MENU

Support

XTrend Speed - STrader

STrader

XTrend Speed - MT4

MT4

Analysis and Education

Selected Ideas

Gold Dump
XAUUSD ·
Wed Sep 28 07:15:24 UTC 2022
Stronger Dollar weighing negatively on dollar priced gold
Details
OPEC+ may cut supply to stem oil price drop on Oct. 5th
USOIL ·
Wed Sep 28 07:13:28 UTC 2022
there are reports circulating that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may take action to stem the drop in prices by cutting supply. The group meets to set policy on October 5. keep an eye on the 5th of October to know supply will cut or not in addition, A slightly softer U.S. Dollar is also helping to create demand...
Details
EURUSD SELLS
EURUSD ·
Wed Sep 28 07:13:16 UTC 2022
Simple Triangle Can EURUSD go deeper? Lets find out Simple Triangle Formation .
Details
USDCHF Potential for Bullish Momentum
USDCHF ·
Wed Sep 28 07:09:21 UTC 2022
On H4, with the price moving above the ichimoku cloud and ascending trend, we have a bullish bias that the price may pullback to our buy entry at 0.9854 where the 23.6% retracement sits to take profit at 0.99776 where the 100% projection and 127.2% extension sits. Our stop loss is placed at 0.9756 levels where the previous swing low sits Please be advised that...
Details
EUR USD SHORT
EURUSD ·
Wed Sep 28 07:08:53 UTC 2022
OANDA:EURUSD entry 0.95630 sl 0.95710 tp 0.95130
Details
XAUUSD Potential for Bearish Momentum
XAUUSD ·
Wed Sep 28 07:08:21 UTC 2022
On H4, with the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the sell entry at 1652.219, which is in line with the 23.6% Fibonacci retracement to the take profit at 1612.038, where the 100% Fibonacci projection and 61.8% Fibonacci projection are. Alternatively, the price may rise to the stop loss at...
Details

More…

Economic Calendar
09-2809-2909-3010-0110-02
  • Actual
  • Forecast
  • Prior
  • 07:00
    GfK German Consumer Climate (Oct)
    -42.5
    -39.0
    -36.5
  • 07:45
    French Consumer Confidence (Sep)
    79
    80
    82
  • 09:00
    Italian Business Confidence (Sep)
    -
    102.1
    104.3
  • 09:00
    Italian Consumer Confidence (Sep)
    -
    95.8
    98.3
  • 09:00
    ZEW Expectations (Sep)
    -
    -
    -56.3

More…

News

[Market] The Spanish IBEX35 index is about to enter a bear market.

News Flash28-09 07:19From XTrend Speed
[Market] The Spanish IBEX35 index is about to enter a bear market.

Market news: Credit risk on German bonds rose to highest level since 2012.

News Flash28-09 07:19From XTrend Speed
Market news: Credit risk on German bonds rose to highest level since 2012.

ECB President Lagarde: Energy prices have been the main driver of inflation in Europe.

News Flash28-09 07:18From XTrend Speed
ECB President Lagarde: Energy prices have been the main driver of inflation in Europe.

USGS: 5.0-magnitude earthquake near Reykjavik Ridge.

News Flash28-09 07:09From XTrend Speed
USGS: 5.0-magnitude earthquake near Reykjavik Ridge.

[Reminder] European Central Bank President Lagarde will speak ten minutes later on geoeconomic issues in the United States and Europe.

News Flash28-09 07:05From XTrend Speed
[Reminder] European Central Bank President Lagarde will speak ten minutes later on geoeconomic issues in the United States and Europe.

[Market] EURUSD fell 0.45% within a day, and is now at 0.9551, continuing to brush a new low in 20 years.

News Flash28-09 07:04From XTrend Speed
[Market] EURUSD fell 0.45% within a day, and is now at 0.9551, continuing to brush a new low in 20 years.

More…

  • 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.

More…