Ivan Delgado is a decade-long Forex Trader. Feel free to follow Ivan on Youtube. Join thousands of traders who follow Ivan's insights to increase their profitability rate by learning the ins and outs of how to read and trade financial markets. Ivan has you covered with in-depth technical market analysis to help you turn the corner.
Let’s get started…
To see an expanded version, right-click and select ‘open link in new tab‘. The indices show the performance of a currency vs a G8 FX basket.
The recovery in the USD following last Friday’s month-end re-balancing flows, alongside that aggressive jawboning by the Bank of Japan to intervene in the JPY market (did they actually intervene?) is what stood out to me out of the last 24h of action.
There has been a slight reduction in the number of trending markets as the Asian markets open this Monday. Still, as intraday swing traders looking to exploit directional biases in higher timeframes, we are still provided with just under 20 markets that qualify.
In the fundamental front, watch the Australian Dollar as sentiment towards the currency may get a hit after the state of Victoria announced a curfew from 8pm to 5am after the spike in COVID-19 cases. What’s most worrisome is that authorities are clueless on more than 750 cases, not able to trace back the source of origin.
Besides, US Congress appears to be so far failing to make any headway on the much-awaited new stimulus package over the weekend. If this deadlock continues (next soft deadline is this coming Friday), it may too take a hit on sentiment. As usual, let technicals dictate if these clouds will cast a shadow long enough to invalidate certain trends.
Lastly, it’s important to keep an eye on this week’s actions by the Trump administration as the cold war between the US and China continues with relationships going from bad to worse. Trump is set to announce an set of measures against Chinese-owned software enterprise, with plenty of talk about his plans to ban the popular app TikTok.
If you found this fundamental summary helpful, just click here to share it!
In this section, I short-list the markets that meet the criteria, or are about, in order to engage on a directional trend off higher timeframes through a 15m chart entry. To get a deeper dive into the markets included in this section, watch my daily video.
This selection is done after analyzing markets through key metrics (Fractals and SMT) in different timeframes (4h and daily). A video on the power of the SMT can be found here “How To Trade Forex Trends Like A Pro“. The video “Fractals + SMT: The Multi-timeframe Functionality” is also a Must-Watch to fully grasp this style of analysis.
In this section I pick a market or several ones that presented an opportunity to buy on weakness or sell on strength based on the higher timeframes outlook. My video analysis below will further elaborate on the logic behind the trade.
Note, this is not a trade I was able to take as it occurred at the London open, which is not a time I trade the markets. Nonetheless, it shows how incredibly powerful it is to enter in line with the dominant trend at an area of discount. This trade could have made you 6 times your return on the initial risk. It means that for every $1,000.00 risked you could have made about $6,000.00 as the absolute best case scenario.
In this video analysis I dissect the information above. Ultimately, it is the traders’ call, via a set of entries thoroughly backtested, to enter and manage a position, hence the video is intended as educational in nature and not financial advice.
If interested in the best ‘free of charge’ News Indicator that displays data on past and future news in the Forex market via MT4, check this YouTube video I produced. The indicator allows you to save time, avoid mistakes. It’s spot on!
Markets evolve in cycles followed by a period of distribution and/or accumulation. To understand the principles applied in the assessment of market structures, refer to this video. Fractal breakouts is at the epicenter to assist us in the analysis of chart structures.
In order to assess the market momentum of a particular asset, I’ve promoted for years the idea of using what I call the smart money tracker. The settings and the indicator can be obtained via our Discord room, where traders from all walks of life interact frequently. In this video I lay out the elements I look into to call trend directions.
The usefulness of the 100% projection resides in the symmetry and harmonic relationships of market cycles. By drawing a 100% projection, you can anticipate the area in the chart where some type of pause and potential reversals in price is likely to occur, due to 1. The side in control of the cycle takes profits 2. Counter-trend positions are added by contrarian players 3. These are price points where limit orders are set by market-makers. You can find out more by reading the tutorial on The Magical 100% Fibonacci Projection