Usd still pretty much in that rangeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Since USD is still in that range, just playing along with it using your mean reverting or swing trade strategies on USD majors such as EU or GU.. No trending move so far...it is what it is...just adapt :)
Do check out my stream video for the week to have more explanation in place.
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Forex-analysis
A New Year Special - 1hour Free Zoom SessionHello All,
I will be holding a short, 1 hour sharing with Zack, a feng shui master , where we will be sharing on the mentioned in the flyer above.
I will be covering some important things to take note of for your trading and sharing how I look for trades etc!
Zack will be sharing his view on the outlook of the world in 2024 and some discussions on Zodiacs!
Hope to have a Huat huat year ahead!
Date: 31 Jan 2024
Time: 730pm SG time (GMT +8)
Venue: Zoom
If you are keen ,do sign up using the link below!
forms.gle
An email for the Zoom session will be sent to you.
Thank you and see you!😬🥶😉
Euraud a pullback to be supported and bounce?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for this pullback on lower timeframe to play out and hold , then look to long
Do check out my stream video for the week to have more explanation in place.
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USDJPY, yup yup went up n up, nice move after mid week!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Did some pretty nice trade on UJ Long, bias still on the upside until unless something changes!
Do check out my stream video for the week to have more explanation in place.
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CHFJPY Price is currently in a 4H Uptrend channelCHFJPY Price is currently in a 4H Uptrend channel. It is hovering near the 170.000 psychological level, as well as the 4H Demand.
I will be looking for entries the moment price taps into the 4H Demand and forms a bullish rejection at 169.300 - 169.600.
I expect price to continue heading its way upwards to the 172.000 psychological level, following the channel.
USD a potential inverted h&s on h4Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Seems like for USD, NFP has yet to make a decisive move, am still watching for breakout on the 1 hourly chart to decide my biasness but for now, slightly on the bull side but things can change. So let's watch the PA first.
Watching Chfjpy too!
Do check out my stream video for the week to have more explanation in place.
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EURUSD Some pullbacks could be seenHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
EU should have some retracement on its h4, h1 chart currently is still more to the downside...Do check out my stream video for the week to have more explanation in place.
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USD could be pulling some retracement,overall still bearish Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still bearish on the higher timeframe for USD, though we could be possibly seeing some bounce off this key level on daily timeframe. This area is the low of the 2023.In fact as mentioned before 2023 for USD is back to full circle at its low of the range.
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[EDU]Doing this will Massively improve your Trading!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
DRC stands for Daily Report Card
To be all transparent I adopted this from smb capital. Credits and Kudos to them.
I used it and did some modifications to suit my purpose. So you can do the same to what I have over here and modify according to your requirements.
The purpose of the daily report card is to help you keep track of your whole trading day. If you do have a day job or what not, you can adjust the DRC to be cater for a week or few days. It's up to the individuals.
So, this Daily report card of mine basically looks something like this as shown above in the charting space. And let me give some details on each of this sections.
Daily Analysis
In this section, you should start off with how you have felt in the morning. Do you feel refreshed and pumped up, or grouchy as you have had not enough sleep? Or are you feeling miserable or unhappy over the big lost you had yesterday? You can put it down over here.
Then continue on for how you would prepare your trading day by first analysing the market that you are trading on.
Goal
This will be link with the goals that you have set fore for yourself. Try to put a goal that you wanted to achieve by end of the week, month or quarter. This doesn’t necessarily be the big goal you have. It can be subset of the big goal you have.
Some examples can be, to increase my position size from 1% to 2%. Or to be able to hold my trades longer, sticking to pre-defined exit strategies and improving my risk to reward ratio etc. This goals does not necessarily needs to be monetary.
Reminders / general truth or principle
You can put some reminders and principles for yourself here. You can start off with things like focus on your goals and not the PNL, focus on your trading as required and remove any distractions (e.g. social media). These are just some examples of the many and I will leave that for you to fill them up.
What I learned/improved upon today?
To this, you can write something that you find interesting or learn about the market. For example, if you are day trading, GBP could have a particular time that you have observed where it reverses it trend. OR it could just be that you come to realize some interesting trading setups using a particular indicator etc.
Important trade, if any
Over here, you should document down trades you find it important for your to remember or refer back to later on in the week or future. This can be trade that you have did well or a trade that you performed badly. Jot it down so that in the future you can revisit and learn from it again.
Change need to be made from today?
Here are some things that you felt that you should act on it immediately for example, if you lost yourself and be emotional on losses. Put it over here and evaluate what has happened and act upon it. Or you have entered a trade haphazardly ,in fear of FOMO etc.
Overview
Just a 1-2 sentence to sum up your day.Nothing in particular but jotting down your thoughts of the day.
Finally take a look at the top left hand corner of the table I had for you. There is a X /5 which denotes the score you gave yourself on that day (if you are doing it on a daily basis).
