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Momentum Indicator (MOM)

GBPUSD POTENTIAL LONG (HIGHER TIMEFRAME VISION) GBPUSD FUTURE UPSIDE POTENTIAL WHEN TAKING A LOOK AT GBPUSD ON THE DAILY AND WEEKLY TIMEFRAME, BASED ON THE MOMENTUM THE MARKET IS SHOWING ME I CANT HELP BUT THINK OF THIS MAKING A MOVE TO THE UPSIDE. THE MARKET IS SITTING AT WEEKLY CYCLE LOWS AS WELL AS A LOW POINT IN THE MARKET. ITS BEEN HAVING LARGER RESTS BY THE BUYERS AND SELLER ALLOWING FOR LARGER RESTS TO THE UPSIDE. RECENT MOVEMENT ON THE 4H AS WELL AS DAILY TIMEFRAME ARE SHOWING HEALTHY BUYER MOMENTUM. KEEP YOUR EYES OUT ON THIS PAIR AND FOR POTENTIAL MOVEMENT TO UPSIDE. WILL BE A LONG PERIOD OF TIME BEFORE POTENTIALLY HITTING TARGET ZONE MARKED ON THE CHART. CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE ANALYSIS
Long
by JosePips
USDCHF POTENTIAL SHORT OPPORTUNITY (4H & 1D)USDCHF POTENTIAL SHORT OPPORTUNITY. SO IT HAS BEEN AWHILE SINCE I HAVE MADE A POST ON HERE AND ITS FOR GOOD REASON. THERE HASN'T BEEN MANY GREAT LOOKING SWING SETUPS! I HAVE BEEN PRIMARILY SCALP TRADING THE NY SESSIONS IN THE MORNING CATCHING MY PIPS THAT WAY. AS I WAS DOING MY PRE-MARKET ANALYSIS THE MARKET HAD SHOWN ME A DECENT LOOKING OPPORTUNITY ON USDCHF CURRENCY PAIR. AS YOU CAN SEE BASED ON HISTORICAL DATA THIS PAIR IS SITTING AT A VERY SIGNIFICANT PRICE LEVEL. THIS WAS THE LEVEL THAT BACK IN THE PAST FEW YEARS WAS AFFECTED BY CHF LEAVING THE UNION. THIS CAUSED A SHARP DROP IN THE CURRENCY VALUE AGAINST THE USD. PRICE HAS BEEN HOLDING AT THESE LEVELS FOR YEARS NOW SHOWING ME THERE IS STILL IN INTEREST AND MEMORY OF THAT PAIR DROPPING. GOING DOWN TO MY LOWER TIMEFRAME CHARTS CONFIRMED THE BIAS OF A POTENTIAL SHORT BASED ON MOMENTUM ALONG WITH THIS STRUCTURE. LETS TAKE A LOOK. 1D CHART: *on this timeframe price is sitting at recent significant structure levels *there had been a strong seller push on the daily leaving a bearish engulfing candle as well as its most recent candle leaving a large wick/rejection to the upside 4H CHART: *on this timeframe this pair is displaying a failure to make new highs with signs of buyer momentum dying out *sellers are stronger than the buyers and are causing a 100% rest for every up move MY BIAS HAS BEEN CONFIRMED WITH THE PRICE ACTION THAT THE CHARTS ARE SHOWING ME. KEEP AN EYE ON THIS PAIR FOR GOOD ENTRY AND EXIT TARGETS. ALWAYS REMEMBER TO NEVER RISK MORE THAN 2% OF YOUR TRADING CAPITAL PER TRADE. NO TRADE IS EVER GUARANTEED TO GO IN THE DIRECTION YOU THINK. PLEASE LIKE AND FOLLOW MY PAGE FOR MY PROFITABLE TRADES! CHEERS!
