US30 FOREX – About the 30 largest Companies

US30 FOREX – About the 30 largest Companies

US30 FOREX – The 30 largest Companies


US30, Dow Jones 30 (DJ30) Wall Street 30

One of the most biggest indices in the world is made up of the 30 largest owned companies listed on the New York Stock Exchange.



Companies, as Goldman Sachs, Disney, Microsoft, Walmart and many other well-known companies.
Representing the 30 largest companies.
It was founded by Wall Street Journal editor Charles Dow and was first calculated on May 26, 1896, making it one of the oldest stock indexes in the world.

US30 forex

More about Trading US30

US30 is very popular and especially with many traders all over the world.
So Supply & Demand is then a concept that many trades apply, the price moves fast and forwards a characteristic of US30.
And especially within the supply & demand levels.

US30 forex

So because there is so much volume in it and it moves so well and hard it is comparable to XAUUSD.
Only gold has something like hard liquidity pushes the spikes.
Ans us30 is often clearer against it, also read my blog How to trade XAUUSD?

The sessions where us30 moves best is of course around the New York open, this goes without saying as it relates to the New York stock exchange.

So of course it requires patience and a good understanding of the supply & demand.

And it is advisable to focus on one or two assets and master them completely.

Do you want to become Success Supply and Demand Trader?
Or want to know more about US30 forex?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about how to use market profile in forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

US30 forex

Forex time frames / What are the best timeframes?

Forex time frames / What are the best timeframes?

Utilizing different forex time frames, for both the novice and advanced forex traders, is a very important concept.
Both the higher and the lower timeframes are important.
We often find the momentum on the higher timeframes, and we use the lower timeframes for entries.
As mentioned, the higher timeframe gives a picture of the overall trend of that specific day and or week.
But also the lower Forex time frames on the other hand are also very important to have the right risk reward and form of entries within that specific trading day.

The main Forex time frames.

Forex timeframes are often classified as long medium and short term timeframes.
So these three timeframes are crucial to understand, the higher timeframes such as the weekly daily 4h to identify the overal trend, and the lower forex time frames to identify potential within this price range trade setup.

See below a good example of a higher timeframe 4h supply zone & a lower timeframe entry m30.

Forex time frames

Forex time frames



Use a timeframe that matches your strategy!

Are you a swing trader?
Then you will use the higher timeframes more often and you will switch between a weekly down to a 4h base for entries.

If you are a day trader or scalper?
You will often use the lower timeframes, of course you respect the higher timeframe momentum and trends, but all your focus is on short moves that is what a scalper / day trader does.

You can think of the hour m30 m15 and some traders even use the m5 to m1 for their perfect entry timeframe.


What Forex timeframe should be traded?

As mentioned above in the previous topic, it is important to understand what kind of trader you are.
Are you a Swing trader? Or maby an intra day trader?
A day trader or maby a scalper?

Of course you can best answer this question for yourself and you can choose in which timeframes you will use.

I myself mainly scalp day trade and use a combination of a number of important timeframes.
Like the weekly daily 4h for everywhere direction or that specific day and or week, in terms of highs lows we see that the big institutions are really anticipating this and this the bias for that week or day.

And the lower timeframe within these highs lows of higher timeframe applicable to lower timeframes supply & demand zones.

You can see below a nice example from a higher timeframe low structure change in buyers direction into a few great supply zones on poundyen gbpjy.

Forex time frames


Forex time frames

Finally click here to see my blog about how to trade gbpjpy.

Do you want to become Success Supply and Demand Trader?
Or want to know more about Forex time frames?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about how to use market profile in forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Forex time frames

How to use market profile in forex?

How to use market profile in forex?

How to use market profile in forex?

I myself always use the market profile a lot in my trading.
And I’m really not the only one who really enjoys using this tool.
In this blog I will briefly explain to you what the Market profile is exactly and how we use it.
The market profile is created to determine the significant levels that prominent market players take into account in their trading.
It is also known as horizontal volume.
The great thing about this tool is that it can actually be combined with almost any trading strategy.
Of course I use it in combination with Supply and Demand, which works very well for me.
Thanks to the Market profile, I can decide whether my Supply and Demand Zones are well drawn.
And also If a Supply or Demand Zone matches the POC (Point Of Control) market profile, the Supply or Demand Zone is often many times stronger.

how to use market profile in forex


Above we see a good example of the market profile and we also see how well this matches the Supply Zone.
Often these are also the areas where we have to pay attention to a good opportunity for a good trade.
We can also use Market profile very well to determine a possible Stop loss.

how to use market profile in forex


Definition / How to use market profile in forex.

Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume.
Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader.

how to use market profile in forex

My opinion about the use of market profile is therefore only positive.
And I also use it very often to almost always in my trading. From experience I can say that it only improves my chances with the use of market profile. In my new Order Flow course I explain all this even better and of course much more.
So I’ve piqued your interest, be free to join the order flow course.
Please note that at least 6 months of experience is required with trading Supply and Demand.

Do you want to become Success Supply and Demand Trader?
Or want to know more about how to use market profile in forex?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about how to use market profile in forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market



Is forex trading halal?

Is forex trading halal?

I often get the question whether trading Forex is haram or halal.
Opinions are divided on this one person thinks not and the other does.
We know, of course, that gambling is prohibited in Islam.
But is Forex trading comparable or the same as gambling?
Whether it is gambling or not depends of course on the person.
If you are going to throw yourself into the forex market without knowledge and experience, you will of course “gamble” because you have no idea what you are doing.
So is that Haram? Yes, because that’s just gambling.
But are you very serious and have you already learned a lot about different strategies and do you know where you stand in the market?
Then we can see this more as a “company” because you also treat it as a company and in this case you are not gambling and trading forex is in most cases Halal.

What does Islam say about Forex Trading?

Having reduced the issue to one of trading spot Forex and assuming there is no interest element deemed to be involved.
Actually it is allowed only as long as it is “Hand to Hand”.
So the Prophet Mohammed (peace be upon him) had in mind exchanges of different types of commodities that would be made between two parties, recognizing that this was a natural and just aspect of commerce.
The question here lies in what is considered to be “hand to hand”.

For this answer we have to go back in time a bit.
Because in the past we didn’t have computers or telephones, so back then we only did hand-to-hand deals.
Face to face so to speak.
It was the way and accepted to make a deal between two parties.
Now in this day and age things are often very different and we are used to closing deals via the internet or perhaps the telephone for a long time, it is no longer just face to face.
Now let’s go back to forex trading because there is another discussion about that.
So this would qualify under such a definition of two different parties, which would be permissible according to Islamic law. 

Islam forex brokers.

Nowadays there are also Islamic forex accounts that you can open with different brokers. IC Markets is one of them, for example.
But what is the difference with a normal forex account?
The big difference is that you don’t pay a Swap.
This way you earn and pay no interest on your trades.
A swap free trading account is a Forex trading account that is allowed by Islamic Shariah law.
In Sharia law it is not allowed to have any interest applied for an overnight position. This is important for Muslim traders because Sharia law forbids Muslims from charging and paying interest on a loan.
Fortunately, swap free accounts are considered acceptable due to the fact that there is no interest applied, and commerce and trading has always been an activity that has been encouraged by Islam
So in the case of the swap-free account, the broker charges a fixed commission against the trader’s account balance instead of taking a portion of the rollover interest swap.

Conclusion

To return to the question of whether forex trading is gambling? The answer is that it is up to the trader.
If the trader uses a good analysis which has proved profitable in the past it cannot be called gambling but at most risky.
Is online forex trading haram? If the riba (interest) element is removed, a convincing case can be made that online Forex trading is halal and not haram, especially if leverage is not used.
Many brokers also offer Islamic accounts which are okay to use.

Ultimately, the choice is yours and only you know whether you consider Forex trading a business or gambling!
But at least as a Muslim you can trade forex in a halal way.

—————————————————————————————————————————————
Do you want to become Success Supply and Demand Trader?
Or want to know more about Delta order flow?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about Delta order flow?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market



Delta order flow.

Delta order flow.

Delta order flow.

What is Delta order flow?

Firstly the term delta was introduced in trading in the year 2002 together with the footprint charts.
But especially at that time it was still very difficult as a trader to get the real time data, which was mainly devoted to a small selective group on the market.
But fortunately, today it is a lot easier to use the real-time data that we mainly need to trade with Order Flow.
And this information can help us as retail traders get a lot closer to the professional level.

Delta order flow is the difference between the market buys and market sells at each price (Footprint Delta) in each candle/bar (Bar Delta) or for a period of time (Cumulative Delta).
So if delta is greater than 0 you have more buying than selling pressure.
If delta is less than 0, you have more selling than buying pressure.
So Delta is calculated through subtraction of the volume of contracts traded at the Bid price from the volume of contracts traded at the Ask price.


To calculate the delta we need the following variables:

  • The bid price
  • The ask prive
  • The most recent price at which the instrument was traded.
  • The volume of the most recent trade.
  • The time of its execution.

But remember that the delta is calculated by the difference of the volume of the market buys and the market sells.
So the Delta calculation by market, or as they say aggressive, orders is explained by the fact that namely market orders move the price in the market.

