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GU is going down, get ready
GBPUSD ·
Thu May 26 05:44:57 UTC 2022
Well the US has had some good news for the last day with all of their news coming out good, even the meeting it gave the dollar some bullish upside; so I’m predicting at least until something else comes in this is headed down. I’ll be scaling on the way down. Entry - 1.25588 TP- 1.25225
Details
GBPUSD 26/05/2022
GBPUSD ·
Thu May 26 05:44:28 UTC 2022
🎯POUND took out the liquidity as predicted in yesterday's analysis. Now it is ready to go hunt sell-side liquidity. The dollar is in pullback (moving up) So GBP can go down. Dave-FX-Hunter ⚔ ✅ Share your thoughts and charts to traders...
Details
EURUSD 26/05/2022
EURUSD ·
Thu May 26 05:41:22 UTC 2022
🎯EURO is now going to make a pullback as the USD is going for a retest. I believe that in this pullback the banks will accumulate more longs and they will be doing in the way so we don't see it so most likely in the Wednesday next week after the COT report so it's not included. So for now I see possibilities for the short. Dave-FX-Hunter ⚔ ✅ Share your thoughts...
Details
Trade Idea on TSLA
TSLA ·
Thu May 26 05:41:09 UTC 2022
NASDAQ:TSLA watch the zone... it depends on where we open tomorrow morning. my bias is we open at the zone. if the market opens weak im looking short and if the market opens strong i wont trade it long. ill wait for it to hit the resistance and trade it short.(just because the overall trend is down) my bias is bearish just because the buyers didnt made the...
Details
GBPUSD Analysis 1/10 RR
GBPUSD ·
Thu May 26 05:36:42 UTC 2022
high risk high reward of 1 to 10 rr. Caught a nice sell here on GBPUSD as price action traded upward to the 4H sellers order block. Got a 5 minute break of structure and entered! Insane trade caught today lets see how many pips this one will catch.
Details
BABA Potential for bearish momentum | 26th May 2022
BABA ·
Thu May 26 05:36:17 UTC 2022
With prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our sell entry at 92.71 where the horizontal swing high resistance is to our take profit at 78.53 in line with the overlap support, 61.8% fibonacci projection and 78.6% fibonacci projection. Alternatively, price may break entry structure and head for stop loss at...
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Economic Calendar
05-2605-2705-2805-2905-30
  • Actual
  • Forecast
  • Prior
  • 02:30
    Building Capital Expenditure (MoM) (Q1)
    -1.7%
    -
    2.2%
  • 02:30
    Plant/Machinery Capital Expenditure (QoQ) (Q1)
    1.2%
    -
    -0.1%
  • 02:30
    Private New Capital Expenditure (QoQ) (Q1)
    -0.3%
    1.5%
    1.1%
  • 08:00
    Turkish Economic Confidence Index (May)
    -
    -
    94.70
  • 08:00
    Quarterly Unemployment Rate (Apr)
    -
    -
    3.8%

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News

National Australia Bank: EUR/USD may peak at 1.08 and test parity in the second half of the year

News Flash26-05 05:48From XTrend Speed
National Australia Bank: EUR/USD may peak at 1.08 and test parity in the second half of the year

According to a Reuters tally, the United States added at least 218,146 new confirmed cases of new coronary pneumonia, bringing the total to 83.7 million, and at least 913 new deaths, bringing the total to 1,004,558.

News Flash26-05 05:41From XTrend Speed
According to a Reuters tally, the United States added at least 218,146 new confirmed cases of new coronary pneumonia, bringing the total to 83.7 million, and at least 913 new deaths, bringing the total to 1,004,558.

Sri Lanka's central bank governor Weerasinghe: Sri Lanka and India are negotiating a roughly $1 billion RBI swap agreement.

News Flash26-05 05:32From XTrend Speed
Sri Lanka's central bank governor Weerasinghe: Sri Lanka and India are negotiating a roughly $1 billion RBI swap agreement.

National Australia Bank: EURUSD may peak at 1.08 and test parity in the second half of the year.

News Flash26-05 05:30From XTrend Speed
National Australia Bank: EURUSD may peak at 1.08 and test parity in the second half of the year.

British Military Intelligence: The Russian Airborne Forces (VDV) have been dragged down by several notable tactical blunders since Russia began operations.

News Flash26-05 05:19From XTrend Speed
British Military Intelligence: The Russian Airborne Forces (VDV) have been dragged down by several notable tactical blunders since Russia began operations.

President of Sri Lanka: Hope to reach an agreement with Japan on bridge financing as soon as possible.

News Flash26-05 05:16From XTrend Speed
President of Sri Lanka: Hope to reach an agreement with Japan on bridge financing as soon as possible.

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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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