EUR/JPY Long, NZD/USD Short and NATGAS/USD ShortEUR/JPY Long
• If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price pushes up to and ideally just above our preferred area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price corrects and a larger three touch one hour flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Trading-forex
NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦
NZDCAD is testing a key daily structure support.
The price already formed a doji candle on that, confirming a local weakness of sellers.
To buy the pair with a confirmation,
I would suggest waiting for a breakout of a neckline of a cup and handle pattern on 4H time frame.
4H candle close above 0.806 will confirm the violation.
A bullish continuation will be expected to 0.809 / 0.811 levels.
If the price sets a new lower low, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
AUD/NZD Short (No video this morning due to ill health.)AUD/NZD Short (No video this morning due to ill health.)
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Short (No video this morning due to ill health.)NZD/USD Short (No video this morning due to ill health.)
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it.
• If price only pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short (No video this morning due to ill health.)NZD/USD Short (No video this morning due to ill health.)
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it.
• If price only pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short and USD/CAD LongAUD/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CAD Long
• If price corrects and a larger three touch one hour flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short, NZD/JPY Short and AUD/NZD ShortGBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/JPY Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EU contrary to USD move, likely moving up
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Trade Recap... +3.67% Banked On NZD/JPYSo I don't have any pairs on watch today, because the pairs that I have in my Top 6 and in my Wildcards list look like they need a tiny bit more development. However I did place a trade on NZD/JPY yesterday which I banked +3.67% on, so a moment ago I made a little trade recap video which pretty much explains my entire thought process before and during the trade which I think will provide you with a lot of value.
AUD/CAD Short, GBP/USD Long, NZD/JPY Short and CAD/CHF LongAUD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Long
• If price impulses up, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/CHF Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Mechanical Consistency; Gold (XAUUSD) Trade Review for 04 AugHi, This is a trade review for 02 Aug 2023.
Here are some details for the trades.
OANDA:XAUUSD
1-hour time frame
2% per trade
Thursday No Trade - Range Market.
Friday 3 lose 1 partial win.
On Thursday, the market was in range bound market, no trade got triggered, quiet and peaceful trading day.
On Friday, we encountered a series of unfortunate trades following the US's Non-Farm Payroll Data. The price became super volatile, which mean the spread got even wider, triggering and hitting stop loss for the first 3 trades. Luckily the price is able to hold and trigger a winning trade, recovering some losses.
After reviewing my trades I've decided to add some improvements to myself: Avoid trading Non-Farm Payroll.
Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you!
On Wednesday, we came close to securing a successful winning trade. The price exhibited a retracement to the 50% Fibonacci level before initiating a downward movement, resulting in the establishment of a new lower low. As of now, my second trade has been triggered and is actively in progress.
As a full-time working individual, I do not have the time to constantly monitor the charts and look for the "perfect" trading opportunity. This is why I adopt the mechanical trading strategy to earn extra money.
This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 21 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades.
If you want to learn my strategy, please visit my blogging site, link in BIO. Thank you!
Learn The 5 Possible Outcomes Of Your Trades
Hey traders,
Depending on your actions, you can get 5 completely different results
taking just one single trade.
1️⃣The first outcome is a small win.
By a small win, I mean a winning trade producing up to 2.5% account growth.
2️⃣The opposite situation leads to a small loss.
To me, a small loss is a losing trade producing up to -1% account decline.
3️⃣Occasionally once the price starts moving in the predicted direction, one can protect his trading position moving his stop to entry and making a position risk-free.
Being stopped out such a trade produces 0% profit. The level where the position is closed is called a breakeven point.
4️⃣If one perfectly predicts a future direction of the market and opens a trading position accordingly, occasionally, a huge profit can be made.
5️⃣Being wrong in the predictions, however, one can adjust and trail a stop loss not letting himself be stopped out. Such behavior may lead to a substantial loss or even a margin call.
❗️Learning how to trade, I strongly recommend you eliminate the 5th outcome. Managing not to lose more than 1% of your account will substantially improve your trading.
Let me know, traders, what do you want to learn in the next educational post?