If you struggle with what timeframes to analyze longer movements before entering trades, this video is for you. I personally struggled with multiple timeframe analysis. I thought I had to use every timeframe to enter a trade. It wasn't until I got clear on the type of trader I was and stuck to two timeframes at a time is when the market began to become more...
Price just reversed on the daily timeframe. Buyers were pushing GBPAUD to the upside, but now that AUDUSD is increasing in strength, GBPAUD is decreasing. These two currency pairs are whats called negative correlating currency pairs. The pair they have in common are AUD. It's like a seesaw. AUD is in the middle. If GBPAUD increases AUDUSD will increase. If GBPAUD...
This pair has been creating swing lower highs and lows on the 4 hour timeframe. If price can stay below the lower high this can be a great quick sell opportunity.
Some trades are better as day trades while others can turn into long holds. It's best to learn the difference as soon as possible. I explain the concept in this video where I discuss Bitcoin and US30 next trade setups. Disclaimer: These are my personal ideas and should not be taken as your own. Trade at your own risk.
I'm bearish on US30, but that does't mean a pullback can't occur. As a matter of fact I'm hoping for a pullback so I can sell at the 4 hour inside bar. I'll explain more in this video analysis. Do you have some value you can provide? Comment down below. No nasty or bashful comments please. Let's keep this respectful.
I am a firm believer that when I’m stopped out of a trade it’s for 2 reasons. Reason 1: a deeper pullback has occurred. This does not mean the trend has changed. Price just pulled back a bit more than expected. Reason 2: a reversal has occurred. At this point I’m stopped out of the trade and the direction I was once trading in reverses. In this GBPJPY 1 hour...
I had a beautiful win on GBPJPY and another loser on AUDUSD. Trading these pairs together is teaching me so much, but the biggest lesson so far is to continue to trade what I see and focus on my trend cycles. Don't know what a trend cycle is? I explain it in this video.
AUDUSD finally pulled back to my 4 hour estimation zone. No that price is here I’m awaiting the 4 hour candle closure at 9:00 am Eastern Standard Time to give me permission to enter the trade. Let me explain why: 1. The 4 hour timeframe created a lower low at 0.70517 2. Price has retraced to my zone. All it needed to do was touch. Keep in mind the deeper the...
This week I'm keeping it light. I'm not interested in overwhelming myself so I'm going to show you how to let the trade come to you just as I am. You need 3 things: 1. To understand direction 2. To plot structure and wait for price to touch it( thats letting price come to you) 3. Permission to enter the trade(it just takes one price action candlestick) Once you...
AUDUSD was almost to my second TP until price reversed on the 1 hour timeframe. When I went to look at the DXY I realized why. There may have been some type of fundamentals thats caused the dollar to be bearish this morning. Well, if I'm stopped out I'll show you what I'm doing next next in this video.
Should you be trading GBPJPY and US30 today? Let's look at the facts here. They are both showing a clear trend. Is there anything else you really need?
Here is a glance at my winning and losing trade positions on US30, AUDUSD, and GBPJPY.
The Dollar index is showing signs of an uptrend. This can affect out major currency pairs. Here is a currency pair I have my eyes on for sells.
Good morning trading besties, I know it's early, but as they say the early bird catches the worm. In the world of forex analysis I am updating you on how price has moved since last night. I believe this is important because the price can move drastically overnight from Sunday to Monday. I won't bore you with written detail so watch this quick video. Hey trading...
Here are the top 5 currency pairs my Trade On Purpose Members highlighted as great trades this week.
Hello Trading Besties, AUDUSD dropped amazingly last week creating a new lower low on the daily and weekly timeframe. If you look closely on the 1 hour timeframe you can see it's fluctuations amazingly. If price can pullback and stay below 0.70460, this can be a great sell opportunity back down to the lower low. Only look for buys if price pushes above...
Are you overwhelmed by the many types of trading styles? Let's me help you unlock your mind to the kind of trader that' easiest to become first and a trend trader.
Hi Forex Traders. I’m analyzing my forex price charts, and I see a few great opportunities on the rise for you. While I may see these as good setups, please be sure you construct your own analysis to decide your entry and exit points.