AMAZON Continuation Correction for the buy
Hello traders:
Looking at AMZN now for further upside potential.
We see that strong bullish impulse up, and price being to form the larger deeper correction.
This is a good sign for continuation for the price, as we see the structure develops into a triangle/pennant after seeing a bullish push up.
I see 2 scenarios for the buy, either price can break out now and form continuation on the LTF to push higher
or
Price correctively push down once more to the lows of the correction, and reverse up from that point.
Thank you
Impulse
TESLA Is it time to buy now ?
Hello traders:
Tesla has dropped down quite a bit since last month, and the question is, is it time for the bullish price action to start now ?
We see the latest price has dropped down from a continuation correction, but failed to form further LTF correction to push the price lower.
Instead what we get is a reversal impulse up from the price, could indicate the first bullish momentum to come in.
Wait to see if we get LTF continuation correction to formed here,
and an inverse Head and Shoulder pattern to give us further confluence to look for a buy from here.
thank you
XLMUSD Expecting the next bullish run
Hello traders:
Stellar has fall into a deeper correction since the previous strong bullish impulsive phrase.
Now that price has formed this descending channel structure, we can expect the next bullish run to begin very soon.
Let the price corrects itself within. and wait for the bullish breakout confirmation, followed by LTF continuation correction would be ideal for the next buy.
Thank you
BTCBIDR - Long Position - Second Entry (17/03/2020)My previous mistake is not waiting impulse to happen first.
Using the similar approach from my previous setup, linked below.
BITCOIN Deeper Correction before the next long term buy
Hello everyone:
I haven't update bitcoin for a while since the last bearish move down where I sold my previous hold position.
Now that the price developed more on the lower time frame, its show a bit more structure now.
We can see price did broke the all time high briefly, before a short lower time frame impulse out of the ascending channel.
Latest price action on the LTF show a continuation correction in the making.
What I expect is to see short term bearish move down to the previous low area, formed a deeper correctional structure, and reverse from the bottom to continue the bullish trend that we have seen.
Personally not into the short term sell, but certainly has potential to the downside.
IF we get see price move down to the previous lows and form reversal price action from the bottom, then that's would be very good bullish continuation entry to get in.
Thank you
CARDANO Dont miss the next bullish continuationCARDANO Dont miss the next bullish continuation
Hi traders:
Looking at ADA for the next bullish run to the upside.
We can see price has pushed up very impulsively, and many LTF continuation correction formed to give us the buy entries.
Now that price hit the all time high, and begin its consolidations, it give us a good confirmation that a continuation correction is likely to form.
Latest price action shows a potential completion of this pennant/triangle like structure, ready to break out now.
Wait for LTF impulse and continuation correction to look for buy. Once price breaks all time highs, then look for further scale in opportunity to go.
Thank you
Expanding Structures/Patterns in Price Action AnalysisHello everyone:
Welcome back to another price action structures/pattern educational video.
Today I want to discuss the expanding structure that I always see in the market.
These structures/patterns are a bit more advanced, as they are not so clear on whether it's a continuation or a reversal correction.
Lets dig into some typical forms that I always see in the market, and discuss the possible opportunities we can get from them.
Expanding structure can come in all sorts of sizes and shapes.
They are not the typical channel, flag, pennant/triangle, Head and Shoulder that we usually encounter.
The key here is to identify them and observe if we are going to get trend continuations, or trend reversal after the correction finished.
Any questions, comments or feedback welcome to let me know below.
I will include all other types of price action structures/corrections that I have discussed in the past below, for everyone’s references.
Thank you
Jojo
Impulse VS Correction
Continuation and Reversal Correction
Multi-time frame analysis
Continuation Bull/Bear Flag
Reversal Ascending/Descending Channel
Reversal Double Top/Bottom
Reversal Head & Shoulder Pattern
Reversal “M” and “W” style pattern
Reversal Impulse Price Action
AUDCAD Look for continuation correction here
Hello everyone:
Paying attention to AUDCAD's price action for further bearish move to the downside.
