The dangers in listening to the newsI'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30.
A lot of news is late and people who create news items or blogs have their own biases, based on the information they have.
The news can be dangerous to trading as it can cause a trader to become apprehensive, doubtful and stay out of trade setups that may be quite sound for entry.
News can be depressing and cause a trader anxiety.
Some very important earthshaking news may be useful e.g. some major monetary policy change in Europe or America. But on the whole, listening to or reading news is fraught with problems.
I've found that I make better decisions when I approach the markets with a kind of fearlessness described by Mark Douglas . The fearless state of mind is not 'recklessness'. It is about calmly making decisions and accepting risks in a reasonable way, based on a tested strategy.
None of the above or the video is advice to traders.
Video
The Trend: EP9 -- Remaining SensibleHowdy Yall!
I know I've missed you guys for a bit now. I feel bad about that. I'm back! I shot this video this morning, having to give my hearts best to hold back my ABSOLUTE DISGUST! ... There are people in that chat giving out advice that will really break your portfolio. I'm not going to stoop to dropping names. I think you guys will see the goodies from the badies. Its awful when the chat collapses to that level. I don't like it.
Enough of that. Lets talk about some BTC. Lets talk about the MACRO picture. Lets talk about The Trend, and talk about what way the market is flowing. Then lets flow with the market, and not flow with the sentiment of the crowd.
I love ya'll!
MJX; 2018 the year of legal weed!Im biased, I smoke the good kush every day, so it is only logical for me to be long good kush and those who can provide it.
a new etf was converted from latin american RE to 'alternative agroscience' (LARE became MJX) and it is already looking like it could be going parabolic to me.
Most of their holdings ( portfolios.morningstar.com ) are in canada so it isnt like AG Sessions can do much about the weed boom across the border.
gl hf and if u make a bag be sure to buy an oz of OG kush on me :)
manage your risk
much love
xoxo
sn00p
The Trend: EP1 -- Chart 1Howdy!!
This chart is from the new series The Trend and is taken straight from the end of the video.
Click on the share button and choose "Make it mine".
I'd love to see you "Make it mine" and show me what type of trade you want to do, or show me what you think is going to happen.
I look forward to your comments!
Make some money yall!
Get ready for a trip to the STRATosphere!So here we have STRAT and it looks ready for a move to the upside after creating an accumulation base that should project us to our first target of .0016 with much more upside to be expected.
Further updates and in depth charts will be posted for our Apex paid members including new coins that are about to move to the upside.
Currently we have a sale for the Apex Yearly membership to celebrate the New Year!
Sale ends in 3 hours so hurry and click below to join:
www.theapexgroup.co
-YOUTUBE VIDEO-No reason to sell yet.Wait for your sell signals!Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time
youtu.be
Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the pros!!!'
Remember the best traders have a process and a system. In this video you will see the idea of systematic trading from the ground up.
A lot of the concepts seen on the 5 minute chart review came from my video i did on "How to trade $AMD on the 5 minute chart". It was a great video with an outstanding strategy and I highly recommend watching :)
I hope you enjoy this and find this helpful :)
Please if you have questions or comments POST THEM!!!!!!!!!!!
Potential Deep Gatley on GBPUSD (Weekly Preview)I just put out my weekly review and preview video breaking down a few upcoming opportunities like the one here on the GBPUSD. You have a potential Deep Gartley pattern that will complete at 1.2323. The awesome thing about this setup is the risk reward. Since it completes so high, if you a better than 2:1 reward to risk ratio to target 1. Minimum stops need to be above the X leg, and your standard target 1 is at the 38.2 with target 2 at the 61.8 retracement.
As always, follow your rules and trading plan.
Those who are interested, here is the link to the video: youtu.be
Good luck and good trading.
Morning Routine & AnalysisI just put out a video showing my analysis of my entire FX trading portfolio. It illustrates, how you can manage and swing trade a 6 pair portfolio while only needing to spend an hour or so on the computer doing analysis. Here is the link to the video. youtu.be
In the Video i also break down this potential setup on the GBPUSD. We have a bearish cypher pattern that will complete around 1.2278. Stops need to be above the X-leg and target 1 will be 1.22056 and target 2 1.21592. As always follow your rules for trading this pattern, if you trade them.
Good luck and good Trading.
Bullish Gartley UsdJpy w/ Video BreakdownThere is a potential bullish Gartley pattern on the UsdJpy that is setting up. This Gartley will complete @ 102.976. I just put out a video breaking down this potential trade setup, along with a structure trade that I entered into last night on the NzdUsd.
