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Impulse

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
GOLD One more move down before the big bullish reversalGOLD One more move down before the big bullish reversal Hey traders: Similar like Silver's price action, I do see GOLD can have one more move to the downside on the short term, before reversing up and continue the higher time frame bullish outlook. We can see the price is repeating similar price action like previously, where a move to the upside did not continue, rather it had the reversal impulse down, and follow by a bearish continuation correction to push lower. We we can reasonably expect the same potential on the current price action to develop similarly, and looking for the next bearish impulse phase to happen and push down the price to either the previous lows of the double bottoms before the upside move, or price may break pass that level, but at the bottom of the HTF channel, still expecting the bullish reversal to happen. Be on the lookout for the completion of the bearish correction first, and look for one more sell potential to the previous lows. thank you
OANDA:XAUUSD
by jojofang0901
43
Silver Short Term Sell, Long Term Buy Hi traders: I briefly went over Silver in the my latest Commodity Outlook video on a bullish mid-long term outlook. While short term wise, I do see the potential sell from a bearish price action on the lower time frame. We can see price is currently in this large, higher time frame parallel channel correction, correcting the previous strong impulse move from after Covid. To complete the higher time frame correction, one more swing lows is necessary to have at least 2 swing highs and lows. The latest price on the lower time frame show us an ascending channel follow buy a bearish impulse down. Lastly price is already forming that continuation correction, so wait for correction to finish and look for short term sell to the bottom of the structure, and be on the look out for the long term buys.
OANDA:XAGUSD
by jojofang0901
34
GBPCHF Bearish Outlook Hello everyone: As we see from the latest GBPUSD price action, it had the reversal from top already, and we can expect similar bearish move from GBPCHF. We can see price originally formed a rising wedge reversal, and then strong bearish impulse pushed down. Naturally price will need to correct, and we see a parallel channel correction with few swing highs and lows. Latest price gives us an ascending channel on the lower time frame, and price pushed down and formed continuations after. What we can expect here is, When price hits the bottom of the parallel channel, either price may break out and continue lower, or make one more up move to the top of structure, before the reversal from the top. thank you
Short
by jojofang0901
27
USDJPY Expect Short Term Sell Setups Hi traders: Most of the USD and JPY are looking to continue the strength, and looking at USDJPY's price action, I am more leaning towards the JPY strength to lead to a sell potential. We can see that price is now forming a potential double tops, together with the ascending channel correcting to the previous highs. we could see price forming the "M" style reversal structure, and expecting the bearish price action to breakout from the channel and continue. Personally I would be patient here, and wait for price to break down first impulsively, and follow by continuation correction on the lower time frame for the entry down to previous lows. thank you
Short
by jojofang0901
43
USDCAD Look for bullish continuations Hi everyone: USDCAD is also showing strong bullish price action, and we can expect some buy opportunities if continuations price formed. We can see price has already pushed up from the reversal correction at the bottom of the descending channel. Strong bullish push up from the price, naturally will need to correct before the resume of the next impulse phase. We did see a continuation structure form, and a breakout from that correction. So the confirmation now would be to wait for a LTF continuation correction to form and complete, to give us the buy entry to the next highs. Thank you
Long
by jojofang0901
44
OIL Hit Previous highs, expect bearish reversal Hi traders: We can see price has finally reach the previous higher time frame highs, and potential double tops in the making. Price then formed a smaller, lower time frame ascending channel while in the larger, higher time frame parallel structure. All good bearish confluences price action. Latest price has shown us a strong push down from the price after reversal from the HTF double tops. Wait for price to breakout completely, and look for LTF continuation correction to complete before looking for the sell entry. Thank you
TVC:USOILShort
by jojofang0901
25
NZDCHF Simple Buy Plan Hi everyone: Looking at NZDCHF here for the potential bullish up move. We can see after the strong impulse phase from the market, price naturally fall into a different correction structure. As long as price remain within the consolidation phase, we can expect a correction complete and look for the next bullish impulse phase. On the latest price action, a lower time frame descending channel, follow by a bullish breakout is a good development of a potential up move. For confirmation entry, either price will need to breakout completely, and form lower time frame continuation correction for the buy or price may have a false breakout, then watch for short term corrective move downside, and look for bullish reversal at the bottom of the higher time frame structure. thank you
Long
by jojofang0901
22
Weekly Trading Recap: GBPCHF, GBPUSD, CHFJPY July 3rd 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week. I will explain my approach on the entry, SL, TP and management. GBPCHF: Running Position Full analysis/forecast: GBPUSD: Closed down for +1% profit Full analysis/forecast: CHFJPY: Out for Break Even Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
28
Commodities Mid/Long Term Outlook (Gold, Silver, Oil, Platinum) Commodities Mid/Long Term Outlook (Gold, Silver, Oil, Platinum, Copper, Natural Gas) Hello traders: Let's take a look into some Commodities current price action, and see how some of these may play out in the mid to long term future. I will give my analysis and forecast on them, specifically what to look out for in the market. Make sure to have your own trading plan, risk management, and expectations in trading overall. What we look for is price action confirmation and development, so if the price does not end up forming the right structures and technical setups, move on and no trades enter. Any questions, comments or feedback welcome to let me know :) Thank you
OANDA:XAUUSD
by jojofang0901
36