Some Key Price Action concepts to know for Forex tradersIn the video I discuss some key price action concepts and how I use them for my Forex trading.
Knowing these key concepts helps me get on the right side of the market and in the right trading zones nice and early.
The basic concepts discussed are :
- Anchors to trend
- RTFs
- ICTs
- Spotting Reversals
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Tradethestructure
Trade Reversals Successfully - Key Price Action to look forIn the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but also very difficult.
I like to stick to a few key points when looking for reversals, and they are :-
- Trade off an extension into a key level
- Trade off a higher low (for buys) or lower high (for sells)
- M pattern for entry confirmation or a minor lower high
In the video I explain the reasoning and how risk is managed.
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Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed.
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Price action analysis on the Major Indexes...its not pretty!!I will go through the daily charts for major Indexes as they come under pressure.
Review the price action and major levels of the DOW, Nasdaq, DAX, FTSE and ASX200.
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Using Candle Wicks to refine your daytrading entriesIn the video I discuss the importance of 'Candle Wicks' in price action and how I use them to refine an entry.
I like to use the 1 minute chart for my entries and have certain criteria to trade with the trend (which I discuss in the video). When trying to trade with the predominant trend up/down, I look to trade retracements. One thing I look for is wicks into the EMAs and then a reversal of the previous candle.
I find these greatly help my timing for entries and can greatly reduce my risk.
I hope that you enjoy the video and are able to use in your own trading.
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How to identify a trend move using AnchorsIn the video I discuss the concept of Anchors in trading and how I use them in my own trading.
Anchors play a major part in identifying the prime areas to trade and also in risk management when in a trade. I will discuss my prime setups and trading areas using anchors and multi-timeframe analysis.
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Day Trading the Hang Seng IndexDay trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups.
I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade.
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Key Levels and US Market Review for the Asian session open 3/08US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an extended share market, we could see this move down gather some momentum especially if US employment does not come out positive on Friday.
Expecting a weak open in Asia with the ASX200 to open down 60 pts, the Nikkei to open down over 300 pts and Hang Seng to open down 130 pts.
Traders will be keeping an eye on coming employment data in the US Friday and whether the negative sentiment over the US credit downgrade gathers momentum.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
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Key Levels and US Market Review for the Asian session open 1/08US and European markets saw a relatively tame session to end the month. Major indexes remain buoyant and edge higher even as the USD gains and US Bond yields hold around long term highs. While traders focus on the end of a global interest rate rising cycle, share markets remain risk on. For me, the technical view remains positive for now with focus today on the RBA rate statement today in our local market and then it will shift to the US Key employment data at the end of the week.
Expecting a stronger open in Asia with the ASX200 to open up 25 pts, the Nikkei to open flat and Hang Seng to open up 210 pts.
Traders will be keeping an eye on coming employment data and rate Statements from the RBA today and BOE later in the week, for an updated outlook for Global interest rates and inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and US Market Review for the Asian session open 28/07US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of stocks. I expect that there was a lot of profit taken which may continue into the coming US session. I expect Europe will open weaker, especially the DAX, as it plays catchup with the US led selloff.
Expecting a weak open in Asia with the ASX200 to open up 40 pts, the Nikkei to open down 380 pts and Hang Seng to open down 320 pts.
Traders will be keeping an eye on coming economic data and the BOJ press conference today for some direction on Bond yields and in turn share markets.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 26/07US and European markets continue the grind higher as focus remains on coming earnings from big Tech in the US. Overall, major indexes are extended so I feel that it will not take much to prompt investors to unwind and take some profits. In saying that, the trend remains up in the near term so there is no reason to close positions at the moment. The USD has been pushing higher while Gold is under pressure and Copper rallies. The previous few sessions US bond yields have been moving up ahead of FOMC statement due out tomorrow night where rates are expecting to be lifted.
Expecting a mixed open in Asia with the ASX200 to open up 20 pts, the Nikkei to open flat and Hang Seng to open down 100 pts.
Traders will be keeping an eye on inflationary data (AUS CPI out today) and US Rate Statement from the Feds, for signs that inflation is still easing. Whether that translates into lessening pressure on the wallet and the cost of living, I expect will take some time to play out.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 24/07US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me, points to a potential risk off move as traders lock in some recent gains.
Expecting a stronger open in Asia with the ASX200 to open up 30 pts, the Nikkei to open up 330 pts and Hang Seng to open up 100 pts.
Traders will be keeping an eye on inflationary data (Aus CPI out tomorrow) for signs that inflation is still easing. Whether that translates into lessening pressure on the wallet and the cost of living, will take some time to play out.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
ASX200 Review...Where to from here?A look at the price action for the Australian ASX200 Index.
The recent price action has been very choppy and directionless leaving both bulls and bears scratching their heads. I expect that this uncertain theme will continue in the short term with the mid to longer term action largely range bound.
In the short term, I expect to see a swing lower and if recent price action is any indication, we will see the recent low taken out. This suggests a 4% move lower from current levels around 7260.
If we see the Global macro environment deteriorate, I expect to see share prices across the board come under pressure.
