Get started

M-pattern

Weekly Trading Recaps: AUDJPY, NZDCAD, XLMUSD, SUGAR, BTCUSD Hello everyone: Welcome back to another weekly trade recap video. This week I got evolved in 3 additional positions, and I currently have 4 trades that are running as well. So let's take a look: AUDJPY - First Trade -Full 1 % loss. Second Trade: Entered once price completes the channel, recent double tops, breakout entry. Running about 1%. SL at BE. NZDCAD - Full 1 % loss. Good price action to break out, and entered at the LTF correction. Price made a push up before dropping down impulsively. Sometimes this will happen and I understand the R:R, so no emotion for me and move on even tho the trade is going toward the TP. XLMUSD - First trade got tagged out for 0.5% profit. Entered the second trade as price completes that HTF continuation correction, and we see a confirmed breakout. SUGAR - Still holding the trade, currently around 4% profit. BTCUSD - Still holding the position, currently around 6% profit. Any questions, comments or feedback feel free to let me know. Thank you Jojo
BITSTAMP:BTCUSD
by jojofang0901
14
Setting up and utilize tradingview (layout, drawing panel)Hello everyone: Welcome back to a quick video on tradingview setups. Many of you have asked me about how you should set up your charts, your settings, customizations, watchlist..etc. So I will make a quick explanation video on this. Chart: -Create a blank chart -Save under different names for different purposes -candlesticks -timeframes -screens -syncing Setting/customization: -color -appearances Drawing Panels: -favorite the ones you're gonna use the most. Watchlist: -create watchlist -flagging Alerts: -set only the ones with high probability potential, do need to set like 30 alarms. As always, any questions, comments or feedback please let me know. Thank you
OANDA:SUGARUSDEducation
by jojofang0901
12
Weekly Trading Recaps: XLMUSD, NZDUSD, BTCUSD, SUGAR Jan 09 2021Hello everyone: Back here with another weekly trade recap video. This week I did enter 2 more positions, and still holding 2 trades from last week. Let's take a look: XLMUSD (Stellar) - Once price impulsively breaks above the HTF flag structure, I looked for LTF continuation correction to get in. I was fine with a bigger SL due to the nature of crypto, and fine holding through it for a long term approach. NZDUSD - Entered with a stop entry order, and then price eventually tagged me out for a full loss before resuming the downtrend as I forecasted. Looking back at the trade, I was fine with the entry, and saw a completion of a LTF correction. Even though price reversed a bit and tagged me out, it still completes the LTF correction and eventually still moves to the downside. Sugar - Still in this one, as I see price hits the previous swing high tops, and then formed this LTF Head and Shoulder, I knew there is a probability that the price may not continue upwards. I am fine with a SL still at BE, as my bias on the HTF still could work out, and did not want to choke the price. BTCUSD - Running deep into profit. Will let the trade run and adjust SL accordingly. Looking to continue to hold as long as I don't see any trend changes or clear LTF bearish price action and reversals. Any questions, comments or feedback please let me know :) Thank you Jojo
BINANCE:XLMUSD
by jojofang0901
12
In depth look at continuation bull/bear flag structures/patterns Hello everyone: Welcome back to another quick educational video on price action structures/patterns. Today let's go deeper into the continuation correctional structure. Specifically, the continuation bull/bear flag structure. First it's important to understand that a bullish/bearish flag is a continuation correction. They are representing a correctional phrase of the price action, before resuming the previous impulse phrase. As price action traders, we must be able to identify what correction we are seeing. This will allow you to get ahead and make your forecasting so you are prepare to any potential entries Second, bullish/bearish flag correction will appear in any time frames, any markets, and in different sizes. Typically a flag correction will have at least 2 swing highs and 2 swing lows and relatively even and proportion in angle or length. They can be slightly slanted or very parallel to each other. Remember the market is not perfect, it wont always present us picture perfect, textbook structures. Thirds, So its important to understand multi-time frame analysis, top down approach. A LTF bullish/bearish flag may or may not have the potential to start taking off massively due to the higher time frame showing us a conflicting bias. So its important to add as much confluence to your trade as possible. As always, any questions, feedback or comments please let me know :) See you all in my next weekly outlook stream. Thank you
