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“The hard, cold reality of trading is that every trade has an uncertain outcome.”

– Mark Douglas, Trading in the Zone

This quote encourages Traders to develop a probabilistic mindset, which is essential for long-lasting success in the financial markets.

Check the signal

We know getting started in trading can be difficult, but our friends at Tonisignals.com aim to help new traders along the way!

Meet Toni, our long term friend. For some reason, his signals are often right. That is why we decided to provide it on our website. It is accurate and it is FREE!. Thanks Toni!

GBP/USD Signal – GBP Markit Manufacturing PMI – 01 Mar 2021

USD/CHF Signal – CHF Real Retail Sales – 01 Mar 2021

GBP/USD signal – GBP Markit Manufacturing PMI – 01 Mar 2021

Summary

Entry Price: 1.39610
Take Profit: 1.40020
Stop Loss: 1.38770
Direction: Buy
Result: Open

The GBP/USD is trading to the upside today prior to the GBP Markit Manufacturing PMI. The PMI manufacturing released by both the Chartered Institute of Purchasing & Supply and Markit Economics is an indicator of the economic situation in the UK manufacturing sector. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.40020 level.

USD/CHF Signal – CHF Real Retail Sales – 01 Mar 2021

Summary

Entry Price: 0.90856
Take Profit: 0.91200
Stop Loss: 0.90400
Direction: Buy
Result: Open

The USD/CHF is trading to the upside today prior to the CHF Real Retail Sales. The Retail Sales is conducted by the Swiss Federal Statistical Office. The retail sales is a survey of goods sold in the last month and serves as an indicator of the Swiss consumer demand. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the USD/CHF into the 0.91200 level.

Articles we like

Staying up to date on both economic news and new ideas is very important in financial markets! Our favourite articles will usually cover news, trading mentality or general financial ideas.

APAC Markets Taking Direction From Bond Yields to Kick Off March

01/03/2021

The Rising of Iron and Copper Prices Continue to Boost AUD/USD Pair

22/02/2021

UK Government Highly Considering Unlocking the Economy as More Brits are Vaccinated

16/February/2021

Tweets we like

Here are some tweets that will motivate and help you along the way!

10 Recent

$NQ_F (monthly) had my attention since european trading h/t @50Pips The @forexanalytix team were on top of this bond move and the potential for NQ which acted terrible from the get-go in European session

@spz_trader (01 March 2021)

So $rkt kills it, looking right now to gap up 10%+/- and has 38% shorts…. Float is 114M but 74% in held by institutional traders. Meaning we have 85.5M shares basically locked up, free float 29M shares and short shares equal 43M shares. Vol increased yesterday.

@TraderCisco (01 March 2021)

BUY #GBPUSD 1m, Risk -1.0, Reward 1.00 (WON) #forex (Comment: could have taken this differently, but both would have made it, so i went with the one i thought safer, plus i’m still not sold on any rebound over 40.00 (long trade) or below 60.00 (short trade)

@xxxxpatterns (01 March 2021)

#USDJPY sitting between our 200 and 50 EMA, after bouncing off of a strong support at 105.400. If this level is held we could see it break to the upside and out of the channel #forex #forextrading #FX #technicalanalysis #forexanalysis #tradetheworld

@blackbullforex (22 Feb 2021)

#EURCAD broke down from a consolidation confluent a death cross. Price currently re-testing technical pattern as new resistance, we look to go short at CMP. #forextrading #forexsignals

@Kgomotso_petja (22 Feb 2021)

Next on wk2 very similar to eurjpy, we saw rejection off a key level of resistance, you see the 3 bearish candle candle pattern formed, price is very likely to move down to the 1.618 fib level, 40 pips here also. #forextrading #SaveEksu #ASUU

@iam_Tommik (22 Feb 2021)

BUY #AUDUSD 3m, Risk -1.0, Reward 1.25 (WON) #forex (Comment: much more confident taking these rising resistance breakouts when the overall trend is in favour, definitely not something i would take if the overall entry/trend was opposed, @paxdriver for the win)

@xxxxpatterns (16 February 2021)

MARKET IMPACT Industrial production down by 1.6% in euro area and 1.2% in EU

@ForexFactory (16 February 2021)

MARKET IMPACT Euro area international trade in goods surplus €29.2 bn

@ForexFactory (16 February 2021)

Skimmed of some profit. $TEL

@Coin_Shark (9 February 2021)

Hall of fame

With the year quickly drawing to a close traders should know how to use both yearly and quarterly levels

@ToniSignals (13 December, 2020)

Having life outside of trading also reminds you that trading is a profession. This can help you become more emotionally detached to the outcome of your trades, which is important for making good trading decisions.

@babypips (13 August, 2020)

The truth is you are going to lose money to the markets, it’s unavoidable. Every professional trader has lost money. Not every trade will be profitable.

@BabyPips (May 25, 2020)

…an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).

@BabyPips (May 22, 2020)

Trading for a living can be a dream come true, but it can also be a nightmare. If you believe trading is easy, you’re done before you even started. Trading is not easy.

@BabyPips (May 22, 2020)

“I think success (in trading) starts when you stop chasing after Holy Grail trading systems. They just do not exist.” -Dennis3450

@BabyPips (May 26, 2020)

Instead of simply buying right off the bat, we want to wait for it to bounce first before entering. If you’ve been looking to go short, you want to wait for it bounce off resistance before entering.

