Hey hey: what's up my friends, so welcome back to this month's prize action analysis for the month of may 2021. So, let's dive in right! So for such videos, where what i do each and every month is i break down to you the trading opportunities that i'm seeing in the market and how i'm looking to trade them step by step. I talk about my thought process. My entries my exits.

My trade management, and so on so forth. I even share with you my winners and losers, which is what i'm gon na do right now. So let's get started so the first trade, or rather the first thing that i want to share with you - is a canadian against the japanese yen. This is a trade that i took about one week back, so let me explain to you know what happened so you can see that this market is a trending market market is in an uptrend, so let's say in an uptrend, okay, it's up, and at this point You can see the price has retraced towards this area of value.

This is a concept that i've been hammering right for years now, area of value value you can use things like support in an uptrend moving average swing low. So, in this case, the price came into this swing low in this uptrend right, so area of value. Okay, is this a swing low? Let's call it a s, swing right, swing, low and on top of it, this swing low. Has the confluence of the 50-day moving average, so i just pull it out.

Let you see so you can see that this market tested the 50-day moving average once twice and came back here for a third time, so i've two areas of value coming together. I call this a stack area, the swing low, plus the respected 50-day moving average and finally, what triggered or what got me into the trade. Was this bullish engulfing pattern, which is again there's nothing magical about this bullish engulfing pattern? Often traders are, you know, carried away, but hey rayner, you know, what's the most powerful candlestick pattern, which is the best one, there really isn't the best one. All a candlestick pattern does for me is to tell me hey rainer, it's time to enter a trade right.

Given that all the other market conditions are met, that's it it's just telling me when to enter a trade, so in this case you can see that the price right at one point open near the lows and then push and close near the highs of the day. This tells me that the buyers have stepped in now at this area of value and is closed higher for the day. So i enter on the next candle open right. That was simply where i entered the trade.

I have my stop loss 1atr below this lows. Around 85 dollars and my first target right on this trade is actually around 88 dollars just slightly before 88 around this around this level. Okay, so in this case the market has went in my favor and right now i have half the remaining position on to see how much of this trend i can further write towards the upside. So this is a trade canadian against the japanese yen and, of course, when i trade this type of uh trading strategy or setup, there are winners and there are losers.

So let me talk about the losers right now in case, you think that oh man reyna. This is the holy grail man. I'm gon na make a lot of money no right. So let me share with you a losing trade that uh that hit me recently.

So you can see again here. This is the chart of etsy. This is a stock right, so previously i shared with you was canadian against the japanese yen, so this one was a stock trade. I took back in march again.

The concept is the same: i'm trading in the direction of the trend, okay and from for this case, the area of value is at this previous swing high, which became support, support and we're back here at support again. So, let's call it support and in terms of entry trigger, i simply entered based on the rejection of lower prices. In this case, this looks something in between like a hammer and a dragonfly doji. The exact name is not important.

What's important is that i saw buyers coming at this area and helping to push the price up higher. How do i know that? Because if you look at this candle, if you interpret this the price opened over here, then the sellers quickly took control and pushed the price near this low of the day around 180. Then, finally, the buyers - you know they had enough that's enough right. They know they inject themselves with ton of steroids, and then you push the price all the way up higher closing near the highest of the day.

So this to me is a sign of strength. This candle over here is a sign of strength. It tells me that there are buyers stepping in right to push the price to close near the highest of the day. So with that said, i don't trade this in isolation, it's always within the context of the market.

The trend, the area of value which is which have met those conditions, so what i did is i entered on the next candle open, okay, next candle open, which is here, stop loss again, it's 180r below this low somewhere here. So at this point right, many traders will look at this chart and look at it. Oh man reyna. Look how horrible right your entry is when you enter right.

The next thing you know market has closed against you the next day and trust me. It happens. No matter how good you are, as a trader, you can't nail a perfect hundred percent entry with the market. Pure fly immediately to hit your target profit.

Sometimes it messes around with your emotions. It goes in your favor goes against. You goes in your favor. Go against you and then stop you out and that sucks okay, so don't expect you know a a fail proof.

Entry, no matter how good your entry looks right. The market will stir your emotions, i guarantee. So what happened is that you can see the next day market went against me and again i have my stop-loss in place, which is over here. It's already defined ahead of time.

So, even if the market moves against me, i know where i'm going to get out of the trade right. If you know it moves against me. So what happened next is that the market eventually went back in my favor, but for this trade right, my first target. Initially was at this 240 price point, so this is where i'm looking to take profit.

If the market moves in my favor for the first half of my position, so let's say i sell a thousand shares 500 shares right will be exited at this 240 price point. But what happened is that the market went in my favor and it started retracing pulling back okay, so let me share with you where i did not do well. So when it comes to my trade management, what usually i would have done i should have done. Is that i noticed that the swing high over here now has gotten lower.

This is now the new swing high. So this is now a level where potential selling pressure could come in and push the price lower, because this is now a swing. High swing, high swing, low support, resistance right these levels, all right form all the time. Okay, so that's why you have higher highs and higher lows in the market range market, because all these levels are continuously forming.