Learn this price action setup for the BIGGEST DAY TRADESI walk through the pre-market prep and the price action that led to a big move on the Nikkei Index.
Learning price action means understanding 'WHO' may be trapped and where they will start to feel the pain and be forced to act and potentially close positions....that is when we want to initial a position to take advantage of the move.
The Nikkei index was a great example of knowing when and where to trade which could have led to a big payouts.
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Bulls come out to play...Review of Daily charts for key IndexesWith US CPI pointing to inflation easing, bulls are pushing major Indexes higher with the love affair with Tech and the Nasdaq being the standout.
In the video I look at the major Indexes across the US, Europe and Asia on the daily timeframes and discuss the key levels and price action I see playing out.
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Daytrade Review on the Hang Seng IndexI small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day.
I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session.
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Key Levels and US Market Review for the Asian session open 13/07US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver found some strength while Copper also had a good night.
Expecting a stronger open in Asia with the ASX200 to open up 50 pts, the Nikkei to open up 130 pts and Hang Seng to open up 300/330 pts also.
The CPI release was key as it points to a potential end to interest rate rises and the end of the cycle. Now markets may start to focus on US earnings and then potentially a global contraction and rate cuts....but I would expect the coming months to be buoyant if CPI continues to show easing.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open12/07US markets had another rally ahead of the all important CPI data release prior to the US open. It seems that markets have dragged in bulls recently which sets up for an interesting market if the CPI figure comes out stronger than expected...meaning sticky inflation and further rate rises. US Bond yields held steady while the USD swung between gains and losses in a holding pattern prior to the data release.
Expecting a stronger open in Asia with the ASX200 to open up 30 pts, the Nikkei to open up 80 pts and Hang Seng to open up 90 pts also.
Traders are focused on the US CPI data release and what that means to inflation and rate rises. Hopes will be that we are at the end of the rate rise cycle which to me means a slowing global economy. Also on the cards will be coming US earnings.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 11/07US markets had a good start to the new week ending with some gains ahead of the all important CPI later in the week. All eyes will be on the data release for a gauge on inflation and what that will mean to further rate rises in the US. US bond yields moved lower while the USD also pushed down into support which is likely traders squaring up positions ahead of CPI. If the release comes out stronger than expected and inflation continues to show signs of being 'sticky' then expect more pressure into the stock market.
Expecting a stronger open in Asia with the ASX200 to open up 40 pts, the Nikkei to open up 140 pts and Hang Seng to open up 140 pts also.
Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy bringing about mixed reactions from traders. The Ponzi scheme that is the US debt ceiling may start to be of more concern if the economy slows and GDP contracts.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 5/07US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising will no doubt see margins increase and inflation go up). With the FOMC minutes out tonight, it will be interesting to see if there is an indication of a similar scenario in the US which will will point to a pause in rate hikes also.
Expecting a mixed open to the Asian session with the ASX200 to open flat, the Nikkei to open slightly lower along with the Hang Seng.
Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy bringing about mixed reactions from traders. The Ponzi scheme that is the US debt ceiling may start to be of more concern if GDP contracts and the global economy slows.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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Key Levels and US Market Review for the Asian session open 29/05European and US Indexes bounced into the weekend setting up for a strong open for the Asian session. Some debt ceiling optimism and stronger than expected economic data helped bulls squeeze out recent sellers for the drive higher. The data showed strength in inflation and the US consumer which points to a resilient economy...but it also points to sticky inflation and more interest rates rises to come.
Expecting a very strong open to the Asian session with the ASX200 set to open up 70 points, the Nikkei is very extended and is set to open up 650 points while the Hang Seng has some catch up to do and open up stronger off support.
I expect that there remains major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out but potentially later rather than sooner which will put more pressure on the economy.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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Key Levels and US Market Review for the Asian session open 26/05A handful of AI related Tech stocks supported the broader market in the US while the DOW continued to edge lower into a longer term support zone. US Debt ceiling talks took a step in the right direction albeit a very small one...I do not expect a deal until the last minute as US Politicians enjoy the limelight. The USD continued higher putting pressure on dollar denominated currencies and commodities while US Bond yields continued to re-adjust higher and factor in sticky inflation.
Expecting mixed open in Asian markets with the ASX200 expected to start flat while the Hang Seng expected to open down 180 points and the Nikkei to open up 180 points.
I expect that there is major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out but potentially later rather than sooner which will put more pressure on the economy.
KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 25/05A continued debt ceiling standoff pressured share market Indexes lower overnight as more traders were happy to lock in some gains. Indexes pushed down into support levels as traders went risk off. The UK inflationary numbers came out higher than expected pointing to more interest rate rises from the BOE. The US open was weak and bulls found no love from the FOMC statement which continued to re-iterate focus on coming data which will determine whether there are further rate rises or not. Bond markets continued to factor in higher interest rates in the pipeline as yields moved higher.
Expecting weaker open in Asian markets with the ASX200 expected to start down 30 points and the Hang Seng expected to open down 500 while the Nikkei to open mildly lower down 80 points.
I expect that there is major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out. But if the economy cools while inflation remains elevated, then it is difficult to cut rates to stimulate growth...we will see how things play out soon I suspect.
KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the free content then follow my profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **