Hi Traders. In this workshop I'll be running through some of the common pullback error where I see most Traders repeatedly make over and over again. If you're someone who enjoys trading the continuation/ momentum-type setup, make sure you watch the entire workshop closely. Hope you'll learn something from it.
Hi Traders. If you've been following my analysis, I've been talking about some short-term quick short setups, and most of them actually succeed, mainly was because of the flexibility we had, and I clearly knew that If I'm looking to go against this kind of strong trend, I need to set my expectation clear. So yesterday after the CPI released, price had a bit of...
Hi Traders. GBPJPY has been relatively in a choppy condition recently. How do I define a choppy market? If when the price movement is not directional, and its constantly crossing above and below the 50ema & 200ema on the 4h chart. But I personally will still be favouring short setups mainly because price is still forming lower highs on the higher...
Hi Traders. If you've watched yesterday's analysis on EURJPY, I talked about multiple scenarios. 1. If price breaks below 137.20 showing more Bearish momentum, it could be a sign of continuation. 2. If price rejects 137.20, do not try to shift your bias too soon yet, because when price is in a downtrend, any resistance structure is still a value area to join the...
Hi Traders. Just a recap of some of my trades today on USDJPY & XAUUSD (Gold) for about +2.71R. 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. About two days ago, I talked about potential selling opportunities at 139, with 137.20 as our target. If you've followed the plan, I believe our target has been met. For now, the main reason why I think that the selling pressure is going to resume, is the way price consolidates around 137.20 - 137.50 support structure. When the market is in a...
Hi Traders. If you still remember, about a month ago i talked about potential selling opportunity at 123-124, which turned out to be the exact turning point. As Oil is still relatively in a healthy downtrend, the only level I will be focusing is the 95 key support level. If price breaks below 95, possibly more selling pressure. If price holds and reject 95,...
Hi Traders. This is the video edition of yesterday's workshop. I genuinely believe this is one of the very important topic that we MUST all learn - identifying the distinct differences between trading VS gambling. Recap Most Traders put way too much attention on indicators. Indicators are supposed to assist us with our decision making process, but if at any...
Hi Traders. Yesterday I actually talked about some selling opportunities at 139, if you followed the plan I believe you're in a decent short position with over 150pips floating. For now, as price cleared off the 138 key daily support level, I do expect further downside. Pay attention to the current range, once price breaks below 137.20, I believe there'd be more...
Hi Traders. USDJPY again surprised me, broke through all-time-high, was expecting some of the previous daily resistance structure to hold, but price decided to again just run through. Because of this, I really wouldn't really to bet on aggressive shorts, and I will be playing rather conservatively. If you're looking for some short-term selling opportunities,...
Hi Traders. Gold has been in a relatively strong short-term downtrend since the breakdown below 1790 structure. For the past few trading days, I've been trying to avoid putting too much attention on Gold merely due to the current choppiness. Price Action's looking choppy, doesn't have any clear directional bias in the short-term. So, for now it's better for us...
Most Traders put way too much attention on indicators. Indicators are supposed to assist us with our decision making process, but if at any point you feel like some of the indicators are burdening OR paralyzing the way you make effective decision, then its probably time for you to eliminate them, At certain of your trading journey, you'll need to focus on...
Hi Traders. If you've been following my analysis, for the past 1-2 weeks I've been calling some selling opportunities on EURJPY. 144, 142, etc... all these are levels where I previously shorted it as well. As now price is showing some pullback, the biggest reason why I've stopped selling temporarily is the way price rejected 137 key daily support. I'll be...
Hi Traders. GBPUSD has been in a very healthy sort of long-term downtrend, price has been in a plummet since 2021 May, and yet its still ongoing till date. I've been personally trying to catch some short-term bounce previously, and frankly I got hurt trying to bet on some short-term bounce trade. In this case, I believe following the sells could be more of a...
Hi Traders. It's been awhile since I last updated on Bitcoin. Bitcoin has dropped from 69k now down to 20k (17k was the recent low), the big question is, are we near the bottom yet? I personally do not think so. The main reason is because I do not see huge portion of buyers giving up yet. One simple concept you need to understand, is how to Bigger Players/...
Most of the retail Traders are mainly day trading. And one of the trickiest part about short-term trading, is the amount of screen time we're putting in VS the amount of action we're taking. On most days, i spend about 12-15 hours everyday sitting infront of the chart. only 15 - 30 mins of them are spent on clicking the buy & sell buttons. So if you do the math ...
HI Traders. Gold has been in a relatively strong sellers' market, and the momentum really began since the break below 1810. If you've been following my analysis along, i've been mentioning 1810 is a key structure to hold, once its broken below, we can expect more selling pressure to step in. For now, I personally won't be looking to take any action yet, mainly...
Hi Traders. Recap back in early to mid June, I've been talking about selling opportunities on Oil as price continuously failed at the 123 key daily resistance area multiple times. Then the strong sell-off basically validated the whole plan, afterwards I talked about more sells around 119, 116, etc... As for now, if you simply compare the sellers V buyers...