@BabyPips (May 21, 2020)

A trader who lacks discipline can never make it in this business. And many traders are guilty of lacking discipline for many different reasons.

@BabyPips (May 25, 2020)

Mini lessons

Want to learn some more about the Forex industry or not too sure about something? Not to worry, SuperChoice has you covered! Check our full list of mini lessons on either “how to” or “what is”.

What is…

How to…

Quotes we like

We know how mentally taxing trading can be at times and how the right advice can spur you on. That’s why we’ve compiled a couple of quotes to motivate you!

10 recent

“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.”

- Mark Douglas

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful”

- Warren Buffett

“Confidence is not “I will profit on this trade.” Confidence is “I will be fine if I don’t profit from this trade.””

― Yvan Byeajee

“You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.”

– Jaymin Shah

“Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place.”

– Arthur Zeikel

“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.”

- Tom Basso

”In trading, everything works sometimes and nothing works always.”

- Unknown Author

“Letting losses run is the most serious mistake made by most investors.”

- Benjamin Graham

“Trade What’s Happening… Not What You Think Is Gonna Happen.”

- Doug Gregory

“The market can stay irrational longer than you can stay solvent.”

– John Maynard Keynes

Hall of fame

“You must first become the person who deserves it all”

- Saurabh Bhardwaj

“All battles are first won or lost, in the mind.”

- Joan Of Arc

“Act as if it was, and it will be.”

- Lailah Gifty Akita

“There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought.”

- Napoleon Hill

“It’s a funny thing about life, once you begin to take note of the things you are grateful for, you begin to lose sight of the things that you lack.”

- Germany Kent

Blog

Check out our blog for interesting new thought pieces, takes on news, and updates in the forex markets!

Check the signal

Summary

Summary

Articles we like

APAC Markets Taking Direction From Bond Yields to Kick Off March

The Rising of Iron and Copper Prices Continue to Boost AUD/USD Pair

UK Government Highly Considering Unlocking the Economy as More Brits are Vaccinated

Tweets we like

10 Recent

$NQ_F (monthly) had my attention since european trading h/t @50Pips The @forexanalytix team were on top of this bond move and the potential for NQ which acted terrible from the get-go in European session

So $rkt kills it, looking right now to gap up 10%+/- and has 38% shorts…. Float is 114M but 74% in held by institutional traders. Meaning we have 85.5M shares basically locked up, free float 29M shares and short shares equal 43M shares. Vol increased yesterday.

BUY #GBPUSD 1m, Risk -1.0, Reward 1.00 (WON) #forex (Comment: could have taken this differently, but both would have made it, so i went with the one i thought safer, plus i’m still not sold on any rebound over 40.00 (long trade) or below 60.00 (short trade)

#USDJPY sitting between our 200 and 50 EMA, after bouncing off of a strong support at 105.400. If this level is held we could see it break to the upside and out of the channel #forex #forextrading #FX #technicalanalysis #forexanalysis #tradetheworld

#EURCAD broke down from a consolidation confluent a death cross. Price currently re-testing technical pattern as new resistance, we look to go short at CMP. #forextrading #forexsignals

Next on wk2 very similar to eurjpy, we saw rejection off a key level of resistance, you see the 3 bearish candle candle pattern formed, price is very likely to move down to the 1.618 fib level, 40 pips here also. #forextrading #SaveEksu #ASUU

BUY #AUDUSD 3m, Risk -1.0, Reward 1.25 (WON) #forex (Comment: much more confident taking these rising resistance breakouts when the overall trend is in favour, definitely not something i would take if the overall entry/trend was opposed, @paxdriver for the win)

MARKET IMPACT Industrial production down by 1.6% in euro area and 1.2% in EU

MARKET IMPACT Euro area international trade in goods surplus €29.2 bn

Skimmed of some profit. $TEL

Hall of fame

With the year quickly drawing to a close traders should know how to use both yearly and quarterly levels

Having life outside of trading also reminds you that trading is a profession. This can help you become more emotionally detached to the outcome of your trades, which is important for making good trading decisions.

The truth is you are going to lose money to the markets, it’s unavoidable. Every professional trader has lost money. Not every trade will be profitable.

…an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).

Trading for a living can be a dream come true, but it can also be a nightmare. If you believe trading is easy, you’re done before you even started. Trading is not easy.

“I think success (in trading) starts when you stop chasing after Holy Grail trading systems. They just do not exist.” -Dennis3450

Instead of simply buying right off the bat, we want to wait for it to bounce first before entering. If you’ve been looking to go short, you want to wait for it bounce off resistance before entering.

A trader who lacks discipline can never make it in this business. And many traders are guilty of lacking discipline for many different reasons.

Mini lessons

What is…

How to…

Quotes we like

10 recent

“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.”

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful”

“Confidence is not “I will profit on this trade.” Confidence is “I will be fine if I don’t profit from this trade.””

“You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.”

“Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place.”

“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.”

”In trading, everything works sometimes and nothing works always.”

“Letting losses run is the most serious mistake made by most investors.”

“Trade What’s Happening… Not What You Think Is Gonna Happen.”

“The market can stay irrational longer than you can stay solvent.”

Hall of fame

“You must first become the person who deserves it all”

“All battles are first won or lost, in the mind.”

“Act as if it was, and it will be.”

“There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought.”

“It’s a funny thing about life, once you begin to take note of the things you are grateful for, you begin to lose sight of the things that you lack.”

Blog

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