Hello All, hope you all had an Amazing Night for those who slept, for those remained awake and trading i hope you did your small profits collections,
YESTERDAY'S RECAP!
Most of us so the THE FALL CONTINUATION! however i didn't see that fall i saw a rise, but then a-lot of things happened in between and trading became so interesting to the level my FOMO (FEAR OF MISSING OUT) took control of my NERVES, coz of the CLARITY i saw in the RISE and then A MELT DOWN.
However after all that and considering my entries carefully with MAXIMUM CAUTION at last i just had to close them all, couldn't allow FOMO to hit me up , coz when it does hit you that's an indication you are about to SCREW UP your Account , It happened to me twice sometimes back which made me HATE trading.
Anyways after closing the ENTRIES , I had i was actually happy i could sleep without worrying so much, i was relieved and woke up strong and did my analysis in much clearer fashion.
TODAY'S MARKET.
Actually i had prayed for this CONSOLIDATION (RANGING MARKET) and yes i'm so happy that nothing took place which made the MARKET even more easier to analyze Long Story short Today w e will see our rise although as usual we don't just enter the MARKET coz we saw the opportunities NO! we enter the MARKET when our heads are fully relaxed that is with PURE CONFIRMATION that the MARKET will play our way.
$1810 is our FIRST CONFIRMATION ZONE for a FALL, when it's BROKEN this should be our FIRST INDICATION of a possible fall however most of the TRADERS will get into this MARKET immidiately when they see their first breakout which in many cases they end up getting screwed or making small profits amount, that's not the case here, so once we have the breakout we have set another confirmation zone at $1804 now, when $1804 is broken going down, that's our second confirmation and third confirmation comes PURELY on Price Action Patterns, after our breakouts we now consider the Price action and the CANDLE formation, here at the last phase plays an important CONFIRMATION ROLE we set our expectations and enter the MARKET( Consider $1810 ,$1804).
However in my end i see a formation of a double bottom or maybe further triple bottom, if the current price bounces from where it is now that is at $1812-10 and moves up to break $1819 that's a clear indication for upside movement, however this does not mean we enter the MARKET , this only means there is a possible UPSIDE , Now when $1819 is broken and then the trend goes ahead and breaks $1824 this is our second CONFIRMATION Zone for UPWARD movement, we then consider PRICE ACTION PATTERNS and CANDLE FORMATION.
Generally we being on CONSOLIDATION , means that the PREVIOUS TREND has lost it's MOMENTUM(BEARS) and now it's cultivating for change in TREND, However the change of TREND will be highly clearer if an INDECISION CANDLE is formed, which in most scenarios signals or guarantees change of trend formation.
My DECISION IN TODAY'S MARKET , remain scalping until our second signal traps are confirmed, wait for a retest and have our MAJOR ENTRIES.
It's most likely we'll see us moving back up, chances are very high still but yes not everything goes our way every time, sometimes we get the negatives just to remind us that it's not us in control but some more GREATER power is.
NOTE : There are plenty of opportunities in lower time frames , kindly take advantage of those as we wait for our MAJOR ENTRIES.
Up until then do wish you a wonderful day, will be back with an update soon!
Feel free to share your IDEAS.
YESTERDAY'S RECAP!
Most of us so the THE FALL CONTINUATION! however i didn't see that fall i saw a rise, but then a-lot of things happened in between and trading became so interesting to the level my FOMO (FEAR OF MISSING OUT) took control of my NERVES, coz of the CLARITY i saw in the RISE and then A MELT DOWN.
However after all that and considering my entries carefully with MAXIMUM CAUTION at last i just had to close them all, couldn't allow FOMO to hit me up , coz when it does hit you that's an indication you are about to SCREW UP your Account , It happened to me twice sometimes back which made me HATE trading.
Anyways after closing the ENTRIES , I had i was actually happy i could sleep without worrying so much, i was relieved and woke up strong and did my analysis in much clearer fashion.
TODAY'S MARKET.
