Hey hey: what's up my friends, so welcome back to this month's price action analysis and to kick things off. I want to share with you uh euro canadian. This is actually a market right that i miss a trading opportunity right. So let me just walk you through what happened and how i actually missed this trade over here.

So if you look at this market on the daily time frame, you can see that euro canadian is pretty much in a downtrend, okay and uh. I was looking for selling opportunities right since this market is in a downtrend, i'm looking to sell very simple market downtrend sell market uptrend, look for buying opportunities, so on the on the eight hour time frame right, i saw this okay. This is what i saw. I noticed that the price is at this area of resistance, this area of value, and then it formed this bearish price rejection, otherwise known as a shooting star.

So this right pretty much meets the criteria of my trading setup and another thing that i would like to add is that the price you can see that this orange line over here has retested the previous week high one thing to note about euro canadian is a It's a currency pair that tends to reverse at the previous week, high or low, not always right, but there's a good chance right that it could reverse at the previous week high or low. This is just kind of like one of the statistical behavior of euro canadian. Okay, so having all these uh kind of factors in play right this to me is a trading setup that i want to take over and over again right price is in a downtrend. It's at resistance is, at the previous week high and i've valid entry trigger to go with short.

So what happened is that i place a sell limit order, okay, somewhere about here my sell limit order because i'm a cheap skate right. I don't want to pay the market price somewhere about here and the market. Just didn't. You know, reach my sell limit of the order right and the next thing i know the market.

Just pretty much has you know, went in my favor and yeah just kind of missed this potential winning trade over here. This would probably be a gain of about one hour. If you ask me, my stop-loss was actually about here this level here and three-point was here, and then the target is just before this. This swing low, this area of support over here so yeah, just a trade uh to share with you that i've missed.

So with that said right, let me share with you some other trading opportunities that i'm looking at right now, and hopefully you don't miss them yourself, so the next one i want to share is a euro swiss franc. This is a trading setup that is again right. Similar to the euro, canadian one, if you look at the daily timeframe, this market is in a downtrend as well, so in the downtrend. What do we do we buy and i'm just kidding we sell, we look for selling opportunities and on a daily timeframe.

Sometimes it can be difficult to pinpoint an entry point because the candle right - it's uh, it encompasses, you, know 24 hours of price action, and you can see that it's not clear. You know where the area of value is so. This is where we can go down to a lower time frame like there, for example, eight hour time frame the four over time frame to help us. You know fine tune our entry, so looking at the eight hour time frame, you can see that now the uh, the price section of the markets right, the area of value - is clearer.

This is now the area of resistance. This is where again, i'm looking for selling opportunities so looking for the market to make a pullback into this area of resistance and then give me a entry trigger to go short. It could be a bearish engulfing pattern. It could be a shooting star pattern which you've seen earlier so the price to quickly collapse back into this range, looking to short on the next candle open, but me usually being a cheapskate.

I actually have a cell limit order. You know 5 10 pips above the opening price of the candle, stop atr above the highest and possible target again just before this swing low. So that's just kind of like a trading setup that i love to trade over and over again. So one of this uh - you can look back over here.

This one is another valid one right so notice how this market is in range. It goes up, gives you a bearish engulfing pattern. A false break can go to ghost shot on next candle open target just before this swing low, so that is a kind of uh on hindsight right. This is a winning trade, but this is kind of like the concepts which i've just shared with you earlier.

So moving on right, let's have a look at the stock markets. Shall we so look in the stock markets right? This is the s p 500. Daily time frame. You can see that this market, it's in an uptrend right, there's no reason to be shorting.

The stock markets or whatsoever because you can see that it is bullish. I know that there's a lot of you know news fundamentals out there that doesn't warrant such bullishness, but hey. We are traders, we trade, what we see not what we think. So if the price is going up, we could look for buying opportunities, and at this point you can see that the market over the last two days has made a slight pullback.

