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Weekly Trading Recap: EURAUD, GBPUSD, SOLUSD Nov 20th 2021Hello everyone: Not many trades entered this week. I was on vacation during the week so wasn't too active on the charts or in my community. Will share these trade results from entry, SL/TP, management and overall analysis. EURAUD: Full analysis/forecast: GBPUSD: Full analysis/forecast: SOLUSD: Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
FTX:SOLUSD
by jojofang0901
37
Crypto Market Analysis - Still Bullish Bias - Tomorrow is Key!In this video: I explain why I am still vested with a bullish bias I run through a few of the charts I have posted past videos on to look at the key levels of support, current price action, and projected analysis. I explain why tomorrow is a key day for price action I explain why it is important to watch closely the price action of today and tomorrow, set sell stops appropriately, and when we start to become a bit more concerned and re-evaluate market conditions.
CRYPTOCAP:BTC.DLong
by stewdamus
5
Weekly Trading Recap: NU, NC. UJ, XAG, US30, US100 Nov 14th 2021Hello everyone: I have been getting some hating and trolling comments/messages from some people on my recent trading result. Sure I can admit last month and this month so far haven't had some good results, and I am not hiding away from that. But I am well aware of how trading is in terms of consistency and sustainability. I have been journaling and making trade recap on my trade results which I share publicly, honestly and transparently, so not worry about one losing month or 2. Overall the year is certainly up and profitable, so it's during these periods of drawdowns and losing months we need to be extra cautious and don't fall into the trading psychological mistakes. Do not revenge trade, over leverage, over risk and end up blowing accounts. My sincere feedback to traders out there who are struggling. Don't let social media fool you on how trading is. You will never know if those scammers or fake gurus trade real, live $ accounts, or just show you demo account profits. You will never know whether they take losses or not because they won't show you those to sell you a dream. All consistent, professional traders will take losses, it's how we control our emotion, mindset and continue to let the probability play out in our favour for long terms. NZDUSD: Out for +0.5% profit Full analysis/forecast: NZDCHF: Out for +0.5% profit Full analysis/forecast: SILVER: Out for BE Full analysis/forecast: USDJPY: Out for BE Full analysis/forecast: USDCAD: Out for -1% loss Full analysis/forecast: NASDAQ: Out for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
7
Weekly Trading Recap: SILVER, EURGBP, UKOIL, DOW Nov 7th 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. SILVER: Running Position Full analysis/forecast: UKOIL: Out for +0.40% profit Full analysis/forecast: EURGBP: -1.00% loss Full analysis/forecast: US30(DOW): -1.00% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:XAGUSD
by jojofang0901
33
5 Key Advices To Share With Trader Who Is Struggling In TradingHello everyone: Lately many of you have messaged me about getting FOMO and entering trades without confirmations. In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria. I am hoping in today’s educational video it can help some of you guys to get back on track. I want to share 5 main pieces of advice that can help out traders who are currently struggling. These are experiences and lessons that I accumulate throughout the 8 years of trading and in hope to help some of you who are struggling in your current journey of trading. 1. Do “NOT” think about get rich quick in trading -Trading is a marathon, not a sprint -90-95% traders fail due to a combination of: Greed, FOMO, mindset/emotion, risk management, trading psychology. -Trading is not a get rich quick scheme, but it can produce consistent, sustainable passive income if you can put in the time and effort -Most try to jump to the result right away, without going through the journey, that is not how life works. 2. No trading strategies, style, method can give you 100% strike rate -Trading is probability, not right or wrong. -Understand you can have the best strategy in the world, and still not be profitable. - Technical, Fundamental, Algo, EA...etc can all not work. This is why risk management is important to not over risk, over trade, over leverage your trading account 3. Backtest and journal -Backtest your strategy so your brain acknowledges and recognizes it over and over again. -Slowly build up confidence in your strategy and method. IT will come to you like second nature -Journal all your wins and losses so you can review them. Work on them, accept your mistakes to grow and improve. 