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M-pattern

Weekly Trading Recap: EURUSD, USDJPY, SILVER, NZDCHF Aug 14 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: Running +2% profit Full analysis/forecast: USDJPY: Running +3% profit Full analysis/forecast: SILVER: First Trade -1% loss Second Trade running +1% profit Full analysis/forecast: NZDCHF: Closed down for +3.35% profit Full analysis/forecast: GBPAUD: Closed down for +1% profit Full analysis/forecast: AUDCAD: closed down for -1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
Editors' picks
by jojofang0901
75
Detail Price Action Outlook on GOLD & SILVER Hello traders: Let's take a closer look into GOLD and SILVER. As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view. GOLD From my previous outlook on GOLD: Price indeed made a push down to the swing lows, which could be forming double bottoms. What we need to watch out for on the lower time frames to see if there's bullish reversal price action, followed by continuation correction for the buys. or If price manages to continue to drop lower than the previous swing lows, then expect the price to continue lower to the bottom of the HTF parallel channel structure, before a big reversal up move. SILVER Long Term Outlook on Silver: From my previous short term outlook on Silver: Similar developments like GOLD, we see price does push down to the previous swing lows as well. This is a good area to watch for price development as we could be forming a larger, deeper HTF continuation correction that may be at the bottom of potential reversal area. Alternatively, if price pushes down lower the previous swing lows, but moving in the corrective phase, then we can still expect the bullish reversal up move once correction completes. Any questions, comments or feedback please let me know. :) Thank you Jojo
OANDA:XAUUSD
by jojofang0901
41
AUD/NZD update! potential long soon in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be looking to play the area, and structure and enter on a 4H time frame, and will hold this position over the next coming weeks. - there will be scale ins along the way and this is something i will be looking at also. have a good week everyone!
by connorfx96
1
Best Candlestick Patterns Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed The inside bar: After a long wick could mean price change Also engulfing is a reversal signal. Momentum candle: Multiple rejections: Good resistance and sign of price rejection and reversal Shrinking candles: Loss of momentum 3 consecutive candles in the same colour: indicate the start of a new trend. Big red candle: bearish Doji: Open and close are similar and we have shadows on both sides. Can be a signal for reversal if the next candle shapes in a different colour from the previous one. Hammer: bullish Inverted hammer: bearish
Education
by apadanaforex
Weekly Trading Recap: NZDCHF, GBPAUD, EURUSD, EURAUD, Aug 7 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. NZDCHF: Running about +1.25% profit Full analysis/forecast: GBPAUD: running about -0.6% loss First Entry: Close down for BE Second Entry: Full analysis/forecast: EURUSD: Close down for +1.1% profit Full analysis/forecast: EURAUD: Close down for +0.51% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
45
Weekly Trading Recap: EURUSD, USDJPY, ETH, EURAUD July 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. EURUSD: Running about +0.5% profit Full analysis/forecast: USDJPY: Out for +0.51% profit Full analysis/forecast: ETHEREUM: Out for BE Full analysis/forecast: EURAUD: 1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :)
by jojofang0901
21
Closer look into Rising/Falling Wedge, Reversal Price Action Closer look into Rising/Falling Wedge, Reversal Price Action structures/patterns Hi traders: Today I will go more in detail on rising/falling wedge correction in price action structures/patterns. You might have already heard about these types of correctional structures, and many traders who utilize them. Certainly there are many ways of traders identifying them and taking advantage of these kinds of price action, so it's ideal for you to understand them in your analysis. We first need to understand that a rising/falling wedge is a REVERSAL price action. Meaning when the correction completes, there's a higher probability of the price to reverse. You might have already seen multiple price action videos from me that go over all sorts of continuation and reversal price action (I will share links below), and I always talk about when combining multiples of different price action structures/patterns will give you a better edge at entering positions that work out in your favor. Same idea here, so let's take a look at how rising/falling wedges are, how to identify them, and how to effectively use them in your analysis. Rising/falling wedge, just as the name suggests, is an ascending/descending type of correction where the price is getting squeezed into a “wedge”. As the price gets narrower and narrower, there's a higher probability of the price to “reverse” from the wedge. Now about entries, certainly many traders have their own method of entering, so I will share my point of view and the way how I like to enter them. Any questions, comments or feedback welcome to let me know :) Thank you Risk Management: 3 different entries on how to enter the impulsive phrase of price action Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation and Reversal Correction Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
TVC:DXYEducation
by jojofang0901
47
Weekly Trading Recap NASDAQ, USDJPY, CHFJPY, EURAUD July 24 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: +1.83% Full analysis/forecast: USDJPY: +1.50% Full analysis/forecast: CHFJPY: +1.60% Full analysis/forecast: EURAUD: -1.00% Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you
OANDA:NAS100USD
by jojofang0901
26
