Hey Guys! I aborted all short entries at 0.6720 due to short term long strength kicking back in! I'll see what happens from here! Ken Disclaimer: This is not Personal Financial Advice.
Hey Guys! The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732. As you guys know I took a short entry on last Friday at 0.6722 with a stop loss at 0.6732. with the main target at 0.6592. Today I took a 2nd short entry at 0.6715 with the same risk parameters as the initial short entry. But remember! Due...
Hey Guys! As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731. So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being. In this Price action lesson, I just wanted to briefly explain how I read price...
Hey Guys! The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732. So I took a short entry at 0.6722 with a stop loss at 0.6732. The main target is at 0.6592, however, due this daily short bias being a little shaky, I may take targets early at the first sign of impeding short term long strength. Again, this...
Hey Guys! I'm still waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3748 for a Long Entry. On the last post I mentioned that if price reaches the 4h trendline break back in pivot low, I can expect some short strength. However, at the next pivot low a " 1M v-shape recovery" formed and price regained...
Hey Guys! Due to 1h weakening of long strength. I aborted the counter bias long entry and simultaneously entered a short position at 131.50 with the stop loss at 133.68 and the main target at 114. 40. That's it! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Hi again guys! I just took a counter bias trade long at 131.16 with a stop loss at 130.87. The target, due to this being a counter bias trade, will be decided on short term price action . If there are any signs of short strength on the lower time frames, I will abort this counter bias entry. Ok Guys! Have a great day! Ken Disclaimer: This is not Personal...
Hey Guys! I just aborted all 3 short positions due to possible 1m extreme long strength kicking back in. However the weekly bias remains short for the time being, and am planning to re-enter short after a pullback and long strength begins to wane. That's it! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Hey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to...
Hey Guys! I'm still waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3748 for a Long Entry. Like I mentioned in my previous post, there were no signs of long strength on the price rise up on the left side of the chart, thus as expected, we got a small pullback down. (Remember! Just because price goes...
Hey Guys! Like I mentioned yesterday, I took a 3rd short entry on the Eur/Jpy with the same risk parameters as the previous 2 short entries with stop losses at 133.68 and the main target at 114. 40 Again, I took this 3rd short entry due to 5M extreme short term short strength like I mentioned I will be doing in the last post. I'll keep you guys up to...
Hey Guys! As you guys know I currently have 2 short entries at 131.67-70 levels with both stop losses at 133.68 and the main target at 114. 40 . Upon my 2nd entry, due to the failure of long strength retaining its pivot low, long strength began to kick back in with a recovery of price back to the 1h minor pivot high. Then furthermore, a 1h upward trendline...
Hey Guys! As you guys know, last Friday I took a Short Entry at 131.67 with a stop loss at 133.68 and the main target at 114. 40 . 2 hours ago, I took another short entry at 131.70 with the same risk parameters. The reason for the 2nd entry short was due to short term short strength coming back in . As you can see on the chart, first there was a 1m fake...
Hey Guys! I took a Short Entry at 131.67 with a stop loss at 133.68 and the main target at 114. 40. As you know in my last update, I was talking about short term long strength coming back in, but yesterday, price began to give mixed signals. I was expecting a possible nfp range however, I got an nfp wild price action situation.( Price commonly gives mixed...
Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . Here's an update! On the left side of the chart this was consistently short term short strength confirmed by upward trendlines break outs and no immediate breaks back in. ( No---! For I want long strength...
Hey Guys! There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change. Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break...
Hey Guys! When it comes to the ideal mental state during trading, at a basic level, you want to be present to what's happening now and "not" project out into the future nor the past. This is due to the logical reason that current price is more valuable than past price (in terms of the future direction of price) and moreover, future price is undecided. But it...
Hey Guys! Here's a simple explanation of Price Action Trading! In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like...