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Shadowingthebigboys

Eurchf and Gchf bias to short Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking for shorts for both of these pairs, I have mentioned it towards the end of my last week's live stream. You can check it out. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
1
Usd still pretty much in that rangeHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Since USD is still in that range, just playing along with it using your mean reverting or swing trade strategies on USD majors such as EU or GU.. No trending move so far...it is what it is...just adapt :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
[EDU] Lossing How much is too Much? (Risk Management)Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. A picture speaks a 1000 words and that is so true! Recently I came across this picture from moo moo. It actually strike a chord with the message that I always wanted to bring across, which is the importance of risk management! Always keep in mind that having your trade size manageable such that is wont devastate your trading account is very important. So let's say you are trading between 1-2% risk per trade, if you are so unlucky to have 10 straight losses, you will be down with a drawdown of 10-20%, as shown in the picture you will need almost equal % of profit to get back your losses. But, what if you were to trade with 4 or 5% risk per trade? With that,10 straight losses will get you a drawdown of 40-50%! And as you can see the gains you need to recoup these losses will be 67 to 100%. It is not hard to imagine what will happen if you are risky 10 or 20% risk per trade. So anything can happen in trading and it is always wise to protect your downside! Trade Safe! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Education
by Shadowing_The_Big_Boys
Euraud a pullback to be supported and bounce?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for this pullback on lower timeframe to play out and hold , then look to long Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Potential turning on UJ h1?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Usd broke up and seems going back into range again?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD broke up nicely on wednesday but after that it seems consolidated after that, bias would be for me (as long as structure holds) to look for long on USD pair though. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYLong
by Shadowing_The_Big_Boys
USDJPY, yup yup went up n up, nice move after mid week!Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Did some pretty nice trade on UJ Long, bias still on the upside until unless something changes! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
2
Remember I mentioned about GbpAud last week, now what?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
Usd same old boring range....Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Nothing much changed as compared to the week before..just a quick update.. play the range, know the game. If you play the range for usd then know that it would not bring you big pips move since its a range. Manage your own risks :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
1
SNP likely flipping lower...looking for shorts on h1 etc...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Flipping on the index to the downside, correlating with the strengthening in USD?Let's see... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
FX:SPX500Short
by Shadowing_The_Big_Boys
UJ at a flip zoneHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at a potential double bottom to break to the upside, if that doesnt happen UJ likely gonna move lower ,waiting for h1 confirmation... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USD a potential inverted h&s on h4Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Seems like for USD, NFP has yet to make a decisive move, am still watching for breakout on the 1 hourly chart to decide my biasness but for now, slightly on the bull side but things can change. So let's watch the PA first. Watching Chfjpy too! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
Usdjpy looks to break further...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned in my previous 2 articles which you can find the link below, daily trend of UJ seems to be turning lower. though the japanese boj has yet to carry out much actions, chart is still showing bearish signal from daily to h1. bias still to short. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
EURUSD Some pullbacks could be seenHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. EU should have some retracement on its h4, h1 chart currently is still more to the downside...Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USD could be pulling some retracement,overall still bearish Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Still bearish on the higher timeframe for USD, though we could be possibly seeing some bounce off this key level on daily timeframe. This area is the low of the 2023.In fact as mentioned before 2023 for USD is back to full circle at its low of the range. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys
