How can a winning trades make up for a losing trader in the forex market? Here are my setups and how they are playing out so you can get the picuture.
Before the market opened I analyzed a short term buying opportunity on AUDUSD. However, this morning , a lower low was created at 0.72435 on the 4-hour timeframe. This signals an early sign of a reversal on this specific timeframe. I have to change my buy bias to a sell bias. Today, I will be observing if price can stay below 0.72775. If so, I will sell from my...
Price on the daily timeframe has been increasing. The evidence can be seen better on the four hour timeframe. You will notice a series of higher highs and higher lows being made. If price can pullback towards 0.72550, it'd be best to observe if the buyers can push price back up to the previous 4 hour higher high and beyond.
The right timeframe can make your trading life easier. If your timeframe and trading styles differ you're probably a confused trader. Let's get you to unstick.
Hi trading friends!!! Price has been steadily declining on this currency pair for over a month. This is an example of high volatility. Eith no deep pullback in sight this pair is best traded on lower timeframes lower than the daily. In this example, I share with you my 4-hour timeframe analysis. You can clearly see price has made a new lower low at. In order to...
If you are a trader then you know technical analysis on Bitcoin and Ethereum is an important element of trading these 2 cryptos. It's not just about the rise, but the discounts as well. In this video, I am sharing the potential decline these two cryptos could experience and where they could go to next if they do fall. I thank you for watching the video and if...
The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51. In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading). Have a safe trading week.
A new higher high at 1.57463 was formed yesterday. Price has pulled back to the previous higher low at 1.55970. If price shows bullish evidence it can stay above the last higher low(buyers/demand) a new higher high could form if the buyers can increase the momentum here.
Trading volatile pairs is like knowing what's in season and not in season. Whats hot and not hot. Who is in and who is out. In this video, I am going to show you what high and low volatile pairs look like and trade examples.
Do you know what it looks like when you don't have a trade? Let's face it, there are a lot of videos that tells you when to place a trade or how to trade, but not when not to trade and that is what I'm showing you in detail today. I hope you enjoy my mini Ted Talk, I mean mini lesson.
NZDUSD made a new low this past Friday. Did this automatically set off something in your head? If not, it should have. Price making a new low shows you there are sellers who are ready to see further bearish movement. Now if price can pull back and stay below 0.71892, a sell could very well be in good order back down to the previous new low.
EURNZD has been pushing down quite nicely. As I am watching the 4 hour I see price has reversed. Let me break down the reversal on the 4 hour: 1. The last lower high was 1.62789 2. Price made a higher high at 1.62813 3. Price made a higher low at 1.61935 4. Price made a new higher high at 1.63083 All of this indicates at this moment buyers are in the market. The...
Price pushed up in the first half of the week nicely before dropping after the high volatility. If price can dropped lower past 0.74530, we can possibly see bears come into the market short term before continuing higher. My eyes are on this 4 hour timeframe for the week.
Gold has seen some bearish moves down and if price stays below the last lower high at 1787.276, especially if today the candle closes bearish the next low price can see is a push past 1721.377 to 1703.584.
Price action is mostly used for 3 things - identifying the trend, plotting structure, and entering trades. In this Livestream, I will be helping you create a blueprint for price action for you to add to your trading plan.
Hi Trading friends! CADCHF has been pushing down the past few weeks. Last week a new lower low formed on the daily which indicates the sellers have control. Today price has closed a a bearish hammer which could stop price here and push it back down to the low at 0.71724. It's all about supply and demand baby! Let's see of the sellers want the CAD 's value to...
In this analysis session, we are going to chat about different mindset approaches to trading your strategy consistently.
In this discussion, I will be showing you the best 4 price action candlesticks you can use to enter your trades.