BINANCE:XLMUSDEducation
by jojofang0901
18
Weekly Trade Recaps: BTCUSD, SUGAR, AUDNZD, CADJPY Jan 01 2020Hello everyone: Welcome to 2021 :) Hope everyone had a wonderful time with their family, friends and others. Looking forward to what 2021 will bring for us in trading :) Let's take a look at the 2 positions that I entered from last week, as well as the 2 trades that were closed down as well. BTCUSD - Currently running about 1.5:1 Profit. As the price broke the previous tops of the correction, I moved my SL to BE. SUGAR - Currently running about 1:1 Profit. I moved my SL to BE now. AUDNZD - SL hit for 3:1 profit. Was happy with the management approach that I made. Even if the price seems to continue going up, I am fine with the result. CADJPY - Closed down both trades. Result in BE for total. I knew the risk when I entered the second trade, and it's always in my risk management plan to move my first trade’s SL to 1:1 profit to protect my account. Any questions, comments or feedback please let me know :) Thank you
BITSTAMP:BTCUSD
by jojofang0901
7
Weekly Trade Recaps: CADJPY, AUDNZD, LTCUSD December 27 2020 Hello everyone: Merry Christmas and Happy New Year. Last week was somewhat quiet as we had Christmas holiday going into the weekend. Quick going over my current positions from last week, did enter a scale in position, and that was it. There was 1 miss trade that I did not take. CADJPY - First trade running about 2%. SL at 1:1 RR. Second trade scaled in. AUDNZD - Running about 4% in profit. Set my SL at 3:1 RR. Happy to see the trade goes either way, either hit my SL or continue higher and break previous highs. Then I would look for continuation correction to scale in. LTCUSD - Missed trade. Did like the overall price action, but did not have the chance to enter. Any questions, comments or feedback please let me know. Thank you Jojo
by jojofang0901
11
In depth look into double tops/bottoms price action structures Merry Christmas everyone: Hope everyone is well and healthy, and enjoy the holiday season as much as we can :) Back here with another quick educational video on price action structures/patterns. I am going to go into detail on double tops/bottoms type of price action. Many of you have asked me to elaborate more on what double tops/bottoms truly mean, and they sometimes get confused with a support/resistance. I will go into more detail on this topic to clarify the differences. In addition, I will bring out some different examples in the market, and demonstrate how I see double tops/bottoms the way that works for my trading and its analysis. How I confirmed what a true double tops/bottoms is, and how to look for potential entries once you see them form. Understanding that multiple time frame analysis, nature of the market plays a big role to determine if the double tops/bottoms are “valid” and to give us more confidence to enter a position. The higher the time frame, the more significant it is to that double tops/bottoms and the potential reversal move from it. As always, any questions or feedback please let me know. Merry Christmas and happy new year everyone :) Thank you Jojo
OANDA:US30USDEducation
by jojofang0901
12
Weekly Trade Recaps: CADJPY, XRPUSD, AUDNZD, USDMXN December 19 Hello everyone: Back here with another weekly trade recap video. This week a few more trades were entered, let's take a look. CADJPY - Running about +1.5%, SL at BE. Like the double tops, reversal correctional price action on the lower time frame. XRPUSD - Running about BE. Happy with the entry and the bullish price action at the time. AUDNZD - Scaled in the second entry, got out for BE. Still in the first trade, running about +4.5%. USDMZN - 1% loss. Overall I would take the entry over and over again, fine with my entry and the loss. NZDCAD - 1% loss. This trade I set an entry order, and did not remove it before the roll over period. Got tagged in with high spread and quickly took a full loss. Good reference and thing to watch out for in future. Any questions, feedback and comments please let me know, thank you.
