Hey Guys! As you guys know, I took a long entry yesterday at at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925. However, last night I aborted the entire short entry at 0.6798 for 15m short strength was kicking back in . Moreover, the daily bias for the time being is still long in my opinion. However, the nzdusd's daily bias is changing its...
Hey Guys! Wild markets! As you guys know, I aborted the previous short entry 2 days ago for a small profit and just took a long entry several minutes ago at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925. This video explains the reasoning behind this long entry as well as key trade management I plan to implement. Again, there is volatility in...
Hey Guys! The Gbpusd Weekly chart formed a Fake Double Top last year which reached its target height level last week. Indicating strong weekly short strength at least to a monthly upward trendline at 1.2247. Considering this is on the weekly chart, a set up like this is quite rare. So although I will be trading through biases long or short like usual, I much...
Hey Guys! I just aborted the entire Nzd\usd short position at 0.6790. The details are in the video. So check it out! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Hey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 114.40 before reaching 133.68. In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. That's it! I'll keep...
Hey Guys! The current daily bias on the Nzd/usd is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6924. So I enter a short entry at 0.6850 on Thursday with a stop loss at 0.6924 and its main target at 0.6720. In this video, I explain the reasoning behind the short entry as well as future trade management of this trade. That's it!...
Hey Guys! The world markets are on a wild ride at the moment. With urgent news being released by the day. Traders around the world are trying to guess the next fundamental news to be released and further guess how the markets will react. The world markets become a huge guessing game arena.... Now, that's fine if that's your cup of tea. The adrenaline rush or...
Hey Guys! I just wanted to post a quick tutorial on how to find legitimate Head and Shoulder patterns. In this lesson, I explain the 5 rules that a Head and Shoulders pattern must abide for it to be legitimate. Here's the rules: #1 Both necklines must be parallel. #2 The main neckline cannot be broken out of surpassed before the right shoulder's price level...
Hey Guys! There was no long strength kicking back in on the gbpusd, thus I did not take the long entry. Moreover, the weekly bias's main stop loss level was reached, thus the weekly bias is back to neutral. In this video I explain, the reasoning for not taking this long entry as well as why the weekly bias has changed into short. That's it! I'll keep you guys...
Hey Guys! When it comes to price patterns, there are many. I mean, look up "price patterns for trading" on google and you'll find countless variations. Just like in the movie "A Beautiful Mind", where Russel Crowe's character locates patterns in Russian Codes; a price action trader, can find endless variations of patterns on their charts. However, these...
Hey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 . In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. That's it! I'll keep...
Hey Guys! As you guys know the current weekly bias is still long. Or in other words, price is likely to reach 1.3750 before reaching 1.3163. In this video I explain the current set ups I'm looking at for this long entry, as well as what has been happening on this pair for the last couple of weeks. Remember! I will be requiring short term long strength to kick...
Hey Guys! I just wanted to post a quick tutorial on how to find legitimate double tops and bottoms. In this lesson, I explain the 4 rules that a double top/bottom must abide for it to be legitimate. So for example: For a legitimate double bottom: #1 The 2nd bottom's price must reach the 1st bottom's wick low price level. #2 The 2nd bottom's price cannot...
Hey Guys! Just wanted to post a quick lesson on "How to Draw Legitimate Trendlines". In this lesson, I explain the 3 rules that must be applied for a trendline to be legitimate. 1.) Trendline's attachment points must be on the wicks of a candle. Not the body of a candles. 2.) There must be at least 3 contact points on a trendline for it to become...
Hey Guys! I know price action trading can be somewhat a mysterious and confusing style of trading. So I just wanted to jot down the basic characteristics of price action trading to help clarify this ambiguous trading style. #1 Price action trading only uses price action to make trading decisions. No indicators, fundamental analysis, intermarket analysis, etc......
Hey Guys! As you guys know the current weekly bias is long. Or in other words, price is likely to reach 1.3750 before reaching 1.3163. In this video I explain the current set ups I'm looking at for this long entry, as well as what has been happening on this pair for the last couple of weeks. That's it! I'll keep you guys updated! Have a great...
Hey Guys! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 . In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. Moreover, I review how I have been trading...
Hey Guys! As you guys know I aborted 2 short entries on the NZD/USD pair yesterday to minimize my losses. In this lesson, I'll explain how I knew to abort the short entries early by reading 1 minute price action and thus minimize the loss. Enjoy! Have a great day! Ken