โโ#TradingEducation
๐๐๐๐ ๐ฒ๐จ๐ฎ ๐ฅ๐๐ญ๐๐ซ, ๐๐ฅ๐ฅ๐ข๐ ๐๐ญ๐จ๐ซ!
The alligator a great forex indicator for scalpers, especially when it comes to finding stable trend conditions. Its purpose is to determine the trend and its direction, and filter good signals from bad ones, thus avoiding a range-bound market that can lead to losses.
The indicator consists of 3 moving averages shifted towards the future:
๐ฆThe alligator's jaw (blue line) is a smoothed moving average with a period of 13, shifted 8 bars into the future.
๐ฅAlligator teeth (red line) is a smoothed 8-period moving average moved 5 bars into the future.
๐ฉAlligator's lips (green line) is a 5-period smoothed moving average moved 3 bars into the future.
As long as the alligator line remains tangled and straight, trend conditions can be considered confirmed. The RSI indicator with a high frequency (short calculation period) is used to find as many trading opportunities as possible within a trend.
๐๐จ๐ฐ ๐ญ๐จ ๐ญ๐ซ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ฅ๐ฅ๐ข๐ ๐๐ญ๐จ๐ซ ๐ข๐ง๐๐ข๐๐๐ญ๐จ๐ซ?๐ค
1๏ธโฃCheck that the alligator is trading above 200-SMA.
2๏ธโฃLook at the RSI, it should move below the 30 level.
3๏ธโฃOpen the long trade on the first bullish candlestick after RSI falls below 30.
4๏ธโฃClose the trade at the closing price of the first bearish candle.
Now youโre a pro! Use this indicator to improve your trade!
๐ LEARN ABOUT THE ALLIGATOR TRADING STRATEGY
๐๐๐๐ ๐ฒ๐จ๐ฎ ๐ฅ๐๐ญ๐๐ซ, ๐๐ฅ๐ฅ๐ข๐ ๐๐ญ๐จ๐ซ!
The alligator a great forex indicator for scalpers, especially when it comes to finding stable trend conditions. Its purpose is to determine the trend and its direction, and filter good signals from bad ones, thus avoiding a range-bound market that can lead to losses.
The indicator consists of 3 moving averages shifted towards the future:
๐ฆThe alligator's jaw (blue line) is a smoothed moving average with a period of 13, shifted 8 bars into the future.
๐ฅAlligator teeth (red line) is a smoothed 8-period moving average moved 5 bars into the future.
๐ฉAlligator's lips (green line) is a 5-period smoothed moving average moved 3 bars into the future.
As long as the alligator line remains tangled and straight, trend conditions can be considered confirmed. The RSI indicator with a high frequency (short calculation period) is used to find as many trading opportunities as possible within a trend.
๐๐จ๐ฐ ๐ญ๐จ ๐ญ๐ซ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ฅ๐ฅ๐ข๐ ๐๐ญ๐จ๐ซ ๐ข๐ง๐๐ข๐๐๐ญ๐จ๐ซ?๐ค
1๏ธโฃCheck that the alligator is trading above 200-SMA.
2๏ธโฃLook at the RSI, it should move below the 30 level.
3๏ธโฃOpen the long trade on the first bullish candlestick after RSI falls below 30.
4๏ธโฃClose the trade at the closing price of the first bearish candle.
Now youโre a pro! Use this indicator to improve your trade!
๐ LEARN ABOUT THE ALLIGATOR TRADING STRATEGY
โ#MarketNews
๐ฅUS500 and US100 are up for the second day in a row. It seems that investors evaluated economic threats and scaled back expectations for inflation and interest rate hikes.
๐ธThe US dollar index is a bit down, although still near highs. USDJPY returned below 135.00. USDCHF is at support around 0.9600.
๐ขOil is at the lowest levels since May 19 on the concerns about the global economy. XBRUSD closed below 107.00 yesterday.
๐บBTCUSD approached 21 000.
๐กGold declined on Thursday and may slide to 1815 today.
๐Data from the US confirms the marketโs fears. Unemployment claims hovered near a 5-week high and manufacturing and services cooled. If the figures keep worsening, the Fed may have to slow down rate hikes. This should pull the USD down.
