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Trendtrading

EURCHF 4 Hr. Short Opportunity! + Trading PlanWelcome back! Let me know your thoughts in the comments! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
12
Oil forming a new uptrend? Hi, and thanks for stopping past for Monday's video update. Today's focus is USOUSD (oil). We are looking at oil on its current daily chart and asking if we are seeing the start of a new uptrend. We all saw last Friday's fireworks and the effect they had on the USD and risk markets. Oil acted no differently at the start moving 1.98% lower, but this was short-lived, and buyers came back into the market, cutting losses and closing at a very small gain. This was a good sign to us as we had been watching the last leg higher from $870.50 - $95.75, which broke out of the downtrend. The previous two days of trade last week continue to paint a bullish picture for oil as we have now seen a retracement and a new HL. Today's price action so far has continued to catch our attention, as it looks like buyers are trying to get a new move going. From here, we would like to see a break of Friday's high and a new move back to test resistance at $95.80 - $96. A break of those resistance points could start suggesting that we have a new short-term uptrend underway. If we see a new move lower that closes below last Friday’s low, this would be a worry that seller numbers are still very high. A new move below $90 would most likely cancel out bullish momentum in the short term. We would like to hear from you. Don’t agree or have something else to add? Please feel free to comment. Good trading.
EIGHTCAP:USOUSDLong
by Eightcap
AUDNZD BREAKOUT and How to Trade It NOW!Welcome back! Let me know your thoughts in the comments! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
3
CADCHF SHORT-TERM SHORT OPPORTUNITYWelcome back! Let me know your thoughts in the comments! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
6
Specific Trendline to Determine the Direction of any MarketHow to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index. You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities. I am going to introduce the primary and secondary trendlines, I hope after this tutorial, it will bring greater clarity in how you can deploy them. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. This method I just shared, it can be applied to any market and any timeframe, be it the minute chart or the weekly chart. Micro E-Mini Nasdaq 0.25 = US$0.50 1.00 = US$2
CME_MINI:MNQ1!Education
by konhow
11
CADJPY Off to the Moon! LONG!Welcome back! Let me know your thoughts in the comments! **CADJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
3
EURGBP New rising trend line +80 Pips Welcome back! Let me know your thoughts in the comments! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
CADCHF - Landing at support +100 pipsWelcome back! Let me know your thoughts in the comments! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4
AUDCAD Potential Bearish ContinuationWelcome back! Let me know your thoughts in the comments! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
10:1 EUR/GBP Trend Developing***Not Financial Advice*** The EUR/GBP has rotated off of the lowest major framework box in its range signaling that we are headed toward the opposite side of the range, or 1000 pips away at minimum. See EUR/USD for a preview of what this market could do. With the EURO Rate Decision set for Wednesday this week, this could be a high impact event that catalyzes price to start trending. With many factors lining up in our favor, and the wind to our back, this is a trade setup where you can consider placing a heavier position than normal. Multiple trade factors coalescing into a singular conclusion is like being dealt pocket kings. There is still some risk that you're wrong about the trade, but you have the option to be more aggressive in how you play them (read: consider lotting up). May the odds be ever in your favor ***Not Financial Advice***
Long
by AuracleatFungii
7/7/2022 In Review; Mistakes Made, Double Tops, and Bear TrapsJust reviewing today. I'll post a better analysis tomorrow morning when I see what the market does overnight. That being said, I mention how I slightly deviated from my risk management plan and stuck out a trade late in the day today (short 3893) past what I normally would. It appears I'll be able to remedy the mistake or at least correct it for a small loss instead of a larger one, but I can absolutely say that was uncharacteristic of me and I feel like I traded today in some fashion like I did when I started trading years ago. However, it is always a good reminder when you get frustrated or start trading off of "feelings" and not your trading strategy, that you should walk away. I then explain how the consistent fluctuation of the longer timeframe trends is abnormal, and that I reviewed when the last time I'd had the 4-Hour and 6-Hour trends reverse this often. The answer is a VERY classic double top that occurred during the first half of February. Of the 16 6-Hour Trend signals I've gotten all year, 3 of them have been in the past few days. Likewise, there has only been 22 4-Hour Trend Indicators in the entire year, and 3 of those have also been in the last few days. Lastly I show have you can use indicators, such as RSI or MFI, to spot Bear Traps by seeing Bearish Divergence, if you're interested. It shows how you can get faked out by an uptrend that might actually be a bear trap that will send you lower. Extremely low volume, classic bearish market patterns, price rally with overall bad economic news... My sentiment, you guessed it, continues to be bearish.
