Detail Breakdown on GOLD Mid-Long Term OutlookHello traders:
Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.
There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.
Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.
In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Wedge
OIL higher time frame outlook (Multi-time frame analysis)
Hello everyone:
Doing a quick bearish outlook on oil.
I like the price had a strong reversal bearish price action from the top of the HTF double tops area, and could lead into further continuation on the LTF
I will be patiently waiting for price to develop into the price action I want to see before executing any trades.
Thank you
Jojo
AUDCAD Continuation Sell (Multi-Time Frame Analysis)
Hello everyone:
Looking at AUDCAD for continuation sell opportunities.
WE can see price had a bearish impulse phrase on the HTF, after breaking out from the rising wedge, and is now forming consolidation which can lead into the next down move.
I would be waiting for a confirmed breakout from the continuation correction, and any LTF correction to get in on the sell
thank you
P.S. If you enjoy a video analysis breakdown moving forward, please let me know :) thx
Jojo
JPY Bearish Outlook (GJ, AJ, NJ, CJ)
Hello traders:
Similar like the USD outlook, I have made a quick video breaking down some of the JPY pairs I am looking at.
Same trading plan and risk management approach like the USDs, I would wait and see the bearish development first before enter any positions.
So watch out for some LTF development on some of these pairs in the up coming days.
Thank you
USD Outlook (GU, EU, AU. NU)Hello everyone:
Welcome back to a quick updates on the USD.
In this quick video I breakdown 4 USD pairs that are shaping up to for a good sell potential on them.
All of them will need a bit more development to give me the positive confluence to enter the trades, so patient is key here.
IF the price doesn't develop into what I like to see, then no entry for me. :)
EURUSD
s3.tradingview.com
GBPUSD
s3.tradingview.com
AUDUSD
s3.tradingview.com
NZDUSD
s3.tradingview.com
Any questions, comments or feedback welcome to let me know :)
Thank you
Weekly Trading Recap: GBPCHF, EURUSD Apr 24 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week.
I will explain my approach on the entry, SL, TP and management.
GBPCHF - Running 2% profit
Full analysis/forecast:
EURUSD 0 Closed for BE
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Weekly Trading Recap: LTCUSD, XLMUSD, BNBUSD, GBPCHF Apr 17 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management.
Litecoin (LTCUSD) - Running about 2% profit
Full analysis/forecast:
Stellar (XLMUSD) - Running about 2.5% profit
Full analysis/forecast:
Binance Coin (BNBUSD) - closed down for +9.5% profit
Full analysis/forecast
GBPCHF - Closed down for +0.5% profit
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Weekly Trading Recap: BNBUSD, GBPJPY, GBPUSD, XLMUSD, Apr10 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management.
Binance Coin (BNBUSD) - running about +8% profit, will exit at $500
Full analysis/forecast
GBPJPY - Exit for +3% profit first trade, and -1% loss on second scale in.
Full analysis/forecast
GBPUSD - Exit for +2% profit
Full analysis/forecast
Stellar (XLMUSD) - running about +1% profit, SL still at BE
Full analysis/forecast:
EURNZD - Exit for +0.5% profit
Full analysis/forecast
NZDCAD - exit for about -0.25% loss.
Full analysis/forecast
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
$OSTK TRADE IDEA (4/12-4/19)Trade Idea Video breakdown for $OSTK. Filled at 69.70 but we could see some solid continuation if we can break this daily resistance. $AAPL had this same pattern before Its breakout, so will be watching this one and I have a my alerts set.
Does news events affect price action analysis in trading ?Hello everyone:
Today I want to discuss news events in trading. Often when a news event comes out in the market, we get some sort of volatility and we get a strong spike/impulse.
However, does news events affect our ways of understanding price action analysis ?
Let's take a look at a few examples of the recent FOMC volatility that happened in the forex, indices and commodity market.
Most of the market had a sharp quick move to one direction, hinting a sign of weakness in USD/JPY..etc.
However, all of them ended up with a reversal impulse, and recovered all the price from the volatility.
So, what can we take away from this ? News certain creates volatility, but not the overall price action trending direction.
We may get a temporary short term move, but eventually the market recovers it, and resumes its original direction.
Often beginner/newcomer traders will try to “jump” onto the news momentum, but usually end too late, and they will take a BE or losses.
We can not control the outcome of the news or whether the news will be positive or negative towards our trades, but what we can control is our entry, SL, TP, risk management, emotions and mindset.