๐Coming next:
11:00 MT time - German ifo Business Climate๐ช๐บ
14:30 MT time - RBA Gov Lowe Speaks๐ฆ๐บ,
FOMC Member Bullard Speaks๐บ๐ฒ
17:00 MT time - Revised UoM Consumer Sentiment๐บ๐ฒ
Trade with profit this Friday! What are your ideas? Share in the comments!
๐ฅUS500 and US100 are up for the second day in a row. It seems that investors evaluated economic threats and scaled back expectations for inflation and interest rate hikes.
๐ธThe US dollar index is a bit down, although still near highs. USDJPY returned below 135.00. USDCHF is at support around 0.9600.
๐ขOil is at the lowest levels since May 19 on the concerns about the global economy. XBRUSD closed below 107.00 yesterday.
๐บBTCUSD approached 21 000.
๐กGold declined on Thursday and may slide to 1815 today.
๐Data from the US confirms the marketโs fears. Unemployment claims hovered near a 5-week high and manufacturing and services cooled. If the figures keep worsening, the Fed may have to slow down rate hikes. This should pull the USD down.
๐Coming next:
11:00 MT time - German ifo Business Climate๐ช๐บ
14:30 MT time - RBA Gov Lowe Speaks๐ฆ๐บ,
FOMC Member Bullard Speaks๐บ๐ฒ
17:00 MT time - Revised UoM Consumer Sentiment๐บ๐ฒ
Trade with profit this Friday! What are your ideas? Share in the comments!
โโ๐ #US500
๐ Bullish divergence spotted on daily timeframe. The US stock market is likely to go higher now, giving relief to US500 and crypto traders
โ You can buy now and close the part of your order at the resistance of 3890. Then, make your trade risk free (move the stop loss) and wait for the touch of the 4000-4140 area
โ ๏ธScenario will be canceled if US500 falls below the 3650 line
๐ฉ START TRADING ๐ฉ
๐ Bullish divergence spotted on daily timeframe. The US stock market is likely to go higher now, giving relief to US500 and crypto traders
โ You can buy now and close the part of your order at the resistance of 3890. Then, make your trade risk free (move the stop loss) and wait for the touch of the 4000-4140 area
โ ๏ธScenario will be canceled if US500 falls below the 3650 line
๐ฉ START TRADING ๐ฉ
โโโฝ๏ธ #XNGUSD
๐ Gas broke through the crucial resistance line and headed lower.
We gave the trade idea in spring and since that Gas gave us more than 2500 points of profit ๐ฅ
๐The next level lies at 5.650, and that would be the final stop for the Gas as the long consolidation is likely to start here
If you haven't entered the trade earlier, you can do it now, but the stop loss will be far
โ Entry: 6.345
โ ๏ธ Stop loss: 7.030
๐ค Take profit: 5.650-5.700
Be careful; most of the movement has passed. This trade is riskier.
๐ฅ SELL XNGUSD ๐ฅ
๐ Gas broke through the crucial resistance line and headed lower.
We gave the trade idea in spring and since that Gas gave us more than 2500 points of profit ๐ฅ
๐The next level lies at 5.650, and that would be the final stop for the Gas as the long consolidation is likely to start here
If you haven't entered the trade earlier, you can do it now, but the stop loss will be far
โ Entry: 6.345
โ ๏ธ Stop loss: 7.030
๐ค Take profit: 5.650-5.700
Be careful; most of the movement has passed. This trade is riskier.
๐ฅ SELL XNGUSD ๐ฅ
โConfirmed vs Unconfirmed Patterns๐ค
When it comes to patterns, make sure that they are confirmed!
Letโs look at the examples and compare two pairs of patterns.
1๏ธโฃOn the top left picture, we see three confirmations for a โBUYโ signal: the price has completed the corrective movement; a higher low has formed; the direction of the signal coincides with the general trend direction. Then the price continued the uptrend.
โ๏ธOn the top right picture, the pattern is false for two reasons: first, it was against the overall trend, but before entering the reversal setups, waiting for a retest is crucial! And second, a lower high and a lower low have formed.