Short
by JosePips
3
XAUUSD POTENTIAL SHORT OPPORTUNITY (1D&4H) XAUUSD POTENTIAL SHORT OPPORTUNITY I had been long in XAUUSD a few weeks ago after a decent buyer momentum move was shown to the upside on the daily time frame. After letting this momentum play out I was watching this commodity and its price seeing the buyers slowing down on the 1D timeframe chart and noticed that some seller strength was coming in. The market was showing me that the buyers were dying out and that seller interest and momentum was stepping in. After watching a price squeeze (AKA WEDGE PATTERN) on the daily timeframe play out and break to the downside it confirmed my bearish thoughts on this pair. Let's dive into it. 1D CHART: * on this timeframe price was at market highs and was showing signs it was overextended * the buyers had been slowing down and seller momentum started to kick in *there was a break of the squeeze of price action to the downside, market confirming a possible bearish move *price is overextended and showing it is more likely to make a move to the downside then to the upside 4H CHART: * use this timeframe to get a more specific glance at what the market is trying to show us *make sure price holds beneath the wedge on the timeframe so it is not a fakeout *use this timeframe for good risk/reward setup as well as precise entry and exits MAKE SURE TO ALWAYS USE PROPER RISK MANAGEMENT WHEN TRADING. NOT EVERY TRADE IS GUARANTEED TO SUCCEED AND IT IS IMPORTANT TO BE PREPARED FOR THE WORST CASE SCENARIO. NEVER RISK MORE THAN 2% OF YOUR WORKING CAPITAL PER TRADE TO PREVENT BLOWING YOUR ACCT. AND BEING ABLE TO TRADE MORE LONG TERM. CHEERS!
FX:XAUUSDShort
by JosePips
Is that a bull kiss in your pocket . . . ?Or are you about to crash and burn into the ground? Price momentum oscillator (PMO) is the lowest it's been since January 2016. PMO crossed above the signal line Dec. 3, but For the uninitiated, the bull kiss is the strong confirmation signal to follow when the PMO crosses above the signal line. The PMO will look like it's going to sputter out and drop like a rock, either converging on or even "kissing" the signal line before it gets a second wind and bounces upward. So is it a bull kiss? Unfortunately, I don't think so. Here are three prior bull kisses on DNR: Note that these PMOs have a steeper grade with more upward movement. The current PMO looks too flat for me to wager that it will bounce up from here. I'm done trying to catch the falling knife here. This is way oversold, but the selling pressure won't subside until oil finds a bottom and overall market volatility settles down. However, if the PMO can stay above the signal line today, that would make tomorrow and next week very interesting.
D
by LDC870
GBPCAD POTENTIAL SHORT OPPORTUNITY (1H & 4H CHARTS) GBPCAD POTENTIAL SHORT I was doing my pre-market analysis for the week and something about this pair had caught my eye. I was looking at global correlation between the currency pairs and the market had showed me that the CAD gained a lot of strength last week across the market. Due to this it had led to a CAD strengthened market which has now led into some trading opportunities. If you look at this pair on the 4H timeframe you can see the market make an attempt to make a new high and come into structure around 1.71600. This had immediately been followed by a very strong seller momentum push to the downside; not only moving to the downside but breaking the recent structure and swing low on the 1H and 4H charts. Lets take a look at where the trading opportunity may be. 4H Chart: *on this timeframe chart you can see that the market had come into structure around 1.71600 and was immediately followed by a very strong seller push to the downside *when the market had been pushed to the downside it not only was very strong but it also had broken structure on the 1H and 4H charts (showing seller control) *the sellers are a lot stronger than the previous buyer in this case and therefore led to a potential short opportunity *watch for a weak re-test by the buyers into structure if we see one 1H Chart: * on the 1H timeframe look for a weak pullback by the buyers AS WELL AS a strong seller interest to show up again *we want to see that because it will show to us that the seller is still interested in taking prices lower *use this timeframe for a good risk/reward ration setup! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE TRADE SETUPS! CHEERS!
Short
by JosePips
3
GBPJPY SHORT POST ANALYSIS (NY SESSION TRADE) GBPJPY NY SESSION TRADES I had been looking for some day trading opportunities during the New York session this morning and GBPJPY was showing some good potential short signals. When trading such a short timeframe the best way to approach it is to see what the VERY NEXT move the market is showing its trying to make is the one you have to capitalize on. This morning is was displaying a potential short. On the 15M-1H charts there was a very strong seller momentum push to the downside as you can see on the left hand side of the chart. The push had been a new low and the buyers had brought price all the way back up into the price level of 142.900 where the original move had started. This relief back into structure had been very weak compared to the downside push by the seller showing me that this was a 100% discount for the seller essentially. Which who wouldn't want a 100% discount ? ;) Let's take a look at this. 1H Chart: *on this time frame GBPJPY had been in a sellers trend for some time almost since the beginning of November. *watching the momentum it had showed mt that the sellers were still very interested in this pair to short 15M Chart: *during the NY session when I'm looking for a potential trade opportunity I look at 1H for bigger picture and 15M for the details of what it is trying to show me the next move will be *I had seen a very weak push to the upside and then a top started to form, showing seller interest again *risk/reward was fantastic and decided to take the trade for 100 pips profit REMEMBER TO ALWAYS IMPLEMENT PROPER RISK MANAGEMENT WHEN TRADING. STAY DISCIPLINED TO YOUR TRADING STYLE AND PROCESS. Please like and follow my page for more profitable trade setups as well as post-analysis ! Cheers!
