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EURCAD Structure doesnt change, still look for sellHi everyone: Beginning of this week we saw a sell opportunity on EURCAD, and we see price did get push down to the recent lows before bouncing back up. However, the larger higher time frame structure does not change, and we now have a recent double tops, higher time frame rejections. We see price get pushed down on the lower time frame and now potentially forming a continuation correction. I would wait for the correction to develop and look for sell entry down to the recent lows again. Thank you
Short
by jojofang0901
13
XRPUSD Can we get this bullish confirmation out of the structureHi everyone: Looking at XRPUSD for bullish up move. When we zoom out to the higher time frame, we see a strong bullish impulse after a sharp move from Covid. What we now is a confirmed larger continuation structure, and price manages to break out of it. I am patiently waiting to see what the price will do here to form a continuation correction to take it up to the recent tops, or a strong bull move to break out. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
2
EURUSD I am still looking for the sell setupsHello traders: Even tho EURUSD had a strong bullish run since yesterday, I am still having a short bias on it. My reasoning behind the sell is that structurely we are still valid for a short move to the downside. From my previous analysis, price did not manage to break down from that structure, but did manage to move up more. However, structure is ever evolving and I see the extending structure on the price action. What I want to see before consider a sell would be a confirmation bearish impulse move, followed by continuation correction in the lower time frame. Still looking very promising for a good Risk:reward trade down. Thank you
Short
by jojofang0901
3
How & Why I do backtesting in trading Hello everyone: Here to do a quick educational video on how I do backtesting in trading. I will utilize tradingview’s replay function and go over briefly on how I use it. I will also explain the benefits of doing backtesting. How it will strengthen a trader’s mindset and analysis. Key Concept on Backtesting: -Doesn't matter what trading strategies/setup/style you use, you need to backtest it so it becomes second nature to you when you are doing your analysis on the market. Simply watching your mentor’s screenshot and videos are not gonna be enough. Get hands on, do your analysis on past prices and see if they play out. How many times win and lose over the same setup on the same pair? -When you see how your strategies played out in the past, the easier it will be for you to identify them. Looking for a setup should be a simple task once you are familiar with your strategies. It should not take hours to do so. -Your mind is “programmed” now into finding your strategies on the current market condition, regardless the other “noise." Once you train your mind to understand your strategies will work, then you will simply filter out random things you hear and see. They won't bother you anymore. -The more you see your strategies play out, the more confidence you become in your trading analysis. Trading is a mind game. Master your mind, master the game. Understand that your trading success depends on you and you only. When you are confident in your trading plan and strategies, you simply will accelerate in your trading journey. Feel free to comment and ask questions, Thank you.
OANDA:XAGUSDEducation
by jojofang0901
2
EURUSD Sell Setup UpdateHello everyone: A quick update on the sell opportunity on EURUSD. As you know I been looking at EURUSD since beginning of last week. We saw price form a rising wedge pattern from my previous analysis, price did break down from it, but managed to retrace back up and form another structure. Last bit of price action we see a Head and Shoulder pattern, and followed by a strong bearish impulse on the lower time frame. I do want to see a confirm breakout of this current price action structure, and form continuation correction for me to enter the sell. Thank you
Short
by jojofang0901
3
AUDUSD can we get a confirmation sell ?Hi everyone: Looking at AUDUSD for sell setups from the top. We see on the higher time frame, price hit a double top and then had a sell move down. Price action begin to form a channel structure, correcting itself up once more, potentially hitting the top to form a triple tops. What I like about the last bit of price action is the structures that is forming. I would be looking for sell setups from the structure if we get continuation corrections on the lower time frame. Thank you
Short
by jojofang0901
GBPJPY Structures within Structures Short UpdateHi traders: GBPJPY short updates from earlier week. Price did manage to break out from the correction sell from my last analysis, but quickly retrace up to form an ascending channel correction up. What I see now is a completion of structures within structures, presenting a very good opportunities to continue to sell momentum. Price had a strong impulse move down, and formed a lower time frame correction along the way, broken out of the channel structure. Now I will wait for more continuation correction, and add into the sell. Looking still very valid to go to the previous low. Thank you
Short
by jojofang0901
