First of all my apologies for not publishing a forecast for Friday. I did publish one but set it as private accidentally and have only just realised. For those of you who are interested in the forecast and the trade I took, look here
I am still in sells for the foreseeable future. My gut tells me that we could see a change in higher time frame trend soon but until I get confirmation to prioritise longs, I will stick as I am. The higher time frame zones are having some effect in my opinion. The fact that the two counter trend moves on Thursday were strong and the pro-trend move from a strong zone on Friday was weak could be signs that we are meeting with the reversal. But I will stick to the plan and sell until the market tells me to buy. Although I am partial to reduced risk counter-trend moves as you will know.
It's Monday tomorrow, Monday not famous for being a lucrative day of the week. We have no news to contend with and we're mid August so it'll be a case of setting alerts at my zones of interest and doing something productive. Keep an eye for the updates below for any trades I am looking at. I am trading conservatively at the moment because the market isn't on top form. Conservatively trading applies to my entries and targets.
I'll aspire to get this idea out to the public and I wish you all an amazing and profitable trading week. I'll see you in the minds
I am still in sells for the foreseeable future. My gut tells me that we could see a change in higher time frame trend soon but until I get confirmation to prioritise longs, I will stick as I am. The higher time frame zones are having some effect in my opinion. The fact that the two counter trend moves on Thursday were strong and the pro-trend move from a strong zone on Friday was weak could be signs that we are meeting with the reversal. But I will stick to the plan and sell until the market tells me to buy. Although I am partial to reduced risk counter-trend moves as you will know.
It's Monday tomorrow, Monday not famous for being a lucrative day of the week. We have no news to contend with and we're mid August so it'll be a case of setting alerts at my zones of interest and doing something productive. Keep an eye for the updates below for any trades I am looking at. I am trading conservatively at the moment because the market isn't on top form. Conservatively trading applies to my entries and targets.
I'll aspire to get this idea out to the public and I wish you all an amazing and profitable trading week. I'll see you in the minds
Trade active
I have entered this sell. I placed a limit order before I went to bed last night but I do feel we will have a retest Note
LTF Note
Liquidity swept at the 830 level Note
I have just checked back in and this PA is shocking. The high probability pro trend moves are weak AF. I'll be happy to take a loss here if we change character on the M15. That would act as confluence that the H4 is finishing its retracement. There is that much EQH liquidity where my SL is I am expecting a loss here. Trade closed: stop reached
As I suspected, SL hit. I hope now it breaks the M15 high so we can get into some buys.
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.