DOLLAR INDEX (DXY) ____ INCOMING BEARISH MOVEHello Traders,
The dollar has been bullish for weeks now, going after multiple buy-side liquidity. Currently, it is close to a monthly buy-side liquidity (previous high). If this level should hold, we should see price go after the weekly sell-side liquidity (previous weekly low) which you would see on the weekly chart.
If you look left, you will notice how price aligns well with the narrative.
This is just a speculation and no fact but I would be using this view to trade all the dollar pair.
I will make more analysis on the dollar pairs I would be looking to trade.
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Cheers,
Jabari
Tradingstrategies
GBPCHF ____ BEARISH MOVE IN PLAYHello Traders,
This pair has been bearish for the longest. However, on the monthly chart, price seems to be consolidating. It is not in our place to figure out if the consolidation will lead to a rally or a dump but if you look inside the consolidation, you will notice that price swept the previous monthly high giving it the liquidity to go after the weekly lows.
Fast forward to recent times, you will notice that price has a weekly low to hunt and price is printing on the daily chart, a complex head and shoulders pattern.
Are we expecting lower prices? I think so, what about you?
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Cheers,
Jabari
Price Action and Trade Review for the DOW Jones IndexPrice action is key for understanding the major market bias and also for managing risk.
On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades.
In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for trades and the price action that led to trapped traders getting squeezed out of the action.
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EURNZD ____ INCOMING BEARISH AND BULLISH MOVEHello Traders,
Here is a pair that has the potential to provide a bearish move and a bullish long-term rally.
The bearish move will likely complete the retracement on the weekly chart and once the price has traded into the weekly order block, I speculate that the rally will aim to sweep the trendline liquidity that has built up.
Follow for more updates.
Cheers,
Jabari
GBPNZD ____ INCOMING BULLISH MOVEHello Traders,
This pair is likely to head into the weekly demand order block from which I speculate a bullish rally in price. There is also an unmitigated price level and daily supply order block for the price to reach.
Once the price trades into the weekly demand zone, I will go into the 1-hour timeframe to wait for a CHOCH from bearish to bullish to go long.
Follow me for more updates.
Cheers,
Jabari.
GBPAUD ____ INCOMING BULLISH MOVEHello Traders,
This pair is trading in a weekly demand order block from which price could rally. We also have an unmitigated price level which price could go mitigate.
Keep an eye on this pair. I will be monitoring this pair on the 1-hour timeframe to see if there would be a CHOCH from bearish to bullish to go long.
Follow for more updates.
Cheers,
Jabari
EURAUD ____ INCOMING BULLISH MOVEHello Traders,
EURAUD has traded into a weekly demand order block after sweeping sell-side liquidity (equal lows) however, due to the massive dump in price, the bullish rally will not happen immediately.
This dump created a FVG on the daily timeframe which price could trade into next week and continue to ease the bearish move before the bullish rally begins.
Follow for more updates like this.
Cheers,
Jabari
AUDCHF ____ INCOMING BEARISH MOVEHello Traders,
AUDCHF has traded into a weekly supply zone and has just hunted buy-side liquidity. In the weekly order block, there is an unmitigated daily order block that I expect the price to mitigate and react from.
I will be monitoring price movement as it trades in the weekly order block to see if there would be a CHOCH on the 1-hour timeframe.
Follow for more updates.
Cheers,
Jabari
CADJPY ____ INCOMING BEARISH MOVEHello Traders,
This pair has reacted from a monthly demand level and is trying to create a higher high there by hunting liquidity.
As you would notice, price is a few pips away from the weekly buyside liquidity which if it is hunted, a reaction is expected. Looking left, you will notice how price dropped strongly from that level.
My speculation is that price would take liquidity from there and use is as a form of retracement to the weekly order block.
Follow for more updates like this.
Cheers,
Jabari
IS ETH low at 1530 going to hold?(1)ETH last low from the distribution seller bar at 1540 has been taken out. We see some settling at 1530 level with a low test buyer bar coming up. Once this low has confirmed, we will look at the 4H timeframe to get an early top towards confirming on daily and weekly.
For the weekly to continue going down, there is a less than 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south. Let's see if how the trade plans out according to our smart money framework and the VSA methodology.
We will be tracking this potential trade and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn image from our ealier post:
Is BTCUSD third attempt at 24919 going to hold?(1)This is the third swing low of Bitcoin on the daily timeframe. We will track and see if this holds to become a weekly bottom. The difference with this bottom confirmation is that there has been a trend change from a downtrend to an uptrend as shown in the chart image. However,the volume spike is not huge. Another thing that we have observed is that the price level of 24756 on the weekly timeframe has held and has not been broken yet to give a trend change. Hence weekly is still in uptrend as in image below. We have now entered this trade on 4h confirmation bar on a reduced risk in review of the reasons above.
