USDJPY top-down analysison DAILY: price is sitting around a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on H1: price is overall bullish making higher highs and higher lows so we are overall bullish.
However, price is sitting around resistance and we have a bearish divergence on MACD.
Moreover, price is trading inside a wedge pattern in orange, so we are waiting for an objective break below our lower orange trendline to sell this one.
meanwhile, USDJPY would be overall bullish.
Trendfollowing
Micro-trend exploitationI share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show.
This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
GOLD - XAUUSD two possible scenariosGOLD is currently approaching a strong rejection zone in blue 1800-1900 so we will be looking for objective sell setups on lower timeframes.
Keeping in mind that price can still dive in inside our zone before going downward.
On H4: price is currently trading inside our red symmetrical triangle.
scenario 1: waiting for price to break below our lower red trendline objectively to sell (trend-reversal)
scenario 2: waiting for price to break above our upper red trendline objectively to buy (trend-following)
BRENT OIL two possible scenariosBRENT OIL two possible scenarios
price is overall bearish making lower lows and lower highs. Moreover, Oil is trading inside our blue channel (not objective yet)
First Scenario:
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on H4: waiting for an objective break above our upper blue trendline to buy.
Second Scenario:
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meanwhile, price is still overall bearish and sitting around our upper blue trendline (which acts as minor resistance) so we will be looking for objective trend-following sell setups on lower timeframes
on M30: price formed an objective trendline in red, a double top pattern in gray, and we also have divergence on MACD
so three confluences are enough to consider sell Oil after a momentum candle close below our gray neckline.
DRILLING FOR OILUS OIL has been in a 2 Hour trend south. The position is still ripe for shorting but only with acceptable risk management and controls. There is a very deceptive RSI hogging the trenches which will be scary. I show how even in a bear market it's possible to exploit going long. In other words if you know what you're doing there's money to be made both ways. No predictions here - this thing could well go north like nobody's business.
EURCHF - the choice is yoursI'm analysing what I see on the chart of EURCHF (a pair that I do not trade). Overall there is much bearish pressure for the south coming from higher time frames. This presents much risk lower down the road. But all that matters is how loss is controlled, when trading between 15 min to 4H (for example). Lower time frames oscillate within envelopes of higher time frame pressure. So I think that's why it is important to 'look higher'.
GBPUSD - of tears for some, joy for othersThis is a classic example of who trend indicators can be used to exploit the markets. Many were simply watching structure levels largely - hoping for GBP to move south. The charts were flashing 'go north' on daily and 4H time frames. Then emerged the opportunities on 30 min to 1H time frames as it pumped north. This is not with the benefit of hindsight? Why? Because the market had all the information right there. The lesson in this for some traders who lost would have been about pitfalls of simply following crowd sentiment.
ETHEREUM: OMG! What just happened in crypto-world?Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
Dual trend exploitationI've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it.
I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however the trend moves in my favour, I shall simply follow it without need of a target or predefined get-out point. In this way I do not need to 'predict' anything.
Psychological trading hack #0003 - finding your true friendIs finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain.
Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast.
So I'm saying, find the tools and the methods which will lead to finding the real true friend. Then let your true friend help you.
USDCAD 6H - longI'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts.
Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction.
Trend-following is not for everybody. In fact, reliable research shows that only about 20-25% of traders are true trend followers.
AUDJPY - a different wayIn this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding.
I show how I made a decision to short.
I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what works best for them.
I briefly mention EBTA but I'm anxious about providing a reference. EBTA is not a service or a broker. It is the result of scientific analysis undertaken around 2007, of some 6400 rules used by traders. The outcomes probably explain why roughly 80% of all trading accounts lose money consistently. Those who wish to discuss can message me (I'm selling nothing).
PERFECT setup but you get dumped? I`ll show you why! :-)#WhalesHey guys,
here quick another video about situation we`ve all experienced and why we get dumped though our analysis and setup was perfect. :-)
WHEN THE BIG PLAYERS dump you!
Hope you enjoy it! :-)
Peace, happy learning and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need signals or more education? PM Me. :-)
EURUSD Part II - High & Tight Flag/Pullback Trade Hey trader's just wanted to do a quick follow-up video on the EURUSD idea that I shared with you this weekend. Price has reacted almost exactly as we anticipated and now that we have a breakout from out head and shoulders pattern we can start making some new predictions and look at a few new trading opportunities.
Akil
NZDUSD - Longer term Long Opportunity The final pair that I discussed in today's video came on the NZDUSD. This setup is still very early in the process, but if we get a higher close on the day, then it looks like we have a good opportunity to continue about 100pips higher offering a pretty decent trading opportunity for you trend traders out there.
Akil