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MAJOR breakdown of USDJPY before market open, ENJOY (:Here is a major breakdown of USD/JPYu before the market open. It is 10:08 am on a Sunday here in Fort Worth, TX.
Top Down Analysis is the key to my trading so providing you ladies and gentleme an insight in what I see with my favorite pair.
I have not traded this pair as much since January 2nd, mostly because of the flash crash, but I am starting to see this pair correct itself and make moves especially with the open of the new month.
Hope you all enjoy and make sure to follow my Instagram for more breakdowns and insights to my technicals and my everyday life (:
IG: @issdrake
TRADING PSYCHOLOGY MIND HACK - IMPROVE YOUR PATIENCE / VIDEOHey TV,
In this video I cover an easy to apply mind hack that will help you STOP exiting your trades too early. You know, those trades where you think it's gonna run against you so you bail out only to see it head to your target later on!
As always likes and comments are appreciated. Stay safe out there :)
P.S. Please check out my other educational videos linked below.
Bitcoin Breaks out of the Bear Channel on Weak volume. Small move up on Minor bull volume, higher than yesterday but limited follow up so far, Another day ranging in the low $3k's as the Daily RSI is peeking its head above 30. The MACD is rising with a little higher histogram profile. Remember when #bitcoin ranges #alts can move
TRADE TRIGGERS - WHAT ARE THEY? / VIDEO / 10 MINUTES LONGHey TradingView -
In this video I cover the concept of trade triggers and what actually gets us into the markets. Specifically I try to illustrate the point that I keep making over and over:
>> GOOD TRADERS WILL SPOT THE SAME TRADE AROUND THE SAME AREA. WHERE THEY EXACTLY GET IN AND WHY WILL BE DIFFERENT <<
So I will show you a little bit of what I use to read the charts when it comes to picking an entry, as well as go over how you might use some of the more popular indicators to do the same - EMAs and Bollinger Bands specifically.
REMEMBER - your entry is NOWHERE near as important as your exit.
I hope this video is helpful. If it is, please kindly drop a like. As always, questions both in the comments and in DMs are always, always welcome.
HOW TO TRADE WITH THE TREND + IDENTIFY TREND REVERSALS / VIDEO This is a 9 minute video that covers how to ensure you are trading on the right side of the trend.
Lots of good stuff on this topic, unfortunately it's impossible to cover everything in the 10 minute limit provided by TradingView for videos, so if you have any questions please feel free to get in touch.
WHAT WILL HAPPEN TO THE USD THIS WEEK?Looking to the week ahead and what to expect of the the USD.
We have Non-Farm Payroll coming up this week which is forecast to be higher than last months, backed by President Trumps tweet suggesting the jobs number will be good.
Seasonally the USD is strong and looks likely to continue however we are sitting at a key resistance level with 127.2 Fibonacci extension confluence. This could show the market
is currently over extended and we could see a retracement at this level. If the market breaks and closes above the highs of $97.00 we can continue to look for long opportunities.
VIDEO / LOSING TRADE RECAP & THE SNEAKY ENTRY Video contents
1) Recap of a losing trade (why the trade was selected. negative points against the trade and positive points for the trade)
2) The sneaky entry! (combining stop loss element of a lower time frame setup with the targets of a higher time frame setup)
3) My trade management style
4) The eternal battle of risk to reward vs accuracy
VIDEO / NZDJPY / HOW TO PLAY BOTH SIDES OF THE MARKET Contents of Video:
1) How I approach looking for a Bearish and Bullish outcome on my trades
2) Identifying actual trade triggers that make me take one side over the other
3) How you can easily switch from being a bear to a bull and vice versa
4) Go back on your losing trades!! Spot the reversal patterns that caused you to get stopped out. Apply this hindsight to your future trades
VIDEO / HOW I SETUP MY WATCHLIST FOR THE WEEKVideo Contents:
How I use the same concepts over and over to setup my watchlist each week (forex, indices, commodities, metals, crypto)
* I focus on finding high-probability trade setups with good risk to reward
* These setups can be either trend reversals or trend continuations. The actual direction of the setup doesn't matter
* What does matter is WHERE on the chart these setups occur
Enjoy :)
HOW TO BUILD YOUR CONFIDENCE AS A TRADER (WIN BIG & LOSE SMALL)** In the video I say EURO / Swiss Pound. I think I meant to say Swiss FRANC ** :)
This video is meant to cover a really important topic that I think holds back most people from being successful in the markets. In this video I cover:
1) There's a difference between being a good analyst and being a good trader
2) How to empower yourself by learning to trust your analysis
3) 3 optimal trading environments and how top-down timeframe analysis lets us identify which environment we are in
If you find this video helpful, please leave a like and a comment!
Good luck out there and remember ALWAYS win BIG and lose SMALL :)
The Cleanest Breakdown of NZDUSD you will ever see Drake Denison here with another chart breakdown!
Focused on qulity videos currently and bringing as much value to my page as I can possibly give! Hope you all enjoy this breakdown and watch out for the MANY more to come!
Leave a LIKE, COMMENT, & SHARE if you enjoyed the value given. THANK YOU!
End of day action on EURUSD and US30In this video I look at an interesting compression on the 15 min EURUSD and quickly review a critical price position on the US30.
This follows up from my other videos.
A strong EURO is not great for the Ger30, so if it strengthens around now, there could be more bearish pressure on the DAX.
The DAX tends to rule the worlds markets and has not suffered as serious corrections as the US30, as yet.
I'm not saying I'm right about any of these positions and how I assess them. The important things I think is to share thoughts and learn from others. I'm always happy to learn a different way, see a different perspective, and to stand corrected if I've made glaring errors.
Best wishes
Walker.
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.
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