2๏ธโฃ On the bottom left, the โSELLโ signal is confirmed by four things: overall downtrend; completed correction phase; an important resistance level; and lower high. The price then continued its downtrend.
โ๏ธ However, on the bottom right, the pattern is false. The signal is against the overall trend, higher high is formed, and the resistance zone is broken.
Donโt underestimate these main confirmations while trend trading:
-Compliance with the overall trend.
-Lower/higher highs/lows.
-The presence of a support / resistance zones.
-Fibonacci levels.
-Trend lines.
๐๐ปAlways double confirm the trend, and donโt rush!
Read more: https://bit.ly/3Nxb97r
When it comes to patterns, make sure that they are confirmed!
Letโs look at the examples and compare two pairs of patterns.
1๏ธโฃOn the top left picture, we see three confirmations for a โBUYโ signal: the price has completed the corrective movement; a higher low has formed; the direction of the signal coincides with the general trend direction. Then the price continued the uptrend.
โ๏ธOn the top right picture, the pattern is false for two reasons: first, it was against the overall trend, but before entering the reversal setups, waiting for a retest is crucial! And second, a lower high and a lower low have formed.
2๏ธโฃ On the bottom left, the โSELLโ signal is confirmed by four things: overall downtrend; completed correction phase; an important resistance level; and lower high. The price then continued its downtrend.
โ๏ธ However, on the bottom right, the pattern is false. The signal is against the overall trend, higher high is formed, and the resistance zone is broken.
Donโt underestimate these main confirmations while trend trading:
-Compliance with the overall trend.
-Lower/higher highs/lows.
-The presence of a support / resistance zones.
-Fibonacci levels.
-Trend lines.
๐๐ปAlways double confirm the trend, and donโt rush!
Read more: https://bit.ly/3Nxb97r
โHistory repeats itself๐
The last time the US Federal Reserve raised interest rates by 75 basis points, there was a Democratic president in his second year in office, and the stock market had just enjoyed two booming years of solid gains. It's not much different than now, except that in 1994, there were no growing fears of a recession, and there was no terrifying, uncontrollable inflation.
How were things different in 1994 and how is the Fed trying to behave now?
Read this article to learn more: https://bit.ly/3yfeKSW
The last time the US Federal Reserve raised interest rates by 75 basis points, there was a Democratic president in his second year in office, and the stock market had just enjoyed two booming years of solid gains. It's not much different than now, except that in 1994, there were no growing fears of a recession, and there was no terrifying, uncontrollable inflation.
How were things different in 1994 and how is the Fed trying to behave now?
Read this article to learn more: https://bit.ly/3yfeKSW
โ#MarketNews
Happy Monday, dear traders! Are you ready for this week?
We hope your weekend was great, and here is some news you need to know now:
๐กThe US, the UK, Japan, and Canada are also
planning to announce a ban on new gold imports from Russia during the G7 summit. Prices for the yellow metal rose, XAUUSD is $1837.
๐ขXBRUSD is growing, itโs around $109 per barrel at the moment. Some improvements in the Chinese economy amid the easing of Covid restrictions could improve attitudes toward raw materials. In addition, the G7 is considering what to do with Russian oil.
๐ท๐บRussia has defaulted on its sovereign foreign-currency debt for the first time since 1918, due to the consequences of harsh Western sanctions shutting down payment channels.
โข๏ธIn cryptocurrencies, bitcoin and some other tokens weakened slightly, but the largest virtual coin held above $21,000.
๐The S&P 500 rose over 3% on Friday and gained over 6% on the week, marking the second-best week of the year and the first weekly advance since the end of May.
โ๏ธDonโt miss Nike earnings report later today!
Have a profitable day!
Happy Monday, dear traders! Are you ready for this week?
We hope your weekend was great, and here is some news you need to know now:
๐กThe US, the UK, Japan, and Canada are also
planning to announce a ban on new gold imports from Russia during the G7 summit. Prices for the yellow metal rose, XAUUSD is $1837.
๐ขXBRUSD is growing, itโs around $109 per barrel at the moment. Some improvements in the Chinese economy amid the easing of Covid restrictions could improve attitudes toward raw materials. In addition, the G7 is considering what to do with Russian oil.
