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Weekly Trade Recap: USDCAD, NZDCHF, AJ, NJ, NU Dec 12th 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. USDCAD: 2 positions closed down for +1.16% profit Full analysis/forecast: NZDCHF: 2 positions closed down for -1% loss Full analysis/forecast: NZDUSD: -1% loss Full analysis/forecast: Trades Enter From Previous Week That Closed Down This Week: AUDJPY: -1% loss Full analysis/forecast: NZDJPY: +BE Full analysis/forecast: ETHUSD: 2 positions closed for BE Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
10
Treat trading like a business or you might not succeedHello everyone: Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry. 1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading. -Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year. 2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses -This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result. Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $ 3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed. -Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable. 4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some. -Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year. In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top. 5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals. -Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion. Acknowledge your mistakes, drop your ego, work on overcoming your mistakes. 6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP -90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well. Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed. IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably. Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life. Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:XAUUSDEducation
by jojofang0901
304
Weekly Trade Recap: AJ+4.03%, AD+2.2%, NJ+1.5%, ND-BE Dec 5 2021Hello everyone: All my trade analysis, forecast are shared on TradingView, and other platforms for free. You are welcome to check them out in the description below or my profile page. Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. AUDJPY: +4.03% Full analysis/forecast: NZDJPY: +1.5% Full analysis/forecast: AUDUSD: Tagged out for +2.2% profit Full analysis/forecast: CADJPY: 3 positions out for +0.25% profit Full analysis/forecast: NZDUSD:2 positions out for BE Full analysis/forecast: NASDAQ: Out for BE Full analysis/forecast: USDCHF: 2 positions closed down for +2% profit Full analysis/forecast: ETHUSD: +1.5% Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
40
Can Japanese YEN Continue its Strength ? Price Action AnalysisHello everyone: Today let's analyze the Japanese YEN market from a multi time frame analysis. Higher time frames to lower time frames point of view. Specifically I will do a full on price action analysis and will also look back at the previous Feb 2020 period during Covid-19 sell off. My general view and bias on the JPY pairs are bearish, looking to continue its strength across the board. Some pairs will naturally have better price action developed, while others are paired with stronger currency hence the consolidation or sideway movement. Let's take a look at the best ones on my watchlist for the weeks ahead of December 2021. Keep in mind that if the market has reversed and the bearish bias and price action are no longer valid, then I will look to exit the positions and move on. Never force any trade, entry or holding positions. CADJPY Current Market: Previous Forecast/Analysis/Outlook: AUDJPY Current Market: Previous Forecast/Analysis/Outlook: NZDJPY Current Market: Previous Forecast/Analysis/Outlook: GBPJPY Current Market: USDJPY Current Market: CHFJPY Current Market: EURJPY Current Market: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
32
Weekly Trade Recap: ETHUSD, USDCHF, NASDAQ, SPX Nov 28th 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. ETHUSD: 2 positions running for +3.2% Full analysis/forecast: USDCHF: 2 positions running for +3.7% Full analysis/forecast: NASDAQ: 2 positions closed down for +3.91% Full analysis/forecast: SPX: 2 positions closed down for +2% Full analysis/forecast: GBPCAD: Closed down for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
BITSTAMP:ETHUSD
by jojofang0901
34
Complete Breakdown & Analysis in the Indices Market Hello everyone: Let's take a more in depth look into the major indices such as US30, US500, US100, UK100, EUR50 and a few other setups. More bearish price action continues to develop across the market in the last few days, and we can certainly be active to look for opportunities. In my weekly market outlook/update live streams, many of these indices have been on watch and discussed during the NY sessions. From last week and beginning of this week, we have been looking into more on a possible bearish move in the market. Below I will share previous setups/screenshots that I share in the live stream and other platforms. We will go into these indices in more detail one by one, and discuss the possible opportunities on all of them. US30 (DOW): Previous Setup: Current Development: Original Forecast/Outlook: US500 (SPX): Previous Setup: Current Development: Original Forecast/Outlook: US100 (NASDAQ): Previous Setup: Current Development: Original Forecast/Outlook: UK100 (FTSE): Previous Setup: Current Development: Original Forecast/Outlook: EUR50: Previous Setup: Current Development: Few other indices on watch: DE30 (DAX) AU200 (ASX) FR40 (CAC) Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:US30USD
by jojofang0901
88
#PLTR - Price possibly rebouncing from key support at 20$?Hi All, my main 3 take-outs from this analysis are the following: 1- Price possibly rebouncing from a key support of 20$ (price has been moving between 27$ and 20$ since a lot f time) 2- 4H chart shws engulfing bullish pattern as also an RSI in oversld territory, which might be a god sign of possible reversal from these levels 3- There are still two gaps at 24$ and 27$ (as also at 31$) that will be needed to be filled sooner or later Not a financial advice, just personal opinion. Do your own due diligence and good luck!
PLong
by FrancescoMerlettini