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.
There has been a reset in the majority of developing forex trends as one of the top performing currency as of late such as the Canadian Dollar deflated its momentum last Friday while the likes of the Japanese Yen corrected higher. This leaves the Kiwi as the main currency to still consider short exposure conditional to entries on lower time scales.
In my assessment of the directional biases for this Monday, we’ve transitioned from over 20+ markets in trending mode to just a dozen at this point. Let the market show its hand through the higher timeframes once again early in the week and be ready to re-engage in whatever pairs show the clearest supply/demand imbalances.
There are no economic news of note for this Monday, with the narrative towards the US Presidential election race growing in dominance. We’ve also learned that COVID-19 cases in many parts of the world continue a steady climb while there has been reports over the complete unwillingness of the US and China to resume trade talks.
Later in the week, remember, we’ll have the release of the July FOMC minutes, which to me represents the event risk for the week. Amid the limited amount of information through the July FOMC statement and Jay Powell press conference, this is an event that may move the markets if unknown clues such as stronger forward guidance heading into the 18 September FOMC meeting are given.
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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