Was a mistake not to short the Dow and try and chase sentiment by fading the SnP500. Flipped the script and went long, scaling out of length ahead of NFP. Reduce drawdown by 70% on the day, so we live to trade another day as they say!
Missed Gold, missed the Dow, got smashed up on SP500 but trying to turn it around long to minimize the loss for the day. Protect capital and live to trade for another day! 1% down on the day but in recovery and counting on a continuation for the rest of the day higher...
THIS IS NOT A FINANCIAL ADVICE....this video is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. My 2 cents on where this pair is headed next... Also, if you want to trade, trade smaller timeframes, a...
Waiting for break of support on the low time frames to continue this move down. I want to see it break 15min supports it created recently, Also if it does pull back up It cannot break 15min highs. I Would like to see this continue to push down, We'll have to see how it plays out so it's all about being patient, no rushing a trade. Let the trade set up for you.
Post FOMC Market Analysis on the EUR/USD. How the trade developed and what to look for going forward.
AUD/USD was just too compelling not to re-enter expecting a move in the later part of the day which came and produced the goods as per the prior videos and start of the day's analysis.
the 7050 may be wrong and we could be headed higher on a consolidation day. However, I'm still biased to the downside for 7050 so keeping an eye. Maybe a scalp up before the blow-off to 7050?
NZDUSD created a new higher high a couple weeks ago which indicates to me that buyers have control. If price can pullback to 0.63625, I'll be more inclined to buy back up to the 0.65306 exchange rate. My dear traders, if you like this idea or want to share your kind value, place it in the comment section below and like the idea. I appreciate you 😌
AUD/USD was an FRD trade and was forecasted as a set-up for the day as explained in the video. These setups turn up time and time again. Nice way to start the week!
It is a big week ahead with the Federal Reserve and US jobs, Bank of England and the European Central Bank. My thesis is for a higher US dollar, a sell-off in Gold, hawkish Fed, a hawkish ECB, and firm US wage pressures. AUD/USD is one to watch for a sell-high opportunity in New York trade on Monday/Tuesday perhaps, same with Gold.
Selling GBP/USD form the HoD (high of day) for 50 pips after the Wall Street cash open, 15 min rotation blow off using M formation, hammer engulfment on 1-min chart as entry and using the weekly template structure and sessions prior for confirmation of the bias for the day. It was not an easy day considering the stop-hunting going on but we go there in the end!
USD/CAD exploded to the upside but then fizzled out and bulls threw in the towel before the target. Decided to come out at breakeven as there was no flare although expecting a continuation as per the daily chart, just not prepared to run risk on it for the rest of the day and GAMBLE on it. Expect a stop hunt and don't want to be food for the bears.
USD/JPY was a great set-up and entry for 50 pips as a first red-day trade opportunity. running at break even and profits banked. Target 100 pips lower to 129.00 with a trailing SL in the 70s above resistance.
Aussie CPI was a great trade set up, worked like clock work on a first bounce opportunity. 15-min rotation, pull back into 61.8, triangles all the way and perfect exit at highs of the day.
AUD was rallying in Asia and we took the first bounce and then added to the position to make a killing. Shame TV paper trading system was faulty but nonetheless, the process was flawless.
Break of structure and targetting daily resistance before a mid-week blow-off to the downside.
In this video, I walk through the key events ahead for the week, sentiment drivers and some potential setups playing out to watch for in the DXY / US Dollar, Gold, AUD and so forth ahead of the month's end and the Federal Reserve next week.
I didn't know what to expect at night when BOJ was talking about interest rates that stayed at the same level. But what happened was GBP shoot to the moon. What I saw in the morning it was clear to me that Buyside liquidity was taken out and that created an opportunity to enter. Price started to drop down creating FVG on a lower time frame (3min). Then the price...