Posts

Strategy Guide for Head & Shoulders Reversal Pattern

This reversal pattern is one of the most powerful patterns, yet it is also surprisingly easy to spot.

If you want to avoid major market crashes, and learn how to buy near market bottoms, then you will definitely want to master this pattern!

Enjoy the video! 😀

Strategy Guide to Trading the Double Top/Bottom Reversal Chart Pattern

The double top and double bottom pattern is one of the most common chart reversal patterns, which can help you identify major market tops & bottoms.

In this video tutorial, I share 3 practical trading strategies you can use to profit from this pattern, and also some of the common “textbook” mistakes that new traders make when trying to tackle this chart pattern.

Enjoy the video! 😀

How to Read Price Charts in 15 Seconds

When looking at a chart, sometimes we have to make snap judgments, as any delay could result in price moving away from your ideal entry point, and resulting in you missing out on a good trade.

If you are using many indicators and complex software, it could take many minutes or even hours just to make a trading decision.

But there are a few simple clues you can look out for to allow you to quickly decide which is the highest probability direction to trade in.

Enjoy the video! 😀

How Much Buffer Should I Use for Stoploss?

When placing a stoploss, one of the biggest struggles traders face is deciding how much risk to take, and how much buffer to use.

If your stoploss it too wide, you end up increasing your risk too much. But if your stoploss is too tight, you end up getting stopped out even if you are right.

So what is the optimal balance in making this decision?

Enjoy the video! 😀

How to Combine Price Action with Multiple Timeframes

One of the simple yet powerful techniques I use to allow me to quickly identify trading opportunities with minimal time and effort (typically 15 minutes a day), is to use this Excel table which combines price action with multiple timeframes.

To create this table, I observe the daily and weekly charts of various products (forex, stocks, cryptocurrencies, commodities, etc), and list down whether I think it is bullish or bearish on each timeframe. For the weekly chart, I only need to update it once a week, and for the daily chart, this takes me a few minutes a day.

Here are some chart examples:

This is the daily chart of the EUR/USD, and you can see that it just completed a pullback and is looking bullish. So under EUR, I mark it as bullish. For most products, I always benchmark them against the USD for easy comparison.

 

This is the weekly chart of the EUR/USD, and you can see that it is also very bullish, and rebounding off a large trendline. With the alignment of both the daily and weekly trends, this make the EUR/USD a very good long trade to be in. And since the GBP is also weak, going long on the EUR/GBP is also a good idea.

 

For the S&P 500, the long-term trend is bullish, but the short-term trend is bearish. In such a scenario, we will pass and wait for more price action. The goal is to take the best trades, not take as many trades as possible. Quality over quantity.