Discussions among the group Trading Forex With Zi Cheng

TRADE Selling TRADE IDEA

Kashif Hussain

TRADE Selling TRADE IDEA In my view, the US30 has touched the last resistance level at the 37370. When you find any rejection candles or price rejections at the Resistance area, you can place a sell trade. Key Level: Support: 37140 Resistance: 37364 The key Selling level Entry Point: 37353 Stop Loss:37440 Take Profit:37134

Join My Weekly Psychology Session!

fong zi cheng

https://www.trading.live/en/fongzicheng/live/932798492797919724

My Personal Fastbull Page

fong zi cheng

I have my own FastBull page right now where I publish weekly articles. Link : https://www.fastbull.com/author/zi-cheng-259_0

FOMC Interest Rate Release

fong zi cheng

FOMC is going to release their last interest rate adjustment for the year 2023. Economist is expecting the FED to keep rates the same again. It is better to stay out of the markets at such high impact events. It will be happening at 3 P.M New York Time.

To all my members, I will be hosting a live stream on one of the ICT Concepts : SMT Divergence. Hope to see all of you there!

fong zi cheng

Is it a must to use indicator in your trading strategy?

fong zi cheng

No, using indicators is not a must in a trading strategy. Traders employ various approaches, including those based on price action, chart patterns, and fundamental analysis. The effectiveness of a strategy depends on multiple factors, and some traders may choose not to use indicators at all, preferring a more discretionary approach. It's important to find a strategy that aligns with your trading style and objectives.

Christmas is around the corner, is it a good time to trade?

fong zi cheng

By the second half of December, trading activity slows down again, much like in August. The few weeks before and after Christmas are the slowest, and it's not until mid-January that the markets start to pick up again.

Demonstrated Live OTE Examples On My Live Stream

fong zi cheng

Entry at 78.6% level. Price ran up 2.5RR in profits and head to break even.

Does meditation help you get better in trading?

fong zi cheng

Meditation can potentially offer several benefits that might positively impact trading and decision-making. Here are some ways in which meditation might be beneficial for traders: 1) Stress Reduction: Trading can be highly stressful, and stress can impair decision-making. Regular meditation has been shown to reduce stress and promote a sense of calm, which can be beneficial for maintaining composure during market fluctuations. 2) Improved Focus and Concentration: Meditation practices often invol

Any ICT traders in my community?

fong zi cheng

Best way to identify trend for beginners

fong zi cheng

The 200 Day Moving Average is one of the best indicators for beginners to determine trend. If price is above the moving average, it is an uptrend. If price is below the moving average, it is a downtrend!

Any MACD traders here in my community?

fong zi cheng

Is this you?

Is it a must to use indicators to trade Forex?

fong zi cheng

The answer is NO! If you are not an expert, sometimes you would even get confused by the signals generated from the indicators, I have seen tons of beginner traders that love to use multiple indicators in their charts. This is totally not recommended. You must remember indicators are lagging, they only move once the price has finished its move, it is always behind the price. It is better if you learn up price action so you do not have to rely on indicators. This doesnt mean that indicators are t

AUDJPY Signal 1:5 RR TP Hit!

fong zi cheng

This analysis was given out on the November 21. Reasons for entry: 1) AUDJPY is a strong uptrend, only looking for buys. 2) Previous price action formed a huge imbalance and waiting for price to come down to fill it. 3) Price did a huge retracement and fill the imbalance, short term downtrend. 4) Waited for the price to break out of the retracement and look for buys after the retest. 5) Target the previous high.

How to deal with losing streaks?

fong zi cheng

Experiencing a losing streak in forex trading can be challenging both emotionally and financially. Here are some tips on how to deal with losing streaks and manage your trading mindset: 1) Stay Calm and Objective: It's essential to stay calm and avoid making impulsive decisions based on emotions. Emotional decisions can lead to further losses. 2) Review Your Trading Strategy: Analyze your trading strategy to identify if there are any flaws or areas for improvement. Consider whether the market co

Trading Week Preparation

fong zi cheng

I have received plenty of request regarding how do I prepare for my trading week. Here are some tips and tricks from me: 1) Fastbull.com Before the start of my trading week, which is Sunday, I will head to fastbull.com to look at the news releases for the week and decide which are the days I should trade and the days I should not. 2) Revise Strategy Before the start of my trading week, I will go through my trading rules once again (in case I forget some key details of it) to once again familiari

AUDJPY November 21 Market Analysis

fong zi cheng

How Important Is Risk Management?

fong zi cheng

Risk management is critical in Forex trading for several reasons: 1)Capital Preservation: It protects your trading capital from substantial losses. 2)Emotional Control: Helps avoid impulsive decisions driven by emotions. 3)Consistency: Encourages a stable and predictable trading approach. 4)Sustainability: Crucial for long-term success and maintaining profitability. 5)Position Sizing: Guides appropriate trade sizes based on risk tolerance and account size. 6)Adaptation: Allows for adjustments to

Economic News on 20/11/2023

fong zi cheng

Daily Forex Meme

fong zi cheng