What's new

The5ers Educational Webinars

3.60 star(s) 5 Votes

The5ers

Member
Weekly trade idea on AUD/USD.
Week: 6-10.06.2022
Aggressive rate hike RBA.
AUD is expected to have another pump up as the RBA prepares themselves for one of the most aggressive hikes seen in years. As we have seen previously, rate hikes have proven a great opportunity for bulls to get into the market when the liquidity arrives. With China moving out of lockdown and positive jobs reports, the AUD is looking strong.

Key Levels:
  • Resistance 0.72600
  • Support 0.71600
Trend AUD/USD.
Bullish

Overall trend recently has been to the upside recently with the AUD looking more and more promising given current conditions.

Call to Action/Trade Idea
Wait for a retest on the trend line and a fair value price to enter long on this pair prior to the RBA rate hike decision.

For more forex trading insight, follow us on TradingView: @the5erstrading



image (85).png
 

The5ers

Member
Weekly trade idea on USD/CHF.
Week: 20-25.06.2022
Losing confidence in the USD.
The Fed continues to hike rates in the USA which usually creates an immense amount of demand for the USD signalling the economy is growing, but as we hike and hike more aggressively, many are starting to realise that when we have reached these high interest rates before, it has resulted in a recession. As time moves forward, the USD is looking less and less appealing.

The CHF on the other hand have hiked rates for the first time since 2015 creating an explosive move. Many investors are starting to look at the CHF as a great opportunity over the next 6 months.
Key Levels:
  • Resistance 1.000
  • Support 0.957
Trend USD/CHF.
Sideways

Overall trend recently has been to the upside but has now started to form a sideways channel.

Call to Action/Trade Idea
Wait for a break below recent support, if a clean break is provided, short.

For more forex trading insight, follow us on Instagram: @the.5ers


image (1).png
 

The5ers

Member
Weekly Forex Analysis July 4 – 8, 2022 – In today's session, we discussed the DXY, Indices, and agricultural commodity prices.

For more quality trading insight, follow us on Instagram, @the.5ers

 

The5ers

Member
:point_right:
Weekly Forex Analysis July 11 – 15, 2022

In today’s trading room, we discussed the dollar flying against other currencies, as we see the DXY reaching a top at 107.00.

Mostly against the European basket, the Dollar remains very strong. As Ruben explained, there are two mains reasons for that:

1 - European economies didn’t start to fight inflation, in opposition to the US, which had already hiked its interest rate several times.
2 - The Dollar remains strong against worldwide inflation and a risk-off environment.

Also, Ruben had an explanation regarding the forecast on Oil. JP Morgan expects the oil price to reach $380 if Russia cuts exportations.

Finally, Ruben discussed several CAD pairs and managed an interesting trade on Gold in a consolidation zone.

:point_right:
For more quality trading insight, follow us on Instagram, @the.5ers

:point_right:
We will go LIVE again tomorrow @9:00 AM EDT on The5ers Youtube channel


 

The5ers

Member
Weekly Forex Analysis July 18 – 22, 2022

In today’s trading room, we have analyzed the Dollar Index (DXY). We highly expect it to be still on an overextended movement and can bring a dip on the downside.

The indices as well have been recovering well from their bottom and are now struggling at an important key zone. Ruben also mentioned that it might be the beginning of the switch between Risk-off and Risk-off environment, as we see Crypto and Oil going up on a short time scale.

Finally, at the end of the session, Ruben made some scalping on the Nasdaq, which had a volatile market opening and led to some opportunities.

For more quality trading insight, follow us on Instagram, @the.5ers

We will go LIVE again tomorrow @9:00 AM EDT on The5ers Youtube channel

 

The5ers

Member
Weekly Forex Analysis July 25 – 29, 2022

In today’s trading room, we have analyzed the Dollar Index (DXY). We highly expect it to be still on an overextended movement and can bring a dip on the downside.

The indices as well have been recovering well from their bottom and are now struggling at an important key zone. Ruben also mentioned that it might be the beginning of the switch between Risk-off and Risk-off environment, as we see Crypto and Oil going up on a short time scale.

