Hey, what's up my friends, so welcome back to this month's price action analysis, where i break down to you the best trading opportunities that i'm seeing in the market. So right now and explain to you step by step my thought process where i'm looking to enter trade. My winners, my losers and much more so nothing is going to be based on hindsight. It's all going to be trading in real time charts.

You will see losers, you will see winners and i explain it all in this video over here. So, let's get started so the first thing that i want to talk about is platinum. This is a trait that i believe right. We have covered in previous months market analysis and let me walk you through the thought process to why i got long on platinum and how i'm managing the trade.

So if you look at platinum at this point in time, this market is in an uptrend right. It forms a series of higher highs and higher lows, higher lows: higher lows, higher lows and over here higher lows: re-testing back this previous swing high, all resistance which could become support. Then it came into this area of value, as you have seen over here. That's the first thing.

Second thing: first thing is the trend. Second thing is the area of value, and the third thing that we have is an entry trigger, so you can see that over here the price came into this area of value which is uh support, and then you got rejected on this candle over here. So what i did is that i simply went along using a buy, stop order above this high. So this means right if the price that makes the open opens up and it breaks above the previously high, i will automatically get into the trade, and why did i do that? It's very simple because, based on my market research, i realized that platinum is a market right that has a trending behavior.

So this means that whenever platinum, it breaks above the previous day high or breaks below the previous day low, it tends to have a follow through. It tends to have momentum right with that movement right based on the back test, uh data that i have so with that in mind. If the, if this market, or rather, if platinum, can break above the previous day high, i will be looking to enter this market, which i did so again bear in mind. I'm not just blindly placing buy stock orders above the previously high or sell stock order below the previous day low.

I have a set of criteria that i look for, okay, so in this case the price did break above the previous day high, and i got entered long on this candle here. So my stop-loss was, or is one atr below this low somewhere about here, and my first possible target is just before this swing high right to exit half my position before this swing high and this trade isn't the easiest trade, though, because you can see that it Went in my favor consolidate and then start reversing against me. So as of right now, it's still pretty much uh near my entry price slightly higher, so it's still kind of like no in no man's land. So how am i managing this trade? So when i look at this trade, i realize that okay, now this uh previous the swing load that i look at right is that uh, it's no longer the nearest swing load.

Now the nearest swingload to me is this point over here, which the market has formed. Recently and my stop-loss is still at the same location somewhere about here, so my plan is that if the price were to reach this nearest swing, high sorry swing high. This swing high over here i will manually exit, half my position and then to hold the remaining half and to right to see if the trend can continue in my direction. This is the way i'm managing this particular trade.

So it's kind of like a combination between trend following and swing trading, all right. So this is how i'm looking to manage this uh platinum trade. So another trade that i took is uh the 30-year treasury bond same story. If you look at the daily time frame of this market, it is in a downtrend right, massive downtrend and one of the things that traders would look like.

Is that look at this hey rayna? You know you know if you're selling, if you're shorting this market right now man you're shorting into this area of support. I get it right, because that is a dilemma that i had right in my early years of training. You know i was like a hardcore support resistance trader. I only buy and support star resistance.

I would never, you know, shot into support, etc, but, as i kind of like grow and mature as a trader, i realize that by doing so right it actually hurts my trading result, because if you look at this chart objectively, i'm just going to zoom in a Little bit, if you look at this chart and if you look at the recent area of support, if you look at a recent swing low, what happened well, this is one major one over here. This area of support price broke below it re-test and then hit down lower. Then, if you have this minor swing, low price broke it another minor swing, low price broke below it, minus swing, low, broke below it and right now it retraces heading down lower again. So what are the odds of this swing, low or area of support likely to hold? So, if you ask me my bet, is you know to predict that it's likely to break down? So with that in mind, i look for a trading opportunity right to trade.

Alongside this downtrend, so the trading opportunity coming the eight hour time frame. If you look at this chart, this is an area of value over here where previous support right or swing low here, which became resistance and then resistance over here, don't ask me: why is looked up higher? It's just like a error in my drawing and if you overlay with the 50ma, it also serves as a nice confluence factor over here, tested once uh almost twice over here, almost a third time here and right now over here again. So again, you have this area with the 50 period, moving average surfing acting as confluence, so the entry trigger is very simple. It could be something as simple as a bearish price rejection.

