US INDICES..What can you expect from the bearish price action ?
Hello everyone:
Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for.
Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some higher time frame developments are similar in the past from the Coronavirus period, and bearish price action on the lower time frames as well.
NASDAQ
Higher Time Frame:
Lower Time Frame:
SPX -
Higher Time Frame:
Lower Time Frame:
DOW JONES -
Higher Time Frame:
Lower Time Frame:
Any questions, comments or feedback, welcome to let me know :) thank you
Flag
Weekly Trading Recap: EURUSD, USDJPY, SILVER, NZDCHF Aug 14 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: Running +2% profit
Full analysis/forecast:
USDJPY: Running +3% profit
Full analysis/forecast:
SILVER: First Trade -1% loss
Second Trade running +1% profit
Full analysis/forecast:
NZDCHF: Closed down for +3.35% profit
Full analysis/forecast:
GBPAUD: Closed down for +1% profit
Full analysis/forecast:
AUDCAD: closed down for -1% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
WBA Complete analysis for going longThis is very nice setup with multiple confirmations:
1. It has very strong support level
2. The last time it reached it consolidated into bull flag, than it broke it and had bullish momentum for couple of days
3. Consolidation with 2 trendlines at the same place is broken
4. if it makes new high it can continue expected trend
Detail Price Action Outlook on GOLD & SILVER
Hello traders:
Let's take a closer look into GOLD and SILVER.
As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view.
GOLD
From my previous outlook on GOLD:
Price indeed made a push down to the swing lows, which could be forming double bottoms.
What we need to watch out for on the lower time frames to see if there's bullish reversal price action, followed by continuation correction for the buys.
or
If price manages to continue to drop lower than the previous swing lows, then expect the price to continue lower to the bottom of the HTF parallel channel structure, before a big reversal up move.
SILVER
Long Term Outlook on Silver:
From my previous short term outlook on Silver:
Similar developments like GOLD, we see price does push down to the previous swing lows as well.
This is a good area to watch for price development as we could be forming a larger, deeper HTF continuation correction that may be at the bottom of potential reversal area.
Alternatively, if price pushes down lower the previous swing lows, but moving in the corrective phase, then we can still expect the bullish reversal up move once correction completes.
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
CADJPY FUTUREGood day guys, here's my Mid-week market review of CADJPY. In the video, I briefly explain what I think about the future of CAD, cross-referencing with OIL.
Please take note that; this is not a signal, however, an educational video of what I think about this pair. I believe you guys will grasp something from this video and learn a thing or two. Have a good trading week, and remember to use proper risk management.
Sesen BioStrategy: Bull Flag
Entry: Immediately
Target: 6.13$
Stop: 3.41$
Risk-Reward-Ratio: > 2.4:1
Weekly Trading Recap: NZDCHF, GBPAUD, EURUSD, EURAUD, Aug 7 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
NZDCHF: Running about +1.25% profit
Full analysis/forecast:
GBPAUD: running about -0.6% loss
First Entry: Close down for BE
Second Entry:
Full analysis/forecast:
EURUSD: Close down for +1.1% profit
Full analysis/forecast:
EURAUD: Close down for +0.51% profit
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Triton International (TRTN)Strategy: Bull Flag
Entry: 53.71$
Stop: 46.79$
Target: 88.87$
Risk-Reward-Ratio: > 5:1
Weekly Trading Recap: EURUSD, USDJPY, ETH, EURAUD July 31 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: Running about +0.5% profit
Full analysis/forecast:
USDJPY: Out for +0.51% profit
Full analysis/forecast:
ETHEREUM: Out for BE
Full analysis/forecast:
EURAUD: 1% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Weekly Trading Recap NASDAQ, USDJPY, CHFJPY, EURAUD July 24 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
NASDAQ: +1.83%
Full analysis/forecast:
USDJPY: +1.50%
Full analysis/forecast:
CHFJPY: +1.60%
Full analysis/forecast:
EURAUD: -1.00%
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Weekly Trading Recap: NASDAQ, USDJPY, CHFJPY July 17th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
NASDAQ: Running about +1%
Full analysis/forecast:
USDJPY: Running about BE
Full analysis/forecast:
CHFJPY: Running about BE
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Filter opportunities if multiple setups are presenting entries
Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries.
Hello everyone:
Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs.
It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs for example, it's a good practice to choose the best ones to enter rather than most of them.
When the JPY gets strength or weakness, most of the JPY pairs will move together impulsively, so it's susaintable to filter out all the potential opportunities, and choose the best 1-2 pairs.
