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Remember I mentioned about GbpAud last week, now what?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
Usd same old boring range....Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Nothing much changed as compared to the week before..just a quick update.. play the range, know the game. If you play the range for usd then know that it would not bring you big pips move since its a range. Manage your own risks :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
1
SNP likely flipping lower...looking for shorts on h1 etc...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Flipping on the index to the downside, correlating with the strengthening in USD?Let's see... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
FX:SPX500Short
by Shadowing_The_Big_Boys
Interesting level to watch for GbpAud and GbpNzdHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Let's see how things play out at this key daily level turned Resistance. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
UJ at a flip zoneHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at a potential double bottom to break to the upside, if that doesnt happen UJ likely gonna move lower ,waiting for h1 confirmation... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
Usdjpy looks to break further...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned in my previous 2 articles which you can find the link below, daily trend of UJ seems to be turning lower. though the japanese boj has yet to carry out much actions, chart is still showing bearish signal from daily to h1. bias still to short. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys
USDJPY did what it should do as Per my analysis,what next?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here's my evaluation of the pair and moving forward what is there to expect. But let's revisit what has happened over this week. If you have not yet seen my previous post of USDJPY , you maybe refer to link below or here >> Let's roll back on time on USDJPY to Monday, the start of the week. We see that it has been super bullish on Monday clearing the 145 and even 146.5 level that I have mentioned. First of all we don’t see any sign on turning even on the one hourly chart for UJ. Therefore, nothing for us to short on that day. The interesting part comes on Tues, where it seems like all the technicals aligned. You can refer back to the analysis post I mentioned last week. I mentoned about the downtrend line on the daily and H4. 146.5 area also coincide by the last support turned resistance I hightlighted. So, naturally here's the place for us to look for short, which we saw a breakout of the consolidation and it came lower. If you missed that, we do have opportunities to short 2 more times before the last strong move downwards on Thursday 3am Singapore time. And then, for the rest of Thurs to Fri, it has been consolidating. So, what to expect next? Like I have mentioned, if the BOJ has no sign of increasing its rate, tighten their monetary policy, very likely we would see the USDJPY to resume back its longer term uptrend moves. BUT if the BOJ indeed has some "actions" or hint to increase it rate and tighten, the likely the market will move further downwards. And that's probably why the USDJPY has consolidated right on its up trendline of the year since Jan 2023. Let's see how PA unfolds from here on! Happy Trading! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. ********************************************************************
by Shadowing_The_Big_Boys
[EDU]What has happened to USDJPY?More downside ?Here's my PlanHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. In short, here are some key takeaways from the news on Thursday from the BOJ: asia.nikkei.com - The JPY strengthened by over 5 yen against the dollar in response to comments by Bank of Japan Governor Kazuo Ueda hinting at a potential exit from the bank's negative interest rate policy . - BOJ Deputy Gov. Ryozo Himino's statement that exiting the negative-rate policy would have limited impact fueled speculation of a policy shift, contributing to yen appreciation. - Market briefly hit $141 then settled at $143. - The BOJ is set to hold its final policy meeting of the year on Dec. 18 and Dec. 19. Speculation grows about potential modifications to policy, including ending negative interest rates or adjusting the yield curve control policy. My thoughts: From the pointers above, it is obvious what has led to the sudden strong buying of the JPY (USDJPY goes down). Firstly, ever since Japan's stance on continuing the monetary easing in Japan as compared to other major countries it can be obvious from Chart that JPY has depreciated greatly. Now that there is hint of removing this easing, JPY spiked up sharply. From this event, we can also witness that how a 'few words' from key stakeholders in the Forex market can led to huge volatility in the Forex markets. If you have short positions, most likely you got profits, what if you are on LONG and without stoploss ? So, always manage your position, put stoploss! Moving forward: I feel this effect will be in play till BOJ's last meeting on 18-19 Dec. So from now till then, I would be looking to go short on USDJPY. Looking at the charts (refer to charts): Weekly = Potential double top forming Daily and H4 = Trendline broke with Lower Lows and Lower highs. On H4,I am watching the blue zone for turning points.,namely 145 and 146 levels. Are after 18-19Dec, let's see what speech will be delivered and plan our trade accordingly from there. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
