USDJPY pull back go on long still on the table Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Long on pullbacks should be still the theme,jpy is weak.
Long on other jpy crosses can take a look at well.
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Stbb
GbpAud could likely pullback for longHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Pulling back for long ,could target 1.94 ,but do expect it to be choppy judging at its recent PA.
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EU potentially cleared its downtrendline..to move higher?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
High potential to move higher.let's see.
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Usd losing its steam...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Chart for the USD on the higher timeframe looks to have turned to the downside. H4 continued to make lower lows. If the inverted h&s didnt form out on USD, likely we could be seeing more downside for USD.
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Potential weakness for EURGBPHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could see price heading down, but do now 0.8500-10 is a key zone on the daily for EURGBP.
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UJ bias on long...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
As per last week's analysis and view i have, UJ went up and was bullish after CPI news
Hopefully your got some pip from there.
UJ should continue to remain bullish till at least 152?Let's see.
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Bias USD on Long side, therefore Eurusd bias to short itHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still pulling back to go on short for Eurusd. Recent data hasnt have much support for weaker USD. Also, coming week has not much high impact news, sentiment of USD should remain strong.
Do check out my stream video for the week to have more explanation in place.
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Usd retracement on Lower time frameHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for this pullback on USD to baseout and go on long. Last friday I had my first Tiktok live and shared on Long UJ. The rally was short lived after the news but was enough to get some profit.
Do check out my stream video for the week to have more explanation in place.
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Eurchf /Gbpchf a level to watchHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Eurchf,especially is at a key level on D1 to watch for turn, likewise for GbpChf.Just keep it in your watchlist first!
Do check out my stream video for the week to have more explanation in place.
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Usdjpy a healthy pullback should be goodHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias to watch for setups to go on long like what i did last week. Take note! :)
Do check out my stream video for the week to have more explanation in place.
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EurNzd likely more down side ,watch pullbacksHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for lower timeframe pullback to short.
Do check out my stream video for the week to have more explanation in place.
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USD getting some pullbacksHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD is on flag to correct lower before , i think, heading up higher.
Do check out my stream video for the week to have more explanation in place.
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Eurcad for a shortTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Cad seems to be pretty strong as compared to other majors (except USD)
Let's see if we do have oppo to short this pair. Same for AudCad
Do check out my stream video for the week to have more explanation in place.
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Disclaimers:
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GBPAUD (and EURAUD) Looking at more upside to comeTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Likely more upside to come,let's see!
Do check out my stream video for the week to have more explanation in place.
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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.
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Usd a likely breakout?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
We are looking at a potential break away from the almost half a month's long consolidation...I do have bias of it heading up since the prevailing short term trend is up. Let's see for the coming days!
Do check out my stream video for the week to have more explanation in place.
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[EDU] 3 quick tips when to cut your losses short in tradingHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
We all don't like or don't want to have a losing trade. But this is inevitable in trading, we have to face it. And, Letting your winning run and cutting your losers short has always been the mantra for profitable trading.
This is where I wanted to share 3 ways that you can go about doing this.
When market structure that you anticipated for the setup is violated.
So what it meant over here is that ,for example, you have a trade entered upon the crossover of a particular pair of EMA, e.g. 50 and 100. Once the crossover flips, you should look to exit the trade.
Or, when your pre-determined stop-loss is hit, and, you should never pull your stoploss. This is quite self-explanatory because the pulling of stoploss level can get you lucky a few times but making it a habit can have disastrous impact to your trading.
Thirdly, Negative price action. This happens when the price action has consistently moved against your trade, meaning to say that constantly you are in the red (losing money). This could be an indication for you to re-evaluate your setup and move on by cutting your losses small if need be. This is especially true if you have noticed that trades that you are in green often validate your entry almost immediately and have positive price actions.
Hope these pointers help you better evaluate the trades you are in and make the best decisions out of it!
Do check out my stream video for the week to have more explanation in place.
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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.
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[EDU] 4 Numbers You should Know so to be Profitable in FX Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Here are 4 numbers you should know so that you can become profitable in FX Trading:
*Check out the Formula in the Chart picture*
Position Size
Determine the appropriate position size based on your risk tolerance, account equity, and the distance to your stop-loss level.
Ensures that you are risking a consistent percentage of your trading capital on each trade.
Risk and Reward Ratio
Helps you assess the potential reward relative to the risk in a trade.
Margin Level
This Represents the ratio of account equity to used margin, expressed as a percentage.
It helps you assess the health of your trading account and whether you have sufficient margin to cover your positions.
Pip Value (in USD Terms)
Its represents the monetary value of a single pip movement in the currency pair.
Understanding the potential profit or loss in a trade and is dependent on the position size, pip increment, and exchange rate.
These calculations provide essential insights into risk management, trade analysis, and account performance.
Do check out my stream video for the week to have more explanation in place.
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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.
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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.
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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.
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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.
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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.
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[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!
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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.
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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!
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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.
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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!
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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.
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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!
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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.
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