DOGE Get Ready for the next bullish run
Hi everyone:
Keeping close watch on DOGEUSD for the next bullish price action to buy.
We see price had a strong bullish push up, follow by a deep correction.
As we can see price isn't moving up and down too much, good indications that its in a corrective phrase for the previous bull momentum.
Latest price showed a lower time frame breakout follow by small continuation out of the large structure, good for further bullish potential.
Wait for another LTF correction to form and complete for the buy
Thank you
Impulse
Trading Strategies and Style - Price Action Analysis
Hello everyone:
Recently I have many newcomers/subscribers/followers on my various channels and platforms, so I want to make this video to summarize what exactly are my strategies and style in trading.
It's important to understand everyone trades differently, and different styles and strategies.
What's more important is to understand if the strategies and style work for you and you only as a trader.
Does a typical style/strategy satisfy your vision in trading ?
Does the risk/reward make sense to you as a trader ?
Does the trading plan and management sound feasible and realistic to you ?
Do you have the right mindset and emotion when it comes to trading these types of strategies and style ?
These are the questions to think about when you are serious about trading.
So, let's take a look into how I trade and what are the key important aspects that I look for in trading.
-Price Action Analysis
-Impulse VS Correction
-Continuation VS Reversal Correction/Structure
-Multi time frame analysis (top down approach)
-Risk Management (3:1 RR)
-Trading Psychology (Mindset and emotion) (FOMO, Revenge Trading, Over Leverage Trading)
As always, any questions, comments or feedback welcome to let me know.
Thank you
Jojo
EURCAD Look for bullish reversal from the bottom
Hello traders:
Looking at EURCAD for the strong bullish price action to reverse.
We see price has been in a deeper consolidation since the last HTF bullish impulse. Price started to from that channel/flag structure, correcting the price.
Latest price action has once again reach the bottom, and looking like a bullish flag/channel is about to finish, and we can expect the next bullish impulse from the lower time frame.
I would be patient and wait for some sort of LTF reversal correction to form, and a strong bullish impulse to confirm the buy entry.
Thank you
Weekly Trading Recap: UC, EN, CJ, AJ, UM, US30, Mar 6th 2021Hello everyone:
Welcome back to my weekly trading recap video. This week I have several trades resulting in Break Even, let's take a look at these trades and what my approaches are as well.
EURNZD -
First Trade : Break Even
Second Trade - Break Even
Full analysis/forecast:
USDCAD - Break Even
Full analysis/forecast:
CADJPY - Break Even
Full analysis/forecast:
AUDJPY - Break Even
Full analysis/forecast:
USDMXN - (-1%)
Full analysis/forecast:
US30 (DOW) - (-0.69%)
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
EVGN: Leading Expanding Diagonal? Looks attractive to me!A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price breaks out bullish thru the current structure I think we will be in for a treat. All in all, seems like a solid play. I'll be looking for buy setups from now till exhaustion is seen on the 5th wave of the cycle.
What are your views on EVGN? Solid biotech pick, or a meme stonk?
Thanks for looking, and I'm looking forward to others opinions! Trade safely!
NZDJPY Reversal from the top
Hello traders:
Had a good weekend to be away from the city, and now back to do more analysis and chart work :)
Looking closely to NZDJPY, similar price action like AUDJPY and other JPY pairs.
We have a HTF double tops, and price made a false breakout, then quickly had a reversal impulse down.
Latest price is still consolidating and forming a potential continuation correction, lets wait for a completion of it and get in the on the sell.
Thank you
Crypto backtesting and chart work in price action analysis
Hello everyone:
Today let's do some backtesting and chart work on the crypto market.
I have done similar videos on Forex and Indices’ market, and I want to do one as well for crypto to showcase price action that will happen in any market, any time frame.
Make sure to check out the below videos on why I backtest and do chart work. This is to help us to get better at trading as a whole, and remove emotional decisions.
I will dig back some crypto pairs and look at the bullish impulse on the HTF, and go down to the LTF for confirmation and entries.
Any questions, comments, or feedback please let me know :)
Thank you
Jojo
Backtesting & Chartwork on Forex Market
Backtesting & Chartwork on Indices Market
How & Why I backtest:
Prevent Blowing an account by backtesting:
USDMXN Look for bullish continuation
Hi traders:
Looking at USDMXN here for USD strength to come in.
WE see price has been in this parallel channel structure for quiet sometimes now,.
LTF had a initial push up, follow by a correction to breakout of the HTF channel.
Now that price has manage to break out, I would look for LTF continuations now to get in on this bullish continuation buys to the next tops.
thank you
AUDJPY failed to break higher, look for bearish reversal
Hi everyone:
We have been seeing AUDJPY is in a bullish price action, pushing the price up.
Latest price has a fake break out of the previous HTF double tops, but quickly see a bearish reversal impulse down.
I would wait for a continuation, right shoulder to development and look for further downside.
Thank you
NZDUSD Reversal from the top.
Hi everyone:
Most USD pairs are getting strength in the last 2 days, and NZDUSD is certainly shaping up for further bearish price action to the downside.
Price has correctively move up within this ascending channel, and hitting a HTF double area.
Price then had a sharp bearish impulse down, looking to breakout of the reversal ascending channel.
Wait for confirmation breakout follow by LTF continuation correction to get in the sell.
Thank you
EURUSD Sell Setup
Hi traders:
Last few days we see EURUSD has developed further into a bearish price action from the top.
Price managed to push down form the ascending channel from the top, and broke out of the HTF structure.
Price begin to pullback and forming a deeper flag correctional structure.
Latest price is showing us a potential completion of this flag structure, look for more LTF continuation corrections to get in the on the sell.
Thank you
NZDCAD Watch for bearish price action for sell
Hi everyone:
Similar approach like NZDUSD, as price is forming this ascending channel to the double tops area.
We can see price had a fake breakout of the previous highs, but quickly reverse back down very impulsively.
This is a good indication the bullish momentum may be exhausted, and we can expect bearish continuation corrections to form and push back the price down to the lows.
Thank you
USDJPY - SHORT ENTRY PRICE - 106.580The impulse to the North broke through the supply zone and formed a possible false breakout. The reverse impulse has not formed. The formation of a double top is quite possible. It’s time to start preparing to sale this pair as we reached the upper boundary of the uptrend channel.
ENTRY PRICE - 106.580
SL - 107.100
TP1 - 105.500
TP2 - 104.900
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
EURUSD - LONG (BUY LIMIT) ENTRY PRICE - 1.19900 The impulse to the North has been completed @ 1.22400. A return impulse to the South has formed. Price is going down to the next Demand Zone to complete the Cypher Pattern. Be ready to buy on a pullback @ 1.19900!
ENTRY PRICE - 1.19900
SL - 1.19450
TP1 - 1.20850
TP2 - 1.21400
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!