So if you are a trader, you should pay attention to the new levels that are being formed all the time. So again i didn't pay attention to this right. I was hoping that the market would eventually fill me at this high to get a better price, but then what happened? Is the market retraced against me, as you can see over here? In fact, it re-test this level another time, but again me. You know not wanting to to take the small profits.

Eventually the market went against. Me came back here again and giving me another bigger clue that you know hey. This is a bearish engulfing pattern? It's you know, it's conservative right to exit half your position right, forget about taking profit at this highs over here. You know, be conservative.

Take something off the table here. I didn't eventually. What happened is that the market reversed and then bomb right gotten me stopped out for a loss so had i paid attention to what the price action is telling me getting rejected numerous time at this swing high, this trade wouldn't be a loss of one hour. Probably would be just a break even because i said that existed half of my position in profit.

Let's say half the position were exited over here: okay, let's say half exited in profit of let's say: 0.8 r, for example, and the remaining half is a one hour loss. Okay. So this is plus point eight r, that's not is minus one now. So if you do the math right overall, the position, i should be a loss of about 0.1 r, 0.2 r at most again didn't happen for me, so this is a loss that i took and again just sharing with you the thought process from my entries.

All the way to exits and even the trade management, okay. So with that said right, let's move on and look at a couple of trading opportunities for this coming this coming week. First, one swiss franc against the japanese yen. So you can see over here this market again, it's in an uptrend series of higher highs and higher lows: higher low higher low higher low and higher low over here, that's quite a minor one.

So anyway, i am bullish on this market and where i'm looking at for trading opportunities, number one is at this one 1860 level. Looking for the market to pull back retrace into this area. Where previous support, i mean previous resistance resistance could become support and looking for a strong bullish, close back above it, okay, if we can get a bullish price rejection in the form of a hammer, a bullish, engulfing pattern, i'm looking to enter on the next candle open, Stop loss 180 below this low somewhere here target rise, all right, looking to exit half my position before this swing high, that is, for swiss franc against the japanese yen and, of course, when the market makes a pullback, it doesn't mean it has to pull back to The area to the level that you're looking at sometimes it could go to other levels, so another secondary level that i'm looking at is this swing low over here so from the looks of it on the daily timeframe, it might be difficult to time your entry, because It's a short distance right before it reaches this swing low on the daily time frame. So this way you can use multiple time frame analysis in your favor, like, for example, on a four hour time frame.

This swing low now becomes much more apparent now. This is like an area of support right on this four hour time frame. So what i'm looking for is for the price to pull back into this area of support right and give me a bullish price rejection price reject this area of support. Close back above support.

I'm looking to enter on the next candle open, stop loss again, we'll go one eight here below the low somewhere here, first possible target just before this swing high for my first target okay. So this is swiss franc against the japanese yen. So, moving on to stock, let me share with you one stock that i would say, is worth keeping a lookout for this coming month, so this is stock, uh, very cell corporation, so a little bit of a earnings background, so this stock has been beating earnings expectations. If you just click on this e over here, okay - not quite for this one here, uh this one here, this previous previous quarter beat earning expectations this one here so previous previous last three quarters and then the last four quarters as well the most recent quarter.

It didn't quite beat earning expectations and that kind of explain right, there's a pullback that you have seen over here, but still that doesn't mean that uh this stock is, you know, cannot be traded because if you look at it again from a technical standpoint, the trend - It's still towards the upside great, and where is the area of value again this one over here previous resistance, which could become support, support support, and we are back here now again. So i'm looking for a bullish price rejection for the price to come. Coming to this area of support, rejected and closed back up of support looking to buy on the next candle open, stop loss 180 are below the low. My first possible target will be again just before this swing high, so this is a trend.

Continuation trade right on this healthy trending stock that i'm looking at and by the way, if you've enjoyed no such market analysis right looking to trade in a direction of the trend, then you can check out right pro traders age. This is a service right that i offer on a month on a weekly basis. Each week you get a pro traders, each report, where i break down to you the best trending markets that i'm looking at right now and i share with you right my entries, my thought process: the. Why, behind the trades so similar to what you've just witnessed right.

Just that we are doing it on a more frequent basis on a weekly basis, and i cover much more trading opportunities right so for this video i covered with you too, but on a weekly basis, you can get anywhere between four to eight trading opportunities. Each week, then, you also get insights to a technical trade report from mr x. All right. The details over here basically can identify.

He helps you identify the key levels in the market, so you know which direction to trade where to enter your trade and stuff, like that, you also get access to my uh premium trading strategy guide so in other words, all the blog posts that you see on Trading with rainer, we convert it into a pdf file, so you can download and read them anytime. You want, plus you have access to the backtest research lab, so you know what works and what don't in the financial market. So again right. This is a pro trader search if you're interested to be part of this uh to be to get this membership i'll, put the link somewhere about this video and again there's a 30 day money back guarantee.

If you think it's not, for you feel free to, you know, ask for a refund we'll refund you every single cent. So with that said right hope you got some value out of this video. I will talk to you soon.