Fullmargin
My swing Full Margin Setup on WTI CRUDE OILThis setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari.
But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade.
In order to get a complete setup:
Must have
-fakeout
-compression
-cap price zone
-support resistance
-supply zone
-resistance become support
-breakout
-double maru candlestick
-divergence on MACD/AO
-some times it goes well if there's a news (fundamental aspect)
Sorry, my english is not very good to explain. But I'll to explain it in video next time.
Please help me to grow my youtube channel, I would like to share and help others in trading. I also need to learn more stuff.
Search & SUBSCRIBE my channel "The Musician Trader"
BTC Bearish Mode Expecting BTC to move lower at 19k-20k price from current price
Bounce relief might happen. And if we dont hold 40k , ill reentry short and taking profit at 20k
Gold 10/3/2022 7:46 PM (GMT+8) updateCongratulations for those who hold their entry during asia and london session. Previously I mentioned that the TP is around 2000 and right now still running extra 60 pips.
Before the US session starts I will post my idea on the current gold situation after the London session. It has been a wild pump during the London session, however, correction must be made. From my analysis, there is an unfinished bullish QM setup on going due to no retracement still from the 2000-ish target and AO still showing bullish divergence. I'm expecting a little correction on the US session and you may see my yellow box target for entry. If the yellow box is rejected during the US session then we will have a good chance to reach a further upside in which my target is at the blue box. An all-time high gold might be possible but beware of a big rejection as the myth of gold as an anti-dollar is still valid. That's all from me. Have a safe trade.
GBPUSD Looking for Short as Reach Daily SNRMonitoring Zone : 1.36168-1.35973
As the price has touch previous daily RBS, the price most probably will find next SNR to make decision either continue or reversal. The monitoring zone is around 20pips only and in my analysis, this is the safest zone for full margin if the CMP making confirmation once in the zone.
Trading Plan.
SELL ZONE: 1.36168-1.35973
TP FM: 20-30pips (If hold, close half entry and set BE for zero risk position)
SL= 1.36268 , 20pips from last zone
If price make clean breakout from zone (H4), counter setup for buy in the zone.
Entry with confirmation.
Full margin at your own risk. Manage your capital wisely.
GOLD Forecast for OCT W1I predicted Gold will continue its uptrend towards daily resistance before making decision either to break the resistance or dive after testing the it.
But this week NFP will be out so most probably strong sideways zone will be made before any market decision. Just be careful and monitor both technical and fundamental analysis.
Either way, please monitor the zone given and see the price action.
RED= Daily SNR
YELLOW= H4 Zone
Trendline= H1
TRADING PLAN
Zone is for FM with confirmation for scalping with 20-30 pips TP. If hold close some of the order and set BE for zero risk for intraday position.
SL from any zone is 20pips.
Trade with confirmation.
I will update once the trade is active guys.
ANALYSIS AND TRADING IDEA #GOLD #XAUUSD ELLIOT WAVE STRATEGYHERE IS GOLD MAPPING BASE ON ELLIOT WAVE ANALYSIS, WE ARE LOOKING SHORT IF PRICE REJECT THE KEY LEVEL AND GOT CONFIRMATION ON CHART PATTERN BEARISH. TRADE AT YOUR OWN RISK.
