In our new weekly series, we’re reviewing a top live trade from one of our senior members ‘Itayi’, who crushed the USDJPY for +115 pips and a +11R return. His trade never went into the negative and jumped straight into profit.
In this trading video, I review his forex trade, including his entry, stop loss, take profit and how he held the trade for a larger runner.
What do you work on to improve your trading skills and become a more profitable trader each day? I’m willing to bet the majority of you are not doing this. And what I’m referring to is a secret most professional traders and elite athletes know.
What is this one thing you’re missing if you’re not making money trading and won’t become profitable. But the key isn’t just knowing what this secret is, but making sure you put it into balance.
In today’s video, I talk about something that is dominating everything you do in trading, including why you struggle for consistency and profitability in trading.
Every single week for our traders and price action course members, we do a weekly market analysis, going over the price action, trend analysis, key support and resistance levels, along with potential trade ideas.
In this week’s video, my top trader and student (Sascha G) is going over his price action analysis on gold and the ASX 200 index.
If you’d like to see a weekly analysis like this every week, make sure to subscribe to our youtube channel, and hit the like button as it really helps us out.
And don’t forget to give Sascha a shout out for the good work.
Get a FREE practice forex trading account:
– For EU/UK residents go to this link
– For Non-EU residents go to this link
Want to get my Price Action Course for FREE? Click on the link to find out how here.
⏰TIMESTAMPS⏰
0:54 – Sascha covering Gold and how he wants to trade it
1:12 – Gold running into a key resistance zone from 2012
1:54 – Where Sascha is looking for a potential pullback and long trade setup
3:24 – ASX 200 as one of our top trade ideas of 2019
3:45 – Monthly chart showing the major resistance zone
4:54 – Potential pullback levels in the ASX 200
Hello Traders – every single week, I do a weekly coaching session with my traders and students in our price action course. We cover everything from trade ideas we posted during the week, trade setups I’m looking at, trading psychology, price action – anything my students have questions on.
In this week’s video, I’m sharing with you several clips from our weekly trader coaching session along with trades that I’m looking to do in the next week.
Get a FREE practice forex trading account:
– For EU/UK residents visit this link: http://go.xtbaffiliates.com/visit/?bt…
– For Non-EU residents visit this link: http://go.xtbaffiliates.com/visit/?bt…
Want to get my Price Action Course for FREE? Click here to find out how: https://dev2ndskies.wpengine.com/xtb/
⏰TIMESTAMPS⏰
1:53 – when trading intraday and only forex majors, do I need to take into account this?
2:09 – if trading intraday, you need to know volatility for each forex pair
3:33 – to get funded by me, what kind of a live track should I have and how much capital?
4:50 – how do you know if your meditation session has been effective?
7:23 – when trading in a corrective structure, should we only have a neutral bias in the price action?
9:25 – is ichimoku cloud trading something totally different from trading price action?
11:08 – NZDJPY (forex pair) trade ideas and price action analysis
15:48 – GBPCHF (forex pair) trade ideas and price action analysis
18:07 – WTI Oil trade ideas and price action analysis
The forex market is now experiencing something it hasn’t done in over 20 years, and for some pairs, never in their history. Yes, the market is always changing and in flux. One thing that is always changing is volatility, and we’re experiencing one of the most massive changes in volatility over the last few decades.
This will have a massive impact upon how you trade the forex market, whether you’re a day trader or swing trader, it doesn’t matter. You have to know what these changes are, and how to adapt to them. In today’s trading video, I’m going to explain these changes, and how you can profit from them.
Do you want a FREE practice trading account?
Make sure to sign up via our preferred multi-asset platform below (certain country restrictions apply): https://dev2ndskies.wpengine.com/xtb-demo/
Want to get my Price Action Course for FREE? Click here to find out how: https://dev2ndskies.wpengine.com/xtb/
The carry trade strategy: https://www.investopedia.com/carry-tr…
⏰TIMESTAMPS⏰
1:10 – The Average True Range (ATR) and why this is important
2:18 – The lowest level of volatility ever for this forex pair
6:15 – Central banks are changing rates in a way never done before
7:13 – What is the carry trade and why does this matter for your trading?
