Get started

Priceaction

Why I don't use MA/EMA indicators in my analysis Hello everyone: In this video, I am going to explain my reasonings on why I personally don't use MA/EMA in my analysis. I will start off by saying that I have nothing against traders who use them and are consistent and profitable. I am sure there are many who do use indicators in their analysis along with their trading plan, risk management that find success in trading in given marker conditions. For me, my trading style focuses on price action structures/patterns. I am analyzing the market in its pure form of movement. In order for me to be clear on the price action, I need to “remove” all sorts of other “noise” on the chart. This is when having MA/EMA, and other common indicators can create potential issues for my style of trading. When we have indicators on the chart, it normally does help traders to identify “trending” markets, overbought/sold, as an example. The most used ones such as MA/EMA are going to help traders to find trends of continuations, but it doesn't necessarily become a target or support/resistance for the price to bounce off. Many find trading through such an “area” would be not ideal, hence they can take profit or target that general area. While, some can use that as a stop loss area, so long the price will “reverse” from it. However, when I see the price action on the HTF is in the impulsive phrase of the market conditions, on the LTF the indicators will not “catch up” to the most current price conditions. As the indicators are calculated based on the price movement, and since an impulse pushes up/down the price very aggressively, it takes time for them to take the movement into its equations and move according to it. The important thing is to not “overload” your chart with too many indicators and lines going across. There will be too many “contradicting” biases and it will confuse you as a trader. Simplicity is best, and less is more. Thank you
Education
by jojofang0901
12
Trading Psychology: Over Leveraged Trading Hello traders: Welcome back for a quick educational video on over leveraged trading. This ties with Trading Psychology greatly, and I want to elaborate on this a bit more to give new and experienced traders my understanding on this topic. It's important to know that leverage can work for you as well as against you. You may already hear this a lot when you open a new broker account. However, it's only when you actually start trading then you will understand the true meaning of this. When you enter a trade with leverage, you are entering with a great risk behind if you don't have proper risk management. Since leverage is a “double edge sword”, trades that are in profit or losses will be magnified. You are easily over traded, meaning you can have multiple entries on the same pair or same move/run. Again, this would be nice if the trades are going in your favor, but if not then you are going to have a huge drawdown of your account. Professional traders understand drawdown is evitable, but they also minimize it so when they are in profit, they can easily make the drawdown backs. Let's take an example of what an over leveraged trading combine with trading psychology could look like: ---enter a trade, and with a big position (no risk management, and not consistent with trading plan) ---begin to see price fall, then either he/she will have a SL and get taken out, or no SL then price will continue to drop then the small account is gone in no time due to the big position. ---If he/she did have a SL, then they are taken out, but just lost a bigger % of their account. Now the emotions kick in to try to “chase” the money back. So revenge trading emotions start. ---Because the account has high leverage, the person can easily open a bigger lot position, double the previous one in fact (same strategy out there says to do this) and make back your losses. If first trade was risking 5%, then this next trade is 10%) ---After several losses, the account is already cut in ½, and he/she can no longer open the high lot positions. ---They will then reduce their position size, but still at maximum leverage allows. ---Soon the account will get blown out, and the person will either blame the market, strategy, lesson and more. I see this cycle of trading all the time in new traders, and it has a combination factor such as emotion, mindset, risk management, trading plan and more. But what is easily controlled by you is to reduce leverage allowed on the account. Simply dropping it down to less leverage will help the trader to not over leverage, and maintain a few trades only with smaller position sizes. So, I encourage the new traders to really think about this topic and reflect on yourself to see if you ever fall into this cycle before. You may not blow your account, but certainly have experienced revenge trading and over leverage trade when the emotions kick in. I myself included it at the beginning of my trading journey also. That is all I gotta say on this one. Let me know if you have questions and feedback :) I will chat with everyone next time in my live stream. Thank you
OANDA:XAUUSDEducation
by jojofang0901
24
Gold 100 pips Buy Breakdown 1890-1900Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown. When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final confirmation was that it broke the high of the previous bullish 15m candle. Then I entered the trade. My stops were below the 15m wick rejections and my two targets were 1897 and 1900. Both targets were smashed within a few hours with very minimal drawdown. If any candle from 15m upwards closed below support, I would have closed my positions as it was invalidate the setup.