BITSTAMP:XRPUSD
by jojofang0901
6
How to scale into the impulsive phrase of the market condition? Hello everyone: I want to go over an important topic of scaling into the market. This is something more advanced in my opinion, and should be used cautiously when applicable. First you will need to understand that it's important to fully accept the risk when you try to scale in a trade. Essentially you are doubling down on a trade when you do so. What is your risk management when it comes to scaling in ? Second thing to watch out for is managing your first initial position. I would generally move my SL to at least BE or in 1:1 profit. This way even if the second trade that I scale in end up to be a lost, I am BE overall on the two trades. Third point to remember is before you scale in the trade, is there enough R:R to justify it? No random entries just because there is a continuation correction on the 5 min chart as an example. Some price action must be present and give you enough confidence that the price is likely to continue from a structure, and then look to scale in the trade. Any questions or comments please let me know :) Thank you
Education
by jojofang0901
12
Weekly Trade Recaps: AUDNZD, GBPAUD December 12 2020Hello everyone: Quick recaps on the trades taken this week. AUNZD - Currently SL at 1:1 profit. Looking clean to at least hit the previous tops area. NZDCAD - closed down for 3.5% profit. Understand what the market is likely to do and management plan is to secure profit before bigger corrections. EURNZD - closed down for 2% profit. Quick note here is, I am perfectly fine not getting the full % of trade as my target was at least the recent swing tops, and did not want to “choke” the price. I follow my plan with it and am overall satisfied with the result. Miss trade: GBPAUD: my psychological mis-step. Had the bearish bias on all AUD pairs during the time and even though looking back at GBPAUD had great price action, I did not proceed to consider entry with it. Any questions or comments let me know :) thank you
by jojofang0901
8
Closer look at Ascending/Descending structure price action Hello everyone: Let's take a closer look at the Ascending/Descending channel structure in the market. Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse. Whereas a descending channel structure will form at the bottom of the overall price action, and once correction is complete, we are likely to get a reversal from the bottom. Smaller chances these channels will appear in an impulsive move as a continuation correction, but not as frequently as appear as a reversal correction. These channel correctional structures are forming because there's currently a close number of buyers and sellers in the market that continue to go against each other, hence price isn't in the “impulsive” phrase, rather just in the “correctional” phrase. But, we know from the nature of the market, once the correctional channel completes, we have a high probability of entering the impulsive phrase, and the reversal move is likely to be sharp and fast. The key is to identify these Ascending/Descending channels on the higher time frame analysis, and go down to the lower time frame to confirm the reversal price action. This will allow you to get maximum R:R. You want to find reversal price action on the LTF to give your extra confluence and confirmation that the Ascending/Descending channel is finished correcting, and an impulsive phrase will enter the market. As always, feel free to ask me questions or comments. Thank you
by jojofang0901
12
Weekly Trade Recaps: NZDCAD, EURNZD, AUDCHF December 05 2020Hello everyone: Hope everyone is having a good weekend and is preparing for the next week. I will be starting to do these weekly trade recap videos on a weekly basis starting in 2021 January, and want to hear feedback from everyone in the community on this style of educated information. Let me know what you think of these types of contents and formats :) NZDCAD - Currently running about 5:1 RR, SL at 2:1 profit. Looking for more LTF continuation for possible scale in EURNZD - Currently running about 3.5:1 RR, had a scale in opportunity for the second entry. First entry SL at 1:1 profit, and second trade at BE. AUDCHF - BE trade, still seeing if more downside bearish momentum can happen in next week. So any questions, feedback or comments please let me know, thank you very much. Jojo
by jojofang0901
11
Take a closer look at price action analysis in trading Hi traders: Hope all is doing well. I want to do another quick educational video on price action analysis. Many have asked me to elaborate on this topic, and I thought video is the best way to do so. So basic understanding of price action analysis is that after a strong impulse phrase in the market, we will get a period of consolidation (correction) before the price is likely to resume the direction. This is what we can structures and patterns when the correction begin to form. Understand that when we dont see a correctional structure after a strong impulse, this is usually a sign from the market telling us the price may reverse soon. Its important to fully acknowledge what the market is presenting to us, and if we are seeing different clues from the market, then accept it, and change your analysis's view. As always let me know if you have any questions or comments. Thank you
OANDA:XAUUSDEducation
by jojofang0901
6
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
Editors' picks
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