9:33 – When volatility gets depressed like this, this often happens…
10:33 – Day Traders can adjust their targets like this…
11:33 – Swing Traders will want to change their trading strategy like this…
12:20 – How to change the instruments you trade for more profit
One of the most important trading, technical and price action skills you’ll need in forex trading, stock trading or trading any major market, is the ability to draw and find key support and resistance levels and zones. Make no mistake, this is a trading ‘skill’ you’ll need to build.
One of the biggest questions I get is “how do I draw and find support and resistance on my chart?”
In today’s free trading lesson, I’m going to share with you 5 tips on how to draw support and resistance so you can learn to find the best levels for your trading.
Do you want a FREE practice trading account?
Make sure to sign up via our preferred multi-asset platform below (certain country restrictions apply): https://dev2ndskies.wpengine.com/xtb-demo/
Want to get my Price Action Course for FREE? Click here to find out how: https://dev2ndskies.wpengine.com/xtb/
⏰TIMESTAMPS⏰
0:50 – Support and resistance levels without the price action context is…
2:17 – why you want to draw the most important levels (and not go cray-cray with your s/r levels)
4:03 – do you draw your support and resistance levels using the wicks, or the bodies of the candles?
6:27 – why you need to think of support and resistance in a different way
9:59 – levels respected in this way will always be much stronger
Today I’m sharing a few trade setups that I’m watching right now and looking to trade this week. I’m looking at one bank stock, one stock market index and the USD index. I’m sharing with you the exact price action skills I use to find trade setups every day, along with the key support and resistance levels I’m watching, trend analysis and bias.
If you want to get access to trade ideas like this, then check out my price action course where we offer market analysis and trade ideas 4x per week.
Get a FREE practice trading account:
– For EU/UK residents click here
– For Non-EU residents click here
Want to get my Price Action Course for FREE? Click here to find out how
⏰TIMESTAMPS⏰
0:28 – Kospi Index – playing the key price action structure
2:07 – Watching an important channel in the USD index
4:36 – SBER (Russian Bank Stock) in a great trend
6:54 – Learn how to get access to more trade setups (members only)
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#stocktrading #2ndskiesforex #forextrading #tradesetups
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Twitter: https://twitter.com/2ndSkiesForex
All traders want their trades to immediately go either into profit towards their target in a b-line, or towards their stop loss. The time is what kills most beginning/intermediate traders who are struggling to be profitable because it creates all this indecision.
In today’s video, I’m going to share with you how beginning and professional traders manage their trades as I share with you two live trades I’m in right now that have turned out completely differently than the other.
Get a FREE practice forex trading account:
– For EU/UK residents click here
– For Non-EU residents click here
Want to get my Price Action Course for FREE? Click here to find out how
⏰TIMESTAMPS⏰
1:10 – what every beginning trader wants their trades to look like
2:50 – negativity bias and how this affects your trading
3:46 – getting out of trades too early
4:45 – how professional traders manage their trades
6:00 – why you need to work on your trading mindset
7:18 – what you’ll have to do to manage your trades
A big question up for debate in the forex trading world is how much should you risk per trade. This is an important question because if you risk too much, you can blow up your account, while risking too little means you’re not getting enough profit out of each trade. The key is to find the right amount.
How much should you risk per trade? First you’ll need a few statistics which we talk about in our latest video. Learn about the 3 statistics you’ll need to find your ideal amount to risk per trade so you can get the maximum profit out of your trading.
FREE Risk of Ruin Calculator: https://dev2ndskies.wpengine.com/risk-of-rui…
⏰TIMESTAMPS⏰
1:57 – What is your baseline/accuracy, etc.
2:21 – What is your avg. +R per trade?
3:06 – Check the Risk of Ruin (RoR) Tables
4:19 – Trading Accuracy will always be in flux
5:01 – Giving yourself a buffer
In our new youtube series, we’ll be answering questions from the trading community covering various topics such as trading strategies, how to trade the forex market, risk management, trading psychology and how to build a winning mindset.
If you’ve struggled with any aspects of this in your trading, then make sure to post a comment as we might feature your comment in the next video.
In this week’s video, we’re answering a question from Dennis who asked that since we don’t trade confirmation price action signals, how do we choose our price to get in and what methods do we employ?
Dennis also talked about some trading situations such as:
-price coming 1 pip from our entry and taking off towards our target
-price creating a false break, stopping us out and then going to our target
He wanted to know how we manage all these uncertainties.
Has this ever happened to you?
If so, then make sure to watch this forex trading video and leave a comment to get your question asked in the next video.