Ep 167 Xmas new year and the JPY
Ep167 Xmas New Year and the JPY.
This whole series of videos is designed to be like a giant training series like something you might get of Udemy with a major difference I use a live chart and put a level on the chart that I expect price to retrace too. Then one week later after the chart has been created, I do an autopsy on what happened during the week. It doesn’t matter how old the video is you are training your eyes on what to look for on live charts.
It is important to keep in mind the higher time frames particularly the weekly chart. So, over the last few weeks some traders are asking why isn’t my strategy working? Simple answer the markets had changed.
All strategies work just not all the time. My system relies on market cyclicity on at least the H4 chart. Therefore, if there is nothing there just sit and wait. The cyclicity will return.
I also talk about the JPY crosses and how the last 2 or 3 candles of the H4 chart are the same across all the JPY crosses weekly. How do you trade that? No idea. Have a look at the charts for yourself.
This channel is here to show you the truth behind the chart movement. Forex charts are unpredictable and often surprise you, as you can see from my previous videos. Sometimes they follow your plan, sometimes they don’t. What I show you in the charts is not a strategy, but a way of analysing and understanding forex charts.
I would love to hear your feedback and questions on this episode. These videos are made on live forex charts so you can learn how to look at the right-hand side of the chart and wait for the price to reach your level. This channel is here to help you simplify your understanding of chart movement thereby allowing you to apply your strategy to find an entry. If you enjoy my content, please like, share, subscribe and tell your friends about this channel.
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