Get started

Parallel Channel

DOTUSDT is inside an ascending channel DOTUSDT is inside an ascending channel and not the price is testing the weekly resistance. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
4
EURUSD Did You Buy from the bottom ? What to expect now ? Hi everyone: Let's take a detailed look into EURUSD bullish up move since last week, and what to expect from the current price action moving forward. We can start off by looking at the HTF overall price action, and properly identify the corrective phase on the HTF could be potentially finished, and the next impulse up move can begin. Start looking at the LTF price action, there are many reversal price action developments at the bottom to give us clues on the bullish reversal potential. Once price had the first initial impulse phase on the LTF, we start to see further upside from the price, as they continue to form bullish corrections, followed by bullish impulse and so on. Now that price has broken above the previous high, around 1.18, no signs of slowing down at the current stage. So what can we expect now from the price ? Preferably is to see if price has enough momentum to break above the top of the HTF descending structure, and continue to form bullish correction to push to the next highs. Alternatively, if price fails to break out, and there are LTF reversal price action at the top of the structure, then look to secure profit by moving up the SL and observe the price. Take a look at DXY, we can also see clear USD weakness can happen. As a good risk management, focusing on the best 1-2 USD pairs to evolve would be ideal. Any questions, comments or feedback welcome to let me know thank you :)
Long
by jojofang0901
48
How to use trendline to identify price action structure/patternHi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in. Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows. Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure. Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch. Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example. Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action. After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ? Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse. Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below. Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey. Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage. Any questions, comments or feedback welcome to let me know :) Thank you Below are all my price action structures/patterns videos on different type of corrections. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Impulse VS Correction Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
OANDA:XAUUSDEducation
by jojofang0901
61
Weekly Trading Recap: EURUSD, SILVER,CARDANO August 29 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. EURUSD: 2 positions running for +5.5% profit Full analysis/forecast: SILVER: Running position, +0.5% profit Full analysis/forecast: ADAUSD: 2 positions closed down for BE total Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
28
EURJPY possible scenarios 🦐EURJPY on the weekly timeframe is testing perfectly a confluence zone. The price is testing the ascending trendline and we will look for a break of the structure to set a nice order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
Weekly Trading Recap: CADJPY, SPX, DOW, USDJPY, EURUSD Aug 21 Hello 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. CADJPY: Out for +6.9% profit Full analysis/forecast: SPX: Out for +1% profit Full analysis/forecast: DOW: Out for +1% profit Full analysis/forecast: USDJPY: Out for +3.5% profit Full analysis/forecast: SILVER: Out for +0.5% profit Full analysis/forecast: EURUSD: Out for BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
37
US INDICES..What can you expect from the bearish price action ? Hello everyone: Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for. Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some higher time frame developments are similar in the past from the Coronavirus period, and bearish price action on the lower time frames as well. NASDAQ Higher Time Frame: Lower Time Frame: SPX - Higher Time Frame: Lower Time Frame: DOW JONES - Higher Time Frame: Lower Time Frame: Any questions, comments or feedback, welcome to let me know :) thank you
OANDA:NAS100USDShort
by jojofang0901
30
LATE NIGHT REVIEWS: A Plethora of ChartsIn this video I just quickly go over all the charts we looked at in the stream today and a couple new ones. Main takeaway is the bullish divergences on the daily chart, the high timeframe channels, and wedges, and the fun rounded-top/scallop chart. Hope this was helpful, I just wanted to get these charts out without too many tangents or extra analysis that takes away from the charts observations. Tomorrow we will do a stream where we look at these again, make changes, and then toss a bunch of indicators around.
BITSTAMP:BTCUSD
by GR3ND3L
Weekly Trading Recap: EURUSD, USDJPY, SILVER, NZDCHF Aug 14 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. EURUSD: Running +2% profit Full analysis/forecast: USDJPY: Running +3% profit Full analysis/forecast: SILVER: First Trade -1% loss Second Trade running +1% profit Full analysis/forecast: NZDCHF: Closed down for +3.35% profit Full analysis/forecast: GBPAUD: Closed down for +1% profit Full analysis/forecast: AUDCAD: closed down for -1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
75
Detail Price Action Outlook on GOLD & SILVER Hello traders: Let's take a closer look into GOLD and SILVER. As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view. GOLD From my previous outlook on GOLD: Price indeed made a push down to the swing lows, which could be forming double bottoms. What we need to watch out for on the lower time frames to see if there's bullish reversal price action, followed by continuation correction for the buys. or If price manages to continue to drop lower than the previous swing lows, then expect the price to continue lower to the bottom of the HTF parallel channel structure, before a big reversal up move. SILVER Long Term Outlook on Silver: From my previous short term outlook on Silver: Similar developments like GOLD, we see price does push down to the previous swing lows as well. This is a good area to watch for price development as we could be forming a larger, deeper HTF continuation correction that may be at the bottom of potential reversal area. Alternatively, if price pushes down lower the previous swing lows, but moving in the corrective phase, then we can still expect the bullish reversal up move once correction completes. Any questions, comments or feedback please let me know. :) Thank you Jojo
OANDA:XAUUSD
by jojofang0901
41
USDCHF looking up 🦐USDCHF on the weekly chart found a bottom over the important support structure. The market from there started a nice impulse to the upside. On the 4h chart the price broke the retracement channel and tested the 0.618 Fibonacci level. Now we can expect a continuation to the upside and according to Plancton's strategy if the price will satisfy the conditions we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
12
HAPPY RACCON: CHART REVIEWS: 30 min, 1 day, 4 hrThis videos main focus is on the 30 min chart I am currently watching, as well as some observations on the daily chart and the 4hr timeframe. Why am I happy? Because I can now stream, which means I can freestyle explain and analyze, and then consolidate and streamline that info from the stream into a summarized 20 min video idea. I did 2 streams last night, there was some technical difficulties, but I did go over divergences, and today I should be getting around to making a well thought out 20 min video on divergences, and eliminating all the tangents I love so much. Hope this video was helpful, thanks!
GEMINI:BTCUSD
by GR3ND3L
3
AUD/NZD update! potential long soon in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be looking to play the area, and structure and enter on a 4H time frame, and will hold this position over the next coming weeks. - there will be scale ins along the way and this is something i will be looking at also. have a good week everyone!
by connorfx96
1
Weekly Trading Recap: NZDCHF, GBPAUD, EURUSD, EURAUD, Aug 7 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. NZDCHF: Running about +1.25% profit Full analysis/forecast: GBPAUD: running about -0.6% loss First Entry: Close down for BE Second Entry: Full analysis/forecast: EURUSD: Close down for +1.1% profit Full analysis/forecast: EURAUD: Close down for +0.51% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
45