GBPJPY Bearish Continuation Welcome back! Here's an analysis of this pair!
**GBPJPY - 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
Trendtrading
GBPUSD Analysis - Inverted Head & Shoulder Welcome back! Here's an analysis of this pair!
**GBPUSD - listen to video analysis.
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
Confirming Trends with the Lower Time Frames NZD/USD ExampleHey Guys!
As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long.
First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart.
In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry and began entering long trades.
These lower confirmation tactics play a huge role in my trading, and even if you don't trade with price action, it can be a great addition to your current strategy.
I hope it helps!
Have a great day guys!
Ken
GBPAUD SHORT TRADE IDEASBeen at a huge daily resistance area I believe we will se a pullback at the lest. Don't forget price overall is still in a bullish market on the higher time frames so make sure that risk reward is on point before entering anything. I will most probably wait for more confirmation if we see price push down wait for that second wave.
Live trading a $10K crypto accountHello traders!
Follow along as I trade a $10,000 paper trading account on TradingView.
I'll be using a trend following strategy to trade the long and short side of the crypto market.
These videos act as my trading journal allowing me to document my trade ideas so they can be analyzed and improved over time.
The strategy used here focuses on price action. It adopts a theory that anything happening in the market will be priced in and that all fundamental factors are already accounted for in the current market price .
The trades here will be medium to short term in nature hoping to capitalize on strong momentum in markets.
These are NOT long term buy and hold ideas.
My buy and hold / hodl trades will not be covered in these trading journal videos.
Today we will look at:
price consolidation in $BTC
$ETH flirting with a correction to 3K
$BNB holding above $500
$FTM, $LUNA, $MATIC could be great ways to play a bullish crypto market
$TRX, $LTC could be great ways to play a bearish crypto market
Until next time,
Happy trading!
Double Top Retracement ZoneIf you are a Double Top trader, you would know that it is not about the strategy but where it was formed.
One of the struggles that traders have is, "Where is the end of the Double Top Pattern?"
There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete.
Yeap, "Wait for it!!"
You can then look for a shorting opportunity when the market passes 61.8% retracement and does not close above the 100% mark, in short, previous high/ violating the previous high.
In this case, the first target would be the immediate low. I will exit the trade on the candle body and not at the lowest wick.
Leave some tips for the waiter right?
Another important filter I will need to have is an RSI Divergence.
This will be something I will be creating, 1) A Weekly Education Content and at the end of the trading Week, a meet the trader session and LIVE discussion on the topic of the week.
What do you think?
Five Minutes On A 5m Futures Strategy (5 Thirty-Four)In tonight's fall back, daylight savings edition of the Futures Outlook, I revisit briefly a trend trading futures strategy I've named the 5-Thirty-Four. The ingredients are a 5 minute candle and a 34p EMA. Add a dash of VWAP bands and you've got everything you need. Then I look at the ES channel that's been in place for the past month that gives us a potential extension this week to 4740.
Be sure to check the links below the idea for how you can learn the 5-34 strategy in a risk-free demo/paper account in the live stream TDG ProTrading Room.
Stay Green and Trade Like You Mean It!
$Bldr, Real time high probability trade for swing trading$Bldr, This stock is fundamentally strong and by volume we can see that there is interest form big players in the stock. Stock is trading at it's all time high and only potential we see in this stock is that the stock should rally up in price, worth putting this stock in your watchlist. Volume need to be highly considered as we enter the at any certain point we need to see relative volume to the price at execution (Volume Explains Demand). this stock can be traded in the daily, hourly
chart or any intraday time frames according to your trading style. also this stock can be traded at any potential price structure depending on the time frame.
Tips :
*Make use of exponential moving average of 5 & 10 period in the daily
*Add relative Strength (Benchmark S&P500)
*highly recommended for swing trading
It doesn't matter how you make your money.I'm responding to a few on how to survive and make some gains in wild markets (note the brutal disclaimer at the end).
The DJI has been pretty wild so, I use it as an example. Figures shown here are not my own. I only use the figures to explain why it doesn't matter how you make your profits. HFT's will do similar things, so why can you not?
Well, I show the value of the ATR on the 3 min time frame as a way of making an exploit. I have to say that this is mainly for day traders with a lot of 'bottle'. So in the most recent scenario, I show how 403 points could have been made shorting. I other scenarios there are slight gains and some losses. No trading strategy could ever guarantee 100% gains.
I show a technique for deciding on an entry point (long or short).
Exit points can be managed based on the RSI or trailing down and allowing price movement to stop you out.
Is this about luck? I don't think so. Luck is about rolling dice. This is a calculated logical strategy - so your not throwing money randomly in the market. The use of the ATR, RSI and retracement criteria at the start of the trend change means no die are being rolled here. This methodology is about readiness and positioning.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
July Rotation into NZDCHF End of the month is here. Time to reshuffle out of trades that may have exhausted its momentum and go into trades that are looking better for the month. in this video I attempt to analyze NZDCHF and present to you the reasons why NZDCHF if one of my pics for July trading above the other possible pairs available to trade
DXY - Head & Shoulders Entry in Bullish Flag Pattern Hey guys, bigger picture here on the DXY we have just violated an inside level of structure which allows me to make the prediction that price is likely to continue higher to our next higher level of previous structure resistance. Recently we've seen a little relief in the market in the form of a bullish flag pattern.
Currently at the lower end of this flag pattern we're forming a head & shoulders bottom pattern which can be used as a setup in it's own right or as an entry reason into the bigger flag pattern setup.
Your Trading Coach - Akil
EURJPY - Bullish Breakout Opportunity The EURJPY has recently broken out of both a period of consolidation as well as a previous level of resistance & I'm now looking for a bullish continuation up to the 132.50's level. After the initial break I'd hope to see some relief in price in a form of a pullback back into the level of structure that was just broken & that's where I'll be looking for my entry for a potential move higher.
Originally I was looking for the 132.60's level which is a power level of past structure but seeing how a 1.618 fibonacci extension rests right below that level I see that has the safer area.
Question or comments, please leave them below and I hope you guys enjoy!
Akil
GBP/USD - LONG the GBP is at a +7.6 and the USD is a -4.4 - we have been waiting for a break of its monthly zone for quite some tine and we might finally see that in the next few days, we will be waiting for a break and minor exhaustion on a lower timeframe to look for price action and entry confirmation at previous high before placing our trade to the upside to our next weekly zone
WEEKLY ANALYSIS FOR 11/1/2020THIS WEEK IS ELECTION WEEK!!! 1) Go Vote and 2) we should see some interesting movement with the US Dollar. Ideally I would like it to continue to the up side since a Daily high was broken and I have a nice setup on EU, but it also does have the potential to get weak so I will wait until I have confirmation. The Yen didn't break the high I was looking at last week but it did come down and retest the 4H W and is chillin in that area so we shall see what happens this week. Bank Holiday tomorrow so I don't expect to see any real movement until Tuesday or Wednesday. With that being said, ideally I would like it to continue to the upside but if the US Dollar continues to get bullish, we might see some consolidation on UJ. Gold and SPX are showing some bearish vibes so I'll continue to look for selling opportunities this week post election cause honestly, I'm really not sure how it is going to effect those two. Let me know if y'all seeing what I am seeing. Have a great week of trading!!