FX:XAUUSDEducation
by mcrhf_fx
8
NZDUSD Daily & H4 Comparison Analiysis for next weekA Double Top formation on D1 followed by another Head & Shoulder Price Action Pattern on H4 which gives me Kicker to Trigger the Short option on this pair on the upcoming week. Also to keep in Mind if not H&S on H4, then a Double Top from the same can also give me a good Sniper entry to go Short. Depending on the Kicker and will decide my SL level but TP not less then 1:2 Trade Execution can be expected anywhere between Tuesday - Wednesday. So keep watching this one and put it on your To-Do List
Education
by Manjinder_Singh_Sasan
2
My journey in trading, experiences, ups and downs. Hello everyone: In this video (all talking in this one) I am gonna talk about my trading journey and experiences. All the ups and downs that I have been through in hope to give new and experienced traders a honest raw example of a trader’s journey. Of course everyone learns and absorbs information differently, and I am sure there are people out there who didn't have to go through the way I did, but I thought sharing my journey would help some of us who are still struggling to find consistency in trading. So, a little bit about my trading journey: Beginning Stage -Not profitable the first 2+ years, gone through the roller coaster ride of a trader’s journey -Start with S.R and indicators. Does work and makes profit, but doesn't suit my personality. -Was not consistent, some weeks in profit, some months in losses -Made all the mistakes, wanted to give up and quit many times. -Had negative trading emotions, mindset, and no idea on trading psychology -Not following the trading plan, no risk management -Over trading, over risking, revenge trading -Emotional when I miss out potential runs of the market -Blame the market on my losses Turning Stage: -Did not give up -Admit all my mistakes, work on them, change them. -Truthy admit you are in control of your trading account, not the market, strategies, mentors or other external factors -Put in the time and effort, understand that this is something it can be your career for the next 30 years, what is it to you to put in a few years of hard work ? Acknowledge the market will evolve and change, and we need to adapt as a trader -Understand trading is a probability game, not right or wrong. I can be wrong, and won't affect my emotions. -Want to be the "house" rather than a "player" in a casino setting, -Learn about price action and structures. -Have no problem missing trades and profits, understand the abundance of opportunities in trading -Follow my trading plans, make goals, back testing, forecasting, journaling -Acknowledge my expectations in trading, 3:1 RR, 15-20 trades, 1% risk per trade, 35-40% strike rate (higher strike rate requires less R:R). Looking for consistent growth of accounts and capital -Understand once you are consistent, there will be more opportunities and investors who are willing to let you trade -Continue to have a humble attitude in trading and market -Continue to learn and grow So I hope I answer most of the questions that you have asked, but if you have additional questions on my journey and anything else, let me know below. :) Thank you
Education
by jojofang0901
14
US TECH: GAME OVER?Well, get your popcorn ready!! US Tech 100 is in a precarious position. This is another thing that rules the world! Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷‍♂️🤦‍♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do their stuff. We need them - for the big money transfer- so they're much loved! 🤣 Price action on this on the 3 to 5 min time frame today was soooo exciting! LOL. Call me a nerd - it's fine. LOL. 😉😎 If you wanna see what's really happening you just gotta get dirty in the trenches! I'll be doing a video soon, showing how I look at price action in the indices, comparing the rule of Tech100 with other indices. Stock up on popcorn! 😂👳‍♂️ I don't do predictions - because I believe trend is more important than price . Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:USTECH100CFDEducation
by Captain_Walker
In Depth Look at Continuation & Reversal Structures/Patterns Hi everyone: In this educational video, I will explain how I determine reversal and continuation structures/patterns in the market. Many have asked me to break this topic down more in depth and in live, so I hope I can address all the questions I get on this. So, in my opinion there is only 2 main type of structures/patterns: Continuation Structures Reversal Structures The key to find consistency in price action trading is to identify what kind of correction the structure is forming. Is it a reversal, or is it a continuation? Since after a correction is finished, we are likely to see an impulse move from that structure, and it's good to understand when and how likely that structure will either continue or reverse the current price. Below I will list out some of the most commonly identified reversal and continuation corrections. To me, it's not too important what people call these structures/patterns, but what you need to determine is, is it a reversal or continuation structure? Because, the market is ever evolving, and price action structures/patterns are also evolving. Sure we can learn a lot from the typical “Textbook” structure and patterns, but they often or not won't be picture perfect, and we need to utilize what else the market is telling us to determine the structures. Continuation Structure -flag -channel -triangle -pennant Reversal Structure -wedge -ascending/descending channel -Double Tops/Bottoms (M and W pattern) -Head and Shoulder Understanding how the price has been moving thus far, will give you a more clear understanding of what the structure is going to form. For example: -When we see price at the top of a HTF structure, slowing down and correcting itself up, you will be looking for reversal structure from the top, and looking for the sell. -When we see prices broken out of the HTF structure, you will be looking for a continuation structure to form and continue the buy. As always ,feel free to ask me questions or comments. Thank you