4. Control your EGO -Human beings have ego to prove others are wrong and they are right -We refuse to admit we made the error/mistakes, and blame others/external as the cause. -Acknowledge that in trading, stop blaming the market, the broker, the mentor, the strategy...etc. -Don't take things personally and be offended by it. 5. Never Give Up -I blew several accounts in the beginning of trading career, gave up and quit trading multiple times -I always ended up coming back to trading. After taking time off. Whether that is weeks or months in the beginning journey. -No one is born into a trader, just like no one is born into a doctor, lawyer. -If trading was that easy, then everyone would be rich. -Success is measure by how many times you get back up when you failed I hope these pointers can help you guys to get more focus and get back on track in trading. Any questions, comments or feedback welcome to let me know, thank you Jojo Below I will share others educational videos that have direct relations to the topics above: Trading Psychology: How to deal & manage losses/consecutive losses in trading ? Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ? Prevent Blowing an account by backtesting: Risk Management 101
BITSTAMP:BTCUSDEducation
by jojofang0901
43
Weekly Trading Recap: NU, EU, EP, XAG, DOW, UKOIL Oct. 31 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. I have mostly losing trades this week and the end of the month. Definitely not hiding it and acknowledge the losing month of this year. Certainly have room for improvement and reflections. Some of the trades actually were in good profits but ended up reversing and left some profits on the table (EURUSD). Some trades such as AUDNZD and GBPNZD from previous weeks went in the desired direction, but just didn't manage to be my full advantage as I followed my plan to exit accordingly. The last week was emotional for me and I took a few more trades that did not end well. I also closed down all the live trades such as Silver and Corn. Wanted to take a small break in between and get ready for November and the end of the year. My trading psychology for the last 2 weeks was not good, dealing with external issues on social media and negativity on the internet. But, no excuses here for me. Have to keep going and accept the mistakes that I made, and continue to work on the emotion and mindset here. SILVER: 2 positions closed for +2.50% profit Full analysis/forecast: CORN: +1% profit Full analysis/forecast: EURGBP: Out for BE Full analysis/forecast: BCOUSD/UKOIL: Out for BE Full analysis/forecast: US30(DOW): -1.00% loss Full analysis/forecast: NZDUSD: -1.00% loss Full analysis/forecast: EURUSD - 4 entries all closed down with total of 0.20% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
39
How to analyze the market from scratch (Impulse & Correction)Hello everyone: Many have asked me about demonstrating how to analyze the chart from complete scratch. When looking at my chart and educational video, it all seems very simple, but many are telling me they are struggling to identify the market. Today I will go over how I analyze the chart, from the Higher time frame down to lower time frame by using multi-time frame analysis, top down approach. Specifically by identifying price action, impulse and correction phases of the market. 1. Start from the Higher Time Frame (HTF): HTF can be any time frame higher than the daily chart, such as monthly, weekly, daily. Personally I like to use daily as a go to time frame as it is widely used by traders. 2. Identify the impulse phase of the market. Understand the impulse phase is a period of fast momentum, price is either pushing up or down very aggressively, and not much consolidation visible on the HTF. 3. Identify a period of consolidations. Using trendlines, connect the swing highs and lows of the price. This is to identify the correction/consolidation phase of the market. Which is the most important aspect in price action analysis. You will need to be very knowledgeable on the type of continuation, reversal correction patterns/structures the market usually will form. (I will share many price action patterns/structures that I identify and use in the market below) 4. Once you identify the HTF phase of the market, you will then go down to the Lower time frames (LTF). LTF can be anything under 2/1 HR, 30/15 Min charts. It's not a specific time frame, rather “Multi time frame analysis”. You will also identify the impulse phases & Correction phases on the LTF and use trendlines to connect the swing highs and lows of the correction/consolidation phase, just like what we did on the HTF. 5. Now that you have both the HTF and LTF charts drawn out, the key here is to have both the HTF and LTF tell you the same direction/bias. They should align up and have the same bullish/bearish bias. This will strengthen your probability of success. I always make sure when I am about to enter any trades, I want the multi-time frames all telling me the same story. Same bias, same direction. 