USDJPY did what it should do as Per my analysis,what next?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here's my evaluation of the pair and moving forward what is there to expect. But let's revisit what has happened over this week. If you have not yet seen my previous post of USDJPY , you maybe refer to link below or here >> Let's roll back on time on USDJPY to Monday, the start of the week. We see that it has been super bullish on Monday clearing the 145 and even 146.5 level that I have mentioned. First of all we don’t see any sign on turning even on the one hourly chart for UJ. Therefore, nothing for us to short on that day. The interesting part comes on Tues, where it seems like all the technicals aligned. You can refer back to the analysis post I mentioned last week. I mentoned about the downtrend line on the daily and H4. 146.5 area also coincide by the last support turned resistance I hightlighted. So, naturally here's the place for us to look for short, which we saw a breakout of the consolidation and it came lower. If you missed that, we do have opportunities to short 2 more times before the last strong move downwards on Thursday 3am Singapore time. And then, for the rest of Thurs to Fri, it has been consolidating. So, what to expect next? Like I have mentioned, if the BOJ has no sign of increasing its rate, tighten their monetary policy, very likely we would see the USDJPY to resume back its longer term uptrend moves. BUT if the BOJ indeed has some "actions" or hint to increase it rate and tighten, the likely the market will move further downwards. And that's probably why the USDJPY has consolidated right on its up trendline of the year since Jan 2023. Let's see how PA unfolds from here on! Happy Trading! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************
by Shadowing_The_Big_Boys
[EDU]Doing this will Massively improve your Trading!Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. DRC stands for Daily Report Card To be all transparent I adopted this from smb capital. Credits and Kudos to them. I used it and did some modifications to suit my purpose. So you can do the same to what I have over here and modify according to your requirements. The purpose of the daily report card is to help you keep track of your whole trading day. If you do have a day job or what not, you can adjust the DRC to be cater for a week or few days. It's up to the individuals. So, this Daily report card of mine basically looks something like this as shown above in the charting space. And let me give some details on each of this sections. Daily Analysis In this section, you should start off with how you have felt in the morning. Do you feel refreshed and pumped up, or grouchy as you have had not enough sleep? Or are you feeling miserable or unhappy over the big lost you had yesterday? You can put it down over here. Then continue on for how you would prepare your trading day by first analysing the market that you are trading on. Goal This will be link with the goals that you have set fore for yourself. Try to put a goal that you wanted to achieve by end of the week, month or quarter. This doesn’t necessarily be the big goal you have. It can be subset of the big goal you have. Some examples can be, to increase my position size from 1% to 2%. Or to be able to hold my trades longer, sticking to pre-defined exit strategies and improving my risk to reward ratio etc. This goals does not necessarily needs to be monetary. Reminders / general truth or principle You can put some reminders and principles for yourself here. You can start off with things like focus on your goals and not the PNL, focus on your trading as required and remove any distractions (e.g. social media). These are just some examples of the many and I will leave that for you to fill them up. What I learned/improved upon today? To this, you can write something that you find interesting or learn about the market. For example, if you are day trading, GBP could have a particular time that you have observed where it reverses it trend. OR it could just be that you come to realize some interesting trading setups using a particular indicator etc. Important trade, if any Over here, you should document down trades you find it important for your to remember or refer back to later on in the week or future. This can be trade that you have did well or a trade that you performed badly. Jot it down so that in the future you can revisit and learn from it again. Change need to be made from today? Here are some things that you felt that you should act on it immediately for example, if you lost yourself and be emotional on losses. Put it over here and evaluate what has happened and act upon it. Or you have entered a trade haphazardly ,in fear of FOMO etc. Overview Just a 1-2 sentence to sum up your day.Nothing in particular but jotting down your thoughts of the day. Finally take a look at the top left hand corner of the table I had for you. There is a X /5 which denotes the score you gave yourself on that day (if you are doing it on a daily basis). Over here, have your own scoring system to give yourself score and hold yourself accountable for it. You can do something like, giving a score of 1 for daily analysis section, 2 for goal and 1 or important trade etc. Just to evaluate how you have done for each of these section is a quick way. It's the year end and if you have yet to evaluate your trading performance and not sure how to go about starting, do check out the link i provided below for the post i have put up recently. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
NYSE:BRK.AEducation
by Shadowing_The_Big_Boys
1