Education
by jojofang0901
26
SOYBEAN Higher Time Frame Outlook on structureHello traders: Looking at soybeans from the higher time frame perspective and its price action structures. We see strong bearish impulse down from mid of 2018, and has been in this larger channel like structure ever since. Price has been consolidating for these few years, and finally breaking to the top in the recent times. What I like about the price from a structure point of view is that we just broke the previous top, but on the lower time frame the price broke up in a corrective structure. I see this type of price action over and over again. Price breaks up, catching a lot of buyers, then see a strong sell momentum down. I wouldn't be surprise to see some bearish impulse from the lower time frame, to bring the price right back into this larger channel structure, and we can potentially see the next bearish move from the top. For now, happy to be a bit more patient, and wait for price to develop a bit more. thank you
OANDA:SOYBNUSDEducation
by jojofang0901
6
How to scan the market daily and reduce emotional tradingHello everyone: Many have asked me how I do my daily scanning of the market, so I thought making a quick video to explain all that would be ideal. I will always do a weekly outlook at beginning of the week. This will take me a bit longer to do, but will go through all pairs, instruments to see how the price is doing from last week. Using tradingview's features, I can then categories them in different watch list so I know which ones are in high priority to look out for, and which ones are still in need of more development. Then, everyday I will try to scan through the market in all 3 major sessions if possible. Try to attend at least 1 of the 3 major sessions, either Asia, London, or New York session would be ideal. Then, simply go through the ones that are highlighted (flagged) and see if price has develop into something you were forecasting to do. Again, use tradingview's feature on drawing tools, Risk/Reward, object trees and more. You can simply hide them or bring them out on your charts at any time. Set your alerts, and dont need to continue checking your chart/broker every minute. This is how to prevent you to be an emotional trader. When your alerts are hit, then check your app/computer to see the charts. From your daily scanning, you need to have an open mindset. Even though you are looking at selling in this pair, but need to also understand that there is a probability that the price can move up. Therefore, what is your decision if price did not break down? Always have a open mind, so that you know when the price went to the opposite direction, you will know how to manage it. I then spent a little bit of time to discuss every traders are different, and its important to know what kind of trader you are in order to succeed in this industry. There is no right or wrong way to trade, its what work for your as a trader. What works for your mindset, perceptions and personality. Its important to let your "ego" go, no need to compare strategies or style with others. Dont need have the attitude of your trading style is the best, and others dont work...etc. ITs about understanding everyone will see the market differently, and sticking to a strategy continuously. Otherwise, if you jump back and forth, or indecisive on what is your criteria to enter, then trading becomes gambling. Since there is no pre-determine analysis or outlook, its just a simple guessing game. Put in the time and effort, and work hard towards your goal. Dont let the "social media" effect you as a trader. As always, have a positive, humble attitude, and willingness to learn and accept new things will ultimately give you the best result. Thank you
Education
by jojofang0901
20
EURUSD Trade Analysis, Review, Management, and Week aheadHello everyone: In this video I went over my recent trade on EURUSD short. What is my analysis behind it, and what is my management plan. I also explained what I see in EURUSD in the up coming weeks, what are some possible scenarios that we can expect from the market. In addition, I use this chance to talk about trading personality and style on trade management. As I exit this trade due to my trading plan and style, I explain my thought process behind it. I point out that I am happy to secure profits, and exit a trade, then look for more opportunities in later on price actions and structures development. Its important to know that every traders are different, and there is no right or wrong. Its what suits you as a trader. As always, feel free to ask me questions or comments. Thank you
Education
by jojofang0901
44