As for the Gartley, minimum stops need to be below the X-Leg at 102.809 and targets are at the 38.2 (103.598) and 61.8 (103.994) retracements.
Here is the link for the video: youtu.be
Good Luck and Good Trading!
Simple Yet Effective!My first successful trading strategy was a simple trend continuation strategy. Wait for a pullback after a new structure high or low, then enter when price has entered into the potential reversal zone. Its a great example of how "simplicity is the ultimate sophistication." Here you have excellent risk to reward, and (according to my back testing) a setup that has about a 60% win rate. That is a recipe for success!
I also just put out my "weekly forex preview" video on my you tube page for anyone that would like to see more trading ideas like this. Thank you.
Good luck and good trading. youtu.be
Weekly Forex Preview - Will The Dollar Continue To Rally?I just put out a weekly preview on my you tube page. In the video I cover a few pairs and breakdown how you can potentially take advantage of the market (particularly dollar pairs) both bullish and bearish. Here on the UsdCad we have a nice kill zone between 1.3020 - 1.3067. You have fib confluence, potential AB=CD completion along with a Gartley pattern. Now I have no idea if the market will reverse in this zone, but I will definitely be keeping my eye on it throughout the week. If you want to see more ideas like this one I am showing here, go check out my weekly forex preview.
Good Luck and Good Trading!
2618 Alternate Entry for bigger move to the downside! w/videoI just put out a video on my you tube channel breaking down a trade that I entered on the NZDUSD yesterday. I entered yesterday on the recent double top that was just put in, but if you missed it I show how you can use a 2618 for entry. That way you can get involved and still look for a bigger move to the downside. Check out the video, and if you like it please share, like and subscribe. That way you will know when I put videos like this out, because I plan on doing this a couple times a week. Good luck and good trading.
EURNZD / 1HR / POTENTIAL BAT PATTERN + (WEEKLY VIDEO)VIDEO: www.youtube.com
POTENTIAL BAT PATTERN
PAIR: EUR/NZD
TIME-FRAME: 1HR
TRADE: POTENTIAL BAT PATTERN
Can we get a back to back Bat Pattern?
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
NZDJPY / 4HR / POTENTIAL CYPHER PATTERN + (VIDEO)VIDEO: www.youtube.com
CYPHER PATTERN
PAIR: NZD/JPY
TIME-FRAME: 4HR
TRADE: CYPHER PATTERN
What a week of trading it has been! Here is a potential
Cypher Pattern on the NZD/JPY for next week.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
GBPJPY:Gartley, Bat or Butterfly w/ video on Rising WedgesAs you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already
“A Trading Book Must Own & Trading Simple Patterns” www.youtube.com
Today I have a handful of advanced patterns on the radar including a bear gartley, bull bat, and a bull butterfly. I’m not too big on butterfly patterns so I’ll be ignoring that one but it’s there.
Aside from that, I just got short the AUDCAD from last night’s Syndicate video which is now featuring another rising wedge pattern inside of our ab=cd/2618 trade and I’ve got my eyes glued to EURUSD, GBPUSD & NZDUSD from some trading opportunities.
Yesterday was a no trade day for me, but hopefully I’ll get some valid signals today and end the week with a bang!
Akil Stokes
Chief Currency Analysis at Trade Empowered
Click Here for 20+ hours of FREE Training
tradeempowered.com
Click the link below to subscribe for more FOREX TRADING videos
www.youtube.com
Facebook: www.facebook.com
Twitter: twitter.com
EURUSD / 4HR / STRUCTURE SHORT + (NEW VIDEO)VIDEO: www.youtube.com
Hello and good morning traders. Looking at taking a short
on the EUR/USD 4 hour time frame.
Stops and Targets are in place and following our trading
plan with our trades.
Please watch the above video for analysis.
Star Prosper
Philip Stewart
AUDUSD / 4HR / STRUCTURE SHORT + (VIDEO)VIDEO: www.youtube.com
Hello and good morning traders, hope everyone is having
a great morning and getting ready for a big day trading.
Looking at the AUD/USD pair on the 4 hour time frame, we're
trading a bearish trend continuation trade to the downside and
with strong USD figures coming through, we're looking to line
up with a good entry point around this area.
Targets and stops are set in place, but we can look for more
potential downside after the 127% extension as we go ahead
to manage this structure trade.
Star Prosper
Philip Stewart