Get started

Impulse

NEO Bullish Price Action to Continue hi traders: I am also looking at NEOUSD to resume its bullish trend. We can see there was a strong bullish impulsive phrase to push up the price. We did see a short term pullback, but it was quickly reverse with a fallen wedge, and LTF continuation bullish price action. Latest price has formed a continuation correction, and price breaks out now. Expect more bullish price action to form and push the price pass previous highs. Thank you
BITFINEX:NEOUSDLong
by jojofang0901
34
Risk Management: Entry in the impulsive phrase of price action Hello everyone: Welcome back to another video on risk management. Today I want to discuss a few possible entries that we can do in the market when we spot the next impulsive phrase of the market condition. I will break down the 3 types of entries that I always look for when I am about to execute a trade. Sometimes we will see all 3 entries present themselves, and sometimes we might only see 1 or 2. So let's dig into these entries. All entries are based on the continuation or reversal structure on the LTF mostly. So I need to see a LTF correction forming and potentially completing before setting any of these entries. In addition, they have to be aligned with the HTF overall direction and bias. Multi-time frame analysis is key. All my entries are stop entry order, meaning the market needs to hit a certain price before getting triggered. Buy Stop or Sell Stop order. You may see variations of these entries in different strategies or styles, but here are my take on them and my way of using them in my trading. Let me give a few examples of each on different markets and pairs to show the potential move and possible entry criteria. Below are same other Risk Management you should know in trading. Risk Management 101 Risk Management: How to set a Take Profit (TP) for your trades Risk Management: How to Enter and set SL and TP for an impulse move in the market Risk Management: How to scale in the impulsive phrase of the market condition? Risk Management: Combine everything you learn to prevent blowing a trading account Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis
OANDA:XAGUSDEducation
by jojofang0901
24
EURNZD Don't miss this next buy Hello everyone: Also looking at EURNZD for the bullish reversal from the bottom. We see price has been correcting itself down within this larger higher time frame descending channel. We hit a daily double bottoms, and price had a initial impulse up. Then a bigger, deeper consolidations formed. Patient is key here to wait for the price to complete the correction it needs to before resuming the next bullish run. Looks like the lower time frame is finally breakout out of the the correction now, so look out for LTF continuation correction to get in the on this bullish reversal to the recent tops. thank you
Long
by jojofang0901
19
EURAUD Don't Miss the next impulse upHello everyone: EURAUD ha finally finished its higher time frame descending channel correction, and is ready for the next move up. We see price has already made a lower time frame bullish continuation correction, and pushed the price out of the HTF descending channel. This is good indication that we are seeing a strong bullish reversal from the bottom, and we can expect the next impulsive phrase to start. I already got in the buy, but certainly seeing more opportunities once price pushes up more. Look for further LTF correction to scale in more buy opportunities. Thank you
Long
by jojofang0901
36
GBPJPY Continuation sell setup Hi traders: Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue. Price showed us a recent double tops, "M" style pattern, and an ascending channel correction. These are very good bearish price action to have on the lower time frame. We then see a strong bearish move on the LTF, and we start to see a continuation correction. Look for this correction to complete an sell to the previous lows. Thank you
Short
by jojofang0901
40
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Education
by WicktatorFX
7
Bitcoin BTCUSD - Elliott Wave UPDATE! + Rising WedgeBullish scenario for Bitcoin: - This is my current bullish Elliott Wave count and as you can see, the price action is currently extremely bullish. - RIsing wedge is generally a bearish pattern, so there is a chance for an ending fifth Elliott wave diagonal. - Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓ - I am not expecting the price to go above the rising wedge, it is possible, but sounds unlikely and can be just a bull trap or liquidity provider for whales. - The volume is decreasing and this trend should continue for next month. - If you want to see more of these ideas, hit "Like" & "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
13
Does news events affect price action analysis in trading ?Hello everyone: Today I want to discuss news events in trading. Often when a news event comes out in the market, we get some sort of volatility and we get a strong spike/impulse. However, does news events affect our ways of understanding price action analysis ? Let's take a look at a few examples of the recent FOMC volatility that happened in the forex, indices and commodity market. Most of the market had a sharp quick move to one direction, hinting a sign of weakness in USD/JPY..etc. However, all of them ended up with a reversal impulse, and recovered all the price from the volatility. So, what can we take away from this ? News certain creates volatility, but not the overall price action trending direction. We may get a temporary short term move, but eventually the market recovers it, and resumes its original direction. Often beginner/newcomer traders will try to “jump” onto the news momentum, but usually end too late, and they will take a BE or losses. We can not control the outcome of the news or whether the news will be positive or negative towards our trades, but what we can control is our entry, SL, TP, risk management, emotions and mindset. Any questions, comments or feedback welcome to let me know :) Thank you Jojo
Education
by jojofang0901
18
GBPCAD - short setupGBPCAD is in a strong downtrend... on the daily market broke below support with a strong bearish impulse which has been followed by a correction to the 0.50 fib making a new lower high, now i am expecting the continuation to downside and market to form another lower low from a daily perspective. On the 4hr timeframe we will be waiting for market to break below this counter trendline and form new 4hr bearish structure then if all other rules are met we can enter on the retest of previous support turned resistance.
Short
by ITSCRYPTO1
Weekly Trading Recap ADAUSD, EURUSD, USDCAD, AUDCAD, Mar 20 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week, and what are still running. I will explain my approach on the entry, SL, TP and management. ADAUSD (Cardano) - BE Full analysis/forecast: USDCAD -BE Full analysis/forecast: EURUSD - BE Full analysis/forecast: AUDCAD - 2 trades closed down for 4% Full analysis/forecast: EURNZD - BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) I will always do a weekly trading outlook live stream at the beginning of each week to discuss any potential opportunities ahead in the forex, crypto, indices, and commodity markets. Feel free to tune in to my forecast. :) Thank you Jojo
OANDA:NAS100USD
by jojofang0901
21
USDCAD Big Reversal Coming, Don't miss the buy Hello everyone: Looking at USDCAD here to have the bullish reversal in the up coming weeks. WE see higher time frame descending channel correction, very good indication the price isn't getting push down anymore. As the latest price pushes down to the bottom of the structure, and a lower time frame expanding structure formed. As we know expanding structures can be both reversal and continuation, so its best we see a confirmed breakout from that structure, and any LTF correction buy to get in on this big reversal. Thank you
Long
by jojofang0901
28
SPX500 Sell setup from the top Hello traders: Similar like my outlook on NASDAQ, I do see the bearish reversal price action in the making. Previous sell from the top did not breakout of the HTF expanding structure, and move up once again to the tops. We then see a double tops in the making, and a LTF ascending channel reversal. Latest breakout form the channel can be the first sign of the bearish reversal we are waiting for. Look for LTF continuation correction to get in the on the sell down. Thank you
OANDA:SPX500USDShort
by jojofang0901
45