Taking multiple positions on different pairs of the same currency may potentially put your trading account at a greater risk.
Sure, on short term samples and examples, traders may find taking more positions can earn extra profits, but long term sustainability wise, it's not ideal to open up so many positions of the same currency.
When traders simultaneously take multiple losses, especially due to correlations, this usually “tilts” the traders, and all sorts of trading psychology effects happen.
They may go on to revenge trade, over trade and over leveraged to “win” back the losses they just took. Best to avoid such negative emotions.
When I am filtering out potential opportunities, few key areas I will focus on when I choose between multiple pairs:
Multi-Time Frame Analysis: Where is the price currently at, and is it in the beginning of the impulse phase on the HTF, or is it closer to the end ?
Risk:Reward: 3:1 RR or higher. Can I comfortably enter with proper Risk:Reward ? or is the price already approaching a previous swing lows/highs ? Which pairs may yield the best reward potentially ?
Price Action Development: Are we getting the confirmation price action structures/patterns on the lower time frames for entries ? Is there a better, more clear price development between the currency pairs ?
Compare the currency pairs with each other, and identify the best 1-2 pairs that fit all the above criteria. Then simply look to set your stop entry orders when applicable.
To wrap it up, understand you can always enter or scale in more positions, as the price continues to develop and in your bias favor. As long as our original positions’ SL are at BE or in profits.
This way you will never lose money from the original account, while potentially maximizing your profits.
Any questions, comments, or feedback welcome to let me know.
Below I will list out some of the other educational videos that tie in closely to what we talk about today:
Risk Management 101
Risk Management: 3 different entries on how to enter the impulsive phrase of price action
Risk Management: How to Enter and set SL and TP for an impulse move in the market
Multi-time frame analysis
Identify a correction in price action analysis
Continuation and Reversal Correction
Thank you :)
Weekly Outlook! 7/12 - 7/16Here is what stocks we are looking at for the coming week! As well as a recap of last week's video!
NYSE:CAT
Looking for another swing high off of lows. Looking to get a confirmation for the break of it's current bullflag pattern over the $220 level.
NASDAQ:NVDA
NVDA has been range bound the last two days between $806 and $788. We will be looking for a range break in either direction of those levels
NASDAQ:ROKU
Nice dip here after the recent run we have seen. Looks like we got a break of resistance and will look to catch the next move higher over the $434 level
NYSE:YUM
Nice trend resistance break on Friday, looking to catch a move over a break of $119 for continuation
NASDAQ:EBAY
Nice bullflag pattern forming here at highs, will look to take the next move up after a break of the $70 level
Weekly Trading Recap USDJPY, USDCAD, SILVER, GBPCHF July 10 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
USDJPY: Closed down for +1.51% profit
Full analysis/forecast:
USDCAD: 3 Trades closed down for BE overall
Full analysis/forecast:
SILVER: Closed down for +0.51% profit
Full analysis/forecast:
GBPCHF: Stop Out for full -1.00% loss
Full analysis/forecast:
OIL: Stop Out for full -1.01% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Weekly Trading Recap: GBPCHF, GBPUSD, CHFJPY July 3rd 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
GBPCHF: Running Position
Full analysis/forecast:
GBPUSD: Closed down for +1% profit
Full analysis/forecast:
CHFJPY: Out for Break Even
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Commodities Mid/Long Term Outlook (Gold, Silver, Oil, Platinum)
Commodities Mid/Long Term Outlook (Gold, Silver, Oil, Platinum, Copper, Natural Gas)
Hello traders:
Let's take a look into some Commodities current price action, and see how some of these may play out in the mid to long term future.
I will give my analysis and forecast on them, specifically what to look out for in the market.
Make sure to have your own trading plan, risk management, and expectations in trading overall.
What we look for is price action confirmation and development, so if the price does not end up forming the right structures and technical setups, move on and no trades enter.
Any questions, comments or feedback welcome to let me know :)
Thank you
Weekly Trading Recap GBPUSD, EURUSD, USDCAD, CHFJPY June 26 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
GBPUSD: Running Position around BE
Full analysis/forecast:
EURUSD: 2 trades closed down for +5.33%
USDCAD: Closed down for +4.62%
CHFJPY: Closed down for +4.01%
OIL: Closed down for -1.01%
NASDAQ (NAS100): Closed down for -1.01%
Any questions, comments or feedback please let me know. :)
Thank you
Jojo