Short
by JosePips
USDCHF POTENTIAL SHORT OPPORTUNITY 1D TIMEFRAME USDCHF POTENTIAL SHORT I had posted last week on USDCHF displaying how it is sitting at very significant structure. This last week the market had showed me a move that peaked my interest and that supported the short bias on this pair. On the daily timeframe this pair was recently moving to the upside, formed structure, then came crashing down failing to make a new high and breaking that newly formed structure level. The sellers came in with strong momentum and this led to my belief that the market is trying to tell me something. Remember to always let the market tell you what it wants to do rather than you telling the market. Follow who makes money and that is who moves the market (driving forces). This drop I think could be a lead in into a future potential downward move. Lets check it out. 1D Chart: * Price is sitting around the significant price area of 1.000 *The market attempted to make a new high after forming new structure and was immediately pulled down with seller strength *The seller showed strong interest in this price area not allowing it to go higher *watch for weak buyer pullback to display seller control/power 4H Chart: *on this timeframe look for a weak buyer pullback back into that recent significant structure *watch for strong seller interest again once price pulls back into the structure point *use this timeframe for better risk/reward on this pair REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT AND BE DISCIPLINED IN YOUR APPROACH. STICK TO YOUR TRADING PLAN. I UNDERSTAND NOT EVERYBODY IS GOING TO LIKE HOW I TRADE AND I AM NOT HERE TO APPEAL TO EVERYBODY. I AM HERE TO CHANGE AS MANY LIVES AS I CAN AND I UNDERSTAND ITS EASIER WHEN WE TRADE SIMILAR. BUT THE PRINCIPLES AND FOUNDATION ARE ALL THE SAME. Cheers! Please follow my page for more profitable trade setups !
Short
by JosePips
2
USDCAD POTENTIAL SHORT OPPORTUNITY (1H AND 4h CHARTS) USDCAD POTENTIAL SHORT OPPORTUNITY This setup is going to be similar to the GBPCAD setup that was posted this week as well. If you look at this pair you can see that recently the market had a very dominant seller move to the downside. The biggest tell if the selloff is legit or not is going to be the RE-TEST. The re-test is a huge tell sign of whether or not that move was legit or not. As traders we must trade high probable setups so that our potential of winning is greater than of losing. This is how we will become consistent over time and it takes strong discipline to do so. Let's take a look at this USDCAD setup. 4H Chart: * on this timeframe we can see that the market had come to a high point and was followed by a very strong seller push to the downside *you only want to sell the market at high point and sell at low points. This may sound very obvious for most people but that's not the problem. The problem is that most people do not apply it to their trading *look at this timeframe for a weak re-test by the buyers to confirm the seller is in control 1H Chart: *use this timeframe to watch the pullback on a more specific level *use this timeframe also to watch and see if seller interest comes back in on the re-test (if it doesn't we wont be looking to trade this currency pair) *make sure to have good risk/reward based on this timeframe MAKE SURE TO ALWAYS IMPLEMENT PROPER RISK. NO SETUP IS A GUARANTEE THAT IT WILL GO THAT WAY. WE ARE TRADING BASED ON PROBABILITY AND YOU SHOULD ALWAYS USE PROPER RISK MANAGEMENT. PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE TRADE SETUPS. CHEERS!
