GJI've been quiet in that I haven't posted in a while but I have been monitoring the charts. So now I would like to firstly apologise to myself for not committing and doubting the work needed to be done. Secondly, I would like to apologise to anyone that does follow me and gets any value from what I do.
This is my current vision of what I see and where I believe GJ is going. We are in the correction phase of a channel, so I will wait for a break (Violent one) downwards, a retest, candle confirmation and then enter and ride it the whole way down.
I am challenging myself to post everyday even if it is just comments and not a forecast.
CAP
US30I don't trade NFP, so only now am I about to forecast. Market hit SL if this triggered but Friday my screen was closed. Only now do we get further confirmation that we have high possibility of going up but we also have a high probability to collapse.
US30Once the retest is over and we have an Impulse up or candlestick formation ending the downtrend. Then we go in and we ride it the whole way (For me till NFP, I do not trade NFP).
USDo not take this trade until⚠️⚠️⚠️
1. It breaks out impulsively
2. It retests either with many spinning tops / channel inverse to the current trend
3. Makes a final kiss either with another impulse candle / candlestick pattern showing upwards
Also watch your fundamentals and which ones will affect the pairs you trade
US100I love how this worked out but we cannot attach feelings to trades. So now we wait for the retest to complete and then we re-enter and ride it down.
NAS100⚠️⚠️⚠️⚠️⚠️Stay away from this idea, it's something I just want to test. I post my ideas as reference for myself and to track my progress, so I'm posting it so I can document in-case it backfires. It follows my criteria to enter trades (RR, candle confirmation, pattern confirmation, a pair I have back tested)
UJBigger timeframe has shown us an inverse H&S and the neckline has been broken. Currently we had a double bottom and slight move upwards. Where we allows for either a pullback before fully bolstering to the direction it wants to. My analysis is showing me a long but I will wait for further confirmation before entering.
UZThe market has been favourable after the announcement of the consideration of one currency. Last week we saw the Dollar take a hit and the Rand gain a few muscles. With this we go in with a smile but with caution because our Repo Rate was also adjusted so the gains are not necessarily the best of options.
UJI am seeing this melt for quite a bit before it breaks out of this channel and continues the bullish trend. We are still in the pullback, ZOOOOOOOM THE FCKU OUUT and you'll see there's quite a bit before the bigger trend.
UNLESS
If we have a break to the upside and retest then we have to prepare for a very volatile market because demand is on the upside but provide before the correct time will lead to false breakouts and blown accounts. This will be to account for the demand as supply won't be able to keep up. So to keep moving the car will go around collecting fuel from all the cars that have other mechanical or electrical failures and aren't moving.
US100I don't think I posted this and did not even take the trade🫣🫣🫣🤣🤣🤣🤣. Mentally I'm just not fully around but I am trying and will still let my trades do as best as I can. I'll be okay and have things fixed and fully chart based.
US100Stopped out but it's fine, because it hasn't punished our capital. Just a small hit but we wait and watch as now we have more information as to what the market is supplying, even though it's against demand.
US100This is what I'm seeing after this double bottom completes. There will be heavy demand to the upside but till supply is provided we watch and wait, being impatient will be a costly thing. So also stick to your rules and trade your rules.