Motivation
FALL TO BOTTOM OF CHANNEL?im anticipating a fall to the bottom of this channel you see on my chart
as the INITIAL PROFIT LEVEL # 1 i highlighted days ago has been hit
we can STIL SEE A RISE to the other 2 PROFIT LEVELS to finish everything off
but im going with a fall to the bottom of the channel
stop losses set above the initial high and pending orders with take profits set at the other 2 take profits at the top
i have HIGHLIGHTED 3 POTENTIAL areas where i think the markets for this pair might decide to head to before any other potential rises or falls
END OF LONG? or CONTINUATIONthe RESISTANCE LEVEL ON THE 4 HOUR chart on my phone has been HIT
as i predicted
we can see a potential fall to
140.379 levels for major support or 141.404 before that before another rise
i dont see any major signals on the higher time frames indicating a massive downtrend
as the weekly chart is still in STRONG UPTREND
if you enter any new long positions remember to ALLOCATE your risk wisely
and have take profits and stop losses beyond profit levels for safe trading
UPREND CONTINUATION BEFORE DOWN SIDE BREAK ????????im anticipating a RISE to 143.133 LEVELS before a MAJOR FALL as this is around the resistance level im seeing from my PHONE PLATFORM as im trading from multiple platforms and accounts
we can see STRONG VOLUME ACCUMULATION and support being formed on the 1 hour and 4 hour chart
im calling long until further notice
PLEASE USE STOP LOSSES and take profit where ever applicable
POTENTIAL UPTREND CONTINUATION BREAK ? ?? ? ? my analysis is showing NO SIGNALS for a downtrend im anticipating a RISE before a
4 level fall down to a major support and potentially lower
keep in MIND that the weekly CHART is still in a very strong uptrend with NO confluence CANDLES indicating any down trend what so ever
look for 3-5 signals before entering any long positions
set stop losses and STAY SAFE TRADING
LETS PROFIT
bounce on support to rise again? as the weekly chart is still in an uptrend things are kind of looky tricky for this pair
especially before DONALD trump takes office friday
im thinking a stab below to a support level or to the previous channel that was broken
careful of HIGH IMPACT news RELEASE AT 430AM on the GBP
we wil see how things go
Quiiickiiee before i leavelets just try this out
im thinking LONG
Long term but a short in the small time frames of things
as the weekly trend still looks like theres some Long POSITIONS to get for profit
NEVER DOUBT YOUR INTUITION or INSTINCTS
they some how hold the answers and keys in the world
instagram: jmanthemastermind
Why do you trade? Trading Goals and motivations (trade plan)Why do you trade? Consider writing down your personal trading goals.
The following are my personal Trading Goals & Motivations (taken from my trade plan).
Goals - Consistency
1. Focus on the process and let the results happen
2. Think in probabilities and whether I followed my plan. (Not right or wrong)
3. Master the ability to sit on my hands
4. Demand constant improvement
5. Follow the rules of my trade plan, ALWAYS.
6. Master the mental game
Goals - Financial
1. Fund and trade full account
2. Replicate my current income through trading (short term plan)
3. Once (1) is accomplished, maintain and build wealth (long term plan)
4. Have the freedom to quit my job if I so choose
Motivations
1. BE SUCCESSFUL = Achieve repeatable, consistent trading, reach goals,
2. Live the life I want. Flexibility, lifestyle, comfort, schedule, travel
3. Enjoy the journey
4. Continue to learn and get education
BORN accumulation around $1.50 areaHolding $BORN at a $1.50 average. Following the main idea of Shanghai Index recent breakout, $BORN looks nearly ready for some action after accumulation around the $1.50 area for the whole year.
Exciting days could be around the corner as earnings are announced tomorrow. But it could need up to one extra month to break current symmetrical triangle (bullish pattern).
How to recognise a trend. Silver example.Follow the money! And your trading will be easier and smooth. You want to start buying in an accumulation area and keep adding to your position as soon as a new uptrend starts to develop.
Remember not to sell too early! You want to keep at least a decent amount of your initial position to keep riding the uptrend until it is over.
That's the difference between good profits or life changing fortunes... patience to hold your winning positions, and confidence to close your losses early.
SORL explosion! Missed massive pump for $0.01...Sometimes you feel awful because you just missed a trade you were following, for only a little... I just missed a +85% profit for $0.01... Yep, for just a cent!
In these cases, you need to remember to NEVER chase a stock. Just forget about it and move to the next opportunity, there are plenty of them, all the time.
As I said earlier, after 3100 resistance was broken at Shanghai, risk appetite would be back. And that was very fast because it was combined with good earnings news!
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