๐ท๐บRussia has defaulted on its sovereign foreign-currency debt for the first time since 1918, due to the consequences of harsh Western sanctions shutting down payment channels.
โข๏ธIn cryptocurrencies, bitcoin and some other tokens weakened slightly, but the largest virtual coin held above $21,000.
๐The S&P 500 rose over 3% on Friday and gained over 6% on the week, marking the second-best week of the year and the first weekly advance since the end of May.
โ๏ธDonโt miss Nike earnings report later today!
Have a profitable day!
โโ๐ถ #EURUSD ๐ต
๐บThe pair is moving inside the ascending triangle. Although it's bullish for the price, we need to wait for the breakout to confirm the movement
You have two options right now
1๏ธโฃ Wait for the breakout of the 1.0600 level and buy EURUSD when the pair closes the H4 candle above the resistance. The target would be 1.0660
2๏ธโฃ Bearish scenario. Wait for the bounce from the resistance and sell when EURUSD breaks through the support trendline (blue line). The target would be 1.0510
๐ญ What do you think about EURUSD?
๐บThe pair is moving inside the ascending triangle. Although it's bullish for the price, we need to wait for the breakout to confirm the movement
You have two options right now
1๏ธโฃ Wait for the breakout of the 1.0600 level and buy EURUSD when the pair closes the H4 candle above the resistance. The target would be 1.0660
2๏ธโฃ Bearish scenario. Wait for the bounce from the resistance and sell when EURUSD breaks through the support trendline (blue line). The target would be 1.0510
๐ญ What do you think about EURUSD?
โโ๐บ๐ธ #USDCAD ๐จ๐ฆ
๐ป Head and Shoulders pattern is working out great. Now we can expect a retest of the ยซNecklineยป and a further decrease in the pair
โ You can enter now (1:1 risk-reward ratio) or wait for the pair to go higher (1:2 R-R ratio)
โ ๏ธ Stop loss is in the picture
๐ฅ SELL USDCAD ๐ฅ
๐ป Head and Shoulders pattern is working out great. Now we can expect a retest of the ยซNecklineยป and a further decrease in the pair
โ You can enter now (1:1 risk-reward ratio) or wait for the pair to go higher (1:2 R-R ratio)
โ ๏ธ Stop loss is in the picture
๐ฅ SELL USDCAD ๐ฅ
โโ#TradingEducation
๐งDo you know the best ways to work with trends?
If a trader understands how to define trends, they will most likely have few problems opening a position. A trader needs to have a clear strategy for riding trends to increase the chances of successful trading. FBS analysts prepared for you an ultimate guide how to follow and trade trends! Check it out โก๏ธ
๐https://bit.ly/39Ug0BN ๐
๐งDo you know the best ways to work with trends?
If a trader understands how to define trends, they will most likely have few problems opening a position. A trader needs to have a clear strategy for riding trends to increase the chances of successful trading. FBS analysts prepared for you an ultimate guide how to follow and trade trends! Check it out โก๏ธ
๐https://bit.ly/39Ug0BN ๐
What do you expect in new weekly market analysis?
Anonymous Poll
19%
Indices
66%
Gold
38%
EURUSD
8%
Stocks
31%
GBPUSD
โ#MarketNews
๐ US equity futures and Asian stocks turned higher Tuesday on signs that China is moving toward less strict Covid protocols. US500 turned up from 3885.
๐จ๐ณ HK50 retested 22 400, though indicators show itโs overbought in the short term. According to Bloomberg, Chinese stocks approach a bull market. Disneyland will reopen in China on June 30.
๐ฃ G7 summit continues. The leaders of the block are set to instruct ministers to explore implementing a price cap on Russian gas and mention a mechanism to cap prices on Russian oil in the final communique.
๐ข Oil is rising for the third day in a row. XBRUSD rose above 112.00. Goldman Sachs keeps saying that oil prices will climb to $140 a barrel this summer.
๐ผ Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs boosted dividends. JPMorgan Chase and Citigroup decided to keep their dividend unchanged. You can trade bank stocks with FBS!
๐ Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program. The stock jumped in the after-hours session. Resistance is at 118.00.