Short
by JosePips
USDJPY POTENTIAL SHORT OPPORTUNITY USDJPY POTENTIAL SHORT USDJPY is starting too display signs that the buyers may be dying out and that it may be time for a pullback/reversal on this pair. We have seen an uptrend in this pair since beginning of October at least and on the 4H it is displaying some signs on seller momentum and buyers weakening. USDJPY is also sitting in the area of multi-year highs and now starting to see some seller momentum come in. Remember we always let the market show us what it wants to do next so that we can analyze and go with the players that are actually moving the market. Lets take a look at it. 1D Chart: *on this timeframe you can see that price of USDJPY is sitting at multi-year highs *this is a significant area to watch and see how the market reacts in this are and if the sellers have enough control to have price hold at these levels or not *watch for lower low lower close on this timeframe as well as stronger seller momentum 4H Chart: *if you take a look at this chart you can see that the buyers are dying out and it looks like a top is being formed around 114.00 handle *sellers are coming in stronger than the buyers which is displaying good seller control and it may be a matter of time before they pull this market to the downside for some relief or a reversal 1H Chart: *use this timeframe to be really precise of a break and hold of the structure forming at this top for a possible potential downside move *also use this timeframe to obtain a more precise entry/exit for this pair REMEMBER TO ALWAYS IMPLEMENT PROPER RISK MANAGEMENT WITH YOUR TRADES. ALWAYS STAY DISCIPLINED TO YOUR TRADING PLAN AND NEVER RISK MORE THEN 2% OF YOUR TRADING CAPITAL. IT'S NOT ABOUT MAKING MONEY ITS ABOUT PRESERVING MORE SO. Cheers! Please follow my page for more trades!
Short
by JosePips
2
USDCHF STRONG STRUCTURE ZONE (WATCH THIS PAIR) USDCHF STRONG STRUCTURE ZONE I don't only want to post trades on here for you guys I also want to be able to post market outlooks and analysis as well. As you can see USDCHF is just starting to come into a very strong structure zone. Back in January of 2015 you can see that this market had a 16%+ drop in a matter of a week. THAT IS HUGE and as you can see it's something the market hasn't forgotten about and has been struggling to recover ever since. Market prices have not been able to break above this zone in years and this leads me to the fact that it is more probable that it will not any time soon. Now I could be wrong, but I let the market tell me what it wants to do and by the past few years it had shown me it can't break above that January 2015 high. Keep an eye out on price in this zone in the upcoming months to watch and see how this pair plays out and if we can potentially capitalize on what the market tries to show us. Keep and eye out and keep it on your watch list because it is a really significant zone based on the data it is showing us from the past market conditions. Cheers! Please like and follow my profile for more posts of trades, analysis, and big profits! Cheers!
Short
by JosePips
AUDUSD POTENTIAL LONG OPPORTUNITY (TRADE UPDATE) AUDUSD TRADE UPDATE Okay so last week I had done analysis on the AUDUSD currency pair for a potential long opportunity. The market had showed me that this was a potential opportunity because on the daily timeframe the market failed to make a new low and that was followed by a strong momentum buyer strength. It had also broken structure on the 4H timeframe and based on the momentum it is showing me that it is a legit breakout above that structure. This opportunity seems to have more of a potential to go to the upside then it does to the downside, also leaving us with a better risk/reward ratio. Watch the daily timeframe and the 4H timeframe for a potential continued weak pullback into that structure zone down at .71400 area. If we see the continued weak re-test (showing buyer control) and we see strong buyer interest come back in after this pullback then we can look to take this pair to the upside up into .74400 Keep an eye out and always remember to let the market show you what it wants to do next! ALWAYS make sure to use proper risk with your trading setups as well and stay disciplined to your trading structure and habits. Lets see how it plays out! Cheers! Please like and follow my page for my trade ideas and profits !
Long
by JosePips
AUDUSD POTENTIAL BUY OPPORTUNITY (1D CHART) AUDUSD POTENTIAL BUY OK so I know it has been a little longer since I have posted on here but this is going to be my first post since coming back. My thing is I understand that there is opportunity happening every week and heck even every day sometimes. But since I have people seeing my work I want to only be posting QUALITY content not QUANTITY content for followers, etc. I want to be able to give very precise analysis for everybody that is seeing my content because I hold myself to high standards and I expect my viewers to as well. SO, lets take a look at this. If you see this pair you can see that AUDUSD has actually been in a downtrend for a little bit of time now. If you look at what's been happening recently AUDUSD failed to make new lows then it was now followed by a very strong push to the upside by the buyers showing great interest in this pair by the buyers. Something that has really helped me in my trading is implementing the fact of BUYING AT LOW POINTS AND SELLING AT HIGH POINTS. Therefore when I see this kind of momentum occurring at a low point in the market, it shows me its more probable to go to the upside because we have more buyers down here. Lets take a look. 1D Chart: *On the daily chart we can see that price failed to break new lows and then was followed by a very strong buyer interest *price had broken recent significant structure around previous lows around the .71400 handle *look for a weak pullback by the sellers into that recent significant structure area *look for strong buyer interest to come back in at this area to show he is still interested in this pair 4H Chart: * look for a weak pullback by the sellers on this timeframe *use this timeframe to have a more precise look into a proper and possible entry and exit positioning on this pair *watch for buyer interest again P.S. SINCE AUDUSD IS IN A DOWNTREND LOOK FOR A POSSIBLE FAKEOUT TO THE DOWNSIDE IF WE SEE ONE BEFORE THIS POSSIBLY REVERSES UPWARDS. Please like and follow my page for more posts! Always remember to implement proper risk management with every trade setup and make sure to follow your strategy with discipline and patience! Cheers!
