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GBPJPY Trade Breakdown 1.61RR 05/06/2024Trade Analysis and Strategy for GBP/JPY Today, I executed a trade on GBP/JPY with a risk-reward ratio of 1.61. Here’s a detailed breakdown of my approach, including my analysis, techniques, and strategies. Time Frame Analysis: - Time Frame: I focused on multiple time frames, including the one-minute and five-minute charts, to pinpoint precise entry and exit points. - Direction: Understanding the market direction is crucial. I analyzed the trend and momentum to ensure I was trading in alignment with the prevailing direction. Executing the Trade: - Avoiding High-Impact News: It’s important to stay out of the market during high-impact news events, often marked in red on economic calendars. Today at 2:45, I noticed Canadian news and chose to close my trade due to its potential impact. Similarly, I closed my position manually before the high-impact USD news at 3:00. - Risk-Reward Ratio: I maintained a 1.61 risk-reward ratio, which is a solid strategy. Remember, a win is a win, and profit is profit, regardless of the size. Don’t hesitate to secure a small profit—it’s better than a loss. Key Takeaways: - Avoid trading during red impact news events. - Stick to your risk-reward strategy. - Celebrate every profit, no matter how small. Thank you for your support! Please share, comment, and like this post to help me reach more people and spread effective trading strategies. MOHAMED AFRIDEEN ABDUL KALK
Short
by AfrideenAyanAimen
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SUGARUSDShort
by StewySongs
OIL may correct before moving lowerOIL may correct before moving lower After a month of correction, we can see that OIL has completed a megaphone pattern. This is the type of pattern that forms during a trend. It is very complex as a pattern and difficult to predict everything at the moment it is taking shape. As long as the daily trend is down, the pattern shows that OIL may move lower. We may see oil prices test 69 over the coming weeks. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILShort
by KlejdiCuni
1
Wyckoff Distribution Campaign The Wyckoff Distribution Campaign is a concept from Richard D. Wyckoff's market theory, which helps traders understand and predict price movements in financial markets, especially within the context of stock market cycles. The campaign focuses on identifying and analyzing the phases of distribution, where smart money (large institutional investors) is gradually selling off their positions to the general public before a market downturn. Here’s a breakdown of the key components and phases of the Wyckoff Distribution Campaign: ### Phases of the Distribution Campaign: 1. **Preliminary Supply (PSY)**: - This phase marks the beginning of selling pressure. It’s characterized by a noticeable increase in volume as prices approach a peak. The increased volume indicates that large investors are starting to sell their positions. 2. **Buying Climax (BC)**: - The price reaches a new high, but this is accompanied by heavy volume and often wide price spreads. This is where the bulk of the selling by institutional investors happens, misleading less informed traders into thinking that the market will continue to rise. 3. **Automatic Reaction (AR)**: - After the Buying Climax, the price drops due to the imbalance created by the heavy selling. This reaction usually happens on decreased volume, as the selling pressure temporarily diminishes. 4. **Secondary Test (ST)**: - The price tests the levels reached during the Buying Climax to confirm the top. This test can occur more than once, and it's marked by lower volume than the BC, indicating reduced demand. 5. **Sign of Weakness (SOW)**: - A significant price decline occurs with increased volume, suggesting that the supply is overcoming demand. This indicates that the distribution phase is progressing, and the smart money is continuing to sell off their positions. 6. **Last Point of Supply (LPSY)**: - This phase represents the final rally or upward movement before the market turns downwards. The volume during this phase is usually lower, and it signifies the last efforts to distribute the remaining positions at higher prices. 7. **Upthrust After Distribution (UTAD)**: - In some cases, there might be a final push to a new high, which can trap unsuspecting buyers. This is the last deceptive move before the market begins a significant downtrend. ### Characteristics of Wyckoff Distribution: - **Volume Analysis**: Understanding the volume at each phase is crucial. High volume during PSY and BC indicates strong selling pressure. - **Price Action**: Price movements, such as sudden drops (AR) and tests of previous highs (ST), help identify the distribution phases. - **Market Sentiment**: During the distribution campaign, the general market sentiment may still be bullish, creating an ideal environment for large investors to offload their holdings onto retail investors who are still buying. ### Practical Application: - **Identifying Distribution**: Traders use these phases to recognize when the smart money is selling, allowing them to anticipate a market downturn. - **Trading Strategies**: By understanding the Wyckoff Distribution phases, traders can implement strategies to short sell or protect their positions by exiting the market before significant declines. In summary, the Wyckoff Distribution Campaign is a crucial concept for understanding market cycles and price movements, particularly during the distribution phase where large investors sell their holdings. Recognizing these phases can provide traders with significant insights into potential market reversals and help them make more informed trading decisions.
