Hi Traders, just a bit of personal sharing today, not any typical workshop. One thing all of us as a Trader must understand, is to not compare our Chapter 1 to someone else's' Chapter 10 . I believe every successful Trader came from a single digit P&L, then progressively scale-up. When i first started trading it was small, but after years of trial and error I'm...
Hi Traders. EURUSD has previously formed a Double-Bottom around 1.04. Does it confirmed a long-term Bullish reversal? I'd say we'll have to wait for more confirmation. But on the 1h chart, you can clearly see that price is forming some squeezes. To confirm the mid to long-term Bull run, I'll prefer to wait for a break above 1.06. Once we see a clear upwards...
Hi Traders. Last week I've called some selling opportunity on EURJPY around 144 based on the Double-Top. When price was around 141.80 I also mentioned that we're looking for pullbacks towards 142.90 - 143 for further Bearish continuation setup. As price is near the 142-90 - 143 resistance structure, in fact, on the 1h chart we got the first sign of rejection...
Hi Traders, last week I've called some selling opportunities on UJ, and I've personally taken some great short positions too. This week i'll be mainly focusing on sells too as long as price respects the short-term Bearish structure (lower highs lower lows sequence). 135.30 - 136 as long as price holds below these areas I'll still be sticking to the short...
Hi Traders. This is a quick recap of all of the trades taken this week. 7 trades in total. • 4 Losses (-4R) • 3 Wins (+9.1R) Net: +5.1R 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...
Hi Traders. About two weeks ago and early this week, i called multiple selling opportunities on the counter JPY pairs, I will link it down below if you want a quick recap. The main reason why I started to look for short opportunities on GJ was the congestions and failure to create higher high at 167.30. Then the follow through was a strong break below 165.80 -...
Hi Traders. In the previous few analysis i've been calling short opportunities on EURJPY as price has rejected the 143.90 - 144 key resistance level multiple times. As price is moving down according to plan, I believe there is more room for price to move downwards. The only structure that's determining my short-term bias is 142.90 - 143, which is the base of the...
Hi Traders. Gold has been in some back & forth condition recently. Earlier, Gold went to re-test 1822.5 support structure and failed multiple times, followed by a strong bullish candle presenting some strength. As today's price movement is slightly Bullish, will be looking for some short-term buying opportunities. Possibly Gold will be entering some range bound...
Hi Traders. Today's topic on Risk Control is probably one of the most important elements to elevate your trading performance instantly. Yes. If you're a full-time trader with over several years of experience you probably have been through situations where you went on tilt, and just non-stop smashing the buy & sell buttons - huge trait of a gambler. I still...
Hi Traders. The recent market has been slightly difficult to trade for most Traders due to the back & forth Price Action. USDJPY has been constantly pushing through fresh highs recently, but when will this over-stretched condition snaps back? I've talked about the Rubberband concept numerous times on this channel, the further an asset price is being stretched,...
Hi Trader. As most of the currency pairs are now entering some choppy condition, during times like this it's important for you to have a strict entry criteria to filter out noises. I do believe that GBPUSD is currently developing some potential reversal pattern, and it all depends on whether price accepts higher bids or not. The continuation pattern price is now...
Hi Traders, yesterday during the mid New York session, I talked about some potential selling opportunity as EURJPY was re-visiting the previous high around 143 - 144. As price showed some rejection and respected the previous high, I do expect some short-term selling pressure to step in. How far can price goes? I don't have a specific answer to that mainly...
Hi Traders. I've been calling some short opportunities on BTC from 40k, 31k, 28k, etc... Most of you might be wondering, " where is bottom? " As a Price Action trader, we don't take action until we see a shift in momentum and price. For now, BTC still looks like its in a healthy downtrend, every wave up follows with a healthy Bearish Impulse. Some different...
Hi Traders. In the previous few analysis on Oil, i've been calling some short opportunities around 122, 119, 116, and 109.50. If you took advantage of these selling opportunities i believe you're in a great position. The thesis behind this short-term sell setups, was the amount of exhaustion i noticed previously, the multiple failures around 122-123 acted as the...
Hi Traders. In the previous Gold breakdown, i talked about potential rally back above the 1830 - 1870 range. For now, as price is holding above 1830, forming some really choppy consolidation. I wouldn't try to guess the short-term direction yet. But based on the the way it previously sold off from 1870 to 1807 (13th - 14th June), still managed to recover such a...
Hi Traders. If you pay close attention to 2016 & 2020 high, which are 102 - 103 areas. Price attempted really hard to break the 103 area, failed once, then now price again tried to rally above the previous high (105 - 106), still failed and formed a potential Double-Top. For now, the only level where i'll put my attention at is the 103 level. Once price finds...
Hi Traders. If you've been following my analysis, I've talked about multiple selling opportunities on Oil since 120, 119, and 116. If you've taken the advantage to squeeze in some short positions, you're in a quite a good position now. As price still shows Bearish signs, I do expect further downwards pressure possibly towards 115. However, if price pullbacks,...
Hi Traders. The Dows has been in a strong sell-off since December 2021. Most people have been asking 'where's the bottom?'. Personally, I won't really try to guess the bottom until price shows signs of a potential Bullish reversal. For now, as price is still showing lots of signs of a healthy downtrend, really wouldn't be surprise to see some further Bearish...