Live: How to read market structure
In the webinar today I went through how to trade without EMAs and read market structure which is very essential to know what a particular pair in FX is essentially doing. Is it in a downtrend, uptrend, or just going sideways? This has helped me a lot over the past year, allowing me to avoid many losers and catch some very good trades.
I showed you how to use this method in the current markets, specifically when things are slow on the higher timeframes. I would suggest using the 4HR timeframe as you can spot some very clean trends and the market structure is a lot cleaner. Using the charts without the EMAs clears your doubts about a lot of things in the chart and makes the tecnicals a lot more clearer. You can add the EMAs afterwards to check if everything fits well, such as you don’t want to short or long right into a bunch of EMAs. You can consider not looking at that pair until it’s clear.
I also showed you how we use M2 in crypto markets. Currently, most tokens still require a pullback, but some are at interesting levels. NOT FINANCIAL ADVICE.
I then went on to show you why I sold some stocks in WULF yesterday at the market open. I was up 90% in less than a week, so it was sensible for me to take some of my stake at least out and let the rest run. It is not normal for a stock to rally so much in a short period. I’m also following Marc’s advice on taking partial profits along the way. In this way, I’m gradually growing my account. There will always be opportunities to buy in the future again.
Also went through E&S pairs, and I filtered them out for you as most of them are correlated, as Pierre has warned at the beginning of his post.
Lastly, there is CAD news in less than an hour, so I would wait for that to come out and then take any CAD-related trades. Also NZD cash rate overnight so make sure to not trade it until tomorrow morning when the dust settles.
Also check out our YouTube channel for shorts and other videos. Click the subscribe button if you haven’t yet.
https://www.youtube.com/@marcwalton
You can watch the webinar below:
Zoom notes
Trading Webinar: Strategies and Insights
Ashley led a trading webinar covering various topics including market structure, setups, and crypto trading. She mentioned that Mark would be posting updates later in the week. The session included a discussion on trading without using the Exponential Moving Average (EMA) and a review of a stock that had increased by 60% in a short period. Ashley also shared insights on stock trading strategies, which differ from her forex trading approach. The webinar concluded with a brief mention of personal travel plans to Bali.
4-Hour Market Trends and Strategies
Ashley discussed market trends and trading strategies, focusing on the 4-hour timeframe for better visibility of market structure. She explained how to identify trends and potential entry points for trades, emphasizing the importance of strong support or resistance levels for optimal risk-reward ratios. Ashley also highlighted specific setups for the euro, pound, and AUD, waiting for certain price actions before taking positions. She advised against entering trades on engulfing candles and stressed the need for patience and proper setup confirmation.
Currency Trading Strategy and Analysis
Ashley discussed trading strategies and market conditions for various currency pairs, focusing on waiting for confirmation before taking trades. She explained her approach for the AUD and EUR, looking for a close above a specific level before considering a trade. Ashley also touched on the CAD/JPY pair, noting that some traders had taken short positions but waiting for a clean breakout before making a decision herself. She mentioned upcoming CPI news and potential volatility, as well as the influence of the USD/JPY pair on her trading decisions.
Market Analysis and Trading Strategies
Ashley discussed market structure analysis and trading strategies, focusing on waiting for clean breakouts and retests before taking trades. She explained her approach of using daily timeframe boxes as support and resistance levels, and demonstrated how to scale down to lower timeframes for entry signals. Ashley shared that she was not interested in trading certain pairs like USD/CHF due to lack of multiple timeframe confirmation and large stop losses.
Market Analysis and Trading Strategies
Ashley discussed market analysis and trading strategies, focusing on waiting for specific price levels to break before making trades. She advised patience and emphasized the importance of market structure in decision-making. Ashley also reviewed upcoming economic events and news releases that could impact currency movements, including the Jackson Hole Symposium where central bankers will discuss policy plans. She advised traders to wait for confirmation after major news releases before entering new positions, particularly during the UK trading window.
Currency Trading Strategy Discussion
Ashley discussed various currency pairs and potential trading opportunities, focusing on waiting for specific news or breakouts before taking positions. She expressed caution with some pairs, such as AUD/USD and NZD/USD, and highlighted the importance of the USD/JPY pair as a leading indicator for other crosses. Ashley emphasized the need for clear breakouts to make informed decisions and mentioned her preference for risk-reward setups. She also noted her ongoing wait for a specific event to take a long position in the euro/pound pair.
Forex Trading Strategies and Analysis
Ashley discussed various currency pairs and their trading opportunities, focusing on market structures and Fibonacci levels. She highlighted potential setups for pairs like AUDNZD and USDCHF, emphasizing the importance of waiting for reversals and entry confirmations. Ashley also touched on the volatility of New Zealand’s cash rate and advised caution around major news events. She concluded by explaining how to analyze cryptocurrencies using similar techniques as forex, such as examining Fibonacci levels and EMAs for potential entry points.
Cryptocurrency Trading Strategy Discussion
Ashley discussed trading strategies, focusing on buying tokens at favorable prices during market pullbacks and breakouts. She emphasized the importance of waiting for a breakout before taking a long position or buying during pullbacks for a more conservative approach. Ashley shared her experience with specific cryptocurrencies like Cardano, Solana, and meme coins, highlighting her profit-taking and potential re-entry points. She also explained Mark’s strategy of scaling into positions and the importance of fundamental analysis in stock trading.
Currency Trading Strategy Insights
Ashley discussed various currency pairs and trading strategies, focusing on Eurocat, Pound NZD, and AUDJPY. She explained her reasoning for not taking certain trades, citing factors like mixed signals and lack of structural support. Ashley emphasized the importance of waiting for the right moment to enter a trade, using M2 charts to analyze potential setups. She also mentioned that some pairs are correlated, especially involving the pound, and had already filtered out less favorable options for participants.