Shadowing_The_Big_Boys

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys

Hello 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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys

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,...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. DRC stands for Daily Report Card To be all transparent I adopted this from smb capital. Credits and Kudos to them. I used it and did some modifications to suit my purpose. So you can do the same to what I have over here and modify according to your requirements. The...

Shadowing_The_Big_Boys Updated 

Hello 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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys Updated 

Hello 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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys

Hello 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! --...

Shadowing_The_Big_Boys

Hello 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...

Shadowing_The_Big_Boys Updated 

Hello 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...

Shadowing_The_Big_Boys

Hello 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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys Updated 

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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys

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...

Shadowing_The_Big_Boys

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,...