My Go To Setups/Entries in TradingHi everyone: Many traders have asked me to give a more in depth look into what a typical setup that I would be looking for, what are some possible entries that I will take. So I figure I will make an educational video and analysis breakdown on a few trades that fits my trading plan, risk management, and trading strategies/style. I will go over 3 setups/entries that I usually look for in the market. I will explain what I want to see from price action and structures before considering a possible entry. Entry #1: Double Top/Bottom -potential double top/bottom on the higher time frame -corrective structures forming to push price near the area -enter the breakout or reversal Entry #2: Continuation Correction -break of the higher time frame continuation correction structure -price formed lower time frame corrections -enter the reversal, breakout, or correction after breakout Entry #3: Top/Bottom of structure -price is at the top/bottom of the higher time frame structure -price form some sort of correctional structures within the larger structure -enter the breakout, or correction after breakout As always, feel free to ask me questions and comments. Thank you
BITSTAMP:XRPUSDEducation
by jojofang0901
7
Trading with convergence to increase your probabilityTaking a look at the price action on EURJPY currently, we have seen a potential selling opportunity setup. Why we like this setup is because it holds a few factors that all converge together. As traders the higher the amount of information we have to help make an informed decision the better. As you can see from the 15 Minute chart, we firstly have price move quite rapidly higher until it starts to run out of steam and show signs of price exhaustion, we can also see this through the creation of a bearish 3 drive pattern at the highs. This pattern is a good indicator for potential reversal when used in the right context. What increases the probability on this particular setup is that this exhaustion also occurs at the 126.00 big figure as this level could also hold larger pockets of order flow and help price to reject lower. As traders we don't know exactly how far price can move but what we can do is locate areas or levels on a chart that could cause a possible bounce or rejection in our favor. It's in these moves that we can look to potentially manage a trade profitably in the process.
Education
by DavidVillagra
Risk Management: How to Enter and set SL and TP for an Impulse Risk Management: How to Enter and set SL and TP for an impulse move in the market ? Hello everyone: Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market. I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries. 3 type of entries to capture an impulse move (not all of them will happen, but sometimes 1, all, or none) Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward) Breakout: Price break out of the continuation structure (Low Risk, Low Reward) Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward) Risk Management is important to your entries. -Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run. -15-20 trades per month -Minimum 3:1 RR on every trade -Risk 1-2% account per trade -Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management. Thank you
BITSTAMP:XRPUSDEducation
by jojofang0901
15
How to identify valid, high probability price action structuresHello everyone: In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market. I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves. Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be. The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry. Thank you Feel free to ask me questions and comments.
BITSTAMP:ETHUSDEducation
by jojofang0901
30
CAP AND HANDLE PRICE ACTION PATTERNThe Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The cup and handle pattern occurs in both small time frames , like a one-minute chart, and in large time frames , like daily, weekly, and monthly charts. It occurs when there is a price wave down, followed by a stabilizing period, followed by a rally of approximately equal size to the prior decline. It creates a U-shape , or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle. The handle may also take the form of a triangle. The handle needs to be smaller than the cup. The handle should not drop into the lower half of the cup , and ideally, it should stay in the upper third. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. A cup and handle chart may signal either a reversal pattern or a continuation pattern. A reversal pattern occurs when the price is in a long-term downtrend, then forms a cup and handle that reverses the trend and the price starts rising. A continuation pattern occurs during an uptrend; the price is rising, forms a cup and handle, and then continues rising. Entering a Cup and Handle Trade Wait for a handle to form. The handle often takes the form of a sideways or descending channel or a triangle. Buy when the price breaks above the top of the channel or triangle. When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise. While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed. Picking a Target or Profitable Exit Whatever the height of the cup is, add that height to the breakout point of the handle. That figure is the target. For example, if the cup forms between $100 and $99, and the breakout point is $100, the target is $101. Sometimes the left side of the cup is a different height than the right. Use the smaller height, and add it to the breakout point for a conservative target. Or use the larger height for an aggressive target. A Fibonacci extension indicator may also be used. Draw the extension tool from