๐Upcoming events
11:00 MT time โ ECB President Lagarde speaks๐ช๐บ
17:00 MT time โ CB Consumer Confidence๐บ๐ฒ
๐ฌ What's up? Share your trade ideas in the comments!
๐ US equity futures and Asian stocks turned higher Tuesday on signs that China is moving toward less strict Covid protocols. US500 turned up from 3885.
๐จ๐ณ HK50 retested 22 400, though indicators show itโs overbought in the short term. According to Bloomberg, Chinese stocks approach a bull market. Disneyland will reopen in China on June 30.
๐ฃ G7 summit continues. The leaders of the block are set to instruct ministers to explore implementing a price cap on Russian gas and mention a mechanism to cap prices on Russian oil in the final communique.
๐ข Oil is rising for the third day in a row. XBRUSD rose above 112.00. Goldman Sachs keeps saying that oil prices will climb to $140 a barrel this summer.
๐ผ Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs boosted dividends. JPMorgan Chase and Citigroup decided to keep their dividend unchanged. You can trade bank stocks with FBS!
๐ Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program. The stock jumped in the after-hours session. Resistance is at 118.00.
๐Upcoming events
11:00 MT time โ ECB President Lagarde speaks๐ช๐บ
17:00 MT time โ CB Consumer Confidence๐บ๐ฒ
๐ฌ What's up? Share your trade ideas in the comments!
โ#Education
ABC of Rollover๐
Are you ready for some informative content? Letโs go! ๐
When a person opens and closes a position within one day, they donโt have to pay additional interest. However, if they choose to hold the position open overnight, they need to consider the Forex rollover.
Rollover is a process when the position is held open overnight. When that happens, the interest rates of the currencies in the FX pair are counted against each other. Depending on the interest rates, the trader is either credited or charged a particular sum. The sum the trader can gain or lose due to rollover is called swap. The rollover may result in swap benefits or swap charges, depending on the interest rate differentials. Swap rate is the interest rate of one currency in the pair minus the interest rate of the other one. Which currency you subtract from depends on the kind of trade you open: long or short.
Long trade (or bullish trade) is basically when you make a purchase with the expectation the currency you bought will go up in value, and you will profit from this. Short trade (or bearish trade) is the opposite: you sell the currency pair with the expectation to profit from it losing in value. So, if in the EURUSD pair you are going long (buying euro and selling the US dollar), to calculate the swap, you subtract the dollar interest rate from the euro interest rate. If you're going short, you subtract the euro interest rate from the dollar interest rate.
โช๏ธYou can also see the current Swap Long and Swap Short figures for a specific pair in your trading platform. In MetaTrader, click the right mouse button on the currency pair and choose Specification. You might need to scroll down in the window that opens.
โช๏ธThe triple Swap, or 3-day Swap, happens on Wednesday because most instruments need two business days to be settled (for all the financial transactions to be completed). So, if you open a position on Wednesday, it will be settled on Friday. If you roll the Wednesday position over to Thursday, the Swap rate will also account for rolling the position over the weekend โ thus the triple rate.
โช๏ธSome brokers recognize that the Islamic faith prohibits its followers from receiving or paying interest and create special conditions for them. For example, the FBS has a swap-free option for Muslim clients who also want to enjoy trading and hold positions open overnight but cannot pay or receive swap interests on their positions.
Do you practice Rollovers? Share your experience in the comments!๐
ABC of Rollover๐
Are you ready for some informative content? Letโs go! ๐
When a person opens and closes a position within one day, they donโt have to pay additional interest. However, if they choose to hold the position open overnight, they need to consider the Forex rollover.
Rollover is a process when the position is held open overnight. When that happens, the interest rates of the currencies in the FX pair are counted against each other. Depending on the interest rates, the trader is either credited or charged a particular sum. The sum the trader can gain or lose due to rollover is called swap. The rollover may result in swap benefits or swap charges, depending on the interest rate differentials. Swap rate is the interest rate of one currency in the pair minus the interest rate of the other one. Which currency you subtract from depends on the kind of trade you open: long or short.
