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Quick Market Analysis and Breakdown & My Personal UpdatesHello everyone:
Hope everyone is well. :)
Those who follow me on my other platforms have got the message that I will not be too actively trading in the last 2 week or so in December.
My wife is due for another baby in about 7 days, so I am pausing anything that is not immediately necessary and freeing up some time for my family.
Apologize on missing the last 2 streams and next week streams as well. Everything should go back to normal for my normal contents in early January 2022
I received overwhelming support and feedback messages both public and private from many of you, so I really appreciate the positivity support that I receive. Thank you all :)
Today I did find some time to quickly scan through the chart,
although I likely won't be taking any positions as I point out in my other platforms that I am in the process of consolidating a few trading accounts that I have, withdraw/deposit etc,
and basically taking a small break as well.
But I still like to go over the market in a quick video here to outline what I see that could shape up for the last week of December and 2021 for you all :)
Few pairs that are interesting:
Forex:
AUDUSD -
NZDUSD -
AUDJPY -
NZDJPY -
USDJPY -
Commodity:
CORN -
UKOIL -
USOIL -
Crypto:
ADAUSD -
BTCUSD -
SOLUSD -
Thank you : )
Jojo
Weekly Trade Recap: USDCAD, NZDCHF, AJ, NJ, NU Dec 12th 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.
USDCAD: 2 positions closed down for +1.16% profit
Full analysis/forecast:
NZDCHF: 2 positions closed down for -1% loss
Full analysis/forecast:
NZDUSD: -1% loss
Full analysis/forecast:
Trades Enter From Previous Week That Closed Down This Week:
AUDJPY: -1% loss
Full analysis/forecast:
NZDJPY: +BE
Full analysis/forecast:
ETHUSD: 2 positions closed for BE
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Treat trading like a business or you might not succeedHello everyone:
Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry.
1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading.
-Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year.
2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses
-This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result.
Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $
3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed.
-Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable.
4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some.
-Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year.
In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top.
5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals.
-Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion.
Acknowledge your mistakes, drop your ego, work on overcoming your mistakes.
6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP
-90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well.
Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed.
IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably.
Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life.
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trade Recap: AJ+4.03%, AD+2.2%, NJ+1.5%, ND-BE Dec 5 2021Hello everyone:
All my trade analysis, forecast are shared on TradingView, and other platforms for free.
You are welcome to check them out in the description below or my profile page.
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.
AUDJPY: +4.03%
Full analysis/forecast:
NZDJPY: +1.5%
Full analysis/forecast:
AUDUSD: Tagged out for +2.2% profit
Full analysis/forecast:
CADJPY: 3 positions out for +0.25% profit
Full analysis/forecast:
NZDUSD:2 positions out for BE
Full analysis/forecast:
NASDAQ: Out for BE
Full analysis/forecast:
USDCHF: 2 positions closed down for +2% profit
Full analysis/forecast:
ETHUSD: +1.5%
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Can Japanese YEN Continue its Strength ? Price Action AnalysisHello everyone:
Today let's analyze the Japanese YEN market from a multi time frame analysis.
Higher time frames to lower time frames point of view.
Specifically I will do a full on price action analysis and will also look back at the previous Feb 2020 period during Covid-19 sell off.
My general view and bias on the JPY pairs are bearish, looking to continue its strength across the board.
Some pairs will naturally have better price action developed, while others are paired with stronger currency hence the consolidation or sideway movement.
Let's take a look at the best ones on my watchlist for the weeks ahead of December 2021.
Keep in mind that if the market has reversed and the bearish bias and price action are no longer valid,
then I will look to exit the positions and move on. Never force any trade, entry or holding positions.
CADJPY
Current Market:
Previous Forecast/Analysis/Outlook:
AUDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
NZDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
GBPJPY
Current Market:
USDJPY
Current Market:
CHFJPY
Current Market:
EURJPY
Current Market:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trade Recap: ETHUSD, USDCHF, NASDAQ, SPX Nov 28th 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.
ETHUSD: 2 positions running for +3.2%
Full analysis/forecast:
USDCHF: 2 positions running for +3.7%
Full analysis/forecast:
NASDAQ: 2 positions closed down for +3.91%
Full analysis/forecast:
SPX: 2 positions closed down for +2%
Full analysis/forecast:
GBPCAD: Closed down for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Complete Breakdown & Analysis in the Indices Market
Hello everyone:
Let's take a more in depth look into the major indices such as US30, US500, US100, UK100, EUR50 and a few other setups.
More bearish price action continues to develop across the market in the last few days, and we can certainly be active to look for opportunities.
In my weekly market outlook/update live streams, many of these indices have been on watch and discussed during the NY sessions.
From last week and beginning of this week, we have been looking into more on a possible bearish move in the market.
Below I will share previous setups/screenshots that I share in the live stream and other platforms.
