Author: fxanalyst

DISCLAIM : I AM NOT POSTING THIS FOR ANYONE TO TRADE ON MY BEHALF I AM NOT A FINANCIAL ADVISOR PLEASE KNOW YOUR TRADES ARE YOUR OWN CHOICE . DYOR

As A Returning Trader, I Have Been Watching Trader News And Other Traders Trade Ideas. I Am A New Oanda User So I’m Learning The Platform And Timing With My Entries And My Exits.

I Have Been Considering Short Trades During The First Few Days Of The Week As The DXY Seems To Continue To Rise My Most Watched Pairs Are AUD/USD, EUR/USD, And GBP/USD And Occasionally USD/JPY But My Focus Are The First 3. (I May Trade These Currencies To Focus My Trades With Gold But In The Meantime) The Dollar Value Has Gone Up For 4 Weeks Now And If It Continues Thes Pairs Will Still Be Good For Shorts. Im Posting This On A Saturday Checking My S/R Levels For The Upcoming Week…

Im Not Too Confident About Exact Numbers But AUD/USD Has Already Broken Support For Me.
GBP/USD And EUR/USD Have Already Made It To My .50 Fib By Friday But Theres Still Room For Movement I Might Wait For A Little Bit Of Retracement Before I Think About An Entry .  

Any Seasoned Traders I Would Appreciate Any Feedback Or Ideas You Are Willing To Give.

Looking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally.

Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.

Just weeks ago, a similar technical set up was made, and today is a couple of weeks after…

Clear correlation here, so we know what the most probable for the next year going forward…
Bullish BTC

In a remarkable twist of market dynamics, silver – long overshadowed by its golden cousin – is positioning itself for what could be its most dramatic transformation in decades. Russia’s unprecedented decision to add silver to its central bank reserves has sent shockwaves through the precious metals market, potentially signaling a fundamental shift in how central banks view this dual-purpose metal. This strategic move, combined with a staggering supply deficit of 663 million ounces projected through 2024, suggests we may be witnessing the early stages of a historic price realignment.

The numbers tell a compelling story: a 41% price surge year-to-date, pushing above $33.89 per ounce, with analysts projecting potential moves beyond $40 before year’s end. Yet it’s not just the price action that’s turning heads. The convergence of industrial demand from emerging technologies, particularly in renewable energy and electronics, alongside traditional investment demand, has created a unique supply-demand imbalance. This structural deficit, coupled with major central banks’ expected rate cuts in 2024, could catalyze a powerful upward price trajectory.

Perhaps most intriguing is the current gold-silver ratio of 81:1, sitting well above its historical average of 55:1. This disparity, viewed alongside Russia’s groundbreaking policy shift, raises a provocative question: Are we witnessing the early signs of a new monetary paradigm where silver reclaims its historical role as a strategic reserve asset? For investors and market observers alike, the unfolding story of silver in 2024 may well represent one of the most compelling opportunities in the precious metals space – a narrative where industrial necessity meets monetary revolution.

• A new bullish pattern is forming
• If the price can break the resistance line, we will see the continuation of the uptrend
• In the higher time frame, the resistance zone is not seen
• Therefore, a decision should be made based on price-action in the future
• Enter the previous trade with almost the same system

See here

Trading Setup:
A Trading Signal is seen in the Gold XAUUSD (1h)
Traders can open their Buy Trades NOW

⬆️ Buy Now or buy on 2726.6
⭕️SL @ 2711.9
TP1 @ 2756.4
TP2 @ 2773.1
TP3 @ 2789.0

What are these signals based on?

1. Pattern Trading
2. Classical Technical Analysis
3. Price Action
4. Candlesticks
5. Fibonacci
6. RSI

Moving Average , Ichimoku , Bollinger Bands

Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.

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CHESS/USDT on the verge of a big breakout!

The CHESS/USDT pair is showing signs of a potential breakout, and the momentum is building up. The price is testing key resistance levels, and if it successfully breaks through, we could see a solid bullish rally.

What to watch for:
– A confirmed breakout above the resistance could trigger a sharp upward move.
– Increased trading volume may signal stronger buying interest.

Keep an eye on it: This setup could present exciting opportunities. However, always do your own research and manage your risk. 🧐

️ Disclaimer: This is not financial advice. DYOR (Do Your Own Research).