6. Now all that comes down to is forecasting the possible entries, which I have made many videos on this topic and I will share some below. Understand you would always want to make sure you are either entering during the impulse phase on the LTF, or the price is about to start the impulse phase to gain the upper hands in the market. You do not want to enter when the price is in a consolidation which is why many traders end up losing money, stuck in the correction and price isn't moving too much, rather just sideways. 7. Continue to work on analyzing the chart from scratch, get comfortable at identifying the impulse phase in the market, and do backtesting continuously so you identify the corrections in the market. This will make you see the chart and the market completely different than before, and you will have a much better probability of entering trades that work out in your favour. Any questions, comments or feedback welcome to let me know. Jojo Below I will share many educational videos that will help you to understand more on price action analysis, impulse/correction phase, entry, forecasting, backtesting and more. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern 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 Risk Management: When/How to move SL to BE and to profit in a running trade ? How forecasting can benefit your trading journey Backtesting & Chartwork on Forex Market Backtesting & Chartwork on Indices Market Backtesting & Chartwork on Crypto Market How & Why I backtest:
OANDA:XAUUSDEducation
by jojofang0901
40
Weekly Trading Recap: EURUSD ~(+4%), XAGUSD ~(+5%) Oct. 23 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. EURUSD: 2 positions running for +4% profit Full analysis/forecast: SILVER: 2 positions running for + 5% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
41
USD Weakness ? Detail Price Action Analysis Breakdown Hello everyone: Many have asked me to do another in depth breakdown on the USD pairs. Personally my bias and view is more weakness to come on them. So I will break down all the potential USD pairs that are developing nicely for some opportunities. Currently in EURUSD Long and watching out for other pairs as well. DXY Original Analysis and Forecast: EURUSD Original Analysis and Forecast: AUDUSD Original Analysis and Forecast: USDCHF Original Analysis and Forecast: USDCAD Original Analysis and Forecast: USDSGD Original Analysis and Forecast: GBPUSD NZDUSD USDMXN Any questions, comments, or feedback welcome to let me know :) thank you JoJo
by jojofang0901
28
Weekly Trading Recap: EURUSD, SILVER, GBPNZD, SOLANA Oct.17 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. EURUSD: First Entry: Closed down for -1% loss Second Entry: Running about +0.7% profit Third Entry: Running about -0.3% loss Full analysis/forecast: SILVER: Running about +1.3% profit Full analysis/forecast: GBPNZD: 3 Entries closed down for -1.5% loss Full analysis/forecast: SOLANA: Closed down for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:XAGUSD
by jojofang0901
28
Weekly Trading Recap: SILVER, SOLANA, GBPNZD, AUDNZD Oct 9 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. GBPNZD - Running about BE Full analysis/forecast: SOLANA - Running about -0.25% Full analysis/forecast: SILVER - Running about BE Full analysis/forecast: AUDNZD - Initial Entry: Closed for +0.90% profit Scale in Entry: Closed for -1.03% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
30
Weekly Trading Recap: AUDNZD October 2nd 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. AUDNZD - First Entry: Running about +2% Second Entry: BE Third Entry: Running about BE Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
19
When/How to move SL to BE and to profit in a running trade ?Hello everyone: Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position. In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits. In this example of EURUSD, I managed to get 2 entries in, and manage it to my best ability and secure profits Trade close down for +7.9% profit Original Trade Forecast and Analysis: This is a topic that will have various answers across traders, as this is certainly up to each individual trader’s strategy, style, and management approach. So understand there is no right or wrong, “holy grail” kind of decision. It's up to you individually as a trader. I will share my management, and why I choose to go with these types of approaches, and you can certainly use them to your advantage to tweak/modify them to fit your strategy. Few things to keep in minds are: 1. Moving the SL to BE or/and in profit is a way to protect your entry, as well as secure profit. 2. Sometimes moving the SL too early may “choke” the price, and you can get stopped out for BE or small profit. Then watch the price take off in your desired direction, which can create negative emotion. 3. Whereas sometimes if you don't move SL to BE or in profit, you can watch a trade that hits 3:1 RR or more, end up reversing down, passing your entry point and to your actual SL of -1%, which can also create negative emotion. 