Price finally broke out of the HTF rising wedge, and a sharp bearish impulse to push the price down.
The latest price is forming yet another bearish continuation correction wedge, and it can give us further selling opportunities once correction is over.
BE patient and wait for confirmed breakout form the correction to give us the entry down the the next lows.
thank you
AUDUSD – SHORT (LONG THERM TRADE) ENTRY PRICE - 0.78000The Bearish Wolfe Wave Pattern has been completed. Last impulse to the North has been exhausted. A strong South impulse has been appeared. It’s time to sell this pair as the long term trade!
AUDUSD – SHORT (LONG THERM TRADE)
ENTRY PRICE - 0.78000
SL - 0.81850
TP1 - 0.71600
TP2- 0.65900
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Weekly Trading Recap: GOLD, AUDCAD, EURNZD March 13th 2021Hello everyone:
Welcome back to this week’s trading recap video. I took 3 trades this week, and 2 are still running profits.
Let's take a look at them and see my approach on entry, SL, TP and management.
GOLD - Took BE
Full analysis/forecast:
AUDCAD - Currently running about 2:1 profit.
Full analysis/forecast:
EURNZD - Currently running about 1:1 profit.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
I will always do a weekly trading outlook live stream at the beginning of each week to discuss any potential opportunities ahead in the markets. :)
Thank you
Jojo
USDJPY Detail Outlook
Hi traders:
I wanted to share my thoughts on USDJPY's current price action.
We did indeed see a strong breakout from the descending channel structure, and price impulsively push up to the top.
This is all align with my analysis for long term bullish outlook. The latest price is looking like it will forming further LTF bullish correction to move the price higher.
However, based on experiences and backtesting, since the price is getting close to the top of the HTF structure now, its best for our risk management to wait and see if price can break above the HTF structure completely.
Then, we can look for LTF continuation correction to get in the on the long term buy.
Patient is key :)
Thank you
PLATINUM continue the buys
Hello traders:
Looking at XPT for long term continuation buys.
We see price has already reverse up impulsively from the previous bearish move down due Covid.
Latest price has already broke above the previous swing highs impulsively, good signs for further bullish momentum.
Wait for LTF continuation correction to form nd complete and look for the buys
Thank you
GBPNZD Sell form the top, again
Hello everyone:
GBPNZD is once again at the top of its HTF continuation structure, and there is good price action forming to give us another sell opportunity.
We see from the previous sell setup that price failed to break out the HTF channel, and made another move up.
This is simply an indication the HTF structure isn't finishing correcting at that time, and we likely to get another move up before the reversal.
Latest price shows us a price moves up to the top and form a double tops, "M" style reversal structure forming.
Wait for price to breakout of the LTF ascending channel, and look for continuation correction to sell.
Thank you
OIL Look for bearish price action to sell
Hello traders:
OIL is also on my watchlist for potential sell opportunity.
We can see price has been moving up pretty impulsively from the bottom, and continue to push up.
What we see from the latest price action is after a bullish impulse up, price did not form further bullish continuations.
Instead, it begin to form a more corrective price action, hinting a potential reversal may come in.
We see the latest price had a false breakout on the HTF double tops area, and quickly had a bearish reversal impulse right back down
I would still wait for bearish continuation correction to form on the lower time frame and completes before getting in on the sell.
Thank you
AUDUSD Look for bearish continuation
Hello traders:
Paying close attention to AUDUSD for the sell setups.
We see price has reached to the top of the HTF wedge structure, and a strong reversal impulse to push the price down.
Naturally after a strong impulse phrase, the market will be correcting, and we are seeing exactly that.
I would wait for this LTF correction to complete, and look for the sell entry down to the previous lows as a first TP, then look for further bearish price action to sell.
Thank you
NZDCHF Watch for Reversal Bearish Price Action
Hello everyone:
NZD pairs across the boards can have the bearish reversal, and NZDCHF certainly is looking very clean for further downside.
