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G-CAP

AUThis was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons that our forecast was inline with the market. Still a good way to sharpen skills when waiting for your watchlist to give your setups, it also stops you from seeing things on your watchlist that don't exist.
Short
by Mhangwane1
US100Setup after setup after setup. Those who have either hit their TP's or have been adding entries on, well done future influencer in The Financial Direction of your city, area and Country. I blew an account earlier, only because of a silly mistake. I clicked on the wrong pair while I was executing my trades which then led to the wrong trades being open. One of those pairs had a spread of over 3000 points and I got stopped out. So I am completely at fault and understand the cost of the lesson was not the money but the ignorance of getting too comfortable. I am an android phone user and will not change anytime soon, but this is where I would wish META4 for Android had the instant trade buttons on screen like in IOS. New account opened and from now all trades will be confirmed. Usually I place the trades then put in the exit points, but from now on I will put in the exit points before executing the trade. This will ensure the instrument I'm trading is correct because if the parameters are wrong, META4 will not put through the trade.
UShort
by Mhangwane1
2
US100Apologies for not updating this trade, but here we see our short trade. Now we remove this from our charts, clean them up again and start all over. The point is to become predictable, once we do that then we also follow the markets predictability and that leads to consistency. I've learned over 7 years (which should have actually been only 3 years) that when you want something; 1 - make the decision, 2 - do the action, 3 - build a schedule doing the action, 4 - repeat 2 & 5 - once you reach your goal rest before the next goal.
UShort
by Mhangwane1
2
GJPart 3 Textbook sell pattern, straight forward and easy to spot. The build up of price and the steepness of the gradient, further shows us that the "Mighty will always stumble" 🤣🤣🤣not the best analogy but it's the way it makes sense in my head. I'm still gonna WATCH & WAIT, Due to it being year end a lot will happen and affect the whole years trading. How it effects me, is that I try keep busy with other things and this leads to very poor trading decisions as I will only be aiming to close on profit but overly exposed. So this more than ever is time to start the review of the year and just how important it is to stick to my rules.
by Mhangwane1
US100We reached a low we haven't reached since July 2020. Around the peak of the rona, which we could use as an extra piece of information. Moving down to the 4H, I see a reversal from the bearish trend in the form of a bull channel (2 touches both on the top & bottom). So I am waiting for the move down to complete before making any moves on this one. 1H, we had a break upwards which reached the previous high and started turning. Therefore either the "double top" will complete itself or a fail will happen and the bulls will come in to keep pushing it up. LET'S HAVE A PROFITABLE WEEK, FILLED WITH PIPS AND MINIMAL EXPENSES.
U
by Mhangwane1