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.
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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.
In financial markets, the story of the day was the collapse from its lofty levels in the metals complex with Silver suffering the sharpest fall since Oct ’08 while Gold saw its worst day in over 8 years with no particular catalyst other than the spike in real yields.
Currencies wise, the Canadian Dollar was the stand out performer, followed miles away by the US Dollar, while the Japanese Yen was the clear loser, barely budging to recover the lost ground even of the sharp reversal seen through the equity markets in the US.
In the US equities, amid the political impasse on the next fiscal stimulus as Republicans and Democrats keep going back and forth, big selling flows kicked in late on the day in one of the most aggressive sell-side candles intraday for weeks in the S&P 500.
Interestingly, the sudden bearish action in equities was certainly not a reflection of the strong performance of equities in Europe broadly stronger amid positive fundamental data, vaccines hopes by Russia and Trump’s sound bites on capital gains tax cuts.
After scanning the charts, I’ve ended up spotting over a dozen markets that offer the type of agreement in both the 4h and the daily timeframes to make a strong case for intraday opportunities. In today’s report I also highlight a short opportunity in the NZD/CAD.
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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.
To see an expanded version, right-click and select ‘open link in new tab‘. 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.
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