Any questions, comments or feedback welcome to let me know :)
Thank you
Jojo
Weekly Trading Recap ADAUSD, EURUSD, USDCAD, AUDCAD, Mar 20 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week, and what are still running. I will explain my approach on the entry, SL, TP and management.
ADAUSD (Cardano) - BE
Full analysis/forecast:
USDCAD -BE
Full analysis/forecast:
EURUSD - BE
Full analysis/forecast:
AUDCAD - 2 trades closed down for 4%
Full analysis/forecast:
EURNZD - BE
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
I will always do a weekly trading outlook live stream at the beginning of each week to discuss any potential opportunities ahead in the forex, crypto, indices, and commodity markets. Feel free to tune in to my forecast. :)
Thank you
Jojo
Weekly Trading Recap: GOLD, AUDCAD, EURNZD March 13th 2021Hello everyone:
Welcome back to this week’s trading recap video. I took 3 trades this week, and 2 are still running profits.
Let's take a look at them and see my approach on entry, SL, TP and management.
GOLD - Took BE
Full analysis/forecast:
AUDCAD - Currently running about 2:1 profit.
Full analysis/forecast:
EURNZD - Currently running about 1:1 profit.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
I will always do a weekly trading outlook live stream at the beginning of each week to discuss any potential opportunities ahead in the markets. :)
Thank you
Jojo
Mantradao looking strong in aftermath of Binance listing Mantradao's OM token has had a fairly standard price spike following its listing on Binance. After breaking out of a descending wedge, its next bullish target looks to take it back up to the level it was trading at last September.
Link to article on Binance effect here: bitcoinexchangeguide.com
Weekly Trading Recap: UC, EN, CJ, AJ, UM, US30, Mar 6th 2021Hello everyone:
Welcome back to my weekly trading recap video. This week I have several trades resulting in Break Even, let's take a look at these trades and what my approaches are as well.
EURNZD -
First Trade : Break Even
Second Trade - Break Even
Full analysis/forecast:
USDCAD - Break Even
Full analysis/forecast:
CADJPY - Break Even
Full analysis/forecast:
AUDJPY - Break Even
Full analysis/forecast:
USDMXN - (-1%)
Full analysis/forecast:
US30 (DOW) - (-0.69%)
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
Weekly Trading Recap: GOLD, SPX500, GBPUSD, BTCUSD Feb 27th 2021Hello everyone:
Welcome back to my weekly trading recap video. This week I took more trades than usual, resulted in more losses.
Overall still in the positive for the month not include my BTC long term trade, so lets take a look at the trades taken this last week.
Full trading journal in my profile link.
GBPNZD - Got tagged out for 0.5% profit.
Full analysis/forecast:
GBPUSD - Took a full 1 % loss.
Full analysis/forecast:
SPX500 - Manually exit for 0.33% profit.
Full analysis/forecast:
GOLD - Took 2 trades, 2 full 1 % loss.
Full analysis/forecast:
AUDCAD - 1% loss
Full analysis/forecast:
USDCHF - 0.5% loss
Full analysis/forecast:
BTCUSD - Closed both trades down. First trade in 12.39%, second one BE.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your weekend. :)
Jojo
Weekly Trading Recap: GBPNZD, ADAUSD, BTCUSD February 20th 2021
Hello everyone:
Welcome back to my weekly trading recap video. This week I entered just 1 trade, closed down 1 trade and I still have 2 BTC positions open. Let's take a look into it.
GBPNZD - Been talking about it last couple days in the live stream market updates, was waiting for more development. Finally LTF gave me enough confluence to set a stop entry order.
Currently running about 1.5% in profit. May look for further bearish scale in positions.
Full analysis/forecast:
ADAUSD - Hit TP of 8.94%. Was in my plan to take profit at $1 price, and monitor to see how the price breaks above, and potentially get back in for a further bullish move.
Full analysis/forecast:
BTCUSD - 2 positions still running, total about 20% in profit. Still holding and sticking to my long term investing approach and management.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
Deconstructing Charts: BITCOIN.... Are you still there???Hello Trading View Community,
Thank you guys for checking out this idea on BTCUSD . If you find this analysis useful, support us with a simple "Like" or "Follow".
Post your comment, ideas, or questions and check some of our other ideas on BITCOIN below.
Trade carefully and remember these are just ideas, not trading advise.