GHL FOREX HUB

26/01/2024

Supported by supply concerns triggered by geopolitical risks and inventory data indicating robust demand, WTI crude oil is poised to post its largest weekly gain since October last year.

26/01/2024

[BOJ] December Meeting Minutes: Japan's Economy Expected to Continue Growing and Exceed Expectations

The positive cycle of income and spending will further boost economic growth, with recent inflation slowing due to declining energy prices, less tightness in the labor market, and potential future wage increases.

28/08/2022

“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” “Money is just something you need in case you do not die tomorrow. Let this be a reminder for you not to obsess over profits and losses.

Lets start a new week with positive mind. 💪📉

24/08/2022

ʀᴇᴍɪɴᴅᴇʀ

If it's down 10%, it needs +11% to break even
If it's down 30%, it needs +43% to break even
If it's down 50%, it needs +100% to break even
If it's down 70%, it needs +233% to break even
If it's down 90%, it needs +900% to break even

Control your risk.

22/08/2022

Gold extends decline as rate hike bet boosts the US dollar. The precious metal is set to record another loss for the 6th day after the price dropped further away from 1749.92 support.
This comes as no surprise as the Fed has reiterated its commitment to combating inflation which could likely signal another rate hike at their next policy meeting to be held in September.
Price action has indicated 1715.93 and 1681.00 as key levels for any bullish reversal

20/08/2022

Take a pen and paper and read slowly.

What is needed to become and expert in basically any field?

Not only do we need 10,000 hours of continuous repetition but we also need 4 other things.

1. Many Repeated attempts with feedback.

Chess masters play 1,000 games to reach a skill level. Same to tennis players.

Even traders. To begin to see a particular pattern you have to practice like a fighter and JOURNAL all those times you have failed and passed to get accurate data.

2. Valid Environment.

This is where there are regulations which make it at least PREDICTABLE.

Whereas the forex market is largely regulated, but it's highly unpredictable.

That's why you need to have a specific pattern which you look for to make it predictable for you in the long run.

Are you following?

3. TIMELY FEEDBACK.

Even when there are patterns, you need alot of time to learn them.

We have delayed feedback and immediate feedback.

However, as traders we have delayed feedbacks because of our own ego which prevents us from acknowledging the feedback from our losses.

Hence by just talking to you I can predict whether you will make it in this market or you will keep losing.

Because most people are not willing to learn and accept they are wrong.

Hence they will keep on repeating the same mistakes over and over.

4. Don't get too comfortable after mastery.

To become and expert you have to step out of your comfort zone.

You have to backtest alot of info.

You have to self analyze and note your pattern of losing as carefully as possible.

Because if you keep losing and you don't understand why you are losing despite having a winning system.

Then it's time to pause and think.

Remember you are a long life student in this field.

18/08/2022

🔸 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗺𝗼𝘃𝗶𝗻𝗴 𝗮𝘃𝗲𝗿𝗮𝗴𝗲?

If you have been in the market for some time, you may have heard of an indicator called the “moving average”. Today we are going to take a deeper look at the indicator, along with a few examples of how pros use it. This post will also lay the groundwork for future posts about more advanced moving average topics.

Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading!

🔹 𝗧𝗵𝗲 𝗽𝗼𝘀𝘁 𝘄𝗶𝗹𝗹 𝘀𝗵𝗲𝗱 𝘀𝗼𝗺𝗲 𝗹𝗶𝗴𝗵𝘁 𝗼𝗻 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝘁𝗼𝗽𝗶𝗰𝘀:
- What is a moving average?
- How does moving average work?
- Correct usage along with exhibits

🔸 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻

A moving average (MA) is a technical indicator that is commonly used to determine the direction of the trend. By continuously recalculating the average based on the most recent price data, a moving average assists in smoothing out the price data. This helps in reducing the impacts of random short-term variations of the price over a given period of time.

🔹 𝗪𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝘃𝗶𝗻𝗴 𝗮𝘃𝗲𝗿𝗮𝗴𝗲𝘀

- Moving averages are typically calculated to determine the direction of the trend and are sometimes used as dynamic support and resistance levels for a given time period.

- Since a moving average is derived using historical prices, it is a lagging indicator.

- The lag increases with the length of the moving average. As a result, a 200-period moving average (which includes prices for the previous 200 periods), will lag significantly behind a 100-period MA.

🔸 𝗨𝘀𝗮𝗴𝗲

- Faster moving averages are typically employed for short-term trading, while slower moving averages are more often utilized for understanding longer-term market dynamics.

- Moving averages are applicable to all time frames. Therefore, experimenting and testing several settings over a range of time frames is the best approach to determine which one works for you.

- Likewise, a moving average with a shorter period (faster MA) will be more sensitive to price changes as compared to a slower one.

- A rising moving average indicates strength, while a falling moving average indicates weakness. Hence, in general, a stock is said to be in an uptrend if its moving average is increasing, whereas in a downtrend if MA is decreasing.

- In general, a stock may show bullish momentum if there is a bullish crossover, i.e. when a faster moving average crosses above a slower moving average.

- Conversely, bearish momentum may be expected on a bearish crossover, which occurs when a slower-moving average crosses below a faster-moving average.

Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use.

Hope this was helpful! 🙂

15/08/2022

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23/07/2022

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21/07/2022

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20/07/2022

's smashed through stubborn resistance on Tuesday — hitting $23,500 for the first time since early June. 🙏