Long
by JosePips
XAUUSD (GOLD) POTENTIAL LONG OPPORTUNITY GOLD POTENTIAL LONG After this recent week of market activity the commodity market had displayed a strong buyer interest move on Gold. After looking at the daily timeframe chart you can see that price had been holding around the lows since early August of this year. After some time this last week the market had shown strong buyer interest based on the strength of the buyer breach above the significant levels around 1206. After seeing this strong move made by the buyers it had caught my interest and had allowed me to build a possible trading scenario based on that. ALSO A TIP TO INCREASE BIG PROFITS, when looking for significant structure a HUGE tell sign if its a significant level is the strength of the BREAKOUT. ALSO; how do we know if it's a breakout ? THE STRENGTH OF THE BREAK. I usually don't give such profitable tips for free but these two concepts will really allow you to increase profits and your trading probabilities. So, lets dive into it ! 1D Chart: * on this time frame the buyers displayed a strong break above the multi-month structure level around 1206 *the momentum showed me first off they're interest in this pair, because they created a significant break, as well as its more probable for the next move to be to the upside then to the downside *watch for a weak pullback on the daily time frame and a hold of a price to confirm the breakout and buyer control 4H Chart: *on this time frame look for a weak pullback into the multi-month structure level *look for strong buyer interest again around 1206 to confirm the buyer interest in this pair 1H Chart: *use this time frame for a good risk/reward ratio *watch for strong buyer interest also on this pair around 1206
FX:XAUUSDLong
by JosePips
FIAT CHRYSLER AUTOMOBILES POTENTIAL SHORT (STOCK) FCA POTENTIAL SHORT Most of my analysis and setups are going to be in the FOREX markets but from time to time I see potential opportunity in other markets as well so I want to post them so that everyone following me, regardless of the market you like to trade, can potentially benefit from these setups. I had been looking through certain automobile stocks and I had come across this stock and based on the recent breakdown, head & shoulders pattern, and momentum I couldn't pass up the idea of posting it on Trading View. I like using this resource as a tool to also keep me accountable for my trades and use it as a tool to stay disciplined and only trade setups that are within my guidelines and making sure every trade is a strategic business move with a high probable setup. 1D Chart: *This chart had displayed a very strong break of recent significant structure around $15.50 price area *Following this strong break of structure since July 26th there has been a weak pullback by the buyers back into that recent structure level ***I also like calling structure (activity levels) ; it is a good tool for me to see where the last activity was occurring and how the market is usually drawn back to those points *Wait for strong seller momentum to come back in, if we see any, on this re-test before looking to short; we need to build just a little bit more of a case before shorting 4H Chart: *use this chart for more specifics on price and watch for that early tell of seller momentum to kick in *look for a good risk/reward using this time frame as well Remember to always have a trading plan when approaching the markets. You always want to make sure each decision is a business decision an in order to grow your business you must make strategic moves with a good risk/reward ratio and a strong risk management strategy; for me its never risking more than 2% of trading capital. Keep an eye out ! Cheers!