It could be like a bearish engulfing pattern which you see over here and over here. Sorry, it should be this one here. Okay, so again, i hope now you also see the reason why i always set my stop-loss a distance away from price structure, because if you look at this over here at this point in time, okay bearish engulfing pattern - i would say: that's a valid entry trigger to Go short and if you put your stop loss just above this highs, what's going to happen in this case, you can see that the market spiked up higher on this candle, you get stopped out, stopped down and then it reversed down lower. So ask yourself: how many times has this happened to you, and this could be prevented right by just setting your stops away from this obvious price structure? Give your trade more breathing room, don't set your stop loss just above resistance above the swing high or just below, support or just below the swing load, because there's a good chance.

The market could just spike below it, hit your stop loss along with other traders and then reverse back in the opposite direction. Okay, so this is the a trade that i went short on. This uh bearish engulfing pattern again first target just before this swing low, almost reaching it we'll see how this one plays out and then i'm going to hold the remaining half of my position right and see if the market can uh move in my favor okay. So just a couple of trades to share with you in the top process behind it.

So now, let's have a look at you know, trading opportunities for this coming week. So first thing to share: is the euro dollar? I would say it's a market worth keeping a lookout euro dollar. So if you look at the daily time frame, you can see that euro dollar has recently broke below this key area of support. This area of support over here right price broke below.

It tried to reclaim it. The buyers tried to fight stay above it, but couldn't eventually give way and sellers pushed the price and held the price lower below support. So now, as a price action trader, where do you want to be shorting this market? I'm sure you don't shop blindly in the middle of nowhere, so again look for an area of value. In this case, we went down to a lower time frame like the eight hour time frame and the area of value that i'm seeing over here around the 119 area.

So we're looking for the price to re-test back this with previous swing low, which could become resistance or swing high and looking for selling opportunities here it could be something as simple as a form of a shooting star. Something like that right. Looking to when that happens can go short on the next candle open, stop. Loss 180 are above this highest target just before this swing low over here and by the way.

Whatever i'm sharing is just for educational purposes, whether you make money lose money. It's all your responsibility, t okay, so this is one right: euro dollar one thing to share with you another market to share with you: it's uh, the dollar, the us dollar, against the same dollar, so very interesting setup. So this one you can see over here. If i just zoom out a little bit on the daily timeframe, this market has been in the sustained downtrend for almost the entire 2020 from here all the way down.

Downtrend and recently we saw that the price has broke above this area of resistance. This one here right price broke out of it and consolidated. So now i'm starting to see signs of strength, i'm starting to see that hey! You know this could be the start of a new bullish uptrend. This could be the start of a new bullish up trend.

Of course anything can happen in the market, so this is why i want to manage my trade manage my risk accordingly. So right now, since the price has broken above this area of resistance, i am bullish on this market and i'm looking for a low risk entry to enter a trade and to do that on the eight hour time frame you can see. This is an area of value, that's worth keeping a lookout if the price could come down, lower, re-test this previous area of support and then reject close bullish feedback above it could be the form of a hammer like this. Okay, i'm looking to buy on the next candle open, stop loss 180 here below this lows, first target just before this area of resistance here, okay, and if with the remaining half of my position that i'm still on, i would hold it and see if this could Be the start of a new uptrend if the price could you know, let's say it comes down, feel me at the lows of support.

I is it half the position here to see whether i can hold the position and write this start of a new uptrend. So this is a potential. You know, i would say, a one to five or even one, to ten risk to reward on the trade. You know risking a dollar to make potentially five dollars or more so definitely a trade worth keeping a lookout for and finally or one last thing to share with you is a stock that is a worth looking.

Fcx freeport freeport mcmoran. So this is a stock bullish. Can see this uptrend series of higher highs and higher lows, and what i like about this is that this stock has came into this area of value previous a swing high which acted as a support support, and then it came below it. And then you know reverse back above support once again, so you can see over here in this candle it's back above support again.

So this is a sign of strength, bullish, price rejection. I went long actually on the next day, open a limit order at 32 dollars. I got filled right now. The price is near break even or slightly against me somewhere about here.

Stop loss again, one atr below this lows and target first target right just before this swing high over here. So again, i'm on this trade could be a winner could be a loser, never know. So what i'll do is i'll just manage my risk. Even if it moves against me, i make sure they know.

I don't lose more than one percent of my trading account and for those of you who look at fundamentals who looks at you know, news and earnings this particular stock right for the last three quarters. It has beat expectations you can see over here earning surprise towards the upside. That's why it's green here, green as well, and here green as well, so again, not a solicitation for you to buy this stock immediately, but just sharing sharing with you my thought process for educational purposes and again, if you want to learn more about such a trading Methodology, price action trading and whatnot, then hey, you know just go down to this link over here. Price action trading secrets get a copy of this book price action trading secrets.

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