Pattern
Microsoft -> A Long Term Double Top?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap.
🧠Emotional Log
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**Pre-Trade**
I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take.
**During Trade**
My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing.
**Post-Trade**
I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
Nifty 50 Analysis based on price actionAnalysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the market and levels it would break. Volume played special role today in breaking the support zone. Price stayed range bound until 1300 hours and then a sharp fall was seen. Expecting a Gap up on Monday with atleast 70 to 80 point and then another reversal.
Can there be more $USD strength coming up ? Price Action Is Key
Few USD pairs to watch out for the next few days and weeks.
Remember the difference between having a bias, and confirmation for entry.
We can have a bias of a possible pair, but do not enter trades unless they are confirmed by price action.
DXY
EURUSD
USDCAD
AUDUSD
GBPUSD
2/13/2023 Upcoming SPY and Market diveIn this Video I discuss upcoming events quickly, then dive into the weekly analysis of the SPY ETF which is a good proxy for the S&P500 that is often a tell on general market movements. We also discuss some recession indicators, and some pattern analysis. Also dont Forget CPI is released on the 15th.
You can jump to the below links and hit the play from the dates submitted and it will play out the bars from publishing until now. I will keep this going so we can follow outcomes to analysis!
Rectangle Pattern In EUR/CAD With Tutorial On How To Trade It Rectangle pattern Consists of
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside
EURCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURCHF
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD London Open trading with simple M & W pattern only GBPUSD London Open trading with simple M & W pattern only
Hello, Welcome to today's 1H session, I look forward to post every day my progress testing this system out.. Trading 1H everyday with just 1H pattern signal.
Result so far!
1st week- 5% drawdown (5 loss)
2nd week- 2% drawdown (1win (3r))
EURUSD - Trend-Following Setup in action!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
How the higher time frames help you to avoid unnecessary losses Hello everyone:
Today I want to discuss the importance of higher time frame analysis.
Doesn't matter what type of trading strategy, method or style you use,
the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go.
In addition, it helps traders to avoid unnecessary losses and mediocre entries that will eat up your profits.
More often I hear traders will execute trades on the lower time frames, and not factor the overall higher time frame bias and perspective.
Although entering on the smaller time frame can potentially give you more Risk:Reward, it's often more risky and trades can easily reverse, then hit the stop loss.
This often creates stress, negativity, and revenge trading psychology for traders which ended up blowing accounts.
I want to give a few examples of higher time frame analysis, how they can help traders to avoid “traps” on the lower time frames, avoid unnecessary losses, and keep the emotion at bay to trade another day.
When having a bullish bias on the HTFs, its good risk management to not consider any short term, bearish sell setups.
These sell setups may form on the LTFs, but they can easily not continue to your desired target, and reverse up before you have time to react.
In addition, traders hate to see profit come and go.
So if a trader has a short position running in some profit, but decides to hold onto the trade, and once the position reverses, traders don't want to exit, and then end up holding a losing position to its SL.
Examples:
AUDUSD:
HTF: Overall bias and perspective in bullish
LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses
NZDUSD:
HTF: Overall bias and perspective in bullish
LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses
AUDCHF:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
NZDCHF:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
NZDCAD:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
SILVER:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
Weekly Trade Recap: NZDJPY, NZDUSD, GBPJPY 05-28-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
NZDUSD: Closed down for +0.51% profit
Full analysis/forecast:
NZDJPY: Out for BE
Full analysis/forecast:
GBPJPY: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Weekly Trade Recap: EURJPY, SILVER 05-22-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
EURJPY: Out for BE
Full analysis/forecast:
SILVER: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Learning This Pattern Will Change Your Trading Forever.I trade from a strictly fundamental standpoint. The reason that 95% of traders are failing is because they are simply looking at a chart. The catalysts behind the movements of the chart and the why behind what's going happening on the charts is the news. Technical Analysis can only be applied properly once you have an objective, data based bias on the market.
I call this pattern the market maker news pattern.
Depending on whether or not it is a bullish or bearish day, this pattern can be found all over the charts on any given week.
It happens on every chart.
When you understand the why behind this pattern and can recognize it while it is happening, you will be able to catch massive moves in the market that happen very quickly.
I hope this helps you grab a billion points and pips!
Blessings to you and your trading!