Once again at the 21W MA. What will happen next? I know what I will be doing: waiting for the system to give me another entry signal. Se you soon
15530 - Our significant level This price will determine if we sell or we buy. Bounce on it will be a signal to buy. Break of it and retest will signal to sell. Whatever is to happen for now we stay far and just watch as it will be irresponsible to do anything based on feelings.
A lot is happening but the levels are the most important thing I am looking at. The small yellow channel is what I will use to base my trades for any possible sell. A break of the channel. retest and impulsive continuation. All the way to the lower level which will be the bigger aim. Once there we will look for buys to the upside. Yet getting closer to the end...
This is the simplest way I can explain this because the way I try to put down my ideas is not easily understood. The Ghost Patterns are what I would require in order to take a sell. Not going to risk it but going to use experience and proper planning in order to successfully trade. No guessing, the blue levels are the significant levels which are sensitive to movement.
We took a late entry on this, not were our forecast was but we still made enough to add to our daily target. We reached it and crushed it. Did not expect to go in and out that quick but remember we do not own the market we are just participants of the movement. Even after everything has happened there is still more information we need to pick up in order to...
Not what we expected but it's good that it happened. We moved SL into profits before SL hit, so we were out before anything. Remember that you are a manager and not just a gambler, so follow your plan. Plan your trades, and trade the plan. There is still opportunity to re-enter but the day's goal has been reached so we close tabs and we'll be back tomorrow in...
A strong retest would have better had it happened before the drag down. I had not yet set my sell stop but had put this on my chart. There I'll wait before entering. The blue rectangle was an area of sensitivity, our channel was showing the pullback/slow down of the big trend. Now we are in a new phase, so we watch for fakeouts and long bearish pressure
This is the first wave of our upside. Rejected and bounced back up, therefore showing 142.00 is our support and as such we expected the bullish move. Now we wait for break of structure and retest of the break and continuation before entering. With clear and direct rules, we mess with money and miss what the market says according to our plans.
We would like to see a break of structure whether upwards or downwards in order to take a trade. The chanel we are stuck in suggest we should expect a break upwards but with refinement and zooming in to see candlestick formations we are seeing a possibility for the downtrend. Either way we wait for break and retest then entry before a definitive forecast is...
Daily we were waiting for 14 800 4h we were waiting for the 14 800 move Now we entering our RR is inline with our plan and it came to us not us going to it.
Nice sharpening - test of our level - trigger our buy limit - candlestick formation, indicating bull trend coming - straight up and no retest
From my end my broker is different so the spread did not affect me. The trade was not triggered therefore I stayed out of this. - the demand was not enough to trigger it - the supply was more to the other side Therefore we learn and we understand what has happened.
Last update on US30 for the day. - supply has reached it maximum capacity as it now needs to gain momentum again - orders filled (90% rule, credit FalconFX) - We have more than enough - SL was more than deep into profits so we are protected - Tomorrow is another day and there are more opportunities.
That is more than enough, move your SL into TP or breakeven. - The market has given us more than enough - Demand has been met by the supply - Impulsive candles indicate we were correct in following the market and the conditions - There is no slow down so it should keep going but do anticipate a pullback * remember this is a business, so because the business has...
Due to the slow down and compactness of the current structure move SL into profits or breakeven - momentum has slowed down - there is a decrease in supply therefore a retest is needed to have more to supply to the demand - there is still strong bearish pull but no energy so protect your capital - understand why it broke out impulsively and has to retest
This is an update from the last time we took a trade on oil. Our approach was wrong, impatient and too easy, this time we have gone in with refinement and it has paid off. - Pressure from the demand was very high - retest of sensitive area - break down of strength - impulsive candle This is to show that every time you refine your strategy you add to the skill so...
I know I am not the only person seeing this now - break of larger trend - retest of the channel - lots of slowing down candles (consolidation) ∴ we can expect an impulsive candle coming. Which will either be bullish or bearish. - chances are that it will be bullish due to the average direction and momentum the market has been moving all this time. - I will set a...
I don't know what I am doing wrong but I keep getting it wrong as moderators keep flagging my posts. The impulse upwards was an indication that the demand and the supply met each other at the right time. The blue rectangle was an indication of a area of sensitivity, the market turned just before our entry point. Therefore we missed the initial target but that's...