Continuation & Reversal Correction in price action structures In-depth look at Continuation & Reversal Correction in price action structures/patterns Hi everyone: Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis. As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market. To me, the most important part of identifying the next impulsive phase of the market, is to understand how correction works. An impulse phase usually happens after a correction has finished correcting, so the key is to identify and understand how a corrections structure will complete so we anticipate the next impulsive move. You may have seen my videos on this topic, but today I will go more in detail on this, and explain the 2 types of correctional structure the market can create. The market can only be in 2 phases, impulsive phrase or corrective phrase. In addition, the corrective phrase can only be continuation, or reversal. So to fully have an edge in the market, is to understand what the correctional structure the price is currently making, whether a continuation/reversal, then forecast the possible price outlook, and go down to the lower time frames for possible entries. Now, it's important to understand that different traders/strategies/styles will call these patterns/structures in varies names. What they are called or identify isn't important, but the important aspect is to understand whether they are continuation, or they are reversal. In addition, simply seeing price action structures/patterns by itself, is not a good enough entry criteria for me. You want to combine multi- time frame analysis, top-down approach, and with multiples of these price actions all happening so it adds extra confluence for you to enter a particular trade. Seeing a H and S pattern, on a 5 minute chart, without considering the overall HTF and other factors, will not be a consistent move in the long run. Continuation Correctional Structure/Pattern Bullish/Bearish Flag Bullish/Bearish Pennant Parallel Channel Reversal Correctional Structure/Pattern Ascending/Descending Channel Rising/Falling Wedge Double Top/Bottom Head & Shoulder Pattern/Inverse H and S “M” and “W” style pattern Reversal Impulse Price Action I will forward all the price action structures/patterns videos I have made in the past to help you understand each of the structures more. Impulse VS Correction Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern Any questions, comments or feedback please let me know. :) Thank you Jojo
Education
by jojofang0901
40
How to manage & deal with consecutive losses in trading ? Trading Psychology: How to manage & deal with losses/consecutive losses in trading ? Hi everyone: Today I want to go over a very key trading psychology lesson on how to deal with losses, especially consecutive losses. This is bound to happen to any traders, whether you are new or experienced. ITs something all professional traders will have to deal with on a regular basis. Understand that, dealing with losses psychologically is the key factor in the success of a trader. This is because losses are inevitable, and trading is a probability, which trades that you take will end up both in wins and losses. However, traders usually can not accept losses, due to their ego, greed and other emotional factors. Aside from having a good risk management, trading plan, and trading strategies, traders can still experience the psychological emotions of losing. This is due to the fact that we are humans and we are an “emotional” animal. We don't want to be wrong, at all. Taking a loss is like getting slapped in the face by the market, which we have egos to fight against. What ends up after taking losses or consecutive losses, it puts traders at a disadvantage where their emotion is high, and likely to “revenage” trade to chase back losses, which end up in a deeper hole. To deal with such psychological phenomena, take a step back and observe your situation: First, did you follow your trading plan/strategy on how to enter, set SL/TP, and management ? Second, did you take an emotional trade due to greed or fear of missing out ? Third, have you journal down your losses and review them to make sure they are trades you really want to risk your capitals on ? By now you will see why we need to review these. Trading is a probability, not right or wrong. It's a random variable that you are putting your $ at risk. So if you understand the rules and plans that you follow and execute a trade accordingly, then there should NOT be any negative emotions towards the outcome of the trades, whether they are winners or losers. When I discuss the trades I entered every week in my trade recaps videos, I am always happy to enter a position, even if it goes to a loss. This is because I have done enough backtesting, chart work, and plan to enter a position. I understand strictly from a probability point of view, I could have a higher strike rate, and more often the trades will end up as a winner rather than a loser. However, I also understand and acknowledge that some trades will end up in a loss, disregard mine technical analysis or other’s fundamental analysis. It is what trading is all about. When I have consecutive losses, I will always review the 3 points I mentioned above and make sure they are all valid for me. Then I simply will take 1 day off from the market, chart, phone, and just get your mind clear. Come back strong after 1-2 days of rest, and have a positive mindset. What traders often do when they have consecutive losses is to right away re-enter back into the market and try to chase back their losses. This has always been the downfall of losing and it creates anxiety in traders’ minds. Such a negative experience is going to stay in the traders’ mind longer and deeper, compared to consecutive winners. So wise we understand that is the case how our brain is "programmed” into thinking, then it's up to us to do the opposite, and fight the urge to “revenge” our losses. At the end of the day, no one is trading your trading account, except yourself. Taking ownership of your account, learning to control our emotions, understanding the probability side of trading, and learning to let go, drop our ego will help us in the long run in this industry. I hope these pointers can help some traders who are still struggling with this concept. It's impossible not to take losses, but professional traders deal with it on a regular basis and still remain consistent in the long run. Thank you I will forward some Trading Psychology educational videos below on some of the topics explained today. 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 ?
