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Impulse

EURUSD Once Again Looking for Buys from the bottom Hello everyone: Been quite busy these days and not much time to write out analysis, mostly doing the live stream as a way to share outlook and forecast. Here on EURUSD, its nice to start seeing potential bullish opportunity once again. From my previous buy forecast, price indeed had the bullish up move, but didn't continue further, instead it had some reversal down from about 1.19. Now, the price has move down correctively within a descending channel on the lower time frame, and hitting a potential higher time frame double bottoms. These are all good signs of a bullish reversal price action. To confirm the upside, we must wait for clean bullish impulse up, breaking out of the LTF descending channel, and wait for continuation correction to form and complete for the next buy entry. thank you
Long
by jojofang0901
18
Weekly Trading Recap: AUDNZD October 2nd 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. AUDNZD - First Entry: Running about +2% Second Entry: BE Third Entry: Running about BE Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
19
USDJPY Wait for bearish reversal confirmation Hi traders: Looking at USDJPY now for possible bearish reversal entry opportunities. We can see price had several attempts in the past to continue lower, but never had enough momentum to continue. Instead price continue to consolidate within the current correctional structure. What this development is telling us is that price is simply evolving into a bigger correction phase, but the bearish downside bias from the higher time frame and lower time frame are still valid. The latest development is price had a strong bullish push up the the previous high, and potential this could be the top now for the price. Just like my previous analysis on the bearish sell, best to wait for price to had the first bearish reversal impulse down, and follow by continuation correction for the entry to the downside. Thank you
Short
by jojofang0901
64
When/How to move SL to BE and to profit in a running trade ?Hello everyone: Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position. In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits. In this example of EURUSD, I managed to get 2 entries in, and manage it to my best ability and secure profits Trade close down for +7.9% profit Original Trade Forecast and Analysis: This is a topic that will have various answers across traders, as this is certainly up to each individual trader’s strategy, style, and management approach. So understand there is no right or wrong, “holy grail” kind of decision. It's up to you individually as a trader. I will share my management, and why I choose to go with these types of approaches, and you can certainly use them to your advantage to tweak/modify them to fit your strategy. Few things to keep in minds are: 1. Moving the SL to BE or/and in profit is a way to protect your entry, as well as secure profit. 2. Sometimes moving the SL too early may “choke” the price, and you can get stopped out for BE or small profit. Then watch the price take off in your desired direction, which can create negative emotion. 3. Whereas sometimes if you don't move SL to BE or in profit, you can watch a trade that hits 3:1 RR or more, end up reversing down, passing your entry point and to your actual SL of -1%, which can also create negative emotion. 4. No perfect scenario or management when it comes to the aspect of trading, as every trade is unique, and different outcomes may happen, since the market itself is not perfect, and can do whatever it wants to do. Now, I will explain my own management when it comes to moving SL to BE or/and in profit. Certainly this is NOT the only way, nor it will be the best way, but over the years of backtesting & chartwork have given me reassurance on these types of management ways. I will then show some real live examples on the trades that I closed down, and how I manage them as well. CADJPY - Original Trade Forecast and Analysis: GBPJPY - Original Trade Forecast and Analysis: CHFJPY - Original Trade Forecast and Analysis: NASDAQ - AUDNZD - Original Trade Forecast and Analysis: First, a general rule of thumb for me. IF the price has hit about 1:1 RR or so, and has broken past the previous recent lows, I will move my SL to BE. There is no exception in this rule. Again, I explained earlier that sometimes this will help you to protect your entry when price reverses, and sometimes it will choke the price. In this case, I would rather take a BE first, and re-look for entry again in the same position, as long as the bias and the price action is still valid on both the higher time frame and lower time frame. Second, once the entry is in some profit, say 2:1 or higher, I generally will move the SL up to about +0.5% profit or so. Just want to secure a little profit while not choking the price entirely. Third, once the entry is in 3:1 profit, then I will move my SL to +1% profit. This is where I generally will decide whether I should take full profit here, or hold the trade for a mid-long term if the higher time frame has given me the bias. Fourth, since the trade has already been in 3:1 profit or higher, generally we can expect a continuation correction to form now after the impulse phase. If it's a smaller correction and price isn't reversing up sharply right away, I will move my SL to about +1.5% profit, set my alert above the continuation correction and observe the development of the correction. This is generally a point where I can decide to hold the trade longer, or if it reverses up from the continuation correction, then exit the trade for profit. Fifth, if we start to see a possible reversal development, then I will move down my SL to the recent swing highs/lows, or just above the reversal correctional structure, and will let the trade tag me out for profit if it reverses. Any questions, comments or feedback welcome to let me know :) If you enjoy these contents, and the educational lessons are helpful, please press like, subscribe and follow for more. Jojo
Education
by jojofang0901
89
AUDNZD Still Eyeing the Bullish Reversal Price Action Hi traders: AUDNZD is still on my watchlist this week and very patiently waiting for the correct bullish price action to develop before the confirmation entry. What we see here is still a reversal bullish price action in the making. rice correctively move down within the higher time frame descending structure. As we know correction can continue to correct, and we shouldn't enter anything unless there is signs of bullish price development on the lower time frame. Latest development shows price has completed a LTF descending channel, and there is some bullish impulse up move, good idea to wait for continuation correction to form. This could be the first sign of entry for the upside, or simply wait for price to complete the HTF descending structure, and follow by continuation correction to buy is another alternative way. Thank you
Long
by jojofang0901
46
Weekly Trading Recap GBPJPY, NASDAQ, EURAUD, GBPNZD Sept 25 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. GBPJPY: Exit for +3.12% profit Full analysis/forecast: NASDAQ: Exit for +2% profit Full analysis/forecast: EURAUD First Entry: BE Second Entry: -1% loss Full analysis/forecast: GBPNZD: Originally had the SL at BE, some slippage on the price during rollover. -0.5% loss Full analysis/forecast: AUDUSD: -1% loss Full analysis/forecast: CADJPY: Exit for +5% profit Full analysis/forecast: CHFJPY: Exit for +3% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
36
AUDUSD Bullish Reversal Price Action, Watch for Buys Hello traders: Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development. After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations. Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be exhausted. Latest development after a bullish impulse up, was followed by a channel/flag like correction, this leads to a right shoulder development of an inverse H and S pattern. We can now see price has indeed impulse out of the correction now, so good idea to wait for last confirmation of a LTF continuation correction to develop and finish, before jumping into the buy to the recent tops. Thank you
Long
by jojofang0901
39
Elliott Wave Analysis: NZDJPY Is Looking For The 5th WaveHello traders! Today we will talk about NZDJPY pair, its price action from technical point of view and wave structure from Elliott wave perspective. As you can see NZDJPY is trading bullish, ideally within a five-wave impulse from the March 2020 lows, mainly because of current slow price action and corrective wave structure with perfect support at the 50% Fibo. retracement of wave 3 that belongs to wave 4. Well, we believe that there can be room for more upside within wave 5 to complete a five-wave cycle before we will see bigger and deeper corrective decline, especially because of recent break above channel resistance line, so watch out for a continuation higher towards 82-84 area. Trade well! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
1
Multi-Time Frame, Price Action Analysis on Japanese YEN StrengthHi everyone: Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market. I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well. Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from a multi-time frame, price action analysis point of view. I will go over the best ones to look out for, and share my original analysis/forecast before the moves happened. In addition, my plan on how to manage the current live positions, and plan on how to scale in new entries as well as other pairs. Starting from the current positions that I am in: CADJPY: Currently running + 6%, 6:1 RR Original Analysis/Forecast: CHFJPY: Currently running + 3.5%, 3.5/1 RR Original Analysis/Forecast: GBPJPY: Currently running + 3.5%, 3.5:1 RR Original Analysis/Forecast: EURJPY: Got out for +2.8%, 2.8:1 RR Original Analysis/Forecast: AUDJPY: NZDJPY: USDJPY: 2 entries total for BE Original Analysis/Forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
Short
by jojofang0901
19
SOLANA Is There More Upside Opportunity ? Hello traders: SOL has been on a massive bullish up move, they question is can we still get continuation up move ? We can see after the strong bullish impulse up, price naturally needs to correct and consolidate, which is what we see here. A bullish flag/channel correction in the making, which gives us bullish bias for continuation price action. Latest price does see a lower time frame impulse out of the structure, good sign for continuation. To confirm the buy move, watch for lower time frame bullish continuation correction to develop and complete, before consider your entry up. thank you
FTX:SOLUSDLong
by jojofang0901
24