Reserve Bank of Australia expected to stand still

News Flash03-02 00:28From XTrend Speed
Citibank: Reserve Bank of Australia expected to stand still

U.S. Democratic Senator Sanders will propose amendments to the stimulus bill that include a minimum hourly wage of $15.

News Flash03-02 00:25From XTrend Speed
U.S. Democratic Senator Sanders will propose amendments to the stimulus bill that include a minimum hourly wage of $15.

Market news: US Democratic Senator Sanders called on Senate Democrats to ignore members of Congress.

News Flash03-02 00:25From XTrend Speed
Market news: US Democratic Senator Sanders called on Senate Democrats to ignore members of Congress.

The Reserve Bank of Australia did not buy government bonds today.

News Flash03-02 00:17From XTrend Speed
The Reserve Bank of Australia did not buy government bonds today.

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  • How to trade

    NEW

  • How to use coupon

Trading Knowledge

Trading Terminology

Basic Knowledge
Open Positions:

refer to the state of a trade after a trader has entered the market. Traders can Buy or Sell to enter the market.



Closed Positions:

refers to executing a security transaction that is the exact opposite of an open position, thereby nullifying it and eliminating the initial exposure.



Close Out:

When your account's Equity reaches 50% of your Used margin , the system will automatically close out positions. The system will start closing positions that have the highest loss until the ratio is greater than 50%.



IMPORTANT NOTE: You should set “stop loss” and “take profit” in time when trading.

How to calculate profit and loss?

Product Guide
Profit/Loss = Price Difference in pips * Pip Value



For example, you buy 100 AUDUSD with a pip value of 0.01 USD and required margin of $5.

The opening price is 0.78260 and the closing price is 0.78220.

Their price difference in pips is -4 pips [(0.78220-0.78260)/0.0001 - The pip for AUDUSD is the fourth decimal point, ie. 0.0001].

Hence, the profit/loss (P/L) is -$0.04.

What is Margin Level?

Product Guide
● The margin level is a risk management gauge that helps you understand how the currently opened positions influence your account.

● Margin level is a mathematical equation that effectively tells the trader how much of their funds are available for new trades

● The higher the margin level, the higher the amount of cash available to trade

● The lower the margin level, the lower the amount of cash available to trade and the account could be subject to a margin call.

● Monitoring margin level is important for managing your account. If it falls to 100% the system will not allow you to open new positions, and in the case it falls further, some of your positions may be forcibly closed. You can raise it, either by adding funds to your account to increase equity or by closing some positions to reduce used margin.

If your margin level is getting close to 50%, you are in danger of having some of your positions forcibly closed. When the margin level is less than or equal to 50%, the positions with the greater losses will be closed out until the margin level rises above 50%. The positions opened by coupons will not be influenced and hence coupon trades will not be closed out.



How is margin level calculated?

It is calculated by the following formula:

Margin level = (equity ÷ used margin) × 100%

If you don't have any trades open, your margin level will be “- “



Margin level example

If your account equity is $8,000 and your used margin is $2,000 then your margin level is 400%.

Important Economic Data - Released Dates

Economic Calendar
NFP:

At 15:30 (GMT +2) on the first Friday of every month



GDP of major currencies (EUR, USD, GBP, AUD, NZD & JPY):

Released on a quarterly basis.



CPI of major currencies (EUR, USD, GBP, AUD, NZD & JPY) :

Released monthly.



U.S. Initial jobless Claims :

At 15:30 (GMT +2) every Thursday



U.S. Durable Goods Orders :

At 14:30 (GMT + 2) once a month



FOMC Minutes:

The Committee meets eight times a year, approximately once every 6 weeks



EIA:

At 17:30 (GMT + 2) every Wednesday



OPEC meeting:

Twice in a year, usually in June and December

Candlestick Chart

Candlestick Chart
There are two basic candlesticks:

1. Bullish Candle: When the close is higher than the open (usually green or white).

2. Bearish Candle: When the close is lower than the open (usually red or black).



There are three main parts to a candlestick:

1. Upper Shadow: The vertical line between the high of the day and the close (bullish candle) or open (bearish candle).

2. Real Body: The difference between the open and close; colored portion of the candlestick.

3. Lower Shadow: The vertical line between the low of the day and the open (bullish candle) or close (bearish candle).



Candlestick Patterns


1.White Marubozu

Formation: When the opening price equals the bottom price and the closing price equals the top price. The body colour is white or green without shadows.

Meaning: The buyers maintained control of the price - Bullish.

Forecast: It indicates the continuation at the end of an uptrend or a reversal at the end of a downtrend.


2.Black Marubozu

Formation: When the opening price equals the top price and the closing price equals the bottom price. The body colour is black or red without shadows.

Meaning: The sellers maintained control of the price - Bearish

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


3.Closing Black Marubozu

Formation: When the closing price equals the top price and no lower shadow is created.

Meaning: The sellers took control of the price - Bearish.

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


4.Hammer

Formation: Small candlestick body with a long lower shadow and a short or absent upper shadow.

Meaning: The buyers were able to overcome the selling pressure and close near the open - Bullish.

Forecast: It indicates a reversal after a downtrend or a support level which requires further bullish confirmation.


5.Shooting Star

Formation: Small candlestick body with a long upper shadow and a short or absent lower shadow.

Meaning: The sellers were able to overcome the buying pressure - Bearish.

Forecast: It indicates a reversal after an uptrend or a resistance level which requires further bearish confirmation.


6.Spinning Tops

Formation: Small candlestick body with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: If it forms during an uptrend, it could mean that not many buyers are left and a possible reversal might occur. If it forms during a downtrend, it could mean that not many sellers are left and a possible reversal might occur.


7.Doji

Formation: Opening and closing prices are effectively equal with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: It indicates indecision and is often formed during resting periods after a significant move either higher or lower.



The above are some types of candlestick patterns that can be formed. The different types can be categorised as single, double and triple candlestick formations. Please always take market conditions and price action signal into consideration before acting on a single candlestick pattern.

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