Editors' picks
BITSTAMP:BTCUSDEducation
by jojofang0901
58
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
BEST pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high. The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video. People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list. I also mention in this video that BTC likes to fall 80% from all-time highs. This is also a strong indication that BTC might go back down to the $10k-$15k range. Many new traders/investors are tunnel-visioned on the current price. They forget to take a step back and look at the big picture. I’ve met BTC traders who said that BTC never fell more than 50% in its lifetime. Those are the traders that never looked at BTC chart before 2020.
BITSTAMP:BTCUSDEducation
by MoonBets
24
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
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
Weekly Trading Recap GBPUSD, EURUSD, USDCAD, CHFJPY June 26 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. GBPUSD: Running Position around BE Full analysis/forecast: EURUSD: 2 trades closed down for +5.33% USDCAD: Closed down for +4.62% CHFJPY: Closed down for +4.01% OIL: Closed down for -1.01% NASDAQ (NAS100): Closed down for -1.01% Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
37
Will the USD Continue its Strength ? Price Action Is Key Hello everyone: Let's take a more detailed look into the USD, and see how they are doing from last week. Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups. Personally I do see them very likely to continue the strength, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations. Let's take a look into all the JPY pairs, and see how we can approach them. DXY - EURUSD - GBPUSD - USDCAD - AUDUSD - NZDUSD - USDCHF - Any questions, comments or feedback welcome to let me know. Thank you
by jojofang0901
40
JPY Yen Pairs are gaining strength, what to look out for now ? Hello everyone: Since both USD and JPY pairs are all gaining momentum and enter into the impulsive phase of the market condition, let's take a closer look into them and see what we can expect from them next week and onwards. Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups. Personally I do see them very likely to continue the bearish trend, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations. Let's take a look into all the JPY pairs, and see how we can approach them. EURJPY: CHFJPY: GBPJPY: NZDJPY: AUDJPY: CADJPY: USDJPY: Any questions, comments or feedback welcome to let me know. Thank you
by jojofang0901
52
Weekly Trading Recap: EURUSD, USDCAD, CHFJPY, NAS June 19 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. EURUSD: Full analysis/forecast: USDCAD: Full analysis/forecast: CHFJPY - Full analysis/forecast: OIL Full analysis/forecast: NASDAQ (NAS100) Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
29
CHFJPY Top of structure, watch for reversal price action to sell Hi everyone: Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs. We can see there is a strong bearish impulse phrase from the price, and the consolidation begins. A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting. Latest price shows a lower time frame ascending channel, correcting itself to the top of the channel structure. Watch for bearish reversal price action, head and Shoulder, double tops, smaller ascending structures on the lower time frames to give us the confirmation we need to look for sell entries down to the lows. Feel free to ask me questions, or comment/feedback. Thank you
Short
by jojofang0901
67
Quick Breakdown and Outlook on the US Indices (NASDAQ, SPX, DOW)Hi everyone: Did a quick breakdown and outlook on the 3 main US indices. My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop. If price continue to move up or doesn't form any bearish price action, then no entry and move on :) NASDAQ - SPX - DOW (US30) - All of them will need to develop some bearish price action and confirmation before consider an entry. thank you
OANDA:NAS100USDShort
by jojofang0901
41
USDCAD Multi-Time Frame Analysis, Top-Down View Hi everyone: Quick breakdown on USDCAD. Looks to me price finally is giving us more confirmation, and this upcoming week we could potentially see some bullish opportunities. I briefly explained the higher time frame and lower time frame bullish bias and confluences, and gave a quick forecast on how I plan to enter if the right price action develops. Any questions, comments or feedback welcome to let me know :) Thank you
Long
by jojofang0901
57