Karl Freeman

Trading #fx, #cryptocurrency & #commodities.

No idea what's 'going' to happen, only an edge, patience & good risk management.

NOT financial advice. DYOR!

[Karl Freeman @UnboundTrader]

I started sharing my ideas on this dormant Twitter account a couple of months ago.

Why?

Once you know what you're doing & waiting for, there is a lot of dead time.

This way, I can -

👇🧵

[Karl Freeman @UnboundTrader]

@TomDwan @CryptoCapo_ No, the FED hasn't pivoted.

1. Fear is pumping Gold & BTC.

2. The Fed needs liquidity out of the system to ease inflation.

4. There’ll be casualties.

3. Imagine the pump if the FED started easing? Inflation would be through the roof.

IMO this is not what the FED wants.

[Karl Freeman @UnboundTrader]

@ForexLive I’ve heard this song before... I hope the music keeps playing.

[Karl Freeman @UnboundTrader]

@RajaBanks Using 100k of somebody else’s money and getting 80% + vs tying up my own into a broker that could disappear any minute, black swan event etc.

Plus, I can use my cash for other ventures.

I’m not saying don’t have a personal account, but spread the risk!

[Karl Freeman @UnboundTrader]

Forex Trading is more than just numbers and charts -

It's about understanding your psychology.

Traders know they must learn to control their emotions and stay focused to reach their goals and succeed.

#Psychology #TradingSuccess

[Karl Freeman @UnboundTrader]

#CPI is going to throw a curve ball today.

The new calculation is a bit of an unknown, so it should be interesting to see how traders interpret the data.

[Karl Freeman @UnboundTrader]

#DXY Major shift, does it have legs?

Crazy moves from the news/ NFP last week.

It's the first weekly bullish engulfing candle since the week of the 19th Sept.

Be mindful of this and expect high volatility.

[Karl Freeman @UnboundTrader]

#XAUUSD Finally broke; it took much longer than I expected.

It's in a tricky area now, slicing through multiple levels, so patience is the game now to see if the 1904 - 1890s hold.

[Karl Freeman @UnboundTrader]

#XAUUSD needs to hold this zone; otherwise, the structure will start to break down.

The level has been tested multiple times.

I'm looking for a test of the 1930s zone first, & possibly a break.

However, multiple scenarios can play out here, so let price action lead the way.

[Karl Freeman @UnboundTrader]

Traders often fall victim to overtrading or holding on to losing positions for far too long.

As you gain more experience, you'll learn that less is more, and cutting your losers quickly will show in your results.

#forex #daytrading #crypto

[Karl Freeman @UnboundTrader]

What separates the successful trader from the crowd?

They can remain calm and objective, even in the face of market volatility.

Keeping a level head and not letting emotions cloud your judgement is crucial.

#forex #daytrading #crypto

[Karl Freeman @UnboundTrader]

One of the most important aspects of successful trading is often the last thing a new trader spends time learning & that is effective risk management.

Having clear guidelines to protect against potential losses & profits is key.

#crypto #daytrading #forex

[Karl Freeman @UnboundTrader]

Want to succeed as a trader?

Show up every day, start with a small account, learn, test, practise & don't quit.

Show up every day, master your process, master your emotions & don't quit.

Show up every day & you'll become a trader if you don't quit.

#forex #trading #crypto

[Karl Freeman @UnboundTrader]

@MikePoglese Respect to the #4AMCREW, let's hope the market wakes up.

[Karl Freeman @UnboundTrader]

@DeCryptoJohn Agreed, that would be an ideal scenario.

I'll probably take some short-term trades along with order flow.

News later could also change everything.

[Karl Freeman @UnboundTrader]

#XAUUSD needs to hold this zone; otherwise, the structure will start to break down.

The level has been tested multiple times.

I'm looking for a test of the 1930s zone first, & possibly a break.

However, multiple scenarios can play out here, so let price action lead the way.

[Karl Freeman @UnboundTrader]

#GDP The forecast has been on point once in 15 months!

[Karl Freeman @UnboundTrader]

@sam_kb_ If you had the secret code and were sharing it, the banks would sue you to hell and back.

Think outside the box; it's not hard.

[Karl Freeman @UnboundTrader]

#DXY is still trapped.

However, there is a lot of liquidity above, so I'm keeping a close eye on that.

The markets look tired, so a pullback would be healthy.

#Dollar

[Karl Freeman @UnboundTrader]

@wordsofrizdom Absolutely!

It's important to focus on yourself and prioritize your needs and goals.

It's easy to get sidetracked by the many things life throws your way, but it's worth it to stay the course and stay focused on yourself.

Your future self will thank you for it.

[Karl Freeman @UnboundTrader]

Effective trading psychology involves managing your emotions and staying focused on the long term.

Don't get too caught up in the highs and lows of individual trades.

#forex #trading #crypto

[Karl Freeman @UnboundTrader]

I'm not liking the price action today; markets are all jammed up.

Hopefully, I will find some direction later or quit until Monday.