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M-pattern

How to utilize Multi-time frame analysis in your trading Hello everyone: In this educational video, I will discuss how I utilize multi-time analysis in my trading. -What multi-time frame analysis does is to help us to get more clarity on what the overall market is doing from a top down approach. -Analysis should always start on the higher time frames such as Monthly/Weekly/Daily. -Then, drop down to the lower time frames such as 4H/1H,30/15/5 Min to confirm the HTF move and look for possible entries. Price action and structures work inter-related with multi-time frame analysis. -In a HTF impulsive phrase, there will be many LTF impulses and corrections to push the price up/down. -In a HTF correctional phrase, there will also be LTF impulses and corrections, but within the larger HTF correction. The key to multi-time frame analysis is to properly identify the next HTF impulsive phrase, and capitalize it by entering on the LTF price action. This allows you to maximize your R:R greatly. In addition, combining multi-time frame analysis with price action will also give you clues on where the price is likely to go, hence calculating your targets and anticipating the movement from the market. As always any questions or feedback please let me know :) Thank you
Education
by jojofang0901
23
How forecasting can benefit your trading journey Hi everyone: In this quick educational video, I will go over how I incorporate “forecasting” in my trading, and how that helps me to be a better trader overall emotionally and psychologically. Couple things you “forecast” prior to the actual entry: 1. You should draw out the different possibilities on the price’s movement. Different possible scenarios if possible. IF you are looking for short, then draw out the actual move from where the current price is, and take a screenshot of the possible move. This allows you to remember your plan to execute the position once it appears. 2. You should also think about a back up plan, what if the price goes up now instead of down from your analysis ? Are you still looking for short then? Or are you going to change your bias if price action then develops bullish price action instead? You should prepare yourself if your bias is wrong, then what would you do next. 3. Utilize the R:R tool box, “forecast” the actual entry, SL, potential TP. This will allow you to understand your R: R and where you would set your first, second targets. Take screenshots if necessary to remember. 4. Forecast what you will do once price hits your TP. Are you simply just going to exit the trades now, or will the further development of price action give you extra confidence that the trade can keep going, and you should hold on to the trade? What do you want to see from the price action in order to change your thoughts? This will eliminate emotions as to whether to hold onto a trade or take profit. As you do more and more of these forecasts, the actual entry will be relatively easy. You have already forecast the possible scenarios, entry, SL, TP, continuation..etc. So there won't be any fear of losing, or fear of missing out. That will help you to keep your emotions at bay, and execute the trades accordingly. Many beginner traders often lose money because they are not prepared for what the market will do. When something happens, then they react to the situation. Often enough it's too late, and they will make a decision based on emotion. Forecasting allows you to eliminate those emotions, and let your plan run. As always, let me know if you have any questions or comments. Thank you
Education
by jojofang0901
9
EUR_NZD LONG TRADING PLAN| TECHNICAL ANALYSIS| EUR_NZD has reached a confluence of support lines, thus I am bullish and I am looking to enter a long trade. For us to enter a long trade, we need to see the conclusive breakout of the resistance of the minor falling channel. Wait for the confirmed breakout, go long on pullback, and Enjoy 4:1 risk reward. IF there is NO breakout-setup is invalid. And we do NOT enter a long. Thanks for watching! Like and subscribe to never miss a new video! See you all then!
Long
by ProSignalsFx
6
EURNZD Trade Recap, Analysis, Management Hi everyone: In this quick educational video, I will go over my 2 trades in EURNZD short. What was my analysis, management and thoughts on this bearish run. I will always start my analysis from the HTF, looking at what the price action is telling me will give me a better edge to enter higher probability setups. I want the HTF to be clear on the bias that I have on the direction. Then, using multi-time frame analysis, looking at what the LTF is telling you. Is it showing you the same price action like the HTF bias ? Wait for the market to give you the confirmation, i.e. continuation corrections, reversal price action structure, LTF impulses...etc that will give you the confidence to enter a trade. Manage the trade accordingly, move the SL to BE in profits depending on the strategies and style. Don't get emotional about the result of the trade, rather if you follow your plan, and you made the decision based on what the market and price action is telling you . Then, repeat consistently for every month, year. :) Thank you
Education
by jojofang0901
6
Why I don't use MA/EMA indicators in my analysis Hello everyone: In this video, I am going to explain my reasonings on why I personally don't use MA/EMA in my analysis. I will start off by saying that I have nothing against traders who use them and are consistent and profitable. I am sure there are many who do use indicators in their analysis along with their trading plan, risk management that find success in trading in given marker conditions. For me, my trading style focuses on price action structures/patterns. I am analyzing the market in its pure form of movement. In order for me to be clear on the price action, I need to “remove” all sorts of other “noise” on the chart. This is when having MA/EMA, and other common indicators can create potential issues for my style of trading. When we have indicators on the chart, it normally does help traders to identify “trending” markets, overbought/sold, as an example. The most used ones such as MA/EMA are going to help traders to find trends of continuations, but it doesn't necessarily become a target or support/resistance for the price to bounce off. Many find trading through such an “area” would be not ideal, hence they can take profit or target that general area. While, some can use that as a stop loss area, so long the price will “reverse” from it. However, when I see the price action on the HTF is in the impulsive phrase of the market conditions, on the LTF the indicators will not “catch up” to the most current price conditions. As the indicators are calculated based on the price movement, and since an impulse pushes up/down the price very aggressively, it takes time for them to take the movement into its equations and move according to it. The important thing is to not “overload” your chart with too many indicators and lines going across. There will be too many “contradicting” biases and it will confuse you as a trader. Simplicity is best, and less is more. Thank you
Education
by jojofang0901
12
Trading Psychology: Over Leveraged Trading Hello traders: Welcome back for a quick educational video on over leveraged trading. This ties with Trading Psychology greatly, and I want to elaborate on this a bit more to give new and experienced traders my understanding on this topic. It's important to know that leverage can work for you as well as against you. You may already hear this a lot when you open a new broker account. However, it's only when you actually start trading then you will understand the true meaning of this. When you enter a trade with leverage, you are entering with a great risk behind if you don't have proper risk management. Since leverage is a “double edge sword”, trades that are in profit or losses will be magnified. You are easily over traded, meaning you can have multiple entries on the same pair or same move/run. Again, this would be nice if the trades are going in your favor, but if not then you are going to have a huge drawdown of your account. Professional traders understand drawdown is evitable, but they also minimize it so when they are in profit, they can easily make the drawdown backs. Let's take an example of what an over leveraged trading combine with trading psychology could look like: ---enter a trade, and with a big position (no risk management, and not consistent with trading plan) ---begin to see price fall, then either he/she will have a SL and get taken out, or no SL then price will continue to drop then the small account is gone in no time due to the big position. ---If he/she did have a SL, then they are taken out, but just lost a bigger % of their account. Now the emotions kick in to try to “chase” the money back. So revenge trading emotions start. ---Because the account has high leverage, the person can easily open a bigger lot position, double the previous one in fact (same strategy out there says to do this) and make back your losses. If first trade was risking 5%, then this next trade is 10%) ---After several losses, the account is already cut in ½, and he/she can no longer open the high lot positions. ---They will then reduce their position size, but still at maximum leverage allows. ---Soon the account will get blown out, and the person will either blame the market, strategy, lesson and more. I see this cycle of trading all the time in new traders, and it has a combination factor such as emotion, mindset, risk management, trading plan and more. But what is easily controlled by you is to reduce leverage allowed on the account. Simply dropping it down to less leverage will help the trader to not over leverage, and maintain a few trades only with smaller position sizes. So, I encourage the new traders to really think about this topic and reflect on yourself to see if you ever fall into this cycle before. You may not blow your account, but certainly have experienced revenge trading and over leverage trade when the emotions kick in. I myself included it at the beginning of my trading journey also. That is all I gotta say on this one. Let me know if you have questions and feedback :) I will chat with everyone next time in my live stream. Thank you
OANDA:XAUUSDEducation
by jojofang0901
24