Trade order details
BTCUSD(Long)
E - 26086
SL - 24919
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image of Weekly timeframe
Is USDJPY going to reach its 50% OE target this time?(1)We have entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 40% chance since it is a phase 1 move that the weekly potential high will be taken and for the long move to continue further north.
USDJPY(Short)
E - 147.45
ISL - 146.10
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is gold going to continue further south?We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to our OE tables, we can see that there is a 70% chance that the weekly potential low will be taken and for the short move to continue further.
Gold(Short)
E - 1925.6
ISL - 1953
T - TBC
Trailing stop at 1932
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is US30 low at 34024 going to hold and confirm weekly bottom?(3)We have entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the weekly bottom is yet to confirm. For it to go further higher and have a higher probability to confirm the weekly bottom, it has got to make a second higher bottom and take out the last swing high as shown in the image. Let's see how the trade plans out according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Previous chart reference image:
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Mastering Risk: A Guide to Setting Stop Loss in Forex Trading 🛡
In the world of forex trading, where price fluctuations can be swift and unpredictable, mastering risk is paramount. One of the most crucial risk management tools at your disposal is the stop loss order. In this comprehensive guide, we will explore the ins and outs of setting stop losses in forex trading. We'll provide real-world examples and equip you with the knowledge needed to protect your capital and trade with confidence.
The Importance of Setting Stop Loss Orders
A stop loss order is a predetermined price level at which a trade is automatically closed to limit potential losses. Here's why setting stop losses is vital in forex trading:
1. Risk Management: Forex trading carries inherent risks. Stop losses allow you to define your maximum acceptable loss and protect your capital.
2. Emotion Control : Trading can evoke strong emotions. Stop loss orders remove the need for impulsive decisions during adverse price movements, promoting discipline and reducing emotional stress.
3. Preserving Capital: Successful trading is about longevity. By limiting losses, stop loss orders help you maintain your capital, ensuring you have the resources to seize future opportunities.
Setting Stop Loss: Strategies and Examples
Example 1: EUR/USD Long Position:
Example 2: GBP/JPY Short Position:
Setting stop loss orders is a fundamental aspect of responsible and successful forex trading. By mastering the art of setting stop losses, you can effectively manage risk, maintain discipline, and ensure that your trading journey is characterized by longevity and success. Remember, it's not about avoiding losses entirely, but about controlling them to protect your capital and thrive in the forex market. 🛡📉📊
Let me know, traders, what do you want to learn in the next educational post?
Is USDJPY going to reach its 50% OE target?(2)USDJPY did not manage to go further north to hit our 50% OE target. It has hit our trailing stop.
Trade order summary position:
USDJPY(Long)
Trail stopped out at 14658.
Net P/L: -0.56% Profit
@1% =$1000,
-0.56% = -$560
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is silver going to run further south?(2)We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop.
Trade order summary position:
Silver(Short)
Trail stopped out at 2320.
Net P/L: 1.51% Profit
@1% =$1000,
1.51% = $1510
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
NZDCAD ____ INCOMING BEARISH MOVEHello Traders,
NZDCAD has been in a long-term decline i.e., the price has been bearish for months and is likely to continue. The weekly and the daily charts have printed bearish structures.
Price just traded into the daily order block and is poised to continue the bearish move.
Looking at the chart, you would notice the relatively equal lows (sell-side liquidity) that price should hunt.
Follow for more updates like this.
Cheers,
Jabari
DXY (DOLLAR INDEX) ____ WAITING FOR BEARISH SIGNALHello Traders,
The dollar has been rallying for days and weeks and we are slowly approaching a potential turning point. Price has already cleared two weekly buy-side liquidity (previous high) on its way up and is approaching the third.
Although I am speculating and willing to go short, the market structure doesn't confirm to me bearish sentiment.
I have annotated on the chart any of the 2 price structures that will interest me to go short. Until such a pattern is printed on the chart, I still believe that the dollar will continue to rally.
Once any of these patterns appear, I will review the seven USD pairs to trade accordingly.
Follow for more updates like this.
Cheers,
Jabari
AUDSEK 12/09 MovePair : AUDSEK ( Australian Dollar / Swedish Krone )
Description :
Completed " 123 " Impulsive and Making its " 4TH " Impulsive Wave at Fibonacci Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame if it Rejects from the Upper Trend Line / Demand Zone then Long Term Sell
Project with 20x potential, Atom investing I wrote about this project a few months ago and many people called out that $8 will not budge, but we need to know where the demand is.
Big eco system that needs to do a lot more changes, but I think this is a great price to accumulate if you believe in this project.
This is a monthly graph so it takes time for all this to play out, but is it worth taking the first profit at the highest peak and then a little more if it comes? Of course.
Everyone who short a large market cap knows what the market does when the price goes up.
Tell me your opinion if you like this, and follow for more investing ideas and trading.