Hey everyone, just wanted to update you on some major movements in the oil market that could impact your trading strategies. Oil futures are down over 6% this week, marking the biggest decline since early September. This drop is largely due to China’s economic slowdown and reduced global oil demand forecasts from OPEC and the International Energy Agency. Brent crude is now trading around $73.56, and U.S. crude is at $69.72. China has also implemented stimulus measures, injecting 800 billion yuan into their markets, but concerns about demand recovery remain. Additionally, tensions in the Middle East are still being monitored, which could create sudden price spikes. Stay alert to these changes as they could lead to short-term opportunities, especially in commodities trading. **Source : https://www.reuters.com/business/energy/oil-edges-up-track-biggest-weekly-loss-over-month-2024-10-18/

One day, I’ll drop some deep insights on all things trading probabilities… but for now, I’ve got a question for you 😁 Are you more into high win rates, or do you live by the risk/reward ratio? 🤔 And when those negative strikes come knocking, how do you manage to keep calm and stick to your strategy? 😅 I’d love to hear your thoughts in the comments! 💬👇

In the chart above, the green zone represents a strong buy area that we’re focusing on. This zone is based on past price action and is not related to the 200 EMA, but rather a key support zone where we expect buyers to step in. Here’s how we approach this zone: 1. Strong Buy Zone: The green highlighted area is where the price has historically seen significant buying pressure, making it a high-probability area to watch for potential long trades. 2. Bullish Momentum Confirmation: Instead of entering the trade immediately when price hits the zone, we wait for the creation of a bullish momentum zone. This means we want to see the price form a clear bullish structure (such as a series of higher lows and strong bullish candles) that confirms buyers are indeed stepping in. This approach helps us avoid false signals and ensures we are trading in line with market momentum. 3. Trade Entry: Once the bullish momentum zone is formed, we look for a confirmed entry. This could be a breakout of a consolidation pattern or the formation of a bullish engulfing candle, signaling the start of an upward move. 4. Risk Management: Always manage your risk by placing your stop loss below the buy zone, ensuring that if the trade goes against us, we exit with minimal losses. Our target can be set based on the next resistance level or a key market structure.

Hey everyone! 👋 I am back with a new question 😁, what’s one strategy or tool you’ve recently started using that’s made a difference in your trading or investments? How has it changed the way you operate? I’d love to hear your experiences😄

Hi everyone ,I am back with a new question🤗 , in your experience, how have your emotions affected your trading decisions, and do you think having a solid technical strategy can compensate for poor trading psychology? In other words is trading psychology more important than technical analysis in achieving long-term success in trading? And happy weekend 🤩