Home Trading Strategies The 10 must-see charts for March…

The 10 must-see charts for March…

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The 10 must-see charts for March…

okay so I’m done with the slight flu so if you hear me coughing here and there in this video right do i do apologize in advance so anyway back to this week’s market analysis since this is the first week of the month what I like to do is to give you a bird’s eye view of what’s going on in the different sectors of the financial markets will cover Forex bonds commodities indices and etc so I kind of know equip you with you know what’s going on in the market so you know you you chat with your friends and you talk I can make you sound you know a little smarter alright so with that’s it the first market will look at this euro dollar so look at this market I would say you know this market is in an uptrend if you you know have difficulty defining the trend just pull out the 200ma and tell yourself right if the market if the price is above the 200ma this line over here then your bias should be towards the long side and trust me right more often than not you will be on the correct side of the market and for those of you who are price action traders who like you know to analyze the structure of the markets you just zoom out right and you can see that euro dollar pretty much in a range for a good couple of years then it finally broke out in the second half of 2017 it retest the previous resistance resistance ten support then it continued to make higher highs higher lows till where it is right now so generally debt has been that is a price section of euro dollar over the last few years and last week right I would say there was a valid set up to go long right if you look at euro dollar this is actually a area of support okay the market tested this resistance got rejected him and came down into this area of support right so then notice the price we tested this lows and this lows and then it finally closed higher so you can see that know why is this a valid set up to cool long right this is what I call a false brick where the market does a false breakdown and any close are you so the reason is quite simple right as the market break down of this loss and this load there will be traders who are looking to cochon was noting right at one point in time the market is quite bearish as you know the bearish candle wall is still forming it’s you know closing lower near this lows and it might appear that hey the market is finally going to break down and then what happens the market suddenly reverse right because you know buying pressures dependent push the price closing near the heights so this tells you that those traders who are shot who are shot in the lows over here and here they are now pretty much trapped right if you’re shot and a market go against you right you are in the rain okay so this is how you can actually take advantage of the traders who are shot to break down all right so you could have gotten long right on the open up this next Kendall and you know set your stops or I give you some distance away from this low right possibly somewhere here all right so then you know how you can manage this stretch this trader is to see if the market and retest back this highs over here right there’s a area of resistance this swing high so if you wanna take things a step further okay and because if you notice right on the weekly timeframe right the market is still you know in an uptrend is forming someone for a build up over here so that’s actually a good chance then this market can break out of the highs and continue trading higher so how can you know better manage this straight so there are a few ways you can go about it my share with you my take on or under the approach that works best for me so since you know I’m long over here right and I know this is an area of a resistance what I’ll do is says the market mix traits higher right I’ll trim my stop-loss right now on a daily timeframe using the previous candle look so the market rates higher to retire at rates higher then closes below this previous candle low it closes let’s say here I’ll look to exit half my position I’ll take half my position off and this after the market has you know closed below the previous day look now you might be wondering raining what about the other half right the other half I will choose to hold it why because as you’ve seen on a weekly timeframe the market is consolidating forming a build up over here so if the trend does continue if it does break out higher I could still you know be in for another move higher so I want to hold the remaining half to see if the market can break out of this highs right so I will not adjust my initial stop-loss which is somewhere here I’ll not adjust it until the market either bricks out of this highs right or it’s gonna hit my stop-loss so this is a slightly more advanced right but the reason why I do this is because of the higher time frame structure the trend is still up and there is a build up a potential bill updates being form that could potentially push the market above this highs over here so this is my take on euro dollar I’m still bullish I’m long on this and you know we’ll see how this one plays up for pound dollar right let’s have a look similar to euro dollar the price section but you can tell that it’s not as strong right because you’ve noticed the price rejection right this can go over here it’s relatively small right so needless to say if you have stuck right you wanna choose between two long euro dollar or pound dollar I hope right euro dollar is the one that you go along with because it’s a stronger market to start with right so pound dollar similar to the hero dollar heavily having a look at Aussie dollar right this one over here the market seems to be minor let’s zoom on and see where we are right more still in a very long term range but that’s not to say that there is no set up to to trade right this over here the 77 it’s a level to watch for but again right there is no price injection to trade off right market seems to be we’re not consolidating one two candle so again nothing for me over here no doubt the market long-term Moyes is still in the range looking in dollar Canadian there could be something here this coming week okay dollar Canadian right we are seeing that this market pretty much right approaching this area of resistance so again right how old I would look to trade it is that that could be a potential you know Falls break again market rates higher and any smash down lower closes lower and then you know traders who along the break of the highs on our trip so this is a possibility all right on the dollar Canadian having a look at the dollar yen as well so dollar yen I also can see that dollar weakness right when the dollar yen is within this range over here broke below this area of support this one over here retrace and then continue trading lower note it’s not as smooth as it seemed right you can see that actually there is a lower lower prices then in market try to stage another rally before it collapse lower so it’s a you can see that it’s someone like a em shape something like that right but no doubt right now the buyers the trend is still towards the downside for dollar yen and another FX market I want to talk about that I don’t talk about often is the dollar against the Chinese you because I wanna talk about this is because there is another potential training set up on this so if you look at a big picture a weekly timeframe you can see that this market right the sell-off