Long trade (or bullish trade) is basically when you make a purchase with the expectation the currency you bought will go up in value, and you will profit from this. Short trade (or bearish trade) is the opposite: you sell the currency pair with the expectation to profit from it losing in value. So, if in the EURUSD pair you are going long (buying euro and selling the US dollar), to calculate the swap, you subtract the dollar interest rate from the euro interest rate. If you're going short, you subtract the euro interest rate from the dollar interest rate.
โช๏ธYou can also see the current Swap Long and Swap Short figures for a specific pair in your trading platform. In MetaTrader, click the right mouse button on the currency pair and choose Specification. You might need to scroll down in the window that opens.
โช๏ธThe triple Swap, or 3-day Swap, happens on Wednesday because most instruments need two business days to be settled (for all the financial transactions to be completed). So, if you open a position on Wednesday, it will be settled on Friday. If you roll the Wednesday position over to Thursday, the Swap rate will also account for rolling the position over the weekend โ thus the triple rate.
โช๏ธSome brokers recognize that the Islamic faith prohibits its followers from receiving or paying interest and create special conditions for them. For example, the FBS has a swap-free option for Muslim clients who also want to enjoy trading and hold positions open overnight but cannot pay or receive swap interests on their positions.
Do you practice Rollovers? Share your experience in the comments!๐
FBS Analytics
โโ๐ถ #EURUSD ๐ต ๐บThe pair is moving inside the ascending triangle. Although it's bullish for the price, we need to wait for the breakout to confirm the movement You have two options right now 1๏ธโฃ Wait for the breakout of the 1.0600 level and buy EURUSD whenโฆ
๐ EURUSD is moving exactly as we expected, the 1.0510 is closer than you think
โ๐บ๐ธ#US100 #US500
๐ฅUS indices keep declining!
US500 retested the global rising channel from below and bounced back. At the moment the price is heading towards the support level at 3515.
๐ฏAt the same time, US100 is declining towards 10 800!
๐ฉ START TRADING ๐ฉ
๐ฅUS indices keep declining!
US500 retested the global rising channel from below and bounced back. At the moment the price is heading towards the support level at 3515.
๐ฏAt the same time, US100 is declining towards 10 800!
๐ฉ START TRADING ๐ฉ
โ๏ธ Morning, traders! Today will be an extremely volatile session. Hereโs what you should know to trade better:
๐ข OPEC members will meet today and speculate on oil surplus. Oil is likely to reach the $111.00 level on rumors about a supply increase
๐ ECB president Lagarde, Fed chair Powell and BOE governor Bailey will hold three separate speeches at 16:30 GMT+3. They will talk about inflation, economic growth, and upcoming threats. Expect sharp moves in Forex majors
๐จ๐ณ China may launch more monetary support and fiscal stimulus at an early date to boost domestic demand
๐ฏ๐ต BoJโs Kuroda: Japanese economy has not been much impacted by the trend toward global inflation; thus, monetary policy will continue to be accommodating. This is somewhat bearish for the Yen that is already weak
๐ทโโ๏ธ Elon Musk forced his employees to return to the office from remote work. Unfortunately, since the pandemic started, his companies hired much more people than his offices are able to fit
๐ฅ Gold broke through the support trendline (and almost reached our first target). It may slide more today in case of hawkish tones from Powell
๐ญ What stock do you trade more often? Letโs chat!
๐ข OPEC members will meet today and speculate on oil surplus. Oil is likely to reach the $111.00 level on rumors about a supply increase
๐ ECB president Lagarde, Fed chair Powell and BOE governor Bailey will hold three separate speeches at 16:30 GMT+3. They will talk about inflation, economic growth, and upcoming threats. Expect sharp moves in Forex majors
๐จ๐ณ China may launch more monetary support and fiscal stimulus at an early date to boost domestic demand
๐ฏ๐ต BoJโs Kuroda: Japanese economy has not been much impacted by the trend toward global inflation; thus, monetary policy will continue to be accommodating. This is somewhat bearish for the Yen that is already weak
๐ทโโ๏ธ Elon Musk forced his employees to return to the office from remote work. Unfortunately, since the pandemic started, his companies hired much more people than his offices are able to fit
๐ฅ Gold broke through the support trendline (and almost reached our first target). It may slide more today in case of hawkish tones from Powell
๐ญ What stock do you trade more often? Letโs chat!