CME_MINI:ES1!Short
by SemperTrader
Trends, Triangles, and a Pending Price BattleTrends had some minor changes from the overnight movement. I explained that there is an upcoming Bull / Bear Battleground taking shape. Price is coming under pressure and ultimately something is going to give. I still give a 60/40 bearish sentiment, but again, I trade off of the mathematical equation of trends, and NOT off my opinion. Today I go over the trends and then I explain Right Angle Triangles and show to two major converging triangles (or perhaps one of them is a false triangle and doesn't exist?!?!) or, on a more fundamental level, the psychological aspect of human behavior in the market place and two price directions meeting together. In reviewing my own video, just to put some clarification... usually I feel the price has to move into an Apex. If the downsloping triangle wins this price action, I see the price movement going to at least the previous lows, although that could stay the base of that triangle and it doesn't HAVE to go even lower. It is possible that upsloping triangle is a false triangle and is just being spotted because it is part of the downsloping triangle. This is why I always caution on using anything to predict the market, you never get to fully know what was real, and what wasn't, until after the fact. Hope you enjoy! Remember your Risk Management Plan is the most important part of your trading strategy. If you've been finding my assessments helpful, it would be great to hear some feedback in any way. I enjoy doing these because it makes me really pay attention early in the day so I don't get sloppy in my analysis as I go into my trading day. As always, this is not official financial or investment advice, and all liability is on you for your investment decisions.
CME_MINI:ES1!Short
by SemperTrader
AUDCAD Levels to Watch! SHORT Welcome back! Here's an analysis of this pair! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
Trends, Economics, and why we will get to 3500ishReal quick, I didn't want to record the whole thing again, but I skipped part of the math equation because I was doing it in my head so I thought I'd explain the math on why 3500ish... Top 4805, Bottom from pandemic lows 2175 4805 - 2175 = 2630 2630 / 2 = 1315 (the part I forgot to explain on how I got around 1300) 2175 + 1315 = 3510 Once we bottom at 3510ish, I think the market might settle down. As stated, I don't see us expanding back up to 4805 this year, or anywhere close to that. I think the economy, and the market with it, deals with the recession next year, and we work our way out of the trough. We then get a period of a few years of expansion, and make our way back up to 4805 properly. But... what do I know? Haha. Just explaining why we are where we are, where we are going, and why I think we will be taking such a route to get there. Hope you enjoyed the video! As always, your risk management plan is the greatest part of your trading plan! This is not official financial or investment advice. All liability for trading falls on the investor.
CME_MINI:ES1!
by SemperTrader
Trends Going into Next Week and Breakdown of Trades done TodayMuch of the same trendlines. The 6-Hour Downtrend has shown it is a clear reversal signal at this point. So I'd just keep taking profit on downward movements to 3770 from the 3832-3815 range. I explain I wouldn't really be bounce trading these, like I did between the previous 6-Hour Uptrend of 3892 and 12-Hour Uptrend Reversal Signal of 3927. The reason is because behind that 12-Hour reversal signal is the Daily and Weekly Downtrends. Supporting an upward movement below the 6-Hour Downtrend Reversal Signal is... nothing. This is why in spite of some upward movement at the end of the day, I am still slightly more bearish in my opinion, although as I explain in the video, I'm more or less 60/40 in my split, so I'm relatively neutral at this point. While the US Market is closed on the 4th of July, Futures are a globally traded commodity, so they will likely have some movement during the off day. I believe they close at 13:00 EST though. I may watch briefly in the morning, but otherwise I have plans. There are some Fed Meeting Minutes to be posted on Wednesday at 14:00 EST. So, I'd expect some potential volatility that day. It shouldn't be anything new though, as it is just the in-depth meeting minutes of the earlier announcement from 2 weeks ago. Thursday at 08:30 EST of next week is the Jobless Claim and Friday 08:30 EST the unemployment rate comes out, that's probably the most important data coming out in terms of major economic news that would affect the S&P next week. Jerome Powell has repeatedly said he wants the labor force to cool and basically unemployment to go up so that wage growth can simmer down, so look for those numbers to have an impact. Lastly, in looking through the news of the day, I'm a bit surprised to see that overall gain, as a majority of major investment companies all cut their expectations for GDP growth this year today. The reduction in GDP with a higher unemployment and high inflation is what causes recessions. Trade Safely, and remember the most important part of your trading strategy is to stick to your Risk Management Plan. As always, this is not official financial or investment advice, all liability in trading the market rests solely on yourself. Best of luck next week, enjoy the Holiday weekend.
CME_MINI:ES1!
by SemperTrader
Trend Patterns Going into 7/1/2022Greetings. So I tried a video today, didn't feel much like typing. If you don't feel like watching it, than just briefly, all of the patterns are sitting at the same as before. I briefly mentioned the 15m trend just for guidance yesterday, that already flipped itself twice. So yeah, usually anything 15m and below is better used as a reversal entry point than a continuation of trend. I also really briefly touched on right angle triangles, but realize I use them for guidance, not as trading indicators. Also, to point out, my bars are not green for up and red for down in the video. Hollow bars are up, and solid bars are down, because my bars are color coded by trend, green for an uptrend, yellow for neutral, and red for downtrend (with bright green and bright red as "strong trend readings".) Uptrends; 1-Hour / 30m - 3815 12-Hour - 3927 Downtrends; 2-Hour - 3832 3-Hour - 3824 4-Hour - 3812 6-Hour - 3770 And just for reference, the big downtrends of the Daily and Weekly started here Daily - 4249 - Started on April 22nd Weekly - 4340 - Started on the week of February 14th In terms of Economic Data today, there is some manufacturing data, but I'm not sure that will really do much for the market. The PCE came in yesterday, as I said before, .1 better both in month of month and year over year than expected, but that is still really awful. To put it in context, Month over Month PCE (which gauges inflation) stayed the same, and year over year, it was still 4.7%. That is some awfully high numbers, even if better than expected. Also, personal spending was down .2% lower than expected to .2%. Jobless claims was really relatively the same, with 3000 more people filing unemployment than the previous report, but when you're talking about 230,000, I'm not sure that is the "cooling off" the Fed wants to see. All that, meaning most likely the Fed is hiking 75 bps in July, which is already priced into the market. Overall still a bearish perspective from me, although we could just go sideways if the 6-Hour trend can't start closing below 3770. For me to safely see any bullish momentum, I want to see it get up past 3832, because that 2-Hour Trend is pretty damn strong at this point. I would trade in short at 3813 if the chance arrives (it may not), setting that stop at 3833, looking to take profit at 3770 if it appears to be fizzling out, and if not look for it to fizzle at around 3740 when that 30m downtrend would appear. If that chance doesn't happen, I'd look to go short below 3770 with a small stop just above and look to take profit at 3750 if it starts to fizzle. As always, your best trading strategy is your risk management plan. If you don't have that set in stone and typed out, DO IT. And then print it out, laminate it, and put it next to your trading workstation and read it every morning. As always, this is not official trading or financial advice, and all liability for trading is on you and you alone. Safe trading fellow traders
CME_MINI:ES1!Short
by SemperTrader
OVERALL PROJECTION FOR THE 1ST FULL WEEK OF JUNE!!!!!!!!!!!!!!!!Overall bullish on dollar! Bearish on all other pairs!! Looking to get a slight pullback/retest, then continuation!!! YEAH SMALL TAKE INTO THE WEEK, LETS SEE WHAT WE GET! GANG. HAPPY TRADING. ** IN NO WAY, SHAPE, OR FORM AM I TELLING YOU TO TAKE THESE TRADES!! THIS IS SIMPLY SOME MARK UPS I WANTED TO POST SO KISS MY TRADING ASS AND DO YOUR DUE DILIGENCE!! THANK YOU** FOLLOW MY YOUTUBE CHANNEL 'DIVINITY UNLEASHED' ILL BE RELEASING NEW CONTENT AT THE END OF THIS WEEK ABOUT MY CURRENT JOURNEY AND WHAT IM WORKING TOWARDS WITH FOREX!!! MUSIC BY ME! ALL PLATFORMS!
0
by FPXchange
Trade with the trend!Even if you might be new to trading or day trading you'll probably be familiar with the phrase "stay with the trend" or "the trend is your friend", well this blog post and supported video is all about that and how we are looking to trade the DAX during the London session. The trend is your friend and trading with the trend will generally provide you with the easiest profits, and the smallest losses, as long as you base your trading strategy around this process. We hope this short video helps you with your trading today! Have yourself a fantastic trading day and all the best!
OANDA:DE30EUREducation
by PrimedGroup