NASDAQ:AMRKShort
by VolumeDayTrader
NZD/CAD Short, NZD/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SUGARUSDShort
by StewySongs
The Mechanics Of Trading - Part XIII - Failure At New HighPart XIII - Failure At New High I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
AMEX:SPY
by BradMatheny
The Mechanics Of Trading - Part XII - 6-4-24 FlagsPart XII I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
AMEX:SPYEducation
by BradMatheny
The Mechanics Of Trading - Part XI - SPY Flagging ExamplePart XI I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
AMEX:SPYEducation
by BradMatheny
GBPJPY 2.88% RR, 04/06/2024 TRADE BREAKDOWNTrade Breakdown: GBP/JPY – June 4, 2024 Welcome to this detailed trade breakdown video where I'll be sharing the insights and strategies behind a successful trade on the GBP/JPY pair, achieving a 2.88 risk-reward ratio on June 4, 2024. This video is designed to help you understand the steps I took, the tools I used, and the mindset required to make profitable trades. Let's dive in! Higher Time Frame Analysis Understanding the bigger picture is crucial. I started by analyzing the higher time frames (daily and weekly charts) to identify the overall trend and key support and resistance levels. This helps in setting a solid foundation for the trade by ensuring we are trading in the direction of the broader market trend. Lower Time Frame Execution After establishing the higher time frame context, I moved to the lower time frames (4-hour and 1-hour charts) to pinpoint precise entry and exit points. This involves identifying key patterns, break of structures, and potential reversal points that align with the higher time frame analysis. Entry Strategy The entry point was determined based on a clear break of structure indicating a continuation of the identified trend. I used specific indicators and price action signals to confirm the entry. This step is critical to ensure that the trade setup aligns with the market's movement. Risk Management Risk management is a cornerstone of successful trading. For this trade, I adhered to strict risk management rules, only risking a small percentage of my trading capital. I set stop-loss orders to limit potential losses and calculated the position size to ensure it fit within my risk parameters. Patience and Discipline Trading requires a significant amount of patience and discipline. Waiting for the right setup, even when the market is moving, is essential. I emphasized sticking to the trading plan, not being swayed by emotions or market noise, and only entering the trade when all criteria are met. Mindset and Emotional Control Maintaining a positive and disciplined mindset is vital. I discussed the importance of emotional control, especially during drawdown periods. It’s crucial to remain patient, trust the analysis, and not deviate from the plan. Consistent practice of these principles can lead to long-term profitability. Tools and Panels In this video, I also explained how to effectively use various trading panels and tools available on trading platforms. Understanding these tools can enhance your analysis and execution process, leading to better trading decisions. Conclusion To sum up, this trade on GBP/JPY was successful due to a combination of thorough analysis, disciplined execution, effective risk management, and a strong trading mindset. Remember, the key to consistent trading success lies in adhering to your plan, being patient, and continuously learning from the market. Thank you for watching this trade breakdown video. I hope you find these insights valuable and can apply them to your own trading journey. Stay disciplined, manage your risk, and happy trading! MOHAMED AFRIDEEN ABDUL KALK
Short
by AfrideenAyanAimen
The Mechanics Of Trading - Part X - EOD 2 Min ES RecapPart X - End Of Day 2 Min ES Recap I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
CME_MINI:ES1!Education
by BradMatheny
The Mechanics Of Trading - Part IX - ES Breakdown To SupportPart IX I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
CME_MINI:ES1!Education
by BradMatheny
The Mechanics Of Trading - Part VIII - Learning PatiencePart VIII I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
CME_MINI:ES1!Education
by BradMatheny
The Mechanics Of Trading - Part VII - 2 Min ES TrendingPart VII - Applying Success/Failure & Fibonacci Price Theory I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
CME_MINI:ES1!Education
by BradMatheny
The Mechanics Of Trading - Part VI - 2 Min ES ChartPart VI I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
CME_MINI:ES1!Education
by BradMatheny