Over here, have your own scoring system to give yourself score and hold yourself accountable for it. You can do something like, giving a score of 1 for daily analysis section, 2 for goal and 1 or important trade etc. Just to evaluate how you have done for each of these section is a quick way.
It's the year end and if you have yet to evaluate your trading performance and not sure how to go about starting, do check out the link i provided below for the post i have put up recently.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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NZDUSD sell analys...I see we broke the support and even kinda retested it. As its below the cloud I should be looking for sells only. It aligns with the 4hr time frame too. The SL could be wider than on the picture... maybe around like 0.6144 or so. But I personally dont use any sl and rather monitor the market and use alerts.
USDCHF could be bottoming out on H4Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
The USDCHF if bottom out now, i could likely be testing the next downtrendline as shown on h4. For now it seems good to look for long on pullbacks.
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EURUSD still bearish it seems ?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
From daily chart we can observe that EUR is sitting on a Support zone, through h4 to h1 the chart is still bearish. So for me unless something changed, I will still go on short on EURUSD.
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Usd , i am slightly bullish of it break higherHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Lookin at USD, right now it is at a key level on h4 to break up higher,Either it gonna break that R and go higher, which i am slightly leaning towards this since the trend is still up on h4 and h1. But if it fail or false break higher, it would be turning lower.
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NJ,trend still pushing for more upside?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
NJ on the higher timeframe of D1 and H4 still bullish to me. Decent pullback should be buying and good for swing long up.
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Usdsgd still bearish bias Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week, i mentioned about USDSGD having to make more downwards movement (in my tradingview stream), this coming week i believe it would be the same considering the break of the support and currently just tested and seems rejecting it.
Let's see how it unfolds next week.
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GbpCad hold or not to hold?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly.
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[EDU] Trading the Chart pattern SeriesTrading the Chart pattern
Basics and Advanced Concepts
Anatomy of Head and Shoulders
Head and shoulder could possibly be one of the most common chart pattern we see on the chart. So what makes up this pattern?
They are:
1. Left Shoulder:
> The left shoulder forms as the price initially rises and then experiences a pullback. This creates the left peak of the pattern.
> The pullback is typically less severe than the subsequent pullback after the head is formed.
2. Head:
> The head is formed when the price makes a higher peak than the left shoulder, indicating a strong upward movement.
> The head is the highest point in the pattern and is often characterized by increased trading volume.
3. Right Shoulder:
> Following the formation of the head, there is another pullback in price, creating the right shoulder.
> Similar to the left shoulder, the right shoulder is usually lower than the head and is accompanied by a decrease in trading volume.
4. Neckline:
> The neckline is a horizontal line that connects the lows of the left shoulder, head, and right shoulder.
> The neckline serves as a support level, and a significant break below this line is considered a confirmation of the pattern.
This is Shown in Figure 1
Advanced Concept
Of course, the world is not Perfect, and so is the financial market. "textbook" head and shoulder patterns would be a small fraction of the head and shoulders formed in the market. Therefore, we should also be aware of "catching" these other variants!
Complex head and shoulder
Figure 2
> could be one that has more than 1 left shoulder.
> Right shoulder made a new Lower Low, tell tale sign this uptrend is weakening
Extended head and shoulder
Figure 3
> the left and right shoulder showed extended stretch in terms of duration but still it is a head and shoulder in nature
> at the same time, this pattern also brings out to yet another variation, head and shoulder no necessarily is a reversal pattern. In this case it is a trend continuation pattern!(if you didnt realize that)
:)
Head and shoulders pattern as continuation Pattern
Figure 4
> over here we have a trend continuation pattern of head and shoulder
> 2nd, it has a slanted neckline
> other than that it is pretty much a classic head and shoulder.
Hope you all learn something from this article!
Cheers.
Follow and like my post if you find it useful!
Thank you!
Eurcad potentially to flip if eur weakens**Find out more from my Tradingview Stream this week**
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The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Gbpusd should be among the stronger ones..If usd still weakens, likely more bias to go on long on GU if it has pullbacks!
**Find out more from my Tradingview Stream this week**
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Interested in following me and getting daily updated analysis?
Like and follow me on Tradingview for fast updates!
Thank you!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Usd daily at 50% fib but still weak..Could possibly form a double bottom here..or just keep crashing down....will see or react accordingly!
**Find out more from my Tradingview Stream this week**
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Interested in following me and getting daily updated analysis?
Like and follow me on Tradingview for fast updates!
Thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GOLD: Rebound in short Term?Hi Traders!
From a technical point of view, Gold is approaching some interesting support levels, and we cannot rule out some technical rebound, perhaps at the beginning of next week. If Gold falls below these levels, in the short term we expect some profit taking and some timid rebound cannot be ruled out. Move stop loss to breakeven as soon as possible.
Trade with care
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