over the last of the one two years has been pretty strong the trend is towards the downside right this portion over here the market trading lower so you look at the daily or at the price section it’s even clearer right zoom out a little bit you can see that right now the market is still you know making consistent ly lower highs and lower lows right lower lows so your bias is should be twisted outside so what I’m looking for is said for this market right notice that it’s forming somewhat of a consolidation over here within here right so if the market can come down lower consolidate and break down there’s a good chance that you can see a follow-through on the dollar against the Chinese yen so I’m again right bearish on this right and to see if there’s a there is a nice setup right to shot this market towards the downside I think if it breaks and closed below this low that’s a possibility we could see lower prices on the dollar against the Chinese yen so this one of the more prominent trends in the FX markets of today so that’s pretty much it for the major currency pairs right moving on let’s have a look at the indices shall we so SNP right I think a lot of you are pretty much watching what the stock markets are doing so as you can see volatility has picked up right I mean you don’t even need to you know use any indicator just look at the previous range of this bars over here they’re all relatively small right if you just took a ruler you measure the height ramiz like point 1 point 2 cm and then you compare it to this period over here notice that the volatility the range of the candles are getting wider and wider so this tells you that volatility has picked up and you know previously you might get away with tight stop-loss because after all the market is trending higher and stop-loss right if he’s trending higher year long you could still be in the move but in market conditions like this trading of a tight stop loss is good it’s asking for you to get no decimated right mark it just swings up and swings down your stops will get hit easily so my take on the SMP is there what’s my take right how does a Rainer get his bias right 200ma the market is still above it so my bias is still long but at this point in time this market is pretty much in the middle of nowhere it’s a middle of the range so I don’t want to be trading when the market is in the middle of the range because if you think about this where am I going to set my stop loss right if I’m long then I don’t want to you know put it just below this logos can just swing down and you know trade higher right I should technically give it some buffer right somewhere below the look so I would go long over here my stop-loss is here so this is you know pretty done white right and from a risk/reward standpoint where I would sell us potentially coming I’ll say over here or maybe even here so again right from a risk to reward standpoint right this is a the type of trainer I don’t really wish to take because the market the price is in the middle of nowhere right so a better way to you know wait for your setup is again for the market to come to your level and where is the level I’m looking at now see this level is 2500 level they’re about 25 20 or it’s a much better level to look for a long setup because you can have a tighter stop-loss to trade off okay so this is for the S&P 500 and I would I believe right most of the other indices right now have very similar price action you look at a nice day right swing up swing down look at the Russell 2000 swing up swing down prices in no-man’s land so this is the type of setup or rather the type of market condition that I would stay out right and let the market know you know whip up and down right you know stop all the other traders up when it comes to my level then I’ll look to get involved again so training is as much as knowing when to look for trading opportunities and doing when to stay out and the indices right now if you ask me it’s the time that I will stay out okay moving on right to the bond market so I look at a ten-year Treasury bond so again very straightforward right in fact you look at this chart it’s a somewhat similar to two dollar yen or even the dollar against the Chinese yet right the trend is down broke below this area of support I can see right this area of support at the 122 level right broke below it consolidate and then traded lower retest right previous support turn resistance and then continue it’s move lower so again bias is towards the short side and the trend is relatively strong right you pull out your 20 ami right the price is still you know consolidating below it so again how can you you know hop on what right friends like this right so clearly you can see that the market forming a little bit of build up over here so you can form a build up right it breaks down right I’ll say this would be you know a good opportunity for you to do short right looking someone like a descending triangle as well right so this uh is a possibility to create the 10-year Treasury note right bias is towards the downside how about crude oil so crude oil okay so you can see that crude oil again right the trend is towards the upside but just like the SMP 500 right prices in the middle of nowhere so I’ll run it comes to a more favorable level where I can trade off like this 61 62 level over here but nonetheless my bias is still towards the upside and another market is a goal okay goal right so cool if you look at this right similar to the price action of Aussie dollar because after all they are quite quite positively correlated they are in a range long term range okay and goal as you can see price did come down lower triggering down this lows and any close higher on Friday very similar price action to euro dollar the only difference right if you ask me is the big picture right whereas euro dollar is in a nice uptrend on a weekly timeframe for gold is still pretty much under this area of resistance okay so whether it can break above this area of resistance right I can predict right the only thing you know you can do is you know to to put on a trade manager risk and let the market you know reward you okay so this is for goal right again there was a possible set up on the Thursday right where there is a false break right but whether you can break above the highs again write your guess is as good as mine okay so that is for gold long-term is in the range as well so yeah right that’s all I have for you in this week’s market analysis so so just a quick recap right for the forex market euro dollar right bullish pound dollar similar price action bullish Aussie dollar is pretty much flat dollar Canadian right now this one out see I’m pretty much neutral on this as well but there was a potential false brick setup and they could appear at this area of resistance on dollar Canadian dollar yen and the dollar CNY both are bearish okay what else did we talk about the bond right bond markets bearish we also spoke about the crude oil Brent crude oil there is a bullish but I don’t have a need to set up at this point time and goal I’ll say also pretty much neutral at this point in time neutral let’s call it equal or a neutral neutral equal whatever okay so yeah all right that’s all I have for you in this week’s video if you have any feedback man just let me know below and I’ll get back to you and the interesting thing is I didn’t coffin this view so I’m puzzled I’m a little bit surprised by it as well okay so with that said right I’ll talk to you soon you

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