Finally, at the end of the session, Ruben made some scalping on the Nasdaq, which had a volatile market opening and led to some opportunities.

For more quality trading insight, follow us on Instagram, @the.5ers

We will go LIVE again tomorrow @9:00 AM EDT on The5ers Youtube channel

 

The5ers

Member
Weekly Forex Analysis Aug 1st - 5th, 2022

In today’s trading room, we continued analyzing the Dollar, which is the top asset to look for during this market period.

At the end of last week, the Dollar depreciated against the other pairs of the basket.

And it may have some space to go. Technically, the DXY arrives in a confluence zone where it can attract some buyers.

Finally, we continued to highlight the negative correlation between the Dollar and capital markets, which may be the continuing switch between risk-off to risk-on period.

For more quality trading insight, follow us on Instagram, @the.5ers

We will go LIVE again tomorrow @9:00 AM EDT on The5ers Youtube channel

 

The5ers

Member
blog_darren_s-100 This Took Marvin From Break Even to Being Profitable.jpg

Marvin has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with a 40K low-risk funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 80K.


We spoke with Marvin about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.

  • Tell us a little bit about you.
    I’m Marvin, 29, born and raised in Germany. I’m working as a developer in my regular job and started trading as a side hustle right before the pandemic.

  • How long have you been trading?
    Almost every day for 2 years, I am a swing Trader.

  • Briefly describe your Trading Plan and how it contributes to your success.
    My trading plan includes very clear rules on risk management as well as simple daily and weekly checklists, which help me minimize the time needed every day to find potential setups and manage trades. My strategy is based on basic price action, multi-timeframe analysis, and taking advantage of very clear trends.

  • Please share with us a challenge you faced in your trading career and how you overcame it.
    The biggest challenge was definitely “strategy hopping.” The strategy I’m using now is pretty much the same one I used when I was a couple of months into the process, and it was working back then. However, it didn’t work fast enough for me at that time, which is why I tried 2-3 different approaches in the following months. Of course, that didn’t work fast enough either. After reading several books on trading psychology, I could identify impatience as my main problem and decided to not make any changes to positions once they were open. This took me from break-even to being profitable. The funny thing is, looking back, all these strategies worked when you accept losses are part of the game and stick with it for long enough to let the probabilities play out.

  • How did you adjust risk management to your trading personality?
    I risk a fixed percentage of my account per trade with a fixed SL and TP, which I will not change once the trade is placed. This makes it easier for me to eliminate false decisions triggered by anxiety or greed and prevents me from having to look at the charts the whole day.

  • Describe a key moment in your trading career.
    Seeing losing trades as “costs of business” and not necessarily as an error in my strategy provided a lot of peace of mind for me. Of course, this doesn’t mean one should stop looking for ways to improve, but one should do it based on data, not based on an impulse triggered by a losing trade.

  • How long does it take for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    It took about 1.5 years, and as mentioned earlier, the biggest accelerator to become profitable was to stop “managing” open positions.

  • What is your mental/psychological strength, and how did you develop it?
    I think you need to be quite persistent to become profitable. For me, many hours of backtesting helped to increase my confidence in my system and push through the days when things were not going great.

  • What was your strategy to successfully pass The5%ers’ First Level?
    Choosing the risk per trade carefully and not rushing the process.

  • How is trading for the5ers different from trading by yourself?
    I think psychologically, it’s a bit easier to detach from large sums of money you see in your account since you are not trading with your own capital.

  • What would you recommend to someone who is just starting with us?
    Focus on your win rate, not the money values in your account. If you switch from a 200$ account to a 10k account, losses can be quite intimidating when you see those huge red numbers.

  • Share online resources that were/are significant in your trading development. Name and links are appreciated.
    I can recommend the books by Mark Douglas. They helped me to understand the psychological side of trading. There is also a video series available on YouTube which summarizes a lot of the content from his books.
For more quality trading insight, follow us on Instagram, @the.5ers
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock