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Impulse

Will the USD lose its momentum ? Bearish Reversal Price Action Hi traders: Looking at DXY here to get a better picture of how the USD may develop into the next few weeks. We can see from the previous descending channel and my outlook, we have a strong bullish impulse, reversal from the descending channel. After the strong bullish up move, price begin to form into another correctional structure. This time its getting squeeze into a potential rising wedge. As we know these type of price action structures are best with its pair with other bearish confluences. We see a potential double tops as well. Be on the look out for how the price will approach the tops, look for lower time frame bearish reversal price action to confirm the downside potential. Price may continue to correct upwards, so be patient and don't jump the gun. Wait for clear bearish impulse follow by continuation would be the best. thank you
TVC:DXYShort
by jojofang0901
32
Turning point for the USD ? Watch for bullish reversals. Hi everyone: Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days. What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view. LTF development is showing us a sign of a bullish reversal price action. A nice falling wedge/descending structure is hitting close to a down bottoms, and a LTF impulsively break up. Now, all we need now is a bullish continuation correction to develop and that will give us the last confirmation for the buy potential to the previous swing highs. Thank you
Long
by jojofang0901
44
Looking at the Russel 2000 index. Some over analysis. I get so many strategies colliding into each other I end up with no clear trade signals. Something that I can't do very well, but I can at least talk about, is the need to take a very simple strategy, then apply fine tuning onto it. When I am rushing into trades (because I want to get it over with) I take several major strategies and collide them. This yields a very messy concentrate. I then tend towards looking for channels and triangles. The market is an efficiency machine. If you are wondering why the market is behaving in a way you can always start again safely at that conclusion. The market is an efficiency machine, nothing more, nothing less. Then build your extrapolations from there. This will ensure your construction is on solid ground.
CME_MINI:RTYU2021
by emehoke
BTC Price Action Outlook, Think about the 2 possibilitiesHello everyone: Most of the crypto had some strong bullish price action last couple days, and many are looking to buy and hold for long terms. While this is certainly a possibility, let me give a 2 possible outlook on the current price action, and explain why this is the time to be extra patient here and observe the price. The bullish outlook, as most people are expected to happen, is looking great as the current price action structure is a descending structure, and a strong bullish impulse phase up. Naturally we would want to see further LTF continuation corrections, and the most important part is to break above the previous swing highs, and continue higher with further bullish continuation corrections. However, we should also consider the HTF overall price action, and the possibilities of a bearish continuation correction. The bearish impulse phase, can still leads to a bearish continuation correction to push the price lower. So understand that price can make a move up, but hitting the previous highs, and begin a LTF reversal price action, and creating a bigger bearish structure for the downside move. Ideally we all want to see the bullish move to continue and expect further bullish impulse phases on the LTF to push the price higher, but also understand what is possible from the price as well so we don't "marry" our analysis. Always have different possible scenarios. Thank you
BITSTAMP:BTCUSD
by jojofang0901
35
ETHEREUM Bullish Short Term Price Action Hi traders: Also looking at ETH for the short term up move. WE can see that price manages to move down correctively once again in a descending structure, hitting a double bottom. The HTF structure is looking to complete with a few swing highs and lows. Latest price on the LTF has a strong impulse move breaking out of the descending structure. Look out for a bullish continuation correction, inverse H and S pattern to get in the buy entry. If price can break out of the HTF structure, then expect further continuations to the next top Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
34
Weekly Trading Recap NASDAQ, USDJPY, CHFJPY, EURAUD July 24 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. NASDAQ: +1.83% Full analysis/forecast: USDJPY: +1.50% Full analysis/forecast: CHFJPY: +1.60% Full analysis/forecast: EURAUD: -1.00% Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you
OANDA:NAS100USD
by jojofang0901
26
Continuation & Reversal Correction in price action structures In-depth look at Continuation & Reversal Correction in price action structures/patterns Hi everyone: Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis. As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market. To me, the most important part of identifying the next impulsive phase of the market, is to understand how correction works. An impulse phase usually happens after a correction has finished correcting, so the key is to identify and understand how a corrections structure will complete so we anticipate the next impulsive move. You may have seen my videos on this topic, but today I will go more in detail on this, and explain the 2 types of correctional structure the market can create. The market can only be in 2 phases, impulsive phrase or corrective phrase. In addition, the corrective phrase can only be continuation, or reversal. So to fully have an edge in the market, is to understand what the correctional structure the price is currently making, whether a continuation/reversal, then forecast the possible price outlook, and go down to the lower time frames for possible entries. Now, it's important to understand that different traders/strategies/styles will call these patterns/structures in varies names. What they are called or identify isn't important, but the important aspect is to understand whether they are continuation, or they are reversal. In addition, simply seeing price action structures/patterns by itself, is not a good enough entry criteria for me. You want to combine multi- time frame analysis, top-down approach, and with multiples of these price actions all happening so it adds extra confluence for you to enter a particular trade. Seeing a H and S pattern, on a 5 minute chart, without considering the overall HTF and other factors, will not be a consistent move in the long run. Continuation Correctional Structure/Pattern Bullish/Bearish Flag Bullish/Bearish Pennant Parallel Channel Reversal Correctional Structure/Pattern Ascending/Descending Channel Rising/Falling Wedge Double Top/Bottom Head & Shoulder Pattern/Inverse H and S “M” and “W” style pattern Reversal Impulse Price Action I will forward all the price action structures/patterns videos I have made in the past to help you understand each of the structures more. Impulse VS Correction Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern Any questions, comments or feedback please let me know. :) Thank you Jojo
Education
by jojofang0901
40
CHFJPY Look for bearish continuation price action Hi traders Also looking at most of the JPY pairs for potential sell continuations. From the top of the overall price action, we had the strong bearish impulse down, followed by a consolidation period. Naturally we know price needs to correct after a strong move, and we are seeing some good price development here on the lower time frame. With a few swing highs and lows, we can reasonably expect a potential finish of the correction. Watch for some lower time frame bearish impulse phase to begin, and look for the sell entries. If price can breakout of the HTF ascending channel, then expect further continuation correction and add to the sell. thank you
Short
by jojofang0901
36
DOW JONES Watch for reversal bearish price action Hi traders: Last week we saw some bearish price on the lower time frames on the indices market, and this week would be nice to see further downside to confirm the higher time frame bearish outlook. Here on DOW JONES, a larger, deeper correction is formed. We see a clear double tops in the marking, and on the LTF there is a potential of a reversal correction. What I would like to see price this week is a confirmed push down on the LTF, forming any small continuation correction along the way, and break previous recent swing lows. Once price does indeed do that, then expecting the HTF correction to at least complete to push down the price to the bottom of the structure, and re-evaluate to see if we are going to see further breakdown, or a possible bullish reversal from the bottom. Thank you
OANDA:US30USDShort
by jojofang0901
24
EURCHF Bottom of structure, watch for bullish reversal Hi traders: EURCHF is once again at the bottom of its current continuation flag correction, and we can be on the look out for some bullish reversal in the lower time frame. Latest price had a move down to the bottom of the HTF structure, but is currently consolidating. Possible to form bullish reversal price action correction. I will be patient and wait for confirmation from the price, a strong LTF impulse up breaking above the current descending structure and LTF continuation correction to get in the buy. Alternative price may continue its descending correction, so no rush here until we see the breakout and continuation price action Thank you
Long
by jojofang0901
47
Weekly Trading Recap: NASDAQ, USDJPY, CHFJPY July 17th 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. NASDAQ: Running about +1% Full analysis/forecast: USDJPY: Running about BE Full analysis/forecast: CHFJPY: Running about BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
25
NASDAQ Watch for Bearish Reversal Price Action for Sell Hi traders: NASDAQ is looking great for potential bearish reversal opportunities. We can see very clean price action currently with a ascending channel correctively move up to the top of the HTF parallel channel structure. As we know the ascending channel structures are good bearish reversal price action structures/patterns, its good indication that both the HTF and LTF are aligning up for the possible reversal. Watch for the price to have a sharp breakout, follow by LTF continuation correction to get in on the sell. Alternatively since price hasn't breakout yet, correctively moving up is still possible, so be patient and wait for the setup to form and complete before entering, Thank you
OANDA:NAS100USDShort
by jojofang0901
31
Filter opportunities if multiple setups are presenting entries Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries. Hello everyone: Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs. It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs for example, it's a good practice to choose the best ones to enter rather than most of them. When the JPY gets strength or weakness, most of the JPY pairs will move together impulsively, so it's susaintable to filter out all the potential opportunities, and choose the best 1-2 pairs. Taking multiple positions on different pairs of the same currency may potentially put your trading account at a greater risk. Sure, on short term samples and examples, traders may find taking more positions can earn extra profits, but long term sustainability wise, it's not ideal to open up so many positions of the same currency. When traders simultaneously take multiple losses, especially due to correlations, this usually “tilts” the traders, and all sorts of trading psychology effects happen. They may go on to revenge trade, over trade and over leveraged to “win” back the losses they just took. Best to avoid such negative emotions. When I am filtering out potential opportunities, few key areas I will focus on when I choose between multiple pairs: Multi-Time Frame Analysis: Where is the price currently at, and is it in the beginning of the impulse phase on the HTF, or is it closer to the end ? Risk:Reward: 3:1 RR or higher. Can I comfortably enter with proper Risk:Reward ? or is the price already approaching a previous swing lows/highs ? Which pairs may yield the best reward potentially ? Price Action Development: Are we getting the confirmation price action structures/patterns on the lower time frames for entries ? Is there a better, more clear price development between the currency pairs ? Compare the currency pairs with each other, and identify the best 1-2 pairs that fit all the above criteria. Then simply look to set your stop entry orders when applicable. To wrap it up, understand you can always enter or scale in more positions, as the price continues to develop and in your bias favor. As long as our original positions’ SL are at BE or in profits. This way you will never lose money from the original account, while potentially maximizing your profits. Any questions, comments, or feedback welcome to let me know. Below I will list out some of the other educational videos that tie in closely to what we talk about today: Risk Management 101 Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management: How to Enter and set SL and TP for an impulse move in the market Multi-time frame analysis Identify a correction in price action analysis Continuation and Reversal Correction Thank you :)
Education
by jojofang0901
28
EURUSD What Are some possible price action development ? Hi everyone: Was on vacation and got a cold so was not active on the charts, and posting. But now back and ready for second half of July. USD pairs in general have been showing strength since mid June, and there are some possible development that I can foresee. Here on EURUSD, we can see price has already impulse down quite a bit from my previous sell setup, and now approaching to a previous low now. Certainly a few possibility can develop here: Ideally, I would like to see price have a sharp lower time frame impulse break below the previous lows, and form continuation correction and look for further sell. Alternatively, we need to also consider the possibility of a bullish reversal. If price slowly, and correctively move to the previous lows, and form some sort of bullish reversal price action, then expecting a double bottoms here, and buy setups can form and reverse up. Either way, its best to be patient here and wait for the development of the price. No need to rush any entries as we are approaching an area where both scenarios are valid. Thank you
by jojofang0901
33
Weekly Trading Recap USDJPY, USDCAD, SILVER, GBPCHF July 10 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. USDJPY: Closed down for +1.51% profit Full analysis/forecast: USDCAD: 3 Trades closed down for BE overall Full analysis/forecast: SILVER: Closed down for +0.51% profit Full analysis/forecast: GBPCHF: Stop Out for full -1.00% loss Full analysis/forecast: OIL: Stop Out for full -1.01% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
OANDA:XAGUSD
by jojofang0901
33