Hi Traders. Since early last week, I've been talking about some potential selling opportunities on most of the JPY pairs, as I noticed most of them have rejected some significant resistance multiple times. Yesterday price had such a strong sell-off, plummeted for over 200+ pips, which is uncommon for this pair. I'll be mainly looking for further selling...
Hi Traders. On Monday, I talked about multiple scenarios on Gold as the Price Action was relatively choppy on Monday. One of the scenarios i mentioned, was a break below 1810 area. Yesterday, price found some really significant Bearish momentum, broke below 1810 dumped all the way through 1864 for nearly 500 points. Because of the momentum, the chances of Gold...
Hi Traders. Let's talk abit about Risk Control/ Risk Management today. I believe most Traders may be thinking that Risk Management/ Risk Control is about - Having a pre-determined risk (% Risk-per-Trade) - Having a Stop Loss Well, that's correct to a certain extent. But if you really think about Risk Control, do you think its really all about that 1 - 2%...
Hi Traders. I've been updating USDJPY here consecutively for many days since last week, mainly because I do picture some potential here in terms of Risk-to-Reward. There are lots of times where I remind all of you to follow the trend, but there are also times where I alert myself not to jump into the 'hype' USDJPY is definitely looking extremely...
Hi Traders. In the previous analysis on DXY (I believe it was long time ago), I talked about potential Bearish reversal as price had a Probe around the 103.30 key resistance zone. However, look at the amount of buying pressure pushed through the 103.30 again. Because of this, to avoid any sort of confusion, in the short-term I'll be avoiding any thesis that go...
Hi Traders. I've been pausing my daily updates on Gold for almost a week, mainly due to the amount of choppiness in the market. When there's no clarity or clear direction, it's our job as a smart Trader to avoid forcing trades. Let's see if we get more clarity next week? If you enjoy the content, make sure you follow my profile and click the like button. Take...
Hi Traders. Yesterday I talked about selling opportunities on USDJPY, feel free to go back to yesterday's breakdown videos if you've not watched them. I took some shorts around 136.40, covered them around 135.80. If you look at the current price, it has found significant amount of selling pressure during the mid Asian session. I'll be mainly looking for some...
Hi Traders. Yesterday I talked about some selling opportunity when price was around 142.80, mainly due to the multiple failures at 144. In the current 4h candle (Mid Asian session), we are finding lots of selling pressure. A break below 141.40 - 141.50 could trigger more Bearish momentum in the market. If you enjoy the content, make sure you follow my profile...
Hi Traders. As usual, just some of my trade recap today, net off a positive 1.8R, extremely grateful for that. I believe this is one of the best way to boost most of your trading performance, is by watching me explain step by step, what's my thought process on each of the decision I make on a daily basis. If you enjoy the content, make sure you follow my...
One of the questions i received the most is: "Neoh, how much/ how many percent can you generate every month?" My only respond to this is "It depends." How much you are making ultimately depends on your Risk Appetite, and your aggressiveness. And its all about consistency. My average return is about 8% - 10% per month, sometimes i make 15%, sometimes i make...
Hi Traders. Yesterday I posted a trade recap on EURJPY, I basically shorted it yesterday due to several confirmations such as multiple rejections at 144 and failure to re-visit 144. From my perspective, the short-term direction has officially shifted when the market failed twice at 143.80 yesterday (exactly my short entry yesterday). So I'll be mainly looking...
Hi Traders. Today's unfortunately I'm unable to record video analysis due to my body condition. This is one of my favourite setups today, looking to join the momentum downwards as market had a double failure recently around 106.20 - 106. 40 . But take note that this is more of a short-term setup, I'm not expecting market to completely reverse for several hundred...
Hi Traders, just some recap and full breakdown on the EURJPY short position I took earlier that closed out a +5.3R. If you enjoy the content, make sure you follow my profile and click the like button. Take care and trade safe. All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Hi Traders. The overall US markets has been in a bear market for some time. As its overall still in a very clear downtrend flow, I wouldn't try to predict any exact reversing point. For now, as price continues its Bearish momentum, the next key support levels are 29,500 & 26,600 (worst case scenario). If you enjoy the content, make sure you follow my profile and...
Hi Traders. Throughout these past 1 week I've been talking about buying opportunity on GBPUSD if price finds strength breaking above 1.23. But I did highlight the second-type scenario, which is to buy at another key support level around 1.2180 - 1.2190, which price actually had some minor rejection during the early Asian session just now. As price still defends...
Hi Traders. In the market breakdown yesterday, I talked about buying opportunity if price rejects 1821 OR 1818 supports. Price did not respond to 1821, in fact it basically just crushed below. But during the early Asian Session just now, price rolled over around 1818 then now its at 1821. When the market is in a choppy condition like this especially on the...
Hi Traders. Gold is relatively still in a choppy/ ranging market as per my last market update. For now, I'm really observing how price reacts at some of these support levels like 1821, 1818. The main reason why I still lean towards the buy side is the way price just constantly bounce of some hidden S&R structure like a channel, range. However, if price starts...
Hi Traders. Since the previous market breakdown on GBPUSD, up until now the market is basically still in a choppy condition. It is important to us to step away from choppy markets to avoid giving back profits. For now, the only level that I'm paying attention at is the 1.2190 - 1.22 support level. What I'm really trying to do here is to anticipate a mid to...