TradersChat

20 Nov 2023 16:07

I would appreciate if u could guide me on what to look for

TradersChat

19 Nov 2023 14:02

Who know abt this prop firm

TradersChat

19 Nov 2023 13:29

Historically, some of best Forex Correlations:

1. EUR/USD and USD/CHF:
- These pairs tend to have a strong negative correlation. When the EUR/USD goes up, the USD/CHF tends to go down, and vice versa.


2. USD/JPY and US TREASURY BONDS:
- There is often a positive correlation between the USD/JPY currency pair and US Treasury bond yields. When bond yields rise, the USD/JPY tends to appreciate, and when yields fall, the USD/JPY tends to depreciate.


3. a) AUD and GOLD:
- The Australian dollar (AUD) and gold have been known to exhibit a positive correlation. As gold prices rise, the AUD/USD often strengthens, and as gold prices decline, the AUD/USD can weaken.


b) GOLD and USD:
- Gold and the US dollar often have an inverse relationship. When the US dollar strengthens, gold prices may decline, and when the dollar weakens, gold prices may rise.


4. COPPER and AUD:
- Australian dollar can be influenced by copper prices due to Australia's significant copper mining industry. When copper prices rise, it may lead to a stronger AUD, and when copper prices fall, the AUD may weaken.


5. OIL and CAD:
- Canadian dollar (CAD) can be affected by oil prices due to Canada's status as a major oil producer. When oil prices increase, it can lead to a stronger CAD, and when oil prices decrease, the CAD may weaken.

TradersChat

19 Nov 2023 12:54

If you cant listen to other people opinion or advice from someone 20x more experiences than you i dont think you should be trading

TradersChat

19 Nov 2023 12:11

Gold sell orders 2010

TradersChat

19 Nov 2023 11:42

Who r you kid he been here for 5 years give or take

TradersChat

19 Nov 2023 09:55

Okay thank you for your help

I only trade USDJPY & GOLD

TradersChat

19 Nov 2023 09:42

How can you call it wrong ???

TradersChat

19 Nov 2023 08:29

And about trading sessions I’ll recommend gold for you because it provides opportunities for scalping almost or let me say every day with good reward to risk ratio just take a look at this chart in London-New York session just back test and study it I promise you you’ll dump all other currency pairs

TradersChat

19 Nov 2023 08:10

User 1571073344 changed name from THEHUSSLA🦅 to Just quit

TradersChat

19 Nov 2023 07:15

Good morning good people

I have been trading for about 8 months but still have not came up with a stratergy that suits me best..

I use support and resistance, trendlines plus channels on weekly ,daily & h4..

Try to execute on M15 and H1 but still fail as trader

How can I simplify my stratergy

I would also like to know on how to rely on asian,european and american closings and opening & close so that I can add them as confluence on my trading

Thank you

TradersChat

19 Nov 2023 01:27

🔍 🟡 Gold Spot Price #XAUUSD

💡 last move up is still a part of wave 2 (orange) corrective structure, price touched 1993.43 which is 78% fib level of wave A (black), this week we will trade wave C (black) targeting 1915, usually in this case wave C = wave A, you can go for SL above 1994, but mine will be 2010 on Monday before moving it lower, good luck.

🔗 original: /channel/GOLDFXCCTradersChat/837000/993703

TradersChat

19 Nov 2023 01:25

first of all, thanks for sharing my friend, you are posting others' works, looking for knowledge or explanation, the chart you shared, is predicting butterfly harmonic patterns, which is wrong, you are not supposed to assume patterns until they happen to occur, that's the rule, once it happens, you can say we have H&S, cup and handle ...etc and trade it, and these are classics.

TradersChat

18 Nov 2023 23:28

But draw at this level it touch the right area

TradersChat

18 Nov 2023 23:23

#VIX

Daily trendline in the green zone possible its target

TradersChat

20 Nov 2023 16:05

I'm tired of sharing it. now I just enjoy it myself.

TradersChat

19 Nov 2023 13:35

Thank you again🙏

This information will be handy to me in due time

TradersChat

19 Nov 2023 13:23

I don't have any clue about correlated pairs but thank you

This is a great help because you seem to say sell usdjpy & buy gold or vice versa

TradersChat

19 Nov 2023 12:43

Nothing there to really explain
Its what it is, 5 confirmation trades 20pips sl 50pips TP

TradersChat

19 Nov 2023 12:07

Hope u know is collerated with gold?

TradersChat

19 Nov 2023 09:56

Thank you that I will do

TradersChat

19 Nov 2023 09:43

Who r u ??? First introduce yourself??? You are provoking in everyone’s matters ???

TradersChat

19 Nov 2023 09:00

Try and focus on 2 or 3 pairs...

And study their behavior

TradersChat

19 Nov 2023 08:10

User 1571073344 changed username from MUBARAKSAID1 to mubarakTH

TradersChat

19 Nov 2023 08:10

As ur learning try smaller time frames let h4 be your highest and for best execution try smaller timeframes like 1 or 5 minutes just identify the last low or high and wait for it to break then have your entry it gives you tight nd comfortable sl I’ve been also learning for a 15 months and still learning I only focused on 5 pairs now after realizing keeping so many pairs in my watchlist keeps me exhausted I decide to develop certain knowledge on them and lastly I think for you to be winning you need to know yourself and develop some state of mind nd to me winning is a state of mind not a specific strategy.

TradersChat

19 Nov 2023 01:28

@Marketlover73 🥂

TradersChat

19 Nov 2023 01:26

@Marketlover73 secondly, we already knew it 12 days ago, maybe if you spend more time here you will find that there is a lot of stuff here that you won't find anywhere else, and find our community materials more interesting, enjoy!

TradersChat

18 Nov 2023 23:32

#GOLD

TV auto butterfly show $1840 but the top leg don't line up

TradersChat

18 Nov 2023 23:27

Bro when I draw the fib like this it don't touch 0.786fib

TradersChat

18 Nov 2023 23:20

#VIX

$7124 done
Now possible the green zone and its a M pattern so typically the down leg should be longer