the cup low to the high on the right of the cup, and then connect it down to the handle low. The one-level, or 100%, represents a conservative price target, and 1.618, or 162%, is a very aggressive target. Therefore, targets can be placed between one and 1.618. If you're day trading and the target is not reached by the end of the day, close the position before the market closes for the day. A trailing stop-loss may also be used to get out of a position that moves close to the target but then starts to drop again. Setting a Stop-Loss A stop-loss order gets a trader out of a trade if the price drops, instead of rallying, after buying a breakout from the cup and handle formation. The stop-loss serves to control risk on the trade by selling the position if the price declines enough to invalidate the pattern Place a stop-loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop-loss might also be placed below the most recent swing low. Since the handle must occur within the upper half of the cup, a properly placed stop-loss should not end up in the lower half of the cup formation. If the stop-loss is below the half-way point of the cup, avoid the trade. Ideally, the stop-loss should be in the upper third of the cup pattern. By having the handle and stop-loss in the upper third (or upper half) of the cup, the stop-loss stays closer to the entry point, which helps improve the risk-reward ratio of the trade. The stop-loss represents the risk portion of the trade, while the target represents the reward portion. Considerations Traditionally, the cup has a pause, or stabilizing period, at the bottom of the cup, where the price moves sideways or forms a rounded bottom. It shows the price found a support level and couldn't drop below it. It helps improve the odds of the price moving higher after the breakout. A V-bottom, where the price drops and then sharply rallies may also form a cup. Some traders like these types of cups, while others avoid them. Those that like them see the V-bottom as a sharp reversal of the downtrend, which shows buyers stepped in aggressively on the right side of the pattern. Opponents of the V-bottom argue that the price didn't stabilize before bottoming, and therefore, the price may drop back to test that level. Ultimately, if the price breaks above the handle, it signals an upside move. If the trend is up, and the cup and handle forms in the middle of that trend, the buy signal has the added benefit of the overall trend. In this case, look for a strong trend heading into the cup and handle. For additional confirmation, look for the bottom of the cup to align with a longer-term support level, such as a rising ​trend-line or moving average. If the cup and handle forms after a downtrend, it could signal a reversal of the trend. To improve the odds of the pattern resulting in a real reversal, look for the downside price waves to get smaller heading into the cup and handle. The smaller down waves heading into the cup and handle provide evidence that selling is tapering off, which improves the odds of an upside move if the price breaks above the handle. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
FX:XAUUSDEducation
by TaherJalili
What is a Trading Plan? and what to include in there? Hello everyone: Here I make a video on my take on what a trading plan is, and how it will help you to become a better, consistent trader over time. I will include the general topic on what is in my current trading plan, and what works for me to include in them. The general topics I have in my trading plan: Personal Goals, Mindset, Changes Trading Checklist Trading Quotes to reflect on Trading Past experiences, mistakes, and lessons Trade Enter Criteria: Go-To-Setups Trade Management As always, feel free to ask me questions and comments. Thank you
BITSTAMP:BTCUSDEducation
by jojofang0901
33
Fast Market Moves And FOMO - Don't Get TrappedWhen the market moves strongly in a direction, you might feel the need to jump in and chase the trade because of the Fear Of Missing Out (FOMO). Don't do that. In fact, if you spend some time looking at the charts, you will find that often with such sharp fast market moves, the potential for a trade in the same direction as the fast move is over by the time people start reacting out of fear of missing out. This is when trades get squeezed and people lose money fast. When you listen to experienced traders talk about such fast moves, you will often hear comments like "Wow, XYZ has rocketed up, but it's too late to enter now, I'll rather wait for a good pull back and see if there is an opportunity to enter later". You might actually hear them say that the move has gone too far from the moving average (maybe the 9 EMA or even 20 EMA) and that it's more likely that it will cause a "rubber band" effect with the price action moving back closer to the average. The market may continue to rocket up or down, but let it go, don't chase that move, wait for your turn to get a good entry spot. This is true no matter what you trade, Forex, Crypto, Stocks or Commodities, they all exhibit this tendency to recover (often quickly) when the price has suddenly moved too far from the average price. New traders are often caught off-guard by this, and tend to jump into the trade exactly when others are exiting their positions, so don't give in to FOMO. The market will give you many trading opportunities during the day, be patient and don't trade out of fear or greed.
TVC:GOLDEducation
by EasyTradingSignals