How To PROFIT In An Unpredictable Market (it's easier than you think)

"we have a pretty high likelihood of this market continuing down and at least touching this level of structure"

"we know now that we have a downtrend we then get another pullback up we get a pullback down now in through here is what would confuse 90% of the traders they'd be like what does this mean it's this period of consolidation what do I need to do during this period of consolidation well that's a good question but what if I told you nothing what if I told you that right now we're actually still in an overall trend to the downside on the Eurodollar and the reason we know that is because we haven't broke and closed above this high and until we do so we know that we still have a statistical advantage for this market to continue down at least touching this level of structure before going higher and breaking above this resistance"

"we have a bias based on our daily chart analysis this top-down approach tells us that right now we should be looking for short trades"

"I do believe that we'll get a pullback possibly all the way down to this support level and initially at least down to this trendline"

"that tells me to look for short trades with targets somewhere around the 1.3 1.1 3 5 level"

"if we get a trading opportunity here somewhere then we could look at a trading opportunity to be something like this is that giving me a more than one to underscore ward yes what are we looking for here any type of entry reason guys it doesn't matter which one you pick because it's not going to it's not it's not like right now you need to be placing trades based on this this is analysis I'm doing and I'm sure about because of the amount of times I've tested in the market you need to do the same exact thing take this knowledge right the fact that we're in a downtrend on the daily chart and in a daily level resistance test that through historical data hundreds and hundreds of trades and see what the best it reaches to use our you can use anything from as simple as a color change where the market goes from green to red the candlesticks to a double top or double bottom to a price action pattern to a candlestick pattern it's completely up to you the kind of intreasions you use but doing the pre-emptive analysis the top-down analysis of looking at the daily chart can cancel out the noise and at least give you a bias to one direction so here on the one direction like the pant that's kind of funny here on the here on the chart of the euro dollar we know that based on our daily chart analysis we have a downtrend bias and that can be highly beneficial to our trading"

"we're expecting that move down to at least hit the trendline of this ascending wedge we're seeing off of this support level and possibly make it all the way down to around 112"

"we have a winning trade based on this exact approach here on this pair"

"now waiting to see if this market can continue to the downside"

"we expected the same thing from here as we pushed up into that level got an iteration on a smaller time frame we've already hit our first target at a one to one and the reason we decided to trade from this level is because it was our most previous level of resistance in this downtrend"

"what we want to see happen out of this pair is a continuation to the downside"

"we're expecting an trained continuation play a break below the support level in order to continue in that trend to the downside"

"what we can see that just happened is something called a reversal scenario we had a market pushing up pushing down pushing up pushing down pushing up and then we get this big reversal and the push up what do you think we're expecting now now we're expecting I'll go ahead an actually draw some horizontal lines on the chart this market to come up to what levels it just broke this is one of the levels it's just broke and this is one of the levels of just broke"

"we're sitting at a previous level of support that was broken here on the dollar yen what are we expecting from this level trend continuation"

"if we get a little bit higher then we'll be looking at 109 points one a point excuse me I'd stumbled all around that 109 point nine six we'll be looking there for shorting opportunities as well"

"those are the two places we'll be looking for shorting opportunities on the dollar yen that's what we're expecting on this payers changing situation to the downside either from 108 point seven three excuse me one of the eight point seven six or 109 point nine six"

"we're looking right here and right in here what it means that when this market gets up to zero point zero point seven one seven one that's an area we're looking for a shorting opportunity out of the Aussie dollar when we get up to zero point seven two to nine that's another area we're looking for shorting opportunities"

"this actually puts me into a downtrend it's not just a reversal anymore or a possible reversal situation now it's a significant downtrend in a significant downtrend what are we looking at remember we pushed down to here we're looking here for possible trading opportunities and up here at resistance"

"we're waiting on a pullback if we get a pullback we'll look for a pullback to this level and directly after hitting this level that's where we're gonna be looking at for possible trading opportunities that level is around 0.99 even"