AUD/CAD seems to be developing a falling wedge pattern, and alongside a double bottom, it has bounced off a key demand zone. Given these confirmations, I anticipate a strong likelihood of bullish momentum that could propel the price upward by at least 100 pips to reach the daily range. Easy 1:3 RR trade.

Aptos (APT) has been catching the attention of traders and analysts alike, with its ecosystem experiencing significant growth, particularly its Total Value Locked (TVL) hitting an all-time high of 916.26M. As Aptos (APT) continues to surge, many are asking: is APT poised for a major rally, and can it reach the $12 mark— or even $15?

Ecosystem on the Rise
The recent spike in TVL highlights Aptos’ growing adoption within the decentralized finance (DeFi) space. Aptos ranks 14th in TVL among blockchain ecosystems, with a current value of $604.64 million spread across 48 protocols. Key contributors to this include Aries Markets, Amnis Finance, Thala, and TruStake, all of which have experienced significant TVL growth in the past month.

The rise in TVL signals that developers and users are increasingly choosing Aptos (APT) for its efficiency and low fees, a key feature of the Aptos Layer-1 blockchain. Aptos’ unique use of the Move programming language, originally developed for Facebook’s Diem project, enables faster, more secure transactions. The network’s ability to handle 13,000+ transactions per second (TPS) with Block-STM, a system for parallel transaction processing, has attracted partnerships with major players like Microsoft, AWS, and Mastercard. These alliances showcase Aptos’ real-world potential for use in sectors like gaming, AI, and NFTs.

Aptos NFT Surge: A Growing Asset Class
Aptos (APT) is also making waves in the NFT space. Over the last 30 days, Aptos saw 3.9K new collections, with total NFT sales of 24.5M. With 652.5K active wallets, Aptos is rapidly growing its footprint in the NFT marketplace. This surge further solidifies its reputation as a blockchain with wide-ranging applications beyond DeFi, adding momentum to its ongoing rally.

Technical Outlook
From a technical standpoint, Aptos (APT) is showing strong bullish momentum. Since breaking out of the $9.36 level on October 13, APT has continued its upward trend, currently trading at around $10.90. The next significant resistance level sits at $12, and a break above this could trigger a rally toward $15, potentially even testing its all-time high of $19.42—a 75% upside from the current price.

The key technical indicators further support the bullish outlook. The Relative Strength Index (RSI) is at 68, signaling strong buying pressure without being overbought, leaving room for further gains. Moreover, the 50-day Moving Average is nearing a Golden Cross formation, where it crosses above the 200-day Moving Average. This signal typically forecasts the beginning of a strong bullish trend. While the Golden Cross hasn’t fully materialized yet, a push above the $12 pivot could seal the deal, setting Aptos (APT) up for a major rally.

Risk Factors & Key Support Levels
Despite the strong upward trend, traders should keep an eye on the $10 support level. A breakdown below this price could signal a short-term retreat, with the next significant support lying at $9.75. In contrast, sustained momentum could propel APT to $12.50 and beyond, opening the door to its $15 target.

Conclusion
Aptos’—rising TVL, growing NFT sales, and strong partnerships—combined with bullish technical indicators, suggest that a larger rally could be on the horizon. If Aptos (APT) breaks through its immediate resistance levels, the path to $15 seems not only possible but highly probable. However, as with any cryptocurrency, caution is advised, and traders should watch key support levels closely to gauge whether Aptos (APT) can maintain its upward trajectory.

With a 40% surge this month alone and a rapidly expanding ecosystem, APT is undoubtedly one to watch as it continues to defy broader market trends. Will Aptos hit $15 before the quarter ends? Time will tell, but all signs point toward a bullish future for this rising star in the Layer-1 blockchain space.

Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.

XAUUSD (Gold) Continues to Reach New All-Time Highs

Gold prices have been surging aggressively over the past week.

At present, gold appears to be forming one of two potential patterns:

In the correction phase of Wave 4, with the following possibilities:

Expanded Flat
Triangle
Running Flat/Triangle
If this is the case, the price may consolidate for a while before hitting a new all-time high (ATH) again towards the end of the year.

