Here is an alternative view. If you understand the different phases of market movements. I should not have to explain this. I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers. * 3 touches at the top of the channel * 3 touches at the bottom of the...
We need to be decisive here. US30 has no exact direction from my eye from 4H going down Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys. Moving deeper: The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the...
These are sell stops which I had placed on the 26th of December 2023, I got caught up and forgot about them. The market is currently not moving so I am at risk of losing these. Having not paid attention I could potentially hit the risk I had planned to lose. I had seen how the market pushed in between two price points (Blue rectangles). Found the probability and...
This went well. Double top where both almost knocked out the trade. What it showed is that, that zone was highly sensitive and a great place to have a sell stop and place 2 more trades.
I messed up again and did not monitor it and stick to what I had set out. Now we missed out on good momentum. Have a good weekend
The buyers won this round and that is no loss for us therefore we stay watching and waiting for any of our triggers or rules to be followed before entering any new trades.
My thoughts and idea before open, but the RR has no business with me. So I'll just watch it and get ideas as to how it develops and go about it. Also I only have 2 confluences on this, the structure and a candle stick besides that its not strong enough to provoke me.
Not anyone's inheritance, nor is it anyone's home. Now I can start looking for the actually trade I want, let it come to you and wait for NY open before getting hurt. It is best to move with wave when the current is flowing at its most energetic.
Here's the information we wanted and waited for. We'll probably get more movement throughout the day. Here's a trade I will be taking (Sell Stop) - LL, LH - coming from a bear move, shot up (falling to break high bear high) - Gap downwards, meaning we have to close the gap before real movement - This has been in a bear channel My RR = 3.75 which is inline with...
Back-testing this was one of my greatest lessons and pleasures of enjoying exchange and the markets of. 2009, 2014, 2015 & 2023 - These years are crucial because 190.00 beat them down telling them to sit TF down and show respect. Bigger view, zoomed out, 1M - shows 2 double bottoms - this indicates that we were bound to fight upwards - 2020 (1W) we shot up,...
Bigger timeframe has shown us LL and LH, therefore we are sinking. We should not be looking to fight the trend but follow and capitalize. So it to be clear and straight forward we will wait for one the rectangles to be hit, retested and candlestick confirmation in the area in order to decide what we are doing. With that gap we can guarantee that the gap will...
Welcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should...
Sunday Session We watched from last week that the market has played out in such a way that NFP was a needed element to the movement. We saw the double sword of the results of NFP, one because they was too much excitement but also because the actual to the predicted varied very much. We are bullish in our forecast and that won't change anytime soon unless we get...
This has to be my favourite trade of the week, missing TP by just a few pips but its good because we do not donate to the market so SL should have either been at breakeven (but that would have taken you out very early as the entry level was tested more than 4 times. No we see the pull all the way down and we wait and watch in order to get more information of our...
137.97 This is where I will be setting my Buy Limit. If you zoom out and look at previous data, it was once a rejection point and then a level of sensitivity. So this Level once reached will be we have a buy limit ready and after the rejection we will place more buys to upside. Should it not reject and break right through our level of significance then SL will...
Damn what a demand but we take the supply and learn from it. This clearly shows there was more fundamentals behind it than we had initially thought. So for now we watch and wait till we hit another significant level.
More than enough for the day. We have hit another significant level, therefore there's no need to be greedy. Either close, move SL into TP or move SL to breakeven.
COOL STUFF The skill stays getting sharpened. We were inline with the market and the direction with the ghost pattern. Now we reset and put in our channels to watch just how we are going to face this week. With the month end approaching UJ has a sensitivity to Fundamentals, especially those with many orders placed by other traders. If we do get a trade this week,...