It could pull back further because again, if you look at the historical price section of the s p 500, all right it can. You know, pull back over here here here here here and a small ones along the way. So it's not surprising right to see if the market makes a pullback of like 10 15, it's kind of like the realm of normality. Okay, so when the s p, 500 makes a pullback i'm looking for buying opportunities on stock, and i don't just want to buy any random stocks, i want to buy strong stocks stocks which are in an uptrend and showing signs of strength.

So let me just walk you through a couple of stocks that i'm looking at so first one to share with you is this stock called end tab right? It's the stock ticker. So where are you my little end tab, yeah here? Okay, so ntep? You can see that again, this stock, all right pretty much in an uptrend series of higher highs, high higher lows right and if you look at the one thing about stock markets, you can see how the stock is performing right relative to its earnings report. So you can see that over here is green. This means that it has beat earnings expectations.

That's why it's green another green one over here beats earning expectations over the last two quarter. Last three quarter last four quarters, so this stock is clearly right. You know it's a in terms of earnings right. It is holding up pretty well technical, wise, it's in a nice up trend.

So again, i'm looking for buying opportunities. So a couple of ways we can trade this stock. First one is a pretty straightforward. We can look for a simple breakout, all right, a break and close above this uh.

This resistance right to go long and then we can have a trailing, stop loss to trail or stop loss and to see if we can write the trend on this stock. That's kind of like the first setup, buying a breakout and then trailing a stop loss, and if you want to learn how to trail a stop-loss one very simple ways you can use the average true range indicator. So this over here, this blue one over here is the we call it the chandelier crosstalk, which takes into account the volatility of this stock and then to help you trail your stop loss. So this is eight atr from the highest eight atr.

So it's basically the current atr, multiple current atr value. You multiply that by eight right. Okay, that's uh. Let's say the value is x.

So let's say from this highs right you let's say the highest is y. Your minus x gives you, let's say p whatever right. So this blue line over here is p. This is how it kind of the concept behind it right.

So, basically from here, all the way down to here is 8 atr right, that's kind of like the uh, the buffer that we are giving this stock to. We don't go up and down yeah, so of course, 8 atr could be a wide stop loss for many traders. If you want to reduce it, you can use like you know, 680 or five hdr, depending on the type of trends that you want to capture. So this is more of capturing a long-term trend and the beauty of you know using such a longer term trend following approach.

Is that you just kind of like sit back and do nothing and let the the stock the training not play out itself. So it's kind of like very passive way to trade in it's easier or more for most people, especially if you have a full-time job yeah. So this is uh. The first talk, i'm looking at net app, okay, so potential breakout opportunity.

Alternatively, right, this stock could also make a pullback towards this area of value, this area of support, so you could come back down, give you a bullish price rejection and close it back above support, so it can look in the form of like a hammer like this. Can go along on the next candle open right. You can go with a trailing stop block, so you can set your stop loss again, a distance below this low somewhere about here and again, it's up to you whether you want to capture a trend or you know just to capture one swing. If you want to capture a swing, then potential target not just before this - this swing high, okay, so that's the first stock, i'm looking at another one, i'm looking at is our inmd, which is over here, okay.

So this talk again, it is uh bullish. You can see that this stock is in an uptrend. You can see that it has consistently beat earnings expectations over the last three four quarters. Right, as you can see, it's all green color.

If it didn't beat earnings expectations, this will be red color. So let me just see if we have a red one like this one: didn't earnings expectations? Okay, so this is just kind of like a simple fundamental overlay to help you. You know, filter for higher probability, stock trading setups. So for this stock right, if you overlay the 50m, you can see that it's respecting the 50 period moving average as well.

Alright, just at once twice three four five, six, seven eight right so again, uh this over here is where i'm looking for potential buying opportunity around the 88.50 right. This is where it comes into this uh. This swing low, with the confluence of this 50 period, moving average, so looking for bullish price rejection, looking into again, you can buy again on the next candle open, stops a distance below this low and possible swing right. You can exit below before this swing high over.

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