We see price managed to break above the pervious swing highs on the higher time frame, but quick reverse down with a bearish impulsive on the LTF.
This is indicating a false breakout, and strong bearish momentum is coming into the market.
Latest price is showing us a LTF continuation flag/channel structure, very good indication for further downside opportunities.
Look for correction to complete and get in on the sell
Thank you
GOLD don't miss this buy from the bottom
Hi traders:
I have been talking about GOLD for quite sometimes now in my live streams market updates.
We finally see price move down to the bottom of the HTF flag/channel structure in a corrective price action.
This descending channel/fallen wedge could be the first sign of the lower time frame reversal price action.
Latest price showed a breakout form that fallen wedge, so I would wait for clear LTF continuation correction to form and complete and get in the on the buy.
Thank you
DOGE Get Ready for the next bullish run
Hi everyone:
Keeping close watch on DOGEUSD for the next bullish price action to buy.
We see price had a strong bullish push up, follow by a deep correction.
As we can see price isn't moving up and down too much, good indications that its in a corrective phrase for the previous bull momentum.
Latest price showed a lower time frame breakout follow by small continuation out of the large structure, good for further bullish potential.
Wait for another LTF correction to form and complete for the buy
Thank you
Trading Strategies and Style - Price Action Analysis
Hello everyone:
Recently I have many newcomers/subscribers/followers on my various channels and platforms, so I want to make this video to summarize what exactly are my strategies and style in trading.
It's important to understand everyone trades differently, and different styles and strategies.
What's more important is to understand if the strategies and style work for you and you only as a trader.
Does a typical style/strategy satisfy your vision in trading ?
Does the risk/reward make sense to you as a trader ?
Does the trading plan and management sound feasible and realistic to you ?
Do you have the right mindset and emotion when it comes to trading these types of strategies and style ?
These are the questions to think about when you are serious about trading.
So, let's take a look into how I trade and what are the key important aspects that I look for in trading.
-Price Action Analysis
-Impulse VS Correction
-Continuation VS Reversal Correction/Structure
-Multi time frame analysis (top down approach)
-Risk Management (3:1 RR)
-Trading Psychology (Mindset and emotion) (FOMO, Revenge Trading, Over Leverage Trading)
As always, any questions, comments or feedback welcome to let me know.
Thank you
Jojo
EURCAD Look for bullish reversal from the bottom
Hello traders:
Looking at EURCAD for the strong bullish price action to reverse.
We see price has been in a deeper consolidation since the last HTF bullish impulse. Price started to from that channel/flag structure, correcting the price.
Latest price action has once again reach the bottom, and looking like a bullish flag/channel is about to finish, and we can expect the next bullish impulse from the lower time frame.
I would be patient and wait for some sort of LTF reversal correction to form, and a strong bullish impulse to confirm the buy entry.
Thank you
Weekly Trading Recap: UC, EN, CJ, AJ, UM, US30, Mar 6th 2021Hello everyone:
Welcome back to my weekly trading recap video. This week I have several trades resulting in Break Even, let's take a look at these trades and what my approaches are as well.
EURNZD -
First Trade : Break Even
Second Trade - Break Even
Full analysis/forecast:
USDCAD - Break Even
Full analysis/forecast:
CADJPY - Break Even
Full analysis/forecast:
AUDJPY - Break Even
Full analysis/forecast:
USDMXN - (-1%)
Full analysis/forecast:
US30 (DOW) - (-0.69%)
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
EVGN: Leading Expanding Diagonal? Looks attractive to me!A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price breaks out bullish thru the current structure I think we will be in for a treat. All in all, seems like a solid play. I'll be looking for buy setups from now till exhaustion is seen on the 5th wave of the cycle.
What are your views on EVGN? Solid biotech pick, or a meme stonk?
Thanks for looking, and I'm looking forward to others opinions! Trade safely!