Delta order flow

As most of you already know, there are different types of Delta that you can use, although they all come down to the same thing.
We can also use the Delta in various ways in our trading as extra confirmation.

But the true power delta is revealed when we use it to determine the market’s reaction to powerful buying or selling.
So we want to see if the market has reacted as we would expect or not.
I also explain all this in my Order Flow course.

Where can I find the Delta?

You can find Delta order flow on different platforms.
So I’ll list a few for you here.

Sierra Charts.
Lightweight platform you can go in many directions with it and it is one of the cheaper platforms.

Ninja Trader.
Lots of free choice but even more choice under their paid platform.

MT4/MT5
And for MT4/MT5 there are also several indicators, sometimes by external parties.

These are a few examples.
And there are probably many more to be found.

Conclusion Delta order flow.

If I give my personal opinion about the Delta order flow, the Delta is perhaps one of the best indicators that you can use in Order flow trading.
It can give you a good indication of where you are in the market and who is in control at the moment.
The buyers or the sellers.
It gives you a good insight into the buying and selling pressure and how the market reacts to it.
So my advice is therefore to definitely use delta when trading with the footprint charts or trading with supply and demand just before the extra confirmation.

—————————————————————————————————————————————
Do you want to become Success Supply and Demand Trader?
Or want to know more about Delta order flow?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about Delta order flow?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Order flow footprint / How to use?

Order flow footprint / How to use?

Order flow footprint

What is Order flow footprint?

The Order flow footprint charts are currently becoming increasingly popular with traders.
With the footprint chart you can look into the candle.
Normally we see a candle, but we do not know what exactly happened there, so with a footprint charts you have the exact numbers in the candle.
The original footprint charts were developed by Market Delta in 2003.
Unfortunately they are no longer active after a bankruptcy in 2020, but luckily we can still find enough about trading the footprint charts everywhere.
You will find it under many different names such as Numbered bars, Bid and Ask, Cluster and so on.
The name may therefore differ, but the concept remains the same.

But what exactly does the Order flow footprint chart show us?

The footprint charts show us the volume traded at that price level.
Compared to other indicators that traders use, the footprint chart is based on real-time information.
That is why we can find strong information on which levels buyers and sellers were interested.
Where absorption took place and where exactly the most volume took place.

Why trade with footprint?

I think that trading with the footprint charts can be very good for an extra confirmation in addition to your trading strategy.
And I also think that you should not start with the Order flow footprint charts if you do not have enough experience trading Supply and Demand or any strategy.
This can cause a lot of confusion otherwise.
As I already mentioned, the footprint charts offer an inside look into the market and show where participants are trapped or anticipate breakouts.
So we can get a lot more information with this, especially with regard to possible entries and when you can best exit a trade.
It can also help to make your Stop loss even tighter so that your win rate becomes much better.
How exactly this all works and how you can read and see this is too much to explain here now, but I explain all that in my course.

Order flow footprint

What types of footprint are there?

  • Bid/Ask footprint.
    I think this is one of the most used Bid/Ask Footprint displays the number of contracts traded on the bid price and the number of contracts traded on the asking price in real time for any periodicity you decide to use. In the example above you see a footprint chart with the Bid/Ask. (Order flow footprint)
  • Delta footprint.
    To be able to use this correctly, you already need some knowledge about delta.
    You see only one number because Delta represents the difference between finalized executions at the bid and the offer.
  • Volume footprint.
    This does not show any positive or negative volume but simply shows how much total was traded at that level.
    Whether it was Bid or Ask.
    Volume Footprint is useful because it shows where there was and interest from both buyers and sellers.
  • Volume profile footprint.
    The Volume profile footprint is actually not much different, only it shows per candle at which level the most volume was.

delta footprint

delta footprint

Order flow footprint

volume footprint

Order flow footprint

bid x ask profile

Order flow footprint

volume profile footprint

These are some of the most used.
There are a few more that you can use, but I won’t explain them to you right now in this blog.

Conclusion about Order flow footprint.

Since I got to know the Order flow trading and the footprint charts.
I don’t really want anything else.
It just gives me more insight into the specific areas and what exactly is happening there.
It helps me to take even tighter and more profitable entries.
But I can also better determine where I should take my profits and where I should place my Stop loss.
Especially if you are a more experienced trader, I will definitely recommend that you delve into this a bit more.
It can certainly help you take your trading to an even higher level!

—————————————————————————————————————————————
Do you want to become Success Supply and Demand Trader?
Or want to know more about Order flow footprint?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about Order flow footprint?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

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