[EDU]What has happened to USDJPY?More downside ?Here's my PlanHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. In short, here are some key takeaways from the news on Thursday from the BOJ: asia.nikkei.com - The JPY strengthened by over 5 yen against the dollar in response to comments by Bank of Japan Governor Kazuo Ueda hinting at a potential exit from the bank's negative interest rate policy . - BOJ Deputy Gov. Ryozo Himino's statement that exiting the negative-rate policy would have limited impact fueled speculation of a policy shift, contributing to yen appreciation. - Market briefly hit $141 then settled at $143. - The BOJ is set to hold its final policy meeting of the year on Dec. 18 and Dec. 19. Speculation grows about potential modifications to policy, including ending negative interest rates or adjusting the yield curve control policy. My thoughts: From the pointers above, it is obvious what has led to the sudden strong buying of the JPY (USDJPY goes down). Firstly, ever since Japan's stance on continuing the monetary easing in Japan as compared to other major countries it can be obvious from Chart that JPY has depreciated greatly. Now that there is hint of removing this easing, JPY spiked up sharply. From this event, we can also witness that how a 'few words' from key stakeholders in the Forex market can led to huge volatility in the Forex markets. If you have short positions, most likely you got profits, what if you are on LONG and without stoploss ? So, always manage your position, put stoploss! Moving forward: I feel this effect will be in play till BOJ's last meeting on 18-19 Dec. So from now till then, I would be looking to go short on USDJPY. Looking at the charts (refer to charts): Weekly = Potential double top forming Daily and H4 = Trendline broke with Lower Lows and Lower highs. On H4,I am watching the blue zone for turning points.,namely 145 and 146 levels. Are after 18-19Dec, let's see what speech will be delivered and plan our trade accordingly from there. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
[EDU]How to Evaluate your 2023 Trade Journal and performance?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them. So, without further ado, let's see what we should look at and take note of when we do our year end trading journal review (although this review,in a shorter format, be done on a weekly and monthly or quarterly basis) Before you start we should look at what goals have you setup yourself for. It can be 1 -3 big goals you have for the year 2023. E.g. Hit specific $ for your PNL or improve on your win rate % etc. Are there also minor goals that you have that you added along the way? Then we can move on to our journal. 1. 1st we can have a bird's eye view of things : Overall performance, some metrics that you should focus and look at,they are: P&L Win rate % Expectancy Profit factor Average R multiple Drawdown and max. drawdown Sharpe ratio Worst and Best trades 2. Looking deeper into things : a. Look through all the trades you have done, do you come by noticeable pattern such on the wins and the losses. E.g. it can be you took more number of losses on Monday Morning, or you tend to close off positions without a valid reason to exit etc. b. Filter through your trades to see what time or day you trade best, if any. c. Look at your top 5 to 10 most profitable and most losses trades. Evaluate them in terms of: > Why they end up as a loser/winner > Are they align with your assumptions such as best winners come from your A+ setups etc. > What are the things you did right for your best trades and what you did wrong for those losing trades. What you can improve on them or what you can continue doing things that went well. 3. Psychological resilience : This is important part of the journal as well where you reflect on your psychology throughout the year. You should have it documented somewhere and you can evaluate how well you have managed emotions such as stress, and maintained discipline during periods of drawdown or winning steaks. What you have and have not done and what can be done better. But of course, you should have done it over the course of the year and summarize out some findings along the way. 4. Learning and development : - Look back at the strategies you have on hands, which are your bread and butter setups and what new strategies or setups you have incorporated. - Are there any market insights you acquired over the year, this should come handy to improve your edge in trading. - Also do identify where are your further learning and development area that you can focus to improve your trading proficiency. Finally, here's what I would like to share in the next sharing. I will be sharing how you can proper set goals for yourself and track them then improve consistently as a trader!So, yup, stay tuned! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Education
by Shadowing_The_Big_Boys
USDCHF could be bottoming out on H4Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. The USDCHF if bottom out now, i could likely be testing the next downtrendline as shown on h4. For now it seems good to look for long on pullbacks. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
1
EURUSD still bearish it seems ?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. From daily chart we can observe that EUR is sitting on a Support zone, through h4 to h1 the chart is still bearish. So for me unless something changed, I will still go on short on EURUSD. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURNZD play the reversal if permitsHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bouncing around at the daily key level. watching for breakout of this consolidation to give me direction! My EUR index also indicated that it is at a key level to hold as a currency. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Usd , i am slightly bullish of it break higherHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Lookin at USD, right now it is at a key level on h4 to break up higher,Either it gonna break that R and go higher, which i am slightly leaning towards this since the trend is still up on h4 and h1. But if it fail or false break higher, it would be turning lower. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYLong
by Shadowing_The_Big_Boys