Actually i had prayed for this CONSOLIDATION (RANGING MARKET) and yes i'm so happy that nothing took place which made the MARKET even more easier to analyze Long Story short Today w e will see our rise although as usual we don't just enter the MARKET coz we saw the opportunities NO! we enter the MARKET when our heads are fully relaxed that is with PURE CONFIRMATION that the MARKET will play our way.
$1810 is our FIRST CONFIRMATION ZONE for a FALL, when it's BROKEN this should be our FIRST INDICATION of a possible fall however most of the TRADERS will get into this MARKET immidiately when they see their first breakout which in many cases they end up getting screwed or making small profits amount, that's not the case here, so once we have the breakout we have set another confirmation zone at $1804 now, when $1804 is broken going down, that's our second confirmation and third confirmation comes PURELY on Price Action Patterns, after our breakouts we now consider the Price action and the CANDLE formation, here at the last phase plays an important CONFIRMATION ROLE we set our expectations and enter the MARKET( Consider $1810 ,$1804).
However in my end i see a formation of a double bottom or maybe further triple bottom, if the current price bounces from where it is now that is at $1812-10 and moves up to break $1819 that's a clear indication for upside movement, however this does not mean we enter the MARKET , this only means there is a possible UPSIDE , Now when $1819 is broken and then the trend goes ahead and breaks $1824 this is our second CONFIRMATION Zone for UPWARD movement, we then consider PRICE ACTION PATTERNS and CANDLE FORMATION.
Generally we being on CONSOLIDATION , means that the PREVIOUS TREND has lost it's MOMENTUM(BEARS) and now it's cultivating for change in TREND, However the change of TREND will be highly clearer if an INDECISION CANDLE is formed, which in most scenarios signals or guarantees change of trend formation.
My DECISION IN TODAY'S MARKET , remain scalping until our second signal traps are confirmed, wait for a retest and have our MAJOR ENTRIES.
It's most likely we'll see us moving back up, chances are very high still but yes not everything goes our way every time, sometimes we get the negatives just to remind us that it's not us in control but some more GREATER power is.
NOTE : There are plenty of opportunities in lower time frames , kindly take advantage of those as we wait for our MAJOR ENTRIES.
Up until then do wish you a wonderful day, will be back with an update soon!
Feel free to share your IDEAS.
Note
I'm giving Gold a short fall to $1805, this is on much riskier formula, therefore i recommend no one to have an entry for nowNote
Head and Shoulder PATTERN formed in 4 HR TIME FRAME, this indicates a buy decline and possible fall continuation, however we have more room for further analysis. The melt down on the makingNote
MY PREVIOUS SHORT SELL was declined! as i had indicated it was a RISKY ENTRY, however my buying orders are running profits currently $800, let's hope our PROFIT PERIOD comes in STRONG!NOTE: these are short term trades i'm executing so no need to worry, major entries are yet to be established.
Note
Our DOUBLE BOTTOM Formation is complete , let's wait and see what happens next?Note
I expect the current PRICE not to break $1816 for my UPWARD move validity.Trade active
heeeehah as said earlier the Upward validity move extended a bit further and now we going up !Note
what else do i say ? i'm running out of words for my own analysis..i have gotten so many messages people asking me to expand my analysis further and add some few pairs, i believe it's not workable i'd rather use all my energy on a single pair but with 90% accuracy..Anyways there is still room for further analysis, family kindly advise should i expand further to forex pairs?
your answers matter and i promise i'll do my best to fit in.
you can answer however you want either on the comment section or private messages, up until then let's collect them profits!
NOTE; Do you remember my $1830 take profit zone from yesterdays closing comment , it's hit and i had added some extra BUY ORDERS, This is our period let's collect them but also not at $1839-40 we might have a change, but anyways that's for then but for now we collect what we get!
Note
Guys the PREVIOUS RESISTANCE ZONE is as well a good TAKE PROFITS ZONE! $1855 and then we can see a melt down, however trade with caution as we expect a certain consolidation or possible fall from $1839, my zoning and trapping is active as well, alarms set, awaiting our confirmations for further entries later but as usual after 9p.m there will be no entries on my end!
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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.
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.