DXY Dollar Index WeaknessHi traders: Here is my outlook on DXY, Dollar Index for the upcoming weeks. We can see how the price has moved in similar fashion over and over again in the past. After a strong impulsive move, price always correct itself and prepare for the next move. What we as traders need to identify is the correction structures, and forecast the possibilities so we are prepare for the next impulse. What I see currently the price is already forming a continuation correction, and whether it breaks out now, or correctively move to the top of this structure and drop down. This is a good indication that we can expect dollar weakness for the up coming time, and weakness against USD pairs. Thank you
TVC:DXYShort
by jojofang0901
Why I decided to change my trading style and method after years Why I decided to change my trading style and method after years: First of all, I am not here to bash and talk negative on other traders who are consistent traders who do use these methods to their success. I am sharing my on personal journey and opinions, based on past experiences and past journal/history. By no mean I am saying my current style or strategies are better. I am creating this post for educational purpose only, no offense/criticize is done here to anymore. 1. I actually used to trade with S/R, supply/demand zone, and small number of indicators (MACD, EMA, RSI...etc), you can look back at my tradingview post years ago. 2. I have been somewhat consistent with those strategies and methods, and do generate profits within the years that I have adapted those type of strategies. 3. The time when I decided not to implement those methods anymore, is because when I back test and look back at my trading journals and history, I find out ways that I could improve my trading potential. 4. I realized many of these S/R, indicators are actually acting as an invisible barrier for me when I trade. 5. Many of my trades in the past have been short lived due to me sticking to my trading plan and exit a trade when the price hits a certain "criteria" such as 50 EMA, some S/R zone, or fibs level...etc.. 6. While its good to follow and stick to my trading plan and risk management, but when I do self reviews on past trades, I begin to find out there is a lot of profit I am leaving on the table. Or, poor trade management due to similar issues. 7. I begin to do in depth research on these topics and come to my personal conclusion. 8. The true is, I dont need any of those indicators and S/R level/zones on my chart. Simply remove all of them and see how the price is on a raw level. 9. I fully understand when the price is in its impulsive phrase, none of these indicators or levels can "resist" or "support" the price. The price simply breaks them or "impulse" through them. When the price is in its corrective phrase, this is when those levels or indicators work since price is in a correction nature and allowing those levels or indicators to "catch up" to the price. 10. When I dig deeper and more research and analysis, I begin to see the market on a totally different level. I realized how the market moves, and why it moves. 11. There is a saying, "Dont just believe what the others are telling you", or "Try it yourself before saying it out loud". I certainly put in time and effort into this and have done substantial amount of work to be confidence to express here. I hope this brief post is helpful for those traders who are still trying to identify how to trade and what to adapt in their trading plan. I welcome any positive/constructive comments, feedback, suggestions or opinions. Thank you
BITSTAMP:BTCUSDEducation
by jojofang0901
3
How you NOT use Fibonacci! Support&Resistance for beginners!Hey everyone, welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-) There is way more to say about resistance and support-levels. Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic. I just wanted to give you an example how the market works and how it respects resistance and support-levels. There are more Traders than those who safe profit to cause resistance or support-zones. Stop-Loss-Levels gets triggered, Take-profit, fundamentals, those who are flat and wait for signals and so on. If you wanna see more about that topic just use the comment section and tell me more about your wishes. :-) You can also PM me! Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. :-) Need education or more signals? PM me. :-)
COINBASE:BTCUSDEducation
by Trading2ez
15
LITECOIN (LTC) Key Areas - StructuresThe LTCUSD has been quite like many other cryptocurrencies last few hours. It moves sideways and did not make any structure high or low. I placed the major support and resistance levels on the chart, where the big orders are most likely to be placed. The price acted on those key areas multiple times and it is expected to have an impact in the future as well. Currently, I do not see any opportunity to go long or short. I will await how the market develops.
BITFINEX:LTCUSD
by Art_of_Trading
NZDCAD: Two Scenarios For A BuyA buy on NZDCAD seems the most favorable option as price is in a correction phase. This correction can develop into two types of flats, Running Flat in "Scenario 1" or Expanded Flat in "Scenario 2". The only difference between these structures is that the latter breaks the low of Wave A while the former doesn't. And of course an Expanded Flat means more stalking time for the trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Long
by 6.1.8.Family
EURUSD Outlook for the weekWith the EURUSD we saw last week a break below a previous key level on the monthly. The pair has since come back up and found some resistance with this level. We have what looks like a bearish flag forming. We have had a 382 retracement, looking at the fib extension and fib inversion we see the 1.27 and 1.618 line up with an area of monthly support. I feel we could see further lows if the pair fails to break and close above the monthly level on the Daily charts
Short
by Wonour