Discussions among the group Warren's Trading Titans

Don’t ever give up

warren

I don’t know who need to hear this, but don’t ever give up on trading. I know it can get hard, discouraging and lonely. Your friends and family think you’re crazy for making this type of choice. My journey started out losing Day after Day for a Year and a half. I wanted to give up but something wouldn’t let me do that. Now I been a high 5 figure trader for 3 years. Don’t get me wrong, I still have bad trades here and there but the profits are out of this world. DON’T GIVE UP! DON’T LISTEN TO NE

Do you have a Hindsight bias ?

warren

Hey everyone! 👋 Let's dive into a quick recap on our recent discussion about hindsight bias in trading. 🔍 Hindsight Bias Reminder: Remember that hindsight bias, or the "I-knew-it-all-along" phenomenon, can significantly impact our trading perceptions. It's when we tend to believe, after an event has occurred, that we predicted or expected that outcome more than we actually did. 📉 Application in Trading: In the context of trading, it's crucial to be aware of how hindsight bias can cloud our j

EUCHF falling wedge breakout

warren

The EURCHF currency pair recently experienced a significant decline, reaching new multi-year lows. This drop was triggered by expectations of more aggressive rate cuts by the European Central Bank (ECB) in the upcoming year, in contrast to the Swiss National Bank (SNB) expected to maintain its interest rates. Despite briefly touching new lows, the pair rebounded from strong support levels around 0.9400, aided by oversold conditions on the daily chart. Market analysts see this rebound as a poten

📈Gold experiences an upward movement during the Asian session, driven by a technical recovery.📈

warren

During the early morning Asian session, gold experienced a probable technical rebound following a decline of over 2% in gold futures on Monday. Citi Research maintains a positive outlook on gold and silver until mid-2024, anticipating significant demand for these precious metals as a safeguard against potential downturns in developed-market equities and real estate, as indicated in a research report by analysts. This perspective is, in part, influenced by Citi's prediction of a U.S. recession b

GOLD EYES NEW ALL TIME HIGHS !!!!

warren

Analyzing the daily chart of gold, I am somewhat surprised by the intensity of its recent upward surge. However, given the prevailing influence of bonds on market sentiment and the concurrent decline in yields, there appeared to be limited alternative directions for gold other than upward last week. On Friday, gold exhibited a robust rally, reaching significant highs and concluding the day at a record level on the daily chart, albeit just below the actual record established in April. This situa

The truth behind the "1%" stat.

warren

I'm sure you've heard the stat: "99% of traders lose money, only 1% make it" It sounds discouraging when you first hear it, but let's take a deeper look: Those studies make no effort to separate serious traders from amateurs. They include everyone who's ever opened a trading account. That includes your uncle, brother, neighbor, etc. Obviously, they'll add to the losing statistic. It's like saying "99% of people who ever tried chess are not good at it" Everyone has tried chess. How many have spen

How traders beat FOMO - psychology of traders who are good at losing

warren

So I’ve been thinking and reaserching about trading psychology for the past month or so. Comes down to always have long term perspective in your mind. Current loss or win does not mean anything, but wins or loses of 1000 trades do. “What you value is more important than what you feel in the moment” With being mindful about your emotions during the trade, you can dissolve a tendency to make certain actions for short term feelings, because you know deep inside that what matters is really so many t

USD/JPY technical analysis

warren

USD/JPY technical analysis (chart): After USD/JPY fell over -3% in six days yet formed a bullish pinbar at a key support level, momentum has turned higher. In fact a 3-day bullish reversal pattern called a Morning star formed on the daily chart, although volatility dropped on Thursday and Friday over Thanksgiving. Yet this lower period of volatility could be construed as bulls taking a breather ahead of their next attack. The trouble now is that we have the 150 handle nearby which might initiall

The Blind Spot Bias: The Number One behavioral bias to tackle in Trading

warren

As a trader, no matter which market, we will come to the point to realize that trading is a mind game, much more than technical analysis, price action, indicators, etc.. The brain can be our biggest strength in trading, however at the same time can also be our biggest weakness. We are all victim to behavioral biases, which naturally lead us to certain decisions or actions that are oftentimes destructive to our trading performance. While there are many biases that can explain a large share of tr

AUDUSD TECHNICAL ANALYSIS

warren

The technical analysis for AUD/USD on the daily chart indicates the formation of a bullish engulfing week, with the closing just below the resistance level of 0.6522. This suggests a potential breakout in the near future. Furthermore, a bullish engulfing day occurred on Friday, establishing support at 0.6450. The key consideration now is how bullish participation can be initiated. Entering trades at current levels poses the risk of a false breakout. Therefore, a low volatility retracement withi

YOUR DAILY TRADING PSYCHOLOGY DOSE

warren

Building Emotional Inteligence with Dual-Awareness makes you a better Trader via more effective decision making. Holding on to (experiencing) opposing emotions is one of the important abilities human beings have. It's why resilience exists - e.g., because you can both feel grateful and sad simultaneously. It allows growth through strife. Fear and hope simultaneously fortify determination and create strength and learning experiences. Objectivity lies in experiencing opposing emotions. It is one o

Trading Psychology TipInvesting tipsMistakes are essential stepping stones.Don’t shy away from them.Instead, welcome them.Let them tea

warren

Trading Psychology Tip Mistakes are essential stepping stones. Don’t shy away from them. Instead, welcome them. Let them teach you. Keep trading and keep pushing. Virtually every tale of success in trading that you’ll read involves resilience in the midst of failure.

EUR/USD, aiming for levels under 1.0700, keeps a close watch on upcoming US CPI and Eurozone GDP data.

warren

The beginning of the new week sees a positive start for the EUR/USD pair during the early Asian trading hours on Monday. The upturn is influenced by the strengthening US dollar sentiment. Although the pair rebounds from the low of 1.0656 recorded last week, it remains constrained below the resistance level of 1.0700. On the 4-hour chart, the Relative Strength Index (RSI) drops below 50, signaling a short-term bearish outlook as EUR/USD descends below the mid-point of the ascending regression ch

EURUSD LONG TRADE

warren

EUR/USD Broke a significant structure in price and now has transitioned from bearish back into a bullish trend. Looking to target 1.08213 price for continuation of current bullish trend.

"RBA's Rate Hike Sends Australian Dollar Below $0.645: Bearish Signals for AUDNZD"

warren

The Australian dollar (AUD) experienced a decline, falling below $0.645, after the Reserve Bank of Australia (RBA) raised the cash rate to 4.35% in November. This decision was influenced by persistent inflation and predictions of higher consumer inflation. The article explores the implications of this rate hike on the AUDNZD pair, indicating a bearish outlook for the currency pair. The RBA's decision to raise interest rates was expected, but it had a significant impact on the Australian dollar,

"CAD Strengthens on Stellar Payroll Data and Oil Prices"

warren

Canada's Robust Economic Indicators In September, Canada's economy witnessed significant job growth, adding 63,800 jobs, which surpassed initial expectations. Moreover, wages also saw an increase of 5.3%, exceeding the projected rate of 5.1%. These robust economic indicators have heightened the likelihood of the Bank of Canada (BOC) raising interest rates at its upcoming meeting on October 25th, with the odds currently standing at 41.6%. Comparative Job and Wage Growth Canada notably outperform

CHF/JPY Currency Pair Reverses Course, Poised for Strong Upward Momentum

warren

Summary: The CHF/JPY currency pair is on the brink of embarking on a robust bullish upswing, as key technical indicators offer optimistic signals. Market participants are advised to closely monitor the level at 164.30 for indications of further upside potential. Detailed Analysis: Recent market analysis indicates that the CHF/JPY currency pair has experienced a notable reversal. This reversal is suggestive of a potential impulsive bullish move, as per market analysts' observations. After a decl

BOE Raises Concerns Over Consumer Borrowing, Putting Pressure on EUR/GBP

warren

Bank of England's Cautions on Consumer Borrowing The Bank of England (BoE) has expressed apprehensions regarding consumer borrowing, raising concerns about the potential consequences on the UK's financial stability. Despite these concerns, the BoE has deemed the banking system to be relatively stable. EUR/GBP Poised for Decline The EUR/GBP exchange rate is on the cusp of a decline in the short term, partly driven by the perceived divergence in policies between the Bank of England and the Europea

EUR/USD: Surging Treasury Yields and Robust US Dollar Fuel Fed Rate Hike Speculation

warren

Treasury Yields Ascend, Uplifting US Dollar and Aiding Fed Rate Hike Anticipation Treasury yields have climbed across the board, with the 10-year yield scaling heights unseen since 2018. Simultaneously, the US dollar has displayed vigor against all major trading partners, save for the Japanese yen. These occurrences have stoked the belief that the Federal Reserve will persist in elevating interest rates as a countermeasure against inflation. Rising Treasury Yields and Resilient US Dollar Reflec

"GBP/USD's Winning Streak: Fed's Dovish Tone Lifts Pound"

warren

The Pound to Dollar exchange rate is set to achieve its sixth consecutive daily gain, driven by mounting expectations that the Federal Reserve (Fed) might not pursue as aggressive interest rate hikes as initially anticipated. Dovish Fed In recent times, several Fed officials have adopted dovish positions, indicating a reduced necessity for aggressive interest rate hikes. Notable figures such as Fed Vice Chair Philip Jefferson and Dallas Fed President Lorie Logan have mentioned the tightening fi