Asian equities were trading mixed on Monday after a nervous last week which saw wild swings in global equities and emerging market currencies. News that officials from Beijing are heading to the U.S. on Wednesday to restart trade negotiations is likely to provide some stability, however don’t expect much to the upside as these talks are considered low level and won’t likely translate into immediate decisions. If these talks were fruitful, it should at least delay the implementation of U.S. tariffs on an additional $16 billion in Chinese imports.
A wave of selling hit the commodities space yesterday as worries about escalating tensions between the US and Turkey soured investors’ mood across financial markets. Crude oil and gold prices fell alongside the MSCI Emerging Markets stock index – which suffered the largest one-day drop in five months – as well as the broader S&P 500 benchmark.
There are three types of market momentum or lack thereof.
Uptrend: Higher highs and higher lows
Downtrend: Lower highs and lower lows
Range: Sideways movement
A market that’s in an uptrend is carving higher highs and higher lows.
Notice how each swing point is higher than the last. You want to be a buyer during bullish momentum such as this If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it covers my price action trading strategies that i use to trade the market.the strategies are easy, simple and very profitable. to get your copy , click on the link in bio or send me a private message.
📆 August is one of the hardest trading months.. why? It really tests your discipline. August has always been one of the slowest months out of the year for trading in general So how are you handling it this week so far? Forcing trades that aren’t there or protecting your cap and sitting on your hands until the prime opportunity comes up??? #ItsACryptoWalletNotAJUUL
Today I did something different! Usually, I would trade in London or New York Session but I wanted to try out trading in Tokyo Session which starts at 5 pm PST. I wanted to know the amount of movement that happens in this session 🙌 👊
7 582 hours ago
When you are with your girlfriend !!!!
112 20803 days ago
How to use price action to determine a market’s trend:
The following chart has the swing highs and lows marked in both an uptrend and a downtrend. Price on a given time frame is in an uptrend if it is making a higher highs (HH) and higher lows (HL) and in a downtrend if it is making lower highs (LH) and lower lows (LL). If price is doing anything else, it is in a consolidation pattern – range, triangle, pennant, rectangle etc.
The trend is considered in place until price is no longer making higher highs and higher lows in an uptrend or lower highs and lower lows in a downtrend. After a trend is broken, there is usually a period of consolidation that is easier to see on a lower time frame. With practice, you will be able to visualize this going on without looking at the lower time frame.
If you want to learn how to trade the market the right way, i highly recommend you purchase your copy of the candlestick trading bible while it is still available.the ebook is 168 pages, and it covers my price action trading strategies that i use to trade the market.the strategies are easy, simple and very profitable. to get your copy , click on the link in bio or send me a private message.