We will go into these indices in more detail one by one, and discuss the possible opportunities on all of them.
US30 (DOW):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US500 (SPX):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US100 (NASDAQ):
Previous Setup:
Current Development:
Original Forecast/Outlook:
UK100 (FTSE):
Previous Setup:
Current Development:
Original Forecast/Outlook:
EUR50:
Previous Setup:
Current Development:
Few other indices on watch:
DE30 (DAX)
AU200 (ASX)
FR40 (CAC)
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: EURAUD, GBPUSD, SOLUSD Nov 20th 2021Hello everyone:
Not many trades entered this week.
I was on vacation during the week so wasn't too active on the charts or in my community.
Will share these trade results from entry, SL/TP, management and overall analysis.
EURAUD:
Full analysis/forecast:
GBPUSD:
Full analysis/forecast:
SOLUSD:
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: NU, NC. UJ, XAG, US30, US100 Nov 14th 2021Hello everyone:
I have been getting some hating and trolling comments/messages from some people on my recent trading result.
Sure I can admit last month and this month so far haven't had some good results, and I am not hiding away from that.
But I am well aware of how trading is in terms of consistency and sustainability.
I have been journaling and making trade recap on my trade results which I share publicly, honestly and transparently, so not worry about one losing month or 2.
Overall the year is certainly up and profitable, so it's during these periods of drawdowns and losing months we need to be extra cautious and don't fall into the trading psychological mistakes.
Do not revenge trade, over leverage, over risk and end up blowing accounts.
My sincere feedback to traders out there who are struggling.
Don't let social media fool you on how trading is.
You will never know if those scammers or fake gurus trade real, live $ accounts, or just show you demo account profits.
You will never know whether they take losses or not because they won't show you those to sell you a dream.
All consistent, professional traders will take losses, it's how we control our emotion, mindset and continue to let the probability play out in our favour for long terms.
NZDUSD: Out for +0.5% profit
Full analysis/forecast:
NZDCHF: Out for +0.5% profit
Full analysis/forecast:
SILVER: Out for BE
Full analysis/forecast:
USDJPY: Out for BE
Full analysis/forecast:
USDCAD: Out for -1% loss
Full analysis/forecast:
NASDAQ: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: SILVER, EURGBP, UKOIL, DOW Nov 7th 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.
SILVER: Running Position
Full analysis/forecast:
UKOIL: Out for +0.40% profit
Full analysis/forecast:
EURGBP: -1.00% loss
Full analysis/forecast:
US30(DOW): -1.00% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
HOW-TO: My Trading Approach On GBPNZD With Full Trade AnalysisFX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community.
This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important talking point in this video is how said formations convinced me to go short for this trade.
With that said, let me ask you a question.
Is your GBPNZD trading strategy at a point where you are able to make minute adjustments that can lead to big wins?
More importantly, do you currently have the trading knowledge to identify said formations and signals?
Anyway, watch my GBPNZD trading analysis video right to the end, and leave a message if there’s anything you want to ask.
Thank You
Kumar Kaushal
Weekly Trading Recap: NU, EU, EP, XAG, DOW, UKOIL Oct. 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.
I have mostly losing trades this week and the end of the month.
Definitely not hiding it and acknowledge the losing month of this year. Certainly have room for improvement and reflections.
Some of the trades actually were in good profits but ended up reversing and left some profits on the table (EURUSD).
Some trades such as AUDNZD and GBPNZD from previous weeks went in the desired direction, but just didn't manage to be my full advantage as I followed my plan to exit accordingly.
The last week was emotional for me and I took a few more trades that did not end well.
I also closed down all the live trades such as Silver and Corn. Wanted to take a small break in between and get ready for November and the end of the year.
My trading psychology for the last 2 weeks was not good, dealing with external issues on social media and negativity on the internet.
But, no excuses here for me. Have to keep going and accept the mistakes that I made, and continue to work on the emotion and mindset here.
SILVER: 2 positions closed for +2.50% profit
Full analysis/forecast:
CORN: +1% profit
Full analysis/forecast:
EURGBP: Out for BE
Full analysis/forecast:
BCOUSD/UKOIL: Out for BE
Full analysis/forecast:
US30(DOW): -1.00% loss
Full analysis/forecast:
NZDUSD: -1.00% loss
Full analysis/forecast:
EURUSD - 4 entries all closed down with total of 0.20% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
GBPJPY - Descending Triangle breakoutFollowing up on last weeks $GBPJPY weekly head and shoulders top idea, this week the $GBPJPY or "The Beast" as we call it, is putting in a descending triangle which has me anticipating a bearish breakout. I'm not sure if it will come this week as the pattern has only just became valid, but certainly something that is very high on my radar as this is one of my favorite patterns to trade.
If you have any questions, comments or just want to share you idea, please feel free to do so below.
Akil