FShort
by JosePips
GBPJPY POTENTIAL SHORT (1D & 4H) GBPJPY POTENTIAL SHORT When I had done my pre-market analysis this weekend I wasn't seeing anything that had showed me it could be a high probable trading setup. After watching some liquidity come into the market GBPJPY had caught my attention. GBPJPY is at structure highs on the 1D timeframe and has been showing strong signs of buyer exhaustion and seller strength/control. If you look at the 4H timeframe you can see every push up by the buyer is followed by a very strong push down by the seller. This indicates that the buyers are dying out and the sellers are taking control. It is failing to make new highs and is being followed by strong seller momentum. By the market doing so it shows me that the sellers are interested in selling price and the buyers are dying out. REMEMBER TO ALWAYS LET TO MARKET TELL YOU WHAT IT WANTS TO DO, NEVER TELL THE MARKET. At the end of the day if you want to be trading profitable, and probable setups you have to flow with what the market is telling you. So lets dive into this. 1D Chart: *price is sitting at very significant structure around the 148.00 handle *buyers have attempted to re-test highs but sellers smack down price with strength (showing control) *buyer is dying out (bearish engulfing candle) 4H Chart: *on this timeframe chart at the highs buyers are followed by stronger seller momentum (control) *watch for a break and hold beneath the 4H ascending trend-line, so that all participants are on the same page (equating to larger move) *watch for slight small weak reaction at trend line, break beneath, and a small re-test before dropping (if it does) 1H Chart: *use this chart for precise entry based on momentum, structure, and good risk/reward Keep an eye out! Cheers! Please like and follow my page for more high probable trade setups!
Short
by JosePips
EURUSD WATCH THIS PAIR (1D Chart) EURUSD WATCH THIS PAIR I wanted to make a post on this pair because EURUSD has been in an interesting spot lately, or I should say a few spots. The market was displaying to me that it was due to the fact that many different people had their outlooks on this pair therefore it led to indecisiveness in this currency pair. If you look at this daily time frame here the 1.15500 handle has been very significant level for price action on this pair. Since May of 2018 (this year) price has been holding above those levels. On August 10th of this year it attempted to break those levels but price ran right back above structure showing us a fake out. This is where the market started showing signs of indecisiveness and hasn't been able to break above the 1.17500-1.17800 price area. THEN recently price dropped from the 1.17800 area down UNDER the 1.15500 level. SO based on what the market has recently been showing me is that price has come down BELOW the significant 1.15500 handle that it had been holding above and HAS NOT ran right back up yet. I want everyone to keep an eye on this pair because it's in a significant spot right now and if price holds beneath this level and shows us some strong seller interest then we may see a more long term drop on this pair. Keep an eye out on this pair and I will to continue giving updates throughout the week on it. Cheers! Please follow and like my page for more trades on TradingView!
Short
by JosePips
EURGBP POTENTIAL LONG OPPORTUNITY (Short Term) EURGBP POTENTIAL LONG So after battling myself for a little while I decided to make a post on this EURGBP currency pair. I was battling myself on this due to the fact that the EUR pairs aren't having any great correlation at the moment and the GBP pairs aren't totally decisive either, BUT the momentum on this trade was displaying to me a decent trading opportunity on the short term so I thought I would share it. This pair on the 1D chart on September 21st had a very large and strong push to the upside by the buyers, which caught my attention. It had displayed to me that the buyer was very interested in purchasing this currency pair. Remember let the MARKET tell you what it wants to do rather than the other way around. So lets break this down and let me show you why the market is showing me to go long. 1D Chart: *on this time frame there was very significant buyer momentum/interest on September 21st *if you look at the pullback by the sellers compared to the push by the buyer it shows that the buyer is a lot stronger *the strength shown by the buyer compared to seller weakness shows me the buyer is in control (which is good if looking to buy) *watch for a higher high higher close (bullish engulfing) on the daily time frame 4H Chart: *on this chart the momentum is very distinctly stronger for the buyer compared to seller pullback *watch this chart for a more precise entry and use this chart for risk/reward ratio *if price breaks the low on Sept. 21st with strength we will not be looking to buy this pair Remember to always approach the market with a disciplined, consistent approach. Let the market tell you what it wants to do rather than you trying to tell the market, because at the end of the day if you let the market speak for itself, you will see it's trying to tell you something, which is what we as traders capitalize on. Keep an eye on this pair! Please like and follow my page for more setups! Cheers! p.s. I post quality over quantity
Long
by JosePips
GBPNZD LONG POST ANALYSIS 08/08GBPNZD POST ANALYSIS FROM AUGUST 8TH 2018. I want to post quality content for the people on TradingView and I believe that one of the most valuable tools is knowledge through experience. In trading there are a lot of failures, trust me. I have made and lost 6 figures in trading. But I have come back from those failures better, stronger, and more consistent than ever. I wanted to share a post-analysis on a trade that I took in August that wasn't posted on TradingView. So lets dive into it. On this pair I was watching the market conditions on the 4H time frame and I had seen that choppy market conditions were followed by a 100%+ push by the buyers, showing me control and interest in buying this pair. I usually don't give this valuable of information for free but I value everyone's skill and time so I want to mention it. The biggest sign if a trade will be successful or not (in what I've experienced) is the RETEST. It is SO CRUCIAL to watch the re-test because it will explain if this market is truly in the interest of a buyer/seller or if this was a fake momentum move. It's a great way to find more bullet proof trades. If you look at this example the strong push to the upside was followed by another weak, choppy market conditions re-test. This showed me that the buyer who created that push to the upside is in control and not it's a matter of time to wait for the interest to come back on the re-test. I used recent significant structure on the 4H to build my hypothesis to the fact that if price holds this structure level and I see buyer interest there, then I will look to go long on this pair. As you can see after holding for numerous days buyer displayed his interest again, and the market was taken up into the previous highs and beyond! I wanted to share this example because there is SO MUCH OPPORTUNITY in these markets at all times. It's all about having a plan, staying disciplined, and taking action! Please like and follow my page for more trades before and after ! Cheers! p.s. ALWAYS ASK YOURSELF WHO'S STRONGER BUYER OR SELLER? Cheers!