[EDU]How to Evaluate your 2023 Trade Journal and performance?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them. So, without further ado, let's see what we should look at and take note of when we do our year end trading journal review (although this review,in a shorter format, be done on a weekly and monthly or quarterly basis) Before you start we should look at what goals have you setup yourself for. It can be 1 -3 big goals you have for the year 2023. E.g. Hit specific $ for your PNL or improve on your win rate % etc. Are there also minor goals that you have that you added along the way? Then we can move on to our journal. 1. 1st we can have a bird's eye view of things : Overall performance, some metrics that you should focus and look at,they are: P&L Win rate % Expectancy Profit factor Average R multiple Drawdown and max. drawdown Sharpe ratio Worst and Best trades 2. Looking deeper into things : a. Look through all the trades you have done, do you come by noticeable pattern such on the wins and the losses. E.g. it can be you took more number of losses on Monday Morning, or you tend to close off positions without a valid reason to exit etc. b. Filter through your trades to see what time or day you trade best, if any. c. Look at your top 5 to 10 most profitable and most losses trades. Evaluate them in terms of: > Why they end up as a loser/winner > Are they align with your assumptions such as best winners come from your A+ setups etc. > What are the things you did right for your best trades and what you did wrong for those losing trades. What you can improve on them or what you can continue doing things that went well. 3. Psychological resilience : This is important part of the journal as well where you reflect on your psychology throughout the year. You should have it documented somewhere and you can evaluate how well you have managed emotions such as stress, and maintained discipline during periods of drawdown or winning steaks. What you have and have not done and what can be done better. But of course, you should have done it over the course of the year and summarize out some findings along the way. 4. Learning and development : - Look back at the strategies you have on hands, which are your bread and butter setups and what new strategies or setups you have incorporated. - Are there any market insights you acquired over the year, this should come handy to improve your edge in trading. - Also do identify where are your further learning and development area that you can focus to improve your trading proficiency. Finally, here's what I would like to share in the next sharing. I will be sharing how you can proper set goals for yourself and track them then improve consistently as a trader!So, yup, stay tuned! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Education
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
1
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURNZD play the reversal if permitsHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bouncing around at the daily key level. watching for breakout of this consolidation to give me direction! My EUR index also indicated that it is at a key level to hold as a currency. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXYLong
by Shadowing_The_Big_Boys
[Updates] USD upcoming movesHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On a yearly basis USD has been in a wide range as you can see highlighted in daily chart. Right now either this is a correction to head down to 101, OR push back up to 106. Slightly bias for it to head down though Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys
[EDU] Why doesn't Market goes in a straight line? 3 Reasons WhyHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. 1. Market Psychology and Greed/Fear Dynamics Trader psychology plays a significant role in market movements. As prices rise, greed may drive buying, causing the market to become overbought (likewise when market is down). Eventually, fear sets in as traders worry about a potential reversal. This fear can lead to profit-taking and trigger a pullback. This can happen at previous supply demand zone,pivot points, whole or quarter numbers etc) 2. Profit-taking - Traders who entered the market early in the trend may decide to take profits as the price moves in their favor. This selling activity can lead to a temporary pullback as these traders exit their positions. 3. Fundamental Factors - Economic events, geopolitical developments, or changes in market sentiment can trigger profit-taking or reevaluation of positions. Unexpected news or data releases may prompt traders to adjust their positions, resulting in a temporary pullback. (E.g. ECB or FED Speeches, unexpected rate changes not aligned with expectations, outbreak of diseases/wars) Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Education
by Shadowing_The_Big_Boys
[EDU] Why Risking 5-10% a trade is sucidal?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here are 5 reasons why it is too RISKY and you should'nt do it! > Challenges to recover - Large losses require proportionally larger gains to recover. A 50% drawdown requires you to have a gain of 100% to BREAKEVEN! > Emotional Stresses - Trading with such high risk can amplify your stress and anxiety. Fear and panic may set in during losing streaks, impairing sound decision-making and leading to impulsive actions. > Account Blow-Up Risk - You just need to have a string of 5-6 losses and that will be devasting to both your mental and capital, which could lead to margin calls. > Reduced Learning Opportunities - Excessive risk can limit the number of learning opportunities for a trader. If a significant portion of the trading capital is lost quickly, the trader may not have the resources to apply lessons learned from mistakes. Why not risk 1-3% a trade, if at 1% you have under your belt , 100 times to lose ! > Market Volatility Impact - In volatile market conditions, high-risk strategies can be particularly vulnerable. Sudden price movements can result in larger-than-expected losses.What if you got caught in a black swan event? Ouch...That sucks! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Education
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
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. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
USD Should be seeing further downside.Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. The USD as we can see breached the recent Support and pullback on thurs. Technically still on a downside rejecting the down channel. Unless it broke up, if not more downside for USD in coming days. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys