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2 contributions to PainlessTrader
Market analysis
Market like this as a trader what are you going to Consider before placing an order? GBP/CAD exchange rate at 1.84514 GBP/CAN. RSI is 50.50, signaling a neutral market with a slight upward trend. Consider factors like market conditions and goals before deciding 'buy' or 'sell'. More information needed for a certain recommendation. 1.Market Condition: RSI at 50.50 suggests neutral to slightly bullish sentimentโ€”caution advised. 2.Trend: A minor upward drift is visible, but not strong enough for aggressive trades yet. 3.Action Options: Buy if aiming for short-term gains with stop-loss near recent lows e.g., 1.840 Hold/sell if expecting GBP/CAD to correct lower due to CAD strength or UK economic data surprises. 4.Risk Management: Use tight stops and monitor news events like BoC rate decisions or oil prices CAD-sensitive.
Market analysis
0 likes โ€ข 25d
@John Plough You're absolutely correct trading on shorter timeframes like hourly charts minimizes the impact of spread, which can be substantial on lower timeframes. Let's shift our focus to hourly charts and analyze the GBP/CAD pair accordingly. With tighter spreads and potentially more precise entries/exits, we can explore the market dynamics more thoroughly. With an hourly timeframe, we can observe more localized trends and price fluctuations that might not be clear on higher timeframes.
What's your Investing Process?
Noticed my best trades have a very top down approach, and even outside of my best trades. My best ideas, my better days, and general equity. Starting with the Daily Chart (Price Position, Level, and Structure), and then into Market Context (news, recent performance, strategic environment), and then from there I begin to get more into the details of my filtered ideas. Though curious to how people come up or think about their Investing Ideas! What's your Investing Process like?
0 likes โ€ข Nov 5
1. Analyze market and predict trends. 2. Identify high-potential stocks. 3. Plan to buy or sell stocks strategically. 4. Monitor stocks and take action to minimize losses. 5. Protect profits and maximize returns. Remember that investing involves risks and returns. Always do your own research and consult with financial experts before making investment decisions.
1-2 of 2
Val Cortez
1
5points to level up
@val-cortez-3414
The stock market is a device for transferring money from the impatient to the patient.

Active 2h ago
Joined Nov 5, 2025
New york