Currently in Wave 3 of Wave (5):

In this scenario, the price may have a small pullback before quickly reaching a new ATH. After that, a larger correction phase is likely to occur by the end of the year.
For now, more weight is being placed on the first scenario. However, if the price breaks above the B-wave of the Expanded Flat at 2375, the second scenario will be favored immediately.

Note: The first scenario is more likely because, on a larger scale, the price has already reached the target of Wave (5), even though the smaller waves have not fully completed. Close monitoring is required.

Forex prop trading (short for foreign exchange proprietary trading) refers to a trading model where traders use capital provided by a proprietary trading firm to trade in the Forex (foreign exchange) market. Unlike traditional retail trading, where traders use their own funds, prop traders operate with the firm’s capital, typically after passing a series of evaluations to prove their trading skills and risk management abilities. In return, the firm takes a percentage of the profits generated by the trader.

🆕 Here’s a more detailed look at how forex prop trading works and why it’s appealing:

Access to Capital
Prop firms offer substantial capital to skilled traders, allowing them to trade with much larger account sizes than they might be able to on their own. For example, a trader might be funded with anywhere from $10,000 to $1,000,000 or more, depending on their experience and the firm’s offerings.

Evaluation Process
Most prop firms require traders to pass an evaluation or assessment phase before providing access to live capital. This involves trading on a demo account and meeting specific performance metrics like profit targets, drawdown limits, and risk management rules. If the trader successfully passes this phase, they are then given access to a live account with the firm’s capital.

Profit Sharing
Once a trader is funded, they enter into a profit-sharing agreement with the firm. Typically, the trader receives a percentage of the profits, often around 70-90%, while the firm keeps the rest as compensation for providing the capital and infrastructure. For example, if a trader makes $10,000 in profits and their profit split is 80/20, they would keep $8,000 while the firm takes $2,000.

Risk Management
Prop firms are very strict about risk management because they are providing their own capital. They impose limits on the maximum drawdown (the amount a trader can lose), daily loss limits, and leverage. If these rules are violated, traders risk losing their funded status.

Advantages for Traders
Low Financial Risk: Traders do not need to risk their own capital, reducing personal financial exposure.
No Pressure to Invest Large Sums: With access to firm capital, traders don’t need to save up large amounts to trade at higher levels.
Support and Resources: Many prop firms provide educational resources, trading platforms, and tools to help their traders succeed.

Types of Prop Firms
Prop firms can generally be categorized into two types:

Traditional Prop Firms: These firms often require traders to work in-office and provide access to a wide range of markets beyond Forex, including stocks, commodities, and derivatives. Online Prop Firms: The more popular model today, these firms operate remotely, allowing traders from around the world to participate.

Fees
Most prop firms charge traders an initial fee to cover the evaluation process. This fee can range from a few hundred to a couple of thousand dollars, depending on the account size. In many cases, this fee is refundable if the trader successfully completes the evaluation.

Challenges
Strict Rules: If traders fail to adhere to the firm’s rules (such as daily loss limits or maximum drawdown), they can lose their funded account.
Pressure to Perform: Trading with someone else’s capital can create pressure, which can affect trading decisions and lead to mistakes if not handled well.

Bot Algo Trading in Forex
Algorithmic trading (algo trading) involves using pre-programmed instructions (algorithms) that can automatically execute trades in the Forex market based on specific conditions. These conditions can be price, volume, time, or other market indicators. Algo trading has become increasingly popular in the Forex market due to its ability to:

▪️Execute trades at high speed without the need for human intervention.
▪️Remove emotional biases, which can often lead to poor decision-making in trading.
▪️Test and optimize strategies through backtesting on historical data to ensure effectiveness.
▪️Implement complex strategies that would be difficult for a human to execute manually.

what is a Bot Algo Expert?
A bot algo expert is typically a professional who specializes in developing and optimizing trading algorithms (bots) for Forex markets. They possess skills in coding, often using languages like Python, MQL4/5 (MetaQuotes Language), and other programming languages tailored to financial markets.

The expert focuses on building bots that can:

▪️Identify trading signals based on technical indicators (like moving averages, RSI, Bollinger Bands).
▪️Automatically execute trades when certain criteria are met (such as entering or exiting positions).
▪️Manage risk by setting stop-loss and take-profit orders to minimize potential losses.
▪️Optimize performance by regularly updating the algorithm based on market conditions.

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