4. No perfect scenario or management when it comes to the aspect of trading, as every trade is unique, and different outcomes may happen, since the market itself is not perfect, and can do whatever it wants to do. Now, I will explain my own management when it comes to moving SL to BE or/and in profit. Certainly this is NOT the only way, nor it will be the best way, but over the years of backtesting & chartwork have given me reassurance on these types of management ways. I will then show some real live examples on the trades that I closed down, and how I manage them as well. CADJPY - Original Trade Forecast and Analysis: GBPJPY - Original Trade Forecast and Analysis: CHFJPY - Original Trade Forecast and Analysis: NASDAQ - AUDNZD - Original Trade Forecast and Analysis: First, a general rule of thumb for me. IF the price has hit about 1:1 RR or so, and has broken past the previous recent lows, I will move my SL to BE. There is no exception in this rule. Again, I explained earlier that sometimes this will help you to protect your entry when price reverses, and sometimes it will choke the price. In this case, I would rather take a BE first, and re-look for entry again in the same position, as long as the bias and the price action is still valid on both the higher time frame and lower time frame. Second, once the entry is in some profit, say 2:1 or higher, I generally will move the SL up to about +0.5% profit or so. Just want to secure a little profit while not choking the price entirely. Third, once the entry is in 3:1 profit, then I will move my SL to +1% profit. This is where I generally will decide whether I should take full profit here, or hold the trade for a mid-long term if the higher time frame has given me the bias. Fourth, since the trade has already been in 3:1 profit or higher, generally we can expect a continuation correction to form now after the impulse phase. If it's a smaller correction and price isn't reversing up sharply right away, I will move my SL to about +1.5% profit, set my alert above the continuation correction and observe the development of the correction. This is generally a point where I can decide to hold the trade longer, or if it reverses up from the continuation correction, then exit the trade for profit. Fifth, if we start to see a possible reversal development, then I will move down my SL to the recent swing highs/lows, or just above the reversal correctional structure, and will let the trade tag me out for profit if it reverses. Any questions, comments or feedback welcome to let me know :) If you enjoy these contents, and the educational lessons are helpful, please press like, subscribe and follow for more. Jojo
Editors' picks
Education
by jojofang0901
89
Weekly Trading Recap GBPJPY, NASDAQ, EURAUD, GBPNZD Sept 25 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. GBPJPY: Exit for +3.12% profit Full analysis/forecast: NASDAQ: Exit for +2% profit Full analysis/forecast: EURAUD First Entry: BE Second Entry: -1% loss Full analysis/forecast: GBPNZD: Originally had the SL at BE, some slippage on the price during rollover. -0.5% loss Full analysis/forecast: AUDUSD: -1% loss Full analysis/forecast: CADJPY: Exit for +5% profit Full analysis/forecast: CHFJPY: Exit for +3% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
by jojofang0901
36
Multi-Time Frame, Price Action Analysis on Japanese YEN StrengthHi everyone: Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market. I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well. Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from a multi-time frame, price action analysis point of view. I will go over the best ones to look out for, and share my original analysis/forecast before the moves happened. In addition, my plan on how to manage the current live positions, and plan on how to scale in new entries as well as other pairs. Starting from the current positions that I am in: CADJPY: Currently running + 6%, 6:1 RR Original Analysis/Forecast: CHFJPY: Currently running + 3.5%, 3.5/1 RR Original Analysis/Forecast: GBPJPY: Currently running + 3.5%, 3.5:1 RR Original Analysis/Forecast: EURJPY: Got out for +2.8%, 2.8:1 RR Original Analysis/Forecast: AUDJPY: NZDJPY: USDJPY: 2 entries total for BE Original Analysis/Forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
Short
by jojofang0901
19
Weekly Trading Recap: CHFJPY, CADJPY, EURJPY, NASDAQ Sep 18 2021 Hello 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. CHFJPY: running +3% profit Full analysis/forecast: CADJPY: First Entry -1% loss Second Entry - running +3% profit Full analysis/forecast: EURJPY: Out for +2.8% profit Full analysis/forecast: NASDAQ: 2 entries, closed down for total -2% Full analysis/forecast: USDJPY: Out for -1.0% loss. Overall BE on 2 entries Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
11
Weekly Trading Recap: USDJPY, EURJPY, XRPUSD, Sept 11 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: First Entry: +1% profit. Second Entry: Running about -0.5% loss Full analysis/forecast: EURJPY: First Entry - 1% loss Second entry -Running about +3% profit Full analysis/forecast: XRPUSD: Closed down for +1.5% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