by JosePips
1
PGNX TRADE UPDATE POTENTIAL LONG PGNX POTENTIAL LONG I had made a post on August 28th for a potential long opportunity on this pair. After letting the market play out for a few days it has given me a better structural trade and better looking potential long opportunity for what I like to trade. This pair had made a strong push from the $7.30 price area to the $9.30 price area back in late July to late August. This strong push had been a point of interest for me due to the fact that momentum is a big tell on what the market may potentially do and where it could potentially go, so I waited to see what the pullback entailed. Always remember trading is about probability, nobody could for sure 100% guarantee what the market is going to do next so it's our duty as traders to only trade setups that have a good probability to go in the favor we have analyzed it too. So here is my next thought for this pair. 1D Chart: *on this time frame chart it had displayed a very strong and healthy push by the buyers back in late July and early into August *the momentum of the push had been a strong buyer momentum push showing strong interest *the pullback on the 1D chart by the sellers had been clearly weaker than the push to the upside (better probability) *once this pair had pulled back almost 100% you can see it started to form an ascending trend line with interest from the buyer 4H Chart: *on this time frame chart it shows how once the pullback had occurred the buyers started to take interest again by forming an ascending trend line with stronger momentum on the buyer side *this displays the fact that the buyer may most definitely be still interested in purchasing this pair (now at 100% discount from peak) *watch how price reacts at this ascending trend line and look for strong buyer interest again at the trend line Based on the setup of this trade, I dont usually give stop losses because risk is different for every trader, but if price hits 7.50/7.10 price level I would hold off on looking to go long on this pair. But aside from that as long as its above that price and we see that strong buyer interest again look for this stock to make a nice push to the upside. Remember ALWAYS have a trading plan when approaching the markets. You never want to come into the market unprepared because it will take your $ every single time! ALWAYS make sure to also implement proper risk management never risking more than 2% of trading capital as well as a good risk/reward ratio to make your trades more statistically probable for profit. Cheers! Keep an eye out !
PLong
by JosePips
3
PGNX POTENTIAL LONG PGNX POTENTIAL LONG 1W Chart: * on the weekly chart if you look at recent data it is displaying the fact that the recent buyers are a lot stronger than the sellers *one candle up from the buyer took out 6 candles down from the sellers 1D Chart: *on this chart it is displaying the fact that the recent buyer had pushed price up above 4H structure and seems to be holding above this level *the momentum on the daily chart also favors the buyers, giving us a higher probability for the long side trades 4H Chart: * on this chart it is displaying that price has broken recent significant structure and has been holding above this level * yesterdays candles display a weak re-test by the sellers into that recent 4H structure point 1H Chart: *use this time frame for accuracy of entry as well as risk (stop loss) ALWAYS have a strategic trading plan when approaching the markets. You want to stay disciplined to your plan no matter what the conditions are. ALWAYS remember trading is about probabilities, nobody knows with 100% certainty what the market will do next but with good probabilities on your side as well as proper risk management it could lead to a profitable and consistent path of trading. Cheers! Keep an eye out! PLEASE like and follow me here on TradingView for more setups!
PLong
by JosePips
2