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TRADING TIP OF THE DAY

DaddyPapi  in #Technical analysis #Trader's blog #Trader Contest #Trading Losses
TRADING TIP OF THE DAY - HOW TO HANDLE TRADING LOSSES
Losses are an inevitable “necessary evil” when it comes to trading. These can either be the result of an overlooked technical factor or simply one of those trades that just don’t work out. The best thing to do is to simply go over the trade in detail and examine which of these is the reason for the loss.
The benefit of Swing Trading is that you have more time in between trades to objectively analyze the trade and regain your composure before…
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Constant Review, Analysis, Practice

DaddyPapi  in #Technical analysis #Trader's blog #Charts #Trade Example #Practice
Practice, Practice and more Practice. With the dynamic nature of this market, our interpretation of the market can change each day. In recent days, a few of my analyses of some pairs have been changed when I realized that there was something that was missed or another way of looking at the same patterns. This is why I always clean my charts each day to start over a fresh. Sometimes within the first few seconds I will see something different that leads me to a different conclusion.
Supporting th…
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AUD NZD - Continuing Uptrend or Sharp Double Top Reversal ?

DaddyPapi  in #Technical analysis #Trader's blog #Double Top #Video Analysis #Uptrend Line #Downtrend Lines

This pair is at an interesting crossroads. It is still in an Uptrend that formed from the sharp rally above the Inner Downtrend Line, which was started by a set of Double Bottoms. On the other hand, it has now stalled at an Outer Downtrend Line and is giving early signs of a Double Top formation that would break the Uptrend Line.
Overall, this pair has been in a very strong Downtrend since 2011. It has formed several Downtrend Lines in the process which means that this rally may only be tempora…
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USD JPY Resuming Breakout after hitting Breakout Equivalent

DaddyPapi  in #Technical analysis #Trader's blog #Consolidation #Breakouts #USD JPY #Forecasts #AUD NZD #NZD CHF #Breakout Equivalent
The USD JPY has now given us a strong Bullish Signal on its Daily Chart that looks set to continue the sharp gains in favour of the Greenback. This signal came after a brief pause in what is actually a Consolidation Breakout from a Large Pennant Setup on that time frame. As such, we can expect this breakout to last for a few weeks heading towards the end of June. As profitable these Breakouts can be, that pause that took place reflects a common Technical Factor that is often overlooked when deal…
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