22
EURJPY Multi-Time Frame Price Action Analysis, and Backtesting Hi everyone: Let's take a detailed look into EURJPY’s current price action, what my analysis and forecast so far, and do some backtesting on previous prices to give us a positive outlook on the potential bearish continuation price. Starting from the Higher time frame, clear double tops, and ascending channel reversal are very noticeable. Then the price had a bearish reversal impulse phase, pushing the price down. After we begin to see a consolidation, forming a potential expanding correction, which can give us opportunity for a continuation of the bearish move. Following up on my EURJPY analysis I post, I took 2 entries so far: First trade - 1% loss Price wasn't ready to reverse and correctively move sideways/up, tagged me out for a loss. Second Trade - Enter after a rising wedge, “M” style reversal correction. Currenting Running about +2% Original Full analysis/forecast: So 2 TP to look out for are: Now, let's do some backtesting on the EURJPY previous price action. From the Higher Time Frame: Similar price action in the past, can provide us a higher probability trade to enter for the downside. The more backtesting we do, the more confidence we get at identifying the next potential impulse phase where we can capitalize. Any questions, comments, or feedback welcome to let me know :) Thank you Some backtesting video I made in the past: Backtesting & Chartwork on Forex Market Backtesting & Chartwork on Indices Market Backtesting & Chartwork on Crypto Market How & Why I backtest: Prevent Blowing an account by backtesting:
Short
by jojofang0901
52
Weekly Trading Recap: XRPUSD, EURUSD, SILVER, AUDNZD Sep 04 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. XRPUSD: Running about +2% profit Full analysis/forecast: EURUSD: 2 positions out for +7.9% profit Full analysis/forecast: SILVER: out for +0.25% profit Full analysis/forecast: USDJPY: out for BE Full analysis/forecast: AUDNZD: - 1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
BITSTAMP:XRPUSD
by jojofang0901
38
EURUSD Did You Buy from the bottom ? What to expect now ? Hi everyone: Let's take a detailed look into EURUSD bullish up move since last week, and what to expect from the current price action moving forward. We can start off by looking at the HTF overall price action, and properly identify the corrective phase on the HTF could be potentially finished, and the next impulse up move can begin. Start looking at the LTF price action, there are many reversal price action developments at the bottom to give us clues on the bullish reversal potential. Once price had the first initial impulse phase on the LTF, we start to see further upside from the price, as they continue to form bullish corrections, followed by bullish impulse and so on. Now that price has broken above the previous high, around 1.18, no signs of slowing down at the current stage. So what can we expect now from the price ? Preferably is to see if price has enough momentum to break above the top of the HTF descending structure, and continue to form bullish correction to push to the next highs. Alternatively, if price fails to break out, and there are LTF reversal price action at the top of the structure, then look to secure profit by moving up the SL and observe the price. Take a look at DXY, we can also see clear USD weakness can happen. As a good risk management, focusing on the best 1-2 USD pairs to evolve would be ideal. Any questions, comments or feedback welcome to let me know thank you :)
Long
by jojofang0901
48
How to use trendline to identify price action structure/patternHi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in. Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows. Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure. Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch. Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example. Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action. After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ? Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse. Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below. Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey. Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage. Any questions, comments or feedback welcome to let me know :) Thank you Below are all my price action structures/patterns videos on different type of corrections. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Impulse VS Correction Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
OANDA:XAUUSDEducation
by jojofang0901
61
Weekly Trading Recap: EURUSD, SILVER,CARDANO August 29 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. EURUSD: 2 positions running for +5.5% profit Full analysis/forecast: SILVER: Running position, +0.5% profit Full analysis/forecast: ADAUSD: 2 positions closed down for BE total Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
28